Mann’s Portfolio

Hey Sandeep.
Actually i havent updated my new position here
I sold out Brand concepts recently except for few 100 share in family account
I know Ashish Sir has entered and i know it is a big story itll be probably a 5x from here too but im not comfortable holding it now at 65 pe (Pe at which i sold)
Instead i was feeling much more confident in Creative newtech which in my calculations is at 10x 2Y forward PE with the business model same as that of Brand concepts with the differenct that they are into electronics meaning even better margin and possibly better valuations since Electronics is more niche than fashion and Galaxy Bearings which is undergoing humangous capex almost 3x of Og net block in CWIP And another 23 crores in Mutual fund that will be deployed for capex
As a part of scuttle but i recently met their logistic partner in Rajkot who’s office resides just kutside Galaxy’s office
In his words – Their Foot print in export is very strong, they dont even catter to domestic demands on enquiry they Catter to only Exports at large
Majority of his assignments from Galaxy are also directed towards Mundra port as a Supply chain for export orders
The normal Asset turnover is 8x-10x on the Net block see SKF, Timken, Scahffler
Post total completion of Capex the total capacity should be more than 65 crores (After depreciation)
Meaning more than 500 crores of sales taking view of 4-5 years (From current 130 crores)
And EBITDA After 4-5 years will be todays sales pr even more that that
I have made more strong position in Creative and have started with relatively small amount in Galaxy
Will put more of it into galaxy each month THROUGH SIP
Galaxy’s CAPEX should go live by start of next year
Where as for SKP It should go live by 2025- or 2026 middle

Disclaimer- all of the above business mentioned are part of my portfolio not a buy or sell advice
Views are welcomed