Gaurav, great work. But you are comparing apples and oranges.
Example, gitanjali, Renaissance, Goldiam etc are manufactures and traders
of diamonds/jewellery.
Thangamayill, Titan, TBZ, etc are retail chains of jewellery.
So please evaluate accordingly.
Regards,
P/E ratio should always be seen in conjunction with the debt of the company. Half yearly balance sheet of company mention
Long Term Debt = 261 cr
Short Term Debt = 262 cr
Also company has negative working capital
Current Assets = 481 cr
Current Liability = 485 cr
I am also surprised with the Kalink willingness to subscribe at Rs. 640/- per share because they can easily acquire 2 lac shares from open market at much lower price. The amount of their investment is very small approx $2 million. It is like a seed amount for a start-up.
Not invested.
I have compiled the following for the industry, table is self explanatory.
Renaissance Jewellery trade receivable as percentage of revenue is below the industry average but Inventory and trade receivable as percentage of revenue slightly higher.
Good concentrated portfolio. Pharma weight is little too high. Consider buying one or two banks & some consumer stocks.
Thanks for the reply. I feel Indusind should do well in falling interest rate cycle over HDFC Bank though there is no comparison of quality among them. HDFC Bank is a solid bank. Hence this strategy.
Granules has least USFDA risk and has medium term triggers for sales and margin growth. May not be a 10 year bet but good for next 5 years.
Thanks for the reply and advice.I will diversify once I get the evidence of cyclical upturn in economy, till then hiding behind safe sectors.
Hi Vinay: you can try SM segment on NSE instead of the normal BE segment.
Hi Ishank: Its been listed since Aug 2015 only. Unlisted cos of this size
never pay dividend to promoters by paying out dividend distribution tax. So
may be some time can change this?
This company does not pay dividend but invests in stock market and equity mutual funds! whao! why not return money to shareholders? All of us can ourselves invest in stock market and mutual funds.