Am happy not owning HDFC bank. Feel their best is over and the quality of services is no where what it was.

#Investing clues

Read that the running cost of an EV Scooter for 100 KMs is just Rs 10-12 (2 units of power). While that for ICE Scooter/Bike it is Rs 200 (2 litres of Petrol).

Are there any component manufacturers supplying specifically for the EV functionality ?

Friends ⁉️

As this thread on the EV Scooters is showing a lot of interest

Here is an interesting 24 min discussion with the MD of Hero electric, about the cost economics, running costs and competitive nature etc of an EV Scooter

⚡Watch &

3 sectors (kind of recession proof) come to mind as potential multi baggers next 5-7 yrs. Low sector mkt cap/total listed cap & obvious low GVA to total GVA of listed cos -

1. Healthcare (hospitals/diagnostics etc)
2. Liquour/Alchohol
3. Real estate

Even global comps are stark

These have reasonable strong entry barriers also. It's not easy cresting liquor brands, reputed real estate companies and similarly top quality hospitals and diagnostic networks.

I must add another one that has huge upside here in India with entry barriers and brand creation barriers - Media/Entertainment..

In the late 1990s, there were several IPOs (in the USA) that altered how investors viewed stocks.

Not just stocks, it changed what people thought a successful business looked like.

There was an e-commerce company. You might be making guesses as to where this is going.

A successful business was one that was making profits. Simple.

This was the least requirement - up until now.

And then came a slew of tech companies that had a dot-com at the end of their name.

One of these was an e-commerce company.

It had operations in California and was looking to expand its warehouses to all over the US. And therefore, it needed the money from the IPO.

Skeptics worried if the smaller size of the orders would make economic sense for the company to deliver.

Some were sure it would work and that the skepticism was a result of people not understanding how the internet worked.

The company’s IPO launched. And then the stock was listed on Nasdaq.

It climbed.

But the company kept facing troubles.

Godrej Agrovet & Astec Lifesciences FY21 Annual Report Takeaways 🌳

'Improving the productivity of farmers by innovating products and services that sustainably increase crop & livestock yields'

Hit the 'retweet' & help us educate more investors.

A Thread 🧵👇

1/ About the company:

The resilience of the Agriculture sector (3.6% growth vs economic contraction)

Focusing on People, Planet & Profits: Investments continue in Animal Feed & Astec's businesses

One of the challenges that management overcame was robust distribution in COVID.

2/ From the desk of the chairman (Mr. Nadir)

- Strong performance in Animal Feed biz (margins expanded) & Astec Lifesciences
- Being in 5 cyclical businesses, is a hedge as the outperformance of a few compensates for others
- Will continue to invest in R&D & a +ve outlook.

3/ Numbers that matter

Rev down 9%
EBITDA margin of 10%
PAT (ex. one-offs) up 60%
Weak cash flows: led to jump in debt

Diversified: 47% Animal Feed | 17% Crop protection | 16% Dairy | 11% Vegetable Oil | 9% Poultry & Processed Foods
4900+ Employees
15cr R&D Spend
256cr capex

4/ Agricultural sector macro overview

- Vaccination program is the only key to riches here
- FY21 was a windfall for Agriculture: Rainfall which was highest in last 25yrs, higher sowing, higher food grain production
- FY22 has started on a +ve note with better Rabi harvest YoY

#chemicals surpassed #FMCG in valuations.. valuation range is 60x - 100x now. Chemicals will have much higher growth rate than FMCG for next 10 yrs