Hi.
how to look for capital allocation in different businesses of a conglomerate business such as triveni engineering. kindly share specifically.
Hi.
how to look for capital allocation in different businesses of a conglomerate business such as triveni engineering. kindly share specifically.
Hi.
how to look for capital allocation in different businesses of a conglomerate business.
@Nimit, Your fear has come true.
Axis Bank To Buy Add'l Stake Worth ₹336 Cr Stake in Max Life Insurance, To Be Completed In 2-3 Month
Acquisition Of The Stake Would Be Crucial As Post This The Restructuring Process Would Begin
Restructuring Between Max Life & Max Financial Services
Max Life Management Yo CNBC-TV18
To start restructuring process from H2FY25
Restructuring process to have Max Fin merge into Max Life
Expect 18 months to conclude restructuring process
Max Life to be directly listed on exchanges post restructuring
Max Financial: Axis Bank To Acquire Additional Stake In Co Worth 336cr Rupees
I used to do a comparative analysis of Avanti with peers sometime back and had a very detailed sheet. I tried updating the same recently:
Here is how the things look like for the feed segment.
Avanti has been able to grow vs the peak in 2018. While every other company in the feed business has de-grown a lot. Infact if one goes deeper, one will see that others are bleeding and everyone is making losses or just breaking even…while Avanti continues to generate superb cash flows!!
This is the quality and brand power of the feed business of Avanti. They have added more capacity over last 2 years.
Just read the credit rating report of CP feeds and one will realise that they are making big losses.
Now coming to the processing division:
Similar story here. Avanti is perhaps the only one which has grown and making money. Others have de-grown and are either making losses or just breaking even.
When one talks to people in the industry then everyone says, don’t compare us to Avanti, they are way ahead and leaders in what they do!
I think in Avanti, the business quality is superb but this has become a problem for them…lol. They don’t know what to do with the free cash flows they keep generating. And this has impacted the wonderful ratios we used to see earlier.
Last 5 years have been really bad for the industry and this highlights the difference in business quality of various cos.
Ayush
good information and very intresting company ,
do they have monopoly ? or who are direct competitors ?
Also one question I would like to ask here? (Its a bit naive, don’t mind)
Why is the tax rate % for Izmo so low?
With Revenue @1000 Cr EPS to rise by ~₹16 for Q1 YoY basis and PE to be at ~52.
PAT considered at ~6%
The long term benefit will be in holding this stock than trading. A confirm multibagger. UP and Bihar will be big time business.
Disc: Invested.
Kato works is a manufacturer and so is ACE. Sanghvi movers rent out the equipment.
It’s like Maruti Suzuki who makes car. They can’t be direct threat or competition to Ola/Uber of the world.
Actually it may not be even that much. In my limited understanding about ACE, they don’t manufacture what Sanghi rents out which is typically heavy lifting equipment. There could be little overlap in what one makes and other uses but ACE is definitely not in its main suppliers list.
I guess they are not getting the valuation for Frog Data that they want. In one of the previous calls they said minimum 650cr valuation they should be able to get and deal should be closed by March 2024 max.
In the latest concall though the figure comes out to 500-550cr valuation.
Management has been consistently missing their guidance numbers as well. Maybe that’s why the market is discounting it
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