Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

<ul>
<li>This insight details about the weekly changes in the holding company discount in India.</li>
<li>We track the reasons for change in the holdco discount if any and upcoming triggers for these companies.</li>
<li>While this note captures 4 holding companies, we intend to add more names in coming weeks.</li>
</ul>


This insight details about the weekly changes in the holding company discount in India.
We track the reasons for change in the holdco discount if any and upcoming triggers for these companies.
While this note captures 4 holding companies, we intend to add more names in coming weeks.


HoldCo Weekly (31 Jul): Where's the Discount?

<ul>
<li>In this insight, we discuss about the holdco structure of  <a href="https://www.smartkarma.com/entities/bengal-assam-co-ltd" target="_blank" data-smartkarma-citation="entities:7325:1" rel="noopener">Bengal &amp; Assam (BENG IN)</a>.</li>
<li>Anatomy of a HoldCo Multibagger : Further, we discuss about what led multi-bagger returns in this company.</li>
<li>Finally, we highlight the long term holdco discount chart and conclude with our view.</li>
</ul>


In this insight, we discuss about the holdco structure of  Bengal &amp; Assam (BENG IN).
Anatomy of a HoldCo Multibagger : Further, we discuss about what led multi-bagger returns in this company.
Finally, we highlight the long term holdco discount chart and conclude with our view.


HoldCo Series: Bengal & Assam Company Ltd – The Anatomy of a HoldCo Multibagger

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Thematic (Sector/Industry)

<p>Ever since Michelin first commercialized radial technology in the 1940s, it has been adopted as the standard design for all automobile tyres in most Western countries. This technology is not only the most important innovation in the tyre industry but also an index of the road infrastructure in a country.</p><p>While radialisation was first introduced in India in 1977 by <a href="https://www.smartkarma.com/entities/8501" target="_blank" data-smartkarma-citation="entities:8501:1">Jk Tyre &amp; Industries Ltd (JKI IN)</a>, the trend caught on only in the passenger car segment. Even as the penetration of passenger radials…</p>

Ever since Michelin first commercialized radial technology in the 1940s, it has been adopted as the standard design for all automobile tyres in most Western countries. This technology is not only the most important innovation in the tyre industry but also an index of the road infrastructure in a country.While radialisation was first introduced in India in 1977 by Jk Tyre &amp; Industries Ltd (JKI IN), the trend caught on only in the passenger car segment. Even as the penetration of passenger radials…

Truck Radialisation in India Gets a Boost From New Regulations & Improving Road Infra

Asia-Focused Industry Research, Speeda Research

Speeda

Asia-Focused Industry Research

Speeda Research

Speeda Research analysts cover China, Japan, India and SEA on the latest trends and topics. We have analysts of diverse nationalities who are able to access information in their respective local languages to provide customers with comprehensive reports. With access to private company data in these regions, Speeda Research is also able to provide insights into niche sectors which are not usually covered by other parties. We are also able to undertake ad hoc company and industry research reports.

<p><strong>CV Tyre Segment Holds Out Even as Passenger Segment Seen Growing at Faster Pace</strong></p><p>As of FY2017, the size of India’s tyre industry was estimated to be INR 550bn and accounted for nearly 5% of global tyre demand. The industry is pegged to grow at a CAGR of 3% to INR 600bn by FY2020. There are currently 39 companies operating 60 plants across the country, churning out 14mn tyres per month. The industry is heavily concentrated, with the top 10 players holding nearly 90% of the market. Speeda Research…</p>

CV Tyre Segment Holds Out Even as Passenger Segment Seen Growing at Faster PaceAs of FY2017, the size of India’s tyre industry was estimated to be INR 550bn and accounted for nearly 5% of global tyre demand. The industry is pegged to grow at a CAGR of 3% to INR 600bn by FY2020. There are currently 39 companies operating 60 plants across the country, churning out 14mn tyres per month. The industry is heavily concentrated, with the top 10 players holding nearly 90% of the market. Speeda Research…

India: Even as Market Share Falls, Commercial Vehicle Tyres Continue to Dominate Industry Revenue

India focused Portfolio Advisory - Exp of 40+years, Das Capital Management and Advisors

Arun Thirumalai

India focused Portfolio Advisory - Exp of 40+years

Das Capital Management and Advisors

Das Capital is a research boutique with an aim to continuously map and plan the investment needs of investors focused on India. We have a six member research team with a combined experience of over 40 years as a part of our investment wing. Our team assisted in the setup of Premji Investments, which was one of India’s first family offices focused to managing Mr.Azim Premji personal wealth. We also serve as a research team to two Indian private equity energy funds “Small is Beautiful” and “KSK Emerging India Energy Fund”.

