Hariom Pipes…in need of divine intervention

Hariom Pipes is a player in the steel pipes and tubes space, focused on South Indian markets. Their primary products are mild steel pipes and galvanised pipes. Some key facts about the industry: India’s steel pipe and tubes industry is valued at ~ Rs. 63,500 Cr. It has 3 sub-categories (by technology): Seamless pipes (~19% …

Steel Strips Wheels – reasonably priced and might just start rolling…

Today we are going to look at Steel Strips Wheels Limited. While analysing the business of Steel Strips, one should note that the company does not have any “material” subsidiaries or JV as of 31st March 2023. Therefore, for analysis of historicals, it would suffice to look at standalone financial statements. However, FY24 onwards one …

Usha Martin… surely not hanging by a thread

Products: Usha Martin is in the business of manufacturing Steel ropes and wires. The company has 3 main products: Wire ropes: specialised steel ropes used in elevators, cranes, mines, oil rigs, other engineering purposes. Revenue contribution is 67% in 2023. LRPC (Low Relaxation Pre stressed Concrete) wires: used to pre stress concrete for various types …

Ambika Cotton: a dead cat might bounce twice

The value chain for textiles: Ginning & Pressing: Converts raw cotton to cotton fibres. Spinning: Converts fibres to cotton yarn. Weaving & Knitting: Converts yarn to fabric. Dyeing and finishing: Adds colour and finish to fabric. Garment manufacturing: Converts finished fabric into garment (with or without a design stage in between step 4 and 5) …

Facebook (META $FB)… unfriended by investors

Facebook has two business lines: Family of appsMeta platforms- Hardware and software Family of apps: FB is in the business of digital advertising. However, the core offering is different on both sides of the Facebook network. For their users, it is a social networking site. Let us talk briefly about this first. Facebook has three …

Polycab…wired for growth

Polycab is in the business of manufacturing and selling 1) Wires and Cables (W&C) and 2) Fast Moving Electrical Goods (FMEG)- including but not restricted to lights, fans, switches and switchgears under various brands. They also do some contractual EPC (Engineering procurement and Construction) work.  Polycab has 23 manufacturing facilities across India. The company has …

Coca Cola Icecek…Open Happiness

Let us look at the coca cola system used for distribution of the products of The Coca-Cola Company (TCCC). TCCC markets manufactures and sells  Beverage concentrates and syrups; andFinished beverages (including sparkling soft drinks; water and sports drinks; juice, dairy and plant-based drinks; and tea and coffee). The distribution system looks as follows:  TCCC and …

CCL Products… What’s Brewing?

Instant coffee is commercially prepared from carefully selected green coffee, which is roasted, extracted, evaporated and converted into solid form by either freeze-drying or spray- drying, after which it can be rehydrated to make coffee. CCLP is the world’s largest private label instant coffee manufacturer.Before going deeper into CCLP, let us take a quick look at the …