tag:blogger.com,1999:blog-21496209724238443302025-08-31T15:06:18.756+05:30A collection of my investment ideas discovered by applying value investing approach value investors.Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.comBlogger234125tag:blogger.com,1999:blog-2149620972423844330.post-67898129958877479442023-08-20T23:12:00.012+05:302023-12-31T17:43:08.515+05:30

2018 CompanyIPO DateIssue PriceCurrent PriceGain/Loss Lemon Tree Hotels LimitedApril 20185610283% IndoStar Capital FinanceMay 2018572182-68% RITESJuly 2018185452145% Fine Organic IndustriesJuly 20187834517477% Varroc EngineeringJuly 2018967379-61% TCNS ClothingJuly 2018658444-38.08 HDFC AMCAugust 201818152500127% CreditAccess GraminAugust 20184221369225% IRCON

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-35679331748980920482018-10-27T09:57:00.001+05:302018-10-27T09:58:30.864+05:30

A long time back (almost 4 years back in 2014), I had prayed to God to save the Indian banking sector in Beware of Frauds post. Now that the banking sector is being saved by RBI and Indian Government, another thing that I want to highlight is the mention of a company named "Kwality" in the same post. I had mentioned that my mother-in-law called me to check if she can buy the shares of "Kwality".

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com1tag:blogger.com,1999:blog-2149620972423844330.post-76755085886973462632018-08-04T23:33:00.001+05:302018-08-05T22:20:48.477+05:30

Lately, you all might have seen that I am buying some publishing businesses such as Jagran Prakashan, Just Dial while I was already holding Hindustan Media Ventures. The valuation of these companies are given below in the table CompanyMarket CapOperating Cash Flow(3 year average)P/ENet Current Assets Jagran Prakashan380044512.25575 DB Corp432937013.9675 Hindustan Media Ventures12461509.151330

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-42445700065437639582018-07-08T12:06:00.000+05:302018-07-08T14:25:14.173+05:30

Since the last 5 years, a lot of IPOs have come out and when I recently looked at the list, it seemed many good quality companies have got listed and I missed catching them. Here are a few: NameBrand/UseIPO PriceCurrent Price Sheela FoamSleepwell6801500 Music BroadcastRadioCity333312 CDSLDemat149267 Matrimony.comBharat Matrimony985745 Quick HealAntivirus321275 Mahanagar GasPiped Gas421809

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-15987047744135212842018-04-30T00:05:00.000+05:302018-10-27T13:52:28.002+05:30

There has been flurry of activity on the IPO front recently and in my last post I already covered that there has been mixed results from two companies in auto ancillary sectors. I want to extend it to now cover all the IPOs between 2013-2018 and show where they stack. Here is the result: CompanyIPO DateIssue PriceCurrent PriceGain/LossPrice 27 Oct Repco HomeApril 2013172598247.7%331 Just

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-41976956414812032992018-04-22T11:00:00.000+05:302018-04-23T08:55:26.180+05:30

I typically avoid looking at IPOs but I do visit the companies which come out with IPOs after few years to see what they have done and how the stock prices have reacted. In this post, I will analyze Precision Camshaft and GNA Axles. Precision Camshafts came out with IPO in January 2016 while GNA Axles came out with IPO in September 2016. Following table summarizes the IPO details: GNA

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com1tag:blogger.com,1999:blog-2149620972423844330.post-73551396488214880092018-02-25T00:23:00.003+05:302018-02-25T00:23:52.564+05:30

People reading this blog must be able to see my recent investment activities and find that I have been selectively investing in two out of favour sectors in the last few months or more than a year I would say. The sectors are Pharmaceuticals Banks In Pharmaceuticals, there is a clear harakiri where many company saw their share price going down by more than half including Lupin (2100 in

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-84033406300683159982017-06-15T22:43:00.002+05:302017-06-20T19:40:29.480+05:30

IST Ltd is an automotive parts supplier started in 1977. It supplies parts to many companies in and outside of India. Company also has a subsidiary Gurgaon Infospace which has set up an IT SEZ and most of the revenue of the company comes from the subsidiary. Financials The average ROCE of the company over the last 10 years is 23% while it is at 31% for the last 3 years. The company's main

