@visuarchie , what is your drawdown of portfolio from ATH? Mine is around 9%… Some of the above list like PCBL is down by more than 25% from ATH…in last rebaalncing i sold it as my criteria is sell when 20% down from ATH. Also my universe criteria is 150 Days EMA, so currently I am 31% into cash already.

This company seems to hidden gem which is growing consistently and now have successfully expanded in other countries to with optionality of margin expansion in higher probability, as long as they don’t shoot themselves in the foot, this is gonna be one in kind of investment

This company ticks various great characteristics in my opinion

Selling an essential item
Having better pricing than of peers (therefore I consider this has some sort of moat in terms of farmer relationship and backward integration – need understand and find what’s their moat)
Good WC management
Expanding from their internal accruals
Cash rich company
Margin expansion oppertunity through VAP, foraying to higher margin countries, and VAP in those countries too.
It is non cyclical business imo

Neutral characteristics of the business:

The volume growth may not be high in the long run, because such is the nature of the business, it should be in line with population growth after reaching certain size ( terminal value). – However this is mitigated by the expanding in other countries

Cons:

They need to/have to manage their over procurement and keep the inventory losses and provision in check.

Should be Producing VAP as per demand, instead of overshooting the forecast of demand

All in all, this seems to be great investment and accumulate on dips

A special thanks to Mr @Sumit_Agarwal for starting this thread and @ranvir for regular detailed notes updates very useful for me, really appreciate the hard work

A request as well from my side to you, and for all community members,

To have a contra view, kindly state their points why this could be a bad investment and could turn into one

So that we can track that better in a way like an Anti checklist, because I couldn’t think much in terms of fragility

Update for entry on 28th October 2024 (lookback dates: 27/10/2023 and 26/04/2024)

50EMA (24,867) > 200EMA (22,229); hence, we can continue without any change.

Based on ranking:

1. WOCKPHARMA
2. VMART
3. STAR
4. PGEL
5. NEULANDLAB
6. IIFLSEC
7. KESORAMIND
8. WABAG
9. CHOICEIN
10. SARDAEN
11. TIPSMUSIC
12. INOXGREEN
13. GRWRHITECH
14. SANSERA
15. SYMPHONY
16. NAVA
17. ZENTEC
18. HERITGFOOD
19. LTFOODS
20. CMSINFO
21. PRUDENT
22. GREENPLY
23. OPTIEMUS
24. MARKSANS
25. TIMETECHNO

Based on A → for easy tracking:

• CHOICEIN
• CMSINFO*
• GREENPLY
• GRWRHITECH
• HERITGFOOD
• IIFLSEC
• INOXGREEN
• KESORAMIND
• LTFOODS
• MARKSANS
• NAVA
• NEULANDLAB
• OPTIEMUS
• PGEL
• PRUDENT
• SANSERA
• SARDAEN
• STAR
• SYMPHONY
• TIMETECHNO
• TIPSMUSIC*
• VMART
• WABAG
• WOCKPHARMA
• ZENTEC

Exits:
JCHAC and TARC make an exit.
GRAVITA stays within the top 30 and hence remains.

Entries:
CMSINFO and TIPSMUSIC make an entry.
GREENPLY cannot enter as there is no vacancy.

Sorry raghu, from the date of announcement to date of merger, the prior management was in charge. I feel he is right on this.

I am more hopeful now than before, atlease they have provided properly for mfi. Can anyone compare other mfis and share if mfi credit costs for other players is 6.6% for h1? Sonthat we can compare?

Also can we compare the other players provisioning policy?