The document discusses VA Tech Wabag Ltd, an Indian company that provides water treatment solutions. It highlights the large opportunity in water treatment given increasing global demand and India's projected supply/demand gap. VA Tech operates across the water treatment value chain and has a strong order backlog. The company has a healthy balance sheet and benefits from the large expected government spending on water infrastructure in India. At current valuations, the document recommends investing in VA Tech.
Balkrishna Industries Ltd is an export-focused manufacturer of off-highway tires. It has a strong global distribution network of 240 distributors in over 125 countries. The company derives over 90% of its revenues from exports, with Europe and US contributing around 75%. It has a wide product portfolio with over 2,200 SKUs. While short-term pressures exist, the company has many long-term positives including a strong cost advantage, growing global market share, and rising farm incomes in key markets like the US driving future growth. The document provides an overview of the company's business model and financials to evaluate it as a potential long-term investment opportunity.
NBCC Ltd is an implementing agency for various government departments that provides project management and consultancy (PMC) services. It earns margins of 5-7% on contract values and outsources actual construction to subcontractors. The company has a strong order backlog of over 3 times FY13 revenues and is expanding into real estate development. While PMC provides stable cash flows, real estate offers higher margins and returns. At a P/E of 7x with strong growth visibility, cash surplus and high returns, NBCC provides an attractive investment opportunity.
Dhanuka Agritech Ltd is recommended as a stock idea for its shareholder friendly business model. The document discusses Dhanuka's business overview, financials, and investment arguments. Key points include that Dhanuka has an asset light business model focused on sales and marketing in the growing agrochemical industry. It has a strong distribution network and portfolio of products through licensing agreements. The recommendation is to buy Dhanuka initially accumulating 70% of the intended allocation.
This document discusses PI Industries, an Indian agrochemical company. It provides an overview of the company's business segments, highlights such as its differentiated business model focusing on IP-driven products through licensing agreements, experienced management, and strong product portfolio including top-selling brands. The company is expected to benefit from a predicted normal monsoon in India. The document presents PI Industries as a tactical investment idea for a 6-9 month timeframe, citing its strong growth profile with earnings projected to rise steadily through FY2015. It recommends the stock as a medium-term "bulls eye call" with an accumulation range of Rs. 105-120 and target price of Rs. 145.
Godrej Properties Ltd is a real estate development company that the research desk believes presents a good investment opportunity. It has a large growth opportunity in the long run as the real estate market grows. While current returns are low, they are expected to improve to around 18% in the next 3 years. The company follows an asset-light business model allowing it to rapidly scale up operations. At current valuations of 1.5 times book value for a high growth company, the stock presents a good investment for long term investors. However, the company will need to improve its project selection and execution to consistently deliver strong returns.
This market assessment report is a primer for Zero Liquid Discharge in India, which describes the current scenario, illustrates the outlook for 2020 and quantifies the market opportunity with a focus on three highly polluting and water intensive industries, i.e. Textile (wet processing), Distillery (molasses based) and Pulp & Paper (large wood based).
Water and wastewater mangement in india 2014 - SampleNetscribes, Inc.
The Indian water and wastewater management market is valued at approximately INR 1 trillion currently and is expected to grow at a CAGR of 12% till 2018. Demand arises primarily from the agricultural, industrial, and domestic sectors. While agriculture currently accounts for the largest share of water usage, industrial water treatment is anticipated to drive market growth in the future. Key players in the market include Hindustan Dorr Oliver Ltd., Ion Exchange India Ltd., SPML Infra Ltd., Thermax Ltd., Va Tech Wabag Ltd., and Veolia Water India Private Ltd. The market faces challenges such as poor infrastructure and pricing mechanisms but is supported by rising urbanization, industrialization, and government initiatives like the Jawah
Phoenix Lamps is an Indian company that is the dominant manufacturer of halogen lighting in India, with over 50% market share across various vehicle segments. It has a cost advantage over competitors due to large scale manufacturing. The company was previously owned by Actis Capital, but is now owned by Suprajit Engineering, an established player in auto ancillaries, which should improve management quality. The document discusses Phoenix Lamps' business overview, financials, valuation, and risks, concluding the company is a quality business available at an attractive price.
Balkrishna Industries Ltd is an export-focused manufacturer of off-highway tires. It has a strong global distribution network of 240 distributors in over 125 countries. The company derives over 90% of its revenues from exports, with Europe and US contributing around 75%. It has a wide product portfolio with over 2,200 SKUs. While short-term pressures exist, the company has many long-term positives including a strong cost advantage, growing global market share, and rising farm incomes in key markets like the US driving future growth. The document provides an overview of the company's business model and financials to evaluate it as a potential long-term investment opportunity.
NBCC Ltd is an implementing agency for various government departments that provides project management and consultancy (PMC) services. It earns margins of 5-7% on contract values and outsources actual construction to subcontractors. The company has a strong order backlog of over 3 times FY13 revenues and is expanding into real estate development. While PMC provides stable cash flows, real estate offers higher margins and returns. At a P/E of 7x with strong growth visibility, cash surplus and high returns, NBCC provides an attractive investment opportunity.
Dhanuka Agritech Ltd is recommended as a stock idea for its shareholder friendly business model. The document discusses Dhanuka's business overview, financials, and investment arguments. Key points include that Dhanuka has an asset light business model focused on sales and marketing in the growing agrochemical industry. It has a strong distribution network and portfolio of products through licensing agreements. The recommendation is to buy Dhanuka initially accumulating 70% of the intended allocation.
This document discusses PI Industries, an Indian agrochemical company. It provides an overview of the company's business segments, highlights such as its differentiated business model focusing on IP-driven products through licensing agreements, experienced management, and strong product portfolio including top-selling brands. The company is expected to benefit from a predicted normal monsoon in India. The document presents PI Industries as a tactical investment idea for a 6-9 month timeframe, citing its strong growth profile with earnings projected to rise steadily through FY2015. It recommends the stock as a medium-term "bulls eye call" with an accumulation range of Rs. 105-120 and target price of Rs. 145.
Godrej Properties Ltd is a real estate development company that the research desk believes presents a good investment opportunity. It has a large growth opportunity in the long run as the real estate market grows. While current returns are low, they are expected to improve to around 18% in the next 3 years. The company follows an asset-light business model allowing it to rapidly scale up operations. At current valuations of 1.5 times book value for a high growth company, the stock presents a good investment for long term investors. However, the company will need to improve its project selection and execution to consistently deliver strong returns.
This market assessment report is a primer for Zero Liquid Discharge in India, which describes the current scenario, illustrates the outlook for 2020 and quantifies the market opportunity with a focus on three highly polluting and water intensive industries, i.e. Textile (wet processing), Distillery (molasses based) and Pulp & Paper (large wood based).
Water and wastewater mangement in india 2014 - SampleNetscribes, Inc.
The Indian water and wastewater management market is valued at approximately INR 1 trillion currently and is expected to grow at a CAGR of 12% till 2018. Demand arises primarily from the agricultural, industrial, and domestic sectors. While agriculture currently accounts for the largest share of water usage, industrial water treatment is anticipated to drive market growth in the future. Key players in the market include Hindustan Dorr Oliver Ltd., Ion Exchange India Ltd., SPML Infra Ltd., Thermax Ltd., Va Tech Wabag Ltd., and Veolia Water India Private Ltd. The market faces challenges such as poor infrastructure and pricing mechanisms but is supported by rising urbanization, industrialization, and government initiatives like the Jawah
Phoenix Lamps is an Indian company that is the dominant manufacturer of halogen lighting in India, with over 50% market share across various vehicle segments. It has a cost advantage over competitors due to large scale manufacturing. The company was previously owned by Actis Capital, but is now owned by Suprajit Engineering, an established player in auto ancillaries, which should improve management quality. The document discusses Phoenix Lamps' business overview, financials, valuation, and risks, concluding the company is a quality business available at an attractive price.
