IMHO Mega opportunity has nothing to do with “how much a company has run in past” only the future run from current price determines the mega opportunity. Megatherm is just 500 cr mcap company and one needs to check whether it has potential of becoming 2500 -5000 cr company or not, if yes then still a long runway is there and no need to look IPO price. In microcaps, big investors enter after listing only as 1 or 2 lots don’t matter to them.
I think the company is good and one needs to track its progress from here.
Posts in category Value Pickr
Megatherm – Mega Opportunity (13-04-2024)
Smallcap momentum portfolio (13-04-2024)
Update for entry on 15th April 2024
There was some discussion about market sentiment and good time to shift to cash or anything else. I indicated that I will update 50DMA and 200DMA to confirm that the sentiment is still fine.
Currently, 50DMA > 200DMA and hence we are good to continue.
Based on ranking:
- JAIBALAJI
- ANANDRATHI
- SIGNATURE
- INOXWIND
- SCHNEIDER
- MEDANTA
- HINDCOPPER
- COCHINSHIP
- EIHOTEL
- HUDCO
- MOTILALOFS
- MRPL
- SOBHA
- ACE
- TATAINVEST
- NUVAMA
- NBCC
- MCX
- HBLPOWER
- SWANENERGY
Based on A → Z for easy tracking:
- ACE
- ANANDRATHI
- COCHINSHIP
- EIHOTEL
- HBLPOWER
- HINDCOPPER
- HUDCO
- INOXWIND
- JAIBALAJI
- MCX*
- MEDANTA
- MOTILALOFS
- MRPL
- NBCC
- NUVAMA*
- SCHNEIDER
- SIGNATURE
- SOBHA
- SWANENERGY
- TATAINVEST
Exits:
BSOFT exits.
POWERINDIA stays within the top 25 and hence remains.
Entry:
NUVAMA enters.
MCX cannot enter as there is no vacancy.
Borosil Limited (13-04-2024)
Borosil Ltd
Q3 concall and results highlights –
Q3 financial outcomes –
Sales – 302 vs 207 cr
EBITDA – 65 vs 26 cr
PAT – 37 vs 16 cr
9M financial outcomes –
Sales – 714 vs 565 cr
EBITDA – 125 vs 80 cr
PAT – 61 vs 48 cr
Segment wise sales for 9M ending Dec 23 –
Glassware ( under Borosil brand ) – 155 vs 138 cr, up 12 pc
Non Glassware ( under Borosil brand ) – 290 vs 235 cr, up 23 pc
Opalware ( under Larah brand )- 269 vs 192 cr, up 39 pc
This performance is superlative considering most other consumer durable, kitchen appliance, glassware companies reported a flattish Qtr / 9M performance
Post doubling of Opalware capacity and its utilisation, significant operating leverage helped in margin expansion. Also the RM and fuel costs were benign in 9M FY 24
Company has just commissioned a furnace near Jaipur making press – ware Borosilicate. This ll help the company reduce its import bill and also help lower RM costs. This will also help the company ramp up its exports
Company is guiding for a medium term ( 3-5 yrs ) sales growth CAGR of 15 pc plus ( includes good and bad years )
Depreciation expected @ 80 cr / yr post the commissioning of Jaipur furnace ( that is going to make borosilicate )
At present, Borosil Ltd has a debt of 180 cr on its books
Most of the growth reported by the company is volume led as the company has not taken any price hikes this yr. Some element of growth is also attributable to higher sale of premium products
Opalware capacity utilisation @ 85 pc at present
No major capex lined up for next 12-18 months as the company intends to stabilise the borosilicate furnace and improve its utilisation
The company’s consumer durable range is placed at the premium end. Company is not playing in the mass mkt segment. Also, company doesn’t manufacture any of these durables. They just procure, control quality and distribute
Current size of Opalware industry is around 1200 cr. It was around 300 cr in 2016. Company expects the Industry size to grow to around 3000 cr in the long term
Currently, the company is basically selling to top 100 cities in India. Aim to expand to next 100 cities / rural areas in future
Disc: initiated a tracking position, not SEBI registered, biased
Ranvir’s Portfolio (13-04-2024)
Borosil Ltd
Q3 concall and results highlights –
Q3 financial outcomes –
Sales – 302 vs 207 cr
EBITDA – 65 vs 26 cr
PAT – 37 vs 16 cr
9M financial outcomes –
Sales – 714 vs 565 cr
