Hi Harsh,
I have looked at the Receivables of Shilpi in FY 2015 and for the previous years.Most of it is unsecured in nature and considered good but the strange thing is that it has’nt recorded any Provisions unlike its peers, which for me seems quite an aggressive accounting practice.
Posts tagged Value Pickr
Shilpi Cable Technologies – at 2 times PE definitely worth a look! (08-10-2015)
Cafe Coffee Day – Will you Date? (08-10-2015)
But the amount raised through ipo is used only in coffee business outlets which is a positive sign and also debt which has been a roadblock to its profitability is been given due concern by a promoter ..
Also it’s market share is much higher than its competitors .
So can’t it overweight the negatives of poor capital allocation and running other businesses .
I would like to know whether the company is worth investing at this price by the knowledgeable contributors of this forum .
Disclosure – Thinking to apply in ipo
Vivek Gautam Portfolio (08-10-2015)
Vidhi is operating in the lucrative food color segment.Please go through a recent Edelweiss report freely available on its site.https://www.edelweiss.in/research/Vidhi-Dyestuffs-Manufacturing-Ltd–Expanding-for-the-Future;-Visit-Note/10006419.html
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Eicher Motors (08-10-2015)
updates on Green tax and traction on VC volumes during Sept
http://www.moneycontrol.com/news/business/trucks-to-pay-rs-45cr-green-tax-per-day-eicher-motors_3481021.html
Any views on Man Infra (08-10-2015)
i got your point.
after posting the thread….i came to know the right way.
Anyway thanks for the guideline.
I will close the thread
Any views on Man Infra (08-10-2015)
@mahesh112 with due respect to you, this is not the VP way of initiating a new thread, please look at the recent threads of Vidhi Dye stuff or Deccan cements, Cafe Coffee Day etc. where the members have opened a new thread in a comprehensive way. I suggest you also do similar kind of work before you seek other’s opinion. Lot of senior members are there who would be willing to help if you have done your part correctly. Thanks.
Any views on Man Infra (08-10-2015)
Hi,
I’m new to market.
I bought man infra@39.40.
Any view please
Astral polytechnik ltd (08-10-2015)
I recently was doing some scuttlebutt and speaking to some industry insiders in the plywood sector. The view is that real estate is in very bad shape in West & North of India and moderate / stagnant demand in East & South. It is definitely impacting the offtake of products. Housing for all and smart cities have not yet picked up demand on the ground.
Cafe Coffee Day – Will you Date? (08-10-2015)
No, I won’t date here as I cannot two time my existing partner CCL Products 
Anyway, seriously, at 1 billion USD valuation and a PAT of 80 crore as per your above post, it is straight away getting 70 PE? While strictly not comparable, CCL Products is available at 15-17 times FY17E EPS of 14-15 and 24 times FY16E 10-11 EPS.
However, India is a predominantly a Tea drinking country as so far we did not have this coffee culture, westernisation thing not yet penetrated broadly. I myself in my 20s felt aspirational drinking coffee in a Barista or Coffee day so with Indian demographics in support the coffee culture is going to explode and market opportunity could be huge.
After reading the above post, I personally would stay away from this IPO as the capital allocation strategy is not encouraging and so is the company’s stake in unrelated fields. Also, the business is real estate intensive. For coffee culture, you need to be present in HIGH cost locations with appealing interiors etc.
My richdreamz portfolio – visit my portfolio to learn together! (08-10-2015)
I too am from Hyderabad. Would like to get in touch , to share and discuss ideas. Let me know if you have some time. My mail id is skotte@gmail.com