Sir, Thank you very much for the insight.
Sir, Do you mean Astral has less chance to become 10 bagger from hereon
Posts in category Value Pickr
Megamind portfolio (05-01-2024)
Adding Vedant fashion CMP: ₹1217
5yr ROCE 30%
Debt to equity 0.27
5yr OPM 44%
Double digit profit growth
High promoter holding
Indus Towers Limited (05-01-2024)
That’s good news considering the stock was mirroring VI in price movements for a long time now.
Titagarh Rail Systems – Is this train finally moving? (05-01-2024)
FII holding as of Dec-23: 20.25% vs. 16.85% prior quarter.
DII holding as of Dec-23: 10.45% vs. 11.57% prior quarter.
Wonderla Holidays (05-01-2024)
I have been invested with my first buying at around 205 levels, at that time I anticipated 750-800 would be an ideal price. Although fundamentally it performed way better I don’t want to give up gains in case the market turns bad and this company falls more.
So, I am riding the momentum currently, and if the price reverses or breaks the support zone. I would exit and protect my gains. This is how I am looking at it, although there can be many perspectives from different investors.
Regards,
Investing Basics – Feel free to ask the most basic questions (05-01-2024)
IDBI Bank belongs to private sector.
Promoter holdings is 94.72%.
Shouldn’t it be max 75% as per SEBI rule ?
OR
does one of the promoter entries needs to be put in some other bucket?
Indus Towers Limited (05-01-2024)
I checked the second point – stock definitely seems to have reacted to that. But it looks like Indus is not very undervalued based on Brookfield’s acquisition price (If we assume ATC and Indus have the same type of towers).
Brookfield paid US$ 2.5B for 77k ATC towers, which is around US$32.4k / INR 27 lakh per tower. If we multiply Indus’ 204k towers by INR 27 lakh, we get an enterprise value of INR 55,080 Cr. This is slightly lower than current EV of Indus : 55,960Cr. market cap + 4,500 Cr. net debt = 60,460 Cr. EV.
However, I think ATC towers may not be as valuable as Indus based on the tenancy factors (1.54 for ATC vs. 1.79 for Indus). This points to Indus having more large towers (ground-based towers) compared to smaller ones (feather sites and antennas). If I multiply the EV by this factor (1.79/1.54), I get a total EV for Indus of 64,021 Cr. (slightly higher than current EV). Note: this is only my speculation, without having done a thorough asset scan of both companies.
However, one other tangible advantage for Indus is that there are fewer competitors in the field and more expectations for rational pricing (knowing that Brookfield would look to get a good return on acquisition price). So, there are probably lower chances of a price war now.
Sources:
Screener.in: The destination for Intelligent Screening & Reporting in India (05-01-2024)
@kowshick_kk Is there a way to build a screen to run against companies added in my watchlist(s) alone? Currently any screen runs against the entire listed companies space.
Ronak’s Portfolio – building it slowly (05-01-2024)
For example, in case of LTI mindtree , PE is 39 but if its earnings arr depressed from last 2-3 quarters compared to earlier period, then Its PE is not reflecting the correct picture. May be real PE is less than 20 but due to depressed earnings ,its showing 39. Just check its earnings compared to earlier periods and PEs too
Olectra Greentech – Electric Bus Opportunity (05-01-2024)
Quoting from the tender document –
i) 25% of the buses should be delivered within 4 months of date of issue of LOA,
ii) Additional 50% of the buses should be delivered within 7 months of date of
issue of LOA
iii) Balance 25% buses should be delivered within 10 months of date of issue of
LOA.
The LOA will specify the depot where the Buses are to be delivered and the same
shall be subject to inspection & acceptance of BEST.
Once LOA is issued,
600 buses should be delivered within 4 months
1200 buses should be delivered within 7 months
600 remaining buses should be delivered within 10 months.
Olectra really needs to ramp up production.