It’s a typo. 62% should be for Distillery and 38% for Edible Oil (EO).
Since past few quarters BCL’s main revenue generator is Distillery segment, and this segments contribution to profit and cashflow far outweighs EO segment’s contribution. This gap is only going to increase with the 100KLPD additional capacity now online. For this reason, I had written to company’s IR few months back to explore the possibility of changing the categorization of BCL on exchanges from Edible Oil to something which more aptly suggests company’s new focus, its margin profile and profitability drivers. EO is generally a low single digit margin business while ENA+Ethanol+Biodeisel is around mid-teens. That greatly impacts the multiples a stock commands in the market.
Posts tagged Value Pickr
BCL Industries – Ethanol Pick (Capacity 3.5x in Next 2 Yrs) (29-06-2024)
Ranvir’s Portfolio (29-06-2024)
In my personal opinion, it should only be a matter of time before company ( Advanced Enzymes ) starts growing in a handsome fashion. I guess, we should remain patient for some more time
Large Cap investing (29-06-2024)
Top 10 profitable companies in terms of % Returns from stocks during Fy 2023-24
The combined profit after tax (PAT) for Nifty50 companies in FY24 surged 27% to Rs 8.14 lakh crore in FY24 from Rs 6.39 lakh crore in the previous fiscal. The top 10 companies have a share of nearly 60% in combined profit for Nifty50 stocks.
Here is an analysis as to how much % returns these top 10 stocks have given to investors during fy 2023-24
Multi-Disciplinary Reading – Book Reviews (29-06-2024)
Recently I read this book and found it very insightful and interesting. This book is highly underrated because of no advertisement. The intention for the writing this book by Mr Pulak Prasad is not to earn profit from selling it.
This book is about adopting a new mindset for investing-about reimagining investing by applying the time tested principles of biological evolution. Mr. Pulak Prasad told that the more he studied Darwinian evolution the more he learned about investing. This book is for long term investors and for readers with eclectic taste who are looking for something interesting to read.
I rate it 10/10.
Sanghvi Movers (29-06-2024)
Assuming the same NPM will remain in rental business the net profit from 600 Cr would be 600×0.3= 180 Cr and NP on EPC 400 Cr× 0.12 = 48 Cr
Total net profit in fy25 = 228 Cr. Thats 20 PE on fy25 earnings. Ignoring Capex.
I think people got injected OPM vaccine and developed a fixation around it.
Journey and Portfolio of a goal-based NEEV investor (29-06-2024)
Portfolio update (June 2024):
Update: Used 4th June market crash to deploy ~4% of cash in the existing portfolio (which gave >10% gain so far - luck has many names); namely TIPS LTD, IRCTC, COAL INDIA, VARUN BEV, NARAYANA and WONDERLA.
Also, 100% exited PHANTOM VFX (with minor tuition fees) position since the expected triggers did not pan out. New challenges from Gen AI continue to create difficulties in perception (although reality might be different). Also, the company’s corp governance wrt of disclosure looked lackadaisical (ref: June 1, 2024). Also “receivables” crept up to Rs 51 cr in FY24 from Rs 16 cr in FY23. The risk/reward of holding a micro-cap stock without growth triggers, corp gov challenges and unfavourable financials (receivables) doesn’t look favourable at this point. Hopefully, the learnings of this industry will help in the future.
Again, I feel there are very few opportunities for me right now. Hence, shoring up cash once again and spending more time expanding my circle of competence.
Although studying the paper Industry (have learnings from SATIA), co-working space, wealth management and few opportunities in spaces wrt premiumization trend.
