Portfolio Update:
| Stock | Profit % | Protfolio % |
|---|---|---|
| Zomato | 102% | 16% |
| NTSP | 88% | 26% |
| Angel One | -10% | 15% |
| DP Abhushan | 104% | 12% |
| LT Foods | 39% | 11% |
| TPCL Packaging | 19% | 4% |
| Bajaj Finance | -5% | 11% |
| Gravita India | 1% | 5% |
Overall portfolio is up by 38%
Sold my entire holding of Creative Newtech. Due to some reason, I was unable to gain confidence in the growth of the business. I want to be confident that the companies I invest in can show continuous growth.
TPCL Packaging has been doing good, might add more after this quarter’s results.
Added Gravita India in my secondary portfolio (allocation <5%)
- Good RoE of 335.5 and ROCE of around 27. The company has grown profit at a rate of more than 60% in the last three years.
- Share of international revenue is increasing which should lead to an increase in PAT. Share of Value-added products is increasing and is expected to reach 50% by 2027 which should also increase the PAT margin.
- Most importantly company is in the business which is expected to grow rapidly. Recycling is only going to increase in future. Also planning a capacity expansion to 1.8x of FY24 by 2027.
- Promotor is very ambitious and is aiming to be in the top 5 recycling companies by 2026
Angel One
- My hypothesis that Angel One will be able to offset revenue FnO revenue decline in some other ways is yet to be proven. I might be wrong on this one. Still holding tight, for now, will see the results for 1-2 quarters more before taking a call.
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