Varinder Bansal 🇮🇳 Profile picture
Jun 18, 2020 3 tweets 2 min read Read on X
All results declared on 17th June 2020 #excelgiri

GOOD
JK Cement: margins at 22.8% vs 18.4%, sales flat
Mangalam cement: ebidta up 134%; sales down 7%
Welsun corp: margins 10.9% vs 1.2%
ITD Cementation: sales up 25%, margin at 11.4% Vs -ve
Muthoot: gold
IGL: good margins Image
All results declared on 17th June 2020 #excelgiri

5 qtrs absolute sales & ebidta margins

Bad
FDC: margins 8.8% vs 15.9%
Thirumalia chem: ebidta down 69%, margins 4.1% Vs 11.7%
HEG: big big loss
Prataap snacks: margins 4.4% Vs 7.3%
Wheels india: sales down 35%, ebidta down 45% Image
All results declared on 17th June 2020 #excelgiri

Ugly
Cummins India: ebidta down 61%, margins at 6.4% vs 12.9%
Aban: ebidta loss of 7422 cr on sales of 354 cr??

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More from @varinder_bansal

Dec 30, 2022
Few of my learnings as an investor in 2022. A thread. 🧵
1) Investing is simple but not easy. It is very hard to become a long-term investor. Sometimes, it can be a lonely road especially when your hypothesis gets tested again and again

cont..
2)Watching the screen and trying to assess daily moves can be hugely unproductive if you are a long-term investor. Lot of people sell great businesses looking at the screen

cont..
Read 14 tweets
Aug 14, 2022
🧵Thread.

Tribute to Rakesh Jhunjhunwala sir by @omkaracap

60 inspiring quotes & learnings from RJ sir

RT for maximum reach
Read 21 tweets
Aug 14, 2022
🧵Thread.

Tribute to Rakesh Jhunjhunwala sir by
@omkaracap

60 inspiring quotes & learnings from RJ sir

RT for maximum reach
Read 17 tweets
Aug 14, 2022
🧵Thread.

Tribute to Rakesh Jhunjhunwala sir by @omkaracap

60 inspiring quotes & learnings from RJ sir

RT for maximum reach
Read 25 tweets
Mar 8, 2022
General Q: Why talks of US banning Russia oil imports?

Simple Answer: US does not get impacted economically

Sadly, it is about politics over peace talks/ effort
Fact check: US imports only 3% oil from Russia

US Oil imports from Russia in 2021, at $4.71 billion, is a 45% decline from a decade ago.
Fact check: Now, let us look at US oil exports which increased almost 3,000% due to increase in domestic production brought on by fracking + ended 4-decade-long ban on oil exports, dating back to the Arab Oil Embargo of 1973.
Read 4 tweets
Nov 3, 2020
Results declared on 2nd Nov #excelgiri #resultsxray

PS: Use ur own wisdom, view on results can vary person to person. I am still learning
Strong results
Ramco Cement
Ebidta/ tonne near 2000
Sales down 4.4% yoy, Ebidta up 49% yoy, Pat up 42% yoy
Volume miss; realisations spiked 17% YoY (a major surprise)
Jefferies: raise FY21 EPS by 60%, retain Rs1,000 PT
TTM PE at 35, 12% roce
Strong results with reasonable valuations
Coromandel Int
Sales down 5% yoy but up 43% qoq
Ebidta up 18% yoy, up 104% qoq
Pat up 17% yoy, up 135% qoq
TTM PE at 16x, 25% roce
Read 14 tweets

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