https://nclt.gov.in/case-details?bench=Y2hlbm5haQ==&filing_no=MzMwNTExODAxOTc0MjAyNA==
.
Next date of hearing is 24th of July…so no NCLT approval and no merger until that atleast…
Posts in category Value Pickr
IDFC First Bank Limited (03-06-2024)
Indiamart Intermesh – Indian Alibaba? (03-06-2024)
I took a position on Indiamart intermesh on friday, 31 May, 2024.
What I liked :
- Negative working capital
- Very healthy free cash flow and growing
- Compelling valuation compared to historic multiples
- Management willingness to return cash to shareholders
- Healthy return ratios
What I worry about:
- Stress in MSME sector, I do not know if the worst is over
- Heightened competition from the like of JD etc
- The strategic investments in various companies doesn’t seem to scale fast
- Very low paying customer base, compared to total registered suppliers
Arman Financial Services Ltd (03-06-2024)
So by judging the collection efficiency numbers, what is your assessment for the credit cycle? Collection efficiency is down almost 150bps from around 98% to 96.5%ish. Can this be viewed as credit cycle turning? Or we should wait for a few quarters to actually see that in numbers? Thanks!
My portfolio updates and investment journey (03-06-2024)
@joinjp2003 Dear Jai, what factors triggered your entry in Sandhar…
PI Industries – Superior Business Model (03-06-2024)
Is it due to promoter’s selling?
No, mainly it is due to QIP that company done for fund raising.
Techknowgreen Solutions Ltd (03-06-2024)
I think, this company has huge potential, but them are some points to be noticed.
While going through DRHP, I found out that compant has filed 5 cases, in which case no. MH/26/M/PNE/01529, against Delhi Jal board where it has Rs. 43100000 approx and I think same was falling under 2020-21 accounting year when it sales was approx Rs. 78100000. On the msme website case is still pending, There are 2 cases more with smaller amount.
Yesterday, I mailed to company about the same, for which I received prompt reply from the company side ( Copying and pasting content. )
Dear Sir,
Thank you so much for writing to us. I am really glad to know your interest in TSL.
The case you are referring is still pending & there has been to & for exchange of information as well as a few hearings through MSME and we are awaiting logical conclusion to the case which is surely expected to be in our favour since the work was already done on site and due to certain administrative approvals and protocols.
There are no other cases as such regarding payment from Government or semi governments other than those listed in the DRHP.
As rightly referred by you I had mentioned that TSL is comfortable working with government & semi government organizations since the allotted funds are all paid in time and other than the case referred no other concerns have been ever addressed as such in TSL’s working with government agencies.
TSL has 64 staff members with additional 12 empaneled experts but I am not sure what capacity utilization means in this case.
I hope this shall settle your queries and I shall be glad to be of any further support in case if you wish to connect with Management of the Company.
Thanks & Regards
Vinayak Chindak
Company Secretary and Compliance Officer
Techknowgreen Solutions Limited
Mob No: 9607002553/8888995928
Kindly, note that being a microcap, there is low CFO / PAT ratio, but I think it can be ignored for now.
My views can be biased.
( Words from the management side during IPO. )
SME IPO | Techknowgreen Solutions Ltd | Dr. Ajay Ojha | Dhaval Patel Sanfu Jain
Techknowgreen Solutions Ltd (03-06-2024)
About the company: Incorporated in 2001, Co is one of the first companies in India to provide environmental IT solutions through software applications and compliance solutions, with 20+ years of experience in executing 2,500+ projects using cutting edge technology.
Service Offerings: Consulting: Services: Environmental assessments, compliance, due diligence, design. Info Tech: Wastewater management, air quality solutions, solid waste solutions, remediation, IT, applications, and IoT, for environmental and compliance needs.
Research Policy & Engineering: Offerings encompass CCUS, Blue Carbon modelling, Carbon sink, methane neutrality, Climate resilience, Wastewater trading, circular wetland tech, NBS, surveillance, Compliance monitoring, Big data, CBA, analysis of Alternatives & policy screening.
Industry catered to: Infrastructure, Chemical, Automobile, Healthcare, Manufacturing, Data Centre, Info tech industries, Real estate national/state government.
Clientele: Government, semi-government organizations, MNCs, large companies, mid-size companies & MSMEs & more.
Words from the management side-
Based out of Pune, Techknowgreen Environmental Solutions was earlier a partnership company which was formed in 2001. And in January 2023, it converted into a publicly-limited company. And in September 2023, got listed as the first environmental consultancy firm which are providing all So environment-related integrated services all across India.
It basically work in three verticals.
First is consulting, wherein it provide two types of services. First is regulatory services, wherein all permit-related services, as well as audit, cost- benefit analysis, then due diligence, all these services cover as a technical part of environmental aspects, wherein the standards laid down by statutory bodies are verified and see to that clients adhere to those standards. So that comes under the regulatory part of it. SEBI has given a guideline for first 1,000 companies to do their sustainability reporting. TSL is part of it. It is providing those kinds of services. In addition to that, it is also working on carbon capture, carbon credit and net zero plans. It has also got an order from Maharashtra Pollution Control Board for 4,300 cities to prepare their carbon action plan for the neutralization of carbon. So that is under sustainability part of under consulting.
