Cosmos would now manufacture capacitor film along with metallisation. Wont this mean that it would be a competitor for Xpro in film segment?
Posts tagged Value Pickr
Cupid Ltd – Helping the world play safe! (22-10-2023)
I looked at the Screener and BSE, saw that the Promoter & Director Om Garg sold all his holding and also Veena Garg also reduced her shareholding and sold around 178cr in offmarket This seems to be some murky. Anyone observed something similar.
MapMyIndia – The Map Company (22-10-2023)
I was able to find the article for everyone and the same is copy pasted below:
A Mark Mobius-backed company’s stock has doubled in about six months as its mapping service grows more popular in India, pitting it against Alphabet Inc.’s Google Maps. Market watchers are split on whether the rally will continue.
Shares of MapmyIndia, formally known as [CE Info Systems Ltd], have risen about 104% from the end of March, adding around $675 million in market value on demand for its consumer-facing app [Mappls]. Some analysts and investors are betting on the company’s domestic growth opportunity, while others view its price tag as a barrier.
“The valuations look really stretched now,” said Piyush Pandey, technology analyst at Yes Securities India Ltd. “I expect the stock to go into a consolidation phase.”
MapmyIndia was founded by the husband-and-wife duo Rakesh and Rashmi Verma, who decided to create digital maps of India long before Google revolutionized web cartography. The Vermas traversed India’s mega-cities by foot, painstakingly charting streets and landmarks. Their son Rohan Verma, a graduate in electrical engineering from Stanford, is now the firm’s chief executive officer.
Read: Husband-and-Wife Team Worth $586 Million After Map Startup’s IPO
The majority of its revenue comes from providing mapping services to other businesses such as Apple Inc., BMW AG and Amazon.com Inc.
Mobius flagged the stock as one of his top picks in India in a June interview to Bloomberg, saying the company will “benefit from digitization of the country.” His firm Mobius Capital Partners LLP owns a 0.74% stake in the company, according to data compiled by Bloomberg. It initially invested in January and boosted its holding over the following four months.
After their surge, the shares trade about 65 times its estimated earnings over the next 12 months compared to around 21 times for the [S&P BSE 500 Index], according to Bloomberg-compiled data. The stock has pulled back 8.5% from an Oct. 6 record high.
Still, Shobit Singhal, lead internet stocks analyst at Anand Rathi Institutional Broking Ltd., remains optimistic. He expects the company to grow its sales by 35%-40% every year for at least the next 3-5 years.
“The business has no listed peers in such a big domestic market,” he said. “Such growth combined with a management with strong pedigree deserves a premium valuation,” he said.
The company is investing in in-house drone technologies and is also looking to acquire drone businesses, CEO Rohan Verma said in a phone interview. MapmyIndia is also expanding internationally on demand from their clients, most of which are multinationals.
“We want to be a full-stack drones provider,” he said. “We have the technological know-how of navigation, now its time to widen its use cases.”
— With assistance by Abhishek Vishnoi
MapMyIndia – The Map Company (22-10-2023)
I just found a fantastic article on the company.
Thought of Sharing.
Disclosure : Invested
Dreamfolks services limited( DFS) (22-10-2023)
I too invested some amount considering this data and the indication by management that OPM was down in Q1 due to “one time costs”
If this proves to be a better quarter and management shows strong guidance, I will double the amount.
Xpro India – getting bigger? (22-10-2023)
the value chain is:
- Creating biax film from pp
- Metallizing Said film
- Creating capacitor from metalized films
Xpro is in #1, cosmo in #2, most clients of xpro are in #2+#3
this is forward integration for xpro.
Reason why xpro doesnt do metalizing is coz its a main value addition for its clients (capacitor makers like tdk, globe deki) but players like cosmo getting into metallizing will only help xpro (in case clients dont want to do metallizing now they have a way to source metallized films from cosmo)
Disclaimer: invested in xpro, biased
Dreamfolks services limited( DFS) (22-10-2023)
Air passenger traffic continue to remains strong for Q2. Below is the data taken from Airport authority of India for the 2 months of Q2 which shows more than 20% growth in both domestic and international passengers. ( I have not taken September month data as they seem to have have uploaded the same July month data for September as well. Some reports do indicate that September domestic air passengers no grew by 19% yoy.)
| Passenegers (in millions) | 2 MONTHS OF Q2FY24 | 2 MONTHS OF Q2FY23 | Growth% |
|---|---|---|---|
| International | 11.36 | 9.27 | 22.5 |
| Domestic | 49.17 | 39.35 | 25.0 |
| Total | 60.53 | 48.62 | 24.5 |
Q2 results scheduled on 25th. Key thing to watch will be op margin trend which was down in Q1 and likely to remain under pressure.
