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25 different companies detail analysis threads posted in last 25 days !!!

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Read 5 tweets
Annual Report Highlights No : 11

#Princepipes FY 22 Annual Report Highlights

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Prince Pipes and Fittings is one of India’s largest integrated piping solutions providers based in
Over 3 decades, the company has been engaged in the manufacturing of polymer piping solutions in
five types of polymers - CPVC, UPVC, HDPE, PPR and LLDP. With an exhaustive product portfolio of
7,200 SKUs positions, Prince Pipes is an end-to-end solutions provider.
Prince Pipes has an extensive a pan-India distribution network of over 1,500 channel partners. With
Read 20 tweets
Hi Nishant, I wrote a detailed thread on why I think it can fail. While any setup can fail, but obviously some are more failure prone and some are less.

We were taught to measure base in 2 ways - depth and duration. These are the key factors which differentiates a (1/n)
flat base kind of setup from larger bases like CNH and W Bottom, VCP as pattern etc.

According to WON, a base can qualify for a flat base if it is 4 week long and upto 15% deep. But WON himself says that Flat Bases are weak bases - they work better when they emerge as a (2/n)
base on base kind of thing.

Why Flat Bases are weak - think upon it. The answer lies in the Wyckoff's Law of Cause and Effect. Larger the cause, bigger the effect it will produce.

When I started reading WON's book - something which attracted my attention was - the book (3/n)
Read 15 tweets
#Princepipes Q1 23 Concall Highlights

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1. Volume and value grew 69% and 83% y-o-y respectively, led by building materials segment. Revenue grew 83% to 604cr in Q1 2023 compared to 331cr in Q1 2022. Volume grew by 69% to 31215 MT.
PAT declined to 16cr in Q1 2023 from 18cr in Q1 2022

2. EBITDA was 44cr indicating a growth of 6%. Margins was 7.3%, which dropped from 15-17% levels Margins to remain under pressure in Q2. Margin guidance for December quarter is around 13-15%. Margin Drop was because of
inventory losses and channel destocking impacting operating leverage

3. Demand for agri in Q1 was weak while for SWR and Plumbing was resilient. Softening PVC prices resulted in a muted sentiment across value chain causing destocking among channel partners.
Read 14 tweets
It's Time to Bargain Hunt 💯
24 Picks to Beat the Market!🚀

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A major thread🧵

@kuttrapali26 @caniravkaria @Puretechnicals9 @ProdigalTrader @nakulvibhor

⚡Volatility Contraction Pattern (VCP) + Descending Channel Formation + Retracement
⚡All are indicating that stock might show a quick rally of 15-20% in upcoming weeks
⚡Timeframe - 3 months

#RelianceIndustries #nifty50

⚡Volatility contraction pattern + Double bottom formation + May form Inverted Head & Shoulder pattern
⚡As the company announced the buyback, this stock has a low chance of risk. One may add for 4-5 months for 20% from this IT giant.

Read 26 tweets
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Read 18 tweets
Thanks for sharing 🙏. Loved it. Much to learn from both camps.
Reminds me of an anecdote which happened recently. Wanted to share some knowledge on how I value #lauruslabs
#Valuations by their nature are subjective so some of these will be opinions.
Someone recently asked me following:
#lauruslabs has publicly stated guidance of doing 1B$ revenue in Fy23, with 30% EBITDA margins. They calculated profits to be 2340cr in Fy23. So P/E based on Fy23 earnings would be 14.
Question: Is this cheap?
My Answer (Rest of the thread):
Philosophical: Valuations lie in the eyes of the beholder & are most difficult part of any investment thesis; personally. There is no single “valuation”. Each investor must make their own decision on how to value, what's cheap, what is expensive.
Read 22 tweets
#princepipes great conference call after amazing Q4 results. My key takeaways:
1. While industry degrew by 15% in FY21, prince had 4% volume growth.
In b/w lines:
Prince is consistently gaining market share for 7-8 quarters. Only 5% market share currently. Industry is fragmented.
Larger players have distribution and logistics cost advantages. Can invest in brand building (Prince did ~4.5% of sales in branding in Q4 due to 1 off inventory gains, generally does 2.5-3%). Over long term, prince can compound topline faster than Industry growth of 12-14%.
2. Three drivers of high Ebitda margins in Q4: inventory gains, product mix change, superior pricing power. Long term guidance of 14% margins.
In b/w lines: CPVC pipes were 20% of topline before lubrizol tie-up. Astral has much higher (30% market share to prince's 10% of cpvc)
Read 13 tweets
Indian Plastic Pipes and Fittings Industry: A Huge multiyear growth opportunity 📈

-Industry to grow at 12-14%. CAGR over next few years.
-Organised segment accounts for 60-65% market share.

(1/8) Image
Major Growth Drivers-

-Government focus
-Increase in India's per capita plastic consumption.
-Substitution and replacement demand.
- Consolidation in pipes industry.

(2/8) ImageImage
Types of polymers and applications 👇

-Unplasticised Polyvinyl Chloride (UPVC)
- Chlorinated Polyvinyl Chloride (CPVC)
-High-density Polyethylene (HDPE)
-Polypropylene Random (PPR)
-Composite Pipe

(3/8) Image
Read 8 tweets

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