Tushar Bohra co-founded MK Ventures with Mr. Madhusudan Kela. Siddharth Shah & Sumit Bhalotia are the fund managers in MK ventures. All are invested in their personal capacities.
Posts in category Value Pickr
Fino payments Bank – Can the unique business model spring a surprise? (02-02-2024)
Is any banefit after RBI decesion on banning to Paytm payment bank…
Burger King ~ Whopper of an Opportunity (02-02-2024)
A popular investor vineet Bhatia is heavily invested in BK…and he shared how company is working to give unique taste to customers.
Burger King ~ Whopper of an Opportunity (02-02-2024)
What about the taste differences even if the items are the same? People who like BK’s taste will go there, and not to McD, even if McD prices its items lower than BK, and offers same quality. I cannot recall the taste difference between Coke and Pepsi, but they have been in business for decades. So can an argument exist for all these different QSR businesses to coexist and grow?
No investment in any QSR, interested in the broad theme.
Walchandnagar Industries | Return of a Golden Era (02-02-2024)
He is the co-founder at MK ventures, along with Madhu Kela. Although, it appears he has invested in his personal capacity, not as MK ventures, and Madhu Kela isn’t in. Which is fine.
The preferential was at around 114/share right?
Ajay Upadhyay has gotten in earlier, I believe around 50-70ish.
Walchandnagar Industries | Return of a Golden Era (02-02-2024)
Things were not good in recent past thats why this is a turnaround investment opportunity.
If management execution was good this would have been a 10-15kcrs marketcap company instead of 800crs marketcap
The bet here is on potential turnaround in next 2-4 quarters driven by renewed management focus, hug fund raise and industry tailwinds.
Poor Q3 results were already known to the market because of labour strike which lead to 30crs revenue loss and profitsbility. Please read press release in detail.
We can’t keep on discussing what happened in the past as its irrelevant to the investment thesis.
What needs to be discussed is what kind if numbers the company can post.
Also, if you are not convinced that the turnaround is possible then please skip this. There are many other opportunities available in the market!!!
Rategain – Fast Growing SaaS Leader (02-02-2024)
Good summary. You got mixed up with distribution and DaaS. DaaS has been their best performing vertical.
Now that all the acquisition led growth is accounted for, it will be interesting to see how their Q4 numbers will look like (Adara was acquired in Q4FY23) since it will be all organic growth. Frankly I feel Rategain should be able to cross the 1000cr revenue for FY24 (or come very close to it) as Q4 has historically been their best quarter. Also, the management has been always under promised with their guidance, so realistically, I will be surprised if it takes them 3 years to double their revenue, especially if they do acquire another company or 2 in the due course.
Disc : Invested and biased.
Koustubh’s Portfolio (02-02-2024)
Shree PAcetronix – Although QoQ results in Q3FY23-24 have been a little dismal. Overall 9MFY23-24 has been good enough. We see growth in Sales Revenue, Net Profit and EPS too.
Why then the share’s price has been rolling down in such a hurry? What is that info about the company, which is not available in the public domain?
Walchandnagar Industries | Return of a Golden Era (02-02-2024)
Pref funds allotte list include Ashish Kacholia, Tushar Bohra (i think he is associated with MK Ventures)
Walchandnagar Industries | Return of a Golden Era (02-02-2024)
Notes from caprize investment managers:
Funds raising Plan is to invest 100cr over the next 18m for capex with possible asset turn of 10x. The company aims to achieve a turnover of Rs. 1,500 crores to Rs. 2,000 crores per annum in the next five years, with EBITDA margins of 20% to 22%. FY23 rev stood at 322cr.
What does the company do?
Manufactures hardware for launch vehicles (SSLV, PSLV, GSLV); equipment for nuclear reactors; marine gearboxes for naval frigates, corvettes, submarines, missile hardware/launchers, etc
Key Segments
Aerospace: Solid Propellant Motors, Nozzle End Segments, and Strap-On Motors
Missiles: Motor-casings for tactical and strategic missiles
Defence: Mobile Missile Launchers, Mobile Bridges, Containers and Launchers
Nuclear: Heat Exchangers, Calandria, End Shields, and Shield Tanks
Industrial products: Gearboxes, Castings, Centrifugal Machines and Crushing & Grinding Equipment
Key Clients: ISRO, BDL, HAL, DRDO, NPCIL
With the massive Make-In-India push along with rising intensity of public-pvt partnership in defense, we believe the company could be on the verge of a MEGA turnaround with major push coming from ISRO/Aerospace and the Defence/Missile program.
What to monitor?
Order Book – 822cr as of last qtr, 1500cr of offers in the pipeline. Potential: 3x with ISRO OB, 2x with Missiles, 3x with NPCIL
Debt reduction – Current total debt 478cr (LT 261cr)
But how does one evaluate a company with highly checkered past, limited/narrow public information/understanding.
While the past performance has been abysmal (300cr+ cumulative losses), Definitely a watchlist candidate for the next 4-6 quarters!