After reading Nalanda Capital fame Pulak Prasad’s recent book, I have sort of adopted permanent Owner type of approach, where, if I have selected a good company which has a long trajectory, then I dont want to sell it, no matter what its PE turn out to be. If company is good and price moves ahead of earnings, then maximum bad that will happen is few years of consolidation and I am OK with this lost opportunity. Who knows, may be after selling this , And buying something else, i may be wrong in both decisions, or wrong in one of the decision. Rather I would stay put and bear the consolidation phase. If I have selected a good company , it will come on track again, and I can be a permanent owner of a good company. Offcourse such companies are very few. But I just need 15-20 companies, so I am sorted. Why take unnecessary hassles of jumping here and there?

Concall notes from Atulsingh Asan

From Concall notes of Rain ind

-Import restrictions on GPC & CPC into India and divestment of the Polymers business and closure of aromatic chemicals production are the primary reasons for the decrease in volumes

-Delayed shipments in the third quarter impacted profitability, but those volumes will be delivered in the fourth quarter

-Volumes across segments have stayed the same or decreased over the last 5-7 years

-Management is focused on debt reduction to drive value for shareholders
The company plans to reduce debt by at least 15 to 18% in the next 18 months

-The company is focusing on research and development of synthetic graphite anode materials for Lithium-ion Batteries

-The company may consider listing the carbon business in the USA once headwinds subside

-Margins for the advanced materials segment have been improving and are expected to return to normal levels in the first quarter of 2024

#rainind

As per the new RBI circular, following are the points which is applicable to IDFCFB.

1. Consumer credit exposure will attract Risk Weight of 125% instead of 100 % now. This is not applicable to Housing loans, Educational Loans, Vehicle loans and Gold loans.
   2)Risk Weight to Credit Card receivables will have a risk weight of 150% instead of 125% now.
   Following is the chart of credit exposure of IDFCFB.
   

   Whether secured loans like mortgage loans , etc will be coming under purview of this circular will have to be seen.
   It is worthwhile to note that for consumer loans the Risk Weight was 125% and it was reduced to 100 % by RBI in 2019. Now again it is increased. I think it is just a check by the regulator to cool down the reckless lending by few lenders. If the lender has good under writing standards, I feel there is nothing to worry.

These days, Zerodha is giving XIRR for each stock separately. If you click any stock in your portfolio, go to “view breakdown”. It has all the details of your purchases and sales along with XIRR.

Great to hear that. What companies in your portfolio do you think can give multibagger returns in the long term?
I believe they’d be? MTARTECH, Paras, SonaComs, FineOrg, Clean Science & Tech, AartiInd