Thank you so much for the detailed inputs. That was helpful 
Lot of homework to be done from my end.
I went through the concall video; the business seems interesting. It’s a good sign that the management has initiated concalls.
Posts in category Value Pickr
Jyoti Resins & Adhesives Limited (with bloated reserves) (02-10-2023)
Indiabulls Housing – A compounder from here? (02-10-2023)
Can you please share thoughts on this?
Autoline Industries- Potential Turnaround Story (02-10-2023)
FY2023 AGM Notes
- Financials:
Revenue 650cr
Ebitda 39cr
Pat 11cr
- Non-Auto Business Development:
Development orders received from the railway business. and will get converted into bulk orders.
Non-auto business to contribute 10% of total revenue in FY25.
- Technological Advancements:
Addition of 2 cutting-edge cutting machines (2D and 5-axis laser) to cater to customer proto requirements.
Pune facility upgraded with ultra-modern CNC and a dedicated press for tool tryouts.
- Operating Efficiency Improvements:
Operating efficiency enhanced through the use of a decoling machine, resulting in a cost saving of Rs 2 per kg for sheet cutting.
- Business Opportunities:
Indian Railways: Opportunities in coaching manufacturing for side walls, end walls, roof, under frame, air ducts, and vents.
Child Parts: Involvement in coach interiors, small assemblies, and aluminum extrusions.
EV Industry: Focus on battery components, including casing, brackets, enclosures, and housing.
White Goods: Opportunities in appliance cabinets, door and lid components, control panels, and AC panels.
- Financial Projections:
Company aims for 10-12% topline growth and an EBITDA of 8-9%.
- Challenges and Strategies:
FY23 challenges include RDE regulation changes and volatility in raw material prices leading to demand fluctuations.
Operating profit down by 1% due to higher raw material purchases each quarter.
Plans to convert existing conventional lines to robotic for significant cost savings.
Planning to establish a 7.5 MW solar park by the end of FY24 to reduce power costs.
- Expansion and Business Opp:
Setting up a manufacturing unit in Sanand, Gujarat, for electric, IC, and CNC engine passenger vehicles. Operational befor end of FY 2024.
TML Tata Motor Limited expected to bring 10 more EV, ICE, CNG variants, with awarded business of 250 cr in Sanand and more expected.
Mahindra planning 15 different EV and PV variants, with an estimated business of at least 300 cr for the next 5 years.
Ashok Leyland gearing up for five new EV launches in the next 3 years, expecting 100 cr revenue in the next 2 years.
Hyundai, after acquiring GM plant, preparing for 5 EV variants with expected business of 75 cr for the next 3 years.
- Customer Mix:
FY23 Customer Mix: Tata Motors and non-Tata Motors. 71 / 29
Expected FY24 Customer Mix: Tata Motors and non-Tata Motors. 68 / 32
Hitesh portfolio (02-10-2023)
Dear Hitesh Sir , on the same note it will be great to get your views on Cochin Shipyard and GE Shipping . Cochin shipyard is transforming fundamentally inline with Govt vision to make India a significant contributor to shipping industry by 2030. They have actually started bagging orders from Europe for small sea vessels , some 2400 odd nos are due for replacement, they have got order of 14 so far plus their AR talks about lots of initiatives. GE shipping again in line with baltic index, last several qtrs have been good for them. Thanks.
Hitesh portfolio (02-10-2023)
Dear Hitesh
Can you share your views on Shipping Corporation of India. It is within Breakout range. The Baltic dry index is improving which I feel is positive for company.
52 week highs and all time highs strategy (02-10-2023)
HBL Power (cmp 267)daily chart shows a flag like consolidation for nearly a month. For a day there was a shakeout kind of move below the flag and then the stock price moved within the consolidation range. On Friday it has made a breakout above the falling trendline and closed above it. We need to see some follow up move to this breaout, to conclude that it is genuine. ( These days there are a lot of false breakouts and retests etc before a major upmove from consolidation in a stock starts.)
Coming to the prior rally in HBL, it was a very fast rally from 167 to 294 , nearly a 75 % upmove within less than a month and these kind of moves need cooling off. Here it seems to have taken the form of a flag like consolidation.
If this flag like pattern does play out, then potential target can be in vicinity of 390. (flag pole from 170-295 = 125, breakout point 265. Adding the distance of flagpole to breakout point we get 265+ 125 = 390. However the upmove can take time and may even see consolidations in between, if at all it does play out.
disc: invested as disclosed before.
Kitex Garments Limited (02-10-2023)
From the AGM held on Sep 30th
Investing Basics – Feel free to ask the most basic questions (02-10-2023)
Imho, Ben Graham captures the essence of valuation beautifully when he says.“It is quite possible to know that a woman is old enough to vote without knowing her age or that a man is fat without knowing his exact weight.”
The harsh portfolio! (02-10-2023)
You sell shemroo, are you still tracking it or not?
The harsh portfolio! (02-10-2023)
Hey Harsh, You have decent amount of Pharma exposure. However, I think CDMO, CRO companies are not part of your portfolio. Just wondering if it is intentional or accidental? Also knowing your thoughts in general on CDMO space within pharma will be helpful.
Cheers!