They are entering into newer states and it’s obvious that to sustain they must give higher credit period and thus receivables are high.
Posts in category Value Pickr
Schneider Electric Infrastructure: A global company with advantage of a industry tailwind: (02-06-2024)
yeh most of them are very confusing couldn’t arrive at clear vision nor understanding!!
IDFC First Bank Limited (02-06-2024)
Hi Asutosh, on a theoretical basis, i agree with your point. However continuing equity dilution is not value accretive from a shareholder point of view… The bank should create good amount of growth capital from internal accruals, once its Cost to Income ratio improves. The management (basically Vedi) has guided reduced branch openings in future; the existing bouquet of products has seasoned and will become profitable; the deposit collection machine will continue to deliver; the provisioning will stabilise-assuming there is no blunder in the making; 20%~ loan growth will continue. All these will have a positive impact on the numbers and then the stock price
DLF – fill it , short it, forget it (02-06-2024)
The stock is in a strong bearish phase… A high beta stock, regularly gives solid breakdowns… this one is expected to continue for a while as its come after a huge rise. 38% retracement is @ 790 and then its all the way down to 740. Fundamentally the sector is in a uptrend and this being the strongest play in the sector will ultimately make a new high (cross1225), the management is doing all the right things - being conservatively aggressive (as the recent golf course extn land buy demonstrated), Mumbai entry, Goa-crazy development… should be a trend setter. Margins should look up now as the new-price products start getting delivered - the focus clearly being on timely execution… Sales momentum is on with the Super-premium (better than Camellias) on the way. 17k cr sales guidance should be beaten. Balance sheet has never been better. The rental piece firing on all cylinders… 6kcrs FY25 exit rentals guided. What can go wrong?? Haryana Politics-Can it have an impact?
Yash Pakka – (Previously Yash Paper) – Rising from ash (02-06-2024)
PAKKA LTD PERFORMANCE NOTE FOR Q4 FY24 DOWNLOAD FROM THIS LINK.
DISCLAIMER: I AM NOT A SEBI REGISTERED RESEARCH ANALYST/ ADVISORY.
THIS REPORT IS JUST FOR EDUCATIONAL PURPOSE.
Sharda Motors – Emission tailwinds or EV threat to exhaust systems? (02-06-2024)
Record date is 5 June.
Rahul Singh Portfolio (02-06-2024)
Recentyl Sumuka agro has announced its Q4 numbers. Numbers were in line of expectation.
But it has come with some negative points from auditers.
Kindly find below snap of auditer view .
- I usualy prefer stocks which are being accumalted by promoter. Here promoter has stopped buying shares where promoter holding is still at lower side.
- Since I have lost money in this type of companies previously I would like to stay from this kind of promoters who is not supporting or furnish the required information to auditers. Example- sanwaria consumer
3.Company products visibility is not increasing since last 1 year. they still have 2 SKU on flipcart and no SKU on amazon.
Hence I would chose to stay away from SUMUKA AGRO
@akash_das since you track this company let me know your view as well.
KDDL (Ethos Watches) – Scalable business model at an inflection point? (02-06-2024)
Ethos FY25 concall summary
https://x.com/radireddy/status/1797168793778561377
My portfolio updates and investment journey (02-06-2024)
Jaiprakash sir, how to calculate any asset life?
2- sir agr koi company asset ki value balancesheet may uski life ke pahle he dikha kr clear krti hai to ya red flag ku hai.
Mujhe lgta hai agar company agr company jaldi show kragi tabhi to profit show kragi balancesheet may.
Pls is guide Kro ku?
Sir Mai RAB ko study kr rha hu.
Carysil (earlier Acrysil) – Kitchen sinks (02-06-2024)
Carysil -
Q4 and FY 24 concall and results highlights -
Q4 outcomes -
Sales - 191 vs 146 cr
EBITDA - 35 vs 26 cr ( margins @ 18 pc - flat YoY )
PAT - 16 vs 12 cr
FY 24 outcomes -
Sales - 684 vs 594 cr
EBITDA - 129 vs 110 cr ( margins @ 19 vs 18 pc )
PAT - 58 vs 53 cr ( due higher depreciation, interest costs and higher tax rates )
ROE @ 17.4 pc
Only company in Asia to manufacture Quartz Sinks. Current capacity @ 10 Lakh sinks / yr. Company makes 150 different sizes / designs of the same. 50 pc of company’s topline comes from Quartz Sinks segment. 28 pc of topline is contributed by the solid surfaces segment
Company’s steel sinks capacity @ 1.8 lakh sinks / yr. Company only caters to the premium segment. SS sinks contribute to 11 pc of topline
10 pc of topline contribution comes from selling Kitchen appliances ( Company also makes some of them, and trades in others )
India business growth for FY 24 was tepid @ 6 pc. This is an industry wide phenomenon ( ie building materials Industry ). Aim to grow by 15-20 pc in FY25. Company’s focus remains the luxury and premium products. To keep pursuing the B2B segment - ie directly selling to builders
Company is planning to raise upto 150 cr via QIP
UK contributes to 30 pc of company’s topline. Getting good orders from Howdens UK ( a big - organised retailer )
Exports : Domestic sales breakup @ 80 : 20. All of India sales are recorded under company’s brand - Carysil. Only 20 pc of export sales are under company’s brand name. Aim to take this up to 30 pc in the medium term
Higher freight costs due Red Sea crisis impacted the EBITDA margins by 100-150 bps in Q4
Company is guiding for 20 pc organic growth + 150 cr topline kind of Inorganic acquisition to meet their 1000 cr topline guidance for FY 25
Avg realisation / Quartz sink is around Rs 5500. For steel sink, its around Rs 4200
Disc: hold a tracking position, biased, not SEBI registered