Ayush Mittal is one of the best micro cap value investor of India . We can learn a lot from him . When I discussed BLUE CHIP TEX INDUSTRIES LTD ( http://value2wealth.blogspot.in/2016/07/micro-cap-value-pick-blue-chip-tex.html ) , I requested volunteers to calculate portfolio/recommendation return of Ayush Mittal . I am very disappointed no one came forward . I was under the illusion that some blog follwers will come forward and give their valuable time to complete this easy but little time-consuming exercise for me.
No one came forward.So, I did this exercise . But , fortunately, I got a lot of ready made information from dalal-street.in website http://performance.dalal-street.in/ . However , It was 2 years 3 months old .
Note: Click on company link to see detail analysis .
It is a huge list of 90 stocks in around 7.5 years . So , I removed stocks which he had already exited . The website had already corporate action adjusted price (bonus , split) . But , If any action taken placed in last 27 months were not considered in adjusted price since that calculation is 27 months old . I kept few original columns and added few more columns . Ignored Dividend .
One can observe that he has also evolved over the time like other great investors.He also has a mixed portfolio . Some of the stocks have very high quality while some are avg quality stocks and even some mediocre companies( to just prove , he is also human being :) ) . That is all indication of evaluation as good investor over the time .Notably , he hadn't stocks from the following list . When , the whole world was crazy for buying the following stocks , he might be busy in buying Avanti Feed (90 bagger ) and Astral Poly .
Source : https://kiraninvestsandlearns.wordpress.com/2015/10/11/learnings-from-recent-history/ (Image used without permission :) , I regularly visit this page to be just on my toes )
If one has followed him from last 7.5 years then one might have converted Rs 100 into 700 (6.9x ). It doesn't look extraordinary for the man of his caliber . But this ratio is again deceptive . It doesn't cover sequential multibagger which is less talked term and as per me It is 1 st wonder of investing world . Let me explain you . If he made 5x from 1 stock in 3 years and reinvested that 5x into another stock for 3 years and it also gives 5x return then the whole amount at portfolio become 25x in 6 years but our calculation will indicate avg 5x (both entries avg). The churning of the portfolio is good if you are able to find sequential multibaggers .While ,big single stock return catches the eye , sequential multibaggers don't catch one's eye but they have very good impact on the overall portfolio and wealth creation .
Ayush's overall average CAGR comes around 51.29 , which is a true indication of stock picking skill . I like to evaluate an individual stock based on cycles, if brought on mid phase of bull/bear phase then return should be calculated on mid phase of next bull/bear phase if it is really long term stock .But , since the portfolio is built on the regular basis we can evaluate based on CAGR of holding period .Even if we give discount considering an all time high small and mid-cap indices , still , it is very much impressive .
Must Read : https://microcapclub.com/2016/10/the-maturation-of-an-investor/
Must Watch : http://stalwartvalue.com/video-talk-delivered-at-fil-alumni-meet-pune/
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No one came forward.So, I did this exercise . But , fortunately, I got a lot of ready made information from dalal-street.in website http://performance.dalal-street.in/ . However , It was 2 years 3 months old .
Note: Click on company link to see detail analysis .
