BC INDIA
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Greenpanel Industries conducted their earnings con-call today at 4:00 pm

"One of the major MDF player in India"

Here are the key highlights of the call 😀👇

@varinder_bansal @nid_rockz

 - MDF segment has margin of 24% during the quarter. There was price hike during the quarter as some raw material prices also went up. Company is planning 200 bps improvement in margins
- The current quarter looks good so the company is planning for 100 percent to 110 percent capacity utilization for both plants.

- The company have divided forex loss in 2 parts: 7 crore in interest and 1 crore above EBITDA.
- Company have sold out some assets of subsidiaries and also faced operational loss which can be experienced again.

- Exports market: Anti dumping which was announced couple of weeks back has been confirmed by the government. This will improve the margins.
- Capex of 55 crore. One part of the capex is for increasing capacity by adding additional machinery at the existing plants. The second part of the capex is for reducing the cost of operation.
- Company has taken one price hike of 3% in December. Another price hike of 3.5% was taken in January.

- Company has witnessed larger growth in towns and cities and things are slow in urban areas specially in western states.
- Most of the players in this industry had optimum capacity utilization.

- Extent of industrial growth from company point of view is that it have grown above 25 percent in previous times and further it can growth above 15 percent next quarter
- Growth drivers: People have shifted from Unorganized to organized players.

- Non availability of containers for shipment is impacting imports.

- Company have sufficient space in Andhra Pradesh to do brownfield expansion
- No major expansion has been announced by any of the key players in MDF segment. Even if it is started now, it will be ready by 2023-2024. There will be sufficient time for company to utilize their current capacity.
- Apart from century no player is planning for Capex plans and the company looks forward to have stable pricing.

- Value added MDF contribution has gone up this quarter.
- Company have seen a great increase of 230 dealers in MDF and 50 in plywood.

- For next couple of years growth can be of 15 to 20% in MDF segment. In plywood in bad times 3 to 4% and in good period 6 to 8%.
- Company is more focused on MDF as margins and demand is better in this segment as compared to plywood.

- Net debt: 452 crore at end of current quarter, 400cr by 31 March 2021 and Around 200 crore by 2022.
- Exports were between 25 to 30 percent in FY 20 but have reduced significantly in current situation.

-There have been a change in the product mix for the company. There is a dip in plywood realization as people shifted to other alternative.
- On brown field expansion on Andhra Pradesh plant the company don't have any accurate number to quote in relation to expansion costs.

- After MDF full capacity expansion there will not be a lot of Marketing expenditure
- Margins is based on capacity utilization, product mix and export and import and a change in them will impact margins

- North plant margins are higher then south plant but if brought at equal levels south plant may out perform

More from The Tycoon Mindset

The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Farm Bill: EXPLAINED! [ITC Ltd. initiative of E-Chaupal]

@dmuthuk @nsitharamanoffc @shyamsek @Capital_Artist @amey_candor @arpit971

(Blog & a Summarized

Govt. of India recently passed 3 Farm bills relating to Agriculture sector to bring speedy reforms in Agriculture.
To attract more private investments from the big FMCGs like ITC [E-Choupal] and doubling Farmers income by 2022.

1. Farmers’ produce Trade & commerce (Promotion and Facilitation Act), 2020.

- This Act allows farmers to sell their crops to any trader not necessarily to APMC. Before farmers used to sell at APMC but now it can sell it to anyone.

- This Act will create an ecosystem where the farmers and traders will enjoy freedom of choice of sale and purchase of agriculture.

- It will also promote barrier free inter-state & intra-state trade and commerce outside the physical premises of market notified under state APLM

Clarifications on this act
- Procurement at MSP will continue. Farmers can even sell to the government.
- Mandi will not stop functioning
- E-NAM will continue.
FARM BILL
The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Warren Buffet & Charlie Munger's wisdom on

- LTCM
- Circle of Competence (Q by @MohnishPabrai )
- Buy & Hold Strategy

Berskhire Hathaway AGM: 1999

@suru27 @ParikPatelCFA @ashishkila @ravidharamshi77 @_kirand @gauravgsgs @blitzkreigm @PuneetK009 @_anshulkhare

🧵👇

#investing


1). On LTCM:

Munger: What was interesting was how talented they were and then also got in so much trouble. It also demonstrates general system of finance involving derivatives is irresponsible.

