“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…
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All About Moats -by Pat Dorsey – Book Summary
Summary of Pat Dorsey’s book, ” THE LITTLE BOOK THAT BUILDS WEALTH”. The knockout formula for finding great investments. Pat Dorsey’s little book THAT BUILDS WEALTH THE GAME PLAN: IDENTIFY businesses capable of generating above average returns over many years. WAIT until they begin to trade at OR below their intrinsic value. HOLD…
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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