| S.No. | Post Date | Company | Price Then | High Price | Current Price | Gain | Status |
| 1 | 2 years, 3 months ago | Anuh Pharma | 215 | 365 | 360 | 67.44% | Hold |
| 2 | 2 years, 6 months ago | Freshtrop Fruits | 26 | 66 | 52 | 100.00% | Hold |
| 3 | 2 years, 6 months ago | Technocraft Ind | 90 | 213 | 195 | 116.67% | Hold |
| 4 | 2 years, 6 months ago | PTC India Finance | 14.75 | 44 | 43.5 | 194.92% | Hold |
| 5 | 2 years, 9 months ago | Selan Exploration | 300 | 675 | 650 | 116.67% | Exited |
| 6 | 2 years, 10 months ago | APM Industries | 25.5 | 33 | 30 | 17.65% | Hold |
| 7 | 2 years, 10 months ago | Kitex Garments | 77 | 345 | 330 | 328.57% | Buy on declines |
| 8 | 2 years, 10 months ago | Muthoot Capital | 80 | 177 | 158 | 97.50% | Hold |
| 9 | 2 years, 11 months ago | Alembic Pharma | 191 | 408 | 385 | 101.57% | Hold |
| 10 | 2 years, 12 months ago | Dynemic Products | 14.5 | 51 | 45 | 210.34% | Hold |
| 11 | 2 years, 12 months ago | Premco Global | 33 | 125 | 98 | 196.97% | Buy on declines |
| 12 | 2 years, 12 months ago | Shree Ajit Pulp & Paper | 38 | 67 | 46 | 21.05% | Hold |
| 13 | 2 years, 12 months ago | Gulshan Poly | 62 | 140 | 140 | 125.81% | Exited |
| 14 | 2 years, 12 months ago | Bharat Agri | 82 | 150 | 117 | 42.68% | Buy on declines |
| 15 | 2 years, 12 months ago | Acrysil | 122 | 240 | 200 | 63.93% | Exited |
| 16 | 2 years, 12 months ago | Alicon Castaloy | 58 | 163 | 150 | 158.62% | Exited |
| 17 | 3 years, 1 month ago | Shilpa | 170 | 565 | 515 | 202.94% | Hold |
| 18 | 3 years, 3 months ago | Noida Toll Bridge | 22 | 22 | 22 | 0% | Exited |
| 19 | 3 years, 3 months ago | NMDC | 100 | 112 | 110 | 10.00% | Exited |
| 20 | 3 years, 5 months ago | VST Tillers | 338 | 1990 | 1850 | 447.34% | Exited |
| 21 | 3 years, 5 months ago | Astra Zeneca | 835 | 920 | 865 | 3.59% | Exited |
| 22 | 3 years, 5 months ago | Can Fin Homes | 153 | 485 | 380 | 148.37% | Hold |
| 23 | 3 years, 6 months ago | Kovai Medical | 166 | 340 | 330 | 98.80% | Hold |
| 24 | 3 years, 6 months ago | Wimplast | 320 | 409 | 380 | 18.75% | Exited |
| 25 | 3 years, 6 months ago | K G Denim | 15 | 18.5 | 14.5 | -3.33% | Exited |
| 26 | 3 years, 7 months ago | Acceleya Kale Solutions | 365 | 825 | 650 | 78.08% | Buy on declines |
| 27 | 3 years, 8 months ago | Orbit Exports | 72 | 249 | 245 | 240.28% | Hold |
| 28 | 3 years, 9 months ago | Poddar Pigments | 51 | 132 | 128 | 150.98% | Hold |
| 29 | 3 years, 9 months ago | Lumax Auto Tech | 156 | 200 | 185 | 18.59% | Hold |
| 30 | 3 years, 9 months ago | Caplin Point | 70 | 98 | 70 | 0% | Exited |
| 31 | 3 years, 10 months ago | Ajanta Pharma | 257 | 1795 | 1600 | 522.57% | Hold |
| 32 | 3 years, 10 months ago | MPS Ltd | 111 | 545 | 515 | 363.96% | Hold |
| 33 | 4 years ago | Muthoot Capital (old) | 82 | 139 | 110 | 34.15% | Exited |
| 34 | 4 years, 1 month ago | Sahyadri | 66 | 87 | 61 | -7.58% | Exited |
| 35 | 4 years, 1 month ago | Wim Plast | 262 | 394 | 380 | 45.04% | Exited |
