Saturday, August 16, 2014

POLYPLEX CORPORATION LTD - BEGINNING OF A NEW CYCLE ?






"The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table."



I believe , the above quote by Warren Buffett is apt for Polyplex Corporation at this point of time.This company needs no  Introduction to  senior investors and it was a favorite stock of  FII's,Mutual Funds ..etc during 2008-2011 period and  its stock price traded above four figure mark during  2010.This company  lost its glory thereafter due to reasons beyond the control of promoters and now in a recovery path . Let us look into its past - present and future.

  The company  



Polyplex corporation is an India based multinational  company  manufacturing plastic films (PET, BOPP & CPP)  used for packaging, electrical and other industrial applications .Company having manufacturing facilities in   six countries  viz - Netherlands. China. USA. Turkey. Thailand. and   India . Company is the  world's 4th largest producer of thin polyester film and one of the few fully integrated companies in the entire world. Products manufactured by Polyplex selling in more than 80 countries.Major portion of  company’s products are used for manufacturing  flexible  packaging materials for  food and FMCG items. Having said , Polyplex is a global company operating through various subsidiaries . One of its subsidiary in Thailand named ‘Polyplex Thailand’ is a listed company in Stock Exchange of Thailand (SET).Company is geographically well diversified . 28 % of total sales coming from India ,26% from Europe ,18 % from North America ,17 % from South East Asia and balance from Rest of the world.Till 2012 ,company’s performance was robust backed by good demand and better realisation.Citing the good demand scenario during 2009-10 , on a global level ,many companies started to add large capacities and started commercial production by 2012-13 .This resulted in oversupply of the products and at the same time the peak of global recession adversely affected the demand scenario.Due to this reason,Polyplex reported loss on a consolidated level in last Financial year.

The Road Ahead

Good consolidation happened in this industry in past few years .As per the management of Polyplex, major major  players in this industry is only completing the already started projects ( if any ) and   not thinking about  any major expansion in near future.   On the other side demand condition is improving worldwide . In India itself ,BOPP film production reported more than 25 % growth in June 2014 over the same month in the previous year.Worldwide the trend is almost similar  . Price of company’s  products  also showing firm trend. For the past many years company was mainly concentrating in thin pet films(thickness below 50 micron) and now  started the production of thick films which is  used in many industrial segments other than packaging like photovoltaic and flat screen panel for TV’s and Computer monitors .In addition to thin and thick grade PET films ,company’s  Bottle Grade PET Resins plant at Turkey at an advanced stage of completion.Bottle grade PET finding applications in packaging of Soft Drinks, Carbonated water,Mineral water ..etc and there is lot of growth potential in these sectors.

Valuation and Recommendation

 

As mentioned at the beginning ,Polyplex is a vertically integrated global player with a turnover of more than Rs.3200 Cr  with geographical presence in all major markets.This large company is currently trading at a market capitalisation of just Rs.695 Cr  . The real irony is , Polyplex’s listed subsidiary  ( Listed in Thailand Stock Exchange)  trading at a market cap of Rs.1500 Cr (INR) .On a consolidated basis debt of Polyplex is close to Rs.1421 Cr which mainly raised for capacity expansion and the benefits of  this expansion is just starting to reflect . On the other hand , company holding a cash and Bank Balance of Rs.900 Cr and its total reserve is close to Rs.2000 Cr .Debt equity ratio is 0.86 . Company’s book value is more than Rs.600 where it is currently trading close to 1/3 of its book value.Company is managed by a group of highly professional ,ethical and investor friendly management .Before the issues set in, its dividend pay out was 70-80 % annually and rewarded share holders with bonus. Promoters holding close to 47 % stake without any pledge and other large investors and mutual funds holding another 31 % .This business is a cyclical one and I believe ,some early signs of a revival in this business is visible now. As a fully integrated global major ,Polyplex will be one of the biggest beneficiary of emerging trend . Now company reported its latest June quarter result where its top-line increased from Rs.694 Cr to Rs.855 Cr . On net level company reported a  profit of Rs.27 Cr against a loss of Rs.9 Cr . As Warren Buffett mentioned ,it is a good company passed through some tough times in recent past .I believe , for long term investors it is the right time to enter in it @ CMP of Rs.216.Stock listed in both exchanges.