VA TECH WABAG GmbH is a global leader in water treatment that provided Mr. Gabriel Cizmarita with a letter of reference for his work as a translator on projects in Iasi, Romania from 2004-2008. As a translator, Mr. Cizmarita was responsible for translations during meetings and documents containing technical terms. He showed well-developed translation abilities and strong commitment to his professional tasks. VA TECH WABAG appreciated his dedication to work and ability to translate complicated technical documents into English. They thank Mr. Cizmarita for his contribution and efforts and wish him the best for his future career and personal life.
City Union Bank (CUB) is recommended as a buy investment, with a core investment thesis that it is a well-run regional bank that has consistently generated healthy returns and shareholder wealth creation. CUB focuses on lending to the MSME segment, which is expected to see strong growth over the next decade as manufacturing and global trade increases in India. CUB has a strong track record over 15 years of delivering high returns through earnings growth, and its focus on MSME lending, strong execution, and conservative culture position it for continued outperformance going forward at its current attractive valuation.
CARE Ratings is issuing an IPO to raise Rs. 7.2 crores. As the second largest credit rating agency in India, CARE has a dominant #2 market position and benefits from the structural growth of the Indian debt market. It has a robust business model with high margins and returns. While not cheap, CARE is available at a discount to its listed peers CRISIL and ICRA due to its strong quality and growth opportunities. The document recommends subscribing to the IPO.
The document discusses selecting stocks that can compound at a healthy rate over the next 3-5 years to create wealth. It recommends buying Kewal Kiran Clothing Ltd, an Indian manufacturer and retailer of branded apparel. Kewal Kiran has strong competitive advantages and is available at a discount to its intrinsic value. It is well positioned to benefit from structural growth opportunities in India such as a rising middle class, increased youth spending, and growing aspirations in tier 2 and 3 cities.
This document summarizes a multibagger stock package offered by HBJ Capital that aims to provide monthly stock recommendations with potential for high returns. Key details include:
- HBJ Capital is an equity research firm that provides stock recommendations to retail, high net worth, and institutional clients.
- The multibagger stock package will recommend one stock per month that has potential to generate multifold returns through extensive research reports and quarterly updates.
- For a yearly subscription of Rs. 15,000, investors will receive 12 stock picks across market caps and investment styles, along with research reports and portfolio reviews from a dedicated analyst.
Please find herewith the Corporate Presentation of Brilliance Technologies in Shenzhen/China with whom we take care of European sales and cooperate in the R&D fields.
Predictive testing of opportunities example reportThe Inovo Group
An example of the report produced by Inovo's PTO service. Based on the Growth Science Business Model Simulation tool, Inovo provides a detailed analysis of an opportunity a company is pursuing or considering to pursue and predicts it's probability of success and growth rate.
Arcview presentation april 2013 version 2smdittman
FusionPharm develops and markets innovative indoor agricultural containers called PharmPods. PharmPods provide advanced climate control and allow for individual rooms, solving problems for growers. They are portable, plug-and-play, and cost stable. FusionPharm is seeking a $2 million investment to provide financing for licensed cultivators to purchase PharmPods. The investment offers a 13% annual preferred dividend return and security features like GPS tracking and recovery of PharmPods in case of default.
The document provides guidelines for effective PowerPoint presentations, including:
- Use dark text on light backgrounds for paper and light text on dark backgrounds for projections.
- Stick to a single background and don't overuse graphics or styles to draw attention away from the information.
- Left justify and balance bullets, graphics, and text for readability. Employ consistent font sizes and stick to familiar fonts.
- Avoid overwhelming slides with too much text and keep content concise and easy to understand for audiences.
Thane Ritchie highlights 4 cities that are using vertical farming techniques rather than traditional farming. The purpose behind this is push the limits of farming in America and how we can improve upon it. Vertical farming typically works by placing farming into glass houses with artificial lighting. These glass houses often resemble office buildings. As land is growing more scarce, vertical farming seems to be the future of how Americans will grow local produce.
Transport Corporation of India (TCI) is India's largest integrated logistics and supply chain solutions provider. It has a market capitalization of only 440 Cr Rs despite operating 7000 trucks, 6 cargo ships, 9 Mn sq ft of warehousing, and serving 13,000 delivery points. TCI aims to select stocks that can compound sustainably at a healthy rate for the next 3-5 years by choosing companies with strong competitive advantages trading at a discount to intrinsic value. The presentation provides an overview of TCI's business segments, investment rationale, and financials to argue that TCI presents a strong investment opportunity due to its scale of operations, emerging high-margin business lines, and attractive valuation.
Designing Innovation Ecosystems | Keynote Address to the 2016 ANZRSAI Meeting...Ed Morrison
These slides highlighted a keynote adress to the 40th annual meeting of the Australia New Zealand Regional Science Association International meeting in Melbourne. In it, we reviewed some of our experiments in designing and guiding innovation ecosystems.
Nandan Denim Limited (NDL) is the second-largest textile company in India.
Located in Gujarat, the textile hub of India, the Company is engaged in the manufacture of denims, cotton fabrics and khakis through fully integrated facilities.
With a projected denim manufacturing capacity of 110 MMPA,
NDL is currently the 2nd largest manufacturing facility in India.
Machinery with latest technology from Germany and Japan, capable of producing wide range of denim fabrics.
~10% domestic fabric market share.
NDL is a part of the Chiripal Group, a leading business conglomerate diversified across several businesses.
This document discusses aeroponics as a tool for food security. Aeroponics is the practice of growing plants without soil, with roots in a misty environment. It has several benefits over traditional agriculture including more precise nutrient and environmental control, higher yields from less land, less water usage, and elimination of many plant diseases and pests. The document outlines the benefits and potential commercial applications of aeroponics in Nigeria, including opportunities to supply local and export markets with high-quality produce year-round. It also discusses factors like capital costs, skilled labor needs, and the lack of existing aeroponics industry organizations as potential weaknesses or barriers to adoption in Nigeria.
PVR Ltd is India's largest film exhibition company with over 170 screens across 20 cities. The document discusses PVR's business overview and investment rationale. It notes that PVR has established itself as a trusted brand, has a strong balance sheet, and is focused on growing its exhibition and retail entertainment (PVR BluO) businesses. The document argues that PVR is well positioned to benefit from India's growing middle class and increasing discretionary spending. It highlights PVR's healthy returns, expansion plans, and attractive valuation as reasons to buy the stock.
DFM Foods Ltd is an Indian snacks manufacturer focused on the high-growth Indian snacks industry. The company recently expanded its manufacturing capacity from 600 kg/hr to 1600 kg/hr. Its flagship product is Crax-branded corn rings, which has a leading position in the roasted corn snacks segment and is targeted towards children aged 6-14. The document discusses DFM Foods' business overview, financial performance, growth opportunities from expanding distribution and entering new markets, and capacity expansion plans. It argues that DFM Foods is well positioned for strong future growth at attractive valuations, given the huge potential in the Indian snacks market.
- The document discusses the investment opportunity presented by EClerx Limited, an Indian business process outsourcing company. It provides an investment snapshot of EClerx, highlighting its current market price and financials. It also lists several strengths of EClerx, including high-quality management, a strong track record of growth, high returns, and large market opportunity in the business process outsourcing sector. The document recommends buying EClerx stock currently, with an initial 70% position size and potential to become a core portfolio holding.
BPCL is one of India's largest oil and gas companies. It has a majority shareholding by the Government of India. BPCL has strategic refineries and marketing infrastructure located across India. It is currently undertaking various expansion projects to increase refining capacity and expand its downstream and marketing networks. BPCL aims to become more integrated and self-sufficient in fuel supply through ongoing and upcoming projects totaling Rs. 40,000 crore of investments over the next 5 years. It is also pursuing opportunities in upstream assets, gas pipelines, petrochemicals, and expanding export markets.
VA TECH WABAG GmbH is a global leader in water treatment that provided Mr. Gabriel Cizmarita with a letter of reference for his work as a translator on projects in Iasi, Romania from 2004-2008. As a translator, Mr. Cizmarita was responsible for translations during meetings and documents containing technical terms. He showed well-developed translation abilities and strong commitment to his professional tasks. VA TECH WABAG appreciated his dedication to work and ability to translate complicated technical documents into English. They thank Mr. Cizmarita for his contribution and efforts and wish him the best for his future career and personal life.
