Posts tagged Value Pickr
HDFC Bank- we understand your world (24-02-2024)
Adobe Scan 24 Feb 2024.pdf (442.4 KB)
Old vetaran interview summary.
Geekay Wires Ltd (24-02-2024)
One more thing to be noted is always they had other brands income and assume this will continue but topline is the concern
Correct me if am wrong…
An also how about tailwind in this sector ? And how geekey will capture that?
HBL Power: Signs of change (24-02-2024)
Railways to upgrade Kavach to LTE; formal rollout likely in 12-15 months – The Hindu BusinessLine
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The Railways would soon float tenders, around May or June, to upgrade existing and upcoming installations to LTE (long term evolution) technology making the entire system 4G or 5G-enabled and operable.
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Earlier this month, the Cabinet approved reserving an additional 5MHz spectrum in the 700 MHz band for the Railways for the national rollout of Kavach, over the earlier assigned 5 MHz for the automatic train protection system.
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Right now, the Railways have an annual capacity to install 1,500 Rkm of Kavach, which will subsequently be taken up to 2,500 Rkm in FY25 and then to 5,000 Rkm in FY26 as approvals for new vendors come in.
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At least two new vendors are awaiting approvals, sources said. Existing vendors for the tech include Medha, Kernex, and HBL PowerSystems.
IndMoney and Federal Bank Savings Account (24-02-2024)
INDMoney themselves will open an account for you with Federal Bank through the app. The account is mainly used when you wish to transfer funds into the US stock trading account and back.
You place a request for fund transfer on the INDMoney app, the funds will first go into the Federal bank account and from there it will get transferred to the US account.
There is no minimum balance requirements
Orchid Pharma Ltd (23-02-2024)
Orchid Pharma’s ‘Exblifep’ receives USFDA approval: A new milestone for India’s Pharmaceutical industry
Bse notification by Orchid
Orchid Pharma’s ‘Exblifep’ receives USFDA approval: A new milestone for
India’s Pharmaceutical industry
- Orchid is the first Indian company to have invented a product approved under the
New Drug Application (NDA) process by USFDA - The European Medicines Agency granted Exblifep approval in January 2024
New Delhi, 23 February 2024: Orchid Pharma, based in Chennai, India, has received approval by the
United States Food and Drug Administration (USFDA) for its novel invention, ‘Enmetazobactam’. This
development comes in close succession to the recent recommendation for approval by the European
Medicines Agency (EMA). Enmetazobactam is the first completely invented-in-India Beta Lactamase
Inhibitor.
Orchid is the first company from India, ever to have invented a product which has received a New Drug Approval (NDA) from USFDA.
Renaissance Jewellery (23-02-2024)
Q3 FY24 concall
Price Increase of 20-25% for D2C Biz
High demand of Lab grown Diamond in US Market
96% Export Biz linked to US Inflation data.
Going to open new stores in india.
Management confidence about 20-25% cager growth.
Aurion Pro : Yet another IP product company? (23-02-2024)
Established in 1997, Aurionpro Solutions Limited has been providing Software solutions based on homegrown IP. Aurionpro had a software services group, but 5 years ago they sold the business and started focusing only on the IP led business. Currently AurionPro has two core businesses
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Banking and Fintech – Banking products for Asian Banks.
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Technology Innovation Group – Vertically integrated in AFC (Automated Fare Collection, used for Metro train and bus ticketing), Platform solutions to Data Center & Cloud customers
AurionPro management goes deep in terms of product offering once they enter a segment. AurionPro made acquisitions in the AFC business segment, and developed fully integrated HW and SW platforms. Using these products AurionPro competes globally and has won orders from global transit customers including California. AurionPro has developed an EMV certified payment terminal. AurionPro’s Data Center Platform solutions business is new, and I am confident that they can scale this business in the coming years.
Average growth rate of Banking business is 15-20% whereas Technology Innovation business is 15%. They are growing at 30-35% in the past two years, but these growth rates may not be sustainable in the long run.
