We do not analyse stocks, we analyse businesses, mostly small and emerging companies which are dominant in their niche, are run by a competent and ethical management and are available at fair valuations. A few good stocks are enough for creating lifetime of wealth and these are the kind of opportunities we strive to unearth. We do not get interested in businesses until they have potential to give multi-fold return. We are extremely obsessed about capital protection and hence first assess the downside risks before thinking about potential upside which rules out most of the commodity companies, highly regulated sector, government owned companies and those run by managements with questionable integrity and bad capital allocation history. We channelize all our energies into discovering companies that have some sustainable competitive advantage run by an ethical and competent management; in other words, companies that have potential to be tomorrow's blue-chip.
We are not arm-chair investors who just read annual reports and invest, we make sure we meet or talk to the management and visit their plant, to understand their vision and judge if they got any fire-in-the-belly traits. We also interact with other stakeholders mainly channel partners (dealers and distributors) and employees to get a first hand information on the management quality. Since our process involves lot of qualitative as well as quantitative filters, we leverage simple yet effective tools like checklists and mind maps to make sure we do not miss any important factor.
A detailed explanation of the process can be Read Here
Outcomes in investing are never certain, rather probabilistic in nature. We too have had our fair share of mistakes; however, mistakes have been more in the form of opportunity costs rather than capital loss. Case in point- few of our core holdings like Agro-Tech Foods and EPC Industries have not yielded any meaningful returns over last many years, as the thesis is taking longer to play out.
Fortunately, we haven't experienced any meaningful loss of capital on any of our investment till date due to our strong processes which filter out businesses dealing in pure commodity, with leveraged balance sheet, in sectors experiencing high rate of change, turnaround cases and those run by managements with questionable integrity or bad capital allocation history.
We have also committed series of errors of omission wherein we let go of seemingly obvious multi-baggers because we spotted some negative with business quality or management integrity. We did that with ceramic tile stocks in 2013 and we all know how stocks of Kajaria and Somany performed over the next two years. We believe this is a trade-off we have to bear if we want to follow a 'process', which in our case is looking at downside before upside. To continue to follow the process religiously we would have no option but to take our attention away from outcomes and continue to be consistent with the 'process', which makes the probability of frequent errors of omission high.
Read more about Stock Advisory here.
We are not in the tip-giving business, luring gullible individual investor and playing with their greed and get-rich-quick dreams. We ourselves are full time investors, and are willing to partner like-minded investors in building a solid long-term portfolio to create wealth.
We are SEBI Registered Investment Adviser (Registration No. INA100002156); we follow all due-diligence and compliance as per SEBI regulations and run by team of qualified MBAs and CFAs(US) with rich experience in investment analysis and portfolio management.
By investing our capital in very same stocks as recommended to clients we make sure our interests are aligned with clients, and we leave no stone unturned while analysing prospective investments.
There will be volatility as we go along however the chances of permanent loss of capital would be extremely low, thanks to our obsession with business quality as well as management quality. We never follow current fads in blindly chasing returns.
Detailed and easy to understand research reports; no point borrowing somebody's conviction, we help you build your own.
Clear strategies regarding buying range, hold and exit.
Quarterly updates, AGM and Annual Report dissection Notes, Management Meet Notes and other relevant news reach your dashboard for which you get notified via email/SMS.
Only interested in multi-bagger quality ideas; not in 40-50% upside ideas. Goal is to create wealth and not get lost in trading opportunities for income.
New stock ideas only when its compelling opportunity; no fixed frequency like monthly or fortnightly.
Very few but high quality ideas along with conviction based allocation to help you construct an ideal portfolio.
We have deliberately kept our fees low to even make economic sense to individual investors with smaller capital base.
Stalwart Advisors is born with a mission to provide unbiased and fundamental stock advisory services to individual as well institutional investors to create long-term wealth.
We are Proud to showcase each skill that Stalwart Advisors possess.
No short-term ideas
No Technical Analysis
No Derivatives
No short-cuts
We have deliberately kept our fees low to even make economic sense to individual investors with smaller capital base.
