When you say real estate, the first thing that comes into mind is black money and if you are worldly wise, the word “cheat” will be a close second. However, say “Godrej Properties” and a picture of a well made township flashes through your mind.The other two culprits are not even close. This is pretty…
Read MoreAstra Microwave – Q1 updates and AGM comments
Hyderabadi AGMs are a mix of company procedures and weddings. Every AGM is accompanied by a grand lunch and a return gift if you may 🙂 Sometimes i wonder if it would be better to hold the meetings after the AGM’s so that all the “speech givers” can return home and leave the meeting to…
Read MorePiramal Enterprises – 2014 AGM update
When i walked into the PEL AGM it seemed like an ultra simple affair without much hoo-hah, until i looked at the Board. The best of the best were patiently sitting there. Â Ajay, Swati and Nandini Piramal, Keki Dadiseth, N.Vaghul, and Ramadorai amongst others i couldn’t recognise. Partly intimidating, but mostly gratifying. Despite the big…
Read MoreRS Software – FY 14, AGM and Q1 2015 – Comments
RS has had a great run ending the year of 2014 with an diluted EPS of 42.85. While this is fantastic news, we will have to see if the story of the future is still as fantastic as it was last year. The payments industry worldwide is controlled by Visa and Mastercard with over 88%…
Read MoreCCL Products – Problems of Plenty
They say that people can be divided into four categories, employees, professionals, businessmen and investors. Each of the above have unique traits and people in each of these categories have very different lives and mindsets. CCL’s ex MD is a thoroughbred businessman and an entrepreneur. His lifespan covered starting of the business, growing and…
Read MoreRS Software – Cash in on Digital Payments
Read their annual report – It is crazy  rs_software_ar_2012-13_2 CMP – 243 MCAP – 309 cr 52w high/low – 250/120 No of shares – 1.28 cr ( further issue on cards ) Promoter holding – 38.5% un-pledged Fundoo Investors – Dolly Khanna 3.29% Story: Back end payment processing for Visa Big on digital currency…
Read MoreNBCC – FY 14 – Results Discussion
Please read the annual results here : Â NBCC FY 14 Results With 81% revenue from PMC and 16% from Real Estate business, NBCC wrapped up the year with a consolidated sale of about 4,098cr. When you look at the margins, they are quite healthy and going by the MD, Mr.Mittal, they will get better. PAT…
Read MoreMPS Ltd – FY 2014 Results Discussion
Initiation Call  http://biginvestorblog.com/2014/01/07/mps-initiation-dec-2012/ Q3 results discussion  http://biginvestorblog.com/category/stock-ideas/mps-ltd-stock-ideas/ Nishith Arora has systematically turned around the business with ease and panache. He has framed rules of keeping employee expense under 40% of sales, done away with expensive locations, kept only Dehradun as the only option of expansion, concentrated on increasing services in the geographies he is already…
Read MoreNBCC LTD – Govt play in Real Estate
“Modi wants to build a 100 new cities in India.” “Modi wants to focus heavily on the North East.” “Modi wants every Indian citizen to have a house by 2020.( Low cost housing)” “Modi wants to look at reducing Tax Terrorism and look at other areas to fund growth of the country.”…
Read MoreAstra Microwave Products Ltd – Counting Stars
Astra Microwave has been around for a while now and has garnered respect and patronage from various Defence, Space and Telecommunication outfits in India. The company has invested a lot of time and energy between 2008-2012 developing various products and is miles ahead of the competition in a host of products. After concentrating majorly on…
Read MorePiramal Enterprises FY2014 – The Genius Partly Revealed
While the Media has been focusing merely on Piramal’s cash pile, and have rather been supremely obsessive about it, Ajay Piramal has had most of his investments show green shoots already. From approval of 2 drugs by the USFDA and the EU and IndiaREIT growing to manage over 7,500cr the media has missed a lot…
Read MorePiramal Enterprises – FDA Approves Florbetaben
Piramal Imaging ( Subsidiary of Piramal Enterprises) has made two major acquisitions, BST CarGel for 30cr in 2011 from BioSynTech and a molecular imaging Portfolio from Bayer in 2012 for an undisclosed amount. CarGel received approval in the EU in 2012 and is still awaiting approval from the FDA. For an acquisition price of 30cr…
Read MoreHeritage Foods – Ready for milking
Heritage operates in 3 business segments: 1. Dairy and Vaule added Products 2. Retail Super markets 3. Agri Products and Bakery IN CR DAIRY RETAIL AGRI AND BAKERY 9M2014 12M2013 9M2014 12M2013 9M2014 12M2013 Revenue 994 1268 278 326 53 44 EBIT 80 109 -16.8 -21.94 -0.94 -3.8 EBIT Margin 8% 8.5% -6% -6.7% -1.7%…
Read MoreMPS Q3 FY14 – Lessons in Marginal Costing
Very often reputed companies get so burdened with their own ego and comfort zones that they begin to choke their margins unknowingly and if not rescued in time, die ! Some however meet people like Nishith Arora who not only bring these companies back to life, but make them super healthy. MPS has had…
Read MoreEicher Motors – Prancing Around
creating emotional attachment and rabid obsession with the royal enfield WB said own a brand and you own a piece of the consumers mind. Eicher has gone beyond that and has created, maintained and promises to explode a CULT in the Indian Motorcycling Enthusiasts. Taking advantage of heritage and purely fuelling testosterone these bikes have…
Read MoreTVS – The free ride is over
There is a lot a hoo-haa about TVS in the market as its been a market performer. The stock price has soared, but does the company have the capacity to become the next Eicher Motors ( as per Saurabh Mukherjea of Ambit Capital) ? I’m not so convinced. Bajaj owns 49% of KTM –…
Read MoreCCL Products Ltd – Q3 2013-14
CCL Products Ltd has come a long way from being a contract manufacturer of Nestle to a preferred partner to global coffee giants. With its 30,000 MT annual capacity it not only has become the largest processor of coffee in Asia, but has also become one of the cheapest ones. With plants in Duggirala(Andhra Pradesh),…
Read MorePiramal Enterprises – Awaiting a PE re-rating
Instead of a little footnote at the bottom of my post saying that i’m an interested party, I’d like to begin by saying that i’m totally interested in Piramal Enterprises and an ardent admirer of Ajay.G.Piramal. I bought into the company at Rs 360 when a back of the envelope calculation reveiled cash per share…
Read MoreMPS Ltd – Initiation Dec 2012
Publishers Man Friday Major publishers shift concentration to content creation and outsource all allied functions to prep for the digital age. – DEC 2012 Over the 42 years of dominant presence, MPS has evolved to be a trusted partner of publishers at every stage of the publishing process. With publishers wanting to focus on real…
Read MoreMPS Ltd – Updates Dec 2013
UPDATES – DEC 2013 MPS has relocated a 400 staff to Dehradun and has a capacity of 1000 people without additional CAPEX. The cost arbitrage has already begun to kick in as this will be the centre for most of the new hires. There is no CAPEX required for the foreseeable future. R&D expenses on…
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