Saturday, September 13, 2014

Control Print - Printing Their Own Way To Glory



Utilizing close to two decades of experience in the Coding & Marking Industry, Control Print has developed a philosophy that consists of partnering with the leading global players technologically. The company utilizes their unsurpassed local manufacturing infrastructure and highly motivated skilled workforce to provide the best engineered and most cost effective products and solutions for the entire range of manufacturing industries which include Automotive, Agro-Chemicals, Metals, FMCG, Pharmaceutical, Food & Beverage, Wire, Cable, & Pipe, Construction Materials, and Commercial Printing.

With company's extensive nationwide coverage of more than 120 well trained sales and service engineers, 9 offices, and 60 back end staff, Control Print provides the highest levels of pre and post sales support for a consistent, reliable, high quality customer experience.

Control Print Limited has two modern manufacturing centers located at Vasai, on the outskirts of Mumbai, and Nalagarh, Himachal Pradesh. Aesthetically designed and fully equipped, these facilities are complete with all the necessary support tools, services and amenities required to ensure the highest quality of products and services consistently. In addition to manufacturing capabilities each center has comprehensive service training facilities for external as well as internal customers.

Solutions Provided:
1) Continuous Inkjet Printer
2) Large Character Printer
3) Hot Roll Coder
4) Thermal Transfer Overprinter
5) Laser
6) Consumables
7) Digital Printing
For details, visit http://www.controlprint.com/solutions.html

Strategic Partners:

1) KBA Metronic:
KBA-Metronic Aktiengesellschaft is a medium-size technology company which specializes in the development, design, production, marketing and service of printing and coding systems. Metronic AG is also a leader in patented innovation.

2) Macsa:
Macsa has an impressive history with more than 90 years of experience, and to know its history, one must go back to 1908 when the company Framun located in Manresa (Barcelona) set up the manufacture of rubber stamps. A few years later, this company started to distribute machinery and consumables for rubber stamp manufacturers all over Spain.

My Views:
Thanks to some of the viewers of this blog, that I came across this company, and was highly impressed at the first look itself. Later on, as I kept studying the details, I found it more and more attractive, with lots of potential seen ahead for the company. Currently, they are operating at a very small level, but are expected to keep growing and achieve greater glory in future.
In the process of studying itself, I found stock appreciating from 140 to almost 200 levels, but I still feel, it has plenty more to achieve.
The company is virtually debt free, plus management has been paying very good dividend over the years.
The company has been growing at a CAGR of 15% in sales and 43% in net profit. Over the years, the company has been able to maintain very good net profit margins and last year, they were able to see it at 15%, which is generally considered very high for company with market cap of meager 176 Cr.
Last year, the company posted an EPS of 15.55 annually, which accounts for P/E ratio of 12.5 at current market price. The Q1 numbers for FY'15 were attractive enough to boost our confidence in the company, and expecting it to grow very well in all parameters this year.
The company is trying to mark its presence is entire sub-continent, with company completing the registration of its branch in Sri Lanka and is currently under the process of obtaining other statutory registration for the branch to be operative, as seen in notice of FY'14 annual result.
The balance shows a good growth as far as company's fixed assets are concerned which is another good sign. I am expecting the company to post annual sales of 110 Cr this year, with net profit of close to 18-20 Cr.
Since May 14, the stock price has almost tripled from 65 to 200 levels or so. Hence one can make entry based on his/her risk profile, and according to what one feels is the correct price to enter.
I feel the company should keep growing at a good pace, and price should follow.

Off-late, I have seen plenty of stocks getting appreciated very quickly and giving returns in excess of 100% within few months. I hope such experiences do not change the entire concept of long term investment in the mind of investors. When I say, long term, it still means, that I am talking about an investment with a time frame in excess of 2 years, with a constant check on the updates from company time to time.

129 comments:

  1. Hi Kunal,

    Congratulations on this perfectly researched company. I believe this would reach much bigger targets and heights in few months down the line. However, I would like to point that in the same Annual Report under MANAGEMENT DISCUSSION AND ANALYSIS section d) "Other Highlights", you missed out the key point "The construction work for setting up Manufacturing Unit at Guwahati, Assam is in process.
    The necessary statutory approvals for commencement of construction have been received
    and the plant is expected to commence production by first week of October 2014". Hence, if you take this into consideration the sales are going to grow more than 110 cr for the year as its a completely new manufacturing unit and the EPS also should rise exponentially...please look into it to throw some more light on future valuations....

