#vip sum of last 4 years of cash flow from operations 200 cr, means avg 50 cr. Even if consider latest year normalized value 60-70 cr , one is paying 70-80x cash profit DESPITE so much correction. Hyped story on name of brand, consumer durable , travel theme ? How u justify ?
The same no for 2008-11 was 150 cr. So, from 2008-11 to 2016-19, 8 year increment is from 150 cr to 200 cr (m taking 4 years to normalise working capital effect spreads), 8 years, 33% total absolute growth. That's not even 4% cagr growth in cash profit . Missing something ?
So , ultimately , we r paying min 70x cash profit for a less than 4% cagr cash profit growth story. Why ??
Now some fun facts on shareholding : Jan16 to sept 18, FII went from 0.4 to 12%, price from 96 to 600. After that FII, started selling off. Retail n MF have been buying lapping up 6%+,price is down from 600 to below 400. Business wise not much changed😁
The price in 2012 was 200 n in 2016 went down below 100. No one recognized quality then. May be it was the ITC was 2012-16 😁 before quality emerged once FIIs said - Tathastu . #qualitynarratives
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Current price performance:
Last 5 year numbers say it all - a mere 5.5% annualized returns failing to beat FD.
Ask guys 5 years back, how was HDFC treated in market then
Given stock has not given good returns, it is important to understand if stock performed badly earnings wise in last 5 years. Nothing changed in last 5, 3, 1 year.
Is the future going to be different and is stock going to underperform big time on growth?
HDFC Bank (keeping merger aside) has added employes and branches at 22-24% growth rate in FY23 vs FY22.
Conference calls r best way to understand business. 💡10 Key #ConcallInsights #Intellectdesign #Q2FY24
💡What excites: A software business with high growth prospects of 15-20% topline growth and higher PAT growth
💡 Some unique aspects of software business. The development to sales cycle of software business explained (we discussed this at length during our IT supersession).
💡 8 out of 12 products are in the leadership quadrant of global technology analysts like Gartner, Celent etc. Says about the strength of software business (software is a differentiated business compared to services, discussed at length in our supersession)
1⃣ Every 3rd tube produced in the oral category globally is an EPL tube.
2⃣EPL Ltd is the world’s largest specialty packaging company manufacturing laminated tubes, s in Beauty & Cosmetics, Food, Oral Care, Pharma & Healthcare and Home Care with 8 billion tubes production capacity
3⃣EPL aspires to be one of most sustainable packaging companies in the world when it comes to use of green and recycling products with significant improvement and leadership in industry sustainability ranking.