City Union Bank (CUB) is recommended as a buy investment, with a core investment thesis that it is a well-run regional bank that has consistently generated healthy returns and shareholder wealth creation. CUB focuses on lending to the MSME segment, which is expected to see strong growth over the next decade as manufacturing and global trade increases in India. CUB has a strong track record over 15 years of delivering high returns through earnings growth, and its focus on MSME lending, strong execution, and conservative culture position it for continued outperformance going forward at its current attractive valuation.
CARE Ratings is issuing an IPO to raise Rs. 7.2 crores. As the second largest credit rating agency in India, CARE has a dominant #2 market position and benefits from the structural growth of the Indian debt market. It has a robust business model with high margins and returns. While not cheap, CARE is available at a discount to its listed peers CRISIL and ICRA due to its strong quality and growth opportunities. The document recommends subscribing to the IPO.
The document discusses selecting stocks that can compound at a healthy rate over the next 3-5 years to create wealth. It recommends buying Kewal Kiran Clothing Ltd, an Indian manufacturer and retailer of branded apparel. Kewal Kiran has strong competitive advantages and is available at a discount to its intrinsic value. It is well positioned to benefit from structural growth opportunities in India such as a rising middle class, increased youth spending, and growing aspirations in tier 2 and 3 cities.
This document summarizes a multibagger stock package offered by HBJ Capital that aims to provide monthly stock recommendations with potential for high returns. Key details include:
- HBJ Capital is an equity research firm that provides stock recommendations to retail, high net worth, and institutional clients.
- The multibagger stock package will recommend one stock per month that has potential to generate multifold returns through extensive research reports and quarterly updates.
- For a yearly subscription of Rs. 15,000, investors will receive 12 stock picks across market caps and investment styles, along with research reports and portfolio reviews from a dedicated analyst.
Please find herewith the Corporate Presentation of Brilliance Technologies in Shenzhen/China with whom we take care of European sales and cooperate in the R&D fields.
Predictive testing of opportunities example reportThe Inovo Group
An example of the report produced by Inovo's PTO service. Based on the Growth Science Business Model Simulation tool, Inovo provides a detailed analysis of an opportunity a company is pursuing or considering to pursue and predicts it's probability of success and growth rate.
Arcview presentation april 2013 version 2smdittman
FusionPharm develops and markets innovative indoor agricultural containers called PharmPods. PharmPods provide advanced climate control and allow for individual rooms, solving problems for growers. They are portable, plug-and-play, and cost stable. FusionPharm is seeking a $2 million investment to provide financing for licensed cultivators to purchase PharmPods. The investment offers a 13% annual preferred dividend return and security features like GPS tracking and recovery of PharmPods in case of default.
The document provides guidelines for effective PowerPoint presentations, including:
- Use dark text on light backgrounds for paper and light text on dark backgrounds for projections.
- Stick to a single background and don't overuse graphics or styles to draw attention away from the information.
- Left justify and balance bullets, graphics, and text for readability. Employ consistent font sizes and stick to familiar fonts.
- Avoid overwhelming slides with too much text and keep content concise and easy to understand for audiences.
Thane Ritchie highlights 4 cities that are using vertical farming techniques rather than traditional farming. The purpose behind this is push the limits of farming in America and how we can improve upon it. Vertical farming typically works by placing farming into glass houses with artificial lighting. These glass houses often resemble office buildings. As land is growing more scarce, vertical farming seems to be the future of how Americans will grow local produce.
Transport Corporation of India (TCI) is India's largest integrated logistics and supply chain solutions provider. It has a market capitalization of only 440 Cr Rs despite operating 7000 trucks, 6 cargo ships, 9 Mn sq ft of warehousing, and serving 13,000 delivery points. TCI aims to select stocks that can compound sustainably at a healthy rate for the next 3-5 years by choosing companies with strong competitive advantages trading at a discount to intrinsic value. The presentation provides an overview of TCI's business segments, investment rationale, and financials to argue that TCI presents a strong investment opportunity due to its scale of operations, emerging high-margin business lines, and attractive valuation.
Designing Innovation Ecosystems | Keynote Address to the 2016 ANZRSAI Meeting...Ed Morrison
These slides highlighted a keynote adress to the 40th annual meeting of the Australia New Zealand Regional Science Association International meeting in Melbourne. In it, we reviewed some of our experiments in designing and guiding innovation ecosystems.
Nandan Denim Limited (NDL) is the second-largest textile company in India.
Located in Gujarat, the textile hub of India, the Company is engaged in the manufacture of denims, cotton fabrics and khakis through fully integrated facilities.
With a projected denim manufacturing capacity of 110 MMPA,
NDL is currently the 2nd largest manufacturing facility in India.
Machinery with latest technology from Germany and Japan, capable of producing wide range of denim fabrics.
~10% domestic fabric market share.
NDL is a part of the Chiripal Group, a leading business conglomerate diversified across several businesses.
This document discusses aeroponics as a tool for food security. Aeroponics is the practice of growing plants without soil, with roots in a misty environment. It has several benefits over traditional agriculture including more precise nutrient and environmental control, higher yields from less land, less water usage, and elimination of many plant diseases and pests. The document outlines the benefits and potential commercial applications of aeroponics in Nigeria, including opportunities to supply local and export markets with high-quality produce year-round. It also discusses factors like capital costs, skilled labor needs, and the lack of existing aeroponics industry organizations as potential weaknesses or barriers to adoption in Nigeria.
PVR Ltd is India's largest film exhibition company with over 170 screens across 20 cities. The document discusses PVR's business overview and investment rationale. It notes that PVR has established itself as a trusted brand, has a strong balance sheet, and is focused on growing its exhibition and retail entertainment (PVR BluO) businesses. The document argues that PVR is well positioned to benefit from India's growing middle class and increasing discretionary spending. It highlights PVR's healthy returns, expansion plans, and attractive valuation as reasons to buy the stock.
DFM Foods Ltd is an Indian snacks manufacturer focused on the high-growth Indian snacks industry. The company recently expanded its manufacturing capacity from 600 kg/hr to 1600 kg/hr. Its flagship product is Crax-branded corn rings, which has a leading position in the roasted corn snacks segment and is targeted towards children aged 6-14. The document discusses DFM Foods' business overview, financial performance, growth opportunities from expanding distribution and entering new markets, and capacity expansion plans. It argues that DFM Foods is well positioned for strong future growth at attractive valuations, given the huge potential in the Indian snacks market.
- The document discusses the investment opportunity presented by EClerx Limited, an Indian business process outsourcing company. It provides an investment snapshot of EClerx, highlighting its current market price and financials. It also lists several strengths of EClerx, including high-quality management, a strong track record of growth, high returns, and large market opportunity in the business process outsourcing sector. The document recommends buying EClerx stock currently, with an initial 70% position size and potential to become a core portfolio holding.
BPCL is one of India's largest oil and gas companies. It has a majority shareholding by the Government of India. BPCL has strategic refineries and marketing infrastructure located across India. It is currently undertaking various expansion projects to increase refining capacity and expand its downstream and marketing networks. BPCL aims to become more integrated and self-sufficient in fuel supply through ongoing and upcoming projects totaling Rs. 40,000 crore of investments over the next 5 years. It is also pursuing opportunities in upstream assets, gas pipelines, petrochemicals, and expanding export markets.
Fisheries and Aquaculture Sector in India: Business Opportunities in Fisherie...Ajjay Kumar Gupta
These days, people are turning to fish and shellfish as high-quality sources of protein. In fact, according to Seafood Business, nearly 10 billion pounds of seafood will be consumed each year. This high demand means lucrative business opportunities are available for entrepreneurs in the fisheries and aquaculture sector—including those who want to start their own processing plant, retail operation or import/export company.
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬
NIIR PROJECT CONSULTANCY SERVICES, DELHI
An ISO 9001:2015 Company
ENTREPRENEUR INDIA
106-E, Kamla Nagar, Opp. Mall ST,
New Delhi-110007, India.