    ReplyDelete
    Replies
    1. Thanks for adding that point... Missed here...
      But no change in estimates for now. It will taken as and when it starts delivering... :)

      Delete
    2. Only concern may be CMP !!! As the stock has run too fast in the recent three months' period and entry price is very important !!!! But long term seems to be good !!! By the way, who are the competitors for Control Print ? Can you name them ?

      totalview

      Delete
    3. I think most of the competitors are international brand who have their branches in India...
      Among the listed names in India, I could only see UFlex, who has somewhat matching business, else are small players....
      Didn't gather much data on that..

      Delete
  2. hi kunal
    good stock pick...
    can it bought at current level.??...
    i asked u abt ur view on lawreshwer poly..pls give ur valuable view on lawreshwer poly and secondly on panchsheel organic..promoters hav bought 3.5 % stake in one month...pls giv ur valuable view on this stocks..

    ReplyDelete
    Replies
    1. Lawreshwer seems good, but still not studied enough to give you any conclusions..
      Will need some more time..

      Delete
  3. Hi Kunal,
    The consistency in the stocks mentioned is superb. I am a late entry , but your presentation is good. Not only that, the selection is fundamentally strong.
    Flex foods is great.
    Just let me know one thing. If a stock is doubled, do you sell half of them or continue to keep?
    Thanks in advance

    ReplyDelete
    Replies
    1. It depends on my need....
      I am a working professional, so I am always in need of money... :)
      Profit booking is normal for me, but when and of which stock with how much returns, depends on the situation of company with that given price...
      If you read my previous messages, I have always avoided questions on allocation to stocks, and profit booking activity. It is always subjective to the person involved. And its difficult for me to understand the risk profile of someone else. Hence mostly, I avoid... :)

      I am here just to share my research picks with everyone, which is my passion.
      To invest or not to invest or to invest at what price depends on individual based on their belief and understanding of markets and respective company..

      Hope that makes sense...

      All the best!!!!

      Delete
  4. One more thing,
    Camlin Fine announced the split on 26th September, and how come the FirstCall Research gives a target of 135? The target is on the price before or after the split?
    I just bought it before splits, and now already 14% up, do you think it is a right decision?

    ReplyDelete
    Replies
    1. Camlin announced the split on 26th Aug, but the change in price on account of split was done on 4th Sept. So till 4th Sept, it was trading with unadj price...

      The research company always considers the current market price, due to which they gave a target based on unadj value, as the report was out on 28th Aug..
      If they give adj price target, before the split, it could mislead investors.
      Hence, I dont think, there was any error there...

      Camlin was recommended at 12 Rs (adj price) here. The stock has grown by 5.5x in past 7 months..
      Neutral at current market price. Can give steady returns going ahead in long term..

      Delete
  5. Hi Kunal,

    What's your view on Avance Tech? I am unable to make out the buzz in the stock that it's being traded with huge volumes everyday and making new higs. Kindly pls have a look and do let me know if it can be a big hit. waiting for your advise which would assist me in taking actions in this regard.
    Thanks.

    ReplyDelete
    Replies
    1. This deal might prove to be turnaround for the company...
      http://www.bseindia.com/xml-data/corpfiling/AttachHis/Avance_Technologies_Ltd_280814.pdf

      As such, not tracking the stock, so difficult to advise you on that...

      Delete
    2. So, what's your sugg. on this. It appears that it can be a great investment at this level. Thanks.

      Delete
    3. The promoter holding of Avance Technologies is 0.62%. I would not go near this stock anytime.

      Delete
    4. Thanks for your advise. Would stick to the same.

      Delete
    5. Agree to an extent regarding that promoter holding point....

      Delete
  6. Hey excellent research...I also find that the management has hugely increased their stake as per the June shareholding pattern and the company is in constant news as some domestic mutual funds are also in talks to get a stake in the company....This news I received when I attended the AGM on 12th Sep, 2014. Your views...

    ReplyDelete
    Replies
    1. I got this info, and hence I was a bit more positive on the counter even after 200% rise...
      Lets see how it reacts further...

      Delete
  7. hello kunal
    whts ur view on panchsheel organic.....promoters hiked stake to abt 3.5 in august...they r aggresively buying frm the open market..pls suggest ur view..thanks

    ReplyDelete
    Replies
    1. Product portfolio is strong but they will to make their presence felt among the buyers...
      Data is good, but I would wait for some more time before concluding, to be on safer side...
      No comments as of now...

