Travelling. Am aware some answers are pending from my side, should be able to respond properly in the next few days when I am back
Posts tagged Value Pickr
Ujaas Energy – Value Migration to Solar Power (01-09-2015)
The AR is out. Download Link
Key points:
1) Board has given approval to raise upto 500 Cr through equity/equity linked instruments. AR states the possible routes could be – ADR, GDR, FCCBs, NCDs, FCDs or direct equity.
2) The Company has made investment in the following foreign subsidiary Companies:
– Ujaas Energy Limited (Dubai)
– Ujaas Energy HK Limited (Hong Kong)
– Eizooba Energy one Limited. (Uganda)
Don’t know what these investments are about. Could be asked in an investor concall.
3) ESOPs scheme is being implemented. This is a good sign, shows that the promoters want to reward employees.
4) Debt down from 132 Cr to 110 Cr.
5) Key management personnel took a pay cut of 69% during the year due to poor financial performance of the company.
VP CHINTAN BAITHAK GOA 2015: Donald Francis: INVESTMENT JOURNEY/PHILOSOPHY (01-09-2015)
Hi Girish,
I think we should give everyone free space. Let’s follow the SEBI rules not only in word, but also in spirit. With the kind of knowledge, wisdom and fan following some seniors at VP have, and considering the small free floating capitalisation of some stocks they look at, they might as well come up with self-fulfilling prophecies – so far we’ve witnessed some on the upside.
Screener.in: The destination for Intelligent Screening & Reporting in India (01-09-2015)
Ayush,
Quick suggestion. Please look at Value Line that is US based stock database publication. In one single page they give lot of details on single stock. very useful. You may get some good ideas from that. Please see if you can eventually create online Value Line equivalent for Indian stocks 
Great effort and I appreciate your good work.
VP CHINTAN BAITHAK GOA 2015: Donald Francis: INVESTMENT JOURNEY/PHILOSOPHY (01-09-2015)
Donald,
You said
“Now the challenge is to see of the Bull Market successfully – stay away again from GREED and FEAR”….
So right. Many will relate to that. Our real test is gonna be in the coming Bull market. How do we behave? Do we leave the party before midnight or become pumkins because we don’t. Warren Buffet gave nice parable on this in 2000 before dot com bust. I agree that if we come out of this Bull market intact then we may be set for next 30 years. We have done well in bear phase so well. Those who do not try to get last Rupee out of next bull rally will live to tell the story and play another day. This is where community support and guidance from seniors gonna be very very important. Hope they help us all cross to the other side.
-Girish
Ambika Cotton Mills (01-09-2015)
C Bhavnani who owns 38% stake in the Company is the wife of Mr Chandran. This is confirmed by the annual report of Ambika for FY15 – http://www.bseindia.com/bseplus/AnnualReport/531978/5319780315.pdf
Key points from AR
- Management is bullish on growth prospects – as was disclosed in the results, Company plans to setup another spinning unit of 30,000 spindles with 100% compact facility consisting of imported and indigenous machinery, with total cost of 130 crores. This will be largely financed by internal accruals
- AR says that specialty cotton yarn does not closely track economic growth, and is consistently growing. Company continues to have good demand for its products, and continues to strengthen its production base by modernization and adding balancing equipments
- Management focus is to maximize per spindle EBITDA, which as we know is one of the highest in the industry
- Export % of sales have been reduced from 65% in FY14 to 59% in FY15
- Long term Debt has been reduced from 61 crores in FY14 to 16 crores in FY15, and Mr Chandran is focused on working with minimal or no debt
Shilpa Medicare -Racing away on the Oncology API highway! (01-09-2015)
Shilpa Medicare FY15 Annual Report is now available at http://www.bseindia.com/bseplus/AnnualReport/530549/5305490315.pdf
Some interesting points in the AR based on preliminary review:
- API facility at Raichur and Formulations facility at Jadcherla have received approval from Mexico, Brazil and EU authorities. USFDA approval for both is still pending (both plants have been inspected by USFDA in FY15)
- Anticipating an increase in demand in the current year – so oncology formulation and API manufacturing facilities for few products have been expanded significantly
- Significant capacity expansion showing in CWIP which has doubled from 110 crores in FY14 to 220 crores in FY15
- R&D spend is 28 crores for FY15, 4%+ of sales and 30%+ of net profit. R&D is yielding encouraging results – projects of 5 products transfer executed successfully; other projects of 8 products have been completed and ready for transfer to plant;
- 10 new molecules have been taken up for development considering future demand
- 4 DMFs filed in US have been applied for in EU-CP, EU-DCP, EDQM-CEP, Health Canada, New Zealand, and Australia
- 11 International Patent Applications (PCT) were received, and 15 Indian patents in FY15; So total number of patents now more than 115+ (100 in FY14 AR)
Premco Global — Narrow Fabric (A critical component for inner wear) (01-09-2015)
From Annual report:
1. Company has accepted deposit from relatives of Director& Associate Enterprise amounting to Rs. 487.00 Lacs in contravention with the provision of Section 73 to 76 of the Companies Act, 2013. The same has been fully repaid within the current year and the outstanding balance as on 31st March 2015 is Rs. NIL
Why would the company not be complying with requirements of Companies Act and RBI rules for accepting deposits?
2. The Company has appointed Company Secretary on 30th March 2015 and could not complete the formalities of her appointment as she left the services effective from 8th April 2015.
Does it mean the Company secretary left the job in 9 days?
Vardhman Acrylics – A hopelessly undervalued stock (01-09-2015)
Anybody attending AGM on 4th Sept ?
POKARNA LTD ( Stock opportunities ) (01-09-2015)
Hello all,
I am new to this forum, to apologies for any amateur comments. Thank you all for making this forum to insightful and especially this thread. I have been studying Pokarna for the past few days and really think the intrinsic business of the company is extremely robust. This is further supported by me reading of all your posts. Inspite of the 2 year run up of the stock, the company appears to be trading at compelling valuations. Two things however are keeping me from investing into the stock as per my reading of the 2015 AR:
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As soon as the company posted a decent set of results, the promoters have immediately raised their remuneration limits to the maximum possible. Remuneration to directors increased from 68 lakhs to 288 lakhs. I am not saying that the management does not deserve this (even though I don’t understand the rationale of hiring Mr. Apurva Jain and directly making him a director)
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There are dues worth > 60 crores to Pokarna Fashion, Pokarna Fabrics and Pokarna Marketing (all are associates of Pokarna). These are currently shown as currently liabilities but optically they appear to be cookie jar reserves kept in the company by the promoters. So whenever the company makes good cash flows these liabilities will be paid off.
All in all – my only concern about the company is whether the management is shareholder friendly and whether they will try to take a big slice before any returns trickle down to the shareholders
I do understand that Management owns ca. 56% in the company to my concerns are alleviated to some extent. But if anyone can offer some more insights into this it would be extremely helpful.