Sanghi Ind Under Pressure As Details Of The ACC & Ambuja MSA With The Co Have Been Disclosed
Looks like Sanghi wont get much out of this.
Sanghi Ind Under Pressure As Details Of The ACC & Ambuja MSA With The Co Have Been Disclosed
Looks like Sanghi wont get much out of this.
Highlights of Q4 & FY24:
As someone in midst of finding my own feet and changing my perspectives, its a tough task.
One thing i would look at is FCF/ Net Profit Ratio and second would be receivables on balance sheet. What is happening is hope stories are running ahead. Great to trade on 6 month and make money but let’s not fool with them being decadal plays. They will never meaningfully convert revenues to FCF.
Stocks like CDSL/ Cyient/JSW Energy/KPIT/Max Health and even ACE/ Indigo may be suitable for long term, Of course caveat being initial purchase price and long periods of consolidation.
Rest I believe you are someone with far greater operational expertise if not financial expertise than me so not really my place to judge.
Marginal decline in PAT should not be a worrying factor though no reason is specifically provided by the management for flat results. Their value added segment(Wire Rope) is doing well and their capex which will go on stream during Q1FY 25 with the ramp up in 9- 12 months give revenue visibility for next two years.
any reason provided by company for declining net profit since last 2 quarters?
MY views on matrimony, as of today:
While reading Matrimony concalls starting 2017, I realized extremely painful truth.
The story line in 2017 was exactly the same as today (2024), that is :
However, 7 years have passed none of it has materialized. In fact, things that have detoriated include:
Its difficult to be a long term investor and bear this pain.Those who believe in the story have to have patience and go through difficult time. It looks to ME that last bull in matrimony has left the market.
However, past may not be the mirror of future. Things may turn up well in the future, as the underlying story STILL remains the same with reasonable valuation.
Disclosure – Invested and hence biased/ blind. Not a SEBI registered analyst.
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