Hi Prashant,
Will go through the concall again and get back. May be I missed it earlier.
Posts tagged Value Pickr
Arman Financial Services Ltd (10-12-2015)
Hi,
Havent looked at Satin Credit and thus dont have any view.
TAKE SOLUTIONS LTD- will you take it? (10-12-2015)
Few more questions :
- How are we similar/different from a Medidata for example.
- What has changed in the last 2/3 years in the life-sciences division market – both externally and internally which has made us in the fray for larger deal sizes – USD 20-25 MN
- Competition in this space should be heating up given the market growth and application of technology. What will enable Take to sustain and rather grow its position in the market.
I think the metrics to track in Take, like in MPS are
- Revenue share from Top 5/10 customers. That should consistently grow. I understand that this is going to be a increase wallet share with customer story rather than new customer addition story
Monte Carlo Fashions Ltd – Branded Apparel Stock at Good Valuation (10-12-2015)
- True, the management also recognizes this in the annual report. See screenshot from page 47 of AR 2014-15 below:
You are correct that 50% of sales are now from the cotton segment. I do not know the margin in this segment as segment-wise analysis is not available in the AR. It is likely that margins are decent. This is evident from the fact that in non-winter quarters the net profit is lower than Q3 but margins are intact(but they seem to vary a lot). Screenshot (there was an adjustment of inventory from June 2015 to Sep 2015):
I would say increase in debt is due to increased store openings. The stores have increased 10% over the last year. Also, the management has indicated in the investor presentation that the company is investing into marketing and advertisement. However, inputs welcome.
I am not very knowledgeable on the institutional arrangements. I know of a few people that buy MC without any institutional tie up. There is a positive spin to an institutional arrangement though – guaranteed sales visibility without marketing and store costs?
TAKE SOLUTIONS LTD- will you take it? (10-12-2015)
Have just started spending some time on this company. Few questions that I am looking out for answers are below:
- The management talks about huge growth in the Life Sciences segment given the increase in outsourcing share. In-spite of that, if we look at the sales of Life Sciences segment for Take in USD & INR Terms, the growth has been pretty average. What is the reason for the same?
- Management has talked about increasing their consolidated margins to about 24% by FY17, what will drive that increase. The low margin business have been divested already. Further, they have acquired a low margin business in EA. Wouldn’t it be a barrier in achieveing the 24% margins
- Their past acquisitions haven’t been that successful. What’s their thought process behind acquisitions and why did some of the previous acquisitions didn’t work (e.g- WCI)
- In terms of capability, why can’t a TCS/Infosys/Capgemini/Accenture provide a similar suite of services to the clients? What is it that only Take can do?
- For an Technology/knowledge based company, their asset turns is extremely low (~1) What’s the reason for this?
Arman Financial Services Ltd (10-12-2015)
Ankit, I again I went through the call and they mentioned about venturing into the HFC(in the audio b/w 32.35–33.40) and they have some industry veteran on board who was a head of nationalized bank but nothing materialize yet in this front they said.
Ashok Alco-Chem (10-12-2015)
Dear friends ! a little information from my side also. Financial parameters are impressive but business outlook may not be so good for comming few quarters. Reason is that some of the products from this company might be in recession. As some chemicals like Bentonite is mainly used in drilling of Oil wells.
Drilling industry prospects look grim so this may dent the profits of this company also. So please do your homework throughly.
Disclaimer: Not invested, tracking
Rajendra Badoni
Arman Financial Services Ltd (10-12-2015)
Hi @ankitgupta Did you get a chance to look at Satin Credit? This looks like an MFI with very good fundamentals and promoter and a bit undiscovered and so low valuations compared to its peer SKS. Can you offer your opinion on this please?
Renaissance Jewellery (10-12-2015)
I full appreciate your point. US and UK subsidiary of company account for 72% of Renaissance sales. I have earlier mentioned about companies products being listed on amazon.com. Also both the subsidiary are subjected to local US and UK laws. Financial details about UK Subsidiary is available on privco.com/ (some need to pay for access 
)
Can you point me to some bankers, who would be ready to talk about the company?
Arman Financial Services Ltd (10-12-2015)
Thanks a lot for clarification Ankit. I thought, i heard HFC 