| 36 | 4 years, 1 month ago | Kaveri Seeds | 840 | 1720 | 1700 | 102.38% | Exited |
| 37 | 4 years, 2 months ago | Narmada Gelatine | 133 | 323 | 298 | 124.06% | Hold |
| 38 | 4 years, 4 months ago | Technofab Eng | 130 | 155 | 130 | 0% | Exited |
| 39 | 4 years, 4 months ago | Kakatiya Cement | 80 | 96 | 86 | 7.50% | Exited |
| 40 | 4 years, 4 months ago | Sree Rayalseema Hypo | 45 | 66 | 45 | 0% | Buy on declines |
| 41 | 4 years, 4 months ago | Mazda | 92 | 168 | 160 | 73.91% | Exited |
| 42 | 4 years, 4 months ago | Ashiana Housing | 34 | 187 | 151 | 344.12% | Buy on declines |
| 43 | 4 years, 5 months ago | Manali Petro | 11.5 | 14 | 10 | -13.04% | Exited |
| 44 | 4 years, 6 months ago | Ansal Properties | 32 | 43 | 35 | 9.38% | Hold |
| 45 | 4 years, 7 months ago | Liberty Phosphate | 64 | 160 | 150 | 134.38% | Exited |
| 46 | 4 years, 8 months ago | Mayur Uniquoters | 52 | 485 | 420 | 707.69% | Hold |
| 47 | 4 years, 11 months ago | Nesco | 560 | 1350 | 1280 | 128.57% | Hold |
| 48 | 4 years, 11 months ago | Atul Auto | 71 | 740 | 692 | 874.65% | Hold |
| 49 | 4 years, 11 months ago | GIPCL | 82 | 86 | 77 | -6.10% | Exited |
| 50 | 5 years ago | Oriental Carbon | 120 | 300 | 275 | 129.17% | Buy on declines |
| 51 | 5 years ago | Apcotex | 163 | 300 | 260 | 59.51% | Exited |
| 52 | 5 years, 2 months ago | Indag Rubber | 110 | 375 | 350 | 218.18% | Exited |
| 53 | 5 years, 2 months ago | IFB Agro | 105 | 237 | 205 | 95.24% | Exited |
| 54 | 5 years, 3 months ago | Everest Ind | 165 | 175 | 157 | -4.85% | Exited |
| 55 | 5 years, 4 months ago | Piccadily Agro | 46 | 55 | 36 | -21.74% | Buy on declines |
| 56 | 5 years, 6 months ago | Smruthi Organics | 135 | 274 | 65 | -51.85% | Hold |
| 57 | 5 years, 6 months ago | Astral Poly | 49 | 830 | 825 | 1583.67% | Hold |
| 58 | 5 years, 7 months ago | Nitin Spinners | 11.5 | 13 | 7.2 | -37.39% | Exited |
| 59 | 5 years, 7 months ago | Avanti Feeds | 33 | 1298 | 1245 | 3672.73% | Hold |
| 60 | 5 years, 7 months ago | Pratibha Ind | 54 | 70 | 55 | 1.85% | Exited |
| 61 | 5 years, 7 months ago | Ispat Ind - Arbitrage | 0 | 0 | 0 | 0% | Exited |
| 62 | 5 years, 9 months ago | Sree Sakthi Paper | 25.5 | 34 | 21.5 | -15.69% | Exited |
| 63 | 5 years, 9 months ago | Mangalore Chemicals | 37 | 43 | 35 | -5.41% | Exited |
| 64 | 5 years, 11 months ago | Facor Alloys | 7 | 8.7 | 3.25 | -53.57% | Exited |
| 65 | 5 years, 11 months ago | Balaji Amines | 48 | 57.6 | 36 | -25.00% | Exited |
| 66 | 6 years, 1 month ago | ABC Bearing | 155 | 180.7 | 150 | -3.23% | Exited |
| 67 | 6 years, 1 month ago | Pondy Oxide | 30 | 72.4 | 25 | -16.67% | Exited |
| 68 | 6 years, 2 months ago | Harrison Malayalam | 90 | 120.48 | 62 | -31.11% | Hold |
| 69 | 6 years, 2 months ago | Riddhi Siddhi | 285 | 518.2 | 360 | 26.32% | Exited |
| 70 | 6 years, 3 months ago | Camphor Allied | 101 | 274 | 210 | 107.92% | Exited |
| 71 | 6 years, 4 months ago | Shakti Met Dor | 215 | 304.75 | 215 | 0% | Exited |
