Over the last 6 years promotors have reduced stake from 51.35% to 46.09%. Going below 50% ownership does not instill faith. Did management provide any commentary on this?
Posts in category Value Pickr
Indraprastha Gas Limited (Special situation/Long term) (03-06-2024)
Perception wise, this should be good for IGL though the article also does say that the regulatory may move to declare those licensees who have long passed exclusivity period as common carrier. So it’s a bit ambiguous.
Indraprastha Gas Limited (Special situation/Long term) (03-06-2024)
Perception wise, this should be good for IGL though the article also does say that the regulatory may move to declare those licensees who have long passed exclusivity period as common carrier. So it’s a bit ambiguous.
Rural Elect Corp (03-06-2024)
Agree !
But PSE index up 6% where as REC PFC up by 12 % , which means that Mr Market finds these PSU stocks are still value buys within the PSU pack with risk adjusted returns, we as individuals may differ in our views though
Rural Elect Corp (03-06-2024)
Agree !
But PSE index up 6% where as REC PFC up by 12 % , which means that Mr Market finds these PSU stocks are still value buys within the PSU pack with risk adjusted returns, we as individuals may differ in our views though
Rural Elect Corp (03-06-2024)
So they are raising slightly cheaper foreign loans as part of the borrowing framework.
Do we know whether they hedge the currency risk. What is cost of hedging and what would be savings on $ 4Billion if borrowed in India.
And REC has not gone up 11% because of this. Overall PSU have ripped up due to exit polls.
Rural Elect Corp (03-06-2024)
So they are raising slightly cheaper foreign loans as part of the borrowing framework.
Do we know whether they hedge the currency risk. What is cost of hedging and what would be savings on $ 4Billion if borrowed in India.
And REC has not gone up 11% because of this. Overall PSU have ripped up due to exit polls.
Triton Valves Ltd – A Sleeping giant in tire and industrial valves (03-06-2024)
Given that this is a turnaround story and the company only recently went profitable in March of last year (last 2 year, the company was loss making), P/E shouldn’t be the appropriate matrix.
I’ve outlined a few growth-related facts above in addition to the points below:
- Growth in topline accelerated to more than 18% in 2023-24 (12.5% in 2022-23) with improved margins resulting in PBT of Rs 5.24cr vs Loss of Rs 9.53cr.
- The reduction in long-term debt has resulted in decline of interest amount to Rs 2.9cr (in the March 24 quarter).
- Debt to equity ratio improved and company has cash balance of Rs 31cr
- The working capital cycle has improved.
Despite the fact that microcaps’ numbers are easy to manipulate. Nonetheless, given that Deloitte is the company’s auditor, the same may be more dependable and trustworthy.
Triton Valves Ltd – A Sleeping giant in tire and industrial valves (03-06-2024)
Given that this is a turnaround story and the company only recently went profitable in March of last year (last 2 year, the company was loss making), P/E shouldn’t be the appropriate matrix.
I’ve outlined a few growth-related facts above in addition to the points below:
- Growth in topline accelerated to more than 18% in 2023-24 (12.5% in 2022-23) with improved margins resulting in PBT of Rs 5.24cr vs Loss of Rs 9.53cr.
- The reduction in long-term debt has resulted in decline of interest amount to Rs 2.9cr (in the March 24 quarter).
- Debt to equity ratio improved and company has cash balance of Rs 31cr
- The working capital cycle has improved.
Despite the fact that microcaps’ numbers are easy to manipulate. Nonetheless, given that Deloitte is the company’s auditor, the same may be more dependable and trustworthy.
Unihealth Medical Consultancy – The Caplin of Hospitals? (03-06-2024)
Future guidance on the concall, TAM, Promoter’s confidence in the concall everyhting looks and feels good but the price is at the lowest. Is anything hidden or being missed?
I hope it doesn’t turn out to be another Varanium Cloud.
Fingers crossed and tracking closely.