Sunday, November 16, 2014

Garware Wall Ropes - Unique Company With A Tag Of Textile Sector



Garware-Wall Ropes was established in 1976 by the visionary philanthropist late Mr. B. D. Garware in collaboration with M/s Wall Industries Inc. USA. Subsequently, the Cambridge educated Mr. Ramesh Garware took over the reins of the company. At the helm of affairs till end of 2011, he infused dynamism and the culture of time bound result orientation across the organization. Weaving the core competencies of the organization to suit the emerging needs of the customers, he introduced a slew of far-reaching initiatives like capacity expansion, forward integration of operations, setting up a dedicated netting plant, launching new and fabricated products etc. His entrepreneurial instinct coupled with a humane approach has laid the platform for further growth and consolidation of the organization.

Solutions Provided By The Company:

1) Fisheries: As an innovative solution provider, the company caters to the global requirement in the active and passive fishing with products of Synthetic Fishing Ropes, Twines, Nets, Fabricated Products.

2) Aquaculture: The company offer Customized Synthetic Cages, Predator Nets and Mooring System Ropes for Aquaculture that are used in marine, inland and brackish water environment.

3) Shipping & Industrial: The company meets the stringent requirement of the various users in the Heavy Engineering, Shipping, Transmission, Safety and allied industries.

4) Yarn & Thread: The company's yarns and threads are used for Industrial Stitching purpose in diverse industries ranging from Fertlisers, Food Grains, Foot Wear, Filter Fabrics and other allied industries.

5) Sports: Customized sports nets conforming to international standards and specifications are used for different indoor and outdoor sports and games like Cricket, Football, Tennis. Hockey, Volleyball, Golf, Swimming Pool etc.

6) Coated Fabrics: Coated Fabrics used for various applications ranging from transportation to sports. Available in an array of different colours, the company's PVC Coated Fabrics offer high tensile strength, UV stability, Waterproofing, tear resistance and a variety of other benefits.

7) Agriculture: Development of various types of nets, cords and ropes, used for Protected Cultivation, protection Of Horticultural crops, support for Floriculture and Vegetable crops, utility products for Post Harvest Technology and Sericulture.

8) Geosynthetics: The company offers turnkey solutions in diverse applications such as Rockfall Protection, Coastal & River Protection, Erosion Control, Landfill and Lining Systems, Earth Retention Systems and Ground Improvement Techniques. The solutions are environment friendly and cost effective.

Manufacturing Facilities:

1) Pune Plant: Spreads across 14 acres of land and produces Ropes, PPMF Yarns/ Twines, SPM System, Geo Textiles and Metal Gabions

2) Wai Plant: Spreads across 29 acres of land and produces all types of Twines, Nets and Coated Fabrics

The Dept. of Science and Technology, Govt of India, has recognized the R&D Centers at both the locations – Pune and Wai.

Company Websitehttp://www.garwareropes.com/index.html

Garware-Wall Ropes eyes Rs 1,000-crore sales by 2017

While going through the fundamentals of the company, the only issue I faced, is its sector, due to which it might face some resistance, and which I why, I was hesitant in writing about it in detail. However, with tremendous efficiency of the company and a very strong product portfolio, it doesn't seem that company is going to be affected by the trend in overall sector.
The company is managed by very well known group with good experience.
Speaking of numbers, over the years, it has not been impressive, but they have kept on posting decent growth with the kind of business they are in. Recently, the focus on R&D and technology has increased, which is likely to aid the company in posting better growth in future.
The company has paid good dividend over the years, and in past 2-3 years, they have made a significant attempt in reducing the debt levels, which is a big positive.
The debt as of now, stands around 56 Cr compared to somewhere around 125 Cr in 2012.
On account of such reduction, the debt:equity ratio is very stable at around 0.2
The book value of the company stands at 125 Rs per share.

For the first half of this fiscal, the company has posted a sales growth of 23% and net profit growth of  68%. As per management, they are expecting the sales to continue growing at 15-20% annually. Based on FY'14 numbers, the EPS stood at 11.4, which means the stock is trading at a P/E of 16. However, with good profit growth this year, the company is likely to post annual EPS around 16-20, which means currently, the stock is trading at a P/E of 10, based on expected annual FY'15 numbers. The ratio can't be considered less, when compared with overall industry, however, looking at above data, I think the potential is huge in future, and there is plenty of scope for margin expansion.
Current market capitalization stands at 425 Cr vs sales of 688 Cr and net profit of 27 Cr.
It will be interesting to see, how market will value the company. when the sales, as expected by management, reaches 1000 Cr, and net profit stands somewhere in the range of 50-70 Cr annually.
However, looking at its 52 weeks high-low, it seems the stock is in radar of many investors, as it has almost grown 4 times this year.

