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Posts in category Value Pickr
Atirek portfolio (06-01-2024)
@Aditya_Mittal Thanks for asking this question, I was also doubtful of their margin sustaining after Q4 FY23 result.
I don’t think there will be mean reversion to 15-20% as their product mix has changed. The operating margin in case of human NCE is more than 40 percent in peers. Check Suven for the example.
Considering 45 percent margin for the CMS business and 15 margin for their other business, the weighted average of margin comes out to be nearly 31 percent which is what they have attained.
It can obviously drop to 25 – 26 percent for some quarters going forward(as there is some economies of scale playing out) but it will definitely revert back to more than 30 percent once the share of the CMS business increases further and remain above a certain level.
Its revenue from the commercialised molecule from the CMS business is increasing QoQ for some time now. Hence product mix change is here to stay.
The volatility in the CMS business revenue is mostly due to the developmental molecule revenue which fluctuate on QoQ basis.
There can still be some quarters of the volatile earnings(which obviously is a buying opportunity) but as the share of commercialised molecule CMS business increases, the volatility in revenue will decrease going forward.
Other than this I think the KarXT optionality is not baked into the price currently.
Ex of KarXT optionality the valuation of the Neuland might seem on the higher side for some folks but with the KarXT optionality playing out, we are up for the surprise.
Disclosure: Please do your own research, I have a track record for being wrong.
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (06-01-2024)
The bear had escaped and is now roaming freely in the forest.
It’s beyond me how the broader market seems to have missed identifying this gem. Starting to see some bytes beginning to appear.
Holding since lower levels and plan to remain invested for as long as execution and numbers live up to the potential.
Honestly feel we are looking at a future star. FY 26-27 will see immense execution.
Also, I like the name Balu. Wild & free.
Jupiter Wagons Ltd (previously CEBBCO) (06-01-2024)
Sorry, not tracking Jupiter Wagons.
My response was for FAQ, shall be deleting this message.
Dynacons Systems & Solutions Ltd – A growing IT company (06-01-2024)
Typically for good B2C companies, the ratio could be 80 % and for B2b companies 70 %.
Sanghvi Movers (06-01-2024)
How’s the story looking from this point onwards?
I am reading a lot of comparisons between SM and a smaller player that has a better asset turnover.
Not holding but keenly following SM. Wish I had made an entry severe months ago.
Smallcap momentum portfolio (06-01-2024)
You are absolutely correct!
My look back periods are 1 year and 6 months. If you see the ranking over these periods, it is 11/250 over one year and 27/250 over 6 months. This shows a deterioration in the shorter time frame.
I did a test now to reduce the look back period to 3 months (instead of 6). Apar Inds came out at 150/250. This validates your point completely.
However, my strategy continues to throw up Apar. I don’t do any discretionary entry / exit. I follow the strategy fully.
Dreamfolks services limited( DFS) (06-01-2024)
ICICI Bank updated the terms for availing Lounge facility
- We are updating the criteria to avail Complimentary Domestic Lounge Access Offer on your Credit Card. Starting Apr 1, 2024 , you can enjoy One Complimentary Airport Lounge Access by spending 35,000 in the preceding calendar quarter. Spends made in the preceding calendar quarter will unlock access for the subsequent calendar quarter. To be eligible for Complimentary Lounge Access in Apr-May-Jun, 2024 quarter, you need to spend a minimum of 35,000 in the Jan-Feb-Mar, 2024 quarter and similarly for following quarters.*