Aditya Chheda
@chhedaadi
Buy Side Equity Research Analyst at InCred AMC | Views are personal |
Indian stocks continue to trade at a premium to EM peers while earnings are slowing down. A case for a major rebound is clouded given stretched valuations, slower economic growth and little exposure to sectors driving the current global equity narrative, particularly high growth…
Bank Credit has really changed - now, banks lend less to industry than individuals! And how it's morphed over the years:
Millionaires think in decades, not days. They invest through the noise. They don’t chase. They compound. And they don’t care if anyone notices.
When the intern walks you through the DCF he put together and it shows gross profit larger than revenue
To all the bears of IEX, remember IEX converts 80% of EBITDA into free cash flow, Yes , not PAT Not operating cashflow Free cash flow. Let's say all this coupling kills 25% business ( no one would have a perfect predictive ability to come with exact number n it's all a worst…
The company is investing heavily in digital infrastructure, lab automation, and network scaling, reinforcing its growth trajectory. Double digit growth, 20% ROE, 60% of cashflows as dividends. #SwasthIndia 👌🏻
Regional status of Cement industry - South & East looking solid. Usually these cement players are most attractively valued on Ev/ton. Source : Ultratech Investor presentation.
In bull markets the stock market's job is to make you forget about valuation. In bear markets the stock market's job is to remind you that valuation matters.
Interesting experiment by @ElmWealth: 118 finance students were given tomorrow’s WSJ front page 24 hours before the news broke. You’d expect easy profits. Instead, half lost money and 16% went completely bust. It wasn’t because their predictions were wrong. They called market…
ROE + Growth creates value. Not just growth or just ROE
Family X, The InCred Focused Healthcare PMS completed 2 years yesterday. The fund has delivered a CAGR of 58.36% and a CAGR alpha of 40%. It has been a great honor and a humbling experience to manage this product. I want to thank everyone in InCred AMC for their help and support.…
SIP per month crossed 27K. @amfiindia @MFSahiHai
youtube.com/watch?v=VtnAdE… The TACO (Trump Always Chickens Out) in Indian Pharma sector. #investing
Something strange is happening in India Private Equity firms like KKR, Kedaara, Apollo, etc are pouring billions of dollars in Indian schools! But here's why it is weird, schools in India are required to be non profits by law! So why are PE funds investing in them? 1/7
Charlie Munger: “Warren talks about these discounted cash flows, I’ve never seen him do one…” Warren Buffett: “It is true. If you have to do it with pencil and paper, it’s too close…it ought to just scream at you that you’ve got this huge margin of safety.”
Its almost 2 years now! Hope the returns are not bad!!!
Is there a bubble in small caps? That's the wrong question. Yes, there is a bubble forming, but it is in small cap FUNDS. Say, what now? First, the signals. Tata Small Cap stopped lumpsums last week, then Nippon Small Cap followed suit yesterday. Why? Cause they (the whole MF…