저자: VijayKedia/AshishKacholia언급 · 외국인
요약 보기
인도 소형주 장기 성장성과 변동성을 설명하며 특정 소비재(주얼리·화장품) 기업을 분석. 2004~2024 소형주 지수가 니프티50을 상회했다고 주장하며, 해당 기업은 고점 대비 약 70% 하락 후 매출 성장(약 23%), 순현금, 배당 등을 근거로 긍정적 견해를 밝힘. 다만 글로벌 경기 침체로 명품 수요 둔화 우려를 언급하고, 발표자 본인도 지분 보유를 밝히며 투자 권유가 아니라고 고지함. 한국 종목·지정 자산 관련 발언은 없음.
다듬은 글
small-cap company whose growth has probably slowed today. After a significant journey, profit booking has been excellent. After that, can that company rebound again? Can that small-cap company become a large-cap company again? Can it become a mid- cap company? So, let me tell you that before investing in any small-cap company, two things must be kept in mind.
First, small-cap companies are very high-risk companies. If you see growth in them today, if you see less growth in the future, it will show you a huge fall and you may have to suffer huge losses. So, let me share one of those examples with you. Many friends do not know what a small-cap company is. Look, the top 100 companies in Nifty are called large-cap.
After that, all the companies from top 100 to 250 are called mid-cap. And the remaining stocks from 250 to 500 are called Small cap is a small-scale company whose market cap is very low. So, I will talk about one of those companies whose market cap is according to a small-cap company. So, basically, before listing a small-cap company, you must look at this graph.
The data from 2004 to 2024 is for around 20 years. You will see that the red line here is actually a small-cap line and a chart line. The blue line is actually a Nifty 50 line. So, you can see here how many times the small-cap company beat Nifty 50. Now, look at the data carefully. Whenever there was a fall, in 2008, when the IT bubbles came, see that Nifty also fell at that time and how heavily the small-cap type fell, after that how quickly it recovered, which Nifty could not recover.
In 2014, there was a fall once again, at that time also Nifty and small-cap type companies fell. After that, see how the recovery happened again. During the time of Covid, see Nifty also fell, small cap type companies went even lower than that, so small cap indices went even lower than that, but what happened after that, after 2020, today it is at the highest level, that is, the small cap category companies and Nifty 50 are at a very low level, so you can see how much difference has happened, if compared with Nifty 50, then obviously the high growth sector is small cap type, see if any company can make you money, then only small cap type companies can do that, big large cap type companies can give you average returns, if you want to find a multi-bagger company, then you will have to find a small cap type company only, out of them the company which I am discussing today, if seen from the top level, has crashed at 75-70, so I will definitely give a disclaimer, think four times before investing in this company, yes I own a stake in this company and I feel that this company can grow in the future and that is why I invested and this does not mean that If I invest in me then this company will become a rocket, it is not like that at all, two big players, two big investors have invested in this company, who are those two big players, let me show you once, one is Vijay Kedia ji and the other is Ashish Kacholia ji, you must have heard the names of these two people many times, who have earned multi-bigger returns from the stock market and that too by investing in small cap mid cap type companies, so basically both the persons have invested in this company, even today they have invested and are continuing the holding, so I will discuss all the points, if you have not subscribed to the channel before that then do it quickly to get information and quality content in this way, so which is the company, the name of the company, I will definitely write some special points of this company, now I will also tell you why correction was seen on the company at this time, why such a huge volume fall was seen, basically you can see the business of the company, it is on jewellery as well as on wallets, watches, gems jewellery as well as on cosmetics, so also In this way, the company also does business on jewellery, so basically the main business of the company is jewellery and cosmetics, most of the business is seen on the company, see the biggest thing is that the company works in the global market, the retail market of the company means where is the company selling the product, the company sells maximum products in the US, has captured the US market the most, along with that the company sells its product in the UK market and Germany, the company sells its product in these three places and where does the company do manufacturing in India and China and its source point means from where they source the raw materials, where will you see it, they do sourcing on many countries in the world where there is India, China, Thailand, Indonesia, Tanzania, Russia, Morocco as well as Madagascar in this way, Bolivia, Kenya, South Africa, sorry, South Korea, Vietnam, Brazil, Sri Lanka, US, UK, as well as see in this way there are many countries from Turkey to Japan to UAE, Singapore, Poland, so in this way from Australia to Bhutan to Nepal and many more They source from all over the country, that is, they source the product, after that they manufacture in India and China and sell the product in US, Germany and UK.
