Technically looks good:
Posts in category Value Pickr
IRM Energy – A new kid on the (listed CGD) block (14-12-2023)
But IRM Energy has professional management and board is chaired by a retired IAS officer.
Promoter is on board as non-exec member.
There is nothing to complain about execution so far.
Also IRM energy seems to be vision of the chairman. He has excellent credentials.
IREDA: Renewable Energy Powerhouse (14-12-2023)
Business
IREDA, is a non banking financing company which provides financial assistance to renewable energy projects like power generation, equipment supply and fuel source projects including wind power, solar power, hydro power, biomass.
The Company’s primary sources of funds include domestic and foreign borrowings, internal resources and Government of India support.
Thesis
- Supported by the Indian Government
- Low cost access to funds
- Experienced Management, CMD previously worked in Rural Electrification Corporation
- India to target 500 GW renewable capacity by 2030.
- 30% EV Adoption target
- Business is separate from REC/PFC, hence little competition.
Financials
- Market Cap: 32,000 Crore
- PAT growth of 58%
- Loan book growth of 30%
Anti Thesis
- Stretched Valuation
- Not diversified, fully focused on renewable energy sector.
- Standard Risks of a Government Company
- Interest rate risk, Bad loans risk
Near term triggers to look out for
- Company to get Navratna status soon as per Chief MD
- Launched retail division, focusing on PM KUSUM & Rooftop Solar
- Next quarter earnings.
Sources
- IREDA share price | IREDA: IREDA chief expects navratna status soon, not worried about REC, PFC competition – The Economic Times
- https://www.ireda.in/home
This is what happens when three hot sectors: PSU, NBFC and Renewable Energy meet 
Disclosure: Lucky to get IPO Allotment, and also accumulated on listing day.
PPFAS Financial Opportunities Forum (14-12-2023)
I don’t agree mala fide interest of PPFAS. You can have such cautious guidance from other well know small cap fund managers (The reasons why Pankaj Tibrewal of Kotak Mahindra AMC is cautious on small and micro cap stocks)
Veteran Fund Manager S Naren asks investors to exercise caution as market hits all-time high
I have seen most of new investors are blindly investing in small caps without proper diversification. For these investors when tide turns they might lose money seriously as they might not have patience to remain invested during the serious correction cycle. I think this is the message are being given by all reputed fund houses/fund managers focusing on new /non-experienced investors.
Disc – I have investment in PPFAS Flexicap, Axis Small Cap and SBI Small Cap MF
AGI Infra Ltd a real estate small cap opportunity (14-12-2023)
AGI Infra Ltd a real estate company from Jalandhar Punjab is anyone tracking this company
Hitesh portfolio (14-12-2023)
Could you please share the link of the webinar?
IRM Energy – A new kid on the (listed CGD) block (14-12-2023)
May be because of promoter. Just google cadila pharma promoter and his way of handling business.
Cadila pharma itself has lagged in terms of growth.
Texmaco rail and engg. – A high tech total rail solutions provider (14-12-2023)
New order win from Indian Railways for manufacturing and supply of 3400 BOXNS wagons (freight wagons) worth 1374 crores. Announcement here – https://www.bseindia.com/xml-data/corpfiling/AttachLive/4072c854-fee5-4639-8244-d52e5ce849f5.pdf
Slightly smaller order than what Jupiter Wagons received (4000 wagons). Not sure what was the total order size and if any other wagon manufacturers also got a part of this order. Didn’t see any news from Titagarh wagons on it yet.
JK tyres – Catching the speed (14-12-2023)
Hi Members,
Any one from tyre Industry can share how are things for Jk tyre…How is the demand for different tyres company, any slow down.
Thank you
ITC: “Will”(s) “Gold Flake” assist “Ashirwad” to win “Bingo!”? (14-12-2023)
We should build similar hypotheses for ITC with 30 years or max 50 years.