Author: Saurabh Prabhu

Stock Market. Cricket. F1 Enthusiast. Private Equity Professional . Ex- Crisil.

Of Bad Boy Billionaires, Dirty Money and Indian Economy – Just Another Investor

Reading Time: 6 minutes Over the last two weeks I watched ‘Bad Boy Billionaires’ and ‘Dirty Money’ on Netflix. Though the former is an Indian-specific series and the latter covers global corporates, the pitfalls conveyed in the polar ideologies – Capitalism and Socialism – in the two series caught my attention. The Bad Boy Billionaires’ stories, one can argue […]

ITC Limited – Value Buy or Value Trap?

Reading Time: 6 minutes Source link |  Twitter Profile | LinkedIn Profile ITC Limited Businesses The FMCG Business includes the Cigarettes segment and the branded FMCG products segment (Staples, Biscuits, Snacks, Noodles, Confectionary, Ready to Eat, Juices, Dairy, Chocolate) ITC Limited Products Portfolio Shareholding Pattern of ITC Limited (As of March 2020) Source: Company Filings High Free Float will continue to […]

What is the Future of Multiplex Business?

Reading Time: 5 minutes Source link | Twitter Profile | LinkedIn Profile Overview Let’s try to figure out what is the future of multiplex business in India. The direct to digital release of Ayushmann Khurrana and Amitabh Bachchan starrer – Gulabo Sitabo due to Covid-19 created some flutters in the multiplex industry, as the stakeholders were worried that this could […]

HDFC AMC – Aggressive Valuations for a Stable Elephant – Just Another Investor

Reading Time: 8 minutes Incorporated in December 1999, HDFC AMC operates as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). As of fiscal 2020, the company is the second largest AMC with quarterly average AUM of INR 3.7 trillion. It is the leader among Individual AUM segment (retail investors) with 15% market […]

‘Make in India’ Success will decide fate of ‘Boycott China’ Calls and ‘Aatmanirbhar Bharat’ – Just Another Investor

Reading Time: 8 minutes There has been a strong anti-chinese sentiment prevailing in the country due to China’s initial handling of Covid-19 pandemic and the escalating border tensions between the two countries. PM Modi’s call for a “self resilient India” further strengthened these voices over last few weeks. There have been several voices on the issue. Few voices very […]

Jyothy Labs – Can the company recreate the “Ujala” Magic across other portfolio brands? – Just Another Investor

Reading Time: 8 minutes Founded in 1983, Jyothy Labs Limited (JLL) commenced its operations as a a single product (Ujala fabric whitener) manufacturer in a single district (Thrissur, Kerala). The company’s “Ujala” brand is an household name, on account of the company’s excellent marketing campaign in the late 90s and early 2000’s through “Aaya Naya Ujala” campaign. Over the […]

A Primer on Investing in Gilt Funds – Just Another Investor

Reading Time: 5 minutes What are Gilt Funds? Gilt Funds invest in Securities which are issued by Reserve Bank of India on behalf of Government of India. Securities are also issued by State Government which are also considered to have an implicit sovereign guarantee. What are the features of Government Bonds? The Government bonds are considered to be the […]

Gilt Funds have provided superior returns during last 12-months; higher market borrowings may change this story – Just Another Investor

Reading Time: 3 minutes The Government’s decision to raise INR 12 lakh crore through market borrowings in fiscal 2021 will have a major impact on the debt markets on Monday (11th May 2020) and curb the uptrend in rising Government bond prices. The high borrowings may lead to sell-off in existing bonds and gilt funds (funds which invest in […]

Coromandel International – Best Play in India’s evolving Fertiliser Story? – Just Another Investor

Reading Time: 5 minutes Coromandel International Limited (“CIL”) is in the business of Fertilizers, Specialty Nutrients and Crop Protection. The Company manufactures a wide range of fertilizers in the non-urea (also called complex fertilisers) segment with major presence in Andhra Pradesh and Telangana. The company markets the products through brand “GROMOR”. The Crop Protection business produces insecticides, fungicides and […]

Performance of Top 6 Indian Pharmaceutical Players : In-charts

Reading Time: 2 minutes Average ROCE vs Average Operating Margin Size of the bubble indicates revenue Colour of the Bubble indicates revenue growth during fiscal 2016 to fiscal 2019 Red: Negative growth; Yellow: 0-5%; Green: Above 5% Source: Company Reports Gearing and Average ROE for Players The acquisitions by Lupin during 2016 and 2017 led to high leverage for […]

The Finance Ministry will have to Fire a Bazooka to get Economy Back on Track – Just Another Investor

Reading Time: 4 minutes There is never a good time for any country to be suffering a pandemic, however the current Covid-19 pandemic could not have come at a worse time for the Indian Economy. Even as the Government was trying to navigate the economy through a period of slowdown in economic growth, credit squeeze in the banking system, […]

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