@@ibrs6809 Actually, I’m more bullish on component manufacturers like the ones you mentioned - PGEL, Amber, Epack, etc. I’ve already covered them in Q1 and Q2, which you can check. I’m now waiting for their Q3 updates.
Can you please also analysis Manoj Vaibhav, Motisons, Tbz & Radhika jewellers? I am very happy to see your detailed videos. Awaiting response from you.
If there's no typo in PNG update, then it shows lack of disclosure they should have disclosed refinery and bullion numbers also which might have degrew by huge margin This reminded me of Poonawalla in Q2😂 Anyways i have dropped mail to PNG IR, i will wait for their response of full results to sale Still their PAT might grew north of 30 percent if refinery and bullion sales degrew
@@thespurslad Haha.. bol skte ho. Ye clarification toh dena chahiye that how did their consolidated revenue grow by just 24% when retail sales grew by 42%? Since e-commerce also grew by over 90%, why didn’t they release the bullion sales numbers or disclose the figures that impacted their overall growth? Yes, PAT might grow above 30%, but the deal still wouldn’t be as lucrative compared to Kalyan unless they start at least matching Kalyan’s performance. Let’s see what the management says in the concall.
@@AJ.Aakashjha bro maine abhi check kiya PNG Investor relation se, 24% correct number hai, no typo 😂 Honestly I am disappointed with the lack of disclosure, feel that half truth is dangerous than lie
@thespurslad ye toh part h game ka. Srf high PE ni, low PE ya so-called undervalued stocks me b correction aa rha h. Ye normal h. Matter ye krta h ki top performer kon h ek space me. Higher reward usiko milega.
@@hemantdhumal8935 business ka scope samjo bhai aur fr khud decide kro. Ye sb k liye kisipe depend mat kro. Agr business ka scope acha h aur deal b achi h toh deko ki kya apne portfolio me space h iss stock ko hold krne ki. Valuation bdh jrur gya h pr jo plan aur guidance h management ka usko dekte hue deal abi b bahut acha lgta h. Baki sbko apne risk-reward aur portfolio k according dekna h.
Good video brother! Management ne waise bola the ke going forward non-retail sales ko decrease krne ka try krenge. Ecom bhi kaafi acha kiya. agr hum 20% share bullion sales ka maan ke chalein toh mtlb 24% ka de-growth hai is part of the business mein. Something’s not adding up toh dekhna hoga full result kya aata. Lekin margins improve honge and PAT growth 30%+ ho skta easily, us hisaab se ye aur sasta ho jayega. I hope ke jo numbers report kiye hain wahan typo ho. shayad 42 ki jagah 24 diya ho😌😂
@@akashchoudhary9657 Ha non-retail km krne ka guidance last quarter me he diya ta. Aur Update bura ni h pr pura perspective deke toh Kalyan se bahut khrab h. Next year se margin expansion ka bola h aur operating leverage b milega toh PAT growth above 30% rehna chahiye wse. Dekte h baki. Result aur concall k bad he pura clarity milega. Pr based on the latest update, we know who deserves our fresh capital the most. Agr typo hua aur result me 40% dikaya fr toh Kalyan k stock ko punish krna chahiye😅
@@Baljiagrawal yr Carysil ko track kiya ni kbi. Aur ABFRL me zero interest h. Loss making company with average top line growth. V2 Retail vgera ko chhod k q he focus kre ispe abi. Aur bahut better options h.
@@MukulYadav-hv2cc Yes, they mentioned this in the last concall. Pr kb tak krega ye clear ni h. Plus, ye 42% ka growth in retail fr b 24% growth overall smaj me ni aa rha. Non-retail ne kitna underperform kiya h pta ni. Let's see, what the management clarifies in the concall. Pr abi toh second best option h Gadgil. Kalyan has regained its No. 1 position.
@@PratikPatil-fl7pk see, Sky Gold is a manufacturer while these are retailers. Sky Gold can be compared to RBZ. Additionally, Sky Gold and RBZ don’t provide business updates like these retailers, they directly release their results. So I’m waiting for their Q3 results now.
