Liberty shoes
Overall results are decent, both topline and bottomline. The results would have been better had the first quarter of FY15 been better.
Vidhi Dyestuff
Stellar Results. Another year of around 33% topline growth and 100% bottomline growth. The company is doing a good job exceeding our expectations and its growing at 30-35% CAGR for last so many years. One could continue writing about this company but i think its very clear that we have a strong winner in our hands now.
Prima Plastics
The standalone results are very good, both on topline and especially on bottomline. Unfortunately the ACP division continues to play the spoil sport as it reported nearly 80% of its sales (which again were very low YoY) as loss but inspite of all this the company has reported a very strong bottomline with plastic division recording around 200 basis points higher margins YoY. the consolidated results may look disappointing but its important to note that crude benefits would have started by Nov last 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). Again, 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 gauging strong profit 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 with limited downside.
Orient Beverage
The results are good on topline but may look muted on the bottomline front for the quarter but its important to note that the bottomline was brought down by “prior” expenses – details of which are available in the foot notes. The company needs to continue working on improving OPM, which it is as I am made to understand. URJA’s plant would also be operational shortly.
Freshtrop Fruits
Results as expected are slightly muted for the quarter though decent for the year. As the company has indicated the coming quarter might be muted too. So expectations management has been done by the company. This one may needs some patience but the quality of company is very good.
V2 Retail
Results are good on the topline for the quarter and especially for the entire year. The stock-in-trade was a spoil sport for this quarter’s bottomline but overall the results are good, though equity dilution is also to be kept in mind. Turnaround is now confirmed.
Simmonds Marshall
Good results both for the quarter and the year. The board is also paying 0.5rs dividend. The stock as expected has grown very well in the last few years an continues to do so. With the recent interview that we saw on CNBC, the future also looks very promising.
Gujarat Themis
The topline grew as expected though the bottomline was muted for the quarter on back of higher other expenditure. For the entire year also the stock did well, but as mentioned in the stock story we are here for the next round of substantial earnings increase. We should hear something about the Lupin deal shortly. One should accumulate on all declines.
aceinvestortrader 
thanks for the update 🙂
Thanks for update…make confident to hold…
sure 🙂
could not understand why prima is down despite the results being decent if not good… it hurts to see our favourite stock being killed by traders 😦
because of difference in the intellect and styles of market participants.
Reading some messages in MC MMB that ACP division has been sold..do not know if its rumour but if it turns out to be true this will fly..
i normally do not trust anything on MMB
Thanks for Update ! My major holdings Prima & Vidhidyes ! Prima needs some more patience ! Appreciating your efforts & Updates ! Thanks a ton !
ace wat bout aimco pesticides result?
at the time of writing it was not declared
ur views on it ace?
on what? results?
ya
just glanced through it…overall results are fine…though will need to find out why topline was little subdued this quarter.. but overall good performance and most importantly a strong BS for a BIFR company
Sorry, I know what is BIFR but what is BS ?
BS = Balance sheet 🙂
Sir,
Aimco has a loss of 59 lakhs in last quarter, but an overall profit of 3 crore last year. Is it still a hold
you feel otherwise ?
Please share your view on Adlabs Entertainment. I expect it to be profitable by next year and it’s real trading at mouth watering price.
not interested in anything from this group
I hold equal amount (in terms of purchase value) of mangalam drugs and gujarat themis bio. For the purpose of adding more, which of the two would you advise?
you should add the one which “you” are more convinced about.
Hello Ace ji——i know u r technical expert too—–what is the support level for Guj Themis as it is free falling with dead LC every day——–that support level will help us adding more at that price——–Thanks in advance!!!!!!!!!
you should know the answer of this kind of question by now
Hello Ace ji—yeah I know this blog is not for technical but if u give a range at least then that will help us to add more——–but if u r not comfortable to give range also then its okay—–will start SIP from tomorrow——–Thanks.
ok
🙂 That is the problem. I am convinced about both. That is why i bought both in equal amount. But perhaps it is not a right question to ask u since both are ur picks. All the same thanks for both the recommendations. I am hugely convinced about both of them. Mangalam moreover has shown a superb spike today 🙂 If it corrects i will buy more. meanwhile i will add guj themis on dips below 40.
yes, you could split the funds between the two..both are very good
On my email query they confirmed that they have sold ACP division
ok, but any idea when it was sold…basically i am curious to understand how it got operating income in ACP if its closed. its only possible if the ACP was closed not at the starting of the quarter but probably sometime “during” the quarter.. its important to understand this because if we know there’ll be no operating income (and therefore, no operating loss) because of ACP starting this quarter then we can safely say that from now on, the standalone operations would have very strong profitability.
They sold the ACP Division in ‘January End ‘
ok. thanks. though i am not sure how they have accounted the sale price in their earnings statements.
They also told on earlier query that ” ACP Division closed some stock lying to be clear off “
ok and so that inventory loss they have booked in operating income rather than exceptional items ?
yes, you are right..just saw the results carefully now…they have sold the division with notional loss of around 9 lacs ..probably sold at a discount to book value…so that should mean that from now on there should not be any operating income from ACP.
Hi Ace
Did you happen to see Country Condos.
Strong Numbers backed by Promoter Buying.
Seems something cooking.
Your views please.
Regards
not interested in it as of now
sirjee, is it advisable to add prima at the current levels or should one wait for it decline n consolidate further……
i think one should take a call himself on such things but i find the present level very attractive with hardly any downside…
thank u sir.. just wanted ur view only.. 🙂
sure.
On my email query they confirmed that they have sold ACP division in ‘January End ‘
Hi Ace, your views on Associated Stone Industries (Kotah)?
In Today’s filing to BSE -> “the Commercial Production has been commenced at the Company’s Subsidiary viz. Al Rawasi Rock & Aggregate LLC, having Limestone Quarry and Crusher Unit at Fujairah, UAE with effect from June 02, 2015.”
decent…..
how is career point for long term.available below bv
not confident as of now…….
Dear aceinvestortrader,
First, I started following your blog recently. I must say, impressed with your style – your are good at spotting opportunities early, your posts are informative and your responses are witty:)..
Enjoying it.
There are several common interests between us likes of waterbase, vidhi, etc.
I am studying Liberty and Mirza (Red Tape) stocks to choose between for my investment.
My quick reading on Liberty is as follows:
Looking at Liberty results.
Around 10% increase in sales (which is not much for a growth oriented company) and its operating margins % has gone down. Finance cost is stable. Profit before tax is almost flat y o y. Tax provision release and MAT rebate gave back 2 Cr in the kitty, which helped EPS to grow y o y. EPS is 10 (9.93).
Next year there would not be much tax benefit so not expecting huge boost in EPS as tax downside will offset operational upside.
Promoter stake is stable.
Balance sheet is okay from long term perspective but they have inefficient working capital situation. They are carrying 30% inventory compared to their annual sales coupled with significant receivables (20% of sales), is putting pressure on working capital so short debt situation is worrisome.
Cash and Quick ratios are not healthy.
So a PE of 22X already looks quite high for near term. Long term views are positive but not expecting a great appreciation for 1-2 years from this level.
Really look forward to getting your views.
i am very bullish on liberty…since it is under re-structuring a bit of temporary inefficiencies could come but i am not worried.yes re-structuring is delayed by an year but in the next 3 years this could be the story to watch out for. Market cap is small as compared to industry size and therefore, for a medium sized portfolio it could be a good 3-5 year bet
Hi Ace,
Can you please give your views on Kanoria Chemicals & Industries Ltd??
no change from my previous opinion