Excel Industries Ltd
Analyze Further
Stovec Industries Ltd
To analyse further, hovever no credit ratings available, Analysis available on dr. vijay malik site
Indraprastha Gas Ltd
Analyze Further however, peg = 1.84
Alkyl Amines Chemicals Ltd
Numbers seems good except its debt, which they couldn't reduce to one digit (less than 10 cr.) in the last 10 years. When comparing its sales growth with the self sustainable growth rate (SSGR) for the last seven years, whenever it grows beyond its SSGR, debt increases. At present its SSGR is ~20% but sales growth is 31%. And either it grows either above 22 or below 10. In the latest quarter they have reduced borrowings by improving inventory turnover and reducing debtor days. Need to find moat of this company. Cannot buy just because it reduced its debt in the latest quarter.
Balkrishna Industries Ltd
A good company, a lot of FCF, but, for the past 3 years increasing beyond its capacity (SSGR). PEG ratio is 2 and current (Nov 2019) PEG ratio is 3.7. OPM varies between 19% - 30%, therefore profit might go down and share price could slump any time. A lot of ongoing capital intensive projects and in company's annual report have clearly mentioned they could use debt. Company is not able to reduce its debt at a significant rate and they are taking about borrowing more money. I think, first company should reduce debt to a significant level and then increase plants. Also they are showing that they have very high interest coverage ratio (114) but in reality it is not. According to my very rough estimation, it should be around 10. Should wait for some quarters and check its borrowings before investing in this company. Also I couldn't find company's existing clients and its plan to acquire more client agreements but I read somewhere that company is facing difficulty getting new clients and therefore will focus more on existing clients. Company's 1/3 of revenue comes from cyclic industry.
Caplin Point Laboratories Ltd
cPAT > cCFO, no credit ratings, debtor days sharply increasing check why profit down, Analze further Final Result - No
Chemcrux Enterprises Ltd
No credit ratings, No quarterly results available, borrowings increasing, consistant share selling Final Result - No
Control Print Ltd
cPAT > cCFO. Sales low 5 years, Analyze Further Final Result - No
International Paper APPM Ltd
Sales growth low ( less than 10% ) for the past 5 years, bad past performance, If time availabe can check why performance down. Final Result - No
IST Ltd.
Poor growth in 5 years, no dividend, no credit ratings, Do not analyse further even if its profit increasing day by day because it never pays dividend. Retained earning - 592, Mcap increased - 216. It has eroded investors wealth. Final Result - No
Mindtree
Technology company. Not interested
Oriental Carbon & Chemicals Ltd
Debt funded. In 8 years couldn't paid debt. debt increased from 2016 to 2019 Final Result - No
Paushak Ltd
Everything is great except cPAT >> cCFO which means profits are fictious, its because debtor days have been improved which means company don't have problem collecting payments. Final Result - No
PTL Enterprises Ltd
Low ROCE, No credit report, poor growth and ROE, If time availabe can check why performance down. Final Result - No
Sadhana Nitro Chem Ltd
OPM % vary a lot, although profit increased in the middle, but not feasible as peaceful investing because again performance down. If time availabe can check why performance down. Final Result - No
Transpek Industry Ltd
No, couldnot nullify borrowings in 10 years, If time availabe can check why Final Result - No
NOTE : I don't own any of these above stocks above mentioned as on 25th November 2019.