I will make a decision on this stock based on the Annual report which comes in Aug 2018 for last finiancal year and see the spends in R&D, tax payment, working captial and credit period days and lets see what the management commentary is.
Also i have dropped an email to investor relation team and i havent received a reply from them.
some updates
From where are you getting this information ? , also remember its not easy to buy a land, install a plant, commission and run it by April end. So this is a impossbile as i work in Installtion of a any plant site.
somebody had talked to company CS⌠so updating information from there⌠itâd have been great if somebody had been from Dahej and could verify it personally
Dont beileve on somebody information, unless you know it from a known source.
I am still waiting for management commentary as its been a long time they have came on Tv or media or an investor presentation or a conference callâŚ
no, the guy had a recorded conversation with the company secretary. So i had heard that recording. Anyway, I myself will be getting in touch with company today and update here about the recent developments
I am just suprised, what you have told about creditors , are mentioned in the board meeting report published in BSE. Did you talk to the company yourself now and founf out more information ?
yeah I had talked to the company, all of the information I had written above was verified by me after I had a talk with company CS Mr Siddhartha. Like I had mentioned before, the problem about secured creditors, they later released it explaining and agreed to the suggested asset transfer by secured creditors for demerger, and just recently, they also had released notification about the same 14th april meet, which I had mentioned over here few weeks back. So all of that information is credible, verified and from company itself only.
Hi utsav, what do you think is the downside for VEL if de-merger, govt regulation/directions does not come up in the next 1-2 qtrs.
if industrial shift didnât happen, business will still continue to post profits on a similar pattern on QoQ basis and EPS could still manage to be around 1.5 but the huge problem would be the cash flows⌠thatâs a huge challenge this company is facing. I am not a financial guy and just an engineer, so Iâd like to keep things simple⌠cash flow is a huge problem here and I donât see it improving unless some measures are taken by govt to enforce usage of environment friendly heat stabilizers, as that would definitely bring down the no of debtor days and increase the cash flows from operations. Right now, MTM is a choice and vikas has to offer it on higher credit to sell it product, which does help in the topline and bottomline but isnât much reflected into cash-flows⌠it can be imported from china at 5-7% cheaper prices⌠so if anti-dumping duty comes into play. that can also hugely benefit the business of vikas eco. and off course the company is looking to expand in foreign markets, securing huge orders from developed markets would stabilize the business. Itâs a mid risk and high investment opportunity as per me.
disc : i had mentioned before, I am already invested in it and had accumulated at every dip⌠so my views may be biased.
if you could please elaborate upon
âI ve not yet gotten into where money is going and how many subsidiaries companies are getting formed but will soon post views on that too. Just condolidatoon the info .â
It would highly benefit newbies like me and would give us more insight into reading annual reports
Saw march quarter share holding. MFs have entered the counter and Fiis have increased their holding.
MF entry can be Good for the stock. Some re-rating can happen soon I feel.
Disc : invested and hence views may be biased.
Hi,
Can you tell which MF has entered?
It is not mentioned which MF but under SHP >> Public Shareholder >> MF section shows 82423 QTY - 0.03%. There was never any MF invested in VEL before this in any capacity.
Yes, they have some 82k sharesâŚlet me try to find out the MF.
As per morningstar, SBI resurgent India opportunities fund is invested in Vikas. It is an offshore fund.
No of shares held - 82,423.
http://www.morningstar.in/stocks/0p0000av4f/bse-vikas-ecotech-ltd/overview.aspx
Hmm⌠that is a good info. We were waiting for this information on which MF has entered Vikas. This may open the door for others.
can anybody tell me where have Jayanthilal Cheddhaâs (prince pipes) holdings been classified in the recently released shareholding pattern?
Its reported as below⌠in the bottom of the SHP
JAYANT S. CHHEDA HUF 1 20000000 2,00,00,000 7.15
