What is price per metric ton for Green Hydrogen. Unable to find exact pricing.
Posts tagged Value Pickr
Pravin’s Portfolio (19-04-2024)
Hi Arpit, no need to call me “Sir” My initial investment in Waare Technology has done well so its showing such high stake in my PF. I Started with Waaree Renewable, then shifted a chunk to Waaree Technology as it did well. Both are bringing in good returns, around 60-80 percent. I had re-entered to waaree renewables. Despite their high prices, I’m holding on for the next few quarters I am expecting waaree promotors to make this company profitable but I might pull out if they don’t meet expectations.
Talking about renewable energy, I’m all in. Bought into solar and wind energy companies. Also got into companies like Shilchar and Schneider for transformers and switchgears, and recently added KEI Industries for cables. With the push towards renewable energy and crude prices rising, I’m eyeing the this sector to do good. I am also invested in Waaree Energy unlisted shares and expecting these companies to do well as the world leans more towards renewables.
Vesuvius : Leader in Molten Metal Engineering (19-04-2024)
Notes from the FY23 AR:
- December 2022 Phase IV VISO plant expansion of the Kolkata plant completed | augmented our VISO capacity by 40% | Inaugurated in February 2023
- March 2023 Phase I expansion of the precast plant at Vizag completed | increased our precast plant capacity by 50% | Inaugurated in April 2023
- March 2023 Construction of the Basic Monolithic and Mould Flux plants commenced at the Visakha Industrial Complex: scheduled to be commissioned later this year: with capacity of 130,000 tons
- November 2023 Construction of the AlSi (Alumina Silicate) Monolithic plant commenced at Visakha Industrial Complex: ~ Rs. 88 Crores has been allocated, capacity of 120,000 tons: | anticipate operations by the fourth quarter of 2024.
- India’s steel capacity has crossed 161 million tons comprising 67 MT by blast furnace-basic oxygen furnace (BF-BoF) route, 36 MT by electric arc furnace (EAF) and 58 MT by induction furnace (IF) route. As per the National Steel Policy, India has set the targets of achieving the total crude steel capacity of 300 MTPA and total crude steel demand/ production of 255 MTPA by 2030-31
Notes for the India business from the Full Year 2023 Parents (Vesuvius plc) Earnings Call [Source: https://www.vesuvius.com/content/dam/vesuvius/corporate/investors/results-reports-and-presentations/results/2024/full-year-results-2023-transcript-240229.pdf.downloadasset.pdf] on FEBRUARY 29, 2024:
- In this overall difficult steel environment, our flow control business units performed well and continue to gain market share in volumes in most regions. This was particularly the case in India.
- Sensors and probes after several difficult years is now firmly in the black and should continue to progress in the coming year. The year was more difficult for our advanced refractories business unit due not only to the general market weakness, but also due to market share losses in India and in the Americas, where we gave priority to pricing over volumes. The advanced refractories business unit, however, continued to progress and gain market share in Asia in 2023 and in particular in India
- Several of our robotic solutions were adopted by important customers in North America and for the first time in India. These robotic solutions present important safety advantages for our customers as they allow them to remove workers from some of the most dangerous areas in the steel plant.
- Can you expand a little bit on India?. You’re adding additional capacity. What is the risk that this is the only growth market in the world in steel this year and we attract more competition, more pricing pressure. Are you guys confident that you can offset any of that?… we anticipate a strong growth of the steel markets outside of China in the coming few years. And yes, it’s clear that India is represents a majority of this growth……… it’s clear that in 2024, probably for the second year in a row, India will be – will represent the majority of the growth in the global steel market. Our position in India is strong and I would say reinforcing itself progressively……………… I believe we have the good strategy, the right strategy in India. We are investing in state of the art new greenfield operation, especially new sites in Vizag in a south eastern coast of India, where we made an acquisition of industrial land a few years ago and we are now progressively investing in this platform which will progressively become in the next 5 to 10 years, not only our biggest plant in Asia, but maybe some of our – among our biggest plants in the world……………… And we invest there with best-in-class technology, best-in-class equipment. We select ourself the people that we are hiring. We take top people, both at the management level and in terms of blue-collar and this create a very competitive platform to capture the growth in India. And we believe that it is the right strategy in a market which may be doubling in size in the next 10 years.
