Thursday, October 23, 2014

GTS -7 ANSWER ----- SKM EGG PRODUCTS EXPORT (INDIA) LTD

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Dear Friends 

My Sincere thanks for your overwhelming response to this learning experience.I strongly believe , those who failed to find out the answer even after spending many hours learned more lessons than  those find out the answer through short cuts like social media sharing...etc.Such experience will be an added advantage in your wealth creation journey going forward.Once again urging my readers to avoid taking investment decisions based only on the name tag of companies I am posting here but only after detailed study and homework 

Wishing a Happy Diwali to all my readers and your families ...........

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If we strictly track the history of any stock which turned as a multi-bagger, there will be at least one niche element in it. Sometimes it may be the product/service itself, and in some other cases it may be its brand ,technology , market or something like that  .If the number of listed stocks from a particular industry is very limited and there is a boom period for that  business , normally the listed market leader  will turn as a multi-bagger, if it is backed by a management which is able to utilise the emerging business opportunities.One very good example for this fact is the recent appreciation in Avanti Feeds Ltd. ,the stock  I  recommended  about three years back @ just Rs.68 and  currently trading above Rs.1525 ( Recommendation Link HERE , Just pointed as an example and not a guarantee for similar performance in all other cases). This week let us look into another really interesting unknown niche stock – SKM Egg Products Exports Ltd.


SKM EGG PRODUCTS EXPORTS  - A CLOSE LOOK


This company is jointly promoted by well known SKM group and Tamil Nadu Industrial Development Corporation Limited(TIDCO) .Out of the Rs.26 Crore equity , TIDCO holding about 7.58 % and Individuals from promoter group holding another  46 % stake.( This data is based on June quarter share holding and promoters made lot of market purchases in June-September period) .Belgium based Belovo Engineering holding another  5 % stake in SKM .Belovo Engineering is part of BNLfood Group which supplying  Egg Science & Technology ,producing and marketing eggs, egg derived nutraceutical ingredients and food ingredients. Plant of SKM itself established with the technical support and collaboration of BOLOVO.Company’s manufacturing facility is located at Cholangapalayam  , about 20 Km from Erode in Tamilnadu .This is one of the largest Egg processing facility in Asia and this state-of the art facility is located in a 35 Acre plot. Under stringent quality conditions , company processing around 18 lakhs eggs per day and manufacturing Whole egg powder, Albumen powder ( Powder form of Egg White), Yolk Powder(Yellow) and recently introduced liquid Eggs.These products are supplied mainly to Japanese and European companies for manufacturing products like cakes, biscuits , cookies, Confectionery products, Health foods, Soup mixes, Ice creams , dairy products ..etc. SKM established direct Subsidiary/marketing points in its major markets viz- Netherlands,Japan and Russia.Selling to other markets channelized through  third party distributors.Since the number of producers are less and India’s cost effective and competitive advantages ,company is getting repeat orders from its customers. SKM’s  products are ultimately used by large food product manufacturing MNC’s  like Kraft foods .Heinz..etc. for manufacturing bakery , health care and food items.

                                                                           SKM  is the only listed producer of Egg Powder and other value added products from Eggs .Even from the unlisted space , only very few companies are manufacturing similar products in India which includes an unlisted private company named Venkateswara Food Products Pvt Ltd owned by the same promoters of Venky’s India and another Bangalore based  company which listed in BSE but suspended from trading for more than 13 years.Among these few players ,SKM is the market leader in Egg powder exports and contributing more than 50% of India’s total egg powder export.As of now, company processing about 18 lakhs eggs per day and utilising close to  90 % capacity to manufacture its major products Viz- Egg Powder ,Bakery Mix and Liquid Egg.These products are exporting to overseas markets mainly  Japan and EU countries.Out of 18 lakhs eggs , about 5 lakhs produced from  company owned farms and the remaining is sourcing through contract farming model( Mainly through an associate company  named SKM Universal Marketing Ltd) . In order to ensure the quality of Eggs , company itself supplying feeds manufactured by company controlled (leased)  feed mill  to the farmers and company appointed veterinary doctors and supervisors periodically visiting farms running under contract farming agreements.Earlier, during its tough times company's share holders approved the sale of feed mill and farm , but only the selling of feed mill executed ( now working on lease)  .This business model ensuring sourcing of quality eggs without interruption which is otherwise a herculean task to source close to 20 lakhs quality eggs per day.Promoter’s experience in poultry field is one important point to note. This company was originally promoted by Mr. SKM Maeilanandhan who is the doyen of poultry industry in India who also  honoured with the Padma Shri award for his outstanding contribution in the field of social work in 2013.