I think PAT will grow north of 50 pc because of change in retail to bullion sale , retail sales mix is estimated to have increase from 65:35 to 75:25 and the overall operating margin should see a jump from 4.6 pc to 6 -7 pc ; result might surprise everybody : stock has also not reacted very negatively to this update which was expected by everyone ; maybe market know something which we are missing
@@bibhorhalan8479 I’m not sure if they’ve provided guidance on changes to the mix for this quarter. Regarding margins, the management had indicated that margins would start improving next year as the newly opened stores begin contributing more to the overall business. This update isn’t bad but when compared to Kalyan, it seems average. That’s why Kalyan is the first choice at the moment. As for PAT, I agree that Gadgil’s PAT growth could easily exceed 30%. Baki dekte h, agr result me positively surprise kiya aur management ne commentary aur acha diya toh Gadgil dobara first preference bn jaega iss space me.
@ As per my estimate , their bullion revenue would be 30-35 pc of overall revenue last year and operating margin of retail business would be 6/7 pc and bullion would be 2/3 pc and blended operating of 4.6 pc With this hypotheses , out of 1940 cr of top line in Q3 FY24 , retail would be 1240cr and bullion 700 cr , blended operating margin was 4.6 pc ( assumed 6 pc for retail and 2 pc for bullion ) For Q3 FY 25 , My estimation is overall at 24 pc growth , they would have done 2420 cr of top line , with non bullion growth at 50 pc and bullion de growth of 10 pc ( 1800 cr non bullion and 620 cr of bullion ) with blended operating margin of 6 pc ( 7 pc for non retail and 2 pc of bullion ) ; with this number their operating profit might be 144 cr and Pat of 86 cr , growth of around 55-60 pc in both operating profit and PAT .
Hii bro...Kalyan has Roe of 15% isnt that an issue when growing at double the pace,i mean how will they be funding their business.Apart from more margin diamond business.Thanks bhai this dobut is giving me unclear picture.
@@AJ.Aakashjha sir ji sky Gold mai kuch problem to nahi hai na abhi? 1900 share hai 390 ke price pe bonus se phle liya tha but ab loss mai hai to 1-2 year ke liye rakh sakte hai kya according to your views? Pls btaiye air
Last quartwr मे gadgil ने अच्छा number लाया लेकिन मार्केट ने उसे धो डाला.. अब performance 47 से घटकर 24% growth आया तो क्या होगा भगवान जाणे.. और पिछले quarter मे gadgil ने 47% growth rate लाया था तब् non retail का % का क्या stat था?.. ये retail, non retail ने बहोत confuse किया है.. यार
@@ibrs6809 Looking at the growth numbers of retailers, Sky Gold should certainly meet or even surpass their guidance. Titan, Kalyan, and Gadgil all grew above 25%, and they are all clients of Sky Gold. So yes, I’m very excited about their Q3 results, and I would be shocked if they deliver anything less than 80-90% growth.
@@onlychristianity. consolidated growth 24% h aur retail store ka sales 42% grow kiya. Inka 30-35% business non-retail se ata h. Mtlb e-commerce + bullions vgera jo ye refineries ko sell krte h. Ab E-commerce toh 90% grow kiya almost pr ye bullion ka number Share ni kiya inhone, toh maybe whi underperformance ayi h. Isliye consolidated level pe growth 24% he aya. Inka guidance toh h ki non-retail revenue share km krege aage chl k ab dekte h. Result aur concall k bad he jyada clarity milegi.
Jewellery b2c space Q3 update Kaliyan is again best 39% Titan 26% Gadgil 24% Senco 22% Gadgil I expected a lot but I didn't like it that much 3 Store add Q4 guidance but mujhe aacha nahi laga I'm Again add kalyan
@AJ.Aakashjha I'm very lucky in last 3/4 months me apka or Rajarshi bhai ka video dekh kar hee sikh raha hu active investing me 3 month ho geya bussines, Quarterly results concalls dekhna suru kiya p2p analysis thankyou
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
Nicely explained brother keep it up👍
Hi Akash,
Great insight to play right 😉👍
Bro ekbar radhika jewel ko bhi track Karna
Please make a video on AC sector as well.
@@ibrs6809 Do you mean OEMs like Blue Star, Voltas, etc.?
@AJ.Aakashjha Yes, and also EMS players like PG electroplast, epack, virtuoso and amber
@@ibrs6809 Actually, I’m more bullish on component manufacturers like the ones you mentioned - PGEL, Amber, Epack, etc. I’ve already covered them in Q1 and Q2, which you can check. I’m now waiting for their Q3 updates.
