Kiri Industries

https://antinvestor.wordpress.com/2017/01/03/kiri-industries-heads-i-win-tails-i-dont-lose-much/

problem

not in circle of competancy

die

color

cheap material too much pollution

not a business i would like to own

but color is important

coloring of fabric rubber etc

P/E less

just because it holds share of some foreign company and did some good investment there

standalone business in india is not much of a charm

it is like a bet and not like a good investment what to do ?

can take bet?

sales are increasing

so should i take a call.. on this avg company but right now stock have shooted a lot

from 80 values to 240 value

Beginning FY’14, DyStar subsidiary started to show turnaround in performance and is now generating profits consistently for the past 3 years. This associate profit from the JV gives an EPS of 70-80. Principal reason for the low PE in the screening table above is that Mr. Market ignores DyStar associate profit completely. With no access to the DyStar profit pool, Mr. Market believes that Kiri’s investment became kind of dead-end.

Company is hopeful of completing litigation by end of Sept’17. Based on the timeline of recent Daichi-Ranbaxy arbitration at Singapore court, I would say it is very much possible. Also remember, JV (DyStar global holdings) entity was registered in Singapore.

 

Nope

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