One of the bigger problems, with the companies in textile sector, has been extremely high competition, which is something I feel, should not be the problem with Garware Wall Ropes, because of their uniqueness & mastery in products. However, as every one knows, somewhere the sector, always influences the price of company.

Note: This is not to be considered as recommendation being given, but a company, which readers can refer to, as it has plenty to learn and study from. If reader wants to take any action on the counter, it will solely be his/her decision. The author is not giving any advice on the action that can be taken at current market price.

110 comments:

  1. Hi Kunal, Pls share ur thoughts on Entertainment Network. and sasken communication.

    ReplyDelete
    Replies
    1. Hi Vijay,

      I am positive on ENIL. The company is likely to continue similar growth and hence can be considered as probable candidate of core portfolio, with steady returns...
      Not tracking Sasken..

      Regards.

      Delete
  2. Hey Kunal, any idea why there has been muteds growth in OPM, NPM n Net profit since last 3-4 years? though sales has increased but seen pressures on margins..pls throw some lights.
    -Mayur

    ReplyDelete
    Replies
    1. The input cost has not been favourable for companies in this sector, in past few years..
      However, EBIDTA margins of 10-11% is not that bad...
      But good to see company growing in profit by 68% in first half of this fiscal, which assures of better operational performance in coming quarters..
      Also the Make In India initiative of government will help them get many orders, for which currently, the company is importing..

      Delete
    2. Thanks for inputs and looks positive on it. May i ask you if u have any vested interests in it?

      Delete
    3. Yes, and that is in all the scripts discussed on this blog, except few, which are just posted to learn something, like Tube Investmenets, where I have not entered yet...

      Delete
    4. Ok Great, nice to hear that. Dynemic Products rocking man :) thanks for getting us such a hidden Gem :)

      Delete
  3. Sir your View on Talbros Auto and can it be bought @ CMP?

    ReplyDelete
    Replies
    1. It has been flat in past 4 years in terms of growth.. However, with positive sentiments, it can show better numbers, and that could lead to some amount of rally in the counter..
      But if you ask me, I feel, fundamentally. Munjal Auto is better placed, with consistent growth and strong management...
      We started discussing Munjal Auto from 55, but even at levels around 120, I feel, it is still better placed in terms of valuation, and especially, in terms of possible future growth..

      Turnaround companies can sometimes give you good returns, but still, it is always better if we have an option of better growth company among the peers....

      Btw, promoters are buying from open market.. is that an indication of better quarters ahead.?

      Decision has to be taken by you.. :)

      Delete
  4. Thanks Kunal for the wonderful work helping newcomers in stock market. I would like to know your view on Hindustan Media Ventures for a long term investment .

    ReplyDelete
    Replies
    1. Hi Renu,

      Already expressed my views on Hindustan Media Ventures in comments section of below post some 5 months back:
      http://fundamentalstockideas.blogspot.in/2014/06/tcpl-packaging-probable-candidate-to.html

      Use search on page functionality, to find out the exact comment...

      Still positive on it..

      Regards.

      Delete
  5. please share your view on patels airtemp

    ReplyDelete
    Replies
    1. sorry, no idea about Patel Airtemp

      Delete
    2. Hi Anonymous,

      A good scrip !!! promoters continuously increasing their stake in the Company. FY H2-2014-15 will be substantially better. Top line is likely to go up by 100% !!!! And FY 2015-16 with the onset of investment cycle will be still better. Company may place shares with PE Fund at substantially higher prices. Promoters are technocrats and they know their job very well.

      totalview

      Delete
    3. Hi Kunal,

      Photoquip India's 2nd quarter results are available on Company's website. Let us have your views after interacting with the management. LED lights sales have improved over the June quarter. By the way, did you receive the postal ballots. Please check up and confirm. All those holding the shares must vote against the proposal of selling the LED light division. We must not ignore the postal ballots.

      totalview

      Delete
  6. Results are still on track but extremely unhappy with the management and their interest towards shareholders...
    Almost 16 Cr from 2 quarters this year.. Most likely to achieve 35 Cr as expected...

