Good result by Godrej agrovet…
Revenues up by 5%
Ebidta up 35% YoY
PBT up 53% YoY
Dairy Segment has turned Positive this quater as well…
Disc: Invested. Added more recently as well.
Posts in category Value Pickr
Godrej Agrovet ~ Animal Feed, Crop Protection, Palm Oil, Dairy & Processed Foods (06-11-2023)
Hero Motor – Leader in two wheeler (06-11-2023)
To make good money earnings has to increase with it if growth comes back then there will be pe expansion, since for the last 5 years there was no growth valuations are undemanding at 20 pe, Ather has production capacity of 420000 vehicles which they are planning to build a new factory outside TN so demand seems to be not a problem considering their capex plans, also they have stopped freebies, free charging at ather grid and paid connection plans to connect phone with scooter so they are although not making a profit due to growth, their margins should be high considering their premium positioning, also hero is available at around USD8bn I am considering Ather atleast at 1bn USD value and their stake in it is around 34% considering the compulsary convertible preference shares issued to hero their stake could be around 50% at 500mn USD atleast.
Hero Motor – Leader in two wheeler (06-11-2023)
The problem with hero was low margins because of its portfolio comprising of low margin vehicles and rural slowdown due to high prices of their bikes, the management execution on premiumisation will in my opinion lead to rerating they have introduced a lot of products in their portfolio if it reaches good scale valuations whould be much higher as compared to TVS due to no debt, I have invested primarily because of its investments in Ather which I think is growing very fast, I was amongst the first buyers of it in my city in 2020 its really a nice bike and since now they are entering internatinal markets starting Nepal, also if management can deliver on premiumisation front with subsidies now reduced by a lot many substandard EV brands which used to import from China will not be able to survive, also EV prices will increase so only strong players will survive so the trend due to shift in EVs will take time, heromoto corp is in a good position now, only instead of positioning vida as a premium product they could have tried to make a mass market vehicle and dominate that space.
If company delivers on premiumisation will add more.
Disc: Invested and biased.
Are Beaten Down stocks worth Investing? (06-11-2023)
Karda construction/KBC global Ltd
Update –
Mr Naresh Karda is in police custody recently for financial fraud and next day his elder brother committed suicide.
They recently raised around 700cr from selling bonds in one African country then promoters sold most of the shares.
Hero Motor – Leader in two wheeler (06-11-2023)
Time for Hero to shine again??
Below a small quarterly and half yearly performance comparison with TVS
HERO: Q2 EPS has shot up from 34.45 2022 to 50+ 2023; 46% growth
TVS: EPS flat at 8.14
H1'24 HeroMoto EBIDTA grew 28% while TVS had 24% growth
While TVS is trading at EV/EBIDTA of 17.5; Hero is trading at a much lower 11.4!
If Hero can start excelling TVS on Ebidta growth levels for a few more quarters, it can be much better on PAT/EPS level — Hero has no debt, while TVS’s balance sheet is stretched with D/E 2.04
Remember Harley Davidson and other new launches are yet to start showing in the P&L from Q3 onwards…
MOLD TEK PACKAGING—dividend plus growth (06-11-2023)
I would like to thank the members above who have provided hand written notes.
I suddenly realised that I am seeing hand writing after a long time.
we are really forgetting writing as we are allday on computer and smart phone.
little bit offtopic but wanted to share.
Kirloskar Oil Engines Ltd – Generating Returns from Generators (06-11-2023)
Kirloskar Oil Engines Q2FY24 Concall Summary
Abhishek’s portfolio (06-11-2023)
Are you holding menon bearings?
Aptus Value Housing : Is valuation justified or just another HFC? (06-11-2023)
I was little surprised when management said the cost of funds for NBFC is only 25-50 bps higher. I kind of expected at least 100-150 bps. 26% per cent of overall consolidated borrowing is from NHB and HFC borrowing is 84% of overall borrowing, so 31% of HFC borrowings comes from NHB which is a much lower rate. Whereas NBFC does not have access to NHB and all 100% is at market rate. This feels like NCD and bank borrowing rate of HFC is higher than borrowing rate of NBFC
Pix Transmission – low profile smallcap company (06-11-2023)
are you still holding Pix transmission?