Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Sprayking Agro Equipment Limited primarily focuses on the casting of non-ferrous metals. Its business operations comprehensively cover the production, domestic sale, and international distribution of various brass goods. The company's extensive product line features components for agricultural machinery, alongside a wide array of plumbing and flare & compression fittings. Within its agricultural segment, Sprayking supplies numerous sprayer parts, including foot, gun, HTP, knapsack, marut, rocker, and stirrup models. For plumbing and fluid connection applications, the firm manufactures brass adapters, bushings, caps, couplings, crosses, elbows, inserts, lock nuts, nipples, and diverse nuts. Established in 1980, the company's corporate headquarters are located in Jamnagar, India.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT