Hi Nikhil @NikhilJain ,
Could you please tell me where did you get the news about 22 days of quarterly maintenance shutdown from?
Thanks.
Posts tagged Value Pickr
NCL Industries – Resumption of growth? (30-10-2015)
Another announcement was made on 28th Oct for further release of pledged shares.
Quarterly results to be declared on 13th November.
Expecting Sales and Profits to be somewhat affected due to 22 days maintenance during the quarter (by how much is yet to be seen as company hasn’t been operating at Optimum capacity)
Jubilant life sciences (30-10-2015)
Jubilant plans to raise capital for about INR 1300 Crore.
Gulf oil corporation – the safest way to play coal cycle (forget about coal cycle) (30-10-2015)
That means approx. 32 lakhs per guntha (1089 sq fts). That is really too much sir. And that too gov. paying so much money when they pay gov. rates only.
Thanks
Amol
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (30-10-2015)
Chintan, you are right being a cyclical industry usually once uptrends start it continue till march of next year then because of weather related uncertainties correction happens between march and july and depending upon monsoon conditions it moves up and down. However during poor monsoon years (like 2015) usually uptrends continue for 2 years because major effect of poor monsoon is felt in next year crop and cause larger sugar deficit. Poor monsoon has three prolonged effect reduction in acrage, reduced production of sugarcane and lower recovery which magnify its effect. Because sugarcane takes between 10 to 15 months for full development there is no much scope for supply improvements in between times. Same stories was repeated during previous monsoon drought of 2002 and 2008. Also usually south based sugar companies are better managed like EID Parry, Parry Sugar, Bannari Aman etc and they tend to outperform in latter part of cycle from UP based companies.
Consolidated Vs Standalone Finanacial statements (30-10-2015)
Look at both. But look more at consolidated numbers. Most websites calcukate EPS and ratios on standalone nos. This is usually misleading.
P. I. Industries Ltd. – A Unique Business Model can make it a Great Play on Agri & CSM Space (30-10-2015)
Some notes I prepared while listening to call
agri inputs:
* indian farmers likes brand because of they give predictable yields
* kefun, oshean brands have done really well
* selective launching 1-2 every year
* challenges in monsoon, muted growth possible in second half
* biovita relaunched
* in-licensed products have gone to 70% – I think this is giving much better margins
CSM
* CSM growth flat in q2, customers take the deliveries in 2H
* plant 2 at Jambusar started in sept, plant 3 by end of year q3 in dec
* order book of 610m
* A molecule takes around 2 years to ramp up from early stage to commercial production
* PI does not have much impact of crash in global agri prices due to it is mainly into molecules in early stage of the cycle, only matured products will see impact
* infact they are getting more and more enquiries from global companies for out sourcing – in 1H they saw 20% more enquiries in CSM
* the impact of global agri commodity crash is that farmers will look to shift crops which have better prics and try to reduce costs which will impact mature agri input products. PI is in early stage products will not be impacted much.
* started working on pharma and speciality chemicals – this is pilot stage – target 10-15% sales from these segments in next 3-5 years
- Strength of the company includes handling complex process chemisty/reactions and r&d and moving products from early lab synthesis to commercial production and key tie ups/trust with global agri MNCs that they will respect their IPs
FY16 outlook
- blended growth (agri input + CSM) will be 15% growth with 100-150 point improvement in margins
- 300-350cr from two newly commissioned plants in jambusar in H2
- fy16-17 slight tapering of tax rates due to jambusar being in SEZ ( My take is this will be offset will be higher depreciation of two new plants )
What am I missing in Insecticides India? (30-10-2015)
There was already thread for Insecticide,why create new?
What am I missing in Insecticides India? (30-10-2015)
There was already thread for Insecticide,why create new?