- We are specializing in products where there is some barrier to entry, not too much in the commoditized part of the business. And this is what allows us – what has allowed us in '23 for the second year in a row to outperform the market.
- And interestingly, not only in flow control. We say flow control, it is usual. We’ve done it before, and we’ll continue to do it. But also in advanced refractories because of these choices where we are progressing very well. India is an area of strong growth and profitable growth. I insist on that. Strong and profitable growth of advanced refractories business unit.
- Through our two listed subsidiaries, Vesuvius India and Foseco India, which we have been preparing for years for this hockey-stick. We have been waiting for the hockey-stick for quite some time. Now it’s happening, and we are now in a very good position because we have a very strong balance sheet also these two Indian subsidiaries…… We have the cash and we are ready to go and seize the opportunity proactively and rapidly.
- On the strategic expansion, the CapEx you spend there, what are your assumptions around utilization overhead recovery over the course of next couple of years and how that might impact margin?We – our ambition is to fill our new capacity by – I hope 2027, somewhere between '26 and '28. And there are some geographies, my gut feeling is that in India, for example, it will be more '26 than '28. So in other geographies, it could be a bit longer. But our objective is to fill them rapidly.
- Capacity utilization of advanced refractory …………at places like India, we are already we are already at full capacity. So we are really running at full capacity as our teams in India are eagerly waiting for the new capacity under construction to come onstream
Latest Update to the exchange: Capex commitment doubled to ~1000Cr. Mold Flux plant inaugurated. Note that it was expected to be commissioned by Mid-Yr in the FY23 AR.
Disc: Invested today(19-Apr-2024).
Premier Explosives (19-04-2024)
Stock Split 1:5
Fund Raise: Rs 400cr
Focus Lighting & Fixtures Limited (SME) (19-04-2024)
I am unable to understand what this declaration means. Can you explain?
Hitesh portfolio (19-04-2024)
RUMOURS/NEWS versus EVENT.
We have had the expectations/rumours of a retaliatory action from Israel from the time Iran released some missiles. In expectations of that we have faced correction in our markets since past few days. Today morning there was actual event where Israel responded. ( We don’t know what damage they did bcos both sides will have their own versions and we do not know who to trust and how much to trust. )
The sequent of events that usually happen is
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There is uncertainty related to a situation. ( Here it is Iran-Israel situation. Earlier it was Ukraine war)
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In days of these uncertainty rumours, newsflow are rampant and investors and even institutions are scared. Markets undergo correction of varying degree depending upon the impact the event will have on stocks and markets.
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Actual event happens. If it happens when markets are closed, then during pre opening, there will be lots of Whatsapp forwards, and some perennial half baked experts ( whose job it is to opine on anything and everything under the sun including the sun) will try to advise to do this or that… Usually advice is to sell/stay away etc… That sort of thing. And markets open weak in a knee jerk reaction… And start showing signs of recovery quickly within an hour or two. In between there are a lot of gyrations in index of ups and downs within that correction. Volatility in that phase is high.
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Importance for us… What to do and how to react… Best thing is to observe the kind of stocks that have not corrected too much during the preceding weakness in overall markets. How do they behave during this knee jerk reaction. If they do not breach the previous lows convincingly and recover quickly they merit special attention. Keep observing price action in these kind of stocks. If these start recovering and rallying , then they are worth studying and maybe buying if there is conviction. ( for this kind of thing homework has to be done beforehand. Our mind will not function rationally in the face of sea of red )
If we are fully invested, we have no option but to sit on the sidelines and watch the show unfold. If we have partial cash, it can be handy to deploy in above kind of strong stocks. If in a lot of cash, there will be problem of plenty and it requires discipline in deploying the funds.
