Posts in category All News
Lok Sabha gets Leader of Opposition after 10 years as Rahul Gandhi appointed as LoP in lower house (25-06-2024)
Shriram Pistons & Rings Ltd (25-06-2024)
I used chatgpt to extract key details from the earnings call. Sharing here for everyone’s benefit.
Link: https://chatgpt.com/share/2cbecd37-2271-4199-a738-9b62c08637f7
Note: I had a hard time understanding this line - Investment in areas agnostic to the powertrain to ensure long-term growth and stability
Here is what it means:
Agnostic to the powertrain: “Agnostic” in this context means not specifically tied or dependent on any particular type of powertrain. A powertrain refers to the mechanism that drives a vehicle, including the engine, transmission, and drivetrain. Examples include internal combustion engines (ICE), electric powertrains, and hybrid systems. Being “agnostic” means the investments are not dependent on or specifically designed for any one type of powertrain.
Disclaimer: Not invested yet. Will be adding in near term.
Home Pay: Overseas Indians send back over $100 billion, again (25-06-2024)
India’s absolute external debt up 6% as of Mar ’24 amid higher servicing costs (25-06-2024)
Market trading guide: JBM Auto, Apollo Tyres, City Union Bank among 7 top stock recommendations for Wednesday (25-06-2024)
Amoul Portfolio (25-06-2024)
There are a few pre-screens that I have, here are a few things I look for
- EPS should be More than 20
- Top-line growth should be more than 25% for the last 3 years
- Promotor should have skin in the game (good percentage of holding and this should be the only holding they have)
- PE ratio: High PE is okay as long as PE < 2-time profit growth
- The company should have a market cap between 300Cr to 30000 Cr
- There are other indicators like asset turnover, OPM, and PB ratio which vary from industry to industry
Once I have a basic prescreen then do a business model evaluation. I typically like stocks from the consumer, banking and IT sectors which are more secular.
LT Foods has grown at around 30% for the last 3 years which is good considering the nature of the business. Even if they grow at 25% stock should do well considering it is trading at a low PE. If there is PE expansion it will be icing on the cake.