Trent was and is definitely over valued if you look with a lens of Q2 earnings. I did cut some and added those stocks where growth is more than Trent, but those are a short term play and done to reduce my portfolio allocation in Trent which crossed 75%. Trent is now a clearcut market leader and is a long term story. Yes valuations are high and has even crossed market cap of H&M which is less than 2 lakh crores. The Global store count of H&M is 4369 and P/B is 5.99 in contrast Trent has less than 1000 stores and P/B is now reduced to below 50 levels. Even smaller Indian retailers are available at premium for example V2 retails is at 100 PE and 15-16 time P/B. Shopper stop is at P/B of approx. 27 Red tape P/B is near 20. Overall fashion retail space is overvalued, so is Trent. My plan is to add more if price goes down to 4000-5000 range even if my allocation goes up.
Disc: Still my largest holding so very biased, bought at very low price. Not a buy/sell recommendation. I am not capable of giving any advice. Views are based on my very limited knowledge. Many a times I was & I can be wrong in all my assessments.
Posts in category Value Pickr
Trent — A value unlocking story from the house of TATA (11-11-2024)
IPO Review – Discussion until listing (11-11-2024)
Onyx Biotec Limited is a pharmaceutical company providing sterile water for injections.
Getting to Know Onyx Biotec Ltd. | Exclusive interview with Mr Harsh and Mr Lakshya | SMEmitra
Holmarc Opto-Mechatronics – R&D play (11-11-2024)
An incorrect assumption that we might be making is that only retail reads Valuepickr.
Vivek Gautam Portfolio (11-11-2024)
AKUMS just posted the Q2 results, wherein the YoY revenue dipped a bit, whereas new profit doubled. However, the market has not cheered this news with the stock being down 4% today and about 40% down from its peak post-IPO in August.
If anyone attended their con-call, can you pls share your notes?
Looking to understand the growth story from here, and short term triggers if any
thanks
Great articles to read on the web (11-11-2024)
In the entire article, there’s just like 2 sentences on how he performed scuttlebut!
He hired someone to do it 
Antony Waste – Long Term (11-11-2024)
This not weak it is normal quarter with no one off incomes unlike last year .
The average QTR EPS is 4.5 Growing at low single digit YOY …
Annual EPS at 18 Gr with low single digit utility company getting revenue from Municipal corp ( low grade Govt entity below PSU , central and state ) should trade at low single digit PE … < 180 Rs
ValuePickr- Mumbai (11-11-2024)
Hello @manish962 ,
Am interested to join this group. Please add me and let me know if you need any further infromation.
Great articles to read on the web (11-11-2024)
Nice read. A much more detailed look into the AMEX Bet !!
Biggest takeaway was how Buffett performed Scuttlebutt. Amazing !
Aarti Industries – Integrated Diversified Player on Benzene Derivatives (11-11-2024)
The point is most of it is circular business … That is what future group did …
Aarti Industries need to increase confidence now by getting promoters to buy the stock now that the stock is down significantly and they believe EBITDA will increase by 100% in next 3 years …
Manappuram Finance (11-11-2024)
Agree on the taboo part. I’d like to point out, if you see the newspapers, every 3 months of so, the gold companies publish multipage small font list of gold loan defaulters; spanning multiple pages (like the lost UTI share certificates list of yore). and I believe some of the charts point to lower income people as the largest base of borrowers. which has the highest rate of default(whether gold or normal loans BTW)