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Fact Finder, The🇮🇳 Profile picture
@TheFactFindr
May 28 • 4 tweets • 4 min read Twitter logo Read on Twitter
#SHOCKING #CRICKET

@BCCI is the #WORLDS #RICHEST CRICKET board (Valuation: Rs16500cr, Income: Rs3900cr)

Has NOT PUBLISHED its #ANNUAL #REPORT post FY17.

BUT that is NOT the Shocking Part, Read the #Thread

#CRICKET is a #RELIGION in India & #TRANSPARENCY should be Foremost Image
As per the FY17 Annual Report, @BCCI paid an INTEREST Cost of Rs115 Cr (400% YoY) while it’s INTEREST Income of Rs171 Cr (Fell 2% YoY).

BUT WHY were they paying 171Cr of Interest Costs when they had a CASH BALANCE of 3770 Cr (3560 Cr in FY16) ? ImageImage
Continuation
Continuation 👇

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More from @TheFactFindr

Fact Finder, The🇮🇳 Profile picture
May 29
#Genius #MasterStroke 81,000 Cr LOSS/yr

CANNOT MAKE THIS SHIT UP!

Govt Introduces a #POLICY estm to SAVE Rs 36,000 Cr/Yr in #Forex

BUT To SAVE Rs 36000 Crore, the Govt & Indian Public are SPENDING 300% or 117000 Crores more 😳

= 81,000 Cr LOSS/yr

#Thread on A #MasterStroke
#Modinomics decided in 2020/21 to Introduce the 20% #Ethanol Blending (Petrol) Policy.

Intention of the Policy designed by the @NITIAyog was to save India Rs36,000 in FOREX & help the Environment

Link to the document niti.gov.in/sites/default/… Image
BUT AT WHAT COST ?

FIRST: Every litre of Ethanol, Govt India will lose Rs15-20 in Tax Collections since:
👉Cost of Procuring PETROL is Rs45/lt
👉Cost of Procurement of ETHANOL is Rs65/Lt

👉Difference is Rs20/lt is LOSS IN TAX REVENUE

1020cr Ethanol = 20400cr in Tax Losses/Yr ImageImage
Read 21 tweets
Fact Finder, The🇮🇳 Profile picture
May 27
#UncommonSense
UK/US NRIs & Top 2% Indian Residents (30 Mn Income Earners > Rs6lac/per yr) praise #Medical #Facilities in India especially ability to Approach Specialists Directly

Driving though PUNE/MUM/BLR & reaching Hospital in time in a Medical Emergency is Impossible
These people generally forget that when they compare themselves to the US/UK NRIs vs the Indians in India… one is comparing the Avg US/UK citizen with the Top 2% in India

Let me explain
(1) For Indian hospitals in Major Metros in India average revenue per occupied bed (ARPOB) is Rs65k > 50% Annual Revenue for 60% of Indian population
Read 6 tweets
Fact Finder, The🇮🇳 Profile picture
May 19
#BRILLIANT #ANALYSIS

How many People get impacted by #taxterrorism of Newly implemented #TCS (Tax Collected at Source)?

ONLY 4.3 MILLION FAMILIES

That’s JUST 1.2% of INDIAN FAMILIES …. basically the TOP end of
India’s Travelling Abroad in 2019 has Still NOT been exceeded, so let’s use that Number. Indian who Travelled OUTBOUND in 2019 was just 27mn. ImageImage
Charts of Indians Travelling Overseas
Chart 1: Annual Trend
Chart 2: Percentage of Women & amen ImageImage
Read 8 tweets
Fact Finder, The🇮🇳 Profile picture
May 19
THIS IS #BIG ! #Hawala 2.0 Will EXPLODE in India post JULY 1st. Just My opinion:

By IMPLEMENTING 20% Tax Collected On Source (#TCS) on Foreign Spend (Currency, FX cards, Credit Cards, Debit Cards, Transfers), it becomes Increasingly more Cost Effective to Transfer Via #Hawala Image
If you try and BUY #Foreign Currency in the Black, that spread that used to be 2-3%, will now become 10% possibly

Unused Balances of Loaded Forex Cards will Go at a Premium of 10-12% Image
This REMINDS me of what happened in GOLD SMUGGLING in India post June 2022 when @nsitharaman decided to Raise IMPORT duty on GOLD to 12.5% from previous levels of 7.5% ImageImage
Read 9 tweets
Fact Finder, The🇮🇳 Profile picture
May 18
WILL #ITC Hive off the Non-Tobacco FMCG ?
During Q4 & FY23, Operating PAT Growth delivered by #ITCs non-tobacco #FMCG business has been No1 amongst Peers.
Revenue (+19% YoY) but EBITDA (+76% YoY) & margins a respectable 13.3%
Will Investors Attach Super High PE to Non-Tobac FMCH biz ?
I was looking at DABUR, its Consold Op Profit and PAT declined in FY23 vs FY22... its 3 yr CAGR is just 6% (that's way lower than inflation). Its Fwd PE and EV/EBITDA is 47 & 34 respectively (marketScreener.com) ImageImage
Now lets look at ITC Non-Tobacco FMCG business. Q4 Segment EBITDA up 76% YoY against Q4 Segment Revenue up 19.4% YoY Image
Read 4 tweets
Fact Finder, The🇮🇳 Profile picture
May 17
I am honestly surprised by #Fintwit waking up to this now !! I realised this on the day of the #Budget itself
👇
👇
Read 5 tweets

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