Did anyone attended the AGM held on 28th Sept 23 ? Would appreciate if someone can share the notes.
Posts in category Value Pickr
Justdial may change its trend (29-09-2023)
Other income is income from bond . They have ~4K Cr in bonds. So, it is contributing to other income.
UPL Ltd – global agrochemical company (29-09-2023)
In Agrochem space, PIIND is a better bet. Quality of earnings is better, hence gets much better valuation. If you see longer term returns (say 5 years), the difference is stark.
Olectra Greentech – Electric Bus Opportunity (29-09-2023)
Anyone attended recently concluded AGM of Olectra Greentech, kindly share your views
Premier Explosives (29-09-2023)
Some notes from the AGM:
- Management has a policy of not giving future guidance.
- The management hopes for a bright future (3-5 years) as they have ventured into ammunition, exports, etc.
- The order book of 1108 cr. has to be executed in 15-18 months.
- They are constantly participating in tenders.
- Chandrayaan side rockets were made by the company’s engineers in Shri Hari Kota.
- The board team had no young faces.
- They believe the current quarterly results can continue.
I missed a lot of points because of background noise. If others have joined then do share your notes.
Kirloskar Oil Engines Ltd – Generating Returns from Generators (29-09-2023)
In my findings,
- I also came across the fact that the company is quick in implementing recent Emission and efficiency norms
- the company is also, if I’m not wrong is at high capacity utilisation; although may not be at full capacity
- I also found that the company also sells gas based engine generators and working to improve this product portfolio
- It’s on track with its 2X-3Y strategy and looks like it will achieve it early
- in case of agri products like Tillers; it’s 2 or 3 largest player, approx 15% market share
Hindustan Foods (29-09-2023)
Also, 80x is TTM valuations. For next few years you will see effective tax rate much lower at 22-23% (vs. 35% till last year). MAT is completely exhausted now and company is on new tax regime. Also, newer plants will be at 15% tax rates. It trading at 60/42x FY24/25E eps.
LUX INDUSTRIES – Can it Scale? (29-09-2023)
Maybe just that quarter?
Hindustan Foods (29-09-2023)
DMART has been a negative FCF co since it has been in existence. Walmart was negative FCF for atleast 2-3 decades since its inception. Does this imply these businesses are risky and bad?
How fast to expand is obviously very subjective. Promoter believes that there is an opportunity to grab and gain market share and at the same time maintain reasonably good RoEs of 18-20% then why not?
Had the return ratios would have been poor and declining and the company would still have been expanding then I would have been more concerned. Hope this helps.
Praveg Ltd: Play on Indian Tourism Industry! (29-09-2023)
Whats happening here… Lot of shares are changing hands… do we have final shareholding pattern and reasons for these changes