Most of the portfolio consisted of loans from DHFL, the housing finance firm it acquired last year under an insolvency process.
This could be the marked down to 1 rupee loans.
Posts in category Value Pickr
Piramal Enterprises Ltd (03-08-2022)
INEOS Styrolution India Ltd (03-08-2022)
(post deleted by author)
ICICI Lombard – Quality franchise in under penetrated industry (03-08-2022)
Rather this increase in premium of mediclaim works in favour of companies. In life insurance, premium remains same for 20-30 years, while mediclaim premium increases due to 3 factors
- due to client entering the next age band
- companies increasing the premium arbitrarily
- Govt increasing GST
Due to frequent increase in premium, the commission also increase and thus it motivates banks to sell mediclaim more. Also mediclaim can be easily portable every year and currently IRDA has allowed banks to sell mediclaim of 9 different companies, thus if client is not happy with claims of one company, bank ppl have the option of 8 other companies to port his policies, this will increase the stickiness of clients.
Also due to covid pandemic, awareness of mediclaim has been very high among public and they have realised that even though mediclaim is an expense, still its now under essential category of purchases.
Also there are seperate sections of Income tax rebate of 80D and 80 D(D) of Income Tax Act which also motivates ppl to purchase mediclaim, while in case of life Insurance there is just 80C of 1.5 lakhs which is anyways exhausted by PF, PPF and housing loan principle , and hence no more an attractive factor to purchase life insurance.
Deepak Nitrite (03-08-2022)
They mentioned it exactly as I said. Loss of 47.2 Cr is recognized and also insurance claim against the same amount is recognized. (Nil under exceptional items) In simple words, no provision made for losses… 
. I started detesting this verbal gymnastics companies get involved into. This is the second time company involved in word play…
Action construction equipment ltd (03-08-2022)
Can you repost the video link? What is it about?
Godawari Power – Any Trackers? (03-08-2022)
GPIL makes Rs. 3000 per tonne of iron ore (market price of iron ore lumps = Rs. 6000, captive iron ore = Rs. 3000 per tonne)
Total mine reserve = 160 million tonne.
Value of mine = 160 million tonne X Rs. 3000 = Rs. 480 Billions = 6 billion USD
If market price of iron ore goes to Rs. 10000 per tonne, 5 years from now,
The value of iron ore mine = 15 billion USD
INEOS Styrolution India Ltd (03-08-2022)
I fail to understand why the promoter is selling their stake at a mere Rs 600. The company has considerable headroom for growth and is a leader in polystyrene and ABS. The promoter is a global leader in the space
Also, after the open offer the public stake will be very low. Will that mean that the co will be de-listed?
Piramal Enterprises Ltd (03-08-2022)
Could someone throw some light on this news, what book is this that they have sold. Is this part of POCI.
Godawari Power – Any Trackers? (03-08-2022)
Stock price is a function of future earnings, not of today’s earnings.
The future earnings of GPIL went up 4x (7-8 yrs from now) because of 4x increase in mining reserves.
Even, real estate developers don’t sell vacant land, they also develop land and sell projects- and it takes many years for them to develop projects on vacant land.
And, btw, captive miners can sell iron ore in open market if they want to. But they don’t sell because selling value added products gives much higher margin. That restriction to not sell has been removed.
Godawari Power – Any Trackers? (03-08-2022)
You cannot sell the Iron Ore in open market and present capacities are fully utilised. You need to incur CAPEX to fully utilise these Iron Ore mines. For utilising additional 1 MT Iron ore you need CAPEX for 1 MTPA.
@Kumar_manas In your real estate example you can sell the land however here you cannot sell the Iron ore …
Flip side of Chinese Steel companies going bankrupt will be surplus supply of Iron Ore which will further bring down the prices to Iron ore and negatively impact Godawari. Also slow down in China will force Chinese steel companies to glut the global steel market thereby impacting all steel producers including Indians.