My sense is the company can do 185-190cr PAT in FY26, purely based on management’s guidance of 2000cr revenue and 14-15% EBITDA margin. Based on that, it is 14-15x FY26 P/E. Which for a well growing FMCG company with a solid brand and a structural improvement story (led by Project Lakshya) looks inexpensive. Even RoCE will improve due to improved WC cycle. But the question remains whether to trust the management on guidance because they haven’t had a great track record of delivering on guidance
Posts in category Value Pickr
Buying the pessimism: Trying to catch the bottom (30-12-2023)
Agrochemical companies and Bulk chemical companies are the only space where i am finding pessimism… But given the challenging industry situation, it may very well be justified
Praveg Ltd: Play on Indian Tourism Industry! (30-12-2023)
Issue price is 670 Rs which seems good
Capacit’e Infraprojects (30-12-2023)
Please refer the presentations. They have highlighted all the projects…including oberai and raymond and few godrej
Dollar Industries ltd – Fit Hai Boss (30-12-2023)
@Pradyumna_Choudhary what are your calculations to conclude this is inexpensive at current valuations?
Ami Organics – Pharma Intermediates & Specialty Chemicals (30-12-2023)
Lots of happening in Ami Organics in last 2 week.
Known of promoter – Chovatiya family sold large chunk in block deal (However Mr. Patel denied in his previous interview that Chovatiya family is going to sell further stack). Good thing is Good institutions bought it. Stock fell on that day bcoz of large deal goes with discount to LMP.
Interestingly on the same day company files circular that they did MOU with GOG for manufacturer of Electrolytes with global company however I wasn’t able to gauge company name of that Global company. So I highly doubt, this circular was coined on that particular day to just support the price after block deal.
Interestingly another promoter bought 0.2% stack from open market 2 days before.
Bodal Chemical Ltd (30-12-2023)
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/11c9ab50-5534-49b0-a134-04d15df224cd.pdf
New Projects of Specialty Benzene downstream products having capacity of 63,000 MTPA at Village
Saykha, Near Dahej, Gujarat. ( Company did 400 Cr capex for this Green field plant )
Company Expect 320 cr Revenue with EBITDA MARGIN 12 – 15%
Disclosure: Not invested
Dollar Industries ltd – Fit Hai Boss (30-12-2023)
(post deleted by author)
Capacit’e Infraprojects (30-12-2023)
Their order book says Majority is
1.Public Order book
2. High Rise Buildings.
Can someone give an example of Public High Rise Projects?
Are they all Mhada projects?