Completely wrong hypothesis. It would be great if the community sticks with data backed analysis than just make sweeping statements backed by uninformed opinions
Posts in category Value Pickr
Zomato – Should you order? (08-06-2024)
Ravi - your analysis is on point. I didn’t consider the Standalone PAT, was looking at the consolidated business.
I am being a little conservative with my estimates, since it is anyone’s guess where the PAT % would land up and I still feel a PAT of INR 3,000+ crore would be difficult to achieve in FY26. Analysts are generally quite aggressive in their estimates, so I always take that with a pinch of salt, however would love to be proven wrong.
Guess we will analyze the quarterly #s to see how things go.
But, I appreciate the analysis and this back and forth that we had. I enjoyed it!
Heritage Foods Ltd (08-06-2024)
This was my stance 9 months back, and this will be my stance till the company keeps delivering results. Dairy is extremely fragmented sector in India coupled with being heavily underpenetrated. Being a milk surplus nation, the entire sector (not just heritage) has good long term prospects. Important to note that the dairy industry is supply pushed rather than demand pulled. Heritage is one of the few which owns the entire supply chain unlike many cos who just do contract manufacturing and label them due to which they’d never have any inventory related shortages
Heritage Foods Ltd (08-06-2024)
(post deleted by author)
Cyber Media Research & Services Ltd (08-06-2024)
Nothing unusual… management said they are contesting this in court and expect a favorable outcome.
Yash Pakka – (Previously Yash Paper) – Rising from ash (08-06-2024)
In Q4, Mr. Ved announced that they have switched their investment banker from a Latin American company to Nomura. Nomura indicated that there is no project similar to the one conceptualized by the Pakka team. Furthermore, Mr. Ved mentioned their plan to raise ₹175 crore through a Qualified Institutional Placement (QIP). However, investors wanted the pricing to be ₹250 per share, which was not feasible as the share prices had risen above ₹350. According to SEBI guidelines, the average price of the last six months must be considered. Fortunately, the share price has since decreased, and investors for the ₹175 crore QIP are ready. Once they can proceed with the placement at ₹250 per share in compliance with SEBI rules, it will happen immediately. If this does not occur, they have also filed for a rights issue at ₹250 per share as an alternative option.
The total capital expenditure for India is ₹675 crore, with an additional ₹75 crore required for equity infusion in the Gautmala project, bringing the total to ₹750 crore. The funding plan includes raising ₹675 crore through QIP, covering 20% through internal accruals, and financing the remaining amount with debt.
Tejas Networks – Product based IT business in a favored sector? (08-06-2024)
Tejas Networks
Proxy to: Telecom, Data Centres, AI, Utility, Infra, BFSI, Defence, Railways & Metro, etc.
Through Saankhya Labs, they have secured approval under the Semiconductor DLI scheme to develop a cuttingedge System-on-Chip (SoC) - a critical advancement in electronics, enabling the creation of powerful, efficient, and compact devices across a wide range of applications
Vessel Tracking Network, powered by Saankhya Labs’ award-winning SDR chipsets, signifies advancement in Indian coastal security and the safety of fishermen. With 2,500+ vessels already benefiting from its capabilities, there is an ongoing planned deployment of over 50,000 additional boats nationwide.
Over 60% of workforce is into R&D!
International Partnerships
FibreConnect partnered with Tejas to successfully deploy an end-to end optical network in Italy
Tejas signed a strategic partnership with Telecom Egypt to replicate the Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt.
As a percentage of net revenues, the services expenses in FY 2024 decreased to 3.7% as compared to 9.5% in FY 2023.
As of March 31, 2024 they have filed for 446 patents of which 335 have been granted
Company has received 32.66Cr from the PLI scheme and total PLI accounted for stands at 156Cr
Majorly B2B, so quarterly fluctuation in numbers is normal
Order backlog of over 8200Cr in FY24 - Company expects to recognize revenue of around 93% within the next one year and the remaining thereafter.
Disc: Invested
Phantom Digital Effects Limited (08-06-2024)
I think management is trying to play ‘better safe than sorry’ here. From my understanding, they started out with 20-25% growth guidance and at one point, they said they may beat it and touch 50% as well.
Due to uncertainity in the last year, management has learned in this industry, things may not be as certain as they seem, so they are playing safe. This is good for the investors as well. I have held stocks where management used to give shiny projections only to later miss it by a huge mark. Markets punish such companies strongly.
To be honest, I am more concerned about the receivables than earnings growth in this industry. I hope what management mentioned in this concall that they are getting back on track regarding this is true and we see improvement on this front in coming quarters. This is something I will track like a hawk and take further decision.
Disc: same as earlier