<div class="content-highlight"><h2><strong>Market Overview</strong></h2></div><p>The S&amp;P BSE Sensex and CNX NIFTY rose 2.1% and 3.4% respectively from 14 Feb-14March 2017.</p><ul>
<li>The market witnessed a steady rise post budget as fears of an extension of holding period for long-term capital gains in Budget 2017 proved unfounded. The Government kept the fiscal deficit target of FY18 at 3.2%, a positive signal for markets.</li>
<li>The rally was further accentuated post a massive win for the Bharatiya Janata Party in the states of Uttar Pradesh and Uttarakhand. Winning a major…</li>
</ul>

Market OverviewThe S&amp;P BSE Sensex and CNX NIFTY rose 2.1% and 3.4% respectively from 14 Feb-14March 2017.
The market witnessed a steady rise post budget as fears of an extension of holding period for long-term capital gains in Budget 2017 proved unfounded. The Government kept the fiscal deficit target of FY18 at 3.2%, a positive signal for markets.
The rally was further accentuated post a massive win for the Bharatiya Janata Party in the states of Uttar Pradesh and Uttarakhand. Winning a major…


Market Outlook- Massive Victory for BJP in State Elections to Accentuate Reforms

India

JK Tyre & Industries Limited is an Indian multinational tire manufacturer and a leading provider of comprehensive mobility solutions. The company develops, manufactures, markets, and distributes automotive tires, tubes, flaps, and ancillary services for passenger vehicles, commercial vehicles, farming, off-the-road (OTR), and two and three-wheelers. Headquartered in New Delhi, India, the company was founded in 1951.

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JK Tyre & Industries (JKI IN)

HoldCo Weekly (31 Jul): Where's the Discount?

Insight on weekly changes in holding company discounts in India, tracking reasons for change and upcoming triggers for companies with plans to add...

Sreemant Dudhoria

HoldCo Series: Bengal & Assam Company Ltd – The Anatomy of a HoldCo Multibagger

Exploring the holdco structure of Bengal & Assam (BENG IN) and analyzing the factors behind its multi-bagger returns, along with a discussion on...

Sreemant Dudhoria

Truck Radialisation in India Gets a Boost From New Regulations & Improving Road Infra

Ever since Michelin first commercialized radial technology in the 1940s, it has been adopted as the standard design for all automobile tyres in...

Chacko Jacob

Market Outlook- Massive Victory for BJP in State Elections to Accentuate Reforms

Market OverviewThe S&P BSE Sensex and CNX NIFTY rose 2.1% and 3.4% respectively from 14 Feb-14March 2017. The market witnessed a steady rise...

Das Capital Management and Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

HoldCo Weekly (31 Jul): Where's the Discount?

​Insight on weekly changes in holding company discounts in India, tracking reasons for change and upcoming triggers for companies with plans to add...

Sreemant Dudhoria

HoldCo Series: Bengal & Assam Company Ltd – The Anatomy of a HoldCo Multibagger

​Exploring the holdco structure of Bengal & Assam (BENG IN) and analyzing the factors behind its multi-bagger returns, along with a discussion on...

Sreemant Dudhoria

Truck Radialisation in India Gets a Boost From New Regulations & Improving Road Infra

Ever since Michelin first commercialized radial technology in the 1940s, it has been adopted as the standard design for all automobile tyres in...

Chacko Jacob

India: Even as Market Share Falls, Commercial Vehicle Tyres Continue to Dominate Industry Revenue

CV Tyre Segment Holds Out Even as Passenger Segment Seen Growing at Faster PaceAs of FY2017, the size of India’s tyre industry was estimated to be...

Speeda Research

Market Outlook- Massive Victory for BJP in State Elections to Accentuate Reforms

Market OverviewThe S&P BSE Sensex and CNX NIFTY rose 2.1% and 3.4% respectively from 14 Feb-14March 2017. The market witnessed a steady rise...

Das Capital Management and Advisors

Insight on weekly changes in holding company discounts in India, tracking reasons for change and upcoming triggers for companies with plans to add...

Exploring the holdco structure of Bengal & Assam (BENG IN) and analyzing the factors behind its multi-bagger returns, along with a discussion on...