Here’s my latest portfolio:
Stock name | Weight | Avg P/E | Current P/L % | Total P/L % | IRR % | Action |
---|---|---|---|---|---|---|
MOST 100 ETF | 8.8% | 17.9 | 66% | 68% | 32.9 | |
BANK BEES ETF | 7.1% | 12.0 | 42% | 42% | 21.6 | |
TATA INVEST CORP | 6.9% | 24.6 | 246% | 250% | 142.5 | |
TIPS LIMITED | 6.8% | 20.4 | 102% | 122% | 56.8 | Added more |
BAJAJ FINANCE | 6.7% | 22.2 | 36% | 42% | 13.0 | |
IRCTC | 6.7% | 29.0 | 145% | 189% | 53.5 | Added more |
DIXON | 6.4% | 42.1 | 355% | 601% | 101.6 | |
COAL INDIA | 6.4% | 4.7 | 68% | 74% | 91.4 | Added more |
TITAN | 6.3% | 46.7 | 85% | 101% | 23.6 | |
VARUN BEVERAGES | 5.2% | 53.9 | 82% | 83% | 64.8 | Added more |
PIDILITE | 4.4% | 56.6 | 64% | 78% | 19.2 | |
AMARA RAJA * | 4.0% | 10.1 | 145% | 146% | 190.4 | |
INDIAMART | 3.9% | 44.8 | 9% | 51% | 32.2 | |
NARAYANA HEALTH | 3.9% | 24.1 | 29% | 29% | 32.3 | Added more |
ASIAN PAINTS | 3.8% | 46.1 | 9% | 25% | 8.0 | |
CASH | 3.8% | - | - | - | ||
IEX | 3.2% | 14.7 | 213% | 166% | 22.5 | |
TATA ELXSI | 3.0% | 34.2 | 61% | 156% | 50.1 | |
WONDERLA * | 2.7% | 31.5 | 4% | 4% | 15.3 | Added more |
*(asterisk) signifies <1 yr holding period.
Here’s the return profile till June 2024:
TRI till June 2024 | 1M | 3M | 6M | 1Y | 3Y | 5Y | Since inception |
---|---|---|---|---|---|---|---|
MY PORTFOLIO | 4.9% | 7.7% | 14.0% | 39.8% | 14.5% | 23.8% | 22.3% |
NIFTY 50 | 4.5% | 8.2% | 10.6% | 27.0% | 14.7% | 15.4% | 15.0% |
NIFTY 500 | 4.7% | 11.9% | 16.5% | 38.9% | 18.4% | 18.7% | 16.3% |
Note: 1/3/6M is in absolutes while the 1/3/5Y/SI is annualized. The inception date is 10th Nov 2016.
Disclaimer: I am neither a financial nor a SEBI registered advisor. The content shared here is only for learning purposes. So please use your discretion to make any buy/sell decision and not use the above as a recommendation.
Ambika Cotton Mills (29-06-2024)
Hi- None can predict cotton price as it is a global commodity which depends on many factors out of anyone’s control like rainfall, acreage, availability of quality seeds etc… I found it very uncomfortable Ambika management blocking so much money on inventory… Cotton prices rose after covid for which Ambika got benefit and I am reasonably sure that Ambika mngt also didn’t predict it ( If they have predicted cotton price rise, they would have stocked up taking loans as their balance sheet is debt free) . So when they couldn’t predict cotton price movement in the past, I should reasonably assume that Ambika may not successfully predict even now and hence they may lose if cotton price falls…If they are lucky enough, cotton price rises and they pocket the benefit of rise on the cotton stock…… And when Ambika mngt with decades of experience couldn’t predict cotton prices, I don’t think outsiders like us can predict its movements with certainty……current facts are cotton seed producers like kaveri mentioned that seed stocks are low… but at the same time, cotton yarn/ fabric exports are under severe pressure as consumers in western markets are reeling under financial stress owing to high inflation etc and hence their discretionary spends are affected… so quite difficult to make a prediction with certainity reg cotton price…
Screener.in: The destination for Intelligent Screening & Reporting in India (29-06-2024)
Hi @kowshick_kk and Screener team, just posting here for visibility as I have already shared with the team but I’m hoping this can be implemented on priority.
Need additional data for ‘3 quarters back’. (corresponding previous quarter of upcoming quarter)
Currently - Sales, Operating Profit & Net Profit are available.
Here are the parameters needed:
- Other income 3 quarters back
- Extraordinary Income 3 quarters back
- Profit before Tax 3 quarters back
I need it for the upcoming earnings season so that data can be compared Year on Year.
The same data is available for the ‘preceding year quarter’ like this:
I have been requesting this since a couple of quarters now and while I do understand it is more data you have to show, but it is data that is already available and just needs to be accessible to users.
Hoping for a quick resolution!