Raw material cost inflation was the single biggest factor that hurt the margins. The raw material cost surged 29% year-on-year led by the rise in prices of leaf tobacco and wood. The raw material cost as a proportion of sales rose from 40.2% in the same quarter last year to 44.6% this year.
Tapestry-Capri Fashion Merger Is Blocked by Judge (24-10-2024)
The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and Michael Kors.
How Powerful Is North Korea’s Military? (24-10-2024)
The North’s nuclear forces have been the focus of global concern. But its conventional military is vast and empowered — even if it is hobbled by shortages, corruption and isolation.
Setting up a new investment fund. Would like to ideate on the customised screeners I need to build to filter out investment ideas (24-10-2024)
While management quality is more or less easy to rank, how would you address sector performance.
It’s quite difficult to predict more than once which sector would outperform.
We are in the midst of an extremely bullish market with some pullbacks here and there like the one we are currently witnessing. Eventually the bull markets will end. Do you have any models that give you a hint when markets might become too expensive.
Have you done any backtests or forward tests and have they covered these scenarios?
On a side note, I am not sure if you have sebi registration. If not, managing other peoples money might get you into hot waters.
Why Is North Korea Deploying Troops to Help Russia? Here’s What to Know. (24-10-2024)
The move gives Kim Jong-un, the leader of North Korea, leverage to ask President Vladimir V. Putin of Russia for a lot in return.
Shakti Pumps – solar shakti (power)! (24-10-2024)
Company won 600 cr order from UP 2 Months back, that will also complete in an year
SKM Egg Products – thinking out of the shell (24-10-2024)
Let’s assume 5000 MT of egg powder and 5000 MT of liquid egg without considering cyclicality of dried egg prices. So broadly 6250 MT of sales ( assumption 4MT of liquid equals 1 MT of powder). Based on the earlier US price average spreads as discussed earlier this should equal to Rs 237 crore of gross profit (3.8 lakhs * 6250). Assuming all other costs are attributed to the processed eggs business (FY24 Rs131 crores) then broadly EBIT of Rs 90 to 100 crores being conservative from processed eggs.
Also assuming that all non processed eggs are sold at Rs 5.5 net of other costs vs cost of Rs 4.5 net of expenses it should yield an EBIT of Rs 20 crores.
Thus Total EBIT OF Rs 100 to Rs 120 crores on a non cyclical basis. Company will be net cash positive by year end so broadly Rs 75 crores to Rs 90 crores of PAT.
Please note these nos are non cyclical annual expectations from the company and not for FY25.
Of course much more upside in numbers if company scales up production further as capacity available is 7500 MT.
Stacks up well against current market cap of Rs 640 crores.
Bring a specialized commodity near term prices will have a greater bearing on performance. Currently spreads are way above assumptions and egg powder prices will likely move up as contracts get reset.
Invested and biased.
Is Afghanistan’s Most-Wanted Militant Now Its Best Hope for Change? (24-10-2024)
Sirajuddin Haqqani has tried to remake himself from blood-soaked jihadist to pragmatic Taliban statesman. Western diplomats are shocked — and enticed.
EFC – Entrepreneurial Facilitation Centre (24-10-2024)
2Q results were supposed to be released today. Isn’t it?
Senco Gold: Upcoming gold story! (24-10-2024)
How do people see PE and growth of Senco against its peers?
PEG has fallen from 54 to 45 as of 25th Oct and heavily impacted in recent fall than peers. Any view?