Kenneth Andrade
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KSB India: A bet on rural theme
Published: May 12, 2018 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 Continue reading
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Honda Siel: Kenneth Andrade bought this rural franchise
On Jul 25, 2017 Old Bridge Capital bought 64,503 shares of Honda Siel for ₹8.7 crore, or ₹1348 per share. On Jul 20, 2017 Reliance Capital bought 89,800 shares of Honda Siel for ₹12 crore, or ₹1350 per share. As of Jul 2017, Reliance Capital holds 4,98,270 shares of Honda Siel. It is worth ₹67 Continue reading
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Coromandel International (Murugappa Group)
Coromandel International (CORO), is the second largest fertilizer company in India. The company’s business segments include Fertilizers, Specialty Nutrients, Crop Protection and Retail. It has 3900 employees across India. It is part of the Rs 30,000 crore Murugappa Group. Fertilizers: – CORO earns 84% of its revenues and 64% of its EBITDA from fertilizer (subsidy) Continue reading
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Kenneth’s Investment Strategy
How to identify a good business? – Largest in the business – Look for market leadership – Continues to gain market share – Challenging the leaders – Look for a great product – Dominant franchise or a product – Pricing power – Low cost producer – Lead industry with cost – Look for capital efficiency Continue reading
My Value Picks 