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Fundamental Analysis of Listed Indian Companies (17-09-2022)

Reliance Power

The total income of the company stood at Rs.18,406 lakhs in FY22 as against Rs.52,212 lakh in FY21. The decrease is mainly due to one time gain of Rs.28,954 lakhs on NCD ( Non-convertible debentures) and ICD (Inter-Corporate Deposit) restructuring in FY21.

In FY22 Reliance Power reported a net loss of Rs.27,040 lakhs from its continuing operations as compared to a profit of Rs.5,534 lakhs in FY21.

The current Ratio of Reliance Power stood at 0.26 in FY22 as compared to 0.23 in FY21. The ratio is much lower than the ideal ratio of 1.33. it shows that the company may face liquidity problems in near future.

The debt service coverage ratio of Reliance Power stood at 0.23 times in FY22. It means that the company may have issues in repaying its debt liabilities.

The company has reported in its annual report that it has defaulted in repayment of borrowings and Interest. The total default as of 31.03.2022 stood at Rs.93,772 lakh and the total Interest default as of 31.03.2022 is Rs.66,551 lakh.

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Fundamental Analysis of Listed Indian Companies (17-09-2022)

Here we will discuss about the fundamentals of companies, ratio analysis and more.

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Demergers on the radar (16-09-2022)

Haven’t studied Dhampur bio org. In depth but one thing interesting is although shares split was 1:1 for dhampur bio & mills, & the demerger is done primarily for succession planning & family partition, dhampur sugar mills have more assets although not by a major extent( capacity wise i am yet to study the quality of those) Vs dhampur bio & if the quality of both the brothers as capital allocators is similar ( again a major assumption since yet to study in depth) then there might be some scope for price expansion in dhampur bio as market cap of bio is Rs1000-1100 cr vs 1500 cr of dhampur mills

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Palred technologies – www.latestone.com (16-09-2022)

That seem to me herioic instead. TBH i wasnt interested in palred but your comment made me interested… Bcz now i know how they are diffrent.

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Omkar’s Portfolio Analysis and Discussion (16-09-2022)

This is not going ahead as planned as I yet to build confidence on Eris’s managemet.

Could not exceute this because of some other commitments. No plans for future

No plans to start additional SIPs as of now as current MF portfolio is enough of any medium term goals

answered

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Hero Motor – Leader in two wheeler (16-09-2022)

And here is an official news confirmation on the same:

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SmallCap Hunter : Trying to find the dark horses with triggers (16-09-2022)

Hi,
Just came across a company ‘Sreechem resins limited’. Manufacturing refractory binder resins. Company catering to steel plants.
Mcap - 52 Cr
PE ratio - 9.62
Sales growth 5 years - 25%
Profit growth 5 years - 69%
Debt to equity - 0.69
Promotor Holding - 21% (Negative)
ROE- 34%
Cash flow positive and significant improvement in working capital in last few years.
Please share your valuable inputs if anyone is tracking this company.
Thanks.

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Piramal Enterprises Ltd (16-09-2022)

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Piramal Enterprises Ltd (16-09-2022)

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Sharda Cropchem – Can it get into indian market in a bigger way? (16-09-2022)

In any cyclical sector, its hard to tell if we are at peak of a cycle. However, we can say with reasonable certainty whether we are in higher part or lower part of the cycle. For global agrochemicals, we have had a couple of very good years and are definitely towards the higher end of the cycle. Also, I have a feeling that we also crossed the peak as realizations of a number of technical grade pesticides have fallen off in the past few weeks. This has come on the back of droughts in China and a very hot summer in Europe. So, the post covid boom is probably over and we might be in for a couple of flat years. This is my current understanding.

While rising gas prices in EU shifts more business towards Asia, it has also impacted Euro in an adverse way. Sharda realizes half of its sales from Europe and procures in USD. The adverse currency movement has impacted Sharda significantly.

If you go back and read this post, you will see that margins have been adversely impacted since 2018. In last few quarters, it seemed that gross margins would revive but that has been reversed in Q1FY23. Its agchem margins are definitely cyclical.

Disclosure: Invested (position size here, no transactions in last-30 days)

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