Author: Harsh Doshi

Page Industries – 90 PE is not expensive – Cartica Capital (Part 3)

Part 1 – Interview

http://www.analyseindia.com/page-industries-90-pe-is-not-expensive-cartica-capital/

Part 2 – Cartica Capital Starts Selling

http://www.analyseindia.com/page-industries-90-pe-not-expensive-cartica-capital-part-2/

Part 3 – Selling Continues

Ever since Cartica Capital mentioned Page Ind is not expensive at 90 PE, they have been consistently selling the stock every quarter

Looking further at the Shareholding pattern of Page Industries we came across that holding of Cartica Capital has come down from 6,84,058 shares to 3,81,489 shares between June 2018 to June 2019. Share price of Page Ind. In June 2018 was 27814 . It made a high of 36335 in Aug 2018. And CMP is around 20420

As per latest announcement on stock exchange, Cartica Captial holds 332,338 shares representing 2.98% of shareholding

Source :

https://www.bseindia.com/xml-data/corpfiling/AttachLive/B6DDF6F9_05C9_49CC_9DE2_AE20699E042A_180608.pdf

Price Chart

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Historical Shareholding Details of Cartica Capital In Page Industries

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Source : Trendlyne.com

Hotel Industry Trend

Cycles in Indian Hotel Industry

Room Demand vs Supply CAGR

Domestic Tourists vs Foreign Tourist Arrivals

RevPar Growth vs Ebitda Margin

RevPAR Trend -

YoY RevPAR Growth Trend -

Foreign Tourist Arrivals in India -

Domestic Demand Momentum

Aggregate Revenue Growth Trends

Quarterly Revenue Trend

Quarterly OPM and NPM Trend

Ebitda Margins

Supply vs Demand of Rooms Projections

 

Data Source 1  : Edelweiss Research

Data Source 2 : ICRA

Interesting Charts from Brokerage Reports

Broking Houses : Active Customer Base

Source : HDFC Securities

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Broking Houses : Volume Market Share

Source : HDFC Securities

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Cement Prices : M-o-M  Change in (%)

Source : Reliance Securities

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Cements : Segments Driving Demand

Source : Trust Group

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Cement : Capacity Chart

Soure : Trust Group

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Residential Property : Prices of Key Cities

Source : Kotak Institutional Equities

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Interesting Charts from Brokerage Reports

How HSAW, DI and PVC Pipes are used in Water Transportation

Source : Narnolia

Mode of Logistics Transportation in India

Source : Dalal and Broacha

Market Share of Lubricants Players

Source : Yes Securities

Home Textiles - Companies presence across Value Chain

Source : JM Financial

Welspun, Trident and GHCL are fully integrated players, Indo Count
and Himatsingka are partially integrated

Airline Fleet Strength

Source : Stewart and Mackertich

Per capita cement consumption across world

Source : SKP Research