Financials are back as an online spreadsheet. It's got stock prices and financial data, enough to calculate P/E, Price-to-book, Price-to-FCF etc. You can click on the sheet, press Ctrl-A Ctrl-C to copy it, paste it into Excel and use your own formulae.
@tbhavesh: Grouping/clubbing investors is back. No more limits!
Down 8.5% today with huge volumes. Also interview of C Mithun Chand on Moneycontrol today:
Disclosure: Interested but not invested.
Please specify if the shares of the subsidiary are sold ( and if yes are they listed or unlisted ) or if the assets of the subsidiary is sold
Thanks Abhishek for having done a detailed analysis and posting it on the forum. Also to other boarders for bringing out the positives/negatives and having a good discussion on the same.
I am invested in the business and following were the reasons for me to invest. The ongoing expansion, the expected OPM marigin improvement to 20-22% from existing 15%-17% after the completed backward integration, improving ROCE(ROE might not be a good measure for this company as it uses a lot of leverage), large addressable Indian market, favourable industry tailwinds(cheap debt/subsidies, low cotton prices and china not very competitive at the moment in this segment). Also, the stock looked cheap from P/E point of view with decent fundamentals. Also, the past record of management showed that they have ramped up the business well.
The negatives are that it is capital intensive business and don't have much pricing power(my understanding).
I am a novice investor. So probably I don't understand the risk in its entirety. What will happen if government stops subsidies or if China becomes competitive again or if Denim goes out of fashion in Indian market. I don't really know. But I feel the probability of these events happening in the next 2 years is extremely low and hence I am personally comfortable ignoring these risks.
@abhishek90 - I saw your valuation excel sheet. Your FY16 EPS projection is 18.11. In the past 2 quarters the cumulative EPS is 6.83( 3.4 and 3.43). Would the business be able to make EPS of 11.28 in the remaining 2 quarters? Also, will it be able to grow the revenues 25% each year for the next 2 years with the new capacity(which is expected to be completed by 1st quarter FY17)? My understanding is that they are already operating at 99MMPA and the full capacity would be 110MMPA. The backward integration should give them marigin improvements but not more denim capacity. So can they increase revenues by 25% for next 2 years with the existing capacity? I am asking this because you have spoken to management and probably you understand these things better. Thanks in advance.
Disclosure - Invested from 75 levels. 20% of portfolio. Views might be biased.
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shares in demat mode
i am a broker in unlisted space and in this field since last 15 years any member wants to buy in the unlisted space stock can contact me on my number 08866004076 or whatsapp me mr anant is knowing me
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i think there are far too many triggers in place for strong growth to continue in future. combined with a solid balance sheet and ever improving ratios, the stock was actually undervalued for far too long. The market seems to be realizing its potential now, especially on back of improving standalone numbers.
Today Mr Shyam Sekhar write wonderful blog on To sit patiently and watch time pass by.
http://mysacredbull.blogspot.in/2015/12/the-tail-can-wag-dog-too.html
After reading his last 2 days tweets and blog I prepare Valuation Model prima_plastic_VALUATION_MODEL.xlsx (35.9 KB) Excel by considering various scenarios
it can be used for various stock by changing SALES figure in RED color cell
Note:-
I hold at much lower level
I am not sebi registered research analyst
This excel is only for information
I am not recommending Buy / Sale on any stock
I am not responsible for any loss arising out of any
information,post or opinion appearing on thisinfo.
Investors are advised to do own due diligence and/or consult financial consultant before acting on any such information.
Author of this Excel is not providing any paid service and not sending bulk mails/SMS to anyone.
@vijayM: What are your views on Axis Bank and Yes Bank? I am closely monitoring both for fresh buying due to recent corrections in both stocks. As per my analysis, Axis Bank has more margin of safety than Yes Bank at current levels, but I am concerned about high NPAs in Axis Bank, and also its stock looks more volatile in nature. What makes it attractive is low P/B at this point in time, and loan growth has been good in past 2 quarters. Yes Bank also has a long way to go, in terms of CASA ratio and NIM but looks more promising to me.
Any guidance from you can help me.
Lately, Kwality moved up sharply with huge volume. On PE basis, the stock looks relatively cheap. Can someone who is tracking this stock throw some light on any new development/trigger? 40% top line growth company available at less than 20 PE for FY16. Any insightful information would be appreciated.
1)Debt has been reduced
2) It seems that company plant to introduce some new products (I need to validate)
Do Not hold any position but I may add soon.