PrimeInvestor - Articles and Reports

India Pesticides Limited, IPO Review
Categories
N V Chandrachoodamani

IPO Review: India Pesticides Limited

India Pesticides is launching an IPO totalling to Rs 800 crore โ€“ with fresh issue of shares worth Rs 100 crore and an offer for sale worth Rs 700 crore by the promoter group. At the upper end of the price band of Rs 290-296 the post-issue market cap of the stock on listing would be Rs3,400 crore and the post-issue price earnings ratio would be 25 times. The offer closes on June 25. The proceeds from fresh issues are planned to be utilised towards working capital requirement and other corporate purposes.

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cash flow, pvr, cashflow of pvr
Stocks
R Balakrishnan

Re-creating the cash flow

Analysis beyond the P&L and the Balance Sheet is a must if we have to take a long term view of any company. I am not referring to fundamental or technical factors, but to more number work based on the published accounts. I am referring to the cash flow. My approach is different from what most textbooks would prescribe. Statutorily the accounts do carry something called the โ€˜funds flowโ€™. That is not what I mean when I talk about โ€˜cash flowโ€™. In the past, during a few of my presentations, I have taken up some analytical work on companies like Sintex, ABG Heavy Industries where a reconstruction of the cash flow showed that the story was vastly different from what the EPS and the PE numbers were telling. A solid cash flow analysis can tell us what the health of the business is and based on what current and likely future trends are, what would be the outcome.

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kims ipo, kims hospitals, ipo
Categories
Bhavana Acharya

IPO review – KIMS Hospitals

KIMS Hospitals or Krishna Institute of Medical Sciences Hospital is a multi-speciality hospital chain with 9 centres, focused on the Andhra Pradesh-Telangana region. The KIMS Hospital IPO seeks to raise a sizeable Rs 2,143 crore (at the upper end of its price band of Rs 815-825). Of this, Rs 1943 crore is an offer for sale from PE investor General Atlantic, the promoters, and 44 other shareholders. The remaining will be used to pay off the already low borrowings and for general corporate purposes. Does the KIMS Hospital IPO make for a good long-term bet?

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Sona BLW Precision Forgings, IPO , Sona Comstar IPO Review
Categories
N V Chandrachoodamani

IPO Review: Sona BLW Precision Forgings

Automotive components manufacturer Sona BLW Precision Forgings (Sona Comstar) has come out with an IPO totalling to Rs 5,550 crore โ€“ with fresh issue of

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paytm money
Short Takes
Srikanth Meenakshi

Frivolous features

You can tell when a platform marketplace is getting too crowded when useless, misleading โ€˜featuresโ€™ get added on to the software in the quest for โ€˜differentiationโ€™. I ran into a prime example of just such a thing when someone sent me a screenshot of a page from the Paytm Money app.

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Franklin Judgement
General
PrimeInvestor Research Team

Franklin judgement – Whatโ€™s said and whatโ€™s left unsaid

SEBI has come out with its order regarding lโ€™affaire Franklin Templeton debt funds. The 100-page document is categorical in its indictment of the AMC and the ways in which these debt funds were managed. 2 messages are clear from the order: One, investor protection is paramount to the regulator. Two, fund managers and AMCs cannot take their fund management responsibility lightly.

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Mutual funds & ETFs
Bhavana Acharya

Prime Recommendation: 2 floating rate debt funds for medium time frames

With interest rates being where they are โ€“ i.e., stable with no clear signs of a move upwards or downwards โ€“ you would wonder where you could hold investments meant for a 2-3 year timeframe. And many of you also wonder if the best option you have is to go for floating rate debt funds as they would have an edge over other debt fund categories.

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