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.

47 comments:

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

      Delete
  2. Can we enter now at this counter?

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

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

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    Replies
    1. 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.

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    2. reason? the company is involved in UCX scam.

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  5. Sir why Dynemic Products is falling daily.

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    Replies
    1. 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.

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  6. 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. 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+

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    2. You are great sir.

      Delete
  7. Sir, how would u rate amd industries and pioneer embroideries

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

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

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

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  11. hello Sir

    What is your Views on SKS Microfinance after its result

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

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

    ReplyDelete
    Replies
    1. jagson fairly valued, tirupati under research.

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

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  15. Ace sir,

    pl suggest about above query related to galaxy entertainment

    thnx

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  16. Can i buy vidhi dyestuff at CMP 20.10 pls advice

    Thanks

    Amudhan

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

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

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  19. shall i put sip in skm egg for 10 years?

    ReplyDelete
    Replies
    1. you can but make sure you research well.

      Delete
  20. 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?

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    Replies
    1. 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.

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

    ReplyDelete
    Replies
    1. Depends on how well it grows financially.

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

    ramamu

    ReplyDelete