Ambika Cotton Mills
Ambika’s revenue rose marginally YoY to 121.66cr and profits rose 28.5% on back of MAT reversal. On an Annual basis the revenues rose marginally to 495.54cr and profits rose around 6% to 51.18cr. The company once again gave a liberal dividend and most importantly they have announced capacity expansion and as mentioned in the stock note, the expansion would be light on debt. Great going and it continues to deliver on its promise.
Garware-Wall Ropes Ltd.
Sales rose marginally YoY to 196.9cr and profits rose 65% to 12.26cr on back of strong operational performance. On an Annual basis sales, rose around 15% to 784.24cr and profits rose around 61% to 43.12cr. No doubt Garware wall is living up to its expectations and is still available cheap.
Pressman Advertising
Revenues increased 25% YoY to 11.2cr and profits decreased from 6.51cr to 3.96cr. Buts important to note, in the last year there was significant tax credit and other income. Overall the results are decent if not spectacular.
Sharp india
Sharp India came out with muted set of numbers for the quarter as topline fell around 37% YoY to around 43cr and profits feel by around 75% to 1.8cr. On an Annual basis revenue rose around around 22% to 189cr but profits fell around 42% to 1.56cr. The company’s performance was muted but we are also in the bigger game of india based manufacturing for sharp, that I believe should happen sooner than later.
Cybertech
Cybertech posted average set of numbers for the quarter on the bottomline front with profits down around 52% YoY though sales were up 8%, this was on back of higher employee cost. On an annual basis, the standalone revenues and profits both were almost constant though bottomline was saved by Exceptional items (please see the notes of results for details). For consolidated performance (though I am only interested in the standalone results) on an annual basis the revenues were down 9% and profits were down around 32%. The stock is testing our patience but the significant employee cost increase this year means, the company is ramping up for something big and another important point to note is that company is now almost debt free.
aceinvestortrader 
Thanks for Update..!!!
sure.
thanks for your views. I next few years are going to be gr8 for cybertech
That’s my expectations
Hi Ace,
Thanks for the update. What are your expectations for liberty shoes?
regarding results you mean?
Yes Ace.
expecting decent quarter ….
Thanks for update !
Dear Ace,
Regarding Waterbase…You said its increasing capacity by amalgamating Pinnae Feeds.Where I can find info on Pinnae Feeds Ltd.Are they also adding capacity organically? In their Company announcement they also mentioned about diversifying into hatcheries…not aware of this biz. vertical. could you throw some light.
Thanx.
They are getting a huge capacity with this acquisition. look at the company’s note on the hatcheries business, that will explain what they are talking about.
Sir… u were quite positive about dynemic products in the past… now that the prices have fallen quite a bit.. soes it appear attractive to u at the current levels..
when was i positive about dynemic ?
Dear Ace sir
Requesting your views on Gujarat Biosyn results. Thanks
yes, will put an update .
Hello Ace ji—–not sure whats happening to companies in this Q4——one after one company reporting below expected result——latest is Guj Themis—-expected NP was 1.6 cr. BUT it reported NP of around 80 lakhs(half of the expectation)——-also no details on revised Lupin order——–and for obvious reason stock price is locked in deadly LC——hopefully i can add more at around 40—-what is the future expectation from Guj Themis Ace ji? Thanks in advance!!!!!!!!!
future expectations is same as written in the stock story.
The last one to join the list is Prima—–sales are good(103 to 119 cr.) BUT NP decreased by 1cr.(from 7.6 cr. to 6.6 cr.)……result is not bad but not that good as NP reduced 12%………..
ok
Hi Ace, when can we expect your next recommendation. 🙂
not sure.
Gujarat themis results for this quarter, what is other expenditure here it has been risen little bit. There is nothing mentioned about in foot note
please look at the AR and you’ll understand the constituents of other income.
Hi Ace,
Let me first thank you for the book recommendation, “The Thoughtful investor”. Its a very good book. I was looking at this company called Bharat Agri Fert & Realty. I found that company is virtually debt free, has a good ROE of 35 %, Sales are growing by 26 % YOY and still the company is trading at a PE of 6-7x .NPM is 26 %. Whats your view on this?
Regards,
Sarvdeep
not confident about it because unfortunately they have a fertilizer business which is a cash guzzler. But again, its available at decent valuations. I would like to see the dividend payout though
Hi Ace,
Just skimmed through the results of Prima. Looks very disappointing at first glance. Will take a deeper look over the weekend.
What do you make of it?
Regards,
Niranjan
the consolidated results may look disappointing but its important to note that crude benefits would have started by jan this year, as they have a yr end of DEC (and till December though crude came down quite a bit but its possible that they might have incurred inventory losses). what’s very encouraging is the standalone quarter’s results. the profitability is excellent and most heartening is the increase in dividend payout. This year they are paying 1.5rs VS 1rs dividend that was paid last year. clearly this increased dividend is coming inspite of lowering of consolidated profits. its quite possible they are guaging very good cash generation because as on date they have almost crossed halfway mark in their cameroon operations. Anyways, the domestic operations would start showing marked improved starting this quarter and therefore for coming few quarters all YoY results are expected to be very good. Yes, consolidated bottomline not that great but its not bad either and more importantly the standalone results are very encouraging and add to it increased payout, this now becomes a very safe stock
Hi Ace,
Yes very disappointing cons numbers. I was expecting Q4 to be really good.
But How is the standalone numbers any good?
Quarterly
Sales down – from 2611 to 2572
Net Profits down from 179 to 171
EPS down from 1.63 to 1.56
YoY results are marginally good but not great, some of it, if not all, also has to do with closing down of ACP division as well I guess.
Curious.. am I missing something?
