Finance as Core Value

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Pokarna Ltd- Deams Become Visions. Visions become Aspirations. And Aspirations make us Achieve.

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-They have a 40 % plus EBITDA margin quartz business have the exclusive right to Bretonstone plant in India coming up with a new plant with 500 cr plus Capex - will increase their quartz capacity by 130 %  -Management is confident of utilizing the new plant as well the quartz industry is growing by more than 30 % in the USA.  -Company has 99 % of its revenues from here its product is at a premium to the Chinese players- doesn't compete with them -Due to the new plant company has borrowed more than 400 cr on the balance sheet this number will only go down from here as the CAPEX has been put in place. this high Capex machine and the exclusivity of Breton stone technology shows the entry barrier of the business -The company can easily generate 25 cr cash flows from the existing quartz plant every quarter. with the new plant, we can expect an additional 30- 35 cr cash flow at peak utilization. we will be looking at around 250 cr cash flows from its quartz business every year. -Eve...
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Vehicle Scrappage Policy

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Talks of vehicle scrappage policy being introduced come to the surface every few months, but unfortunately, each time policy itself doesn't come to the surface. Nitin Gadkari, Minister for Highway and Transport, has stated that it can be expected to roll out within a month. He termed the policy "very important", let's find out why? With time, things get older and outdated. The same is for cars and technology used in cars, to reduce pollution and fuel consumption. If you live in Bangalore, you must have seen the old cars and buses emitting dirty black smoke. It is because the vehicle is too old. It causes more pollution and consumes more fuel. Now imagine having such trucks, buses, cars, and 2-wheelers on road, all over India. The country has to pay for more fuel plus damage to the environment.  Scrappage policy fixes the maximum number of years, say 20 years, a vehicle can be driven on the road from the date of registration or sets a cut-off on the basis of emission s...
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Pre-Market-Snapshot - Dec 19,2022

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  US stocks fell on Monday extending Friday's losses on fears of aggressive FED action pushing economy into recession. Dow fell 0.49%, S&P lost 0.90% and Nasdaq lost the most seeing a cut of 1.49%.   USD index eased a bit to trade near 104.62, 10 year moved higher near 3.59%, cboe vix closed lower near 22.42.  Crude futures gained some ground, WTI moved above 75, Brent traded above 80.  Indian stocks recorded their best daily gains in three weeks reversing a two day sell-off, consumer stocks along with auto names gained ground. Sensex gained close to 470 points and Nifty added 150 points over Friday's close.  Stocks may continue to hold promise despite of weak cues from global markets. Indices may continue to consolidate as cross currents of global weakness over local optimism restrict upside in benchmarks. Participants may continue to rotate positions to outperform the index.
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