Ranvir's Portfolio


(ramanhp) #121

Not price monitoring but the recovery shown today shows high demand for this stock. It recovers pretty quickly after even minor falls.


(ranvir dehal) #122

@Matt1985…Hi.

Between the two its a close one…u r right. V Guard is slightly cheaper on valuation front ( if one adjusts for 45 cr of exceptional brand building spend they had set aside for q4 fy 18 )…but not by much.

Since I had previous positions in V Guard and it had corrected, so I just bought some more.


(ranvir dehal) #123

This is an interesting one…it has the potential to disrupt and expand the 3 wheeler and intra city taxi space in India. Lets see how it goes.


(Matt1985) #124

Thanks Ranvir. I tend to agree with you.

But what may set VGuard stand apart would be management integrity. The promoter and his sons are known for it in the state of Kerala. They were from humble origins.

Haven’t heard anything good or bad about Havells management. Does anybody know more about Havells management

Regards,
Matt


(ranvir dehal) #125

I have never heard anything bad about management integrity at Havells.
Used to track it actively 5-6 yrs ago.

Just an observation - They are very aggressive when it comes to business expansion and do not shy away from large acquisitions…which is not bad. It had back fired once - when they bought the European Lighting Giant Sylvania which they later had to exit as they could not turn it around.

I dont see such fears wrt Lloyd"s consumer Durables Business…its an opinion.


(mylu) #126

Same reason for my holding of vguard also :slight_smile:


(ranvir dehal) #127

Bought some more V Guard due stock price correction and my assessment of sound business fundamentals…although I could only manage a small quantity due cash shortage.

Disc: 100 % invested in equity. No FDs, Gold or Real Estate.


(Karthickphilistines) #128

Thank you Ranvir for sharing your wisdom and thought process…


(ranvir dehal) #129

Disc: Bought TVS Srichakra at CMP.
I Think its resonably valued. So, took the plunge.

Regards,
Ranvir Dehal


(ranvir dehal) #130

Disc: Bought HDFC ltd and Hero Motocorp in the current market fall.

Hero Moto- Its a contrarian bet.
HDFC- I think there is some valuation comfort.

Regards,
Ranvir Dehal


(Srinivasan Sundaram) #131

what about HDFC bank?


(ranvir dehal) #132

Hi…
I also hold HDFC bank. And it is supposedly a long term core holding.

However did not buy it as I thought that valuation of HDFC ltd were more appealing and it has multiple business streams like- stake in hdfc bank, hdfc standard life, hdfc ergo, hdfc amc, gruh finance, credila finance etc. All of them are excellent subsidaries.

So…I got tempted to buy it. After today’s fall, I think it has become even more attractive.

Regards,
Ranvir Dehal


(ranvir dehal) #133

Disc:
Bought Maruti Suzuki and Nestle India in today’s mkt fall.
Maruti at 52 week low and FY 19 PE of 25 looks good to me.
Nestle…after a 20% correction…also looks good.
So, took the plunge.


(ranvir dehal) #134

Had no cash.

So took a loan.

Bought HDFC ltd and Maruti Suzuki today. I thought valuations are quite tempting.


(MHS) #135

Hi Ranvir

How is the PF performance, last one month and this year to date, if u can share.

By the way one of the best PF strategies u adopt here in VP forum, just buying High Quality Businesses.

Thank q


(sko5prasad) #136

Took a loan for PF building ?


(ranvir dehal) #137

@MHS and @sko5prasad…

Hi,

Yes , I try and keep it simple.If a business is difficult to understand, I just ignore it( irrespective of perceived business/stock upsides ).

Reason- If u dont understand something well, u will never have the courage to buy if it falls.

It has worked well for me in the last 5 yrs or so.

My annualized CAGR in last 5 yrs or so would be around 17‚Äď18 %
( accounting for the Sep - Oct rout in stock prices) . Otherwise it would have been higher. (22-23% or so)

Last 1 year has been largely flat to mildly negetive.

In the last one month, i guess my portfolio is down 18-19 percent … which is a substantial fall. But overall, it has been good going in last 5 years.

Good thing ( my personal view ) is that the market is down at very healthy levels ( ie buying worthy ) and I have bought stocks with all that I have and some bit of leverage ( loans ).