In ACIs Bromine business, who are domestic competitors?
In latest concall, one analyst ask the question of increase capacity by competitors in next 2-3 years. Neogen chemicals is there competitor or their client? Anyone here knows about it ?
Posts in category Value Pickr
EMS Limited – Tapping in the growth in the water management space (20-11-2024)
Hey @Rajandeep_Singh, Can you please share the link of the call. Thanks
EMS Limited – Tapping in the growth in the water management space (20-11-2024)
Heard the earnings call –
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Founder was sounding confident of keeping with trajectory of 30-35% growth with 25% margin. If 30% growth is met company will reach 1000 cr revenue this quarter
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This quarter margin was high 29% but will stay the course of 25-26%
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Revenue split between water and non water projects to remain at 70-30% like usual
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Lower growth in quarter due to long monsoon also due to high base of last year Q2.
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H1/H2 ratio of revenue roughly is 40/60 so expect H2 to be better
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Current orderbook at 2340 cr which will be executed in next 2 years and bidding for roughly 6700 crores
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Last quarter got a 700 cr order from Kolkata Municipal corporation trying to look for more projects in east side specifically Jharkand
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Looking to pick up project in power transmission setup along with land but revenue ratio to remain 70% water
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Govt’s amrit scheme to improve water bodies and sewerage in main cities will bring multiple porjects in next few years
All in all this was a better and confident call than interview promoter gave in September. Hoping for a good H2.
PSP Projects – Construction Company (20-11-2024)
My thoughts exactly. How is that the promoter has no confidence in his own company. It seems he has greater confidence in Adani. That is why he is still holding 30% and selling the remaining 30% to Adani. He might hope to cash in at a higher price two years from now, if Adani can turn this company around and get big contracts.
Disclosure: Invested from lower levels
Great articles to read on the web (20-11-2024)
AI tools to use in stock market research. Must watch and easy to implement. Find useful hence sharing.
Waaree Energies Ltd. – Is it just the Dawn? (20-11-2024)
Quick correction @Jitendrapd94 the 1.3GW plant operationalised in July 2024 was in Noida and not in Goa(this is the Indosolar facility they acquired)
The problem i foresee for Waaree and other pure solar module companies are they they will eventually become commodity plays (despite the management claiming otherwise in the concall).
If you see the sales, volume-wise it looks great (30%+growth- 4.8 GW full year FY24 vs 3.3 for half year FY25). Despite this sales are more or less flat to marginally higher. This shows the drastic reduction in realisation per Watt of module sold which is reflected in the price chart shared in the investor presentation.
Looks like company will keep having to grow volume aggressively(not to mention keep investing in higher opex/capex to continuously upgrade to newer technologies leading to higher depreciation charges) just to give marginally higher sales.
The carrot they dangle is the expanded margins post commercialization of cell lines. But as claimed by management that will only lead to around 2% improvement in margins.
I fail to see how they can sustain profit growth with this model as can be seen from all leading solar companies world over (exception being FirstSolar which is an exceptionally innovative company with proprietary low carbon technology for complete integrated play).
Maybe that’s why company is foraying into IPP/Green hydrogen/BESS to diversify and get different revenue streams.
Would like to hear thoughts of @Mohit_baid and other members/investors.
Thanks
Disc:invested
“Polyplex Corporation “ Are Good Days Ahead? (20-11-2024)
As per data share holding data available at screener (Register – Screener) – it seems “First Water Fund” is reducing ownership in Uflex and increasing in Polyplex, at least in last 3 quarters.
IDFC First Bank Limited (20-11-2024)
The latest numbers are much higher, as per C.R report dated Oct, 2024.
Yatharth Hospital & Trauma Care Services Limited (20-11-2024)
I see the PE ratio for TTM in screnner is b/w 39-40 compared to industry median of ~57(as per screener) and similar in case of EV/EBITDA .And considering the sector it is in ,compared to peers and its Mcap ,guidance the management is giving the valuations still seems to be attractive.
FY 25 – guidance 1000cr . considering similar net profit margins that were in fy24,Its profits are ~180cr.
PE ratio – cmap/net profit – 5202/180 – ~29
Disc: Invested tracking amount. Looking to enter when possible.
These are my views. Feel free to correct me