As of today, I have shifted my 2% allocation from Swaraj Engines to Heranba. Swaraj is a top class operator, however their growth largely resembles overall tractor market growth (which is 6-8% volume wise). Heranba on the other hand has been growing much faster than Swaraj, operates in a similar space and are cheaper on valuations.
As I had earlier mentioned, I am looking to switch from lower growth cos to higher growth ones if both are available at similar valuations. Updated portfolio is below, cash remains at zero.
Core compounder (48%)
Companies | Weightage |
---|---|
I T C Ltd. | 8.00% |
Housing Development Finance Corporation Ltd. | 4.00% |
NESCO Ltd. | 4.00% |
Eris Lifesciences Ltd. | 4.00% |
Ajanta Pharmaceuticals Ltd. | 4.00% |
HDFC Asset Management Company Ltd | 4.00% |
Aegis Logistics Ltd. | 4.00% |
Gufic Biosciences | 4.00% |
HDFC Bank Ltd. | 2.00% |
PI Industries Ltd. | 2.00% |
Control Print Limited | 2.00% |
Shri Jagdamba Poly | 2.00% |
ICICI Lombard General Insurance Company Ltd. | 2.00% |
LINCOLN PHARMACEUTICALS LTD. | 2.00% |
Cyclical (36%)
Companies | Weightage |
---|---|
Kolte-Patil Developers Ltd. | 4.00% |
Sharda Cropchem Ltd. | 4.00% |
Avanti Feeds Ltd. | 4.00% |
Aditya Birla Sun Life AMC Ltd | 4.00% |
Manappuram Finance Ltd. | 4.00% |
Alembic Pharmaceuticals Ltd. | 4.00% |
Amara Raja Batteries Ltd. | 4.00% |
Ashiana Housing Ltd. | 2.00% |
Ashok Leyland Ltd. | 2.00% |
Heranba Industries | 2.00% |
Kaveri Seed Company Ltd. | 2.00% |
Slow grower (4%)
Companies | Weightage |
---|---|
Cochin Shipyard Ltd. | 4.00% |
Turnaround (6%)
Companies | Weightage |
---|---|
CARE Ratings Ltd. | 4.00% |
Punjab Chem. & Corp | 2.00% |
Deep value (6%)
Companies | Weightage |
---|---|
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% |