Thanks Priyank
Esconet has acquired zeacloud which is in similar space as e2e. You think zeacloud is not competing with e2e ?
Thanks Priyank
Esconet has acquired zeacloud which is in similar space as e2e. You think zeacloud is not competing with e2e ?
That was very helpful… to tell my experience with stock i had taken position from 18 to 30 to ,60 by doing upward average and sold all at 120…
Since then expecting correction which I didn’t get()…and now built position at 180 level to 205 and planning to hold for minimum five years (may never sell also).
Thanks @Dr_Manoj.
Showing the holdings of the small cases might not be legally right. Also, we have currently not integrated small cases.
To be honest my opinion is biased as i have invested significantly and its been already a rewarding journey
I would like to give my investment rationale which will cover opportunities and scalability and why i am holding
1.Shift from unbranded to branded: This is numero uno reason , there is huge shift ,we have moved from traditional kirana stores to d mart ,amazon ,blinkit however this is only in tier 1 cities but soon it will move to t2 and t3 cities , only branded groceries sold in these hypermarkets and e commerce,i mean yes loose is sold but branded takes a significantly higher chunk so there is going to be huge demand
3.value added products : they have tried umpteen products and finally fix with current line , ( i remember they launched saute sauces which nowhere is to be seen ) , kari kari is getting good response and now they started exporting to aus and dubai , this product is high margin product
There biryani kit also making good progress with RTH line is seeing good response
EU market dominace :They are no 1 in EU with factory in rotterdam ,EU has very strict fda rules with very strict numbers limit for pesticide so its difficul to make inroad in market , this will serve as entry barrier
Entry in Middle east : This was completely unexpected and perhaps will be most rewarding too because middle east is completely dominated by KRBL and high margin as compared to EU .With salic holding significant stake , i expect lt foods to replace krbl ,also krbl’s distributor issues is going from long time .And they didnt give satisfactory answer in con call last qtr (Dont know latest status)
6.Unexpexted trigger :They randomly got order 3 years back for cuppa rice from indian railway if something like this happens on large scale it will have huge impact
You can combine above points and gauge opportunities ,I blv broader picture and TAM is very high
Also management is absolutely superb with next generation also there,i have beeen part of umpteenth con call and Till date arora ji has walked the talk , he gave us assurance in con call when debt to equity was 3.5 that we will reduce debt,did product launches as per timelines ,gave clear picture on things which are not working, i strongly blv this can become fmcg company provided RTH and kari kari grows
Also one important point is organic buisness was growing 60 70% before 2022 now showing de growth of 40 50% because of some duty on soya by USA,eventually some thing will work out,these kind of restrictions genrally are short time period so once thats is lifted we will again see growth in organic
Also somebody in thread talked about government control on export, Government bans only broken rice and parboiled rice in which lt foods doesnt deal , also there was some minimum order restriction prev year which got revised immediately after protest
Disc : more thw than 30% of portfolio is invested from 6 7 years so biased
Corporate governance issue cited in resignation letter of the independent director.
Can you give your opinion about TAM and opportunities in scalability of their business…?!
Muthoot Finance is of different group. It is the better and popular group providing gold loan.
Muthoot capital and microfinance are part of Muthoot Pappachan Group.
Muthoot microfinance is providing small amount loans to groups and have higher risk than gold loan.
Muthoot capital services provides 2 wheeler and 4 wheeler loan and their business is dependent on auto cycle. Any downturn in auto market will reduce their business. It has shown irregular margins with no growth in the past.
My India portfolio is again on track as consumption related stocks have finally started moving after the Election result. For now I see them as hope trades. It may last till the next budget. In this quarter portfolio winners are Trent, Pidilite and Granules India. Pidilite is a 10 bagger in 10 years as I hold the stock with a “no matter what” attitude:) Whereas Granules India is giving 6X return in 6 years.
NVIDIA is the first 10X in my US portfolio. In my 10 years of investing journey (6 years for US stocks) I got blessed with 10X return 4 times. Those were Vaibhav Global, Deepak Nitrite, Pidilite and Nvidia. Except DN I am still holding the other 3 in my portfolio. Both DN and Nvidia reached 10X within 2 years of initial investment. Ultimately I sold DN with a 6X return. This time I am going to sell 50% of my Nvidia holding after the 1:10 stock split takes effect as early as next week. Kabhi na kabhi to 10X return ka maza lena chahiye:)
I personally believe that Nvidia has more room to run. In future all CPU intensive operation will be offloaded to GPU and as a result Nvidia being a monopoly will grab the lion share of new industry which needs support from accelerated computing (for example self driving car tech). Also as expected, hyper-scalar companies like MSFT/AMZN/GOOG have started showing cloud service revenue growth acceleration as developers are experimenting with training new models to solve everyday problems. As a result my Microsoft holding is giving 4X return in 4 years.
At the same time much anticipated revenue growth acceleration of US based SaaS/software infrastructure companies have not been realized yet. In fact, for a few companies growth is going in the wrong direction. The usual chorus here is that big enterprises have stopped buying these softwares due to the so -called macro issue. Somehow the third layer of AI stacks are not showing traction in the middle of raging bull AI hype. Growth may come back when few more AI applications appear in the market. Or in the worst case scenario few of them will be disrupted by newcomers. But whatever the case, my strong belief is that the winner(s) in this space will have a hell of a run for decades to come. As it’s difficult to pick winner(s) so early in this space so I have invested equal amounts in all such companies. Hopefully few of them will turn out to be multibagger even if others falter.
A special mention for cybersecurity company Crowdstrike. My thesis of investing in CRWD was their cloud centric clean architecture to solve some of the tricky issues in the cybersecurity space. This is why they are now beating legacy companies like Palo Alto Networks and Splunk w,r,t winning new multi million dollar deals with their platform centric architecture. I have been holding CRWD from a much lower level (3X return), stocks fell more than 65% from top during the 2022 bear market. Since then it has recovered well and surpassed previous highs convincingly. Now good news is that it’s being added to the prestigious S&P 500 index - this cements its dominance in the field they are operating. At the same time I am patiently waiting for my portfolio stocks Palantir and Trade desk to be added to the same index in the near future. Interestingly all 3 companies are run by founders and I can notice the same confidence/vibe from the respective owners on their products while listening to their quarterly earnings calls.
Interesting fact, during 2022 when US FED started raising interest rate aggressively then majority predicted US recession in 2023. Similarly we all know how exit polls predicted our own election results. Moral of the story is that we need to be careful when there is a widespread consensus view/opinion on some future event’s outcome. Need to be extra cautious while investing based on such a consensus view. In both times I benefited by just doing nothing:)
Disc. This is not a buy/sell recommendation. Biased as invested in all stocks discussed above. Not a SEBI registered advisor.
Raymond Realty has been selected as the Preferred
Developer for redevelopment of MIG VI CHS Ltd located in Bandra East. The revenue potential is in excess of 2000 crores. It takes total revenue potential outside Thane to more 7000 crores. Earlier, management and promoter has also indicated of strong JDA and redevelopment deal pipeline.
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