I agree. Interpretations might still be different even after adopting the points you stated. But following above 2 points, I personally am positive about stocks like Repco despite discussion on valuations.

Discl: Don't hold Repco at this moment. Have had it in the past. Intend to buy again. Positively biased on home finance. Hold Canfin in the same sector (21-22% of the portfolio).

Team VP is proud to have raised the bar again.

We are happy to bring to you a new initiative VP BizQuest - which will provide a peek into how Team VP goes about dissecting a promising investment prospect - every month.

This month - MPS Limited.
Please have a close look. Hope all of you tracking/invested in MPS are in for a special delight )
Hurry! Team VP might be deserving a special pat on the back for another special effort.

Okay. So I believe the increase in other expenses was due to that maintenance costs? Also any idea how much of the NCDs will be used for repayment vs capacity expansion?

Thanks Sri Krishna. In Q1 capacity utilization was around 60-65% so I am a little surprised now with Q2 results where the utilization was higher. Is it solely due to lower realizations like other boarders have mentioned??
Secondly, as per debt covenants they were not allowed to expand capacity. They are not out of CDR yet. How is it they are going for expansion now? Also I believe the cycle of expansion for south Indian cement companies was over. Issuing NCDs for the same can disturb the balance sheet and demand/production balance. Now these cement companies in the south work as a cartel. How will this expansion impact it?

Can fellow boarders help me understand this please? Am I missing out on something? TIA

Disc: Invested

Ujaas bags a 6MW order from Daman & Diu's Electricity Department.
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=2ada1a4e-4f90-4d57-8500-2a9d5951e8f3.

As per the BSE filing, its 4th order win in last 6 months. Ujaas on slow and steady *win the race mode.

Disc : Invested.