Having said , being a food product , export of these type products  to developed countries is not an easy task.Stringent quality standards and periodic quality  checking are usual in an industry like this before getting final approval for exports and usually these formalities take many years to complete.In the beginning, company faced many challenges in this front and it affected SKM’s past performance. From past troubled times company emerged as a winner under the able leadership of Mr. SKM Shree Shivkumar who is the MD of the company and son of Mr. SKM Maeilanandhan. 


FINANCIALS 


During the peak of recessionary period , it reported losses in FY 2011 and 2012 due to various reasons like lower demand, poor realization and most importantly some quality related issues due to its dependency on  outside quality testing laboratories. But with early signs of revival , company’s new products introduction and tapping new markets  ,SKM made a remarkable turnaround in FY 2013 and further improvement in latest FY 2014.(See the below table for details) . 


To avoid any quality related  issues in future , company  established own quality testing lab  and R&D facilities.
   

As per the thoughts shared during recent AGM , company is now paying top priority to become a debt free company ( excluding working capital debt) in near future. As part of this effort , company already reduced its debt from Rs.51 Cr to Rs.34 Cr in last FY  and further reduced it in  first six months of ongoing FY .( Half of the loans are taken from promoters itself which they pumped into the company to keep it afloat at the time of extremely difficult periods few years back.) It is targeting a debt free status in next two years . After achieving this target ,SKM is planning to hike its capacity to reach a Rs.500 Cr company by 2017-18.


Major Negatives


Company is an export oriented unit and any  recession severe than the previous one  may negatively impact the demand scenario of its products.

Company’s earnings is in Dollar and Euro and its movements against Indian Rupee may impact its margins.


Though company sourcing part of its Egg requirements from own farms , any adverse change in the price of feed ingredients may affect its raw material cost.


Un-expected diseases affecting birds may create problems.



Major Positives.


As I mentioned in many of my previous  postings ,while investing in small cap stocks , promoter quality is the first point to note.The most important positive point about this company is its promoters and management , not only because of their experience in this field but due to their highly ethical business practices and ‘Nothing to Hide’ mentality even towards its minority retail share holders.I believe ,In these matters , it is difficult to find many companies with this standard from the small caps space .


Potential of company's product is very high and, there is only very few companies in this field. SKM is the market leader handling more than 50% of India’s total egg powder exports.


India is one of the low cost producer of Eggs and this giving added  competitive advantages to the company . SKM captured Japanese market by competing even with American companies which indicating its high quality standards.


Entry barrier - As mentioned earlier , procuring 18 lakhs Eggs per day is not easy to replicate by any new entrant in this field. Company established own farms to source part of this requirement and planning to expand the capacity of farm when it add more production capacity in its factory.Contact farming is also designed in a systematic way where company ensuring the quality of feed and arranging periodic visit of veterinary  doctors to ensure the health of birds and provide awareness to farmers in order to ensure the quality of Eggs to be processed.Since the end consumers are large MNC food companies they ,always need large quantity at stringent quality standards . To ensure this quality standards ,it should be careful right from the beginning.Any available  egg can’t be processed but it can use only the eggs laid by birds fed with specially prepared diets , so special arrangements should be there to ensure this quality and any available eggs in the market or at the gate can’t be accepted.Sourcing close to 20 lakhs such eggs per day continuously is an extremely  difficult task.Situation is more tough in the selling side . By competing with foreign firms ,company took years to established the label of a reliable and quality supplier in overseas markets. Being a food ingredient ,import permission to developed countries is not easy and even in the case of Russian market ,SKM succeeded only recently after four years continuous efforts.Because of these reasons , still there is hardly four or five successful egg product processors existing in India. Full traceability of end product is an important factor in export oriented food stuff business. To ensure this ,SKM introduced a system named “TRACKKER” which helping the company  to trace from feed ingredients level to final product level.