Email: npcs.ei@gmail.com
info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886
Mobile: +91-9097075054, 8800733955
Website: https://www.entrepreneurindia.co
https://www.niir.org
How to Invest in AI - Top 10 Artificial Intelligence StocksNgoc Truong
Macrovue‘s Webinar: How To Investing in Artificial Intelligence - Top 10 AI Stock Picks
Macrovue, the world's first global thematic investment platform giving Australians the ability to invest in international thematic share portfolios.
In this presentation, you will explore:
• The impact AI will have on the global economy
• The companies at the forefront of AI technology
• Why now is a good time to invest in AI technology
• An overview of some of the AI stocks in the portfolio
• Our stock selection criteria and research methodology.
The Macrovue Investment team has researched and constructed a portfolio focused on the five main AI technology systems in practice now.
These 10 companies are the early AI adopters that combine a strong digital capability with proactive strategies that have higher profit margins and are likely to widen the performance gap with other firms in the future.
Charcoal from Coconut Shell - A Valuable Resource, Coconut Shell Products, Co...Ajjay Kumar Gupta
Charcoal from Coconut Shell - A Valuable Resource, Coconut Shell Products, Coconut Shell Charcoal Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Production Schedule, Working Capital Requirement, Plant Layout, Process Flow Sheet, Cost of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis
Shell Charcoal is an important product obtained from coconut shell. Shell charcoal is used widely as domestic and industrial fuel. It is also used by blacksmiths and goldsmiths and in laundries. Shell Charcoal is also used to produce activated carbon. Activated Carbon produced from coconut shell has certain specific advantages as the raw material can adsorb certain molecular species. The shell charcoal is manufactured by burning shells of fully matured nuts in limited supply of air sufficient only for carbonisation, but not for complete destruction. There are many methods of coconut shell charcoal production, but the drum method and pit method are the most widespread. In general, shell charcoal is made by burning coconut shells in a limited supply of oxygen. It is important to know that oxygen could destroy shells if the air will not be limited.
See more
http://goo.gl/qJVBBb
http://goo.gl/3XGVCh
http://goo.gl/yglppI
http://goo.gl/wRfXNT
Contact us:
Niir Project Consultancy Services
106-E, Kamla Nagar, Near Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
Mobile: +91-9811043595
Website :
http://www.niir.org
http://www.entrepreneurindia.co
Tags
Coconut Shell Products, Coconut Shell Products Manufacture, Coconut Shell Based Products, How to Make Coconut Shell Products, Coconut Shell Charcoal Manufacture, Coconut Shell Charcoaling, Coconut Shell Powder Making Machine, Production of Coconut Shell Charcoal, Coconut Shell Charcoal Making Machine, Coconut Processing, Process of Producing Coconut Shell Charcoal, Coconut Shells Charcoal Making Method, Coconut Shell Charcoal Machine Project Report, Processing Plant Coconut Shell Powdering Machine, Coconut Shell Charcoal Production Line, Coconut Shell Charcoal Making Machine India, Coconut Shell Charcoal Product Plant, Coconut Shell Products Manufacturing, Production Process of Coconut Shell Product, Coconut Shell Charcoal Manufacturing Plant, Charcoal Manufacturing Plant, Coconut Shell Charcoal Business Plan, Activated Carbon Business Plan, Activated Carbon Manufacturing, Activated Carbon Manufacturing Plant, Activated Carbon from Coconut Shell, How to Start Activated Carbon from Coconut Shell Business Project, Activated Carbon Project, Activated Coconut Shell Charcoal, Manufacturing Process Coconut Shell Activated Carbon
Energold Drilling Group provides a corporate presentation detailing their forward-looking statements, business segments, global operations, technology, industry trends, customer profile, energy services, infrastructure services, manufacturing, social and environmental practices, leadership, and financial performance. The company operates 145 drilling rigs globally in mining, energy, and infrastructure with a focus on frontier regions. It has diversified its business across contract drilling, energy services, manufacturing, and sees continued growth opportunities.
Product that can be importable and marketed in India - Electric CarManish Tiwari
International business, Asumed joint venture between Tesla and Maruti, Electric Cars ( source of finance are hypothetical) and some clause assumed which might be different from actual laws
The document is a corporate presentation for The Waterbase Limited. It provides an overview of the company, including its key strengths such as strong brands, technical expertise, and financial position. It discusses the company's product portfolio, R&D capabilities, awards, shareholding, and growth strategy including plans for expansion, diversification, and vertical integration across the shrimp value chain. It also summarizes the proposed scheme of amalgamation with Pinnae Feeds Ltd to triple its feed manufacturing capacity.
Production of Paper Composite Cans
(From Paper Tube) for Packaging
Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Production Schedule, Working Capital Requirement, Plant Layout, Process Flow Sheet, Cost of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis
Composite can is composed of a can body; - a top closure; and a bottom closure. It is also sometimes called a Combi container. It has a convolute wound, spiral wound or linear draw formed rigid body, involving several layers of materials, including recycled and virgin paper, foil and plastics in various combinations, combined with a variety of adhesives and laminates, with one or both end closures permanently affixed which give the core properties such as strength, water resistance or heat resistance.
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https://goo.gl/MMo7lL
https://goo.gl/esfq28
https://goo.gl/C8vIT0
https://goo.gl/IgY83n
https://goo.gl/trLyig
https://goo.gl/NFDdmp
Contact us:
Niir Project Consultancy Services
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
Mobile: +91-9811043595
Website: www.entrepreneurindia.co , www.niir.org
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Persistent Systems is a leader in the outsourced product development space. It helps build software products for clients across the entire product lifecycle. There is no listed peer comparable to Persistent in the Indian market, making it a differentiated play. Persistent has a strong client base including marquee names like Microsoft, IBM, and substantial revenue from startups, helping it stay ahead of technology trends. It has experienced strong growth over the past few years and is expected to continue growing, supported by the growing outsourced product development market and Persistent's positioning in emerging technologies.
Vedantaindiaoperationssitevisit oilgascairnindiapresentation-27sep2012Vedanta Group
1) Cairn India is among the top 20 global independent oil and gas exploration and production companies with a market capitalization of over $11 billion.
2) Cairn India operates approximately 20% of India's domestic crude oil production from major assets in Rajasthan and on the west and east coasts of India.
3) Cairn India aims to become a global, world-class E&P company through establishing a
Voltas is an Indian engineering company and one of the largest air conditioning manufacturers in India. It is part of the Tata Group conglomerate. Voltas operates in three business segments - unitary products, engineering projects, and engineering products and services. It has a presence in over 54 countries across six continents. Voltas aims to drive value through smart engineering and innovation. Some of its strategic goals include increasing market share in India, expanding exports, and growing its engineering solutions business.
Mba summer training report on a study on marketing mix & competitive anal...shubhanjansingh
Kent RO Systems is an Indian company that manufactures water purifiers using reverse osmosis technology. It has three manufacturing plants in Roorkee and is establishing another in Greater Noida. The company expects to achieve a turnover of Rs. 350 crores in the current fiscal year compared to Rs. 240 crores last year. Kent holds around 40% of the Indian home water purifier market and aims to expand its network of distributors and dealers across the country, especially in South India. It also plans to increase exports and manufacturing capacity to meet its growth targets. Kent produces a range of water purifiers priced between Rs. 1250 to Rs. 15000 and has sold over a million units since its inception.
working captial of chemical sector managementacegaur
The document discusses the chemical sector in India, noting that it is the 6th largest producer of chemicals globally and contributes 7% to India's GDP. It provides an overview of the size and growth projections of the chemical market in India, which is expected to reach $300 billion by 2025. The document also outlines various government initiatives and policies supporting the development of the chemical sector in India.
The document summarizes the work of GreenCape, a non-profit organization in South Africa, to promote water reuse in industrial processes. GreenCape conducted interviews with industrial managers, researchers, consultants, and technology suppliers to understand drivers and barriers to industrial water reuse. Key drivers included water risk to businesses from drought, while main barriers were high capital costs and lack of funding. The project developed case studies of companies that successfully reduced water usage and a business case calculator to evaluate potential water reuse projects. GreenCape aims to increase adoption of reuse by providing information and supporting investment in water technologies.
