Investor by profession, writer by passion. Blogger. Author.
1 subscribed
Nov 18, 2021 • 11 tweets • 3 min read
This is in response to the question by @unseenvalue
If I had to buy 1 stock today, anywhere in the world, no avg. up or down, 5 year holding period (I will make that as 10 year for thesis to play out)
Since I track mainly Indian equities, restricting the choice to this space
Few points to look for 1. Strong macro tailwind rather than headwind, huge growth runway for company/segment. It can't be in a niche space & demand must not be easily substitutable 2. Strong Biz Model, high growth curve (15%+ over the period), strong ROE profile (hurdle rate 20%)
Oct 28, 2021 • 7 tweets • 2 min read
#IRCTC in simple terms: Assume 800 Cr. convenience fee next year, ~85% EBIT, so 680 Cr., tax on this (~no interest) would be 170 Cr. (at 25%), if full PAT given as dividend, ~340 Cr. Govt. share (at 67%) + ~25 Cr. tax on dividend. So total accrual to govt. 170+340+25=535 Cr. 1/n
With 50% revenue share, 400 Cr. to govt. + 25% tax on 280 EBIT (400-120) = 70Cr., + 140 govt. share of profits as dividend and ~10 Cr. dividend tax. So, 400+70+140+10 = 620 Cr. ... 2/n
Jul 30, 2021 • 8 tweets • 1 min read
A lot of you would have wondered why so many IPOs together... hardly any time to study them well.
Precisely....hardly any time to study them well... that's the genius of a reason
(1/n)
Mediocrity hides in a crowd...many a mask it wears
As "smart" investors in IPOs
Play a game of musical chairs