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Posts in category Value Pickr
Sula vineyards – pioneers in indian wines (24-05-2024)
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Manappuram Finance (24-05-2024)
I feel something strange looking at of Manappuram:
- It trades at single digit PE multiple and close to book value.
- It looks to be the safest lending operations with gold as collateral. Debt to equity of 3:1 suggests it is very conservatively leveraged.
- It is among leaders in gold loan financing for the under banked, and one of the emerging compitetor (IIFL Finance) is retired hurt after recent RBI direction not allowing IIFL to onboard new customers
- Since last few years, company is posting decent results , and competing with competition successfully
The growth if it comes can be funded by incremental profits. Aashirvaad Microfinance can fund its growth via IPO funding.
The company has excess cash of 3000 Cr that is spare, over and above of business operations/ Capital adequacy ratio.
I feel at current valuation , a massive buyback can add huge value to shareholders, including promoters who hold only 35% stake. Having said that, I have not seen any NBFC doing buyback in the past.
The price at which it trades, though not dirt cheap, makes me feel that:
- Market believes there are no growth prospects for the company or
- The financials are fudged and corrupt, or
- There is some serious hidden corporate governance issue or
- Microfinance is a time bomb that will explode one day
What are your views @sheekhuj
Steel Strips Wheels Limited – Attractive Valuations (24-05-2024)
It means the same thing as saying that the company has secured an order from a leading European OEM. They have arranged for an earnings call on 27 May 2024 where I believe more details will be revealed. Eagerly waiting for it. They also said they expect more busines from global OEMs.
Disclosure: Invested and biased.
Mutual fund guideness required (24-05-2024)
I think it would be better if you consult an advisor who can create a complete financial plan for you, considering you are new to financial markets.
If you want to do it yourself, do not rush, 6 more months or 1 more year will not make any difference, if you can wait and gain some knowledge, and then plan according to your needs and goals.
Waaree Renewables – old Sangam Advisors – can it keep on renewing? (24-05-2024)
According to the latest data from Mercom, India has 64.5 GW solar module manufacturing capacity at the end of 2023 whereas we exported 4.8 GW of modules in 2023 and India’s capacity addition was 7.5 GW.
Taken together we consumed 12.3 GW of modules whereas we have a capacity to produce 64.5 GW .
Are we looking at massive over-capacity in solar module manufacturing in India?
E2E Networks Ltd – Listed small Cloud computing player (24-05-2024)
Results have just come out. No complaints except reason for rise in other expenses. Revenues have really increased and I can excuse temporary dip in bottom line when company is in high growth mode. Their finance costs have also increased a bit. https://nsearchives.nseindia.com/corporate/Signedfinancials_24052024142750.pdf
Investing Basics – Feel free to ask the most basic questions (24-05-2024)
I have an interesting, but at the same time, Very scary idea. I am very long on Gold and want to maximise my returns, but due to lack of capital, this made me think if I know that gold is about to give a very great rally in Near coming future, how do I get most out of it? So should I use futures of gold, which lets you take the leverage for your position? for example in the very basic terms. It is the same asIf you put ₹10, you can buy the asset which is of hundred rupees. do share your POV, so it helps me to take-or not my positions accordingly.
Dataset Request for Backtesting Magic Formula (24-05-2024)
Hi nikunj patel,
Did you follow up your investments on magic formula ?
can you share any results ?
thanx.