Issue #016 reviews the performance of featured stocks post their Q2FY25 results. This includes -- SAMHI Hotels, BLS International, Zaggle, Sky Gold, Raymond, Ceigall & Garware Hi-Tech Films
Yes, will do -- both. All updates will be exclusive for the community including stocks covered in the newsletter, new investment ideas, important info., updation to strategies discussed in my videos etc.
Very detailed analysis Shankar ji, what stands out is the fact you have compared the performance vs Nifty small cap index. Your knowledge, efforts and transperancy is deeply appreciated.
Hi Shankar, Loved your analysis. As mentioned, I will look forward to more stock analysis in near future. Keep us updated on community platform switching and subscription charges.
In your view, how do you see revenue growth from BLS in next 2-3 years?
I can clearly see lot of effort you are putting to come up with easy to understand content and graphically superior articles. It takes lot of behind the scene work, investment in digital creation and immense research to deliver to desired outcome. I hope you receive fantastic response to your new platform.
Excellent analysis, Shankar ji! As an avid follower of your Substack, I'm eager to learn more about what the paid community platform will entail and look forward to you sharing additional details soon. Additionally, are there any plans in the works to obtain SEBI registration and launch a formal research or recommendation service in the near future?
Thank you! We're currently in a planning phase and will have updates on community, SEBI registration etc. soon. Sincerely appreciate your encouragement! 🙌
In today’s financial world, it is difficult to find someone who is just to-the-point with no fuss, no TRP-filled posts. And when we add self-analysis to that, it’s just astonishing! Thank you for your commendable effort!
Looking forward to the upcoming community.
(Gentle Suggestion- Keep it simple, relatively priced so that a lot of common people can join & spread the word).
With regards to pricing: Irrespective of what is charged, 90% of the people will find it expensive. It's just human behaviour and you'll see that in the unpleasant comments I'll receive when I first reveal the price
Very few (maybe 10%) will recognize the increment value per rupee offered and take advantage of it. I too will prefer to work with those 10% and the price charged will be aligned to that objective
I started investing in your portfolio since start of 2025 and till now 2.5 lakhs and would like to go the whole hog upto 25 lakhs. The objective is to create a multibagger portfolio staying invested for 3-7 years (or until the earnings growth tapers off or is below expectations). I’d like to be a paid subscriber in order to track the portfolio companies performances. I’m not perturbed by the short term downturn of our portfolio (today it’s got a bit worse than small cap 250 index). Pl send me any details of how to subscribe to your paid channel. Thanks
Hello Gopal ji. Yes, I'm doing something similar. My newsletter portfolio is at over 25 lakhs now (3-3.5 lakhs across 8, 9 stocks) and I'll continue to monitor, update, add & improve every quarter with a 10 year timeframe. There will be ups & downs but I'm hopeful of being 5% over benchmark (Nifty Smallcap 250 TRI) on an LTD basis.
I'm awaiting my SEBI RA license. I suspect it'll go through in February post which the paid community will commence. I'll keep you & everyone posted on this
Your analysis and detailed explanation on these companies and your projection on those companies future earnings educate me slowly to analyse a stock. I used to come back and read your analysis to understand and make the conviction more. I was tracking zaggle since Ashis kocholia entered but I was scared of high p/e. Your analysis made me to understand its future growth. Then I was seeing sky gold since it was moved from sme board to main. But again I was scared of high p/e. And your newsletter helps me to overcome it. Then BLS international..Your analysis are excellent. And it help us to get into safe and growth investment. Thank you so much for educating us. We are blessed to get your knowledge.
Hello Udhay ji - thank you for your note. I'm glad you like my work & it's helping you make better sense of the situation
Look at it this way. If a business is available to you at 100 PE but it can double it's EPS for the next 5 years .. then 2^5 = 32 .. which means, in FY30 -- this business will be available to you at a multiple of 3 based on today's PE
Ofcourse 100% growth for 5 years running is difficult to assess (and achieve) but if one comes across such an opportunity then it's surely an Alice in Wonderland situation. My point is -- investing need not be difficult
Shankar I love your videos and newsletters. Thank you for all the great work. One advice, the narratives feel a little self serving as in you/your team have determined that it’s a good thesis and hence all data points are added to support that story. My advice: have a detailed risks section and things to watch out for. Thank again Shankar. Love the work
Thank you very much. While I can understand your concern, the format of a newsletter is different than a comprehensive report. Newsletters are crisply written notes around a key message -- that's what our work aims to cover & that's what makes it readable. The moment I make it templatized, the readability goes for a toss. The losses are much more than the gains made.
