I have been able to find some opportunities to deploy cash (summary below).
- Increased position size in Sharda Cropchem from 2% to 4%. Their recent growth has been really impressive, they are cheap and growing fast
- Added Aegis Logistics (4% position size). Growth is coming back, though the Vopak deal was at lower valuation, it opens new opportunities in new chemicals. I will post more details in a subsequent post
- Added Control Prints (2% position size). Niche business with reasonable growth, attractive economics
- Added Shemaroo as a deep value bet (1% position size). Business is reviving and valuations are very cheap.
As a result, cash position has been reduced to 10%.
Core compounder (54%)
Companies | Weightage |
---|---|
I T C Ltd. | 8.00% |
Housing Development Finance Corporation Ltd. | 4.00% |
NESCO Ltd. | 4.00% |
Manappuram Finance Ltd. | 4.00% |
Ajanta Pharmaceuticals Ltd. | 4.00% |
Aegis Logistics Ltd. | 4.00% |
Alembic Pharmaceuticals Ltd. | 4.00% |
Amara Raja Batteries Ltd. | 4.00% |
Avanti Feeds Ltd. | 4.00% |
Eris Lifesciences Ltd. | 4.00% |
HDFC Bank Ltd. | 2.00% |
HDFC Asset Management Company Ltd | 2.00% |
Aditya Birla Sun Life AMC Ltd | 2.00% |
PI Industries Ltd. | 2.00% |
Control Print Limited | 2.00% |
Cyclical (17%)
Companies | Weightage |
---|---|
Kolte-Patil Developers Ltd. | 4.00% |
Sharda Cropchem Ltd. | 4.00% |
Ashiana Housing Ltd. | 2.00% |
Ashok Leyland Ltd. | 2.00% |
SWARAJ ENGINES LTD. | 2.00% |
Kaveri Seed Company Ltd. | 2.00% |
Jamna Auto Industries Ltd. | 1.00% |
Slow grower (6%)
Companies | Weightage |
---|---|
Cochin Shipyard Ltd. | 4.00% |
Power Grid Corporation of India Ltd. | 2.00% |
Turnaround (6%)
Companies | Weightage |
---|---|
CARE Ratings Ltd. | 4.00% |
Lupin Ltd. | 2.00% |
Deep value (7%)
Companies | Weightage |
---|---|
SJVN Ltd. | 1.00% |
ATUL AUTO LTD. | 1.00% |
Jagran Prakashan Ltd. | 1.00% |
D.B.Corp Ltd. | 1.00% |
Time Technoplast Ltd. | 1.00% |
RACL Geartech Ltd | 1.00% |
Shemaroo Entertainment Ltd. | 1.00% |