How AurionPro is different from the other SW businesses: The management has a spawner DNA. They venture into new businesses and they kill these businesses if they don’t work. For example, the Cyber Security group was killed in 2021. They have also killed SmartCity solutions business as they receive revenues from state govt. agencies and they are not predictable. Aurion acquired SC Soft which is a back bone of their AFC business.
Recurring revenue. Once Aurionpro delivers a solution, a portion of their revenues will become recurring in nature. Though management didn’t split recurring revenue contributions, it’s going be 15-20% of the order value. This is going to be a considerable part going forward as they start supporting more banks, transit systems.
Management Quality: The new CEO Ashish Rai is an amazing operator, and capital allocator. As the stock price went up, he raised the capital from the market for R&D and acquisitions. The company expends all the R&D instead of capitalizing as they launch the new platforms and solutions, hence the margins are not fully reflected for the matured businesses like Banking.
Valuation: AurionPro currently trades at 5250 Cr market cap trading at 30x EV/EBITA, and the management guides for 25-30% for the next few years. In 2023, AurionPro grew at 35%. To be on conservative side, I expect a growth rate of 20-25% is reasonable for the next 5 years.
AurionPro Corporate presentation for your reference: https://www.bseindia.com/xml-data/corpfiling/AttachHis/12e76634-22e1-4722-bcf1-8006ba4e8d22.pdf
**Disclosure: Owning the company for 5+Years with 20x return till date, my view maybe biased **
Walchandnagar Industries | Return of a Golden Era (23-02-2024)
I have been again and again speaking on the capabilities of WIL.
Supply of Medical Oxygen Plant was done during covid, these are also used in the Tejas jet. So tech they already have, do they qualify for the jet, possible.
Developed prototypes and tech demonstrators for land systems
- Missile launchers for agni program was developed initially by WIL.
Pressure testing facilities for the boosters of the gaganyaan program, developed for the first time by WIL
Only indian manufacturer of propulsion drive system for submarines
- this lead to and will lead to import substitution
got qualified in 10 different missile programs
- asthra
- rudram
- vlm sam
was selected by DRDO as its industry partner for developing launchers, both trailer and wagon mounted.
Containerized Launcher System for the strategic submarine programme has been successfully developed through reverse engineering.
- this again led to import substitution.
only competent Indian firm to undertake aggregation and installation of the Main Power Plant onboard strategic submarines. Having successfully completed two such installations
has developed the expertise to manufacture air borne launchers mounted on aircrafts. The first of the series of air borne launchers has been delivered.
nominated by IHQ Ministry of Defence (Air) to indigenize critical components of Mi-17 series helicopters.
Equipment manufactured by WIL, have been successfully used in the launching of ‘ROHINI’, ‘SROSS’, ‘IRS’, ‘G-SAT’ and other satellites.
has been identified as a prospective supplier of nuclear equipment by foreign firms. In this regard Atomstroyexport, Atomenergomash of Russia, AREVA now EDF, France, Westinghouse, GE have already evaluated and approved capabilities of WIL for localization of their equipment.
most of the prods they use for space, comes free issue from the govt
- the customer sees some capability and promise to provide this kind of service to its supplier
Now they seem to be moving deeper into the value chain, want to enter newer products which they werent doing before
- Composites- necessary in aerospace engineering because of their high specific strength at lower weight, stiffness, and corrosion resistance.
for almost all the segments this firm has done a tech tie up with international firms
- MAAG Gears with whom they had Technical Collaboration for gearboxes
- has worked jointly with DCNS France for manufacture and supply of Raft Mounted Gearboxes for Anti Submarine Warfare Corvettes.
- collaborated with Winters Instruments, Canada to sell a premium range of precision instruments
invested and biased
Markolines Pavement Technologies – Road to Riches? (23-02-2024)
They had also announced Preferential, but due to the market’s sentiments they withdrew that (as mentioned in the screenshot), So we might see them raising Preferential soon.