#Oges Webinar Next 5 years in oil gas sector of india.pptxOges G(Pte) Ltd
Some Facts About Oil, Gas Market in India-
The demand for Oil &Gas in India is on the rise due to its economic and population(skilled) growth year on year.
Indian Government has made provisions to attract private investment and to increase domestic production through various reforms in the Oil&Gas sector policies. The Government is keen to remove all the obstacles to investment and incentivize oil and gas sector on the lines of ease of doing business and promote the Make in-India initiative in Oil&Gas too.
Several private companies have emerged as important players in the past decade. It is a transparent and level playing field for Indian private/foreign investors and national oil companies — both enjoy the same fiscal and contract terms.
Investment opportunities in India lies in upstream, gas pipeline, CGD network, LNG Terminal, Petrochemical and Refinery.
To encourage private players and global oil companies, Income generated from storage and selling of Crude Oil in Strategic crude oil reserves has been exempted from Income Tax
Government announced the Discovered Small Fields Policy in March, 2016 for monetization of 67 discoveries thorough international competitive bidding.
Government has approved HELP and same has been notified on March 30, 2016. This policy provides a uniform licensing system to explore and produce all hydrocarbons such as oil, gas, coal bed methane, shale oil/gas, etc. under a single licensing framework, option to select the exploration blocks without waiting for formal bid round and also provides many incentives such as reduced royalty rates for offshore blocks, marketing & pricing freedom and easy to administer revenue sharing model.
The document provides an update from HBJ Capital on the Indian stock market and their investment strategies. In 3 sentences:
Indian markets continued their strong rally in January driven by global liquidity and the domestic political mandate. However, some stocks are now trading at "absurd valuations" and frothy levels despite decent growth potential. HBJ Capital remains focused on finding attractively valued, quality businesses with upside potential rather than continually buying overvalued stocks that have performed well in the past.
The Indian markets had a flat December with a brief correction in the middle of the month. The letter outlines reasons for the fund manager's bullish long-term outlook on Indian markets, including a cyclical economic recovery aided by lower inflation and commodity prices. Several structural factors are also cited such as capital inflows due to low global growth, India embracing capitalism, and monetary reforms. The fund manager believes the market correction provides opportunities to accumulate quality stocks at attractive valuations. The letter concludes with investment quotes emphasizing valuation, patience, and focusing on companies with potential for outsized returns.
This document recommends buying shares of Orient Cements, an Indian cement company. It suggests accumulating 65% of the recommended 8-10% allocation now while the stock trades below 48 rupees per share. The strategy is to hold the stock for 6-12 months as quarterly earnings are expected to trigger a re-rating of the stock price to its intrinsic value near 75 rupees per share. Orient Cements is seen as undervalued due to a technical correction following its listing, trading at a large discount to peers and at only 3.3 times estimated EBIDTA.
- HBJ Capital is an equity research firm that provides stock recommendations to retail, high net worth, and institutional clients with the goal of identifying "hidden gem" multibagger stocks.
- Their flagship Multibagger Stock Package recommends 12 stocks per year with in-depth research reports and quarterly updates, focusing on mid-cap, small-cap, micro-cap, and other styles that could generate high returns.
- Their research process involves analyzing sectors, companies, management, and financials through primary and secondary research to identify undervalued stocks with strong growth potential.
- The document discusses Ramco Systems, an Indian IT products company that is emerging as a player in the growing cloud ERP space.
- It provides an overview of the large and growing global cloud ERP market, which is disrupting the traditional ERP market. Legacy ERP providers are struggling to transition to cloud solutions.
- Ramco Systems has developed competitive cloud ERP products but has historically struggled with marketing and sales. A new management team is focusing on an aggressive global go-to-market strategy for its cloud products.
- If Ramco is able to successfully execute this strategy, it represents a high-risk, high-return investment opportunity for investors due to the large potential upside from the growing
Coromandel International is a fertilizer company that is well-positioned to benefit from reforms in the fertilizer industry and the need to improve agriculture productivity in India. The company has a strong core phosphate fertilizer business with cost advantages. Upcoming reforms to subsidies on urea fertilizer over the next 5 years could significantly improve business dynamics for the company. The company also has a good track record of inorganic growth through acquisitions and a focus on higher-margin non-subsidized businesses that now make up 20% of revenues. At its current valuation, the company represents an attractive investment opportunity.
- The document discusses DB Corp Ltd, an Indian media company focused on print media. It provides an overview of the company, its financials, and an analysis of why it is a good long-term investment.
- Warren Buffett's views on newspapers are summarized, noting that while print circulation and advertising are declining overall, local newspapers can remain valuable by providing indispensable local news and information to their communities.
- The document argues that within India, DB Corp is well positioned due to the continued growth potential of the Hindi print media market, the company's strong brand and readership, and attractive valuation.
NBCC Ltd is an Indian construction company that provides project management consultancy (PMC) services to government projects. It has a large order backlog and growth visibility. The company has a strong track record over 10 years and generates high returns. However, the stock trades at low valuations due to concerns over contingent liabilities, capital allocation, and potential policy changes. The analyst believes the stock is undervalued due to its large cash balance, high returns, and growth opportunities in real estate development.
- Shriram City Union Finance Ltd (SCUF) is recommended as a buy opportunity, with a maximum portfolio allocation of 2%.
- SCUF operates in the growing MSME lending space in India, which is underserved by formal lenders. SCUF is well-positioned to scale its MSME lending business significantly over the next 3-5 years due to structural growth opportunities in this market.
- SCUF has a track record of strong financial performance over the last 5 years, with returns expected to remain high due to its focus on the large MSME lending opportunity. This positions the stock to deliver multibagger returns for long term investors over the next 5+ years.
Bajaj Finserv Ltd is a financial services company engaged in life and general insurance, consumer finance, and other financial services through subsidiaries. It is seeking to accumulate a 6-8% position in Bajaj Finserv over 3-5 years due to its strong competitive advantages and management. The company has grown through prudent capital allocation and has opportunities from growth in the Indian insurance industry, which is still underpenetrated despite recent slowdowns. It has a strong balance sheet and caters to a wide range of financial needs through aggressive subsidiaries.
This document summarizes an investment analysis of Bajaj Finserv, an Indian financial services company whose main operations and most of its profits come from its insurance subsidiaries, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance. These insurance businesses have highly efficient and profitable underwriting operations that generate large amounts of low-cost capital. While Bajaj Finserv's stock is currently undervalued due to its holding structure and lack of attention from investors, the analyst believes the insurance subsidiaries can continue growing profits at double-digit rates, creating high returns for shareholders in the long run. At its current low valuation of less than 6 times earnings and 1.3 times book value, the stock provides
DB Corp Ltd is a leading newspaper publisher in India that operates newspapers in multiple languages. The document discusses DB Corp as an investment opportunity, providing an investment snapshot of the company, its financials, and the research desk's positive views. It believes DB Corp can deliver healthy risk-adjusted returns due to the attractive economics of quality newspaper franchises in India, DB Corp's excellent operational track record and growth, and attractive valuations given its quality. The research desk is bullish that regional newspapers like DB Corp still have a long runway for growth in India.
DB Corp is an Indian print media company focused on Hindi and Gujarati newspapers. It has grown organically over the past 15 years to become the largest print media company in India with a daily readership of 19.8 million across 14 states. The document discusses why DB Corp is a high-quality investment opportunity due to its attractive economics, excellent operational track record of aggressive expansion, and significant operational leverage that will drive earnings growth as the economy and ad market improve. DB Corp is still available at attractive valuations despite its quality franchise and management.
IL&FS Investment Managers (IIML) is an asset management company focused on the private equity industry in India. The document recommends buying shares of IIML, outlines a two-phase accumulation strategy, and presents the investment thesis that IIML has a unique business model in the growing Indian private equity industry that does not require capital for growth and pays high dividends. IIML manages over $3.2 billion in assets across sectors like infrastructure and real estate and has experience through multiple economic cycles.
- The document discusses Indiabulls Housing Finance Ltd, a large Indian mortgage financier. It provides an analysis of the company's strengths, governance issues, financial performance, and competitive positioning within the housing finance industry.
