The harsh portfolio!

harsh.beria93 · October 29, 2021, 3:27pm

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%)

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%)