check valueresearchonline.com, where they show march 31 year end nos. like market cap, BV, PE, Closing Price etc…in their Financials Tab.
I was looking into the P&L of ThomasCook India and was not able to make out the PBT: the PBT for last year has increased from 248 to 5999 crores, is this because it was able to sell the Quess Corp? Does that mean that the company is having lot of reserves?
Usually variable. Yes, you can search for interest rates in the annual report. An abstract way would be to calculate ‘Interest Paid / Borrowings’ from the financials.
There’s no direct way. But perhaps you could try this:
- Sales and Previous Sales are already available
- If you do Sales / (1+3yr Sales Growth)^3, you’ll get Sales from 3 years back
- If you do Sales / (1+5yr Sales Growth)^5, you’ll get Sales from 5 years back
- There’s no way to get Sales from 4 years back
Add Step 1, Step 2, Step 3 and divide by 4. This should be a good proxy for 5yr Average Sales.
Thanks. It is working.
Let’s say I want to figure out the following for a particular company.
- Has the promoter purchased a particular stock recently?
- Has a particular individual purchased a particular stock recently - say I want to find out if Ratan Tata has purchased any Yes Bank shares in his personal capacity?
- Has a particular foreign fund (hedge or mutual fund) - say I want to figure out if Oakmark Emerging Markets fund purchased any Repco Home Finance stock recently?
Is there an easy way to find this information regularly?
Promoter purchase you can see in bse website.
Found this app useful
Promoter purchases can be checked from the exchange website. It is updated daily. Also there are apps for the same which you can use.
Individual transactions are a little difficult but anything taking place over the exchange coming under the ambit of a bulk/block deal will be reported.
Fund purchases can be checked on Bajaar. Also there are apps for the same. You can check the same on mobile as well on Stockedge app.
Do Indian companies usually take debt on fixed or floating rates (both in their long & short term debts) & how can an investor identify the same from annual report or some other public document…
Hello all.how is dividend yield calculated and how is it related to bond yields?another point in 2012 chmanlal setia was trading at cmp of 5 and paying dividend of 1 per year that means in 5 years we returnback our stock price in dividends only.is this kind of pricing of stocks is due to severe bear market conditions or cyclical downtrend of basmati rice industries or this kind of mouth watering valuations are found once in 1 year or so?
Dividend yield is dividend divided by market price of the share. In your example, dividend yield comes to 20%. There is no direct relation between dividend yield and bond yield, though one can say that when bond yields are high, stock prices would be depressed and therefore, dividend yield would also be high.
A 20% dividend yield would be very rare and would mean that stock price is extraordinarily depressed due to some reason or that the last dividend paid was a “one off”. Note that dividend yield is not assured return, it is calculated on the last dividend but there is no guarantee that the same level of dividend would be maintained in the next year. Also, if the market price of the share dips further, what one gains through dividend would be lost through price depreciation.
As I understood, Profit Growth should be backed by Revenue Growth.
For example - If Profit Growth is 10% then Revenue Growth should be around 8% to 15%.
Is this correct?
Thank you very much wnat is the ideal dividend yield for sake of margin of safety 2 % 4 % 0r 8% etc
Dividend yields have generally tended to be around 2% in our markets, which is quite low compared to the opportunity cost of money. I wouldn’t link dividend yield to margin of safety while buying a share. Margin of safety comes from certainty of earnings and a reasonable valuation for the stock.
This however does not mean dividend is irrelevant. Dividend yield may become meaningful after a few years of holding the stock if dividend rises substantially from what it was when the share was purchased. Dividend Payout Ratio indicates how shareholder friendly the management is. Keeping aside what is needed for capital expenditure, management should return all the remaining cash back to the shareholders and not sit on it.
No. Profit Growth comes from two things: Revenue Growth and Net Margin Growth. So, even if a company’s Sales Growth is only around 10%, its Profit Growth can be more than 15%-18%, thanks to increase in Net Margins. Of course, Net Margins can increase due to a variety of reasons ranging from drop in Raw Material prices to change in Product Mix to several other things. This means that the opposite is also true. A company can grow its Sales and still end up shrinking its Profits.
An example for the former case could be Goodyear India. In the last 5 years, its Sales has grown only by <3%, whereas its Profits have grown by >18% during the same time. An example for the latter case could be Lupin. Its Sales have grown by >10% in the last 5 years, whereas the Profits have de-grown by >26% or so.
So Sales/revenue growth is important but not necessarily tied to Profit Growth and vice versa.
You could say that, yes.
Any insights of about how we can withstand this current fall ? does it mean that do we need to diversify across Large cap/Mid & Small cap ?
Some stocks that we choose margin’s are good but market centimate is bad and that’s causing the downfall , how can we protect by ourselves from this ?
Hi Dinesh ,
Do you consider PEG ratio while checking valuations. what do you consider as growth rate in PEG ratio, Revenue growth , PAT growth or EPS growth.
Also , if you can share your views on margin growth , as how highs margins can go before it stops/stablize , because there would be a limit up to which margins can grow. Suppose NP margins have increased from 5% to 20% in 5 years but it can not increase eternally. At some point it has to stabilize and for more growth than Revenue should increase. Hope my question is clear.