Gujju | Karma Believer | Reader | Learner | Rationale Thinking | Personal Views, Not SEBI RIA | Believer in Metrics of Old School & Thinking of New Age School.
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Apr 12 • 12 tweets • 3 min read
PGINVIT is an interesting case. It got beaten down badly from ATH of 160 to 75. An INVIT going down by 50% made me look at it. when I saw the details, it gave an interesting opportunity. Let's check it out.
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- It's sponsored by Powergrid (as the name suggest).
- It now owns 100% of all the 5 assets.
-It gets revenue from transmission.
-Residual life of TSA (transmission service agreement) is 28+ years.
-Negligible debt.
-DPU of 12 in FY 25.
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Jun 25, 2024 • 6 tweets • 2 min read
@caswapnilkabra bhai Let me explain this with real example. IEX was going up fast, it reached pretty high valuations. It announced bonus 2:1 (Dec 21). Now people who think 900 (price before bonus) to be costly, will find 300 to be cheap (yeah that's the truth, investors at
The bottom thinks from price point. Like MRF to be costly and Voda to be cheap).
Guess what happened.
Sep 21 had 4L shareholders and Dec 21 had 12L.
When such events happens, share price take a hit for long time
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Feb 3, 2024 • 8 tweets • 2 min read
EPL LTD.
If you are following EPL, you must have known that it's acquired by Blackstone but do you know about ERI plan they implemented?
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Blackstone purchased EPL via Epsilon wherein they implemented ERI Plan (Exit Return Incentive Plan).
Just like any other PE firm, this also invest with exit in mind so they created a reward structure for certain employees.
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Oct 1, 2023 • 8 tweets • 2 min read
I really feel pity for the shareholders of the co which recently announced demerger stunt. I mean who are you backing here guys.
- The person increased stake in the co at 160 a piece 3 yrs back and later declared cumulative div of 165.
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Now he sold most of that incremental stake at 259.
- From other lens the guy paid staggering 70K cr as dividends in last 3 years (for context it has total debt of 65kcr and it's Current MCAP 80k cr) out of which he might have rec'd roughly 40k cr.
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Apr 1, 2023 • 19 tweets • 3 min read
There are lots of financial analysis for a stock available across the web but hardly anyone covers the promoter’s conduct, background, behaviour and treatment towards all stakeholders. This is one of the most imp criteria to while analysing the stock.
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It tells you that if promoter went greedy/self-centered in past, more likely he will do it in future with any of stakeholder. We should stay far away from investing in such companies, even if it trades at very good valuations.
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Nov 11, 2022 • 12 tweets • 2 min read
Recent company events, esp. in "Platform" co is really a case study to understand how the management is thinking and what,we as investors, should interpret them.
An online fashion co, which should earn a respect to grow at this levels with less capital dilution,
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is issuing bonus and fixing ( changed) record date to end of lock in date. I mean why? So that the investors won't be able to sell fully? Or that post bonus, small retail would jump in and lift up the prices and you get better exit? Pls explain. Also why the need to
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Sep 29, 2022 • 21 tweets • 6 min read
A Thread on
Coal India Ltd.
MCAP: 1.31L cr
A confession before we begin. I was not big fan of investing in PSU stocks and as a thumb rule tend to avoid it. But at current juncture the stock prices of some of the stocks are terribly low and provide immense value so
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reconsidering my earlier stance. (Never say never for any stocks) Also, I am not a Coal ind. Expert, just learning.
First let’s briefly look at various standard aspects by zooming out on longer horizon .
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Jul 30, 2022 • 36 tweets • 15 min read
A thread on
eMudhra Ltd.
Mcap: 2600 cr
It was listed recently and I find this company interesting due to its product’s ability to scale rapidly without additional capex alongwith multiple use cases across different sectors & geography, making it resilient.
let's begin
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Pls note that this will be a neutral thread. I will just share what I observed.
First the history
V. Srinivasan (VS) was MD and Global CEO at 3i Infotech Ltd. (appointed since 05/09/96). They built products like Taxsmile and Digital Signature.
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Jul 26, 2022 • 17 tweets • 6 min read
Coal India Ltd.
After a lot of deliberation, I had decided to invest in a PSU. This is dependent on several factors which are significant.
Here's some highlights of the same.
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In a recent meeting, the management shared a new development where they are planning to reopen around 200 coal mines which were closed due to they being uneconomical earlier but now looks lucrative and that too under PPP model
estimated production is 100 ML Ton
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Jul 25, 2022 • 6 tweets • 2 min read
About Credit Score
Few tricks to maintain and see good credit score.
- Use upto 30% of Credit card limit.
-If you don't have credit history then sometimes your loan application will be rejected, in this case you can first take CC against FD and start building credit score.
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-Periodically watch your credit score (good above 700).
