Shuchi Nahar

Some excellent principles - Do have a look #Investing

The Anatomy of a Multibagger Such a perfect representation by @soicfinance - Unlocking the power of structural transformation in a dull market

SOIC January POV - Everything that happened at glance #GOLD #silver #MarketUpdate

Here’s an interesting weekend read - Did you know this is India’s Next Billion-Dollar Consumer Wave? Have a read to an interesting data sets and see how listed companies are capturing their space soic.in/blog-page/why-… #protein #genz #marketgrowth

India’s auto sector and the art of premium wealth creation - Insights covering different companies and market demand soic.in/blog-page/the-… #autosector #suv #premium

Here’s an interesting Weekend Read - The Hidden Giant Building India’s Aerospace Future soic.in/blog-page/dyna… #AeroSpace #Dynamatic

What are the key reasons for an AUTO Ancillary to do well vs peers? 1. Benefits of premiumisation. Selling more to make the Car/2w look premium. Think of companies involved in interiors or Dcals or Instrument clusters or Sunroofs etc. 2. The company should be engine agnostic. No risk of ICE engine dependence to ensure no terminal value risk exists. 3. Ability to do inorganic acquisitions that are value accretive to the business. Acquiring companies that can add to revenues and overall EBITDA growth. 4. Ability to grow faster in After Markets. This is where margins are higher vs OEM production. 5. Ability to win new customers and client mining. New content per vehicle or Kit value per vehicle is the key mental model to track. 6. Partnership with the best OEMs. Think about proxies of TVS or Ather or M&M. These businesses will generally grow faster if their kit value per vehicle is increasing too. 7. Ability to expand margins- this is the most important one. If an Auto Anc can expand margins inspite of being listed. It means it has become a critical supplier. As OEM's track margins like a hawk and won't let someone earn higher until the product they supply is absolutely critical to the end Car/2w/CV.

How India’s Auto Industry is Shifting from Utility to Desire - Entire Value chain decoded India’s mobility is no longer about moving people – it’s about moving perceptions. Value addition → Margin expansion → Capital efficiency → Re-rating. #auto soic.in/blog-page/the-…

Think about the below image carefully. This will help you to understand the new trends that can emerge in consumption

Did you know only 8% of Indian households own an air conditioner. Compare this with China (~100% penetration), the US (~90%), or even smaller economies like Vietnam (~44%). India’s AC story is not even at the starting line— Heres the entire value chain soic.in/blog-page/from…

From Hype to Hope - The Mental Model of Bombed out IPO How to play an IPO? Explained in detail Have an amazing weekend read soic.in/blog-page/from…

The AI Craze is crazy! Over the last 5 years, the Capital Expenditure by top tech firms, especially the BIG 5 (Apple, Microsoft, Meta, Alphabet and Amazon) has reached ~$1 trillion. Over the same period, OIL&GAS majors have done a CAPEX of about $800 Billion. Result: Tech now dwarfs Oil & Gas in CAPEX. If utilization and cost curves keep improving, AI spend becomes the digital economy’s infrastructure. But at what cost? Are the economic gains from ~US$1Trn in AI build-out greater than the tangible, visible gains from Oil & Gas? Oil & Gas still accounts for over 50% of world energy consumption by source. What does AI drive at a commensurate scale? LLMs correcting grammar, gamers beating people in chess, prompt engineers writing new way to 'search'? May be these observations are a bit too harsh. There are some serious big-ticket improvements that is doing in the field of medicine, finance and education. History tells us that there are very few technologies which change the world. May be AI is one of them, or it isn't. I have no clue. But history also tells us that the very few firms survive the first onslaught of new tech development and the mortality rates of firms in innovative sectors is very high, leaving a handful of survivors. The question to ponder. How much are we paying for this innovation. By one measure, $36 trillion globally (as per GICS classification). That's one third of Global GDP. On S&P 500 definitions, Oil & Gas, the so, called “sunset” sector carries ~US$1.6T in market cap, while Technology, the anointed “future”, stands near ~US$28trillion (just in US). Has the market prepaid too much for that future? Perhaps many times over. The answer hinges on testable unit economics: rising utilization of deployed compute, falling $/inference, reliable power, and proof that AI productivity lifts diffuse beyond tech vendors into the broader economy. Until those show through the P&L, the valuation spread is a bold assumption, priced as inevitability. Another extremity. The technology sector market capitalization is now approaching $30 trillion in MSCI ACWI Index. This is equal to the combined valuations of the following ‘Sleeping 7’ sectors combined: 1. Consumer Staples 2. Energy 3. Materials 4. Utilities 5. Real Estate 6. Consumer Discretionary 7. Industrials The tech sector's implied earnings are about $600 Bn while the 7 sleeping sectors make about $1.5 trillion in net income. The tech sector trades at about 38x trailing earnings while the sleeping 7 trade at about 22x. The reason is of course the huge differential in ROEs. Tech sector operates at a whopping 25% ROE while the sleeping 7 are at 12%. The problem is, at extremes, the extremities look very likely to continue. Extrapolation of extremes cause mistakes. Beware. This is turning out to be the biggest bet on the 'unknowbale' future. One of the most outrageous extrapolations we have ever seen in a long time. Maybe it will go right. But at what cost? What's the 'Margin of Safety'? As sceptics, we are watching.

Did you know Households spend nearly 45% of their food budget on dairy and packaged foods—a figure that’s only expected to rise with the ongoing urbanization, rising incomes, and nuclear families hunting for convenience and nutrition soic.in/blog-page/milk… #indiandairyindustry

Here’s the weekend read - The world may run on oil, but India’s growth story is built on concrete. And guess who’s supplying the tools to mix, move, and pour it? Yep — Ajax Engineering. soic.in/blog-page/the-… #ajaxengineering #cementsector @soicfinance

Did you know Global Composite Cylinder Market size is - •Expected to grow from $1.3B in 2024 to $2.0B by 203 •Operates in 40+ countries; aims to expand further in Middle East, Taiwan, ASEAN Read the entire coverage here - soic.in/blog-page/time… #timetechnoplast

Important learnings

4 detailed videos which add value to the larger investor community! 1) Learn to use Screener youtu.be/H7Qe-uYsQ6Q 2) Learn to use Tijori Finance youtu.be/QepqlA8jggg 3) Learn to use TradingView youtu.be/3J2AOQ08rqA 4) Learn to use ValuePickr youtu.be/7EbnGe-CwYU All 4 videos are made in really simple language, and these are basic tools which one can learn to accelerate their investing journey!

Important ratios to tract in different sectors 💯 In a Simple and easy way here #valuation #ratios #sector

Did you know how big is the India's Cables & Wires Boom: Plug Into the ₹1 Lakh Crore Power Play soic.in/blog-descripti… Post result dynamics of the Cable and Wire Industry deep dive #wirecable #Q4FY25Results #polycab #kei #rrkabel #finolexcables #havels

A good weekend read - Insights from multiple con calls for Q4FY25 with few interesting management meet notes of Arvind Smart Spaces soic.substack.com/p/investors-ed… Happy learning:) #Q4FY25 #results #arvindsmartspace

A good weekend read - Insights from multiple concalls for Q4FY25 and a few interesting management meet notes and one IR day notes of a 2nd largest hotelier in the country. soic.substack.com/p/daily-invest… #Q4FY25 #Investorinsights