I have gone through the thread and since I could not find any reference to decrease in promoter shareholding so I asked the question. I am here to contribute and learn. You need not throw your condecending attitude around just because you may know a bit more than me. Also dont always assume you know more than somebody else. Your reply to me is in bad taste.
Posts in category Value Pickr
Tatva Chintan – A catalyst for growth (29-10-2024)
the trend still looks weak
Northern Arc – Long term play (29-10-2024)
In challenging external business conditions, Northern Arc has delivered an excellent set of numbers. Gross NPA’s have risen marginally from 0.47% to 0.6%. However, what is heartening to see is that the company has consciously decreased the MFI book from 23% as of March ’24 to sub 20% now.Also NIM’s are stable at 9.1% and cost of funds have declined from 9.3% to 8.9%.
With 65% of the borrowings floating in nature, the company seems well positioned to benefit from the anticipated lower interest environment in the future.
On the asset front, around 35% to 40% of the total assets are floating, linked to the internal benchmark rates subject to the interest rate sensitivity, which should give a fillip to the NIM’s going forward. At a trailing P/B of 1.2 times, it could be a strong rerating candidate going forward.
D: Invested.
Kamat Hotels (India) Ltd- A Possible Turnaround Story! (29-10-2024)
Kamat Hotels –
Q2 results and concall highlights –
Revenues – 85 vs 64 cr, up 33 pc
EBITDA – 22.5 vs 18.7 cr, up 20 pc ( margins @ 27 vs 29 pc )
PAT – 8.3 vs 0.03 cr ( due to sharp fall in interest costs – due repayment of loans )
Current portfolio of Hotels ( all hotels are leased except 02 which are owned and 01 on management contract ) –
Under Orchid brand –
Pune – 410 rooms
Mumbai – 372 rooms ( Owned )
Shimla – 96 rooms
Manali – 47 rooms
Goa – 48 rooms ( Owned )
Lonavala – 36 rooms ( management contract )
Jamnagar – 45 rooms
Toyam ( Pune ) – 21 rooms
Under IRA brand –
Mumbai – 195 rooms
Bhuvneshwar – 111 rooms
Nahsik – 31 rooms
Sambhaji Nagar – 33 rooms
Ayodhya – 49 rooms
Lotus Resort Murund – 40 rooms
Fort Jadhavgarh Pune – 58 rooms
Madhodhani Palace Puri – 33 rooms
At present – capex ( addition of rooms / facilities ) and renovation work is on at Orchid – Pune and Goa
Upcoming properties –
Under Orchid brand @ Chandigarh, Dehradun, Gwalior and Puri
Under IRA brand @ Bhavnagar, Hyderabad and Noida
Most of these properties are likely to open up in calendar year 2025
Aim to keep upgrading / renovating 2 properties each year
Current debt on books @ 120 cr with RoI of 10.5 pc
Expecting to maintain EBITDA margins in H2 – at levels similar to Q2 – due increased manpower and energy costs
Expecting to clock revenues of around 350 cr for FY 25 with full FY 25 EBITDA > 90 cr
37 pc of company’s business comes from repeat customers ( which is a very healthy number ). As the company expands its number of properties, this percentage should increase going forward
IRA Noida is opening on 07 Nov 24
Company expects their finance cost to be between 6-7 cr for Q2 – this should be a key positive and bump up the PAT in Q2
Revenue target for FY 26 stands at 400 cr
Disc: holding, biased, not SEBI registered, not a buy/sell recommendation
Ranvir’s Portfolio (29-10-2024)
Kamat Hotels –
Q2 results and concall highlights –
Revenues – 85 vs 64 cr, up 33 pc
EBITDA – 22.5 vs 18.7 cr, up 20 pc ( margins @ 27 vs 29 pc )
PAT – 8.3 vs 0.03 cr ( due to sharp fall in interest costs – due repayment of loans )
Current portfolio of Hotels ( all hotels are leased except 02 which are owned and 01 on management contract ) –
Under Orchid brand –
Pune – 410 rooms
Mumbai – 372 rooms ( Owned )
Shimla – 96 rooms
Manali – 47 rooms
Goa – 48 rooms ( Owned )
Lonavala – 36 rooms ( management contract )
Jamnagar – 45 rooms
Toyam ( Pune ) – 21 rooms
Under IRA brand –
Mumbai – 195 rooms
Bhuvneshwar – 111 rooms
Nahsik – 31 rooms
Sambhaji Nagar – 33 rooms
Ayodhya – 49 rooms
Lotus Resort Murund – 40 rooms
Fort Jadhavgarh Pune – 58 rooms
Madhodhani Palace Puri – 33 rooms
At present – capex ( addition of rooms / facilities ) and renovation work is on at Orchid – Pune and Goa
Upcoming properties –
Under Orchid brand @ Chandigarh, Dehradun, Gwalior and Puri
Under IRA brand @ Bhavnagar, Hyderabad and Noida
Most of these properties are likely to open up in calendar year 2025
Aim to keep upgrading / renovating 2 properties each year
Current debt on books @ 120 cr with RoI of 10.5 pc