   

Scope of company’s products is very vast and so far it not touched the biggest market –USA. Such opportunities may be tapped  once the production capacity hiked to double in next few years and company’s financial health improve further .


Using its own R&D , company introducing new products and its recently introduced liquid Eggs receiving  overwhelming response from customers. Considering the increasing cholesterol related health issues , liquid white egg may turned as a money spinner for SKM in the years to come. Company also succeeded in increasing the shelf life of products and this will help to penetrate more overseas markets.


During the time of  last recession its business badly affected mainly because of its higher concentration in few markets .To avoid such a situation in future SKM is now expanding its geographical presence .Company’s years long efforts to get an entry in Russian market succeeded recently and they got approval from Russia now. Company started trial shipment  and it is expected to become a priority market for SKM in future. Company also  entered in Nigeria and South African Markets recently.



Promoters efforts to become a debt free company is not a gimmick and they are working sincerely for that ,which is evident from the reduction in debt levels in recent times. Targeted debt free status by next few years will give direct positive impact in its bottom line and make this already attractive company as a compelling buy.

Once, majority of the shares of promoters were pledged with banks to avail loan facility ,but now  only 24 % is pledged and balance released on repayment of loan.Remaining is  expected to become pledge free  in next 2-3 years.


Another most important factor is the multi angle benefit to the company due to global recovery. From  last few year’s financial performance , it is evident that even a small  positive change in global economy augers well for SKM .It is helping the company in three different ways



·         * Increased Demand from foreign markets


·         * Being an Export Oriented Unit , appreciation of Dollar and Euro against Indian Rupee is positive for the company 


·         * Strengthening  of Dollar will reduce the competitiveness of US manufactures in foreign markets especially in Japan  where SKM’s major competitors are US manufactures.



There is no big local market for processed egg as of now. But history says , In case of India ,  imitating the trends of food habits from developed markets is an eventuality . This will happen in future for sure. In such a situation , the peer company with years experience will benefit a lot and it will help the company  to de-risk  its business model by reducing over dependence on export – if necessary – in future.


Cost control efforts taken by management and their attention even in minute factors is another important point if we look through the eyes of  a minority share holder. Usage of recycled waste water to irrigate the garden and lawn in front of the factory is an example for this zero wastage strategy. They are even selling egg shells and earning few thousands in each year.


Conclusion  



I believe SKM Egg Products Export is a company operating in an Industry with huge potential in future and at the same time with high entry barrier.Most important point is the management’s  high ethical standards they exhibited even during their tough times. I strongly believe , god will always with such people and lead them into more success . This is one rare company from the micro cap space I can assure one thing – if there is any  failure for this company in future ,it will be only because of a reason beyond the control of promoters and its management.That much is the efforts they are taking to bring back the company into the right direction and further growth.For FY 2013-14 , on a consolidated basis company reported a Sales of Rs.264 Cr , a net profit of 7.20 Cr and an EPS of Rs.2.76. Stock of SKM appreciated post declaration of full year result and currently trading around Rs.60 .Prima-facie on a P/E based valuation method , this is neither cheap nor expensive.But to get a fair picture about last year profit ,we should dig deep. This 7 .20 Crore profit arrived after providing an Exchange fluctuation loss  of Rs.7.36 Crore and another one time expense of Rs.4.15 Cr. Considering the chance for stability in Rupee value ( compared with last year)  less forex loss is a possibility in current year .In the case of the mentioned one time expense incurred in last year , there is no chance to repeat it again. If we consider these two important hidden factors,valuation picture will change positively. In addition to this , company’s debt reduction will directly impact its bottom line and EPS figures going forward.Along with this quantitative figures, SKM’s market leading position, robust business plans with introduction of new products and penetrating new markets supported by a highly ethical management which is taking every effort to reach a debt free   Rs.500 Cr company in next few years  makes its an attractive pick for long term investors even at current level.


 Listing

During its worse time in 2011-12 ,company sought share holders approval to de-list its stock from BSE and remain listed only in one exchange. In the 17th AGM of the company, share holders approved a special resolution for this purpose and hence at present SKM Egg Product Exports is trading only in NSE( De-listing procedures from BSE yet to completed and theoretically still it is listed in BSE but suspended from trading )  and currently trading around Rs.60


Link to Company Website HERE


Disc: It is safe to assume that, I have vested interest in it as a share holder.


