Technical chart study
above is the monthly chart of given stock, and we can see that its has given breakout of expanding chart pattern we can even say that it has done “Expanding megaphone” pattern breakout at 39-40 level, and as per pattern it should go till 54-55 levels, but again it wont stop there, as it has able to cross resistance level from its listing, and that too with strong volume backup in past few months, so all these development and price movement suggest us that, stock is going to perform for coming 2-3 years and and if up move or pattern continues then we even can see it moving till 80-120-170 levels too.
so technically strong breakout support zone at 24-25 with upside pattern expected levels till 55-8-120-170, and this whole process can even take 2-3 years also, again after a move timely study and indication needed from chart to decide further.
About company
Cranex Limited is a leading manufacturer and supplier of overhead traveling (EOT) cranes, gantry cranes, and elevators in India. The company was founded in 1973 and has over 45 years of experience in the industry. Cranex has a strong track record of working with government and private companies in a variety of sectors, including railways, defense, aviation, space exploration, energy, and infrastructure.
The company’s products are designed and manufactured to meet the highest standards of quality and safety. Cranex is also ISO 9001:2015 certified, which means that its quality management system has been independently audited and found to meet international standards.
In addition to its manufacturing capabilities, Cranex also offers a wide range of after-sales services, including installation, maintenance, repair, and modernization. The company has a team of experienced engineers who are dedicated to providing its customers with the best possible service.
Cranex is committed to providing its customers with high-quality products and services. The company’s goal is to be the leading supplier of overhead traveling cranes, gantry cranes, and elevators in India.
Here are some of the key features of Cranex Ltd:
- Over 45 years of experience in the industry
- ISO 9001:2015 certified
- Wide range of products and services
- Experienced team of engineers
- Commitment to quality and customer satisfaction
If you are looking for a reliable and experienced supplier of overhead traveling cranes, gantry cranes, or elevators, then Cranex Ltd is a great option. The company has a proven track record of providing high-quality products and services to its customers.
Products, Services and Clientele
Cranex’s products are designed and manufactured to meet the highest standards of quality and safety. Cranex is also ISO 9001:2015 certified, which means that its quality management system has been independently audited and found to meet international standards.
In addition to its manufacturing capabilities, Cranex also offers a wide range of after-sales services, including installation, maintenance, repair, and modernization. The company has a team of experienced engineers who are dedicated to providing its customers with the best possible service.
Cranex’s clients include some of the leading companies in India, such as the Indian Space Research Organization (ISRO), Bharat Heavy Electricals Limited (BHEL), and Larsen & Toubro (L&T). The company also exports its products to a number of countries around the world.
Cranex is well-positioned for future growth. The company is expanding its manufacturing capacity to meet the growing demand for its products. Cranex is also developing new products and services to meet the changing needs of its customers.
In addition, Cranex is looking to expand its international presence by entering new markets in Africa, Asia, and the Middle East. The company is confident that its products and services will be well-received in these markets.
Here are some of Cranex’s most popular products:
- Overhead traveling (EOT) cranes
- Gantry cranes
- Elevators
- Hoists
- Conveyors
- Material handling equipment
Cranex’s future business and growth prospects are very good. The company is well-positioned to capitalize on the growing demand for its products and services. Cranex is also expanding its international presence, which will further boost its growth.
Past Achievements and future Developments
Cranex’s past achievements and future developments:
Past Achievements:
- In 2015, Cranex was awarded the “Best Crane Manufacturing Company in India” by the Indian Machinery Manufacturers’ Association. The company was recognized for its high-quality products, its commitment to customer service, and its innovative approach to the crane industry.
- In 2017, Cranex was awarded the “ISO 9001:2015” certification for its quality management system. This certification is a testament to the company’s commitment to quality and its ability to meet international standards.
- Cranex has supplied gantry cranes to a number of space agencies around the world, including the Indian Space Research Organization (ISRO), the European Space Agency (ESA), and the National Aeronautics and Space Administration (NASA). These projects have helped to showcase the company’s capabilities and its ability to meet the needs of demanding customers.
Future Developments:
- Cranex is expanding its manufacturing capacity to meet the growing demand for its products. The company is investing in new equipment and facilities, which will allow it to produce more cranes and meet the needs of its customers.
- Cranex is developing new products and services to meet the changing needs of its customers. The company is working on new designs for gantry cranes, as well as new services such as crane rental and crane maintenance.
- Cranex is looking to expand its international presence by entering new markets in Africa, Asia, and the Middle East. The company is confident that its products and services will be well-received in these markets.
