Please avoid , I can’t talk more than this .
Posts in category Value Pickr
Vivek Gautam Portfolio (07-01-2024)
Meet the Market Masters | Anil Kumar Goel | Chennai
Dont get dismayed by 1 hour duration tape. Double the speed . Pure Gold must watch
Multi-Disciplinary Reading – Book Reviews (07-01-2024)
@phreakv6 As always your reviews all gives good essence of the book. Vipassana teaches the same but in actual feeling. At least for me its tough and painful but if one sit for those ten days the person will have life time experience. Everyone should experience alteast once.
Thanks for the review.
Hariom Pipes Ltd: A Capex Play! (07-01-2024)
Arihant Capital management meet: (was in Sep-oct I guess)
-Tubes & Pipes have various uses… it has never ending usage, it is from frem to automobile to gas to water everywhere
-Using advanced technologies to save cost & lower wastage & power
-No Capex is required till FY26
-Capacity utilization is below 50% in FY23 & with growing sales & volume… utilization can improve & operating Lvg will take into play
-Only in Value added category, No commodity products & not any intention to enter the commodity market (Targeting Value & Low competition area)
-Pipe has higher margins than Coil
-CFO: Had done Greenfield Capex… it requires time to stabilize & in next 6-8 months it will normalise (Warrant money will be credited in next 12-18 month… take care of cash need)
-Targeting 75%+ growth in FY24 & 50% for FY25 & FY26
-USP is 1.5 & below thickness products (Coil is difficult to get)
-FY24 target is around 1200 Cr Revenue & around 12-13% EBITDA Margin
-Targeting 2500 Cr revenue & Avg. Realisation of Rs. 9500 approx (from now Rs. 7500), Targeting Gujarat & Rajasthan market
-Perundurai plant will target the south market: Kerala, Tamil Nadu & part of Karnataka
-Hyderabad plant will cater to the Gujarat & Orissa side (West & East side)
-Due to forward & backward integration can manufacture products at lowest cost & at fast pace compared to peers
-Perundurai plant will stabilise in H2FY24 and will target further VAP market to expand margin
No Recommendation
Invested & Bias
Hariom Pipe Industries Ltd & Arihant Capital MarketsLtd | Bharat Star Rising Summit 2023
Is China investible? (07-01-2024)
Yes, they are not accepting fresh orders for this MF. I am unable to see this fund on Zerodha as well.
Axis is the only good option available considering the expense ratio. Taxation on profits will be as per the slab rate.
Is China investible? (07-01-2024)
Could you please tell me what is the total expense ratio of axis Greater China fund including then expense ratio of underlying fund…thanks
IIFL Finance (erstwhile IIFL Holdings) ~ Retail focused diversified NBFC (07-01-2024)
Details research report by MOFS
IIFL-Finance-05-01-2024-moti.pdf (5.1 MB)
Power Infra Sector (07-01-2024)
You need to put detaled stock analysis. Few liners does not suffice. This thread is closed till you comply.
Power Infra Sector (07-01-2024)
I read some interesting articles about the EPC in T&D power sector, the sector looks promising with lot of tail winds, as of 2023 mid year the order book was around 1000 cr for Bajel projects and recently they got order worth 700+ crs in second half of 2023. Negen capital who usually buy the stocks in special situation bought the shares bulk @116 which is giving more convection for buy. I invested at 114 and would take a call on additional investments after their board meeting on 09Jan2024.
Share India Securities – will they give security to Retail (07-01-2024)
Company looks Interesting however increasing promoter pledge is concerning, any details about it will be appreciated.