Decent business at a decent valuation. Like you said, Execution is Success here. There is no differentiation other than providing good service. And a big people operations. Growing 30-35% itself is ambitious because of hiring requirements. So, Scaling business is not easy and brings more risk.
Comparatively looks good but I am struggling to see why to invest unless they are trading extremely cheap which is not the case here.
Sir ji I think Macfos or robu.in also into trading of such and many morts parts used to build drone. I have a friend who is into making drone (FPVs the fast ones) he uses robu to order part and assemble them but he has to program himself the balancing and stuff.
Sorry if I misunderstood your point above.
Also great job initiating this thread ancillary ka ancillary is much needed in this competitive market.
@dpatel are you tracking or invested in Yash Optics & Lenses? Looks to be the only listed company outside of GKB Optics that manufactures optical lenses. Historical operating margins look impressive plus they have an exclusive licence to sell Hoya lenses in India.
Thin margin can be a moat if they manage it. But what I understood from concall is they don’t hold inventories long enough. So just like a sabji wala as long as you are selling your inventories fast you are safe. Falling comodity price can be bad thing for the manufacturers. Just like a farmer if vegitable price goes up it’s good for them and vice versa. For a trader falling price will work against the top line growth but margin will remain same.
Here they have explained about how they can tackle against inventory losses
I think its all about perception. When banks were aggressive in gold loans then general perception is that manappuram is well placed then muthhoot due to diversification of business. And now when banks are not very much interested in gold loan then perception is becoming that Asirvad can make the business of manappuram quite risker.
There are things known and there are things unknown and in between are the doors of perception.
Holding and biased from 89 levels
Hello investors,
Little bit new to this space.
While I know that the company is very pro Li-ion batteries and has been investing heavily in the EESL plant, I recently came across a report which suggest that the price of Li-ion batteries have fallen significantly.
source: Navuma Research
While the production has not stared for EESL, my view here is the inventory realizations have gone down significantly for batteries. Does that pose a threat to the companies margins? There is over supply in the market for these kind of batteries from Chinese players which is leading to such low realization.
My concern is oversupply as anti-thesis has started to playout, so should be concerned in the future margins from the new capacity.
Disc: I am invested in Exide since 2022 (at 190s levels)
@nil Will share the latest spreadsheet after I update today.
Many people had raised a concern on market falling and what we should do with our pf. One of the suggestions we made at that time was to look at 50EMA and 200EMA to determine state of market. If the market was turning bearish, we could shift from equity to cash or gold.
@Mudit.Kushalvardhan Many studies done in the past have shown that the optimum period for look back is 6+ months; that is why we have chosen 6m and 1y in our case.
Shorter look back periods can throw up stocks that show sudden spurts that may not be consistent.
I did a quick check on data from 6m. There is difference between pure rate of change (returns) and volatility managed returns (momentum ratio).
| ROC | Momentum ratio | |
|---|---|---|
| 1 | COCHINSHIP | GLENMARK |
| 2 | GRSE | DEEPAKFERT |
| 3 | POWERINDIA | COCHINSHIP |
| 4 | DEEPAKFERT | WHIRLPOOL |
| 5 | GODFRYPHLP | POWERINDIA |
| 6 | GLENMARK | BIKAJI |
| 7 | AEGISLOG | DOMS |
| 8 | ARE&M | ERIS |
| 9 | KAYNES | CHOLAHLDNG |
| 10 | TEJASNET | CROMPTON |
| 11 | CDSL | NATCOPHARM |
| 12 | MOTILALOFS | GRSE |
| 13 | DOMS | SUVENPHAR |
| 14 | PCBL | GODFRYPHLP |
| 15 | CENTURYTEX | VGUARD |
| 16 | CHOLAHLDNG | JUBLPHARMA |
| 17 | BIKAJI | BALRAMCHIN |
| 18 | SUVENPHAR | CDSL |
| 19 | FSL | ARE&M |
| 20 | WHIRLPOOL | FSL |
So even for 6m look back, there is a difference between rate of returns and one that is managed with volatility. I guess this would be more acute for shorter look back periods.
My suggestion would be to remain with longer periods for look back.
Thanks brother but I am sorry I couldn’t convey you right…I was sleepy…sorry
I was talking about trent specifically…is it ok to buy now ?