It gives +ive vibes for future growth. Further the Working Capital management & it's Free Cash Flow further strengthen the view.
SSGR (24%) > Current & Historical Sales Growth
2
AXTEL INDUSTRIES #Thread
Presenting my study for educational purpose 👇
@Atulsingh_asan - I know you have studied #Axtel in very detail your additional points/thought process/comments will be great addition to this effort !
1
It gives +ive vibes for future growth. Further the Working Capital management & it's Free Cash Flow further strengthen the view.
SSGR (24%) > Current & Historical Sales Growth
2
In last 10 yrs ->
📌For every Rs 1 Retained by Axtel it has generated 17x of Market Cap (Big Boost for shareholders)👍👌
📌EPS Growth has been 7% higher than RE growth 👍
3
Paying handsome dividend for last 3 yrs.
Remarkable improvement in Receivable Days & NPM.
4
Last 5yr Sales Growth has picked up. Though as per management due to Lock down they couldn't ship orders in Mar 20 but still their Recent Sales growth is 23%.👌
Profit growth 👌
5
Last 10yrs
Generated 66 Cr CFO
36 Cr Capex
13 Cr dividend Paid.
FCF of 30 Cr
6
Only related party transaction which I found little dicey was Rs 42 lakh Fees paid to a company belonging to Promoter's brother.
7
(Avg Last 5yrs)->
Cash Conv Cycle 77
Sales vs Receivables 29
ROCE 24%
ROE 19%
Small Other Income compared to PAT
8
📌So there is very only 14% shares left as free float (which actually available for trading).
9
Check #Axtel Total no. of Equity shares = 1.2 Cr
Promoter holding 49.5%
Promoter relatives in Public 16%
Free Float -> 61 lakh
📌Hence only 61 lakh shares available for trading so small interest from few investors can move price crazily !
10
FCF has been fluctuating (see red & green)
It has Cash of 6.5 Cr
Cash flow to Capex has been Impressive 👌
11
Profitability -> Excellent.
Efficiency, Solvency, Growth-> Good.
Quality is Ok.
Fin Trend is turning Very +ive.
12
Continuous Fryers
Big Bag Filling Pasta Machines
Vacuum Gravity Separators
Universal Mills with Plate Beaters
Continuous Khoa Making Machines
13
Snacks, Spices, Confectionary. Apart from packaging it does everything.
Space is mostly dominated by European & American manufacturers like Buhler, Rockwell, SPX, Russell Finex etc
📌Axtel has cost advantage against them.
14
Clients like
Cadbury
Nestle(India,Thailand,Bangladesh,Sri Lanka,Russia, Malaysia,Morocco,Vietnam,Phillipines)
Godrej Industries
Britannia
GSK Cons Hlth
CCL Products
Mondelez(India, Singapore, Vietnam)
15
Client Concentration is still little risk but after that setback they have been continuously diversifying in other FMCG.
16
They don't have Intellectual Property rights on their design so need to continuous maintain their Quality standards to win more contracts.
17
I feel it has potential to grow as its clients in food processing industry doing Capex which results in orders for #Axtel. Good quality & low cost advantage helping it to gain reputed clients.
Financial Trend is coming on track. Corp Gov needs some improvement.
18
https://t.co/9zL6qOvomt
25
Joel Greenblatt's MAGIC FORMULA Screen for Indian Stocks with Additional filtering for Quality.#Thread
— Screening Stocks Enjoy 'My StressBusters' (@Coolfundoo) November 9, 2020
5th Upd -08Nov2020
Added HOW TO USE Magic Formula & some more updates, so do read till end.#MagicFormula #Stocks #Indianstocks #JoelGreenblatt
1 pic.twitter.com/qPT3NXjZNX
https://t.co/JXHjrPB1gZ
26
BEST 2-FACTOR STRATEGIES !
— Screening Stocks Enjoy 'My StressBusters' (@Coolfundoo) November 16, 2020
3rd Upd-16Nov20
QUANTITATIVE Value Investing in Europe : What works for achieving alpha!
GIST ->#CheapestValue in #HighestPrice #Momentum Stocks
OR #HighestPrice #Momentum in #CheapestValue
1 pic.twitter.com/uTkuu706t9
More from Screening Stocks Enjoy 'My StressBusters'
Q&A 118
Q-> #screener for Breakout on long term charts ?
You can also visit sites like https://t.co/5g2754nVXP for more ...
Few more to look ->
https://t.co/wBYhCapjZV
https://t.co/QpOOwnHn9T
https://t.co/cqmoAV4lHW
1
Collection of Good Scanners ->
https://t.co/xERUSnaXkg
2
Q-> #screener for Breakout on long term charts ?
You can also visit sites like https://t.co/5g2754nVXP for more ...
Few more to look ->
https://t.co/wBYhCapjZV
https://t.co/QpOOwnHn9T
https://t.co/cqmoAV4lHW
1
Collection of Good Scanners ->
https://t.co/xERUSnaXkg
2
The absolute best 15 scanners which experts are using.
— Aditya Todmal (@AdityaTodmal) January 29, 2021
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
Share for the benefit of everyone.
📢Superstar Shareholders Portfolio as of Dec-2021 (Latest Data available)
⚡️Arranged with Highest Holding Amount on Top !
So it's their Highest Conviction as per their Allocation/Action/Karma.
Hope this helps in your decision in picking companies during this downturn.
https://t.co/mb6nbXUNfv
⚡️Arranged with Highest Holding Amount on Top !
So it's their Highest Conviction as per their Allocation/Action/Karma.
Hope this helps in your decision in picking companies during this downturn.
https://t.co/mb6nbXUNfv
\U0001f4e2Stocks where 2 or more Superstar Shareholders have investment as of Dec-2021 (latest data)
— Sachin K Rai (@Coolfundoo) February 15, 2022
Hope this helps in your decision making !
If you find this useful feel free to share & re-tweet !@abhymurarka pic.twitter.com/2VU2OVvamX
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We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.
Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)
It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.
Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".
As a dean of a major academic institution, I could not have said this. But I will now. Requiring such statements in applications for appointments and promotions is an affront to academic freedom, and diminishes the true value of diversity, equity of inclusion by trivializing it. https://t.co/NfcI5VLODi
— Jeffrey Flier (@jflier) November 10, 2018
We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.
Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)
It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.
Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".
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I asked them to share their lessons learned on startups, life and entrepreneurship:
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10 competitive advantages that will trump talent (2/10)
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But contrary to what you have been told, most of them don't require talent.
10 competitive advantages that you can start developing today:
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I\u2019ve gotten a lot of bad advice in my career and I see even more of it here on Twitter.
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Time for a stiff drink and some truth you probably dont want to hear.
\U0001f447\U0001f447
10 significant lies you’re told about the world (4/10)
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On startups, writing, and your career: