CBI request for polygraph tests on Ghosh, other docs allowed; Mamata writes to PM (22-08-2024)
Heated exchanges at first Waqf JPC meet; next meet on August 30 (22-08-2024)
Cong, NC stitch J&K alliance; formula to share seats soon (22-08-2024)
Piccadily Agro Industries Ltd (22-08-2024)
Dru is 55 proof and hence will not be available in India except the airports . So unlikely to make significant impact soon on sales .
Piccadily Agro Industries Ltd (22-08-2024)
Dru is 55 proof and hence will not be available in India except the airports . So unlikely to make significant impact soon on sales .
Piyush Goyal not against e-commerce platforms, but… (22-08-2024)
Piyush Goyal not against e-commerce platforms, but… (22-08-2024)
Eco Recycling Limited (Ecoreco (22-08-2024)
Thanks for checking that. I have found the answer in H1 concall , promoter has mentioned that the investment done in setting up capacity of 18000 metric tonnes was classified under current liabilities as per the advice of the auditor and they have put it under line item ‘trade payables’.They should have put it under 'Purchase of Fixed assets or machinery ’ in ‘Cash flow from investing activities’ to avoid this confusion, according to my novice accounting skills
SG Mart- Can it successfully create a marketplace? (22-08-2024)
The company started a new business from ground zero in Q1 FY24. Even then, it always gave positive EBITDA nos. That it self is a big deal, most business will fail this criteria at that stage. As it scaled over next 3 qtrs. it slowly got very close to it’s desired margins. Normally Since PE is a historical measure it will make sense to use it when history is normal. Clearly it isn’t the case when a business is just born. That’s reason no.1.
2nd like you also mentioned, since interest income is a BIG part of the PAT and we know that the cash that’s giving that income is going to get used, then no point including that in eps and getting to PE. EV/EBITDA helps to get over this problem. and forward looking EV/EBITDA ratio is a better measure to see if it makes a case for investment or not. These are MHO, others can help more in theoretical concepts. I am not a purist when it comes to valuation and investment theory related topics