Warren: Here you had extremely experienced people operating with their own money.

• They went broke. Why do people risk losing something very important to gain something that’s totally unimportant? The added money has no utility whatsoever.

If almost impossible to go broke without borrowed money being in the equation. No gain is good enough when there is no gain to offset the risk of loss.


2. Estimating Company’s IV

Warren: Investment is process of putting money today to get more money back in the future. The question is how far in the future, how much money and what is the appropriate discount rate to take it back to the present day and determine how much to pay?
TRADING
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The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Aarti Drugs conducted their earnings con-call today at 4:00 PM

"Target of 4500+ cr topiline till 2025"

@unseenvalue @darshanvmehta1 @sonalbhutra @Milind4profits

Here are the key highlights 😀👇

Business Updates:
• 66.87% of revenue came from Export Market.
• Around 66% of the growth is driven by volume.
• Formulation segment grow at 5%.
• Ramping up R&D facility both for API and formulation.
• CAPEX previously planned has been in inline.

Price in API:
• In September price has gone and has stabilize and after that the price is stable.
• As per current market scenario, mgmt expects 19-20% is doable, but its still not a new normal.

CAPEX:
• Current API capacity revenue of additional 25%.
• Brown Facility and new green facility will be the main growth driver for the next 3-5 years, in order to achieve revenue target of 4,500+ cr in next 4-5 year.
• 40cr will go in this Q.
• Green field start in next year

PLI:
• Company have applied for few products, and company expects one molecule to get but this will be announced in April. This product is for capital consumption (of around 60-65 cr), and 60-65 cr will external sales.
• This will have CAPEX of 120 crores.
SOCIETY
The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Neuland Laboratories concall was today at 5:00 PM

@unseenvalue @darshanvmehta1 @drprashantmish6 @punitbansal14 @suru27 @rdkriplani

Hope customer book of Neuland to remain as booked and full just like today's conference call😂

Here are the Key takeaways from the earning call👇

Business Updates:
• Price growth drivers were Levetiracetam and Mirtazapine.
• Commercialization of Unit 3 has begun and 2 API have been shipped in.
• Neuland has filed Donepezil based with USDFA.

Q from @unseenvalue sir: Growth opportunity in Peptide (esp. on generic)

• Involved in many molecule discovery in generic side
• Co. has seen value on generic capacity, GDS being continuous play for the company
• Co. may have partnership for generic side of business as well.

NCE Buinssess:

• Portfolio of PMS project has mix of both orphan and convectional drugs.
• Few molecules of NCE has started generating revenue and benefits of those molecule will be discovered in future.

CMS Buinsess:
• Most of the molecules in pipeline has been increased and some are even in commercialization.
• New business momentum continues to remain strong, and lot of business are attracted through referral business.
• More focus remains on the quality of the molecules.
SOCIETY
The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Roadmap for Ethanol blending In India 2020-25:

Decoding the opportunities in Ethanol Blending in India and how certain sector can benefit out of it.

Retweet for maximum reach to spread knowledge. 🙏🙏

🧵👇

Data-facts:
• 98% of India fuel requirement in road transportation is met through fossil fuel.
• Bio fuels only consist about 2% of use for road transportation.

• Ethanol is the important part of biofuel. It is naturally produced from fermentation of sugar by years or via petrochemical process such as ethylene hydration.
• Combined ethanol distillation capacity of India is 684 crore litres

There are different types of Ethanol variants:
1. E-10: In this, 90% of usage is gasoline & 10% Ethanol.
2. E-10 is maximum used in India.
E-20:
3. In this, 80% of usage is gasoline & 20% Ethanol.

The calorific value of ethanol is around 2/3rd of gasoline

Recent Target Improvements:

• National Policy for Biofuel has increased the target of Ethanol Blending to 20% from 10%
• With low quantity around 50% of petrol sold is E10 blended & rest is unblended(E0).
• Current level of Ethanol blending is ~7-8%, & 10% is expected by 2022
PRAJ

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Soumyadipta
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@Soumyadipta
Many have accused the Narendra Modi government of not doing enough to change the biased historical narratives set in motion during the 54 years of Congress rule.
The #ChauriChaura centenary celebrations is one such initiative to set right, a historical wrong.

