Govt. has come out with a fresh policy for repowering old wind mills below 2MW capacity. The compensation under the scheme is detailed Page 8 onwards. They want to target 25GW worth of old wind mills under this policy. If even 50% of the capacity comes forward for repowering, that can be a great further demand driver for Wind OEMs.
D4mHqmI5TydoiPXborrTnwJQ07jXbjaTKixr5Fe4iIayf3cMivzU5.pdf (854.7 KB)
Wind power
Diff between technology of old turbine of early 2000 & New 3.3 MW turbine of 2023.
Double MW capacity & upto 800% energy can be generated in the same area.
Source: Windpro
Q3&Q4 numbers will stable with all 600 KLPD capacity on stream, I am expecting distillery revenues ~400 cr from the existing 320Cr quarterly run rate.
FY24 EPS could be ~5/- and FY25 could be ~8/-. Price still at ~10 PE of FY25 Earnings.
Please note that company’s operations have been disrupted to some extent owing to the Chennai floods~
The game remains the same. the goal remains the same.
Another selling from Pabrai Investment.
This sale has reduced their investment from 8% to 6%
Source : Notification from Rain industries today
This looks like more of a storage / assembly unit . No manufacturing ?
Yes that’s right, large cap stocks can be good buys. You can see some on my list. ~15% is in large cap, a lot of large caps are on my shortlist, however they are overvalued IMO.
However, the counterargument suggests that banks and NBFCs are clients rather than direct competitors. The niche business model assists banks and NBFCs in identifying creditworthy customers. While the management could aggressively acquire customers in the low-ticket loan segment, they refrained from doing so due to concerns about the potential long-term impact on their asset quality. This decision itself indicates that the management is on the correct path.Furthermore, the take rate is higher in large-ticket size loans compared to postpaid types. From a long-term perspective, the minimal impact on revenue is a result of this decision.