NSE shares are 4000/share right on the unlisted segment.
Posts tagged Value Pickr
Rain Industries – An oversold de-leveraging play (16-07-2024)
@Srinidhi_Adiga Any thoughts on this?
Rain Industries – An oversold de-leveraging play (16-07-2024)
@Srinidhi_Adiga Any thoughts on this?
HDFC Asset Management Company (16-07-2024)
HDFC AMC -
Q1 Concall and results highlights -
Industry highlights -
AUM of MF industry @ 61 lakh cr on 30 Jun 24 vs 44 lakh cr on 30 Jun 23. Out of the total 61 lakh cr, 38 lakh cr is contributed by retail and rest by Institutional clients. WRT geography, 50 lakh cr have come from T-30 cities and only 11 lakh cr from B-30 places ( Beyond top 30 cities )
It was only 8 lakh cr on 31 Mar 14. In the last six months alone, the Industry has added AUMs worth 10 lakh cr !!!
Even Debt and Liquid Funds saw a healthy inflows ( 70k cr and 51k cr respectively ) in Q1 FY 25 after 3 consecutive Qtrs of outflows. Equity schemes saw an inflow of 1.2 lakh cr in Q1 !!!
Total MF folios in India @ 18.9 cr vs 14.8 cr YoY
83 pc of Individual / Retail money is in Equity MFs. Only 17 pc is in Liquid / Debt MFs / ETFs and Others
Monthly SIP flow @ 21.3k cr vs 14.7k cr in Jun 23
SIP AUM @ 12 lakh cr. SIP accounts @ 89 vs 66 lakh accounts in Jun 23
HDFC AMC highlights -
Overall Mkt share - 11.4 pc ( third largest in the Industry ). Closing AUM of 6.9 lakh cr. Company’s retail Mkt share @ 13.3 pc
Mkt share in Equity funds - 12.9 pc. AUM @ 4.4 lakh cr
Mkt share in Debt funds - 13.3 pc. Debt AUM @ 1.4 lakh cr
Mkt share in Liquid funds - 12 pc. Liquid AUM @ 0.6 lakh cr
Company’s mkt share in ETFs and others categories is in low single digits
Company’s SIP book @ 3200 cr vs 1890 cr in June 23
19 pc of company’s AUM come from B-30 cities. Company is a distant 2nd in the B-30 business
Q1 Financial outcomes -
Revenues - 775 vs 574 cr, up 35 pc
Other Income - 173 vs 158 cr, up 10 pc
Total expenses - 195 vs 161 cr, up 22 pc
( employee expenses are up 20 pc. other expenses up 28 pc )
PAT - 600 vs 475 cr, up 26 pc
**Company is holding investments of 6400 cr. **
85 pc of this is parked in Liquid and Debt funds. Rest are in equity and arbitrage funds
Company’s operating margins { Gross margins (46 bps ) minus Operating expenses ( 12 bps ) } as a percentage of AUMs stand at 34 Bps vs 35 Bps YoY. Margins in FY 22 were also 35 Bps
Company is hiring and expanding aggressively. Added 280 employees and opened 24 new branches LY ( total branches now @ 250 + ). Most of the employee addition has been on the sales and client service side.
Equity based AUM forms 64 pc of company’s AUM vs 56 pc for the Industry. One good trend that’s emerging in this Bull mkt is that its driven more by consistent SIP flows vs the previous bull mkts when the flows were more lump-some in nature
Company has started investing behind building their AIF business. The company is also open to M&A opportunities in order to utilise the 6000 cr + that they are holding in Liquid / Debt funds
Disc: bought recently, I know I m late here. However the growth tailwinds here are impressive, not SEBI registered, biased, not a buy / sell recommendation
Ranvir’s Portfolio (16-07-2024)
HDFC AMC -
Q1 Concall and results highlights -
Industry highlights -
AUM of MF industry @ 61 lakh cr on 30 Jun 24 vs 44 lakh cr on 30 Jun 23. Out of the total 61 lakh cr, 38 lakh cr is contributed by retail and rest by Institutional clients. WRT geography, 50 lakh cr have come from T-30 cities and only 11 lakh cr from B-30 places ( Beyond top 30 cities )
It was only 8 lakh cr on 31 Mar 14. In the last six months alone, the Industry has added AUMs worth 10 lakh cr !!!