Which jewellery stock is best to invest. Please suggest in one word. I am quite confusing.
Kalyan
@@surajramu4792 valuations?
Pc jewellery is better
Great analysis in detail.
Can you please also analysis Manoj Vaibhav, Motisons, Tbz & Radhika jewellers?
I am very happy to see your detailed videos. Awaiting response from you.
Jha-pana tussi great ho tohfa kabul karo❤
Hope Tomorrow Kalyan Jewellers Became In 🟢
If there's no typo in PNG update, then it shows lack of disclosure they should have disclosed refinery and bullion numbers also which might have degrew by huge margin
This reminded me of Poonawalla in Q2😂
Anyways i have dropped mail to PNG IR, i will wait for their response of full results to sale
Still their PAT might grew north of 30 percent if refinery and bullion sales degrew
@@thespurslad Haha.. bol skte ho. Ye clarification toh dena chahiye that how did their consolidated revenue grow by just 24% when retail sales grew by 42%? Since e-commerce also grew by over 90%, why didn’t they release the bullion sales numbers or disclose the figures that impacted their overall growth?
Yes, PAT might grow above 30%, but the deal still wouldn’t be as lucrative compared to Kalyan unless they start at least matching Kalyan’s performance. Let’s see what the management says in the concall.
@@AJ.Aakashjha bro maine abhi check kiya PNG Investor relation se, 24% correct number hai, no typo 😂
Honestly I am disappointed with the lack of disclosure, feel that half truth is dangerous than lie
@@AJ.Aakashjha High PE stocks ki pitai shuru hai 2-3 din se😂
@thespurslad ye toh part h game ka. Srf high PE ni, low PE ya so-called undervalued stocks me b correction aa rha h. Ye normal h. Matter ye krta h ki top performer kon h ek space me. Higher reward usiko milega.
Pg electroplast hold kare ya sell kare
@@hemantdhumal8935 business ka scope samjo bhai aur fr khud decide kro. Ye sb k liye kisipe depend mat kro.
Agr business ka scope acha h aur deal b achi h toh deko ki kya apne portfolio me space h iss stock ko hold krne ki.
Valuation bdh jrur gya h pr jo plan aur guidance h management ka usko dekte hue deal abi b bahut acha lgta h.
Baki sbko apne risk-reward aur portfolio k according dekna h.
@AJ.Aakashjha thank you sir
Merine electric le kar video banao...data center me accha kam kar raha hai
Good video brother!
Management ne waise bola the ke going forward non-retail sales ko decrease krne ka try krenge.
Ecom bhi kaafi acha kiya. agr hum 20% share bullion sales ka maan ke chalein toh mtlb 24% ka de-growth hai is part of the business mein. Something’s not adding up toh dekhna hoga full result kya aata.
Lekin margins improve honge and PAT growth 30%+ ho skta easily, us hisaab se ye aur sasta ho jayega.
I hope ke jo numbers report kiye hain wahan typo ho. shayad 42 ki jagah 24 diya ho😌😂
@@akashchoudhary9657 Ha non-retail km krne ka guidance last quarter me he diya ta. Aur Update bura ni h pr pura perspective deke toh Kalyan se bahut khrab h.
Next year se margin expansion ka bola h aur operating leverage b milega toh PAT growth above 30% rehna chahiye wse. Dekte h baki. Result aur concall k bad he pura clarity milega. Pr based on the latest update, we know who deserves our fresh capital the most.
Agr typo hua aur result me 40% dikaya fr toh Kalyan k stock ko punish krna chahiye😅
42 ayega to bhai maje hi maje
@@Prithviraj179 Haa, fr toh number1 position regain kr lega.
@@AJ.Aakashjhatyping mistake??? 24??
@@AJ.Aakashjhahold or sell?
pl cover transformer and rectfiers
Today I sold TARIL.
@@hitenshah9568 I don't track this space
Sir i have got some news about govt can increase custom duty in coming budget.
Do you have any information about??
Very nice analysis. Please make a video on carysil and abfrl.
@@Baljiagrawal yr Carysil ko track kiya ni kbi. Aur ABFRL me zero interest h. Loss making company with average top line growth. V2 Retail vgera ko chhod k q he focus kre ispe abi. Aur bahut better options h.