EBITDA – 125 vs 80 cr
PAT – 61 vs 48 cr
Segment wise sales for 9M ending Dec 23 –
Glassware ( under Borosil brand ) – 155 vs 138 cr, up 12 pc
Non Glassware ( under Borosil brand ) – 290 vs 235 cr, up 23 pc
Opalware ( under Larah brand )- 269 vs 192 cr, up 39 pc
This performance is superlative considering most other consumer durable, kitchen appliance, glassware companies reported a flattish Qtr / 9M performance
Post doubling of Opalware capacity and its utilisation, significant operating leverage helped in margin expansion. Also the RM and fuel costs were benign in 9M FY 24
Company has just commissioned a furnace near Jaipur making press – ware Borosilicate. This ll help the company reduce its import bill and also help lower RM costs. This will also help the company ramp up its exports
Company is guiding for a medium term ( 3-5 yrs ) sales growth CAGR of 15 pc plus ( includes good and bad years )
Depreciation expected @ 80 cr / yr post the commissioning of Jaipur furnace ( that is going to make borosilicate )
At present, Borosil Ltd has a debt of 180 cr on its books
Most of the growth reported by the company is volume led as the company has not taken any price hikes this yr. Some element of growth is also attributable to higher sale of premium products
Opalware capacity utilisation @ 85 pc at present
No major capex lined up for next 12-18 months as the company intends to stabilise the borosilicate furnace and improve its utilisation
The company’s consumer durable range is placed at the premium end. Company is not playing in the mass mkt segment. Also, company doesn’t manufacture any of these durables. They just procure, control quality and distribute
Current size of Opalware industry is around 1200 cr. It was around 300 cr in 2016. Company expects the Industry size to grow to around 3000 cr in the long term
Currently, the company is basically selling to top 100 cities in India. Aim to expand to next 100 cities / rural areas in future
Disc: initiated a tracking position, not SEBI registered, biased
Skipper Ltd., (Power and Water) a moat in making? (13-04-2024)
Hi, i have a small position in this and have been following updates and newsflow. They want to be the global number one and have been talking about it often. Do you think this is possible, and if yes, how could the story pan out?
List of Research Service Providers (13-04-2024)
looks interesting, would you have any feedback on their strategy and your personal experience with it?
Smallcap momentum portfolio (13-04-2024)
thank you… i have used the same formula… now its showing the price of scipts. i think there is some timming issue.
Microcap momentum portfolio (13-04-2024)
Update for entry on 15th April 2024.
There was some discussion about market sentiment and good time to shift to cash or anything else. I indicated that I will update 50DMA and 200DMA to confirm that the sentiment is still fine.
Currently, 50DMA > 200DMA and hence we are good to continue.
Based on ranking:
- KPIGREEN
- ELECTCAST
- KESORAMIND
- VOLTAMP
- PURVA
- WOCKPHARMA
- SANGHVIMOV
- TARC
- GULFOILLUB
- ARVIND
- CHOICEIN
- TIMETECHNO
- NEWGEN
- STAR
- IFCI
- MSTCLTD
- NEULANDLAB
- IMFA
- WABAG
- TVSHLTD
- JPPOWER
- KIRLOSENG
- ITDCEM
- ANANTRAJ
- ZENTEC
Based on A → Z for easy tracking:
- ANANTRAJ
- ARVIND
- CHOICEIN
- ELECTCAST
- GULFOILLUB
- IFCI
- IMFA
- ITDCEM
- JPPOWER
- KESORAMIND
- KIRLOSENG
- KPIGREEN
- MSTCLTD
- NEULANDLAB
- NEWGEN
- PURVA
- SANGHVIMOV
- STAR
- TARC
- TIMETECHNO
- TVSHLTD
- VOLTAMP
- WABAG*
- WOCKPHARMA
- ZENTEC*
Exits:
EMUDHRA and ETHOSLTD exit.
Entry:
WABAG and ZENTEC enter.
Reviving an old journey post retirement (13-04-2024)
Welcome, Also keep an eye on Assembly Elections, and after election Budget, importantly how Govt. allocates funds Sectorwise, and USA elections at the end of this year, accordingly if you rebalance it can generate additional alpha to your portfolio
Suggestion on mutual fund SIP (13-04-2024)
Yeah, I agree with this