Tax filing season is on and this infographic beautifully captures all the different ITRs.
Source
Posts in category All News
Rudra’s PF and Information attic (30-06-2024)
Shashi Tharoor, Rajeev Chandrasekhar continue to spar over AIIMS in Kerala (30-06-2024)
Ahead of Market: 10 things that will decide D-Street action on Monday (30-06-2024)
Tembo Global – Infrastructure proxy? (30-06-2024)
Thankyou for the pointers. I went through the details. I could not find why the promoters did not subscribe fully to the rights issue, but the pointers were really helpful to understand the business better. May be not a good business, but to develop and understanding, below are my assessments.
- Their cash is mostly tied up in inventory and loans & advances so it is not a real cash item thus the actual cash profit is affected.
- Cash flow from operations is -ve for FY23-24 which is not a good sign. I understand that atleast the cash flow form operations should be +ve indicating that at least some of their notional profit is getting converted to cash. In this case, they will need to borrow money for day to day operations also.
- Their fixed asset growth is less so they are not expanding physically. Means they are not seeing growth in their engineering products business. So one question here is why is their inventory increasing? Could it be due to their trading activity?
- They have more capital employed in the engineering products, but they had a -ve profit margin there in FY24. If their assets are not growing much, then where does the capital employed go? Also they are having more sales in trading business so why is the capital employed in engineering business more?
I no more hold this company but I am curious about understanding a business, their balance sheet, cash flow etc and this is now just one company that I am trying to understand as a part of my learning.
Bull therapy 101-thread for technical analysis with the fundamentals (30-06-2024)
Krishca Strapping- a breakout after a long time, with strong volumes confirming the shift in the trend.
The new unit which is to sell higher margins straps is commercialized. They have doubled the capacity with this unit, taking the revenue potential to 300cr at peak utilisation. This yr they plan to do 40-50% utilisation, and will fully utilise it over 4yrs (although i expect it to be a lot earlier)
The peak revenue of 300cr, is excluding the packaging segment which can do a lot more then strapping segment once they get more approvals
They have also introduced another segment of products, primary packaging, which again is expected to be higher margin.
Have opened up their khaata with SAIL with 2 orders. Its very difficult to get into PSUs, SAIL has given them their smallest plant for now, SAIL has a lot many more plants, huge opportunity opens now.
Only 3 companies compete here, the new fourth one is krishca.
Mid East plan is still on, to setup a unit there, this can be very huge, as they will be the only one with a unit here and will be able to source rm from cheap asian countries, hence can compete even with china
Export sales is growing very rapidly, to do 30cr+ this yr and 100cr in the next 5yrs, i feel it can be done sooner.
Focusing on several new countries and already getting repeat orders, although smaller orders
The biggest risk here was a small TAM, but now they are getting into other prods (ofc a natural diversification and nothing else), these are higher margin then straps.
- one expansion is done
- new expansion is being planned
- packaging segment is moving very well, considering its the first yr of operations
- new geographies will now open up
- new prods are being introduced
Also recently the company has given an intimation of a potential fund raise, which i assume will be used for this new expansion and the Mid East expansion.
there is detailed thread on this company, if needed
invested and biased