ValuePickr - Chintan Baithak 2019 Indian Equities Market Past Return

[dd1474]

My working on Swaraj Enginre since listing. Swaraj Engine generated XIRR of 46% per annum since July 1989 when company did IPO.

Swaraj Engines - Great cash flows!

Enclosing my working Swaraj Engine for an investor who got allotment in IPO and continue to hold without any action (neither participating in buyback nor subscribing in rights but continue to hold orignial holding and receive dividend). Over a period (since 1989 when compnay did IPO (assumed at par of Rs 10 each) Rs 1000 invested (100 share @ 10 per share), would have grown to ~850,000/- (600 shares @ 1408 share price on March 2019) giving XIRR of 46% (cell W34 in enclosed excel file) over 30 ye…