Not sure if promotor’s political linkages are impacting the stock
Posts in category Value Pickr
Kama Holdings Limited (17-10-2023)
If you have shares in your demat account as of the record date, the bonus shares will be credited in few weeks (usually 2-3 weeks, after the bonus list of shareholders is verified and approved, and listing of bonus shares confirmed by exchanges). No action is needed from your end.
HDFC Bank- we understand your world (17-10-2023)
HDFC Being an NBFC only had term and bulk deposits, no CASA. So post merger, CASA as combined % of deposits has gone down.
Amararaja Batteries Limited: Powering Ahead (17-10-2023)
Exide has been through EV learning curve since 2019 .
First with different battery packs targeted at varied use cases – It already has 600 crore pipeline of orders in battery packs
Now it is moving to cell MFG with Chinese Battery player support for setting up Mfg and RM support .
Amara Raja has been slow … but still it can negate it if ties up player like LG or CATL … That will bring access to in global clients supply chain …
HDFC Bank- we understand your world (17-10-2023)
CASA Ratio has been dropped to 37.6% compared to Last year 45.4%. Is there any comment for this drop?
Yash Pakka – (Previously Yash Paper) – Rising from ash (17-10-2023)
Just curious why paper gets that level of multiples. Is there cyclicality in paper business, fragmented market due to unorganised players with no value differential?
Yash Pakka – (Previously Yash Paper) – Rising from ash (17-10-2023)
Yes, I sold my position today for the same reason. On the other hand, the argument on the opposite side is that the paper business maintains a relatively stable operating margin due to long-term contracts with their clients and their niche product offerings. If they carry out the 500 crore capital expenditure it is expected to result in substantial earnings growth in FY26.”
PNGS Gargi Fashion Jewellery Limited (17-10-2023)
Company has commenced its commercial sale of 14 Carat Gold studded with diamond
jewellery from today i.e. 17th October, 2023 at some of its sales locations.
OCL India + Dalmia Bharat | Special Situation Opportunity (17-10-2023)
Dalmia Bharat Q2FY24 Concall Summary
Link: Dalmia Bharat Q2FY24 Concall Summary.docx – Google Docs
Yash Pakka – (Previously Yash Paper) – Rising from ash (17-10-2023)
85% of the revenues comes from Paper Segment and barely 15% comes from the Chuk and other products.
If we do a Sum of the parts, and assign Paper Cos valuation to Paper Biz and FMCG Revenues (I dont want to but still), then the equation works out to following.
Paper
Is operating At Peak margins — > We can assign 4-5 times EV-EBITDA to this stream , because thats what West Coast, JK Paper etc are getting.
So the 80 Crore of PBT in FY 23 translates to approx 90 Crore EBITDA.
Thus getting a valuation of 350-400 Crore of EV EBITDA. Lets assign the Debt to Paper Biz, so we are left with Market Cap of 250-300 Crore to Paper Biz
Chuk and Other Stuff
The market is then assigning 800 Crore Approx to Chuk biz for a sales of ~60 Crore in FY23 and loss making proposition
Yes it is a unique product but at what valuations ?