Indsil Hydro Power and Manganese Ltd Stock Research

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Indsil Hydro Power and Manganese Ltd Detail

Indsil Hydro Power and Manganese Ltd is in portfolio of Anil Kumar Goel. He is one of the top investors in India. The company belongs to Power and Mining sector.

As per the Company website it is in business of specialty alloys and  low cost, high quality supplier in the global low carbon silico manganese industry. Below are different plants of the Company along with product they manufacture.

  • Low Carbon Silico Manganese¬†
    • Created in two plants one located in Palakkad, Kerala and second one located in Raipur, Chhattisgarh.
    • The capacity of first plant mentioned above is 14,000 TPY and second plant is 19,200 TPY
  • Hydro Power
    • Located in Rajakkad Kerala. It has capacity of 21 MW
  • Thermal Power
    • Located in Raipur, Chhattisgarh. It has capacity of 12 MW and is based on Coal
  • Ferro Chrome
    • Situated in Oman (Middle East Asia Country). It has capacity of 75,000 TPY.
  • Ferro Silicon
    • Located in Vizianagaram, Andhra Pradesh. It has capacity of 7,200 TPY.
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Ferro Chrome manufactured in Oman is major product from the Company. It is mainly used in Stainless Steel manufacturing. Most of the products from Company are used mainly in Stainless Steel production. Manganese products are also used in Foundry activities.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Indsil Hydro Power and Manganese Ltd Stock Performance

The stock has fluctuating performance over the years giving around 10 times return on an absolute basis.Till year 2017 the stock failed to go past 50 mark. Though it touched the price point more than one time in past. It did retraced back after touching the price point.

Majority of return have come in last one year or so. The stock zoomed close to 200 mark in recent times and retraced back from that price point. The long term performance graph makes it a cyclic stock.

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Indsil Hydro Power and Manganese Ltd My Opinion

Indsil Hydro Power and Manganese Ltd is a metals and power Company. It has one hydro power and one thermal power plant. Along with that it has mainly Alloy manufacturing plants in India and Oman.

Most of the product from this Company are used Stainless steel creation process. So Steel creating companies are major consumer of raw materials from this Company.Steel as a sector itself is Cyclic. The performance of Steel companies will impact this Company as well.

For example if Steel production increases so will the demand of products from this Company. The location of Oman plant will help it cater international players which will improve profitability of the Company.

I would not track this Company. I am not interested in Steel sector. It is saturated sector and continuous growth is hard to come by. The fortunes of this Company are tied with Steel sector so it is difficult for it to grow at consistent rate.

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In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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