BUSINESS
Pledged shares could be a time bomb
As the market realises that a company’s share price is under pressure, it becomes increasingly difficult for these firms to raise funds, particularly fresh equity capital
MONEYCONTROL-RESEARCH
Part-2: How price-to-book value as a valuation tool could turn into a trap
In this part of the article, about dangers of using price-to-book value as a valuation tool, we dwell on the remaining three important cases where investors have to be careful.
BUSINESS
The art of finding bargains: A strategy that global contrarian investment firm Brookfield follows
Canadian investment firm Brookfield Asset Management is known for its unique contrarian philosophy
BUSINESS
How price-to-book value as a valuation tool could turn into a trap
Checklist when price to book value becomes a trap: - When the stated value of assets in the books is higher than their realisable value - When a company’s balance sheet contains too many intangibles - When the company has huge contingent liabilities - When a large part of the liability is shifted to the future
BUSINESS
Adani Group’s ambitions are growing, and so are risks
BUSINESS
A midcap bet on the ethanol opportunity
BUSINESS
Ideas for Profit | A quality play in the construction space trading at attractive valuations
The company earns close to 15-16 percent operating margin and core return on equity in excess of 35 percent, which is the best among its peers
BUSINESS
3 more cases where using price-to-book could trap you in a stock
In many insolvency-related cases, the realisable value of assets was not even enough to pay back loans and banks took a big haircut on their exposure
MONEYCONTROL-RESEARCH
A high quality stock pick from the transformer space
BUSINESS
Using price-to-book value as a valuation tool could turn into a trap for unwary investors
The last few months have been a bargain hunters’ market with investors picking up stressed stocks. But many of these bargains could be traps.
MONEYCONTROL-RESEARCH
JSW Energy: Conserving energy for better options
The market was critical about the foray into electric vehicles which was not its core and not yet fully understood even by the biggest players in this space.
BUSINESS
Ideas for Profit | Rail Vikas Nigam IPO: Growth opportunities, valuations attractive; subscribe
Being a government agency, it passes on the risk to the developer and the Railways, which is a key area of concern for most project execution companies
BUSINESS
Investment lessons from Brookfield, a global contrarian investment firm
Brookfield, which has turned active in India, is well known for its differentiated contrarian strategy that earned it several multi-bagger investments
BUSINESS
Time to bargain hunt in the infrastructure space ahead of general elections
IRB Infrastructure happens to be our top idea in the sector
BUSINESS
Kalpataru Power's Swedish acquisition will prove value accretive
Sweden-based Linjemontage iGrastrop AB (LGAB) is about one-tenth of Kalpataru. It operates in a growing market and has an annual sales turnover of Rs 500 crore.
MARKETS
Praj Industries: A midcap bet on the ethanol opportunity
BUSINESS
Power sector reforms a positive for NTPC, PGCIL
The power sector reforms will benefit state utilities and remove uncertainty over their returns and cash flows.
BUSINESS
Embassy Office Parks REIT: A product for the sophisticated investor
Considering that there are several components of cost and revenue, which are assumed, the reliability of the product becomes tricky at least from the retail investor's point of view
VIDEOS
MSTC IPO opens: Subscription can be a risky affair
MSTC is into trading, e-auction and recycling business, and enjoys government patronage, which ensures steady business. But that is not enough.
MONEYCONTROL-RESEARCH
Sadbhav Infrastructure: Monetisation of road assets can ease group debt worries
A potential investment from Canada Pension Plan Investment Board (CPPIB) will help Sadbhav Infra repay some loans to its parent, which in turn needs working capital to execute its existing order book.
BUSINESS
Pre-election sops for power sector: Too little, too late?
To deal with stressed assets, the government has cleared 3760 MW projects worth Rs 31,560 crore. This is a small step for a sector which is sitting on close to 25,000 MW of stressed assets.
BUSINESS
NCC: Lighter balance sheet, improved earnings prospects
A combination of better execution, higher utilisation, positive contribution from subsidiaries and better margin should lead to higher earnings growth
BUSINESS
ABB India demerger: Carving out a better deal for minority shareholders
ABB India’s power grid business accounts for about 40 percent of its revenue and 30 percent of EBIT. It reported a sales turnover of Rs 4,222 crore and an EBIT of Rs 422 crore in CY18
MONEYCONTROL-RESEARCH
Do not ignore this high quality transformer company