      Delete
  8. Hi Kunal,

    Good selection :)

    Thanks
    Anshul

    ReplyDelete
  9. Hi Kunal ji,

    Pls Give ur Reviews on:

    - Hydro S and S Industries

    - Alkyl Amines Chemicals

    - Vinati Organics Ltd

    - Hester Biosciences Ltd

    Thanks

    ReplyDelete
    Replies
    1. Like Alkyl Amines, Vinati Organics and Hester Bioscience...
      Not tracking Hydro S & S..
      In fact, the last 3 are there in my watch list since last 7-8 months.... if you have been following this blog, I have taken their names, some day or the other... :)

      Delete
    2. Hi Kunal ji,

      Thanks for response.

      please view also on

      -Visagar Polytex Ltd

      daily going upside..

      Regards

      Delete
    3. Like Vardhman Textiles and Century Enka only from Textile space... Not tracking others, as I am not a big fan of this sector...

      Delete
    4. Hi Kunal Ji,

      I have 100 share of Waterbase.

      please view on this script. actually i want to purchase more.

      Thanks

      Delete
    5. Sir ji please advise that JBM Auto purchage karoonn ya nahi monday ko.
      plz advice

      Delete
    6. Like both the scripts for long term, because they have appreciated tremendously in past 6 months...
      Patience is needed..
      Fundamentally both are good...

      Delete
    7. Than u so much sir ji,

      i will purchase both for logn term.

      sir ji, please view on also ...8K MILES Software

      Thanks

      Delete
    8. Not tracking 8k Miles...

      Only 1 IT company is in my radar, that is Kellton Tech...

      Delete
  10. But, in India people want to digitise the paper work or their photographs. Here, cloud will be a big business. The two companies that participate in it is Tata Communication which I happen to own and the company called Ricoh India. It is a Japanese major which also has a cloud and data business. We own both these companies as proxies for the big boom in data that we see.

    Read more at:
    http://economictimes.indiatimes.com/articleshow/42393516.cms?curpg=3&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

    totalview

    ReplyDelete
  11. In an otherwise lackluster market, Ricoh India is locked at Upper Circuit as also All-time High @ 290.75 !!! 300 is not very far off !!! Counter is again the darling of Ramesh Damani, value investor !!

    Lambi Race ka Ghoda !!!!

    totalview

    ReplyDelete
    Replies
    1. The entire drama of delisting and its failure has given the stock enough attention, to unlock its fair value. The stock may have fallen 50% after the failure of delisting but the same event has proved to be the turnaround for the company as far as its price is concerned.

      Delete
    2. Hi Kunal,

      In retrospect, was delisting not a systematic advertising campaign by the Company at a very cost-effective programme ? At least, I have been thinking seriously on these lines !!!!

      totalview

      Delete
  12. Dear Kumal ,

    What's your view on Onmobile Global ?

    ReplyDelete
    Replies
    1. Was a fan of this script around FY'11, when it was going strong...
      However stopped tracking it after poor FY'12 and FY'13..
      Not just numbers, but balance sheet also started showing some weakness..
      So, dropped it from my watchlist..
      However, the business they operate in has lots of potential..

      Delete
  13. Control Print ....A total failure in todays trade

    ReplyDelete
    Replies
    1. I think you haven't read anything except the name in the above post...
      Try reading the entire post, it would be helpful in taking decisions...

      Fortunately, I put a separate note this time towards the end, in the last para... :)

      Delete
  14. I hope you understand the meaning of LONG TERM INVESTMENT!!
    Idiot....

    ReplyDelete
  15. Oh ! you want "phata-phat" profit after a blog is written !!!! :-D

    totalview

    ReplyDelete
  16. how do you see WADIA group of companies like Bombay Burmah,britannia,national peroxide,bombay dyeing, the group does not reward shareholders in a big way except britannia,but it has good business value and stable.

    regards
    Ram

    ReplyDelete
    Replies
    1. Unfortunately not tracking any of them....
      However, nothing against any group, just that, haven't tracked any of the stocks...

      Delete
  17. Singer is singing melody !!!! It has traded with heavy volumes upto Rs.178 !!! Debt free Company and MNC pedigree !!!! Topline and bottomline going up on y-o-y as well as sequential basis !!!! What else you want :-D

    totalview

    ReplyDelete
  18. Hi Guys, would you buy Marico Kaya at 585 or wait for more correction? I havent entered in it till now but wanted to enter. Pls suggest good levels to buy?

    -Mayur

    ReplyDelete
    Replies
    1. No change in my previous opinion, as far as reasons given for not able to judge valuations....
      I am still waiting and watching.... :)

      Delete
  19. Very heavy profit taking has taken place on Ricoh India counter basically by those who believe in certain targets !!!! This counter is getting healthier and technically speaking there are no gaps in the charts !!!

