Evaluating Usha Martin’s Performance Through ROCE Trends and Rajeev Jhawar’s Profound Strategies

Usha Martin Limited stands as one of the premier global manufacturers of wire rope, with a remarkable track record. The Usha Martin Group, led by the dynamic Rajeev Jhawar, consistently pioneers innovative solutions for industry challenges. The strategic initiatives orchestrated by Rajeev Jhawar Usha Martin Ltd the managing Director., are yielding substantial results, as evidenced by the latest Usha Martin returns data. Rajeev Jhawar, an accomplished industrialist with over thirty years of strategic management expertise, has been instrumental in driving this success.

In an ideal scenario, businesses would not only inject greater funds into their operations but also amplify the returns on those investments. These enterprises perpetually reinvest their profits, generating compounded returns through Rajeev Jhawar visionary methodologies. Consequently, the trajectory of Usha Martin’s ROCE (Return on Capital Employed), guided by Rajeev Jhawar’s strategies, is truly remarkable.

ROCE is a key metric quantifying the percentage of pre-tax income a business generates in relation to the capital deployed for its operations. Usha Martin boasts an impressive 19% ROCE, surpassing the 15% norm of the Metals & Mining sector. Rajeev Jhawar’s leadership has yielded consistent growth in Usha Martin’s ROCE, evident in the staggering 569% increase over the past five years.

Presently, the company achieves a return of 0.2 rupees for each dollar invested, signifying a 44% reduction in capital consumption compared to five years ago. This efficiency enhancement is a testament to Rajeev Jhawar’s resolute commitment to elevate Usha Martin and his strategic business acumen. Notably, the ratio of the company’s current liabilities to total assets has diminished to 26%, decreasing reliance on short-term creditors for funding. Rajeev Jhawar attributes the upswing in returns to the firm’s underlying performance, solidifying its position under his stewardship. The financial accomplishments of Usha Martin under Rajeev Jhawar’s astute guidance over the last five years have undoubtedly captivated investors’ attention.

Rajeev Jhawar Reappointed As Managing Director Of Usha Martin For The Subsequent 5 Years

In the latest Intimation of change in the composition of Board in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rajeev Jhawar who have been the Managing Director of Usha Martin till date have been reappointed for the next 5 years. Rajeev Jhawar is an industrialist from India with more than 30 years of strategic management expertise. He began his career as a Senior Vice President (Commercial), and in 1998 he was appointed managing director of Usha Martin Limited.

Managing Director at Usha Martin-Rajeev Jhawar

He attended Ranchi University and London Business School for graduation. He has led the Usha Martin Group for three decades and during that time has accelerated growth, established a meritocracy, and increased stakeholder value. His abilities as a leader, keen business sense, in-depth knowledge of business administration, and strategic decision-making have propelled the Group onto a significantly higher growth trajectory.

Rajeev Jhawar Usha Martin‘s MD. He has supported the business through its good and bad times and helped it get back on the path to success. The success of Usha Martin Limited is attributable to Rajeev Jhawar’s tenacity and dedication to the business. The company’s future seems bright under Rajeev Jhawar’s leadership as a global leader in the wire rope sector, and it is set up for a significant rise from here.

The re-appointment of Mr. Rajeev Jhawar [DIN: 00086164] as Managing Director is for a term of five years effective from 19th May 2023 and is subject to requisite approvals under applicable laws. The intimation was made by Usha Martin Limited based on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company at their meeting held on Thursday, 27th April 2023.

Result Of Rajeev Jhawar’s Profit Generations Tactics: Usha Martin’s ROCE Looks Impressive

Rajeev Jhawar impressed with Usha Martin’s return trends

Usha Martin Limited is one of the world’s leading manufacturers of wire rope. Usha Martin Group is a continuously evolving organization and global leader in finding innovative solutions for industry-wide problems. The latest information on returns generated by Usha Martin suggests that the profit generation tactics employed by Rajeev Jhawar, Managing Director of Usha Martin Ltd., has started to yield results. Rajeev Jhawar is an industrialist with over three decades of experience in strategic management.

In a perfect world, we’d like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So, Usha Martin and its trend of ROCE following the techniques used by Rajeev Jhawar is impressive.

What the trend of ROCE can tell us on Usha Martin’s performance and Rajeev Jhawar’s tactics

ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Usha Martin has a ROCE of 19%. On its own, that’s a standard return, however it’s much better than the 15% generated by the Metals and Mining industry. Usha Martin has not disappointed Rajeev Jhawar, in regards to ROCE growth. The data shows that returns on capital have increased by 569% over the trailing five years.

