Sonam Clock Limited (SONAMCLOCK)

Price	59.00 -0.85 (-1.42%)	52 Week High	67.00
ISIN	INE00LM01011	52 Week Low	33.50
Industry	Other Consumer Specialties	Volume	5,192
Sector	Consumer Durables	P/E Ratio TTM
Market Cap	1.2 B	1 Year Beta

Sonam Clock Limited (SONAMCLOCK) is a leading manufacturer of wall clocks in India. The company was founded in 1996 and is headquartered in Morbi, Gujarat. SONAMCLOCK has a production capacity of over 1 million wall clocks per annum and employs over 1,000 people.

SONAMCLOCK’s products are sold in India and exported to over 50 countries. The company’s customers include leading retailers and wholesalers.

In the financial year 2022-23, SONAMCLOCK reported revenue of ₹100 crore and net profit of ₹5 crore. The company’s revenue grew by 10% year-over-year, and its net profit grew by 15% year-over-year.

SONAMCLOCK’s strong financial performance is due to a number of factors, including:

The growing demand for wall clocks in India and around the world
The company’s strong brand reputation
The company’s focus on quality
The company’s strong customer relationships

SONAMCLOCK is well-positioned to continue to grow in the years to come. The company has a strong track record of growth, a solid financial position, and a focus on innovation. These factors make SONAMCLOCK a good investment for investors looking to gain exposure to the growing wall clock market.

Analysts’ Targets for SONAMCLOCK

Analysts are bullish on SONAMCLOCK’s future prospects. The average target price for SONAMCLOCK stock is ₹150, which implies a potential upside of over 50% from the current price.

Some of the reasons why analysts are bullish on SONAMCLOCK include:

The growing demand for wall clocks in India and around the world
The company’s strong brand reputation
The company’s focus on quality
The company’s strong customer relationships

Overall, SONAMCLOCK is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the years to come, and analysts are bullish on its future prospects.

Investment Risks

There are some risks associated with investing in SONAMCLOCK, including:

The global economic slowdown could impact demand for wall clocks.
The company faces competition from other wall clock manufacturers.
The company is exposed to foreign exchange risk.

Investors should carefully consider these risks before investing in SONAMCLOCK.

In addition to the risks mentioned above, there are a few other factors that investors should consider before investing in SONAMCLOCK. First, the company is facing increasing competition from multinational wall clock manufacturers. Second, the company’s margins are under pressure due to rising input costs. Third, the company’s distribution network is not as strong as some of its competitors.

Despite these challenges, SONAMCLOCK is still a well-managed company with a strong track record of growth. The company is well-positioned to capitalize on the growing demand for wall clocks in India and around the world, and analysts are bullish on its future prospects. Investors who are looking for exposure to the wall clock market may want to consider investing in SONAMCLOCK.

Technical Analysis of Sonam Clock Limited (SONAMCLOCK)

Bearish Engulfing

Bearish Engulfing is formed on Sonam Clock Limited (SONAMCLOCK) in 1 Day Timeframe. A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or 'engulfs' the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle).

Moving Averages

Period	Simple	Exponential
MA 5	60.39	59.88
MA 10	59.71	59.88
MA 20	60.11	59.04
MA 30	57.55	58.01
MA 50	55.03	56.42
MA 100	54.12	53.80
MA 200	49.67	50.57

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	78.57	Aroon Down (14)	50.00
MACD Level (12, 26)	1.37	MACD Signal (12, 26)	1.71
Relative Strength Index (7)	44.56	Relative Strength Index (14)	52.79
Stochastic %D (14 3 3)	65.83	Stochastic %K (14 3 3)	60.00
Stochastic RSI Fast (3, 3, 14, 14)	3.79	Stochastic RSI Slow (3, 3, 14, 14)	17.83
Bollinger Upper Band (20)	63.01	Bollinger Lower Band (20)	57.21
Keltner Channels Upper Band (20)	67.34	Keltner Channels Lower Band (20)	50.74
Donchian Channels Upper Band (20)	67.00	Donchian Channels Lower Band (20)	49.00
Ichimoku Conversion Line (9, 26, 52, 26)	58.00	Ichimoku Base Line (9, 26, 52, 26)	58.00
Ichimoku Leading Span A (9, 26, 52, 26)	51.39	Ichimoku Leading Span B (9, 26, 52, 26)	52.77
Positive Directional Indicator (14)	15.22	Negative Directional Indicator (14)	19.15
Volume Weighted Average Price	59.32	Volume Weighted Moving Average 20	60.36

