Tuesday, 27 January 2015

SKM EGG PRODUCTS EXPORT (INDIA) LTD - RESULT UPDATE

SKM Egg Products recommended on 15th October @ 47.90 is now trading around 160 up 234% from recommended levels.


Today company has announced December 2014 quarter numbers as follows.

    
As seen above: Sales,Net Profit & EPS figures have boomed but other income too has sharply increased which is why the stock was under pressure today. Other income might include income generated by sale of by-products such as Egg-Shells or Export Subsidy therefore i am not taking it as an one-off since no asset sale has taken place. Important point is that the finance costs have decreased by 42.85% YoY which suggests that the company is heading to be a debt-free company soon.

Investors should continue to hold this stock for multibagger returns, next review will be done only after next quarterly results or any special event.
Posted by at

45 comments:

  1. Ramesh Patel27 January 2015 at 16:56

    There are 02 distinct columns in result : 1) Other operating income 2) Other inclome.

    Now if selling of egg shells is included in "other income" what is included in "other operating income"? I think it is very IMP to know this !! Will you pl. enlighten your readers sir ?

    ReplyDelete
    Replies
    1. The Ace Investor27 January 2015 at 17:34

      This is as per my conversation with their financial dept. and they went on to say what i posted above and i found it to be true, Regarding other income another thing is forex gains.

      You can send a mail to the company, they should give an detailed response about the same.

      Delete
    2. The Ace Investor27 January 2015 at 17:41

      I have already sent an e-mail to the company for the same, request you to do the same.

      Delete
  2. Anonymous27 January 2015 at 17:34

    Can we enter now at this counter?

    ReplyDelete
  3. aman27 January 2015 at 18:31

    Sir ,Can I buy Richa Finds at current level pls advise
    Regards
    Anurag

    ReplyDelete
  4. Unknown27 January 2015 at 19:31

    Isn't net profit % calculation wrong.? Actual numbers gives immense boost to the readers. :-)

    ReplyDelete
    Replies
    1. The Ace Investor27 January 2015 at 23:19

      corrected :)

      Delete
    2. Anonymous28 January 2015 at 14:56

      Sir, what might be the reason for fall of share price of Commex Technologies. As you said gamblers can get into this one. I love gambling as M S Dhoni does.

      Delete
    3. The Ace Investor28 January 2015 at 15:26

      reason? the company is involved in UCX scam.

      Delete
  5. Anonymous28 January 2015 at 14:58

    Sir why Dynemic Products is falling daily.

    ReplyDelete
    Replies
    1. The Ace Investor28 January 2015 at 15:26

      had a conversation with Mr B K Patel the MD of Dynemic Products Very re-assuring There is no promoter selling going on and he also said that the company s business is growing at robust pace without any trouble He added that there are no fundamental negatives causing the price correction and they are going to announce results on 14th Feb which will reaffirm shareholders faith and regarding Mr Dayabhau Patel the one who is shifted from Promoter to Public is the uncle of promoters and there is not even a family spat it is just that he was not interested in being on the board All in all i feel he stopped short of telling me but the results are going to be awesome.

      Delete
  6. Amudhan28 January 2015 at 15:03

    Sir

    I have bought Richa industries @41/- (23/1/15) and the price come down to Rs.35/- today. i am holding 2000 shares can i average or book loss. pls advice

    Thanks

    Amudhan

    ReplyDelete
    Replies
    1. The Ace Investor28 January 2015 at 15:25

      Blogged richa around 33... Don't invest if the reports don't look convincing to you, This blog is for long-term investors and not for short-term trading, I will hold this stock patiently and wait for 150-200+

      Delete
    2. Ramesh k29 January 2015 at 20:23

      You are great sir.

      Delete
  7. Niveshak28 January 2015 at 16:38

    Sir, how would u rate amd industries and pioneer embroideries

    ReplyDelete
  8. Anonymous28 January 2015 at 19:39

    Sir, Among REI Agro, Karutari global and Rasoya Protien , which one do you prefer.

    ReplyDelete
  9. srinivas29 January 2015 at 10:34

    hi Ace, want to know your view on orient beverages for long term, may be more than 5 yrs?

    ReplyDelete
  10. Niveshak29 January 2015 at 12:20

    Sir... Vidhi stuck in 20-22 range for quite sometime... What is ur take?

    ReplyDelete
  11. Anonymous29 January 2015 at 17:09

    hello Sir

    What is your Views on SKS Microfinance after its result

    ReplyDelete
  12. aman29 January 2015 at 20:12

    What's your view on SKM egg as this has been falling for a while
    Regards
    Anurag

    ReplyDelete
  13. Anonymous29 January 2015 at 21:30

    Mr Ace... Please let me have your opinion on Jagsonpal pharma and Tirupati inks. Thanks in advance.

    ReplyDelete
  14. Anonymous30 January 2015 at 02:19

    Hi Ace,
    Sir what is u r view on galaxy entertainment at present level at cmp of 35. Is this ok time to buy.

    ReplyDelete
  15. Unknown30 January 2015 at 11:33

    Ace sir,

    pl suggest about above query related to galaxy entertainment

    thnx

    ReplyDelete
  16. Anonymous30 January 2015 at 13:34

    Can i buy vidhi dyestuff at CMP 20.10 pls advice

    Thanks

    Amudhan

    ReplyDelete
  17. Anonymous30 January 2015 at 19:25

    Hi, ur view on Rajoo Engineers after good December quarterly result?

    ReplyDelete
  18. Unknown31 January 2015 at 12:53

    Whether Orient Green Power can be accumulated for 3 to 5 years?

    ReplyDelete
  19. rams31 January 2015 at 19:08

    shall i put sip in skm egg for 10 years?

    ReplyDelete
  20. Anonymous1 February 2015 at 15:09

    Hi Ace,

    whats your view on redington(india) with apple posting best quarter ,will this have cascading effects on their distributors too??Even on the day of sharp fall, during concall the management was confident of keeping the leadership position .What ur view on this at CMP?

    ReplyDelete
    Replies
    1. The Ace Investor2 February 2015 at 08:39

      Irrespective of what the Redington management believes the truth is that the giant Brightstar has not entered India to let Redington maintain its leadership position.

      Delete
  21. Anonymous1 February 2015 at 19:56

    Sir what could be the target price for SKM in 1 Year?

    ReplyDelete
  22. Unknown23 March 2016 at 19:28

    What is ur long term view on prima plastics and jb chemicals/ pls help?

    ramamu

    ReplyDelete

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