Thank you for sharing. It appears that the fixed assets have experienced significant growth, primarily increasing from 20 crores to 33 crores, with a major addition in the vehicle category. The revenue is also showing a positive trend, and there is a possibility of surpassing 70 crores or even more. Upon observing Ritco Logistics, it seems that they, too, have followed a similar trend by adding vehicles in the last 3-4 months.
Posts tagged Value Pickr
Yash Pakka – (Previously Yash Paper) – Rising from ash (09-01-2024)
This is their Expansion Plan outlay from Q1FY24 presentation:
Whioe this is their Expansion Plan outlay from Q2FY24 presentation:
How come this big difference in projections just one quarter apart?
Polycab India ~ Connection Zindagi Ka – W&C, FMEG and EPC Player (09-01-2024)
Same for me – largest position with 5x returns. For me, I would like to wait and see more proof emerge – right now its a single 3 min interview on Zee News by a reporter who quoted his “sources” that got picked up by everyone else. A lot of marque promoters have entered recently and I expect they would have done their due diligence.
In any case it can go one of 2 ways – Lux industries (full pitai) or Hero Motocorp (market has shrugged of the multiple IT raids). Wait and watch till results I would say.
SmallCap Hunter : Trying to find the dark horses with triggers (09-01-2024)
Unfortunately, that is the case with the single-property companies. I would rather prefer Samhi Hotels with 31 properties and ~3600 Cr MCAP
Page industries (09-01-2024)
Why is the stocking collapsing day by day?
Shreeji Translogistics (09-01-2024)
No, I did not pursue that. The stock price has remained stagnant for quite a while now.
Polycab India ~ Connection Zindagi Ka – W&C, FMEG and EPC Player (09-01-2024)
At such point, when promoter is hiding sales from.last 5 years, and if its true, even if to save taxes, then its a huge governance issue and then trusting such management for future is not easy. I purchased this, instead of havells due to high growth and growth-hungry promoters. But if they are unethical, then what decision to take? Today its down by 9% , but I dont want to take decision in haste and not without verifying these claims. What should be the correct strategy? This is my highest weightage bet as well as highest profitable bet.
Avanti Feeds (09-01-2024)
I have Gone through Many Article and thread To Understand Better Shrimp Industries
Here is My Take
Feed and Shrimp Processing Industries: India
“What Went Wrong in the Feed Processing and Shrimp Industries”
The world’s two major shrimp exporters—Ecuador and India
Increase in the capacity of Ecuador leads to oversupply and spiralling prices impacted Indian Shrimp Industry Badly Below chart shows how last 2-3 Years export of India Compared to Ecuador
How They able to Do This
Ecuador’s farmers have been increasing their output by using post-larvae that are tolerant to disease and grow increasingly fast; by using nursery ponds to shorten production cycles; by adding aeration systems and auto feeders to their grow-out ponds, which enable higher stocking densities
Ecuador supply at $7.42/kg where India Supply at $9.1/kg which leads to decrease the market share of India from 43% to 36% in 2-3 Years now again back to 36% in US
Ecuador has a lower cost of production of processed shrimp as processors there are large vertically integrated companies. Additionally, they have become the biggest producer of shrimp in past 2 years (from production of 600 mn to 1.5bn now).
Ecuador focuses on commodity products like headless shell on or head on, shell on shrimp
Raw Material Cost Increased for fishmeal, soyabean, wheat impacted the overall Indian shrimp Industries
Market expansion
Nearly 75% of China was made up of Ecuador shrimp market but covid restriction led to Aggressively focus product in US Market proximity to US coast reduced the Shipment transit time, faciliting Ecuador to dump its product in US Market leads to stiff competition to India where Shipment from India to US it takes Nearly 40 Days leads Further increase in fright and landing cost
What’s Happening Now
· Most of the Indian company under CAPEX and may commissioning of new plant will yield good topline growth and better ROCE
· US shrimp import market has seen improvement in past 3 months after 13 consecutive months of YOY decrease. However, realizations are lower by 10-15%
· In Indonesia and Ecuador, there might even be Antidumping Duty by US Countervailing Duty
· Company To Watch out: Avanti Feeds, Sharat Industries, Apex Frozen, Coastal Corporation
· Avanti a Market Leader Needs to closely monitor, company at bottom price, cyclical benefit may play out ,the PE at Lowest as compared to Mean PE of 5 Years
Prince Pipes & Fittings Ltd (09-01-2024)
My Take
Company has been in consolidation for nearly 2 years and Above, But Why?
Company deals into pipe fitting products and Raw material such as PVC price were going through Volatility and Destocking result in Collapse of margin badly At The same time housing crises in China, Europe & us led dumping in India
One thing to Notice company OPM% For last 10Y average remains above 12% and this year reported 9% which is Outlier
Recent Q2FY24 Showed up Good numbers where OPM% Touched 13%
Greenfield Expansion in Bihar of About 35000 MT will be commercialized Q4FY25 with Nearly 150 Cr Capex and Current Capacity is around 328500 MT and De Bottlenecking may increase 20-30K MT So we can expect Touching 385000 MT Q1FY26
Currently Operating at 50-55% Utilization and Now Real-estate Performance, Jal Jeevan Mission will support the Growth Story of This Segment
Telangana Also at 40% Utilization and which likely to Improve based on Demand going Forward
CPVC where Company Accounts 10% Market share and now remains to be more Focused area due to Lubrizol Tie-up
At the Same time Company entered in Bath ware, Sanitary may further strengthen the Margin of the company
Key Trigger: Product Mix, CPVC Contribution, Operating Leverage & Volume Growth would be main Driver for the Company
Dis: No Buy/Sell Pure Learning