Stock Idea: Redington India.(This business study of Redington India Ltd is taken from the Monthly Newsletter (Jan-21 Edition) of this Blog. The sample of Jan-21 edition was shared at this blog on 28th Jan, 2021) Stock: Redington India Ltd Financial Performance (Fig in Cr) Description (Amt) Description Up to Dec-20 FY-2019-20 CMP (On 28.01.2021) 135 Sales (Inc other income) 41500 51500 Market Value 5240 Net Profit 483 534 PE Ratio (Annualized) 7 Cash 3100 2368 Net worth (Sep-2020) 4500 Purchases-Stock in Trade 39200 48600 Dividend Yield 3.00% Purchases/Sales 94% 94% Debt 827 2537 More than the perfection of the market…

TTK Healthcare Ltd. Grade: TIER 3 Value trigger: Level 3. Management is going to take certain decisions which will put the company on a strong growth path. Stock: TTK Healthcare Ltd Description (Amt) CMP 562 Market Value 794 cr PE Ratio (Annualized) 35 Net worth (Sep-2020) 275 cr Dividend Yield 0.50% TTK is a very confusing company- Not for analysis point of view but as a company because somehow they don’t seem to be certain about their path. And in all this confusion they have created a mess of products and divisions which are going nowhere. Their portfolio of pharmaceuticals,…

Nitta Gelatin India Ltd (NGIL): Just sharing a short note on this one. NGIL is a joint venture between Kerala State Industrial Development Corporation (31.5% shareholding) and Nitta Gelatin Group Japan (43%). It deals in Gelatin and Collagen products. Gelatin is an industrial product and is used for making capsules, food and cosmetic industry while collagen is a nutritional product. Animal bones, skin and tissues etc. are the raw materials for extracting Collagen. Gelatin is obtained from Collagen after undergoing industrial processes like heating. Collagen is the most important and abundant structural protein in our bodies comprising some 30% of…

Dear All, this study report is part of Monthly Newsletter of this Blog. I am sharing some samples from the report. One article I have already shared last month at this Blog. Anybody who is interested in reading the full report may please send an email at the ID of this blog: oscillationss@yahoo.in CONTENTS Description Page no. A Summary of Stock Valuation under traditional value investing 1-2 Valuation: Intrinsic or Subjective 3-6 Business, Growth and Value-The Holographic universe 7-16 Three levels in Business analysis 12-16 Stock Ideas: Tata Coffee Ltd (CMP 110, TIER 1) 17-27 TTK Healthcare Ltd ( CMP…

(Click here for old post on value investing)Recently, a young student was discussing business valuation with me. The young fellow was quite intrigued by the business valuation models particularly DCF. He asked me about my preferred model for valuation and I told him that in my view these valuation models are good for having a theoretical viewpoint and conceptual framework but these are very primitive methods and not practical most of the time in the real world. So we need much better valuation theory/methods which can stand on its feet during the evaluation process.I know many hardcore Value investing followers…

Stocks covered in this study: GIC RE and Cholamandalam financial holdings LtdDear all, this study is mainly about the dynamics and factors affecting and governing the growth of insurance sector and not about any particular insurance stock. I have tried to list out the factors affecting the functioning and growth of this one of the most complex sector. But insurance sector (General insurance in particular) is going to see the huge growth for next 10-15 years in India and I feel this is going to be one of the sectors to produce future multibaggers. The growth and performance we have…

Dear All, I am receiving regular queries about the next post as it is almost one and half month since my last post. Actually these days not being able to post as I am busy in some work so i will post as soon as i am free. Further, I have been receiving requests for a long time to start some initiative related to learning/education part of stock analysis and research. It is really heartening to see that these days people want to learn about the fundamental analysis. They are not that enthusiastic about short term trading as people these…

I am just putting a short note on NIIT as I think it may have a run very soon. So due to lack of time I am just touching some of the most relevant points and will share the detailed study at some other time. First time, I advised NIIT at this blog in 2015 at 39 (Click here) and now at 120 I think it is still a great buy. Off late, i am buying it regularly from 80 levels and picked last week at 100. People still consider NIIT as an IT education firm offering IT courses and…

Dear All, today my plan was to calculate the expected value of MHIL for tomorrow's listing. But got trapped in some work in the evening and could only devote some half an hour on this. (click here for earlier post on Max group stocks) Earlier, deal in Sep-2018 valued both erstwhile MHIL and Radiant at 7242 cr but they have vastly improved their performance after that period...some 50%-60% improvement in EBITDA levels due to synergy and other cost cutting measures. Also there is some 10 days impact on EBITDA levels due to covid lockdown in Mar-2020. Their combined EBITDA in…

In my last post on Healthcare Global enterprise (Click here) i forgot to cover the valuation exercise of Strand life sciences in the final chapter on Financial analysis of HCG. One reader pointed this out in the comment section. So i have updated this aspect in that article. Further some readers have put the query as to why we assign high valuation multiples to book value for some stocks and not for others. So i have also added a short note on this along with some other changes in that chapter. So i am reproducing the updated chapter here (updates…