Link to Company Website HERE

Link to Polyplex Thailand  HERE

Disc: It is safe to assume that I have vested interest in Polyplex


164 comments :

  1. sir can you tell me about Tata metallic and megamani org stock?

    ReplyDelete
    Replies
    1. No meaning in commenting about Tata Metalic - already decided to merge with Tata Steel.

      Not tracking Meghmani Organics

      Delete
  2. sir thank you for giving another sweet packet this Saturday, please share your view on Everest industries ltd

    ReplyDelete
  3. sir share your view on hyderabad ind also please

    ReplyDelete
  4. Good morning VP Sir. Another great value pick from you... Polyplex Thailand shares also zooming like anything. Any good news coming up in the international front, any idea. Regards Nagarajan Gopalan.

    ReplyDelete
  5. Sir

    Dont you think competition will be high from players like uflex, Jindal poly, Postive packaging etc who are well established in this segment...

    Could you highlight the competitive advantages this company has vis-a-vis other players who are operating in similar segments?

    Lastly sir what is your views on Kesar Terminals, Bhageria Dye-chem and Rossel India from a long term perspective?

    ReplyDelete
    Replies
    1. Do you think Polyplex is not an established player compared with the mentioned names ?

      Delete
  6. Replies
    1. Polyplex is well diversified compared with Jindal poly both in terms of products and Geographically . It is more integrated than any other listed cos in the same industry.More than that Polyplex is trading at a market cap half of the Jindal poly at current market price of both cos.

      In addition to this ,Jindal poly is now heavily investing in a thermal power plant named Jindal powertech . Total cost of this project is expected around Rs.10000 Cr and company already committed Rs 660 crore. If the history of recently set up power plants is any indication , I really doubt whether it is a good diversification or ends as a ' diworsification '

      Delete
    2. Sir, isn't jindal powertech now under the demerged entity jindal poly investments?

      Delete
    3. Sir,
      How Polyplex is comparatively better than Tokyo Plast and Uflex?

      Delete
  7. Dear VP sir

    Thanks for identifying another gem. I have couple of questions.
    1. Though past need not be an indicator of future, their net profit has been wildly fluctuating. In jun13 after the loss they posted a profit of 24 cr in sept 13 post that for 2 continuous Q the company posted net losses and now for jun14 they have posted profits. Is there a reason for such seeming recovery during sept 13 and subsequent losses in the next 2 Qs?

    2. There seems to be a huge contingent liability of 1200 odd cr. Would this have any material impact?

    Thank you sir. Every one of your suggestions and subsequent clarification is a great learning opportunity

    Regards
    Shankar

    ReplyDelete
  8. Dear sirji,
    whats ur view on minda industries?????
    thanks.

    ReplyDelete
  9. Sir what is view upon results of orchid chemical thanks

    ReplyDelete
  10. In addition to the general trend in the industry ,Company made lot of expansion/modernization in its plants worldwide in past 1-2 years and production disturbance and stabilization issues affected company's performance in certain quarters .

    About the contingent liability , major portion of this is on account of pending export obligation under Export Promotion Capital Goods (EPCG) Scheme under which company imported machinery and export obligation of product is pending to be fulfilled. I don't see much uncertainty in this matter once the demand improves.


    ReplyDelete
  11. Sir,

    Do you Track Hinduja Ventures?

    ReplyDelete
  12. Dear sir,
    I know my posting will not get reflected, but i am trying my luck for the third time, your view on wockhard results & future...

    ReplyDelete
    Replies
    1. situation already discussed more than once , nothing to update now. Future depends on solving USFDA issue.

      Delete
  13. Sir, any views on kopran after results ??.. buy sell hold?

    ReplyDelete
    Replies
    1. Already commented about Kopran result below previous posting .Please avoid repeating same question again and again .

      Delete
    2. Dear sir,
      I have searched for your new comments after kopran results, but could not find it. I looked at both the previous postings of kopran. Pl take the trouble to point out where uou have posted .