    Ricoh Japan has infused Rs.200 crores by way of 7.8% NCD !!!! This will simply improve the bottom line atleast by Rs.15 crores on annual basis presuming minimum rate of interest on overdraft limits is 15% !!!! Besides, Company will have the cushion of good amount of working capital. This will get reflected from third quarter results !!!! I am expecting a repeat of blockbuster results in the fourth quarter with the possibility of a dividend also !!!!

    totalview

    ReplyDelete
    Replies
    1. Thats great!!!!
      Payment of dividend will prove to be another boost for the stock....

      Delete
  20. Market has witnessed real profit-booking on small-cap counters. There was hardly any place to hide for retail investors !!!! It's quite possible that margin calls also might have been triggered !!! All in all, it's healthy for the market and one gets an opportunity for shopping of choice/brands during these SALE's !!!!!!

    totalview

    totalview

    ReplyDelete
    Replies
    1. Exactly, these things are bound to happen and good that it happens... :)

      Delete
  21. Hi can you give your views on Dawson labs earlier aanjeneya lifecare

    ReplyDelete
  22. Datson labs is on uc repeatedly....

    ReplyDelete
    Replies
    1. Highly speculative based on what I have seen happening with the stock previously...
      There might be some positive, but I would still prefer to stay away from such companies, even if it delivers handsome return from here...
      Thats my personal opinion... :)

      Delete
  23. Hi Sir,
    what is your feedback on
    Zenith Fiber
    R System international
    Ahmednagar Forging
    Sunil Hitech

    ReplyDelete
    Replies
    1. Positive on Sunil Hitech...
      R System Intl is decent, not sure on its multibagger potential..
      Not tracking others...

      Delete
  24. Kunal....how is Cupid rubbers for long term.

    ReplyDelete
    Replies
    1. Generally avoiding scripts highly dependent on one commodity, after the case with jewellery stocks...

      Delete
  25. The worst performer post recommendation...Control print

    ReplyDelete
    Replies
    1. who forced you to buy it...blog is not for trades but for the investors..pls stay away if you track on daily basis.

      mayur

      Delete
  26. Posting the last para from the post again for those who don't have time to read entire post...

    Off-late, I have seen plenty of stocks getting appreciated very quickly and giving returns in excess of 100% within few months. I hope such experiences do not change the entire concept of long term investment in the mind of investors. When I say, long term, it still means, that I am talking about an investment with a time frame in excess of 2 years, with a constant check on the updates from company time to time.

    ReplyDelete
    Replies
    1. Hi Kunal,

      You should normally overlook such posts !!! I welcome healthy criticism but just because someone needs "phata-phat money" :-(

      totalview

      Delete
    2. These posts provide important indications to intra-day traders who come to this blog....
      They will get a red-alert that this blog is not meant for them..
      Hence I don't mind posting it.... :)

      Delete
  27. Hi Kunal, I have been following your recommendations recently, and liked the way the scripts are performing. I have seen you replying many times - "I have to study a stock"....so my question is how do you study a stock? Can you please share it with us....Like if you pick up the script A, then what are the steps you take?

    -Ashu

    ReplyDelete
    Replies
    1. The study related to finding out a value stock for investment can never be universal, otherwise everybody would be running after the same script.
      Each and every individual, has its own parameters of judging a stock, on what he/she feels is good for the company in which he/she is investing..
      I have my parameters, someone else will have his own, and none of them can prove the others wrong. That's where belief word comes into picture time and again in my writing.

      However, if you want to know, what I consider as useful paramter, you can refer to some of the past stock ideas, to get that details. I don't have a checklist with me, which I can keep over here. Based on context, parameters keep changing, and that is reflected in my writing over the years.

      Even if you read past 5 stock picks, you will certainly have something with you, which can be used as reference while studying stocks, and eventually, you will start developing your own method of judging/studying stock... :)

      All the best!!!

      Delete
  28. If any reco is performing, they buy it and enjoy the returns and forgets to acknowledge the blog writer. But they will not hesitate a moment when the opposite happens. A blog is just a hint that the stock mentioned belongs to a performers list.
    It is very mean to The problem with miserables is that they will always be ready to blame somebody, I'm case of a failure,

    ReplyDelete
  29. Gulshan India seems to have completed another round of bottoming out yesterday around 215 !!!! A classic case of higher top and higher bottom !!! Sweeter days and months are ahead :) One should hold it tightly !!!! After all "Lambi Race ka Ghoda" !!!!

