@siddhakkohli – Is this such a bummer that market is reacting it so negatively. Although, I agree all along the idea was to make this sell steel plant and or may be run by private players. How does “not selling” plant anegative news for shareholders?
Posts in category Value Pickr
MCX and Financial Technologies (20-10-2023)
any idea why daily option volumes on MCX are so low after the software transition?
MCX and Financial Technologies (20-10-2023)
any idea why daily option volumes on MCX are so low after the software transition?
Mudit’s Portfolio (Passively Active) (20-10-2023)
Mudit ji, do we know the record date for merger of IDFC ltd with IDFC First Bank ?
What is the arbitrage ratio between them
Mudit’s Portfolio (Passively Active) (20-10-2023)
Mudit ji, do we know the record date for merger of IDFC ltd with IDFC First Bank ?
What is the arbitrage ratio between them
Clean Science and Technology Limited (CSTL) – A clean and green future ahead (20-10-2023)
Does anyone did calculations that HALS series will contribute how much cr. revenue when completely rolled out in FY25 or FY26?
I just wanted to understand the recent 2 capex which they are doing 1) Increased MEHQ capacity by 50% & these HALS series will contribute how much in top line? Say FY23 they did 936cr. in topline, what can we expect by FY25 due to these 2 capex ?
Clean Science and Technology Limited (CSTL) – A clean and green future ahead (20-10-2023)
Does anyone did calculations that HALS series will contribute how much cr. revenue when completely rolled out in FY25 or FY26?
I just wanted to understand the recent 2 capex which they are doing 1) Increased MEHQ capacity by 50% & these HALS series will contribute how much in top line? Say FY23 they did 936cr. in topline, what can we expect by FY25 due to these 2 capex ?
SmallCap Hunter : Trying to find the dark horses with triggers (20-10-2023)
KCP sugar industries (KCPSUGIND)…anyone ?
Views ? if Anyone has studied ?
SmallCap Hunter : Trying to find the dark horses with triggers (20-10-2023)
KCP sugar industries (KCPSUGIND)…anyone ?
Views ? if Anyone has studied ?
Jindal Stainless (Hisar) (20-10-2023)
Notes of Management Interview (20.10.2023):
Volume Growth:
Jindal Stainless is optimistic about its volume growth for FY24. Despite challenges in the export market, particularly in Europe and the US, the company managed to maintain decent volumes in the last two quarters. This was achieved by pushing volumes in the domestic market and introducing high-strength grades.
Mr. Mantri mentioned that they expect a volume growth of more than 20% for FY24. This is based on the current run rate and their ability to balance between the domestic and export markets.
Exports:
In the previous quarter, exports were down to 13% due to reduced demand in Europe and the US. However, they expect exports to pick up in the fourth quarter. The overall target is to achieve a 15% mix through exports for the year.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) per ton:
The guidance for EBITDA per ton remains between 19,000 to 21,000. The company is currently at the midpoint of this range, with an EBITDA close to 20,000.
Indonesian Plant:
Jindal Stainless is considering selling its Indonesian plant. The decision comes as the business model in Indonesia became unviable due to significant anti-dumping duties imposed by Europe and the US. The company is exploring various options, including divestment or selling part of the assets. The exact value and timeline for this are yet to be determined.
Debt Reduction:
The company has been successful in reducing its debt. The initial guidance for the closing debt of FY24 was between 5,400 to 5,500 CR. However, due to working capital optimization, which freed up 500 to 600 CR cash, the expected closing debt for FY24 is now around 4,700 CR.
Jindal Stainless (Hisar) Ltd (JUSL):
JUSL operates as a tolling business, and its EBITDA is expected to remain stable at around 800 CR.
Promoter Pledge:
The issue of promoter pledge was addressed. Currently, the pledge stands at 77.5%. Mr. Mantri mentioned that all banks, except one, have approved the removal of the pledge. He is hopeful that by the end of the calendar year, the pledge issue will be resolved.
Dividend:
Jindal Stainless has been consistent in paying dividends for the last three quarters, which has been positively received by investors.
Disc: Invested