I am putting up ENIL BQ sheet which I think is an excellent tool to gauge the business quality succinctly.
ENIL-Business-Quality-Ver3.xlsx (19.2 KB)
P.S.: I had uploaded the sheet in BQ sheet thread, however uploading the same for completeness of the thread with some refinement/addition to the earlier BQ sheet
As per the Q2 Fy16 investor presentation:
– Telecom order book stands at Rs 2009 crore, of which services and supply of products as part of the NFS order was at around Rs 1900 crore and should be executed by the end of 2016
-The telecom products business continues to win new customers globally and has recently been selected to help a global operator expand its network across 50 Towns and over 500,000 buildings in Ireland
Vijay
Thanks Varadha.
As mentioned let’s get the focus tighter to compare apples to apples, as far as possible. SPI global has BPO ops as well. So better to focus on TNQ, Newgen Knowledgeware and SPS.
I am independently getting contacts at Chennai. Will come down for a day or two when I can spare some time post doing my homework on the above.
I recently entered here. I read this list of won contracts and found that it should post good numbers ahead.
http://www.trigyn.com/Company/NewsEvents.aspx
Also, 25,000 shares bought by Director in 15-09-2014.
QIP should increase its liquidity. That should be positive for the price movement.
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This could be interesting…
http://environmentclearance.nic.in/writereaddata/FormB/EC/EIA_EMP/03112015OZ72TU32EIAReport.pdf
Hi Rupesh,
I have studied this company recently in detail – not much on the valuations still, but much on the business/sector part. Auto sector has great growth opportunities in coming years. LED business in which they have diversified is also lucrative. Some worries/questions –
—> How much proportion of total Honda/TVS/suzuki orders for auto parts are supplied by Fiem? I find 44% of our revenues from sale of auto parts come from Honda. What importance do we hold to Honda? Are we just another fragmented supplier to these companies – with low pricing power.
—> Company’s LED business (street and house) is great- but govt driven. EESL will buy from these companies by way of tenders. Again no pricing power. Again how many players in this segment at present needs to be found out.
Disc: Not invested.
Agree moat is becoming a abused word today, but at the current valuation I need to understand if it is worth the price and how well they are placed in the industry and moats if any exists. I believe approvals from regulatory bodies are important and cannot be undermined in the line of business in which Hester is. Perhaps it may not matter much when seen in isolation, but a combination of these (variety of approvals, trust and relationship with customers/vendors, patents, manufacturing capacity, etc.,) might result in a moat.
Disc: Tracking position, recently invested.
In spirit of full disclosure : Today i have sold out of my positions in this stock.Reason:a)in need of funds b) realization that marginal positions does not move the needle but give dispropotionate stress c)investment based on hope and not earnings
thesis has not changed.Promoters are buying whatever qty being offered for sale.Good Bye Cranex Ltd it was nice knowing you.Learnt something new made some little profit too.