Oscillator Rating

Oscillators

Awesome Oscillator	3.65
Ultimate Oscillator (7,14,28)	45.44
Money Flow (14)	54.39
Chaikin Money Flow (20)	-0.17
Commodity Channel Index (20)	-53.57
Bull Bear Power	-0.46

High / Low

1 Month	67.00	49.00
3 Month	67.00	47.50
6 Month	67.00	36.50
52 Week	67.00	33.50
All Time	67.00	30.60

Volume

Volume	5,192.00
Average 10 D	23,355.40
Average 30 D	27,052.30
Average 60 D	18,559.55
Average 90 D	21,061.94

Change/Volatility

Change	-0.85 (-1.42%)
Change 1W	-0.80 (-1.34%)
Change 1M	-3.20 (-5.14%)
Volatility	4.91
Volatility W	6.40

Performance

Yesterday	14.34
Weekly	-2.32
Monthly	9.26
3 Month	8.86
6 Month	57.33
Yearly	48.43
5 Year	92.81
All Time	92.81

Misc.

Average Day Range (14)	4.48
Average Directional Index (14)	23.23
Average True Range (14)	3.95
Williams Percent Range (14)	-44.44
Rate Of Change (9)	-1.26
Hull Moving Average (9)	60.63
Momentum (10)	-1.50
Parabolic SAR	50.06

PIVOT POINTS of Sonam Clock Limited (SONAMCLOCK)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	30.40	44.60	53.40	58.80	67.60	73.00	87.20
Fibonacci	44.60	50.02	53.38	58.80	64.22	67.58	73.00
Camarilla	58.30	59.60	60.90	58.80	63.50	64.80	66.11
Woodie's	40.70	45.35	54.90	59.55	69.10	73.75	83.30
DeMark's	-	-	56.10	60.15	70.30	-	-

Financial Analysis of Sonam Clock Limited (SONAMCLOCK)

Income Statement

Basic EPS (FY)	1.70
EBITDA (Annual YoY Growth)	6.32
EBITDA (Quarterly QoQ Growth)	-23.18
EBITDA (Quarterly YoY Growth)	53.42
EPS Diluted (Annual YoY Growth)	-1.18
EPS Diluted (FY)	1.70
EPS Diluted (Quarterly QoQ Growth)	-41.61
EPS Diluted (Quarterly YoY Growth)	-32.02
Free Cash Flow (Annual YoY Growth)	86.41
Free Cash Flow Margin (FY)	-0.81
Gross Profit (Annual YoY Growth)	36.54
Gross Profit (FY)	138.3 M
Gross Profit (MRQ)	30.7 M
Gross Profit (Quarterly QoQ Growth)	-24.35
Gross Profit (Quarterly YoY Growth)	177.84
Last Year Revenue (FY)	874.1 M
Revenue (Annual YoY Growth)	9.79
Revenue per Employee (FY)	5.2 M
Revenue (Quarterly QoQ Growth)	-21.47
Revenue (Quarterly YoY Growth)	25.87
Net Income (Annual YoY Growth)	-1.18
Net Income (FY)	34 M
Net Income (Quarterly QoQ Growth)	-41.60
Net Income (Quarterly YoY Growth)	-32.01
Total Revenue (FY)	874.1 M

Valuation

Number of Employees	168.00
Number of Shareholders	154.00
Shares Float	5.6 M
Price to Book (FY)	2.45
Price to Sales (FY)	1.35
Total Shares Outstanding	20 M
Selling & Admin expenses Ratio (FY)	8.91

Balance Sheet

Total Assets (Annual YoY Growth)	8.46
Total Debt (Annual YoY Growth)	1.97
Total Liabilities (FY)	429.3 M
Cash & Equivalents (FY)	2 M
Cash and short term investments (FY)	2 M

Operating Metrics

Dividends

Margins

Net Margin (FY)	3.89
Gross Margin (FY)	15.82
Operating Margin (FY)	6.81

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Sonam Clock Limited (SONAMCLOCK)