what is the order flow - defence is ok. but are they getting continous order flows. Anyone who can provide the details??
Posts tagged Value Pickr
Jenburkt Pharma – Analysis Report (19-11-2015)
how can we get data for last ten years.. could you please share the website
Capital First – 72% Held by Warburg Pincus (19-11-2015)
thanks nikhil and dhaval..
Sterlite Technologies | Digital India play (19-11-2015)
@sivakkri I remember the CFO mentioning in one of the con calls that raw material fluctuations are generally passed through to their clients. So, not sure of this.
@Surender The worry about power business being nurtured by the telecom business is very difficult to verify. If for a second, you put yourself in the shoes of the promoter and ask where would you like to bet on for the next 3-4 years? If feel it should be in telecom business where they can create huge market cap. This would not be possible if an annuity kind of front ended cash guzzling business is saddled on the EPS driven telecom business. For me, the key question is "Can the telecom business grow multiple fold in a profitable way?" and not "Is the promoter underestimating the value of power business and later profit from it?"
Vijay
Power Mech Projects – Not a typical Power Infra Company (19-11-2015)
Discl: Sold Power Mech (PM) today.
Reason - Selling PM is not a change of view on PM or not because I am not convinced about PM. It is just because I further added to present holdings of both Ajanta (as a core long term holding I found Ajanta giving good entry points at these level) and Indian Terrain (post results I think Indian Terrain has become more attractive).
Virat Crane Industries Limited (VCIL) – sure shot multibagger (19-11-2015)
Good discussion , this looks to be good story so far. but in their cash flow statement, Cash from operations is quite low when compared to their profit. What could be the reason, don't see any major spike in their debtors as well. Am I missing something here ?
Virat Industries Ltd – Sock Stock (19-11-2015)
It's important to understand what the company wants to do on the domestic market front. How are they going about creating distribution. Where are they planning to sell, and their budgeted spends on marketing etc.
If we are able to talk to someone in Bonjour/Mustang/Renfro then we can have a lot of insights about the nature/economics of the industry and if there is any trend that is undergoing in this niche market.
Virat Industries Ltd – Sock Stock (19-11-2015)
Hi @desaidhwanil Agree with your points. In fact I had looked at this company for the same reasons. And it looked interesting given they were launching the domestic brand. However, I do agree that creating a brand is a very uphill task in sock category. The company has a very small number of clients and they are very choosy before working with anyone, largely because of the terms of trade. They claim to have the best quality amongst all Indian mfg's.
The dampner here was on growth. A friend of mine had attended the AGM and he mentioned that the promoters are extremely conservative and that is also one of the reasons why they aren't working with many clients (This is largely positive in my view, though this has an implication on growth as well)
The key element of growth could be there domestic brand launch - 'Lord Walker'.
I did try to do some on ground research on their brand it was just launched and not much info was available then. Maybe we can do more work on this and do some on-ground research about the pickup of their brand.
I think more than the brand - it will provide growth to the company. The base is small thus they can perhaps grow from here.
The space is seeing some action here -
http://www.business-standard.com/article/companies/renfro-india-to-expand-domestic-footprint-114102100903_1.html. Renfro which is one of the largest is a 400 Crore company and is now eyeing domestic market with their brand 'Copper Sole'. They claim to be growing @ 15-20% as per the article above, They have an agressive target of 400 Crores over the next 5 years from domestic market!
Virat's size is extremely small at the moment and getting a re-rating here is a function of growth in my view. Thus answering that part of the puzzle is extremely important.
Capital First – 72% Held by Warburg Pincus (19-11-2015)
Also management in 2010 was of Biyani who is was not good at managing the company
Wockhardt – A story with twist and turn (19-11-2015)
If company did not miss concall for last 2 years, when it was going through lot of issues but decided to miss this time, does it mean the issues are close to getting over? I may be speculating here . Also company's reason about not having concall is interesting!