Scuttlebutt

[Video] Thematic Research on Pollution & Actionable Investment Ideas

Posted by | Industries, Investor Meetup, Scuttlebutt, Stocks | No Comments

Presentation made by Jatin Khemani, Founder of Stalwart Advisors, during a conference organized by ‘Strictly Invest’ a group of around 150 passionate investors on 13th January 2018 in Mumbai’s Orchid Hotel.
Presentation (Video):
Notes to Video:
00:00 Introduction
01:00 Sneak peek in 2030
04:20 Pollution – A silent killer
05:40 Environmental Kuznets Curve
07:40 Sources of Air Pollution
09:20 New Emission Norms for India’s Thermal Power
11:00 Size of the Opportunity
12:45 List of companies to benefit
13:30 Top bet – GE Power India
15:20 Risk & Concerns
17:30 Other Proxies – Respirators & Masks
19:15 Other Proxies – Air Purifiers
20:15 Other Proxies – Pharma & Healthcare
20:40 Plants at Rescue
26:00 Disclaimers
Presentation (Slides):

FREE Access to research report on GE Power India & Scuttlebutt Note

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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

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SA’s Founder in ‘Wizards of Dalal Street’ with Mr. Ramesh Damani

Posted by | Investing Framework | One Comment

Interview Video: Jatin Khemani, Founder, Stalwart Advisors, in conversation with legendary investor Mr. Ramesh Damani in his show ‘Wizards of Dalal Street, A Fresh Breeze’ discussing:

His journey,
Why tips are hazardous to wealth,
Stalwart Advisors’ Investment Philosophy,
Why it matters to have high quality management team with skin-in-the-game,
How he found stocks like Tasty Bite Eatables and Relax Footwear,
Why understanding Operating Leverage is crucial for investors and
How it applies in case of businesses like Wonderla Holidays.

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What makes Thyrocare a great business?

Posted by | Food for thought, Scuttlebutt | 9 Comments

What makes Thyrocare a great business?
I probably first got to know about Thyrocare Technologies Limited (a company into Healthcare Diagnostic) through a 2010 ET article titled ‘PE firm buys 30% in Thryocare as comapany seeks to tap radiology segment‘ and later in 2012 when Thyrocare had second round of funding  ‘Norwest Venture Partners invests Rs 120 cr in Thyrocare‘
As I read more about the company I found some very interesting pointers:

First Indian laboratory to have an IT enabled, 24×7, fully automated diagnostic laboratory
Set up covering over 2,00,000 sq. ft. floor space (a centralized laboratory)
that ensures error free processing of over 40,000 specimens and over 2,00,000 Clinical Chemistry investigations per night. (mind-boggling numbers..isn’t it?)
The unmatched speed factor is achieved through a combination of air-cargo logistics and

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