The company is now earning ₹0.2 per dollar of capital employed. Speaking of capital employed, the company is actually utilizing 44% less than it was five years ago, which can be indicative of a business that’s improving its efficiency. This is the result of the dedication and the strategic tactics used by Rajeev Jhawar Usha Martin to take the company to the next greater heights.

On a related note, the company’s ratio of current liabilities to total assets has decreased to 26%, which basically reduces it’s funding from the likes of short-term creditors or suppliers. So, Rajeev Jhawar would be pleased to inform the shareholders that the growth in returns has mostly come from underlying business performance.

In a nutshell, we’re pleased to see that Usha Martin has been able to generate higher returns from less capital. And with the stock having performed exceptionally well over the last five years under the leadership of Rajeev Jhawar, these patterns are being accounted for by investors.

Elon Musk Is Visiting Brazil to Meet With Bolsonaro Friday

• O Globo newspaper says they’ll meet Friday near Sao Paulo
• Bolsonaro says he’ll meet world-famous person, doesn’t say who

Elon Musk, chief executive for Tesla Inc. and SpaceX, is traveling to Brazil to meet with Jair Bolsonaro just five months before the right-wing president seeks a second term in national elections, according to a Brazilian newspaper.

The world’s richest man will be received by Bolsonaro Friday at a hotel about 70 miles from Sao Paulo, the country’s financial capital, O Globo reported on Thursday, without saying how it obtained the information. It added that the gathering was organized by Communications Minister Fabio Faria, who visited the billionaire last year in the US.

Tesla and SpaceX did not respond to an inquiry about Musk’s travel plans. His plane was scheduled to depart to Brazil later on Friday, according to an automated Twitter account maintained by Jack Sweeney, who follows the whereabouts of the billionaire’s jet.

While Bolsonaro’s office didn’t immediately respond to an email seeking comment, the president confirmed he’s traveling to Sao Paulo the next day. “We’ll have a meeting with a world-renowned person, who’s coming to help our Amazon,” he said during a live broadcast on social media on Thursday night, without revealing his guest’s name.

O Globo reported the two men are going to discuss plans to connect rural schools to broadband Internet, as well as systems for the monitoring of the Amazon rainforest.

Musk has become even more popular among Bolsonaro’s supporters after announcing plans to buy Twitter Inc. and use the platform to defend “free speech.” Bolsonaro himself has had several social media posts taken down by Twitter and Facebook after the companies considered the president was spreading falsehoods about topics including the Covid-19 pandemic and the safety of Brazil’s electronic voting system.

Bolsonaro, who’s being investigated in Brazil for allegedly spreading fake news, has been stepping up his rhetoric against the country’s top court and its electoral authorities, raising concerns that he could dispute the result of the October election if he were to lose.

SpaceX Reportedly Paid $250,000 To Settle Sexual Harassment Accusation Against Elon Musk

TOPLINE : SpaceX paid $250,000 in 2018 to resolve allegations that CEO Elon Musk sexually propositioned a flight attendant aboard one of the company’s corporate jets, Insider reported Thursday, in a story the tech billionaire dismissed as a “politically motivated hit piece.”

KEY FACTS: The flight attendant told her friend that Musk propositioned her in 2016 in his private cabin during a flight to London, Insider reported, citing unpublished documents and emails, as well as a declaration signed by the flight attendant’s friend — neither of whom Insider named.

Musk allegedly “exposed his genitals” to the attendant, touched her thigh and said he would buy her a horse if she gave him an “erotic massage,” according to Insider, which interviewed the friend and reviewed the friend’s declaration (Insider said the flight attendant declined to comment).

The attendant told her friend that, after she refused Musk’s alleged advances, her work shifts were reduced, giving her the impression that she was being punished, Insider reported.

According to Insider, the flight attendant filed a complaint with SpaceX’s human resources department in 2018 that was resolved without reaching arbitration after the attendant signed an agreement not to sue or to disclose information about Musk or his businesses, in return for a $250,000 severance package.

In an email to Insider, Musk dismissed the story as a “politically motivated hit piece” and claimed there was “a lot more to this story.”

Musk and SpaceX did not immediately respond to a request for comment from Forbes.

