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Mumbai Equity Workshop ~ Saturday April 30 2022 ~ Almost Full ~ Top 10 Winning Moves

JS Equity Workshop

Losers Focus on Winners – Winners Focus on Winning

 

Gaurav A ParikhWorkshop Conceptualised & Conducted by GAURAV A PARIKH

Stock Markets ~ Minting Millions ~ TOP 10 Winning Moves

Grabbing Short Term Too While Compounding Long Term

Post Pandemic lock-down, this is the First Fundamental Direct Equity ‘Value Vs Price’ Workshop in over Two and a Half Years by Gaurav Parikh and Jeena Scriptech.

Register Right away =>  https://jsalphaa.com/js-equity-workshop/

Registration ends by 6:00 PM, April 29, 2022 or once seats are full and within days of launch over 2/3rds full already by April 19, 2022

Any queries? Connect on +91-9820162597 or [email protected] for help.

No prior Financial or fundamental knowledge is required. Just come with an Open Mind dressed with an Affirmation “I am a Winner”

Credentials

All Past Fundamental ‘Value vs Price’ workshops from 2016 to 2019 received full house response with participants spread from retail & High Networth investors to Corporates, Mutual Funds, FPIs & broking houses. They came specially from Dubai, Malaysia, Ghana, Cochin, Hyderabad, Lucknow, Thrissur, Satna, Sangli, Allahabad, Gokak, Pune, Ichakaranji, Bangalore, Delhi & of course Mumbai.

  • 300 % to 900 % gains in FY 21 Equity Portfolios under advice ! followed by 60 % to 100% gains in FY 22 !
  • A Rs 20 lakhs Portfolio surging to near Rs 2 crs in FY 21 and further doubling to over Rs 4 crs in FY 22
  • A Rs 3 lakhs Portfolio giving over 50% CAGR in 8 years from 2014 to 2022 moving past Rs 80 lakhs ! .It’s got Tata Elxsi in it from Rs 200 to now near Rs 9000
  • A Rs 5 crs Portfolio moving past Rs 14 crs inside two years with an equal mix, based on Risk Profile, of Core and Non-Core Selections with winning selections and weightages in both segments.
Surely you want your Equity Portfolio to be like or better than the above ! The Past Two Years have been insane ! and you should have that mindset to capture any such insanity going forward too while maintaining the discipline of Asset Allocation and staying true to your Risk profile

Gaurav is one of India’s Ace Stock Pickers and Direct Equity Portfolio Advisors with an outstanding record of having given many fundamental multiple multi-baggers a few of which have even given 100x returns this Millennium! He is well known for spotting Turnarounds & making Contrarian Calls and unafraid of advising tactical strategies that involve taking additional weightage in one or more stock selections for that extra punch in portfolio gains. He is the Co-Founder of Mumbai based Jeena Scriptech Alpha Advisors Pvt Ltd, a renowned SEBI Registered Research Analyst and Investment Adviser focusing on Direct Equity Advisory. He is the ideal ‘Go to’ Man for both Advisory & Training for Serious Wealth Creation in Indian Equities. He has launched Popular Workshops at the BSE and his Mentoring Sessions at NSE were eagerly awaited. Over 30 years he has shared experiences with and trained over 50000 people in India and overseas in the field of Capital Markets. His amazing forte is to simplify & demystify the most complex of financial concepts & scenarios for ease of understanding & convey it in his inimitable humorous style

Invest a full Saturday April 30, 2022, with Gaurav in person, at a prime location in South Mumbai to interact with him to build and fine track your Equity Road-map for serious Wealth Creation grabbing exciting Short Term Opportunities while Compounding Long Term in Indian Direct Equity. read more

Sat 24 Aug 2019 Mumbai Equity Workshop on Stripping Annual Reports ~ Bullshit or Badass

 🙂 Are you yet Alive in these Markets !?  😯 Wish to remain so ?

Then after June 22,2019 , here’s another great  Rs 9000 opportunity to attend my Mumbai Fundamental Equity Workshop  ~ 😆 Please don’t ask for any discount because I can’t say No !

