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Posts in category Value Pickr
Redington India : Strong Performance history, re-rating candidate (03-08-2022)
Good set of numbers from Redington. See the results here.
Key takeaways:
- Q1FY23 – On a Global basis, Revenue grew by 25% while EBITDA grew by 34% and PAT grew by 33%
- Negative FCF generation of Rs. 23,167mn for Q1FY23 due to higher WC utilisation.
- WC days for Q1FY23 stood at 28 days as against 18 days in Q1FY22 - would be interesting to note the reason for sudden spike in working capital days.
- Gross Debt to Equity was at 0.2x and Net Debt to Equity was at (0.1x).
AJ
Disclosure: Remain invested.
The stocks I own (03-08-2022)
As % of total investment amount
- ITC Ltd. - 42.03 %
- IDFC First Bank - 26.74 %
- CDSL India - 12.11 %
- Oracle Financial Services Software - 8.32 %
- Hindustan Unilever - 2.80 %
- Quick Heal Technologies - 2.59 %
- Nucleus Software Exports - 2.51 %
- Nestle India - 1.74 %
- Marico - 0.78%
- Britannia Industries - 0.38 %
Satia Industries – Journey towards Cyclical to Shallow Cyclical? (03-08-2022)
They are backward integrated (most of the RM is sourced nearby and agri residue )
Captive Power Plant
Installed latest machines
Topline doubled but how come so much hit on the bottom-line ?
Satia Industries – Journey towards Cyclical to Shallow Cyclical? (03-08-2022)
There is 10 crores of extra depreciation that optically reduces the PAT . Its good practice to depreciate assets quickly to reduce tax outgo .JK and Satia are not exactly comparable as Satia sells papers mostly to state boards and the contracts run for a year. So higher sales may take some quarters to percolate to bottom line .
@kalpesh4430 Do you know what’s included in the “Other Expenses” ? That too has a 10 crore extra that’s not proportionate with the increase in sales .
Satia Industries – Journey towards Cyclical to Shallow Cyclical? (03-08-2022)
Compared to jk paper results are quite poor, jk had 50% QoQ growth in PAT
Supriya Lifescience Ltd – pure play API (03-08-2022)
@tanishq @Chandragupta
Any idea on the opportunity size of each product/API and Supriya’s marketshare?
Satia Industries – Journey towards Cyclical to Shallow Cyclical? (03-08-2022)
- Excellent Top line growth
2)As expected margins have taken a hit -hopefully the price increase have happened in qtr2 (time lag against RM price increase )which will reflect in bottom-line going forward
Satia Industries – Journey towards Cyclical to Shallow Cyclical? (03-08-2022)
Pretty tepid results