Regards,
Niranjan
how are you comparing YoY for the standalone results? remember this quarter the ACP was not operational and had the 1+cr loss of ACP been not there, the margins would have been excellent overall and still the margins of plastic division is 200 basis points better – YoY.. Any particular point that you did not find good in the standalone results?
With tail wind of lower crude and closing of ACP division I was expecting the EPS to be in the positive.
EPS is positive …
Ace, your view on Richa Inds?
not interested at this point
Ace ur views on prima results?
kindly look at the reply posted to niranjan
I really thought Prima results are very good but just misunderstood by the market. I think we will have a very good next yea and this could be a very big multibagger in next year
yes, the next few quarters should be very good… and if markets do not understand the results, this would be a great opportunity. but i think there’s not much downside (if at all) because of very liberal dividend
Dear Ace,
Am holding Prima since 2 months. Do i get divident?
Thank you in advance
whosoever has prima at the record date would get dividend so that means, if you continue to hold the stock you will get the dividend (i.e. you do not sell the stock since you already hold it)
Thank you Ace for the prompt response.
Ace,v2 has reported almost 1cr in net profit compared to 10cr of loss. so yoy, 286cr sales and 9.75cr profit, as he has promised. eps is 4.13
ok
your views ace? hope all ok for you.
not seen the results
ok..they are published on nseindia site..
one point to note is EBIT wise, v2 has done double the numbers that of v-mart in q4. EBIT of vmart is 2.12cr compared to EBIT of v2`s 4.46cr!!!!! super result.
Vidhi board planning to sell the undertaking of thecompany!! Can u pls throw some light on it. Thnks
it looks like they plan to sell some company owned stuff e.g. property.. not sure
Vidhi results are good in my views. What do you think bro
yes very good
ace sit,
Vidhi has shown capital work in progress Rs.8.70 cr, however long term borrowing not increased. Can u give any information about how much capacity addition is going on and when commercial production will start.
40% capacity addition and it should have been operational by now so hopefully this quarter sometime the production would be ramped up and the increased production would come into play in this FY…
Hi Ace
your view on V2 retail result please
Thanks
have not seen most of the results…will give an update on each of the result by tomorrow ..
Sir, i want to know about negative inventories entries in the P&L statements. I tried to google it but could not understand it a bit. Can u share your knowledge or share some link so than i can grasp this thing. In most of my holding companies this negative inventories is there and not understanding it is killing me despite of very good profits in their operations. Please sir…..help God bless all.
sure. let me know what you have tried to learn and what is the confusion. normally google does an excellent job.
As per my thoughts inventory change takes place in expense statement. Which shows the finished goods of the company. Now when the inventory change is shown as negative number then as per my understanding the sale of good has happened even before reported to the inventory go-down. But isnt it confusing because it reduces the net expense and this leads to the false increase in net profit. Is it justified or not. It also indicates that the sale of items has already taken place or payment has been made in lieu of the order. i have also reffered the businessdictionary and investopedia but could not get it properly. This negative inventory is the case for latest Q4 results of Vidhi and V2retail both. Please comment or give me refer link………. as i could only found those two site relevant to my search in google. Thank you in advance. By the way Mr.Agrawal of V2retail has walked the talk and recently functional v2kart site is also a big boost to investor sentiments.
dont just refer to investopedia. did you get a chance to go through the wharton course that i had posted recently.
yes sir i m on my way to the week 1 lectures, due to heavy traveling during last 2 weeks could not progress with that.
good. just keep on doing it …
Hi Ace,
Do suzlon result encouraging?
Please provide your view.
not seen the results.sorry.
ace,
wat r your views on freshtrop fruits after quarter result ..?r the results up to the mark ?
we all should have expected muted growth given the background and the results are muted.
sir ,regarding prima results
1)the sales of subsidiary shows a growth of nearly 35% but profit came down ,as informed earlier if the prices were not cut why so ?
2)if acp unit is already shut then y showing as loss making?inventory selling?
3)with the acp unit closed and better realization from low cost inventory,i think the eps can jump to a minimum of 15-18 by next year(had the acp not been functional the current eps must have been around 9)what is ur opinion?
4)how much time it will take the new plant operational?
1. did not understand the question here.
2. probably but one should get clarification from the company.
3. how did you arrive at that EPS?
4. not sure.
ace imho.. how can you call cybertech nos decent when they are pathetic?
have already given my views on cybertech, so please refer that.
Hi
Saw vidhi result, excellent bottomline.. Good growth even in top line. Only concern is conversion to cash.. Working capital pressure can doom the company. What’s ur say..
what makes you say so ?
If you see, loan is around 42 crores and in last 10 years the debt has increased from 4 crores to 42 crores. Net block has increased only by 12 crores wherehas the working capital increased by 48crores (12 to 60 Crores).
So money is stuck in working capital . Have not analysed in detail, yet thought of making through the point to you to get your inputs. I am invested with 1400 shares in the company.
i am not worried about it because it does not have too much debt and overall even cash conversion cycle has improved. also, some industries has this nature. The best way to make money is to not over complicate the investment thesis. Make money not relationships with stocks. God Bless
Hi ace bro do you track microsec financials. If yes please share your views
no change from previous views
Hi ace bro do you track microsec financials. If yes please share your views.
do not like it very much was your previous view. Still the same view?
already replied to your query.
Ace, can u pls also consider Liberty Shoes results while posting updates on other stocks?
ofcourse sir.
Superb show by Vidhi.!!Cheers..beginning of strong upmove in due course
yes, strong show
Ace do u think the re-rating of V2 retail will happen now since they have posted profits in every quarter and also Mr. Agarwal’s target have been met or do u feel it will happen only after the contingent liabilities are settled?
re-rating can only happen after the balance sheet is cleaned and there’s certainty there… till then market will be happy with growth and would value it accordingly