Faze Three transactions (exports) from Mumbai port (data upto 3 July 2022). Looks like Q2 will be flattish to slight degrowth.
Posts tagged Value Pickr
FAZE THREE LTD. –A Textile co. Rising From ASHES to GLORY (27-07-2022)
The headwinds due to inflation will be offset by revival of hospitality and hotel sector which is evident by record flight travel. Faze three supplies high end/luxury products- sheets, pillowcases, blankets, carpets, curtains, dining room tablecloths, cloth napkins to top hotels in US.
Sigachi Industries Limited (27-07-2022)
All thanks to @Chandragupta for gently nudging into asking difficult questions!
Apart from their core business, their entire communciation is something I would want to see last in any company. On one hand there is slower but more holistic growth that they could have targeted with their MCC and CCS market. There are exciting opportunities in the food industry for which they have communicated in the past and that it will grow faster than other verticals. But looks like they’re getting trapped by the short term or they are looking at some competition headwinds that we fail to realise.
The 1% royalty bit is something which makes the company a no go if they don’t back track and rectify it. Because of a lack of focus, the capital allocation can go for a toss. I wouldn’t want to buy an ethanol business via Sigachi. Nor would I want to buy a generic marketing one (can suck working capital, increase opex and takes a different kind of accumen to succeed). Topline isn’t that hard to increase per se. But will be difficult to do along with better or stable RoCE’s. That’s what their responsibility is but the soft signs are not very good.
Tatva Chintan – A catalyst for growth (27-07-2022)
I am trying to search the applications of Structure Directing Agents. As per company they are saying it is mainly used in vehicles and as Euro5/6 norms are effective and emissions need to be controlled.
a. Will this be used as a quoting material in Engine- If this is the case then it will be required in each and every vehicle which will have Euro5/6/7
b. Will this be used as agent in gasoline- If this is the case then it will need to be mixed in gasoline and will be in continuous demand
Can anybody throw some light on the applications?
Tata Investment Corporation: Unusual discount to NAV (27-07-2022)
Recent results
Hope it helps
dr.vikas
Godawari Power – Any Trackers? (27-07-2022)
it was discussed in last concall I think. they have long term contracts, so they covered till sep.
Kilpest India Ltd (27-07-2022)
Thanks for sharing the order. Nearly 2 years since this small, straightforward merger started. It’s worth reading the order to understand how death by compliance happens via Indian regulators / courts. When an inefficient system meets an inefficient management, shareholders are bound to get screwed.
Green Hydrogen- The ultimate Green Fuel- Indian companies that are leading the Green revolution in India! (27-07-2022)
Hydrogen fuel Cell vehicles and Hydrogen for IC Engines Vehicles may be a small part of the entire Green hydrogen game plan, which to begin with may go side by side along with EV for quite sometime due to complexities involved. But the science comes out with solutions – if Green hydrogen is the ultimate goal.
However, there are many othe carbon producing industries such as power plants, fertilisers, Petroleum refining and many others where Green hydrogen theme is playing out very fast- it is not at all a hype.
It is because if we look at the big picture on climate change, Global warming , Ozone layer depletion , the entire Globe is looking towards the Carbon foot print- there is no denying and all the nations are coming together to unanimously agree only one Goal , one vision to move towards Green hydrogen / Renewables as the ultimate source of energy to reduce carbon foot print.
Karur Vysya Bank (27-07-2022)
KVB Q1 Fy23 Results- Press Release
The Bank has a delivered a strong performance in terms of business growth, which has grown 12%
YoY as well as a commendable 110% growth in Net Profit.
Reduction in NPA, improved credit off take and stable NIM has resulted in improved profitability
Business performance
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Total business as on 30th June 2022 stands at Rs. 1,30,780 crore, registering a Y-o-Y growth of 12.05% i.e. up Rs. 14,067 crore from Rs. 1,16,713 crore as on 30.06.2021. Business has grown by Rs. 4,554 crore during Q1, from a level of Rs. 1,26,226 crore as on 31.03.2022.
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Credit portfolio grew by ~14% Y-o-Y (Rs. 7,297 crore) and gross advances stands at Rs. 59,612 crore as on 30.06.2022, up from Rs. 52,315 crore a year ago.
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Credit off take continues to improve both Y-o-Y as well as Q-o-Q terms aiding the growth of advances portfolio.
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Jewel Loan portfolio registered a Y-o-Y growth of Rs. 1,667 crore (~13%) and stands at Rs. 14,873 crore as on 30.06.2022 (up from Rs. 13,206 crore a year ago).
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Total deposits grew by Rs. 6,770 crore (~11%) to Rs. 71,168 crore, up from Rs. 64,398 crore as of 30.06.2021. CASA portfolio and retail term deposits were growth drivers.
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CASA share is up by 118 bps to 36.42%; CASA deposits are up at Rs.25,916 crore i.e. a growth of 14.23% on Y-o-Y basis (Rs. 22,688 crore a year ago).
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Basel III CRAR stands at 19.21% (with CET1 Ratio of 17.25%), up from 19.06% as on 30.06.2021.
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As at 30.06.2022, Gross NPA has declined to 5.21% (Rs. 3,107 crore) as compared to 7.97%
(Rs. 4,167 crore) a year ago. GNPA as on 31.03.2022 was Rs. 3,431 crore (5.96%). -
Net NPA stands at 1.91% (Rs. 1,098 crore) as on 30.06.2022 (3.69% a yr ago – Rs. 1,845 cr).
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Provision Coverage Ratio stands at 82.74% (72.40% a year ago).
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Branch and ATM + Cash Recyclers network as on 30.06.2022 stands at 789 & 2,237 respectively (corresponding position was 781 & 2,251 as on 30.06.2021).
Financial Performance
Net profit for the quarter grew by 110% and stood at Rs. 229 crore from Rs. 109 crore during Q1 of previous year.
Operating profit for the quarter was Rs. 475 crore as compared to Rs. 412 crore.
Net interest income for the quarter improved by ~17% (Rs. 108 crore) to Rs. 746 crore for the current quarter vis-à-vis Rs. 638 crore for Q1 of previous year.
Net interest margin stands at 3.82% up 27 bps from 3.55% a year ago.
Cost of deposits has improved by 44 bps and stands at 4.09% as compared to 4.53% during the previous year.
Yield on advances is at 8.27% (8.55% for Q1 of previous year).
Non-interest income for the quarter is Rs. 199 crore during the current
quarter as compared to Rs. 203 crore a year ago.
Fee based income has improved by Rs. 40 crore on Y-o-Y basis to Rs. 187 crore from Rs. 147 crore during the previous year.
Operating expenses for the quarter was Rs. 469 crore as compared to Rs. 429 crore during Q1 of previous year.
Cost to income ratio stands at 49.68% (51.03% for Q1 of previous year).
Jagran prakashan (27-07-2022)
Interesting to see the exchange filing for “consider the interim dividend”. This could be a good catalyst for the share price in near term.
Could it be the reason for recent acquisition of shares by promoters?