Thoughts on Investing

  • Obsession with P/e Multiple

    Maruti says we are a country obsessed with mileage; see its famous NASA ad ‘Kitna Deti Hai’ Indians are known to be very smart consumers; always looking for value-for-money offerings. Fortunately or unfortunately, that should make us very good ‘Value Investors’ as defined by Ben Graham. However, how do we know if a stock is […]

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  • Decoding Business Model of Meru Cabs

    Since a long time, I have been a loyal customer of Meru Cabs whether I am in Dehi, Mumbai or Bangalore. Being a value investor and somebody who strongly practices scuttlebutt, I generally find it hard to resist interacting with the driver. In fact most of these guys turn out to be pretty interesting and knowledgeable. […]

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  • NESCO: What an Exhibition!

    I first looked at Nesco around 18 months ago when it was ~700 and had love at first sight. They have an annuity business(rentals); the company owns and runs Bombay Exhibition Center, Commercial towers built on adjacent land and some pretty valuable surplus land around it (overall ~70 acres) in Goregaon, Mumbai. If one does the […]

  • FY14 updates and new ideas

    Thanks to a great and powerful mandate to Modi sarkar – markets are making newer highs and sentiment has turned bullish after a very long time. All our top picks have been multi-baggers and they continue to do well. Here is an update on how FY14 panned out for them along with what future might […]

  • Micro Irrigation in India – A Macro View

    I was speaking to a fellow value investor when he mentioned how frustrating it is to look at the shrinking universe of value stocks with which I couldn’t agree more. Most of the good small & mid caps have doubled and trebled over last 3-4 months. Its a great thing to see your portfolio go up […]

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  • The unanswered part of KILLER PUZZLE (Kewal Kiran Clothing)

    The unanswered part of KILLER PUZZLE (Kewal Kiran Clothing) :  Read Here Background: On Sep 25th 13 Prof. Sanjay Bakshi wrote on Kewal Kiran Clothing (Killer Puzzle) I have tried to dig deeper into the story. I will be sharing the probable answers for the questions raised in my next post on KKC. Views invited

  • DFM Foods_Crax going pan India

    It is hard to find somebody in north India who hasn’t had Crax as a kid; many even have it today after growing up just like I do 🙂 Crax brand is owned by a listed company called DFM Foods Limited. DFM stands for Delhi Flour Mills which was their original business and later got […]

  • What my neighbourhood jockey dealer has to say about the brand

    Earlier jockey was into premium range only, now its available at all price points Indian brands like Rupa, Euro would cost you 90-100 for an undi whereas you can get a Jockey at 120 There are five separate distributors for different segments/range So, out of the 6 working days in a week, five days you have a different Jockey distributor sitting […]

  • Some thoughts on Gillette India

    One common bullish viewpoint made by most of the investors regarding Gillette has been “Market potential is huge considering its a highly under-penetrated market & Gillette is largely a monopoly business”   Lets break up the target market into urban men & rural men and see if there is actually that kind of potential:   Urban Men (Metro/Tier […]

  • How to fix india’s flawed education system

    Before I come to the point, let me tell you where this post is coming from: In my MBA program at least half of the subjects were same as I studied in my graduation, in fact for some the recommended books were of the same authors. It was during this phase I could compare the […]