 
 




 




102 comments :

  1. VP Sir,
    Wonderful PIck and Diwali Gift to all your readers and now thoughtful Investors !!
    All the best wishes for your health, wealth and well being !


    ValueSeeker.

    ReplyDelete
  2. VP Sir,

    I did shortlist the stock but dropped it as I thought Srinivasa Hatcharies (BSE) & Venky can be clubbed together with SKM broadly as Poultry Sector!

    ReplyDelete
  3. Dear VP,

    Thank for your recommendation and wish you a happy Diwali. Venky is large player and major competitor in this segment for SKM, but do you know the capacity figure egg processing for Venky?

    ReplyDelete
    Replies
    1. Venky's is large player in overall Poultry industry but not in Egg powder buisness

      Delete
    2. An unlisted division of Venky's is doing the Egg Powder export business with a capacity is 1.50 million eggs per day Vs 1.8 million per day in SKM. But the points in favour of SKM are :
      1) SKM's product range is more attractive than Venkeys. All products available in different physical states for different uses
      2) SKM's quality control is far superior to others
      3) SKM is the largest Exporter with long-established associations with major international food companies

      Delete
  4. Thank you VP Sir for your detailed analysis.

    ReplyDelete
  5. Hello Mr VP
    Nice pick,wish u very happy diwali,
    But one condition of MKT cap is half of this yr sale does not fit as sales are 230 crthan MKT cap of 160 cr
    Rgrds
    R S

    ReplyDelete
    Replies
    1. Check the market cap at the date of publishing of clue , not the same of now.

      Delete
  6. VP sir promoter pledge is big concern for this share

    ReplyDelete
    Replies
    1. I don't know from where people got this false figure about promoter debt. Check NSE website ,just 12 % of total equity and 24 % of promoter holding is currently under pledge. Pledge percentage falls from more than 80 % to current 24 % in last two years .

      It is really sad to see you could not find time to read the above posted report itself where I clearly mentioned the current status of pledge.

      Delete
    2. Kindly Check it at NSE Site.........Pledge percentage of promotors falls from more than 80 % to current 24 % in last two years. Data of shareholding pattern given on moneycontrol site is old and not updated.

      Delete
  7. my prediction is true,happy diwali sir....

    ReplyDelete
  8. SIR, ALREADY ROSE FROM SIX TO SIXTY, IS IT SAFE BUYING TILL NOW, AS PROMOTERS PLADGE 82 %

    ReplyDelete
    Replies
    1. Whatever I know about the company and what my suggestion is already there .Whether should buy or not is your decision.

      From where you got the information that 82 % of shares are pledged ?

      Delete
  9. I got it right this time. Thanks for the learning - R Mane

    ReplyDelete
  10. Dear VPJi,

    Thank you very much for this wonderful stock pick through GTS 7.
    We are sure that this will also become a multibagger as your many previous recommendations. Eventhough I could not reach up to SKM, came across with many companies which are worth looking and investing. I hope that was your aim. In fact you are the only one analyst in this country doing such selfless service to small investors.
    Really thank you very much once again for Partnering Knowledge to understand market and stocks, Sharing Skills to analyse companies and sectors and Changing our Attitude in value investing.

    Wish you and all of your followers in this blog, A very Happy and Prosperous Diwali and a very lucky Samvat 2071.

    With sincere thanks and regards,


    Neeraj Sharma.

    ReplyDelete
  11. Happy Diwali Sir
    I had guessed the stock right but couldn't buy it on Monday when the circuit was open coz I cannot buy Poultry stocks like Godrej , Venkys ,SKM etc coz I am Jain .. I even thought about buying when the circuit was open after 3-4 days but didn't have the feeling to buy it ..
    Can you cover this issue which others may also face ??

    Continue with your great work and make investors learn so much from you :)

    Regards

    ReplyDelete
    Replies
    1. Rahul

      I am not aware about the religious part but this company is not killing any birds but using only the eggs :)

      Delete
    2. Non Veg stock on Muhurat day. No offence though :)

      However, Please continue to do the work to identify good stocks at early stage.

