Thanks Akshay, exactly on those lines are my questions.
Whatever I have read is that textile is a cyclical industry where India and China swap winning position every four or five years[1][2] but when I tried to validate this theory I couldn't find out the multi-baggers of the earlier cycle(possibly between 2006-2010). Secondly I found people try to relate success of Indocount, Welspun India , Lambodhara with that of Page, Kitex , KPR but we all know that Page Industry and the like started their dream journey lot earlier even when cotton spinning industry was in doldrums.
[1]http://rakesh-jhunjhunwala.in/porinju-veliyaths-latest-stock-pick-looks-inspired-by-dolly-khanna-prof-sanjay-bakshi-kenneth-andrade-anil-kumar-goel/
[2]http://www.indiantextilejournal.com/News.aspx?nId=L6TbCr/tpyio3Omofi90Lw==
Posts in category Value Pickr
Indocount notes from AR (21-11-2015)
Diversified Portfolio with growth target of 18-20% CAGR (21-11-2015)
you could look at NESCO and REPCO - shiv kumar
Ajanta Pharma (21-11-2015)
Hello Sandeep,
How to find market share information for a particular drug ??
Diversified Portfolio with growth target of 18-20% CAGR (21-11-2015)
Hi All,
I am new to ValuePickr forum, and have learnt a lot by reading good analysis of various businesses done by experienced investors. Though I have been investing since 2004, I have learnt the art and science of value investing after joining some paid forums and also exploring ValuePickr forum post April 2012.
I have managed to generate around 25% CAGR so far, thanks to the positive gains in market post September 2013.
My stock selection strategy is as below:
1. Look for business with ROE and ROCE close to 20%.
2. Moderate or High growth (12-30% EPS CAGR) depending on the stock.
3. Good management quality.
4. Debt to Equity ratio of less than 1.
5. Stocks which are reasonably or undervalued compared to industry.
6. Avoid real estate, power, cement, commodity stocks as far as possible.
7. Look for minimum 15% CAGR for next 3-4 years in case of Large Caps and higher in case of small caps and midcaps.
8. Believe in diversified portfolio of about 20 stocks, as much as possible. At times, I have gone till 22 stocks but not more than that.
9. Being from IT background, comfortable with IT business apart from Auto, BFSI, FMCG, Textile, Chemicals and few others.
Following is my current portfolio.
I am looking for suggestions about this portfolio.
I would like to continue with strategy of having 60-70% in large caps, and remaining 30-40% in mid caps + small caps, but I am open for some new upcoming businesses which can give me 25% CAGR returns. My horizon is up to 8 years or so considering that most of the goals are in that time period or after that.
I am looking for alternative for Accelya Kale, since upside from here looks limited to me. Also, I am aiming to reduce TCS to 10% of the portfolio since believe in diversification and trying to identify an alternative for it. CYIENT have been identified as one of the alternative and also exploring some product based IT companies.
I am also exploring Deccan Cements, Nitin Spinners, Gulshan Polyols, and Chamanlal Setia as few small cap additions to this portfolio.
Suggestions from all are welcome.
Thanks.
Indocount notes from AR (21-11-2015)
Hi Divi,
I think, Ishan's question has got more to do with dynamics on demand and supply side.
Strides_Arcolab (21-11-2015)
Great going! gets ANDA approved for a product having US market of USD470m with patent expired a day before on 20th Nov.
http://www.moneycontrol.com/livefeed_pdf/Nov2015/CAB46864_4598_422A_ADCB_0648F8C8F70F_134801.pdf
Why has holiday resorts and tourism struggled so much in India despite all seasoned investors heavily betting on it for last few years? (21-11-2015)
I completely agree with @varadharajanr. In last one year, whenever I checked with my friends and family about their holiday plans, I heard almost all of them have done their booking themselves, whether domestic or overseas.
With more money coming into this sector with starts-ups like OYO etc. trying to go one step ahead by standardizing the customer experience, competition has gone up quite a bit in last one year. So I would expect margin pressure for all older players like Sterling Holidays, Mahindra Holidays etc in the short to medium term.
Thomas Cook India-Will it move like Warren Buffet Stock (21-11-2015)
Your point "things are always fluid"
My disclosure "Disclosure: Invested for last one year. I regret that I overlooked disclosing my interest."
and
"Unfortunately, things are never so simple or straightforward that all/a majority of investors will exit a stock based on some point about which there is no clarity."
The same thing as you have said, in different words. Why do you think I did not exit.
Indocount notes from AR (21-11-2015)
Ishandutta..
Its eps has grown from 7.6 to 49 in last 2 and half years,coupled with rerating stock has gone up multi folds..and also it has discounted future earnings due to its expansion..IMHO.
Panyam Cements & Mineral Industries Ltd – turnaround taking roots? (21-11-2015)
Vinay..
Is not katwa looking so cheap considering its expansion in comparison to panyam in same small cap space.
Discl: Invested in both katwa and panyam