IIFL securities have come out with excellent numbers for Q2 FY24. The entire Wealth Management sector is witnessing tremendous growth as seen in results of Anand Rathi and other broking/wealth companies. IIFL Sec is perhaps the most undervalued stock in the wealth space
Posts tagged Value Pickr
SmallCap Hunter : Trying to find the dark horses with triggers (23-10-2023)
IIFL securities have come out with excellent numbers for Q2 FY24. The entire Wealth Management sector is witnessing tremendous growth as seen in results of Anand Rathi and other broking/wealth companies. IIFL Sec is perhaps the most undervalued stock in the wealth space
Kotak Mahindra Bank – Low Cost Liability Banking Franchise (23-10-2023)
BVPS q2fy23/24 = 519/605 gwt=16.6%
Price/book (21/Oct/23) = 2.9x
Advances q2fy23/24 = 2,94,023/3.48,284 gwt=18%
GNPA = 1.72%
NNPA = 0.37%
The stock is trading at multi-year low price to book value.
Disclosure – Invested.
Companies with 20%+ growth guidance for next few years (23-10-2023)
linc pen . topline guidance of 600 and 750 cr. in fy24 and fy25 from 487 cr. for fy23. which is almost 24% cagr for two year with ebitda margin of 15%.
SmallCap Hunter : Trying to find the dark horses with triggers (23-10-2023)
@avneesh @ajayt001 @StonePitbull @Nickp @ChaitanyaC @jitenp @vikas_sinha
What are the news on smallcap space ?
Since last 2 session small/micap space seem to be taking considerable beating (about 5%)
Can it be right time to try catching falling stars ( instead of catching everything which is falling) ?
Cupid Ltd – Helping the world play safe! (23-10-2023)
First concrete statement from Aditya Halwasiya: …”As the segment and business grows we will plan for capacity expansion at Cupid Ltd with a strategic and long term view.”…
https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7e70097-30c9-4b39-98f1-41499b229bf2.pdf
Earlier when the takeover was announced the press release had said “…I believe that the Indian consumption growth story is playing out before our eyes, and the next decade belongs to BHARAT. Cupid fits in perfectly into this Bharat growth story with its innovative line of products to cater to our relatively young population, which is getting more conscious and vocal about their sexual health, safety, and wellness”.
Most likely a retail foray into the domestic market is on the cards.
Screener.in: The destination for Intelligent Screening & Reporting in India (23-10-2023)
Hi team,
The results of NPST have not been added. The results were declared on 20th Oct. Please check.
Sula vineyards – pioneers in indian wines (23-10-2023)
FII and DII are showing too much interest in the company.
The company’s PE is good right now.
Ion Exchange (India) Limited (23-10-2023)
Ion exchange update
(From credit rating 2023 and investor presentation)
ION EXCHANGE
FUTURE GROWTH
1…Order book
=The engineering segment had orders worth Rs 3,351 crore as on June 30, 2023, with strong bid pipeline of ~Rs 8,500 crore offers strong revenue visibility
2…Recent acquisition
=Recent acquisition of a Portugal based company MAPRIL (acquisition completed in Q1FY2024 at a total consideration of ~Rs 24 crore, funded from internal accruals), will provide better access to the European market and increase the product offerings in chemical division.
3…Greenfield expansion
=Greenfield expansion in the chemical division for Resins manufacturing in Roha, Maharashtra with an estimated capex outlay of ~Rs 400 crore (to be funded in the debt equity ratio of 4:1), to be phased out in fiscal 2024 and fiscal 2025, the debt tie-up is already in place.
=The company’s ability to commission the Roha project within the budgeted cost and estimated timeframe, stabilize the facilities and ramp up sales post commissioning would be a key monitorable.
4…Market potential
A…Sewage(Municipality)
= Study by the Central Pollution Control Board (CPCB) has revealed that almost72,368 MLD of sewage is generated across urban India and there are just 1,093 STPs installed that treat 31,841 MLD or 44% of sewage per day
B…Industrial
=• In India only 60% of industrial
wastewater is treated.
• Around 40% of the STPs do not conform to the environment protection
C…Nal se jal
=Following the announcement of the
‘Har Ghar Nal se Jal’ scheme on August 15, 2019, it has provided tap water
supply to more than 12 crore rural
households.
= At the time of announcement of the Mission, out of 19.27 crore households in the country
only 3.23 crore (17%) had tap water
connections.
D…SWACHH BHARAT ABHIYAN
=Namami Gange” the clean Ganga
initiative, can create significant
opportunities.
=INR 200 bn (USD 3 bn) has been pledged by the government over the next five yearsto clean up the Ganga.
5…After sale services
=Longstanding presence of the promoters and a robust nationwide aftersales service have helped the group to establish the brand.
Disc…invested since 2020
Investment principal & checklist from great investor (23-10-2023)
Porters five forces
- Threat of new competition
Barrier to entry: Economic is scale, product differentian , capital requirements, switching cost , distribution channel,cost advantage, technology/IP, access to material
2)Threat of substitution
Most vulnerable,price based competition high profits industries
3)Customer bargaining power.
Most powerful customer, concentrated buyers , standardized products,low switching cost ,buyer has full information.
4)Supplier bargaining power
Most powerful supplier ,few alternative,credible threat of forward integration.
5)Competitive rivalry