Key Notes on Godrej Properties

August 7, 2023 Target double digit market share in every market that Company is present in. PAT target is about 12-15% on every project implying a 20%+ ROE. Business development (that is new project acquisitions) are going to be more calibrated now. Previously the focus was to grow aggressively in varied markets. Now on it … Read more

Key Notes on Kansai Nerolac

November 1, 2023 Company has become more aggressive in advertising as was also indicated by the management in the past. Expenses on the same have increased by 15-20%. No real exciting development otherwise. August 7, 2023 About 55% of Company’s sales is through decorative and 45% from industrials (auto and non auto). Company is the … Read more

Key Notes on Khadim India

July 17, 2023 Though Company is present pan India, it’s more strong in Eastern and Southern India. 63% of it’s retail stores and 64% of distribution is from Eastern India followed by South. As at March 31, 2023, total 846 stores (26% own, 76% franchise) and 700 distributors FY 24 target is to open 100 … Read more

Key Notes on Vikas Ecotech

July 10, 2023 Promoters currently own only 9.32% of the Company. In 2017, they were at 39.52%. Share price since then fell from a high of Rs 25 to less than Re 1 in 2020. One can guess the beneficiaries. Volatile past performance – typical SME type. Go overboard when times are good, go down … Read more

Key Notes on Hero Motocorp

August 2, 2023 ED again raids at the premises of Hero Motocrop at Delhi and Gurgaon in relation with the customs case. It also raided the residence of the Chairman, Pawan Munjal. June 16, 2023 Continued regulatory actions against the Company. As per ET reports, now MCA has ordered an investigation against Hero MotoCorp Limited … Read more

Key notes on Balaji Amines

May 20, 2023 Company announced sudden resignation of all it’s independent directors and also moved it’s CFO to a subsidiary. The announced reasoning and subsequent explanation are two different stories. Such a major event is a big read flag for me on the corporate governance standards. Will not look at this Company in the foreseeable … Read more

Key notes on Borosil Renewables

August 18, 2023 Company is facing significant headwinds due to – removal of anti dumping duty and continued dumping from Chinese, Vietnamese and Malaysian companies. Expects govt to take some action to protect the domestic ecosystem. international operations continue to seem challenging to stabilise, though management is confident of turning them around soon The whole … Read more