This is what we call Transparency & Having ethical values in work. Most of the influencers in X just keep on writing about 100 of stocks, Then they never cover their portfolio performance.
Be Aware of those Peoples.
I highly recommend you to follow people like Shankar who standout straight among the herds.
Hi Shankar, as usual, great analysis. I have been following your work and YouTube channel for a long time. One thing I missed is that you have mentioned the original thesis or investment thesis. Could you share the resources for investment thesis where we can learn and make for ourselves?
Thank you! The original thesis link is available under each of the section heading. Pls look out for the word "Research" and tap on Research. This will take you to original thesis.
I'm not sure if that was what you were looking for. If not, please let me know.
i think i have asked wrong , investment thesis like GARP strategy you mentioned in Youtube video, before making an investment decision on which whole research is based out.
I have seen all the analysis video of above stocks, but the best part of this is to revisit them, so lambi race ka ghoda check.. and thanks for sharing with us
I really appreciate your honest assessment of your Q2 newsletter performance. It's refreshing to see such transparency.
I've been enjoying your videos as well, especially the ones on Momentum Investing and different investing styles. Your newsletters offer a great way to consume your content at my own pace, and I find your unique perspective on supporting your analysis along with data with both good and bad side of the story particularly insightful.
Your views often align with my own thinking, which makes your content even more enjoyable. Thanks for sharing your knowledge and insights."
Hello Sridhar ji, thank you very much for your kind appreciation -- here and your constant encouragement for my YT videos aswell. I'm happy you're seeing a lot of value in what I do. Not everything will be golden but I'm certain you'll find small but useful pieces of information that'll help you in piecing your own investing strategy & blueprint. For many of us, wealth building is not one big salvo but it's the aggregation of marginal gains. Wishing you the best!
Awesome review Shankar ji, however i have one query regarding Garware hitech. I believe as per management the business of SCF has low demand during H2 due to seasonality. So wouldnt it hinder its Revenue growth estimates?
Your efforts are deeply appreciated btw i myself am invested in some of the companies in your newsletter after doing my own research as well.
Your question on SCF is very valid, it's something I too had grappled with when working on the original thesis. The fact that H2FY24 was a lot higher than H1FY24 was confusing to me but then the management explained that it was on account of inventory -- which won't be the case this year
Yes. Low earnings might reduce the price performance momentum during q3 and q4 and i am expecting it come back with a bang from q1fy26 earnings. So its a wait and watch kind of scenario with favourable odds.
Looking forward to be a part of your paid community. I am part of two popular Research Advisory communities and the research they gave me didnt give any conviction. I picked 1 out of their 15 recommendations. How ever i picked 3 out of your 6. I read 3 and picked 3. I need to read BLS and ceigall and raymond.
Shankar Ji, It's great to see the performance of Zaggle, Garware, and Sky Gold in the current market situation. I appreciate your choice at the right time. I am a relative newcomer to your subscriber list.
Hey Shankar, please start a paid community and please also update the trending value sheet on a quarterly basis.
Yes, will do -- both. All updates will be exclusive for the community including stocks covered in the newsletter, new investment ideas, important info., updation to strategies discussed in my videos etc.
@Shankar ji waiting for the same. thanks for your wonderful insights in your newsletters
Eagerly waiting :)
Very detailed analysis Shankar ji, what stands out is the fact you have compared the performance vs Nifty small cap index. Your knowledge, efforts and transperancy is deeply appreciated.
Thank you so much, Milind ji 🙌
Hi Shankar, Loved your analysis. As mentioned, I will look forward to more stock analysis in near future. Keep us updated on community platform switching and subscription charges.
In your view, how do you see revenue growth from BLS in next 2-3 years?
