Tejas Networks – Product based IT business in a favored sector? (22-09-2024)
Presentation for the investor/ analyst meet
Parliament being turned into ‘deep, dark chamber’: TMC (22-09-2024)
TMC leader Derek O’Brien criticised the delay in forming parliamentary standing committees, noting that only two out of 10 Bills were scrutinised in the last Lok Sabha compared to seven out of 10 in the 15th Lok Sabha. Parliamentary Affairs Minister Kiren Rijiju assured that the committees would be constituted shortly.
Manipur: Congress MP poses questions to Centre, asks why state being allowed to go ‘Afghanistan way’ (22-09-2024)
Congress MP A Bimol Akoijam criticizes the Centre’s handling of the Manipur crisis, questioning why it has been allowed to persist. He urges decisive action and accuses the government of treating Manipur like a ‘banana republic.’ The violence in Manipur has claimed over 220 lives since May 2022.
DDev Plastiks Industries – A Smallcap Gem (22-09-2024)
From Q1 Concall.
On 100% capacity utilization
On Customers growing and we are declining.
On customers doing backword integration
Guidance for increasing capacity from 5k tons to 20k tons once approvals are in place.
Moving up in value chain (from commodity to niche segment)
On Replacing imports
On Focusing on the other business segment:
The major portion is wire and cable and that is the segment which is growing. And the rest of the segments, be it PVC or anti-fibrillation, are low margin segments. So, we are not focusing much on those areas because we do not see any possibility of margin improvement and also means the volume improvement
On US market
On Europe Market:
Delhi: AAP’s Saurabh Bhardwaj assumes charge of Health, Urban Development and six other departments (22-09-2024)
AAP MLA Saurabh Bharadwaj took charge as a minister in the Delhi government, handling eight departments. Atishi was sworn in as Chief Minister along with five other leaders. The new government is facing criticism from BJP, calling it a ‘dummy government’ run by remote control under Arvind Kejriwal’s guidance.
Lotus Chocolate Company: A Tasty Affair (22-09-2024)
(post deleted by author)
PGINVIT impairment of investments in subsidiaries and book value (22-09-2024)
So was doing some digging on valuation report – Noticed that almost 300 cr drop in cashflows (NOPAT) from FY 28 and onwards (100 cr in two SPVs, 80 cr in 3rd and some 20-30 cr odd in 4th).
Currently at Rs 12 DPU – total distribution is appx 1,100 cr. So with drop of above 300 cr, estimated distribution will become appx 800 cr in FY 28 (may have some impact in FY 27 as well). So it seems that they may maintain 12 DPU for FY 25 and FY 26 but may drop to Rs 2.5 per quarter / Rs 10 for FY 27 and later Rs 2 per quarter / Rs 8 to FY 28.
Am I missing something here?