It appears to be result of some well published accounts going bad. Nothing to be worried about for the long term believers.
Posts tagged Value Pickr
GRUH Finance – mini HDFC (19-10-2015)
Sudhin Choksey Interview
Gross NPA at 0.58%, asset quality under pressure: GRUH Fin
US based NRI’s – How do you guys invest in equity now? (19-10-2015)
Hello All,
The above thread is more focused on opening the demat account for a NRI. However the crux of the discussion would be, after opening the demat account:
How would one continue to invest in equities without violating any US or Indian tax regulations?
The process of filing the tax within the US? (no need to declare tax in India, if the earning is only in Equities (please be aware of LTCG and STCG) and not earning from any other source
Point 1 being answered will eliminate many of our doubts/concerns. It would be helpful to get other hoarders view on this. Appreciate your time.
Thanks,
Manju
SKS Microfinance (19-10-2015)
SKS reports another set of good numbers.
http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/12D7EED0_E780_401B_9666_45D7E77E3923_202506.pdf
Loan Disbursals up - 57%
NII up - 59%.
NP up - 37%
Cost of borrowings down 90 BPs to 11.2% from 12.1%.
Cost to income ratio down by 5.3% to 47% from 52.3%.
Gross NPA 0.2% and Net NPA 0.1%.
ROE of 26.9%.
Avg. ROA of 5%.
H1 Book Value of 94.9 and 119 including deferred tax arrangement.
Collection efficiency of 99.7%.
Cap. Adequacy ration of 24.6% against RBI mandated 15%.
Profit guidance raised to 290 Crs. from 235 Crs.
Regards.
CCL Products (19-10-2015)
We should not read too much into the way (behavioural part) he is answering questions. I think what he is trying to say is that CCL enters into yearly contractual arrangements and these shipments need to be delivered in an year. And it might happen that a shipment may not be released on 30th September but got released on 1st October instead and therefore revenue not booked in the previous quarter and will be booked in next quarter. Hence he is trying to emphasis that it is not an actual de-growth and one should look at annual numbers rather than QoQ comparisons (be it previous Qtr. or last years same Qtr.)
That is the way I may read it. Using the word 'may' as I am not invested in CCL and therefore might not seriously dig into the reasons behind the numbers. Just offering a view point.
Regards.
Kitex Garments Limited (19-10-2015)
Cash & bank balance has increased to 241 Cr from 203 Cr in Mar 15. This is lot of cash, almost 2.5 times FY15 profit.
Fabric segment (71 Cr) has more capital employed than garment (110 Cr). The EBITA contribution from fabric segment is hardly 1 Cr. On the other hand, Garment segment contributed 43 Cr.
Why such low returns in Fabric segment as compare to garment?
CCL Products (19-10-2015)
Didn't like the way Rajendra Prasad answered few questions about company's performance. Even though there was slight decline in the revenue on YOY basis, Rajendra is not accepting the fact that there was any de-growth.
Nothing wrong with the result but just nervous about management's denial mode in accepting the facts.
US based NRI’s – How do you guys invest in equity now? (19-10-2015)
Its better that information is posted here, instead of everybody asking for it to be emailed.
GRUH Finance – mini HDFC (19-10-2015)
I noticed that the provisions are a lot higher YoY
Is this on account of DTL? Could have easily had 25-30% PAT growth otherwise.