Some controversy surrounding Happiest minds guidance growth. See the whole thread.
https://twitter.com/suru27/status/1705102155785572485?t=UQpT817_Qu35pssktIBh7Q&s=19
Posts in category Value Pickr
Talbros Automotive Components Limited (TACL) (22-09-2023)
Company has an RoIIC of 17+% and a 10-year reinvestment rate of 82%. For a 300 cr market cap co, I’d be happier if they reinvest than give dividends.
As for product mix, here are the numbers:
Gaskets
434 cr
14% YoY Growth
13.7% EBITDA Margin
50% Indian market share – leader
Forgings – nuts, gears
219 cr
7% Growth
15% EBITDA Margin
51% export market share
NLK – JV wth Nippon making gaskets
89 Cr Income; 35.6 Talbros share
33% PAT margin
MTCS – JV with Marelli, Italy making chassis components like control arms, suspension links etc
210 rev (27% increase), 105 share talbros
11% PAT margin
TMR – Talbros Marugo Rubber makes rubber molded products
Best supplier for Maruti Suzuki
85.3 cr (55% increase), 43 cr Talbros share
6.5% PAT margin
Expect higher margin businesses to increase consol margins further. Moreover, it will be a LONG while before EV growth over ICE will incapacitate core business of gaskets, if at all. Co’s EV product segment expansion should balance it out either way.
Piccadily Agro Industries Ltd (22-09-2023)
Now you know, this Diwali :
Which whisky to drink when you have that card party !!
Which stock to buy when you want to bring goddess Laxmi to home !!
Freshtrop Fruits Ltd (22-09-2023)
100% delivery volume over a month in this stock, can someone please explain what maybe the possibilities going on here, displaying such strange statistics. Is it accumulation by operators, good or bad scenario
WPIL Ltd – Global Water Pumps (22-09-2023)
Seems like Jal Jeevan mission is picking up some pace as monsoons are nearing an end, Training in Lucknow and surrounding areas began yesterday and Dakshina Kannada Zilla Panchayat CEO says all rural houses in karnataka will have tap connection in the next 8 months.
Currently, only these states have 100% water connectivity – Goa, Telangana, and Haryana.
States with Least Coverage – Rajasthan, Chhattisgarh, Jharkhand, Uttar Pradesh.
Kilpest India Ltd (22-09-2023)
Kilpest FY23 AGM Notes
- Business growth and addressable market size
- FY24 outlook
- Guides for 25-30% growth in Molecular Diagnostic division
- Hoping for 12-15% export growth. Export business cannot grow faster because its regulated and approvals take time
- Hopes to maintain EBITDAM between 50-60% although competition in real time PCR is increasing
- Real time PCR market – PCR market new competitors are coming in and prices are going down in India
- Domestic addressable market in molecular diagnostics for 3BBB is ~300-500Cr, growing at 10%. 3BBB is only into open system kits/reagents. They have no plans of going into PCR machines. Currently not much demand for PCR machines, most machines were sold during Covid itself. Most hospitals already have machines installed
- 3BBB hopes to grow at 25% in this market on the back of
- TRURAPID launch for anti-microbial resistance testing – TRURAPID is awaiting some regulatory approvals, has already started contributing in FY23 revenues. 3BBB has to develop the market for AMR in India
- TRUNGS NGS business will start contributing from FY25 (NS1, Dengue) – Have launched one panel and will be launching another soon. NGS will become a competition for real time PCR in time. NGS market is nascent in India but will grow.
- Exports
- FY24 outlook
- Competitive advantages
- In house enzyme production (Did not specify what components of PCR testing they make in-house)
- Large product portfolio and quick response to customers are advantages that company has – 24/7 technical support, customer centric approach
- Strong, well-known brand
- Capital deployment
- M&A only if target valuations and IRR is met (Target IRR is > 10%)
- Will consider buyback after FY24 if M&A does not go through by then
- Others
- NSE listing will take time as share capital of the company has to increase – will take up post amalgamation
Disc: I exited after a quick trade (Prematurely, as it turned out) for now as I couldn’t see any lasting science based moat in 3BBB.
The Anti-Portfolio (22-09-2023)
Hi Vikas ji, do you track Krishca Strapping?
Dhanlakshmi bank (22-09-2023)
https://www.bseindia.com/xml-data/corpfiling/AttachLive/e5b8d196-c3c0-45dd-b596-a07f811a84b2.pdf
@mak2569 pleasse do read this 6 pager regination letter.
Dividend Growth Investing (22-09-2023)
Hello Everyone,
Nice to see someone started this thread. I have implemented this strategy and result so far is decent. 85% of Expenses are now covered with dividend which is growing each year.
However, I just want to tell upfront that this strategy only make sense to people who are looking to get out of rat race and allocate more time to activities they like and have some time( which is substantially less that their regular job) for tracking Dividend growth portfolio. This might not create huge wealth like growth stocks. But it can give you time(which is very valuable) upfront.
Ironically all this year, I convinced myself that I will not get much capital appreciation and just get cash flow from dividends. But recently most of the dividend stocks have turned into growth stocks. E.g. CDSL,Infosys,RITES,SJVN, Tata Investment corp , IRFC etc. Off course some of them might just correct after market euphoria resides.
People mostly look at dividend yield which is not fair if someone wants to build Dividend growth portfolio. Most important thing is the consistency in paying out dividend. Second is increase of dividend in every 1 or 2 years. And this goes without saying that it should be quality company on all fundamental parameters such as Free cash flow, ROE etc.
With above in mind, sometimes yields might not be attractive at the beginning. But consider this as sapling which will yield good fruits in future (Which it does in my experience).
There is no harm in looking at Dividend option of mutual funds if they are paying out regular dividend. I understand argument about NAV reduction and giving your moneyback. But in realty this doesn’t work like that. SEBI has mandated mutual funds to create corpus for their IDCW option. This means mutual funds need to do profit booking and park money in such corpus to pay out dividend. So in a way, they are doing that we would have done anyways which is book the profit and take our money at regular intervals.
Bye Bye Diesel Petrol, Welcome Biofuel- Global Biofuel Alliance- A paradigm shift in sustainable energy, Carbon foot print and economic strategy- various options before India (22-09-2023)
Blockquote So, Is Hybrid the future for India ? only time could tell. But going by the technology , it is great for India because of following reasons.
(1) No need for charging battery …no plug … No need for any power
(2) No range issue
(3) Battery- minimal import dependence …Lead acid battery can also be used.
(4) Regenerative braking is used to generate electricity and charge battery and run engine
(5) Milage better than EV because brake energy don’t go waste .
(6) What is most important is the engine can run on Petrol Ethanol blend up to 20% and later the engine can run with flex fuel up to 100% ethanol with technology upgradation. Brazil already has 34 million flex vehicles.
- Yes
- Yes
- Hybrids cannot and do not use lead acid batteries, batteries used in hybrids like Toyota Innova Hycross are Nickel–metal hydride battery, whose cells need to be imported.
- Regenerative braking is available in EVs too, it is not exclusive to hybrids!
- Point (4) and (5) are same.
- No, later the same engine cannot run on 100% ethanol, ethanol is corrosive and the fuel lines etc need to be changed, also ethanol significantly reduces the longevity of engines.
Maruti is flexing the government policies, these facts and studies are twisted, most of the studies are not objective. It is because of Maruti GoI took a u-turn on mandatory 6 airbags policy. Such is the power of Maruti.
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