Hi Dinesh Sir,

Currently, it wouldn’t be possible to deselect the stocks while running your custom query. When you run a query our system takes the whole universe of stocks for consideration.

We do show the companies that you have already done your research by highlighting them as shown in the below screenshot.

As you can see in the above screenshot, the names of the three companies are highlighted in a dark color. It means that I have already gone to the company page on Screener.

However, I have also made a note of your suggestion and will share it with our team for conisderation.

concall notes with technicals
q3 update pricol.pdf (2.9 MB)

Company seems to be good, high TAM, no close national competitors. However, I had three questions-

1. Since the company manufacturers Recovered carbon black (rCB), which is essentially a commodity business, how does it compare in price to virgin carbon black ( the product the company is trying to replace) ?
2. What are the import risks the company faces and how is it mitigating that >
3. As the Capex is only 40-50 crore for a new plant, what is stopping a big player to enter the market and start a backward integrated plant ?
   Disc: Not invested, but looking to enter.

improvement in the chemical cycle and interest rates cut globally may lead to some positive results

Q3 FY24 Concall Highlights:
Performance Highlights:

• Revenue – 31.39 vs 10.22 cr ,210% yoy
• EBIDTA – 10.9cr vs 3.4cr, margin- 34.24% vs 33.2
• PAT – 6.5cr vs 1.8, increase of 261%
• EPS – 3.37 vs 0.93 ,261% growth YOY

Business updates –

1. Psp side- First big deal is Bharat pay bill payment solutions which allows to reach out to more banks and allows to give solutions around license
   and SAAS model.

• Bhart billpay is biller aggregators at NPCI end which can can be taken as service by banks and other payment aggregators.

2. API solution -Added more accounts into last quarter.
3. Issued 2 new bonus share for each share.
4. Added Savita Vashist as exec. director with 2 decades of exp. of building businesses in software domain and international presence.
5. Mrs Panchi as independent dir. to strengthen overall security and tech space.
6. Awarded by economic times as top performing SME of the year & honored by Nav bharat for innovation in fintech space.
7. UPI volume- 11 billion per month , 40-45% is peer to merchant transaction.
8. Consumer pattern is changing and people are confident abt security and regulations by RBI.
9. Consistent investment in R&D lab and focused on new products and increasing capabilities.
10. Guidance – non-linear growth , creating products without any cost esclation and grow the revenue for each incremental cost.
11. Revenue by Segment: EVOK business -65-70% ,license and services from banks -31-35%,
12. API rollout and other apis- technically its there in Autopay and payout, working on functional side -would be able to launch this qrtr.
13. Project expenses of 10 cr – cost involved for sharing in with banks and third parties involved.
14. International opportunties- Exploring but it would take time as cycle is lengthier nearly 12-18 months.
15. TSP business- It takes lot of time but its a robust revenue model,- first needs to be eligilble & empanelled into BOB, canara, bank of maharastra,
16. In TSP, added new product all together and in evok – new large merchants,
17. New subsidiary Timepay – to act as payment aggregators
18. evok business- 5000 cr of gross transaction, Added 6 more accounts.

Disclaimer -Invested and biased.