Akash Portfolio

Current portfolio comprises of following companies:

Senco Gold Ltd
SGL is a Pan-India jewellery retail player with dominance in the eastern region of India. Its products are being sold under the trade name “Senco Gold & Diamonds”.
It plans to expand in the north and west region with company owned showrooms in Tier 1 cities and franchise owned company operated showrooms in other regions. Increase in franchise showrooms will lead to higher margins in future.
Majority of its sales comes from low margin gold jewellery and they are focussing on increasing the studded jewellery ratio to improve margins.
I have allocated a big portion of my portfolio in this company looking at good valuation.

Borosil Ltd
Demerger timeline is getting extended. It was supposed to happen in September but no information has been provided till now.
There is also a delay in receiving delivery of imported equipments / machinery from Europe required for setting up of the furnace with 25 tonnes production capacity for borosilicate glass at Jaipur, Rajasthan. The project is likely to be commissioned on or before January 31, 2024.

Lotus Chocolate Company Ltd
Reliance Consumer Products have changed the management and auditors of this chocolate company after the takeover. No new information regarding business change has come till now.

Central Depository Services Ltd
IPO season should benefit the company in this quarter. There is a plan to reduce the duration of stock transfer from T+1 to T+0 where the transfer will happen within 1hr to the depository. This can reduce intraday volume but increase the revenue through transfer and depository charges.

MagSon Retail & Distribution Ltd
It is engaged in the retail and distribution business of gourmet, frozen food and speciality foods located in western region. Under the Retail Business, currently, the company operates 26 retail stores/outlets of which 16 are operated by the company and 7 are operated by franchise owners and 3 stores are operated under 2 joint ventures, MRDL operates all its stores under the registered brand name “MagSon”.
Their own brand RF Gourmet, has a range of premium products such as French Fries, Fiery Fries, Chilli Garlic Potato Shots, Delhi Aloo Tikki, Veggie Burger Tikki, Chunky Fries, Eggs and a range of Chicken Seekh Kababs. All products in this brand are sourced from top vendors ensuring premium quality and then are packed and marketed by Magson under this Brand.
I have allocated a small amount to it and will further increase the position after seeing next quarter results.

Studds Accessories Ltd
Sales grew by 8% and profit by 16% this year. ROE is 9%. I won’t allocate more at present as IPO may be delayed further.