europe

[Stock notes] – S H Kelkar…largest Indian origin Fragrance and Flavor company

November 3, 2023

Hello Sir, Hope you are doing well. Fragrance and flavor are 2 very important constituents of any product used for personal consumption or for general use. S H Kelkar & Company is the largest Indian origin fragrance and flavor company in India and today we will briefly look at this company. Post GST, demonetization and covid-19, the company went through a slowdown in the business; however, it now seems to be getting back on growth track. The management is targeting double-digit…

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[Stock idea] – Punjab Chemicals & Crop protection…Leading agrochemical player

June 23, 2023

Hello Sir, Hope you are doing well. Agrochemical is an important industry for India, considering we have the largest population to feed to. 2022-23 was bad for the industry with pricing challenges and excess supply from China. A lot of stocks are down 50% from highs. We therefore decided to look at some leading players to identify potential investment opportunities. Below, we have shared notes from the Aug’22 credit rating report of Punjab Chemicals & Crop Protection. Hope you find the…

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[Stock idea] – M M Forgings…One of the largest exporters of forgings from India

April 22, 2023

Hello Sir,Hope you are doing well.Recently, I came across a stock by the name of M M Forgings (MMF). The 10 years numbers of the company looked interesting and therefore I decided to dig deeper.The company manufactures forged components for automobiles (CVs and PVs), and off-highway equipment, catering to both the domestic and international markets.What’s interesting is that promoters sounded very bullish on account of twin factors of China + 1 and high energy prices in Europe and have even guided…

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