This one still has lot of room left as per the earlier projection.

Disclaimer : This post is just an effort for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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What is your view on Chemical sector with Competition from China. China’s industrial chemical companies capacity is 10x of India’s. So, if Chinese company again starts capex and start exporting then Indian companies wont be able to catch up.

I dont agree here that NIM of 6% is unethical. One should see what are the lending segments of the Bank. NIM is a function of COF and Yields alongwith Fees. IDFC Yield on loans is around 12-13% which is higher on products such as consumer loans, Rural banking, LAP, Personal loans etc. There is high demand for these products in India since credit penetration is v low. Before commenting that Bank’s NIM are illegal, pl do detailed study into bank’s model & understand the mgmt. CEO Vaidyanathan is a Retail Lending Innovator who had built ICICI retail book by 2007 and has got strong retail experience. Management and lending is very clean for sure. It is a better mix of products which results in higher NIM. the Bank is also doing Home loans at 8.65%

Federal bank is unable to expand in unsecured retail since they are not confident in lending and recovery there. IDFC mgmt has more than 15 years of experience incl Capital first of doing consumer loans and retail and recovering money with less than 2% GNPA.

Federal is still a regional bank and IDFC is PAN India. Former’s book is still 45% corporate which supresses NIM since you cannot extract good NIM out of corporate lending. It is all about execution of successful strategies else there are many banks in India and Bank’s are not evaluated on PE model or undervalued model. It is long term sustainable growth model + Differentiator model.

we had done a detailed study on IPOs. Here’s the link.

https://twitter.com/CapitalAurum/status/1508707074070355970?t=UbeQZpXgRIBvU7bLX2idhw&s=08

Q1 Concall Notes:

EPC

• EPC section has begin to materialize contributed to 5% of revenue. (Secured Order for 150CRs for IPP(550 Mega Watts) : IPP who produce power and sell in the market) might expect EDITA margin of 30 to 35%, Only doing C in EPC
• Margins are lesser than Cranes
• In Here 50% of revenue will belong to cranes
• They may achieve 50 Crs on revenue in the EPC this year will be 10% of revenue
• Next year it mat be between 10% to 20% next year
• Credit period of 30 to 45 days

Cranes:

• Utilization is 84%. Historically they achieved 87% max will be 90%
• Might expect dip in utilization in next Quarter due to heavy monsoon rains yield will be 2% in Q3 & Q4
• Capex 242 Crs(23 Cranes and 6 multi axles) revised plan of 297Cr for this year
• Orderbook at 450Crs
• Sold 7 Cranes in Q1
• Receivable days may stay in 90 to 110 days
• Q4 will be the best quarter
• Payment for wind is 30Days
• Contracts are fixed price typically for 1 year. They are paid on number days in the contract even customer uses them or not. However they waive some amount in case non use due to monsoon rains
• Cash accrual for last year 234Crs
• For capex 70% from bank and 30% from internal accrual . No plans of fund raising

Others

• Debt repayment is about 75Crs for next 4 to 5 years
• Only 1.13GW wind energy is installed as for 8GW target as of June 2023

D: Invested