Expecting to maintain EBITDA margins in H2 – at levels similar to Q2 – due increased manpower and energy costs
Expecting to clock revenues of around 350 cr for FY 25 with full FY 25 EBITDA > 90 cr
37 pc of company’s business comes from repeat customers ( which is a very healthy number ). As the company expands its number of properties, this percentage should increase going forward
IRA Noida is opening on 07 Nov 24
Company expects their finance cost to be between 6-7 cr for Q2 – this should be a key positive and bump up the PAT in Q2
Revenue target for FY 26 stands at 400 cr
Disc: holding, biased, not SEBI registered, not a buy/sell recommendation
Tatva Chintan – A catalyst for growth (29-10-2024)
Helloooo! We are back again at this comp. It did pretty bad, though. It recently went into net loss, which makes it even more interesting 
I went through their Q2FY25 concall and here are the updates:
Weak Demand Environment
They are primarily dependent on 3 Global industries since most of their revenues come from export. These industries are :
- Heavy Duty Commercial Vehicle (demand for SDA is correlated to this)
China HDCV Sales (22% down), UK (9% down), EU (5% down) - Agrochemicals (PTC and PASC is correlated to this)
- Polymers (because their products find application in polymers)
All 3 of these are doing pretty bad and facing headwinds. Management expects a turnaround by Q2FY26. Management says that Q3 will be bad and from Q4 gradual pickup will be seen. but its just a guesstimate by them. Nobody knows when things will turn around. One can simply follow management’s commentary for demand revival.
I believe that when information will be clear on demand revival, many mutual funds are gonna come and buy because the triggers are placed, its just that we need the demand to come back.
I am attaching a screenshot for updates on each line of business
I am not saying its a brilliant business. IDK. All I know is that it will be a good trade. Triggers are placed , all I am waiting for is the demand to revive. And believe me, its not only me, there are many others (be it institutions or individuals) who are waiting for the same. Because the business listed at P/B – 12x. which demonstrates that it has been a very popular stock among investors. Currently its trading at P/B – 2.6x. Demand revives and people will come pouncing on this one!
Disc : Invested (3% of PF) (Will be increasing allocation as information becomes clear)
Sattrix Information Security : Emerging Moat, Managed SOC as a Service Microcap (29-10-2024)
Can agree with that, EPFO FAQ says
” The employees who are drawing the basic wages and dearness allowance up to Rs.15, 000/- are alone eligible to become a member. He will continue to be a member even when his pay exceeds Rs.15, 000/-. However, his contribution to the Fund will be restricted to Rs.15, 000/-. The employer is also required to pay his matching contribution up to Rs.15, 000/-. Employees drawing more than Rs.15000/- can also become a member of EPF by giving option under para 26(6) of the EPF Scheme. The option has to be submitted to the EPF office within 6 months of joining of such member.”
So simple shortcut is pay 15001 INR and voila you are exempt from PF. In line with their hiring practices of hiring freshers, response by CS is most probably correct.
But definitely a questionable practice. Raises question about their employee policy. Also seems its a Key Man Driven Organization. Key Man is both Promoter and KMP, with ownership of IP held by Key Man in a distinct and separate entity.
Solar Industry AMA Deep Dive: Ask me Anything (29-10-2024)
We are pleased to share a compiled PDF document containing all questions and answers from the recent AMA session on the solar industry, held on October 25, 2024 by Kuntal Shah, Partner Oaklane Capital. This document provides a detailed overview of the topics discussed, covering areas such as global demand and supply dynamics, advancements in solar technology, and insights into the solar value chain.
We extend our sincere gratitude to all participants for their insightful questions.
Please refer to the disclaimer at the end of the report for important information.
Solar Industry Ask Me Anything with Kuntal Shah Oct’24.s.pdf (1.5 MB)
Senco Gold: Upcoming gold story! (29-10-2024)
Which smallcase you are subscribed?please inform the more information,i also signup the smallcase,but not invested,smallcase through this type of (announcements)not coming to my mail…, please provide the brief information,Thank you…