Peter Bains, CEO interview.
Posts tagged Value Pickr
VP CHINTAN BAITHAK GOA 2015: Ayush Mittal: IDEA GENERATION (15-09-2015)
Ayush – Congrats on your well deserved success. Always learn lots from you! One of the most self-less folks I’ve met thus far.
Havells India Ltd (15-09-2015)
Invested today at Rs 263 for which I had to overcome a physiological barrier of bulk of my earlier investment at an effective price of Rs 33. My reasons are
1. Asset light nature of business . 2. Value of brand. 3. Return of capital is being maintained at a satisfactory level of 25% plus .4 . The company has been establishing new plants and aquiring companies to expand and introduce new products .I believe these measures are likely to have a positive impact on sales and profits over next two years .5. The earlier disastrous experience of the company in aquiring Sylvania Europe is likely to temper any reckless approach in these proposed expansions .Once bitten twice shy !
Page industries (15-09-2015)
Agree, it appears to be a bit weak. Since we are already into 6 months of FY16, may be we should look at FY 16 PE at which it is currently at about 54 PE (235 EPS approximately). Page can maintain around this level given its strong parameters of sustainability and predictability. Disclosure: I hold.
Page industries (15-09-2015)
seems to be very weak. continuously falling by about 2% every day. currently down by about 25% from 52 week high. still at 70 pe though. is the pressure due to some fund selling out?
How to find if Tax is paid by company properly or not (15-09-2015)
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
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