Even Debt and Liquid Funds saw a healthy inflows ( 70k cr and 51k cr respectively ) in Q1 FY 25 after 3 consecutive Qtrs of outflows. Equity schemes saw an inflow of 1.2 lakh cr in Q1 !!!
Total MF folios in India @ 18.9 cr vs 14.8 cr YoY
83 pc of Individual / Retail money is in Equity MFs. Only 17 pc is in Liquid / Debt MFs / ETFs and Others
Monthly SIP flow @ 21.3k cr vs 14.7k cr in Jun 23
SIP AUM @ 12 lakh cr. SIP accounts @ 89 vs 66 lakh accounts in Jun 23
HDFC AMC highlights -
Overall Mkt share - 11.4 pc ( third largest in the Industry ). Closing AUM of 6.9 lakh cr. Company’s retail Mkt share @ 13.3 pc
Mkt share in Equity funds - 12.9 pc. AUM @ 4.4 lakh cr
Mkt share in Debt funds - 13.3 pc. Debt AUM @ 1.4 lakh cr
Mkt share in Liquid funds - 12 pc. Liquid AUM @ 0.6 lakh cr
Company’s mkt share in ETFs and others categories is in low single digits
Company’s SIP book @ 3200 cr vs 1890 cr in June 23
19 pc of company’s AUM come from B-30 cities. Company is a distant 2nd in the B-30 business
Q1 Financial outcomes -
Revenues - 775 vs 574 cr, up 35 pc
Other Income - 173 vs 158 cr, up 10 pc
Total expenses - 195 vs 161 cr, up 22 pc
( employee expenses are up 20 pc. other expenses up 28 pc )
PAT - 600 vs 475 cr, up 26 pc
**Company is holding investments of 6400 cr. **
85 pc of this is parked in Liquid and Debt funds. Rest are in equity and arbitrage funds
Company’s operating margins { Gross margins (46 bps ) minus Operating expenses ( 12 bps ) } as a percentage of AUMs stand at 34 Bps vs 35 Bps YoY. Margins in FY 22 were also 35 Bps
Company is hiring and expanding aggressively. Added 280 employees and opened 24 new branches LY ( total branches now @ 250 + ). Most of the employee addition has been on the sales and client service side.
Equity based AUM forms 64 pc of company’s AUM vs 56 pc for the Industry. One good trend that’s emerging in this Bull mkt is that its driven more by consistent SIP flows vs the previous bull mkts when the flows were more lump-some in nature
Company has started investing behind building their AIF business. The company is also open to M&A opportunities in order to utilise the 6000 cr + that they are holding in Liquid / Debt funds
Disc: bought recently, I know I m late here. However the growth tailwinds here are impressive, not SEBI registered, biased, not a buy / sell recommendation
Ranvir’s Portfolio (16-07-2024)
HDFC AMC -
Q1 Concall and results highlights -
Industry highlights -
AUM of MF industry @ 61 lakh cr on 30 Jun 24 vs 44 lakh cr on 30 Jun 23. Out of the total 61 lakh cr, 38 lakh cr is contributed by retail and rest by Institutional clients. WRT geography, 50 lakh cr have come from T-30 cities and only 11 lakh cr from B-30 places ( Beyond top 30 cities )
It was only 8 lakh cr on 31 Mar 14. In the last six months alone, the Industry has added AUMs worth 10 lakh cr !!!
