मी किती स्टॉकस मध्ये invest करु? हा प्रश्न मला माझ्या मित्राने विचारला त्याला मी वॉरन बफेटचा विव्ह्यू सांगीतला. वॉरन बफेटच्या मते have all your eggs in few basket and watch them grow.
आता ह्या बास्केटस कशा शोधायचा? मागील लेखात basic research पाहीला. ह्या लेखात Reports पाहुया. रिपोर्टस हे तीन प्रकारचे असतात. तिमाही, अर्धवार्षीक व वार्षीक. सर्व public ltd कंपन्या हे रिपोर्ट (audited or unaudiated) leading news papers मध्ये जाहीर करतात. investment करतान ह्या रिपोर्टस ला नीट समजता आले पाहीजे. हे रिपोर्टस दोन भागात असतात. Income Stament and Balance Sheet. Income Statement is also called as Profit & Loss Account
मी Thermax Ltd चे P&L rewrite करुन ईथे मांडत आहे.
*** By writing down your assumptions and your goals, you'll create a benchmark that can help you see over time how the company is performing. If you've never done this in the past, you might want to start now.
* विक्रीची उलाढाल्- Analysis of Income statment starts at the top line. " Income From Sales" as that is the key of growth or decline of that company. We have to seperate the Income from sales from the Total Income. This will also help us "knowing" the sales trend better and will serve as basis for comparision within that indutry. In 1993 Air India registered Profit after many years and that was from "other income" मला पुर्ण कथा माहीती होती पण आता विसरली. थोडक्यात P&L मध्ये काय पहायचे ते माहीत असावे लागते. Thermax sales growth from 2004 to 5 is 59%.
* OpareTee.ng prOpheeT - phakt kharedee-vikreetun jhaalelaa naphaa. other income is not considered like income from investments etc. Only recurring items are taken into consideration
* Interest - As the name suggests Interest on various borrowings.
* Depreciation - reduction in a value of an asset. Its a Non-cash expense. cash profit/loss calculate करताना depreciation consider करत नाहीत.
* Cash profit PAT plus any all non cash charges, i.e., charges that don't entail actual cash outflow but they are only notional charges like depreciation, writing off preliminary expenses etc
* tax - I need not tell anything about it
* Earning Per Share (EPS)- this number is a good place to start. The EPS is the total net profit of the company divided by the number of shares of stock outstanding. But don't just look at the actual EPS and compare it to the expected EPS. Consider this if no. of shares outstanding for this year changes from last year then the EPS has to change so checkthe no. of shares and comapre it to the last statement.