I have created an all weather portfolio considering there will always be cyclicality in Mr. Market.
SME-position is to get an exposer to this space. Will not buy more on dips. Target is either 0 or 50x . Rest all are core holdings
|CAMS|20.05%|
|Polycab |14.22%|
|Nuvama |12.26%|
|Godfrey Phillips|8.88%|
|Protean |8.72%|
|LTTS|7.07%|
|Elecon|7.03%|
|ITC Hotels|6.81%|
|GE Shipping|6.54%|
|EMIL|5.14%|
|Arham Technolgy| 3.27%|
CAMS and Nuvama seem to be capital market plays and ideally these can be avoided - So not sure of these bets.
Elecon had good results, but in the past it has had RPT issues.
LTTS is kind of a sector which is not doing well right now. ER&D has a huge fixed cost vs IT services so when the whole IT sector does badly ER&D does a badly too and can be avoided too.
Polycab is a good business. Lot of players trying to come in the same business just like paints. Do study that part once.
No comments on others.
You must also share what your reason for you having these companies as well.
This indirectly lets you revisit your thesis and also helps readers on how you have built your thesis. They can then pitch in with more thesis/anti thesis pointers.
CAMS , Nuvama and Protean are my bets on financialization. I still think the majority is yet to come in Markets. Polycab is leader in FMEG , growing at 20% + . Will ride it till growth is there along with similar or better margins compared to others. Will Ride Elecon the same way
LTTS and GE shipping is only for short term as valuations looks attractive.
CAMS trading at 44 P/E and 19 P/B but last 3 year sales and profit growth are 16%. It may grow nicely from here as a company. But will it create shareholder return from here? Besides, moment this sector is opened for private competition by Govt, where will it be?
