Sahyadri Industries reported an interesting set of numbers. Sales increased from 91.59cr to 103.73cr YoY and losses reduced from 4.85cr to 0.43cr . For the year ending Mar 2015 sales increased from 372 in FY 14 to 437cr in FY15 and it turned around itself churning out profits of 7.11 cr against a loss of 6.01cr.
There was another important update announced on BSE a few days back:
“Sahyadri Industries Ltd has informed BSE that the Company has started commercial production at Vljaywada plant, Andhra
Pradesh on May 04, 2015 after taking production runs and stabilising the products.
It expected that gross sales revenue of the products manufactured at the plant is likely to exceed 10% to 15% of the gross sales for the year 2014-15.”
This should be interesting especially the last line.
Hi Ace, what’s your view on Prime Sec. and Hanung Toys? I hold both of them at current price levels? What future do you envisage with a 2 year perspective for these two companies? Thanks!
both of them not interested as of now
this is good to hear
Sir, what is your view on pioneer embroideries. Is it worth to buy?
no change from previous opinion
Ace sir why do you feel the markets are acting so volatile? and how should investors buy in this correction? As in at what levels
no idea about volatility but i feel investors should buy at a price they are comfortable because index and stock prices are relatively independent of each other.
Ace,
Your view on TV Today results
did not have a look…
Ok, if you happen to take a look please post your views.
since its not my recommendation, i may not..
Ok sir.. Just asked because i remember in past u said that its good so thought u might be tracking it..
yes but that does not mean its a reco… its a general view and it stays as it is ir-respective of quarterly gyrations..
sir what’s your take on vidhi…its looking really strong… has not moved down at all..infact has moved up in last couple of weeks….
sir…its looking very strong…. would be interesting to see the movement once it closes above 20.5 kindish levels
incidentally it had touched 20.5 after which its started consolidating again
ok
ace, once it crosses and closes above 20.5 it will create a new high…in any case i had said earlier, in next 2-3 weeks we will have another 50% gains from here…
yes, quite possible…ofcourse technically
ace, any update on waterbase? seems like mouth watering levels but is there any negative factor not known to retail investors like us?
nothing that i know of
ACE, Wanbury looking week for the past few days. Hope no write off is coming in this quater results.
ok
Hi! Do you have any views on Kernex and JP Power?
no view on kernex as of now..but jp power i dont like at all
Strong support @ 64-66., Good to accumulate.,
ok
Ace, your views on Repco home finance and Diamnies & chemicals
would probably wait for the results and no change from previous views for both as of now though
Sir,
Your View on ‘Rasi Electrodes Ltd’
no view as of now
Hi Ace, visiting after short time…can u pls share your views on maharshtra Seamless & Manali Petro & Texmo Pipes?
Thanks again for your valuable help.
dont track maharashtra seamless…manali petro and texmo not interested as of now
Do you like the ashapura fashion story. Will it create the same magic of page industries
as mentioned earlier its interesting, but comparing it with page is wayy to early….
ace looks like prima has started its upmove now…. to take out its highs of 75…
lets see, if tomorrow’s close is above yesterday’s close, then who knows..but in any case at these levels fundamentally we know there’s not much downside…
Please give your views on Persistent Systems.. Tnx…!!
overall its one of the better mid cap IT companies…
Tnx a lot…!!
My previous comment is still awaiting moderation but comments after me have been approved. I thought you were one of the better ones who run these so called investment blogs. But you also seem to have feet of clay.
cribbing and abusive comments are not allowed on this blog. Also, what happened to estimating wanbury earnings that we were trying last week. you have still not replied to my last question. Rather than wasting time in non-productive wishful thinking one should utilize the time in understand and researching the business.
sir took exposure to vidhi today….it was looking every interesting to me..
ok..and yes it sure is with more than 30% revenue CAGR and 50% profits CAGR in last five yrs and something that’s going to continue in the near future too, and looking at its div yield and valuations, this is right now available at very juicy valuations…
sir a lot of stocks have withstood the market carnage like DHP, vidhi prima etc etc…just taking names of the stocks that i own and almost all the stocks did well…its very encouraging to note.
yes, somehow people have forgotten DHP..lets see the results tomorrow as in any case these results may not good look YoY but would be interesting to see it QoQ
Apology for over-reacting from my side ACE. My only issue was that you were overly bullish on all stocks but Wanbury.
Lets get back to Wanbury.
