The pending order book ( Q1 presentation) points to avg realization of 18.5 lakhs per machine. In Q1 itself the avg realization was around 18.5 lakhs ( confirmed in the transcript ). Now, the EBITDA margin is higher for defence orders. But the avg realization for those orders is also higher than 18.5 lakhs. So, what could be driving this EBITDA margin expansion from 17% to 19% in FY 25 itself?
Posts in category Value Pickr
Tata Motors – DVR (26-08-2024)
This “scheme” is completely against retail investors I think
Issue DVR at 10% discount and swap them back at 30% discount
From news article…
“Post conversion, the promoters holding in Tata Motors will increase to 42.62 per cent from 41.23 per cent, while that of public will slip to 57.38 per cent from 58.77%”
With all these disclosures and FAQ’s, they should have given a FAQ from shareholders perspective too to highlight tax incidence for a retail investor
This proves to me that Tata Sons has always worked against retail investors – if one was to look at all the cross holdings by Tata listed companies with each other done over last 3-4 decades – all these were actually done on behest of Tata Sons instructions to benefit at the cost of acquiring Tata company’s retail shareholders
Ganesh Benzoplast – Cash rich chemical storage/tank king (26-08-2024)
Q1 concall notes, growth will remain muted until their LPG unit commercializes in FY27.
FY25Q1
- Reason for revenue decline (but profits being maintained): EPC and wharfage business declined, these are not very profitable. Wharfage collection is offered as a service to customers and is done on pass through basis
- Chemicals: expect growth from Q3 and FY25 sales to grow by 8-10%, 8-9% EBITDA and 6% PAT margin. Exploring new products (methyl benzoate, derivatives of lube oil additives)
- Operating at full utilizations across ports, growth will be 7-8% based on rental price increase (taken in April). Expect approval in JNPT to build new tanks
- JNPT LPG: Expected commercialization in October 2026 (capacity: 64,000 MTPA) at one go (and not in phases) and will cost 700-750 cr.
Disclosure: Not invested (no transactions in last-30 days)
Sumit’s Portfolio (26-08-2024)
I think all your stocks have been doing very well over last few years…much better than markets…so congratulations on picking the right stocks!
Can you tell how long has been your holding period in these stocks and some other details about your strategy. Just stock names & allocation percentage shows that your stock picking & capital allocation skills are good. Hope that has been transforming to equally good wealth creation in last 12 years or so?
As you are in markets since long & many cycles, would be good to know your mistakes as well.
Lastly, what strategy you follow specifically for SME stocks…what are criteria to form your universe & ultimate buying decision. How do you track them and finally sell? As most of these SME stocks I randomly checked have Nil PE and I would assume thats because currently the earnings is negative?
Good to have you in the forum. Thanks
BEW Engineering- A proxy play on pharma and chemical sector (26-08-2024)
Management have already clarified on 6th Aug that they have no exposure to Bangladesh so they won’t get affected.
Tata Consumer Products Limited (TATACONSUM) (26-08-2024)
Always counted as FIFO,
Deepak Fertilizers and Petrochemicals (26-08-2024)
The MD is the director of all these holding companies
Tata Consumer Products Limited (TATACONSUM) (26-08-2024)
Thanks, so this means once the rights shares are finally listed, they will be just like ordinary shares? When we sell shares, how will it be determined if we are selling original shares or shares acquired via rights? (As this would be crucial to determine cost & date of acquisition). Thanks!
BEW Engineering- A proxy play on pharma and chemical sector (26-08-2024)
With the ongoing dispute in Bangladesh, potential orders coming from there might get affected.
Tata Consumer Products Limited (TATACONSUM) (26-08-2024)
The rights entitlement was credited as soon as the process is launched and it was trading at CMP – 818. Now the issue window being closed, for those who have applied, new shares will be credited this week and will trade as a normal share at CMP. If you haven’t applied those rights entitlement will be extinguished