- While there are some perceived governance concerns around the parent company, the document argues these do not impact the mortgage business and that Indiabulls Housing Finance has a conservative balance sheet, strong profitability, and consistent financial performance.
- Based on the analysis, the document recommends buying Indiabulls Housing Finance, viewing it as undervalued relative to its quality and growth prospects within the Indian housing sector.
Bajaj Electricals is a multi-year compounding stock trading at reasonable valuations. The document discusses Bajaj Electricals' business overview, investment rationale, and financials. It recommends buying Bajaj Electricals, with an accumulation range of Rs. 160-180. Bajaj Electricals has a market capitalization of Rs. 19.58 billion and is a leader in appliances and lighting with a diverse product portfolio and strong distribution network. The company has demonstrated healthy financial growth over 10 years and is well positioned to benefit from India's growing middle class.
Tree House Education & Accessories Ltd (THEAL) operates in the high potential education sector in India. It is the largest self-operated pre-school chain in India. The document discusses THEAL's business model, financials, growth opportunities and investment rationale. It notes THEAL's strong execution track record, profitable business model, and potential to benefit from India's growing education spending and pre-school penetration. The analyst views THEAL as a high quality business with stable earnings and recommends it as a long-term buy idea.
Biocon is an integrated biopharmaceutical company based in India with four business divisions: small molecules and enzymes, branded formulations, research services, and novel molecules. The document discusses Biocon's business overview, growth opportunities in key therapeutic areas like diabetes and oncology, strong partnerships with large pharmaceutical companies, and promising pipeline of novel drug candidates. Biocon has a diversified business model and revenues, and is well-positioned to benefit from the large and growing biopharma industry globally.
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
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Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
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Dive into this presentation and learn about the ways in which you can buy an engagement ring. This guide will help you choose the perfect engagement rings for women.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
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Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
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4. VA Tech Wabag – Investment Snapshot
(as on July 31, 2013)
Recommendation :- BUY
Maximum Portfolio Allocation :- 5-6 %
Investment Phases & Buying Strategy
1st Phase (Now) of Accumulation :- 80%
Current Market Price – Rs. 400
Current Dividend Yield – 1.51%
Bloomberg / Reuters Code –VATW IN/
VATW.BO
Current Accumulation Range :- 350-400 Rs
BSE / NSE Code – 533269 / WABAG
VA Tech Wabag is one of the safe bets in the current Turbulent
market environment, where Midcaps are going through a severe
correction. Investors can make use of the current prices to build
a strong position in this Stock. Make sure that the majority of the
allocation to this stock is on front ended buying.
Core Investment Thesis :
VA Tech Wabag is one of those Big Bets on the structural growth
of Water Treatment companies. We believe that – VA Tech with a
Good Management, Clean Balance Sheet, Innovative
Technologies and Cost effectiveness is well positioned to
capitalize on the Huge opportunity which is looming.
Market Cap (INR BN / USD Mn) – 1040
/10.40 [1 USD – Rs. 61.0]
Total Equity Shares [Mn]– 2656.3
Face Value – Rs. 2
52 Week High / Low – Rs. 589 / Rs.403
Promoter’s Holding
FII
DII
Other Holdings
“ Specialists in discovering Multibagger stocks “
- 30.91%
-29.43%
- 20.60 %
-19.06%
5. Key Investment Highlights
1.) Presence in a scarce Resource Sector:- Company is in a space which is a scarce resource sector which requires
huge investments by the government thereby creating a huge opportunity for the company year after year.
2) Presence across the entire value chain: Company is present in the entire value chain in the water business
thereby providing a one stop solution unlike its peers who are mostly confined to a few segments in the value chain.
3.) Strong Capital Allocation :- The company has one of the best business models in the industry and has been at the
forefront of innovation in the industry thereby generating Returns on Invested capital of over 35%.
4.) Huge opportunity in desalination market :- The company has huge opportunity in the desalination space which
has not only been cost effective, but also takes care of the need for clean water which is a basic necessity.
5) Patents a key differentiator:- The company owns about 100 patents and this technological expertise differentiates
the company from its competitors and enables it to prequalify for high tech projects apart from being cost competitive
in bidding for projects.
6.) Strong & Healthy Balance sheet :- Company has a very strong balance sheet that helps the company to look for
acquisitions and also bid for Big projects without the problem of Capital availability.
7.) Tie up with sumitomo to help enhance bid for bigger projects :- Company has made JV with sumitomo
corporation which helps the company to bid for projects in the PPP mode which are bid on BOOT mode spanning 20-25
years. This is inline with the company’s model of being an Asset light operator.
8) Robust overseas subsidiaries performance:- The company’s overseas subsidiaries performance has been robust
with order book rising from Rs.10.6Bn in FY10 to about Rs.14 Bn in FY14 thereby diversifying their India business.
9.) Management/ Corporate Governance :- The company has a good management and adheres to strong
corporate governance norms. The company is run professionally by a team of professionals who have a strong
understanding of the business and have a strong vision about building the business.
10.) Compelling Valuations :- In spite of so many advantages, the company is quoting at very attractive Valuations.
The company is quoting at 11X its trailing FY13 Earnings which is very attractive for the Quality of this stock which has
strong free cash flows and order book providing good revenue visibility..
“ Specialists in discovering Multibagger stocks “
6. Industry Opportunity & Potential
- An Overview
“ Specialists in discovering Multibagger stocks “
7. Global Water Market overview
• As per global water resource
estimates the demand for
water is growing at 2%.
• In 2011, the global
commercial water market is
estimated to be around
USD360 Bn.
• The market has been growing
at the rate of 5% and this is
expected to go up considering
the demand supply
environment.
• By 2030 the demand supply
gap for water would be about
40%, necessitating investment
in water for augmenting the
supply going forward.
• The growing global economy,
improving life style and demand
for the scarce resource are
compelling governments to
invest more in providing water.
“ Specialists in discovering Multibagger stocks “
8. Global Water Market Demand
• The global water market has huge demand, with about 783 million people globally have no access to clean
drinking water and about 2.6 Bn having no access to sanitation.
• There is manifold increase in fresh water demand across industries ranging from Agriculture,
Manufacturing to Domestic uses which is likely to further strain the availability of scarce resource.
• Not withstanding the global slowdown the global water market represents USD500 Bn growing at 7% well
above the global growth rates across various sectors.
• By 2020,the water industry could be worth USD one trillion marked by robust growth coming out of water
treatment, water management, water infrastructure and supply segments.
“ Specialists in discovering Multibagger stocks “
9. Indian Water Market overview
• The Indian market for water is
estimated to be about USD
5.9Bn last year.
• According to global water
resource estimates, demand for
water in India is estimated to
be growing at 2.8% per annum.
• By 2030, demand for water is
expected to be 1498 Bn CU
cubic meter while supply would
account for about 744 Bn CU
cubic meter which leads to a
massive demand supply gap of
about 50%.
• Water being a prime necessity
would require expenditure
towards recycling of water and
its reuse, sewage and sludge
treatment and desalination.
“ Specialists in discovering Multibagger stocks “
10. Indian Water Resource Market
• The Industrial sector accounts
for about 50% of water
treatment market and the rest
is accounted by the municipal
sector in India.
• Water market in India is
expected to grow by about 1012% per annum. The drinking
water and industrial segments
are expected to grow by 18%
per annum.
• The size of the Indian water
market is expected to be
around USD15 Bn over the
foreseeable future.
• A combination of scale and
growth makes this market
highly lucrative for water
management project
companies.
“ Specialists in discovering Multibagger stocks “
11. Huge Opportunity in the desalination space
• VA Tech wabag has a strong presence in the desalination space and has won major orders in both the
domestic and International market.
• VA Tech wabag has won a 191 MLD desalination plant in Oman. Wabag along with Cadagua (Spain)and
Gulfar (Oman) have been awarded EPC and O&M of the project and it is to be executed in 24 months.
• VA Tech wabag has completed the Chennai desalination plant which takes care of the requirement of
Chennai to the extent of 10-12% of its overall needs.
• The desalination capacity at Chennai is expected to reach 5350 MLD in 2018 from the current 900 MLD
growing at a CAGR of 30%.
