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Vaishali Pharma Ltd IPO Message Board (Page 1)

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22. Jon snow |   Link |  Bookmark | September 20, 2017 7:22:12 PM
Worth investing under HNI ? Please advise.
21. Chandumench |   Link |  Bookmark | August 14, 2017 2:54:46 PM
Listing kab hai.....
20. dipak |   Link |  Bookmark | August 13, 2017 8:53:33 AM
Anyone have any knowledge regarding metropolitan stock exchange (msei) unlisted shares which are available at 2.5rs and what can b the future of the company....kindly suggest@septa eagle eye and all the knowledge person
19. DownriteVJ |   Link |  Bookmark | August 10, 2017 2:55:37 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
77%
18. DownriteVJ |   Link |  Bookmark | August 9, 2017 6:46:08 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
60% subscribed. Good.
17. PKP Gotka Mrt |   Link |  Bookmark | August 9, 2017 6:17:12 PM
Subscription report?
Vaisala Pharma and
Ashok masala
16. STOCKT |   Link |  Bookmark | August 9, 2017 1:50:20 PM
Pathetic .sales and profits decreasing and asking such high pe .not even worth 40 rs
Stay away
Also looking at such high subscription of recent sme not performing well this one doesn''t e even worth looking at
15. ANUJ TAHLAN |   Link |  Bookmark | August 4, 2017 9:20:36 AM
NEW IN IPO PLZZZ TELL ME ABOUT SME
WHERE I INVEST MY MONEY
IN WHICH IPO I CAN APPLY FOR GOOD PROFIT I HAVE LIMITED FUNDS
15.1. Mumbai DON |   Link |  Bookmark | August 4, 2017 6:10:26 PM (200+ Posts, 200+ Likes)
To enter in current market is little bit risky as u r new.so better go for mutual fund or sip .
14. Prabhakaran Kuppusamy |   Link |  Bookmark | July 31, 2017 7:24:18 PM (400+ Posts, 300+ Likes)
Pros:
ROE/ROCE is at PAR
Cons:
D/E is dangerously going beyond 6
Cash flow is mixed
Sales is decreasing gradually (but the net is increasing) - confusing

There is nothing positive about this issue.
Even if the issue price is below 50, I wouldn''t have subscribed to this.
14.6. SecTheta |   Link |  Bookmark | August 3, 2017 9:00:32 PM
Lexus apply and rest avoid
14.7. Hiro Devrani |   Link |  Bookmark | August 3, 2017 10:45:21 PM
Thank you sec theta sir
13. sento |   Link |  Bookmark | August 3, 2017 4:49:51 PM
Vaishali Pharma Ltd IPO good or not
12. Ankitxyz |   Link |  Bookmark | August 1, 2017 1:31:15 AM (300+ Posts, 300+ Likes)
Prabhakaran Kuppusamy

I completely agree with you, there is nothing positive about this company. The story of Radhika Jeweltech Ltd is likely to get repeated. There is negative growth in revenue,PAT,EBITDA and cash flows. Rational investors will not apply in this IPO.
11. Hiren K. |   Link |  Bookmark | July 31, 2017 7:49:57 PM
Upcoming SME IPO LEXUS GRANITO..on 9th Aug.
10. Prabhakaran Kuppusamy |   Link |  Bookmark | July 31, 2017 7:19:20 PM (400+ Posts, 300+ Likes)
Key operating ratios

Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      2.21      -      3.23      6.01      12.00
Book value(Rs)      12.90      64.09      64.70      61.47      55.46
CEPS(Rs)      3.03      6.80      12.20      6.80      12.60
NPM(%)      1.00      -0.04      0.17      0.25      0.51
OPM(%)      6.63      5.59      4.20      2.77      1.57
ROCE(%)      16.07      12.75      13.97      19.13      14.68
ROE(%)      18.67      -0.93      5.07      10.27      21.66
Debt/equity      6.22      7.16      6.95      4.86      3.47
Interest cover      1.32      1.00      1.04      1.23      1.95
9. Prabhakaran Kuppusamy |   Link |  Bookmark | July 31, 2017 7:19:04 PM (400+ Posts, 300+ Likes)
Cash flow analysis(Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      2.70      -      3.75      1.62      1.23
Operating cash flow      0.85      4.59      -3.72      -7.04      3.80
Free cash flow      0.86      4.67      -2.19      -6.56      3.81
8. Prabhakaran Kuppusamy |   Link |  Bookmark | July 31, 2017 7:18:49 PM (400+ Posts, 300+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      66.05      66.71      94.56      120.71      118.81
Operating profit      4.38      3.73      3.97      3.34      1.86
Net profit      0.66      -0.03      0.16      0.30      0.60
Equity cap pd      3.00      0.50      0.50      0.50      0.50
7. Prabhakaran Kuppusamy |   Link |  Bookmark | July 31, 2017 7:18:27 PM (400+ Posts, 300+ Likes)
Variance (Half Yearly)
Year      201703      201603      Var(%)
Type      Full Year      Full Year
Sales Turnover      66.05      66.71      -0.99
Other Income      1.06      3.18      -66.67
Total Income      67.11      69.89      -3.98
Total Expenditure      62.73      66.16      -5.18
Operating Profit      4.38      3.73      17.43
Interest      3.12      3.37      -7.42
Gross Profit      1.26      0.36      250.00
Depreciation      0.25      0.37      -32.43
Tax      0.36      0.04      800.00
Reported PAT      0.66      -0.03      N.A.
Dividend (%)      0.00      0.00      N.A.
6. Prabhakaran Kuppusamy |   Link |  Bookmark | July 31, 2017 7:17:59 PM (400+ Posts, 300+ Likes)
P & L Account(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Sales Turnover      66.05      66.71      94.56      120.71      118.81
Other Income      1.06      3.18      4.26      0.86      0.29
Stock Adjustments      -2.21      0.04      -4.83      2.80      -0.44
Total Income      64.90      69.93      93.99      124.37      118.66
Raw Materials      55.22      62.07      86.42      117.03      113.11
Excise Duty      0.00      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.00      0.00      0.00      0.00      0.00
Other Manufacturing Expenses      0.00      0.00      0.00      0.00      0.00
Employee Cost      1.58      1.56      1.85      2.00      1.19
Selling and Administration Expenses      0.00      0.00      0.00      0.00      0.00
Miscellaneous Expenses      3.73      2.57      1.75      2.01      2.49
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      4.38      3.73      3.97      3.34      1.86
Interest & Financial Charges      3.12      3.37      3.37      2.68      0.94
Profit before Depreciation & Tax      1.26      0.36      0.60      0.66      0.92
Depreciation      0.25      0.37      0.45      0.04      0.03
Profit Before Tax      1.01      0.00      0.15      0.61      0.89
Tax      0.35      0.03      -0.01      0.31      0.29
Profit After Tax      0.66      -0.03      0.16      0.30      0.60
Adjustment below Net Profit      -2.50      0.00      0.00      0.00      0.00
P & L Balance brought forward      2.70      2.74      2.57      2.27      1.67
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      0.87      2.70      2.74      2.57      2.27
Equity Dividend      0.00      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      2.21      0.00      3.23      6.01      12.00
Book Value      12.90      64.09      64.70      61.47      55.46
Extraordinary Items      0.00      0.00      0.00      0.00      0.00
5. Prabhakaran Kuppusamy |   Link |  Bookmark | July 31, 2017 7:17:35 PM (400+ Posts, 300+ Likes)
Balance Sheet(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Share Capital      3.00      0.50      0.50      0.50      0.50
Reserves & Surplus      0.87      2.70      2.74      2.57      2.27
Total Shareholders Funds      3.87      3.20      3.24      3.07      2.77
Secured Loans      17.24      15.29      15.83      15.77      6.81
Unsecured Loans      5.88      5.92      9.40      3.10      2.88
Total Debt      23.12      21.21      25.23      18.87      9.69
Total Liabilities      26.99      24.41      28.47      21.94      12.46
Gross Block      2.51      2.51      2.42      0.54      0.43
Less: Accum. Depreciation      1.36      1.11      0.74      0.29      0.25
Net Block      1.15      1.40      1.68      0.25      0.18
Capital Work in Progress      0.00      0.00      0.00      0.36      0.00
Investments      0.38      0.38      0.38      0.17      0.00
Inventories      1.15      3.36      3.32      8.15      5.34
Sundry Debtors      37.91      40.42      34.36      38.20      37.64
Cash and Bank Balance      1.07      1.05      1.01      1.01      1.80
Loans and Advances      2.99      2.82      5.05      5.30      3.62
Current Liabilities      16.96      24.69      17.18      31.21      35.91
Provisions      0.70      0.31      0.16      0.29      0.20
Net Current Assets      25.46      22.65      26.40      21.16      12.29
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00      0.00
Total Assets      26.99      24.43      28.46      21.94      12.47
Contingent Liabilities      0.34      0.38      0.32      0.32      0.32
4. Prabhakaran Kuppusamy |   Link |  Bookmark | July 31, 2017 7:17:04 PM (400+ Posts, 300+ Likes)
Capital History
Year      Equity Capital       Remarks
201705      4.615385        Loan Conversion
201703      3        Bonus Issue
201212      0.5        Loan Conversion
201003      0.1        Bonus Issue
200805      0.01        Subscriber to MOA
3. SecTheta |   Link |  Bookmark | July 31, 2017 12:03:57 PM
Loss in business last to last year and suddenly huge profit in last year (For IPO purpose only?)....
A BIG AVOID....Shame on Pantomath for bringing such companies to the market to trap innocent retail investors.
My Recommendation => STAY AWAY! Lots of better opportunities are in pipeline.