applied on first day @ upper price band got 240 .i may reduce my holding soon…and will remain invested for long term.now analyst on TV are saying in positive but don’t forget they all said it is expensive means now it is becoming more expensive.
dis…..HAPPY DIWALI
yes, applied for and got 30, now there’s retail complaining about refund because they didn’t invest at the cut off price
Happy Diwali!
StockAxis recommended this yesterday
Did anybody applied in Indigo IPO @ 765 which listed at 885 and with firm allotment for 255 shares in retail category?
Some marquee investors like RJ,Ramesh Damani and lot of HNIs invested in IPO and RJ bought more yesterday on listing.
An excellent interview of Indigo MD Aditya Ghosh highlighting USPs of Indigo & why it sttill rmain an excellent stock to invest in.
Discl- Have invested in IPO @ 765
Hi
Wish to know if there is any mention of the valuation ETHOS got when they raised private equity of Rs.30 crores ?
Regards
KP
Repco continues to deliver outstandingly – 31% loan growth in first half is really good. Management continues to guide 25%-30% target growth which may be easily achievable in coming years also considering the Housing for all by 2022 scheme should gather momentum in coming years. From management talks there continues to be no concerns about Asset quality and they say this is annual seasonal effect and they are confident of recovering all the loans marked as NPAs (after 90 day period). Their LTV is around 50% which provides lot of comfort. So, all seems good and good ( HIGH multiple years growth with High Level of Certainty with high NIMs and also negligible amount of loans going bad)….
Any opinions what could go wrong her?
The company had a concall on its Q2 results yesterday,below are a few of the points that I have noted down
a) Demand remains subdued across all geographies. However there is some positive news like better employment data from the US. Quantitative easing from ECB
b) Company is positive on India because of reforms undertaken by the government. Coal reforms to help in the mining sector. The company is also focusing on the agricultural sector
c) The bhuj plant is complete and the company has capitalized 2570 Cr as on 30/9/15. Company will break even at 20-25% of capacity utilization at EBIDTA level
d) Sales volume for the quarter 34333 MTPA, overall guidance for the year below than the last year
e) Gross debt 1900 Cr cash & cash equivalents – 800 Cr, hence net debt is 1200 Cr
f) Imposition of anti dumping duty by Titan on Chinese and Indian players will not effect the company as this will effect the commercial vehicles
g) companies cost of debt works out to less than 2%
h) $-rupee hedge has been done, however the EUR-$ hedge is still open for FY17
i) Gross margins were higher due to lower RM costs. Rubber cost at 95/KG versus 104/KG
j) Company is not facing pricing pressure due to lower RM costs, however company may offer discounts in the future to encourage sales
k) Production at bhuj facility at 7100 MTPA
l) Everyone working with thin inventory due to slow down in demand
m) Growth drivers for the company are as follows 1) OTR segment – 10 billion opportunity company has sales of only 200 million 2) growth in the present market 3) OEM segment 4) India opportunity 5) demand from CIS countries
n) global market share of 4%
o) Markets that are doing well in Europe – Italy, France & Germany. Brazil and Poland are not in good shape. Do not see any recovery in the European market for the next 1-2 quarters
p) EBIDTA per KG Rs 72
If other members have gone through the concall, please share your inputs which I may have not covered.
Regards,
Chetan Chhabria
Let us understand what is Plastic Extrusion – Whether it’s one hundred yards of pipe-tubing or a thousand Crazy Straws, plastic extrusion is in frequent use in today’s plastics industry because it’s readily available and easy to work with. The plastic extrusion process involves melting plastic material, forcing it into a die to shape it into a continuous profile, and then cutting it to length. The process is a good choice for applications that require a final product with a constant cross-section. The low cost and high production rates make it a common manufacturing choice for products such as piping, plastic sheeting, weather stripping, wire insulation and adhesive tape.
More @ http://www.thomasnet.com/articles/plastics-rubber/plastic-extrusions
Financials are good; not the best. But by looking at the financials below we can see that things are improving from 2013 onwards. Also if we read about the plastic or plastic extrusion industry this company names comes first in India and may be in Asia so looks like company looks like a good bet at current price. No onus.
Senior members, please provide your inputs/suggestions etc to understand the company, business and outlook for the company.
Details from AR 2014-15..
According to various report, sales of plastic packaging is concentrated in Asia, which accounted for 36% of the total in value terms in 2012. North America and Western Europe shares were 23% and 22% respectively. In 2012, Eastern Europe was the fourth largest consumer of packaging with a global share of 6%, closely followed by South and Central America with 5%. The Middle East represents 3% of the global demand for packaging, while Africa and Australia each has 2% share. According to the study, this segmentation of the market is expected to change significantly by 2018; Asia is predicted to represent over 40% of global demand, while North America and Western Europe lose out noticeably. Once again, implying great potential for the plastic packaging industry in Asia is the growth opportunity for your Company.
The growth of the global packaging industry is being driven by a number of trends, depending on various geographical regions. Growing urbanization, investment in housing and construction, the development of retail chains and the burgeoning healthcare and cosmetics sectors are driving packaging demand in China, India, Brazil, Russia, South Africa and other emerging economies. An increase in living standards and personal disposable income in the developing regions fuels consumption across a broad range of products, with subsequent growth in demand for the packaging of these goods.
During 2014-15, your Company arranged 30 different training programs with participation of 90 employees from various categories to explore their potential
To mark our presence and show case our products we have participated in 10 exhibitions out of which six were overseas and we continue to do so. Next we have targeted to participate in 15 exhibitions related to the Plastics industry.
Your Company has a 49:51 joint venture with Bausano Holdings SRL, Italy under the name of Rajoo Bausano Extrusion Private Limited to manufacture and market pipe and profile extrusion lines including for wood composite profiles in India, with a special emphasis on Africa, Gulf and SAARC markets.
Rajoo and Bausano SPA, Italy collaboration has launched India’s first WPC (Wood Plastics Composite) Extrusion Machine. The construction, flooring and decking Companies would significantly benefit as these machines come with range of capacities (200 Kg/hr to 1200 kg/hr) to manufacture profiles and boards that uses up to 80% of wood powder, first ever in the Industry.
Your Company is in the capital goods sector, manufacturing plastic processing machines specifically extrusion and post extrusion machines for producing films, sheets and various thermoformed and vacuum formed products. Plastics represents one of the ubiquitous raw materials that finds use in a wide gamut of industries ranging from packaging, construction, automotives, industrial manufacturing equipment, to mechanical engineering..
Global production and consumption of plastics increased from less than 5 million tonnes in 1950 to 300 million tonnes in 2013. Indian sub-continent share in global production is only 4.2% Indian polymer demand is growing twice that of GDP. From 8.7 million tons in 2003-04 , it has increased to 11 million tons by 2012-13. Over a third is used for packaging, while construction products represent almost a
quarter.
Disc: Not invested; under watchlist
Management bought 31000 shares of the company between June’15 & September 2015 quarter.
Source: BSE website
