WASH-OUT QUARTER
Delta Corp June end
Sales down 74%, reports an ebidta loss at 33 cr, net loss as well
Online skill gaming reports net revenue of 48cr vs 35cr last year
Casino gaming division 0 revenue. Vs run rate of 160-180cr
WEAK
Fineotex Chem March end
Sales down 13%, ebidta down 12.5%, reports a net loss of 6.3 cr
PHUUUUS RESULTS
Rel. Indl. Infra June end
Stock has moved from Rs 162 to Rs 458 (52-week high 480)
Sales down 36%, ebidta down 42%
M-cap 692 cr, June qtr pat at Rs 1 cr
March 2010 pat at 22 cr and now at Rs 8 cr
TTM P/E 71x
Investments at 266 cr, net fixed assets at 65 cr
PHUUUUS RESULTS
Khadim March end
Sales down 23%, ebidta loss at 8 cr, net loss 20 cr
Borrowings increased from 109 cr to 287 cr
M-cap 210 cr, margins fallen from 11% to 4% (7% in 2019 – so don’t blame covid alone)
PHUUUUS RESULTS
Natl. Peroxide March
Sales down 31%, ebidta down 60%, pat down 83% (37x p/e)
62% margins in June 2018 and now at 20% (last quarter was negative)
Opto Circuits March
Sales down 43%, ebidta loss 1.1 cr vs profit at 14.2 cr, net loss at 116.4 cr vs profit of 11 cr
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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
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.
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