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Creative Castings
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Creative Castings Limited is a public limited company incorporated in November 22, 1985. After Incorporation, the said company took over the running business of the erstwhile Partnership firm, M/s. Creative Castings with the effect from 21st March 1986 on dissolution of the Partnership firm. All the assets and liabilities were transferred to Creative Castings Private Limited. The Company became a Public Limited Company on 6th October 1994 and got listed on January 4, 2016 at Bombay Stock Exchange.
The Company is India's most trusted & quality investment casting manufacturer & exporter by lost wax process with an installed capacity of 840 MT/annum. It is into the business of manufacturing and selling of all types of Steel and Alloy Steel Investment Castings and generating of power from wind energy. Besides, the company is engaged in supply over 5199 different types of castings in as cast & in fully machined conditions to almost every field of engineering applications such as pumps & valves, Defense, oil & refinery, fire control equipment automobiles etc. The office and plant spread over 8924 Sq. Mts. area with a production area of 3500 Sq. Mts. & is equipped with latest technology production, testing & measurement facilities & with a full standby captive power generation for uninterrupted production.
The company has two furnaces with capacities of 300 kg per heat and 250 kg per heat respectively. Its product has wide range of application in different industries viz. Industrial Pumps, Electrical Engg., Valve Industries, Anti Fire Equipment, Defence Industries, Instrumentations, Medical Implants, General Engineering, Oi1 and Gas Industries, Power Industries etc. The Company has developed over 5,000 various types of castings till date.
The Company was exclusively listed on OTC Exchange of India (the Stock Exchange), however, pursuant to letter of the Stock Exchange dated January 13, 2015 the Company was migrated to Dissemination Board of BSE. According to reference made in the stated letter with respect to Clause 3.2 of SEBI Circular dated 30th May, 2012 'Companies failing to list on other stock exchange, will cease to be a listed company and shall be moved to the Dissemination Board by the existing Stock Exchange' hence virtually status of the company considered as Company ceased to Listed considering the terminology used in the stated letter.
The Company erstwhile listed on OTC Exchange of India, however, the same was derecognized by the SEBI w.e.f. March 31, 2015 resultant the Company ceased to be listed. Subsequently, the Board of Directors of the Company, in its meeting held on July 30, 2015, opted an option to go for Direct Listing with BSE Ltd. as per SEBI Circular dated April 17, 2015. The company has undergone direct Listing with Bombay Stock Exchange and got in-principal approval pursuant to vide letters dated December 14, 2015 and December 31, 2015 respectively. It is to be noted that the trading in equity shares of the Company effectively commenced from January 4, 2016.
Creative Castings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Creative Castings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Creative Castings is valued compared to its competitors.
Creative Castings PE ratio helps investors understand what is the market value of each stock compared to Creative Castings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Creative Castings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Creative Castings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Creative Castings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Creative Castings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Creative Castings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Creative Castings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Creative Castings helps investors get an insight into when they can enter or exit the stock. Key components of Creative Castings Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Creative Castings shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Creative Castings ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Creative Castings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Creative Castings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Creative Castings .
The balance sheet presents a snapshot of Creative Castings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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