-There are 4 CIC
1)CIBIL (famous among all) 2) Equifax
3)CRIF
4)Experian
RBI mandates all CIC to give 1 report free/year. Means you can watch your score every 3 months by using all CIC alternatively (although this is
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Jul 15, 2022 • 7 tweets • 2 min read
Some parenting stuff
From the book The Richest Man in Babylon.
In Babylon, it is the custom that son of wealthy father inherit their estate. But 1 father didn't approved this custom and told his son that he wishes him to succeed his estate but first he has to
Prove that he is capable of wisely handling it. The father started with nothing and built his estate with hard work but he gave his son 3 things. A bag full of gold, clay tablet (book) on wisdom and 10 years of time to prove his worth.
After 10 years, the son came
Jul 13, 2022 • 5 tweets • 1 min read
Hi friends, want to have discussion on
How do you construct your portfolio?
Would like to know your thoughts and process. This will help us refine our process.
I will start with mine to get the flow going.
As per MCap
Large (say > 30K cr) : 30 to 50%
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Mid (30> Mid > 5K cr) : 30 - 50%
Small (5K> Small > 1K cr) : 20 - 30%
Micro (<1K cr) : upto 5%
No of co: 25-30
Some criteria
-Less Leveraged
(preferred D/E < 0.3)
- No Commodities, Infra, PSU, etc
- Prefer services over manufacturing
- No Stock > 10%
(made
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May 11, 2022 • 18 tweets • 4 min read
A small history comparative thread on
Valuation Matters
Just a small study on THEN and NOW of stocks.
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MHRIL (MCAP:4500cr)
CMP: 227
Price as on 12/03/2010 (yes, 2010): 230
Let’s see how business fared
No of Rooms:2010:1476 Now:4568
No of Members: 2010: 109KNow:266K
Gross Debt Status: 2010:10cr Now:1100 cr (taken at around I guess 2% ROI and
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Apr 17, 2022 • 26 tweets • 7 min read
Impact of Geo-politics on Gold, it’s likely results and allocation strategy.
A thread on observations and aggregation of news around it.
Pls note its very long thread
let's began
Recently Russian Ruble was brutally impacted due to sanctions & to save falling currency it was pegged at 5000 Ruble for 1 Gram of Gold till 30th June. The move is expected to inc the flow of gold into the kitty of the Russian Central Bank an agreement was also signed under ...
Apr 10, 2022 • 16 tweets • 7 min read
Index v/s Active
There has been a lot of debate around investing via actively managed funds v/s low cost index funds. I was intrigued by this & this led me to search many AMC & find whether this statement holds true or not. Whether low cost really makes dent in long term?
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So I checked some of the oldest pure eq scheme of many AMC to find whether this statement holds true in long run or not? Here’ some findings.
Note: For study I looked at the returns for lumpsum investment under growth option via regular mode in the oldest scheme of the AMC
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Apr 2, 2022 • 23 tweets • 9 min read
Amrutanjan Health Care Ltd.
MCAP: 2440cr
CMP: 835
A thread
Brief about Founder
Founded in 1893 by Kasinadhuni Nageswara Rao – Freedom fighter and Journalist
He was conferred with the title Desoddhaaraka (Uplifter of the masses) by the Andhra Mahasabha.
A postage stamp has been issued to commemorate him.
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Mar 26, 2022 • 10 tweets • 2 min read
Few observations on Real estate
1. Never buy a flat for return in an upcoming area where there is immense space for new flats. The supply in future will knock off your returns
2. Never buy an old flat from the view of getting returns post redevelopment. Consider few points
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a) a builder is comfortable for redev. when the total members are upto say 100-200.
b) Members consent will take more time than you expect.
c) the livability aspect will continue to deteriorate since majority of the members are not interested to spend behind
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Feb 7, 2022 • 14 tweets • 3 min read
Analysis of Tech Companies
Just Sharing what I understood.
Studying Tech co. is no simple task and should not be based on old school metrics. You may find SUSTAINED LOSSES in their quarterly results whereas they continue to grow all along.
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This sometimes leads me to scratch my head again and again as to “Ye result dekh ke me Rou ya Hasu.” (Should I feel happy or sad with the results.).
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Jan 22, 2022 • 20 tweets • 6 min read
Pls read this with a pinch of salt.
These days I see several tweets like 100X in 10 yrs stock. Pls note more money was lost in finding next 100 baggers then investing in already strong dominant company . Many Themes for investment float in social media like
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Gamechanger Tech: If you think that this new technology is gamechanger and it will change market dynamics in next decade be it say EV/Solar/E-Comm/SAAS/MAAS/PAAS etc, sure it is and it will change but do look at the price you are paying.
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Started by Rakesh Verma (Mech. Eng. (Hons.) BITS Pilani, 1972 and MBA USA, 1979) and Rashmi Verma (Chem. Eng. (Dist.) IIT, 1995 and MS from USA, 1979).
