#PhilipFisher was an American stock investor and author who was best known for his scuttlebutt investment philosophy mentioned in his book "Common Stocks and Uncommon Profits in 1958”.This book also encouraged Warren Buffet to change his Investment style from Cigarbutt approach
to Investing in High quality business. He is widely regarded as one of the pioneers of modern investment theory, and his ideas and methods have had a significant impact on the world of investing.
Scuttlebutt was a term coined by Philip Fisher that refers to
the process of gathering information about a company through informal sources such as industry contacts, suppliers, customers, and employees. According to Fisher, scuttlebutt can provide valuable insights into a company's culture, management team, and competitive position that
may not be readily apparent from financial statements or other traditional sources of information.
Fisher believed that scuttlebutt was an essential component of his investment approach, and he encouraged investors to make the effort to gather as much information as possible
about the companies they were considering investing in.
We at Value Educator also conduct scuttlebutt as part of our research process to gain deeper insights into the companies they cover.
This approach can be particularly useful for uncovering information that may not be readily available through traditional sources and can help investors make more informed investment decisions.
Do join our Micro Cap Club for the research reports and to know our insights about the companies.
Detailed Analysis on the business of Tinna Rubber and Infrastructure - The largest integrated end-of-life Tyre Recycler in India.
CMP: ₹ 386
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Topics covered:
Company overview
Industry overview
Products
Management
Revenue Mix
Raw Materials
Value Chain
Manufacturing Plants
Company’s Key Focus Area
Previous Capex
Current Capex
Financials.
1) COMPANY OVERVIEW
Tinna Rubber & Infrastructure Limited (TRIL), was founded in 1977 by Mr. Bhupinder Kumar Sekhri.
Key highlights from Apcotex Industries ltd Q3FY23 Concall:
CMP: ₹ 444
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1. The company has faced a decline in EBITDA margins and some inventory losses due to decrease in their raw material prices, the raw materials for the company being petrochemical products. The company has benefited in earlier times from the price increase in these raw materials.
The company mostly imports their raw materials from Europe and China and due to the current China+1 and Europe+1 situation coupled with the supply chain uncertainty in the last 2 years, the company plans to de-risk their imports from these 2 geographies.
Key highlights from Clean Science and Technology Q3FY23 concall:
CMP: ₹ 1,401
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1. In spite of the ongoing issues in China, the company did not have any reduction in the business from China during the last 2 years.
The company has got almost 35% of its revenues from China during the 9MFY23 period and they expect the business in China to increase once, China completely opens up.
India Pesticides Ltd - A company which has performed well in the generic agrochemical space:
CMP: ₹ 217
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1. COMPANY OVERVIEW:
India Pesticides Ltd was incorporated in 1984. The company is into agrochemical technicals and formulations and is among the top five manufacturers for few of their herbicide and fungicide products.
The company also manufactures some active pharmaceutical ingredients for the pharma industry.
2. BUSINESS VERTICALS:
The company has 2 main business divisions which are:
Key highlights from Bodal Chemicals Q3FY23 Concall:
CMP: ₹ 62.6
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1. There has been a slowdown in the US and Europe which are the major markets for the company. The slowdown has been going on for the last 6 months due to rising inflation and uncertain geopolitical scenarios.
China’s growth has been sluggish due to zero COVID policy which has impacted the prices of commodities around the world which include dyestuff and dye intermediates.
Key highlights from Steel Strips Wheels Ltd Q3FY23 Concall:
CMP: ₹ 150
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1. The exports of the company declined Y-o-Y from ₹800 crore to ₹300 crore due to anti dumping duties, surplus inventory in America, increase in oil prices and the segment to which the company caters had reduced production.
However, the inventory has been run down, there is a drop in energy prices in America therefore, the company expects to see strong exports Q4FY23 onwards with the exports to at least double post Q4FY23 to the American and European market.