@ Market Cap of Rs. 12700 Cr, CMP 798 My first purchase was in June’24 (Market cap of Rs. 9000 Cr), and have averaged since then. Started tracking in Sep’23 when the new CEO joined, but the business at the time was taking a hit on it’s revenue and profitability in all segments. Chemical intermediates …
QSR is more of a macro story in India’s ecosystem due to young population, large population, increasing per capita, changing eating habits, changing family structure etc; which are the drivers for penetration. I am liking Restaurant Brands Asia to play this theme. @ Market Cap Rs. 5200 Cr – July ’24 Over the last 2-3 …
RBA gives a chance to buy into the consumer discretionary space, at a reasonable price Read More »
@ Current market of Rs. 1,02,000 Cr Based on some basic analysis looking at the growth in topline numbers, and considering the standalone business turned PAT and OCF positive, built a tracking position in the business. Bought in Oct ’23 @ avg price of Rs. 119, 1.3% of portfolio Analysing the standalone business @ Current market of Rs. 1,18,000 …
Zomato turns profitable, would that bring out optionalities it has as a tech platform?! Read More »
HDFC Bank has started trading much below it’s long term P/B which is now in line with ICICI bank. At this valuation the stock seems to be a steal. But an analysis on the shift seems important before taking any decision, as there has been a clear change in perception for this to occur. Last …
Initial analysis – 52.2% profit CAGR over last 5 years and a ROE track record of 44.1 % over 3 years, along with operating margin expansion > 1500 bps over past 5 years, EPS has increased from Rs. 11.4 in Mar 2019 to Rs. 106.68 in Mar 23 Brokerage business transitioning from a Brick and …
Invested since 2015, at an average buying price of Rs. 588 (adjusted for splits and preferred share issue in 2020). Compound Annual Growth Rate (CAGR) of 22% in 8 years, excluding the consideration of the de-merged Jio Financial Services (JFS). During this timeframe, the company has transitioned its focus from petrochemicals and refining, into retail …
Reliance plans demerger of Retail and Jio, post JFS. How will it play out?! Read More »
Stock Volatility.. Stock has shown a deep fall since listing. Markets perception of the business was they had no clear leadership in any of their segments. Poor visibility of earnings, high ESOP cost, anchor investors exit during buyback period; has kept investors uncomfortable and wary of holding on to the business. Every upward move so …
Investment has played out differently from how I had anticipated initially. Bought at it’s absolute peak of Rs. 680 and have averaged down since then. With that the company has reached my largest investment by buying cost. The reason I ended up buying at the peak was – I could not see the fall in ARV …
Banking cycle and it’s impact on portfolio companies Having observed a few events in the past couple of years has helped me understand the banking cycle better. This is how the past 5 years of the industry added up to my understanding. Source: A Rough Book The gist is we are entering a fresh capital …
Banking cycle and it’s impact on portfolio companies Read More »
17/10/22 Took out gains from Tata Elxsi on 12/08/22 as the P/E crossed 100x and I felt it was getting over heated. This reduced the cost price of stock to Rs. 21. Average buying price was Rs. 1150.Selling price Rs. 10150, making it one of my best returns.In hindsight, it was a great decision as …
Tata Elxsi – Profit booking/ complete exit, what would have been more favourable?! Read More »
Initial analysis of the business said it is at the bottom of the earnings cycle due to impact of covid on the industry at large, once the business resumes to pre-covid levels upside would naturally come to the stock. Why should I buy Thomas cook??! – 11/10/22 @ Today’s stock price of Rs. 78 (Market …