Is this a recession proof business?

Really poor performance and even in concall they ignored some of the key questions. I think safari is going to capture the market share faster than any other brands.

Interesting problem to solve!

Most investors look at recent past performance which imo is not the most sensible way of assessing a mf. On the contrary it’s important to know what kind of risks the manager took to deliver the outperformance. Id be happy to collaborate/contribute here. If it’s an active equity fund I’ll want to look at

1. Deviation from index (constituents and %). If it’s hugging the index, I’m better off doing passive investing
2. Quality of companies (debt levels, score on forensics)
3. Trueness to the label (eg many value funds end up buying baap stocks due to peee pressure)
4. Long term risk adjusted performance. In the short term, it’s impossible to distinguish between a lucky idiot and a skilful manager
5. Performance during bad/bear markets. Personal choice – I’d rather select a fund that outperforms during bad markets.
6. Size analysis – size is the enemy of returns. What’s the sweet spot here.

No, TVS Holdings is not involved in die casting. The aluminium auto parts business was demerged and listed separately as Sundaram Clayton.
I don’t know about the competition in auto components. Sundaram Clayton is still a high debt and low margin business.
You read it’s annual report for further details.
The recent rally in TVS Holdings is more related to new NBFC venture rather than TVS motors stake. I believe TVS Holdings currently reached the max possible discount. In general when the discount between holding company and the actual company comes close to 52-57%, you should exit, If you follow the previous cycles ( based on reading from report). However due to recent announcements ( venture into NBFC, Real estate) and uptrend in Auto sector,I continue to Hold, if you have bought previously. However, New entry is not an value buy from now as it’s like predicting the future without any results.