low PE, High book value and intrinsic value, . Market share 55% in seamless pipes segment -New generation offshore jack up rig operating at 98% efficiency on 3 year contract with ONGC -C capex of ~Rs. 852 Cr (through internal accruals), distributed in Narketpally (USTPL) ~Rs. 264 Cr, Mangaon (MSL) ~Rs. 195 Cr, Nago thane (MSL) ~Rs. 393 Cr. additional working capital requirement of Rs. 300 Cr in USTPL and Rs. 250 crores in MSL which would be funded from internal accruals
Prepayment of Loans: Company has prepaid its long term loans taken for Telangana plant and rig acquisitions in October 2022 and June 2023 and is now a Zero debt company. Also, there are no ICDs or corporate guarantees outstanding as on 31st March 2024. In 5 min inverse head and shoulder pattern in progress once crosses neckline we would be in 3rd wave .
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