Rounaq Bakshi notes

1.  https://youtube.com/shorts/rjuaHdi_-60?si=MJlvYFzzpixf_K3i 2.  https://youtu.be/k_PuFCpK-7o?si=e4n4USLoWgA6GrJg Strategic importance to Government of India With more than six decades of operational track record, SCIL remains strategically important to the Government of India.   SCIL currently has the largest fleet size of 59 vessels; a relatively younger fleet, with an average age of around 11-12 years which helps them in getting better charter rates and achieving  higher operating efficiency. Vessels on behalf of third parties, primarily Public-Sector Units (PSUs)/ Government Departments/Union Territories are also managed for service income. Currently, SCIL are managing 53 third party vessels. Long track record of operations along with diversified business segment SCIL is one of the largest  shipping  companies in India with an operational track record of around six decades. It benefits from the experienced management of qualified professionals an...

 1.  https://youtu.be/z8FTUjhxhz8?si=KOPopKguaR0_CwTI 2.  https://youtube.com/shorts/xGZvWTnRago?si=utLKZ_5cZaDy7BAg 3.  https://youtu.be/BvM4VHiLWS8?si=lR7Gw4cqauLqSQEr I studied deeply Godrej Industries when the stock was struggling in 2021-2022 and got confident with future outlook that company has mentioned many times.  It takes a lot of time and effort to build conviction. This is the nature of equity investing. Own Businesses: Chemicals, Estate Management, Finance & Investments FY2023 Net Profit:  975 Vs  654  (  49% ) Total  Investment at cost  : 5,725 Market Value of investment: 42000 cr Godrej   Consumer Products (GCPL),   Godrej   Properties (GPL),   Godrej   Agrovet Company invested `19 Crore in  Godrej  Properties Limited and `232 Crore on  Godrej  Agrovet Limited by purchasing shares from the secondary market Company has further invested `685 Crore in  Godrej  C...

1.  https://youtu.be/KJ2uO9mCDnA?si=X9ylid-ANaQu4lCb   2.  https://youtube.com/shorts/cXRrZZLr_YY?si=iJMx67oIRYmMXcvL 3.  https://youtu.be/RlANoKhE2pw?si=4ohVq4DgfQtHxm1c I spend most of my time in thinking towards turnaround strategies that if they play out well, what are the odds of them being successful along with risk involved. Cineline  India re-enters film exhibition business with MovieMax brand The company, which had been present in this business since 1997 under the brand name of Cinemax, recently re-branded itself as MovieMax Earlier on April 1,  PVR  had announced the discontinuation of its operations of 23 screens across nine properties after the expiry of their lease with  Cineline  India. Cineline   had leased out nine properties with 23 screens to PVR for running multiplex operations. The group marked its foray into the film exhibition business in 2002 through CIL owning & operating one of the reputed multiplex chains –...

 1.  https://youtu.be/RIQfGd2f60M?si=v03VR1G-M_lhjfX9 2.  https://youtube.com/shorts/jXsFsOblX10?si=TnRHcqZo03yyFmAM 3.  https://youtube.com/shorts/AQHrRbNnGkI?si=IQ5ytIsUQ4NjCfZ8 I love broking business because of the margins it makes. The future of broking business also holds good potential Q1 24   Total Income stood at ₹411.0 Cr for Q1 FY24 (up 39% y-o-y)  Total Comprehensive Income stood at ₹73.9 Cr for Q1 FY24 (up 75% y-o-y)  Assets under management and custody stood at ₹1,47,090 Cr   For the quarter, the average daily market turnover (including F&O) for the broking business was ₹2,30,816 Cr (BSE + NSE), up 82% y-o-y and 18% q-o-q  Insurance premium stood at ₹44.3 Cr for the year ended June 30, 2023, up 30% y-o-y. Mutual Fund AUM was ₹7,945 Cr as at June 30, 2023, up 15% y-o-y and SIP AUM grew by 44% y-o-y to ₹2,101 Cr  Q1FY24 had been a strong quarter for investment banking segment. Investment banking division complet...

Video:  https://youtu.be/r7Zva0y1O1c?si=FICcCSzETLc4RWIX   Theme A Container Freight Station (CFS) is usually located near a port and offers bonded and non-bonded warehousing services that may be required while carrying out Exim trade and completing customs formalities. At a CFS,  cargo  to be exported can be stored and consolidated into containers. Similarly,  cargo  imported can be de-consolidated, stored and further transported to its required destination. A CFS facilitates EXIM trade and makes intermodal transportation more effective Business: The company is well-positioned at key ports of JNPT, Mundra, Chennai and Kolkata that drive more than 80% of India’s container traffic The Company operates an asset light business model and its core business comprises of Container Freight Stations (CFS) and Inland Container Depots (ICD) Operate 7 CFS and ICD facilities in India, of which 4 are fully owned and 3 are through subsidiaries and Joint Ventures The compa...