Wanbury has to pay Rs.36.06 crore to Exim Bank to acquire 4,511 preference share of Euro 1,000 each and Rs.26.74 crore to State Bank of India.
Also Wanbury amount recoverable of Rs.189.87 crore from its 2 subsidiarie. So after liquidation process is over, would Wanbury get this amount?
everyone think of this when i dont take a particular stock’s name that is owned by somebody.. dont think that’s the right attitude
Wanbury reply Ace please.
??
Hi Ace,
As per your previous comments you are not interested in SUBEX.
Any change in view after result….was just going through the management which includes Surjeet Singh former CFO of Patni… not sure though the promoter holding is around zero.
still not convinced
Ace please give reply to the second part of my comment about Wanbury.
you tell me …. would it?
Would Wanbury get 189 crores after they are liquidated by the Spanish court? I am not clear about it.
never mind, how about the preference shares?
Yes ACE the nod for preference shares is there. But the amount is only 2 crores.
Equity Shares upto an aggregate amount of ` 2 Crore (Rupees Two Crore Only)
in one or more tranches to Expert Chemicals (I) Pvt. Ltd., a Promoter Group Company, on preferential allotment basis at a price of Rs 37.50.
one should look at the AR notes to financial statements and you would have got answers to the queries you asked in the last two days…
Sir, what is your view on arshiya international?
as mentioned earlier, it looks positive
Dear Ace,
Results of DHP is out. Not an encouraging set of numbers. I prefer to sell. please give your guidance.
when you have given your own preference, what can my guidance help you with?
Dear Ace,
Its is all about interpretation of result. You are way ahead of others in this field. Your guidance is always required .
i am ahead of anybody, but its just that i like to think atleast in terms of a few quarters and not just one quarter. I hope they upload the complete results as page 3 is missing from results….
Hi Ace sir,
your take on Umang Diaries and Vardhman Acrylics please…
thank you
no change from my previous views on both
sir your take on DHP results….?
its good, actually its way better than my expectations for the quarter. as mentioned in the stock story i was expected a subdued quarter, but on the bottomline they have done very well.
Hello Ace ji….one of my 4 pillar in the portfolio has published the result today….its Mangalam Drug….
FY2015 Vs FY2014
Sales : 220 crs Vs 122 crs
NP :of 6.14 crs Vs ( 5.03 crs)
EPS: 4.68 Vs ( 2.31)
(pdf file’s printing is not good but these should be the no.s)
To me it looks like great result….ur view on the result please…..Thanks in advance!!!!!!!!
very good.
Ace, thanks for revealing this gem to ur readers. The script closed in red today. But the result was declared after trading hours. Hope we will see some positive move in the script this monday.
hopefully, the positive stock momentum should now get a strong fundamental boost too
Ace, thanks for ur comment. The main dampner in Mangalam’s story is their debt which has come down only a small bit this year. On a ebida of 16 cr, the finance cost is 10cr. You have covered this in your write up. Post result declaration you have any other view?
the debt will continue to be the sore point in near future too, but overall very good results inspite of higher other expenses. lets hope the momentum continues.
Hello Ace ji—-one query in this regard….does other expense covers interest cost as well..? I mean other expense is a general term so as a shareholder its difficult to know exactly what was the exact expense for……and also there is another heading with ‘interest’–so does that mean other expense cant be used to reduce debt or it can be used to reduce the debt can they show it as other expense in P&L account…..could you please help me understand this thing…..Thanks in advance!!!!!!!!!
no its not difficult. just go through the AR and its always noted in the ARs in other expenses in one of the notes of statements. for mangalam i think its note 21… no there’s no reduction of debt for mangalam and they do not intend to pre-pay any debt as of now and they have not done that either.
Hello Ace ji…Thanks for the explanation….I wanted to know the details for this Q4 itself(as they have shown more other expense)—-so for that I will have to wait for the AR ….AR will be published in around 3-4 months time from now I think……..anyway wait for the AR to get the exact details…….Thanks!!!!!!
other expenses do not change … maybe one of the items is more than other but anyways…
Prima closed above the closing of thursday and wednesday.. good news around the corner???
which good news?
Hiii ace sir…any comment for FCEL result??
did not have a look at it
Hi Ace,
Please share your views on AVT natural.
Thanks,
Rohit
its a decent one…
Your views on Future Market Networks?
not interested in it..its old name is agre developers
sir what’s your take on tirupati sarjan’s results
very good
Hello Ace,
what is your view on Kelton Tech Solutions ?
not so keen on it for the moment