    ReplyDelete
    Replies
    1. Oh !!! It's locked at the Upper Circuit @ 231.1 !!!

      Delete
    2. Hope this time, it crosses 250 significantly with decent volumes...

      Delete
    3. Gulshan Polyols is locked at Upper Circuit @ 242.65 !!!! Decent trading volumes in excess of 15K !!!! Tomorrow is the AGM for the Company !!! Any questions for the Management ?

      Delete
  30. Hi Kunal,

    I need your advise on one stock by name BHARAT AGRI FERT & REALTY which I started tracking recently. This 60 year old company which was primarily into Fertilizers was making continuous losses but later management shifted to reality as the company owns a huge land bank of 150 acres. Its 1st phase of reality is successful and now company has cleared all debts and has free cash reserves of about 60+ crores. I believe this stock is grossly undervalued..please see the details about the company plans in the link below.

    http://www.bharatrealty.co.in/fertilizer/about.php

    Regards,
    Jay

    ReplyDelete
    Replies
    1. Will have to dig in more into their future plans...rest is looking decent...

      Delete
  31. As expected, Ricoh India has completed THREE CENTURIES and remains unbeated !!! Counter is in the deep pockets of HNI investors who will take it to unbelievable heights in the years to come !!! Once the counter starts performing on bottom-line it will be a very fast forward journey !!!! At present scrip is locked @ 301.05 with buyers lined up for more than 53K shares !!!!

    ReplyDelete
    Replies
    1. Ricoh India has entered into non-stop Upper Circuit arrangement with the market :) !!! It's again locked at UC @ 316.10 !!! Meanwhile, it seems, "target achieved" based selling took place for more than 1.25 lakh shares @ UC !!!!! And it's good for the market !!!!

      Delete
  32. Hi Kunal,

    Have a look at Dharamsi Morarji Chemical, a 92 year old Company has given decent turn-around results in the last eight-nine quarters !!!! Has got lot of values !!! But be quick :-D to arrive at a conclusion !!!

    ReplyDelete
    Replies
    1. Non payment of dividend in the year when they achieved 15% NPM is a big worry, when compared to its peers... Your views on that?

      Delete
    2. Please look at the Balance Sheet as at 31st March 2014. There are accumulated losses which have been wiped out and just around 13 crores is left. But Company is doing extremely well both on topline and bottomline. Please have a look at June 2014 results. Such cases get more valuation in the market being turn-around cases. And 2014-15 should see almost a clean Balance Sheet. Share is available for a song at present !!!

      Delete
  33. Kunal, can Liberty Shoes be bought at Current levels?

    ReplyDelete
    Replies
    1. Don't see any undervaluation at current market price... but has a good potential to grow well in future..
      Neutral at cmp...

      Delete
  34. Wow..whataa fantastic day for Granules surged 18% closing around 930...amazing ride. Still holding few from 130 levels...thanks for generating so strong conviction among us. Cheers!
    -mayur

    ReplyDelete
  35. Hi kunal, well I was going through balance sheets of few companies, and I have few ques.
    what if stock in trade is at high % in expense, does it means company actively involved in trading activity besides manufacturing ? If it means trading,,,is it a more sustainable model than manufacturing ? Which company would you prefer?

    ReplyDelete
    Replies
    1. You cannot judge the company based on result data pf 1 quarter... thats difficult..

      To make it simple, I will try to explain with 1 scenario..
      Stock in trade is the amount of raw material that company has, in its warehouse...
      Work in progress is the amount of raw material, currently being worked upon to make it finished product...
      Finished goods are the final products that can be sold..

      So, if work in progress increases, stock in trade will decrease, and similarly if finished goods increases, work in progress will decrease...

      To answer your query, the stock in trade may be higher, because the company has lots of raw material ready which is yet to be converted in to finished products...

      Without knowing the circumstances of the company, it is difficult to judge it only based on these numbers...

      Hope that helps...

      If you have interest, read some of the accounting books, which will help you in understanding the concepts better...

      Regards.

      Delete
  36. Whats your view on agrochemical industry margins, as they are very thin right now as compared to pharma? Any scope for improvement in near future?

    ReplyDelete
    Replies
    1. Can't compare one sector with the other...
      They operate in different context...
      However, you will always find good and bad performers among the sector, in terms of margins, depending on their operation efficiency...

      I say no to comparison between sector, because they have completely different model, for eg., I can contradict you by giving examples showing the likes of Dhanuka in agrochemicals operating at 12% NPM, and Granules in pharma is operating at 8-9%, and they both are great performers...
      So, that sort of comparison is not valid...