Even Debt and Liquid Funds saw a healthy inflows ( 70k cr and 51k cr respectively ) in Q1 FY 25 after 3 consecutive Qtrs of outflows. Equity schemes saw an inflow of 1.2 lakh cr in Q1 !!!
Total MF folios in India @ 18.9 cr vs 14.8 cr YoY
83 pc of Individual / Retail money is in Equity MFs. Only 17 pc is in Liquid / Debt MFs / ETFs and Others
Monthly SIP flow @ 21.3k cr vs 14.7k cr in Jun 23
SIP AUM @ 12 lakh cr. SIP accounts @ 89 vs 66 lakh accounts in Jun 23
HDFC AMC highlights -
Overall Mkt share - 11.4 pc ( third largest in the Industry ). Closing AUM of 6.9 lakh cr. Company’s retail Mkt share @ 13.3 pc
Mkt share in Equity funds - 12.9 pc. AUM @ 4.4 lakh cr
Mkt share in Debt funds - 13.3 pc. Debt AUM @ 1.4 lakh cr
Mkt share in Liquid funds - 12 pc. Liquid AUM @ 0.6 lakh cr
Company’s mkt share in ETFs and others categories is in low single digits
Company’s SIP book @ 3200 cr vs 1890 cr in June 23
19 pc of company’s AUM come from B-30 cities. Company is a distant 2nd in the B-30 business
Q1 Financial outcomes -
Revenues - 775 vs 574 cr, up 35 pc
Other Income - 173 vs 158 cr, up 10 pc
Total expenses - 195 vs 161 cr, up 22 pc
( employee expenses are up 20 pc. other expenses up 28 pc )
PAT - 600 vs 475 cr, up 26 pc
**Company is holding investments of 6400 cr. **
85 pc of this is parked in Liquid and Debt funds. Rest are in equity and arbitrage funds
Company’s operating margins { Gross margins (46 bps ) minus Operating expenses ( 12 bps ) } as a percentage of AUMs stand at 34 Bps vs 35 Bps YoY. Margins in FY 22 were also 35 Bps
Company is hiring and expanding aggressively. Added 280 employees and opened 24 new branches LY ( total branches now @ 250 + ). Most of the employee addition has been on the sales and client service side.
Equity based AUM forms 64 pc of company’s AUM vs 56 pc for the Industry. One good trend that’s emerging in this Bull mkt is that its driven more by consistent SIP flows vs the previous bull mkts when the flows were more lump-some in nature
Company has started investing behind building their AIF business. The company is also open to M&A opportunities in order to utilise the 6000 cr + that they are holding in Liquid / Debt funds
Disc: bought recently, I know I m late here. However the growth tailwinds here are impressive, not SEBI registered, biased, not a buy / sell recommendation
EIMCO ELECON — flag breakout (16-07-2024)
Q1 results. Excellent numbers.
Disc: Invested
Aurangabad Distillery Ltd (16-07-2024)
The company has a stable business. Why its not going for capacity expansion.
Also does the promotor has similar unlisted business?
Investing Basics – Feel free to ask the most basic questions (16-07-2024)
Management analysis is indeed one of the most difficult part of company research. It comes only with experience, and even experts go wrong many a times. For starters, go through the article given below.
How to do Management Analysis of Companies - Dr Vijay Malik
In general, to assess management quality you need to look at management’s actions (ACTIONS – not words) over a long period of time, and arrive at a judgement. Look at what the management has done, and not done over the years.
A simple way is to take the latest Annual Report and compare it with the Annual Report 10 years ago. Compare parameters such as number of products, product lines, number of plants, manufacturing capacity, dealer / distributor network, geographical reach etc. If the management is dynamic and competent, you should see good growth in these things over the years. Also look at what the management has NOT DONE – absence of frequent equity dilutions, unrelated diversifications, debt write offs, large M & As etc. are all positives and their presence is a negative (or risk).
Finally, you can never be sure about what the management will do next. Remember you are only trying to reduce the chances of a mistake and increase the odds of good decisions.