Looks like 15 August holiday and investor presentation saved the ticker from a circuit down. The presentation shows some positives. 2W PAR seems to have recovered and Microfinance PAR is steady, lending some credence to this being a book cleaning exercise with one time recognition of impairment expense, similar to what they took post demonetization. They have also given a tabular breakdown of amount due and collected per lending segment. The dues haven’t climbed between may and june 2024
Posts in category Value Pickr
Aptus Value Housing : Is valuation justified or just another HFC? (16-08-2024)
I didn’t say they will go for QIP. My statement was “I won’t be surprised if they announced a QIP”. So it’s just a speculation and there is nothing to disagree with :). In stock market one thing I have learnt, the hard way, is never to be sure of one’s opinion and be ready for surprises.
Samhi Hotels – Turnaround with Tailwinds (16-08-2024)
Hi everyone, I have featured SAMHI Hotels in the most recent issue of my newsletter. The post explains:
a) the business model (in brief)
b) impact of the IPO on current financials esp. Q1FY25
c) future outlook (until FY27)
d) comparison with peers
e) some macro but important parameters to consider
The response to this post has been very good and over 10,000 of my subscribers have read it in the first 24 hours. Hope you like too.
Link: Hidden Profit of ₹236 Crores Triggers SAMHI Hotels Turnaround
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Piccadily Agro Industries Ltd (16-08-2024)
Radico is the biggest player in UP Country liquor markets and they have substantial share in CSD business which is primarily Rum and regular whiskies. Yes they are preimiumizing their portfolio by launching more and more brands in premium segment but getting success is tough . Jaisalmer competes with Bombay sapphire , Tanqrey , Gordons , Rokus of the world . Radico has launched another Single Malt Sangam .buts its going to be tough to gain shares and if UKFTA comes through than competition would be tough.
Majestic Auto – An Undiscovered Real estate/Facility Mgmt Stock (16-08-2024)
One latest YouTube video covering this company
क्यों कर सकती है ये कंपनी BUYBACK या DELISTING🤫#investmentmantra
I hope you find it useful
Long term investment strategy (Buy, hold but don’t forget) (16-08-2024)
Hi @meekinvestor , i still find value in Sanghvi Movers at current rate, reason for exiting is I have other better investment available to allocate capital, Sanghvi has seen a fall of 40% from ATH, underperformance is only reason to sell.
Apeejay Surendra Park Hotels – Potential Value Unlocking (16-08-2024)
Have visited Park Hotel in Navi Mumbai (Owned) and The Park Calangute Goa (managed). While the Navi Mumbai property averaged 88-90% occupancy in May, the Calangute property was consistently booked at 100%. Q1 occupancy rates would be published today.
Revenue is a function not only of the number of keys but also the ARR of the new rooms coming up. The room expansion will happen in a phased manner during FY25, however with Flury’s expansion and an ARR increase of ~5%, we can easily build in a 10-12% growth rate. PAT will be significantly higher since interest cost savings of Rs 15 cr per quarter will accrue from Fy25 onwards.
RHI Magnesita India Limited ( Orient Refractories ) – Speculation cum special situation (16-08-2024)
Hi, I am no longer invested in the company, so have not tracked the results.
3B Blackbio DX Ltd (16-08-2024)
It will be interesting to see if 3b can manufacture mpox detection kit. I couldn’t find any India based manufacturer for mpox.
Karnataka bank – private bank @ public sector valuation (16-08-2024)
Key points to watch out
- Expansion into other states: They have a stated position of a 50:50 branch mix between Karnataka and other states
- Efficient deployment of the recent capital raise program
- Improvements in technology infrastructure and revamped org structure (dedicated segment leader roles for Retail, MSME)
- Trajectory of historical NPAs and how its coming down
- 1,00,000 Cr advances by FY26 from current of 75,000 Cr
Disc: Invested.