      Delete
    3. Just check below the previous posting ie, " ALPHAGEO INDIA , ARROW COATED PRODUCTS - RESULT UPDATES "

      Delete
  14. Sir, your any views on pratibha industries? ??

    ReplyDelete
  15. thank you sir, for your today value pick.kindly state your views on rolta india. basing on your valuable opinion i have to decide whether to hold or exit. i am the long term investor.

    ReplyDelete
    Replies
    1. Many times expressed my negative view on this company.

      Delete
  16. Thank you VP sir. Appreciate the level of analysis and patience in answering

    Regards
    Shankar

    ReplyDelete
  17. Dear Sir, We wants to know about UFLEX

    ReplyDelete
    Replies
    1. Promoter pedigree is bad hence not tracking.

      Delete
  18. Sir several times requesting you about your view upon mangalam cement but you did not reply why

    ReplyDelete
  19. Hi Sir,

    I sent query thrice time regarding KOEL but was not published, Now again i sent it with the hope, kindly publish & reply your view on it.

    plz share ur opinion on KOEL result.

    Thanks & Regards,
    SAM

    ReplyDelete
    Replies
    1. Result is not bad considering the overall situation of the industry.Long term investors can still hold

      Delete
  20. vp sir,
    what is your view on ricoh india

    ReplyDelete
  21. Sir
    I am trying my luck once again hope to get answer What is ur view abt
    Waterbase
    Rgards
    bhushan

    ReplyDelete
    Replies
    1. Many times in the past clearly mention that I am not tracking Waterbase

      Delete
  22. Hello sir
    Plz enlighten bout polyplex fall from four digit stock to 100 rupee odd stock ....
    Also bout panacea bio .. mr. Cryus poonawala sold his 15%stake in the co...n also stated that the mgt is not good though co is good...though he had offered to take over the co...do u think this negative comment on mgt harm the co prospectus..

    ReplyDelete
    Replies
    1. I think ,You read only the heading .Reason for decline in business clearly mentioned under the sub heading " The Company" .Read it again .

      Cyrus Poonawalla said the same about Orchid too. I think ,your doubt will clear If you read the reasons for his opinion expressed by him in that interview.

      Delete
  23. Dear Value-pick,
    Thanks for recommendation polyplex. But in my opinion, the PET film industry is still oversupply worldwide. I am good follower of IVL (Indorama ventures) Thailand, which is a major competitor(sales 77,022 million TBH, worldwide) for polyplex( sales 2,380 million TBH) in Thailand as well as globally too, not only IVL there are from China too. I hope the demand will be there in future, but please do some research about PET demand. I hope this will helpful for retail investors, who will follow this blog. For your information please see following links:
    June quarter results Polyplex (Thailand) and management discussion:

    http://ptl.listedcompany.com/newsroom/20140813-ptl-set03-en.pdf
    http://ptl.listedcompany.com/newsroom/20140813-ptl-set02-en.pdf

    IVL(Thailand) June Quarter results & Management Discussion:
    http://www.set.or.th/dat/news/201408/14047299.pdf

    ReplyDelete
    Replies
    1. While giving the old reply for this comment , I overlooked the share holding structure of its Thailand Sunsidiary ,hence these was some logical mistake . Because of this reason, deleted it and extreamely sorry for that . Thank for the person who pointed out it.

      Delete
  24. Sir, has been asking your views on Bhel for long time. Please request to provide your opinion.

    ReplyDelete
  25. Trying my luck for the 3rd time. Sir, kindly answer. What are your views on DHP India: your old pick. And Orient Carbon. Please do reply.

    ReplyDelete
    Replies
    1. Take out profit from DHP ,Hold Oriental Carbon

      Delete
  26. Sir, I have few shares of Marico Kaya.Should i stay invested or book profit
    looking to recent spurt in price.Please advise.
    Regards
    Jitendra

    ReplyDelete
  27. Sir,
    Your comments on the results of EPC Industrie please...!!

    ReplyDelete
  28. sir
    i know you are very busy & sometimes its very difficult to see each midcap stocks........
    but dear sir just have look at SREE RAYALSEEMA HI-SRTENGH & GLOBAL VECTRA what a turnaround performance .....i know you are not tracking this both stocks ...........but just have a one look........
    its complete turnaround story............
    want your views which is very imp for me.....