Interpretation of Financial Statements
Indian Equity ~ (St)Ripping Annual Reports ~ Bullshit or Badass
Full Saturday, August 24, 2019

Limited Seats so do book yours right away here => www.jsalphaa.com/register.php

No prior Financial or fundamental knowledge is required. Just come with an Open Mind dressed with Common sense to realise how uncommon it really is ! At the time of Registration or even later you can even request for a Specific Company you wish who’s Annual Report be (st)ripped at the Workshop 

Here’s a warm testimonial from a participant who flew in from Accra,Ghana for the June 22,2019 workshop on Sensex at 40000 ~ Treasure & Traps where we covered Risk Profiling & Returns ,Scenarios & Scrips,Macros & Mistakes,Treasures & Traps ~ assessing many on Value Vs Price ~ 😀 Yes, the workshop did go on till much later than scheduled close,as is usual….there was so much fun interaction,again as is usual

” It was a privilege to attend your workshop.I gained a lot of wisdom & knowledge.Many thanks & God Bless ” 

& another from a repeat participant ” Many many thanks Gaurav.It was really wonderful.Really appreciate all the efforts and the sharing of your knowledge.It was outstanding ” 

There’s a comprehensive Workshop Template on the Registration link that details out why you should attend & what benefits you can expect to derive

Here are a few extracts from this  Workshop Template that should convince you to be there on Saturday,August 24,2019

It’s been a market meltdown of frightening proportion across the Board, except in a few ,visibly an (un)lucky 13 that constitute high weightage in the Sensex & Nifty that has kept these Indices alive at 38000 & 11000 yet

The ‘Fun’ in  ‘Fun’damental Stock Stories too has vanished with Equity Portfolios showing strong depression in almost all stock selections across sectors & Market Cap segments  

Company Annual Report ~ Can we yet revere it as the Bible or Bhagvad Gita or Quran for Company Performance !?

Never judge a Book by it’s Cover.We’ve seen the Annual Report sabotaged, painted & tainted by sub standard supervision , monitoring & assessment ,intentional or otherwise, by Banks & other Lending Institutions, Statutory & Internal Auditors , Regulators & Credit Rating Agencies. read more

Shareholder Shenanigans ~ Hey Mister Aster whose Healthcare are you after !

Shareholder Shenanigans ~ Hey Mister Aster whose Healthcare are you after !

Invariably the Construction of  the Pre IPO Equity Capital of a Company  reveals the Fairness & Character & Mindset of Promoters & other Equity Stakeholders in it & extent of any obscene premium seduction if any 

What can we infer from a Company  :

  • that issues further shares end December 2011 at Rs 10,000 to an existing Private Equity (PE) Stakeholder Player 1   from 2008 which takes their total Equity Investment in the Company to just over Rs 22 crs & just 20 days later in January 2012 ,this PE Player 1 sells just @ 30.8% of  it’s Equity stake for Rs 110 crs ! to a new incoming PE Equity Player 2 at Rs 1,58,918 per share ~that’s 1500% & 15 times over latest unit share cost of Rs 10000 ! Thus it recovers 4 times it’s aggregate Investment in literally no time  & yet continues to hold a good stake in the Company which it has just sold for Rs 120 to get a huge Rs 554 crs    
  • that issues two liberal back to back Bonus issues of 1000:1  in 2012 & 2: 1 in 2013 from the Share Premium paid by incoming PE Player 2 in 2012 when it invested Rs 504 crs in the Company through Rs 394 crs new issue by the company & Rs 110 crs purchase from PE Player 1 as stated above  
  • where Promoters transfer shares in December 2017 at just Rs 22.14 per share just two months before February 2018 IPO at Rs 190 to PE Player 2 referring to a costing methodology of a Shareholder Purchase Agreement (SPA) of May 2014 when this PE Player 2 had invested further in May 2014 itself directly in a fresh issue by the Company at Rs 102.85 & on same day as per same SPA even picked up shares from Promoters at Rs 189.46.Even CCCP’s issued were converted at Rs 111.65 in November 2017,three months before the Rs 190 IPO.An SPA that spells out a costing method that works out to a much lower throwaway price of just Rs 22.14 per share three & a half years down the road in December 2017 will indeed raise an eyebrow.A lower price would imply growth parameters have not resulted as envisaged.Why  price the IPO at Rs 190 ? Should have been at Rs 22,I daresay !        

If Memory serves me right,the Financial Year 2011-12 was perhaps the last year before Income Tax & Company Act restrictions came into force on the issue of Shares at unjustified & obscene premiums….nevertheless

Such Modus Operandi was quite prevalent in Companies to infuse huge funds into Equity at bizarre premiums not in sync with Valuation which would facilitate insignificant Equity Dilution which otherwise would have impacted Promoter & Other existing  Shareholders Stakes.This invariably was followed up with bizarre Bonus Issues which while maintaining the Equity Stakes of all served largely to considerably lower per share holding cost of Shareholders that had infused such Equity Capital at obscene Premiums….daresay some indulged in this even for laundering or accepting white bribes

Two recent events drew me to  checking out Aster DM Healthcare @ Rs 127

1~ First when observed huge Market Deals being executed end of last month on June 26 & 27, 2019 at Rs 120 with Private Equity Shareholder True North Fund III A  ( earlier called India Value Fund (IVF) ) offloading it’s full 9.15% stake of 4.62 cr shares to a host of Big names that included Fidelity,Tata AIG Insurance A/c Wholelife Midcap Equity,HDFC Small Cap Fund,Ontario Pension & Steinberg

2 ~Was not impressed at this first quick look on performance & prospects & was letting go when a Stock Channel carried an interview of it’s Promoter & ED & Chairperson Mr Azad Moopen on July 12,2019.

