Let me watch that video.
this one?
Actually competetion is very low in this business because of govt. policy. Thanks to the post above on GeM Class-I Local Supplier lead, I was able to hunt down a bit more.
Govt. has been pushing govt. funded institutions to procude through the GeM portal and also insisting preference be given to MSE/MII (Medium/Small Enterprises / Make In India certified)
MII (Make in India) certificate can be procured only if you have > 50% localisation (Class-I) or 20-50% localisation (Class-II). Some tenders even seem to reduce margin of L1 if you are a MSE/MII (like within 15% of L1) or outright reject ones without MII cert. This is what seems to be giving Holmarc the advantage
As for reason for margins being down – its because hiring when capacity wasn’t ready. Last year the company went from 215 employees to 265 employees even as they were funds to come in to put up capex. This year again this 265 number has gone up to 335 and as I had highlighted, these people are currently being trained and yet to be productive since machinery is still being installed.
Margins won’t improve in H1 either though topline should go up. Hiring has continued and from 335 its now close to 350 (though pace has slowed while waiting for commissioning of equipment)
From H2 onward we should see sequential margin improvement as part of capex will be done for H2 and from H1, FY26 productivity should go up considerably when compared to FY25/FY24. As for sales, I am certain demand is robust going by tenders and exports.
These sort of businesses require patience and cannot be played from quarter to quarter as there’s no liquidity and spreads are huge. Over time though with policy tailwind, strong exports, it will do alright.
Disc: Invested
While the presidential winner was once usually known on election night, closer races and more mail voting have made it harder to make the call as quickly.
Some observation regarding RPT during concall
Madhur Rathi: So, just 2 final questions. Sir, our cash has reduced from Rs. 88 crores to Rs. 18 crores between the March quarter end closing and as well as this quarter end closing, as well as your loans have increased and mostly these are the related parties, they have increased from Rs. 72 crores to Rs.94 crores. If you could just explain this, sir.
Sanjay Dighe: It is basically the utilization of the IPO funds that were received, which has reflected in the numbers being a little different this time. I think while we talk to you in the next results call, you will find the numbers being very stable at that point of time.
Madhur Rathi: And sir, this loan that was provided to related parties, sir, so do we plan on reducing this? Sir, this has kept on increasing as we understand.
Sanjay Dighe: These are all short-term and we plan on reducing this.
Can someone clarify this in simple terms?
Any idea when will be result announcement and any idea do they will maintain profits same like last quarter
SEBI proposes 90-day limit for mutual funds to deploy NFO funds, seeks feedback on defining short-term period
The tech mogul is pushing even harder in the final days of the presidential race to get Donald Trump re-elected, with plenty at stake for his businesses.
Domestic equity indices declined on Wednesday, led by falling financial stocks amid foreign outflows and weak corporate earnings. The BSE Sensex dropped 426 points and the NSE Nifty fell 126 points, with analysts noting a rangebound trading pattern likely to persist.
Domestic equity indices declined on Wednesday, led by falling financial stocks amid foreign outflows and weak corporate earnings. The BSE Sensex dropped 426 points and the NSE Nifty fell 126 points, with analysts noting a rangebound trading pattern likely to persist.
Hello @visuarchie, I have been following your threads for some time now. Thank you very much for sharing your system transparently.
Regarding value momentum, I find the concept of stage analysis to be very useful. When a stock from Stage 1 base has just broken out, it enters momentum territory(Stage 2). This is Value Momentum in a way. I have been using this framework for some time now and it has worked well for me. I don’t have a systematic framework around this but you may refer to Stage Investing thread on VP. You may also refer to this blog to understand how the system works Entry Exit Strategy in Stocks- Stage Analysis – Venus Alpha Capital . This strategy is based on Stan Weinstein’s book. He has illustrated it with a number of examples. Mind that if one uses this strategy, they have to be ruthless with selling.
Another way to do this would be identifying fundamental triggers in a business and when they play out, the stock enter momentum. Although, this is a more difficult approach as one needs deep insights in multiple businesses and sectors.
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