Q2FY24 Topline and bottomline continues to be understress. 110Cr versus 199Cr YoY topline, -13CrLoss Vs 18Cr Profit YoY. Seems Pain will continue for another 1-2 quarters unless things pick up. Bracing for impact on Price next week.
Posts tagged Value Pickr
Rain Industries – An oversold de-leveraging play (27-10-2023)
12…25% is pretty high. I hope they have a plan to pay down this debt…
E2E Networks Ltd – Listed small Cloud computing player (27-10-2023)
India’s Top Cloud GPU Providers for AI / ML .
Eco Recycling Limited (Ecoreco (27-10-2023)
I had to logout of the call 30 mins in, they did mention the opportunity for bty recycling and when will they start that?
Praveg Ltd: Play on Indian Tourism Industry! (27-10-2023)
this transaction is bogus guys…Eulogia Inn revenue – INR 0?..Praveg newtworth – 139 cr…? thats it ? 1200 Cr market cap and you are exchanging valuation at 139 cr ?
Purely bad corp governance
Kernex: TCAS led multi year growth story (27-10-2023)
The timeline for implementation of the existing order as per the information available is as below:
Eco Recycling Limited (Ecoreco (27-10-2023)
Attended the concall but missed a few minutes intermittently due to work calls.
Concall brief-
-Industry growth 27% CAGR. Company likely to cross the industry growth rate and grow at a faster pace.
-Margins will be maintained.
-5 new clients signed. Mix of smartphone and computer/laptop waste. Not disclosed for confidentiality sake. Agreements ranging from one year to 3 years. No clause of extension in the agreements.
-EPR certificates will be a game changer for the company.
-Company is choosing only those products where there is not much competition.
-Current capacity 7200 MTA.
New capacity being set-up 18,000 MTA.
-Capex 45 Cr from internal accruals.
-Will achieve full capacity utilisation next year.
Competition – Yes, there is but market size is huge so all competition can co exist. List of competition available on CPCB website.
Org and unorganised mkt. 4mn MT market size. Govt tgt 2mn MT this year. 5mn next year.
40-50% will remain informal sector.
We are focusing on corporates only.
Revenue distr-
Metal
Plastic
Glass
Refurbished eqpt.
Li ion bty recycling licence obtained.
Earlier all bty were being exported to Korea now they will be recycled here as govt wants it to be fine within India and Li so recycled can be used in batteries in India. No plans for car battery recycling as of now. (Makes sense as there’s still time when they come up for recycling in terms of scale).
Kernex: TCAS led multi year growth story (27-10-2023)
As per the latest information in company’s website the total order book is ~Rs.536 crore.
1.PROJECT 1 – NCR-A
Design, Supply, Installation & Commissioning of onboard KAVACH (TCAS) equipment’s in Locomotives & Trackside KAVACH(TCAS) equipment at Station/LC/IBH locations along with entire section 2X24 optic fibre cable backbone, RadioTowers, and associated works. The project to be implemented between ChipyanaBuzurg CPYZ(Excl)-Kanpur CNB(Excl) stations (408.750 KM). The scope of works covers the Supply, Installation and Commissioning of KAVACH(TCAS) in 48 stations and 139 Locomotives. The total value of the contract is 255.22 Cr
2.PROJECT 2 – NCR B
Design, Supply, Installation & Commissioning of onboard KAVACH (TCAS) equipment’s in Locomotives & Trackside KAVACH(TCAS) equipment at Station/LC/IBH locations along with entire section 2X24 optic fibre cable backbone, Radio Towers, and associated works. The project to be implemented between Kanpur CNB(Incl) – Pt Deen Dayal Upadyay DDU(Excl) stations (342.47 KM). The scope of works covers the Supply, Installation and Commissioning of KAVACH(TCAS) in 51 stations and in 158 Locomotives. The total value of the contract is 254.86 Cr
3.PROJECT 3 – TRAIN COLLISION AVOIDANCE SYSTEM (TCAS) FOR FURNISHING DIVISION,INTEGRAL COACH FACTORY(CHENNAI)
Supply, Installation & Commissioning of onboard TCAS equipments in Vande Bharat Express EMUS (Semi high speed electric multiple unit train ) for ICF. The total value of the contract is Rs. 26.84 Cr
Rain Industries – An oversold de-leveraging play (27-10-2023)
Some of the debt was refinanced in August 2023. They issued $450m of bonds at 12.25%, rating from Moody’s is B3/B-. https://www.moodys.com/credit-ratings/Rain-Carbon-Inc-credit-rating-825478638?lang=en&cy=asia
Maruti Suzuki – Leader in Passenger Vehicles (27-10-2023)
Not sure if people in Mini/compact is upgrading to SUVs. Income gap is huge. I think spending in mid-lower segment is going down. So i was looking from an angle of consumption going down in these segments, if so, will also affect other industries like FMCGs/Textile, etc.
Anyway will look forward Q3 numbers (post festive) to see the trend.
Pls correct me if my analysis is wrong!
Model wise sales breakup will give a better pic i think