Management had mentioned major destocking happening in Q1FY24 and this might be the spill over into Q2FY24. Need to wait for management commentary on this.
Posts tagged Value Pickr
Natco Pharma: Focusing On Complex Products (07-11-2023)
I dedicated some time of my work life on FDA compliance. Generally FDA gives the observations to company first & later it is uploaded. In all faireness no company gives details of observations. They just mention # of observations which Natco has already done that.
Coming to observations, couple of observations looks serious. But it all depends on how good is their response to these observations. My personal view is that this will be an overhang for sometime and restrict its upside for sometime.
Sumedha Fiscal- A hidden gem? (07-11-2023)
Taken a small position just by because it’s price is below it’s book value and the dividend is good.
Hitesh portfolio (07-11-2023)
Hello Sir I’ve heard a lot about you.
I am a med student doing internship at Nair hospital Mumbai.
But since last 2 and a half years I am involved much more in investing and how to manage money.
I want to ask you sir how do you go about analysing a company, and as warren buffet said you should invest in business that you understand so I think that will be Pharma sector for me. So how would you go about analysing a Pharma company. How would you analyse a sector as well and their future prospects.
Others views re also welcomed.
Neuland Laboratories Limited – Transformation towards niche APIs? (07-11-2023)
https://x.com/vivekchadha1996/status/1721820705304777146?s=46
All time high revenue and margins, double the number p2 projects
Neuland Laboratories Limited – Transformation towards niche APIs? (07-11-2023)
c269f21b-fa18-4761-9130-ffc4d1a00fa6.pdf (1.3 MB)
Neuland Q2 results are good.
Macfos Limited- A niche E-commerce Company (07-11-2023)
In the question-answer session, the company has guided 40-50% revenue growth with 8-10% Net profit margin. On this guidance, the company is likely to do 120 crores topline with almost 10 crores net profit, in the current year.
the company sounds confident about maintaining this growth rate going into the next 4-5 years, with a sustained margin. Sounds fantastic.
Macfos-Investor Presentation.pdf (521.4 KB)
Maharashtra seamless-a value plus cyclical play (07-11-2023)
My notes from the recent concall:
Telangana unit commenced aug 2024
1300 cr investment, gross debt done, core operations and shareholder reward only to be used
Morgan stanley domestic india fund co has added
ICD- realise all of them by march 24= 78 crs march 23, 43 crs today
Liquid investment as increased by 25% in last 6 months
Corporate guarantee reduction on schedule, legacy guarantee to be done by sept 2024
Oil sector contributed significantly
87% of ebitda is seamless
orderbook – 1468 crs, 325 crs confirmed but only in pipeline due to purchase order issuance pending dealer export and upstream segment,
Trend of ebitda per tonne 27495 rs, strong execution of order book, oil sector contri significantly, margins to remain good as seamless market is strong and co is well poised. Margins are expected as of now to remain good
Uscpl amalgamated with co, do not provide individual numbers
Iocl order- 2 orders in sept of 23, oil india and iocl, 100-125 crs each, expect to get it done by q3
Share of export has not gone up
Min 5% sales growth fy24 was guided previously, seamless and erw combined will attain the same
Production loss in Q1 due to amalgamation
Interested in JV of someone, trials are ongoing with company
Capex? Down the line in next year
Win rate for ioc and oil= 50%+ business from them, and execution timeline FY25
25% steady tax
Exports are to revive from niv
Dispatches are inc 20%, 90k seamlessQ1, 106k Q2 Q3 more than q2
350 cr hot mill capex pending, 500 crs capex in the next 1 year
Rumour of US market opening up and tariff going down? Open to US market and 6 months ago also exported to north america can cope up, certainly opening up
Domestic market also goes up when US market is higher
Ongv 3500, oil india 500-700 cr to spend in FY25 on pipe procurement= 4200= 50% win rate 2100 crs
Disclosure: studying, not invested yet
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (07-11-2023)
Looks like a total of 70,000 shares are traded yesterday and today through block deals, no price action again.