Cross check taxes paid in income statement with taxes paid in cash flow statement. If taxes are paid at the usual 33% +/- few bps then it is not a problem. If there are variations we need to dig into further as to what is the reason. I usually start this way as if there are differences i try to find out is there any particular reason like SEZ or plant in a tax free zone. Then how much more time till the exemption stays. Usually the tax rate difference is the trigger. Apart from this commercial softwares for fundamentals can also help to screen companies with a lower tax rate
Posts tagged Value Pickr
How to find if Tax is paid by company properly or not (15-09-2015)
Hi Karan,
Many times we see that cos pay less tax than usual corporate tax of 33%. Where to dig in to find low taxes paid by any company. I mean where can we find tax rebates and its details for any firm.
Thanks
KRBL- The King of Basmati rice (15-09-2015)
Indeed, I invested in LT foods along with KRBL, because in the Supermarkets, the Daawat and Kohinoor brands have a) Better and more premium packaging b) Better Shelf Space c) Better Customer Recall and d) Higher Pricing
However, the price action has deviated from this, because I bought KRBL around 42 and at around the same time LT Foods at 80. Similar sort of PE ratios too. And KRBL has given much better returns. Just tells you that financials are important too.
VP CHINTAN BAITHAK GOA 2015: Ayush Mittal: IDEA GENERATION (15-09-2015)
Hi @rupeshtatiya,
We have automated several things at www.screener.in by which tracking of companies becomes easy 
One should create a watchlist for his companies and he will get the updates. Similarly one can create screens and get email alerts
Personally, my short coming is that I don't write much but somehow its there on my mind. But as I'm getting older, I also tend to forget and have started preparing notes
Not that I can always make it out but usually the movements have to be logical - i.e.. if the company has posted good results or some positive development has happened then its natural for stock to go in upper circuit. So you have to think and co-relate.
@desaidhwanil thanks for the kind words. I quite get inspired by the crisp analysis that you do. Lots to learn from you.
@karanmaroo No, I'm in 30s now 
Regards,
Ayush
VP CHINTAN BAITHAK GOA 2015: Ayush Mittal: IDEA GENERATION (15-09-2015)
Hi @sta,
GRP - the co had all the excellent things one looks out for - like - they were and still are leaders in reclaimed rubber industry (India's biggest player and globally 3rd biggest), the promoters are excellent (highly qualified, passionate and honest), fantastic past track record (since 2000 the co grew consistently @ 25% CAGR with about 18% OPM and 30% ROCE). But several things went wrong and today the company is struggling on the financial performance. I think it didn't work due to the change in competitive landscape (perhaps the entry barriers were not strong).
Arex - what we find interesting here is the cash earnings generated by the company (they provide a very high depreciation). And when we had bought it was providing a high dividend yield....so there was nothing to loose. The negative is that the business doesn't seem scalable.
Regards,
Ayush
Hitesh portfolio (14-09-2015)
Thanks. Will do a detailed analysis.
Indocount notes from AR (14-09-2015)
The stock seems to have given superb returns..its a 35 bagger in the last two years...from around Rs 26 in Sep 2013 to CMP of Rs 894....how does this stock compare with that of Ambika Cotton ?
Cupid Ltd – Helping the world play safe! (14-09-2015)
One interesting fact to note about Female Condom Market. I was under impression that the Female Condoms sale will be going upwards globally. But if we see the sales of the closest competitor of Cupid (FHCO) I find that the sales are declining Year on Year for them. Also the stock price also plummeting since 2013. I found out that the company stopped paying quarterly dividends to do the acquisition of other players and due to that sell off in stock price happening. Link .
There may be few things for this decline in Female Condom sales for this company
1. The company is facing tough competition from the competitors in the Global tender market(Cupid), but again their product is different polyurethane vs Cupids which is Natural Latex
2. The pressure may be there on the company(FHCO) due to currency fluctuations. They are having plant in Malaysia
If the first point is valid then we will be having a stellar growth rate for Cupid.Views invited.
Again, the recent presentation from FHC states that the Global Condom Public Health market is $400-500 Million. Link
Disc- Not Invested, On radar
Heritage foods (14-09-2015)
In Telengana / Hyderabad the govt promoted milk cooperatives Amul, Mother's dairy , Karnatakas Nandhini seem to have joined hand to achieve multiple motives.
1) Political vendetta to squeeze out Mr C.Naidu promoted Heritage.
2) Unfair subsidization in milk purchases offered by the govt to cooperatives . To the point where private players can't compete with price. Resulting in Cooperatives getting market share/cornering the market by unfair means
Questions on impact on heritage foods
-Has Heritage completely exited telengana?
- Is the large 3500cr Hyderabad market out of bounds to Heritage foods?
VP members from Ap / telengana please provide your valuable inputs.
Larger question
Can this kind of cooperatives push/cartel spread to other states like Tamil nadu ? Team up with local cooperatives like aavin to stop the private dairies like hatsun from gaining market share?
VP members following the dairy industry please provide your inputs.
Disclosure : Not invested in heritage or hatsun.
Hitesh portfolio (14-09-2015)
hi sri krishna,
de mergers could be a starting point to investigate the company for a possible high return story. But it will need detailed homework and analysis of different scenarios to come at an investment decision. I havent yet looked at arvind de merger story so not much idea about that.
If you have got the details worked out then you can start a thread on the same and get feedback from guys tracking it.