Torrent gets tentative approval from USFDA for g benicar which is an anti hypertensive olmesartan Medoxomil
Here its pertinent to note that the final approval is the important milestone.
Torrent gets tentative approval from USFDA for g benicar which is an anti hypertensive olmesartan Medoxomil
Here its pertinent to note that the final approval is the important milestone.
Hi Vaibhav
hmm, actually not very sure, but the answer to your question may not be company specific but investment process specific. My approach is,
it really does not matter, we will never have clarity on all issues in all businesses and by the time the clarity emerges, the stock price would have gone up. Companies where there is clarity, like Page few years back, are rare to find and when we get such opportunities many will be found sucking the thumb.
In PI case, there are two options, govt. will interfere and govt. will not. By the time we are sure that govt. will interfere, price would have gone up 5 times and then since govt. is interfering the price would fall by 40% but even then you would have made 3 times the original. Now, if the govt. does not interfere, you are left with 5 bagger and still to go...
The above is how I'm thinking...
Hey
Thanks buddy
Apart from discontinuing trading business, capturing market share of the american giant and capacity expansion, other triggers are as follows:
Hi @desaidhwanil and @abhijitchokshi
Thank you for the mgmt meet update. i hav just couple of queries:
1. what has led to increase in ebitda margins of manufacturing in last 2 years. ebitdam in mfg has increased frm 5% in fy13 to more than 20% in fy15 . ny reasons for the same ?
2. also mfg sales were arnd 115 cr in fy15 nd they r going to discontinue trading. doesnt the company's tgt of 500 cr in 2020 look aggressive ?
No i am not tracking it now
I really appreciate the pain you took in trying to make me understand the business. My simple argument is, can't farmers use normal seeds instead of GMS if GMS are expensive? Because GMS is better and has better yield, farmers want to use that and hence government is imposing price controls. Similarly, pesticides helps in improving yield of the crop. Now if government says that farmers are dying and are unable to earn much per acre as their crop yield is low then they will further go to pesticides. I agree that government as of now has reached till level 2 but who knows if they start going to level 3 ?
Gruh forms a good portion of my porfolio simply because of loan growth rate of >25%, nil NPAs and under penetrated market.
@Shivkumar Thank you for your comments. I feel so too.
I am looking forward to learn relation between above mentioned variables. Seems a bit complex. More comments are welcome.
Discl : Not invested.
Hi vivek.........are you still tracking insecticides india??
Even after the bonus issue.....the valuations look compelling. I have not gone into great detail but considering the company's track record.....looks like a steal at current valuations.( Conservative Mar 16 PE of 12-13)
in these matters it is best to defer to the wisdom of management.
there is significant material difference between Gruh and Repco. While the former concentrates on Mumbai and Gujarat, the fastest growing markets in the country, the latter has its base in Tamil Nadu.
Also Repco, more than Gruh, concentrates on small ticket loans catering to self employed people. For this class of people income is lumpy and so are payments made by them. Naturally NPAs too tend fluctuate though it evens out over the long term.
The positive thing about Repco is the slightly higher rate of interest it charges borrowers since it has some kind of a monopoly in its market.
I presume once the economy begins booming, Repco will become aggressive in lending and thus increase leverage for this purpose.
disclosure: holding Repco in core portfolio and hence my views may be considered biased.
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