Just sharing what I found about KDDL on Twitter.
Please check the below link for the source.
https://x.com/LearningEleven/status/1758700503427395695?s=20
Hope this helps
Disclaimer – Holding at average of 2000 and Biased.
dr.vikas
Posts in category Value Pickr
HDFC Asset Management Company (18-02-2024)
Is this typical to US, global or Indian Markets the valuation of 5% of AUM? Is there any logic behind this criteria? Product mix of AUM should be equally important IMO. Can you elaborate this point with any examples. Thanks!
CFF Fluid Control Limited – SME (18-02-2024)
Buying good companies at a premium valuation makes it a bad investment. CFF feels like one of those.
HDFC Asset Management Company (18-02-2024)
Market cap is around 82K cr and AUM is about 575K cr. Typically AMC are valued at 5% of the AUM but HDFCAMC is around 14% now.
May be it deserves higher multiple for upcoming growth in AUM but with new entrants and rise of indexing net profit to AUM ratio will be trending downward. Currently AMC earns about 35 bps of profit for 100 of AUM. So valuation looks stretched. AUM will go down if correction is in the market.
I feel banks offers more barriers to entry compared to an AMC business.
Recently reduced position in HDFC AMC stock.
HDFC AMC has following section https://www.hdfcfund.com/information/amc-shareholder but links are not working for me. Overall they seem to be under investing in tech side of the business.
Usha Martin- Coming out of Chaos (18-02-2024)
Very well summarised.
Capacit’e Infraprojects (17-02-2024)
Company posted decent Q4 results with sales increasing from 62 to 87Cr and profit 20 to 30 Cr. Company has provided good guidance for next 2 years growth (30%)
Phantom Digital Effects Limited (17-02-2024)
It should be 9.13. How did you get 6.7?
Aarti Industries – Integrated Diversified Player on Benzene Derivatives (17-02-2024)
No PAT guidance was given but tax rate guidance of 15-17%. But my rough estimate is 400-450 Cr depreciation, 200 Cr interest and PAT would be around 700 Cr.
Phantom Digital Effects Limited (17-02-2024)
True, it should have been 6.70 instead it’s showing 5.74 but if this is the case, there would be error for other companies due to the calculations would be similar for the others in the backend.
IREDA: Renewable Energy Powerhouse (17-02-2024)
Thanks got it now. Do we need to wait for one quarter to get FII & Public holding data, or is there any other way?