is it a good stock for sip ?
Posts tagged Value Pickr
Bajaar.me : Create customized screeners (14-07-2024)
@vml any way to use the Market health data to find tops in the market?
Like how we can use the Equity/Bond vs Dividend Yield chart to find bottoms in the market?
Urban enviro waste management (14-07-2024)
Yes. Even I agree with @vikasbargale ji. The Government risk is high. Further, no new exponential growth is expected form this Company since no innovation is expected in garbage collection. Hence, competition is very high for this Company to turnover around fast.
Further, from the fundamentals of this Company, PE and Price to book ratio seems is very high with no visibility about how they will expand business with a unique MOAT. Mere compositing on margin wont create wealth for any investor. Further, no investor presentation and relevant update on further growth by the Management with any unique MOAT.
If want to explore, then explore on environmental related stocks which deals with air pollution, rain crises, water waste management, ewaste recycling, etc. Recently, Maharashtra Gov allotted huge budge for this sector and eventually, all States and Center will have to focus on environmental changes.
Time technoplast (14-07-2024)
Time Technoplast -
Q4 and FY 24 results and concall highlights -
Q4 outcomes -
Sales - 1394 vs 1192 cr, up 17 pc ( volume growth @ 19 pc )
EBITDA - 197 vs 170 cr, up 17 pc
PAT - 94 vs 65 cr, up 45 pc ( due lower interest costs due debt reduction )
FY 24 outcomes -
Sales - 4992 vs 4289 cr, up 16 pc ( volume growth @ 18 pc )
EBITDA - 705 vs 581 cr, up 22 pc ( margins @ 14 vs 13 pc )
PAT - 310 vs 220 cr, up 41 pc
RoCE @ 16.4 pc. Aim to hit 20 pc RoCE in next 2 yrs time
Growth in value added products @ 32 pc vs growth in regular products @ 12 pc in FY 24. Growth in value added products accelerated to 48 pc in Q4
Reduced debt by 117 cr in FY 24. Net Debt ( net of cash ) now stands at 591 cr. Aim to be debt free in next 3 yrs time
Segment wise sales -
Regular products - 3724 cr, up 12 pc
Regular products include - packaging products ( drums, jerry cans ), Auto components, batteries business, PE pipes, urea tanks, composite air tanks, hydraulic tanks
Value added products - 1281 cr, up 32 pc. Value added products now contribute to 25 pc of company’s sales
Value added products include - Composite IBC ( intermediate bulk containers ), composite cylinders for LPG, CNG and MOX films
Guiding for a 10-12 pc growth in regular and 30 pc growth in value added products for next 3 yrs. This should take the total contribution from value added products to 35 pc of company’s sales from 25 pc currently
India : Export business split @ 67:33
Capex for FY 24 stood at 180 cr. Out of this, 110 cr was spent towards value added products and the rest towards brownfield expansion in regular products
Have identified non-core assets of aprox 100 cr to be sold before Mar 25. Funds to be used to fund capex / reduce Debt
Have received approval for their prototype - high pressure composite cylinder to store and transport Hydrogen. Company expects to get manufacturing orders for these in next 2-3 months. Time Technoplast is the first company to get this approval
Future growth triggers for composite cylinders ( that are lighter and can store more gas per unit volume ) include - replacing Automotive metal CNG cylinders with composite cylinders, supplying composite cylinders to new CBG plants that are being put up across the country. All this shall materialise once company expands its current composite cylinder manufacturing capacity
Company expects the interest cost for next FY to fall to 70 cr vs 101 cr for FY 24
Company also makes telecom sector batteries, solar batteries, railway signal batteries, industrial batteries. Company expects to be ready with E-Rikshaw batteries within 6 months
Guiding for a blended volume growth of 15 pc for FY 25 with incremental EBITDA margin expansion
Disc: holding, biased, not SEBI registered
Ranvir’s Portfolio (14-07-2024)
Time Technoplast -
Q4 and FY 24 results and concall highlights -
Q4 outcomes -
Sales - 1394 vs 1192 cr, up 17 pc ( volume growth @ 19 pc )
EBITDA - 197 vs 170 cr, up 17 pc
PAT - 94 vs 65 cr, up 45 pc ( due lower interest costs due debt reduction )
