1. Sir, what is the point if you don’t look up basic numbers? My previous posts have said standalone PAT was 396crs. I’m not going to post screenshot, you can check the standlaone FS for yourself. Standalone business refers to Food Delivery, which I used synonmyously in my previous post. Q4 PAT was 396 crs and the business is already at roughly 1700 crs ARR. Much of it is due to high other income, but the gap is expected to narrow as business grows sustainbly.

2. Adjusted EBITDA to PAT bridge is given in every shareholder letter and you can check how broadly the numbers are same since other income cancels out ESOP expense and rental expense etc… Given how they’re generating cash, I only expect it to inch up.

If you don’t see the fallacy in using the same PAT estimate for the next year, then its disappointing. Blinkit itself has broken even in March. So, Q1FY25 margins even on a console level will be higher due to normal trend up in Zomato and near 0-0.5% margin in Blinkit

3. Sir again, how much capex? Blinkit itself is asset light due to FOCO model. Going out is built asset light. Hyperpure – granted is an asset heavy business. But how much capex? Total capex is not likely to be more than 600 crs in my view. That’s not a huge number in any way.

In any case, here is Kotak estimates for you

In any case, the beauty of markets is differing opinions. If its frothy, don’t buy or sell / I find immense value in these valuations right now given its a large cap.

Hello VPs,
I am excited to present to you https://www.dumbinvesting.com/.

Features
i) Check monthly mutual fund disclosures for top mutual funds
(Eg link → Dumb Investing | Mutual Funds & Stocks – Old Bridge Focused Equity Fund)

Use case → Want to get a new idea and track the portfolio of the fund manager of your choice for ideas?
Tracking fund managers is always better than tracking celebrity investors as you will know when they will exit the stocks.
So you will not be an Abhimanyu.

ii) Filters the stocks in top mutual funds based on portfolio percentage, mutual fund ownership in the company, stock category, first bought date, etc( Eg screener → Dumb Investing | Mutual Funds & Stocks – Stocks)

Usecase – Check recently added stocks, recently sold stocks, etc

iii) Check the holding change in top mutual funds for any stock over the last 1 month, 2 months, 3 months, and 6 months. (Eg link → Dumb Investing | Mutual Funds & Stocks – Zomato)

Usecase – Check the top mutual fund’s activity for the stocks in your portfolio over up to 6 months.

Note → Here New tag means, that it was added first time in that month.

Here, instead of tracking all mutual funds, we are tracking only top mutual funds just to avoid noise in filters and the stock page.

Guiding principles

1. To track only those instruments for which we know with certainty when they sell like mutual funds, research services, or small cases with minimum delay(max delay = 1 month).
2. To track mutual funds, small cases, or research services that are reputable to avoid noise and increase chances of success as basic checks like forensic would have been already done specially for not to common stocks.
3. Keep it simple and easy

Please share your experiences.

Upcoming features feedback
Please help us with which feature looks helpful and you might pay for it.
We will build the features based on feedback.

1. We are thinking of building a notification system(through emails) where you can add notifications when a stock is sold by a top mutual fund or group of top mutual funds.
   My thoughts → Might be a good indicator to rethink the stock buying or holding decision.

2. Add a volatility stop-based indicator on any stocks and trigger emails based on it.
   My thoughts → Might be a good indicator to rethink the stock buying or holding decision as per SOIC.
   Volatility stop is provided by Tradingview but taking Tradingview subscription just for volatility stop seems unjustified.

3. Integrate the sector update reports, management meet reports, and initial coverage reports.
   My thoughts → When a stock gets added by top mutual funds, many times it gets difficult to know their thought process. Reading research reports might help.

4. Integrate relative strength percentile, and volatility stop in the mutual funds-based stock screener.
   My thoughts → Two good indicators as per SOIC. Buying positive volatility stops stocks helps us to rethink our buying decision when it turns negative.
   Relative strength is a good indicator for buying as it can judge the momentum.

Good read on the company – Virtuoso Optoelectronics Ltd – by Dhruva Pandey

Thanks for Sharing ur knowledge so generously . Regarding the excel of ur holdings shared above, what about some of the other positions u have spoken about in past or on this thread ? Such as , Shelter Pharma , Auroimpex, Kamath Hotel . Do u have those in ur portfolio too currently or the above xcel is comprehensive view of ur holding ?