Of balance sheets and Tea !
Lets take the Business Wise audited financial results of 2015 for this analysis. Though this has been prepared for 15 months I would still like to use it as it as this would most likely be the result for 2016, apart from the KUONI deal. Businesses Performance for 15 months ending in March 2015. in…
Read MoreI was suddenly taken aback when Ajay Piramal said this, ” Please do not read the standalone statements and read only the consolidated statements. If you do so you will only be wasting your time.” While my CA instincts kicked in all i wanted to do was hold up a red flag, but then this…
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I initially bought into Piramal Healthcare as it was a cash bargain. At 360/- a share you actually got over 600/- of cash ( ignoring all the irrelevant stuff like management, brand company history etc 🙂 ). The logic was that even if Ajay Piramal lost/mismanaged or stole 50% of the cash, my investment would…
Read MoreIn its Q1 2015 results, CCL generated a profit of 30 cr of which, Vietnam generated 10 cr and the entire amount was tax free ! Now how do you like this for competitive advantage ? This has been generated by using about 75% of the companies 5000MT capacity, which means that the company will…
Read More“ The last few years performance was attractive, but what we could deliver may truly be exciting.” Welcome to MPS 2.0 When technology disrupts an industry there is major chaos, and where there is large spread chaos, there is opportunity. More than anything else, it matter which side of the disruption you are on. MPS…
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Moneymaking via the value investing method is no longer completely distinct from speculation, owning to the speed at which information is exchanged today. While the difference between fundamental analysis and chart reading is still as clear as ever, value investors can make money in their stocks via structured trading without sacrilege. These bets would thus make him a semi-investor…
Read MoreMPS has completed another eventful year keeping in line its funda to keep its employee cost at 40% or lesser of the sales value. The standalone business has generated a PAT of 61.44 cr and its subsidiaries have generated 1.62 cr in profit. Very Impressive. The results can be down loaded from here – http://www.adi-mps.com/Investors/InvestorsOverview.aspx…
Read MoreCheck out the annual results from here : – http://nbccindia.gov.in/nbccindia/nroot/njsp/Financials.jsp The Sector Wise results are presented below: In Cr Total PMC Real Estate EPC Capital Emp 1,338 (419) 1,071 120 Revenue 4,632 3,917 508 207 EBITDA 433 287 109 36 EBITDA % 9.3% 7.3% 21% 17.4% The government has conferred a “Mini Ratna” status to…
Read MoreCCL Products products has a global production share of 5-10% of the coffee produced.(including Nestle) WOW !!!! There is no seriousl global player who has not heard of them, let alone dealt with them. And if you look at the client retention ratio, and the growth of the company over the last few years, it…
Read MoreInitial Post on Zen https://biginvestorblog.com/2015/03/09/zen-technologies-practice-makes-perfect/ Zen just published their results yesterday. The jist of the results are as follows: Figures in Cr 2015 2014 Sales up 52% 70.54 46.35 Exepenses 59.91 47.34 R&D Expenses 13 14.85 EBIDTA 21.94 2.36 Interest 2.13 2.47 PBT 19.81 0.08 Tax 24% 4.87 0.00 PAT 15.73 0.06 No of…
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This is another investing book written in the 1900. Super meaty and one of those that can be re-read every once in a while. This book was originally published in the 1930s with updates every 15-20 years. I consider myself a long term value investor but Gerald Loeb puts forward an excellent case why long…
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Godrej Properties has “first refusal rights ” for the 4,000 acres that Godrej Industries has in the mangroves of Vikhroli. Of this, Godrej Industries and Godrej Properties had an LLP for 35 acres, in which 28,00,000 sqft was to be built. The built up area was to be shared in 60:40, 40% being Godrej Industries’…
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I’ve recently developed a kind of fetish for business books written in the early nineties. Not only do they read like prose, but also because there views are slow and definite and not mere rants. Money Game by Adam Smith is an immensely enjoyable read. Get your hands on one. Many shall come to honour…
Read MoreI hail from a family involved in the business of real estate and i have almost always had a bad taste for this business as I thought it was a business that represented the epitome of greed and irresponsibleness of our society. I was once in Singapore with the management of a company called Far…
Read MoreThomas Cook allotted 1.827cr equity shares in lieu of 18.27 lakh preference shares to its promoters taking the promoters equity stake in the company from 72.9% to 74.7%. The total shares outstanding in the company today are 27.27 cr of Re1 each. http://www.bseindia.com/corporates/ann.aspx?scrip=500413%20&dur=A Stepping out of the preference cover to take on risks and rewards…
Read More“PRACTICE MAKES PERFECT” This is a quotation that almost everyone will agree with. When you are defending the country, the importance of this is almost unchallengeable. Zen Technologies makes SIMULATORS, for the Armed Forces, Air Force as well as the Police. They started of with simple driving simulators and today make a huge range of…
Read MoreConsolidated Results Q3 results in Cr Informal Education Formal Education Total (excluding auto division) CapEx 174 159 335 Revenue 19.55 (2.93) 16.62 Results 4.64 0.83 5.47 Finance apportioned based on CapEx (0.64) (0.60) (1.20) Expenses Unallocated apportioned (0.65) (0.61) (1.26) PBT 3.35 (0.38) 2.97 The management expects the company to cross a revenue of 70…
Read MoreQ3 in cr Pharma and Manufacturing Financial Services Information Management Unallocated Total Capital Employed 3221 9202 4293 (4607) 12110 Revenue 802 219 377 1398 Profits as reported -5 162 132 47 346 Profits without exceptional -5-2+34-18=9 162 132 47 350 Finance Cost -95 PBT 241 The Pharma and Manufacturing business has finally turned cash positive,…
Read MoreThomas Cook has been time and again dissected and written about by Prof. Sanjay Bakshi. I can dare to say, his reports are probably the most convincing reports ever. His style of story like writing is rare and extremely enjoyable to read. Whether one agrees with him or not, his reports are deeply satisfying and…
Read MoreAjay Relan refers to Career Point as a “fallen angel” and he expects this angle to fly again in the near future. He loves it as it is service based, has a brand name, is a B2C business, operates in a recession free industry, generates massive cash flows, can scale without significant capital investments and…
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