    ReplyDelete
  7. Hello sir , i want to know your views on Mayur Uniquoters at current price. I am planning to start a SIP of few selected stcoks like Gruh, Repco , Mayur for a long term investment . Any other low risk stock to consider ?
    Regards
    Mohan

    ReplyDelete
    Replies
    1. Positive on all the companies mentioned by you. However, as they all have appreciated heavily in past few years, it is advisable to utilize every dips and buy in a manner, as you are thinking i.e. SIP...
      Also, among the 2 housing finance names you have given, I am more positive on Repco than in Gruh..
      Repco is likely candidate to repeat, what Gruh has already achieved....

      Delete
    2. Thank you sir for a quick and very informative reply.

      Delete
  8. pls share your views on escorts ltd.

    ReplyDelete
    Replies
    1. Not deeply tracking Escorts, but country will definitely benefit from revival in growth cycle.
      It can test ones patience, as margins are under pressure currently...

      Delete
  9. Kindly let us know your views on Symphony Ltd?

    ReplyDelete
    Replies
    1. Replied on similar query recently. however, posting the reply again...

      I was tracking it strictly around Feb'14, when it was trading around 500 Rs..
      You can find my mention about the same in comments section on below post:
      http://fundamentalstockideas.blogspot.in/2014/02/camlin-fine-sciences-hidden-player-in.html

      Use search functionality on page, to see the comment..

      Somehow, at that time, I felt it was trading expensive... Now I don't know, what to say, when it has started trading above 2000...
      Market leaders and monopoly holders in most sector, have appreciated a lot in past rally...

      Even if I assume 50% jump in net profit for FY'15, it would take annual EPS around 40 levels or so, which means, the stock is already trading at 45-50 times of FY'15 earnings... :)

      Delete
  10. Hi Kunal, do you track sunshield chemicals?

    ReplyDelete
  11. Kindly shares your views on anuh pharma and caplin point labs?

    ReplyDelete
    Replies
    1. Positive on Anuh Pharma, not tracking Caplin Point Lab...

      Delete
  12. Do you track any banking stocks?

    ReplyDelete
    Replies
    1. Not tracking any as of now, strictly..
      But, fan of Yes Bank over the years...

      Not tracking it deeply, to comment or suggest any specific actions...

      Delete
  13. Sir,

    Your inputs on Syncom and gennex labs. Pls let me know.

    Thanks.

    ReplyDelete
    Replies
    1. I am not following any micro pharma names, as the risk levels are very high..
      If some of the mid size names are available, with potential of multibagger returns, I would rather stick to them, instead of taking a risk in smaller cos..
      That's my personal opinion.. :)
      Not following these 2 stocks as of now..

      Delete
  14. Gulshan Polyols's counter is exhibiting increased activity with positive vibes !!! Watch carefully for crossing it to it's 52 week's high of 252.5 !!!! Management has taken quite a few steps which are refreshing and gives confidence e.g. starting the practice of issuing Press Release with quarterly results, declaration of maiden 35% interim dividend, etc. Exciting days are ahead !!!!

    totalview

    ReplyDelete
    Replies
    1. Eagerly waiting to see Q3 and Q4 numbers, as management was more confident about second half of this fiscal...

      Delete
  15. Dynemic Products has retracted from it's three figure price to 80's !!!! Counter is attracting lower circuits for quite a few days. Perhaps it ran too fast and left many stations where it should have halted. It should see some more correction or consolidate at CMP levels.

    totalview

    ReplyDelete
    Replies
    1. Don't mind such corrections, if results keep on impressing..
      Still P/E ratio below 10..