So basically the condition of the company has deteriorated today because of this reason because if the company sold the company product all over the world, then this condition would not have been seen today because in US European countries like Germany and UK, these countries have seen a lot of economic crisis right now, they are not that strong economically, if you check out the GDP, then the GDP of all the countries has gone down a lot, so the countries which are currently in GDP correction, there is an economic crisis, will those people buy luxury products, will those countries buy jewellery products, I will give you an example, see, leave aside the people who have money, who are millionaires, now there is middle class, so you should notice one thing, when Covid came, were you thinking that I should buy jewellery at that time, were you thinking that I should buy a bike, buy a four wheeler, buy a house, what were you thinking like this, absolutely not.
Then you are thinking that from where will I collect food for all the members of the house, from where will I arrange food for every member of the house, so you were thinking about this, right? So see, when any crisis comes, the condition of that country deteriorates a lot, so at that time the demand for luxury products decreases economically and this is the main problem of the company, due to which today this company has corrected to 70, so will it remain like this forever?
No, of course not, you all know that many big countries are struggling today, it does not mean that they will always struggle, see, good times do not always go in everyone's life, sometimes bad times also go, sometimes good times also go, so understand according to the situation, basically I have kept some points with you, what is your opinion about the rest, you can definitely tell me by commenting, now let's also look at the rest of the details of the company, see, I will show you some hidden points of the company, after seeing which you will know that yes, the chances of growth of this company in the future are very high.
For example, the company's net revenue growth, which is around 23 percent, should always be above 15 percent. If it is between 15 and 20 percent, then it is considered good. Here, it is around 23 percent. The TA margin is also around 30 percent, and a good TA margin was also seen. The company's net cash position is around 107 crores, so basically the company's position is very good.
Along with this, the company's record quarterly sales growth is 888 crores. The gross margin has grown around 62 percent. Along with this, the unique customer base is around 5.4 lakhs. So, look at the customer base, it should have been more than 5.4 lakhs. We have stopped a little here. Along with this, it is also being told that the dealer of the company has declared the third item dividend.
The company has declared around 1.50 percent, which means that the company has declared a good dividend of 84 million. The company is providing service services. The company is providing 66000 mills per day, so see, if this company is not getting money in hand, then from where is the company doing so much social work, see today why does Tata ji donate so much because he has money in his hand, that is why he is donating, in the same way a company is also doing it, it means the business of the company is running well, there is a little problem, so due to this problem there is pressure on the company, now see what is the vision of the company, our vision is the company is saying that the values leader and electronics retailing and jewellery and lifestyle products, see the company is also working on electronics retailing, so basically the company is not working on jewellery, the company is also working on electronics retailing products, so its mission is to become the leader in this sector in the future and what is the mission, to deliver 1 million mill per day, means the company is saying that they are going to provide 1 million mill per day, that is, 10 lakh mill, for this funding is needed, for this the company needs to be stable If you read it, then obviously the company is trying to do a valuable business.
The teamwork of the company is excellent, there is honesty too, which means the position is good, along with that there is a positive attitude, and if you look closely, you can also see a good amount of commitment. So basically, you can also see how the business of the company started. The company started its business in 1980 and after that, see, the company started jewellery in the B2B segment, jewellery manufacturing, B2B means business to business, in 1996, the business was started, after that it got listed on the stock exchange in 1997, which means it is not a company of today, the company got listed on the stock exchange in 1997, you can see how old the company is.
After that, look at the company which is Standard One TV and that too in the UK and Germany, the company started its own TV channels and you can also see that in the period from 2006 to 2007. After that, see the company, some businesses were made valuable and the company changed its products. In 2008, along with that, the company started lifestyle products.
They brought it in 2013. What did the company do in 2016? It started working on OTT platform and OTA platform, social media platform and sold the company product through the network, through the app and through the marketplace and OTT platform, through social media. Now, if we look at the company from 2020 to 21, then it started TGC, which is a beauty product, that is, it launched cosmetic beauty product.
