Will double sourcing, suppliers from India by 2020: Ikea
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Posts tagged Value Pickr
Thomas Cook India-Will it move like Warren Buffet Stock (27-08-2015)
Competition Appellate Tribunal has set aside the CCI penalty of Rs. 1 Crore to Thomas Cook Ltd. with regards to acquisition of Sterling Holidays Ltd.
http://www.moneycontrol.com/news/business/compat-sets-aside-cci-order-against-thomas-cook_2765421.html
Alembic & Alembic Pharma (27-08-2015)
On celebrex patent search, i got this on wiki
It is legally available in many jurisdictions as a generic under several brand names.
In the US, celecoxib was covered by three patents, two of which expired May 30, 2014, and one of which (US RE44048) was due to expire December 2, 2015.
On March 13, 2014, that patent was found to be invalid for double patenting.
Upon the patent expiry on May 30, 2014, FDA approved the first versions of celecoxib generic.
As per there recent concall, management was talking about launch of celebrex in December this year, [he was like we will be there on day 1 though he was not sure of date]
So he might be talking about this patent expiration.
US RE44048 patent
Issued: March 5, 2013
Assignee(s): G.D. Searle LLC
Patent expiration dates:
o June 2, 2015
TREATMENT OF PRIMARY DYSMENORRHEA, JUVENILE RHEUMATOID ARTHRITIS, ACUTE PAIN, ANKYLOSING SPONDYLITIS, RHEUMATOID ARTHRITIS
o December 2, 2015
Pediatric exclusivity
I think alembic will be targeting pediatric population.
I may be wrong at arriving this conclusion, seniors n fellow VPs ur views needed
Disc-invested from lower levels.
Ashiana Housing – Banking on Tier II and III towns! (27-08-2015)
Yesterday was the AGM. Did anyone attend? Any updates?.
Indianivesh has comeout with the update after Q1 results. Can be found here.
Ramkrishna Forgings (27-08-2015)
Already mentioned that call highlights by Capital Mkt.
Atul Auto Limited (27-08-2015)
With 110Cr capex planned for next 2 years seems there will be no FCF for next 3 years.
Current auto sales of 42K units generating profit of 42Cr.
For generating 85Cr of profit company will have to sell around 84K units which will be possible only when ahmedabad plant is fully operational which seems may take around 3-4 years and given that industry dynamics remain good.
Assuming company doubles it sales to 84K in 5 years CAGR comes around 14.5%.
The current valuation of 22PE seems somewhat on higher side.
Disc : Holding
Ramkrishna Forgings (27-08-2015)
Can you please share the source of con call ...thanks
Alembic & Alembic Pharma (27-08-2015)
Hi Rohit,
Please find below the date of approval for the generic players for gCelebrex:
The good thing about gCelebrex is its a pretty big molecule and still there are limited players in the market for it. I am not sure on the price erosion front but given limited competition, I dont think it would be more than 40 - 50%. May be we can go through Lupin concall and get the data if available.
Fluidomat – Where perfection meets technology (27-08-2015)
@chiragjain1976
Yes, But if you see the figure 40lacs annual salarie may not be so high for CMD. Isn't it?
Is there any regulation?
Triveni Engineering – Special Situation- Loss making business hived off (27-08-2015)
Triveni group has strong tie ups with industrial sector and with General Electric for technology and exports.
Triveni Engineering has announced demerger of its loss making sugar & allied business, along with all related assets and liabilities into a separate entity.
Market Cap - Rs.600 Crores,
CMP - Rs.22
Debt - Rs. 1258 Crores (mainly owing to sugar business working capital)
Holding in Triveni Turbine Ltd (@21.8%) = ~ Rs.700 Crores
Shareholder having 1 share of Triveni Engineering will receive
- 1 additional share of Triveni Industries Limited . The loss making sugar business Triveni Sugar Limited having a turnover of ~Rs.1900 Crores will be a subsidiary in this business.
What is interesting, of course is the Engineering business that remains. Make in India and strong relationship with GE at the start of the capex cycle should provide a good upside with low downside.
FY 2015 Engineering business
Sales - Rs.300 Cr
PBIT Rs.25 Crore
Order book of 600 Cr+ (mainly in Water business)
Gears business
- Tie up with GE Lufkin
- 60% market share uses technology from GE for higher power gears
Excerpt from BSE Announcement : The major boost in exports is expected to come from the sourcing drive of major OEMs including from GE–Lufkin, GE Oil & Gas and the business is having good enquiries under this arrangement.
Not strictly comparable but Triveni Turbine which has similar arrangement with GE is quoting at 5 times Sales
Water business
This business is focused on providing world-class solutions in water and waste-water treatment
to customers in industrial and municipal segments.
Latest management update link below
http://corporates.bseindia.com/xml-data/corpfiling/AttachHis/CBF4485D_438B_4442_864B_8EABC12D5A5A_202049.pdf
Views invited for forming a better opinion on this special situation.
Disc : Invested @ Rs.24