      Delete
  16. Ricoh India counter is exhibiting remarkable consolidation at CMP !!! Perhaps getting readied for bigger moves. Will it be before next quarterly results or after seeing the performance on bottomline? Your guess is as good as mine :D

    totalview

    ReplyDelete
    Replies
    1. I would go with performance of bottomline, as it seems that those who are aware of potential, have already accumulated at various levels so far... :)

      Delete
    2. Once there is a definite bottomline performance, there will be scramble for the stock !!! It may run like Hitachi Home !!!!! And Digital India will keep on adding fuel to the fire.

      totalview

      Delete
  17. Flex Food counter has also exhibited the similar trends as seen with Dynemic Products !!! After having touched 95 it has retraced to around 80 !!! When you run too fast you should take rest unless you are a marathon-winner but marathon-winner never runs the race like Usain Bolt :D But Flex Food is also "Lambi Race ka Ghoda" !!!! Only issue is scalability of their operations !! Let us see how fast they can scale up their topline !!!

    totalview

    ReplyDelete
    Replies
    1. Plenty of major investors have raised their concerns over management i.e. Uflex group..
      Else, I don't anything stopping it at these levels..

      Delete
  18. Sanjay Bakshi wrote this before this bullmarket ""Since NSE started, every time when Nifty’s Price/Earnings ratio exceeded 22, the average return from Indian equities over the subsequent three years became negative. When the next bull market comes, you will find plenty of “experts” who will tell you to buy stocks and to remain invested, and to ignore lessons from history because “this time its different."" Current Nifty PE Ratio on 21-Nov-2014 is 21.70 . Dear Sir , would like to know your views on this

    ReplyDelete
    Replies
    1. Even if the nifty average return ratio turns negative, our aim should be to invest and remain invested in such stocks which are not affected by overall market sentiments and they continue to keep growing irrespective of market movements.. :)

      Delete
    2. Thanks for the reply Sir , Can you plz suggest some sectors/stocks which will be least affected by overall market fall .

      Delete
    3. It would be again IT and Pharma, as in case of fall in overall markets, rupee should start weakening further...
      However, I am not studying or following any market trends, so no idea about, what is to happen next..

      Delete
  19. Hi Kunal,

    I just now came through your website, i went through your past recommendations they were excellent, I needed your openion on a brorder perspective what do you think about this bull maket, how long it can last, also i have bought some stocks can you share your views on those, i hope to hold on them for next 3-5 years & hope to make multibagger returns (hopefully 400 % profits overall), also i have made some comments regarding the companies with you to share, please share your openion on that also can you give me an approx price targets for 3 years for the below stocks.

    1. Atul Auto. (In Expansion Mode in smaller towns & other countries)
    2. Motherson Sumi. (In process to acquire more companies)
    3. Capital First. (Led by the best fianancial Team)
    4. Manappuram. (Spreading their risks by getting into home finance, microfinance, vehicle finance)
    5. Gruh Finance. (Big Opportunity due to coming 100 new cities by modi, as it caters to rural areas which can be the next big market fof this finance company)
    6. Repco Home Finance. (Big Opportunity due to coming 100 new cities by modi, as it caters to rural areas which can be the next big market fof this finance company)
    7. Mold Tek Packaging. (Expansion, opportunities due e-commerce)
    8. Kovai Medical. (Expansion mode)
    9. Indiabulls power. (Starting of the new plats)
    10. Poddar developers. (Geniune good developers, 3,000 handed over 1,00,000 to go)

    Thanks & Regards,
    Shailesh

    ReplyDelete
    Replies
    1. Hi Shailesh,

      I am not tracking the overall market sentiments, but only following specific stocks. Also, I am not permitted to give you any price targets, but will comment on your selected stocks, which I am tracking...

      1) Atul Auto - Positve for long term.
      2) Motherson Sumi - Can be part of long term portfolio with steady returns (not sure of multibagger potential from these levels.)
      3) Capital First - Decent company.
      4) Manappuram - Not tracking strictly, but feel, its a bit risky.
      5) Gruh Finance - same view as Motherson.
      6) Repco Home Finance - Very decent company. Likely to be next Gruh.
      7) Mold Tek Packaging - Positive for very long term.
      8) Kovai Medical - Not tracking strictly.
      9) Indiabulls Power - Not tracking any power cos
      10) Poddar Developers - Not tracking any infra names as of now..

      Regards.

      Delete
  20. Hey Kunal, do you track sequent scientific?

    ReplyDelete
  21. Hi,
    How is Foods and Inns , gave Q1 eps of 25 and Q2 eps of 40 rs and also no seasonality in their business.

    ReplyDelete
    Replies
    1. Not tracking it strictly, but here are few of my concerns..
      1) Too much variations in numbers declared by the company over the years. Especially, in terms of bottomline.
      2) Debt levels are extremely high... Rare to see company with debt:equity ratio of close to 4-5.
      3) Margins are still under pressure, and not very high, this year either. The EPS looks attractive as the equity is very less..