    ReplyDelete
    Replies
    1. For the time being , Re-rating is sure in Global Vectra backed by good performance in past few quarters. But there is case between company and DGCA , future depends on its final outcome ,one should keep this point in mind.

      Delete
  29. Hi Sir,

    I have been watching your recommendation since past two posts and I am very impressed, I plan to invest this time but would like to know you view on the negatives highlighted about Polyplex at - http://goo.gl/VXktxE , also why you post a "?" in title, is there any risk here!!

    I am sorry but just wanted to be super sure before I invest my hard-earned money.

    Thanks

    ReplyDelete
    Replies
    1. On a consolidated level company paid tax in the range of 60-70 Cr in recent years . Tax out flow is low compared with other cos in this sectors only because of its major plants are located in tax free zones

      Delete
  30. SIR YOUR VIEW ON DUKE OFFSHORE FOR LONG TERM AND FRESHTROP FRUIT,KINDLY ADVICE ME.

    ReplyDelete
    Replies
    1. Scalability of business is an issue for Duke Offshore .For the past three years its top line is not going anywhere and still below Rs.10 Cr .

      Frshtrop is a good company ,but one should keep in mind that about 70 % of its business coming from June quarter and we can't annualise its performance based on June quarter result. This situation may change in future once the contribution from its recently started fruit juice plant started to contribute significantly.

      Delete
  31. Sir
    Your Recommendations are start yielding fruits after some time . I have purchased some scripts but gone down from purchase level and then recovered after 15 to 20 days and crossed the intial target .
    Thank you sir . PVP

    ReplyDelete
  32. Dear sir, is Avance tech a buy? It is a penny stock trading at 30 ps.

    ReplyDelete
    Replies
    1. Please let me know , What you find fundamentally interested in this stock ?

      Delete
  33. Sir, Ian holding mpsltd at the rate of 125 per share now at 456 can I book profit or hold? ithink it cross 700 sir your valuable view kindly

    ReplyDelete
    Replies
    1. Based on your study ,If you believe it will reach Rs.700 , why you are asking this question ?

      I am not tracking it.

      Delete
  34. Hi VP Sir,

    Uflex looks good compare to polyplex corp, its half the price compared to polyplex corp and its looks better in market cap sales net profile and assets, could you please share your view

    Name Last Price Market Cap. Sales Net Profit Total Assets
    (Rs. cr.) Turnover

    Uflex 130.2 940.19 3,179.27 129.36 2,318.70
    Polyplex Corp 216.9 693.75 1,118.63 32.61 699.6

    Regards,
    Mahesh

    ReplyDelete
    Replies
    1. Not only price but management quality is also half .

      Delete
    2. Hi VP Sir,

      Thank you for the reply, i am learning a lot from your blog.

      Regards,
      Mahesh

      Delete
    3. Oh.. what a reply sir. You are absolutely rite sir. Companies means people...not the stats.

      Delete
  35. Dear Vp sir book value of polyplex corporation as per moneycontrol is 127.42. Plz correct me if i am wrong.

    ReplyDelete
    Replies
    1. In case of any company operating through subsidiaries around the world ,no meaning in taking investment decisions on the basis of stand along figures .Refer consolidated numbers.

      Delete
  36. Sir,
    I am interested in buying Caplin lab reading it's performance and newly started two more plants recently.Shall I buy at current price of 375?Your advice please.

    ReplyDelete
    Replies
    1. Caplin Point recommended @ Rs.86 . At CMP of Rs.375 , neutral on it.

      Delete
  37. Sir, pls provide the short description of Bilcare results, I am just a beginer,last year or last quarter comparison

    ReplyDelete
    Replies
    1. Result is available in BSE website with comparitive figures of last quarter and last year . Already mentioned my opinion below previous posting.

      Delete
  38. SIR,
    WHY NOT YOU GIVEING 52 WEEK LOW STOCKS IN FUCTCHER PROSPECTS BRIGHT?

