Nice article on reading. Apt time of the year to take up this 
Posts in category Value Pickr
Midhun’s Investment journey and Space to organize investment ideas (03-01-2024)
Eicher Motors (03-01-2024)
Playing devil’s advocate :
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Brand loyalty : I used to think the same but recently I joined the r/indiabikes, the biggest Indian bikes reddit sub. Opinions on RE are mixed at best, so brand factor may not be as strong as we thought.
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New engines : No comments.
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Exports : India is the biggest growth market. A lot of overseas markets ( such as US) are pretty stable, i.e no growth in motorcycle market. This means RE has to dislodge incumbents to gain lead. Not sure how well it can do that. And even if it does, the TAM( guessing) would be smaller compared to India.
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Accessories : I doubt accessory business would do well if sales are not doing well, it’s called accessory for a reason after all.
Disc : Eicher is a small part of my portfolio, was looking to add more on corrections, but now I’m thinking maybe I should wait for the results. All said I agree with you guys that long term RE will likely out execute others.
Common Man’s Portfolio (03-01-2024)
Portfolio Update
Portfolio at ATH
Exits: Sold GAEL fully as target achieved. Reduced stake in AMI since guidance has been reduced by the management however long term story intact. Sold MAS fully as it broke important support. Sold Gujarat Themis fully ,It has run fast ahead of it’s time. will Re-enter later.
Entry: Added Shri Ram Pistons, valuations are OK, their recent acquisitions of 2 companies might provide deeper value. 1 company(R&D) is Singapore based and has Motor patents for EV sector.
Added SKM Egg Products their margins are steady as they have forward and backward integrated with poultry farms and poultry egg powder. In this hot market valuations provide head room for growth. Last year run up was due to Bird Flu in US and UK.
Bharat Bijlee it had a 16 year break out and changed it’s business model from solely depending on State Electricity boards to Private Orders. Electric sector has been booming lately and BBL is bit late. But better late than never.
Tata Tech entered for short term and stuck here. will be out soon.
CINSystech Orderbook is strong for 2 years, company is getting continuous orders from MH and UP States.
PrevestDenPro: Financial Parameters are strong and new products are getting introducd.
- Credit Access(31%)
- Shivalik Bimetal(17%)
- Shri Ram Pistons(10%)
- CIE Auto(10%)
- SKM Egg (7%)
- Tata Tech (7%)
- CEINsystech(4%)
- AMI Organics(3%)
- BBL(3%)
- Gufic(1.5%)
- PrevestDen(1%)
Rest Cash
Jasch Industries Ltd – value unlocking possible? (03-01-2024)
Patiently waiting for listing taking too long:sob:
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Investing Basics – Feel free to ask the most basic questions (03-01-2024)
In Block deal why a company sell/buy Qty,name etc are same.
What does it mean ? Is same company selling and again buying or what?
please guide.
India’s emerging Drone Industries: Companies those are leading in setting up Drone Manufacturing plants in India (03-01-2024)
In 2023, India’s commercial drone industry didn’t just grow; it soared, nearly doubling its fleet with registrations rocketing from 4,972 to 9,842 on the DGCA’s DigitalSky platform — an astonishing 98% increase.
Senco Gold: Upcoming gold story! (03-01-2024)
(post deleted by author)
Portfolio Analysis (03-01-2024)
Hi everyone,
Im pleased to be in this community. Have heard a lot about this group. Would love for some of you to audit one of my portfolios.
Hopefully it’ll give some people investment ideas and give me precaution and exit strategy.
Common Man’s Portfolio (03-01-2024)
MIT and Micro straregies fund a scheme of old bridge are managed by same fund manager
Senco Gold: Upcoming gold story! (03-01-2024)
Senco Gold – 03.01.2024 – Interview Notes:
• Q3 first half has seen good growth; Dec onwards demand tapered due to higher gold prices
• 20-25% growth seen in Q3FY24
• Increase in Gold Prices is keeping the demand in check but consumers are happy to see the value of existing jewellery going up
• Growth in Diamond Jewellery – 14C, 18C products is showing good demand
• Profits improving due to premiumization
• 18-20% growth guidance held for the year; Q4 may not be as good due to seasonality
• Diamond share is at 12% of the whole revenues – targeting 15%+ in coming years
• H1 – 33% Diamond, 11.4% Gold
• 80% of the inventory remains hedged (making charges is where they earn their margins)
• Trying to balance b/w growth and margins via diamond growth and discounts / offers
• Stores: 153 stores (4-5 stores in Q3FY24 and 3 stores to be opened in Q4FY24; 18-20 stores opened in FY24) – 60-70% Company-owned, Rest is franchise owned
• SSSG at 19%
• 1-1.5% market share at a national level; much better at a regional level
• Online: Lighter jewellery doing well as customers are getting comfortable; Heavier jewellery remains more retail stores based
• Lead generation and digital led retail sales is what one needs to look at
Disc: Invested
Link to the interview: https://youtu.be/AXw-dTO9V64?si=8T6HkrieRb9YbM61