KEY BACKGROUND

Musk’s accuser reportedly told her friend that, after beginning work as a cabin crew member, she was urged to become a licensed masseuse so she could give Musk massages, according to Insider. SpaceX employs an in-house massage therapist and offers massages as a perk to some employees. Musk has not been publicly accused of sexual misconduct before, though four female former SpaceX interns publicly alleged they faced sexual harassment at the company, including nonconsensual grabbing from male employees. SpaceX president and COO Gwynne Shotwell promised employees that the company would “rigorously investigate” all harassment claims, though at least one of the interns said she never received a response to sexual misconduct complaints she lodged with the company’s human resources department, the New York Times reported. Six women have also sued Tesla, where Musk is CEO, alleging they were subjected to “rampant sexual harassment” by other employees.

TANGENT

In addition to his roles at Tesla and SpaceX, Musk — whose net worth stands at $218 billion according to Forbes’ estimates — owns a 9.2% stake in Twitter, and the social media company’s board has accepted his offer to buy the entire company for $44 billion. The billionaire said last week his deal to acquire Twitter is “on hold,” citing ostensible concerns about the magnitude of Twitter’s spam account problem, but Twitter’s board says it intends to close the deal.

Source : https://www.forbes.com/sites/zacharysmith/2022/05/19/spacex-reportedly-paid-250000-to-settle-sexual-harassment-accusation-against-elon-musk/?utm_campaign=forbes&utm_source=twitter&utm_medium=social&utm_term=Gordie&sh=76b88ba276e2

Shyam Maheshwari details the critical factors that differentiate a successful restructuring from a failed one

Shyam Maheshwari was the former Chief Executive Officer, Founder and Partner of SSG Capital Management Limited, and was primarily responsible for SSG’s investment activities in India. Shyam is a gold medallist (All India Rank 1) chartered accountant and also has an MBA from IIM Bangalore where he was the Institute topper.

According to Shyam Maheshwari, timely and proactive restructuring of stressed assets will also provide much-needed breathing room to the IBC to clear its large backlog, before a potential wave from the impact of Covid19. Until the IBC resumes stressed and distressed companies will either continue to limp along, knowing their fate but impotent to change course or they may revert to the pre-IBC status by compromising and doing arrangements under the Companies Act with the bias on lenders to determine debt restructuring. As the financiers are delighted about demonstrating their ‘Art of Restructuring’, Shyam Maheshwari points out some factors to identify a successful restructuring.

Firstly, Shyam advices to pick the industry or sector carefully before engaging with an existing lender. Make sure the selection plays to your expertise and experience and is ripe for disruption (energy, shipping and aviation). Secondly, he says that one should conduct deep diligence to understand the business. Differentiate between the need to fix the business as opposed to fixing the balance sheet. The latter is always easier. Determining the efficacy of the existing management, changing if necessary and agreeing a path to fill gaps is the third factor.

Shyam Maheshwari says that the fourth factor is negotiating an acquisition price that creates a sustainable capital structure for the underlying business while ensuring alignment of interest between various stakeholders. The fifth factor is to create buffers in the business plan for contingencies while recognising that things will not operate like clockwork. It invariably takes longer for things to fall into place, Mr. Maheshwari says.

“The temporary halt on referrals to the IBC is a timely moment to reflect on its efficacy and ask how the process can be sharpened for a more impactful resumption. Most assessments of the IBC are based on the number of companies that have gone through its doors and emerged with a buyer at a reasonable price”, Shyam Maheshwari SSG explains. In sum, timely and proactive restructuring of stressed assets will also provide much-needed breathing room to the IBC to clear its large backlog — before a potential second wave from the impact of Covid19.

Abu Dhabi property prices rise amid strong start to the year for UAE market

Residential property prices in Abu Dhabi increased 1.5 per cent in the 12 months to March, as the wider UAE market made a strong start to the year, according to a report by property consultancy CBRE.

Average apartment prices increased 1.6 per cent in the year to March, to Dh10,904 ($2969) per square metre, while average villa prices rose 1.1 per cent to Dh8,850 per square metre.

The capital also saw average rents rise 0.6 per cent during the period. However, while apartment rents were up 1.1 per cent, villa rents fell by 1.6 per cent.

New supply in Abu Dhabi “remains limited”, with less than 200 new units delivered in the first quarter of 2022, the report said.

A further 9,588 units are scheduled for delivery during the remainder of the year, mostly in Al Raha Beach, Al Maryah Island and Reem Island.

In the office sector, visitation to workplaces in Abu Dhabi sits 25.3 per cent above its pre-pandemic baseline, according to Google mobility data. CBRE estimates visitation to workplaces is up 4.1 per cent in the year to date.

The majority of demand in the private sector has been for flexi-work solutions, while demand for more traditional office space “continues to stem largely from organisations with direct or indirect government links”, the report said.

