Amith Gowda Profile picture
Dec 20 22 tweets 20 min read
Business Analysis of Jupiter Wagans Ltd.

A Proxy for Rail Logistics?

Can it be accommodated in the electric CV market?

lets deep dive
1)#jupitarwagons #JWL #Railway #logistics
2)About JWL
- founded in 2006 by Lohia Family
-largest manufacterer of railway wagons
-over the years it has expanded into cast manganese steel crossings ,CV bodies,containers and other components
- backward ingrated with inhouse manu capacity for brakes & other ancillary parts
3)Turnaround

Backin 2019,JWL acquired CEBBCO,which was on verge of bankruptcy through buying stake from Axis & IDBI bank & reverse merged with self & JWL was listed in Stock market

CEBBCO is MP based manufacturer of tippers,trailers & defense Vehilces and also builds wagons
4)turnaround (cont.)

this acquistion not only gave access to new business but also capacity expanision in wagons

and with this company is trying to launch Electric Commericaial Vehicle with partnership with Green Power Mobility
5)Parterships and JVs

JWL has been built through no of partenrships and JVs with foregin Players for technology,design and products
6)Partnership and JVs (cont.)

i) Strategic Investor for RnD of new wagon development

it holds 20.5% stake in JWL
7)Partnership and JVs (cont.)

ii) LAF

Tech partner for high speed train development

Co is looking get order for #metro trains as well as high spped trains
#LAF
8) Partnership and JVs (cont.)

iii) JV with Talleres Alegira

for manufacturing of WCMS crossings for both broad Gauge and metro trains

JV currently has order book of 200Crs as on march 2022
9)Partnership and JVs (cont.)

iv) JV with DAKO-CZ for train disc brake manu, which will be used for high speed trains

Indian railway has already approved disc brake system for high speed trains like #vandemataram & #Shatabdi express

Huge opputunity here,as it is sole player
10)Partnership and JVs (cont.)

v) JV with Green Power Electric Mobility for developing electric CV

Co will launch 2T and 7/9 MT early 2023 for Indian Market taking head on with Tata Ace EV in micro segment
11) key partners for EV Business
12) Structure of Existing Business and New Business
13)Product Portfolio
14) Customers Base
15) Indian Railways plans to spend >Rs 1L crs to buy 90000 wagons to stregthen rail infrastructure

JWL has order book of 600crs secured till 2024

it is producing close to 500 wagons & is targeting to produce 600 wagons per month taking cap utilisation higher from 46% currently
16) Manufacturing plant

Co has got 100acres of land within 4Km Radius of railway siding and captive power station,which is it location adv which saves huge amount in logistics & transportation
17)Adding More reference materails

webinar on railway sector by @a_basumallick
18) Jupiter Wagons Stock Analysis by @amitabhvatsya

19)Q2FY23 Concall highlights by @KuberC27

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More from @amithv_gowda

Oct 26
Business Analysis of Yash Pakka

Waste isn't waste until we waste it

lets deep dive
1) #yashpakka
D- not invested Image
2)What made me look into this company is basically the promotor background?

Pradeep Vasant Dhobale

He is a prominent person in the paper industry,While working at ITC he moved from trainee to board level.
He was the person behind ITC's paper division &expanded it to new heights
3)Yash Pakka is involed in business of recycled paper and packaging products

the product contain low-carbon and are fiber based products made from bagasse which are recyclable

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1)
A Thread on Investing in Holding company

Should one consider investing in a holding company?

#holdingcompany Image
2)what is Holding company?

A Holdco is a type of company which holds a controlling interest in other companies called subsidary companies, which may or may not carry out business operations.

Valuation of holdco is done using sum-of-parts of the investments that the holdco holds
3) Types of holdco Image
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May 29
Globus spirits - Business Analysis

A great play on ethanol theme?

Sometimes I drink water to surprise liver, But can Globus spirits surprise with its performance?

A thread🧵
1)
#globussprits #unitedspirits #diageo #radicokhaitan #investing #stocks #nse
2) Story/ theme

- Contract Manufacturing
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3) About Company
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It's a unique 360° business model with forward & backward Integration
Read 17 tweets
May 22
Adani Wilmar - BUSINESS ANALYSIS

Transformation towards FMCG company from kitchen commodities

Can fortune brand turn the fortune for Adani Wilmar?

Let's deep dive

A thread 🧵
1)
#adaniwilmar #adani #AdaniGroup Image
2)
Story/theme
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- unbranded to branded
- increase in disposable income
- loose to packed products Image
3) Business segments
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ii)Packaged foods and FMCG - wheat Flour, rice,besan,pulses etc

iii)industry essentials -largest oleochemical player castor oil and it's derivatives
Read 19 tweets

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