Management is very confident about ~ 25% yearly growth and maintained overall EBITDA margin ~ 42% + in next 2-3 years
Posts in category Value Pickr
Mudit’s Portfolio (Stage Analysis + Relative Strength) (18-05-2024)
Thanks for the data, couple points - 5 year data is of not much relevance as its not even one cycle.
As rightly said by your last statement, during bulls the difference will be big…its the bears and the bulls thereafter which matters and hence 5 years is of not much relevance.
Second, it is impossible to switch to next best performing fund every year. These are not businesses one can track. So best possible result any mortal can get is by forming a basket and hope that basket holds best performing funds every year…but will that workout over 10-20 years or more is important because any time frame less than that is for the boys to have some delta fun…just my thoughts and I maybe wrong!
Microcap momentum portfolio (18-05-2024)
@Anand_Jain Matches in terms of total stocks, but I see some differences in ranking. Will post mine.
Microcap momentum portfolio (18-05-2024)
@stuti_agarwal I see some differences between my list and yours. Will post mine.
Hindustan Aeronautics (HAL)- India’s Largest Defense Company (18-05-2024)
Phenomenal Investor Call Yesterday! Putting a few important pointers as I noted during the call
- Highest Revenues at 30238 Crores-13%
- Strong Pipeline.
- Manpower cost reduced to 23% from 2019 to 17% of revenue further reduction to 15% by next year. (My opinion is this means margins may be sustainable in this band)
- Overhead cost reduction from 8% to 3.5%.
- Reduction in inventory from 359 days in 2018 to 159 days now. Will not be reduced further.
Initiatives for growth
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Capability and Capacity building.
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New factory for LCA Tejas operational from October 24
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Capex of 3000 crores per year for 5 years- total 15000 crores
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IMRH and GE TOT deal require capex
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50,000 ton hydraulic press launched
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Self relaince and indigenious technologies needed to reduce need for foreign sources, Reduce licence production
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4000 crores R&D for IMRH. 2000 Crores for Naval LCH
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Tremendous oppurtunities for exports
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15% PAT for R&D to enhance capabilities.
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End to End Solution provider for Aeronautical solutions
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Order Book is 94,000 crores. 12000 crores addition even after sales of 30000 crores. Engines-ALH, Navy Dornier upgrade.
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Order book 47000 crores should materializes this year. 1.20 Lakh crores by next year even after sales.
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Important is various lines of ALH, LCA MK-II and LCH etc total AON of 1.6 Lakh crores is done. Orders will flow in 18-24 months. This is over and above the 47000 crores order for FY-25
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This will keep manufacturing lines occupied till 2032.
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FY25 -deliver of LCA MK-1a and LUH
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FY26 -HTT40, Civil Trainer
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FY-27: Marine Helicopter, LCA MK_II, Medium role aircrafts.
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Safran IMRH and GE TOT new engines in next few years.
Disclosure: Own in Family Accounts since last year.
Smallcap momentum portfolio (18-05-2024)
@hariharancj Same dates considered for look back.
Microcap momentum portfolio (18-05-2024)
@Anand_Jain Yes, I am using the same dates for look back.
Matrimony.com Ltd – Lot of opportunity to grow (18-05-2024)
Wonder if they intend to invest in Online Astrology as well which has an expected growth rate of 45%, can probably prove more profitable for them than online wedding services.
Disclosure: Not holding but interested
Wonderla Holidays (18-05-2024)
Key takeaways from concall -
-The company plans to open 1 new park every year(Huge)
- Does not expect improvement in footfall from existing parks as the are old and already running at optimum level.
- Bhuvaneshwar park expected ARPU to be around 800-1000 and expect margins to get dilute due to this over next year.
- Expect chennai park to be completed by Q3 next year.
- Increase in employee cost in current quarter due to ESOP granted to key management.
- Current quarter looks good but little impacted due to heat waves in bangalore.
My observation - The company has yet again raised ticket prices this season by around 10 percent but struggling to get footfall which is evident by lot of marketing efforts and offers it is running in current peak quarter which were earlier not there in previous years.
Disc - Invested.