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ContrarianEPS

24 May, 6 tweets, 2 min read

pidilite - 2007 bull mkt peak vs 2021

mcap 5000 cr; 105000 cr
sales 1500 cr ; 6200 cr
profit 188 cr; 1100 cr
mcapsales 3.33x ; 17x
pe 26x ; 95x
last 3y cagr growth 23% ; 12%
peg 1x ; 8x

#random

asian paints - 2007 bull mkt peak vs 2021

mcap 9500 cr ; 270000 cr
sales 3600 cr; 18500 cr
profit 375 cr ; 3050 cr
mcapsales 2.63x ; 15x
pe 25x ; 88.5x
last 3y cagr growth 20% ; 15%
peg 1.25x ; 6x

#random

“The investor of today does not profit from yesterday's growth.” warren buffett

All I want to know is where I'm going to die, so I'll never go there.” — Charlie Munger

The four most dangerous words in investing are “this time it's different” - John Templeton

@contrarianeps

Don't follow my views, atleast start doubting others - @contrarianeps

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ContrarianEPS

@contrarianEPS

11 Jul 20

many cities going under lockdown. govt is accountable for its actions. can’t just announce lockdown without providing reason or results. power is being misused to cover up low testing

we pay taxes for better infra. testing and healthcare is part of infra in such times. lockdown is another tax that too during worst of the times. sorry state of poor and middle class

this is from TOI

Read 4 tweets

ContrarianEPS

@contrarianEPS

19 Jun 20

which company shud have earned better return in last 10y?

both have similar corp gov. both are frontline index stocks.
both had similar valuation.

its ril vs ongc

Read 5 tweets

ContrarianEPS

@contrarianEPS

28 Apr 20

what happen when you enter late, even in good companies

Read 4 tweets

ContrarianEPS

@contrarianEPS

6 Nov 19

many foolish hypotheses are coming out to justify v high valuation for quality.

only sensible i have found till now is low interest rate.

Quality can retain high roe just like a bond. so that this bond gets priced higher vs govt bond. but even then i find excesses..

that also depends on ability to predict govt bond rate over long period. buffett had said that if you tell him that govt bond can stay at low interest rate for 30y, even index fund is a bargain at 25x.

those who are invested already to chase performance want to justify how quality can enjoy v high valuation. ask them to check past, none of them traded more than 30-40x pe for sustained period even during growth period of 20s cagr. current growth is sub 12-13

Read 7 tweets