Hello, i appreciate your concern of the debt levels but if you look at the FCF yield for this business it is very compelling. So debt servicing especially at lower interest rate should not be an issue for the company. With samhi, one of the key things to look at is that they can add inventory (room keys) other hotel players can simply go build hotels whereas samhi needs to buy the right existing asset. The fact that you have revenue visibility is more important in my opinion
Eco Recycling Limited (Ecoreco (08-10-2024)
Eco Recycling has margins that are way higher than those of Namo eWaste. Both companies have almost similar offerings. Unitll FY 24, Namo did marginally lower utilization of the capacity.
Namo eWaste did a turnover of 100 crs in FY24 with almost similar capacity utilization (a bit lower) but managed to clock EBITDA margins of only 11% whereas Eco Reco did 28 crs of sales with 60% EBITDA margins. I want to understand, how they are different.
Zomato – Should you order? (08-10-2024)
Deepinder on the potential of the events and entertainment industry
LTIMindtree shares gain 1.25% as Sensex rises (08-10-2024)
A total of 4,147 shares changed hands on the counter till 01:07PM (IST)
Glenmark Pharmaceuticals Ltd spurts 2.21% (08-10-2024)
Glenmark Pharmaceuticals Ltd is quoting at Rs 1712.1, up 2.21% on the day as on 12:49 IST on the NSE. The stock is up 118.27% in last one year as compared to a 27.62% spurt in NIFTY and a 53.45% spurt in the Nifty Pharma index.
InterGlobe Aviation – Indigo (08-10-2024)
How does this relate to entry of new entrant in India. For context, Southwest Airlines is struggling airline in US, which lost its charm in last few years. Elliott Investment an activist investor has bought shares of the company and it is trying to get the existing management and board members out and put its own people in place to revive the airlines. See this interesting deck https://strongersouthwest.com/wp-content/uploads/2024/06/Stronger-Southwest_06102024.pdf
I am closely tracking this airline as Rakesh G. might even become CEO here and his airline business acumen is second to none. He was one of the main architect of modern day Indigo low cost model. Read this amazing book https://www.amazon.co.uk/Sky-High-IndiGo-Tarun-Shukla-ebook/dp/B0D1RNB6HF