    ReplyDelete
    Replies
    1. Many investor's thinking buying a stock hitting 52 week low will ensure gain . But I never think so and that 's not the benchmark of my stock selection . I would prefer to buy stocks which offer value at current price whethet it is @ 52 week high or low. More than that if a stock trading at 52 week low even when the index is at 52 week high , that itself is an indication for something wrong and buying of such stocks need more study than buying a stock trading at 52 week high.

      Delete
  39. Dear VP,
    Hoping my question will be featured this time..
    Could you please share your views on RANE MADRAS if you're tracking it?

    ReplyDelete
  40. Dear VP
    what is your openion on
    1. CONTROL PRINT
    2. TIGER LOGISTICS


    ReplyDelete
    Replies
    1. Positive on Control Print ,not tracking the other

      Delete
  41. Please advice me buy on RS Software & Caplin Point which is trading at a price of 470 & 375 respectively.Thanks.

    ReplyDelete
    Replies
    1. Not tracking RS Software

      Caplin Point is an already recommended stock @ Rs.86.

      Delete
  42. Sir,
    Please give ur valuable views on JaiBalaji industries if you are tracking it.
    I asked you few times in past but you didnt replied.
    Kindly revert.

    ReplyDelete
  43. Sir do you track Pfizer, Wyeth or Merck as a play for MNC pharma ? Thanks,

    ReplyDelete
  44. Trying my luck third time, is Asian oilfields is next alphageo. It is into seismic business, do you track it sir

    ReplyDelete
    Replies
    1. Not tracking it .In general , Each company is different and no guarantee for similar performance by all cos in a sector

      Delete
  45. sir , u r view on iris media ?

    ReplyDelete
  46. sir do you track and has view on somi conveyor

    ReplyDelete
  47. Sir , i did checked recent updates but dis not find any updates on Sunil Hitech results in commments as well. I want to know how Q1 15 results according to you. Pls answer. M holding it even after your profit booking call. Awaiting reply this time sir.

    ReplyDelete
  48. Dear Sir,
    Kindly post your comments on SMS Pharma,Abbott India,Acrysil India post Q1 result.
    Awaiting for your reply
    Regrds
    Jitendra

    ReplyDelete
  49. sir, First thanks to you for recommending this new pick.
    In our country there is bright future for e-commerce companies like flipcart, amazon, snapdeal etc. this business is growing very rapidly. Companies like Gati, which are involved in distribution and supply of products to customers will be great beneficiary of this situation. In view of above what is your view on Gati?

    Rahul baba

    ReplyDelete
    Replies
    1. In a broad sense this arguement is valid ,but we should look into it through many angles. A consolidation in E-commerce space is a possibility and only few large cos may exist few years down the line . Some big cos already started own courier facility.this point should be kept in mind.

      Delete
  50. VP ji,
    Please give your views on Triveni turbine after its recent results.
    Regards,
    Manmohan Garg

    ReplyDelete
    Replies
    1. This company may out perform once the there is revival in sector.

      Delete
  51. Sir, your views on tata global beverages would be highly appreciated. Been tracking the stock for few years now and like the model and niche segment. Your expert advise would help to take a decision. Thank you.

    ReplyDelete
    Replies
    1. Suitable for long term passive investors

      Delete
  52. Dear Sir,

    Thank you for this blog. Not just for the extremely good recommendations but also for explaining the thought process behind the selection. There is a lot to learn from it.

    Can you please give some feedback on "Sonata Software Ltd"?

    ReplyDelete
  53. Dear Sir , Please throw some light on this
    -Arrow Coated decided to increase its authorised capital which means Company is planning for a preferrential offer to their own friends or relatives.???
    plz plz plz sir plz for what authorised capital are ?

    ReplyDelete
  54. Hi Sir,
    Your view on HSIL will be highly appreciated. I entered at 200 level.

    ReplyDelete
  55. First of all congratulations on discovering Avanti Feeds@49 n now 1250 . Wow.
    Please advice on what to do with Avanti now n any updates from AGM where the promoters are confident of touching 2000 cr turnover n have also new capex .

