How long have you been investing? What was your thought process of having so much allocation in Jindal Drilling?
Posts in category Value Pickr
Shree Ganesh Remedies Limited (SGRL) – A pioneer in API intermediaries and Speciality chemicals? (04-01-2024)
Happy new year 2024, everyone.
Scuttlebutt from EPFO website to get a feeling of salaries and increments, number of employee etc. I will be doing that in coming days.
I did some analysis of the number of employee data reported to EPFO. Company has been recruiting people continuously and currently have 121 employee as of Nov 23.
They are consistently adding more than 20% workforce every year except for last couple of years where the growth is >15%. Though we still have 4 months left in 2023/24. There is a sudden dip in Dec-18 causing a substantial reduction in number of employee and they are back to Mar-18 numbers in Mar-20.
Interestingly revenue per employee peaked in Mar-20 (~1cr) and again started rising after Covid dip, they are still behind the Mar-20 peak. Profit per employee is consistently around 16 lakhs. New business orders in coming quarters should help increase these numbers (operating leverage kicking in), as long as company is hiring workforce this should be a good sign that company is in expansion phase and trying to become a pioneer in the field they are operating in.
Ronak’s Portfolio – building it slowly (04-01-2024)
As I mentioned earlier, I want to streamline all my investment this year and am trying to decide my strategy going forward.
At one end, the theory is that large caps have not performed well, and Nifty PE is 23. But on the other end, it is true that Nifty has given positive return for 8 straight years, and major companies in Nifty are not trading at cheap valuation.
keeping aside the overall index, if we try to take very quick sense check across key sectors and market cap, it does not appear anywhere in range where we can feel confident to invest.
For example starting with IT, If we look at IT in various categories, none looks reasonable at these valuations.
Similar case for FMCG
In Building material even if we ignore Asian paint, Pidilite or Astral other stocks such as Cera, Hindware, Apollo pipes, HIL are trading at higher than historic valuations.
Similar case for the likes of Polycab, Havells or QSR companies
Diagnosis players are trading at more than 60 PE
Even if we look at some overlooked sector such as logistic, it’s hardly trading anything cheap.
Not going into EMS sector at all.
Now I know PE is not the only way to conclude anything but it does give the direction.
There can be space in the market where still value is there but it is not easily available. Now either I am looking at all the stocks where story has been identified and hence I find everything costly or this time is for industrials so time for B2B where I do not have any edge.
For all the success stories we hear in the market the summary really is that the starting valuation was low and that clearly is not the case. I would like to swing my bat but when there is free hit.
So for now I am just thinking to pause my investment , not booking any profit but wait for the time when I feel confident.
In watchlist (mid and small cap) : Devyani, Westlife, Bikaji, Affle, Latentview, Cera, Carysil, Apcotex, LaOpala, Syngene, Dr lal
Meanwhile, I will keep following @ranvir , @harsh.beria93, @Investor_No_1 , @hitesh2710 and other VP members for ideas
Pricol limited – OEM automotive (04-01-2024)
It can do around 250 Cr PAT by FY 26 which is doubler from TTM.
What multiple to assign is depends on individual to individual.
Disc- Invested
WAAREERTL – has the boat sailed? (04-01-2024)
Ran up too quick too fast… Margin of safety is less. Wait for the correction.
Stock split has been announced by the company today.
Portfolio Tracker – Google Sheet (04-01-2024)
It seems unethical to modify and sell a free Google portfolio sheet. This is something that I have not seen on this platform and against the spirit of this platform.
@sharath23v – thanks for highlighting this.
@Administrator – Please look into this and suggest.
Omfurn India Ltd (04-01-2024)
FPO DRHP available on NSE website.
OmfurnIndiaLimitedFPO_DRHP.pdf (nseindia.com)
Now will be spending time to go through whole report.