Thanks for the great summary of the company it was very helpful in understanding the company better. I was reading the Annual letter of the company to understand the business better – I needed some help from the community to understand the following questions.

Questions:

1. Revenue growth the company had in FY22 is this related to Mayanmar only or is this combination of multiple factors?
2. One of the key skills the company claim is a top-notch maintenance team - which keeps downtime extremely low. This helps a company to have high availability of its ships. Companies’ low asset price strategy to purchase scrap ships and refurbish them with this team to back them up according to me adds key people risk to know how to handle. How company retains the people in the team? What stops another company to have a similar team? As the company grows how this team will be expanded? What stops big companies to hire this maintenance team? FY21 - 73, FY22 - 87 permanent employees.
3. In Note R of FY22 - insurance amount is reduced – company expanded with international presence why the risk of operation is getting reduced? Is COVID the only reason?
4. ANNEXURE-A- Part A: Why do its subsidiaries have such fluctuation in numbers on Taxation provision and even profit before taxation with turnover seen as more stable?

Putting a reference here as it relates to dividend yields.

Hi all, I hope this thread is also related to tata steel. 4.5% is a nice dividend yield. considering the nature of the company. steel being in upcycle.

What I like about the company?

• Dividend yield 4.5% is attractive.
• Synergy with other valued added steel products is just amazing.
• Raw materials 100% iron ore is sourced inhouse. only coal 50% requirements are imported. (from annual reports)
• Being associated with the tata family.

What are my expectations?
I am not expecting the stock to be a huge multi-bagger. I expect the stock to be a nice cushion against inflation with the regular increasing dividend flow.

My Questions to fellow trackers of this company,

1. Are my expectations good? your comments.
2. As per annual reports I am to understand that all their iron ore requirements are satisfied in-house. in this case how long they will be able to dig up the iron ore? how much is left? how difficult is it to acquire new pits?
3. since we are in a steel upcycle. how much in percentage it has effects on profits in the down cycle.

Any point you share will be helpful. thanks in advance!

**

In this list Technocraft is only Indian exbitor from India in scaffolding and form work
But the Europe largest is PERI with a turnover of more than approx 1600 million euros with Germany facing power crisis whether PERI group and its subsidiaries will face any problems which will TIIL any added advantage
This is a point I am not able to find out if any Body could throw some light it will helpful
Since peri is not listed the other listed is laher sa in Poland which has turnover of around 225 Plm ie I think around 500 cr inr which is trading around 13 PE.

This is just a weekend info collection not to be taken as any recommendation

Update on portfolio : 25% Equity, 16% Fixed Income, 2% Gold and 57% Cash
Equity

• Arvind Fashion
• AGI Greenpac
• Hindware Home
• Meghmani Organics
• Equitas Holding
• Supriya

Watching IT and Pharma closely, seems at good valuation

Working on one technofunda strategy apart for fundamental stock pick, will update if it yields expected returns.