Superb company but too rich at 18x PE.
I would be very happy to pay something around 12-13x PE for such a business. Dont get me wrong, its a superb operation but too rich for me.
Cheers
N.
Superb company but too rich at 18x PE.
I would be very happy to pay something around 12-13x PE for such a business. Dont get me wrong, its a superb operation but too rich for me.
Cheers
N.
Hi,
I am actively tracking Vinati Organics. They have recently announced capex plan of 200 Cr in May-2015. You can find the details below:
http://www.nseindia.com/corporate/Letter_to_NSE_270515_05272015124001_1.zip
They are making new plant for IBP which is intermediary for IBB and Ibuprofen. Also, they are expanding capacity of IB for which they have monopoly in India.
I got in touch with Mr. Vinod Saraf (management) to inquire about the progress. They informed that the work is progressing as desired and they are still having some statutory approvals pending for the same. The revenue from this is expected to flow by end of FY16.
Happy to discuss any other queries. Thanks.
Disclosure: Invested
accumulating in SIP mode due to confidence on the management....... no idea about expansion.................
how revenue expected this quarter
anyone invested/tracking vinati organics? Does anyone has any update on capacity expansion or new products?
One of the earliest discoverer of Avanti feeds who holds more than 1% stake astute HNI investor Girish Gulati had invested in this co
the broader economic slowdown might have been responsible for it but yes you are right we cannot take the management's word at face value.
Manish can you share who sent you this note? some brokerage house or a stock picker?
i went through the FY15 annual report and the management has given very aggressive guidance. according to AR, mgmt targets 80% rev growth in FY16 and further 100% in FY17.
But the mgmt has history of giving aggressive guidance and not achieving it.
Here is the transcipt of the interview in Oct 2010 where mgmt gave guidance of 30-35cr revenue for FY11 and Rs. 80 cr for FY12. http://www.moneycontrol.com/news/business/somi-conveyor-beltings-projects-rs-30-cr-revenue-for-fy11-_490428.html
the co managed to achieve sales of 25 cr in FY11 and 36 cr in Fy12. in FY15 revenue stod at 75 cr.
Discl: Not invested
Hello everyone ,
Is the net and gross npas anything to worry about ?
Disc invested from lower levels
Hello everyone ,
Is the net and gross npas anything to worry about ?
Disc invested from lower levels
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