They have specified the timeline during earnings calls. During Q4, they have mentioned its to be executed over 2 years. Earlier during Q2 call too, they had specified the timeline for various key orders.
Q4 call
They have specified the timeline during earnings calls. During Q4, they have mentioned its to be executed over 2 years. Earlier during Q2 call too, they had specified the timeline for various key orders.
Q4 call
A brief analysis covering performance , order book position… it is not only the order book of shipping stocks, but Defence stocks in general have been under investor radar after Defence Minister Rajnath Singh set a target to generate military exports worth Rs 50,000 crore on an annual basis and vowed to fast-track initiatives under ‘Make in India’ for defence production. Therefore almost all defence stocks
i am new to this thread and planning to start this momentum investing can anyone here help me out how should i go on to screen these stocks and entry-exit mechanism.
The one point that sticks out like a sore thumb in this article:
“Shivkumar plans to retire from business once the company reaches a turnover of Rs. 1000 crore, a goal he hopes to achieve within the next five to six years.”
Current fiscal year revenue stands at 700Cr. That’s basically 40-50% growth in 5 to 6 years? That’s not a good sign. The vision is just not big enough according to me.
The only issue I have with this share is lack of clear understanding between private 100% entity owned by promoter down the value chain and its listed counterpart. Have they given clarity regarding what kind of contract is built between the two? I think all the brands for newly launched products are with private entity. Please correct me if I am wrong
@Prashant_Karandikar Triangle pattern. Investopedia Link
But this is also forming lower lows. So we need to make sure the qtrly nos. are good/ there’s some trigger and confirmed breakout.
The Promoter, Raghavendra Rao, offloaded 7,50,000 shares @Rs 358 today.
How would you say your portfolio has grown compared to lets say nifty 500? Do you keep a track of that?
Management always gives very high order book projections but it doesn’t seem to reflect in the revenues. Did anyone notice this? Below I have copied promoter’s statement from the last conference call.
‘’‘In terms of order inflow and backlogs, we started financial year ‘24 with
an order book of almost Rs 521 Crores and as it peaks, the new orders of Rs 760 Crores in the year till end of March 2024. Our current outstanding order
book stands at approximately Rs 964 Crores, a strong growth of 85% year-on-
year and translates into 3.6x of our Financial Year 2024 revenue.’’’
If they had an order book of 521 crores last year, and still it translates to only 272 Crores of revenue then it doesn’t make sense to make any use of the order book projections. Even if we remove the GST part from the 521 Crores number still a lot of the orders have spilled over to next year taking the order book to 964 Crores.
Now why 964 Crores number is insignificant is because the company hasn’t told us by when these orders need to or will be executed, if these will get executed in 3 years’ time then it doesn’t translate to a significant revenue growth which can lead to P/E re-rating. If someone has any idea by when is the management aiming to execute these orders and by when the customers will be billed and the amount will translate to revenue, it would be very helpful if they could share these details.
EvoLve theme by Theme4Press • Powered by WordPress & Rakesh Jhunjhunwala Latest Stock Market News
The Most Valuable Commodity Is Information!