      However, these are just few observations, on brief look. Right now, I am not tracking the company deeply, to inform anything conclusive..

      Delete
  22. Dear Kunal,

    Could you please suggest a couple of good stocks in private/public sector banks and NBFCs?

    Regards,
    Ramesh

    ReplyDelete
    Replies
    1. Hi Ramesh,

      Not tracking any banking stocks currently, but as mentioned earlier, continue to like Yes Bank since much lower levels..
      Among NBFC, we are already tracking Capri Global, and all the details have been posted. Use search functionality to get more insight.

      Regards.

      Delete
  23. Dear Sir, Please provide Current price in your analysis for our view and for future reference also.

    ReplyDelete
    Replies
    1. Hi Vijay,

      I used to present earlier, but now as per new sebi norms, I am not authorized to recommend any buy/sell/hold action on any stock..
      Hence, I am just discussing the fundamentals, risk factors, valuation etc.
      The decision to enter should be taken by reader himself.

      If I put the price in my analysis, it might look like I am recommending to buy, which is not legal now, and in a way, that is correct also.

      Regards.

      Delete
    2. You can click on name of stock you want to know, in the left hand side top widget, and it will open the first discussion of the stock, where date is mentioned, which will help in finding the price..
      Sorry, for that extra effort, but I don't have any other option...

      Delete
  24. Hi,
    What is ur view on Somi Conveyor beltings, how will it benefit from make in inda

    ReplyDelete
  25. Hi, What is your view on Linc Pen and Plastics?

    ReplyDelete
    Replies
    1. Have few concerns about the sustainability of growth rate in highly competitive market..
      Apart from that, other things looks fine to me..

      Delete
  26. Ricoh India Ltd has informed BSE that the Company have got an Order worth Rs. 1370 Crores from Department of Posts, Government of India towards 5 (Five) Year Project of Rural Information and Communication Technology (ICT) of Department of Posts, Government of India.

    ReplyDelete
  27. Hey Kunal,
    Pls comment on the stock whether u like them or not at cmp :)
    - Dion Global
    - Mangalam Cement
    - Liberty Shoes
    - Godrej Properties
    - Aro Granite

    Thanks again!

    ReplyDelete
    Replies
    1. Unfortunately, not tracking any of them..
      In case of Aro granite, I feel, it can be good, but still would prefer Somany Ceramics ahead, because of brand and presence....
      Thats my opinion..

      Delete
    2. However, valuation wise, Aro is much cheaper...

      Delete
  28. Dear Kunal,
    How do you see Virat Crane with good promoter,DEBT free,transparent books,dividend payment regularly,good brands. Full year results achieved in H1 alone trading @14 with estimated PE of 7

    ReplyDelete
    Replies
    1. Never heard of it, will take a look and get back..

      Delete
    2. Found this on their website:

      Virat Crane Industries Limited has a landmark of achievement with premium products from the house of Crane, "Crane Gutka" and "Crane Fruit Masala" which are sensational favorites in South India. The rich recipe for success, the expert touch, the state-of-art know-how is all provided by the man who made it possible - Shri. Grandhi Subba Rao. Strengthened and reaffirmed by Shri.G.V.S.L.Kantha Rao's strong belief that advanced technology is a pre-requisite for Crane's outstanding quality outputs, sophisticated machinery has been absorbed to guarantee consistently superior products of unmistakable quality.

      Not a fan of companies in Gutka business...

      Delete
    3. They closed gutka business 2 years back. Currently they are doing CRANE fruit masala and DURGA ghee products (The brand value for CRANE and DURGA itself will be more than 10 crores). Company started reporting stellar results this year.

      Company's CRANE betel(fruit masala) commands 85% market share in United AndhraPradesh,60% in karnataka and 40% in tamilnadu.
      Their brand 'Durga' is a monopoly and commands over 80% coastal andhrapradesh.

      Durga Dairy has entered into similar alliances with major retail players like Walmart,Reliance Retail, Trinetra, Gaint, Spencers, Foodworld, Subhiksha and Metro.

      Company subsidary VIRAT AGROTECH A full-fledged 100% Export Oriented Unit with technical association M/S Sasib Foods, Italy in 800 acres collaboration with Orissa GOVT.

