Pragnesh's portfolio

[Topper]

I am asking that what is the problem if institutional holding is more than 10%?

[Pragnesh]

Many companies with >10% institutional holding have given multibagger return.So it is not thumb rule.

However, Institutional holding has 2 significance.

If no or less institutional holding,then

1…It is under researched company. So we can buy stock at lower valuation than its intrinsic value.

And second thing

2…If company performs well in future and when mutual funds and other institutes enter in that stock, it can give high stock price appreciation.

[Saiyam_Jain]

Sir your picks are amazing. Is there any business you are studying these days?

[Pragnesh]

Recently invested in prevest denpro
Now adding paushak

[Surender]

@Pragnesh

paushak

@Pragnesh : I understand that business has competitive advantages. However, hardly any communication from the management on the direction or vision of the business although past performance had been good.

How do you overcome the information void?

[Pragnesh]

Frankly speaking, for B2B companies, it is very difficult to do scruttlebutt.I have invested in Paushak , Astec life on growth and good promoters basis( alembic and godrej group)

[Surender]

Thanks for sharing your perspective.
Astec deserves a long ropeway since it provides decision worthy information in public filings - Informative AR, commentary on the quarterly results, management’s view on the business trajectory in the quarterly conference call (clubbed with Agrovet) and conservative accounting.

[axiskumar]

Please advise growth triggers for Astech life

[Pragnesh]

Astec growth triggers

Astec Lifesciences

Astec life -update(past performance and future growth triggers) ASTEC 1…PERFORMANCE -20-30% cagr growth upto 2022 -Negative de growth in 2023 and 2024 =Topline and profitability were severely impacted due to -sluggish demand, -lower realizations and -high-cost inventories of enterprise products =CDMO business grew 3.0x y-o-y led by new product development while profitability also improved 2…Future growth triggers A…CDMO business =Increasing Cdmo business =Management guided huge exp…

[Pragnesh]

Added paushak and prevest denpro. They are among highest allocation.

I have highest allocation in following stocks.I will share my latest portfolio shortly.

Beta drugs
Pix transmission
Carysil
Apcotex
Astec
Paushak
Prevest denpro

[rbothra04]

Hi, can you explain the rationale behind paushak being one of your highest allocation?

[Pragnesh]

Please go through this thread

Paushak Ltd. - Alembic's agrochemical business

My notes on Paushak ltd

[saikathalder]

Sir, are you still holding Alkyl amines? (sorry if i have missed updates).
because Akyl amines, and overall chemical sector got strong headmind due to slowdown in china and europe.
Europe consumption reduced by 5% or more in last 2 quarters.
Fundamentally may be they are good stock, but is the memontum still there?

[Pragnesh]

Yes

Still holding all chemical stocks like grauer and weil ,astec, paushak, apcotex and alkyl amine

Added more like paushak in last 3 months.

[Pragnesh]

Added Racl geartech
Around 20% down from ATH

[Pragnesh]

Prevest denpro ltd

feb 2024 concall

Prevest Denpro Limited

Feb 2024 concall PERFORMANCE 1…Export =We continue to face headwinds from the currency exchange fluctuation, and shortage of foreign exchange in some of our major markets. However, I am happy to share that these challenges are gradually easing we anticipate a renewed business growth in these regions in the coming period. 2…Domestic =growth of 35% 3…Margin =However, as we navigate through this phase of growth, it is essential to note that our profit margin and EBITDA margin have shown a …

[Pragnesh]

Astec ltd

Concall feb 2024

Astec Lifesciences

Feb 2024(From godrej agrovet concall) The Enterprise business has been facing extremely challenging external market conditions which have severely impacted on its top line and margin performance. Continued destocking in the export markets and excess supply from China resulted in a significant margin erosion of the Enterprise business. =========================== FUTURE GROWTH TRIGGERS R and D centre =As per Nadir godrej, for Astec, the future looks very bright because of the R&D center. …

[Pragnesh]

Apcotex ltd

Feb 2024 concall

Apcotex Industries - monopoly in Synthetic Rubber?

Apcotex concall(feb 2024) PERFORMANCE A…Volume growth =Our growth has been fantastic in terms of volumes. We have grown at 26% for the first nine months in terms of volumes. =This was in spite of challenging market condition = The revenue has not grown. It’s flat. That’s because of raw material prices. =Volume growth if you are asking for as most of the growth this year has come from our Latex business, which is -carpet, -VP Latex, -Nitrile and construction, =So, the volume growth th…

[Pragnesh]

Feb 2024 concall(Hindware)

Hindware Home Innovation Ltd on to rapid growth post demerger?

Feb 2024 concall(hindware) 1…Performance =Despite the challenging macro environment, our performance for the quarter and nine months has been stable. =While demand sentiment across categories and regions has been muted, the resilience of our business model and the strength of our brands have enabled us to continue delivering value. =We are confident that as the market improves, our performance will further strengthen. B…pipe =Despite challenges such as sluggish demand and fluctuating raw…

[Pragnesh]

Ganesha eco
Feb 2024 concall

Ganesha Ecosphere - Green Earth play

Feb 2024 concall 1…PERFORMANCE A…Textile sector recovery =Under the shadow of slowdown in textile sector, our operations were slided for a while during H1 FY2024, but we are pleased to share that our operations have geared up in the 3rd quarter and improved significantly over the last two quarters due to stabilization of RPSF prices as well as moderation in the prices of raw material, which improved our gross margins. =We are more or less back on track after a subdued performance achieved …