Posts tagged All News
Devangshu Datta: Get set for a protracted bear market (06-09-2015)
Fiscal time bomb (06-09-2015)
Collective challenges (06-09-2015)
Omkar Speciality Chemcials Ltd — OSCL (06-09-2015)
- Omkar had borrowings of Rs 223 crore as at 31/03/2015 on consolidated basis. Finance cost on gross basis was Rs 22.65 crore for FY2015. After capitalising Rs 8.17 crore of interest, net charge towards finance cost Rs 14.48 crore.
- Net fixed assets deployed/under deployment of 271 crore include CWIP of Rs 121 crore as the company is expanding its capacity in Chiplun and Lasa unit. However, their present level of revenues at Rs 263 crore in relation to that is small; Not sure what level of revenues is targeted by the company when commercial production is achieved.
- Iodine derivative segment, which is among major portfolio of the Company, the prices of iodine based raw material continued to fall & consequently the Company suffered on topline growth as per own admission of the management. Even though the production volumes of iodine derivatives grew by 16-17%, it didn't result in topline growth.
- Company is working on Working capital cycle that has improved to 143 days compared to 203 in FY 2014 but remains to be seen if they can bring greater efficiency. Shorter debtor cycle in export segment might be of help.
- Though they are capitalizing interest and maintaining operating margins of 19% or so, I don't see the ROCE meaningfully expanding from here.
I don't closely track Omkar but as it appears from its financials & trend, a setback on business front or inability of the company to commensurately increase the revenues due to internal or external factors can adversely affect it's operational performance, given the finance cost and other fixed costs.
In present environment when iodine prices are soft and commodities highly uncertain to call, any setback can severely test company's resilience to financially withstand a downturn. Investors need to be cautious.
Discl - Not invested.
AMFI to tweak MF ranking process, cut expense ratio (06-09-2015)
Living on $2 a day in America (06-09-2015)
A new era begins for commodity exchanges (06-09-2015)
Watch for the China factor (06-09-2015)
Orbit exports (06-09-2015)
Hi @sunilsurana, the company issued bonus shares in ratio of 1:2 in July 2012 which is the main reason for increase in company's equity base. The company has also issued fully convertible warrants to the promoters, but the % dilution due to these warrants is very small (3-5%).
Stock Anaysis Tool (06-09-2015)
hi
I had developed this tool for my stock selection, just wanted Value Pickers members to advise,
would be looking forward to advice from experienced members
the explanations are
P= means that it has passed the test, like Amara Raja company started by Promoter.so it is P in that columnsanalysis-sheet060915.xlsx (14.1 KB)
F means it fails that test like, Kaveri seeds is F in cyclical columns as it is a company whose performance is cyclical.
The idea is more P means there are more chances of that company giving good returns in the long term.
will eagerly wait for suggestions of experienced members as I am very new to stock investing and have just started
the companies appearing are either where I have invested or I am closely monitoring