 1.  https://youtube.com/shorts/tE2z5YNFi4c?si=NIQBJlD5xufZPcBt 2.  https://youtu.be/nXV9kSXPzuM?si=50Gys08WXM6LYp1H JSW   Infra  has sufficient cash flows to fund future expansion:  JSW   Infra  Joint MD & CEO Arun Maheshwari "Thermal energy consumption in India will peak by 2050, despite the push for green energy. This leaves a good two to three decades for coal demand to grow in India The way India is growing and offering opportunities for growth is amazing. I think we are well positioned in this sector in the country. Our internal cash generation is also quite strong. The kinds of projects we are taking on and what we envisage as our future strategy will be sufficiently covered by our internal cash flows and the money that we are raising now. Everybody can create assets, and we would encourage more players to set up shop. If the economy has to go from $4 trillion to $10 trillion, we need more players in this sector. There is enough (for ev...

 1.  https://youtu.be/1b0tHzx0dCk?si=mZCYccxdunwDijHy 2.  https://youtube.com/shorts/P69gIap8Jtc?si=qUM6aCErMq5vcRl8 Paper industry is a structural story and this sector can re rate as well based on the performance of companies You need to catch the themes as early as possible to catch the upside  FY2023 JK   Paper  Ltd., one of lndia's largest  Paper  & Packaging Board Companies, reported its highest ever Consolidated Turnover of Rs, 6,772 crore (up 60%), EBITDA of Rs. 2,184.45 Crore (up 95%) and Profit after Tax (PAT) of Rs. 1,195.79 Crore (up 120 %), for the year ended March'23 (FY 2022-23) The Company enhanced it's social farm forestry initiative across all Plant locations there by improving the green cover in the states of Odisha, Gujarat, Maharashtra, Andhra Pradesh and Telengana This will ensure adequate avaitability of raw materials at affordable costs and make the Company to remain Wood and Carbon positive.    Higher volume ...

 Video:  https://youtu.be/oOzvaiQSaTg?si=yGkL5hwdbo24fTNb "Hold and sit tight sector and company" Industry The  Indian  logistics market is one of the largest in the world, being valued at USD 250 billion in 2021 and is expected to grow to USD 380 billion by 2025, at a CAGR of 10.57%    The largest logistics companies in the US and China are 20-30x and 10x+ the size of  India ’s largest logistics companies, while GDPs are 8x and 5x of  India . Transindia  Real Estate Limited  is engaged in the businesses inter alia of development and leasing of industrial and logistics parks, equipment rental business, commercial space and other land banks.  The Company is very well positioned to be one of the top players in the  Indian  Industrial Real estate industry with 5.5 million square feet of assets developed and managed across  India   With ongoing land acquisition across major Tier 1 and 2 cities in  India , t...

 Video:  https://youtu.be/zbxCc4JSGDs?si=4pEbxlrfW1QGKePW Find unique businesses and check on listed space, if the business has any competition. If not, then the company should command premium valuation due to lack of players on listed space Market: The Domestic Content Opportunity – Market Expansion :  ~INR 66,000 Cr Revenue/annum  Indian book market - 3rd largest in the World  Business model Largest POD (Print-on-demand) player in India with capacity of 40,000 books/day. Integrated EdTech engagements – Full-service model including print, distribution and fulfillment  NEGATIVE WORKING CAPITAL CYCLE:  The New Publishing Model – RBL Enabled An efficient supply chain along with levers for market expansion  Books on Demand… Anytime. Anywhere!  Front & centre for all marketplace players due to just in time on demand model A Content Aggregator –   Repro ’s Catalogue Curated & Widest content repository in India – 0.7 Mn direct titles ...

 1. Video:  https://youtu.be/13Hif3W3Euk?si=71ZorqRfHoezTfxJ This company roughly never made money for Reliance post the acquisition done few years ago. But things have changed and when they change, you need to think with a different mindset JioCinema app becomes a part of Viacom18 portfolio, will help the Company play a leading role in India’s transformation to a streaming-first approach   Viacom18 has now access to Rs. 15,145 cr cash which will be instrumental in creating a compelling content offering for consumers across the country   IPL made a blockbuster debut with a stellar opening weekend, as the number of video viewers for the first weekend on JioCinema surpassed what was recorded by the entire season last year.  This was also higher than the ICC T20 World Cup 2022. The time spent per viewer per match touched 57 minutes, 60% higher compared to last season’s first weekend.  Viacom18 completes the transaction for strategic partnership with ...

1.  Video:  https://youtu.be/N9J-ucVL8v4?si=4SkgW2PPPiIKxpnj 2. Video:  https://youtu.be/36YywNRbUU8?si=qHQblDrn461Gqa1n If you are positive on IPL and OTT platforms growth in future, then you need to carefully look into TV18 as a company Co. is on transformation mode with strong backing of Reliance TV18  to hold 13.54% in Viacom18 now   Viacom18 announces completion of the transaction for strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global Shareholding of Viacom18 will be: Fully diluted basis: RIL group entities – 60.37%;  TV18  – 13.54%; Bodhi Tree – 13.08%; Paramount Global – 13.01%    Viacom18 ready to lead transformation of India’s digital streaming eco-system with the JioCinema app under its fold and cash of Rs. 15,145 crore  JioCinema app has already set new benchmarks of digital viewership with IPL streaming   TV18 : Bigg Boss OTT Bigg Boss OTT has been inarguably the biggest success on the plat...