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”.

Thematic (Sector/Industry)

India Consumer discretionary / Thematic (Sector/Industry)

<p>Indian domestic tractor companies witnessed strong growth in 1Q FY17 of 14.6% by selling 163316 units. Nearly, all the listed players  posted good results and the optimism has reflected in their valuations.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/011/982/original/comp%20per%20&amp;%20value.PNG?1471588766" class="editor-image img-responsive" data-smartkarma-image-id="11982"></figure><p>However we believe that this market optimism is unwarranted as it comes from a subdued base from Q1 FY 16 when growth collapsed 16% YOY. We believe that near term outlook for tractor demands remain muted unless the industry gets a strong support from the government through significant increase…</p>

Indian domestic tractor companies witnessed strong growth in 1Q FY17 of 14.6% by selling 163316 units. Nearly, all the listed players  posted good results and the optimism has reflected in their valuations.However we believe that this market optimism is unwarranted as it comes from a subdued base from Q1 FY 16 when growth collapsed 16% YOY. We believe that near term outlook for tractor demands remain muted unless the industry gets a strong support from the government through significant increase…

Tree House Education And Accessories (THEAL IN)

Johnson Controls-Hitachi Air Conditioning India (JCHAC IN)

Johnson Controls-Hitachi Air Conditioning India

Samvardhana Motherson International Ltd (MOTHERSO IN)

ZF Commercial Vehicle Control Systems India Limited (WIL IN)

ZF Commercial Vehicle Control Systems India Limited

Cholamandalam Financial Holdings (CHOLAHLD IN)

Recent Optimism in Indian Tractor Stocks Unwarrented Given Bleak Outlook for Minimum Support Prices