Lot of growth levers to play out. Force was spending huge capex for last 5 years.
- Urbania export
- EV traveller
- New Trax cruiser
- New 5 Door Gurkha
- Rolls royce JV
Sky is limit going forward. Entered in 2017, long wait:joy:
Posts in category Value Pickr
Force Motors – racing ahead! (07-09-2023)
Phantom Digital Effects Limited (06-09-2023)
Interview with Basilic Fly management
It is more clear that 90% of their work is sub contract and they are looking to add more direct work
Interesting thing is that even with sub contract work they were able to get such a high margins of around 35% …assuming these direct premium contractors are having a markup of 10-20% on top of it, so they will be getting around 45-55% margins
I guess PhantomFX is not yet in a position to command such a premium rates and would be aspiring to get into this league at some stage
Understanding Textile Sector (06-09-2023)
What happens to recent run-up in textile stocks is to be seen.
Stocks with Temporary Headwinds (06-09-2023)
Define “Uday Kotak” premium for Kotak Mahindra Bank?
2020:-
Loan Book-315,000cr
Profits-11,422cr
Price-Rs 1710
Valuation-5x P/Bx
2023:-
Loan Book-425,000cr
Profits-21,527cr
Price-Rs 1780
Valuation-3x P/Bx
Loan Book increased
Profits increased
But the valuation saw a de-rating
The market was correcting the “Uday Kotak” premium for the bank.
Source : Adityad_Shah
Stock is not going anywhere.
I think it will be the result under the new leadership that will be the next trigger.
Power grid – a superior alternative to Invits (06-09-2023)
The Sum of interest income and dividend income is less then 90% SPV NDCF
Total SPV NDCF: 2619
90% SPV NDCF: 2357.1
interest income:1850
dividend income: 440.48
interest + dividend income = 2290.48
Repayment of SPV Debt is not add to NDCF at SPV level
Phantom Digital Effects Limited (06-09-2023)
@Vman ji …there are many things which could go wrong in any business… instead of focusing on what and all things could go wrong and fearing about the probability of its occurrence…mostly we will not be able to invest in any company with this mindset… Instead, I would prefer to bet on the team / management who could handle any situations irrespective of whether they are knowns or unknowns …and handle it in the best possible way with the resources available to them at that point of time
My request was to think from the point of view of promoter / CEO and see what could be the best step forward at that point of time …In the end, I was expecting that you would put up some reasons on why this is a bad step and understand why this investment is bad …Looks like you had made up your mind that this is going to be a complete loss or even more than that and it’s fine to have a different opinion
For all the investors who are following this thread, please note that apart from the factors I had mentioned in my previous post there are many other things we need to look into to assess the risk involved… Like for example things like, whether this distribution rights is for Theatre or Satellite or OTT…In case of Theatre, whether it is for all regions or for a particular region and for which language version…Is this an outright purchase or on profit sharing basis and any terms in case of movie not doing well etc;
Steelcast Ltd – leading steel castings (06-09-2023)
Extremely detailed presentation
STEELCAST INVESTOR DECK.pdf (4.2 MB)
Disclaimer: no transactions in last 30 days. Not a recommendation to buy or sell.
Time technoplast (06-09-2023)
Time Technoplast Annual Report 2022 -23
Annual-Report-2022-23.pdf (3.2 MB)
Force Motors – racing ahead! (06-09-2023)
The company has done exceedingly well – way beyond what I expected them to do.
Still operating leverage is yet to play out – in last quarter, ebitda margins improved because of expansion in gross margins. As the capacity utilisation has improved in current quarter and fixed costs remain the same, margins can improve further.
Note – these numbers are ex-Gurkha as they are yet to launch BS-VI Phase 2.0 variant of Gurkha, by september end it will be in their dealership stores most likely.
Their export sales are at highest level since Jan-2021.
Q2 can be bumper as they are only 1500 short of their Q1 sales figure in just 2 months.
I won’t be surprised if the stock gets rerated again as commentary is bullish in the annual report also.
D – Invested from 1100-1200 levels, no reco.