      Delete
    3. A Big Thanks for this Clarification respected VP Sir.

      Delete
  12. Dear VP sir,

    Extremely thankful for sharing the knowledge and at the same time making us put effort into it.

    Wishing you a very Happy Diwali and prosperous investing.

    Regards,

    ReplyDelete
  13. I knew this company from day one. The sad part is you lied in on first point. It is not listed on BSE, Just NSE. If you would have cleared that at least i would get a decent to enter. Now non stop uc? How do we enter?

    ReplyDelete
    Replies
    1. I never mentioned that this company is listed in one exchange or two exchange .Theoretically it is still listed in BSE though suspended from trading due to the reason mentioned in the last paragraph of my posting.In such a situation how I can say - it is listed only in NSE ? .

      Delete
  14. Sir do you have facebook? Beacause i got to know some people are talking about your profile on moneycontrol borad?

    ReplyDelete
    Replies
    1. Yes

      https://www.facebook.com/value.pick

      Delete
  15. Dear vp sir,
    All the points which u described r also applicable for freshtrop fruits ltd. What r ur views on the same.
    Dilip

    ReplyDelete
    Replies
    1. Freshtrop fruits is an exporter of fruits.I clearly indicated the market of product manufactured by the company in question is limited in India . Do you think there is no market for fruits in India.?

      Again ,Fruits are exported by thousands of companies and even individuals from India to foreign countries.

      Delete
  16. Happy Diwali Dear Sir!! This was quite an experience hunting for GTS n finding it.. Came across many nice niche companies in the process.. God bless u and have a safe diwali

    ReplyDelete
  17. Hi vp sir,
    Happy diwali..
    Hari
    kannur

    ReplyDelete
  18. Hats off to your lovely analysis. I just exactly believe in what you say. Invest in Business not in the stock market. But identifying business the way you do is possible only with years of effort. I guess the only way is to read more and more. I just love this GTS series which gives us a lot of opportunities to learn new business that I never heard of. Every time you publish GTS I have 10 times more learning than your regular recommendation which I think is more valuable than anything else. I am just 10 years into the stock market but over the years I have discovered that the ability to identify business which are at inflection point and the conviction to hold are the most important factors to make big bucks. I wish that you recommend all the stocks through GTS series.
    Happy Diwali and have a great year ahead. Thanks a million for imparting all this knowledge.

    ReplyDelete
  19. Sir,

    You have written "Exchange fluctuation loss of Rs.7.36 Crore" in last year. Being an export driven company, how could they have had such a huge loss in face of depreciating Rupee? In fact, they should have a handsome profit on this account! Unable to understand.. kindly shed some light.

    Thanks.

    ReplyDelete
    Replies
    1. Don't think companies with export business will work without hedging .

      Delete
  20. Dear VP Sir,

    This time you did not publish names of those who sent the correct answer?Happy Diwali sir

    ReplyDelete
    Replies
    1. This time lot of people become lazy and tried short cuts to get the name , that's why I avoided publishing .

      Delete
  21. Sir the valuations tends to be very much strectched at current 60 levels and you mentioned that you have vested interest aswell. As far my understanding goes there is a Trade free Agreement with Europe soon to be signed, with europe urging acess to Indian markets for poultry and farms products which India is not ready to negotiate on,because we know the quality the europeans make can give the acess to 1.25 billion people to feed.If agreement is signed, that would be disaster.Secondly prime agenda of Finance ministry to control Rupee depriciation and stabilization to reduce inflation,that would be also a major setback for these kind of companies.Remeber Dollar Euro has breached 35% against Rupee, Seeing the intenational commodity touching 5 year low can also be dangerous. Though company has almost monoply but sincerely valuations are tend to be far over streatched.

    ReplyDelete
    Replies
    1. Company is not selling their products in India .If more companies come to India in poultry field ,it may increase the supply of Eggs and reduce its raw material cost.

      I don''t think govt will allow sharp appreciation of Rupee against dollar due of a possible negative impact on Export companies.

      Delete
  22. Dear Mr.VP

    Thanks for valuable stock pick up under GTS.
    wish you vary happy Diwali
    regards

    ReplyDelete
  23. Hello Sir,
    I have recently stumbled across your blog, and I want thank you for your noble intiative of helping others.

