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
- The company have divided forex loss in 2 parts: 7 crore in interest and 1 crore above EBITDA.
- Exports market: Anti dumping which was announced couple of weeks back has been confirmed by the government. This will improve the margins.
- Company has witnessed larger growth in towns and cities and things are slow in urban areas specially in western states.
- 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
- Non availability of containers for shipment is impacting imports.
- Company have sufficient space in Andhra Pradesh to do brownfield expansion
- Value added MDF contribution has gone up this quarter.
- 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%.
- Net debt: 452 crore at end of current quarter, 400cr by 31 March 2021 and Around 200 crore by 2022.
-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.
- After MDF full capacity expansion there will not be a lot of Marketing expenditure
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Many are upset at the bus attacks & Red Fort events during #FarmersProtest.
But have you paused to think what has brought about this situation? While magnifying impulsive actions by some protesters, do you miss to see State's systematic violence and erosion of rule of law?
If you are a believer in Constitution and legitimate processes, then the manner in which the Centre pushed the #FarmLaws & handled the #FarmersProstests should leave you distressed.
First, Centre brings these laws as Ordinances on subjects which are apparently in state list, through a colorable use of concurrent list. Principle of federalism negated, at least in spirit, if not in letter.
Then, bills are passed in Parliament without effective discussions.
No one can say for sure if the bills were actually passed in vote in Rajya Sabha. The whole process was brazenly dubious. The live telecast was stopped amid protests. Really shameful events.
So, lawful processes to address dissent undermined.
#FarmersProtest
#FarmLaws
Then some farm groups approach the Supreme Court raising some pertinent questions on constitutionality. Instead of considering legality, court ventures into political thicket by attempting mediation, that too with a hand-picked committee having only members supporting #FarmLaws .
But have you paused to think what has brought about this situation? While magnifying impulsive actions by some protesters, do you miss to see State's systematic violence and erosion of rule of law?
How it started: How it's going: pic.twitter.com/bwkqp3uYQu
— Manu Sebastian (@manuvichar) January 26, 2021
If you are a believer in Constitution and legitimate processes, then the manner in which the Centre pushed the #FarmLaws & handled the #FarmersProstests should leave you distressed.
First, Centre brings these laws as Ordinances on subjects which are apparently in state list, through a colorable use of concurrent list. Principle of federalism negated, at least in spirit, if not in letter.
Then, bills are passed in Parliament without effective discussions.
No one can say for sure if the bills were actually passed in vote in Rajya Sabha. The whole process was brazenly dubious. The live telecast was stopped amid protests. Really shameful events.
So, lawful processes to address dissent undermined.
#FarmersProtest
#FarmLaws
Then some farm groups approach the Supreme Court raising some pertinent questions on constitutionality. Instead of considering legality, court ventures into political thicket by attempting mediation, that too with a hand-picked committee having only members supporting #FarmLaws .
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"I lied about my basic beliefs in order to keep a prestigious job. Now that it will be zero-cost to me, I have a few things to say."
We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.
Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)
It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.
Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".
As a dean of a major academic institution, I could not have said this. But I will now. Requiring such statements in applications for appointments and promotions is an affront to academic freedom, and diminishes the true value of diversity, equity of inclusion by trivializing it. https://t.co/NfcI5VLODi
— Jeffrey Flier (@jflier) November 10, 2018
We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.
Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)
It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.
Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".
So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