From 2020 to 2021, the company re- entered in Germany with the product. Along with this, what did the company do in 2023, acquisition Ideal World and Mind Flu, what acquisitions did the company do for both these companies. So basically, you have got basic information about how the business of the company is going on and the revenue growth of this company, the percentage of growth of Caesar, is very impressive, you will get to see strong growth.
Now, look at the marketplace, the market in the US. The opportunity size is around 14 to 15 billion and in the UK it is around 2.5 billion and in Germany it is around 3 billion. So basically the target customer of the company is the A body which is bombers. The target customer is 65 plus years and if seen for general, then the customer is 45 years old.
So this is a bit problematic because as you grow older, the enthusiasm to buy most of the luxury products decreases a bit. I feel that the company is making a mistake in this because it should have the opportunity to deal with every category of customers. If we start doing business according to this age limit from 18 to 60, then the chances of growth of the company can be seen increasing.
Otherwise, its management might be working with some different thinking. If I say, they will not change the management, so look at the value buying position of around $25 to $45. Along with that, the company The product wise rating will be seen around 25000 sq. So basically I have shared the information of the company with you and now let me discuss some of the business of the company, that is, let me talk about some of the financial details of the company, see the valuation of the company had become very high at one time, let me show you that first of all, the P/S of the company had become high, after that there was a correction, it became high again and went around 70, see again it came around 46, that means the valuation is cheap, it is not that high and after that see the ROI of the company is fine, come on, the market is very good, it is around 6000 sq.
The depth of the company is negligible and the income of the company is very good, the promoter also has good holdings and the interesting thing that I liked the most is look at the data of the company for the whole year, you will never see any shortcomings in the sales of the company, always keep one thing in mind that the company is currently running at a discount, bad situation If its financial debt is good, after deducting expenses, after deducting interest, after deducting everything, if the net profit of the company is good, if the positional is good, continuously in a growth mood, then think that company is probably giving you losses today, it can show a big bang at one time, now see the sales growth of the company is very good, the profit growth has been very week, the company had given very good returns, there is no special return in 3 years, there was a loss of 25%, in the remaining 1 year it is okay, the return of equity is also okay, if I talk about the balance sheet of the company, then a good amount of reserves should be seen increasing and the company's borrowings should be seen decreasing along with the reserves, which means there is small debt, easily the company can clear the debt on its own, it is very important to see how many projects the company got, see the company, 10 years ago it got a project of 37 crores, now the company has got around 260 crores The trade has been acquired and the company also has a good amount of money in its hands and as an investor, from promoter to FSDA public, you will see a good amount of investment from everyone, so basically the company has grown its profitability in the best way here and I think a good situation can be seen developing here, what is your opinion on this company, do comment and now see, as per the institution, FS is still continuing the holding as much as it had earlier, so is FS stupid, DS is also not continuing the same holding, DS has sold the goods, but notice one thing here, as per the public, Vijay Kedia ji has invested since a long time, if I talk about Vijay Kedia ji on a yearly basis, then here I will talk, see, Vijay Kedia ji has invested since 2017 and Ashish Kacholia ji, he invested in 2018 and see, the investment of both is of Vijay Kad ji.
The investment that was there has increased to 2 today but Ashish Kachle ji has sold that stake here, so it means that the institutions also have holdings, the public also has holdings and the two big players also have holdings. Do not get happy seeing this and do not go and buy or sell this company tomorrow because everyone has different opinions.
Now see when the time period was when the company started. In that time, you will get to see the data from 2012 to see its listing. Now see the article from then onwards, the company had done quite well, after that there was a big crash. Pay attention to these things. The company has shown correction in this manner before also, around 70.
You feel that there will be a minor correction here. There was a correction around 70. And whenever you see, it broke this higher level. The time it took when it broke. How big was the explosion, can you imagine? It means the company is repeating the same history again. The journey from here till here has crashed around 70.
Meaning, from here if again If this level is broken out then a situation of a big bang can be seen forming again, rest see everyone has a different opinion, I have shared my opinion with you, what is your opinion about this company, do comment on it, if you find the information in the video good then please like it and yes I am not a SEBI registered advisor analysis, if you want to work then you will have to understand and learn all the things and work, see you in the next video, till then thanks
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