Valuation

Affle 3i Limited

— but with an asterisk*

Signals in a noisy world

Experiment with backtest

INDIGRID

PTC India

Capture and Win

KPR Mills

This audio summarizes the key themes and important ideas from a collection of Michael Mauboussin's research papers and interviews spanning from 1995 to

This is one of the best books for both new and seasoned investors to get their hands on. I did an earlier post on this book, you can read it here Below are my full notes Building…

ITC is the one stock today which is splitting investing community in half It has got attention from even famed traders As good students of history we will go back to what Mr.…

First disclosure - I am long on Ambika Cotton Mills and sitting on a decent paper loss. As the market cap of the company has nearly halved from its peak in Jan 2018 If someone…

Last week I was compiling how consistent wealth creators are faring vis a vis there 2008-09 prices. I wasn’t the only one thinking on those lines, the guys at Ventura did even…

Many investors who haven’t seen the 2008-9 GFC crisis are thinking is the current CORONA virus crisis more severe than the previous one? Is it good time to do some bottom fishing…

Avanti Feeds is the largest manufacturer of shrimp feed in India. Based in Andhra Pradesh, the Company is the dominant player in India’s aquaculture sector. Avanti Feeds is a…

This is one of the best books to read for long term investors Quality investing : owning the best companies for the long term. by Lawrence A. Cunningham,Torkell T. Eide, Patrick…

In the year 2018, I have been rubbed wrongly thrice now by controlling stakeholders (Management) Fraudulent disclosures (ASX GSX) Ungainful dilution (ASX LBT) and now this one ..…

Ready to spot a bargain ? To do that you have to play a game with me. Imagine you have a choice to invest in one of the four companies below, What price you would be willing to…

The rest of post is inspired by and adapted from this wonderful post on debt capacity bargains by Prof Sanjay Bakshi. MOIL, a Mini Ratna, is India‘s largest producer of manganese…

How to Value Ashiana housing ? Prof Bakshi has beautifully explained this in one of the comments on his blog, I am reproducing it below for you to read and think. The approach I…

Evaluating management is one of trickiest part while building an investment case. Especially, when it comes to small caps and mid cap companies run by first or second generation…

Read below excerpts from Warren Buffet’s share holder letters Over time, the skill with which a company's managers allocate capital has an enormous impact on the enterprise's…

Motilal Oswal wealth studies are great source of learnings for any investor, They adopt a unique approach of taking up a theoretical concept every year and then explain it through…

Years back, I was amazed at the claim made by Joel Greenblatt’s book The Little Book That Still Beats the Market [Emphasis Mine] Can you spare three hours to learn how to beat the…

You can read the part 1 of this two part series here on what drives value Lets review balance variables which impact valuation models Past Prices For a lot of cyclical companies –…

Here is one page snapshot on what drives value of company (and its ownership parts called shares) In this post I am not going to dig into those valuation parameters as I have…

Over last few weeks, I have started reading an excellent book on business models – Business Model Generations – A handbook for Visionaries, Game Changers and Challengers – This…

The four pillar framework to understand value creation

Learning Maintenance Capex from a Lemonade stand

Learnings from a twitter discussion on Pricing power initiated by Prof SB

Over my limited experience in equity markets, I have come to conclusion that earnings power box is a powerful tool to analyse authenticity of corporate earnings. While I am not…

I started with wide moat ratings of morningstar and selected 10 companies randomly as below Asian Paints Bajaj Auto Colgate India Dabur Cummins HUL Infosys ITC Nestle Lupin Then I…

There is almost an unanimous agreement that RoE is an important indicator of health of a company, High sustainable ROE signifies sustainable competitive advantages and hence investment attractiveness of the company

Quality of earnings is very difficult to assess as swindlers have so many tricks up their sleeve,One of techniques that I personally use to separate good from odinary business is…

One quote is copy pasted on my desktop as a sticky note and I read it every time I look at new investment opportunity What to look for in a great business? A high return on…

Porter’s Five Forces Model is very qualitative in nature. It does incorporate some quantitative factors but for the most part, it is a very subjective approach. This post attempts…

Paying for growth -2 is a follow up post on Symphony Ltd

I am sure value investors would detest the idea of listening to What Mr Market is telling , however I think sometimes it does help to understand what Mr Market is telling us All…

A post on Evaluating MOATS through FLOATS

Peter Lynch in his famous book “Beating the Street” talked about buying stocks when they are below earnings line and avoiding to buy when they are above earnings line.

How can high dividend payment set the floor price for stock? Let’s look through an example Noida toll bridge Company - The Noida Toll Bridge Company Ltd (NTBCL) has been promoted…

One size doesn't fit all is often said for investments. However Hewitt Heiserman has written a remarkable book that gives you a blueprint for finding great growth stocks for the…

Symphony Limited is a pure growth buy, By pure intrinsic value parameters it is an expensive stock. But we have to look that there has been huge re rating for this company in recent years and we continue to believe that will be case. A high risk investmen

Beloved readers, Presenting the first tool from Tankrich - Benjamin Graham stock value calculator. Here is the story.... Circa 2010 Five classmates decided to put Benjamin…