Intrigued me to have a re-look as Mr Moopen stated verbatim these two threads  :

  • “we think  that this is a very low price for this stock “ ~ on Share Price of @ Rs 121/122 as on July 12,2019 & on bulk deal price of Rs 120 end June 2019 when PE Player True North Fund III exited ~ is not there some restriction on Company promoters and management making such views public on Share Price ?
  • “extremely useful in the initial phase” ” significant value addition to the company”  ” True North has been a great strength ” ” no way they could hold on beyond 9 to 10 years” ~ on Private Equity Player, True North Fund III A who had initiated a stake in 2008 in Aster & who exited last month in June 2019

I looked at the IPO Prospectus that announced Aster DM Healthcare’s February 2018  IPO eighteen months ago at Rs 190,a pricing that’s 33% higher than today’s Rs 127

While I appreciate Mr Moopen’s honourable healthcare venture in the last three decades what caught my attention,as it usually does,was the not so honourable Construction of the pre IPO Equity Capital

Here are some interesting extracts & derived data  on the constructions of holdings of PE Player 1  True North &  PE Player 2 Olympus Capital Asia Investments in Aster DM Healthcare Limited.The Post IPO Equity Issue stands at Rs 505.23 crs with  50,52,27,345 shares of FV Rs 10 . read more

Q&A Outlook Business~Dont See Elections as a Risk Factor for Indian Equities~See Value Pockets across Sectors

Screenshot_20190424-142037 Screenshot_20190424-141916 Screenshot_20190424-141824 Screenshot_20190424-141733 Screenshot_20190424-141724 Screenshot_20190424-141717 Screenshot_20190424-141704 Screenshot_20190424-141649 Screenshot_20190424-141628 Screenshot_20190424-141620 Screenshot_20190424-141609 Screenshot_20190424-141525

Some of you may be interested in this ~ It’s a brief video Interview that Outlook Business has carried on their website www.outlookbusiness.com  & on YouTube this month April 2019 & which can be viewed below reflecting my views on :

  • Lok Sabha Elections that have commenced~ don’t see them a as a risk factor for Indian Equities
  • Value Pockets across Sectors,PSUs too
  • A convincing real estate play ~ if inclined,do also read the detailed coverage  here 

Wishing all of you a profitable Financial Year 2019-20 after a roller coaster emotional FY 2018-19 for most who lived a disconnect between  Sensex & Nifty seeking record highs  & Small & Mid Caps giving up significant gains in quick time too

Cheers !

Sat Aug 4 2018~Mumbai Funda Equity Workshop~Spotting Gold Mines & Side Stepping Explosive Ones

Fundamental Equity Workshop in Mumbai
Stock Selection ~ Value Vs Price

Indian Equity ~ Goldmine to a Few & Explosive Mine to Many ~ Training Minds to be Minesweepers to differentiate

Saturday, August 4, 2018

Wealth of Mind & Monies must move in tandem.Click above or here to attend my next Mumbai workshop on  Saturday August 4,2018.It’s yet again at my Fort HO,above Starbucks & Croma & a hop step & jump from the BSE

Q’ attend karey? 

‘Q’uality’~how to focus on it~ Discipline of never Deviating~never? what about that potential multi-bagger turnaround or sapling that carries high risks ? Equity is all about Growing Wealth while Protecting it ~ taking & managing risk

The above Registration link also displays the Workshop Template outlining what shall be covered & why you should invest one Saturday with me

