Attached a chart for Kirloskar Oil Engines. Crossed YH couple of days back. Strong company, little laid back. Market did not liked their foray into NBFC and investing 1000 Cr and therefore the stock WAS extremely cheap. Now the Industrial cycle is in upswing so getting back into favor. Valuations are still not demanding though obviously the management is not to the calibre of Cummins etc. However I believe valuations kind of factor in that inefficiency.
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Posts in category Value Pickr
Bull therapy 101-thread for technical analysis with the fundamentals (07-09-2022)
Tips Industries Limited – Ready to RACE ahead! (07-09-2022)
Other launguages songs are now available on spotify. Looks like the deal has been revised to entire catalogue.
Hitesh portfolio (07-09-2022)
hi hitesghbhai your view on j&k bank
Axiscades Engineering – Untested and a high Potential Opportunity (07-09-2022)
Is anyone still tracking this co.? As per latest AR, the Mistral is fully in.
Bull therapy 101-thread for technical analysis with the fundamentals (07-09-2022)
Bharat Wire - It seems to be now in overvalued zone. Now i see it has PE of 35 where as the industry PE is 15. Seems margin of safety is gone now.
Kamat Hotels (India) Ltd- A Possible Turnaround Story! (07-09-2022)
Hello everyone,
The thread has been inactive since a long time now but I have been tracking the company and there is a recent development which might get interesting if it works out.
We all know co. got into unsustainable leverage situation due to their Pune property- OHPPL. That one bad capital allocation decision undertaken by the management caused stress on balance sheet of standalone entity which otherwise was a stable 180 Cr annual topline business with average EBITDA and CFO of 60 Cr.
While these OHPPL loan which was bought by IARC(blackstone funded ARC) from ARCIL for Rs.135 Cr in 2018 but still remain unresolved and is a significant monitorable for the company going forward.
However, a new development was mentioned in March’22 quarterly results wherein co. applied for OTS on standalone entity for the first time and in June’22 quarterly result they got in principal approval from all the lenders involved in standalone debt. This debt is around 300 Cr and any haircut here would help the co. to bring down the debt to much more servicable level (given 60 Cr annual EBITDA and CFO)
I am attaching snippets from the quarterly results for further clarification.
While timeline for the OTS needs to be closely monitored in my opinion. I am looking forward to feedback of other members tracking the stock and how do they perceive this development.
Snippet from notes to accounts of Q4FY21 quarterly results:
Q1FY22 wherein they mentioned of approvals from all lenders for OTS:
Disclosure- Invested.