Thread begins.


What is the Chauri Chaura incident?
On February 4, 1922 at Chauri Chaura in Gorakhpur, Uttar Pradesh, a procession was taken out in support of Gandhi's Non-Cooperation Movement.
The police, on orders from the British government, fired on the peaceful march, triggering an outrage.

First a little background to the incident and why the face-off happened with the British administered police.
The protest was called against the atrocities that was unleashed on the locals when the Non Cooperation movement started in Gorakhpur. Several leaders were arrested.

A group of 2,000 people gathered to protest as part of Gandhi's call for Non Cooperation with the British. The crowd swelled soon.
The police were ordered to fire in the air to disperse the crowd. This further agitated them.
Then the police fired at the protestors, injuring many.
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Pramesh CS
Pramesh CS
@cspramesh
I know the #COVID-19 numbers in India are not looking good, but here are my (not so) random thoughts on it


We have 2 options – one, rant & rail against the ‘system’ and lament how it has let us down; second, do whatever we can to avoid getting infected & if infected, minimize adverse consequences to ourselves & others. If you belong to the first, you can stop reading now

How can we avoid getting infected? There’s no magic bullet, I’m afraid. This is primarily a “stick to the basics” approach. More difficult than it sounds.

First, maintain all precautions that we know help. These include masks (whenever you are not at home and not alone), physical distancing to the extent possible, and washing hands frequently. The 3 Ws – Wear a mask, Watch your distance, Wash your hands.

Masks work, and are probably the most important precaution given our current understanding that aerosols are the predominant mechanism of spread. The best is a well-fitting N95 mask, which is now widely available & not too expensive – you could re-use them too.
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Bharadwaj
Bharadwaj
@BharadwajSpeaks
Thread.

Recently, Harsimrat Kaur @HarsimratBadal_ claimed in parliament that Guru Tegh Bahadur protected the religion of Hindus despite of being a Non-Hindu. And Hindus owe a huge favor to others.

In this thread, I will show that Guru Tegh Bahadur was every inch a Hindu!

Let us begin with some contemporary sources.

Guru Tegh Bahadur visited the holy Triveni at Prayaga in 1662 CE.

This visit is documented in contemporary Bhat Vahi records.

Unlike those unpublished "bhat vahis", this one was published by Sikh historian Madanjit Kaur (1978)


This Bhat Vahi was signed by Guru Tegh Bahadur.

The content of the letter is particularly striking.

Guru Tegh Bahadur calls himself a devotee of Naina Devi.

Note. A devotee of Naina Devi. He does not mention Akal Purakh or Waheguru.


In the record, Guru Tegh Bahadur identifies himself as Sodhi Khatri by Varna and Kaushish by gotra.

This is exactly how the followers of orthodox Hinduism identify themselves to this date!


Further, Guru Tegh Bahadur appoints a brahmin purohit named Bhoj Raj.

He orders Sodhis of his line and all his Sikh followers to obey the aforementioned Brahmin Purohit.

This practice of appointing purohits is just what is referred to by some people as "Brahmanical Hinduism"
ALL , INDIA
Catastrophic Gohan
Catastrophic Gohan
@TheGohan98
Dumb£dk@r wasn't like Pe£riyar?

He was an Anti-Hindu m0r0n just like Periy@r.


Yes it's true that he criticised K2@s but that doesn't make him any useful for Hindus.

His writings will remind you a lot of JNU Urban Naxals like Kanhaiya.

"Ancient Hindus had no sexual morals, brother cohabited with sister, son with mother, father with daughter... Men freely shared women & none had exclusive right over her... Prostitution flourished in the worst form...bestiality prevailed, done even by Rishis."
Riddles in Hinduism


This is what Shri Ram said in Kishkindha-Kanda of Valmiki Ramayana regarding such immoral relationships.

But how could Neela Katt@ppa not realize this?

Because he severely lacking analytical capabilities of Hindu texts.