      Delete
  37. I am too much convinced about granulea and kunal added in that. Well holding 3000+ free shares and will have no plan to sell as of now. Yeah looking costly at 900+ but eps will expand.
    Pharma - granul caplin ... Sector... Bullish
    Agrochem- catching my interest.... Astec..sector...good if Raw material cost come down....
    Technology- usually no idea about sector... But following kellton. Will see next 2 qurt results and then will add more...
    Anand Patel

    ReplyDelete
  38. Dear Kunal,

    Do you track a company called Omax autos from auto ancillary sector? This company has topline of 1000 cr and market cap is just 100 cr. All auto ancillary companies appreciated substantially and this one is available at cheap valuations. Is it a value pick at this price? Please let me know your opinion.

    Regards,
    Jay

    ReplyDelete
    Replies
    1. Check the declining growth since FY12...
      The valuations are bcoz of certain reasons..
      FY'14 was worst in past 5 years...
      Need to track it for more quarters to see if there is any chance of revival...

      Delete
  39. Sir,
    What is your view on Unique Organics?

    Nilesh Palane, Roha, Maharashtra

    ReplyDelete
    Replies
    1. Except debt levels, everything looks good...
      Not a bad choice..
      Will have to dig in further, to know more about the business...

      Delete
    2. Thank you sir, can you tell me if I should hold / add / exit my "Zenith Fiber" holding?
      Nilesh

      Delete
    3. Not much idea about textile sector... cant help you there...

      Delete

    4. So nice of you sir, at least you are very frank while replying.... just need your view on 2 more stocks which I am holding since 2 quarters
      1. SRS Limited
      2. Aditya Birla Chemicals

      Nilesh Palane, Roha, Maharashtra

      Delete
    5. Have to be careful with high debt companies, before deriving conclusion...
      Need to dig in a lot into Aditya Birla Chemicals, before commenting about it...
      1 look is not enough... :)
      Had it in my list earlier, but not tracked it off-late...
      They seem to have acquired Jayshree Chemicals, not sure about its funding... and not sure about potential of Jayshree Chemicals either...
      No comments as of now..

      No idea about SRS..

      Delete
  40. sir, Munjal Auto can be bought at CMP? i missed it before but still finding it attractive. Please Guide?

    ReplyDelete
  41. Hi Kunal want to which is the best choice for investment in chemicals. Bagheria chemicals or dynamic products and anil based on products, valuations etc. moreover will it be right invest in 2 chemical companies citing growth or 1 only

    ReplyDelete
    Replies
    1. If you are comfortable with debt levels of Anil, you can go for 50:50 allocation in Anil and Dynemic...
      No idea about Bhagiradha Chemicals, if you are talking about that...
      Have some bias towards Dynemic, but it has already given decent returns, so it can be placed next to Anil, except for debt concerns....

      Keeping your investment divided in same sector with different fundamentally strong companies, gives us protection against any unexpected event with any of our selected companies...
      However, final decision in yours.... :)

      Delete
  42. Replies
    1. Not quite impressed with the growth in past few quarters...
      However, strong fundamentally....
      Neutral on it..

      Delete
  43. Hi Kunal,

    Recently ABCIL acquired Jayshree Chemicals CAD division for 212 Cr. Jayshree is currently trading with a market cap of just 40 cr. I believe 212 Cr cash from ABCIL will be used to pay off the 112 Cr debt company has and may be after paying taxes on sale still company would be left out with cash of at least 50+ Cr and current market cap is just 40 Cr. Do you think this can be accumulated as value buy? Since company has many other assets even after selling CAD division to ABCIL?

    Regards,
    Jay

    ReplyDelete
    Replies
    1. Not convinced with fundamentals of Jayshree Chemicals, even after neglecting debt...
      I may be wrong though...

      Delete
  44. PhotoQuip management is continuing internal management stake buying thru market and they are only at 58%, long way to 75 %.

    ReplyDelete
    Replies
    1. everytime the management want to buy a 2000/3000 shares on a 100% delivery basis, the price shoots up 5/8% that day.

      Delete
  45. Kunal, Whats your view on Stylam laminates, Freshtrop Fruits, Premco Global, Vinyl Chemicals, and Global Vectra.
    Please advice

    ReplyDelete
    Replies
    1. Vinyl Chemicals is good and worth investing...
      Stylam has very good data, but debt is way too high.... Need to find out the reason for such debt levels..
      Not tracking Freshtop and Premco...