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com4tag:blogger.com,1999:blog-2149620972423844330.post-6784648051345032782017-06-10T00:36:00.000+05:302017-06-10T00:37:02.829+05:30

UFO Moviez is India's largest digital cinema distribution network distributing movies through satellites and is also an in-cinema advertising platform. Financials The average ROCE of the company over the last 3 years is around 15% while RoE is 13%. As per the latest financial results here, the net current assets of the company stood at INR 125 Crore at the end of FY17. The company has fixed

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com6tag:blogger.com,1999:blog-2149620972423844330.post-71718231130901189002017-02-18T10:57:00.001+05:302017-02-18T11:02:25.475+05:30

This is a post not related to investing or stocks but more about the bubble going on in the startup world in India. I will talk about some companies but there is no offence intended towards them. Everyday you see bigger and bigger numbers coming up for investments in startups in India. The article Indian Startup Funding Report mentions that there were 815 deals with $3.5 B invested in

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com6tag:blogger.com,1999:blog-2149620972423844330.post-30296810731425065682016-05-28T13:32:00.005+05:302016-05-28T13:32:53.315+05:30

The company Kerala Solvent Extraction (now KSE) was established in the year 1963 and entered into cattle feed industry in the year 1976. The company later also entered into the business of milk procurement, processing and creating dairy products like ice-cream, ghee and packaged milk. FinancialsThe average ROCE of the company over the last ten years is 30% while it is higher at 45% in the last

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com2tag:blogger.com,1999:blog-2149620972423844330.post-9278913776432676952016-05-22T19:29:00.002+05:302016-05-22T19:29:36.455+05:30

The company was established in the year 1989. It provides a wide array of services including Investment Banking, Wealth Management and Broking Services. Financials The average ROCE of the company over the last 10 years is 28.29% and is lower at 20.31% in the last 3 years. The company has current assets to the tune of INR 20.13 Crore. The average operating cash flow of the company over the last

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-7987734348525728122016-05-22T14:32:00.002+05:302016-05-22T14:32:53.271+05:30

I had in previous post already mentioned names of several commodity companies Peabody Energy and Arch Coal. The graph on LA Times about Electricity produced from coal in the state of California is reproduced below: It is clearly visible that something drastically changed in 2011 and the coal based electricity production fell off a cliff. The charts of both the companies' stock price

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com1tag:blogger.com,1999:blog-2149620972423844330.post-32381249881232919812016-02-20T20:32:00.001+05:302016-02-20T20:54:06.879+05:30

Many readers of this blog will see the investments I have made to the right of this post and find the names like Cairn India, GMDC, Maharashtra Seamless, MOIL, NMDC, OIL India and Tata Sponge Iron. Most of these I bought in the last one-two years thinking the shares are offering value but I have been beaten down by Mr Market and every month I am seeing newer lows for the share prices of these

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-12585098183770399562016-01-31T12:40:00.003+05:302016-01-31T12:40:26.003+05:30

The company was established in the year 1981. The company is an associate company of ITC. It offers a bouquet of travel services including car rental, Indian and International holidays, business travel, etc... While looking at the company I found that it is based in Pune, the city where I live. Financials The average ROCE of the company over the last 10 years is 28.38% and is lower at 27.45% in

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-27990601310372278242015-12-20T15:12:00.002+05:302015-12-20T15:13:06.306+05:30

The company was established in the year 1958. Financials The average ROCE of the company over the last ten years is 40.79% but is lower at 31.98% in the last three years. The company has net current assets to the tune of INR 21,000 Crore. The company has projects worth INR 7800 Crore in progress (CWIP - Capital Work In Progress). The operating cash flow of the company last year was around INR

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com1tag:blogger.com,1999:blog-2149620972423844330.post-65170797628058481012015-12-14T22:08:00.001+05:302015-12-14T22:08:24.128+05:30

The company was established in year 1961 and earlier it was known as Shaw Wallace Gelatines Ltd. Financials The average ROCE of the company over the last ten years is 24.71% and is higher at 30.77% in the last three years. The company has consistently paid dividends since 2006. The company has net current assets to the tune of INR 55 Crore and has investments to the tune of INR 27 Crore. So the

