I think it too early to comment on it.
Posts in category Value Pickr
How to find if Tax is paid by company properly or not (20-09-2015)
@karu_lamborghi_ thank you for the advise.
Can you name few of these commercial softwares which can be used for screening purposes please....
Chembond Chemicals- A Perfect Misvalued Bet (20-09-2015)
Company has earned rs 117.5 cr from the sale of 49% in HCSTL. Can we expect some big dividends.
Cupid Ltd – Helping the world play safe! (20-09-2015)
Investors who are attending Cupid AGM, please see if you can ask the following questions:
1) Can you please let us know what are the different channels of revenue and also please break up the sale percentage between them
(like Govt orders, Exports to clients, Contract manufacturing & Brand selling from online / distributors) ? And which of the following segment you think will
grow fast in future ?
2) Can you please let us know the margins of Male Condoms and Female Condoms ?
3) What is the percentage of sales going into R&D activities ?
4) As our capacities are very much under utilized (which is in a way good for us in terms of future minimal Capex requirement perspective), 37% utilization of
male condoms & 67% utilization of female condoms. When do you expect the utilization of reach a optimal levels of around 60% to 70% in male categories and
how much it will cost (Time & money) to convert any male facility into female facility if needed, based on the demand ?
5) How is the response from e-commerce sales ?
6) Regarding the new product Lubricant jelly: Has the product launch happened already ?
What is the growth prospects you are looking at your new product Lubricant jelly ?
Is it a B2C product or supplied to clients (B2B) ? And what are the margins expected from this new product ?
7) In your website you mentioned ther is a possibility of adding new products like sanitary napkins, Adult & Baby Diapers into the market by the Cupid brand.
But as this market segment is already dominated by the big players like Procter and Gamble, Whisper, Johnson & Johnson etc and do you think we can make a
difference among those well established players, without burning much of the cash ?
8) Is the company open for a strategic buyout by some other big pharma player in industry. If any such offer comes, are you willing to move forward ?
9) There is an grape wine that, Cupid is planning for a JV with Piramal enterprises. Can you please comment on the same ? Or do you have any JV plans in future ?
Best Regards.
CAREERPOINT — double bottom confirmation (20-09-2015)
Just listening to June con call. Mr. Maheshwri says most states have got rid of PETs and gone in JEE route. Looks like its a permanent move, looks a bit worrying
Ramkrishna Forgings (20-09-2015)
Summary of MM Forgings AGM:
The forging capacity utilization was
around 80% in FY2015. So, the company is in the process of expanding its
forging as well as machining capacity at a cost of Rs 125 crore over
next few months. Under this capex programme, the forging capacity will
expanded to 65000 tonnes per annum. Between 2008-2015 production
capacity was increased to 46000 TPA. Existing plants has enough lands
for future capacity expansion. Growth in manufacturing sector around the
work is expected to be sluggish in 2015-16, which in turn could
adversely impact demand for forgings. However the company could mitigate
this over time with its focus on development of new parts.
Of the
73-76% share of export in sales about 10% is accounted for by South
America and balance is equally from North America and Europe. The South
American market continues to grow. The company is confident of
sustaining the Q1FY15 revenue growth and operating margin for the entire
fiscal. All the factories of the company are located in Tamil Nadu.
Power costs in this state are escalating and supply is erratic. Other
input costs such as raw material and manpower costs are also rising
steeply. The company is relentlessly focuses on bringing costs down
especially energy cost.
By connecting the plants directly to the
grid and by tying up with private sources of power, the company has
effectively eliminated its dependence on highly expensive diesel
generation sets. Only about 15% of power requirement is currently bought
from grid. Similar focus on tool costs, low cost automation are also
yielding fruits. The company is also adopting low cost procurement of
raw material both domestic and overseas. All these are facilitating
margin expansion along with better capacity utilization.
The recent weakness of the rupee would be in favour of the company
but maintaining costs down in FY2015-16 will be a tough as power costs
in TN, where all of the company's plants are located, escalate and
supply continue to be erratic.
MM Forgings Management has indicated 5-7% growth in FY16
Common theme that arise out of both these companies (RKF & MM):
1. Growth will primarily be driven by exports for both the companies.
2. Outlook remains positive as they are undergoing capacity expansion to cater to futuristic demand.
Chembond Chemicals- A Perfect Misvalued Bet (20-09-2015)
Catch the bus soon before the stock flies. Closely accumulated by Sheth family who know around 10% of the company. They had a similar exit from Sudarshan and hold major stakes in companies such as Bharat Forge, Asahi India etc. Big story in here, just keep accumulating for multibagger returns.
Ramkrishna Forgings (20-09-2015)
Summary of MM Forgings AGM:
The forging capacity utilization was around 80% in FY2015. So, the company is in the process of expanding its forging as well as machining capacity at a cost of Rs 125 crore over next few months. Under this capex programme, the forging capacity will expanded to 65000 tonnes per annum. Between 2008-2015 production capacity was increased to 46000 TPA. Existing plants has enough lands for future capacity expansion. Growth in manufacturing sector around the work is expected to be sluggish in 2015-16, which in turn could adversely impact demand for forgings. However the company could mitigate this over time with its focus on development of new parts.
Of the 73-76% share of export in sales about 10% is accounted for by South America and balance is equally from North America and Europe. The South American market continues to grow. The company is confident of sustaining the Q1FY15 revenue growth and operating margin for the entire fiscal. All the factories of the company are located in Tamil Nadu. Power costs in this state are escalating and supply is erratic. Other input costs such as raw material and manpower costs are also rising steeply. The company is relentlessly focuses on bringing costs down especially energy cost.
By connecting the plants directly to the grid and by tying up with private sources of power, the company has effectively eliminated its dependence on highly expensive diesel generation sets. Only about 15% of power requirement is currently bought from grid. Similar focus on tool costs, low cost automation are also yielding fruits. The company is also adopting low cost procurement of raw material both domestic and overseas. All these are facilitating margin expansion along with better capacity utilization.
The recent weakness of the rupee would be in favour of the company but maintaining costs down in FY2015-16 will be a tough as power costs in TN, where all of the company's plants are located, escalate and supply continue to be erratic.
MM Forgings Management has indicated 5-7% growth in FY16
Common theme that arise out of both these companies (RKF & MM):
1. Growth will primarily be driven by exports for both the companies.
2. Outlook remains positive as they are undergoing capacity expansion to cater to futuristic demand.
Varun 2020 portfolio – 2 strategies (20-09-2015)
Varun - You are right about 70 to 80 % of your portfolio similar to others, interesting aspect is buying at low values with lot of MoS. Thanks for your reworking of Aarti drugs intrinsic value