Here we go. May not list at all. Enjoy the fireworks on monday!!!
Tata Sons charting new path to sidestep Dalal Street – The Economic Times (indiatimes.com)
Posts in category Value Pickr
Likhitha Infrastructure: CNG Infrastructure Play in India (08-03-2024)
If government can pull this off successfully, it could really speed up pipeline laying process throughout India.
Long term bonds (08-03-2024)
I am seeking advice whether this is time time to invest in long term bonds given the interest rates are going down. If they don’t what will happen will these sustain the current returns on 8-9 % if the expected tenure is 1 year. How will dynamic fund be a better choice, if it will be.
Regards
Rajneesh
Maharashtra Scooters : Value of Listed Investments Make it a great value pick? (07-03-2024)
Any idea why this is not moving like Tata Investment
Omkar’s Portfolio Analysis and Discussion (07-03-2024)
Updates on Top Holdings
Suprajit Eng
I can write about Suprajit Eng for next 30 days without repeating the content. Sometimes I am scared how much of its unjustified bias. Some of my investor friends in my close circle have warned me multiple times to cut down the allocation but I am very adamant on my opinion. I try to be as rational as possible but with that high allocation seldomly anyone can remain unbiased
Lets find out what story I have to cook this time
This time I want to back to following version of the story. Lets see how it has progressed
Posted on – Apr 22
Progress Today
Some other notable points
- Unlike other players new products are being launched without any technology JV. This has allowed Suprajit to think indigenously. Example of which is creating products like mechanical disc brakes
- The principles of ‘’Frugal’’ manufacturing are evident in numbers. Electronics division which is dominated by clusters is already making 11-12% EBIDTA with just 23 Cr quarterly sales. Pricol which is also in clusters is making those margins with 2000 Cr sales
Ajanta Pharma
Visiting back what I want through while holding Ajanta as mentioned below. Ajanta outperformed all the names mentioned below over last 3 years – Alembic, Abbott and Laurus. God knows how I managed to stay away from Alembic and Laurus during those days!!! Not sure next time I can manage to pull this off 
Ganesh Benzoplast – Cash rich chemical storage/tank king (07-03-2024)
Ganesh Benzoplast commercialized their JNPT liquid unit which now contributes monthly revenues of 1 cr. Their LPG unit will be commercialized in 2026 and their capex cost increased (already) to 650-700 cr. Concall notes below
FY24Q3
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Anil Kumar Goel invests 32.4 cr. @162 share price
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JNPT : increased liquid capacity from 240,000 kl to 283,000 kl. 100% utilization (contributes 90% revenues ). Have 60% market share of third party operators of liquid tanks in JNPT
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Goa : expanding portfolio. It was a dedicated fuel oil terminal which is now used for edible oil, specialized chemicals, POL products, motor spirit, HSD, molasses exports. 40-50% utilization (contributes 3% revenues ) and hope to increase to 70-75%
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Cochin : 95% utilization (contributes 7% revenues ). Won a tender from IOC for ATF and ethanol for next 4-years
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After LPG expansion, they won’t have any spare land
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LPG terminal will cost 650-700 cr. (increased from 550-600 cr. earlier), Ganesh’s equity contribution will be 100 cr. (70% debt / 30% equity) EBITDA margin of 80%+. Have guaranteed revenue over 15-year period of 1,200 crores from one company (80 cr. annual)
Disclosure: Not invested (no transactions in last-30 days)
Investing Basics – Feel free to ask the most basic questions (07-03-2024)
Compliance
Promoter/ group experience in the field
Niche mote
Monetizing power
TAM
Peers
Endorsement
Value chain clients and providers
Investing Basics – Feel free to ask the most basic questions (07-03-2024)
How should one analyse Fintech companies ?
What are the few metrics / parameters that one should look at apart from the conventional items like growth, margin etc
Is book value, price to book, sales per employee etc correct parameters to check ?
(I am looking at Zaggle )
Is China investible? (07-03-2024)
This will help China to secure low cost funding for future growth
Ganesha Ecosphere – Green Earth play (07-03-2024)
MOATS (Ganesha eco)
1…Economy of scale
=Leading market position among RPSF manufacturers
2…Warangal plant@Value added products
=Share of revenue
of value-added
products, 2014-15
21%
=Share of revenue
of value-added
products, 2019-20
25%
3…Big basket of products
=We are having a big basket of products with us, we are having product for every application for the customers.
= So, customer benefits because we are having ready products for them, so they prefer to buy from us,if there is not much price difference
4…Strong scrap sourcing network
5…Quality is upmost important for B2B business(bottle to bottle) in stiff competition
=Setting up a manufacturing capability for circular economy products like this
rPET bottle to bottle is not easy to achieve the desired qualities .
=Big FMCG brand , they do not want to compromise at all with the quality of their packaging.
=So definitely some capacities will come up, some of them might not work really good because we have seen a lot of capacities failing outside as well which have come up. They are
not able to deliver the right product which is suitable for application by FMCG brands.
=We have proved that our quality and capability is better than the most so we are not facing that much of
our pressure or heat from external over capacity.
6…New products and .Strong r nd
=Presently, we are working on development of certain specialty fibres. It is like flame retardant
fibre, antibacterial fibres and biodegradable fibres. All these fibres are specialty fibres and are
being introduced for the first time in India in the recycled fibre segment. All these specialty fibre
products will fetch up around 35% to 40% extra margins.