After bonus share 13 crore will move from reserve of 1000 crore to equity capital. Company is taking loan around 2400 Crore. For that loan company having enough capital adequacy. When you combine Kitex garments + Kitex childrens capital I think combined equity will be more than 1500 Crore.
Loan already have been sanctioned my SBI as lead banker
Disc – invested around 150 to 180 Range when company was 1000 crore seems their share price will cross 10,000 crore within next 5 year
SBI Securities has published the concall summaries of 270+ companies across various sectors. Get Insights on company performances, industry outlooks
SBI_Securities_Result_Concall_Capsule_September_2024_Quarter.pdf (1.9 MB)
Here is what the charts say about shares of Global Health, Lemon Tree Hotels and NCC
The BJP and its allies secured victory in all six assembly seats in Assam and Meghalaya bypolls. The Congress party failed to win any seats. The BJP won three seats, including Samaguri, a minority-dominated constituency in Assam. Its allies, AGP and UPPL, won one seat each in Assam.
An obituary to Thomas Kurtz the co founder of ‘Basic “ computing program . Nice read
Pix showed resilient financial performance this quarter where every other Mfg companies are facing headwinds due to sluggishness in demand in exports.
QFY25 performance
Sales stood at INR 159 Crores, up 30% YoY.
Operating Margins at 32% all time high.
PAT excluding other income up 75% YoY.
OCF of INR 66 Crores for H1 FY25
The reason for this performance is still not clear, but I have tried to connect dots.
Gates, one of the peer of Pix in exports has shown same earning surprise in their latest quarter.
Gates has raised the midpoint of its adjusted EPS guidance to $1.35 for 2024. Approx 80% growth if they achieve it from FY23 levels. Market has taken this as positive stock is already up 35% after announcement and trading at 16 Times P/E FY25.
In NA Pix major focus is on replacement market, here’s what Gates management has to say on replacement market. That’s maybe the reason for the sudden spike in EBITDA margin for pix.
Even though Gates Q3 sales is down by 3%, EBITDA has increased by 170 bps mainly attributed to pricing and favorable channel mix. Agriculture and Construction still showing demand weakness.
If this type of earning surprise sustains then we can say see this stock is perfect candidate for GARP category.
Pix is slowly turning into a cash cow they need to find avenue for deploying this cash otherwise it have no use rather than to return it to shareholders in the form of dividend/buyback
PSP Projects has focused on its core competency, profitable growth & value creation. Its strategic alliance with Adani to unlock large opportunities. Out of current order book of ₹65bn, ₹5bn is from Adani. ₹35-40bn order inflows expected. TP 792 (+30%)
PSP Projects strategic alliance with Adani to unlock large opportunities. TP 792 (+30%)
