Hi!
I am an investing rookie, looking to meet like-minded enthusiasts to learn and grow together. This platform has helped me a lot during my investing journey and I would love to leverage this network in the US. I am currently in Boston, MA, and have been investing in the Indian stock market for 2 years. Any ValuePickrs on the eastern shore, I would love to meet and discuss stocks, obviously with food. Please reply on this thread or kindly reach out, would love to connect.
Posts tagged Value Pickr
ValuePickr USA @ Eastern Time Zone (07-11-2023)
Surat Equity Group (07-11-2023)
yeah lets do it. I m in
Krishca Ltd : A SME offering steel strapping Solution (07-11-2023)
Got reply from management.
10 crores in current assets is advance given for new production line.
planning for concall soon ( not sure about that)
Man Infraconstruction Limited – From Ports & Civil Infra to Real Estate Development (07-11-2023)
Man Infraconstruction Limited (MICL) released a press release on November 6, 2023, regarding its un-audited financial results for the quarter and half year ending on September 30, 2023. The letter was addressed to the Listing Department of the National Stock Exchange of India Limited and the Corporate Relationship Department of BSE Limited, with details of the company’s performance and developments. Here is a detailed summary of the key points in the press release:
- Company Information: Man Infraconstruction Limited is a leading construction company and real estate development pioneer headquartered in Mumbai, India. They are publicly traded with the symbol “MANINFRA” on the National Stock Exchange and the scrip code “533169” on BSE Limited.
- Financial Highlights for Q2FY24 and H1FY24:
- MICL launched a prestigious residential tower called ‘Aaradhya Avaan’ in Tardeo, Mumbai, with a carpet area of approximately 6.5 lakh sq. ft.
- The company added approximately 21 lakh sq. ft. of carpet area to its real estate portfolio in Mumbai during H1FY24, with an estimated revenue potential of around Rs. 5,200 crore.
- MICL expanded its equity stake in ‘Atmosphere Realty Private Limited’ (ARPL) from 17.5% to 30% with a cash consideration of Rs. 12.5 crore.
- The company received an In-Principle Approval (IOD) for a gated community project in Ghatkopar East, Mumbai.
- MICL secured a significant EPC order worth Rs. 680 crore (inclusive of GST) from BMCT (PSA Group) for pavement work at the Fourth Container Terminal of JNPT.
- Consolidated Financials:
- Revenue from operations for H1FY24 was Rs. 725 crore, compared to Rs. 753 crore in the previous year.
- Total income for H1FY24 remained steady at Rs. 767 crore, compared to Rs. 774 crore in the previous year.
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for H1FY24 increased by 8% YoY to Rs. 174 crore.
- Net profit for H1FY24 saw a significant increase of 65% YoY, reaching Rs. 152 crore.
- Financial Highlights for Q2FY24:
- Q2FY24 reported operating revenue of Rs. 215 crore, compared to Rs. 401 crore in the previous year.
- Q2FY24 total income was Rs. 243 crore, compared to Rs. 414 crore in the previous year.
- Q2FY24 EBITDA was Rs. 65 crore, compared to Rs. 94 crore in the previous year.
- Q2FY24 net profit increased by 31% YoY to Rs. 70 crore.
Surat Equity Group (07-11-2023)
I would be interested, based out of Bharuch/Hazira
UPL Ltd – global agrochemical company (07-11-2023)
Increased debt by over 9000cr this quarter… not a great sign for a highly indebted company with commodity price headwinds. Sold position.
ValuePickr USA @Missouri – Central Time Zone (07-11-2023)
Based in Houston – happy to connect
SmallCap Hunter : Trying to find the dark horses with triggers (07-11-2023)
Bharat Bijlee also in Transformers and Industrial motors industry with low PE comparing with peers
Krishca Ltd : A SME offering steel strapping Solution (07-11-2023)
Results were not reported for last year H1. Last year results are for the full year 2022-23, which was 72 crores of sales. Let’s assume that last year H1 sales were half of 72 crore which comes out to be 36 crores.
Now the situation looks like this:
Sales increased from 36 to 48 crores(33% growth)
In the cash flow statement inventory increased by 3 crores and trade receivables by 7 crores. The cash position in balance sheet is so thin that it appears that the business is facing cash flow problems.
However company is in high growth phase and also doin capex accordingly. They are guiding for 35-40% growth and the numbers are also supporting this guidance. In such cases it’s quite normal to face increase in inventories and receivables which is in line with the sales growth.
Company has raised fresh capital of 16 crores in IPO. The other current asset column in balance sheet shows an amount of 10 crores. There are no details available. It can be some cash equivalent or marketable security which will enhance their cash position. We need to find out.
In such a small company in early phases of growth the important factor is scalability, which the company appears to be on track. Rest of the numbers can improve going forward.
Disclosure: invested.
Force Motors – racing ahead! (07-11-2023)
Monthly sales number for Oct have fallen which is line with past trends.
Oct 2021 : 1738
OCt 22: 2188
OCt 2023 : 2254
Monthly performance was better then last year but more was expected from the Company.