I dont see any Q1FY23 earning call Recording or Transcripts ? Anybody knows if they have stopped the Earning calls ?
Posts tagged Value Pickr
Best Shareholder Letters (12-08-2022)
Few people know of Nick Sleep and Zakaria, which is expected. But recently the shareholder letters of Nomad partners was released legally. Incredible read, far from my style of investing but still brilliant IMO.
DHP India Ltd – Regulators and Fittings (12-08-2022)
Very good results posted for Jun’22 quarter with a growing topline and a stable profit which was a fraction short of 12 Cr that I expected.
Following are some observations that I noticed:
a. 4 Cr CAPEX last financial year on machineries seems to have started yielding results which are way more than its CAGR from Mutual Funds. Dollar strength also must have had its role for increase in sales.
b. Operating returns continues to be maintained at healthy rate of 34%. Could be again a mix of reasons like Dollar strength result in net currency gains, company being able to pass on the impact on input cost fluctuations, manufacturing efficiencies due to machineries upgrade.
c. 1.11 Cr Other income for Jun’22 cannot be compared with 10.16 reported for FY22 which included 7.64 Cr gains on redemption of Mutual Funds. On QoQ / YoY basis.
d. 8.29 Cr Mutual Funds notional loss for Q1 (not counted for PAT) has more than reversed at its current NAV (assuming the units held as of 31st Mar are not sold) with effective gains of 3 Cr.
e. Q1 profits historically have been lower than remaining quarters of the year. On this basis, we can expect current year’s profits exceeding TTM net profit of 42.2 Cr. Recession scenarios playing in Europe / US can only stand in the way of this.
With general market already in a buoyant mood, we can expect the stock price continuing its catch up action with stronger results.
Disc: Invested
Safari Industries (India) Ltd (12-08-2022)
I have not done any such calculation. My investment horizon is much longer and I expect its revenue to grow at 20%+ CAGR for a long time.
I believe that valuation is less important for a very long investment horizon. I’m looking at it from the perspective of relatively small market cap vis-a-vis opportunity size, growth potential and capable management. I do not have any quantitative workings in excel or in my mind. However, If one is looking at it from near term perspective, broad calculation could be as following:
Assuming ~Rs.1050 cr revenue and ~Rs.90 cr PAT for FY23E, stock is available at ~3x EV/Sales and ~35x PE. You can tweak it as per your assumptions.
Disc: Invested. I am not SEBI registered Advisor/Analyst. The information provided above is for education purpose only
How to register with SEBI as a Research Analyst? (12-08-2022)
Apologies for the late reply.
As far as I know the process remains the same, the eligibility criteria is a bit different.
Screener.in: The destination for Intelligent Screening & Reporting in India (12-08-2022)
The most effective tool for screening. Loads to love about them. I did a podcast with Pratyush a year back to discuss his journey. I just love the way they approach product building - from a simple, value building perspective, rather than fast commercialization.
https://www.youtube.com/embed/-eVnZm1hgi8
Some suggestions from my side after a more than year of using screener:
- Pls include formula for the financial ratios, as much as possible.
- Pls provide backtesting facility for screeners. This would be immensely useful.
- Pls allow viewing of historical ratios for custom built ratios or at least more number of ratios.
Vedant Fashions- Manyavar Mohey- Titan of wedding retail (12-08-2022)
Thanks for this clarification. I agree about the FII preference for such stocks despite their high P/E. Frankly, I am a bit surprised that they have continued to trade at elevated P/Es despite the rise in interest rates (and expectations of further increases), which should ideally reduce the Present Value. Perhaps this is the new normal. Looks like I must shed my reluctance to invest in them.
Premco Global — Narrow Fabric (A critical component for inner wear) (12-08-2022)
This is the reason
3) Accorded approval to Subsidiary Company ie Premco Global Vietnam Co Ltd (PGVCL) to repay the Capital Contribution of its deceased shareholder at a mutually agreed price and make necessary amendments in its Charter & Investment License.This will transform the type of enterprise of PGVCL from Limited Liablity Company with two members to one member limited liability Company by way of Capital Reduction which would result in Subsidiary Company being converted into Wholly Owned Subsidiary Company.
If we just take out Indian operation then Vietnam had only sales of 6 cr this quarter and nil profits. They have kept stock with them and it’s part of business to maintain relation with MNC