142. Septa| Link| Bookmark|
February 8, 2016 6:10:15 AM
(4000+ Posts, 4600+ Likes)
just surfing through q3 result UFO result r good TTM is health PE is come down 23 which IMO is good may be time to look into this counter Q4 is always a good year...... VRL not bad 5 rupee interim div nice
I would give this ipo a miss. Although i am neutral on the ipo but the merchnat bankers haven''t left anything for investors in regards to issue price and appears to be greedy
Positive 1)Almost Debt free 2)margins have grown
Negative
1) Business is highly sensitive 2) Intense competition 3) priced at around 38 p/e. Global peers are ruunig at much lowe P/E 4)Profits have declined since last 3 years
As profits have decreased YOY since last 3 years proved their business has started facing intense competition and cant maintain growth in near term.
when your profits are declinig you dont deserve that high P/E in range of 36-40
Thye should have kept price at around 20-25 P/E to price it well
market capitalisation of Russian stock market is actually lower than the market capitalisation of Apple ..... wow that is some under valuation in Russia i only wish it was english speaking nation........
136. Eagleye| Link| Bookmark|
February 7, 2016 8:33:53 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Sometime any issue bumper opning eg. alkem,lal,nh so loot koot not comeing at the forum but if 1-2 ipo negetive in the issue price he is comeing this forum..
129. Eagleye| Link| Bookmark|
February 7, 2016 3:39:32 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Appeal to expert Financial Analysts ...
Can someone please help me to calculate the "Operating EBIDTA" of QuickHeal... i.e. remove other income & also remove non-operating expenses (eg R&D exps)
For the fiscal year 2015, the company reported net revenue of Rs 286 crore, EBITDA of Rs 100 crore Approx and net profit of Rs 53.8 crore
also for financial year 2015 they have taken 46 crore a dividend nice just like indigo
they have 23 crore Vat issue still on the books
pages 200 and 201 of red herring has the break up it is landscape format very hard to read my printer is out of order but not much RD expense for last few years but big jump in marketing cost
Mehtaji, Many companies showing good growth now but it''s hard to predict same growth for next five years. Every time sector is changes like last 6 years Pharma, last 3 years IT, before 2010 it was metal. It''s hard to predict world market for next 5 years. I am betting only large cap or mid to large cap stocks for 5 years of horizon for safer side. I suggests following stocks for investment horizon of 5 years:
Tata Steel Vedant SBI Coal India Colgate Palmolive Glaxo L & T Alkem Ioc Reliance industries
You need to buy these stocks in every decline of market. Accumulate these stocks in small quantities. You need to stay invested for 5 years like SIP for good returns.
It is very hard to pick best growth company but not impossible however it easy to pick the market leader in each segment and these market leader in the given sector gives the best growth in long term compare to its peers may be pick the top three in each sector.... even if share price grows 25% a year in ten years ur investment will grow 10 times that is value of compounding and in 15 years it would be 30 times and in twenty years close to 90 times.... so invest regularly and invest long is my mantra
As a real investor I never suggest any aviation stock. It''s very hard to make money from aviation stocks. If we see other countries, same we will find.
I also told everyone to avoid indigo ipo. After grand listing and collapse , I am still say avoid indigo. It is not for investors. It is only for traders.
Hi Mehul. Everyone has his own take on best company to invest in for 5yrs. I am posting mine. Maybe it will help. a) In IT- TCS, Infosys, HCL Tech, 8K Miles software b) In Pharma- Aurobindo, DRL, Lupin, Cadila Health c) Engg/ Hy Engg- BEML, ISGEC Hy Engg d) Banking- HDFC Bank, YES Bank, Axis Bank e) Financials- Rel Cap, Bajaj Holdings f) Energy- Rel Pow, Suzlon, Tata Pow g) Oil n Gas- Reliance h) Construction- L & T, Ahulwalis Const i) Infra- JMC Projects, IRB infra j) Auto- Eicher, Maruti, Hero k) Misc- MIC Electronics, Cantabil retail, Berger Paints,BOSCH,Nitin Fire Protection, Power Mech, Shree Pushkar Chemicals, Indigo, Spicejet, VRL Logistics, All Cargo Logistics
I am of the opinion ECommerce would be the next buzz. One example of ecom is flipkart". donno if there are any Ecom stocks are listed already .
Once, IT boom was there, then some reliance group stocks, energy, Pharma everything was there. but I am of the opinion, ECOM will be growing in Rocket speed for next 10 years.
