Unit no 1 inspectio by USFDA
Posts in category Value Pickr
ValuePickr Chandigarh Chapter (22-03-2024)
@Adhiraj ji, I’m also interested. Looking forward to the meet-up. Please add me to the group. Thanks!
Harsha Engineers (22-03-2024)
Not in India (Source:- Promoter Zee Business Interview)
Smallcap momentum portfolio (22-03-2024)
Hi @visuarchie
Your strategies and backtest methods are great, just curious that apart from smallcap and microcap momentum portfolio, do you maintain any other portfolios.
Macpower CNC Machines: Manufacturing a Strong Growth? (22-03-2024)
Agreed on the promoter/MD. In such small caps, it is often the bet on the promoter. There seems to sufficient demand for multiple players to grow at least for the next few years.
One thing to watch for – They have been selling mostly lower end machines till now, which I assmue majority is to SME clients. This is allowing them to demand advance and manage WC very efficiently. With government/defense clients and larget private clients (as they move up the value chain), I think the WC will be impacted. Also they may nee debt for expansion. Need to keep a close eye on balance sheet, which is in very good shape today.
Going by the number of analyst meeting they are doing, looks like there is a wider interest as well.
Another point to be aware of is that this scrip lacks liquidity. One may need patience to buy as well to sell.
I have taken an approach of staggered buying – bought some before Q3 results, after confirming the business performance and outlook in Q3 added some more. After Q4, I plan to add another 25% to the position to reach the target allocation.
disc – invested from lower levels
Shakti Pumps – solar shakti (power)! (22-03-2024)
For current year it’s 50% that’s correct because first 2 qtr was very low. First 3 qtrs sums up to 762 cr. Q4 expected rev is 500 as per guidance which brings to a total of 1262cr for FY 24.
Utilization approx = 1262/2500 = 50.5%.
What I meant was since now they are at 500cr run rate so if you take Q3 in isolation brings them to 80% utilization. 500*4 = 2000.
Utilization as per current run rate 2000/2500 brings them to 80%.
Do you have the breakdown of Pump vs non pump rev. I thought EV trials are very small part so far. And rest is all pumps (I think it’s Kusum & Non Kusum as they mentioned in the call. But I thought they all fall under Pumps only). I might be wrong.
Jyoti Resins & Adhesives Limited (with bloated reserves) (22-03-2024)
It is not about FCF. Small growing companies may have negative or very low fcf that is understandable.
But why company has has very low CFO(cash flow from operation) despite having nice PAT numbers.?
Macpower CNC Machines: Manufacturing a Strong Growth? (22-03-2024)
What struck me most from their concall is Mr. Rupesh Mehta comes across as a no nonsense-no frills-straight to the point type of a personality. None of the fancy English jargons/PPT’s, just your regular next door ‘dhandhawala’.
He repeatedly emphasized, that order book is never a concern for the machine tool industry but the major challenges were skilled manpower, supply chain (component sub-vendors) and evolving technology (R&D).
The company does seem like they’ve been walking the talk, delivering good no’s and as the previous poster says Q4 is going to be a good quarter (Rupesh ji says typically the split is Q1-20%, Q2 & Q3 – 25% each, Q4 – 30%)
One thing I’m a bit cautious about is on the PSU orders. Macpower’s win rate has seen an increase ever since the introduction of the Reverse Auction mandate. Rupeshji brushed aside any margin pressures citing lowest direct costs in the industry. He also briefly touched upon how PSU clients have a stringent quality/inspection requirements (more cost) unlike private ones.
All that said, there’s every reason to feel bullish on the company. Still trying to figure out if all the Q4 numbers is already baked in the price. Would appreciate any inputs on how one would gauge it.
D : Not invested but tracking 
US discount brokers operating in India (22-03-2024)
I’ve also come across brokers like Interactive broker. How is it going through them?