can you please explain
Posts in category Value Pickr
Hindustan Zinc – Galvanize Capital of Investors? (19-01-2024)
Q3 Results downplays the cash crunch company is going through thanks to the liberal dividends paid to benefit Vedanta.
Burgeoning interest cost and negative working capital combined with poor sentiments prevailing in metal prices will have more adverse impacts on the stock.
I don’t expect fancy dividends to continue in the near future until the cash position improves considerably.
Oracle Financial Services (19-01-2024)
Only Dolat capital covers it and has a target of Rs 6260
But my view is this may get re-rated beyond standard valuation framework. As people deep dive and do comparative valuation with other IT companies which have slowed to almost zero growth and are impacted by looming US slowdown, they may be willing to pay a premium for OFSS as it has diversified portfolio of global banks (60% in developing world) and a robust SaaS product portfolio (huge op leverage as license fees compared to headcount services biz).
Still slightly lower than valuations of Newgen/Intellect/Temenos .
Disc: Not investment advice. Too expensive for my taste beyond 4000 
Glenmark Life Sciences (19-01-2024)
Its a good development for GLS. Management was talking about 3-4 CDMO deals since last 2-3 quarters and its good to see they are getting the traction now. CDMO revenue is very small (7-8%) currently but they plan to take it to around 15% in next 3-4 years. In last quarter they said they plan to do more with new management than what they are doing currently. We should get more updates on the ownership change during the Q3FY24 concall on 24th Jan.
MapMyIndia – The Map Company (19-01-2024)
Big Win: Hyundai and Kia.
Disc: Invested
MapMyIndia – The Map Company (19-01-2024)
Big Win: Hyundai and Kia.
Disc: Invested
Deep Value – RPSG Ventures (19-01-2024)
There is already an existing thread on RPSG ventures.
Deep Value – RPSG Ventures (19-01-2024)
There is already an existing thread on RPSG ventures.
Deep Value – RPSG Ventures (19-01-2024)
There’s a 3k crore debt that you’re missing. Also, the holding company discount is pretty common in such cases, & a lot of these are private businesses, whose valuations might not be accurate.
That being said, the promoter participation in the QIP does give some confidence…
Deep Value – RPSG Ventures (19-01-2024)
There’s a 3k crore debt that you’re missing. Also, the holding company discount is pretty common in such cases, & a lot of these are private businesses, whose valuations might not be accurate.
That being said, the promoter participation in the QIP does give some confidence…