Hey, I personally feel the corporate governance issues have been discounted now & given the sheer price run up in aegis logistics during the same period when Ganesh went down due to corp governance issues, I feel it looks really interesting from here.
Key points to track will be the possible realizations of the contingent liabilities & how well they clean up this issue.

Another key point to track will be the completion of capex as management believes that will get executed by FY27 & although they are guiding for EBITDA margins of 80%+, I am pretty skeptical about the same.

Disclosure : holding from Rs145 levels & added at Rs.128

Given the major revenue growth is expected to come 2-3 years down the line, I was planning to adopt an SIP based investing strategy however given the recent fall, it gave a good entry point where marquee investors are putting money at Rs.165-170 levels.

Some valuation data purely from company’s own data sources –

The DCF method accounted. Look at jump in PAT expected from FY25

source : https://www.ceinsys.com/wp-content/uploads/2024/04/Valuation-Report_Mr.-Shryansh-Jain.pdf
Based on these, Market Price per Share: INR 559.90
Current Total Shares: 1,63,39,397
Current Market Capitalization≈INR91,47,05,38,220.30
Now the company has also proposed to issue fresh shares and warrants to raise capital.
Share Warrants: 14,89,086
Equity Shares: 12,50,658

New Total Shares Post-Issuance

1,63,39,397+27,39,744=1,90,79,1411

After the issuance of the new share warrants and equity shares, the company’s total number of shares will increase from 1,63,39,397 to 1,90,79,141. This results in a dilution of approximately 14.35% for existing shareholders.

Current Market Capitalization: Approximately INR 91,47,05,38,220.30
Market Capitalization After Issuance: Approximately INR 1,06,83,25,63,959.90

The increase in market capitalization shows the additional capital raised through the issuance of new shares and share warrants.
But the market is valuing Ceinsys at 770cr. Is the valuation report off? Specially with the DCF method? Or is the company really undervalued as @phreakv6 pointed out in his thread?
Thoughts?

Hi VP Family,
I am a new investor and I want to know the basics of options from stock point of view. I know very basics like CE, PE , strike price, premium what I don’t know is how to select a right strike price and how to decide whether to go with OTM options or any particular strategy in options.

Thanks in advance for your kind support.

What is here “Net profit” and “Cash profit”,why it is different ?

The problem herein isn’t with the company, thay have the authority to issue shares at any suitable price which is acceptable to both the parties & raises the capital required.

But the real culprits are the unlisted platforms that are quoting crazy spreads. A basic test that I follow when dealing with these platforms is asking for both way spreads, i.e., at what price will they buy my existing shares. This has saved me from a very popular platform (rhymes with twisted cone) when dealing with Waaree shares. Either the platform will not quote the other side, or quote a crazy spread.

Here’s the fundraise doc for those asking
Vikram-Solar-Ltd-EGM-Notice-23.05.2024.pdf (218.9 KB)