santosh,
While applying PE one has to look at normalised EPS figures. fy 16 would be a one off due to blockbuster performance of abillify and its contribution to profits and sales.
What it does in fy 17 and beyond needs to be considered. However the cash kitty generated due to abilify windfall could provide a lot of options to the management.
Hi Vivek ,
I attended Kaveri AGM .
I was tracking only main thread but happened to see this thread on Kaveri after AGM.
Some of your questions addressed in AGM QA.
Q1.How big is threat from price control from State govt on line of Maha Govt
Less, May be they bring back to the MRP Rs 900.
Q2 Not discussed.
Q3 What are the chance of increase in cotton acreage for next season?
Not discussed. But company is targeting to sell 90L packets for next season.
4) How big is the threat from CICR new BT cotton included seed expected to be available @150 vs 900 .can it be reused next year also?
Not discussed.
5) Will dumping by your competitors stop & steps u retaking to mitigate it?
One of the MD was saying this is always there in the market, best seed survives.
6) How is the threat from new Bayer new seed First Class?
Not discussed.
7)r u developing new seed which r more drought resistant & how to cope with monsoon vagaries?
Company New Hybrid 'Three-by-One'.
8) how r u reducing dependency on cotton seeds?
Looking for acquisition in vegetable seed sector and it is the reason that they are holding the cash.
As per company Vegetable seed sector is one of fastest growing market and they are cognizant of the high cash on books.
Q2,Q4,Q6 not covered as part of QA.
(I urge VP admin to unlock the main thread, if they are done with the required
Clean-up/Maintenance).
Other updates
Company is going to consider Buyback
Toughest Year in career of Chairman(35 yrs exp, comments made on monsoon pattern and two consecutive droughts )
May not continue with Cash and Carry next season.
Monsoon was not good in Kaveri strongholds ( Regions :Rayalaseema ,Karnataka) this year. Though some parts
are now recovered, it may be helpful only in Rabi crop.
Company reached saturation of 75% penetration in some regions like AP, Telangana and Karnataka,next leg of growth can only come from Gujarat and Maharashtra.
Company has around 12-13% market share this year.I am attaching Chairman's speech for more details.Kaveri Seeds_Chairman speech.pdf (1.8 MB)
Disclaimer :Invested
Mayur seems to be undergoing time correction currently.
the management does seem quite confident in their annual report communication.
Canfin after the run up seems to be approaching fair value but if it can keep up the promised and expected growth of 30% or thereabouts, valuations can sustain and can even get richer.
Eicher makes trading margin on Volvo trucks...so you are right on the realisation front but profitability will be lower.
myprasanna
hi
i am new to forum so,,,,,be cool.......and as dealer in seed ,pesticide and fertilizer.
KSCL IS down ...still cotton rates are down .one"s cotton rates pickup farmer will shift from other crop to cotton.this year to dealers will book less quantity with co in advance.
Novartis may appeal. The last word on this is not yet out !!
PS - invested in Torrent pharma....feel like @sinha124 above. views may be biased
Great Show by Eicher on RE and CV front.
On analysing number in details. Undestand that growth in RE is more in <350 CC as against >350 CC,
While in CV case, Bus segment has shown marginal growth with higher growth >16 tonnes trucks has almost double during September 2015.
My assumption is Volvo Truck >16 Tonne Eicher truck has better profitability and realisation vis a vis LCV and Buses. If anyone has view about same, please share.
Thanks in advance
