Shilchar Technologies

I came across a micro cap company Shilchar Technologies and wanted to share my views.
Positives
  • They manufacture transformers
  • Have exposure to renewable energy also. Recent reforms in power sector can be added advantage to it
  • Very low equity capital, dividend paying
  • With equity capital of 3.81Cr they have 25.55 Cr reserves
  • Floating stock is only 4%. Promoters holding ~66%, and shah family holds 28%
  • Huge positive change in cash flow stmt this year.
Concerns
  • Promoters reducing their stake QoQ

Data derived from annual statement

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