Gitin Singla

A Simple guy with refined thinking.

[Gitin Singla @gitin19]

@Stockwallah0123 So shall we keep shorting further

[RajStockWatch @RajStockWatch]

TRUE COLORS FY27 H1 RESULTS. H1FY27 RESULTS. Rs.145 was at 11.5 p/e. Now 9.5x 👍

OVERALL GOOD 👍after 2 consecutive FLAT periods. And that hurt the stock with price going below IPO price. ( High receivables are a matter of concern. May be it will get squared off by year end)

H1 FY27 Vs.H2 FY26
REV:Rs.183Cr Rs. Vs Rs.150Cr 👍
PAT:Rs.21Cr Vs Rs.16.4Cr 👍

(May Compare with H1FY26 Rev=Rs.152Cr & PAT=Rs.14.7Cr )

TTM Vs FY26
REV:Rs.333Cr Vs Rs.301Cr 👍
PAT: Rs.37.4Cr Vs Rs.31Cr 👍

SME IPO was in Sept 2025 at Rs. 191

[Investor Yash @investwithyash_]

Merritronix Ltd-

H1 FY27
Revenue- 106 cr (+90% YoY)

Orderbook - 101 cr

A good ems company.🤘

[Gitin Singla @gitin19]

@Akash17971 💯💯

[Akash Chaudhary @Akash17971]

EXCELLENT & HIGH-QUALITY SME COMPANIES TO STUDY & TRACK 🔥🔥🔥

▪️ Shree Refrigerations
▪️ Prizor Viztech
▪️ Danish Power
▪️ Influx Healthtech
▪️ Yash Highvoltage
▪️ Ganesh Infraworld
▪️ Merritronix
▪️ Alpex Solar
▪️ Neetu Yoshi
▪️ Accord Transformer
▪️ Freshara Agro
▪️ Aimtron Electronics
▪️ Unihealth Hospitals
▪️ Millworks Technologies
▪️ Systematic Industries
▪️ Patil Automation
▪️ Baheti Recycling
▪️ Avana Electrosystems
▪️ Anondita Medicare
▪️ Tipco Engineering
▪️ Vivid Electromech
▪️ FlySBS Aviation
▪️ CFF Fluid Control
▪️ Khazanchi Jewellers
▪️ Poojaa Precision Engineering
▪️ OBSC Perfection
▪️ Telge Projects
▪️ Remus Pharmaceuticals
▪️ Energy Mission Machineries
▪️ Sacheerome
▪️ Prime Cable Industries
▪️ Aptus Pharma
▪️ Technocrats Plasma Systems
▪️ Concord Control
▪️ Namo eWaste Management
▪️ Grand Continent Hotels
▪️ L. T. Elevator
▪️ Taurian MPS
▪️ IndosMC
▪️ Pune E-Stock Broking
▪️ Divine Power Energy
▪️ Apsis Aerocom
▪️ Madhusudan Masala
▪️ JD Cables
▪️ Sunlite Recycling Industries
▪️ Afcom Holdings
▪️ Anlon Technology
▪️ Credent Connect N Care
▪️ Pramodini Medicare
▪️ Atharva Poly-Plast
▪️ Bai-Kakaji Polymers
▪️ Poojaa Precision
▪️ Kratikal Tech
▪️ Unified Data-Tech
▪️ Workmates Core2Cloud Solution
▪️ Devson Catalyst
▪️ Avience Biomedicals

WHAT TO STUDY BEFORE TAKING ANY DECISION
Just seeing strong growth or a good stock price performance is not enough.

Go through the company from multiple angles:
▪️ Balance Sheet — debt, net worth, cash, borrowings and overall financial strength
▪️ P&L Statement — revenue growth, margins, profitability and consistency
▪️ Cash Flow Statement — whether profits are actually converting into cash
▪️ Annual Report — business model, strategy, risks, subsidiaries and management commentary
▪️ Concall — management guidance, future plans, order book, capacity expansion and execution
▪️ Investor Presentation — business segments, customers, capacity, expansion plans and growth strategy
▪️ Exchange Announcements — orders, acquisitions, fund raising, contracts, new projects and other important developments
▪️ DRHP / RHP — particularly important for IPO-stage companies; understand the business, promoters, financials, objects of the issue and risk factors
▪️ Management & Promoters — background, track record, holding pattern, pledging and corporate governance
▪️ Order Book & Execution — size of order book, quality of orders and ability to convert them into revenue
▪️ Working Capital — receivables, inventory, payable days and cash conversion
▪️ Capacity Expansion — current capacity, utilisation and whether expansion is supported by actual demand
▪️ Customer Concentration — dependence on a few customers can increase business risk
▪️ Related Party Transactions — study them carefully
▪️ Debt & Interest Cost — understand how growth is being funded
▪️ Promoter Dilution / Fund Raising — track preferential issues, warrants, QIPs and other capital raising
▪️ Valuation — a good business can still demand careful valuation analysis
▪️ Execution — ultimately, management's ability to execute its stated plans matters the most

