Hi Chaitanya. Thanks for the reply. The reason I have decided to keep the remaining shares forever is to not lose a multibagger in case if it’s have its run. Also I will have no regret booking profit at 5x even if the stock becomes a 100x because you still get to enjoy 50x returns and any returns that you may have earned with the 2.5x amount you used to buy another stock. When you sell a stock or keep it forever, in hindsight you will regret if your decision is wrong. That’s why I have come up with a fixed process to follow in any stock that runs 5x. I did sold 2 of the stocks at 3x and 4x and they ran to become 10x and 18x and that’s the reason I have come up with this process. Not sure if I will have such a multibagger in my portfolio in future or not or will be able to follow my own process but as of now that’s the plan.
Posts in category All News
Xpro India – getting bigger? (02-07-2024)
XPRO India -
Q4 and FY 24 results highlights -
Q4 outcomes -
Sales - 128 vs 124 cr
EBITDA - 16.8 vs 19.3 cr ( margins @ 13.1 vs 15.5 cr )
PAT - 12.4 vs 4.3 cr ( due exceptionally high tax rate in Q4 LY )
FY 24 outcomes -
Sales - 465 vs 511 cr
EBITDA - 66 cs 74 cr ( margins @ 14.2 vs 14.6 pc )
PAT - 44 vs 45 cr
Company raised 140 cr by issuing 14.35 lakh warrants @ 975 per warrant. Out of these, 1.05 lakh warrants were issued to promoter linked entities. These warrants entail 35 pc upfront payment and remaining 65 pc within 18 months
Company also raised an additional 150 cr by issuing 13.62 lakh shares to Institutional buyers @ Rs 1101 per share
Company’s products -
Dielectric / Capacitor films - Company is the only manufacturer of Di-electric films in India catering to 33 pc of country’s requirements. These films are used as the di-electric medium in new age capacitors. Company intends to double its dielectric film manufacturing capacity in FY 25 and triple its manufacturing capacity before end of FY 26. These are difficult to make, require exceptional in house skilling and the process in capital intensive. No one in India except XPRO has been able to make them
Company can make Dielectric films with thickness varying from 3 to 15 microns. Lower the thickness, higher the complexity in manufacturing them
Coex Sheets - used as sheets / liners in refrigeration industry. Here also, company is a mkt leader with most white goods makers as their clients
Cast films - used in tyre and tread industry, conveyer belting industry, in making sanitary pads, diapers, surgical drapes, packaging industry
Subdued demand for refrigerators resulted in pricing and volume pressures for the company’s Refrigeration liners business in FY 24. The same is expected to reverse in FY 25
Breakdown of sales in FY 24 -
Sale of Di-Electric films @ 145
Sales of Coex sheets + Liners @ 255 cr
Sale of Cast films @ 65 cr
The new capacities of Di-Electric films that the company is putting up will be able to make films with thickness as low as 2 microns ( mkt is moving towards lower thickness films )
The second line ( new one ) of the Di-Electric films should go live in Q3 this yr. The third line is expected to go live in Q3 of next FY
DiElectric films have high end / low end applications. Eg - for a ceiling fan capacitor, the specs required are not very stringent. But the films used in Capacitors used in high end applications like EVs etc are significantly high value and command a pricing premium. Its the higher end films where the company intends to play
EBITDA margins for Di-Electric films is > 40 pc !!!
EBITDA margins for rest of the films is around 5-6 pc !!!
Disc: holding, biased, not SEBI registered
Ranvir’s Portfolio (02-07-2024)
XPRO India -
Q4 and FY 24 results highlights -
Q4 outcomes -
Sales - 128 vs 124 cr
EBITDA - 16.8 vs 19.3 cr ( margins @ 13.1 vs 15.5 cr )
PAT - 12.4 vs 4.3 cr ( due exceptionally high tax rate in Q4 LY )
FY 24 outcomes -
Sales - 465 vs 511 cr
EBITDA - 66 cs 74 cr ( margins @ 14.2 vs 14.6 pc )
PAT - 44 vs 45 cr
Company raised 140 cr by issuing 14.35 lakh warrants @ 975 per warrant. Out of these, 1.05 lakh warrants were issued to promoter linked entities. These warrants entail 35 pc upfront payment and remaining 65 pc within 18 months
Company also raised an additional 150 cr by issuing 13.62 lakh shares to Institutional buyers @ Rs 1101 per share
Company’s products -
Dielectric / Capacitor films - Company is the only manufacturer of Di-electric films in India catering to 33 pc of country’s requirements. These films are used as the di-electric medium in new age capacitors. Company intends to double its dielectric film manufacturing capacity in FY 25 and triple its manufacturing capacity before end of FY 26. These are difficult to make, require exceptional in house skilling and the process in capital intensive. No one in India except XPRO has been able to make them
Company can make Dielectric films with thickness varying from 3 to 15 microns. Lower the thickness, higher the complexity in manufacturing them
Coex Sheets - used as sheets / liners in refrigeration industry. Here also, company is a mkt leader with most white goods makers as their clients
Cast films - used in tyre and tread industry, conveyer belting industry, in making sanitary pads, diapers, surgical drapes, packaging industry
Subdued demand for refrigerators resulted in pricing and volume pressures for the company’s Refrigeration liners business in FY 24. The same is expected to reverse in FY 25
Breakdown of sales in FY 24 -
Sale of Di-Electric films @ 145
Sales of Coex sheets + Liners @ 255 cr
Sale of Cast films @ 65 cr
The new capacities of Di-Electric films that the company is putting up will be able to make films with thickness as low as 2 microns ( mkt is moving towards lower thickness films )
The second line ( new one ) of the Di-Electric films should go live in Q3 this yr. The third line is expected to go live in Q3 of next FY
DiElectric films have high end / low end applications. Eg - for a ceiling fan capacitor, the specs required are not very stringent. But the films used in Capacitors used in high end applications like EVs etc are significantly high value and command a pricing premium. Its the higher end films where the company intends to play
EBITDA margins for Di-Electric films is > 40 pc !!!
EBITDA margins for rest of the films is around 5-6 pc !!!
Disc: holding, biased, not SEBI registered
NTPC – Thermal Power (02-07-2024)
NTPC Q1 update - Power generation up by 9.5%. Captive Coal output Jumps by 15%
https://www.ndtvprofit.com/business/ntpcs-captive-coal-output-jumps-15-in-q1
Is there efficacy of expunction in era of live telecast, digital media? (02-07-2024)
Atma Nirbhar Bharat – Stock opportunities (02-07-2024)
The likely beneficiaries listed companies would be Titagarh rail , Jupiter wagon , Ramakrishna forgings,. Escorts Kubota has a railway division specialized in railway brakes, has been supplying railway brakes. However railway division of Escorts was to be sold to a German company called Knorr Bremese. Knorr Bremese is the world leader in modern railway brakes. knorr Bremese has been here in India too since decades. Wabco India is another company specialized in pneumatic brakes.