| 72 | 6 years, 4 months ago | Welspun Syntex | 15 | 27 | 18 | 20.00% | Exited |
| 73 | 6 years, 5 months ago | GRP | 875 | 2020 | 1275 | 45.71% | Hold |
| 74 | 6 years, 6 months ago | Jocil | 265 | 435 | 285 | 7.55% | Exited |
| 75 | 6 years, 6 months ago | Sunflag Iron | 31 | 34.5 | 29 | -6.45% | Exited |
| 76 | 6 years, 7 months ago | Poly Medicure | 50 | 515 | 475 | 850.00% | Hold |
| 77 | 6 years, 7 months ago | BNK Capital | 33.6 | 61.6 | 26 | -22.62% | Buy on declines |
| 78 | 6 years, 8 months ago | Balkrishna Ind | 118 | 310 | 300 | 154.24% | Exited |
| 79 | 6 years, 10 months ago | Asian Hotels | 420 | 600 | 600 | 42.86% | Exited |
| 80 | 6 years, 10 months ago | Manjushree Technopack | 32.5 | 109.8 | 80 | 146.15% | Exited |
| 81 | 6 years, 11 months ago | IST Ltd | 100 | 280 | 260 | 160.00% | Exited |
| 82 | 6 years, 11 months ago | Suprajit Eng | 8.5 | 26.5 | 23 | 170.59% | Exited |
| 83 | 6 years, 11 months ago | Majestic Auto | 66 | 165 | 140 | 112.12% | Exited |
| 84 | 7 years ago | Freseniuous Kabi | 78 | 193.75 | 145 | 85.90% | Exited |
| 85 | 7 years ago | Ahlcon Parentals | 37 | 132.95 | 94 | 154.05% | Exited |
| 86 | 7 years ago | Siemens Healthcare | 1050 | 1799 | 1325 | 26.19% | Exited |
| 87 | 7 years, 1 month ago | Albert David | 75 | 177 | 132 | 76.00% | Exited |
| 88 | 7 years, 2 months ago | Jaihind Projects | 95 | 315 | 200 | 110.53% | Exited |
| 89 | 7 years, 2 months ago | Shilpa Medicare | 93 | 379 | 220 | 136.56% | Exited |
| 90 | 7 years, 5 months ago | CHI Investments | 27 | 68 | 50 | 85.19% | Exited |
It is a huge list of 90 stocks in around 7.5 years . So , I removed stocks which he had already exited . The website had already corporate action adjusted price (bonus , split) . But , If any action taken placed in last 27 months were not considered in adjusted price since that calculation is 27 months old . I kept few original columns and added few more columns . Ignored Dividend .
| S.No. | Company | Months | Price Then | Status(27 months ago) | Adjusted Buy Price | Comments on Adjusted Price | Oct 2016 Price | Return | CAGR |
| 1 | Anuh Pharma | 27 | 215 | Hold | 143.00 | Bonus:2:1 | 238 | 66.43 | 25.41 |
| 2 | Freshtrop Fruits | 30 | 26 | Hold | 17.33 | Bonus:2:1 | 88 | 407.69 | 91.53 |
| 3 | Technocraft Ind | 30 | 90 | Hold | 90.00 | 385 | 327.78 | 78.85 | |
| 4 | PTC India Finance | 30 | 14.75 | Hold | 14.75 | 39 | 164.41 | 47.54 | |
| 6 | APM Industries | 34 | 25.5 | Hold | 25.50 | 68 | 166.67 | 41.37 | |
| 7 | Kitex Garments | 34 | 77 | Buy on declines | 77.00 | 492.5 | 539.61 | 92.50 | |
| 8 | Muthoot Capital | 34 | 80 | Hold | 80.00 | 232 | 190.00 | 45.61 | |
| 9 | Alembic Pharma | 35 | 191 | Hold | 191.00 | 675 | 253.40 | 54.16 | |
| 10 | Dynemic Products | 36 | 14.5 | Hold | 14.50 | 80 | 451.72 | 76.70 | |
| 11 | Premco Global | 36 | 33 | Buy on declines | 33.00 | 561 | 1,600.00 | 157.13 | |
| 12 | Shree Ajit Pulp & Paper | 36 | 38 | Hold | 38.00 | 228 | 500.00 | 81.71 | |
