@varadharajanr

On RM, let me clarify. I meant utilization, but used scale. Since Pokarna has significantly lower utilization than Caesarstone their fixed cost would form a larger proportion of cost, crowding out RM on a % basis.

On assets, while standalone financials (granite) mentions Quarry buildings, PES financials don't. So this almost confirms that they don't have own Quarries. My notes from last read of AR don't mention Environmental/pollution clearances. Will post if I find it.

It will be quite valuable to know the sold and processed square footage of granite and quartz for the last year. @sambath could you try to get this as well.

find out about

1. impact of crude
2. what's their model - is it cost plus or value to customer
3. do they get revenues from consumables or after sales/AMC
4. heard from a packaging expert that IML does not work well in FMCG's - works well only in paints, lubricants or large packs of FMCG -like cadburys high end chocolates. will this change and when will IML come to the mainstream
5. competitors and their actions in India
6. professionalization of company - my reference check said mold tek is still driven by lakshman rao and hence constrained by his bandwidth

thanks

Will be meeting management, let me know if you guys have any questions

they make Rs. 50-100 per ticket sold - irrespective of the cost. its not a function of ticket value but number of transactions.

@PP1

Infact, I can use the same data points to argue that this is the best time to buy - broad trends in nigeria are up - oil is not going to remain at this forever - in a 2-3 year time frame it will get back to normal (reversion to mean). As for china, as economies mature, their tendency to do foreign/domestic flying holidays ("wealth effect") remains quite robust and that compensates to some extent on the trade issues. Case in point, the stereotyped japanese tourist couple who you see everywhere - who are wealthy even though Japan as an economy is hardly growing.

Just my thoughts -

@ Sunny - I do intrinsic value / DCF calculation with the data of at least last 7-10 yrs finding from annual reports and if I find stock price at a discount of 30-50% below intrinsic value I buy it. It is little time consuming but then I follow it for most of my stocks. Yes before doing it I do a basic fundamental analysis and only after passing out the checklist of fundamentals I go ahead.