Is Sun Pharma Checking In Unichem Laboratories ?

 

Unichem Labs Share Holding Pattern

Share holder Name Dec-17 Mar-18
  No of shares % holding No of shares % holding
Alrox Investment & Finance 1597763 1.76% 997437 1.42%
Airborne investment & Finance 1149452 1.26% 717568 1.02%
Family Investment Pvt Ltd 1438522 1.58% 898026 1.28%

 

Sun Pharma Share Holding Pattern

Share holder Name Mar-18
  No of shares % holding
Viditi Investment Pvt Ltd 200846362 8.37%
Family Investment Pvt Ltd 182437880 7.60%
Virtuous Finance Pvt Ltd 96851821 4.04%
Virtuous Share Investment Pvt Ltd 83751259 3.49%

Whats common between this entities : –

  1. The Companies Address of Alrox, Airborne & Family investment is same as Taro Pharmaceuticals India Pvt Ltd.
  2. The Director of Alrox Investment, Airborne Investment is the same of Virtuous Finance, Virtuous Share — Mr Dineshkumar Ramniklal Desai
  3. The Director of Family Investment Pvt Ltd & Viditi Investment is the same Mr. Milind Vijay Goradia

Amber Enterprises – Jasbir Singh

Amber Enterprises – Jasbir Singh – 15-04-2018

  • Rationale of expanding in different products (currently 17% of revenues) like functional components of white goods is to utilize our capacities without doing any capex
  • Core focus will be Room AC and HVAC components which is 80% of revenues
  • Above expansion is just because our customers want more integrated solution – so that’s just increasing wallet share from existing customers
  • Last year capacity utilizations in AC was 50%, on seasonal basis we work at 60-65%
  • Demand for AC is robust, people are buying more of inverter AC
  • We have started exporting to 9 countries, though the volumes are less, but inquiries are picking up as china is getting expensive
  • Our principal customers have also started exporting
  • More utilization naturally leads to better margins (Current margins ~8.5%)

 

Full Interview

VIP Industries – Dilip Piramal

VIP Industries – Dilip Piramal – 12-04-2018

  • Aviation figures are right barometers for us, impacts our industry directly
  • 1st quarter are our strongest quarter – peak season because of marriages
  • It is very easy to manufacture luggage, informal sector is large but after gst and demon we have gained additional 10% mkt share
  • Informal sector will also grow as the 1st time entrants start from informal sector
  • Sales have increased after gst for all the companies in formal sector which means it has come from informal sector
  • Its not a major objective to increase our market share at any cost, we are happy with what we get on our basis of efforts, products, distribution and advertising
  • Will now look at export markets
  • We have lot of scope in Handbag market ‘Caprese’ although the base is very small
  • It is very difficult to operate from Bangladesh but gradually increasing our activity there
  • CSD (Canteen Stores Departement) keeps altering policies and there is some uncertainty – but this affects entire industry not only us
  • CSD is an important segment to us, ~20% sales comes from it

 

Full Interview

 

Dai Ichi Karkaria – Mrs S.F.Vakil, MD

Dai Ichi Karkaria – Mrs S.F.Vakil, MD – 12-04-2018

  • New Dahej Plant – 30000 tonne capacity in 3 different kind of plants – doubling of current capacity
  • For several years we had good demand of products but could not offer due to capacity constraints, so we kept the prices high
  • Now once the plant will open up we will bring down the pricing and try to maximize our order book
  • We hopefully grow at 30-35% in coming year as partially plant will be started
  • Will reach 95% capacity utilizations in 5 years i.e. by March 2023
  • Main area of focus is construction chemicals, followed by oil fields
  • Our exports will go up as we have special arrangements with Nalco Champions to buy from us apart from JV
  • Invested 160 crs – so in current year we are trying to breakeven and in next 2-3 years will start showing income again

Full Interview :

 

 

OMMetals Infraprojects – Vikas Kothari, Director

OMMetals Infraprojects – Vikas Kothari, Director – 13-04-2018

  • Bagged order worth 157crs from SJVN
  • Order book of 700-750 odd crs contains about 14 projects
  • 10 projects to be completed in next 1-2 years and remaining 4 projects will take 3-4 years
  • FY 19 we are expecting good growth of around 20% in revenues
  • Ebitda margins are over 15% and Net margins are around 8-10%
  • As on today our core business is engineering and construction, real estate is an opportunistic investment
  • Real Estate – Expected revenue of 1000 crs from projects under execution / sale at kota, hyderabad and jaipur – 200 crs already recognized
  • Rest 800 crs will come in FY19 and FY20
  • Real estate land bank has negligible debt, finance cost have shot up because of working capital loans
  • Standalone debt is around 40-50 odd crs – Avg Wcap utilisation – 30-40 crs (9M FY18 Finance Cost = 13crs) 
  • Total debt (incl some packaging debt = 80 odd crs) Borrowing cost as per Mgmt = 13%; Nos dont add up; Mgmt will check and update
  • Continuously looking to monetize 1 road asset; not able to find the buyer; NHAI looking over to takeover the road
  • Once NHAI takes over the road, they’ll take the debt portion – debt shall reduce by 150-170 crs at consolidated level
  • Total land bank – 26000 sq.m. in bandra; 4-4.5 acre land in jaipur; 10 acres in hyderabad; 10 acres in kota
  • Baring the Bandra project, everything is being monetized

 

Full Interview :

https://www.cnbctv18.com/videos/market/expect-20-revenue-growth-in-fy19-says-om-metals-infra-34201.htm

