D-Mart Valuation: The 100 P/E Conundrum

Avenue Supermarts Limited, or D-Mart as it is better recognized, is a curious case. The stock trades on the Indian markets at a staggering P/E of 118. Although absolute P/E levels are nowhere near indicative of undervaluation or overvaluation of a stock, we still have to ask, how much is too much? Today, we will attempt to answer that question.

HDFC AMC IPO Valuation: Speed Demon

'Mutual Funds Sahi Hai' says a famous Indian TV advertisement. While the slogan is used and abused several times over, the sentiment seems to ring true with many Indians. We know for a fact that only 2-3% of India invests in Equities directly or in Mutual Funds. However, the general trend is that the number of people investing in these modern savings schemes have increased drastically. So, it would be an understatement to say that HDFC AMC filed for an IPO at the most opportune of times. With HDFC AMC's IPO opening today (25-07-2018), I wanted to register my thoughts on the company and its Valuation before I could be accused of hindsight bias from the Listing Price.

Equity SIP Returns Simulator: An Indian Context

I was recently asked the question 'If I invest 6k SIP in mutual funds how much can I accumulate in 10 years?' on Quora, a Q&A site. I usually ignore questions like these, because there are a gazillion tools available online that calculate SIP values based on a required rate. Then I realized, there are no tools available, in the Indian context, that calculate SIP values based on historical averages and standard deviations. I'm a big fan of probabilities, reversions to mean and Excel models. So I pushed myself to build one!

Shemaroo Entertainment Valuation: The Netflix of Bollywood?

Gone are the days when Indian families rented out VCDs/DVDs on a quite Sunday afternoon and sat down to watch a movie with samosas and hot chai. Every day, more and more set of eyes are turning towards the internet. That online content making and distribution is an emerging macro trend in India is undeniable. Shemaroo Entertainment is a niche player in such a niche industry. Does the market under-appreciate its merits or does it overshoot its possibilities? Let's explore these questions further.

S&P BSE SENSEX Valuation: All is Fair in Love and Markets

The SENSEX has crossed the 35000 mark and investors are getting a little uneasy. They have voices inside their heads asking "Is the SENSEX running ahead of itself? Should I cash out or should I stay in?" While those are difficult questions to give a definitive answer to, I thought I'd try to come up with a ballpark answer based on market metrics.