Rights Issue Announced
Record Date: 27-07-2024
Issue Date: 5-8-24 to 19-8-24
Amount: 2997 Crores.
Rights Pricing: 818 Rs, Entitlement of 26 shares to 1 share. Below 26 shares no entitlement.
Posts in category Value Pickr
Tata Consumer Products Limited (TATACONSUM) (23-07-2024)
Budget-24 Sector Investing Discussion (23-07-2024)
-
Ministry of Road Transport and Highways- Nitin Gadkari- ₹544128Cr
-
Ministry of Defense- Rajnath Singh- ₹454773Cr
Highest Budget Allocation Ke Hisab Se Apako Konasa Stock Nivesh Ke Liye Sahi Lagata Hai Please Muje Ray Dijiye
Mann’s Portfolio (23-07-2024)
Hello VP members,
Have not updated PF in a while here,
Hence updating it after almost 5 months.
2 out of top 3 position still remains same
- SKP Bearings
- Creative Newtech
- Kontor Spaces
- AVG Logistics
- Mold – Tek Technology
- Galaxy bearings
- Misc. (10% – 5 stocks)
Added Kontor due to Co-working tailwinds → Check the write up of mine in on VP
AVG Logistics → they are trying to be the first asset light logistics company, they are doing work in cold chain logistics in Nagpur and Odisha, there’s some major subsidy for set up and post that there’s high margin (28%) for the business,
if they scale up quickly like they are promising they must be trading at 1.25x PEG
Let me know views if any
Shriram AMC – Waking up after a hibernation. Mcap 300cr (23-07-2024)
AUM crossed 750crs as per their latest appearance on CNBC – https://youtube.com/watch?v=Xk6BfuefV9k&feature=shared. AUM of July24 to be looked at.
They have again started hiring as per linkendin post – https://www.linkedin.com/posts/chetan-doshi-7743512a_hiring-for-shriram-asset-management-company-activity-7220408068897968128-zumM?trk=public_profile. June24 employee count @ 59.
Have hardly gathered 18crs of AUM in their recent NFO Liquid ETF. Anyways, volumes have started increasing.
Valuations not cheap now 
. Press release to enter PMS biz supporting valuations.
HDFC Life Insurance Company (23-07-2024)
After going through your reply, I have understood that, HDFC LIFE was trading at premium valuations before 2022 i.e. P/B > 10 most of the time. This has attributed to poor returns if someone has purchased it 2-3 years back.
Though I purchased it during downside in 2022-23, still my returns are poor.
May be, going forward, with relatively lower valuations in terms of Embedded Value Vs Price, it may generate moderate returns.
No one knows until it happens.
Disc: Invested from lower levels of 2022-23.
Vaibhav Global ~ Vertically integrated value e-tailer of Jewellery and Lifestyle Products (23-07-2024)
Going by numbers shown in screener.in, here is what I see:
10 year Compounded Sales Growth: 9 %
10 year Compounded Profit Growth: -1 % (negative)
10 year Stock Price CAGR: 6 %
10 year is a good time to evaluate a business.
Considering Sales and profit numbers, Why are we (including me) hoping this company can turn around ? Or is this pure potential business on the cusp of capturing newer geography or newer segments of business ? Geography-wise yes, I know VGL has plans to get into Japan, India. But what potential if it is not able to perform in US and UK markets ? Newer segments, yes, they are trying to get percentage of non-jewellery business significantly, but again, I doubt if it is anything game changer. I would love to get it wrong, but does not look so at the outset.
Also we keep hearing from Management that their priority is about High margins. Here again we see OPM numbers for last 2 fy as 7% and 9%. Maximum OPM number is seen during FY2021 at 15%.
Again am I reading something different ? What margins Management is referring to ? If the subscription costs are very high, which company cannot control, then what is the point ?
Also, with these sales and profit numbers, how come we see 10 year Return on Equity as 19% ?
FREE Excel Template for Screener.in (23-07-2024)
Mere Pass Kucha popular Excel sheet hai Agar Kuchh copyright ki problem Na Ho To Main yahan per share karu
ASM Technologies – Engineering innovation (23-07-2024)
Not many things were discussed in AGM.
Overall they are saying lot of NDA with suppliers, so they cannot disclose many of the things.
One interesting development was founder of HHV also spoke during AGM on behalf of the joint venture company, he was saying lot of product qualifications are going through and they will scale up manufacturing once these things are completed. Rabindra said Forms & Gears doing trials for Aerospace industry, this is a new segment company trying to enter.
Annapurna Swadisht Ltd – A Swadisht FMCG investment? (23-07-2024)
There was an interaction with Arihant Capital Bharat Connect Conference in April 2024 : https://www.youtube.com/watch?v=FKiEB78ieKA
Check 42:06 timestamp, management mentioned total 550-600 Cr guidance for FY25 , including 70-100 Cr for oil business acquisition which got scrapped. So then the targeted number is 450 Cr -480 cr maybe. Current annualized run rate is already 360 Cr vs 265 Cr in Fy24. H1 results might provide a better idea for FY25 trajectory.