Used to be part of Ovobel international.
Recently has seen change in ownership.
Any trackers or views on this microcap? Financials look sound. Russian demand can boost this stock.
Posts tagged Value Pickr
SKM Egg Products – thinking out of the shell (16-02-2024)
Hi.
I used to track SKM back in 2014-17 period, when it went from sub 20s to 250s.Was a beginner that time and made the mistake of entering at the wrong time.I appreciate the management for building such a business. And I see they have cracked markets, which were not easy to crack.But I exited after I found the management has same family business which may not be in the interest of minority shareholders.
Eco Recycling Limited (Ecoreco (16-02-2024)
No I agree with EPR tailwinds. But I don’t see how Eco Reco is supposed to benefit from this to an extent that its being valued at 40X sales and 80X earnings given how small and non-unique the business is. If this space becomes that lucrative, I am sure bigger players will step in fairly quickly and set up facilities and capabilities e.g., Amara Raja putting up lead recycling capabilities
Add to this the fact its already at 1000 crores and not a microcap anymore e.g., RACL was available at 55 crores MCap at 60 Crore sales.
So I am struggling to see what the Safety of Margin is? Or should I just buy the narrative and hop on for a scary ride to the moon?
Hitesh portfolio (16-02-2024)
Sir this caught my attention. In the overall mid and smallcap context – do you see that we have reached certain level which warrants caution. If yes, please share your thought process on the same (why you think so).
Also please share your own action of last couple of months (did you add or reduce?). If you reduce allocation, where that money goes? I noted at one point of time you parked some money in BSE for dividend (please ignore the stock name). Has the approach changed when you reduce stock allocation.
Rain Industries – An oversold de-leveraging play (16-02-2024)
there is also USA ACP plants… That should start commercial supplying first…
Eco Recycling Limited (Ecoreco (16-02-2024)
Fair question, very fair question 
I guess it’s because of this. https://x.com/GunavanthVaid/status/1754567506768146928?s=20
EPR is changing the nature of the business. If the CP kabadiwala can handle this then he surely has a chance of getting a good IPO.
West coast paper mills ltd (16-02-2024)
~ not to forget the fact that paper usage per capita is very low in India compared to western counterparts.
~ only time will tell whether digitalisation is a threat to this sector
~ given the size and domestic consumption of our country I can’t just avoid this sector in my watchlist
Hitesh portfolio (16-02-2024)
Whenever narratives and stories and projections are made for 10 years or more, its time to be careful. First thing in such a situation you do is to check what kind of run up the stock price has had in past 1-2 years. If it has gone up 2-5 times or more, then be very careful about what kind of valuations you are paying. Plus you should know what you are buying and why you are buying.
EMS is the latest sectoral fancy in our markets besides of course the PSU stocks, and the rally still seems to be on in full swing. Problem is we have no clue how long this is going to last. Besides even in terms of overall markets, we have had a strong rally behind us. Maybe even front of us. But we need to be wary of not getting caught up in the frenzy.
I don’t have any specific views in these names, but think overall caution needs to be exercised.
@Ketan_Chheda. I don’t track sportking. Its a typical cyclical textile company and has to be played accordingly.
Companies with 20%+ growth guidance for next few years (16-02-2024)
And add to this… if possible kindly post investors presentation of the company. And previous track record because there is big gap between what management says and what they deliver
Eco Recycling Limited (Ecoreco (16-02-2024)
Looking at the company and financials I am wondering how is it being valued at 1000 Crs. There was a kabbadiwala in Central Delhi (Connaught Place) who had a turnover of ~20ish crores back in 2010. Maybe I should find him and tell him to file an IPO for 2000+ crores now 
This firm looks more like a “dhanda” than a proper enterprise and is valued at 1/6 of Gravita with a 100 time less sales. The “dhanda” part would also explain why their margins are so high as they might be operating as part of the informal sector.
Thoughts on why this “dhanda” is being covered so extensively?