Posts tagged All News
Manorama Industries: Creating Wealth from Waste (11-11-2024)
Seems Procurement going to be 1000+ Cr in Near Future
200*5 Subsidiary(Ghana is not mentioned in Notice) + Domestic Procurement
How much of it will be saleable could be the question.
Does anyone has readymade(extracted) data for 500 cr of annual sales how much procurement they did ?
it will give us idea.
Cigniti Technologies – Global Leader in Software Testing (11-11-2024)
Last day for Cigniti open offer tendering tomorrow.
We will know if it’s a success or failures soon.
Then real price discovery starts after that.
Hindalco Q2 Results: Standalone net profit soars 123% YoY to Rs 1,891 crore, beats estimates (11-11-2024)
Hindalco Q2 Results: Profit exceeded the Street estimate of Rs 1,294 crore, with revenue from operations rising 8% YoY to Rs 22,262 crore in the period. Strong profit growth was fueled by solid operational performance in the India business, favourable macro conditions, and effective cost management.
Zinka Logistics eyes on high potential trucking operations but sustainable profitability will be crucial (11-11-2024)
Zinka Logistics Solutions plans to raise Rs 1.115 billion through an IPO. The company provides digital platform solutions to truck operators. While it has shown traction, profitability remains a concern. Investors may wait for sustained profitable growth before investing. The promoter stake will fall to 28% post-IPO.
Macfos Limited- A niche E-commerce Company (11-11-2024)
The receivables have now become almost 68% of the total consolidated revenue (62 crs out of 90 Crs consolidated). This is a big red flag to me. Can someone elucidate why receivables might not be a terrible thing in such a business?
Discl: Tracking for now. Was invested in a short position a while ago.
Solex Energy – Undervalued Solar PV Manufacturer or Microcap Value Trap? (11-11-2024)
Solex has released it’s unaudited financial results today for H1 FY25.
Revenue : 274 cr. (YoY 3x) (HoH flat)
Net Profit : 13 cr. (YoY 13x) (HoH up 50%)
EPS: 15.5 (YoY 15x) (HoH up 50%)
Extrapolating these figures according to management’s 800 cr revenue guidance for full FY25, Netprofit can come out to be 40cr if margins remain same.
At today’s mcap of around 1800 cr. the FY25 PE comes out at 45
But since the incremental revenue of H2-FY25 will be coming from new ~800MW TOPCon module line (operational Q4-FY25), better margins are definately possible.
This coupled with the possibility of another 100% revenue growth next year should mean good upside for the scrip.
Despite this, it must be taken into account the effect of Trump slowing down renewable energy projects in the US. If Solex’s (or any other Indian PV manufacturer) upcoming module capacities are to be fully utilized (that too at good margins), the export market to US is very important to monitor.
Shriram Mutual Fund to launch industry-first multi sector rotation fund (11-11-2024)
Fund aims to invest in 3-6 sectors likely to outperform