Numbers for Q3 FY24 are out. QOQ is flattish, YOY is decent.
Posts tagged Value Pickr
Coal Gasification with Carbon Capture could be a game changer for India-Shifting Coal from an Energy Commodity to a Chemical Feedstock (08-02-2024)
There are many …few more to the best of my knowledge :
(1) They are diversifying in to CCUS…not only for Thermal power plant , but also for steel and other industries.
(2) renewables like CBG, LBG
OIL Chairman and Managing Director (CMD) Dr Ranjit Rath said that the Central Public Sector Enterprise (CPSE) is looking to collaborate with thermal power, cement and steel plants and petrochemical plants from where carbon can be captured. He said that multiple studies are underway to assess the feasibility and identify gaps in the transportation and monitoring, and storage of captured carbon dioxide and monetising it as a source of revenue.
“We are looking at our depleted fields, abandoned wells and exploring using these fields for storing either carbon or gas”
Coal Gasification with Carbon Capture could be a game changer for India-Shifting Coal from an Energy Commodity to a Chemical Feedstock (08-02-2024)
Om…i’d wish to know if coal gasification could someway has any direct/impact benefits to oil india ? considering its participation in the Projects like India-Bangladesh pipe & Indradhanush pipe.
HBL POWER SYSTEMS: Booting-up for the Race of the Century (08-02-2024)
Recent updates by the company:
Invested from much lower levels and the biggest allocation in the portfolio.
Raymond – The Complete Man (08-02-2024)
They are not “debt free” but “net debt free” (have more cash than the debt)
Please see details from investor presentation
Page 16:
Interest on Group NCD’s issued in Q1FY24 to RCCL for ₹1,700 Cr
This is intra-group NCD and interest outgo will get reversed post demerger (I guess this will boost profits in the next fiscal)
^ Q3FY24 and 9MFY24: Includes interest on lease liability, unamortized transaction cost for external loan prepayment through RCCL NCD proceed
Page 19:
52 week highs and all time highs strategy (08-02-2024)
Chart of Sterling & Wilson Renewable
Crossing all its hurdles. Last hurdle now almost 100 points away. Continuously outperforming and can prove to be great turnaround story. In December, it successfully reduced its debt by successfully raising funds through QIP. Company was underperforming due to heavy debt and which led to default on loan installments last year which affected its order inflow as well. Now in the con-call the management has stated that in Q4 they will be able to catch up the revenue loss in the Q3 and whatever anticipated earlier to be complied with.
Tailwinds are visible in the sector for longer period of time.
Invested in the stock
Piccadily Agro Industries Ltd (08-02-2024)
Yes, radico is a good benchmark for valuation purposes I feel.
(My second last post was in reference was to someone’s post where wrongly assumed sales projections for Indri were stated)
Ujjivan Financial – Small Finance Bank (08-02-2024)
Earlier merger was supposed to get over by November 23, now it is already shifted to April 24.
There is no major concern, as you mentioned both the entities are under same management, but some irritation as management commentary and timeline does not match the actual notices narration and timeline.
Tracxn Technologies (08-02-2024)
Hi Aadhar,
Thanks for sharing the detailed post and insightful thoughts.
I have a question on the possibility of scaling top line with cutting interest rates and more funding flowing to private market. Is tracxn’s top line proportional to private equity funding or number of customers deploying the funds? In other words, if interest rates reduce, and as more funding flows in, it may be coming from the same set of customers who already have accounts with Tracxn. So they do not need to open more accounts. Therefore, while funding may grow, Tracxn’s top line may not since number of individual PE / VC firms may increase. More funding in PE space may simply come from most of Tracxn’s existing customers. So, while there may be some increase in the top line with easing interest rates, do you expect a big jump?
By the way, your bull case optionalities do seem real business cases and wish Tracxn management is thinking on those lines.