Tube Investments of India: Staying Focused…

Post restructuring, Tube Investments of India (TI) is a pure-play manufacturing company from the Murugappa Group, one of the oldest business houses of India. The company's business interest span across products like steel strips, tubes and tubular components, bicycles and fitness products, chains for automotive and industrial applications, metal formed parts for automotive, railways, industrial …

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RJ Exclusive Summary

- 2018 will be the year of consolidation for markets - IBC, GST will benefit the indian economy - Believe BJP will form the govt in 2019 - Look at specific opportunities, not at sectors - Flow of local money into the market is just the beginning - Domestic flows are the best indicator of …

The turnaround at Clariant India

Clariant Chemicals (India), a subsidiary of Clariant AG, manufactures and sells specialty chemicals. It operates into 2 business segments: Plastics & Coatings and Specialty Chemicals. The company's products are used in various sectors such as agriculture, infrastructure, home & personal care, packaging, consumer goods, transportation and healthcare. Plastics & Coatings: This segment comprises of Pigments, …

CESC: Demerger To Unlock Value

CESC, the flagship company of RP-Sanjiv Goenka group, is a vertically integrated power utility engaged in generation, transmission and distribution of electricity to the consumers in Kolkata and Howrah covering an area of 567 sq.km. and catering to over 3 mn customers. CESC would be demerged into 4 entities: 1) Distribution (Kolkata, Noida and franchise …

Investment Checklist by Balakrishnan R

Generally keep away from companies if there are some issues like: - Promoter holding below 30% - Continious diversifications or acquisitions - Professional managed with no owner and high ESOPs - Accounting policies that are aggresive - Lack of free cash flow - hard to find in a finance company - Huge divergence from industry …

KSB India: A bet on rural theme

KSB Pumps, a 40.5% subsidiary of the €2.2b German company KSB AG, is the 4th largest player in the Indian industrial pumps and valves business. KSB manufactures a wide range of pumps used in the power, oil & gas and other industries. KSB has 5 plants located in Pune, Nasik and Coimbatore, with a total …

Dish TV + Videocon D2H: Amansa Capital’s new bet

Dish TV is Asia Pacific's largest direct-to-home (DTH) company and part of the Essel Group. Dish TV has on its platform more than 607 channels and over 67 HD channels. Dish TV's total bandwidth capacity equal 864 MHz, amongst the largest held by any DTH player in India. Dish TV: - 607 channels and over …

Hathway Cable: Kenneth Andrade’s big bet

Hathway Cable & Datacom Ltd. (Hathway) promoted by Raheja Group, is one of the largest Multi System Operator (MSO) & Cable Broadband service providers in India. Hathway operates through two segments: Broardband and Cable TV Broadband: - Hathway holds a PAN India ISP license and offers broadband Internet services - Total broadband Subscribers - 0.7 …

Sunteck Realty: Separate the men from the boys

Sunteck Realty is a Mumbai focussed real estate developer, catering to the ultra-luxury and luxury residential segment. Sunteck has about 23 million square feet spread across 25 projects at various stages of development and 4 rented assets. Sunteck has completed 6 projects of about 2 mn sq. feet within 4 years. "90% of builders in …

Buffett’s Annual Letter 2017

At Berkshire what counts most are increases in our normalized per-share earning power. That metric is what Charlie Munger, my long-time partner, and I focus on – and we hope that you do, too. Acquisitions: There are four building blocks that add value to Berkshire: (1) sizable stand-alone acquisitions; (2) bolt-on acquisitions that fit with …

KRBL Limited: Under Review

1. Is the business simple and understandable? Yes. KRBL is the world's larget exporter of basmati rice. Its flagship brand 'India Gate' is the market leader in 73 countries. It has two plants with a combined milling capacity of 195 MT per hour. Its warehouses have a total storage capacity of 600,000 MT. 2. Does …

Piramal Group At A Glance

- A family business with roots in textile manufacturing, dating back to 1840s - Diversified into pharmaceuticals, financial services, healthcare insight and analytics, glass manufacturing and real estate - Headquartered in Mumbai, with offices in 30 countries and brand presence in over 100 markets - Employs around 10,000 people Portfolio includes: - Pharmaceuticals - Financial …

Warren Buffett on market valuations and much more

[On current market valuations] Well, valuations make sense with interest rates where they are. I mean, in the end you measure laying out money for an asset in relation to what you are going to get back, and the number one yard stick is U.S. governments. When you get 2.30 on the ten-year, I think …

Shoppers Stop: Amazon bets on fashion retail

Amazon to buy 5% stake in Shoppers Stop for ₹179 crore, or ₹408 per share. This values Shoppers Stop at roughly ₹3600 crore. Shoppers Stop is one of India's leading and most respected fashion retailers, promoted by the K Raheja Corp Group, and established in 1991. Shoppers Stop: Shoppers Stop is India's foremost fashion retailer …

FinOlex Pipes: The Unusual Brand

"FinOlex is a unique case where a company created a brand out of a commodity business," says Nemish Shah, co-founder of Enam. "The dealers had to pay in advance. But what I gave in return was the best quality of pipes," says Prakash Chhabria, chairman of FinOlex. FinOlex has transformed its business model from B2B …

CSL Finance: A micro-cap stock to watch

In August 2017, CSL Finance issued preferential shares to top HNIs at ₹390 per share. CSL raises ₹54 crore from the following well known investors: - Aadi Financial (Akash Bhanshali, co-founder of ENAM) - Kothari Ventures (Rohit Kothari family) - Ajay Relan (Co-founder of CX Partners) - Madhuri Kela (Madhuri is the wife of Madhu …

Vadivarhe Speciality: A micro-cap stock to watch

In June 2017, Ramesh Damani bought 99,000 shares of Vadivarhe Speciality for ₹89 lakhs, or ₹90 per share. Vadivarhe Speciality Chemicals Ltd (VSCL), established in 2009, is a manufacturer of Organic Chemicals with a core focus on intermediates, personal care products, speciality chemicals and APIs. VSCL is ISO 9001:2015 certified company by Quality Systems Zurich. …

SRF Limited: Amansa Capital’s big bet

SRF has 3 business verticals - Chemicals & Polymers, Technical Textiles and Packaging Films. SRF is a market leader in most of its business segments in India. SRF also commands a significant global presence in some of its businesses, with operations in India, Thailand and South Africa, and exporting to 75 countries. SRF has 9 …

Astec LifeSciences: A bet on Godrej Agrovet

On Aug 10, 2017, Godrej Agrovet bought 2.08 lakh shares of Astec at an average price of ₹556. On Aug 11, 2017, Sundaram Mutual Fund bought 3.07 lakh shares of Astec at an average price of ₹542. Godrej Agrovet is a game changer for Astec, has ambitious plans and this will drive growth. Astec LifeSciences …

SH Kelkar: A fragrance and flavour maker

SH Kelkar (SHK) is the fourth largest Fragrance and Flavour company in India with 12% market share. SHK is the third largest fragrance producer in India with 20.5% market share. SHK was established in 1955 by SH Kelkar and VG Vaze. It has four manufacturing facilities, which are located in India and Netherlands. It exports …