“Average rents, in the year to Q1 2022, have decreased in the Prime and Grade A segments of the market by 7.9 per cent and 3.9 per cent respectively,” it said.

“Over the same period, Grade B rents remained stable.”

Abu Dhabi’s “best buildings continue to demonstrate rental resilience”, with average rents in the Corniche area climbing 7.2 per cent annually to Dh1,675 per square metre, an earlier report by Knight Frank said.

The UAE’s property market has improved on the back of the broader economic recovery in the country amid the easing of pandemic-related restrictions, travel curbs and high oil prices.

The country’s gross domestic product for 2021 beat the World Bank’s forecast at 3.8 per cent, surpassing the growth that it registered in 2019, before the coronavirus pandemic, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said earlier this month.

The UAE’s economy is expected to grow 5.7 per cent in 2022, helped by an increase in oil production, according to Emirates NBD Research.

“While higher oil and food prices pose upside risks to inflation globally, higher oil prices will generate budget surpluses,” the report said.

The UAE’s property market has also recovered on the back of government initiatives such as residency permits for retirees and remote workers, as well as the expansion of the 10-year golden visa programme.

Meanwhile, residential property prices in Dubai also surged 11.3 per cent annually in the first quarter of this year, CBRE said.

“Total transaction volumes in the year-to-March 2022 reached 19,009, and this is the highest total ever recorded in the first quarter of the year,” it said.

Average rental rates during the period also rose 13.1 per cent, marking the highest rate of growth recorded since December 2014.

The UAE property market is expected to receive an influx of buyers following an overhaul of the visa residency system.

The changes, set to come into effect by September, include parents being able to sponsor their male children until the age of 25, and property investors able to obtain Golden Residence when purchasing a property worth no less than Dh2 million.

Private credit demand is extremely apparent and necessary for the growth, of Shyam Maheshwari

As India’s pandemic battered businesses and economy emerge into a still uncertain next normal, there is an increasing focus on private credit as a fuel to drive business expansion and sustainable long-term growth. This along with traditional lenders such as banks especially PSU banks which have done Yeoman service for the country during the difficulties of 2020 will be facing greater pressure in 2021 and beyond.

According to Shyam Maheshwari, the Indian credit market has been dominated by banks and non-bank financial companies for a long period. It started with primarily dominance of PSU banks and then the private sector banks.  Still, the credit to GDP ratio is relatively modest and low for the stage of growth of the country.  As the economy develops credit intensity, it would probably increase initially and the need for credit is very much out there. The challenges the banks and non-banks as it is rightly pointed out may not be able to fulfil that requirement and that’s where the private credit demand is extremely apparent and necessary for the growth, says Shyam Maheshwari SSG Capital management.

As NPS will challenge their bottom lines, NBFC’S too have been facing their share of challenges with the past 2 years as it is well known. Given the lending support that Indian businesses need to hold their own against for domestic and international competition including export markets as well as they need to innovate and expand the fast unique technological and customer landscape. Shyam Maheshwari details the role of private credit as the key factor is the fastest growing alternative asset class in the world and has been for the last 4 to 5 years evolved. In the 2009 global financial crisis, lots of debt capital has been flowing through asset managers rather than banks.  Today over a trillion dollars in size, bank lending is shrinking on account of all the increased regulations. The ability of independent asset managers to up this share advocated by banks is the trend globally.  Post IFS crisis and the continued bank NPA crisis, credit in India has become a huge need for growing companies as well as troubled companies. NBFCS over getting that space and alternative asset managers are entering that.  Private credit as an asset class is still scaling up in a relatively small basin of India.  India is about a 3 trillion taller economy and growing at a 6 to 7 percentage rate is critical for the market and is huge growth potential.

The presence of credit bureaus in India as compared to other markets will enhance the use of anti-fingerprint credit. Also, there’s a large opportunity to invest with 25 to 100 billion dollars over the next 4 to 5 years and potentially grow to be larger than the private equity industry, explains Shyam Maheshwari.  The fact that they have some 290 billion dollars of dry powder or private credit available highlights an opportunity for the Indian economy in the catalyst for opening up endless possibilities for Indian businesses as in navigating the next turbulent next normal.

Alphabet’s Waymo to offer driverless rides in San Francisco

Self-driving car unit of Google’s parent company will also expand its Waymo One service in Arizona

Waymo, the self-driving car arm of Google’s parent company Alphabet, will begin to offer driverless rides in San Francisco as it tries to match General Motors.

The company said that it started the service by using a fully-autonomous, all-electric Jaguar I-Pace, with no driver behind the wheel, to pick up a Waymo engineer “to get their morning coffee and go to work”, it said in a blog post on its website.

