As far as I am aware management had never mentioned smart meter explicity in recent concalls. They had only said they are open to opportunity in response to the question asked about smart meters in one of the concalls. So this was actually a bit of positive surprise when it was announced.
Posts in category Value Pickr
Is Suzlon a turnaround story after FY16 (22-05-2024)
They have mentioned that execution will always be a challenge as it’s seasonal and also depends on client’s timelines. Hence, order book size alone can’t be an indication of revenue growth for wind energy OEM sales and epc business.
They can actually set up a separate vertical or subsidiary that would build and operate wind farms that sells power to electricity boards and private companies. Once farm is set up and operational, just periodic maintenance is required… (Power generation would be seasonal of course) but it would give good visibility into revenue and growth
Oil India- has its time come? (22-05-2024)
So true. Undervalued stocks often test patience.
Oil India- has its time come? (22-05-2024)
Oil India has been a great performer for last one financial year.
The thesis played out as expected.
Even after a great runup, the valuation is still very comfortable. This says 2 things -
- The earning have if not equally somewhat kept good pace with the price. Shows operational efficiencies kicking in as is the case with most PSUs.
- The valuation to begin with was so so cheap (good).
Buy Unlisted Shares (22-05-2024)
I had initially entered Vikram Solar at 218 in Feb. I have bought more at 224 two days back.As per Altius for100 - 250, the rate today is ₹222.00. For 251 - 999, it is ₹220.00.
Sorry about the late reply.
Oil India- has its time come? (22-05-2024)
My story of investment in this stock and hurriedly getting out when the stock did not rise one of those that make you kick yourself. I had written that some leading brokers were recommending a target of₹300! Today it is ₹657.
I have got out of Chennai Petro in the last two days. I hope the history is not repeated.
Smallcap momentum portfolio (22-05-2024)
@visuarchie ,
There was special trading session on last Saturday(18th May). It seems like you didn’t take it into consideration.
Are you planning to add it in current week updates or skip it altogether?
*NBCC would get an entry instead of BLUESTARCO after considering 18th May trading session.
Waaree Renewables – old Sangam Advisors – can it keep on renewing? (22-05-2024)
Note: This was first published on my substack (pankajg.substack.com) Reproducing here:
Key takeaways from Q4 / FY2024 results:
(1) Commissioned 704 MW in FY24 i.e. only 231 MW commissioned in Q42024 against management guidance of 400-450 MW.
Updated order-book bridge
(2) The yearly execution is a record high at 704MW implying 3X FY 2024 required to be executed in 1.5 Years.
(3) Margins at the same level.
(4) Receivables grew 2X Revenue.
In the EPC business, the developer retains part of the project cost typically 5-10% as a performance guarantee/retention which is released to the EPC company after 6-12 months of commissioning of the project. So this amount is reflected in receivables.
(5) There is a lot of chatter on Social Media about 5B Maverick which is a Solar deployment system - Have not done any project yet.
(6) Deployment of Green Hydrogen Project: The company has completed the Green Hydrogen Project.
(7) Increasing share of PSU orders
"Last year, the share of PSUs in our order book was just 10%. Now, in terms of volume, it has gone up to 15% and in terms of value, it has gone up to almost 35%. We see the share of PSUs increasing as the government is coming up with a lot of investments in this sector”
(8) Increased bidding pipeline
In FY24, the company’s bidding pipeline stood at 10GW. This has increased to 13 GW this year. So, the growth rate momentum is increasing by more than 30%.
(9) Looking forward to benefiting from Rooftop Solar opportunity. Preparing an organizational structure for the same
(10) Looking to participate in the BESS sector. Govt. has 47 GW plan. 5% BESS is mandatory with Govt. policy as of now, which may be hiked gradually
We are waiting for govt initiatives/ actions on this front
Gold (22-05-2024)
Gold is going up due to declining trust in USD as the reserve currency. Thus, countries are on a gold buying spree.
PG Electroplast – Potential for cooler returns? (22-05-2024)
You will find relevant information on https://www.intelsense.in/.