Well i am no pundit but the above said funds definitely did well . Future is unpredictable, i guess you should give some time to both the funds to see how they perform in next 2-3 years and then decide.
Posts in category Value Pickr
NCL Industries – Resumption of growth? (11-09-2015)
Aseem,
We don't do targets here on ValuePickr since VP is not about babagiri. We look for value in stocks while buying. We share known facts, our views regarding a business / stock and then try to take an informed decision.
Regards.
Anuh pharma ltd (11-09-2015)
Management Interview From Money Control
Mangalam: What according to you will be the key growth drivers for Anuh Pharma in FY16-FY17?
A: In FY17 we are introducing six more products; two are already under commercial trials. The existing products are also growing at the rate of about 20 percent on topline and 14 percent on bottomline. Moreover on capital expenditure we are already procured a plot of additional two acre connecting to our current facility. We will be putting up additional Rs 20 crore on the plant which will be commissioned on January 1st 2017.
Reema: Talking about your financials your margins are still low. Why is that and is there a scope for you to improve your margins?
A: The margin always depends on whether you are in a regulatory market or you are in a non-regulatory market. The margins are far better in a regulatory market and our focus is more on regulatory market. Our bottom-line for the current year, we expect to grow additional 40 percent over our last year’s bottom-line.
Mangalam: How much growth are you anticipating on the bottom-line for FY16 and FY17 then, for the next two years?
A: That will be at least Rs 30-32 crore. Rs 45 crore will be the profit before tax and you deduct the tax then it will come to around Rs 32 or 33 crore.
Reema: You also spoke about some additional capex of closed to about Rs 20 crore that you are putting in one plant would that be the Tarapur plant and totally what will the capex be?
A: We are going to fund the new capex from our internal accruals and our reserves only. We are sitting on a huge reserves of more than Rs 100 crore. Everything from internal accruals; no banks finance, no IPO- nothing.
Reema: Your cash on the books you said is Rs 100 crore, right?
A: Cash on books is more than Rs 60 crore because rest is invested in may be working finance or to an extent in a new project that is coming up.
Mangalam: What is your market share in India currently?
A: In India, we should be having about 8-9 percent of the Indian bulk drug production. Mangalam: What is the potential or possibility for you to scale that market share upto? A: It should go upto minimum 20 percent in next five years to come.
Reema: Could you also give us a sense about what your geographical breakup is? You have told us that the focus is a lot on regulatory markets?
A: Out of all the products that we manufacture about 45 percent is exports which is exported to 57 different countries. 55 percent is local sales.
Mangalam: In that case could you give us a sense of what the growth rate for both export and domestic market is? A: The normal growth rate is 15 percent but probably with the new products and the existing products that we manufacture we expect to grow at the rate of 20 minimum and 25 maximum percent.
Reema: What would your current capacity utilisation stand at and can you increase it?
A: Our current capacity utilisation is about 70 percent and we proposed to grow it at the rate of 20 percent because we have already inaugurated one new block in the existing plot. With that our capacity will also substantially grow but we definitely feel that we should grow our capacity utilisation by additional 20 percent year over year.
Mangalam: What is the market share that you have in your key products globally and how much can that increase by?
A: Our current market share of Erythromycins that is around 70 percent of the world market. I am talking Erythromycin. On Pyrazinamide which is an Anti-TB product we are at about 60 percent of the world market share. About Steroids we are at about 30 percent.
Disclosure: Invested from lower levels
Mutual fund investment first time (11-09-2015)
@kmukul mutual funds are not one man army. Moreover read the views of Rajeev Thakkar and his philosophy and then decide if ppfas is probably not good. Yes the man at the top matters but the organisation follows a process and usually that is ingrained by the person at the top.
NCL Industries – Resumption of growth? (11-09-2015)
The stock has run up a lot.. more than 5 times from lows around 17 in Feb 2014 to 113 recently... what targets are expected here from here on..
Mutual fund investment first time (11-09-2015)
Any recommendations for mf? IDFC premier equity was good but now kenneth left. Also parag died so ppfas is probably not good. i have to pull money out from them and not sure what to do. is motilal oswal good?
NCL Industries – Resumption of growth? (10-09-2015)
@ravimba31 I have looked at a small AP cement player Anjani Portland cement. Liked the numbers growing consistently since past 3 years. Last few quarter have been really good. Some what similar valuations like NCL. Have a look & would be glad to know your comments.
Dishman pharma (10-09-2015)
@kmadiga Thanks you so much
Dishman pharma (10-09-2015)
@subashnayak_19_ Hi Subash - Please let me know if there are any websites where we can find promoters share pledge details (for any company)