Rounaq Bakshi notes

Gateway Distriparks can benefit from National Logistics Policy 1.Video:  https://youtube.com/shorts/lWaMI6xMrdU?si=MSQsQwTxFJ4FJs62 2.Video:  https://youtu.be/lwRrYfqWQ9M?si=u392JIrklGkoBJTF There are times, when i look at recent government policies and try to build a theme around it Name : PM launches National Logistics Policy “The notion that India is emerging as a manufacturing hub is stabilizing in the mind of the world” “Policy is just a beginning, policy plus performance is equal to progress” “National Logistics Policy has not come out of the blue, there are 8 years of hard work behind it” “From 13-14 percent logistics cost, we should all aim to bring it to single-digit as soon as possible” “Unified Logistics Interface Platform- ULIP will bring all the digital services related with the transportation sector on a single portal” “Gatishakti and National Logistics Policy together are now taking the country towa...

RSWM: brands associated: JCPenney, H&M, Zara, Levi’s, Wrangler, Diesel, Lee, Spykar, Hilfiger denim, and many more 1.  Video:  https://youtu.be/lP7QJWjqzmQ?si=6PqORSfmeMlFj98v 2. Video:  https://youtube.com/shorts/lxFvhNc22s0?si=_ZNO2hAil7Ki4XZJ Textile story is already very big in India and can grow more in future if Government provides further support. My theme says, that this sector can get re rated as well.  Huge capex plans for future plus decent valuations is a magical sauce that one can aim to find while screening companies Performance Overview:  FY23 proved to be a mixed bag for the Textile Industry, and  RSWM  Ltd. experienced a similar trajectory. The year began on a strong note with a positive Q1, but the industry faced significant challenges in Q2 and Q3, leading to a steep decline. However, there were signs of recovery in Q4 Business Environment Challenges: Geopolitical tensions and an unprecedented increase in cotton prices presented ...

EID Parry's operating profitability is expected to improve in the near term to low levels of 2.5-3%, due to higher cane crushing Susceptibility to volatility in sugar prices and regulatory changes:  While the input   prices are driven by the government, sugar prices are volatile and based on open market prices (which are dependent on the production levels), leading to volatility in players’ profitability.  Besides, the government regulates domestic demand-supply through   restrictions on imports and exports and stock holdings.  Regulatory mechanisms and dependence on monsoons have rendered the sugar industry cyclical.  Since the sugar indust ry is highly regulated, any change   in the regulatory stance and continuation of government support to sugar sector (including distilleries and ethanol pricing) will remain monitorable. The Government of India has showcased the intent to fasten the move to an ethanol-based economy, by advancing the 20% ethanol ble...

BHARAT SEATS: Car Seats to Maruti Suzuki India  Video:  https://youtu.be/HTUjbr-6sYc?si=brWj7eump0ucwWfR Have you read below news recently? What are your thoughts? We need to pick up themes that can play out well in next 7 yrs Maruti Suzuki would double its car production by the year 2030 from 2 million cars annually On the above story, i found a company that can benefit largely The Company is engaged in manufacture of  Seating  System, moulded carpets and extruded components for Car market leader, Maruti Suzuki India Limited and Suzuki Motor Gujarat Private Limited as well as  seats  and frames for Suzuki Motorcycle India Pvt. Ltd. two wheelers, at their plants at Gurugram in Haryana and at Surendranagar and Hansalpur in Ahmedabad, Gujarat Plot No.1, Maruti Udyog Joint Venture Complex, Gurugram Has 5 plants The Company is already in production for more than thirty seven years  Financial Collaboration with M/s Suzuki Motor Corporation, Japan, who holds...

Linc : Boring Earnings Transcript but helps me very well in understanding businesses 1 Video:  https://youtu.be/FoBEG7qapgk?si=wWypQ7vdbQjzwWpQ 2 Video:  https://youtu.be/wH3kmw8tBW0?si=qtlX1Z5q7fsxDNoE Linc : Boring Earnings Transcript but helps me very well in understanding businesses Advertising to sales is about 3%  Slightly better gross margins than the domestic market. So, let's say if on some product it is making 40% margin in the domestic, on the export front it would be additional 4%-5%. So, yes, so that is a kind of trend Some challenge that  Linc  face in the traditional channel across the country that the retailer has so many products. Of course, it is the job of people in the field to ensure that the dispenser is displayed properly   3% of revenues coming from e-commerce   India is a very unstructured market, so our sales team they have to keep a good relationship with all the retailers and at the same time we have to keep our br...

JM FINANCIAL: flagship business for the group is investment banking, with over five decades of experience Established market position across capital market businesses and diversified business model The group has developed a strong franchise in key operating segments such as investment bank, institutional and retail broking, wealth management and private credit syndication.  This is aided by the track record and reputation of its experienced management and healthy client relationship.  The group has a strong network of borrowers with whom they have long relatio nship.  Over the years the company has also strengthened its risk department.  Further, the group has gradually scaled up mortgage lending with a focus on the affordable segment. The flagship business for the group is investment banking, with over five decades of experience.  This has resulted in JM Financial group establishing a strong brand and a network of loyal clientele, making it one of the leaders i...

Andhra Paper to exploit opportunities in Paper Board Segment through expansion and capacity addition 1. Video :  https://youtu.be/gLae-CNb5bs?si=PDkGv-iZ2jcaowwa 2. Video:  https://youtube.com/shorts/ZsyDs8rLX9o?si=xUjwNxd_zmbR4c4Q When i first looked at this paper company, my first reason was low PE. Company was showing results that was not comparable to previous year's results. In such cases, it is difficult to digest on how the company is performing so well Then, i spent good amount of time in understanding the industry point of view where i found majority companies were showing similar lines results.  Paper industry as a whole has fundamentally changed and we can expect Re rating in these paper companies Video of paper industry:  https://youtu.be/dmLuhBOU8pw?si=oScyPiNbsNDmGzEV FY 2023 Vs 2022 EPS: 131 and CMP is 400 Net profit after tax :   522 Cr Vs 139 Cr  Investments: 800 cr and Market cap is 1600 cr Cash flows: 535 cr Vs 202    Expan...