1. Not only in stock market, but ECOM will provide employment opportunities in many fields like own business, logistics , FMCG, couriers service, import-export. It is win-win situaion for both company as well as the end consumer.
2. Even groceries are sold in ECom, nothing is left out. India has a huge potential with lot of population. Not all people at every home will go and buy cars or homes. But every household will buy at least something from Ecom.
124.1. Eagleye| Link| Bookmark|
February 7, 2016 1:17:18 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Maybe you should look beyond the obvious ... look beyond the Net Profit ...
Please do take a look at Operating EBIDTA ... i.e. remove other income & also remove non-operating expenses (eg R&D exps) ... and then compare performance growth for past 3 years ... maybe you will see some light
Inviting comments by valuation experts: Dilip Davda Septa Rajeev Kumar Singh IPOANALYSIS Uchit Patel Chem cho NeoTrade starripo SHAMBU Montu S Vora vaibhav Hisaria M Gupta
I like this company humble beginning to one of lead anti virus company..... technology life cycle is very short and hard.... we had many example from sony to nokia .... IMO anti virus or the whole security software is in downward cycle as a market so i am staying away from this IPO.... but this again could be LIFO bet as u put forward earlier i am a value investor not a speculator so if you ask me again i will avoid this issue.....
124.3. Eagleye| Link| Bookmark|
February 7, 2016 1:43:53 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Sir .. pardon me .. you are not comparing apples with apples ..
Sony & Nokia are IT "Hardware" Companies ... and then there are IT Software Companies ... which are further split into 2 streams ... IT Enabled Services (ITES) Companies ... & Software Product Companies ... the valuation matrix .. and the life expectancy of all 3 are different
yes u right may be wrong example for QHT but the model is same for QHTL anti virus product which is in down cycle.... more importantly compare to its peers it is valued expensively
There are so many positive things about this company. - I studied financial statements from draft and found zero debt company. - Purpose of this IPO is reinvestment in same company. Now a days company promoters are bringing IPO just for listing benefits and reducing stake.
Quick Heal mainly provides antivirus solutions for computers and we are witnessing replacement of computers with smart phones, thus company needs to come up with new ideas to stand up to the challenge of smart phones and to come up with new ideas and products to maintain its relevance. Even in corporate world, desktops are getting replaced by tablets and smart phones capable of carrying out complex tasks which were earlier being carried out by desktop. This has given mobility to each employee to work from home as well as office without the bulky desktop. The company thus faces stiff competition on the corporate front too from excellent free anti virus such as 360°, CM Security etc..Also, in the near to long term, desktops face ir-relevance and obsolence in another 5-10 years. The company has just said that the IPO proceeds would be used for expansion and to create new products. However, they r silent on what their new products could be, what kind of expansion are they planning and how they would be handling the future in a world of smart phones. Thus the issue is avoidable. However, the company may bring in future products which will help its growth and hence can be applied for Medium to Long term.
123.1. Septa| Link| Bookmark|
February 7, 2016 10:40:03 AM
(4000+ Posts, 4600+ Likes)
manpasand is a different story it is FMCG and very high growth however QHTL is a one product anti virus software company with slow growth and drop in margins....
123.2. Septa| Link| Bookmark|
February 7, 2016 10:48:07 AM
(4000+ Posts, 4600+ Likes)
However given sequoia capital investment involvement it would want its future investment to protect which it want list when it goes public whenever they would want QHTL list positive on listing however correction is very likely if it list at premium as the case of justdail
Some sequoia investment in india https://www.sequoiacap.com/india/companies/
123.3. Eagleye| Link| Bookmark|
February 7, 2016 1:35:23 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Septaji Sir,
How does the PE of TeamLease compare with that of the PE of its Global peer group?
i had already mention they range between 13 to 26 PE.... plus most important margin r not wafer thin at 1.5% they r more like 10% to 15%... BTW how is PCL GMP one boarder said he got 6 rupee premium in grey market
In US many companies which are doing same business like Teamlease. Randstad, k force, Kelly services, Robert half, volt, mastek etc. All these companies are listed and easy to get financial statements from Internet.
I m taking about ipo not about company. At the time of manpasand people r talking all negative due to high valuation And if u see today manpsand they r grown well after ipo .same story I fore see about QH.some one said it is debt free.in so many competition to remain debt free is also a big achievement.