Why hasn’t court order from 9th march been uploaded on NCLT website yet?
Any other way to track status of court proceedings?
Anyone was able to get hold of Apr 15 call proceedings.
SEBI had proposed releasing analyst meeting transcripts within 24 hrs. Has this been enforced?
And as per NCLT website, court hearing was scheduled for 27th April.
If anyone has latest news / updates, can you please share?
Max had started 5th Metalizer line and 6th on the way. Packaging companies are moving great as spread increases due to great demand and increase in price of all plastic films. Max will follow soon. Great margin will be seen in this and next quarter of Max speciality films.
Max Speciality Films to invest upto Rs. 500 Mn in new CPP Line
Max Speciality Films Limited (MSFL) to expand its capacity with a new CPP (Cast Polypropylene) Line at a total capex upto Rs. 500 Mn entirely to be funded through internal accruals
This new CPP Line will have a capacity of 7.2 KTPA of CPP
Work on this new line will commence in Q2FY22 and expected to be commercialized in Q2FY23
Max Film Speciality CAPEX.pdf (895.2 KB)
1 Like
Friends,
Any news about Delhi one case?
Q4 FY 21 Results out.
Both core businesses, packaging and real estate seem to have fared well.
Interesting to see mention of exploring residential RE as well in NCR region. Awaiting investor call to hear more.
1 Like
I’m not so sure about the results
Toppan is the real beneficiary of the speciality biz
As equity holders, we are bearing the burden of losses in both the rental and asset services business
The real estate vertical should improve with scale but there haven’t been any concrete developments in this line for many quarters now
No end in sight for Delhi one resolution
Several projects mentioned in the presentation are still in pipeline
Good progress on Max Square construction given the lockdown situation. But when complete, NYL will again walk away with the real profit
Sizeable reduction in debt seen in the speciality biz and there is more to come in FY22
It’s a mixed bag. Not very sure about how market will react. Hopefully investor con call will provide some clarity.
Other members: your thoughts?
Sahil clarified today that Delhi one project can take 12-18 months to reach a logical conclusion due to court delays.
That’s the time to complete the project, once approval is received right?
Surely not the time courts would take to grant approval?
Otherwise also, what do you feel @kvpadhu3390 about maxvil now - business and financials?
I guess we are in it for the long haul.
On a lighter note, Mr. Jigar Shah echoes all our concerns when he asks a question. You could really feel the frustration in his voice when he asked how long before every business is demerged 
2 Likes
wow interesting, Max Venture is itself the result of a mega demerger, now it is in itself on road or expectation of a demerger!! Also demerger of a around 1000cr company would be very interesting!!
Real Estate business itself has a high gestation period plus the management looks to be super conservative in decision making for future projects. Super combo to test investor’s patience. RE business wise looks like it will take at least 2-3 years to scale up in terms of revenues and profits.
MSFL is doing well but Maxvil holds only 51% in it, so we don’t get the full credit for it.
There were lot of questions from many frustrated retail investors and the management response was also frustrating 
Yeah seriously
Still evaluating, prospecting, studying opportunities, many projects in pipeline, aargh
We’ve been hearing this since the last 5-6 quarters at least…
Could 6th August 2021 be the final date of hearing for Delhi one?
Appreciate if you can point me to the source please ? Partially deriving “final” based on price action ? Thanks a lot whitehat
https://nclt.gov.in/interim-order/157312
Yeah assumed that to be the case due to the latest court order.
Got the link thanks to @kvpadhu3390
1 Like
MaxVIL Q1FY22 Consolidated PAT Grows 253% YoY to Rs 460 Mn;
Revenue from operations up 49% YoY to Rs. 3,841 Mn
Q1FY22.pdf (1013.7 KB)
Investor Presentation
No new Project announce, still evaluating & Searchin.
Noticed a couple of statements mentioned in the investor presentation.
-
Company is expected to release an ESG report by September 2021. With growth in scale of operations, this could potentially attract investments from certain mutual / pension funds since that’s the ongoing theme these days
-
Company likely to close projects between 0.5 and 1 million sq. feet by end of this FY. Certain projects are in advance stage of negotiations I guess
-
Sizeable reduction in debt expected in MSFL this year, reducing interest costs. Contribution of value added films has gone up significantly. Expected to be highly profitable this year
-
This one is a query: Max square has around 50 - 60k of retail portion. Do you think this could be some ultra luxury pent houses or something? I know of a promoter of a healthcare services company who lives in a 5 star hotel. Like, the presidential suite of the hotel is his actual residence. If this is true for Max Square, the bottom line on the sale of retail portion could be huge!
-
No mention of Delhi one at all though this time. Court dates are getting delayed like it’s no one’s business. Hopefully this will close soon.
Overall good set of numbers. High time company attracts new investors and is likely to be valued appropriately.
Other members - thoughts?