tag:blogger.com,1999:blog-14410328.post2967985552957771537..comments2024-03-29T16:02:51.176+05:30Comments on Indian Stocks: Stock: Jayant Agro: Back Up The Truck!!What'sUp Prahaladhttp://www.blogger.com/profile/05216054234415437998noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-14410328.post-29680424244708766842011-01-17T10:08:33.024+05:302011-01-17T10:08:33.024+05:30Pawan:
- Debt levels are high for jayant agro..
-...Pawan:<br /><br />- Debt levels are high for jayant agro..<br />- Debt levels have been discussed before .. and are mostly short term and inventory related (according to what I could see from the annual report)<br /><br />Also in the annual report March 2010:<br />(Consolidated)<br />Secured loans: 209.9Cr (March 2009: 47.6Cr)<br />Secured Long term: 54.5Cr (March 2009: 26.2Cr)<br />Secured Short term: 153.8Cr (March 2009: 21.0Cr)<br />Unsecured loans (from banks): 27.5Cr (March 2009: 43.0Cr)<br />==============================<br />That was loans lets look at what has increased:<br />Inventory: 126Cr (March 2009: 46.20Cr)<br />Sundry Debtors: 44.1Cr (March 31.6Cr)<br />loans and advances: 73.2Cr (March 28.4Cr)<br />Loans and advances can be further drilled down to:<br />Excise and other taxes recoverable: 26.9Cr (March 2009: 12.8Cr)<br />Advances recoverable in cash or kind: 27.6Cr (March 2009: 1.8Cr)<br />Deposits: 3.74Cr (March 2009: 2.9Cr)<br />Advance payment of taxes: 14.7Cr (March 2009: 10.7Cr)<br />==============================<br /><br />(I think) the increase in debt is mainly from inventory purpose.. as the company is gearing in for higher sales due to the new derivatives plant.. <br /><br />The company has made income tax provisions of 16.3Cr (March 10.3Cr)<br /><br />In past 6 months Jayant agro has paid income tax of: 4.84Cr which leaves 11.46Cr for the next 2 quarters... :-) So lets see the results are due end of this week..<br /><br />There has been considerable selling of stock by HNI, corporates .. as per Dec 2010 shareholding report.. I am trying to get the data up on my blog..<br />(dont know why they would sell? do they know something we dont? or its just a ploy to get the weak hands worried and make them sell.. there are only 6000 shareholders.. so I really dont know how much smaller an investor community do these MM want for Jayant agro?..<br /><br />Anyway I am confident of long term prospects and am sticking on with Jayant Agro..<br /><br />=happy investing<br />whatsup-indianstockideas.blogspot.com<br /><br />Pls note: This is my understanding of Jayant agro Annual report.. Please do your own deep diveWhat'sUp Prahaladhttps://www.blogger.com/profile/05216054234415437998noreply@blogger.comtag:blogger.com,1999:blog-14410328.post-53989012040285694292011-01-16T20:48:05.344+05:302011-01-16T20:48:05.344+05:30Prahlad,
The company has very high debt. How do yo...Prahlad,<br />The company has very high debt. How do you think that would impact the company?<br />Regards,<br />PawanPawanhttps://www.blogger.com/profile/03969690253002313371noreply@blogger.comtag:blogger.com,1999:blog-14410328.post-26567504920136742792010-12-19T19:55:04.311+05:302010-12-19T19:55:04.311+05:30Thanks for the prompt reply Prahalad..
