I have been trying to change my portfolio over the last month. Identified 3 new opportunities and increased the stake in some of the stocks bought before.
Here is the snapshot of the new allocation.
| Stock | Profit % | Protfolio % |
|---|---|---|
| Zomato | 82% | 15% |
| NTSP | 37% | 21% |
| Angel One | 9% | 19% |
| DP Abhushan | 95% | 13% |
| LT Foods | 29% | 11% |
| TPCL Packaging | 18% | 5% |
| Creative Newtech | 6% | 4% |
| Bajaj Finance | 0% | 13% |
New Additions:
- TCPL Packaging and Creative Newtech are a part of the secondary portfolio (allocation <5%0 if they do good would invest more.
TCPL Packaging
- Consistently growing at a CAGR of around 48% for the last 3 years, they have also increased their operating profit margin to around 17% from 14 in the last 3-4 years.
- They have also successfully commissioned a new advanced offset printing line in Haridwar which should increase their top-line growth
- Their client list is quite good and with the increase in consumer demand and per capita income the demand for packaged goods will increase. So looks like a good industry to be in.
Creating Newtech
- The company’s profit is growing at a rate of more than 50% and is available at a PE of 21 which looks like a bargain.
- Their sales were down 25% but margins were up 3X because of a change in product mix. Due to this stock has corrected from PE of 37 to around 22. Revenue should pick up again as they have partnered with Cyberpower in the brand licencing business which is a higher margin play. Also their Honeywell licencing partnership is growing well.
Bajaj Finance
- This needs to introduction, Bajaj Finance has been through a consolidation cycle for more than 2 years and their PE is down to 30 which I felt is a great buy at this point.
Also increased my allocation in Zomato and Angel One. I had some cash, deployed more than 70% of it.
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