Thursday, 21 May 2015

RESULT UPDATE - PINCON SPIRIT - SKM EGG - WATERBASE

PINCON SPIRIT LTD

 Pincon Spirit Ltd posted on the blog at 115.50 on 16th May 2015.
Company has announced March 2015 quarter numbers today as follows.
As seen above: The numbers are way above the expectations. I was expecting full year topline to be around 575 crores and EPS was expected to be around 14.

The company however has reported growth of 80% in the top line and 67% increase in the bottom line.
The annual sales have already reached near 700 crores and Full year EPS is around 17.

For the first time, Pincon has even announced dividend which is great news for shareholders.

At current market price of around 125 the P/E comes at 7 which is extremely cheap for a fast growing company in an overall expensively valued sector.

As a investor i think it is a strong-buy and hold for me.


SKM EGG PRODUCTS EXPORT (INDIA) LTD

   Skm Egg Products Export (India) Ltd posted on the blog at 47.90 on 15th October 2014.
Company has announced results as follows.
 

As seen above: The full year numbers are great. The quarterly numbers were decent but market was over-expecting a bit from the company which is why the stock has already corrected more than 15% after results.

The company has also announced dividend after gap of five years.
The company has just sent sample assignments to Russia and soon it will actively start exporting to a lot more countries and regions so i think the growth has just started here and a lot of action to happen in future.

With EPS of 8.85 at current price of around 150 the stock is trading at a P/E of around 17 which looks expensive but with the company being a market leader and in a unique business where no listed competitors are there, I think the stock is still undervalued so i am going to hold it for multibagger returns with my eyes set on future growth prospects.



WATERBASE LTD

   Waterbase Ltd posted on the blog at 54 on 19th March 2015.

Company has announced results as follows.

As seen above: The full year numbers are great. The quarterly numbers were not so great and the market has already punished the stock due to that, But next quarter onwards good growth is expected.

The company has also announced dividend for the first time which will help the sentiment bounce back towards the bullish side again.

Its only listed peer Avanti Feeds too was a 200-300 crore company back in 2011-2012 when shares were trading around 40s and 50s so Waterbase is quite interesting at current valuations and if the management runs the company properly i don't see why they can't become Avanti of the future.
 
With EPS of 5.06 at current price of around 55 the stock is trading around P/E of 10 which is not expensive as only two companies are listed in this field. Avanti Feeds too is trading cheaply at p/e of 12, I am personally expecting both the stocks to rally sooner or later to trade at P/E of 20 and above.

As Daniel Kahneman says: "If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable"

Holding with patience is the right decision here.




Please note: My blog was hacked for a brief period and today i have regained access to it, Sorry for the outage.

40 comments:

  1. Good results analysis. Keep it up....

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  2. Any comments on what we can buy in these volatile conditions.
    Please recommend a few stocks at current levels
    Regards
    Anurag

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  3. What should I do with Richa Industries bought as per you recommendations its gone down ever since pls suggest

    ReplyDelete
    Replies
    1. Market rates the stocks and ultimately realizes the value sooner or later... After this quarter number an update will be provided.

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  4. what about parnax lab...stuck at Rs 30...??

    ReplyDelete
    Replies
    1. Ask yourself are you an long-term investor or not? Parnax will reward its long-term shareholders well as i expect.

      Delete
  5. Any development seen in Parnax lab, promotors buys shares in open market?

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    Replies
    1. Thats positive last time i checked.. Let us wait for results, As annual numbers expected to cross 100 crore sales.

      Delete
  6. Ace,
    What about SUNTECK Realty? The stock is correcting. Bad result anticipated or correction??

    Can we avg?

    ReplyDelete
    Replies
    1. Rohit: Sunteck reports results as per project completion method, This year nothing great is going to come in results and it is widely known in the markets, The massive boom as covered in the blog post will only happen around 2017-2018 which can take it 10 times current price.

      Delete
  7. You hacked it back from the hacker?

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  8. Glad to see you back Ace. Hope waterbase scales greater heights soon

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  9. Your views on SKM should hold or sell

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    Replies
    1. Anurag do you even read the posts?

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    2. I do but the stock is falling which raises concerns about the investment
      I am big fan of yours this is why wanted to check on this holding

      Delete
  10. Hello Prem Please share your views on Ashapura Intimates Fashion Limited at CMP 265/-

    ReplyDelete
    Replies
    1. I am not actively tracking this stock.

      Delete
  11. Plz provide your valuable comments about Ricoh India. ...so many buzz in this counter....turn around seen...Ramesh Damani invested n recommended....8 baggers already .....what is your view sir??

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    Replies
    1. Have not tracked it, will surely read about it.

      Delete
  12. sir what is your view on GAGL now...it is in downtrend from many days... am stuck in it at a level of 320...what should i do??

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    Replies
    1. Aashi you have entered at an higher price, but i think gujauto has good value in it as company is growing as of now, fresh update will be given after this quarter result.

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    2. but sir you suggested GAGL at a price of 290 and said that one should not mind entering at 20%-30% higher rate and now you are saying i entered at a higher price..

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    3. Aashi i did not say you did anything wrong what i meant was as you entered at higher price that is why you are feeling stuck..

      Otherwise it went up to 414 too.

      Delete
  13. Can you please share the view about Poddar Pigments Ltd(BOM:524570) BSE.

    Thanks
    Anil

    ReplyDelete
    Replies
    1. Not tracking it, and don't really like the sector

      Delete
  14. nice report Ace ... :) :) holding tight

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  15. Sir..ur view about nbcc.....so many big housees n Ramesh Damani has invested n recommended it.recently it announced its FPO of 10% additional stock. What will b its impact on stock price in long term n short term?...what may b its FPO price?

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    Replies
    1. I own some nbcc purchased at 170s and also discussed with followers back then when this blog was not there. Still holding it but at this valuation can't really suggest fresh entry.

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    2. Thanks for your suggestion.

      Delete
  16. What is your view on USHER AGRO and why traded at such a low price ?

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  17. Sir, what is your take on SEL manufacturing?

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  18. What's your view on Microsec Financial and Pantaloon Fashion

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    Replies
    1. Positive on Pantaloon Fashion, being a Calcuttan i don't like Microsec much because i use SastaSundar and it is making losses and it cannot be a huge brand with the presence of sites like 1mg.com and others.

      Delete
  19. Sir...I bought pincon immediately after your reco @133....it corrected hugely....no worry ....just asking you is there any stop loss upto which % correction, your follower will wait in your any recommendations? ?...plz rply...

    ReplyDelete
    Replies
    1. I am just sharing some of my own investments here, and i would like to hold investments without SL.

      The fact is one should not over expose themselves to one stock and divide their capital, Pincon should ideally not form more than 5% of your portfolio.

      Delete
  20. Good analysis.
    May I know your view on STEL HOLDINS and kellton tech for long term.
    I hold kellton and may buy STEL.
    Thanks

    ReplyDelete