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Mohit Jangir Profile picture
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24 Mar, 5 tweets, 4 min read
Borosil Limited : 🧵

• Sales of Larah grew by more than 4 times in 5 years !

• Trading at an EV/EBITDA of 34 times (TTM Basis)

• Expected EBITDA for FY-22 : 120+ Cr. ; lesser than 15x EV/EBITDA.

• 7-Years CAGR in Revenues : 25% while in Operating Profits : 32%.

(1/n)
About the company :

• Borosil Limited was established in 1962 by the earlier promoter Corning glass and it was acquired by Kheruka family in 1988.

• Borosil Limited is a very well diversified company which consists of consumer products and life-sciences division.

(2/n) ImageImage
Business Segments :

• Consumer Products Division

• Larah - Opalware brand

• Comparison of Larah & LaOpala

• Medium-term guidance on CPD business

(3/n) ImageImageImageImage
• Scientific & Industrial Products Division

• Klasspack - Pharma Packaging

• COVID Opportunity in Klasspack

• Medium-term guidance on SIP business ImageImageImageImage
Financials :

• Growth in last 9 years

• Expected RoE and RoCE for upcoming year

• Outlook

Note : These are our expectations based on our calculations. Please don't get carried away by the numbers. ImageImageImageImage

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More from @Investor_Mohit

Mohit Jangir Profile picture
18 May
Kingfa Science & Technology (India) Limited :🧵

There is nothing more powerful than an idea whose time has come !



- Victor Hugo

Read more about the company in this thread. :)
About the Company :

• Hydro S&S to Kingfa (India)
• Brief overview about parent company ImageImage
Products : (PP + EP division)

• Polypropylene
• Engineering Plastic Compounds
• Fiberglass
• Thermoplastic Elastomers
• Product Applications ImageImageImageImage
Read 8 tweets
Mohit Jangir Profile picture
11 May
These are 5 companies which can grow in next 5+ years : (not a buy recommendation)

(i) Neuland Lab :

- Unit-III yet to contribute ; can increase revenues by 300-400+ Cr.

- Peptides : Early mover advantage ; should contribute in coming years.
(ii) Medicamen Biotech / Shivalik Rasayan :

- Trading at premium valuations because of their entry into oncology segment.

- Shivalik into APIs and Medicamen into Formulation ; both are operational now.

- Exponential growth is possible due to lower base.
(iii) Borosil Renewables :

- Trading at fair valuations.

- Expanding aggressively in Solar Glass segment.

- Honest management / promoters.

- Demand of Solar Glass is expected to increase exponentially due to increasing use of BIPV and Glass-Glass modules.
Read 6 tweets
Mohit Jangir Profile picture
4 Apr
#Solar Energy Theme :

There were very lesser investors who were aware or interested in this theme few years back.

Reason - Wealth destruction in Moser baer & Indosolar.

These companies expanded their capacity with the help of huge borrowings.

(1/n)
Later on, they couldn't compete with Chinese imports and were unable to service their debt.

Lesson learnt - Never over-expand without knowing the risks.

Now, India has set some ambitious targets for #Renewable Energy which makes it more interesting.

(2/n)
Now, let's understand cost percentage break-down of a solar power project :

- Solar Panels : 50-60% of the total cost.

- Solar Inverter : 10-15% of the total cost.

- Mounting Structure : 5-10% of the total cost.

- Balance of System : 5-10% of the total cost.

(3/n)
Read 12 tweets
Mohit Jangir Profile picture
13 Mar
#Nazara Tech is a very small company in the whole gaming sector but opportunity size is huge !!

#Roblox is trading at 40+ times FY-20 sales while clocking losses on operational and net level.

If the same happens in Nazara, Valuations can overstretch to unimaginable levels.
Global gaming market size is close to 158 Billion US$ while India is holding merely 1% market share globally.

Online gaming industry is expected to grow at a CAGR of 30-40%+ for next many years which brings an exciting opportunity to players like #Nazara.
Nazara is very well diversified and can be divided into 5 segments :

- Gamified early learning - Paper boat (Kidoppia)

- eSports - Nodwin gaming, Absolute Sports

- Freemium - Next wave multimedia

- Real money gaming - Halaplay

- Telco subscription
Read 7 tweets
Mohit Jangir Profile picture
1 Jan
This decade will bring far more changes than what have been done so far by humans.

Technology advancement to being aware about our climate.

R&D Sector will get lots of investment because most of us know that any virus can destroy the whole world and we will have to be ready.
Renewable Power is need of the hour as the world is moving toward clean energy which is environment friendly and cheap in costs too.

Covid taught us that only IT sector can keep us connected while we stay at home. There will be lots of advancement in this sector too.
The world is slowly moving towards automated and electric vehicle. Every sector is focusing on automating the processes. Demand of batteries will increase due to EVs.

Agri & Agrochem sector can shine in coming years due to recent policy changes. (If implemented in correct way)
Read 4 tweets

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