I think time has again come, if someone wants to again do some rebalancing in his PF.
Many high quality names have corrected recently up to 30 %.
I am 12 % cash willing to deploy this week, but as always happens in market, the stock you wish to buy never corrects and the stock you wish to sell keeps going down ! 
Best
We already have an existing thread on LaOpala which is https://forum.valuepickr.com/t/la-opala-rg-aspirational-consumer-story/1018/75
@adminph2 – Maybe we need to delete this one, it being duplication.
Here is an article about the tyre industry in India. The author has covered major companies as well as reasons for slowdown in the industry. That said, I am also wondering that why the industry is spending a huge amount in CAPEX to increase the capacity.
Even their manufacturing sales haven’t gone up much. I see an improvement in balance sheet but with the run up this stock has shown I think it will go down to 50 levels.
Disc. I am invested
Co repre by Anoop Kumar Mittal, CMD & Yogesh J P Sharma, CGM (Engineering).Key takeaways by Capital Mkt
Order book as end of Sep[ 2015 stood at about Rs 30000 crore and of which real estate order book is Rs 1500 crore, EPC order book is about Rs 1000 crore and outstanding redevelopment order book is Rs 3500 crore and balance are PMC orders. However including DDA work, the order book is currently about Rs 40000 crore. The company expects to close the fiscal with an order book (excluding DDA work) of Rs 40000 crore.
Of the order intake target of Rs 10000-15000 crore for FY16, the company has booked orders worth about Rs 5000 crore in H1FY16 and expects another Rs 5000-10000 crore in H2FY16.
Now seven colonies which are next to each other is to be redeveloped compared to earlier decision of redevelopment of 6 colonies. Of which seven colonies the company will get redevelopment work for 4 colonies and balance will be given to CPWD. The seven colonies that are to be redeveloped are Narojinagar, Netajinagar, Sarojinagar, Thiagarajanagar, Kastubanagar, Srinivaspuri and Mohamadpur. Expects the government approval to come by March 2016 and the company will be ready to commence work by Dec 2016. And the work has to be completed over 5 years. Given the total cost being Rs 20000 crore this will give annual revenue of about Rs 4000 crore over next 5 years.Expect revenue for FY16 to grow by 25%.
The company continues to see strong orders inflow for PMC business as the company continues to enjoy strong confidence of Central and state government agencies.In Oman, the company could get couple of projects. Total economy and infra development has come down by 50%.Sales in Kidwainagar project will not go to real estate. The PMC charges will be accounted in PMC business. Sales from Kidwainagar are about Rs 350 crore.
Sales accounted under Real estate is only from projects where the company is investing money. In redevelopment business the company gets only PMC charges. In Q2FY16 real-estate sales revenue come from sale of Okhla commercial space and some flats in Bhubaneswar and Patna have also sold in Q2FY15.Okhla commercial real estate more than 50% is sold and currently sold out all office space and out of total space left with 2/3 floors of retail area which will be converted into office area.
Key highlights of Conf Call by Capital Mkt
Navratna brands contribute 50% of the branded business sales. Pulsor and Hakama continue to remain the top two brands in the Navratna portfolio.The portfolio of newer brands called as Super 11 has contributed ~15% of branded sales. Looking at the good traction in the Super 11 portfolio, mgmt is confident of achieving 75-80% of branded sales from these two product portfolios in next 2-3 years.The company under took routine maintenance shut down at its technical facility. The shutdown was extended in the wake of poor demand on the back of deficient rainfall. This has hurt company’s margins during the quarter. The manufacturing facility is expected to restart operations from Dec’15.Currently, company manufactures 18 technical’s and is expected to scale it up to 24 by within next 12 months.
The company has envisaged robust plans to launch at least 14 new innovative products in the next 12 months. It has six new technical’s sitting in the pipeline and will be rolled out from Dec’15 onwards. Technicals are high margin products and will help to improve the margin profile of the company. The company also expects to launch six new products in the branded formulation segment from CY16. Apart from this, mgmt indicated that it is on track to launch two new 9(3) molecules in the next 12 months.The company has begun exporting to Middle East and African countries along with Pakistan and Bangladesh. For FY16, the mgmt has guided a modest export revenue of Rs 20-25 crore.
You have got Force Motors at very good price. I guess it has to see better days going forward.
As far as CAPF is concerned, management is extremely bullish about their bottoline outgrowing top line over the next 3-4 years. Good stock to own for long term.
Disc: I have vested interest in CAPF
Quarterly results announced:
http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/EE9E08FF_A15A_4734_8030_71B24F700AC0_123021.pdf
Year on year quarterly Sales down 18%, Net profit down 14% majorly due to withdrawal of it’s trading arm.
Management has declared a second interim dividend of 0.2 Rs per share.
Disclosure: Invested
Expect stellar results from Laopala today I expect top line around 62Cr & bottom line around 10.4 Cr… it has stood well in recent times despite major indices & markets having tough time… If results beat the expectations & markets turn positive from current levels, I expect LaOpala to move around 735 … Happy Investing
I doubt the logic of better quarter due to festive season… Page in such a business where festivals don’t play a role at all, still I have better expectations… Other income & tax issues may settle down and this will show a different picture in next quarter
Disc : Invested so views may be biased