| 14 | Bharat Agri | 36 | 82 | Buy on declines | 82.00 | 82 | 0.00 | 0.00 | |
| 17 | Shilpa | 37 | 170 | Hold | 113.33 | split 2:1 | 576 | 408.24 | 69.43 |
| 22 | Can Fin Homes | 41 | 153 | Hold | 153.00 | Ignored Rights issues | 1830 | 1,096.08 | 106.75 |
| 23 | Kovai Medical | 42 | 166 | Hold | 166.00 | 820 | 393.98 | 57.83 | |
| 26 | Acceleya Kale Solutions | 43 | 365 | Buy on declines | 365.00 | 1382 | 278.63 | 45.00 | |
| 27 | Orbit Exports | 44 | 72 | Hold | 72.00 | Ignored Bonus 9 July 2012 | 268 | 272.22 | 43.11 |
| 28 | Poddar Pigments | 45 | 51 | Hold | 51.00 | 232 | 354.90 | 49.78 | |
| 29 | Lumax Auto Tech | 45 | 156 | Hold | 156.00 | 508 | 225.64 | 37.00 | |
| 31 | Ajanta Pharma | 46 | 257 | Hold | 102.80 | 20/03/2015 Stock Split From Rs.5/- to Rs.2/- | 1956 | 1,802.72 | 115.65 |
| 32 | MPS Ltd | 46 | 111 | Hold | 111.00 | 678 | 510.81 | 60.33 | |
| 37 | Narmada Gelatine | 50 | 133 | Hold | 87.33 | Bonus 1:2 | 137 | 56.87 | 11.41 |
| 40 | Sree Rayalseema Hypo | 52 | 45 | Buy on declines | 45.00 | 132 | 193.33 | 28.19 | |
| 42 | Ashiana Housing | 52 | 34 | Buy on declines | 34.00 | Spilt was already considered (oct 2013) | 147 | 332.35 | 40.19 |
| 44 | Ansal Properties | 54 | 32 | Hold | 32.00 | 19.35 | -39.53 | -10.58 | |
| 46 | Mayur Uniquoters | 56 | 52 | Hold | 52.00 | Ignored Bonus March 2014 | 436 | 738.46 | 57.72 |
| 47 | Nesco | 59 | 560 | Hold | 560.00 | 1916 | 242.14 | 28.43 | |
| 48 | Atul Auto | 59 | 71 | Hold | 35.50 | Split Sep 14 | 482 | 1,257.75 | 69.98 |
| 50 | Oriental Carbon | 60 | 120 | Buy on declines | 120.00 | 716 | 496.67 | 42.94 | |
| 55 | Piccadily Agro | 64 | 46 | Buy on declines | 11.50 | Twice 1:1 Bonus | 12 | 4.35 | 0.80 |
| 56 | Smruthi Organics | 66 | 135 | Hold | 135.00 | 125 | -7.41 | -1.39 | |
| 57 | Astral Poly | 66 | 49 | Hold | 24.50 | 25/09/2014 Split 2 to 1 | 438 | 1,687.76 | 68.92 |
| 59 | Avanti Feeds | 67 | 33 | Hold | 6.60 | 26/11/2015 Stock Split From Rs.10/- to Rs.2/- | 603 | 9,036.36 | 124.48 |
| 68 | Harrison Malayalam | 74 | 90 | Hold | 90.00 | 75 | -16.67 | -2.91 | |
| 73 | GRP | 77 | 875 | Hold | 875.00 | 1515 | 73.14 | 8.93 | |
| 76 | Poly Medicure | 79 | 50 | Hold | 25.00 | 02/02/2015 Stock Split From Rs.10/- to Rs.5/- | 383 | 1,432.00 | 51.37 |
| 77 | BNK Capital | 79 | 33.6 | Buy on declines | 33.60 | 38 | 13.10 | 1.89 | |
| Avg X times return | 6.90 | ||||||||
| Avg CAGR | 51.29 | ||||||||
One can observe that he has also evolved over the time like other great investors.He also has a mixed portfolio . Some of the stocks have very high quality while some are avg quality stocks and even some mediocre companies( to just prove , he is also human being :) ) . That is all indication of evaluation as good investor over the time .Notably , he hadn't stocks from the following list . When , the whole world was crazy for buying the following stocks , he might be busy in buying Avanti Feed (90 bagger ) and Astral Poly .
