From what I understood, its spread between q2 and q3. Around 20-25 days in each quarter.
Posts in category Value Pickr
Profit lies where noone is watching: some turnaround plays (18-11-2015)
in case of anant raj industries
it has several sez. specifically manesar one.
it has a occupancy of 40 odd percent which can increase due to congestion in gurgaon.
also land in bagwandas road is worth more than debt.
once real estate market looks up, it will become multibagger and in bad times it has a lifeline in form of rent.
Profit lies where noone is watching: some turnaround plays (18-11-2015)
ksk has a rs 5 plus ppa with up of 1000mw and 500mw with tamil nadu.
ppa are scarce today. also numbers may vary a little as i am busy today.
wait for 2 years. it will be earning pataka.
simple logic: let asset to start and sweat the asset till you get sufficient returns.
Kaveri Seeds – Temporary thread for clarifications (18-11-2015)
You have captured all points very nicely.Just to add, they perform this write off (due to product return) every Quarter, however in Q2 40% of non cotton products were returned, so 55 Crs were written off against 22cr last year.
They are going to appoint one of the Big 4 as Auditors starting April 2016,mostly E&Y.
I was not comfortable with few points discussed during concall
1)Not yet finalized Dividend policy, they said they are focusing on sales and other tasks etc. but will form a policy soon -This is going on for a quite a while now
2)Guidance of 1.1 million production in August concall and cutting down the same to 0.9-1million - They give orders by June, so this should have been told in august itself.I could not understand their explanation of faulty batches/same cost etc.
3)One investor asked if there was an income tax raid 2-3 months back- Mithun chand strongly denied the same however is this a normal occurrence in conference calls[I have attended very few conference calls in my investing journey so this kind of query looked very strange to me]?
Disc - Invested at higher levels few months back
Torrent Pharma Ltd (18-11-2015)
Actually market was expecting much more from Torrent @ to this report by idirect http://content.icicidirect.com/mailimages/IDirect_HealthCheck_Nov15.pdf
Somi Coveyor Belts (18-11-2015)
@saeyons, w.r.t business scale this may be helpful..
"The typical lifespan of a conveyor belt product varies from two to five years; after this there is need for replacement of repair work on the conveyor belt or part of the conveyor belt and this provides long term visibility to company revenue generation.India's Twelfth Five Year Plan (2012-2017) has projected better growth prospects in industries such as Coal Mining, Cement, Steel, and Ports, which are some of the major end-users of conveyor belts in India. The growth in these industries is expected to drive higher demand for conveyor belts in India in the coming years."
http://smallcapvaluefind.blogspot.in/2014/11/somi-conveyor-beltings-make-in-india.html
Sterlite Technologies | Digital India play (18-11-2015)
Excellent write up, Vijay.
Substantial order book, debt reduction in next few quarters and business visibility for next 2~3 yrs due to various digital initiatives might result in YoY growth.
Few more risks:
1-Current business profile does not seem to be stickier with predictable cash flows.
2-Management does not walk the talk. For example – Elitecore acquisitions was mentioned to be fulfilled with internal accrual and cash. Finally, it was done with debt.
Disclosure : Invested for tracking purpose. Roaming with a truck to load up as an opportunistic bet, if price is attractive to make it a no-brainer (power business comes free—wishful thinking ).
As power business might be listed back after few years to provide the exit to PE investor, it might be the real wealth creator! As this is an assumption, hence the wishful thinking .
Let’s focus on Power business which is being taken away from shareholders via demerger.
1. Why does management load it up with higher debt as it does not seems to be generating enough cash to service it (per say carved out financials for FY15 and H1 of FY16)?
2. Is this the real Gem which was nurtured with the cash flows of telecom and is at the inflection point and grim picture is portrayed to ensure that it goes offline smoothly?
Open to Valuepickers for hints to dig further in to it.
Page industries (18-11-2015)
I just checked Q3 trend and I think you are right. Thanks for correcting.
Chemicals and Speciality Chem space in India (18-11-2015)
what do you think of the company? i spoke to the CS today. he said they expect 50 crs turnover this year from the new company and about 100 the next year. is there any value at these prices?
Shilpa Medicare -Racing away on the Oncology API highway! (18-11-2015)
Cancer drugs to cost $110 Billion in 2020