“ Specialists in discovering Multibagger stocks “
12. Huge Government Spending provides Opportunity
• According to a recent high powered expert committee, CAPEX expenditure on water supply for the next 20
years is estimated at Rs.3,20,908 Cr translating into an opportunity of about Rs.16,000 Cr per annum.
• The operation and maintenance expenditure on water supply is pegged at Rs.5,46,095 Cr ( Rs.27,000 Cr per
annum) based on various Research projections.
• While implementing the projects is the key - it is believed that, if a suitable percentage of the cost of
infrastructure development is recouped through collecting water charges , then many of these projects will
remain viable and also Repair & Maintenance work would be taken care of.
.
“ Specialists in discovering Multibagger stocks “
13. VA Tech Wabag – Business Overview
“ Specialists in discovering Multibagger stocks “
14. VA Tech Wabag – A Snapshot
• VA Tech Wabag is a
leading multi national
player in the water
treatment industry with
strong operational
performance and
execution skills.
• The company provides a
range of EPC and O&M
solutions for processing
drinking water, treatment
of sewage, effluents,
sludge and also
desalination plants.
• VA Tech Wabag provides services to Institutional clients spanning across 3 continents. It also provides
solutions to corporate in water treatment in infrastructure sectors such as Steel, Power Oil & Gas etc.
• The company undertakes project orders under its two segments of EPC division and Operation &
Maintenance division.
• The company’s EPC division accounts for about 86% revenues while the operation and maintenance
division accounts for the remaining 14% revenues.
“ Specialists in discovering Multibagger stocks “
15. Flexibility across variety of Contracts
• In standalone EPC contracts - the
company is responsible for design,
engineering, procurement and
construction of the plant.
• In the Design, Build and Operate
contracts(DBO) it is responsible for
design and construction of the plant as
well as O&M activities.
• In BOOT the company is responsible
for design and construction of the
plant. The company operates the plant
after the stipulated period in the
contract and then transfers it back to
the client.
• The O&M contracts of the company
fall in categories like DBO,BOOT and
TOT. The company refurbishes the
already operational plant and
undertakes its O&M activities under
TOT.(Transfer, Operate, Transfer
Contracts)
“ Specialists in discovering Multibagger stocks “
16. Porters Five Forces Model
Bargaining Power of Buyers
(Moderate)
Few dominant buyers
Threat of backward integration is low
Switching cost are high
Bargaining Power of Suppliers
(Moderate)
Lower number of projects
Dilution in prequalification
norms
Industry Rivalry
(High)
Industry is fragmented
Project cancellation prospects low
Product differentiation is low
Exit Barriers are high
Threat of new entrants
(Low)
High capital requirement
Technical expertise
High prequalification norms
Threat of substitute products
(Low)
No substitutes available
Product differentiation is low
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17. Key Technologies of VA Tech Wabag
• An important highlight of its technical expertise is that - depending on the economical size of the
project it can offer customized solutions without compromising on quality owing to a wide array of
technological solution and patents which it possesses.
• The expertise enables the company to bid for big ticket size projects floated by multilateral institutions
which are often based on past experience of execution and financial strength.
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18. Presence in high growth markets
Major International Subsidiaries
- China
- Austria
- Switzerland
- Czech Republic
- Turkey
- Philippines
- Romania
- Saudi Arabia
- Oman
• The Company has operations in India, Austria, the Czech Republic, China, Switzerland, Algeria, Romania,
Tunisia, UAE, Libya and Macau providing it a market presence in the Middle East, North Africa, Central and
Eastern Europe, China, India and the South East Asia.
• Its presence in various countries helps it to identify and evaluate projects in new jurisdictions effectively,
establish client relations, understand local markets, culture and requirements, procure raw materials locally
reducing currency risks and meet client expectations efficiently .
• The company recruits labour in the local country which enables them to tap local talent who possess better
domain knowledge. Its presence in the International market has helped the company to diversify its revenue
base and insulate it from any slowdown in the domestic market.
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19. Strategic Business Units
• VA Tech Wabag strategic business units consist of 1) Municipal Business Group (MBG) & 2) Industrial
Business Group(IBG).
• MBG provides water and sewage waste water treatment solutions to municipalities and Government
organizations. These contracts typically have longer durations of 5-7 years thus providing steady revenue
streams for the company.
• Apart from focussing on the municipal segments in India, VA TECH WABAG has also begun to increase its
presence in the Industrial segment. The growth for IBG segment would be primarily from two sectors i.e.
Power sector, Refinery and petrochemicals.
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20. Domestic Vs Global Operations
• VA Tech’s domestic business is
generally skewed towards large
big ticket contracts that are
generally funded by multi-lateral
institutions like the World Bank
and the IMF.
• VA Tech wabag has presence in
Municipality, Industrials,
Operation and maintainece and
desalination.
• In the International business the
company focuses on projects
which are small to medium ticket
size and it has presence in some
of the fastest growing water
markets in the world.
• The company plans to reduce its
cost of its global operations by
shifting from centralized high cost
operation to decentralized low
cost operation.
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21. Corporate Structure
• VA Tech has a strong corporate structure which allows to it have flexibility to operate in different markets
and also to combine the strengths of the consolidated group as a whole.
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22. VA Tech Wabag – Investment Rationale
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23. Key Highlights
Huge Opportunity
Attractive Price
VA Tech Wabag is currently trading
at around 5X EV/ EBIDTA multiple
which is pretty cheap for a Business
which can grow at a healthy clip.
Water Treatment is a big structural
opportunity for the next several
decades and VA Tech Wabag is one of
the best poised companies which can
capitalize on this Big opportunity.
VA Tech
Wabag
Strong Moats
Company’s Brand, Patents, Project
track record, Management and
Focus allows it to out beat
competition in its space and bid
aggressively without
compromising on its Profitability.
Good Management
Clean Financials
VA Tech Wabag is one of the few
professionally managed Indian
MNC company. Management has
displayed Credibility as well as
aggressive entrepreneurialism.
Cash constitutes 30% of the
company’s current Equity Value. It
has an unleveraged balance sheet
giving it space to grow aggressively.
Margins also seems to be on an
expansion mode.
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24. Presence across the entire Value Chain written p
IC’s gross
• VA Tech Wabag offers a
complete range of
solutions in the water
treatment space with
presence in sewage water
treatment, drinking water
treatment, industrial
water treatment,
industrial waste water
treatment, desalination
and water recycling.
• The company’s presence
in all key major segments
across the entire value
chain with high
technological competence
is a moat to the company.
• VA Tech’s project
execution capabilities
across Complex projects
helps it bid for High
Margin businesses.
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25. Strong Order Book & Execution Track record
• VA Tech Wabag has an order book of Rs.42.8 Bn which provides revenue visibility for the company over the
next 2-3 years time frame.
• The company has Framework orders of about Rs10.9 Bn which will help the company to grow its order
book further.
• The company expects order in take to be about Rs.26 to 27 Bn which will result in a healthy growth of
about 20-25% YoY.
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26. Order in take in FY13
• VA Tech Wabag recorded an order in take of Rs.2154.9
Cr excluding frame work contracts. This augurs well for
the medium term prospects of the company.
• The share of municipal order in take in FY13 was at
Rs.906 Cr which constituted about 42%, while the
share of municipal order in take in FY13 was Rs.1248.9
Cr which constituted about 58%.
• The company’s EPC order in take continued to
dominate the order in take with 83% constituting
orders to the tune of Rs.1782 Cr while the remaining
order in take was at 17% for O&M segment constituting
about Rs.372.9 Cr.
• The Company has frame work order to the tune of
about Rs.333.9 Cr in FY13 which can help the company
to add on its Order book going forward.
• The Order Book is well spread and hence the Risk to a
single segment is not present.
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27. Innovative Technology reduces cost and induces Demand
•Desalination refers to the processes that remove salt and other minerals from saline water.
• The high cost of desalination had prevented adoption of this technology thus far. But with the introduction
of reverse osmosis technology, the cost of desalination has come down dramatically resulting in the
Technology being a viable cost alternative solution across the Globe.
