Can you please share the Concall link or transcript? TIA
Posts in category Value Pickr
How do you pick stocks for SIP & decide SIP duration (21-03-2024)
Understood. How do I identify good booming sectors apart from the trending ones like solar, EV, etc.
please share more thoughts
Companies with 20%+ growth guidance for next few years (21-03-2024)
In recent concall (Q3f24), they said it would be 500 Cr +
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (21-03-2024)
@1957 Om, I agree with all the points you mentioned.
- Large/PSU energy names seem to continue their upward journey, though perhaps not at the same speed. We’re on the same page here. Let’s wait and see.
- I don’t foresee any policy changes, especially considering recent polls.
- Renewable energy (solar, wind, hydro, CBG) is indeed here to stay and will only grow.
- Green Hydrogen is still in its nascent stage, but if the technology evolves and becomes cheaper, it could completely transform the energy and chemical landscape, offering significant opportunities for the economy and stocks involved.
Points I’d like to add:
- Solar EPC names appear to be labor-oriented businesses. I’ve heard that margins are around 6% for private works and 10% for government contracts. I believe the solar EPC space is already crowded, and I anticipate their margins will be squeezed soon.
- Solar panel manufacturers, from what I’ve gathered, are likely to continue experiencing revenue growth for the foreseeable future. I agree with your estimate of 2030.
I’m curious about the names you own and which ones you believe still have more stem left.
Though my experience in equity is shorter comparatively,When i say new sectors. I think it’s essential to keep an eye out for new sector that offer quick returns at the portfolio level. While I’m uncertain whether renewables are still the market darling, I’m also unsure when or if a new sector will become more favored by the market. Nonetheless, I continue to check and ask for sectoral movements in the market.
Ganesh Benzoplast – Cash rich chemical storage/tank king (21-03-2024)
What do you think about the key risks affecting the company?
The delays in commercialisation of the plant and the rising competition especially with Aegis also planning to setup a plant at JNPT Terminal. Also the management entering verticals like ethanol and ev fleet leasing, are we too being too optimistic?
Long term investment strategy (Buy, hold but don’t forget) (21-03-2024)
Requesting suggestion from all Value Pickers any Company with high ROE and is scalable? Please suggest.
Polycab India ~ Connection Zindagi Ka – W&C, FMEG and EPC Player (21-03-2024)
Who is Company auditor? Any one from big4?
Paradeep Phosphates – A merger to make a mammoth! (21-03-2024)
Do you have to say anything about Government’s focus to revive and promote indigenously produced Single Super Phosphate (SSP) over and above Di-Ammonium (DAP) at the same time improving the NPK use mix in the country which is presently skewed towards Urea (N) presently?
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (21-03-2024)
My views as follows :
(1) Renewable Energy in terms of Solar Wind Hydro , CBG , Green hydrogen are here to stay… It is an irreversible process world over due to targetted reduction in carbon foot print to curb climate change.
(2) Market fancy – yes currently these stocks do enjoy. But how long ?.difficult to predict…In my view , it should enjoy market fancy at least for next few years or until 2030.
(3) Thin margins and high valuation – that is correct and it may continue for few more quarters or a year or two.
It is because for example – till date India is a net importer for Solar panel…however it is on a decline since last 6 Months due to import tariff imposed by India and PLI scheme to encourage Atma Nirbhar Bharat. China is the world leader in Solar panels Chinese Govt has been able to create the Eco-system over last 1-2 decades to become a low cost producer of many things – Solar panel , Coal gasification- Coal from commodity to chemicals , API for pharma and chemicals., EV to name a few.
We have just started now , but we seem to be moving very fast under the current Govt , though we need to be faster.
(4) It all depends upon one’s risk appetite. For medium to long term , i feel select renewables could be a good play. Consciously , I am avoiding Small Mid cap pure play renewables because of the margin challenges , capital requirement etc.in short term.
I prefer existing profitable business in large cap / PSU’s diversifying in to renewables, hydrogen and that is where I have made descent profit over the last couple of years.
And I would like to continue with the above strategy
I see many people exited from Large / Mid PSU from energy basket , railway and defence during recent corrections…But since I was sitting in descent profit in spite of 8-10% corrections , I did not exit. In fact I added in select PSU where I had earlier booked some profit .
I may wind up my PSU positions if there is a policy change with regards to current capex plans on renewables railway defence and Atma Nirbhar Bharat.
if the current Govt policy continues , there is nothing to get panic , there is still some steam left in select PSU with strong order book and earning visibility.
In any case I am getting regular income from dividends – 2-3 times a year.
Eicher Motors (21-03-2024)
please share the reserach report if available.