AFAIK businesses with capex requirements and are expanding need capital, so there will not be FCF, although some businesses don’t take debt, here with this company, there is debt too.
I don’t know about the valuations or other aspects of the business, and as such, I have no position, so cannot comment on anything.
I just gave the probable reasons I have found by looking at the numbers, to your comment.
This looks like a technicality, so you can approach the company and if it does not help, which I think it will, you can think of opening a new account with a broker whose DP is NSDL, and buy 1 share of the companies, whose AGMs you want to attend, AFAIK we can attend an AGM even if we have 1 share, and after attending the AGM, sell that 1 share on the very next trading day.
Just a thought. I never attended any AGM, so never opened an account for this purpose.
Its actually very dangerous if the sales and profits are increasing , there is no free cash flow. That means on paper it is profitable but cash generation is not there- that too 80x valuation- More risk exists – Just being a contract manufacture, margins are low.
I dont know whether the management has spoken about free cash flow generation but they cant just go on expanding without generating fcf.
is it a good diversification? … if EV is coming, would oil and lubricants also not be in less demand??Would’nt it have been better if they rather invest capital and time in scaling the EV battery space?
Would greatly appreciate it if anyone joining the AGM on 30th Sep shares the notes here. I have some issues with the registration and I don’t think I can join.
PS: Will delete this after 30th
AGM link plz… Did anybody know agm outcome…kindly summarise if anyone does
Infosys
Bajaj Finance
TCS
HDFC Bank
Pidilite
Asian paints
Titan
May be you can contact the company officials. They will make necessary arrangements for attending the AGM.
Hello All, Apologies since my query doesn’t fall for any stock specific question but since you are one of the experts i follow so i though of asking for some guidance. I want to attend few AGMs which are hosted by NSDL but since my account is with Zerodha, so i only have the CDSL DP ID. If i tried accesing nsdl evoting then it asks me to update phone/ email while eservices portal of NSDL doesn’t recognize my DP ID. Can you please guide me how i can go about it. I have tried doing some research over web/ youtube but didn’t find any resolution.
Check this out Stock Market Sectors – Sector wise Stocks Performance and Analysis NSE/BSE
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https://www.valuepickr.com/basics/stock-analysis-valuation-frameworks/stock-analysis-framework/#section-17
It is based on the book by Pat Dorsey.
It is the interest rate that affects everything. Increase in interest rate causes the interest expense for the loans that company have taken to increase. Same way as it increases our EMI. Therefore the company profit decreases.
Increase in interest rate and the bond yield are directly related.
For more info
What Do Constantly Low Bond Yields Mean for the Stock Market?.