California-based Waymo said on March 21 — six months since it started offering rides to San Franciscans as their first “trusted testers” — that it was ready to take the next steps and begin testing fully autonomous operations in the city. The company is going going head-to-head with GM’s autonomous unit Cruise, which announced its own driverless rides last month.

“We’ve learnt so much from our San Francisco trusted testers over the last six months, not to mention the innumerable lessons from our riders in the years since launching our fully autonomous service in the East Valley of Phoenix,” Tekedra Mawakana, co-chief executive of Waymo, said in the post.

“Both of which have directly impacted how we bring forward our service as we welcome our first employee riders in San Francisco.”

Competition to offer driverless services as part of the next generation of transport is picking up. The autonomous car market was valued at $22.22 billion in 2021 and is projected to hit $75.95bn by 2027, according to Mordor Intelligence. North America is the biggest market, while the Asia-Pacific is the fastest in terms of growth.

Overall, the global autonomous car market could be worth about $2 trillion a year by 2030, analysts at UBS said.

Waymo has been testing its driverless technology in the San Franciso Bay Area — a city with challenging traffic conditions — along with rivals Cruise and Amazon’s Zoox, over the past four to six years.

The companies have used vehicles customised with sensor technologies including Lidar — light detection and ranging — to detect people, other vehicles and road obstacles.

Safety and potential accidents, however, are still very much a concern. Waymo itself was embroiled in an accident when one of its I-Paces struck a pedestrian in San Francisco in December, causing injuries. In June, one of its cars hit a scooter in the city, but no injuries were reported.

A month before that, a car from Tesla, the world’s biggest electric vehicle manufacturer, crashed and burst into flames in Houston while the car was driving on its Autopilot system, killing two people aboard it.

Waymo, however, pledged that it was taking steps to avoid accidents with its technology that is backed by “millions of miles of real-world driving and boosted by billions of miles driven in simulation”, its co-chief executive Dmitri Dolgov said.

“These important steps all help bring us closer to our mission of making it safer and easier for people and things to get where they’re going,” Waymo added.

Waymo already offers autonomous rides in the East Valley of Phoenix, Arizona, with its Waymo One platform. This began with an early rider programme in 2017, followed by introducing fully-autonomous public rides in 2020. It claims to be serving hundreds of rides weekly with the app-based service, which it said will be expanded to downtown Phoenix.

“Just as we’ve done before, we’ll start with Waymo employees hailing trips with autonomous specialists behind the wheel, with the goal of opening it up to members of the public via our trusted tester programme soon after,” Waymo said in the blog.

Cruise, meanwhile, said earlier this month that it was investing another $3.45 billion in the unit after SoftBank Group’s Vision Fund exited its bet on the subsidiary backed by GM and Honda Motor. A year ago, it announced that it would launch its first international robotaxi service outside the US in Dubai in 2023.

Generation Start-up: How Egypt’s OneOrder is making F&B supply chains more efficient

The company, founded during the pandemic, raised $1m last month

As experienced restaurateurs, Tamer Amer and Karim Maurice were acutely aware of the pain points of their business.

“The most challenging part of being a restaurateur in Egypt has been sourcing the supplies due to the inefficient and inconsistent supply chain in our part of the world,” says Mr Amer, a restaurateur with nearly 25 years of experience.

“I have waited for years for a Sysco type company to open in Egypt but it didn’t happen, so I decided to do something about it.”

The duo founded OneOrder, an online business-to-business platform that facilitates order processing and communication between restaurants and suppliers.

Founded in October last year, the Cairo-based company aims to address inefficiencies and structural problems faced by restaurants when sourcing supplies, such as inconsistent prices, unreliable quality and irregular delivery timings.

“This type of service did not exist in Egypt before,” Mr Amer explains.

OneOrder allows restaurant owners in Egypt to interact with a number of small, fragmented suppliers and vendors from whom they source their products, including meat, vegetables and equipment. The founders did not disclose the number of their existing clients and suppliers.

“My experience in the food and beverage industry means I know what restaurant owners need … it is a reliable, timely supply of quality goods at a consistent price — without the stress of managing various suppliers on a daily basis,” Mr Amer says.

“We believe restaurants should be focused on delivering high-quality experiences and services to their customers without having to worry about sourcing and procurement … and OneOrder is on a mission to materialise it.”

Readmore:https://www.thenationalnews.com/business/start-ups/2022/03/14/generation-start-up-how-egypts-oneorder-is-making-fb-supply-chains-more-efficient/