Thursday, May 26, 2016

SKM EGG PRODUCTS - RESULT UPDATE

Company reported a turnover of Rs.49.37 Cr ( Rs.65.37 Cr in last year same period.) and a net loss of Rs.56 Lac ( Profit of Rs.7.86 Cr ) in March quarter . For the year ended FY 2015-16 , top-line is Rs.300.45 Cr and a net profit of Rs.24.86 Cr . Compared with last March Quarter , other income decreased from Rs.9.64 Cr to Rs.43 Lac. Normally ,major part of  other income of company includes Export subsidy from government , exchange rate fluctuation (gain/loss),sale of by-product ..etc

Result Link HERE

38 comments :

  1. VP sir,
    The issue is not the drop in other income but the sales are way down which is surprising.

    Whats your view, why it could be down?

    ReplyDelete
    Replies
    1. Reasons may be many . The recent unexpected spike in Egg price in India may force the buyers to shift to other countries or the company purposefully controlled supply due to unremunerative raw material cost ,to reduce loss.

      Delete
  2. please share your thoughts on Subex post result

    ReplyDelete
  3. Dear sir any views on AK Capital - Cons results look good at least on paper. Tks

    ReplyDelete
  4. Please comment on Dion Global Results too!
    Thank u in Anticipation.

    ReplyDelete
    Replies
    1. Bad result and it is not improving as expected eralier.

      Delete
  5. Dear valuepickr sir sales is less is it a point of concern? appreciate if you throw some light on it
    Thanks

    ReplyDelete
  6. Sir,

    Should we continue holding? Or should book loss and exit?

    ReplyDelete
    Replies
    1. Already requested to stay away for the time being when its price was around Rs.115-120

      Delete
  7. Sir your views on TV18 BROADCAST LTD please.....

    ReplyDelete
  8. Hi VP, thanks for posting result but need expert comments from you as well. do you think this result as aberration or we might see weakness in result for few more quarters.

    ReplyDelete
    Replies
    1. Almost all data ( Daily trend of raw material cost,export figures..etc) to reach a conclusion is available in public media , take a call after analysing this.I have already expressed my personal opinion.

      Delete
  9. Dear VP Sir

    Can i average ABFRL (Aditya Birla Fashion & Retail) at current level as i'm a long term investor.

    ReplyDelete
    Replies
    1. Despite not so good result I believe so , if you are a long term investor.

      Delete
  10. Dear V P Sir, I have invested in SKM EGG @ 121 per share in January 2015. I can wait for one more year till April 2017. Will I be able to recover my investments since I do not want to book a loss of 40%

    ReplyDelete
    Replies
    1. There is no meaning in investing with time bounded fund in stock market.

      Delete
  11. Dear VP Sir,

    Thanks for the update. Please share your valuable opinion on Salzer results. I prefer to hold it for long term

    Thanks in advance

    ReplyDelete
    Replies
    1. The proposed additional investment by government in Railway and power sector is expected to benefit the company.

      Delete
  12. Do you think the company's business won't grow in coming year?

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  13. Dear value pickr sir I thank you for your warning for earlier exit but how you see it from know onwards after seeing this quarter results .Thanks

    ReplyDelete
    Replies
    1. Personally I prefer to stay on my last opinion for the time being . Need to closely watch and understand whether there is any change happening in the business environment which demands a change in strategy.

      Delete
  14. Dear VP sir in last quarter export subsidy was supposed to be realized. Whether it is still receivable or withdrawn by govt. You suggested to exit skm at 115 odd levels since then it is falling and now it seems to break 52 week low.Is it a value buy at 55-60 levels for investors who can wait for cycle to turn positive.

    ReplyDelete
    Replies
    1. Dear

      Please don't misunderstand me as an insider of the company or a representative of the management.Result published just one day back ,we have equal right to seek and get answers for such questions from management,as share holders. To my understanding there is a slight reduction for subsidy percentage for just one item produced by the company from mid of last year.But that is not a reason for such a huge difference , but it is a fact that subsidy is released by govt machinery and it may not happen at same time in each year. Historically ,another major component in other income is forex fluctuation gain/loss which is also subject to change according to Rupee value and hedging strategies. :)

      Delete
  15. Thanks sir for this information ...please your view up ABFRL result

    ReplyDelete
    Replies
    1. Despite not so good result , positive for long term.

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  16. Difficult to understand the results . Why such a large decline in other income in this quarter as compared to last year . Ignore this decline and results seems to be better in comparison to last year comparative quarter considering more than 20 % decline in revenue . Strangely increased raw material cost earlier expected in this quarter is not visible in the results . Balance sheet is quite strengthened now . Mismatch in other income with revenue from quarter to quarter need clarification from the management . This will help in clearing doubts in the mind of investors and will increase investor confidence in the company.

    ReplyDelete
  17. VP sir,

    What is your opinion about the result of SKM.

    ReplyDelete
  18. Sorry Sir, I missed out on your comment regarding mindteck on which you said no change in your positive views . Thanks a lot

    ReplyDelete
  19. What I mentioned earlier about Mindteck was - The company seems diversifying into new gen verticals and we need to wait and see how these new initiatives are turning into numbers.

    ReplyDelete
  20. What about your view in vardhman acrlylics

    ReplyDelete
  21. Sir, I have tried to find your sell call to know the reasons, but not a specific blog has been found. Can you please advise when did you give this call for sell.
    Since, the price has fallen too much for SKM it has come onto my radar to start looking for some investment. Can you please advise your concerns for this company?

    ReplyDelete

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