Shuchi Nahar's Weekend Blog!

Tata Chemicals - Company Overview Twitter Handle: @shuchi_nahar Tata Chemicals is one of the largest manufacturers of inorganic chemistry products with plants spread across four continents – America, Europe, Africa, and Asia. The company is the world’s third-largest Soda Ash and India’s leading vacuum evaporated iodized salt producer. Tata salt works, spread over 36,000 acres, are the largest in Asia. The company  produces soda ash using synthetic and natural mining processes. Of this, 3/4th capacity consists of natural soda ash allowing us significant cost competitiveness. A part of the US$ 113 billion Tata Group, Tata Chemicals is a globally leading multinational company employing over 4,600 people and present in 40+ countries. Companies eight decades of existence have helped in enjoying a strong and established position globally in inorganic and crop protection chemicals. Business Overview – Q3FY21 Consolidated Snapshot of Revenue Q3FY21 -(Source: Q3FY21 Investor Presenta...

Understanding the details of Cashflow Shenanigans (Part-3) Shuchi. P. Nahar Link to Part-1:  https://myweekendspot.blogspot.com/2020/01/catch-trend-its-all-about.html Link to Part-2:  https://myweekendspot.blogspot.com/2020/01/checklist-to-understand-recording-of.html This blog is in the series of my previous three blogs. This blog will help an individual to understand the manipulation done in cash flow statement and help an investor to analyze the statements and be wary of cash flow shenanigans. With so many recent financial frauds going undetected, investors are increasingly questioning the value of the accrual-based figures shown on the Statement of Income. Time and time again, companies have duped investors by recording revenue too soon or hiding expenses. Some sophisticated investors claim that they realize that earnings can be manipulated and therefore put more faith in the “purer” cash flow from operations. While that’s certainly a step in the right direction, ...