I believe it’s the issue with the formula in the Screener. In Screener formula for DIO is ‘Annual Inventory / Annual Material Cost * 365’, Looking at Likhita Infra’s FS we can see their Inventory is 6,829.81 out of which 6,620.88 is WIP. WIP loaded with other OH so we have to include Cost of materials and Construction exp which adds upto 25,473. If use only the Material cost of 5,844 we would have inflated DIO.
Posts in category Value Pickr
Best value-investing magazines (18-05-2024)
My bet is on only 2 – Wealth Insight and MoneyLife.
Both are simple, straightforward and no nonsense magazines.
Relatively very cheap lso for online version.
I hope this helps you.
dr.vikas
Microcap momentum portfolio (18-05-2024)
Update for entry on 21st May 2024
50DMA (19925) > 200DMA (18046); hence, we can continue without any change.
Based on ranking:
- KIRLOSENG
- KPIGREEN
- PURVA
- IFCI
- NETWEB
- VOLTAMP
- KESORAMIND
- KIRLOSBROS
- ELECTCAST
- ARVIND
- CHOICEIN
- TIMETECHNO
- STAR
- ANANTRAJ
- TECHNOE
- MOIL
- NEWGEN
- MSTCLTD
- INGERRAND
- BASF
- WOCKPHARMA
- BALMLAWRIE
- THOMASCOOK
- RTNPOWER
- GANESHHOUC
Based on A → for easy tracking:
- ANANTRAJ
- ARVIND
- BALMLAWRIE
- BASF
- CHOICEIN
- ELECTCAST
- GANESHHOUC
- IFCI
- INGERRAND
- KESORAMIND
- KIRLOSBROS
- KIRLOSENG
- KPIGREEN
- MOIL
- MSTCLTD
- NETWEB
- NEWGEN
- PURVA
- RTNPOWER
- STAR
- TECHNOE
- THOMASCOOK
- TIMETECHNO
- VOLTAMP
- WOCKPHARMA
Exits:
ITDCEM, SANGHVIMOV and TARC exit.
TVSHLTD stays within the top 30 and hence remains.
Entries:
INGERRAND, MOIL and THOMASCOOK enter.
RTNPOWER cannot enter as there is no vacancy.
Smallcap momentum portfolio (18-05-2024)
Thank you for the same. Is the ranking / order mentioned above is correct or is it different in your list?
Deep Industries (DIL) (18-05-2024)
Management is very confident about ~ 25% yearly growth and maintained overall EBITDA margin ~ 42% + in next 2-3 years
Mudit’s Portfolio (Stage Analysis + Relative Strength) (18-05-2024)
Thanks for the data, couple points – 5 year data is of not much relevance as its not even one cycle.
As rightly said by your last statement, during bulls the difference will be big…its the bears and the bulls thereafter which matters and hence 5 years is of not much relevance.
Second, it is impossible to switch to next best performing fund every year. These are not businesses one can track. So best possible result any mortal can get is by forming a basket and hope that basket holds best performing funds every year…but will that workout over 10-20 years or more is important because any time frame less than that is for the boys to have some delta fun…just my thoughts and I maybe wrong!
Microcap momentum portfolio (18-05-2024)
@Anand_Jain Matches in terms of total stocks, but I see some differences in ranking. Will post mine.
Microcap momentum portfolio (18-05-2024)
@stuti_agarwal I see some differences between my list and yours. Will post mine.
Hindustan Aeronautics (HAL)- India’s Largest Defense Company (18-05-2024)
Phenomenal Investor Call Yesterday! Putting a few important pointers as I noted during the call
- Highest Revenues at 30238 Crores-13%
- Strong Pipeline.
- Manpower cost reduced to 23% from 2019 to 17% of revenue further reduction to 15% by next year. (My opinion is this means margins may be sustainable in this band)
- Overhead cost reduction from 8% to 3.5%.
- Reduction in inventory from 359 days in 2018 to 159 days now. Will not be reduced further.
Initiatives for growth
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Capability and Capacity building.
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New factory for LCA Tejas operational from October 24
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Capex of 3000 crores per year for 5 years- total 15000 crores
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IMRH and GE TOT deal require capex
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50,000 ton hydraulic press launched
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Self relaince and indigenious technologies needed to reduce need for foreign sources, Reduce licence production
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4000 crores R&D for IMRH. 2000 Crores for Naval LCH
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Tremendous oppurtunities for exports
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15% PAT for R&D to enhance capabilities.
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End to End Solution provider for Aeronautical solutions
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Order Book is 94,000 crores. 12000 crores addition even after sales of 30000 crores. Engines-ALH, Navy Dornier upgrade.
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Order book 47000 crores should materializes this year. 1.20 Lakh crores by next year even after sales.
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Important is various lines of ALH, LCA MK-II and LCH etc total AON of 1.6 Lakh crores is done. Orders will flow in 18-24 months. This is over and above the 47000 crores order for FY-25
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This will keep manufacturing lines occupied till 2032.
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FY25 -deliver of LCA MK-1a and LUH
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FY26 -HTT40, Civil Trainer
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FY-27: Marine Helicopter, LCA MK_II, Medium role aircrafts.
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Safran IMRH and GE TOT new engines in next few years.
Disclosure: Own in Family Accounts since last year.
Smallcap momentum portfolio (18-05-2024)
@hariharancj Same dates considered for look back.