Sadhan Investing

https://twitter.com/amitabhvatsya/status/1763125802801971407?s=19 Sadhan On latest Buzzing Recycling Stock

A growth stock which never stopped growing ! This 3 year old video never ages just like ACE ! 8X so far !!!https://youtu.be/SW_nkp2xL6E?si=vBPq46IOTaFMIwgw

CRISIL webinar on Renewables* *Summary* ➡️ 108GWH solar, wind, and storage capacity to be added by FY28, 75% net addition in the next 4 years from renewable energy. ➡️ INR 5trn of debt funding is expected to be required for the overall capacity addition. ➡️ Developer receivable has been improved by 70 days which helps in increasing the net debt to EBITDA to 6.8. ➡️ 80% of energy growth is coming from the solar segment. *Key highlights* *Future Growth* ➡️ 108GWH solar, wind, and storage capacity to be added by FY28, 75% net addition in the next 4 years from renewable energy. ➡️ All RE addition is expected to be added from Solar and wind. ➡️ 75 % of the net addition of power will be from renewable power. ➡️ Rising renewable capacity, Govt focus, and auction pace to pave the way for 8 GW storage capex by FY28. ➡️ Government is focusing on ramping the activities, 90 GWH capacity has been auctioned in the last 9 months. ➡️ Annual auction transition of 50GWh, to build a capacity of 10GWH per annual in the next 5 years. ➡️ New transmission line building to coincide with the energy growth. ➡️ Healthy pipeline 65GWH solar and wind as of Dec’23 which is to be activated in the next 2 years. ➡️ 80% of energy growth is coming from the solar segment. *Solar* ➡️ Global model prices are the impact of the higher growth. ➡️ 25% fallen in FY23 under Mono-perc module price, ➡️ Manufacturing takes time to come up, ➡️ Duties have been introduced on the imported models. ➡️ Many are building the module manufacturing is expected to grow to 88gwh by Mar’26. ➡️ Additional capabilities of 14GW are expected to be enlisted and available in FY25. ➡️ The module is manufactured to support solar expansion. ➡️ Solar remains the preferred mode of capacity addition with tariffs in ranges of Rs 2.5-2.6 to give lucrative returns. *Wind* ➡️ contribute 10% to the overall energy generation in the last 4 years ➡️ Wind capacity to double in the next 4 years driven by high-capacity utilization. ➡️ Debt of Wind manufacturers has come down INR 1000cr in FY23 from INR~14000cr in FY20. ➡️ Govt policy pushed storage infrastructure, ➡️ Grant issue up to 40% of the cost of the battery, and many other benefits will help in 8GWH capacity addition till FY28 *Storage* ➡️ Storage tariff stood in the range of INR 7.5 to 9 per unit, ➡️ Risk for the developer has been declined. ➡️ Aug 22, the LPS scheme implemented which resulted in the better receivable has been improved as Maharashtra's receivable days have been declined to 150 from 350 days. ➡️ Two technologies of the Pumped hydro and battery storage based on LIthum Ion. *Financial Performance* ➡️ Edita and profitability remain in the expected range. ➡️ Net debt to EBITDA is expected to come down 6.8 in FY24E from 7.6 in FY22. ➡️ Solar tariff is expected to range from 2.5 to 2.6. ➡️ Developers Receivable has been improved by 70 days which helps in increasing the net debt to EBITDA to 6.8. ➡️ The receivables of developers are to come down in the next few years and the discoms are making timely payments. ➡️ The leverage is down due to timely payments and capex reduction,. The capex is to be maintained. ➡️ LPS and increasing share of central off-takers reduced receivables by 70 days since March 2022 *Others* ➡️ 50% of the global energy growth is from renewable energy ➡️ In FY23 renewable bidding was stood at 15GWh which increased to 50GWH in FY24. ➡️ In the next 2/3 years expected to commission renewables growth opportunity ➡️ 1.8GWH capacity addition was done in the Jan’24, in FY24 ~14GWH of capacity addition to be done through solar. ➡️ 30Gwh through solar and wind 4/5GWH capacity addition is expected in FY25. ➡️ The financial performance of many players have been improved. ➡️ The sources of the funding for renewable has been enveloped Through increasing the bank participation. ➡️ INR 5trn of debt funding is expected to be required for the 108GWH capacity addition. ➡️ FDR and RTC tenders, have a significant amount of merchant tender,

https://twitter.com/amitabhvatsya/status/1759806640490987888?s=19 Best of Thermax Q3 FY24 Concall

https://youtu.be/wc9iVWl8O2o?si=uzREyTmLgwRoX6mj Shakti Pump on a roll. Know why

Shilchar was an Alpha Accelerator ( May 2023 ) & Advait is an Multibagger Project ( Sep 2023) . Both investment strategies are under Sadhan Membership https://learn.amitabhvatsya.com/learn/Sadhan-Practitioner-Membership

JAKEDA Invites Bids for Grid-Connected Solar Projects: Solarizing 4,000 Agricultural Pumps in Jammu and Kashmir - SolarQuarter https://solarquarter.com/2024/02/14/jakeda-invites-bids-for-grid-connected-solar-projects-solarizing-4000-agricultural-pumps-in-jammu-and-kashmir/