Slow Compounding

Quotes from Early Book Reading Persistence is the character of man what carbon is to steel. (Think and growth rich) A quitter never wins and a winner never quits (Think and growth rich) "They must know something that you don't " -7 most dangerous words in investing , Prof. Aswath Damodaran "Diversification is the protection against ignorance"- Warren Buffet in a Q/A "Today's investor is so concerned with anticipating future that he is already paying handsomely for it in advance"- Ben Graham “Don’t need to swing at every ball” -Charlie Munger Share your favourite quote to enrich others.

Previously, a simplified story of PI Industries was published on this group. Here comes the numbers! Not difficult to spot the winner in this list....

Time! If you want to do better as investor, the single most powerful thing that you can do Is... increase your time horizon. Time is the most powerful thing in investing. It helps Little things to grow big, and big mistake fad way. It can't neulltralize luck n risk but it pushes results closer towards what people deserve! - Psychology of money Morgan Housel I keep reading this quote when I feel like checking market quotation.

End of Consolidation and Pull of multiple levers Market is a discounting machine. When positive developments are about to happen, it quickly absorbs them and bake it in price. One of the following levers, combination of them are needed to pull a stock out of the zone of dust and show it the sunlight. 1. Debt reduction 2. Change in product mix and shifting towards value added category 3. Less competition in market 4. Market consolidation 5. Change of preference of customer 6. Change in working capital which leads to improvement in ROCE 7. Capex completion Looks like...all of these levers are playing out for Sudarshan chemical now. I will not be surprised if this stock moves in Stage 2: advancing phase. Disclosure: This example was discussed to narrate a case study for taking benefit in cyclical business. I have been tracking Sudarshan chemical for around three years. Not a recommendation please.

Sudarshan Chemical Revenue grew by 10% Expenses grew by 14% Profit down by 27% (YoY) Quarter to Quarter Revenue grew by 31% Expenses grew by 23% Profit 27 Cr. vs 1 Cr. Loss Turn around story! Stock in consolidation, going through Stage 1. Disclosure: Tracking position

120 Days of Inactivity As communicated earlier, there is no transaction since the video on portfolio update was released. Thus, we have not published any video. Please let me know if you wish to watch a portfolio update and my commentary on the portfolio companies. I am quite happy about the inactivity. And wish to continue to a while. Few members are complaining about transparency of the portfolio. As said earlier, the portfolio can be accessed anytime anywhere online. Here is the link 🔗 https://shorturl.at/ckoRX

Divis Lab Quarterly Results Analysis The video will go live at 7:30 PM today. https://youtu.be/jrFoHYoLkQU

Abbott India Revenue up by 5% Expenses up by 10% Profit up by 6% (Quarterly results on Yearly basis) Yearly basis (2023 vs 2022) Revenue up by 10% Expenses up by 7% Profit up by 18% Cash flow Operating cash flow reduced by 5% Free cash flow reduced by 4%

The Meme stock Revenue up by 16% Profit jumped up by 21% Thanks to Rajeev Thakkar for taking huge position in ITC last year. Parag Parikh flexi cap fund has kept ITC as second highest allocation. Interesting observation: Quant Mutual fund house has kept ITC in top five position in most of their funds for several months now.

Sumitomo chemical Revenue down by 1.9% Profit down by 3.5% (YOY) "Only when the tide goes out do you learn who has been swimming naked." - Warren Buffett

PI Industries Revenue up by 14% Expenses up by 12% Profit up by 33% (YoY) Quarter to Quarter Revenue down by 3% Expenses up by 2% Profit down by 17% RM cost 53% this W, which was 45% last Q and 51% last year same Q 🎖Operating Cash flow improved by 184% 🎖Free cash flow improved by 513% Last two points won't appear in News 📰

Gland Pharma Revenue down by 29% Expenses down by 16% Profit down by 72% 😱 Now more closely tracking!