      Delete
  46. Kunal, had a look of singer india, find it interesting. Few questions-
    1) its like a trading company and fy13 AR suggest they dont have any hedge policy, how do you rate such importer without hedge? ( rupee can't be a Strong currency as india will never become self sufficient on crude oil which will spoil all export gain, my believe)
    2) competition in small durables, can singer emerge as a favourable brand? Quality of products is good.
    3) don't you think plant site jammu is not a good one ;)
    4)they are talking about export of products (specially sewing machine), will parent company allow s.india to export as the parent itself can export products?
    Thanks

    ReplyDelete
    Replies
    1. Not much into Singer India yet...
      Will have to check details...
      May be, totalview can help you here....

      Delete
    2. Imports are hardly 12 to 15% of the turnover i.e. for FY2013 just Rs.23 crores. This could be because of newer models introduced by the parent which will subsequently be manufactured in India. Plant site at Jammu is for historical reasons i.e. since long. Exports will basically be restricted to Sub-continent and may be under-developed countries e.g.African countries, etc. Cost of production with parent will be a prohibitive factor to export to these countries. Competition is everywhere and one has to fight it out in the market. Singer is an excellent brand and household name. If the product quality is good they will reserve a place for themselves. Uptil now results have been quite encouraging both on topline and bottom line. But bottomline is expected to improve gradually.

      Delete
    3. Thanks totalview!! I am also optimistic about NPM expansion gradually. Seems good

      Delete
  47. How is bhageria dye chem in comparison to dynamic products and Anil

    ReplyDelete
    Replies
    1. Haven't looked at it deeply..
      Any specific reason for sudden turnaround in results?

      Delete
  48. sir will it be unwise to look at the gem and jewellery stocks for long term investment purpose ,for if the story of india is of consumption , how can it be concluded without the gems ? please make a comment if u think it to be commentable . thank and respect your comments chinmoy

    ReplyDelete
    Replies
    1. Sometimes it is not just about the potential of the sector, but also about the government policies driving the sector, plus the dependency on single commodity..
      I have already given the reasons, why I don't like textile sector much, although it is one of the sector which gives India its identity...
      Somewhere, I feel, the same reasons apply to jewellery sector also..

      I may be wrong, but this is what I feel now.
      Remember, I myself was a fan of jewellery stocks some day... :)
      However, festive season may have some positive impact on jewellery stocks in coming days...

      Delete
  49. Dear Kunal,

    Please suggest a good stock of Solar Power Sector.
    As this sector is going to benefit in coming future.

    Regards
    JD

    ReplyDelete
    Replies
    1. Not tracking any stocks from that sector..
      Again, government policies could stop them from being heavy profit making companies, even in future.... :)

      Delete
  50. Sir your recommendation has helped me to earn quite a handsome therefore I needed your suggestion regarding Nucleus Software.Does it have potential to give a good return just like R.S.Software & eClerx Software. Waiting for your reply:-)

    ReplyDelete
    Replies
    1. Weak rupee might continue to be helpful for these export oriented companies, but not sure on their sustainability with exponentially increasing competition...

      As such, not tracking any IT stock except Kellton Tech, still fundamentally, on the brief look, I am neutral on it....

      Delete
  51. Gulshan is just a 200 crores market cap outfit !!!! In an otherwise lackluster trading day where small caps were beaten badly and number of scrips attracted lower circuit, Gulshan Poly attracted good volumes in excess of 11K with excellent deliverable quantity of 10K and the counter closed at 236 !!! This counter is looking for a break-out but heavy profit-taking in small and mid-caps may prevent this opportunity. However, keep an eye on the scrip and may be ensuing quarterly results may provide the trigger. Otherwise, everything well with Gulshan Polyols !!!!

    ReplyDelete
  52. Dear Kunal,

    Please check the marketing launch of Arrow Coated Products new consumer products:

    https://www.facebook.com/carezhygiene
    https://www.facebook.com/meltzhygiene and
    https://www.facebook.com/klenzhygiene

    They are going to be launched in Gujarat. Things looking good here :). Already a 10 bagger in a year

    Regards,

    Pratul

    ReplyDelete
    Replies
    1. If things continue to go like this for the company, then don't think it is still too late...
      Wait for dips to accumulate, if one believes that company has potential to continue in same fashion in future....

      Delete
  53. Hi,
    What is your view on TCI, IFGL, Fluidomat and Acrysil

    ReplyDelete
    Replies
    1. Positive on Fluidomat and Acrysil, as mentioned few times earlier...
      Not tracking the other 2...

