Hi @sahil_vi would love to hear your insight on IDA
Posts in category Value Pickr
IDFC First Bank Limited (30-07-2022)
Treasury Loss at 44 crs for Q1FY23. Thankfully not high enough that it could wipe off the profits of an entire quarter as was being projected by some brokerages.
Mahindra & Mahindra Ltd. – a federation! (30-07-2022)
Add to this Thar. There is large booking for that too. Just hope that semicon shortage does not play spoilsport.
IDFC First Bank Limited (30-07-2022)
10% ROE, 1% ROA from 6.67% ROE& 0.75 %ROA in previous quarter. With increasing operating leverage and slowing down treasury losses ROA&ROE will further increase. Asset quality improving. NPA ratios and absolute numbers improved sequentially. With a retail focused book with Presently PB ratio of 1.1, this is a rerating candidate for sure and a no brainer buy!!!
Disclosure: Invested. Recent transactions in 48 hours.
Sharda Cropchem – Can it get into indian market in a bigger way? (30-07-2022)
I don’t think Krsnaa is an opt comparison. Sharda’s business model is that of a pure marketeer, who outsources manufacturing and spends money on registration of its products and on marketing. If you want a peer from a different industry, cos like Chaman Lal Setia (basmati rice), Symphony (coolers) or Dash Pharma (US generic pharma) come to mind, where manufacturing is outsourced and company is only responsible for marketing.
Yes, a company needs to register its products to sell in regulated markets (EU, NAFTA, LATAM). The difference in other cos is they only register a few products (which they manufacture in their factories) in multiple geographies. Whereas, Sharda registers multiple products in multiple geographies, as they are not manufacturing them and don’t have to spend money in building dedicated lines for any product. In a way, Sharda’s business model is akin to a trader, where the entry barrier is distributor relationship and registration.
In its early days, Ajanta Pharma also used to do this, i.e. register products which are in demand in a given market and then get it manufactured with a third party.
Hope this is of some help.
Investing Basics – Feel free to ask the most basic questions (30-07-2022)
Thanks for clear information
Mahindra & Mahindra Ltd. – a federation! (30-07-2022)
M&M is on a sweet ride.
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Mahindra Scorpio-N clocks 1 lakh bookings in under 30 minutes | Team-BHP
A lot of buyers are still sitting on the fence as they fear a price rise. -
Mahindra XUV700 Amasses 1.5 Lakh Bookings Despite Lengthy Waiting Periods | CarDekho.com
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Mahindra XUV400 EV spied in production-spec guise: exterior design and more | Autocar India
Both cars cost 20,00,000 Rupees. The factories will be running at capacity for the next 12 months or more.
Gujarat Fluorochemicals: A hidden fluorine story (30-07-2022)
As per previous plans, Micro Power was to be increased from 250 TPM to 375 TPM. Not sure, if the same has been changed in recent times.
Here is some info from Q4’22:
Prices for PFA/FEP/ LiPF6 for the quarter stood at US$25/25/70 per kg respectively.
Something from my notes (must be from one of the research reports, need to look for source 
):
We understand GFL’s recently-commissioned R142b capacity can potentially service ~1000 tonnes per month of PVDF output at peak (~10x from current levels of ~100 tonnes per month output).
Thanks,
Tarun
IDFC First Bank Limited (30-07-2022)
Idfc bank q1fy23 results:
- 1% RoA
- Gnpa drastically going down to 3.36% (would probably be lower ex the toll road account)
- Treasury losses are similar to previous Q of 87 cr.
- Retail segment profitability epic. Corporate profitability epic.
Slowly slowly 10% RoE 15% RoE can also come. Only the patience can reap the rewards since Rome & banks are not built in a day.
Disclaimer: invested, biased.
IDFC First Bank Limited (30-07-2022)
Results out. 119 crore jump in PPOP.