ISGEC Stock Story

ISGEC has been one of the very good winners in 2014 in my portfolio. Due to multiple requests to expand on this story, I have prepared a quick presentation to detail the story.

Contrary to public opinion on twitter and whatsapp, identifying and working on this business was a complete collaborative effort. Om and Dhruvesh – two very good friends of mine worked on this story along with me and were critical in various thought processes, scenario analysis and tons of brainstorming. Due to these two people and two people alone was the reason why I had the confidence to take a bigger position than usual on a Capital Goods story. We traveled to Yamunanagar from Mumbai, Hyderabad and Bangalore for the AGM in August 1st week. It was a fantastic learning experience along with being a super fun trip.

Hope the story becomes more clear with this presentation. Let me know if you have any questions on the business (and not the current price and prospective future price, as I don’t have ANY clue where the price will go in the near or distant future).

Link to the presentation below:

Isgec_Stock Story

Disclosure: This is NOT a Buy/Sell/Hold recommendation discussion. This blog is only for educational purposes. Om, Dhruvesh or me are neither research analysts nor do we have any fancy sounding certifications. All three of us are still invested in the story. Please contact your financial adviser before taking any decisions.

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  1. #1 by prasad on January 16, 2015 - 10:07 PM

    Hi Kiran,
    It has been good learning experience reading your blogs. I am relatively new to investing but hope to learn as much as i can from reading your blogs. You say ISGEC is in your porfolio, will you be willing to disclose the stock you have in your portfolio or how do you shortlist stocks you have to analyse further

  2. #2 by a18ps on January 17, 2015 - 9:34 AM

    Hi Kiran:

    Good to see a non-consumer story finally!! This company is currently outside my circle of competence; however, I gained some idea on what to look for and how to analyse Capital Goods companies.

    Many Thanks!!!

  3. #3 by kdaaku on January 19, 2015 - 7:42 PM

    @Prasad – Hi Prasad, I think my portfolio closely mirrors Valuepickr portfolio save a 3-4 stocks which are different. I think, personally, that I am not good at finding new ideas. I am slightly better at negating ideas when my good friends bring a few stocks to my notice. I would just say, keep reading annual reports, BSE disclosures and announcements on a daily basis and build your network. Most of the ideas that I evaluate come through valuepickr or the network.

    @a18ps – Thanks.

  4. #4 by vikram g on January 19, 2015 - 11:56 PM

    http://www.moneycontrol.com/financials/isgecheavyengineering/cash-flow/SIS06#SIS06
    Can you throw some light on why the cash flows r so varying?

  5. #5 by shahr5458 on July 5, 2015 - 5:07 AM

    sir have u found any new stock looking good for investing ?? sir has prof.bakshi bought anything new recently ??

  6. #6 by Akhilesh on June 24, 2016 - 5:54 PM

    Hi , Unable to download the pdf file about IGSEC….Please send me the pdf at the email id given

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