"Hindu Gods were miserable cowards who had to hide behind their wives to save themselves from Asuras. How could these cowards give power to Shakti? Did the Brahmins invent the practice of worshipping of Goddesses to put a new commodity in the market?"

Riddles in Hinduism.
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Sarvesh Tiwari
Sarvesh Tiwari
@bhAratenduH
#LangarPR

Milk and biscuit distribution by a gurudwara committee in Lucknow.

Value of material distributed may be far smaller than its show off, advertising and PR.

Thoughts. 1/n


According to a किंवदन्ती, once a follower of Tulasīdāsa needed a loan for a family wedding.

Rahīm was then living in Kashi, and known to be a rich and generous man. No needy would return emptyhanded from him.

Requested by the man, Tulasīdāsa sent him to

2/n

Rahīm with a letter.

Rahīm not only helped the man but also sent a humble letter to Tulasīdāsa thanking him for the opportunity to be of service.

Tulasīdāsa wrote him back:

सीखे कहाँ रहीम जी
देनी ऐसी देन
ज्यों ज्यों कर ऊपर उठत
त्यों त्यों नीचे नैन?

3/n

(From where did our Rahīm ji learn such way of giving? As his arms rise in charity, his gaze turns lower in humility?)

To which Rahīm wrote back to Tulasīdāsa:

देनहार कोइ और है
देत रहत दिन रैन
लोग भरम हम पर धरत
ता सों नीचे नैन!

4/n

(The provider is someone else, who keeps providing for all beings, day and night! But when people call me the provider and donor etc, my eyes are naturally set down in shame and embarrassment)

This is the only way of real service. With humility, away from PR.

5/n
INDIA

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Rig Ved 1.36.7

To do a Namaskaar or bow before someone means that you are humble or without pride and ego. This means that we politely bow before you since you are better than me. Pranipaat(प्राणीपात) also means the same that we respect you without any vanity.

1/9


Surrendering False pride is Namaskaar. Even in devotion or bhakti we say the same thing. We want to convey to Ishwar that we have nothing to offer but we leave all our pride and offer you ourselves without any pride in our body. You destroy all our evil karma.

2/9

We bow before you so that you assimilate us and make us that capable. Destruction of our evils and surrender is Namaskaar. Therefore we pray same thing before and after any big rituals.

3/9

तं घे॑मि॒त्था न॑म॒स्विन॒ उप॑ स्व॒राज॑मासते ।
होत्रा॑भिर॒ग्निं मनु॑षः॒ समिं॑धते तिति॒र्वांसो॒ अति॒ स्रिधः॑॥

Translation :

नमस्विनः - To bow.

स्वराजम् - Self illuminating.

तम् - His.

घ ईम् - Yours.

इत्था - This way.

उप - Upaasana.

आसते - To do.

स्त्रिधः - For enemies.

4/9

अति तितिर्वांसः - To defeat fast.

मनुषः - Yajman.

होत्राभिः - In seven numbers.

अग्निम् - Agnidev.

समिन्धते - Illuminated on all sides.

Explanation : Yajmans bow(do Namaskaar) before self illuminating Agnidev by making the offerings of Havi.

5/9
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Billy Bostickson 🏴👁&👁 ...
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@EricTopol @NBA @StephenKissler @yhgrad B.1.1.7 reveals clearly that SARS-CoV-2 is reverting to its original pre-outbreak condition, i.e. adapted to transgenic hACE2 mice (either Baric's BALB/c ones or others used at WIV labs during chimeric bat coronavirus experiments aimed at developing a pan betacoronavirus vaccine)

@NBA @StephenKissler @yhgrad 1. From Day 1, SARS-COV-2 was very well adapted to humans .....and transgenic hACE2 Mice


@NBA @StephenKissler @yhgrad 2. High Probability of serial passaging in Transgenic Mice expressing hACE2 in genesis of SARS-COV-2


@NBA @StephenKissler @yhgrad B.1.1.7 has an unusually large number of genetic changes, ... found to date in mouse-adapted SARS-CoV2 and is also seen in ferret infections.
https://t.co/9Z4oJmkcKj


@NBA @StephenKissler @yhgrad We adapted a clinical isolate of SARS-CoV-2 by serial passaging in the ... Thus, this mouse-adapted strain and associated challenge model should be ... (B) SARS-CoV-2 genomic RNA loads in mouse lung homogenates at P0 to P6.
https://t.co/I90OOCJg7o
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Vibhu Vashisth
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@VIBHU_Tweet
Did you know?
Ahilyabai Holkar was one of India's
greatest women rulers of all time.

