Hi Hitesh Sir!
Would like to know your view on Castrol India Technically. Stock is around the major resistance range of 210 – 240. Fundamentally, the Company has been on the radar due to a change in the business strategy which leans towards electric vehicles.
Nice. But on a lighter note, who will work. All young engineers are looking to become full time investors 
the stock on an average has traded at a value of .5 to .6 to its book value and during bull run it has gone upto 1 and the highest it has been is 2.5 right now we are in shipping supercycle ,dont know how long this will last but if managmanet is able to increase there book value for 3 to 4 years then it would trade at similar valuation it traded historically and if the shipping cycle goes through headwinds i feel the stock will correct again hence sold the stock.
Many issues with the company:
Capex vs ROCE:
ROCE of the company has decreased even without significant capex
Depreciation Effect:
Company is depreciating a lower percentage of assets. This is contributing to an increase in Net Profit
Pledge:
Promoters have pledged a significant portion of their holding
Contingent Liabilities:
Company has significant contigent liabilities which can be risky
Share price:
Share price has decreased over last 10 years more due to earnings
Working Capital:
Company has significant working capital which is dragging its ROCE and ROE
Debt:
Company have issues servicing its debt
Your thoughts please @Rahil_Dasani
Although too late to inform as I have started reading this thread now.
HFCS is been a old product.
It was manufactured by Sukhjit Starch then back in 1998 or prior to that period.
I had prepared a research report then on HFCS hence know a bit about it .
This is very exhaustive and helpful, @Ketan_Chheda.
I have a very tiny immaterial exposure as well…and to me the key risk, as in any other microcap stock, is the ability of the management to scale operations from here on, without taking any shortcuts.
@Gautam_Chopra accounting credibility of that a big? figures of Nominal GDP may also be false. Smart money doesn’t have China in its map, as of now. So careful. Thank you.
We have few dedicated threads on chemical sector. Please move your post to those threads.
post every week or share scanner
Can you help decipher the recent Protean results? There seems to be no explanation to the dizzying 45% decline in profits even though revenue seems to have increased 15% YOY