Please note that company’s operations have been disrupted to some extent owing to the Chennai floods~
Posts tagged Value Pickr
Praj Industries (08-12-2023)
The game remains the same. the goal remains the same.
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (08-12-2023)
Rain Industries – An oversold de-leveraging play (08-12-2023)
Another selling from Pabrai Investment.
This sale has reduced their investment from 8% to 6%
Source : Notification from Rain industries today
Amara Raja Energy & Mobility Limited: Powering Ahead (08-12-2023)
This looks like more of a storage / assembly unit . No manufacturing ?
Praveen’s portfolio (Coffee Can) (08-12-2023)
Yes that’s right, large cap stocks can be good buys. You can see some on my list. ~15% is in large cap, a lot of large caps are on my shortlist, however they are overvalued IMO.
PayTM (One 97 Communications Ltd) (08-12-2023)
However, the counterargument suggests that banks and NBFCs are clients rather than direct competitors. The niche business model assists banks and NBFCs in identifying creditworthy customers. While the management could aggressively acquire customers in the low-ticket loan segment, they refrained from doing so due to concerns about the potential long-term impact on their asset quality. This decision itself indicates that the management is on the correct path.Furthermore, the take rate is higher in large-ticket size loans compared to postpaid types. From a long-term perspective, the minimal impact on revenue is a result of this decision.
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (08-12-2023)
The overall SY23-24 estimate (from Triveni, Dhampur Bio latest conf calls) seems to be ~29 million tons country-wide sugar production (+ 4M diverted to ethanol, off the table now), assuming ~85-90 lakh tons from Maharashtra. But these are early days and maybe based on ISMA estimates which tend to be exaggerated towards over-production.
Even assuming 50% MH production decline, (now cancelled) exports & cane juice diversion for ethanol provide buffer for enough sugar.
But ethanol sales money is realized by mills within 15 days while sugar has a much longer working capital cycle, and hence could delay mills’ payments to farmers which is a bigger avoid for the govt in election season. It’s in the govt’s interest to “allow” a higher sugar price.
Will be a learning experience to watch this sugar year unfold.
Bought Triveni, Dhampur Bio recently, holding Uttam (after selling ~50%).
CFF Fluid Control Limited – SME (08-12-2023)
Well, the company performed better in September 2023 results than MArch 2023 half yearly and Sep 2022 half yearly results.
The current order book is 113 cr.
Sep 2023 sales – 59 cr
Even if we consider same sales in March 2023 half yearly, i.e., 59cr
Then total sales for FY 2023-24 (Assumption) = 59 *2 = 118 cr
Last year sale FY 2022-23 = 71 cr
Growth (Expected ) = Approx 40%
Praj Industries (08-12-2023)
Positive article in mint.
Discl.: Invested