Posts in category All News
Stanley Lifestyles IPO: Issue subscribed 0.38 times on day 1 so far. Check GMP, other details (21-06-2024)
Kalyani Steel – Steel Sector (21-06-2024)
Hi,
As we all know KSL has acquired Kamineini’s plant for Rs. ~450 cr which has capacity of 350,000 MT.
On Kamineine’s website it is mentioned that they manufacture Billets:
If my understanding is correct, Steel Billets have realization of ~Rs. 40-45,000/ MT, right or am I wrong?
KSL’s current realization are almost Rs. 75-77,000/MT
(All Rs. In cr) | FY22 | FY23 | FY24 |
---|---|---|---|
Total Revenue (Rs. cr) | 1,706 | 1,899 | 1,959 |
Total Volume | 2,28,578 | 2,45,364 | 2,47,500 |
CU% | 91.4% | 98.1% | 99% |
Blended realization (Rs/MT) | 74,635 | 77,395 | 79,152 |
RM Cost (Rs. cr) | 967.3 | 1185.0 | 1120.8 |
RM Cost per tonne (Rs/MT) | 42,317 | 48,294 | 45,285 |
Gross Profit per tonne (RS/MT) | 32,319 | 29,101 | 33,867 |
EBITDA (Rs. cr) | 338.6 | 245.7 | 371.0 |
EBITDA per tonne | 14,812 | 10,012 | 14,988 |
I have 3 questions from this:
- Will KSL sell commodity Billets from Kamineini’s plant or Carbon/Alloy it after processing?
- What could be the realization and EBITDA/MT of Kamineni’s products?
- Is Kaminein’s entire capacity available for production or actual utlization would be lower because the plant is old?
Would be great if anyone tracking thye Co. closely could enlighten on this. Thanks
Barometers trade with minor losses; Consumer durables rally (21-06-2024)
GAIL shares fall 0.77% as Nifty drops (21-06-2024)
NBFC Avanse Financial files draft prospectus for Rs 3,500 crore-IPO (21-06-2024)
All-India Consumer Price Index for Agricultural Labourers Up 7% On Year In May (21-06-2024)
Venus Remedies (21-06-2024)
I feel Venus remedies can pick up from here, I belive in following points
- Market Authorization for Oncology Drug, can enjoy higher margins
- Promoters increased the stakes in last 2 years
- Securing a tender from UNICEF
- Global expansion in coutries like Ukarine
Siemens shares up 0.15% as Nifty drops (21-06-2024)
Why do you think people in India don’t take help from financial advisors? (21-06-2024)
Trust issue Imo. No way objectively evaluate the performance of a financial analyst / advisor. Skeptical that the advisors
- don’t know what’s best
- put their interests over ours.
Need to separate the wheat from the chaff; like mutual funds i.e. regulated to report on their portfolio, and results; you can see underperformance and separate the wheat from the chaff.
Similar regulations may help - transparency on commissions; there should be a ratio of Commissions / XIRR that advisors should be required to report. Or there needs to be a platform that does this. Otherwise most people have more trust out of the box on finfluencers (where followers is a (unreliable )proxy to trust) vs RIAs where there is no such objective metric.