Thank you Prashant ji.
1. Supplementary products are still 2-3 months away, will update once the foundation has been laid
2. For now, my research on BLS is near term. I'll give it 1-2 more quarters before building a longer-term view
Great, thanks for revert.
One thing I would like to mention.
I can clearly see lot of effort you are putting to come up with easy to understand content and graphically superior articles. It takes lot of behind the scene work, investment in digital creation and immense research to deliver to desired outcome. I hope you receive fantastic response to your new platform.
Sincerely appreciate the kind words & encouragement 🙌
Excellent analysis, Shankar ji! As an avid follower of your Substack, I'm eager to learn more about what the paid community platform will entail and look forward to you sharing additional details soon. Additionally, are there any plans in the works to obtain SEBI registration and launch a formal research or recommendation service in the near future?
Thank you! We're currently in a planning phase and will have updates on community, SEBI registration etc. soon. Sincerely appreciate your encouragement! 🙌
In today’s financial world, it is difficult to find someone who is just to-the-point with no fuss, no TRP-filled posts. And when we add self-analysis to that, it’s just astonishing! Thank you for your commendable effort!
Looking forward to the upcoming community.
(Gentle Suggestion- Keep it simple, relatively priced so that a lot of common people can join & spread the word).
Thank you for your kind words 🙌
With regards to pricing: Irrespective of what is charged, 90% of the people will find it expensive. It's just human behaviour and you'll see that in the unpleasant comments I'll receive when I first reveal the price
Very few (maybe 10%) will recognize the increment value per rupee offered and take advantage of it. I too will prefer to work with those 10% and the price charged will be aligned to that objective
Yes sir you are indeed right.
People do tend to see these type of subscriptions as expenses whereas they actually should consider them as investment for investment.
I’ll sure hope to be a part of your group 🤞
Hi Shankar
I started investing in your portfolio since start of 2025 and till now 2.5 lakhs and would like to go the whole hog upto 25 lakhs. The objective is to create a multibagger portfolio staying invested for 3-7 years (or until the earnings growth tapers off or is below expectations). I’d like to be a paid subscriber in order to track the portfolio companies performances. I’m not perturbed by the short term downturn of our portfolio (today it’s got a bit worse than small cap 250 index). Pl send me any details of how to subscribe to your paid channel. Thanks
Hello Gopal ji. Yes, I'm doing something similar. My newsletter portfolio is at over 25 lakhs now (3-3.5 lakhs across 8, 9 stocks) and I'll continue to monitor, update, add & improve every quarter with a 10 year timeframe. There will be ups & downs but I'm hopeful of being 5% over benchmark (Nifty Smallcap 250 TRI) on an LTD basis.
I'm awaiting my SEBI RA license. I suspect it'll go through in February post which the paid community will commence. I'll keep you & everyone posted on this
Hi Shankar,
Your analysis and detailed explanation on these companies and your projection on those companies future earnings educate me slowly to analyse a stock. I used to come back and read your analysis to understand and make the conviction more. I was tracking zaggle since Ashis kocholia entered but I was scared of high p/e. Your analysis made me to understand its future growth. Then I was seeing sky gold since it was moved from sme board to main. But again I was scared of high p/e. And your newsletter helps me to overcome it. Then BLS international..Your analysis are excellent. And it help us to get into safe and growth investment. Thank you so much for educating us. We are blessed to get your knowledge.
Hello Udhay ji - thank you for your note. I'm glad you like my work & it's helping you make better sense of the situation
Look at it this way. If a business is available to you at 100 PE but it can double it's EPS for the next 5 years .. then 2^5 = 32 .. which means, in FY30 -- this business will be available to you at a multiple of 3 based on today's PE
Ofcourse 100% growth for 5 years running is difficult to assess (and achieve) but if one comes across such an opportunity then it's surely an Alice in Wonderland situation. My point is -- investing need not be difficult
Hi Shankar, thank you for the continuous Good work.Love your news letters.
