Tag: #FinancialModeling

  • My notes on Tinna Rubber, a company that recycles tyres

    When you come across a growth story with powerful powerful (yes used the word twice!) tailwinds, you may be inclined to overpay for growth. But then you hit on too many red flags relating to quality of reported financials — then you pause, you think shall I leave it and go find another company or…

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  • My notes on Macpower, a company that makes CNC Machines

    Image Credit: https://www.thecrucible.org/guides/machining/lathes/ I came across CNC machines through a post in LinkedIn. Up until that time, I had never heard of CNC. CNC stands for Computer Numerical Control. CNC machines are software driven machine tools used in manufacturing plants for metal cutting. My wife, who has an automotive engineering background, explained to me the…

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  • Oriental Carbon and Chemicals – Indian company operating in an Oligopoly

    Image credits: tirehub.com OCCL makes Insoluble Sulphur, which is used as a vulcanizer in the manufacturing of tires. There are 4 companies – Eastman / Flexsys (US), Shikoku (Japan), Chinese Sunsine and OCCL – that make a major chunk of the IS in the world. High capital intensity and long IS approval cycles by tire…

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  • Vardhman Textiles – playing the commodity game

    image credits: moneylife.in In my quest to find honest, well run and moated undervalued securities, I chanced upon the Cotton Textiles sector. I quickly realized that most of the companies (more specifically companies that spin cotton yarn and make fabrics) in this sector are trading at high single digit / low double digit PE due…

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  • HDFC AMC – Equity Research Reports

    Please use the below gdrive link to access the pdf report document: 2022 Q3: https://drive.google.com/file/d/1kQdvxuFlmzaI9Vx0ZT3dnadndoS95Hjw/view?usp=sharing Here is the video link to the 2022 Q3 report: In the video, I give a quick walk through of my report on the company. I primarily focus on the industry and my investment thesis. You would find more details…

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