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Tata Metaliks: Near-term pause could provide re-entry opportunity

In order to play the water infrastructure theme, Tata Metaliks is one of the preferred stocks though its December quarter results may witness some pressure

December 04, 2020 / 09:50 AM IST
Tata Metaliks: Near-term pause could provide re-entry opportunity

Tata Metaliks. (Image: tatametaliks.com)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Tata Metaliks Ltd (TML, CMP: Rs 612; Market capitalization: Rs 1,932 crore) is a leading producer of foundry grade pig iron (PI) and ductile iron (DI) pipes. After a washout June quarter, September 2020 quarter results improved with revenues recovering to last year’s levels. The planned expansion for DI pipes has been further delayed due to labour issues and rising cases of coronavirus infections. Maximum benefits in terms of cost-optimization projects like PCI and others have played out. Highlights of...

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