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.
knowledge is great