CFA Level 3 candidate, MBA Finance from Great Lakes Institute of Management, Passionate about equity research
Followers: 116,472
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PSP projects #PSPPROJECT Promoter buying decent quantities from last 4-5days 56,400 shares on 3days Guides for 15-20% kind of growth for fy23 maintaining the margins at similar levels Good return ratios Very low debt Good execution track record Healthy orderbook n backlog
Everest Kanto cylinder #EKC FY22: D/E at 0.1x vs 0.8x in 5yrs D/EBITDA at 0.1x vs 4.5x in 5yrs RoCE 37.4% RoE 34% Int coverage 34x Rev 1699cr vs 949cr EBITDA 392cr vs 173cr OPM 23% vs 18% PAT 265cr vs 95cr Capex: New capacity in Q2 will take care of H2 volumes growth
#RAYMOND #GOKEX #SPAL Some major beneficiaries Nevertheless, good news for India FTAs are v advantangeous to India Cotton prices have started dipping and are down 18% from peak Most of these used to pass on prices with 1-2qtrs lag Margins might gradually recover back
#REDINGTON Kya Raaz hai itna confidence ka? Take it,here is ur ans Consistent track record of revenue n PAT growth(3,5,10yrs) Dividend yield of >5% V good FCF generator V good RoE n RoCE Excellent WC mgmt N this is pumping? These r facts n trackrecord of comp speaks for itself
Redington #REDINGTON Confident of good growth in FY23 Much above industry growth India: Demand is very strong Not witnessed slowdown Overseas: Things can only improve from here Chip shortages easing Cloud: Big growth above inds rate easy with good margins Industry growth 20%
Interesting set of companies participating in Arihant capital conference: Raymond Vishnu Chemicals Pitti Hariompipe GHCL Sakar healthcare Mastek Heranba Chemplast Hero Tech Mahindra Dodla Wabag Ujjivan Bsoft IGPL IPL Dollar Talbros Coforge Windlas KPI Green Dollar industries
Chemplast sanmar #chemplasts Plant visit update by Motilal Current capacity 204ktpa Another 52ktpa caustic soda capacity Added 31ktpa of SPVC through bottlenecking in FY23 To add 41ktpa in specialty PVC resin EC obtained 360cr capex Custom mfg: Commercialized 8products
Raymond #RAYMOND AR 2022 Closed year at record high EBITDA n PAT 15% OPM 100th year-FY25 To be debt free by then All segments witnessing good demand n traction RE:TenX To handover 3towers in Dec 2yrs ahead of schedule 2nd proj-Address by GS 3-4BHK flats 30% sold out-5months
Chemplast sanmar #chemplasts IIFL sec upgrades with TP 960rs(144% upside) Initiated price hikes Improving spreads At 350$/t New capex plans on top of what is already under execution Clarity in next 2qtrs Cheap valns allow enough room for rerating Demand looks v stable
Allcargo logistics #ALLCARGO Lowest valuation on P/E compared to peers like Mahindra,gateway which hardly has any growth RoE, RoCE> 26% P/E 7x 5yr CAGR: Rev 29% PAT 32% FY22: Rev 20,072cr vs 10,498cr EBITDA 1518cr vs 643cr OPM 8% vs 6% PAT 926cr vs 173cr EPS 38rs vs 7rs
Vishnu Chemicals #VISHNU AR FY22 out Record year in comps history in terms of Rev,EBITDA n PAT RoE 34% RoCE 28% D/E⬇️ Higher volumes in existing n new capacities Vol+operating leverage Margin expansion for FY23 Industry leading growth No new capacities coming up globally
Redington #REDINGTON Edelweiss updates from mgmnt meet TP 198rs for 12m Diversified brand portfolio n geographical presence India specific growth momentum to continue Supply chain issues overseas Significant investment in cloud product n service offerings Inv in tech
Meghmani organics #MOL 4000-4500cr by FY25 once all capex benefits kick in TiO2 proces have cooled off to 105-110$ from 130-135 at peak 1st phase of capex to commision in Q3fy23 350cr rev to begin 22% margins 700cr rev once full capex kicks in Pigments 15-17% OPM sustainable
Action construction equipment #ACE Fy23: Guides for 15-20% topline growth Margins to expand to 11-11.5% conservatively Can b more if operating leverage plays out better 1900-2000cr topline range Demand robust New order from Ghana To b funded by govt 300cr rev potential-2yrs
DAM capital initiates on redington India #REDINGTON TP of 183rs Demand-solid in India, stable overseas Supply constraints easing gradually ProConnect growth to drive margin expansion Inexpensive valns Tax rate 25-26% from fy24 40% payout target 6.6rs div July 15th RD
Down 19.6% from peak pf value in Feb-March Was never on cash,never raised cash Never invested a penny in last 9-12mnths Hoping for this phase to pass Many stocks looking v good on valns after fall: Allcargo Raymond Deepak fert EKC SPAL Redington etc Caustic/sodaash makers
#DEEPAKFERT #GNFC Nitric acid prices continue to inch up further No new supply+good demand China+1 Better realizations+healthy margins Prices expected to be strong Record high(18/6/2022) Prices up 40%+ from March till June Main beneficiaries: Deepak fertilizers GNFC RCF-small
Deepak fertilizers #DEEPAKFERT Capex: Ammonia Q1FY24: will add new 5,10,000mtpa vs 1,28,700mtpa now TAN: Q2FY25:will add new 3,76,000mtpa vs 486,900mtpa now Nitirc acid proces soaring higher Big beneficiary Transition from commodity to splty Margin expansion Debt n pledge⬇️
Aster DM #ASTERDM To open 550 bed super special hospital in Trivandrum,Kerala 7th hospital in Kerala n 16th in India 500cr-estimated cost 1st phase with 350beds to b operational by FY26 4500+ bed capacity in India Gradually,return ratios r improving n many hospitals maturing
Vishnu Chemicals #VISHNU Finally, after 9months of relentless waiting, Vishnu Chemicals moves out of ASM stage 4 Into ASM stage 3 from Mon T2T no longer applies Though ckt filter continues to b 5% FY23 is gonna be v big vs FY22 with full effect of new capacity kicks in from Q1
CFA Level 3 candidate, MBA Finance from Great Lakes Institute of Management, Passionate about equity research
Followers: 116,472
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