We’ve had real Fun at all the Equity Workshops in the last three years with some lovely entertaining interaction with & between participants from all over India & Overseas while playing the Corporate Tambola  or  even playing around with ‘Experts’ Views on our Sensex & Nifty or what Trump will do or not do next ! or whether any North Korea Missile is pointed at our Sensex ! or   explaining & evaluating practical applications of Investment & Financial Concepts through discussion & debate in Company Case Studies with focus on  assessing ‘Value vs Price’…we’ve seen the impact of FPI flows,Interest,Inflation & Exchange Rates,Fx Reserves,Oil Prices & Budget Deficits…we’ve discussed the importance of Corporate Earnings on Valuation & in many cases how it’s the Assets that give Value…we’ve examined the four legs of the Equity table ~ Valuation,Liquidity,Sentiment & Momentum & how to gauge rising risk when Markets run ahead of fundamentals…many of you have been rewarded too at the workshop for great lively answers & interaction

Here’s another Opportunity in August 2018 in Mumbai to Train & sharpen Minds to become more efficient MineSweepers to spot & differentiate between Wealth Creating Gold Mines & Wealth Destroying Explosive ones

We’ve tackled Valuations & Risks of Bombay Dyeing,I B Ventures,HEG ,Yuken,Ruby Mills & HOV among many others in the recent past & discussed the serious Corporate Governance Issues in the Essar Oil Delisting,Kwality,JBF & Vakrangee among others & the huge Risks associated with  wealth destroyed companies GTL Infra,ESL,Suzlon,Subex & Uttam Galva that yet keep offering hopes of a turnaround read more

Endurance & Varroc IPOs ~ An Enduring Success Tale of Twins

Really happy for them ! ~ Anurang & Tarang Jain ~ Twins from our Sydenham College Mumbai Class of 83 & with who I’ve enjoyed long bridge sessions that often stretched into early morning while we were college mates

Related to the Bajaj Family, both were inspired & guided after post graduation to set up Auto Components Plants in Aurangabad to begin with  ~ Tarang set up Varroc Engineering in 1988 while Anurang founded the Endurance Technologies Group with it’s roots being an Aluminium Casting Plant in 1985.Their Footprint has spread globally with Endurance establishing Operations through Subsidiaries in Italy & Germany & three step down subsidiaries in Italy while Varroc has 36 plants in seven countries that include servicing North America too

Yesterday Varroc’s IPO,full offer for Sale of 20221730 Equity Shares of FV Rs 1, opened for subscription in the Rs 965-Rs 967 Band that implies at top end an IPO Size of Rs 1955 crs & a Valuation of  over Rs 13000 crs .It closed FY 18 with a Consolidated Top line of @ Rs 10400 crs

Earlier in October 2016 Anurang had already rung the success bell with Endurance’s IPO,an full offer for sale too at Rs 472 for an Equity Share of FV Rs 10, which was oversubscribed 43.7 times .Today Endurance quotes @ Rs 1250 giving a Market Cap of Rs 17700 crs.It closed FY 18 with a consolidated top line of Rs 6690 crs

Post Varroc’s IPO the Twins Companies should command a combined Market Cap of over Rs 30700 crs or @ US $ 4.5 billion on combined topline of over Rs 17000 crs or US $ 2.5 billion.Post IPO Promoters hold 82.5% of Endurance & 85% of Varroc giving the Jains a combined market wealth of over Rs 25500 crs or @ US $ 3.8 billion.Endurance is also a darling of the FPIs/MFs/DIIs .They collectively hold over 15% of the Equity leaving  under 2.5% as non institutional public float.This scenario should repeat itself also in Varroc with Anchor Investors already lapping up 5% though  it is interesting to see that neither Reliance MF nor HDFC MF are among the eight Anchor MFs…perhaps they’ll apply now or would love to know their reason for not participating  

Impressive Numbers already

Both Companies have a common Chairman,Mr Naresh Chandra

However,any Assessment from a shareholder’s viewpoint is always centered on ‘Value Vs Price’.There are always risks,largely operating,financial & legal,that companies face.

Varroc had negative Cash Flows in FY 18 & operates at lower EBITDA margins than Endurance.It also has @ Rs 1000 crs as Debt on it’s Balance Sheet at March 31,2018 of which Rs 636 crs is Long Term.Till FY 15 it was struggling with the bottomline.It’s also on the RBI watchlist as some of it’s export billings have yet to be realised over two years on …just a thought ~ 10 Million fresh issue of equity shares would have made the company debt free while increasing Equity Capital merely from Rs 13.48 crs to Rs 14.48 crs…would have saved the Company Rs 90 crs in Interest too…though issue size would have gone up to Rs 3000 crs… Tarang did come on TV yesterday to state the Debt/Equity is low at 0.3 & company does not need funds and can manage all expansion through internal accruals.He has a vision of a top line of Rs 20000 crs by 2020 & to move up Global ranking from current 6 in external lighting systems to 3 or 4…currently does Rs 7000 crs in this segment while No 5 globally does twice this read more

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