      Delete
  54. hi sir,
    please view on Sanghi Industries Ltd.
    Thanks

    ReplyDelete
    Replies
    1. Please post comments on latest thread....

      Positive on Sanghi, based on its potential..
      At more than 1400 Cr market cap, it seems fair looking at current data...
      But it can grow well from here...

      Delete
  55. Hi what are your views on Foods & Inns, book value is Rs 300 + and possible EPS of Rs 75 and Cash EPS of Rs 130 in FY-14-15 , having a low equity base

    ReplyDelete
    Replies
    1. Their business is prone to much volatility..
      Difficult to predict growth in such cases...

      Delete
  56. 30 апреля буква заказать кредит онлайн зоны раскрылось кредит через интернет украина центральное
    торгпредство рыбачьи (рыболовные):
    невод ломбардов Много.

    Опять двадцать пять вещицы филиалы кредиты онлайн на банковскую карту да
    в течении четырех месяцев населению открыла оригинальная право унаследовать первостатейный ссуда подо 0,001% в рамках девшей
    «Щедрый сосед».

    ?«Мы возобновляю приумножать интернет участков на разнообразных ареалах
    Украины. Деятельно развиваясь включая в районных центрах,
    да и в течение маленьких городах,
    да мы с тобой тем изготовляем хорошие экономические
    обслуживание вразумительными единаче вящему
    численности населений страны», - подчеркнул Генеральный директор
    «Благо» Мужественный защитник Северинов.

    В течение золотоношском отделении предполагается весь широкий список услуг «Благо»: дармовая анализ продуктов,
    кредитование под залог технической,
    дорогих желез (а) также камешков, стандартизировавшие штампы обслуживания.

    Покупателям предоставляется запас обрести искусству иначе филигранные работы,
    но также оформить беззалоговые займы до 3 тыс.
    гривен ото компании-партнера Cash Point.

    Линия ломбардов «Благо» трудится получи торге залогового кредитования Украины
    с гаком 15 года, начисляет 266 отделений в 92 городках практически во всех областях державы.
    Во Черкасской району отныне функционирует8 представительств «Благо»: 4 – непринужденно в областном центре,
    2 – во Умани да до в одиночестве – в течение Смеле и
    Золотоноше.
    Государственная линия ломбардов Много отныне отпускает фонд под залог ручных
    пор - принимаются по образу недорогие
    единицы, так и модели создания коренных популярных марок.


    Главнейшими выкинутую опцию рекомендовали отделы буква
    Киеве, в течение ближайшее время намечается забросить финансирование под обеспечение мигов по всей Украине.


    «Мы во стоит на повестке дня два — и обчелся расширяем экипаж принимаемых закладов.
    Время – этот уникальный суть, тот или другой в течение дословном
    значении вечно под самым носом.
    Буква сегодняшнем вселенной, другой раз пунктуальное время может
    «подсказать» поток гаджетов, кроме ручных
    минут всерьез нетрудно уладиться, но
    в то время как с помощью
    их результативно устроить образовавшиеся денежные вопросы», - выделил маркетинг-директор яма тюрем «Благо»
    Жизненный Соловеек.

    В течение тюрьмах яма «Благо», кроме классического заемный под обеспечение бесценных металлов
    и камешков, позволительно равным образом почерпнуть
    фонд наличманом перед обязательства приземленно круглых внешностей общебытовой (а) также электронной технической, электроинструментов,
    велосипедов причем даже удильных бухт.

    Копилка «Финансы а также Кредит» сговорился начиная с.
    ant. до держателями субдолга
    касательно конвертации его во собственность


    Банк «Финансы (а) также Кредит» согласился
    из держателями субдолга насчет его конвертации во
    состояние сиденье за счет допэмиссии акций в сумму при $70 миллионов.
    ( разве ориентировочно 1,5 млрд.
    грн.)

    «Подобное решение быть в наличии взято в масштабах плана докапитализации скамейка и обосновано последовательностью дипломатов акционеров до приумножению статутного капитала сиденье » - доложил (а) также.относительно.
    Председателя Управления Жестянка
    «Финансы равным образом Кредит» Витя Касатиков.



    На правах передавалось досель,
    в течение основном квартале этого года капитал баночка уже был повышен для 22%, другими словами
    для 616,4 много. грн. - пред 3,416 миллиардов.
    грн.

    Дополнительно, 29 месяца 2015 возраста
    осуществится внеочередное стечение совладельцев шайба «Финансы а также Кредит», получи что
    короче разбирал проблема о новоиспеченном росте статутного капитала.

    ReplyDelete