Hitesh,
How do you look at trans pacific partnership affecting pharma companies like Ajanta, Shilpa and Suven?
Thanks.
Posts in category Value Pickr
Hitesh portfolio (15-10-2015)
Hitesh,
How do you look at trans pacific partnership affecting pharma companies like Ajanta, Shilpa and Suven?
Thanks.
NCL Industries – Resumption of growth? (15-10-2015)
Hi Nikhil,
As discussed in Deccan Cements thread. Cement companies are normally valued on EV per tonne basis and not on PE basis because of earnings fluctuations. Enterprise Value per Tonne suggests roughly how much it would take for someone to set up a given cement capacity. Normally it takes around 130-140$ per tonne to establish a new plant and therefore is used as a comparable number.
Regards,
Haresh.
NCL Industries – Resumption of growth? (15-10-2015)
Hi Nikhil,
As discussed in Deccan Cements thread. Cement companies are normally valued on EV per tonne basis and not on PE basis because of earnings fluctuations. Enterprise Value per Tonne suggests roughly how much it would take for someone to set up a given cement capacity. Normally it takes around 130-140$ per tonne to establish a new plant and therefore is used as a comparable number.
Regards,
Haresh.
CCL Products (15-10-2015)
Hi @hitesh2710,
I attended the conf call of CCL . The management maintained the volume guidance for FY16. They highlighed couple of reasons for lower sales and profits.
1. 5 cr of sales is pushed to next quarter as they did not receive bill of lading in time before the close of qtr.
2. the 'other operating income' has also dropped to 2.4 cr in Q2 compared to around 8 cr last qtr and Q2 14. the mgmt said it is related to some duty writeback and technical in nature and they expect it to normal levels from next qtr onwards. CFO was not there on call today. so he was not able to provide more details into these nos.
the CEO was also not able to provide answers to increase in short term borrowings
But the mgmt looked fairly confident of achieving 130 cr pat in fy16.
Kitex Garments Limited (15-10-2015)
Karvy has started covering Kitex Garments, and have provided details on the US business -
Tie-up with Lamaze International: Kitex USA LLC (50-50 JV between KCL and KGL) has signed a brand-licensing agreement with Lamaze International for the sale of infant wear in the US and Canada under the Lamaze brand. Kitex USA LLC will be the exclusive supplier for Lamaze infant wear (for children up to five years old) in US and Canada. The contract validity is till 31 December 2020, extendable for five years.
The management is confident of clocking US$8m sales in CY16 through the brand tie-up and of achieving the minimum guarantee with royalty rates at ~5% of sales. Most of the products manufactured under the Lamaze brand will be made-to order and inventory risk will not be borne by Kitex.Own Brand “Little Stars” to be launched by Fall 2016: KGL plans to launch its own brand “Little Stars”, owned by Kitex USA LLC by fall 2016. The management plans to target this brand as a mass market product in US and Canada. It plans to launch the brand through the online route.
New Client additions: Recently added two big clients – Children’s Place and Kohl
Source : http://www.karvyonline.com/viewdocument.aspx?DocumentID=11447
Hitesh portfolio (15-10-2015)
Hitesh Sir,
What is your view on Heritage Foods? Heavily invested in this company.
Unable decide whether to exit or stay in the counter. Business is very good but run by politicians.
I am in catch 22 situation. Please help.
CCL Products (15-10-2015)
Results on first look seem lacklustre. Will need to go thru the concall details whenever they are available to find out what caused this kind of flattish numbers.
CCL Products (15-10-2015)
Hi Hitesh,
Results look little disappointing...Operating profit is almost flat..no revenue growth...Short term borrowings went up sharply..(while trade payables and other current liabilities have come down)..Can you give your opinion on the results..
Thanks