Any views on Satin Creditcare Network. Profit numbers look great to me.
Posts in category Value Pickr
CAGR expectation and experience (24-11-2023)
@sahil_vi I’ve calculated my CAGR return for my portfolio following your thread. But Zerodha Portfolio value chart gives us data for only one year. In this case how can one calculate the CAGR over years ?
Thanks
Praveen
Radico khaitan: alcoholic child (24-11-2023)
Press Release dated November 23, 2023, regarding the launch of Magic Moments
Remix Pink Vodka to cater to the growing demand of the coloured and flavoured beverage Alco category.
fb3bcfd9-21f2-4ce0-bb11-185709dbea30.pdf (bseindia.com)
Jindal Stainless (Hisar) (24-11-2023)
Good to see the management walking the talk. Here are some recent updates shared by the management in an interview:
Complete plegde (around 78%) has been removed by the company in one go!
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Rating upgrade from CRISIL
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Cost of borrowings should go down
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Debt coming down as well and net debt of around 0.5x can be maintained
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Most of the capex going foward will be funded from internal accruals, not looking to raise too much of debt
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Volume Growth Guidance – 20% (2.15mt in FY24 and 2.5mt in FY25)
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EBITDA/ton to sustain around 19000-21000
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Imports from China remain an issue – expecting government to take note of the same and make it a level playig field and enahnce the ‘Make in India’ effort – should also reduce the carbon emmissions in the ecosystem
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Looking to become segment independent (not just infra) – focusing on auto, defence, consumer durable, railways, etc. – none of them will contribute more than 15-20% each – derisking the business model
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People realising the benefits of using stainless steel across sectors
Disc: Invested
Praveen’s Information Attic (Obervations, Lessons, Thoughts) (24-11-2023)
Came across this intersting compilation posted by @rajivmehta19 on twitter today . Link to the tweet here
This is a list of stocks that didn’t given any return for x months. By looking at the list one can easily guess that the main reasons for this underperformance were 1) Expensive valuations at the starting of the period 2) Cycle high earnings 3) High starting valuation for lower growth rates (very high PEG)
My KTA is that one should always pay attention to the valuation one is paying. Have been a victim of my naivity in the past and the objective now is to avoid or lower the occurence of such mistakes.
Note: The 3 reasons I’ve mentioined for underperformance is not true for all the stocks in the list. For example, I don’t think HDFC bank was trading at exorbitant valuations (but high) to start with. The reason for under performance is slight derating and short term headwinds faced by the co. because of demerger. On the other had I feel that the reason for under performance in Kotak Bank was expensive valuation considering the ROE was/is <15% and the growth rates also were <15%. While many support the valuation saying that there are subsidaries that are unlisted, but that didn’t stop the scrip from under performing the index/market
Remember ? few months ago everyone was gung ho about Bearing companies, the people who bought at those Euphoric valuations bear the cost.
Disc: No reco to buy or sell. I still don’t find many of the above mentioned stocks worth buying, expect a few like banks and probably Reliance
Curious Case of Coal India (24-11-2023)
Sets of players will benefit. Needs more research but to my mind
- higher level of mechanization- specialized earth movers, tunnel borers, conveyors, new types of explosives
- Requires Ventilation Systems- who benefits here.
Semiconductor world – CPU/GPU Wars (24-11-2023)
Polymatech Electronics is coming with IPO soon.
Looks like a good company. Opinions please.
Abbott India: MNC pharma play on increased consumer spending (24-11-2023)
they exited in 2022 Jan
Abbott India: MNC pharma play on increased consumer spending (24-11-2023)
Not clear why would they refer to 2021 data to exit the stock in 2023. Also, does this product contribute significantly to Abbott to have a very high impact ?