Source : https://kiraninvestsandlearns.wordpress.com/2015/10/11/learnings-from-recent-history/ (Image used without permission :) , I regularly visit this page to be just on my toes )
If one has followed him from last 7.5 years then one might have converted Rs 100 into 700 (6.9x ). It doesn't look extraordinary for the man of his caliber . But this ratio is again deceptive . It doesn't cover sequential multibagger which is less talked term and as per me It is 1 st wonder of investing world . Let me explain you . If he made 5x from 1 stock in 3 years and reinvested that 5x into another stock for 3 years and it also gives 5x return then the whole amount at portfolio become 25x in 6 years but our calculation will indicate avg 5x (both entries avg). The churning of the portfolio is good if you are able to find sequential multibaggers .While ,big single stock return catches the eye , sequential multibaggers don't catch one's eye but they have very good impact on the overall portfolio and wealth creation .
Ayush's overall average CAGR comes around 51.29 , which is a true indication of stock picking skill . I like to evaluate an individual stock based on cycles, if brought on mid phase of bull/bear phase then return should be calculated on mid phase of next bull/bear phase if it is really long term stock .But , since the portfolio is built on the regular basis we can evaluate based on CAGR of holding period .Even if we give discount considering an all time high small and mid-cap indices , still , it is very much impressive .
Must Read : https://microcapclub.com/2016/10/the-maturation-of-an-investor/
Must Watch : http://stalwartvalue.com/video-talk-delivered-at-fil-alumni-meet-pune/
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How can you do a portfolio CAGR, without knowing the allocations?
ReplyDeleteHi Akabar ,
DeleteYou are right . I have calculated CAGR for holding period of each stock. Then, taken avg CAGR of all stock in second list assuming same allocation. This is the average CAGR for his stock discussion/recommendations till he used to publicly disclose them. Based on allocation portfolio CAGR may vary . His own portfolio CAGR might be even better since his price might be lower .
Yes.. actual performance will be much better as the allocations would be higher for the winners than the losers.
DeleteV2W Sir, Wish you and your family a Happy Diwali.
ReplyDeleteHi Anand ,
DeleteWish you very happy Diwali and Samvat 2073. I hope your compounding m/c for all your stock investments continue with same or higher speed in Samvat 2073 as well .
Good article.how can we know his new picks?whenever stock become multibagger only then small investor know and get trapped.way2wealth can help in early recognition of stocks.
ReplyDeleteHello Everyone ,
ReplyDeleteI wish to everyone a very happy Diwali and Samvat 2073. I wish and pray your compounding m/c for all your stock investments continue with same or higher speed in Samvat 2073 as well .
Hi V2W Sir, I find your blog today and looks very interesting. It is very impressive to see the returns of the stocks that are discussed on this blog. Can you please share few ideas for long term investing (3-4yrs time frame)? Your analysis and details on the companies is amazing. Thank You.
ReplyDeleteWish you a happy Deepavali and samvat 2073 wishes to you and your family brother,
ReplyDeleteHi V2W Sir, Can you please have a look at Genesys International. It posted superb Q1 and Q2 results. Also the fundamentals also look good for me. Can you please let me know your views on it, any positives or negatives.
ReplyDeleteWell well well......thanks alot for olympia industry getting its valuation day by day. Hats off yo you my friend. well need your opinion on ADF food for long term. 1.debt free 2. promoters increasing their stake 3. ashwin kedia, dolly khana giant investors are holding in adf 4. more than 50 products whats your view on adf food ???
ReplyDeletegreat info
ReplyDeleteHi v2w sir, pls suggest some new mulltibagger stock idea. Below rs 100 which potential us very high.