I have penned this down because this is fresh from memory and might be useful for future reference in a similar kind of situation. This whole logic can be used in an inverted form too for some extremely positive expected event.
PS. There is always an alternative path the markets and stocks might follow in contrast to what is alluded to above. Because markets do not follow any rules. But we should have atleast a set of rules/SOPs to face such situations. Whether it works out well or not is something that time will tell, but we should atleast have a process in place.
RS Software – Will they pay investors too? (19-04-2024)
Did any one notice if they have plan for quarterly concall scheduled for Q4FY24? So far I have not noticed in any communication so wondering if I missed it?
Malkd’s Core Portfolio (19-04-2024)
This mainly works for me when I’m building a position in a huge bluechip company that is going through tough times. The last time i did this was with itc for more than a year between the price of 160 and 200. Once theres very low downside and no upward triggers in sight is the best time to do this. Especially when i dont have a lumpsum to invest and need to rely on monthly sips based on my business profits. Ive kept a bucket of
HUL, Sbi cards, Kotak (already built hdfc with a lumpsum) and will add to them in that order for the next year or so. If one of them runs up atleast i have the other two to add in. Plus you got me intrigued with infosys and considering starting an sip there too if it falls further after these poor results
OM Metal Infraprojects is in Inflection point (19-04-2024)
Just watched great discussion on Om Infra and the whole water space…
https://www.youtube.com/watch?v=66KemTonUiw&t=45s
Points Discussed in the video:
- Promoter background & company history
- Business vertical
- Tender process
- JJM (Jal Jeevan Mission)
- Company strategy- from pure play hydromechanical to diversification in water space
- Future growth areas - PSP (pumped storage project) & River linking
- Africa presence
- Bandra landbank
- Payment structure
New insight I got which was unknown to me: Coal India plans to invest for PSP using their redundant coal plants…
Godrej Agrovet ~ Animal Feed, Crop Protection, Palm Oil, Dairy & Processed Foods (19-04-2024)
Godrej Agrovet -
Q3 FY 24 concall and results highlights -
Revenues - 2345 vs 2324 cr, up 1 pc
EBITDA - 171 vs 160 cr, up 7 pc ( margins @ 7.3 vs 6.9 pc )
PAT - 85 vs 67 cr, up 27 pc
Segment wise revenues -
Animal Feed - 1291 vs 1272cr, up 1.5 pc
Vegetable Oils - 355 vs 362 cr, down 2 pc
Crop protection- standalone - 172 vs 100 cr, up 72 pc
Astec Lifeciences - 51 vs 117 cr, down 56 pc
Creamline Dairy - 366 vs 348 cr, up 5 pc ( sale of Value added products grew by 20 pc )
Godrej-Tyson foods - 223 vs 280 cr ( due sharp fall in live bird prices )
ACI-Godrej JV - 610 vs 600 cr, up 1.7 pc
Percentage of sale of value added products in the Dairy business increased to 36 pc vs 32 pc YoY
Investing aggressively behind Astec’s CDMO business. Should yield good results in medium term
Expecting better margins in Animal feed business in Q4 on the back of better realisations. Realisations for 9M FY 24 @ Rs 1435 / Ton vs Rs 1200 / Ton for 9M FY 23. Expecting these realisations to improve further
Witnessed healthy growth in cattle feed and aqua feed business. Was partially offset by de-growth in poultry feed business
Astec’s CDMO revenues got deferred from Q3 into Q4. Expect a better outcome in Q4
Seeing recovery in live bird prices in Q4. This should aid growth in Godrej Tyson business. Should also help in the recovery in layer feed and poultry feed business
Astec’s R&D engine should start firing as we go fwd. Should help in both CDMO and enterprise business. Expecting to grow CDMO business @ 30-40 CAGR for next few yrs
Astec’s enterprise business continues to be under pressure. The overstocking of agrochemicals in global mkts was to the tune of 12-18 months of consumption. Complete inventory correction may take some more time
CDMO business steady state margins are 5-7 pc higher than enterprise business
Disc : hold a small tracking position, biased, not SEBI registered