    I had a bit of an off-track question. With recent deregulation of petrol prices, and global cooling of prices of oil. Could you suggest sectors (except those dealing directly with oil like ONGC, RIL etc), which could gain. For example, will petrochemical companies stand to gain?

    ReplyDelete
  24. Wish you a very happy Diwali VP!!!!

    ReplyDelete
  25. Due to other engagements , reply for further comments will resume on Sunday only.

    ReplyDelete
    Replies
    1. Salute to your commitment towards us! Thank you.

      Delete
  26. Wishing you a very Happy Diwali...God Bless u

    ReplyDelete
  27. Sir,

    At the out set, wishing you and your family a very happy Dipawali.

    My query is regarding your recommendation around 10 months back.......Caplin Point Lab. It has appreciated substantially since then. Company has informed that additional line of production has started and it's figures will get reflected in the quarter ended Sept. 14 results. Seems the current share price discounts the said news same. Do you still recommend buy OR hold / sell on the same.

    With regards,

    Shrikant Joshi

    ReplyDelete
    Replies
    1. Don't think the entire benefit of production will reflect immediately on the beginning of commercial production, The real potential will reflect in performance once it get USFDA approval . Risk takers can still Hold

      Delete
  28. First of all Happy Diwali to you and your family Sir.
    And Thanks a ton for all these wonderful recommendations.
    This GTS was really a great learning experience. This time it has helped me to find some interesting stocks.


    Regards,
    Saurabh

    ReplyDelete
  29. Dear Sir
    Could you please let me know your views on Punj LLoyd,GVK Power and Stylam Industries

    ReplyDelete
    Replies
    1. Not tracking Stylam Ind and GVK

      Not positive on Punj Lloyd

      Delete
  30. Dear VP Sir........
    Wish you a Happy Diwali....
    Its a good work....... to give us a clear picture about the Company.(SKM Egg Products), as a new comer in share market, I sure it will help me a lot.
    Thanking you very much..........

    ReplyDelete
  31. Hi VP sir,
    i am already holding ployplex from 295 level ,thinking of buying some more , should i buy them at cmp or not ???

    ReplyDelete
    Replies
    1. Nothing changed in its fundamental side post recommendation

      Delete
  32. Quick question .. Since the price of this share has increased from 6 Rs to 60 Rs now, is this the right time to enter?

    Please advise as it will help me to take right decision. Thanks again and Salmubarak

    ReplyDelete
    Replies
    1. Why you are only looking at the change in price and not interested to know the change happened in its business during this period ?

      Delete
  33. Dear VP sir,
    While searching for GTS-7 I came across Trident Ltd which looks good for long term.Can u please share your views on this.
    Pls post my comment and reply with ur views.

    ReplyDelete
  34. Your comments on Garware Wall Ropes?? Tried posting several times, not getting posted...

    ReplyDelete
  35. Being a new entrant to the stock market, and to your blog on which I do spend a lot of time, I was wondering as to how a single person could make changes in the lives of a quite number of people!
    Learned a lot from your blog, but failed to encash due to various reasons.
    Sir, may I suggest you either to discontinue this GTS series, or make it more difficult so that your good intention does not get abused as in the case of SKM Egg products. Look at the way very few on the MMB Board and the social media defeated the purpose, thereby could concentrate the money in their few hands, abusing your good intention! It was very painful to see the name on the board, and somebody has even pointed out to him that you should not have done this!!
    Happy Diwali sir

    ReplyDelete
    Replies
    1. Dear Girijan


      Lot of things are beyond our control in this word .What can we do

      :(

      Delete
  36. Wat are your views on mm forging and Jenburkt Pharmaceuticals Ltd And vim plast?

    ReplyDelete
  37. Can you provide me information about this company "ESS DEE ALUMINIUM" and whether the stock is worth investing for handsome returns with a long term horizon? Help would be really appreicated.

    ReplyDelete
  38. Hi vp sir, The search option was completely changed. Previously was can the comments related to a particular company but now we can see only the posts

    ReplyDelete
    Replies
    1. True , but change is due to some issue from blogspot side , not from my side.

