Wednesday, September 23, 2015

SKM EGG PRODUCTS - AGM UPDATES



The twentieth AGM of company held today in Erode at 4.15 PM. About 70 shared holders participated in the event .

Key takeaways 

·        Management is optimistic about the present business environment and confident about the bright future of the company.

·        Company is planning to increase its production capacity from 7000 tons to 10000 tons
 using internal accruals.

·        Management discussed various  ways to expand capacity and reached some viable options  for the same . The final decision will be declared in near future once it get board approval.

·        Company expecting Rs.300 Cr turnover and better margin  in this FY  and  confident to reach Rs.500 Cr top line in two years.

·        At present major markets are Japan and EU Countries and company getting lot of enquiries from new markets like Russia,South Africa, Middle East ..etc 

·        Company completed almost all formalities for BSE listing and one certificate from its banker( SBI) is pending which is expected to receive in another 2-3 months .



Posted by VALUEPICK at 9:48 PM

24 comments :

  1. Sandeep AmbilkarSeptember 23, 2015 at 10:10 PM

    Thank you for updates. Promising take away. More conviction about its potential.

    ReplyDelete
  2. KrunalSeptember 23, 2015 at 10:58 PM

    Awesome vp sir...expansion through internal accruals is great news, so that skm remains debt free...sir do u think that q1 profit margin is sustainable for the entire year and in fact can be bettered...it reported 14 pct np margin for q1...

    Krunal

    ReplyDelete
  3. ANANDSeptember 23, 2015 at 11:59 PM

    Thanks for the update Sir. I posted a comment in previous blog but its not posted Sir. I requested you to suggest few stocks which I can enter at CMP as I am very new to stock market. I entered MIC, SKM egg, DIC. Many of your suggestions are appreciated a lot to enter at CMP. Pls suggest from infra, auto ancillary, logistics sector which I can enter at CMP sir

    ReplyDelete
    Replies
    1. VALUEPICKSeptember 24, 2015 at 5:20 PM

      It is practically impossible to suggest stocks suitable for each one on a personalised basis .I believe investor itself is the best judge to decide whether a stock is suitable for him or not . Only the investor know his risk profile, return expectation, holding period ..etc. Because of this reason one stock suitable for one investor may or may not suitable for another.So dedicate some time to study the company and business and take a decision . Use sources like this blog and others to improve your understanding about companies.

      Delete
  4. UnknownSeptember 24, 2015 at 2:01 AM

    Take a bow VP Sir!! Heartful THANK YOU for identifying SKM Egg early.

    Can we accumulate Capital First, CanFin Homes, Alphageo and Aksh OptiFibres to be part of a steady fruitful portfolio ?

    ReplyDelete
    Replies
    1. VALUEPICKSeptember 24, 2015 at 5:21 PM

      All these stocks except Aksh suggest at much lower level

      Delete
  5. RaghavanSeptember 24, 2015 at 5:41 AM

    Sir, thanks for update. This was 1st stock including from your table!
    Would get your views on Dynamatics tech, the stock though corrected from irrational valuation still appears high based on margins and financial position. Thanks and regards

    ReplyDelete
    Replies
    1. VALUEPICKSeptember 24, 2015 at 5:23 PM

      Dynamatic Tech is a niche company with lower floating stock . But fresh entry at current rate is a question , especially in case of an average risk taker.

      Delete
  6. jokerSeptember 24, 2015 at 8:49 AM

    Sir
    Did the management spoke about the Russian mkt andthe progress if any?
    Thanks

    ReplyDelete
    Replies
    1. VALUEPICKSeptember 24, 2015 at 5:25 PM

      As u are aware company is running near full capacity .In such a situation diverting from already existing customers to a new one makes no sense . Company will address new markets aggressively once additional production capacity established

      Delete
  7. Gopal Krishna VarshneySeptember 24, 2015 at 8:59 AM

    Hi sir,

    I am accumulating lycos Internet. What are your views about it?

    ReplyDelete
  8. UnknownSeptember 24, 2015 at 9:48 AM

    Sir, can we accumulate hindustan zinc and NMDC for long term as both have good ROE. Please provide your suggestion.

    ReplyDelete
  9. UnknownSeptember 24, 2015 at 10:16 AM

    Thank you for the update. Sir can i have your views on Sterlite Technologies and also impact on its future prospects due to acquisition of Elite Technologies for all cash deal of Rs.180 Crore?

    ReplyDelete
  10. Chetan BiluveSeptember 24, 2015 at 12:09 PM

    Hi VPji,
    I have one query regarding indian wind sector. Pure play listed wind energy players are suzlon energy and INOX wind.
    INOX wind belongs to INOX group. Balance sheet is also good. It has perpetual license from AMSC austria for technology.
    But, you are positive about suzlon energy. Its balance sheet is totally worse. What made you to think suzlon is a better bet than INOX (If at all comparision is done).

    Am i right to bet on india's wind energy sector??

    Regards,
    chetan Biluve

    ReplyDelete
  11. UnknownSeptember 24, 2015 at 12:14 PM

    Dear VPg, any update on MIC electronics and Hindustan constructions (HCC) and your inputs on these stocks please ?

    ReplyDelete
    Replies
    1. VALUEPICKSeptember 24, 2015 at 5:28 PM

      Not tracking HCC

      As of now nothing to update in MIC

      Delete
  12. VALUEPICKSeptember 24, 2015 at 5:32 PM

    Due to other engagements , blog will be updated only from Monday onward.

    ReplyDelete
  13. UnknownSeptember 29, 2015 at 2:09 PM

    Can we enter SKM at the current levels? I am a newcomer and just camw across your blog recently. U r doing a fine job, VP sir. Eagerly awaiting your response. Thanks in advance

    ReplyDelete
  14. intel trining kalolOctober 25, 2015 at 6:10 PM

    Is alembic ltd a good share for long term?

    ReplyDelete

Subscribe to: Post Comments ( Atom )

Followers

Tweet TopOfBlogs