Second is technology, which further gets bifurcated into two parts. One is implementation part of it and second is information technology. So under implementation, it deals with different kinds of pollution problems, such as wastewater treatment, so domestic as well as affluent wastewater treatment. In addition to that, air pollution on urban as well as industrial scale, but solid waste management and other related services with respect to the new notifications. So that is what it works in implementation. It has recently got a patent on its name for circular economic wetland technology. And it has also developed one product known as Yuka Yantra for urban air hotspot air pollution management. So that is control equipment, that is basically, which also got approved by Maharashtra Technical Committee and it is providing that particular product to different CSR as well as to different industrial clients as well. In information technology, it is the first company who is working with respect to information using the information technology tools for environmental compliances. So it has developed certain apps as well as software’s for monitoring as well as compliance of the environmental standards. So that is about information technology.
And third is the research wherein it works on engineering part of it and policy part of it. So different policies which government are coming up with. So whatever cost benefit analysis or a social impact assessment kind of a study or how that policy will serve for the betterment of the society, that kind of study it does under policy basically. And related to engineering, it carries out all problem statement idemnified from the market that what problems basically industries are facing, and government are facing. It comes up with the solutions to basically deal with that. In addition to that, it also serves almost 18 sectors across the market.
Disc- Invested.
Note - This is first time I have created a new topic., So, please point me out, if I missed something.
Unihealth Medical Consultancy – The Caplin of Hospitals? (03-06-2024)
I cannot believe the stock was down 5% today, market knows something we don’t.
Journey and Portfolio of a goal-based NEEV investor (03-06-2024)
Portfolio update:
Date: 3rd June 2024
Short update: Did nothing. Continuing to buy, hold & track while focusing on portfolio longevity and respecting mean reversion and probability.
However, keeping a close watch on PHANTOM VFX, VBL, NARAYANA and WONDERLA.
Here’s my latest portfolio :
Stock name | Weight | Avg P/E | Total P/L | IRR | Action |
---|---|---|---|---|---|
MOST 100 ETF | 8.9% | 19.3 | 53% | 29% | |
TATA INVEST CORP | 7.4% | 24.6 | 244% | 148% | |
BANK BEES ETF | 7.2% | 12.4 | 33% | 18% | |
TIPS LIMITED | 7.1% | 19.3 | 118% | 60% | |
BAJAJ FINANCE | 6.9% | 22.2 | 28% | 11% | |
COAL INDIA | 6.8% | 4.5 | 80% | 109% | |
TITAN | 6.5% | 46.7 | 76% | 23% | |
IRCTC | 6.3% | 26.8 | 184% | 55% | |
CASH | 5.5% | - | |||
DIXON | 5.5% | 42.2 | 257% | 98% | |
PIDILITE | 4.5% | 56.5 | 54% | 18% | |
ASIAN PAINTS | 4.1% | 46.9 | 8% | 8% | |
INDIAMART | 3.8% | 44.7 | -2% | 28% | |
VARUN BEVERAGES | 3.8% | 44.2 | 94% | 57% | |
NARAYANA HEALTH | 3.7% | 23.5 | 30% | 33% | |
TATA ELXSI | 3.2% | 34.2 | 59% | 51% | |
AMARA RAJA * | 3.1% | 14.0 | 74% | 109% | |
IEX | 2.9% | 14.7 | 165% | 18% | |
WONDERLA * | 1.5% | 32.5 | -7% | -17% | |
PHANTOM VFX | 1.4% | 34.0 | -7% | -11% |
*(asterisk) signifies <1 yr holding period.
Note: Overall cash position is at its highest as per expectation in 2024.
Here’s the return profile till 31 May 2024:
TRI till 31 May 2024 | 1M | 3M | 6M | 1Y | 3Y | 5Y | Since inception |
---|---|---|---|---|---|---|---|
PORTFOLIO | -2.1% | -1.8% | 13.8% | 35.1% | 15.0% | 21.9% | 20.9% |
NIFTY 50 | -0.2% | 2.1% | 11.6% | 21.3% | 13.0% | 14.2% | 14.6% |
NIFTY 500 | 0.2% | 4.4% | 16.8% | 33.6% | 17.4% | 17.3% | 15.9% |
Note: 1/3/6M is in absolutes while the 1/3/5Y/SI is annualized. The inception date is 10th Nov 2016.
Disclaimer: I am neither a financial nor a SEBI registered advisor. The content shared here is only for learning purposes. So please use your discretion to make any buy/sell decision and not use the above as a recommendation.
Mudit’s Portfolio (Stage Analysis + Relative Strength) (03-06-2024)
dear mudit, don’t you think defence and raiway stocks are overbought and over valued…which stocks from these sectors are you holding and are you comfortable with their valuations…