Png❤, kalyan roe is 15 and png 30% , valuation also good ....even it is small cap, so it's good bet png
Great ❤
Akash ji pl make a video on Goldiam a company engaged in lab grown diamond, whose demand is steadily picking up.
@@pranayjha8931 Hnji, Q3 ka result aane do isko b cover krege.
Sir emrald finance buy nhi hota hai kya kre
Emerald finance excellent results upper circuit bhai
@@hemantdhumal8935 periodic call auction me h, ye challenge rehta he h in stocks me. Daily try krna pdta h inme position build krne k liye.
Kalyan share gir raha h😢
Very well analysis
@@VickyThakur-m1o thanks🙏
Awesome work sir❤. Please make a video on q3 updates of Senco Gold
@@yugalpatil700 Yes, they just released the update. I’ll try to share it tonight.
Amazing Analysis As Always
Hence
Rating: AAAA
Sir kalyan itana girne ke bad bhi pe high hai kya is level pe sahi rahega kya ?
Bhai stock price down but but Growth rate not slow down Bazar per volatility tu hoga hiii
Management said they will reduce non retail in concall
@@MukulYadav-hv2cc Yes, they mentioned this in the last concall. Pr kb tak krega ye clear ni h. Plus, ye 42% ka growth in retail fr b 24% growth overall smaj me ni aa rha. Non-retail ne kitna underperform kiya h pta ni. Let's see, what the management clarifies in the concall. Pr abi toh second best option h Gadgil. Kalyan has regained its No. 1 position.
@@AJ.Aakashjha yes bro I am waiting for concall will book loss if management does not justify
Please can you do analysis for real estate player co like arkade developers
@@nivjain1468 I’ve tried tracking real estate before but it’s very complex. Their revenue recognition process is difficult to understand.
Please make a video pc jewellery
Thanks mere bhai
@@ravisingh1721 🙏🙏
Manoj Vaibhav gems and jewellers share is very low PE, open the new stores also. Can you please make one video on this one?
Today I booked half profit in RBZ. Thanks sir.
@@SunilYadav-tw5ck keep tracking 👍👍
Why didn't you add sky gold in this comparison?
@@PratikPatil-fl7pk see, Sky Gold is a manufacturer while these are retailers. Sky Gold can be compared to RBZ. Additionally, Sky Gold and RBZ don’t provide business updates like these retailers, they directly release their results. So I’m waiting for their Q3 results now.
@AJ.Aakashjha understood. Thank you 👍
Sky gold any update?
Why kalyan roe is lesser than titan.
Can you please analyse Manij vaibhav gems and jewellers and Renaissance global ltd stocks? These are for gold and jewellery stocks in low PE so.
Senco earning update aa gayi hai. Please make a video on it.
Revenue growth 22%,
Lowest in the jewelery sector, and same store sale growth also lower side 13-14%.
Kalyan Jewellers is the best....
@CorporateResults yes I have seen that I am very disappointed with its guidance of 19%-20% yoy growth.
Bhai mere pas senco gold hai jo mere buy price se 15% down hai. Abhi average karna Chahiye kya?
Pehle Q3 result ane do
Thank you!
@@indrajith1422 🙏🙏
Thanks for your efforts, iam holding pn gadgil 😂 ( small portion)
I think PAT will grow north of 50 pc because of change in retail to bullion sale , retail sales mix is estimated to have increase from 65:35 to 75:25 and the overall operating margin should see a jump from 4.6 pc to 6 -7 pc ; result might surprise everybody : stock has also not reacted very negatively to this update which was expected by everyone ; maybe market know something which we are missing
@@bibhorhalan8479 I’m not sure if they’ve provided guidance on changes to the mix for this quarter.
Regarding margins, the management had indicated that margins would start improving next year as the newly opened stores begin contributing more to the overall business.
This update isn’t bad but when compared to Kalyan, it seems average. That’s why Kalyan is the first choice at the moment. As for PAT, I agree that Gadgil’s PAT growth could easily exceed 30%.
Baki dekte h, agr result me positively surprise kiya aur management ne commentary aur acha diya toh Gadgil dobara first preference bn jaega iss space me.
