“With effect from 01 January 2023, the Company has changed its method of depreciation on all Property, Plant and
Equipment from Written Down Value (“WDV”) method to Straight Line Method (“SLM”), based upon the technical
assessment of expected pattern of consumption of the future economic benefits embodied in the assets.
Due to the aforesaid change:
o The depreciation expense is lower by Rs. 388.7 Mn for the full year ended March 31, 2024.
o The Profit after tax (PAT) is higher by Rs. 290.8 Mn for the full year ended March 31, 2024.
does that mean pat yoy is almost slightly same after dedicting 29 cr from 120 cr
Posts in category Value Pickr
Vijaya Diagnostics (09-05-2024)
Flowing Revolution – Internet (09-05-2024)
can you suggest some good companies in this internet space in India ?
Dhabriya Polywood – a history waiting to be written? (09-05-2024)
How does the business compare with newly listed peer kaka industries. Has anyone done a comparison in terms of capacities and other factors? Kaka has scaled up quite well in last few yrs. It is listed on sme in july 2023 and has similar clientele. But not sure of the brand recall of Kaka. Valuations seem similar in terms of pe at this level.
HealthCare Global – the value unlocking story (09-05-2024)
They have mentioned debt as 367Cr here but in screener.in debt is shown as 980Cr. Since there is not much change in the interest paid between quarters I dont think they have taken any fresh debt. Do you know why there is a discreprancy?
Also if any of the voard members can please shed light on how they plan to pare their debts down, it would be great. They are paying close to 110Cr as interest every year.
Kotak Mahindra Bank – Low Cost Liability Banking Franchise (09-05-2024)
I have to say that this article actually challenges the integrity of Kotak Mahindra Bank by showing the proof from the Annual report and who could possibly be accountable.
I have been reading multiple articles and how most articles are left-right writing something but this looks something to give sometime to read.
Disc. Holding this for past 3.5 years
Manappuram Finance (09-05-2024)
I think so too because in the larger scheme of things, Manappuram will benefit as this change effectively means that businesses that already have been adopting to technology quickly (like Manappuram) will be more compliant and also gain more of the organized business faster. Also, compared to Muthoot, Manappuram has lower % of cash loans. So all in all, there could be some uncertainty in the short term but the long term story is intact and I will add more during this fall as I did during the ED crisis.
Note – Invested in Manappuram and biased. Not a BUY/SELL recco as I am a still learning how the stock markets work 
JSW ENERGY — channel breakout (09-05-2024)
All Power/Energy shares are overextended on the upside.
Should find a bottom around 15-20% below these levels. That would be time to reconsider.
Power/Energy shares should not quote 50+ PE and 4x PB. Something around 25 PE is fine if there is 15% annual growth.
BBB rated Muthoot Mercantile Ltd NCD (09-05-2024)
AVOID a BBB rated NCD.
There are many good rated bonds in the market. https://www.thefixedincome.com/
Persistent Systems-Potential Multibagger (09-05-2024)
Persisten was mostly into product engineering services likes of Tata Elxsi , KPIT but focused on software products more. After there new CEO they are now focusing on expanding IT services esp manage services, cloud, analytics, sales force etc in Industry like Health care and BFSI. Most of IT company have strong areas so none of them are alike. TCS, Infosy and HCL all play in different strenght areas like verticals or services. Offlate many IT services companies have stopped giving services break up so it becomes difficult to build understanding. but generally there sales follow similar pattern or cycle.
BBB rated Muthoot Mercantile Ltd NCD (09-05-2024)
I am looking to invest my money for one year to earn good returns. Muthoot Mercantile Ltd. is offering NCD IPO Series II as follows:
The bond is available for 362 days with monthly interest payment and is rated BBB. Should I proceed with the investment? Are there any better or safer options available with similar returns? The quantum of money to be invested is under Rs. 5 lacs.
Also looking for advise for someone who has previously invested in the BBB rated bonds.