List of stocks in Little Champs Portfolio Of Saurabh Mukherjea Marcellus PMS

This is a complete list of stocks held in the Little Champs Portfolio Of the Marcellus Investment Managers PMS managed by Saurabh Mukherjea.

Little Champs portfolio composition and brief description

(1) Garware Technical Fibres

Starting out as a supplier of cordage products to domestic fishing and shipping industries, the Company successfully diversified into sports, aquaculture and other sectors across global markets backed by strong product innovations and customer connects. Value added products now account for >60% of total revenues.

(2) GMM Pfaudler

Dominant supplier of glass lined equipments (GLE) to the domestic pharma and chemical industries backed by technology from parent Pfaudler (a global leader). Successful diversification into adjacent products helped by strong customer relationships in core GLE portfolio. Profitability and RoCE metrics significantly ahead of peers as the latter have been devoid of scale in India.

(3) Alkyl Amines Chemicals

Leader in supply of aliphatic amines to pharma & agro-chemical industries. The company has been successful in expanding its product baskets in higher value-added products on the back of strong R&D strength and focus on the niche amines space.

(4) Galaxy Surfactants

Leading olechemical based surfactants supplier to Home/personal care players in India (-60% mkt share) with strong global presence (2/3rd revenues outside India). Enjoys strong patronage of leading customers like Unilever, P&G etc backed by quality, consistency and innovation capabilities.

(5) Ultramarine & Pigments

A global top-3 supplier of Ultramarine Blue pigment with strong inroads into export markets in recent years. The company is also a leading supplier of surfactant particularly to South India based FMCG players.

(6) Amrutanjan Health Care

Second largest player in the head painbalm category (-65% of revenue). The Company commands high market share in certain states like Tamil Nadu (traditional market with >5096 market share), Kerala, Orissa and West Bengal. In the recent years, the company has also diversified into newer segments such as body pain balm, sanitary napkins (Comfy brand) and beverages (Fruitnik brand).

(7) Mold-Tek Packaging Engineering

Leading supplier of injection moulded rigid plastic containers to paint and lubricants industries with a strong presence across all leading players like Asian Pain., Berger, Castro!, Shell etc. Competitive advantages surround innovation and backward integration (in-house moulds, label development) which places company in a strong position to capture market share particularly as In-Mold labelling shift takes place in Food & FMCG packaging.

(8) Suprajit Engineering

A leading supplier of mechanical cables to domestic 2Ws, the Company has been able to make inroads into domestic and export PVs in recent years helped by its immense cost advantages over MNCs in both domestic & global markets.

(9) PPAP Automotive

Leading supplier of weather strips to the domestic PV industry helped by a strong Japanese technical partner and backward integration (in-house tools etc). Looking to increase content per vehicle through diversification into automotive plastic parts.

(10) Sterling Tools

Second largest Indian automotive fasteners supplier (largest in North India), company is now looking at penetrating the southern based OEMs through a new plant commissioned in Karnataka. The Company is also looking at enhancing product and process capabilities through tie-up with Meidoh, a leading fasteners player in Japan.

(11) Lumax Industries

Largest automotive lighting supplier in India backed by strong technology partners (Stanley, a co-promoter in company and S L Corporation) and a diversified presence across vehicle categories & OEMs.

(12) V-Mart Retail

A leading retailer of low-ticket apparels in North India particularly in Tier 2/3 locations. Strong financial performance (amongst the best RoCE generating retail company in India) backed by superb inventory management, calculated .ore expansions and investments into technology.

(13) La Opala

A Leading supplier of opalware with >5096 market share. The company has been primarily responsible for creating/growing the category through investments into manufacturing automation and passing on the ensuing cost benefits to bring down the price gap vs large incumbent tableware categories like steel and plastic.

(14) Music Broadcast

Second largest Radio FM player in India. Growing focus on tier 2/3 cities helped by strong parentage (owned by Jagran Prakashan, a leading newspaper publisher in Hindi Heartland) and conservative capital allocation has led to significant outperformance over peers.

(15) DCB Bank

A SME/ MSME focused lender with strong asset quality track-record. Over 95% of the loan book is secured with high degree of granularity. Improved productivity of branches set up in recent years to aid earnings growth and RoE improvement.

(16) MAS Financial

Gujarat headquartered NBFC lending to SME/MSME via two models – direct lending and lending to NBFCs which in turn lend to SME/MSMEs. Unique business model of lending to NBFCs on the asset side and building liability side by way of assignments, thereby enabling it to make large NIMs with NPAs of under 1%.