I agree with that results for FY24 were really poor. All guidances given by the management at the start of FY24 blown away. Feels like the products are commodity kind of, and there is over capacity through imports, as such margins n volumes are very much lower than the estimates given.
Posts tagged Value Pickr
Combining AI and Equity Market (16-05-2024)
there is another way. use concall script from screener - download and upload to google drive and then use gemini @Google Drive plugin to read that script and start context based conversation with gemini to analyse the concall and tone.
FIEM industries : auto ancillary player (16-05-2024)
… rupeevest website …
CMS Info Systems Ltd (16-05-2024)
I’m not comparing them per se rather trying to figure out how much of their tech solution business overlaps with the large and midcaps listed IT giants.
For eg: CMS provides ATM software solutions, from what I (being a non-tech guy) understand this includes the algo on which the software of ATM machine works now TCS also has a similar service which they provide to the international clients as of now, but can very well be done for the domestic banks/fintechs at a cost effective rate.
Like for eg this 2013 agreement with federal bank
I understand that this may be a far fetched idea but can anyone here point out if this can potentially emerge as a threat to CMS’s tech expansion?
Walchand Peoplefirst Ltd Dale Carnegie master franchisee (16-05-2024)
Walchand Peoplefirst has been successfully empaneled with Capacity Building Commission (A Government of India body) for a period of 2 years w.e.f March 12, 2024 or until further orders.
See this document on their website:
https://cbc.gov.in/sites/default/files/Empanelment_Notice.pdf
This will probably bring additional revenue for them. The tender was for training between 1000 and 50,000 people. They don’t seem to have informed BSE about this yet.
AGI Greenpac- on the cusp of growth? (16-05-2024)
SEBI fined AGI for failure to disclose to shareholders key details of the modifications to the HNG deal required by CCI. The order is discussed in detail in this article -
https://businessworld.in/article/sebi-fines-agi-greenpac-for-inadequate-disclosures-to-shareholders-519391
A week back, following the SEBI imposed penalty, AGI has made a voluntary disclosure of all litigations pending with Supreme Court and NCLT regarding the HNG deal. Total 12 challenges, 7 with Supreme Court and 5 with NCLT. Of these 4 have been filed by Independent Sugar, 2 by UP Glass Manufacturers’ Syndicate and the rest by various labour Unions of HNG.
UP Glass Manufacturers’ Syndicate has 4 Directors, all of whom own glass making companies. One of the directors is Mr. Sanjay Agarwal of Kwality Glass Works. There is a Sanjay Agarwal who is the sitting President of the All India Glass Manufacturers’ Association - The All India Glass Manufacturers' Federation. Not sure if its the same person. The Sr. Vice President of AIGMA belongs to AGI Glasspac.
Disc: Not invested. Tracking the HNG acquisition.
Embassy REIT: Is this “Blackstone” promoted REIT is real diamond? (16-05-2024)
I think this an important point. Dilution of REIT equity is here to stay at the expense of minority shareholders. Raising equity at considerble discount to NAV will be value destruction.
The point to think is , whether this act makes REIT as non investible category, or we can still invest in REIT at a price where this risk is captured.
In my memory, I can remember many companies that do capital allocation errors, but the quality, longivity and growth in business compensates against the capital misallocation, when bought at reasonable price. For example ITC diversified into Paper & Hotels, businesses that have sub par economics compared to core business, and it will continue to do so in the future. Still, I think at a particular price ITC is a buy.
Can we think in similar manner about embassy, or we should completely avoid it, is a call that investor has to take.
Disclosure - Invested
JTL Industries – Fast Grower at an inflexion point (16-05-2024)
Yes, it is true the assets of the company were showed at book value and not at fair value but going forward the asset will be of close to 500 crores as per scuttlebut the company has a good land bank for expansion from past many years and now buildings and construction is going on, in the past the they used to manufacture the pipes through their sister concerns and now they are being full Integrated players with merging all those entities into the listed company like we saw recently and also modernization work is going with DFT technology which will help them ensure better quality pipes.
Gulf Oil Lubricants – A low risk way to play the economic cycle? (16-05-2024)
Revision | >>Windfall Tax on crude oil cut to ₹5,700/t from ₹8,400/t
Positive for for base oil prices, lower input cost and margin expansion ?