This needs a big heart, conviction in the picks, Good research and ability to absorb shocks like March 2020. Kudos to you Vikas.
Congratulation’s on fantastic CAGR.
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Thanks yes makes sense after achieving what you already have!! Just curious that today your portfolio is at 100X of your expenses…what is the investment cost (how many X of expenses) and how much time it took to reach this amazing milestone?
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Latest folio status:
| Company name | Last price | Cost per share | % of Total | Return % |
|---|---|---|---|---|
| Shakti Pumps (India) Ltd. | 750 | 533 | 7.4 | 41 |
| Bajaj Steel Industries Ltd. | 1273 | 451 | 7.4 | 182 |
| Manorama Industries Ltd. | 1585 | 683 | 6.5 | 132 |
| RACL Geartech Ltd | 550 | 252 | 5.9 | 118 |
| Laurus Labs Ltd. | 647 | 170 | 5.9 | 280 |
| Vipul Organics Ltd | 193 | 120 | 5.5 | 61 |
| Pix Transmissions Ltd. | 813 | 454 | 5.0 | 79 |
| GNA Axles Ltd. | 709 | 401 | 4.6 | 77 |
| Bajaj Healthcare Ltd. | 916 | 476 | 4.1 | 92 |
| Dynemic Products Ltd. | 584 | 391 | 4.1 | 49 |
| Expleo Solutions Ltd. | 1173 | 631 | 3.8 | 86 |
| Filatex India Ltd. | 105 | 75 | 3.7 | 39 |
| Kopran Ltd. | 243 | 135 | 3.6 | 80 |
| Godawari Power & Ispat Ltd. | 1502 | 977 | 3.5 | 54 |
| Tips Industries Ltd. | 1239 | 861 | 3.3 | 44 |
| Fairchem Organics Ltd. | 1938 | 1574 | 3.2 | 23 |
| Asian Granito India Ltd. | 181 | 157 | 3.2 | 15 |
| Pokarna Ltd. | 447 | 196 | 3.0 | 128 |
| Praj Industries Ltd. | 387 | 372 | 2.7 | 4 |
| KPR Mills Ltd. | 1985 | 1573 | 2.6 | 26 |
| Marksans Pharma Ltd. | 85 | 80 | 2.5 | 6 |
| Valiant organics Ltd | 1339 | 1502 | 2.4 | -11 |
| Steel Authority Of India Ltd. | 138 | 138 | 2.2 | 0 |
| Time Technoplast Ltd | 83 | 85 | 2.1 | -3 |
| Sandur Manganese & Iron Ores Ltd. | 1867 | 1999 | 2.0 | -7 |
Total gain in past 5 weeks, since previous status update, is 16%. Small caps are struggling with elevated valuations and can maybe take a break for a quarter or two to allow some cooling off.
Note - There has been a pay-out, but buggy zerodha chart does not show it.
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My investment cost is 22x expenses, but that gave no comfort in the downside, it was bare minimum threshold. The corpus at start in Sept 2017 was 15x (which is why I got serious enough to try but failed then) and the rest 5x got added in Oct 2019 and over 2020. I had already decided enough was available in Jan 2021 when 45x level was achieved. Sensing that the overall valuations were reasonable and the trend was strong enough to keep the level rising to add comfort.
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Hi @vikas_sinha sir,
Hope you are doing well. I am new on VP and came across your thread. If you are tracking, what are your views on LT Foods (Daawat)?
Bajaj Healthcare - what do you expect the trigger for the company going forward.
Are you averaging down or planning to average down any of your positions?
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Hi Keval,
No, not buying anymore, no lateral shifts planned either, just making withdrawals for expenses by selling off some of the weaker hands and balancing some big positions. I am making this into a coffee can for a few quarters at least.
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Hi Shankar,
I do not expect any big triggers, but a bunch of small ones, and favorable mania for pharma sector, which may last a few quarters. Triggers are some small capacities coming online, some fresh API/formulations launches, some aggressive sales to LMIC etc. and possibly China+1 factor coming into play. In Cheapish to Fairly valued range IMO, liquidated a bit recently.
Hi Sirish,
LT Foods looks ok to me, rice exports are bit shaky bet, this is only at a very macro level, I do not track this much. Iran sanctions relaxation might provide an uptick.
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Hi Vikas,
Would like to hear your views on Valiant Organics and Acrysil.
