#Thread
Been reading a bunch of Annual Reports last few days. Creating this thread to capture and share interesting tidbits from the ones I am reading this season. Will be updated on an ongoing basis next few weeks.

1/n
2. Few bluechips have reported their #EconomicValueAdded (EVA), a good measure of shareholder value creation. HUL AR does a great job of explaining details. EVA as % avg capital employed over a period of time can be a good leading indicator. Pidilite also shares EVA details
3. Chairman's letter+MD&A section of top 2/3 key players provide great overview of economy and sector dynamics.
Few suggested section reads are HUL, Kotak, PEL, Sterlite Tech, Everest Ind+Visaka, Godrej Prop, OCCL, Hikal, Aavas, RBL, L&T Infotech, Zydus Wellness.

Suggest more!
4. #AlisonCastalloy AR makes for a great read, both for the interesting developments and technology progress at the company as well as evolving industry landscape. Says growth rate in Indian foundry industry will double over next 5 years. PS: Also says FY20 will be challenging.
5. #Logistics is very interesting with a time frame 3-5 years. GST, e-way bill, National Logistics Policy, relaxed FDI and Infra status has boosted outlook. Recommended ARs- Mahindra Logistics (must read), VRL, Shreyas Shipping are good reads. 3rd PL+coastal are big opportunities
6. #IDFCFirstBank: CEO Vaidi's letter "A new beginning" has some bold statements around turnaround & an aggressive roadmap.
>In investment phase, implementing Capital First's profitable retail model
>Expects high profit growth in next few years
PS: Read with a pinch of skepticism
7. Some interesting small cap ARs:
a. Rajratan Global wires (leading tyre bead wire mfr) - 2x capacity; near term headwinds.
b. Kirloskar Pneumatic- multiple triggers
c. Saksoft- Digital transaformation. Phase 2.0
d. Kriti Nutrients - Commodity to brand

Not reco, only study!
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Abhishek Murarka 🐂💹
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!