Investment Process

How we caught & dropped a 5-bagger – Story of AGL

Posted by | Investing Framework, Scuttlebutt, Stocks | 3 Comments

Ceramic Tiles is one space which we have been tracking for many years now. In the past, we have misjudged the potential of branded players and missed some multi-baggers like Kajaria Ceramics and Somany. (blog post from 2013) During 2015, we studied a company called ‘Asian Granito’. With Rs 850 Cr. in annual sales AGL is the 4th largest in India’s Rs 24,000 Cr. ceramic tile industry. It was available at Rs 160 a share and a market cap of Rs 360 Cr. i.e. 0.45 times sales vs. 2-3x for Kajaria and Somany. Despite throwaway valuations, we gave it a pass owing to some concerns on the business and management quality. We again looked at it when we learned Mr. Tapan Jena, a professional with 27+ years of experience in …

Read More

[Video] Individual Investor’s Real Edge – TIA 28th Jan 2017

Posted by | Investing Framework, Investing wisdom, Investment Gurus, Investor Meetup | No Comments

Presentation made by Jatin Khemani, Founder & CEO, Stalwart Advisors at Bullet Proof Investing Seminar organised by Tamil Nadu Investors Association on 28th January 2017 at ITC Fortune, Chennai. Notes on Presentation: 00:00    Introduction 00:38    Are large caps safe and easy to decipher? 07:35    How did Warren Buffet and other veterans start investing? 12:20    Why prefer smaller companies? 13:45    What goes into making of a 100-Bagger? 15:20    Case Study – Hero Honda – A 100-bagger for Ramdeo ji 16:25    Industries with High Potential 17:57    Case Study – Titan – A 100-bagger for Rakesh ji 19:58    Structural Theme: Unorganised to Organised 21:40    Sources of Information 23:00    How many companies in India do quarterly conference calls? 27:00    Scuttlebutt & Common …

Read More