 

 

Vmart – Lalit Agarwal, CMD

Vmart – Lalit Agarwal, CMD – 13-04-2018

  • People in smaller towns wants to buy good products from good places
  • With GST coming in, Organized retail is getting the benefits
  • Products that are selling in Tier-1 are also getting sold in Tier-3 and Tier-4 towns
  • We operate in clusters so we dont need too many warehouses and distribution facilities
  • Currently we have single warehouse in gurgaon (2.5L sq ft), will have to open few regional centres
  • Capex – ₹450mn-500mn; Around ₹12mn/store and open about 30-35 stores plus some back-end investments
  • 10 players like Vmart can be accommodated as the market is too large
  • Mkt share of Vmart today is < 5% in the market they exist
  • Promoter entity has not increased any stake, just consolidated stake to one entity
  • We are focusing on tier 2 and tier 3 cities as that is where large amount of population lies
  • Our customer focus is people who earns ₹20-50K/month
  • Since 2012 all the stores we have opened up are without FMCG (Kiraana)
  • We are doing good in apparel business which is appreciated by the customers

 

Full Interview :

Sequent Scientific – Manish Gupta, MD

Sequent Scientific – Manish Gupta, MD – 12-04-2018

  • People confuse animal health to human pharma
  • Ours is a similar indutsry to FMCG
  • Animal health business is close to 900 crs on annual runrate basis
  • 70% revenue comes from europe; India is less than 10%
  • We are the only to have US FDA Approved Vet facility in the country
  • Aspiration is to be in global top 10 in next 4 years – Revenues of 2000 crs  (Current 800 odd crs)
  • Expecting improvement in margins of 200bps yoy – will be closer to 20% in next 4 years time
  • Growth will come from
    • Organic growth – as it is branded generic industry; every year we claw some shares of other
    • New product pipeline – 28 products under development
    • Inorganic strategies – for some of the unrepresented market in our portfolio
  • US and Australia are important veterinary geographies – Area of focus for inorganic growth
  • API – As we grow in US – Growth will be price driven and not volume driven – will translate into margins
  • We are focused on food producing animals (60% of global demand is in food producing animals)
  • With demerger of human API business, we now are pure play animal health company
  • Post demerger – effective debt is ~300 crs; have cash of 50 crs and investments in strides shares; net basis we are zero debt co.

 

Full Interview :

Apollo Tyres – Neeraj Kanwar

  • Last year has been challenging in terms of margins – Raw material prices have gone up – Revenue side has been positive
  • Demon, GST, Anti duming duty has impacted Chinese imports in India. From nearly 30% of truck radial mkt they are down to 1/3rd of that
  • RM costs still have some pressure on margins due to oil prices, carbon black availability – Causing challenge to bottomline
  • Going forward seeing upwards momentum on both PV and CV side
  • See double digit growth coming in Q1 and Q2
  • Today demand is more than supply in terms of what we can cater to PV and CV segment
  • Times on revenue side are good
  • 60-65% sales comes from CV segment
  • We have 28-29% share in truck bus radials
  • Expect CV segment volume growth in high teens
  • Capex – doubling capacity in chennai 6000 to 12000 tyres/day (Currently at 9000 tyres/day)
  • Hungary plant – invested 500 mn euros – (Currently at 8000 tyres/day in PV); By Sept trying to reach 16000 tyres/day
  • TBR tyres to be launched this May-June in Europe
  • We have done very well in europe , gained mkt share there
  • Signed with AP Govt – cannot say the amount of money to be invested – still at project stage
  • Looking at building capacity of 16000 tyres/day in AP – but investments will start in FY20
  • Free cash flows will come in from FY19-20
  • Rubber prices – not been coming off – margins would be under pressure in Q4
  • RM basket still remains challenge for us and the industry

Full Interview:

 

NALCO – TK Chand, CMD

TK Chand, CMD, Nalco – 10/04/2018
  • Alumina tender prices moved from 390 to 473 i.e. 21%
  • Around 3M tonne (1.5 lac tonne p.m.) alumina will not be avl as partial shutdown of brazilian refinery
  • Every month 1.5 lac tonne shortage will be there is alumina
  • Mkt price of alumina will certainly remain at curr prices of 350-360$ levels; expect it to move to 450-490$
  • Last qtr 13 shipments were made; will likely do 1.3 million tonne exports this year; 9-12 shipments made in this qtr
  • Refineries working at 100% capacity
  • Caustic soda is main input cost – prices gone up by 5% in last 2-3 months – it will sustain at this price – 40-40k/tonne – may be peaked at this  level
  • If this kind of prices sustains, will certainly be ebit positive
Full Interview:

NMDC – DS Ahluwalia, Director-Finance

NMDC – DS Ahluwalia, Director-Finance – 11-04-2018
  • This year we have done highest sales of about 36 mn tonnes
  • In March 2018 we have done 4mn tonne
  • From now on the pricing will be oscillating in a range
  • Sales for FY19 – 39 mn tonne can be a possibility depending on demand
  • As of now we have not reduced the pricing, but we are open to change as per market trends and adjustments
  • We have got the permission to produce upto 14mn tonnes in Karnataka, by mid of this year we will be able to start
  • Only problem is if the supply will increase, there will be impact on prices
  • Have started production at Donimalai pellet plant, now there are just some minor issues left to clear
  • Our pellet is well taken in market
  • Nagarnar steel plant – as of now its not readily available , we are doing activities which will enable commissioning the plant