yes,you are right profit is 26cr
Posts in category Value Pickr
Equitas Small Finance Bank: A Profitable lender to small businesses (27-07-2024)
I think ppop is pre provisions operating profit. Provisions will be deducted from this to get profit for the period. As equitas set aside 304 cr as provisions, hence profit after tax is 26 cr
IDFC First Bank Limited (27-07-2024)
JLG loans will be their excuse this time…
Set backs are part of business,
But what other word we should use for the one who deliberately lies,
‘Asset Quality and super cautious approach’ while lending is always most prominent part of every Vaidyanathan speech…
No one short sell themselves, but boasting about something which never shows in your numbers is nothing less than fraud.
SG Mart- Can it successfully create a marketplace? (27-07-2024)
Dhruv Gupta is the son of Sameer and Meenakshi Gupta. He’s still a high-schooler, that’s why no info about him.
Ceinsys Tech-Engineering, Geospatial & IT solutions Company (27-07-2024)
1b2b8540-9825-4ac2-8b45-6354736adfe0.pdf (364.7 KB)
Many triggers for ceinsys tech
•Strong order book
•Budget allocation and government focus on geospatial industry
• recently share warrants at Rs.559.9 were issued for further expansion and for putting money into their allygrow business which is also doing well.
• water industry as an overall theme is doing very well and majority of the order book of ceinsys tech comprises of water industry.
•company is owned by meghe group and B2G risk is comparatively low as meghe group is involved in government and politics.
• this isn’t a major point but the company is also improving its investor relations by posting first ever investor presentation.
Disclosure: invested from lower levels.
IDFC First Bank Limited (27-07-2024)
No one short sells themselves. Calling someone a fraud just because of one quarter results is a strech. We have to wait for earnings call to know what caused huge provisioning.
Largest holding. Have been let down by my expectations of many companies in my portfolio. Learning to take it in the stride
Equitas Small Finance Bank: A Profitable lender to small businesses (27-07-2024)
Even after high provisions
There ppop grew by 9 % YOY
Iris Business Services – Emerging SAAS Microcap (27-07-2024)
Share price on issuance date was ~245 and issuance was done at 184. Not sure how positive a development was the fact that we got diluted at much lower prices. This is a risk due to lower financial capacity of promoters and might happen in future also.
One positive is that the company can now use these funds to fuel its sales as company will be able to attend more conferences and meet more local governments in US, EU, etc. where the money is
IDFC First Bank Limited (27-07-2024)
.
Disastrous results…
Despite V.Vaidyanathan going to every forum and news channel and boasting about their use of technology and taking every possible care while lending,
Provisions have more than doubled YoY.
Now either he is a fraud or does not know what he is saying/doing.
SG Mart- Can it successfully create a marketplace? (27-07-2024)
Notes
Main promoters:
Dhruv Gupta & Minakshi Gupta are also promoters of Apollo Pipes LTD which manufactures PVC pipes & accessories.
Public shareholders:
Neera Gupta, Veera Gupta & Ashok Kumar Gupta come from Promoter group of APL Apollo Tubes Ltd.
Sanjay Gupta of APL apollo is elder brother of Sameer Gupta of Apollo Pipes
Meenakshi Gupta is wife of Sameer Gupta and Neera Gupta is wife of Sanjay Gupta.
Couldn’t find much about who is Dhruv Gupta.
QRG Investment is promoter group of Havells Ltd.
Ashok Kumar Gupta is also MD of Shalimar paints Ltd.
Sg Logistic Management Pvt. Ltd also seem related party.
Warehouses
Pune
Bangalore
Dujana
Raipur
Dilution
1,44,60,000 warrants yet to convert which will dilute with existing 11.15Cr shares which is almost 13% equity dilution will come in near future.
What I think is APL has merged APL mart idea to SG Mart.
Large market size, huge scope of revenue growth,
valuations seem little stretched, will wait for favourable time to enter.