Ahilyabai was Born on May 31,1725 in the village of Chondi,Jamkhed distt,Maharashtra to a man named Mankoji Shinde,who was the Patil(Chief) of a village and a member of proud Dhangar Community.


Despite the fact that girls' education was a farther dream in those days, Ahilyabai was homeschooled by her father.
Ahilya didn't belong to any royal family but in a twist of fate she is still remembered as one of the most revered Queen in the history.


While they were living their humdrum lives, one day Malhar Rao Holkar, commander of the Peshwa Bajirao & Lord of the Malwa stopped in Chondi on his way to Pune, where he couldn't help but notice a young 8yrs old Ahilyabai in the temple service feeding the poor & hungry.

He was so impressed by the sheer innocence&beauty with simplicity character of Ahilyabai dat he asked her hand in marriage for his son Khanderao Holkar.Just like that she got married to Khanderao in 1733 at a tender age of 8&became a bride of esteemed Maratha community of Holkars

But destiny had something else in store for her as her husband died in the Battle of Kumbher in 1754 leaving her widow at 29.Distressed Ahilyabai was to commit Sati when her father-in-law Malhar Rao refused to let it happen.
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John Hayward
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Funny, before the election I recall lefties muttering the caravan must have been a Trump setup because it made the open borders crowd look so bad. Why would the pro-migrant crowd engineer a crisis that played into Trump's hands? THIS is why. THESE are the "optics" they wanted.


This media manipulation effort was inspired by the success of the "kids in cages" freakout, a 100% Stalinist propaganda drive that required people to forget about Obama putting migrant children in cells. It worked, so now they want pics of Trump "gassing children on the border."

There's a heavy air of Pallywood around the whole thing as well. If the Palestinians can stage huge theatrical performances of victimhood with the willing cooperation of Western media, why shouldn't the migrant caravan organizers expect the same?

It's business as usual for Anarchy, Inc. - the worldwide shredding of national sovereignty to increase the power of transnational organizations and left-wing ideology. Many in the media are true believers. Others just cannot resist the narrative of "change" and "social justice."

The product sold by Anarchy, Inc. is victimhood. It always boils down to the same formula: once the existing order can be painted as oppressors and children as their victims, chaos wins and order loses. Look at the lefties shrieking in unison about "Trump gassing children" today.
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SK
SK
@sk_diary1
#DoYouKnow -The place where
Lalitha Sahasranamam -1000 names of Devi originated.

It is in Lalithambigai temple -Thirumeeyachur,Near Mayiladuthurai,TN

There is a Legend #story & it is related to this beautiful #sculpture of Kshetrapuraneswarar & Ambal Lalithambigai #Thread 👇


#Legend #story
It is believed that this is birth place of Kashyapa Maharishi’s sons, Arunan& Garudan. Arunan(charioteer of Surya)was physically handicapped.He was a Shiva devotee.Arunan wanted to visit Kailash to have Shiva Darshan,but Surya Dev denied permission.

So Arunan disguised as a girl & was on his way to Kailash.On the way Surya Dev saw this girl & outraged her modesty.Shiva was very angry with Suryan for misbehaviour & cursed him to get darkened. Whole world plunged into darkness.Surya Dev pleaded to Bhagwan Shiv to forgive him.

Shiva Bhagwan asked him to go to Thirumiyachur & worship him there. As advised, Surya Dev performed rigorous penance, placed murthi of Shiva& Parvathy on an elephant & took them to the clouds.Shiva in this temple is known as Meganathaswamy,Devi is known as Lalithambigai


Even after severe penance,Shiva does appear,so Surya Dev cries out in agony.Disturbed by his call, Parvathy protests.Siva pacifies her & offers relief to Surya Dev.The sculpture of Shiva pacifying Ambal shows her sullen from one angle &smiling from another.
RELIGION