ReplyDeleteSir
ReplyDeleteYour views on JET FREIGHT LOGISTICS LTD. Recently listed in NSE SME segments. It looks very promising. Here is the link of recent interview of the company's. MD.
http://indianbusinesstv.net/view/1781/richard-theknath-md,-jet-freight-logistics-pvt-ltd/
hello sir i have joined the blog now can i know abt 2015_2016 stocks investment by mittal family as the data only upto 2014
ReplyDeleteHi Sachin ,
DeleteEven I don't know , I am also eager to know . However , If one go by his tweets then he might holding Thyrocare .
Dear Sir, plz suggest the stock at current situation , eagerly waiting your find new multi beggar stock. thanks a ton
ReplyDeleteEven though market has corrected a bit but still I am not able to find new value pick at current valuation which can suite my style of investing . Some time we need to wait patiently for good opportunity .
DeleteHi V2W Sir,
ReplyDeleteWish you and your family a Merry Christmas and Happy new year.
Sir need your views regarding PM Modi hint regarding long term capital gains tax increase which might happen in coming budget. This might cause more outflow of FIIs and if DIIs sell then there might be deep correction of our markets.
Should we sell any shares and hold some cash.
Your valuable views please.
Hi Anand ,
DeleteNot sure about govt intention but so far It doesn't look they will impose long term capital gains tax on equity .
It is always good to hold some cash when market is at peak and find difficulty for next up move .Current market don't have valuation comfort for quality stocks but some individual stocks may be at reasonable valuations .
Wish you very happy and prosperous new year . I wish and pray your compounding m/c of wealth continue to run at good rate even in 2017 .
Sir,
ReplyDeleteMissing update for long.
Agree , It is due but busy and also I am not able to find new value pick at current valuation which can suite my style of investing . Some time we need to wait patiently for good opportunity .
DeleteWish all of you very happy and prosperous new year 2017 . I hope your compounding m/c for all your stock investments continue with same or higher speed in 2017 as well.
ReplyDeleteSir,
ReplyDeleteWish you very very happy new year 2017.
Hi Value2wealth , Please suggest for new year stock or sector which you like
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteSharing all of the Multibagger stocks in details is a very good Ideas.
ReplyDeleteRakesh Jhunjhunwala
Sir, We miss you for a very long period
ReplyDeleteSir, May we know the reasons for your long absence
ReplyDeleteHi Rajendiran ,
DeleteI am not able to find stock picks which has risk reward in my favor for my holding time horizon of 3-4 years .
Once can make good money if has very short term time horizon in this market . Previous bull market taught me lot of daily gain in full swing bull market is virtual wealth creators , not actual . I want to remain in game , so preferring to hold cash instead of investing in new ideas . Although , I have few favorable bets( of course, not multibaggers) but not able to commit money for them. I want to share only those idea which have high margin of safety with growth to my blog followers.
OK, We will wait.
DeleteSir, Please update the blog.
ReplyDeleteSir,
ReplyDeleteOlympia industries came out with Q4 results. http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/0aff3530-6a16-4776-be52-4fe0df31a469.pdf
Sales increased by more than 100%. Ofcourse
Whereas Netprofit decreased by 70%. Last year Quarter's Other Income was significantly higher than this year's Quarter.
How do you interpret this result?
Regards,
Jagadish
Hello bro we missing u a lot, Please share your view on OLYMPIA IND result :)
ReplyDeleteYour analysis about the e-com players have been very helpful for me to understand the business. I try to invest in the business which i can understand and are in trend, E-com is the perfect example of these kinds. You have very beautifully explained the business but i think the learning will go to next level if we will try to decode its results and the balance sheet to further analyse the growth or proceedings of business.I meant what is the significance of increasing inventory with comparison to trade payable or receivables. Going forward will the commission it is paying or the warehouse rent it is paying to Amazon will come down as it grows bigger. There are so many doubts in my mind and i am finding it difficult to understand and i want your expertise or your followers views about them. It will be very helpful of you if you can throw some lights on its results. Thanking you in advance and God bless.
ReplyDelete