@phreakv6 Thanks for detailed analysis on AVG Logistics. One thing I want to know is that as of Sep-23 Balance Sheet, the company is having 139Cr of receivables out of which 50cr is more than 6 months. Why are the receivables so high when the company is doing business for Reputed customers like Nestle and Pepsico?

No doubt, Policy Bazaar business is very interesting business with good business model in insurance sector with consistent sales growth.
I would like to understand on the valuation point of view.
Current Market cap is 56,000 Cr. Assuming 56 PE and 1000 cr Profit, which is very optimistic in my opinion. 1000 cr PAT could take at least 3 to 5 years of time. Correct me if I am wrong?

As of Sep-23 Balance Sheet, the company is having 139Cr of receivables out of which 50cr is more than 6 months. Why are the receivables so high when the company is doing business for Reputed customers like Nestle and Pepsico?

Shakti Pumps Concall Notes – May 2024

Financial Performance:

• Achieved highest revenue of Rs. 1,371 crores and profitability of Rs. 142 crores in FY24.
• Q4 FY24 performance was the highest ever with revenue of Rs. 609 crores and PAT of Rs. 90 crores.
• EBITDA margins of 16.4% for the financial year.
• Anticipate stable EBITDA margins around 14-15% going forward.
• Order book of around Rs. 2,400 crores providing revenue visibility for 18 months.
• Recent order accumulation of approximately Rs 243 crores under the PM Kusum scheme.
• Robust revenue growth with government business revenue growing by about 52% YoY to Rs 945.1 crores in FY24.
• Export sales increased by around 23% YoY to Rs. 286.1 crores in FY24.

Future Growth and Strategy:

• Government’s focus on deployment of solar pumps presents significant opportunities.
• Company stands at the forefront of the solar pump revolution.
• Plans to double existing capacity of pumps/motors, inverters/VFDs, and structures.
• Raised Rs. 200 crores through QIP for expansion.
• Investment in Wholly Owned Subsidiary, Shakti EV Mobility Private Limited, for transition into the electric vehicle space.
• Focus on innovation with two new patents received this quarter, contributing to a robust patent portfolio.
• Commitment to driving sustainable growth and creating long-term value for stakeholders.

Order Book and Execution:

• Order book of Rs. 2,400 crores with execution timelines of 18 months for Rs. 1,500 crores and 90-120 days for the remaining orders.
• Strong order inflow from states like Maharashtra, Haryana, UP, and Rajasthan.
• Expectations of continued order inflow and growth in the future.

Market Share and Competitive Position:

• Market share at 30% with a commitment to increase it further.
• Strong position in the solar pump industry with a focus on quality and efficiency.
• Differentiation through the use of innovative technology like VFDs.

Margins and Operational Efficiency:

• Improved margins due to operational efficiency and scale.
• Operating margin guidance of 15% for FY25.
• Margins impacted positively by decreased raw material prices and operational improvements.
• Solar cells sales contributing significantly to revenue, with margins around 30%.

Industry Dynamics and Opportunities:

• Potential for significant growth in the solar pump industry.
• Focus on Atmanirbhar Bharat and indigenous manufacturing.
• Positive outlook on the EV segment with plans for expansion and quality stabilization.
• Expectation of sustained growth and market leadership in the future.

Hi, I have a doubt about MAX HEALTHCARE, India’s second-largest hospital chain. I’ve analyzed it thoroughly and there is nothing wrong in it. It is a great company with good fundamentals and the industry is also growing. The point of concern is the valuations. I am a newbie and I don’t know the exact way to arrive at the intrinsic value. Can anyone share a reliable method to calculate the intrinsic value of any company?