Most welcome. I'm glad you like my work 🙌
Shankar I love your videos and newsletters. Thank you for all the great work. One advice, the narratives feel a little self serving as in you/your team have determined that it’s a good thesis and hence all data points are added to support that story. My advice: have a detailed risks section and things to watch out for. Thank again Shankar. Love the work
Thank you very much. While I can understand your concern, the format of a newsletter is different than a comprehensive report. Newsletters are crisply written notes around a key message -- that's what our work aims to cover & that's what makes it readable. The moment I make it templatized, the readability goes for a toss. The losses are much more than the gains made.
Thank-you very much for your efforts.
Most welcome Ajinkya ji
This is what we call Transparency & Having ethical values in work. Most of the influencers in X just keep on writing about 100 of stocks, Then they never cover their portfolio performance.
Be Aware of those Peoples.
I highly recommend you to follow people like Shankar who standout straight among the herds.
Good work shankar, Highly appreciated ❤️🩹
Thank you very much for the vote of confidence 🙌
Hi Shankar, as usual, great analysis. I have been following your work and YouTube channel for a long time. One thing I missed is that you have mentioned the original thesis or investment thesis. Could you share the resources for investment thesis where we can learn and make for ourselves?
Thank you! The original thesis link is available under each of the section heading. Pls look out for the word "Research" and tap on Research. This will take you to original thesis.
I'm not sure if that was what you were looking for. If not, please let me know.
i think i have asked wrong , investment thesis like GARP strategy you mentioned in Youtube video, before making an investment decision on which whole research is based out.
I have seen all the analysis video of above stocks, but the best part of this is to revisit them, so lambi race ka ghoda check.. and thanks for sharing with us
Thank you!
Hello Shankar,
I really appreciate your honest assessment of your Q2 newsletter performance. It's refreshing to see such transparency.
I've been enjoying your videos as well, especially the ones on Momentum Investing and different investing styles. Your newsletters offer a great way to consume your content at my own pace, and I find your unique perspective on supporting your analysis along with data with both good and bad side of the story particularly insightful.
Your views often align with my own thinking, which makes your content even more enjoyable. Thanks for sharing your knowledge and insights."
Hello Sridhar ji, thank you very much for your kind appreciation -- here and your constant encouragement for my YT videos aswell. I'm happy you're seeing a lot of value in what I do. Not everything will be golden but I'm certain you'll find small but useful pieces of information that'll help you in piecing your own investing strategy & blueprint. For many of us, wealth building is not one big salvo but it's the aggregation of marginal gains. Wishing you the best!
Awesome review Shankar ji, however i have one query regarding Garware hitech. I believe as per management the business of SCF has low demand during H2 due to seasonality. So wouldnt it hinder its Revenue growth estimates?
Your efforts are deeply appreciated btw i myself am invested in some of the companies in your newsletter after doing my own research as well.
Thank you! I'm glad you like my work 🙌
Your question on SCF is very valid, it's something I too had grappled with when working on the original thesis. The fact that H2FY24 was a lot higher than H1FY24 was confusing to me but then the management explained that it was on account of inventory -- which won't be the case this year
Page 8 of this PDF -- https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e14f133-697d-47e9-aa3e-00b02f356492.pdf -- is relevant. From here I gather:
a) Due to the seasonal effect, Q3 sales is likely to be a bit lower than Q2 due to lack in demand for SCF
b) In Q3 however, PPF sales won't be affected by the seasonality
c) Q4 will be strong as SCF demand comes back in preparation for Q1
It's fair to assume Q3 will be a bit low in sales and margin -- and hopefully, Q4 will make up for it.
Yes. Low earnings might reduce the price performance momentum during q3 and q4 and i am expecting it come back with a bang from q1fy26 earnings. So its a wait and watch kind of scenario with favourable odds.
Looking forward to be a part of your paid community. I am part of two popular Research Advisory communities and the research they gave me didnt give any conviction. I picked 1 out of their 15 recommendations. How ever i picked 3 out of your 6. I read 3 and picked 3. I need to read BLS and ceigall and raymond.
Shankar Ji, It's great to see the performance of Zaggle, Garware, and Sky Gold in the current market situation. I appreciate your choice at the right time. I am a relative newcomer to your subscriber list.
Welcome aboard, Mr. Sanyal. Thank you for your kind wishes!