    ReplyDelete
  56. sir please throw some light on Garware Polyester

    ReplyDelete
  57. Dear VP,

    Your views please on Galaxy Entertainment. Again poor results-Q1. Unable to understand the disparity between the March Qtr and June Qtr performance. How can there be so much of variation both in top and bottom line in sequential Qtrs given their nature of business. If the company started performing well from March Qtr then what has derailed the performance in June Qtr. Request your kind reply if you have analysed the same.

    Thanks,

    Regards

    ReplyDelete
    Replies
    1. Why are you not replying VP Sirjee ??

      Delete
    2. Replied below another posting . No change in previous opinion.

      Delete
  58. Sir any comment on another packaging compnay - Huhtamaki PPL

    Dolly khanna is hold good chunk of it

    ReplyDelete
    Replies
    1. Paper products has been renamed to Huhtamaki PPL - now you must be clicked that VP already recommended it :)

      Delete
  59. Sir, Moneycontrol is showing a book value of Rs.127...is 600 the correct one as you mentioned or is it 127 please?
    Thank you!

    ReplyDelete
    Replies
    1. For any company like Polyplex which operating through various subsidiaries , no meaning in standalone figures . Check the consolidated numbers.

      Delete
  60. Sir, I humbly request your view on the recent June Qtr result of Mafatlal Industries...

    ReplyDelete
  61. Dear Sir,

    Please share your views on your old recommendation Sabero Organics.

    ReplyDelete
    Replies
    1. Since the merger of company with Coromandel Fert already announced and ratio fixed ,no meaning in analysing Sabero now.

      Delete
  62. Sirji ur valuable comments on Gokal das export's results...

    ReplyDelete
  63. Dear Sir
    Thanks for your recommendations and all your knowledge you share. So many people are making money and understanding the market because of you. GOD BLESS YOU
    Thanks

    ReplyDelete
  64. Awesome :) Sir how do u do it ?? Polyplex (y)

    Sir are u tracking RSWM ? If yes what are your views ??

    ReplyDelete
  65. Sir, whats your views on Rel Capital.. I purchased it @ 590..
    and SKS Microfinance purchase @ 100..

    ReplyDelete
  66. Dear sir,

    Sorry if you have answered this before. What is your view on motherson sumi.

    Thanks
    Rahul

    ReplyDelete
  67. Sir, I hold Cosmo Films purchased at a higher level from the same industry. Do you have a view on this company? Hopefully I receive a feedback this time...

    ReplyDelete
  68. Dear Deepak, Huhtamaki PPL is nothing but Paper Products Ltd. already recommended by Valuepick. Please do search.

    ReplyDelete
  69. what u ur views on force motors??

    ReplyDelete
  70. Sir your view on Manjeshree Techno Pack

    ReplyDelete
  71. Sir, as per the following link http://www.bseindia.com/stock-share-price/stockreach_insidertrade.aspx?scripcode=512529&expandable=1

    Promoters seem to have sold a chunk or is it FII selling. Please check.

    Ref: Sequent Scientific

    ReplyDelete
    Replies
    1. Who told you that the sold party ' Primera Partners Pte Ltd ' belongs to promoter group ?

      Delete
    2. Found the source sir, its the FII not Promoters http://www.moneycontrol.com/news/buzzing-stocks/morgan-stanley-buys-1070-lakh-sharessequent-scientific_1129587.html

      Delete
  72. Dear VP Sir,

    There was a stock called Tasty bite eatables which you used to "like a lot". Recent quarter the company has posted decent results. Do you still follow it and would you suggest a buy?

    Regards.

    ReplyDelete
    Replies
    1. Tasty Bite recommended @ Rs.165

      http://value-picks.blogspot.in/2010/02/tasty-bite-eatables-bse-code-519091_27.html

      Delete
  73. Dear vp sir
    First of all congratulations on discovering Marksans pharma@4 n now 40 above. Wow.
    Please advice what to do now any buying opportunity ?.

    ReplyDelete
    Replies
    1. Dear Mr Jain
      Please be a smart investor. When the scrip recommended at Rs. 4/- you are not interested in it and not see a buying opportunity. Now it is trading around 48/-. and you shows your interest and seeks VPs opinion. This is the common mistakes committed by most of the people. Also VP sir expressed his opinion yesterday about Marksans. Pls spent some time and be a smart investor

      Delete
  74. Sir, whats your view about Shilpa medicare?

