Yes, they are just using public funds in a very wrong manner. The company they acquired they already are partners and have given astounding valuations and using public funds to acquire them. All of this is just wrong. Would heavily tell anyone to avoid this company.
Posts tagged Value Pickr
Cochin Shipyard – No more Cheap (25-05-2024)
I get it. Invested in some defence plays myself at lower levels. My point was not on orderbook but a broader point that on avergae shipyards/defence psu have significant issues on execution, and margins.
At CMP entire PSU defence pack is overvalued. One year back all these plays were at buy levels. Now not so much. We are fast approaching levels where to sell and invest in other sectors of economy would pay better results over next 1-2 years. Anyway just a point of discussion.
@itsnotraunaq [quote=“itsnotraunaq, post:118, topic:33814”]
Hi can anybody explain what does RFI/MidStage Order Pipeline of ₹84,000cr means? How soon do these potential orders go from RFI to RFP? Will Cochin have to bid for these projects i.e. are there other players looking to grab these orders as well?
[/quote]
RFI to RFP is a process of 1-3 years depending upon project importance/ JV and Licensing deals. While most do go thorugh, there is always a 10% project delay/ 5% drop due to changes in MOD planning.
Antony Waste – Long Term (25-05-2024)
Result looksling good just because of negative income tax
Cochin Shipyard – No more Cheap (25-05-2024)
I am not sure , we will have to check up on this.
Cochin Shipyard – No more Cheap (25-05-2024)
Hardik
Order book as of Dec 2023 is Rs 21500 Crore
It is not only the order book which is important, it is the future earning potential for which market is giving high valuation-
(1) Atma Nirbhar Bharat- 100% future orders from Indian Navy, coast guard are coming to the 3 shipping companies namely Mazgaon , Garden reach , Cochin shipyards…
And as China is strengthening it’s Navy and we are 10 years behind China, our defence shipping companies seem to have a strong runaway for growth
(2)These shipping companies have signed master service contract with US Navy for repair and maintenance- india is surrounded by sea in its East and Western coasts and so alll kinds of ships have access where our shipping companies have Docks.
Cochin shipyards had already got orders from European clients.
(3) All of these companies are expanding and are also undertaking commercial business from Pvt shipping companies from india and abroad.
Every company is targeting exports business as well.
(4) Ship building , repair etc are labour intensive and India labour is cheap. So all advanced countries may be looking for India for outsourcing.
If you want quantification , I think screener data is updated up to Q3, 2024… you can get a flavour.
The recent article also gives an updated data for all 3 shipping companies
Discl; Invested in all the 3 shipping companies from lower level. May be biased. please do your own assessment before investing
Sanghvi Movers (25-05-2024)
Maybe because the crane assets have pretty good resale value upon liquidation and quite long working life etc.
Disc: invested
NTPC – Thermal Power (25-05-2024)
discl: Invested from lower level. not a buy sell recommendation.
plesse do your own assessment before buy sell.
Cochin Shipyard – No more Cheap (25-05-2024)
Hi can anybody explain what does RFI/MidStage Order Pipeline of ₹84,000cr means? How soon do these potential orders go from RFI to RFP? Will Cochin have to bid for these projects i.e. are there other players looking to grab these orders as well?
Thank you.
Cochin Shipyard – No more Cheap (25-05-2024)
What is the order book position as that is key concern.
If you see shipyards globally, they do not quote at more than 15-20 times earnings.
What is likely FY26 earnings in terms of EPS. That should determine if stock is overvalued.