Hi @Anubhav_Garg Thanks for the kind words. I agree hotel sector does indeed seem to have a lot going for it and many of the factors seem structural in nature, so unlikely to reverse anytime soon. If the current trends continue for the next ten years, growth can continue for the next ten years. You don’t need any “new” triggers. Risks mainly are from geopolitics – war, terrorism, civil disturbance etc or a macro economic black swan event like covid, demonetization or a severe macroeconomic mismanagement by populist politicians. None of these risks should be completely written off IMHO. But my main grouse with hotel stocks is with valuations. I was late to the party and am still unable to understand how to value them, so my allocation remains low. Whether to exit or hold on – you seem to have got in at the right moment, so actually I should be asking you for advice and not the other way round! 
Posts tagged Value Pickr
Indian Hotels–for long term portfolio stability (15-11-2023)
The HS Portfolio (15-11-2023)
So Some of Buys in the Interim to LT portfolio. I have added significantly below.
CCL: As mentioned above, I have added small buys(1% pf) at 625. Will continue to add here at 600-625.
Cholafin: Increased Quantities, Will continue to add if i get at 1100 range.
Deepak Fertilizer: Added another 1% at 615-620. Will continue to add if goes below 600.
Premier Explosives: Added 5%. Its already boomed in last 1 year but did not want to miss out. Should stabalize at this level until business catches up and then continue upward move.
On Momentum playng in HariOM Pipes,Man Industries and Marksans.
Exits:
Have exited MapmyIndia at roughly 2100 in last few days. Had healthly returns of 90%. Move is likely played out. Did not see significant growth.
MUKAND- something is changing (15-11-2023)
Hey, any update on your views here? Q2 results were good.
Ganesh Benzoplast – Cash rich chemical storage/tank king (15-11-2023)
Can any one share concall updates?
Carysil (earlier Acrysil) – Kitchen sinks (15-11-2023)
Current numbers look good but I had few questions on margins and working capital front:
1) If we see current numbers the margin expansion has been mainly due to increase in gross margins and for that management has a say that raw material prices have gone down but if we see COGS breakup cost of material consumed has gone down marginally about 0.6% Y-o-Y H1 basis and 0.3% Y-o-Y quarterly basis major impact has been majorly due to very high negative changes in inventories decreasing COGS so I’m unable to get that since management has a say that current margins are going to be stable so, wanted better colour on this
Is there anything I’m missing would appreciate your views
2) Another thing is since company is shifting more and more towards branded sales and B2C segment which requires higher inventories generally and also current H1 inventory as a % of revenue is up 4% has management provided any guidance on this side
3) and last thing on debtor days, current H1 debtor as a % has increased by 9% and management is saying it is on a declining trend when an investor brought up this during concall their say was that in different geographies there are different credit periods but it is on declining trend. I was unable to understand this since both the comments are bit contradictory to each other am I missing out on something over here what are your all comments on this
Hitesh portfolio (15-11-2023)
Hi @hitesh2710 sir, Thank you for sharing such a valuable information. same happened to me recently in RKFORGE trimmed 1/3 Qty immediately another 2x happened.
Nesco (15-11-2023)
If I calculated correctly, based on these numbers, not only has BEC revenue gone up YoY, but Avg Rs/sqft/month has jumped from Rs. 277 to Rs. 322 YoY.
That’s strong pricing power, and no sign of any market share loss that was expressed as a concern here earlier.
Discl.: Invested
Neuland Laboratories Limited – Transformation towards niche APIs? (15-11-2023)
There has been a significant jump in revenue share of CMS segment from 33% in Q2 FY23 to 55% IN Q2 FY24. The company has attributed to surge in profits to shift from low margin Prime segment to high margin Speciality and CMS segments. Sustainability of margin will depend on speed of progress from P-3 & Pre-Reg./Reg. to Commercial production.
On the valuation side, the stock still looks cheap at PE of 24.8. However the big operators may cause the price to dip in short or medium term.
Kirloskar ferrous industries ltd (15-11-2023)
Primarily due to Ismt turnaround