    Rgds

    ReplyDelete
  75. hi sir,
    Whats you view on welspun enterprises?

    ReplyDelete
  76. Jp powe ventures ....plz give ur valuable comments on it

    ReplyDelete
  77. Sir awaiting your response on Avanti please.

    ReplyDelete
    Replies
    1. Avanti Feeds recommended @ Rs.68 ( See below Link) .At Current price Rs.1250 ,neutral on this stock.

      http://value-picks.blogspot.in/2011/09/avanti-feeds-ltd-changing-fortunes.html

      Delete
  78. Hi Sir,

    I have requested you mutiple times for an update on aksh optifiber, please help me understand if there is a fundamental reason for its sharp 30-40% dip or if it is still a good stock to buy/hold.

    Hoping this comment get posted and answered!

    Thanks

    ReplyDelete
    Replies
    1. Not aware about any fundamental change on the negative side.

      Delete
  79. Have been waiting for your reply on take solutions abd evronn. Pls give suitable reply.

    ReplyDelete
    Replies
    1. Not tracking take Sol

      Not Positive on Everonn in present condition

      Delete
  80. Sir your take on IFGL refractories n Insecticides India please at cmp

    ReplyDelete
    Replies
    1. CMP of IFGL is above Rs.180 ,which recommended @ Rs.49. Currently neutral on it.

      http://value-picks.blogspot.in/2013/11/ifgl-refractories-ltd-improving-business.html

      Not tracking Insecticides India

      Delete
  81. Sir whats your view on SKS Microfinance & Rel Capital..???

    ReplyDelete
  82. Sir, have been waiting for your reply on Grauer and weil India Ltd. Can i buy at current price ? . Your view is highly appreciated.

    ReplyDelete
  83. sir , china have imposed 30% antidumping duty on aksh . how much impact will it have on the fundamentals . please make a comment . chinmoy

    ReplyDelete
  84. Sir, Your views on sintex ind. Iam holding for past 1 year @95- but price is not increasing. To hold or sell.

    ReplyDelete
  85. I don't know why people unnecessarily telliing lies .Sintex crossed Rs.50 only 4 months back . One year back its price was in the range of Rs.15-35 .Then how you could purchase this stock one year back @ Rs.95 ?

    ReplyDelete
  86. Sir I have purchased polyplex at 264.. Are you still positive on this stock?

    ReplyDelete
    Replies
    1. What is the meaning of 'STILL ' ? . Not even 2 weeks completed post recommendation. If you know anything negative dappened to the company during this time , please share it here.

      Delete
  87. Hello VP,
    Thanks for sharing on Polyplex..Looks great stock. What is your view on Uflex ?
    Regards,
    CB

    ReplyDelete
    Replies
    1. Already expressed my negative opinion on Uflex due to poor management quality

      Delete
  88. Hello Sir,

    Thanks for your efforts in spreading awareness of value-investing.
    What is your take on Shree Renuka Sugars.I want to invest in it for 7-10 years.
    I think it has good management but in temporary trouble because of leverage .Eventually their Brazil plants will start doing well I hope.
    Please advise.

    ReplyDelete
    Replies
    1. Govt policies on sugar sector is equally important.

      Delete
  89. Dear sir,

    Thanks for this reco.

    What would be your advice on MINDTREE LTD & PERSISTENT SYSTEMS from say 2-5 years perspective in case you track them?

    ReplyDelete
  90. Dear sir,

    I am first time visiting in your side. I want to invest 2 Lakh Rs.in short term call. I need your advice.

    ReplyDelete
  91. Dear VP
    sir your view on KPR Mill, Redington india

    ReplyDelete
  92. Dear VP,

    Just wanted some reassurance. There is some amount of frantic selling going on in the stock and some negative views in the market. Should we retail investors continue to hold or sell and enter at a lower level.

    Regards,

    ReplyDelete
  93. Dear VP

    Whats your take on sale of Turkey PET plan by Polyplex. Management has opined that the deal will be cash accretive and proceeds will be used to reduce the leverage.

    Regards

    ReplyDelete

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