FY 24 outcomes -
Sales - 4992 vs 4289 cr, up 16 pc ( volume growth @ 18 pc )
EBITDA - 705 vs 581 cr, up 22 pc ( margins @ 14 vs 13 pc )
PAT - 310 vs 220 cr, up 41 pc
RoCE @ 16.4 pc. Aim to hit 20 pc RoCE in next 2 yrs time
Growth in value added products @ 32 pc vs growth in regular products @ 12 pc in FY 24. Growth in value added products accelerated to 48 pc in Q4
Reduced debt by 117 cr in FY 24. Net Debt ( net of cash ) now stands at 591 cr. Aim to be debt free in next 3 yrs time
Segment wise sales -
Regular products - 3724 cr, up 12 pc
Regular products include - packaging products ( drums, jerry cans ), Auto components, batteries business, PE pipes, urea tanks, composite air tanks, hydraulic tanks
Value added products - 1281 cr, up 32 pc. Value added products now contribute to 25 pc of company’s sales
Value added products include - Composite IBC ( intermediate bulk containers ), composite cylinders for LPG, CNG and MOX films
Guiding for a 10-12 pc growth in regular and 30 pc growth in value added products for next 3 yrs. This should take the total contribution from value added products to 35 pc of company’s sales from 25 pc currently
India : Export business split @ 67:33
Capex for FY 24 stood at 180 cr. Out of this, 110 cr was spent towards value added products and the rest towards brownfield expansion in regular products
Have identified non-core assets of aprox 100 cr to be sold before Mar 25. Funds to be used to fund capex / reduce Debt
Have received approval for their prototype - high pressure composite cylinder to store and transport Hydrogen. Company expects to get manufacturing orders for these in next 2-3 months. Time Technoplast is the first company to get this approval
Future growth triggers for composite cylinders ( that are lighter and can store more gas per unit volume ) include - replacing Automotive metal CNG cylinders with composite cylinders, supplying composite cylinders to new CBG plants that are being put up across the country. All this shall materialise once company expands its current composite cylinder manufacturing capacity
Company expects the interest cost for next FY to fall to 70 cr vs 101 cr for FY 24
Company also makes telecom sector batteries, solar batteries, railway signal batteries, industrial batteries. Company expects to be ready with E-Rikshaw batteries within 6 months
Guiding for a blended volume growth of 15 pc for FY 25 with incremental EBITDA margin expansion
Disc: holding, biased, not SEBI registered
Great articles to read on the web (14-07-2024)
I am new to this whole field of investment. Please can anybody let me know how to do future valuation of a company; and also is there any website where I can get the information about various industries and leaders in each industry. Thanks.
Smallcap momentum portfolio (14-07-2024)
there are some difference in ranking of stocks
6 month date: 12/01/2024
12month date:14/07/2023
COCHINSHIP
JAIBALAJI
GRSE
HUDCO
ANANDRATHI
POWERINDIA
NBCC
SCHNEIDER
BLUESTARCO
JWL
AEGISLOG
ARE&M
VGUARD
SIGNATURE
GODFRYPHLP
TITAGARH
IRCON
EXIDEIND
SOBHA
APARINDS
can anyone help me with this ? where i am making mistake ?
Apar Industries (14-07-2024)
Thank you all for this insightful thread. Studying this company for sometime now. Need to understand the logic of raising funds to the tune of Rs 1000 crores by diluting equity when :
- Co. has been constantly generating good cash flow from operations year on year
- Co. also has track record of great ROCE which in my opinion means that the company should have used debt if required and pay it off to generate greater returns for their shareholder due to the financial leverage effect.
In my opinion if the sole reason was to meet working capital then it could have been met through debt and it would have been better for the shareholders and if it was to get good set of investors such as mutual funds to boost the confidence of other shareholders then they could have done the same by selling some portion of promoter shareholding to these funds just like Sharda Motors did recently.
Please enlighten.
ValuePickr- Mumbai (14-07-2024)
Hi Manish,
I am interested to join the group. I am based out of in Mumbai. Let me know the procedure to join