Is there any AGM notes for FY24 released yet ?
Posts in category Value Pickr
KPIT – CASE (connected, autonomous, shared, electric) – Focused Automotive Play (27-06-2024)
Thanks @1957 Om, I just wanted to understand the reason behind less promotor holding in KPIT. can you provide your input if possible?
Happiest Minds Technology (27-06-2024)
Ashok Soota has sold due to his other commitments like NGO and Happiest Health, his target is to drop his holding to 40% after which he wouldn’t sell, currently he is at ~44%. Expect some more selling maybe in coming years, but the guy deserves it. Nothing wrong with the company.
Sona Comstar BLW – Direct EV Play (27-06-2024)
A general question (due to lack of automotive tech knowledge).
Are the products of Sona BLW catering to all the below 3 segments?
- IC vehicles
- Pure EV
- Hybrid vehicles
If yes, that covers the risk of delays in EV adoption
Bull therapy 101-thread for technical analysis with the fundamentals (27-06-2024)
With the current capacity, they have a guidance of 2500 cr by FY26. Which will be 20% YoY growth over FY24-FY26. The new capacity will stary contributing post that. There is chance of slight operating margin going towards 18-20 %. This business to me still fairly valued. They are churning out new products via R&D, creating a brand in the domestic market, strong balance sheet (possibility of an inorganic acquisition). Biggest risk to me is the corporate governance faltering, as they have a history.
KPIT – CASE (connected, autonomous, shared, electric) – Focused Automotive Play (27-06-2024)
In my view, promoter holding though an important parameter , company products, and history of company performance, promoter background should also be taken in to account before an investment decision.
There are many companies where inspite of promoter holding being low these are respected companies with investors flocking to these counters…
Apollo hospital, Mahindra & Mahindra , many Tata group companies such as Tata chemicals, Tata steel , Cipla , dr Reddy’s lab , Gokul das exports… and th list is endless
Sona Comstar BLW – Direct EV Play (27-06-2024)
I think they can grow consistently at 20-25% (excluding PLI) in long-term basis as long as they are introducing new products in their business.
They can do strategic acquisitions to expand their portfolio base like novollic acquisition.
I too like the management for their transparency, experience and vision.
Recently announced PLI qualifications will boost the bottom line quickly, if I remember correctly all their EV related products will come under PLI and benefit will be 10% of revenue. FY24 BEV revenue is around 800Cr.
Sealmatic India Limited (27-06-2024)
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The Anti-Portfolio (27-06-2024)
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Lower PE cannot be expected by the market since the hype is big and opportunity too.
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Yes, DE is tough but required to achieve high level growth, better than equity raise. Growth phase is likely to mute profits but some patience is needed.
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Con call looks decently long and detailed, very good for supporting the thesis.
Thesis essence is captured by this news