I think the main factor is capex spend on new greenfield hospitals which will take time for utilisation. In the last ~2 years, nost of the expansion was brownfield so it added to bottom-line quickly and the stock went up accordingly. My view is we might see time correction at this levels in the short term.
Posts in category Value Pickr
Power grid – a superior alternative to Invits (19-08-2024)
Interesting insights from Q1 concall regarding PGCIL grid performance against world’s grids in China, UK, USA and Brazil. Way better apparently.
IRB INVIT TRUST- new game in the town! (19-08-2024)
Hey Kalyan, thank you so much for this.
Amrutanjan Healthcare – Finally Waking Up After 100 years? (19-08-2024)
Thank you for estimates! Nice work! May I ask of your estimate of Amrutanjan’s (and generally the industry’s) overall Cost of Capital?
The reason why your estimate of Cost of Capital would be valuable for me is because it helps me assess the growth ambitions of the company. Growth only adds shareholder value if the return on invested capital is higher than the cost of capital. On the other hand, if return on invested capital < cost of capital, growth leads to value destruction.
Many thanks!
Kitex Garments Limited (19-08-2024)
Any views on the qualified opinion given by the auditor regarding investment in US Subsidiary?
Va Tech Wabag (19-08-2024)
Begining to get expensive. Almost entire run up in last year is due to re-rating.
Despite so many industry tailwinds, management has only guided for15% growth(2x rev in 5 years, 4x in 10years).
Narayana Hrudayalaya Ltd (19-08-2024)
I believe there are multiple factors for this:
The Hospital sector lost its momentum after the News of Supreme court order for standardization of rates…
However, NH is entering into new vertical like Health insurance and its investing heavily into new hospitals. The new hospitals have a gestation period higher, even though there are doing capex now, that will take more than 2-3 years to reflect in profit and loss statements. These are the details as of now. I believe these are some of the reasons for underperformance.
Advait Infratech: A detailed analysis (19-08-2024)
Advait Infratech has been in the news for being awarded 100 MW green hydrogen project by SECI
While they have showed this in their Q4 presentation they have also given the below clarification to the exchanges.
They have tied up with Gyoufu green energy systems , China for electrolyser manufacturing.
In a recent fundraise Mr. Ashish Kacholia has picked up stake at c. 1400. ( current price c. 1900) .
I don’t think they have any revenues from green hydrogen ops at present. It’s more of buzz and hope.Only thing they have executed so far is a pilot project for THDCIL.
Disc: Not invested…
Hitesh portfolio (19-08-2024)
Hitesh Bhai: Would appreciate your views on the technical setup of VIL. I sense a bullish symmetrical triangle, indicating consolidation phase before continuing the upward trend. TIA.
Disc: Invested basis evolving fundamentals.