Whole rerating is due to IMFL and that’s why focused on this category. Wanted to have a sense on incremental supply capacity and present capacity utilization to arrive at revenue for FY24.
Posts tagged Value Pickr
Red Tape Ltd. – The next fashion giant? (11-10-2023)
In your opinion ,which is a better business in the same sector available at cheaper price point ?
Piccadily Agro Industries Ltd (11-10-2023)
The brands you listed above are from IMFL category only. There are 3 categories for the distillery – country liquor, ethanol & malt spirit which currently account for substantial amount of biz.
But yes, its the IMFL with its own brands which is the growth engine with much higher margins. This is also a premiumization strategy – moving from bulk, high volume low margin biz to Brand centric, high margin biz. Going forward, both revenue as well as the margins should increase.
On another note, PAIL is fully backward integrated. Other listed companies do not have full backward integration and are subject to raw material problems such as ENA shortage or price spikes due to ethanol demands from Oil Marketing Companies.
PAIL is also the largest manufacturer and seller of malt spirits in India.
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (11-10-2023)
Update for the quarter –
Permanent Magnets – Business under transformation? (11-10-2023)
If the Quadrant MoU starts contributing 500 Cr revenue will come even sooner
Websol energy system ltd (11-10-2023)
Thank you, Apoorv, for the wonderful analysis so far. For the topline of 700-800 Cr, even if one gives a P/S of 2, this looks lucrative. Do you have any EBITDA benchmarks? Historical operating margins don’t give any reasonable range for any back-of-the-envelope calculations.
Websol energy system ltd (11-10-2023)
We have come a long way from this update
Now we have got a 13 year big multi year breakout above 177 and now we are well and truly on the way to ATH of 423 if the following things happen over next 6 months
- Machine arrival
- Order notification
- Commercial production commencement
- Clarity and Funding for atleast next 600 mw
if these things happen we are in for a minimum 2-3x in next 6 months
this is why. When a company starts doing an ATH production, usually ATH price gets achieved and hence that gut feeling of 6 months
Investing Basics – Feel free to ask the most basic questions (11-10-2023)
I would recommend using the Taxpayer Information Report or Annual Information Report generated by IT-Dept. You can access it by login to IT Efiling website.
It gives a true blue picture and avoids difference with IT Dept collated nos.
Investing Basics – Feel free to ask the most basic questions (11-10-2023)
I would recommend using the Taxpayer Information Report or Annual Information Report generated by IT-Dept. You can access it by login to IT Efiling website.
It gives a true blue picture and avoids difference with IT Dept collated nos.
Red Tape Ltd. – The next fashion giant? (11-10-2023)
From a purely consumer point of view, I can affirm from first-hand experience that Redtape shoes are one of the best available in the market at prices that are affordable to the Indian middle class.
However, from an investment perspective, I see a few main issues with the organized footwear business as a whole.
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First is the lack of customer stickiness and our general obsession with price and discounts over quality. So there is very little pricing power in the hands of manufacturers if any at all.
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Second is the pervasive presence of unorganized players. The FY23 Annual Report of Redtape states that about 85% of the Indian footwear market resides in the hands of these unorganized players and perhaps more importantly the entry barrier is low for new players to enter.
However, this is completely my personal opinion and doesn’t make Redtape a bad investment whatsoever, especially with India slowly migrating towards becoming a middle-income economy. It is only that I feel there are better businesses available and I am open to contrarian views on this point.
Disclosure – Not invested