@kkarunakar - regarding SBI MF holding they hold close to 4.24% stake in Vinati...smwer around 21l shares....the holding of 9.9l shares represents only one scheme...sharing fund holding details of Vinati as of Nov'15 from CapialLine...i dont think SBI is looking for an exit...
Quite nicely summarized. Here are my 2 cents
- u have highlighted the key risk quite well especially RPT
- for promoter, its not the only business in textiles/garments - it is just one of the business. They have other businesses in garments which are really mammoth in size
- just a perspective - they have the first mover advantage some 20-25 years back and where they have reached. MC is a brand which was synonymous with sweaters but when we look at the scale of operations (sales) - i was never able to connect
- Price seems okay, even Samara paid around that 3 years back. But still i have to search for value..
Above mentioned text raises more questions rather than answers. And for me, there used to be even more - when i was closely associated with the group for some equity related activity. Since then i have not tracked it & still at this price, it does not excite me. Wont like to elaborate more on this on a public forum - feel free to PM me, for any specific query - if you are really enthusiastic for it
Lastly - The things might have changed and i might not know. So i deserve the right to be wrong. Needless to say, no holdings
Best
Totally depends on which stocks at what price you buy. For a salaried person, who is already fully invested, it is a good thing where u can temporary increase leverage in situations like this week and then being it down over time.
thanks Ankit and Jatin. Yes, its under planning stage. Am not able understand is it a good move by company to diversify when so many are already present in HFC(specially with Gruh in low ticket size) 
Hi Jatin and Prashant,
Ya even I went through the concall again and heard about the company's plan to enter HFC. As Jatin said, it seems to be at planning stage and will take years to reflect in numbers.
I always wondered how come the company is paying taxes at so low rates.
In q2 fy 16 it paid taxes at 10% whereas for first half of fy 16, its less than 10%.
And I dont think it has carry forward losses of earlier years?
One logic is acquired companies could have carry forward losses and might help in lower taxes but couldnt find any answer on the above tax query.
disc: no position.
@hsriram Thank you for sharing the data.
If you compare FY 05 EPS to FY 15 EPS of these figures the EPS growth on a CAGR basis is 10.9%.
For FY 05 EPS, add June 04 / Sept 04 / Dec 04 / Mar 05 figures. This comes to Rs 2044.07
For FY 15 EPS add June 14 / Sept 14 / Dec 14 / Mar 15 figures. This comes to Rs 5,744.88
FY 15 / FY 05 is 2044.07 / 5744.88 = 2.81. This is a CAGR of 10.9% over 10 years.
Further there is some doubt on whether the EPS data is standalone or consolidated. I had mentioned elsewhere in the forum that at least the NSE Nifty data is for standalone; and for an equity investor consolidated numbers give the right earnings, not standalone. I suspect Sensex data is also standalone EPS and not consolidated EPS. Consolidated figures will give you a difference picture because in general overseas earnings (which constitute bulk of the difference between standalone and consolidated) growth are much slower than domestic earnings growth after the 2008 meltdown.
Unlike the Nifty the Sensex components and its weightages were not found in the BSE website so I cannot manually compute the EPS figures to verify.
Thanks,
Hi Prashant & Ankit,
Yes, they mentioned about plans of entering into Housing finance only.
But this was the first time it was mentioned & from their talk it looked that plan was at very very basic stage only.
Will take atleast a few quarters to implement & should take atleast a few years to reflect into numbers.
Also, i think, they will look to lend to their existing set of customers only for this.
If at all you have to do this (and I don't recommend doing it) I think you're better off taking a very long term loan and putting that in leveraged stocks. The loan collateral should be negatively correlated with equities, ideally. At the very least should have no correlation. Two assets come to my mind: gold and real estate. So I'd say the 'safer' option is to take a loan against gold or reverse mortgage your house and 'play' using that money.
Disc: I'm personally very much against this, but find this an intellectually stimulating exercise.
Thought I will share what I have for Sensex for the last 20 years.
This is BSE's reported EPS for Sensex and not estimated ground up.
The growth rate there happens to be 15%+ for the period 2004-14.
Don't know how it can be so different. Sensex.xlsx (46.6 KB)