In this article, we can see Debock Industries Ltd as a Potential Multibagger Stock as on October 2023.
Debock Industries Ltd
Debock Industries Ltd deals in the manufacturing of Agricultural Equipment and Mining. Mr. Mukesh Manveer Singh is the current Managing Director Non-Executive and Independent Director. Mr. Sonu Sharma is the current Director Non-Executive and Non-Independent Director.
Website
Location
Debock Industries Ltd deals in the manufacturing of Agricultural Equipment and Mining. headquartered in Jaipur.
Products & Services
- Ataborn
- Green Verticill
- Debock
- ORGANEEM
- Triguard
- Neem Oil
- Royal Shakti
- Perfect Super
- ZCH 502 Super King BGII
- Debock
- HYBRID PADDY SEEDS
- F1- Cucumber
- Dhaniya Coriander Seed
- Hotel Debock Inn
- Sales And Marketing
- Agriculture products
Profit & Loss
Positives
- 2022-23 a decent achievement continued to demonstrate the Company’s proficiency and determination in achieving operational excellence and financial soundness. This performance was possible due to effective cost management of the business, better price realization, and aggressive marketing.
- Seeing the tremendous growth and seeking new opportunities, the Company entered into the business of Mining and quarrying and thus acquired mining land near Kekri in Ajmer District for the mining of Granite, Marble, and other stones.
- The Company recorded a Net Profit of Rs. 1286.59 Lacs in FY 2022-23 on the y-o-y basis as compared to a profit of Rs. 672.61 Lacs in FY 2021-22.
- The company entered into a MOU with the Rajasthan Government. The company’s manufacturing facilities are located in Rajasthan and are well-equipped with the required facilities to facilitate a smooth manufacturing process.
- During the year under review, the Company registered revenue of Rs 14640.09 lacs as against revenue of Rs 9736.68 lacs during the preceding financial year.
Negatives
- The company is exposed to the risk of prices/ rates of Rooms. These prices may be influenced by factors such as supply and demand i.e. inflow of tourists and the seasonal effects, and regional economic conditions.
- Unfavorable changes in government policies and the regulatory environment can adversely impact the performance of the sector. Retrospective policy changes and regulatory bottlenecks may impact profitability and affect the attractiveness of the sector and companies operating within the sector.
- The increase in competition can create pressure on margins, market share, etc. However, by continuous efforts to enhance the brand image of the Company by focusing on, quality, cost, timely delivery, and best customer service and by introducing a new product range commensurate with demand, the Company plans to mitigate the risks so involved.
- Any increase in interest rate can affect the finance cost. The company’s dependency on interest-bearing debt is reasonably low therefore risk on account of any unforeseen hike in interest rate is very nominal.
- The company had negative earning growth (-85.5%) over the past year, making it difficult to compare to the machinery industry average (33.3%).
Warren Buffett Checklist
| Factor | Value |
| Economic Moat | Moderate |
| Growth | Good |
| Valuation | Good |
| Debt | Moderate |
| Integrity | Good |
Summary
Based on above evaluation the company have low multibagger properties.
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