Monday, 25 March 2019

VIP Industries Valuation: Old Dog, New Tricks

VIP Industries is the market leader of the luggage industry in India. VIP, Aristocrat, Skybags, Carlton, Caprese -- these are some of the most recognizable brands for consumers in this segment. Faced with stiff competition from the likes of Safari and Samsonite, dealing with the resignation of Mrs. Radhika Piramal from the active management activities and grappling with rising labor costs, VIP Industries is indeed between a rock and a hard place. However, the rise in the Indian middle class and the growth in airline travel among Indian youth pose a long term tailwind for the company. What Value do these little components offer for the shareholders? Let's find out.

Monday, 4 March 2019

Indian Energy Exchange Valuation: Odds, Bets and Handicapping

Indian Energy Exchange (IEX) is the premier Energy trading platform of India. The government's goals, tuned towards better infrastructure and better industrial output, puts IEX in a sweet spot. But is the market paying up for the growth ahead or is it overpaying for opportunities that aren't even there?

Monday, 25 February 2019

The Intrinsic Value Puzzle: Components and Case Studies

What is the 'Intrinsic Value' of a Stock? What are its components? How do they affect the way the company's Stock is likely to behave? We will attempt to answer these seemingly daunting questions in simple terms and with relevant, real world examples.

Monday, 4 February 2019

CDSL Valuation: How Much Cash is Too Much Cash?

Central Depository Services Limited. If you've been investing in Equities or Debt in India, there's an almost 50% chance that you've heard about this company. In fact, if you're an investor in India, there's also an almost 50% chance that you're currently using the services of this company. Otherwise known as CDSL, it is the only other Depository for financial instruments in India (Apart from 'National Securities Depository Limited' or 'NSDL').

Monday, 21 January 2019

India Inc., in Numbers (2019): Data Update and Economic Value Added (EVA)

Starting from 2019, I will be making the 'India Inc., in Numbers' series of posts once a year. I will be showcasing how the different companies / industries in India have fared in terms of several financial ratios and others numbers.