      Delete
  39. Dear VP Ji
    what is your opinion about the Prime property development corporation Ltd which is trading at 4 PE level. Looking forward for your valuable opinion.
    best ragards

    ReplyDelete
  40. Dear VP ji.....thanx for suggesting great books.....

    ReplyDelete
  41. VP Sir do you still track Genus Power? Is it worth buying at current levels considering it has not moved anywhere in last few years. The demand for some of its products are also expected to pick up.. Your kind suggestion on this will be helpful

    ReplyDelete
  42. VP sir
    Your views on krbl.. Please

    Thanks
    Prakash K

    ReplyDelete
  43. Sir this Gts series was quiet a learning experience for me. Some of the broaders have broke the rules on social media site. I think that you should punish such persons in future by using option of "unfriend".
    Good to see your disclosure i.e I have vested interest in it as a share holder it means that you are very much positive on this stock. If everything goes right for this company can it give returns like Avanti feeds?

    ReplyDelete
    Replies
    1. I believe , still there is lot of steam left in it.

      Delete
  44. Dear VP sir wat abt CYIENT LTD..... pls tell abt it.

    ReplyDelete
  45. So many people are asking whether you track this company or that company. They are wasting blog space and unneccesarily making us read their posts and your reply " Sorry I don't track the stock"
    Can you pl post a message at the top of the blog asking people to first search using the search filed and if the stock is not there then they must assume you are not tracking it.

    ReplyDelete
  46. Dear VP Sir,
    Thanks for your timely suggestions and recommendations. It is really helpful to the entire stock market and beginners as well as big players in the Market.
    VP Sir, how do you see the potential growth of DISH TV. Also, since the government revealed the names of black money account holders, how it is going to affect the stock of DABUR ?
    Thanks for your response.

    ReplyDelete
    Replies
    1. Not tracking Dish TV

      Expecting only sentimental Impact in Dabur.

      Delete
  47. Is premier explosives and heritage foods are good in buying at the present rates

    ReplyDelete
    Replies
    1. Both stocks appreciated substantially ,Search this blog for updates

      Delete
  48. As this is hitting upper circuit daily I am not able to buy. Is there any other way to buy this share?

    ReplyDelete
  49. Dear VP, Do you track shree hari chemicals and Bodal chemicals

    ReplyDelete
  50. SKM is hittng circuits daily. How do i buy it

    ReplyDelete
    Replies
    1. Hitting circuit not means no trading is happening. Yesterday also about 50000 shares traded

      Delete
  51. any view on Usher Agro Ltd ? kindly advise sir

    ReplyDelete
    Replies
    1. Any stock will move up in a bull market. Only in a bear phase people will think about quality . I am bit skeptical about the promoters of Usher Agro

      Delete
  52. Hi Sir,
    I saw Galaxy entertainment's potential is similar to SKM and is currently closed at 43.80. So what is your opinion about this stock? Please give your suggestion on the investment in this stock.

    ReplyDelete
  53. WHY DO YOU RECOMMEND STOCKS WHICH ARE CLOSE TO THEIR

    LIFE TIME HIGHS

    ReplyDelete
    Replies
    1. About which stock you are referring ? . While recommending a stock my prime consideration is - whether there is value in a stock at current price and not its high or low price.

      Delete
  54. Vp sir your view on Birla Shloka Education.please suggest

    ReplyDelete
  55. Sir,

    One correction please.The sales figure mentioned by you during the year 2013-14 is 263 Crores however the figure is 239 Crores as per the annual report.

    Thanks

    ReplyDelete
  56. VP Sir, what is your view on Grauer & Weil

    ReplyDelete
  57. VP Sir: Your views on investments in (a) Ybrant Digital Ltd and (b) Pochiraju Industries at CMP ?

    ReplyDelete
  58. i really appreciate your effort in finding multibaggers and your kindness in sharing your valuble knowledge Dr Sonish

    ReplyDelete
  59. Dear VP Sir

    Any news on why SKM is falling ? Is it a good value add now and do i buy more? or is it a good time to wait and watch the bottom?

    PLease reply sir

    Regards
    DK

    ReplyDelete
  60. Hello VP Sir,

    is it right time invest in SKM????

    ReplyDelete

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