@
As per my estimate , their bullion revenue would be 30-35 pc of overall revenue last year and operating margin of retail business would be 6/7 pc and bullion would be 2/3 pc and blended operating of 4.6 pc
With this hypotheses , out of 1940 cr of top line in Q3 FY24 , retail would be 1240cr and bullion 700 cr , blended operating margin was 4.6 pc ( assumed 6 pc for retail and 2 pc for bullion )
For Q3 FY 25 , My estimation is overall at 24 pc growth , they would have done 2420 cr of top line , with non bullion growth at 50 pc and bullion de growth of 10 pc ( 1800 cr non bullion and 620 cr of bullion ) with blended operating margin of 6 pc ( 7 pc for non retail and 2 pc of bullion ) ; with this number their operating profit might be 144 cr and Pat of 86 cr , growth of around 55-60 pc in both operating profit and PAT .
@@bibhorhalan8479 hold or sell?
Need to reduce my position in PNGJL... Bro, apart from these three - why Skygold is consistently showing weakness..???
Same …no movement last month
Sir motison jwellery track
Titan will beat the shit out of rest. Just wait and watch 😂
If their overall margins improved due to growth in retail then could they deliver better PAT? So many open questions, not good for investors.
Senco batao bro?
@@jhp-mu8jf Haa just abi Update aya h. I'll share it tonight.
Hii bro...Kalyan has Roe of 15% isnt that an issue when growing at double the pace,i mean how will they be funding their business.Apart from more margin diamond business.Thanks bhai this dobut is giving me unclear picture.
Senco Gold will just best Titan 😂 😂
@@iamspd10 Yes, Senco must achieve 25% now
@@AJ.Aakashjha sir ji sky Gold mai kuch problem to nahi hai na abhi? 1900 share hai 390 ke price pe bonus se phle liya tha but ab loss mai hai to 1-2 year ke liye rakh sakte hai kya according to your views? Pls btaiye air
@@AJ.AakashjhaThey didn't beat Titan😅, sabse bekar bet hai even though there is strong tailwind!
Last quartwr मे gadgil ने अच्छा number लाया लेकिन मार्केट ने उसे धो डाला.. अब performance 47 से घटकर 24% growth आया तो क्या होगा भगवान जाणे..
और पिछले quarter मे gadgil ने 47% growth rate लाया था तब् non retail का % का क्या stat था?..
ये retail, non retail ने बहोत confuse किया है.. यार
Sir please track iifl securities Ltd
Morning
🎉🎉🎉
❤❤
❤
What do you think about skygold, will it perform according to revenue guidance given or outperform given that titan posted very good results?
@@ibrs6809 Looking at the growth numbers of retailers, Sky Gold should certainly meet or even surpass their guidance. Titan, Kalyan, and Gadgil all grew above 25%, and they are all clients of Sky Gold. So yes, I’m very excited about their Q3 results, and I would be shocked if they deliver anything less than 80-90% growth.
@AJ.Aakashjha Any reason why skygold has fallen drastically and is struggling to hold 50 DMA after Bonus issue or is it just retail exiting.
PN gadgil ka growth rate 24% kaise? Jabki retailer growth 44% hai?
@@onlychristianity. consolidated growth 24% h aur retail store ka sales 42% grow kiya. Inka 30-35% business non-retail se ata h. Mtlb e-commerce + bullions vgera jo ye refineries ko sell krte h. Ab E-commerce toh 90% grow kiya almost pr ye bullion ka number Share ni kiya inhone, toh maybe whi underperformance ayi h.
Isliye consolidated level pe growth 24% he aya. Inka guidance toh h ki non-retail revenue share km krege aage chl k ab dekte h. Result aur concall k bad he jyada clarity milegi.
@AJ.Aakashjha thank you so much 🙏
@onlychristianity. 👍👍
Nice update
@@AJ.Aakashjharetail non retail confusion
Oveall 24% how possible? Please easy explain
Jewellery b2c space Q3 update
Kaliyan is again best 39%
Titan 26%
Gadgil 24%
Senco 22%
Gadgil I expected a lot but I didn't like it that much
3 Store add Q4 guidance but mujhe aacha nahi laga
I'm Again add kalyan
@@Prithviraj179 👍👍this is how active investing works. Our views must adapt to changes in a business's performance.
@AJ.Aakashjha senco ka bhi Q3 update aa geya
@AJ.Aakashjha I'm very lucky in last 3/4 months me apka or Rajarshi bhai ka video dekh kar hee sikh raha hu active investing me 3 month ho geya bussines, Quarterly results concalls dekhna suru kiya p2p analysis thankyou