While online reviews of products help you to form a general opinion, I believe they're not the best source to judge a PROFIT MAKING company. A lot of successful brands such as Dominos, Royal Enfield etc have their share of criticism on the internet but they proved to be great businesses to own in the past decade. While the concerns raised by the blogger maybe genuine, I believe interacting with actual customers would give us a better understanding of the product & company.
Views maybe biased.
https://www.kpmg.com/IN/en/IssuesAndInsights/ThoughtLeadership/The%20Indian%20Chemical%20Industry%20-%20New%20Directions,%20New%20Hope%20(2003).pdf
This report by KPMG tho old but gives a decent overview abt how the chemical industry is gng to pan out over time.
Main categories are: Basic-Speciality-Knowledge Based. The third category is growing the fastest. Pharma and agrochemicals are part of knowledge based category. And the next big driver is biotechnology. Sorry dont have the link, but the report says that from abt 5 billion USD this has the potential to be 100 billion USD by2025.
Rgds
https://www.kpmg.com/IN/en/IssuesAndInsights/ThoughtLeadership/The%20Indian%20Chemical%20Industry%20-%20New%20Directions,%20New%20Hope%20(2003).pdf
This report by KPMG tho old but gives a decent overview abt how the chemical industry is gng to pan out over time.
Main categories are: Basic-Speciality-Knowledge Based. The third category is growing the fastest. Pharma and agrochemicals are part of knowledge based category. And the next big driver is biotechnology. Sorry dont have the link, but the report says that from abt 5 billion USD this has the potential to be 100 billion USD by2025.
Rgds
Also, the promoter holding has come down? Any idea why?
Also, the promoter holding has come down? Any idea why?
copied from my Blog:
There are tomes of books infavour of investing in Index Funds. One of the most common argument favouring index funds is their low transaction costs. The stocks in the index are changed in regular intervals to add/ delete stocks. This creates a churn rate in the Index funds. The average churn rate of index fund is around 33.42%, which is nearly 1/3rd stock every year. It nearly pokes hole in to the Buy and Hold strategy. Below is a table which examines the churn rate of various Nifty Indexes.
Index Name No of years No of stocks Total changes changes per yr Avg. change per yr wrt index size
Nifty 100 13 100 238 18.31 18.31%
Nifty 200 5 200 228 45.60 22.80%
Nifty 50 20 50 160 8.00 16.00%
Nifty 500 18 500 1837 102.06 20.41%
Nifty Alpha 50 3 50 240 80.00 160.00%
Nifty Auto 5 15 8 1.60 10.67%
Nifty Bank 16 15 22 1.38 9.17%
Nifty Commodities 5 30 14 2.80 9.33%
Nifty Dividend Opportunities 50 4 50 74 18.50 37.00%
Nifty Energy 11 10 18 1.64 16.36%
Nifty Financial Services 5 15 10 2.00 13.33%
Nifty FMCG 18 15 64 3.56 23.70%
Nifty Growth Sectors 15 2 15 10 5.00 33.33%
Nifty High Beta 50 3 50 84 28.00 56.00%
Nifty India Consumption 4 30 24 6.00 20.00%
Nifty Infrastructure 12 25 68 5.67 22.67%
Nifty IT 17 10 96 5.65 56.47%
Nifty Low Volatility 50 3 50 72 24.00 48.00%
Nifty Media 4 15 20 5.00 33.33%
Nifty Metal 5 15 24 4.80 32.00%
Nifty Midcap 100 11 100 346 31.45 31.45%
Nifty Midcap 50 12 50 226 18.83 37.67%
Nifty Midcap Liquid 15 1 15 14 14.00 93.33%
Nifty MNC 18 15 237 13.17 87.78%
Nifty Next 50 16 50 262 16.38 32.75%
Nifty Pharma 13 10 20 1.54 15.38%
Nifty PSE 18 20 94 5.22 26.11%
Nifty PSU Bank 11 12 4 0.36 3.03%
Nifty Realty 9 10 33 3.67 36.67%
Nifty Services Sector 16 30 80 5.00 16.67%
Nifty Smallcap 100 5 100 212 42.40 42.40%
Nifty100 Liquid 15 2 15 20 10.00 66.67%
Nifty50 Value 20 1 20 4 4.00 20.00%
Can some one tell me why kewal kiran is getting such high valuation and indian terrain is getting lower valuation in terms of pe and ev/ebita. Both the companies are having simillar roe and debt to equity.
Just to add one more company Adi-Finechem. Recently Prem Watsa of fairfax holdings has taken majority stake in the company.
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=68E6A74E-1091-44A4-8EEF-F28EFA2550E6
Disclosure: No holdings, looking to research more on the company and then take a call.
these short term fluctuations do happen when the companies change their business models. And for the long term the company seems to be on the right path. Technically also, do not see the stock breaking 50-51 levels and around those levels investors could look up to bulk up their position.
@suns Can you please post the link to this interview?