CA Puneet Agarwal Profile picture
Aug 20, 2020 6 tweets 2 min read Read on X
Some really interesting data points from #pidilite Investor presentation.

People mostly know their brands - Fevicol, Fevikwik. But many more > See the picture below : Image
Their core brand which is behind the success is Fevicol. The Company is adding variants and premiumization to this Core product. See the different variants of the same product to address all forms of adhesive requirements. Latest entrant is a Spray. Image
Expanding into other Emerging Markets which have "India Like" approach. Image
Focus on Pioneer category which have a huge market opportunity - requires spreading of knowledge. One example is Roff for Tile & Stones. 90% of the vast market uses cement to fix tiles. Image
Revenue split > Majority comes from Adhesive & Sealants Image
A growing Company with a good scope to continue this growth trajectory. Revenues have been expanding @ 13% CAGR and Profits at 15% Image

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More from @banyanfa

Nov 30
🚨One of the soft indicators of a red flag for a healthy insurer is their recent stock market listing + PE holding & lack of parentage.
To demand lofty valuations & constant urge to please the markets - Companies guide high profits & growth !
📛Doesn't work on ground
#insurance
Impact
Before listing - possibility of book cleaning 🧹
✅Trying to clear off high risk customers
✅Showing how good they are with better Claims
✅Coming up with super good terms
✅And keeping premiums under check
#HealthTips ##InsuranceTips
Just before or after listing
Show bumper growth numbers to please the 🐂 markets

But ask a ❓🤔

With low premiums, would the hospitals be kind towards the insurer ? Or will it charge the same cost as any other insurer
#InsurancePremium
Read 9 tweets
Mar 20, 2022
If you are a NRI who hasnt filed returns in India for years & who hasn't linked PAN with Adhaar, then please by 31 March 2022 do atleast one of the two tasks :
Please RT for further share this thread
1. If you have an Adhaar, you must link it to your PAN. You can check the PAN Adhaar link status via the easy link below. It works via a desktop
pan.utiitsl.com/panaadhaarlink…
2. You may have an inhibition on not linking your PAN with Adhaar. There isnt much happening via the linking. All of your key info is already with the Govt. Your biometrics are with them already via Adhaar. What else could you hide. Hence I recommend strongly to link
Read 8 tweets
Dec 22, 2020
@MotilalOswalAMC annual Wealth creation study is live now. One of the most anticipated financial event in a year.
This year is the 25th Wealth Study and kudos to @Raamdeo for his consistent annual efforts to continue this activity.
This year's theme is coming up with a checklist of 25 questions (checklist) to identify bottom-up stock picking
Read 54 tweets
Oct 4, 2020
Having data scientist is a common thing for all data centric businesses. You will be killed if you dont have it. I won't just run behind HDFC Life because for this fact. On the contrary, their tech sucks ! Ask their sales teams. They don't even hv a decent proposal capture app.
To know about tech, learn from any of the ICICI group companies. Miles ahead. Compared to ICICI Pru, HDFC Life is in stone age. Marcellus may say channel checks, but I am a part of the channel and their customer too. If Tech is the reason, then they got it wrong.
When it comes to investing in Life insurance companies, I don't always see the point. Their major part of the product is sulking investment portfolios of traditional and ULIPs. No sane investor would invest in them. Their agents won't love to sell Term Covers, which is the core
Read 6 tweets
Sep 9, 2020
Monthly economic outlook from @KotakMF

Inflation is at an elevated levels. Image
Big spread between India vs US 10 year rate curve. US is
0.25% vs India at 6.117% Image
Longer term rates have yet to come down meaningfully. Shorter duration rates have come down materially. Orange line is for Aug 2020 vs the blue line of Jan 2020. Image
Read 24 tweets
Aug 30, 2020
A dividend policy of a Company is a vital piece of info which should be considered for an investment decision. Generally a Co in high growth path would like to retain max earnings into the business to fund it's expansion plans. This sounds reasonable provided growth can be seen
If a Co doesn't have much of an expansion requirement or churns free cashflow in excess of its expansion, it should distribute the surplus to the shareholders. This is again okay, provided, one is not investing in a Co which has sub par growth and no future capex
A Co may retain its earning to bail it out of debts or excessive working capital needs. A not so happy situation to be in. This could at times be confused with high growth requirements & needs to be studied by lifting the lid of the can. Nothing much can be done here and
Read 6 tweets

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