LED price has collapsed . None of company in this sector has reported good number due to price erosion be it IKIO or Focus . So I don’t see any trigger for now . what are your thoughts @Gautam_Chopra @Mukul_Jain
Posts in category Value Pickr
Midhun’s Investment journey and Space to organize investment ideas (21-11-2024)
Thanks for the kind words @Shakti_Srivastava ,
I don’t think Cyient is highly valued compared to the peers in the industry like Avalon, Syrma or Kaynes. Cyient recently acquired Altek in the US with ITAR certified facility ( Lets you supply to US military ) . Cyient DLM has c. 70% of their business in Aero and defence domains. The management pedigree is also good. I expect H2 to be better than H1. Hence took a tracking position . If they continue to execute will add .
Vadilal Ice Cream (21-11-2024)
Anyone has any idea about yesterday’s 20th Nov court hearing? Any decision taken?
Midhun’s Investment journey and Space to organize investment ideas (21-11-2024)
Hi @Chirayu_Shah , Thanks for the compliment and for writing in.
Regarding Shakti pumps, MH is the state with largest pumps being sanctioned under component B and Shakti has a 20% share in installation. Agree that there is a political risk associated in MH. On the valuation front it’s still relatively cheap at c.30 trailing PE. I would wait for the dust to settle post MH results to add/ fresh position .
Regarding Annapurna ,
I think Madhur numbers are not reflecting in H1 consolidated numbers . It’s looks good to me considering the overall slow down in the urban consumption . Madhur adds the fast growing sweets and confectionery segment to their repertoire and like you said their margins are better than Annapurna . I might add some more quantity in Annapurna shortly.
Blue Star ~ Leading player in RAC & Commercial Refrigeration (Market Leader) (21-11-2024)
There was a filing to BSE with regards to dispute between the Company and WJT with respect to alleged claims brought by WJT.
There is a case in the Dubai court by WJT and now WJT has increased the claim amount from 223 Cr Rs to 460 Cr Rs from the company.
Looks like Company had a joint venture in Oman with WJT as Blue Star Oman Electro Mechanical Company. The details are mentioned in the below link:
Not able to know the full details of the reason. Can someone throw more light into this?
Indraprastha Gas Limited (Special situation/Long term) (21-11-2024)
@Dhruv_Galada
I agree that if they increase prices from current levels, it still would be relatively cheaper compared to alternate fuels. The only question to consider is – What if competition offers gas at lower prices than IGL? If people are getting something cheaper than 2.40 per kg then why would they opt for 2.40 per kg gas from IGL considering that its cheaper than petrol? Comparison with other fuels becomes an irrelevant point. Also government’s stance is not in favour of price increase. They are more interested in reducing prices for consumers. So there are high chances that prices won’t improve. It would be interesting to see how this actually plays out. I am not overruling being wrong here because this field is such that things are hard to predict.
Now I am not sure how much competition IGL actually has. The competition has to scale up to the level of IGL (pipeline/volume wise) which may take some time and IGL may get some rope. Does anybody have an idea on competitors? The data on competitors distribution network (pipeline in kms ) or their volumes or their sourcing arrangements would give us a good idea where IGL stands.
On point 2, there will be benefits with natural gas coming under GST but this benefit applies to all competitors out there. If prices reduce then this benefit will be more than offset.
Websol energy system ltd (21-11-2024)
If I understand correctly warrants have been converted to stock on 5th November(Correct me if I made wrong assesment here but quantity matches so…)
- Initial Cost of Warrants
- Price per warrant = ₹530
- Upfront Payment (25%) = ₹530 × 0.25 = ₹132.5 per warrant
Total Upfront Payment = 12,10,000 × ₹132.5 = ₹16,02,25,000 (₹16.02 crores) - Remaining Payment (75%) = ₹530 × 0.75 = ₹397.5 per warrant
Total Remaining Payment = 12,10,000 × ₹397.5 = ₹48,07,25,000 (₹48.07 crores) - Total Cost = ₹16.02 crores + ₹48.07 crores = ₹64.09 crores
- Market Value on 5th November 2024
- Price per warrant on 5th November = ₹1,288
Total Market Value = 12,10,000 × ₹1,288 = ₹1,55,77,60,000 (₹155.77 crores)
- Total Gain
- Total Gain = Market Value – Total Cost
Total Gain = ₹155.77 crores – ₹64.09 crores = ₹91.68 crores
The total gain on the warrants as of 5th November 2024 was ₹91.68 crores.
So in last 2 qaurters company made 65 cr profit and promoter group made 91.68 cr?
Please out mistakes in calculations if you spot any.
So here are my questions then :
1: This WEBSOL GREEN PROJECTS PRIVATE LIMITED can anyone help me with more details on this difficult to pin down as it is private.
2: Also how these 91 cr were used by it.
Thing which looks out of place to me is :
1: If credit line was secured from IREDA and pref raised why the need of pref warrants to get just ~15cr of captial infusion from promter
2: Why convert warrants now in bearish market when stock is expected to give stellar return based on demand and capex. They could keep it for atleast 4 qaurters.
Note: Not invested looking to take some position
Chaman Lal Setia Exports Ltd (CLSE) (21-11-2024)
Thnx for the inputs around historical base upgrade with CLSE.
Yes, i have noticed this with other B2B businesses too. CLSE remains a play on rice exports and low cost RM for CLSE which should help them in near term for sure.