The promoters should conduct earning concals. Promoters should address concern of minority shareholders also and communicate with them. We will atleast get to know about the vision of management.
Disclosure: Exited some time back
As per market information , URBANIA has not been able to live to the expectation of customers. Can any body throw some light on it…
Force motors Q2 EPS jump to 102 from 71, something excellent going on margin 14%
Price has corrected a lot …where do u see the price goin forward .and any update on exports …is it increasing and domestic sales for nov 2024 …pls guide
I am sorry to poke in ,as question wasn’t addressed to me .
But on valuation front i think it is undervalued , i would give 8000-9000 fair value ,depending on the present earnings.
Have bought @ recent levels , the ones sold earlier at high prices.
Just keep it and add to existing holding, this is a company to create long term wealth. Company is starting new assembly line in Kenya, anytime EV Traveller will hit market. 500 cr lown has been paid off, robust 1000 cr operating cash is available at a market cap of 8500 cr.
Until we investors get an opportunity to get with the management on quarterly calls it is difficult to bet on the company as one doesn’t know exactly what %age of margin expansion is being driven by an improved product mix (Urbania, Gurkha) and what %age due to an all time low steel price which is a key raw material for the industry. There are many questions that one would have like Are they passing on the low raw material costs to the end customer or enjoying it themselves? , until the management answers these questions I think any investor here should be careful as one might see margin contraction if the steel prices start trending upwards. In companies like these maybe Technicals and a Vstop could save the common retail investor from loss of capital.
Disc: Not invested, just sharing my views
I am invested from 2016 and have seen ups and down in this script, management is lazy in communication but working on full throttle which is visible from last 5 year Capex program. They will be like this only. What matters is return, business moat and performance, dont find an issue over there.
The management should have moral responsibility to interact with shareholder through concals. Management is answerable to its shareholder and they cannot and should not avoid. Its not laziness but corporate governance issues with which they are not comfortable interacting with analyst…
Its a free world and 6000 stocks to invest, why bother? Invest elsewhere if there are red flags.
I am just not bothered but its a general comment on the quality of management and Corporate Governance. I like to study stocks for my knowledge even if am not invested.
Disclosure: Earlier invested and now tracking for knowledge purpose. 
About 2/3rds of companies do not do con calls . It is not mandatory to do so either .Before 2015 , companies would publish results when they would …quarterly results were not mandated . The red flag is about the so called investors who do not bother to research and build conviction and need constant handholding in the form of business updates, concalls and media releases to soothe their nerves .
Very few businesses evolve so quickly as to require quarterly con calls and guidance . There are mandates for price sensitive informations that companies are publishing by notification and there is investor relation contact mail ids , if one needs to ask questions .Con calls on the other hand can’t itself be a red flag , because many companies do them during bull runs to push up the price and stop them during bad times. Check Globus spirits concalls between 2021 and 2024 . Many others give guidance and miss all the time …check intellect design arena or Laurus labs . It’s much better to guide oneself without managements help .
Rightly said, a crook promoter will never say he is a fraud in concall, corporate governance is something you need to assess based on promoters actions. Some are listed below
- Related party transactions
- Opening a group company with same business domain
- Increased pledge without credible evidence
- Reducing stake on and off at higher levels
- Over optimistic projections in investor interactions.
- Reducing ROCE even EPS is increasing
- Auditor resignation
- Resignation of CFO
Yes Bank was a classic example, who will question Rana Kapoor when banking is concerned, even large MF lost money in Yes Bank.
Sales no for nov 24 is flat with domestic sales increase by 12.5 % over nov 23 …but export is down …dont know why exports is down …lets hope for the best … hope company could turn around export biz as well …
Why price is falling …is there any concern .??
Do company also supply to defense . And what is the status oc that biz …any updates on defense orders in pipeline ??? Pls guide.