      Company is DEBT free,promoter hold 74.9 with out pledge and last 2 years dividend paying.
      Company latest H1 EPS (0.95) is more than last year full EPS(0.69).

      Can you check their Annual reports/Quarterly reports once again.

      Delete
    4. Have contacted few people from Andhra, and they have given very positive reviews about Durga Ghee, and also mentioned that it is used in almost houses in Andhra and Telangana..

      Trying to figure out more details... Thanks for the info..

      Delete
  29. sir need your suggestion on ol&fs transport which i am holding for 2 yrs thanks please comment

    ReplyDelete
    Replies
    1. Generally not tracking any infra stocks... Sorry..

      Delete
  30. your views on munjal auto?

    ReplyDelete
    Replies
    1. We started discussion on Munjal Auto around May'14...
      Use left hand widget to find all the stocks, and their initial discussion link by clicking on it..

      Delete
  31. Please if you could throw some updates on sunil hi tech engineers? Post the best quarterly results its falling continously....

    ReplyDelete
    Replies
    1. Continue to be positive on the company.. It is in revival phase this year..
      Minor consolidation should not be a worry as far as long term investors are concerned.
      Sales growth was muted this quarter, as compared to Q1. However results of H1 FY'15 is looking very good..
      Also the fact that company have reduced their debt can be considered as positive, though it is still high...

      Delete
  32. hello sir, thanks a lot for giving such a blog for discussing the thing. sir my query is about neo corp and Sanghi Industries as i am a investor on it. Sir Do i except Neo corp as a multi bagger as its constantly growing? and why sanghi is corrected too much post q2 number

    ReplyDelete
    Replies
    1. Not tracking stocks from cement sector, hence can't comment on Sanghi..
      However, I like Neo Corp, and I have it in my radar..
      Few concerns are low promoter holding, as well as most of that holding is pledged..
      Will post when I gather more info...

      Delete
  33. Hi Kunal, can ajanta pharma bought at current levels?

    ReplyDelete
    Replies
    1. Sorry, not permitted to give any action specific info that can be taken on stocks...
      Can only help you with any information on the company that you want, that may help you to take a better decision..

      Delete
  34. pls let us know your views on piccadily agro and shakti pumps.

    ReplyDelete
    Replies
    1. Not tracking Piccadily agro...
      Positive on shakti pumps for long term...
      The results this quarter was flat, but still, their long term prospectus looks decent...
      Has potential to make a good comeback, as far as growth in concerned...

      Delete
  35. Hi kunal,

    I come across some companies want to know your opinion it is in niche business of their own and has appreciated more than expected on their fundamentals,performance.

    KSE:KERLA SOLVENT EXTRACTION more in cattle feed busines,dealing with dairy products in tamil nadu,kerla,karnataka, recently the company came out with good results, and has been a consistent dividend of 200%,it has appreciated more than 100% in last 2 months from 300 currently trading at 600rs.

    Oriental Beverages: Bisleri comapny, you know the brand value of bisleri recently the company has invested Rs 200 to develop and manufacture URZZA and the funding is done mainly through internal accrual," .

    The company is in the process of tying-up with organised retailer and online grocery stores.

    Bisleri currently enjoys 60 per cent share of the organised mineral water category in the country with an annual sales of 1,000 million units, which is growing at 26 per cent every year.

    your opinion on the above stocks if you cover.

    regards
    Ram,
    Hyderabad

    ReplyDelete
    Replies
    1. Positive on KSE even after such rise, as the business is growing consistently...
      However, my study is not yet complete on it.. It's still a part of my watchlist..

      Regarding Orient Beverages, I agree with the potential that you have projected, however, there are few concerns currently, which I feel, needs to be considered.
      ROE for past 3 years is extremely less. Also, most of promoter holding is pledged.
      Debt has increased tremendously in this quarter, though with a reason..
      The stock has moved from 20 to 190 levels now, in past 4 months...
      Considering above factors, I need to further investigate before coming to any conclusion..
      Can't say anything right now. Need some more time..

      Delete
  36. your take on banking sector at present valuations?