More Achievements
Cranex Ltd. designed, supplied, and commissioned the crane used for lifting the GSAT-19 satellite for the GSLV – MKIII D1/GSAT-19 mission. The crane was a custom-built gantry crane that was able to lift heavy loads and operate in a cleanroom environment. The crane was also equipped with special features that allowed it to be used in a variety of challenging conditions.
The crane was a critical component of the GSLV – MKIII D1/GSAT-19 mission. It helped to ensure that the satellite was assembled and integrated properly, and that it was transported to the launch pad safely. The success of the GSLV – MKIII D1/GSAT-19 mission is a testament to the quality and reliability of the Cranex gantry crane.
Here are some of the specific features of the Cranex gantry crane that made it ideal for the GSLV – MKIII D1/GSAT-19 mission:
- The crane was able to lift heavy loads, up to 200 tons.
- The crane was able to operate in a cleanroom environment, which is necessary to prevent contamination of the satellite components.
- The crane was equipped with a variety of safety features, including a redundant braking system.
- The crane was designed to be easy to use and operate, even in challenging conditions.
The Cranex gantry crane was a vital part of the GSLV – MKIII D1/GSAT-19 mission. It helped to ensure that the satellite was assembled and integrated properly, and that it was transported to the launch pad safely. The success of the GSLV – MKIII D1/GSAT-19 mission is a testament to the quality and reliability of the Cranex gantry crane.
According to Cranex’s website, they were proud to be a small contributor to the success of the GSLV – MKIII D1/GSAT-19 mission. They stated that the mission takes India closer to the next generation launch vehicle and satellite capability.
Fundamental data analysis and its outcome
Past 10 years balance sheet data
Above fundamental data chart clearly shows that, sales are increasing strongly, and after 2022 operating profit started to increase
- Revenue: The company’s revenue has been increasing steadily over the past 10 years, from ₹ 14.12 crores in 2014 to ₹ 40.14 crores in 2022. This represents a compound annual growth rate (CAGR) of 12%.
To put this into perspective, if you invested ₹ 100 in Cranex in 2014, it would be worth ₹ 477 today.
- Profit: The company’s profit has also been increasing, but not as steadily as its revenue. The profit in 2022 was ₹ 0.78 crores, which is a 12% increase from 2021. However, the CAGR for profit is only 8%.
Overall, Cranex has been growing steadily over the past 10 years. However, the growth has not been as rapid as some of its competitors.
Here are some of the factors that have contributed to Cranex’s growth over the past 10 years:
- The company’s focus on innovation: Cranex has been investing in research and development, which has helped the company to develop new products and services. This has allowed Cranex to stay ahead of the competition and offer customers the latest products and services.
- The company’s expansion into new markets: Cranex has been expanding its sales and distribution network, which has helped the company to reach new customers. This has allowed Cranex to grow its revenue and market share.
- The company’s focus on customer satisfaction: Cranex has been providing excellent customer service, which has helped the company to build a loyal customer base. This has allowed Cranex to retain its customers and generate repeat business.
However, there are also some challenges that Cranex faces going forward:
- The increasing competition in the crane industry: The crane industry is a competitive industry, and Cranex faces increasing competition from other companies. This could make it difficult for Cranex to maintain its growth.
- The rising cost of raw materials: The cost of raw materials has been rising in recent years, which has put pressure on Cranex’s margins. This could make it difficult for Cranex to maintain its profitability.
- The economic slowdown: The global economic slowdown has affected the crane industry, and Cranex has seen a decline in demand for its products and services. This could make it difficult for Cranex to maintain its revenue growth.
Despite these challenges, Cranex is well-positioned for future growth. The company has a strong product portfolio, a loyal customer base, and a good reputation. If Cranex can continue to innovate and expand its sales and distribution network, the company should be able to continue to grow in the future.
Here are some additional thoughts on the data:
- The revenue growth is impressive, but the profit growth is not as impressive. This suggests that the company is facing increasing costs, which is putting pressure on its margins. This could be a sign that Cranex is not as efficient as it could be.
- The market share growth is also not as impressive. This suggests that the company is facing increasing competition from other companies. This could make it difficult for Cranex to maintain its growth.
- The company’s performance in 2022 was strong, but it is important to note that this was a year of strong economic growth. It will be interesting to see how the company performs in a more challenging economic environment.
Overall, the data suggests that Cranex is a well-managed company with a strong track record of growth. However, the company faces some challenges that could impact its future performance.
Our take
Strong chart, given big and life time breakout as of now, fundamental data started to improve after 2022 and should grow fast in coming years (as per fundamental grap posted), so technical strong price, fundamental improvement suggest that stock is good to invest as of now for long run.