Latest protfolio of value investor ayush mittal

Discussion in 'Portfolios Of Famous Investors' started by Praisesingh, Nov 15, 2015.

  1. Praisesingh

    Praisesingh New Member

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    Refer the annual report of associated alchols & BREWRIES ltd fy 15 shows that Satya Prakash Mittal has bought 54000 shares in fy 15 the half yr result has proved that company cam show consistent profit and growth and able to maintain an opm of above 12% the top line can grow on the historical basis even though this two qtr is stagnant the floating shares is less than 20 l only with promoter holding 58% and two entities holding 17% so out free float ayush Mittal is holding more than 2% compare to gm breweries this valuvation seem attractive. Now it is clear that these big investors tell something but they go ahead and buy at lower price
     
  2. Tilak Sharma

    Tilak Sharma New Member

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    Yes you are correct sp mittal holding 54000 as per fy15 AR
    Also when you put the following in the screener.in this only company screened
    3yr sales growth> 7yr sales growth
    3yr profit growth > 7 yr profit growth
    3yr sales growth> 20
    3 yr profit growth> 40
    Debt to equity < 0.7
    5yr sales growth> 20
    5 yr profit growth> 50
    ROE> 15
    Roce> 15
    Roic > 20

    ROA> 13
    PRICE TO CASHFLOW < 10
    MARKET CAP TO SALES < 0.5
    Industry pe> 30
    Opm> 10
    Dividend last yr > 0
    Change in promoter holding in 3 yr > 2
    Promoter holdings> 55
    Pledged percentage <
    Try this in screener than we will know the value
     
  3. good stocks

    good stocks Active Member

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    Tilak Sharma Ji .. Pl z mention the name of the screener... Web adderss of the screener.. Thanks
     
  4. Tilak Sharma

    Tilak Sharma New Member

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    After seeing the half yearly result there is following points
    For growth
    3 year sales / profit growth > 7 yr sales / profit growth this will show that a longer period time the growth is sustainable and there is no negative growth in 7 years

    For returns
    Average ROE 3yr > 12 and TTM ROE > 17%
    AVERAGE ROA 3yr = 10 and TTM ROA > 13.5%

    For capital
    Average ROCE 3 yr > 11.5% and TTM ROCE > 16%
    ROIC > 18%
    Days receivable in outstanding < 40
    Inventory days < 40
    Current ratio > 1

    Debt management
    Debt< Debt 3 yrs back DER < 0.7 Z SCORE > 2.9

    Capex growth
    Net block > Net block 3yrs

    Promoter
    Holding increased in last 3 yrs by open market > 5.5
    No dilution no bonus no pending warrant no preference capital

    Sector

    Has problems with government but potential to grow

    Promoter quality

    Not fully known but no history of non compliance no pending investor compliant and dividend started
    No web site
    go to the below link and see the image black dog triple reserve label clearly shows the sub lesse as associated alchols



    [​IMG]
    Pasted image1151x1560 1.47 MB


    LIST OF BRANDS OF FOREIGN LIQUOR REGISTERD FOR SALE AND/OR MANUFACTURE
    Name of the brand Kind of liquor Manufacturer Country of
    manufacture Bottle Capacity Strength Primary
    Legend
    Secondary Glen Drummond Single
    Malt 8 Years Ols
    Scotch Whisky (With
    Frong Label &
    inscription "Export" in
    back label)
    Whisky
    Associated Alcohols &
    Breweries Ltd., Barwaha,
    Dist. Khargaon , Madhya
    Pradesh
    Italia 750 42.8% V/V


    Royal Crown Raro
    Deluxe Whisky(With
    Frong Label &
    inscription "Export" in
    back label)
    Whisky
    Associated Alcohols &
    Breweries Ltd., Barwaha,
    Dist. Khargaon , Madhya
    Pradesh
    Italia 750 4.8% V/V
    1412 Shark Tooth Extra
    Vodka Vodka