Regards
Manoj
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Latest folio status:
No significant changes, more or less sell off across the board for funds/liquidity/cash. (except in the smallest weighted shares)
Actually sold off 8% of folio value in past 2 months, biggest chunk 5% for tax payment due in month end
| Company name | Last price | Cost per share | % of Total | Return % |
|---|---|---|---|---|
| Shakti Pumps (India) Ltd. | 717 | 533 | 7.7 | 34 |
| Laurus Labs Ltd. | 656 | 170 | 6.5 | 286 |
| Manorama Industries Ltd. | 1484 | 683 | 5.9 | 117 |
| RACL Geartech Ltd | 497 | 252 | 5.9 | 97 |
| Bajaj Steel Industries Ltd. | 1000 | 451 | 5.9 | 122 |
| GNA Axles Ltd. | 791 | 401 | 5.7 | 97 |
| Pix Transmissions Ltd. | 799 | 454 | 5.4 | 76 |
| Vipul Organics Ltd | 179 | 120 | 4.8 | 50 |
| Bajaj Healthcare Ltd. | 902 | 476 | 4.3 | 90 |
| Filatex India Ltd. | 106 | 75 | 4.2 | 42 |
| Dynemic Products Ltd. | 562 | 391 | 4.1 | 44 |
| Tips Industries Ltd. | 1261 | 861 | 3.7 | 46 |
| Expleo Solutions Ltd. | 1016 | 631 | 3.5 | 61 |
| Pokarna Ltd. | 508 | 196 | 3.5 | 159 |
| Fairchem Organics Ltd. | 1909 | 1574 | 3.5 | 21 |
| Kopran Ltd. | 213 | 135 | 3.3 | 58 |
| KPR Mills Ltd. | 2281 | 1573 | 3.0 | 45 |
| Asian Granito India Ltd. | 161 | 157 | 2.9 | 3 |
| Godawari Power & Ispat Ltd. | 1152 | 977 | 2.6 | 18 |
| Praj Industries Ltd. | 360 | 372 | 2.5 | -3 |
| Marksans Pharma Ltd. | 70 | 80 | 2.3 | -12 |
| Sandur Manganese & Iron Ores Ltd. | 1931 | 1999 | 2.3 | -3 |
| Valiant organics Ltd | 1396 | 1495 | 2.2 | -7 |
| Steel Authority Of India Ltd. | 122 | 138 | 2.2 | -11 |
| Time Technoplast Ltd | 71 | 85 | 2.0 | -17 |
Account value curve
Finally payouts have been shown correctly!
Can say the portfolio is now like coffee-can, it can remain underperforming for few quarters/years, despite being decent/not-so-bad quality thus low risk, it is the nature of markets to go through various phases, best is to stick to longer term view, at least few quarters i.e. 3 or more, 5 on average.
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It has been extended to December 31.
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Hi Manoj,
Acrysil is a fine company, has all characteristics of a good compounder, supplier to IKEA and I see them being sold in local hardware shops also, best is the incremental growth, rather than long delayed spurts in capital investments. Quality is shown by their performance during the difficult times when all had enough excuses to give.
Valiant organics is a bit doubtful entity, looking at the cashing out of various promotor entities, hence I kept the exposure small. They struggle even when most chem biz have outperformed, I will give then a little more time, seems the tailwinds may just start any time now.
Cheers!
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Hi Vikas,
Can you also pls share the CAGR of the portfolio and % of your networth into equity. The reason for asking is to understand the nature of portfolio with respect to life savings.
Thanks Vikas for sharing your views
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UPDATE:
Sold off Asian Granito, flipped it to buy Jubilant Ingrevia. Also reduced little from Vipul Organics and GNA. Transaction worth 3% of folio.
Reason:
Did not like the shenanigans of the promotors of Asian Granito, ads on biz TV networks, rights below book value etc. Jubilant has better management, promotor buying from markets, expansion plans and is also an ethanol play.
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Good decision, AGL promotors are not ethical. Jubilant ingravia is largest holding in my PF as of now. 1000 cr expansion underway, turnover to rise by 40% in 2-3 years.
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UPDATE:
Entered Globus Spirits, deal worth 2.7% of folio, selling big chunk of Vipul organics, substantial part of GPIL, small chunk of Dynemic, Bajaj Health, Manorama industries and Expleo in that order.
Reason:
Globus seems to be consistently and structurally on earnings up-move, management looks sound. Vipul organics looked risky due to tiny-cap and export reliance in a commodity market, GPIL may take a tiny hit if iron-ore falls back to 2020 levels.
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Globus has seen a significant run up in the recent past… Almost 4x in trailing twelve months.
Don’t you feel it is a bit heated right now to enter. Are there any developments which we are missing here
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