Seems like Paracetamol API is having trouble…
Concall : Granules
1QWithCNBCTV18 | #YesBank Q1
Net Profit Up 47% At Rs 502.4 Cr Vs Rs 342.5 Cr (YoY)
NII Up 12.2% At Rs 2,244 Cr Vs Rs 1,999.6 Cr (YoY)
Gross NPA At Rs 3,845 Cr Vs Rs 3,982.6 Cr (QoQ)
Net NPA At Rs 1,246 Cr Vs Rs 1,330 Cr (QoQ)
Gross NPA Ratio At 1.7% Vs 1.7% (QoQ)
Net NPA Ratio At 0.5% Vs 0.6% (QoQ)
A update post as have been active on the thread for sometime.
I have sold all my holdings its been a stellar run for me in last 3 years. Plan to be in cash for few days /month and scout for better opportunity to invest.
With elecon being among top 3 positions before the sell with latest quarter result decided to book profits .
Disc - personal view not a advise
Excellent and timely prescience on Justdial.
Results were excellent as well.
Co seems to have great reach n brand among SME sector allover India. Its moat seems to be network effect and brand. Takeover by RIL is leading to better cordination & cutting of costs in telecom and other costs asw ell
Just dial sitting on 3800 crore reserves . Co has assured good dividend or buyback which may further rerate this zero debt huge FCF company.
Discl- Invested after Stageinvesting headsup hence biased .
As per latest shareholding pattern, Pabrai fund has completely exited this business.
No posts here since January 2022. Not much has happened for Sintercom in terms of top-line growth. However, for the last financial year, they reported healthy EBITDA margin expansion.
I was reading the annual report today and the management has set a target of achieving revenue of 50 million euros in the next five years. That would imply 450cr to 500cr revenue by 2028 from current levels of 87cr.
With ample opportunities within the auto industry and plans for diversification, the target seems achievable. If I read between the lines correctly, the target will be achieved sooner than expected.
Quoting Jignesh Raval - “We continue our journey to achieve the collosal goal of making the company a EUR 50 million revenue in a span of the next 5 years.”
Further - “While we say we have taken this as a target, we are confident that with various new technologies we offer to the industry we are not far of from the same.”
Disclosure: Invested
JHS is raising 30 crs for a new plant in Jammu(tax benefits) and interestingly the
BURMANS of DABUR are subscribing the preferential issue of 15 Crs @Rs27.75
10Crs worth warrants being subscribed by MD @Rs27.75
current market price Rs.22
current market cap 170 crs
promoter in the Arihant conference said that he expects this plant to deliver a sale of 100crs.
with Burmans funding the plant, it becomes obvious that dabur will be the major client for that plant.
MAR-24 CONCALL NOTES
1.They had made a dedicated plant for Procter and gamble for manufacturing oral b toothpaste and one plant for detergent also. but as the toothpaste didnt took off, the whole scheme failed and then there was a series of litigation bw the two and they suffered cz of it and the detergent plant also was not utilized by procter. this led to their downfall as other companies also maintained distance from them.
2.Now the things have changed, the have on boarded reliance,hul and amway as customers.
3.Dabur ,chicco, patanjali are already customers.
4. have started a talcum plant.(manufacturing nycil)
5.exports have also started after covid.
6.added people in senior management.
7.they are currently operating at 30% capacity only, no capex needed for 2-3 years.
8. have an order book of about INR110 crores for the current financial year. can further increase.
9. targeting mid teen ebidta margins.
10. have negotiated payment terms with the suppliers and customers
11. have let go low margin customers.
12. 50% price pass-on contracts and 50% are full year fixed contracts
13. Canteen store departments, we started very small. Now, today, we have a reasonable chunk.
14. toothbrushes being capex heavy has an entry barrier.
15. Most of the big brands have their own manufacturing for toothpaste, but none of them have their own facility for toothbrushes.
This calculation does not account for the exponential rise in share price.
I am of the opinion that this leads to Short-term Focus and Retention Issues as stock profits have been so high.
This can also lead to extreme dissatisfaction among those who didn’t receive ESOPs.
Please tell me if anyone has similar concerns and if I am wrong in my concerns.
DISCLAIMER: INVESTED
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