Regards,
V...Thanks for the prompt reply Prahalad..<br /><br />Regards,<br />VijaySreeraghavi Majjihttps://www.blogger.com/profile/12774784060305948276noreply@blogger.comtag:blogger.com,1999:blog-14410328.post-40933333510002273142010-12-19T18:50:17.076+05:302010-12-19T18:50:17.076+05:30Vijay:
This was raised before also.. by other inv...Vijay:<br /><br />This was raised before also.. by other investors..<br /><br />As per march 2010 annual report.<br />Secured loans:<br />Long Term: 4.48Cr <br />Short term: 132.36Cr<br /><br />If you see Inventories is: 92.7Cr (March 2010)<br />Last year inventories was: 43.16Cr (March 2009)<br /><br />Conclusion: Most of the loan is short term .. which seems to be mostly related inventory (92.7Cr)<br /><br />Also long term debt is: 0.42<br />short term debt ratio: 2.10<br /><br />This is for Standalone.. consolidated numbers are:<br />==========================<br />Loans 237Cr<br />Inventory: 126Cr<br />Cash 11.38Cr<br />Long term loans: 54.5Cr<br />Short Term: 153.88Cr<br />=========================<br />I would not worry.. about the debt levels as the next 2 years are going to be golden for Jayant Agro..<br /><br />=happy investing<br />whatsup-indianstockideas.blogspot[dot]comWhat'sUp Prahaladhttps://www.blogger.com/profile/05216054234415437998noreply@blogger.comtag:blogger.com,1999:blog-14410328.post-62589555459698517662010-12-19T12:29:32.650+05:302010-12-19T12:29:32.650+05:30Dear Prahalad,
I have started liking jayant agro ...Dear Prahalad,<br /><br />I have started liking jayant agro after reading your posts. Thanks for this. Just few things prevent me from taking an exposure into this script:<br />1. Debt of around 150 Crores.<br />2. Very very low profit margins. Are these guys under reporting the bottom line. I guess they will improve on bottom line when they move to value added castor derivaties, as suggested by you.<br /><br />Another thing that I noted of late is the VC group is active on oil industry..Just check out Siva Group picking up 10% stake in KS Oils and Ruchi Soya..Hope something great is on the cards for Jayant... <br /><br />Whats you take on the debt factor that I mentioned above..<br /><br />Regards,<br />VijaySreeraghavi Majjihttps://www.blogger.com/profile/12774784060305948276noreply@blogger.comtag:blogger.com,1999:blog-14410328.post-64451912361060365722010-12-12T12:17:31.942+05:302010-12-12T12:17:31.942+05:30Purushottam:
Once we have data and the ability to...Purushottam:<br /><br />Once we have data and the ability to analyse the data then abnormal price changes can be considered as an opportunity to buy or sell..<br /><br />Most likely the fall in price is to get margin calls for the buyers at the higher levels.. <br /><br />if you see the bulk deal for jayant agro <br />- Buy on 15/09/2010 of 75,000 shares @ 139.52<br />- Sell on 15/09/2010 of 75,000 shares @ 139.00<br /><br />So the stock has fallen a lot from 139 levels.. <br />I would suggest start investing from this level itself cause the recent high of 160 and current price of 87.8 is a 45% correction..<br /><br />which is pretty big.. and it's just not possible to catch the bottom..<br /><br />Invest 50% now and rest in installments..<br /><br />=happy investing<br />whatsup-indianstockideas.blogspot.comWhat'sUp Prahaladhttps://www.blogger.com/profile/05216054234415437998noreply@blogger.comtag:blogger.com,1999:blog-14410328.post-322767503616233252010-12-12T10:39:27.273+05:302010-12-12T10:39:27.273+05:30If any stock is tanking 20% a day there should be ...If any stock is tanking 20% a day there should be a reason. Looking at financials we are sure it is good. Now why did stock go down.?. Only reason i can see is they are doing it to supress the stock to acquire at low prices.. Why would they do it ? Might be Bonus is on cards.. They even mentioned about it.. So keep your fingers crossed.. I belive stock can tank till 72 and then rebound.. Dont worry abt short term loss. When a stock can tank 20% a day without any news.. it has capability of coming up 40% in no time... Hold on to your fort.(Buffets words" the stock market does not exist. It is there only as a reference to see if anybody is offering to do anything foolish".) <br /><br />Prahalad as always you are gr8...Purushottamhttps://www.blogger.com/profile/15803714506554460677noreply@blogger.com