Skipper Ltd.
- Key Products: Transmission towers, telecom towers, solar structures & more
- Expanding global presence with diverse markets
At the end, it was good on SGMart management not to dodge the question and remove attendee from concall which some of managements do. However, I hope they would take it as a lesson and will be more cautious on future guidance and specially, when the guidance has an element of availability of information having spent 2 months in the quarter
Learning for investors -
1. Do not take any management commentary on face value. I see now a days a good trend towards reading concall but a bad trend towards taking any aggressive numbers given by managements on face value
2. Do not only look at current concalls but go through all old one to understand the difference between management "Kathani (what they say)" and "Karni (what they do)"
This is one way to understand management quality. Hope this thread was useful
What are your views on SGMart management in case you are tracking the company? Please share in comments. Also, do highlight if you came across similar interesting conference call
The attendee again highlights is question
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SGMart Q2 concall is very interesting.
Here it goes -
Company posted inventory losses in Q2 due to sharp fall in steel prices in Q2. Against 2% guided EBITDA margin, did 1% EBITDA margin.
Orderbook stands strong, better than last year
FY28 revenue guidance of Rs 9,000 cr includes Rs 7,000 cr from EMS
-Jairam Sampath, KaynesTech
KAYNES Tech Says Stick To Revenue Growth Guidance Of ₹3,000 Cr & 15%+ EBITDA Margin For FY25 - CNBCTV18
Orderbook Stands Strong, Better Than Last Year
Have Fairly Good Visibility In FY28 Driven By OSAT Biz
Its An Aggressively Demanding Market With A Lot Of Execution Challenges
AURIONPRO Solutions Management Says Have a negligible presence in Europe before Fenixys acquisition
We expect European revenue contribution to reach double digits within 2 years
Fenixys is a profitable company and the acquisition will be EPS accretive
Fenixys is expected to achieve Aurionpro's margin level of 20%+ in 18 months
WABAG Ranked 3rd among "World's top 50 Private Water Operators"
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ORDER BOOK MORE THAN MARKET CAP
RKEC PROJECTS
Market Cap : Rs 227 Cr.
TTM Sales : Rs 419 cr
Order Book : Rs 1170 cr
Order Book more than 4 times of Market Cap and approx 3 times of Sales.
Current Price : 94.5
Stock P/E : 8.98
Book Value : 74.1
ROCE : 16.0 %
ROE : 12.6 %
Debt to equity : 0.94
Promoter holding : 66.1 %
OPM : 13.7 %
Sales growth : 51.0 %
Med Sales Gwth 10Yrs
17.4 %
No Buy/Sell recommendation.
Credit : CMA Gurvinder Malhotra
Don't see any revenue or volume growth in FY25, impact of Karnataka duty + rise in iron ore prices would lead to Rs 3,000/tonne price hikeCopied from stockaajorkal telegram channel
Finding it very difficult to increase prices due to China dumping, would want the scope of dumping investigation to be expanded beyond flat rolled products
RK Goyal, MD , Kalyani Steels to CNBC-TV18
POKARNA
Mgmnt targets
- Improvement in US market next year
- Quartz biz will do >30% in FY25 revenue growth
- US accounts for over 90% of Co's revenue
- Capex in Quartz Biz typically yields 1-1.5X turns
POKARNA Says Quartz Biz Will Do More Than 30% In FY25 Revenue Growth
Granite Biz Will Remain Muted
Will See An Improvement In The US Market Over Next One Year
US Accounts For Over 90% Of Co's Revenue - CNBCTV18
POKARNA ON SALE OF APPAREL BIZ , Co. Says actively Looking For Partner
It will take some more time to Get That Business Off
Disclosure: I personally kot hold this company
Disclaimer :
This is not buy sell recommendation, Shared only for study purpose 🙏
BALANCE SHEET
DEBT FREE COMPANY
RPP infra enters Sri lankan realty market
🔹Current order book: ~3400cr
🔹Market cap: ~850cr
🔹TTM PE: 13.3x
Now, Mr. Moderator chips in to jump to management but to the credit of attendee as well as management which did not shy away, question reiterated.
Management responses guiding for full year, however, attendee view - guided for that quarter.
We need more such real concalls than hi hello thanks for the opportunity.
As per question asked by one of the attendees - Management participated in an investor conference in Sept 2024 when 2 months of Q2 were almost over and guided for worst case 2% EBITDA margin where as came up with 1%. Go through this conversation. It is clear that management is not answering the actual question asked and citing the challenges company faced.
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Top Read theoutlookmoney
Mr. Raamdeo's view on markets
KAYNES tech Says Have ₹3,400 Cr Capex For Semicon Biz & ₹1,400 Cr For PCBS
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IGL , MGL , GUJARAT GAS ; Sources says Industry approaches govt for immediate relief to CGD sector
Proposal Seeks Excise Duty Cut From 14% Το 7%
BIG POSITIVE FOR GAS COMPANY
Sharing a list of 25 Stocks -
❇️High Operating Margins
❇️PE < Industry PE
❇️Low Debt
This is not buy sell list , study and then decide
HUGE ORDER BOOK
KALPATARU PROJECTS INTERNATIONAL
CMP : 1276
Market Cap : 21790 cr
Order Book : 60631 cr
Stock P/E : 42.3
ROCE : 16.0 %
ROE : 10.4 %
Price to Sales : 1.07
Debt to equity : 0.94
OPM : 8.31 %
Sales growth : 15.5 %
Promoter holding : 33.5 %
Public holding : 8.23 %
New and Improved Weekly Research Ideas #2
Look into the following stocks very few people are talking about but are very interesting-
All of this again, leveraging The Wrap by
itsTarH
Railways - Safety - Kavach - Updated Status
Progress with Kavach System:
- 5133 km of Optical Fiber Cable laid.
- 540 Telecom Towers and 523 Kavach installations at stations.
- 707 locomotives and 3434 km of track equipped with Kavach.
Future Plans:
- Equip 10,000 locomotives; 69 sheds ready.
- Bids for Kavach on 15,000 km of track.
Other Details:
- 3 OEMs approved for Kavach supply & others still in evaluation mode
- Over 9000 railway personnel trained on Kavach.
Execution may take longer, factor in accordingly 👍
Hblpower
Tejasnet
UFLEX MANAGEMENT Says Expect Margins To Hit 14% By FY26
Lower India Revenues To Be Offset By Stronger Export Market
New Investments, Improvement In Flexible Packaging Film Segment To Help Margins
Urban Markets Were Sluggish In H1 FY25
Copied from stockaajorkal telegram channel
Co's Has A Healthy Mix Of Indian & Export Business
Believe Co Is Well Placed On Volume Growth - NDTV PROFIT
Syrma Sgs Management Says Exports Are At 25% Of Biz, Targetting 30-33% In Exports- CNBCTV18
Target 5,200-5,500 Cr Revenue In FY26 With 27% Export Contribution & 7% Margin
Stand By Guidance Of 310-320 Cr EBITDA
Change In Product Mix May Cause Some Shift In Revenues
Company looks attractive as company have good order book and available at cheaper value
Med to long term looks good
Solar Power Project in Sri Lanka
Sri Lanka Ports Authority transferred the Land area of 20 hectares to R.P.P Infra Project (Lanka), a subsidiary of the company to set up 10 MW Solar Power Projects in Sri Lanka.
