Output is higher as crushing capacity in mills has increased over the years. so output every month will be higher.
But the real picture will emerge when the crushing in mills of Maharashtra stop… which i anticipate will happen a month earlier this year… thats when prices sugar will jump…
Also with lower recovery at 9% in Maharashtra their cost of production will be much higher this year.
Posts in category Value Pickr
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (17-01-2024)
MapMyIndia – The Map Company (17-01-2024)
Is this going to be new use case for mapmyindia?
ICICI Securities Ltd (17-01-2024)
ICICI sec has long disconnected itself from the delisting ratio price for a bit now. Q3 results were robust. Will the delisting go through? What next?
Starting off with Value Pickr (17-01-2024)
@M_K_Srikanth I was holding this stock couple of months back and booked profits after wards I have not tracked this stock.
Just had a look at it today . Fundamentals are good for this company however the recent issue with Polycab have scared investors/promoters I guess. Ultracab had received large order in Nov 2023 from Sterling and Wilson Private Limited of around Rs 47.78 crore for supply of LT AB Cable. This supply project will be completed by Mar 2025 as per news reports.
Stake sale by promoters is nothing to be surprised about. Several promoters pared stake and booked part profits in 2023, as markets climbed new highs. But promoters need to disclose such trades, which is the missing link in Ultracab. Apart from this point I dont see any issue.
PS: I am not holding any Ultracab shares now.
Sky Gold ltd. – Will it reach the sky? (17-01-2024)
unable to understand this ,promoters issued 1.5% extra shares (2/132.8)but stake only increased by 0.61% ? Can anyone explain?
ValuePickr- UAE (Dubai) (17-01-2024)
Hi, I am happy to join. Looking forward to meeting members.
Starting off with Value Pickr (17-01-2024)
Hi @Sankar Are you tracking Ultracab? Can you help me understanding these facts?
- I was checking it on screener and found that promoters decreased their ownership from 62% to 27% in last 6 months.
- At the same time company secretary also resigned within 9 months of joining.
Is there any corporate governance issue in company?
MapMyIndia – The Map Company (17-01-2024)
Still has a ways to go before the masses prefer it over Google Maps. Wouldn’t show the shorter path to Nariman point via the newly commissioned Atal Setu bridge from Mumbai Pune expressway. Time difference being 45 additional minutes compared to Google maps which increased to 75 minutes during office hours commute
Disc: Invested and no transaction in the last 30 days
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (16-01-2024)
Sugar production data till Jan 16:Season 2023-24: India’s Sugar production reaches 148 lakh tonnes – ChiniMandi
Screener.in: The destination for Intelligent Screening & Reporting in India (16-01-2024)
Is the free cash flow mentioned in screener a reliable measure? Do you guys use that or calculate your own fcf with Excel sheets?