Poor performance and all issues discussed and faults once again accepted by MD with confirmation that FY 25 is year for transformation. Again promises made that by H2 we should see a bigger revenues and profits. Lets hope that happens with all the actions and new teams they have taken, including hiring expensive consulting and techinal product specialist and distribution. however like one person asked how will they manage to achieve these huge promises with such high redundant inventory of soft luggage packs… anyway lets hop they can fix it. Safari growth at 30% and industry is 12% so VIP way behind. If not i think RP will have to get a fresh powerful experienced MD who can recreate the new product buzz and hard steps to capture this market
Posts in category Value Pickr
IDFC First Bank Limited (11-05-2024)
I understand that simply dividing overall numbers by branch count is simplistic, but consider the rapid expansion of branches (~1.5x in last 2 years). I believe new branches are mainly to gather liabilities first, then loans etc. Even when you open an account online, you need a nearby physical presence to service it. If IDFCF was already getting sufficient deposits online, they wouldn’t have opened new branches so rapidly - especially given their already high cost/income.
@Alpha2015 I think purely digital loans are quite a small % (<10%) of overall portfolio. Even if IDFCF has been distributing other loans (Personal, Consumer etc) digitally - they need a nearby collection network at least.
Also, if a high enough share of loans are distributed digitally, shouldn’t the commission payout be lesser? Bank’s relatively higher other expense (commissions + DMA) points to a high share of loans distributed via agents, doesn’t it? Or the higher other expenses is just a function of lower ticket size in majority of its loans - consumer, MFI, personal, 2W etc?
Microcap momentum portfolio (11-05-2024)
Just date calculation is something I am sceptical about rest I have understood and monitoring
Microcap momentum portfolio (11-05-2024)
Update for entry on 13th May 2024
50DMA (19901) > 200DMA (17878); hence, we can continue without any change.
Based on ranking:
- KPIGREEN
- PURVA
- KESORAMIND
- KIRLOSENG
- NETWEB
- IFCI
- ELECTCAST
- ARVIND
- VOLTAMP
- CHOICEIN
- WOCKPHARMA
- ANANTRAJ
- TECHNOE
- STAR
- NEWGEN
- SANGHVIMOV
- TIMETECHNO
- KIRLOSBROS
- BASF
- GANESHHOUC
- ITDCEM
- BALMLAWRIE
- TVSHLTD
- TIDEWATER
- RTNPOWER
Based on A → Z for easy tracking:
- ANANTRAJ
- ARVIND
- BALMLAWRIE*
- BASF*
- CHOICEIN
- ELECTCAST
- GANESHHOUC*
- IFCI
- ITDCEM
- KESORAMIND
- KIRLOSBROS*
- KIRLOSENG
- KPIGREEN
- NETWEB
- NEWGEN
- PURVA
- RTNPOWER*
- SANGHVIMOV
- STAR
- TECHNOE
- TIDEWATER*
- TIMETECHNO
- TVSHLTD*
- VOLTAMP
- WOCKPHARMA
Exits:
IMFA, JPPOWER, NEULANDLAB, WABAG and ZENTEC exit.
MSTCLTD and TARC stay within the top 30 and hence remain.
Entries:
BALMLAWRIE, BASF, GANESHHOUC, KIRLOSBROS and TVSHLTD enter.
RTNPOWER and TIDEWATER cannot enter as there is no vacancy.
Microcap momentum portfolio (11-05-2024)
@Anand_Jain 100% match, in stock selection and order. I will still put in my list for continuity.
Control Print – Deserves attention? (11-05-2024)
Fy 24 Results-
- Q4 revenues grew 13% YoY, 18% growth for FY24
- Profit falls YoY due to higher tax expense for Q4
- Dividend of Rs 5/share
Rajesh’s portfolio (11-05-2024)
Their investor presentation is very promising with addressable market, promoter interview on YouTube alpha sme last year also provided excellent foresight.
Regards
Embassy REIT: Is this “Blackstone” promoted REIT is real diamond? (11-05-2024)
All the REITs have declared the Q4 results and DPU. Indigrid and PGinvit are yet to declare theirs…I have updated the yield table below…(whoever has declared Q4, it is there; otherwise, it is from last year Q4)…in Nexus, there is approximation since they have not done a full 4 Q year…as always, this is my calculated sheet…there can be errors and I am open to feedback
Lt foods (daawat) (11-05-2024)
Sharing whatever little I understand considering last 5 years. India Gate is a strong brand of aged basmati rice which is reflected in their margin (14-21%) which fluctuates with RM cost and other factors. Chamanlal Setia does not age rice so OPM is lower but still fluctuates widely (8-14%). LT food appears to be following an approach to either invest profits back into strengthening business by innovations, efficiency etc. or passing on benefits to customers to maintain its 12% margin even in good years. Considering the risk scenario you mentioned, they should not need to put anything even in bad years as the margin in aged branded basmati rice from india gate is always northwards of 10%.