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Posts in category Value Pickr

Vadilal Ice Cream (13-10-2024)

I’ve been comparing Mrs. Bectors’ business with Vadilal Industries. Despite similar sales and PAT figures, Vadilal has better current and historical ROE and ROCE, and a decent balance sheet. However, Vadilal’s P/E ratio is about one-fourth of Bectors’. Could this be due to factors like a lack of updates on Vadilal’s expansion plans (no quarterly updates since 2020), minimal FII/DII presence, or history of conflicts among promoters? Are there other reasons
/red flags for this discrepancy? Your insights would be appreciated.

Disclosure: Interested but doesn’t hold any position currently

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Indotech – A turnaround story? (13-10-2024)

Results of TRIL below. Just shows the underlying trends in transformer industry and the possibilities in Indo Tech

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Just Dial: First Mover of Indian Local Search Market (13-10-2024)

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Smallcap momentum portfolio (13-10-2024)

Is this net of transaction costs and more importantly STCG costs?

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Smallcap momentum portfolio (13-10-2024)

Nippon SmallCap 250 index has given 41% in last 2 years, comoarable to your period , so alpha of 7% compared to index fund.

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Garware Hi-tech films (Earlier Garware polyester) (13-10-2024)

Hi everyone,

I used management’s ₹2,500 crore revenue guidance to construct what FY26 might look like for Garware Hi-Tech Films Limited

Based on management’s guidance, I estimate a 22.1% revenue CAGR and a 41.4% EPS growth over the next two years – from FY24 to FY26

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There were 2 key assumptions of note:

Firstly, I went with 22% EBITDA margin – which is in line with management’s 20-25% guidance

Secondly, GHFL holds ₹275 crores in debt and arbitrage mutual funds. Now with profits of ₹19.4 crs flowing into last year’s P&L as “other income” (page 149) & combined with gains from exchange rate fluctuations (₹16.3 crs) – it’s a bit tricky to estimate “other income”. Hence I’ve conservatively kept it at ₹40 crores for FY25 & FY26

To put it all together, I’m getting an EPS of ₹174.4 for FY26 – which is exactly double of where the company closed in FY24

Hope this helps.

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Smallcap momentum portfolio (13-10-2024)

Just to compare…Tata Midcap 150 momentum 50 fund also started in october 2022, almost at the same time, when u started your midcap fund. Their returns are 41% while you got 46% , so 5% more.

Screenshot_20241013_223239_Groww

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Ranvir’s Portfolio (13-10-2024)

Risk related to this industry-

Screenshot 2024-10-13 223230

Credit- SOIC

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Ranvir’s Portfolio (13-10-2024)

It has fixed rate loan book, so when RBI starts cutting interest rates then it will be additional benefit for the company, am i getting it right sir?

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Amit Singh Learning page (13-10-2024)

Unit economics for Solar companies.
Data is approximate post reading cell manufacturing, module mfg, and EPC companies.

Solar Cell mfg- Rev 1.1 Cr/MW, PAT margin 21%
Solar Module mfg- Rev 2.3 Cr/MW, PAT margin 13%
Solar EPC- Rev 4.4 Cr/MW, PAT margin 15%

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