    M/s. Diageo India Pvt. Ltd.
    Lessee at Associated
    Alcohol & Breweries Ltd.,
    Khodiram, Barwah, Dis.
    Khargone, M.P. - 451115
    India 750(Front &
    Back Label ) 42.8% v/v
    from the above it is clear they are bottelrs for glen drummond single malt justin raro high qualtiy premium whisky blend, and black dog whisky and extra fine tripple distelled shark tooth vodka sub lesse for diageo
    but why is the company hestitaing to show this in the website
     
  5. adrian007

    adrian007 New Member

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    Associated Alcohols and Breweries (AABL) is one of the largest distilleries in India and the flagship company of the Associated Kedia Group – a Rs. 100 crore liquor conglomerate with interests in liquor manufacturing and bottling. The company was set up by its founder Chairman -- the Late Bhagwati Prasad Kedia. Incorporated in 1989, AABL took over the existing distillery of the promoter group in 1990 and expanded activities into manufacturing of highest grade liquors. Extra Neutral Alcohol is a vital ingredient in the making of an alcoholic beverage. AABL supplies this vital ingredient to many leading manufacturers under a special agreement. In the IMFL segment, the company has an understanding with reputed companies like Diageo (owner of brands like Smirnoff vodka and Johnnie Walker Scotch Whisky), Mason and Summers and Diageo-Radico. These companies buy a total of 55-60% of the total IMFL produced by AABL. The balance production is used for direct supplies to the branded suppliers across the country, apart from manufacturing its own branded products.

    AABL's distillery is located in Khodigram, in the Khargone district of Madhya Pradesh. It has a present distillation capacity of 42 MLPA. The distillery is presently undergoing a series of transformations that will result in increasing its expanded capacity to 65 MLPA. AABL supplies Extra Neutral Alcohol (ENA), a vital ingredient, to many leading manufacturers under a special agreement. In the IMFL segment, the company has an understanding with reputed companies like Diageo (owner of brands like Smirnoff vodka and Johnnie Walker Scotch Whisky), Mason & Summers and Diageo-Radico. AABL has for long been recognized as one of the finest suppliers of high quality ENA in the Indian market. The company's relationships with leading international and national brands bear ample proof.

    AABL has chalked out a huge greenfield expansion plan to capture domestic and international demand and serve all the segments of alcohol ranging from country liquors to IMFL. This plan includes setting up a multi-pressure ENA plant, a collector plant, a Reverse Osmosis Water Treatment Plant and a 2 MW power plant. AABL is setting up a multi pressure ENA plant. This plant will completely replace the older plant and increase its production capacity from the present 42 MLPA to 65 MLPA. The multi-pressure ENA plant cuts down the stages in the manufacture and thus improves process efficiency.

    Business areas of the company:

    AABL is engaged in the business of bottling vodka and scotch whisky for large reputed international brands. AABL is also one of the only liquor companies bottling single malt scotch whisky (Glen Drummond) for the leading liquor group Mason & Summers. AABL has a ten line bottling operations in two different sections. It packs about 45,000 cases per month and has a production capacity of around 42 million litres per annum (MLPA).

    Brands:

    • London Bridge gin
    • James McGill whisky
    • Red & White whisky
    • Bombay Special whisky
    • Jamaican Magic rum


    - See more at: http://www.moneyworks4me.com/indian...s-brew/company-info#about-company-anchor-link

    This is from moneyworks4me
     
  6. adrian007

    adrian007 New Member

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  7. pankaj shah

    pankaj shah New Member

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    where is the total portfolio of Mr. Mital
     
  8. Tilak Sharma

    Tilak Sharma New Member

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    The company has come out with fully functional website
    http://www.associatedalcohols.com/
    They have clearly mentioned the own brands licences brands and bottling brands and capacity this gives now a clear picture
    Mr Pankaj I don't know about Ayush Mital but if you see the top ten share holders in annual report 2014/15 you can see one Satya Prakash Mital huf holding 54000 shares at the end of fy 2015
     
    SURENDRA BABU likes this.
  9. Tilak Sharma

    Tilak Sharma New Member

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    Pankaj now Ayush Mittal has clarified that he has exited the company because of the accounting problems were they have shown a huge employee cost of 16 cr in fy 15 and 6 cr as related party salary very clear fudging of numbers in PL
     
  10. Epicram

    Epicram Member

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    I am very grateful to have this thread with me containing experts views on market conditions.
     
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