Ship Building companies🚢🛳⚓️🔱🌊🫧
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#SPMLINFRA - 𝐓𝐈𝐆𝐄𝐑 𝐂𝐎𝐍𝐂𝐋𝐀𝐕𝐄 𝐈𝐍𝐒𝐈𝐆𝐇𝐓𝐒
⚡️Going to secure 1500crs over next 3-4 years in awards
⚡️Debt Free
⚡️Targeting order inflow of 6000crs with 12-15% EBITDA MARGINS
⚡️25lkhs crores expenditure lined up by government over next 15 years according to the company
Sree Rayalseema Hypo is expanding into PCB , electronic components, Semiconductor and Electronics Manufacturing Services (EMS). Its operational sodium metal plant earnings may rise exponentially. Its FY24 EPS of Rs.46 has a PE of 13x making it a promising multibagger candidate.
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"Good management in a bad business is better than bad management in a good business."
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Mutual Fund Selection Made Easy, Fund Type: Equity, Value Oriented, Direct Plan, Only for study purpose 💴💶💷💵
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India palm oil output to triple in 6 years as farmers plant more, says Agrovet exec
India's palm oil production is likely to triple in six years as the area under oil palm plantations increases and as plantations become mature for harvesting, a senior industry official said on Friday.
The world's biggest edible oil importer relies on Indonesia, Malaysia and Thailand for palm oil supplies. An increase in production will help India slash edible oil imports that account for nearly two-thirds of its total consumption.
India's palm oil production is likely to jump to 1.2 to 1.5 million metric tons by 2030-31 from the current 400,000 tons, as farmers have been expanding the area, said Sougata Niyogi, chief executive officer of the oil palm plantation division at India's biggest palm oil producer, Godrej Agrovet Ltd.
Oil palm trees start yielding fruit 3-4 years after planting, with yields increasing significantly at around 6 years.
The oil palm area has been rising at a rapid pace since New Delhi started providing incentives to farmers from 2021 to curb vegetable oil imports, which cost it $15 billion in the last fiscal year.
The area under oil palm cultivation increased to 375,000 hectares (926,600 acres) by last year, and an additional 80,000 to 100,000 hectares is likely to be added this year, Niyogi told Reuters on the sidelines of the Globoil India conference.
"Government policies are helping farmers expand their planting areas. The new plantations should be ready for harvest by 2030-31, and that's when we'll see a big jump in production," he said.
India currently imports around 16 million tons of vegetable oils per annum, including 9 to 10 million tons of palm oil, mainly from Indonesia, Malaysia and Thailand.
Godrej Agrovet expects its palm oil production to double to 250,000 tons by 2030-31, Niyogi said.
Two years ago, there was a shortage of sprouts, which India imports to produce seedlings, but now enough sprouts are available to accelerate oil palm planting, he said.
(Source: ET)
Good conversation on sector rotation
https://youtu.be/LSOXBOXxsTw?si=wic_KALuU3SuAJDk
Raymond's Lifestyle (Interesting Opportunity)
Recently it got demerged from Raymond ltd
Future Guidance
~ Double EBITDA by 2028
~ 12-15% REV growth
~ ₹600-700 Cr Free Cash generation
FY24 Segmental Performance
Branded Textile
- REV: ₹3,449 Cr
- EBITDA: ₹706 Cr (20.5%)
Branded Apparel
- REV: ₹1,587 Cr
- EBITDA: ₹183 Cr (11.5%)
Garmenting
- REV: ₹1,035 Cr
- EBITDA: ₹107 Cr (10.3%)
Two Segments:
B2B ~ Garmenting & High Value Cotton Shirting
B2C ~ Branded Textile & Apparel
(This is what looks interesting)
Growth Drivers:
~ China/Bangladesh +1, FTA
~ Indian ethnic wear opportunity
~ Retail store expansion & premiumisation
~ Expanding new categories: Sleepwear & Innerwear
~ Expand garmenting capacity to 10+ Mn garments, Capex: ₹200 Cr
Targeting 15% CAGR in men's wedding market for 6-7% market share by 2027
650+ stores to be added by FY27
EBO Network: 900 (currently 409)
TRS (The Raymond Shop): 1,200 (currently 1,065)
Brands in menswear:
- Raymond, ColorPlus, Park Avenue, Parx
New Categories:
- Ethnix, Sleepz, Park Avenue Innerwear
Mcap: ₹14,500 Cr (CMP: ₹2,380)
Total EBITDA: ₹1,093 Cr
Net Cash Surplus: ₹227 Cr
Valuations: Reasonable
EV/EBITDA: 13x
If we compare with peers, valuations look very reasonable
Possibility of getting re rated in future
Do refer to the Investor PPT, very detailed
Only for study purposes
No reco