Discl: currently holding tracking quantity.
Xpro India – getting bigger? (22-10-2023)
“Cosmo First” starts the commercial manufacturing of the “Metallized Film for Capacitors”. Not sure how these metallized films are different from the dielectric film manufactured by Xpro?
Below is what I could find about “Metallized Film Capacitors”.by doing simple Google search:
Metallized film capacitors are a type of film capacitor that uses a layer of metal deposited on a plastic film to form an internal electrode. The metal layer is much thinner than metal foil, so the volume after winding is also much smaller.
The biggest advantage of metalized film capacitors is their “self-healing”. Weak electrical defects are destroyed by an electrical arc that extinguishes when enough metal of the electrodes is vaporized.
Different types of metallized plastic film capacitors have different properties and are suited to slightly different applications. The values of metallized plastic film capacitors may range anywhere from several picofarads to a few microfarads. They are normally non-polar.
The Anup Engineering Ltd – Can it scale up? (22-10-2023)
Anup engineering update(from credit rating 2023 and concall and investor presentation)
ANUP ENG
1…Performance(2020-2023)
Revenue growth@18% cagr
Operating growth@6% cagr
Pat@14% cagr
2…Future growth
A…Kheda plant
=Phase 1
…Anup has developed and implemented the first Phase – I (comprises of 2 bay) of the projects, with an aggregate cost of around ₹120 crore
…1st dispatch from Kheda plant is expected in Q2 FY24.
=Phase 2 and phase 3
…The company plans to develop and implement Phase – II & III of the project comprises of another 6 bays with an investment outlay of around Rs.150 crore. As informed by the management, Phase-II and phase-III of the project is expected
to be commissioned by June 2024 and September 2025 respectivel
=Capacity constraint at its existing manufacturing facility (inability to handle equipment with weight more than 200 tons) ha d restricted its
scale of operations in the past. However, with commencement of new manufacturing facility at Kheda, near Ahmedabad, Anup expects to grow its scale of operation as it can now handle large size equipment and export orders more efficiently.
B…Order books
=Strong order book of ₹658 crore as on May 31, 2023, which is at all-time high for the company.
3…Quality
=The products of Anup are approved by all the major third-party inspection agencies and consultants like Engineers India Ltd. (EIL), Jacob H&G Ltd., ThyssenKrupp Industrial Solutions (India) Private Limited, Project Development India Ltd. etc.
=Further, Anup has also acquired “U”, “U2”, “S” & “R” stamp
authorization certifications issued by American Society of Mechanical Engineers (ASME) to penetrate export market (ASME product
certification mark complies with the laws and regulations of nearly 100 countries as a means of meeting their government safety
regulations).
4…Healthy profitability and return indicators:
= During FY23, Anup’s PBILDT margin declined by 415 bps on a y-o-y basis to 20.42% which has remained largely on the envisaged level. The decline in margin during FY23 was largely on account of elevated commodity prices which witnessed quick and sharp volatility during the year.
=However, with stabilization of commodity prices along with growth in scale of operation, the PBILDT margin is expected to improve to around 21-22% during FY24-FY26.
=Anup also has strict control over its overheads coupled with efficient management of order book and product mix. Moreover, Anup’s
technical expertise and specialized products like ‘Helixchanger’ and ‘Embaffle Heat Exchangers’ offer significant benefits over
conventional heat exchangers which is expected to support its profitability.
=Anup’s return on capital employed i.e., ROCE stood healthy at around 16.29% during FY23 (around 16.67% during FY22). ROCE is expected to remain healthy in the range of 17-
19% for FY24-FY26.
5…Anup receives interest free advances from its customers which keeps Anup’s external fund -based borrowing requirement low.
6…Market Focus:
=The company is focusing on consolidating its position in the market for centrifuge products.
=The company is exploring the possibility of entering the air cooled heat exchanger market.
7…Customer Acquisition:
=The company has gained three new customers: Graham, Indorama, and ITT.
8…Replacement market
Good replacement market as the average age of the company’s equipment is 15-25 years.
9…Future Growth:
=The company expects to maintain a growth rate of 25-30% for the next three years
Disc…invested