Kindly go through the FAQs for queries that you might have:
FAQ - General
FAQ - Stock Ideas
Our valued clients speak some kind words for Us.
We are a close knit team that works meticulously, led by
Jatin Khemani, Founder & CEO
Jatin is a SEBI Registered Investment Adviser. He has seven years of experience in investment analysis and portfolio management. In his last stint with a Delhi-based brokerage house he was solely responsible for the research activities of the organisation right from picking new ideas to tracking the existing portfolio thereby assisting the directors in managing the proprietary book. He is a CFA(US) Charter holder, earned his MBA in Finance from Christ University, Bangalore and graduation in Commerce from Delhi University.
Thanks to his admiration for Peter Lynch & Phillip Fisher, Jatin has over the years become proficient in Scuttlebutt; a primary research method to find out truth about a company or an industry. On weekends he teaches finance to MBA students and is an active volunteer with The Art of Living since 2006, where he leads state level fund-raising campaigns. Stalwart Advisors also has a board of advisors which includes veterans with decades of investing experience; each stock idea is meticulously discussed and brainstormed within this board before we make any recommendation.
Hemant Khemani
CTO
Hemant is co-founder at SA. He looks after technology and compliance. He has over 10 years of experience in software development.
Manish Chopra
Research Analyst
Manish is part of Research team. He holds a post graduate diploma in Financial Analysis and is currently a CFA(US) Level III Candidate.
Akshmeet Singh
Key Account Manager
Akshmeet looks after client relations. He holds an MBA in Finance and is a CFA(US) Level III Candidate.
"Being a Finance professional myself and working closely with large businesses, I can appreciate and am impressed by the depth of research available in Stalwart reports, which is far beyond that available in public domain. These reports are like an education in Informed Investing and a learning tool to the techniques of various Guru's. Will certainly recommend to any serious Investor."
"The team at SA follows an extremely focused research methodology. The emphasis is always on thorough scuttlebutt and long term appraisal of a business as opposed to short term factors. This is precisely the kind of research retail investors lack access to. I have particularly found the annual report analyses extremely useful. My interactions with Jatin have been a great source of knowledge on economics of various industries. I would strongly recommend their services for retail investors with a long term investment horizon."
"Jatin and his team are doing great service to the investor community, you feel like there is nothing else left to find about the company after reading his reports. Away from market noise, the reports are very precise, deeply researched and yet easy to understand. Each report reflects Jatin’s passion and his smart eye in studying the company, I am sure lot of hard work must have gone into it. Similar to his picks, his subscription is synonymous with enhanced Dhando Investor deal: Heads I win, Tails I don’t lose at all. His reports are a must read for a long term equity investor who wants to invest confidently."
"Jatin has been recommending me stocks for over 3 years. He studies companies as if he is going to buy the entire business and I think thats what gives him conviction in his ideas and leads to right position sizing. He backs few stocks but when he does, he has valid fundamental reasons to do so. Getting on-the-ground info is his forte which is obvious as he is a Peter Lynch fan. Whether you are a newbie or an experienced investor, would recommend his advisory services to every investor who is serious in creating long-term wealth."
"I subscribed to Stock Ideas in 2014 and let me admit this, the kind of research you would see in the reports is so simplified that even a beginner in stock markets would understand and feel confident about the idea and his investment. I really like the idea of keeping allocation targets and that gives you the conviction levels the team has on a particular investment idea. I couldn’t wait to subscribe to their Model Portfolio as I’m a very happy subscriber to the stock idea service. I was not surprised with the work the Stalwart team has put it in the Portfolio service. I’m pretty confident about their thought process now and would retire early & rich :)
I would recommend both services offered by Stalwart Advisors."
"I have known Jatin for a while now. I find his approach to investing to be quite sensible with a structured balance between capital appreciation and loss protection. He chooses quality companies with a good scalability potential and remains loyal to them to let the returns play out. In volatile markets, his picks stay calm on down trends and this steadies the investment ship leaving room for appreciation through quality of earnings over time. I wish him continued success."
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