SME companies can offer interesting business models and growth opportunities, but they can also have higher execution, liquidity, governance and information risks, so deeper research is important rather than relying only on price action or social-media discussions.

Study the business first. Then study the numbers. Then study the management. Finally, study the valuation.

DISCLAIMER
This post is for educational and informational purposes only and should not be considered investment advice, research advice, or a recommendation to buy, sell, or hold any security.

[Gitin Singla @gitin19]

@Akash17971 Obsessed with Merritronix 😛

[Merritronix @Merritronix]

Thank you @TIFRScience team for your constant support and guidance. @IITHyderabad
#CMS
#HGCAL

[Rohit Ramasubramanian @rohiitian]

Wrote a small piece on our investment thesis in Merritronix as @RMSGrowth. Their client base, product profile (the PCBs they make sell for INR 3-7L per board) and obsolescence engineering are not easy to replicate

No buy sell reco

[Gitin Singla @gitin19]

@ABCI_Invest Way to go for Merritronix 🔥🔥🌟

[Anybody Can Invest-ABCI @ABCI_Invest]

#SME
#Merritronix:
#Fair Value of ₹720 (From ₹334 CMP) depends on:

1. NADCAP Certification in FY27.

2. CFO Improvement from FY27 onwards.

3. Achievement of Revenue growth of 35% CAGR.

Disclaimer: DYDD...Not a Buy / Sell recommendation.

[Anybody Can Invest-ABCI @ABCI_Invest]

#TAILWIND SECTOR #SMEs
#MOAT
#VALUATIONS AND UPSIDE POTENTIAL FROM CMP

#Merritronix Ltd
👉 ESDM for defence & aerospace [FY26 Revenue Mix ---> Non-Government: 93% and Government Entities: 7%]
👉 Indian EMS Market size would be 62B USD in CY2031 as compared to 39B USD in CY2026
👉 Indian EMS market is growing at 9.63% CAGR

👉 FORWARD VALUATIONS

✅ As per revenue growth of 35% CAGR in the last 3 years
✅ ~28x Forward PE for FY27
✅ ~60x Industry Peer PE

👉 Fair Value or Intrinsic Value of Merritronix is ₹720
✅ 2.1x of CMP ₹336
✅ 115% upside potential from CMP of ₹336

🟢 FY26 ------------------------> FY27 [Year 2027]
🟢 CMP ₹336 ------------------> ₹720 [Year 2027]
🟢 Market Cap ₹588Cr --------> ₹1235Cr [Year 2027]

Disclaimer: DYDD...Not a Buy / Sell recommendation.

[Gitin Singla @gitin19]

@Akash17971 @munigalasr95921 1500 plus 🤞🏻

[Anybody Can Invest-ABCI @ABCI_Invest]

#Merritronix - ESDM gem catering to defense, aerospace, telecom, and industrial sectors, offering PCB assembly, system integration, box-build solutions.

#Susan - Manufacturing aluminium and copper winding wires, conductors, and power cables for power distribution and industrial applications.

[Gitin Singla @gitin19]

@vsvicky_ Great analysis

[Satpal Singh @vsvicky_]

Institutional Groups to be followed

- Helios
- Abbakus
- Invesco Group
- Enam Securities
- Bandhan Group
- Vanguard Group
- Sundaram Group
- Amansa Holdings
- Nalanda India Fund
- Catamaran Ventures
- Malabar Investments
- PI Opportunities Fund
- Carnelian Assest Management

Portfolios can help you spot quality businesses 🔥

[Gitin Singla @gitin19]

@Akash17971 Perfect list

[Gitin Singla @gitin19]

@Akash17971 Cz most people are impatient and greedy at the same time. Rather than generating multibagger returns they are happy with quick 10-20%

[Gitin Singla @gitin19]

@Akash17971 Perfect list 🔥

[Gitin Singla @gitin19]

@sachprat07 Both are gems of SME. Definitely the finest ones ever listed 🔥