Hello VP members,
Have not updated PF in a while here,
Hence updating it after almost 5 months.
2 out of top 3 position still remains same
SKP Bearings
Creative Newtech
Kontor Spaces
AVG Logistics
Mold - Tek Technology
Galaxy bearings
Misc. (10% - 5 stocks)
Added Kontor due to Co-working tailwinds → Check the write up of mine in on VP
AVG Logistics → they are trying to be the first asset light logistics company, they are doing work in cold chain logistics in Nagpur and Odisha, there’s some major subsidy for set up and post that there’s high margin (28%) for the business,
if they scale up quickly like they are promising they must be trading at 1.25x PEG
Bit curious on the SKP bearing holding. If I’m not wrong the capex will go live in FY26, right? How are you so comfortable holding this in this market where there are plethora of opportunities
Hello ,
As you have written that AVG logistics is trying to be the first in the cold chain logistic. Actually there is a company name Snowman Logistics who is working on it and has got quite a market share.
I’ll suggest you to read carefully before commenting,
I said first co. Trying to be asset light not first in cold chain logistics,
Also they might be the first co. in 3PL in cold chain
Its growing very fast, and the business is essential a distributor, so optimizing working capital is key here, in order to grow this fast, more cash is going in then coming out.
True but then won’t it require constantly new funding which might lead to higher debt / equity raise whilst also paying high interest costs. I like the business especially the upcoming Honeywell partnership but this is the only thing holding me back