    ReplyDelete
  37. HELLO AND VERY VERY GOOD EVENING SIR, SIR IS IT RIGHT TIME TO ACCUMULATE SIMMONDS MARSHAL? ALTHOUGH COMPANY IS DOING MUCH BETTER. THANK YOU VERY MUCH SIR G.

    ReplyDelete
    Replies
    1. Hi Hashmat Ali,

      As you are aware, the new SEBI regulations have come into force from Dec 1. Hence, from now on, I strictly, will not be able to help you with any decision, that can be taken on specific stocks, until we have some clarification on the rules...

      Regards.

      Delete
  38. Hi when can we expect a multibagger stock pick.

    ReplyDelete
    Replies
    1. Hi Salim,

      Answer is same as above. Sorry for now.

      Regards.

      Delete
  39. Hey Kunal, can you recommend some housing stock - I have stake in LICHFL,India Bulls Housing finance, GIC and Capital first. I want to consolidate all the holdings in 1 stock, but valuation wise I am confused. So, can you please suggest one.

    ReplyDelete
    Replies
    1. Not strictly tracking the names you mentioned. Here we are only discussion Dewan Housing and Can Fin Homes... You can refer previous discussion on them using search functionality...
      I can't help you with valuation and action specific decision, as I am not permitted to do so on this blog from now on....

      Delete
  40. http://economictimes.indiatimes.com/industry/cons-products/electronics/ricoh-plans-to-set-up-manufacturing-plant-in-india/articleshow/45389252.cms

    ReplyDelete
  41. Please if you could tell us about your views on sunil hi tech, patels airtemp, Mindteck and Gulshan Polyols for fresh investment at current levels? They all have had lot of news recently so please if you could take a look and advise.

    ReplyDelete
    Replies
    1. Can't answer stock specific queries here...
      I can help you through mail...

      Delete
  42. Dear Kunal,
    what's your view on Flex Food? still positive on it?

    ReplyDelete
    Replies
    1. Answer same as above...

      Please put all stock specific queries in mail..

      Delete
  43. Dear Kunal,

    whats your mail id?

    ReplyDelete
  44. Hi Kunal DP is heavily correcting from 100 to 80.....anything wrong....also SEBI has extended the deadline on posting picks...

    ReplyDelete
    Replies
    1. I don't see any news on Dynemic..
      Btw, do you have any source of SEBI extending their deadline? If yes, please share..

      Delete
  45. Synopsis of SEBI (Research Analysts) Regulations, 2014 – Part 1
    taxguru.in/sebi/synopsis-sebi-research-analysts-regulations-2014-part-1.html
    Sep 15, 2014 - There would have been a history of cases where analysts would have ... Existing Research Analysts: Entities or Analysts currently acting as such are ... 29th May, 2015 (six months from the commencement of the SRAR, 2014) ...

    ReplyDelete
  46. http://taxguru.in/sebi/synopsis-sebi-research-analysts-regulations-2014-part-1.html

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    1. The link is dated 15th Sept..
      We will have to figure out, how SEBI is taking this issue currently, as they issued a notice on 28th Nov, regarding enforcement of law from 1st Dec...
      Link: http://www.sebi.gov.in/cms/sebi_data/pdffiles/29672_t.pdf

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    2. Hi Kunal,

      Here is the link from SEBI which grants 6 months period as transition for existing Research Analyst.

      http://www.sebi.gov.in/cms/sebi_data/attachdocs/1418122025732.pdf

      Kindly refer the question number 2 from the link.

      Regards,
      RK

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  47. hi kunal
    Pls suggest some stocks entry level to invest in.Have recently been following your blog.Its great.

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    Replies
    1. Hi Kamlesh,

      I don't think most of the stocks discussed here are over-valued at present, except one or two. So, you can always refer those stocks, and probably find ones that are yet to achieve proper valuations.

      Also, since we have six months time, I will be posting my new pics also, when time permits. You can have a look at that as well.

      Regards.

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  48. Hence from the link shared by Radhakrishnan Sankar, it is evident that we can continue this blog with as usual comments till 31st May 2015.

    Please start putting your comments on this blog only..

    I have got plenty of mails, and hence I am finding difficult to reply to all..
    Please give me some time for reply.

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  49. Sir when is your new recommendation coming? It's being Long 25 Days since your last recommendaion......

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    Replies
    1. I was waiting for clarity from SEBI regarding the new rules.. hence the delay..
      Will post as soon as I find something attractive...

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