Ecoplast Limited, Valsad(Gujarat) based manufacturer of plastic films mentions that it has increased capacity of value added products from 1000MT to 2400MT. Presumably, this change effective Sep-16 will drive mix improvement and eventually sales/profit growth. For a company with total EV of ~45crs and capacity ~10,000MT, this 14% mix improvement should be substantial.
Kaveri Seeds saw its EPS(Earnings per share) more than halve during the period, but most of this change was due to an exceptional item viz lumpsum recording of disputed seed royalties of earlier years. The company however explained it in a single line viz An
overall deficit monsoon in the Kharif season 2016. The exceptional item disclosed as As per the agreement
with M/s. Mahyco Monsanto Biotech India Limited, during
the financial year the company has made a provision of
Rs.5923.80 Lakhs for payment of royalty against the short
provided royalty in the previous years.
Zicom saw disruption of its import and distribute business model due to the Budget 2016 provisions, wherein CCTV/security components were allowed at NIL customs duty with corresponding excise benefits, which helped Make in India players. They had to take an inventory writeoff, and with the Middle East slowdown, also had to writeoff receivables from Qatar, UAE etc, with order slowdown. They therefore delayed bank repayments to the tune of 94Crores, which almost entirely got converted into equity via SDR at valuation of Rs 43/share. However, they still took additional funding via working capital borrowings(!!) mostly from PSUs who ideally should have stopped lending
UFO Moviez is exploring interest adjacent business models such as UFO Framez is a cloud-based
advertising technology platform..offers hyper local
advertising clients a seamless avenue to advertise on
UFO’s in cinema advertising platform, co branding of local greenfield cinemas under the brand 'NOVA'(maybe learning from OYO), as also Cinema on Wheels/Club Cinema. These have implications for growth of Just Dial, multiplex stocks like Inox/PVR and media in general