• The process of desalination is expected to double by 2025 due to its cost effectiveness and this will help in
meeting the demand for safe water.
• VA Tech Wabag is likely to benefit due to its technological strength in this area and also the successful
execution of such Desalination projects.
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28. International Order Book Trend
Year
Domestic Order
Book
International
Order Book
Total
% Contribution from International
Order Book
FY09
1271
916
2187
41.88
FY10
1934
926
2860
32.38
FY11
2521
909
3430
26.50
FY12
2452
1279
3731
34.28
FY13
2880
1400
4280
32.71
• VA Tech Wabag’s International order book has been consistently around 30-40% of its total order book over
the past five years.
• The International order book was around Rs.916 Cr in FY09 and has grown to about Rs.1400 Cr in FY13
growing at a CAGR of about 11.19%.
• The company has secured good amount of overseas orders and has bagged a maiden order from the
Peoples Republic of China and this gives a good opening for future Orders.
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29. Asset Light Business Model
• Unlike its peers VA Tech Wabag, works on an asset light model wherein it outsources the entire civil and
plant manufacturing works.
• The focus of the company is on its core strength of design, technology and project management skills
which negates the need to necessarily invest on long cycle of working capital requirements.
• This outsourcing of non-technical areas helps the company to enhance its project execution skills apart
from ensuring cost competiveness there by improving its operating margins.
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30. Robust Patent & Process
• VA Tech wabag has over 100 patents and three major research centers in Austria, Switzerland and India.
Availability of a variety of Technologies helps the company to bid across a variety of projects across countries
according to the needs of that particular project.
• Important highlight of its technical expertise is that - depending on the economical size of the project ,it
can offer customized solution without having to compromise on quality, owing to wide array of technical
solutions and patents. The company is also consistently investing to boost its Innovating capability.
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31. Lower Working Capital Requirement
• VA Tech Wabag’s working capital
days decreased from 140 days in
FY12 to about 131 days in FY13.
• The net working capital days for
FY13 was at about 66 days
excluding cash & equivalents.
• VA Tech Wabag’s receivables and
payables are well under control
compared to last year.
• Company derives around 40-45%
of turnover during Q4 of every year
due to the nature of the business
where payments are realized only
during the last quarter.
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33. Clean Balance Sheet & Attractive Valuations
• VA Tech wabag’s working capital is around 30% of its revenues, which is marginal when compared to other
infrastructure companies which have about 50% of its revenues struck in the form of Working Capital.
• The company is available at a EV/EBIDTA of about 4.6x which is very cheap considering the long term
potential of the sector and the company.
• The company has grown its revenues at a CAGR of about 16% during the past 7 years, backed by strong
order book and excellent execution track record.
• The company generates cash from Operations of Rs.100 Cr which points to the strong business model to
throw cash and maintain an unleveraged balance sheet.
• The company is debt free due to its asset light business model and outsourcing of its non core activities will
help it to reduce cost and lower its working capital requirement.
• The company has ROIC of 30%+ and is available at attractive valuations of 1.5x Price to Book.
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35. Earnings Projection
Particulars (Rs Cr)
Net Revenue
% Growth
FY11
FY12
FY13
FY14E
FY15E
• VA Tech wabag’s revenues are
1,241.82 1,443.52 1,618.85 1877.87 2178.32 expected to grow by 16% in FY14
& FY15 driven by robust order
16.24
12.15
16.00
16.00 book and order book execution .
13.24 • VA Tech wabag has EBITDA
margins of about 9%. We
Total Income
1,291.09 1,433.64 1,622.42 1891.11 2191.56 conservatively estimate EBITDA
margins of about 10% in FY14
Operating Expenditure 1,176.23 1,313.52 1,463.90 1690.08 1960.49 and FY15.
Other Income
6.69
15.07
13.24
13.24
114.86
130.00
155.0
187.79
9.25
9.01
9.57
10.00
21.47
25.46
22
18.78
9.98
8.59
10.9
14.08
PBT
83.41
95.95
122.04
168.16
PAT
51.80
73.13
90.30
110.99
EPS
19.9
27.9
34.1
41.91
EBITDA
EBITDA Margins(%)
Interest
Depreciation
217.83 • VA Tech wabag is likely to report
PAT of Rs.110.99 Cr in FY14 and
10.00 127.35 Cr in FY15 with an EPS of
Rs.41.91 and Rs.48.09 in FY14
21.78 and FY15 respectively.
16.34
• VA Tech wabag EPS is likely to
192.95 record a growth of about 23%
and 15% in FY14 and FY15
127.35 respectively.
48.09
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36. Concerns & Reasoning
1.) VA Tech Wabag’s municipal clients contribute 66% of revenues :
Order Book as of Mar 31, 2013 (INR 42.8 bn) and relies substantially on municipal clients for its revenues.
Any delay, termination or cancellation could adversely affect its results of operations. Company relies heavily
on government business (centre, state, municipal bodies, PSU’s) and entities funded by multilateral aid
agencies. Many of the projects are government sponsored and are often subject to delay. Of the order book
at both the consolidated and parent levels 59%, is attributable to municipal clients and 31% to industrial
clients. This may also create a Working Capital problem for the company in the future.
2.) Client concentration Risk :
At present, VA Tech wabag derives a substantial portion of its income from a limited number of large
clients. Cancellations by any of these clients will have a significant impact on business. Events such as change
in management, mergers and acquisitions, change in government in the local and international market and
political scenario or lack of funding by the government may lead to order cancellations which exposes the
business to risks.
3.) VA Tech Wabag is subject to liquidated damages under its EPC and O&M contracts :
VA Tech Wabag provides performance guarantees to its customers, which require it to complete projects
within a specified timeframe. Failure to complete a project as scheduled, or in case of a performance
shortfall in the quality and quantity of water or waste water treated, it could be liable to pay penalties in the
form of agreed liquidated damages, which usually average about 10% of the project cost. Further, any
inability to complete these projects in a timely manner could adversely affect its reputation and hence its
growth prospects.
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37. Price Chart
Jun
Mar
Dec
Sep
• VA Tech Wabag had been volatile during the past 2 years
and had hit a high of Rs.722 before correcting strongly in
line with its Peers.
Share Holding %
2013
2013
2012
2012
Promoters
30.91 30.91
30.92
FII
29.43 30.82
30.37
30.93 • The Stock has exhibited volatility typical of any mid cap
stock considering the low liquidity in the stock.
31.72
DII
20.60 20.45
20.76
Others
19.06 17.82
17.95
• The promoter holding is stable and the significant FII
17.94 holding can put additional pressure on the stock in case of
a broad based FII pull out.
19.41
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39. Conclusion
When one thinks of a professionally managed Indian MNC in the Midcap space, VA Tech Wabag would be
one of the top names which comes to our mind. While the sector may currently be facing some strains, the
structural demand for Water Treatment looks great supported by, several data points across the globe. VA
Tech Wabag is not one of the regular contracting companies which is currently available cheap, it is a Market
Leader in its own right.
VA Tech Wabag’s combination of its In-House Technology prowess with contracting skills of a local
Operator, helps the company to bid for Indian Water Treatment projects at a cost which is far lower than its
peers who depend on Foreign Collaboration for technology. Company’s execution is also fast with its HandsOn approach, leading to better timelines and hence better margins, even on competitive bids helping the
company create a strong Competitive advantage.
The company is also using its Engineering ability in India to help it to bid for foreign location projects at a
lower cost. The standardization helps it to be competitive and with subsidiaries across the Globe, the
company is well positioned in most big Water Treatment markets. The company is current quoting at a
substantial discount to its IPO valuations in spite of performing strongly over the past few years. The
Business is available at a price lower than its Intrinsic value based on various valuation parameters.
VA Tech Wabag’s consistent focus on Water Treatment projects has helped it to build a strong
expertise in a Niche domain. Water Technology in itself is a Specialized business which uses Safe
Technology, considering the fact that it affects Human lives. This along with its Unique asset light model
makes the business, share holder friendly in terms of Returns on Capital. With the added advantage of the
buying the business at a cheap cost, we believe that a Long Term Investor has a good probability of
generating Multibagger returns from this Stock.
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