The Disciplined Investor

I write a Thread 🧵 every once in a while. Here's a compilation of them, sorted chronologically for your easy reference👇

@ashu299 Net Cash = Cash Equivalent + Liquid Investment - Total Debt

@Disciplined_Inv How to check net cash in screener?

Study Schand: Current market cap 520 Cr Net Cash 105 Cr Entire business that does 100 Cr avg cashflow available for around 400 Cr. Growing PAT every year and dividend paying. AI Content Licencing growing at 60%. Done M&A in international curriculum. May soon do buyback.

@SunDudez Turnaround is in the business, not the stock price.

@Disciplined_Inv A decade after IPO, CMP has equalled listing price. Where is the turnaround?

Study Sheela Foam: Market Cap: 8500 Cr Market leader having a turnaround Purchased Kurlon for 2000 Cr Kurlon integration complete Debt down from 1500 Cr to 900 Cr ATH Sales & Ebitda First ever dividend announced. Holds 43% of Furlenco, IPO soon. ATH: 2000/share CMP: 750/share

@Prashan18026407 During Kurlon Integration earnings were depressed. PE is looking optically high. Real forward PE is less than 25. Also looking just at PE is not enough, its trading at P/B of less than 2.5 which is close to all time low.

@Disciplined_Inv What are we going to do sir with 1rs dividend. And why are we going to study a mattress company above 50 earnings multiple. It is best suited between 35 and 42 times. Rest, market is god!

@ankitrdmvxzya Sure the growth has slowed but the price is factoring in negative growth.

@Disciplined_Inv Where is growth

Study Route Mobile: Market cap ~ 3500 Cr Cash ~ 1400 Cr, debt free Dividend yield ~ 2% A proximus group company operating in 20+ countries serving 40k+ customers & generating 600 Cr annual cashflows is available for just 2100 Cr. Proximus paid ~ 1700/share ATH ~ 2200 CMP ~ 550

@kvamte Not a major red flag for me. The price is what it is because of that.

@Disciplined_Inv But there is a serious red flag! FII holdings collapsed from 20% to 2.49%, and DII holdings fell from 8% to 4%.

@ajaychandthakur Revenues and profits are growing well post covid as per their concall guidance. Digital investments in Smartivity, ixambee and YouTube channel are also growing, NCF complete rollout by this year with implementation by next year. New printing press capex announced; AI datasets.

@Disciplined_Inv While it is a value play, its revenues are stagnant and even industry is not growing

@tushar9590 Already purchased 3 months ago and loving it. After buying, I don't feel like taking my ICE car anywhere anymore.

Would you buy a EV Car today merely motivated by higher fuel prices?

@pranavdokania Holding Archit from 40-45 levels. Averaged Vijay Solvex at 350-400 levels.

@Disciplined_Inv What about Archit Organosys & Vijay Solvex ? Any change in view ?

Omax Autos update: ~ 50% revenue increase YoY ~ 40% revenue increase QoQ ~ Debt reduced further ~ Share of Revenue from Railways > 42% now (Higher margins) Market cap moved from 200 Cr to 440 Cr. (PE still less than 12) ATH: 215, CMP: 204. Disc: Holding from 90 levels.

@ssbansal89 @AgrawalAnkittt Many good companies were available before last week at less than working capital.

@Disciplined_Inv @AgrawalAnkittt Any new Script you are tracking Sir apart from Omax autos

Venus Remedies crossed ATH today. Its 4X for me in 3 years. Up 17% today (CMP: 644) Low starting valuations + Improving Performance + Patience and Conviction = Multibagger Still available at a PE of just 13!

@AgrawalAnkittt Thanks. Good money made in this script. Will let others make money in this now.

@Disciplined_Inv Congrats Arihant Bhai Its crossed 1000 now. Kudos to you 👍

Motilal Oswal midcap fund - - Just 19 stocks with ₹37000Cr AUM - Turnover is 120% - Portfolio PE 52 times This level of concentration at such high valuations needs next level conviction and confidence.

Study Omax Autos: *160Cr debt repaid in 5 years. Selling non-core assets to reduce debt further *Recent Promoter buying. Zaki Abbas Naseer inc. stake from 4.56 to 6.59% *Doubled capacity for railways. 126Cr GST penalty dropped *Mkt cap 204Cr, Net worth 317Cr , 2.6% Div yield

Siddhartha Bhaiya - The GOAT. > Founded Aequitas PMS in 2012, started around 2013 > Delivered a mind-boggling 33% CAGR since launch > Worked nearly 7 years at Nippon India Mutual Fund before Aequitas > Built AUM of ₹7,700 crore organically, without aggressive marketing > Known for a strong contrarian style and focus on small and mid-cap value stocks > Made huge in Avanti Feeds, HEG, Apar Industries, JSL, Gujarat Ambuja. Almost 100X in Avanti > Used to say, Multi-baggers are made when there is blood on the Street > In 2024, warned about high market valuations, moved largely to cash, and added gold ETFs. > Started a China/Far East focused strategy via GIFT City. > Cash, gold, and global diversification helped during market corrections. > A true legend in Indian investing. A huge loss to the community. 😭😭 RIP, Siddhartha Bhaiya. 🙏🙏

@Random_Gyan Its true bhaiya. I am in shock.

There are rumours floating around that Sidharth Bhaiya of Aequitas has passed away. He was one of the top performing fund managers. Cardiac arrest in Newzealand! Met him 6 months ago in Kolkata. Someone please confirm that this is rumour only!!!

There was always so much to learn from him every time he came on twitter spaces and clubhouse. A really sad day for the indian investing community. Gone to soon sir. x.com/i/status/14391… x.com/i/status/15203… x.com/i/status/14873…

RIP Siddhartha Bhaiya A true Value Investor who respected history and valuations. No doubt he was the best investor in India. His earlier tweets and his views on twitter spaces were a gold mine. In his busy schedule he once even DMed me and called me to offer a job interview.