Ashish Kacholia bought 50,000 shares of BEW Engineering at ₹1,450 today!!🧪🔩
A knowledgeable person on twitter named Value Educator pointed out that this is the second time he has invested in the company. He had initially bought 1 lakh shares for ₹995 in May 2023.
He also highlighted the following salient points about BEW Engineering.
👉🏽The company has been on a high growth trajectory and has a strong order book due to the massive capex being done by the chemical and pharma sector in India. They recently delivered an order for a Continuous Fluid Bed Dryer worth ₹4 Cr.
👉🏽They raised capital via preferential allotment in June 2023 for ₹27 Cr and in August 2023 for ₹15 Cr. The funds will help reduce debt and improve the working capital cycle of the company.
👉🏽They are doing a capex at the land adjacent to the current manufacturing facility. The growth from this capex is expected to come in FY25.
👉🏽They are looking to enter into more niche products with low competition and better margins. The export market is also untapped for the company which will help future growth.