Thyrocare: FY16 results: Top-line up 25%, PBT up 21%, they paid much higher taxes this year & therefore Net Profit up only 15%. There was fresh equity infusion this year (IPO) leading to lower growth in EPS (10% only).
Thyrocare is debt-free, cost-focused &, tech-savvy (no material technology ''disruption'' threat is there IMO). DIY Kits are a threat but not a major one. They can give a quick estimate of blood sugar alright but can''t profile serum,thyroid, lipid etc.
Only thing that I''m worried from the start is its very rich valuation- currently 59-60 PE. Don''t know how long it can sustain such high PE based on 10%-15% eps/profit growth rates.
Some one on this board says that it''s a fraud company rigging books & looting customers!!?? I don''t know about any impending fraud but at least it''s not looting customers. It''s service is very cheap & results very accurate.
The Company doesn''t seem bad..it'' price could be. Anyways, I''m hanging on to it.
P.S. The market is factoring almost ''nil'' probability of Fed Funds Rate hike in June. It''s most likely now in December 2016. Brexit is also not expected to affect Indian markets in a big way. Passage of GST in Monsoon Session will be a shot in the arm. The only near term risk to market is less than expected Monsoon.
There was good growth registered in FY16 but not strong enough to prop the high valuation multiples. Promoters r expecting 30% top-line growth in current year whereas EPS growth should be around 20%...
1734. Eagleye| Link| Bookmark|
June 12, 2016 10:20:09 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Thyrocare Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 11, 2016, inter alia, have recommended a payment of final dividend of Rs. 2.50 (Rupees Two and Paise Fifty only) per equity share of the face value of Rs. 10 each for the financial year ended March 31, 2016. The Company has declared two interim dividends. These two interim dividends constitutes a total payout of Rs. 7.50 per equity share (75% on the face value of Rs. 10/- each) for the financial year 2015-2016. The Total dividend for the year including the final dividend (subject to the approval of the shareholders at the ensuing Annual General Meeting) will be Rs. 10/- (Rupees Ten only) per equity share.
Thyrocare down to 590 as allegation on company of doing fraud with setting with doctors in looting customers with various types of unnecessary deceased
Ex Spurts of the forum RKS was foul mouthing me,this is not a news to me,This company practices unethical means,even financial numbers are rigged.More skeletons to tumble,even if this stock goes up ( to trap retailers,CC ppl may do this gimmick), its wise to exit this stock,by diwali this stock to trade below IPO, fair value not more than 300,maybe 300 is also too much.
665-668 is the level,one must look into, Unless stock closes above 665-668, this stock will not give any major gains,every rally is being sold into.
Yes,funny things happen in stock market,so for those who are looking at other side of green ( red in this case), 665-668 is level one must look out for,any major follow up move will come if stock manages to close above 665-668. For us this stock will be relegated to JUNK STATUS in coming months.Like Indigo, management will reveal some uneasy facts.As it is diagnostic business got no STRONG MOAT easier to replicate the business,is vulnerable to tech disruption viz in form of DIY kits.
STRONG SELL ON RISE.. and if it closes abov 665-668, have some fun while CC ( company circle) jack up price only to bring it down later on.
Update : Thyrocare, under performing ,we have had given SELL ON RISE call,re-iterating stock will be below Issue price in next 4-5 months ( by diwali).
Markets are up by 15% but Thyorcare is trading below the listing day high, gave two exit opportunities.
Update on thyrocare : We have had given SELL ON RISE call.ON listing day,recommended to sell alloted stocks.Some ppl were misguided by septic,oneeyed and Rag picker kaput S hit ( RKS) & people bought stock at higher price 650+. We were spot on when we said that stock will give an opportunity ( sucker''''s rally) to exit, stock is back to 605,
Road ahead - Break below 595,two consecutive close below 595 will take Thyrocare below 480,we expect one Lower Circuit in this counter if Global market turns jittery on prospect of FED RATE HIKE.Be very careful with this stock.EXIT,this stock is not even worth 300.
Hi eagleye.. I do follow ur views and suggestions on regular basis.. Once u told that u will hold thyrocare upto 700/- or 31st may whichever earlier. Can you discuss what should be advisable ? To hold or book profit? Septa sir your views also on this.
1726.1. Eagleye| Link| Bookmark|
May 27, 2016 10:56:32 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Update on thyrocare : We have had given SELL ON RISE call.ON listing day,recommended to sell alloted stocks.Some ppl were misguided by septic,oneeyed and Rag picker kaput S hit ( RKS) & people bought stock at higher price 650+. We were spot on when we said that stock will give an opportunity ( sucker''s rally) to exit, stock is back to 605,
Road ahead - Break below 595,two consecutive close below 595 will take Thyrocare below 480,we expect one Lower Circuit in this counter if Global market turns jittery on prospect of FED RATE HIKE.Be very careful with this stock.EXIT,this stock is not even worth 300.
Everybody here is talking about Ujjivan. But I think Thyrocare will show huge run up in a day or two. Just being accumulated by operator. Huge upside expected.
I am holding Thyrocare at 650 levels. It went down below 600, but now its around 630. I m not going to sell it before 700. I am planning to add more at 610-615 range
Sad that you ended up buying it at peak levels ~ 650. ..misguided by someone You will either need to offset it with regular buys at dip or wait long enough..to atleast break=even
Shivajee this is no level to average. Avoid. If u look at it daily u will feel urge to average. Do not do it. Even if u want to average then average it once it comes below 600(if it ever comes below). Do not worry. The price is bound to rise. Its movement is in a very narrow range suggesting that it is consolidating. The stock just needs a push n that push may come anytime based on news we may not see forthcoming now. Cautionining again- Do not average now .
Getting your lot into Green is more faster via ''Averaging'' than waiting for the Stock to shoot...which is slow and may not ever happen. I did the same with my CCD stock and finally able to dispose it at Profit. Those who didn''t average are still waiting and they can possibly even forget to dream for CCD to even break-even their holds. Now you decide :)
1718.6. CHD| Link| Bookmark|
May 16, 2016 10:20:40 AM
(1100+ Posts, 500+ Likes)
Market follows no rules .... it does what it does....!
You told not to average @627. I followed your advice. You were very right, now its around 606. Thanks for you advising me not to buy at that price. I feel I can buy some at 600 mark.