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com2tag:blogger.com,1999:blog-2149620972423844330.post-72304207413270278192015-12-13T20:11:00.003+05:302015-12-13T20:12:06.675+05:30

The company Manganese Ore India Limited was established in year 1896 in UK but it became an Indian company in year 1962. Financials The average ROCE of the company over the last ten years is 28.77% but is lower at 13.82% in the last three years. The company has consistently paid dividends over the last ten years. The company has net current assets to the tune of INR 3030 Crore. Promoters It is

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com1tag:blogger.com,1999:blog-2149620972423844330.post-60002561263282615082015-09-19T12:58:00.000+05:302015-12-04T20:19:42.421+05:30

JMA is one of the biggest auto parts dealer founded in year 1949. Financials The average ROCE of the company over the last 10 years is around 27.63% and is higher at 28.97% over the last three years. The company has consistently paid dividends over the last 10 years. The company has net current assets to the tune of around 90 Crore. The company had an operating cash flow of around 6 Crore last

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com3tag:blogger.com,1999:blog-2149620972423844330.post-73344781997609625222015-08-09T19:28:00.002+05:302015-09-06T14:08:56.633+05:30

Mr Warren Buffet keeps saying that derivatives are weapons of mass destruction. But as a value investor, I still wanted to try some. I have seen some value investors like Seth Klarman using them to hedge their portfolios. I did the same and tried to use the options to hedge my portfolio. I bought following options during the last six months: Trade DateOptionQuantityCost (with brokerage) 11

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com4tag:blogger.com,1999:blog-2149620972423844330.post-91357068159652197242014-08-03T22:20:00.000+05:302014-08-09T15:32:44.407+05:30

I wanted investors to know about a strange company called 'Parekh Aluminex'. I had told my wife in 2007-2008 how can a company keep growing its revenue, debt and profits all at a steady pace of 30% per year, year after year forever. I wanted to dig deep to find the recent 95% drop in price in company's shares and then came across the article "The curious case of Parekh Aluminex" which saved all

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com25tag:blogger.com,1999:blog-2149620972423844330.post-10003890827139546662014-07-27T20:17:00.001+05:302014-07-27T20:27:08.395+05:30

I am holding shares of a company 'Divyashakti Granites' for more than two years now. I had bought them at an average price of around INR 25 when the book value of the company was very high and even the net current assets are higher than the price. What I found was that in the month of June, there was an off-market transaction where somebody bought shares of the same company off-market for just

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0tag:blogger.com,1999:blog-2149620972423844330.post-47716677404265106112014-07-20T21:11:00.000+05:302014-07-20T21:11:12.078+05:30

Lately, most of you have noticed that I am reducing my holdings in stocks and increasing cash. Many of the stocks I bought last year around August has appreciated by 100 - 200% and my portfolio has gone up decent enough in the last one year. But looking at valuations of some quality companies I can see a bubble like valuations being developed in some pockets of the stock market. See the

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com10tag:blogger.com,1999:blog-2149620972423844330.post-75070753052414934512014-02-22T17:43:00.000+05:302014-02-22T17:49:26.106+05:30

Mazda is an engineering company established in the year 1990. The company mainly manufactures vacuum systems and evaporators. Financials The average ROCE of the company over the last ten years is around 30% but it was lesser at 25% last year. The company has consistently paid dividend over the last 14 years. The company sold its valve division in FY11 for around 13 Crore which resulted in

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com17tag:blogger.com,1999:blog-2149620972423844330.post-10828014026949903662013-12-11T22:11:00.002+05:302014-02-22T17:03:56.000+05:30

Plastiblends is India's largest manufacturer and exporter of colour and additive masterbatches and thermoplastic compounds for the plastic processing industry. It is part of Kolsite group which also has another listed company Kabra ExtrusionTechnik. Financials The average ROCE of the company over the last ten years is more than 20%. The number has been lower in recent years near 17% while it

Chinmayhttp://www.blogger.com/profile/16492893510489515487noreply@blogger.com0