Portfolio Update:
| Stock | Cost % | Latest % | Avg Holding Period |
|---|---|---|---|
| Omfurn India | 31.60% | 27.20% | 42 |
| Holmarc | 10.35% | 12.51% | 54 |
| PNGS Gargi FJ | 6.26% | 10.38% | 137 |
| Bondada Eng | 5.66% | 10.32% | 52 |
| Chaman Metalics | 4.73% | 4.49% | 213 |
| Labelkraft Tech | 6.45% | 4.27% | 185 |
| Aurangabad Distill | 4.29% | 3.94% | 51 |
| Knowledge Marine | 0.76% | 3.16% | 467 |
| SKP Bearings | 4.56% | 3.05% | 7 |
| Saakshi Medtech | 3.86% | 3.05% | 41 |
| Kotyark Industries | 2.31% | 3.02% | 299 |
| Evans Electric | 2.46% | 2.92% | 135 |
| Technopack Polymers | 4.28% | 2.70% | 89 |
| Felix Industries | 2.82% | 2.10% | 31 |
| Cosmic CRF | 1.76% | 1.38% | 30 |
| Cadsys | 1.91% | 1.27% | 60 |
| Oriana Power | 1.85% | 1.24% | 51 |
| Silicon Rental | 1.66% | 1.23% | 89 |
| Perfect Infra | 1.28% | 0.95% | 80 |
| Markolines | 1.13% | 0.84% | 95 |
New Entries:
SKP Bearings:
Good Business, Decent Capex coming into play, good results and less decent valuation.
Re-entries:
Cosmic CRF:
Re-entered on expectation of good results and incoming orders. The litigation issue persists though.
Exits:
-
Magson Retail:
Despite flat results, the share price rose due to HNIs and hence exited. -
Uma Converter:
The valuations still are way ahead of the bottom-line results. Classic Pre-IPO window dressing levels are far away and other factors continue the company being sub par. -
EP Bio:
Bad Results. The employee expenses have gone over the roof and due to this the bottom-line is flat. Emp exp may be RPTs so exited.
H1 Season:
The results were mixed as a whole, but majority have negative Operating Cash Flows (even prior positive cash flow companies turned red).
Positive results from companies:
-
Omfurn: Good Growth numbers and around 12-13 months order book still on hand.
-
Bondada Eng:
H1 Fy 24 vs H1 Fy 23 are great. H2FY23 comparison is decent. -
PNGS Gargi:
Consistent Results. -
Evans:
Highest ever op margins along with net profits (but with negative cash flows) -
Cosmic CRF:
COSMIC CRF LIMITED - sme - #21 by Dhvanit_Merchant17.
Overall SME exposure is now at 95% and no new investment is done in SMEs (except SKP Bearings arising from sale proceeds of others on poor results)
Average Holding Period reduced substantially due to tax harvesting done in September and despite this the holding has increased to 115 days.