Do you know what is concall and how to get best out of company concall?
If you are ready to learn more and become better investor then this thread is for you🧵
Concalls or Conference calls are calls that Company’s management does with its investors generally every quarter
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If you are ready to learn more and become better investor then this thread is for you🧵
Concalls or Conference calls are calls that Company’s management does with its investors generally every quarter
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Companies generally put out Corporate Announcements stating that they are conducting concall & investors can join it on that particular date & time
Tools like @Tijori1 finance gives this information in organized way
Explore more here: technofunda.co
What next?
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Tools like @Tijori1 finance gives this information in organized way
Explore more here: technofunda.co
What next?
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What is the key purpose of concall from the perspective of analyst or investor?
It is to know better about future earnings growth and validate the thesis with what happened in the past...
In the below post i have given my framework called 4-cylinder model..
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It is to know better about future earnings growth and validate the thesis with what happened in the past...
In the below post i have given my framework called 4-cylinder model..
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Now when you attend any concall, you will observe that all questions are mostly around 4 pillars
1. Sales Growth
2. Operating Leverage
3. Margin Expansion
4. Debt Repayment
Let's take some examples
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1. Sales Growth
2. Operating Leverage
3. Margin Expansion
4. Debt Repayment
Let's take some examples
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On sales growth...
1. what is industry growth you are expecting..?
2. Are you gaining market share from your competitors?
3. What are your plans to launch new products?
4. Are you expanding in new geographies...?
Sounds familiar?
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1. what is industry growth you are expecting..?
2. Are you gaining market share from your competitors?
3. What are your plans to launch new products?
4. Are you expanding in new geographies...?
Sounds familiar?
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What's more...
On operating leverage...
1. What is the current capacity at which your plant is running?
2. What is the maximum output you can generate and what is current utilization?
This gives idea on earnings growth through operating leverage
And next...
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On operating leverage...
1. What is the current capacity at which your plant is running?
2. What is the maximum output you can generate and what is current utilization?
This gives idea on earnings growth through operating leverage
And next...
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On margins and debt..
1. What is your view on margin increase due to new high margin product launched recently?
2. Do you see an increase in OPM due to raw material prices cooling off?
3. What's current net debt on balance sheet and how are you planning to pay this?
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1. What is your view on margin increase due to new high margin product launched recently?
2. Do you see an increase in OPM due to raw material prices cooling off?
3. What's current net debt on balance sheet and how are you planning to pay this?
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There are also many tools which help you get information about what happened in the concall via providing its recording or transcript if you couldn’t attend the concall like Trendlyne
My detailed video on top tools for investing:
youtu.be
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My detailed video on top tools for investing:
youtu.be
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Trendlyne has YT Channel in which they upload almost every company’s concall recording in audio format
Link - youtube.com
You can also access transcripts on @screener_in which is an amazing tool for investors. You can now also find ppt there (bottom section)
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Link - youtube.com
You can also access transcripts on @screener_in which is an amazing tool for investors. You can now also find ppt there (bottom section)
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Sometimes company’s also provide concall recording themselves to investors via uploading it on corporate announcement or their Site
If you have so far not followed me on twitter...you can do it here @MashraniVivek
Want more? Let's take some examples..
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If you have so far not followed me on twitter...you can do it here @MashraniVivek
Want more? Let's take some examples..
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This is from Deepak Nitrite concall - case study on margin and sales growth understanding
Isn't it simple...
Let's take 2 more examples...
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Isn't it simple...
Let's take 2 more examples...
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This is from Titan concall...case study of expansion in new geography..
Super simplified..
1 more example after this...
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Super simplified..
1 more example after this...
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This one on operating leverage from PI Industries concall...
Btw if you have not yet watched my Agrochemical sector video, do watch here:
youtu.be
Hope you had an amazing learning...cheers...god bless...
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Btw if you have not yet watched my Agrochemical sector video, do watch here:
youtu.be
Hope you had an amazing learning...cheers...god bless...
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If you enjoyed this thread:
1. Follow me @MashraniVivek for more thought-provoking content to help you become better investor
2. RT the tweet below to share this with others who might enjoy it :)
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1. Follow me @MashraniVivek for more thought-provoking content to help you become better investor
2. RT the tweet below to share this with others who might enjoy it :)
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