pradeep

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  • in reply to: General Discussion #13852
    pradeep
    Registered Boarder

    My guess, instead the promoters have removed the individual shareholding from promoter group and holding the same in public category

    3+
    in reply to: General Discussion #13250
    pradeep
    Registered Boarder

    The Letter of SEBI is dtd. 16.09.2021. The question is why this information is disseminated on February 28, 2022. Is it an error on the part of the Exchange or the Company did not inform of this matter? In any situation, the purported audit should have been completed by now. Waiting for a clarification from the Company on the matter.

    in reply to: General Discussion (Hidden Gems) #12702
    pradeep
    Registered Boarder

    @Brightvenue, As regards BIRLA PRECISION TECHNOLOGIES, besides what has been mentioned by RishiLife about the current financials of the Company, please note that this a Yash Biral Group Company who is falme foyant boy of the Birla Family and a failed business man. Have a look at the history of his venture Birla Shloka Edutech wherein he failed miserably. This is my primary observation on the the first look of it. I will get in to greater details and come back soon on the same. Regards

    4+
    in reply to: General Discussion #12435
    pradeep
    Registered Boarder

    @Jay69

    You are right. Few points just for the sake of repetition.

    As said by the CEO in the last EGM while answering a query from an investor that getting LOC cheap in US would require improved credibility and valuation of the Company in India to which they are currently focusing besides working on different other things. These things takes time and cannot happen overnight. We, as a stakeholders need to be patient the way we keep patience while engaging in our own business / profession. The investment in shares of a Company is also, in a way, is a business wherein the investors from general class can put forward its views before the management in appropriate forum (AGM/EGM/Con-calls etc.).That’s why an investor need to be aware of the issues with the Company he/ she is investing in and need to be patient. In the event someone is not confident on the moves taken by the management of the Company, he/she is free to divest his stake at any point of time and move on to other business.

    in reply to: General Discussion #12305
    pradeep
    Registered Boarder
    in reply to: General Discussion #12195
    pradeep
    Registered Boarder

    Not repetition the basic figures. Just recapturing some info that may help our friends in the group in deciding either to continue or drop off the bus. Here it goes:

    1.Earnings per Share of Rs. 10/- approx. (will decrease with increased capital)
    2.Bonus in August 2021 in the ratio of 1 Shares for every 4 shares held
    3.Acquisition of a Company having presence in India, Europe and USA having workforce of around 1100 employees, the due diligence of the company proposed to be acquired is being done by E & Y. If acquired, will result in substantial top line / bottom line growth.
    4.Debt Free Company.
    5.PE of around 5.65 (Current Price 47.90)
    6.PB = 0.80 (Current Price 47.90)
    7.PB X PE = 4.52
    8.Graham Formula suggests the PB X PE of 22.50 which is the maximum price one should pay for a stock, i.e. Rs. 238.00 in case of BCG. It will differ with every change in its performance quarter on quarter.
    9.Growth has been stagnant due to shortage of working capital (industry requirement) wherein receivable ranges between 120-150 days as against the payable of 30 days. So, in order to be able to do higher business, the company needs higher working capital which they are planning to raise either through Line of Credit and / or borrowing, raising equity. Additional working capital of around Rs. 800 Cr. would help Company in achieving a CAGR of around 25 to 30% in the Top line.
    10. The Company is also working on AI/ML which is at the nascent stage. Once they achieve some success in the field, it is slated to be commercialized with which company would be in a position to achieve substantial growth in it’s topline/bottom line.
    11.Potential NASDAQ listing of it’s main subsidiary after consolidation of 12 subsidiaries in one company which would increase the valuation of the Holding / Indian Company.
    12.BCG is yet to penetrate in the Indian Market. Majority of its business comes from its subsidiaries outside India.
    13.1st generation Entrepreneur, a Technocrat from IIT Kharagpur.

    in reply to: General Discussion (Hidden Gems) #11973
    pradeep
    Registered Boarder

    @Rishi
    Reasons for the script being traded low inspite of showing profits
    1. It is only listed with BSE
    2. Company’s Account with SBI led consortium was NPA and company has not been providing for interests on these loans. If interest on these loans are provided then it is actually making losses.

    A detailed study is required for understanding the actual operational / financial position of the Company. Awaiting for the latest Annual Report (31.03.2021) which will clear the clouds on what is wrong with the Company.

    2+
    in reply to: General Discussion (Hidden Gems) #11956
    pradeep
    Registered Boarder

    Rattan India Power earning updates by the Management is attached for Boarder’s study please.

    1+
    in reply to: General Discussion (Hidden Gems) #11955
    pradeep
    Registered Boarder

    I have been following a stock Rattan India Power Limited. In summary, It is a off spring of the then India Bulls Group which came to the existing promoters on division of the group in three. The Company has a two Mega Power Projects (2700 MW), in Maharashtra one of which has become operational and posted profit last quarter. One notworthy point is that the management has successfully brought in foreign financiers to settle the dues of Indian Banks at some Rs. 4000 Crs Odd. Nasik Plant with 1350 MW capacity is likely start soon, it has come local hickups which the promoter is trying to settle very soon. The share is currently available at a cheap Rs. 8.50 (Rs. 10/- paid up). I see a potential multi bagger in this stock. Senior boarders may put in their views on this.

    in reply to: Preferential Equity #3002
    pradeep
    Registered Boarder

    As regards today’s Block Deal of 45L Shares, both, the buyers and sellers belongs to Goenka’s of Kolkata. Appears to be from the same group.

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Viewing 10 posts - 1 through 10 (of 10 total)