You will always have a fearful crowd in any market. Euphoria manifests itself in high liquidity, incredulous valuations, ultra positive views on TV and youtube from market commentators, a growing disconnect between price and fundamentals, and scant regards to earnings (stocks barely correct even after poor results and when they do they recover within a few weeks). And current market ticks all the boxes.
Posts in category Value Pickr
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (31-07-2024)
(post deleted by author)
Modison metals (31-07-2024)
I attended Modison AGM, sharing notes below.
1. At the last AGM, we were expecting to reach 410 cr. in FY25 which we already accomplished in FY24 and we are now expecting to reach 475 cr. in FY25. Congratulations for the very good growth. Can you tell us what drew growth in FY24 and do we now envisage reaching 1000 cr. earlier than FY30?
Strong order pipeline, confident of reaching 1000 cr. target by FY30
2. In FY23, we did 249 cr. from LV and 86 cr. from HV. Can you provide a sales breakup between HV and LV contact segments in FY24.
312 cr. LV, 92 cr. HV in FY24. Expect this mix to be similar in future.
Additionally, working on product diversification
3. What was the volume growth in HV and LV segments in FY24?
10% LV volume growth
HV volume growth difficult to quantify
4. We have done well in export markets and have been mentioning opportunities from our large customers as part of China+1. We also see advances from customers increasing from 4.1 cr. in FY22 to 13.57 cr. in FY24. Can you tell us the potential of growth in export markets, and the Chinese competition?
Export growth 26%
Automation investments will decrease cost of operations and improve competitive abilities vs Chinese suppliers
Continuous expansion in exports
Good orders from export customers
5. We were trying to move into supplying entire assemblies to our big customers which would have contributed to our margins. How is that going?
May get some advantage in FY25
6. We were earlier discussing increasing our business with Polycab. Have we started supplying commercially to them?
Has been dropped
7. With our current brownfield and greenfield expansions, how much capacity will we be adding in LV and HV segments? And will they be enough for reaching 1000 cr. revenues?
8. When will our new capacities come onstream?
Greenfield is almost completed
Capex done in FY24 for growth in next 2-3 years
9. Can you talk about our R&D initiatives in nickel and other alloys?
Doing R&D to introduce import substitution products
Improved EBITDA margins despite huge volatility in silver prices
Disclosure: Invested (position size here, no transactions in last-30 days)
FSN E-CO Nykaa (online service) (31-07-2024)
Next ZOMATO?
The weekly chart is displaying positive momentum, while the monthly chart is starting to show signs of strength
With a promoter holding of 52.2%, institutional investors (FII and DII) owning a combined 28.77%, and public shareholding at 19.02%.
DII have been steadily increasing their holdings over the past year, indicating growing confidence in the company’s performance and future potential.
Companies With First ever concalls OR Investor Presentations (31-07-2024)
First Ever Presentation by Concord Control Systems:
Fine Organics – Niche Player in Specialty Chemical (31-07-2024)
Below are the Q1FY25 results, Reference
Pricol limited – OEM automotive (31-07-2024)
Very good results by Pricol.
The numbers are reflecting what management was mentioning in last few concalls. Product transition from mechanical to electromechanical and to TFT thereby increasing value addition and per vehicle contribution
Electrosteel Casting – Ductile Pipe King (31-07-2024)
Outstanding numbers 
Hitesh portfolio (31-07-2024)
This is not Euphoria since many people are expecting the market to crash. Many people are fearful and waiting in the sidelines to deploy more money. Just my 2 cents.