This is a very small company and is not for everyone. We have said this before, and we will say this again: “Low floats are a double-edged sword, it can be highly rewarding and a wealth destroyer at the same time”.
We will write this Prudent Idea in a different, more of a story like for a change. Let us know in the comments if you find this one better or if we should shift to our old structure.
This is a company that was once the most popular IPO in 2021 and at the peak of the speciality chemicals cycle. The IPO was oversubscribed over 180x. Yes. 180x The scrip got listed at 21x Mcap/Sales, 15x PB and 90x PE. But now, we believe that the worst is behind us. How? Let’s start …
About the Company Rajratan Global Wire Ltd (Mcap 2000 Cr), was established in Sept 1998. Initially, a trading business of iron and steel. In 1991, it commenced commercial production of high-carbon prestressed concrete (PC) wires, and in 1995, the company transitioned into the manufacturing of bead wire for tyres, which became its core expertise. Today, …
Dear subscribers, this is a very tough market to be in. We hope that you are able to maintain mental peace till now.
The ability to think clearly in this panic situation is a very good edge and we want to share our thoughts to provide an overall direction in investing.
Three businesses where we find very good value at current prices
Founded in 1987 as Acrysil Limited, the company rebranded to Carysil Limited (Mcap 2000 Cr) in 2022 to align its corporate identity with its flagship brand. Carysil is a global leader in lifestyle kitchen and bath products and is one of only four manufacturers worldwide (and the largest in Asia) producing composite quartz sinks using advanced German technology.
The company has undergone a significant structural shift: evolving from a component manufacturer (quartz sinks) into a “one-stop solution” provider. Today, its portfolio includes quartz sinks, stainless steel sinks, built-in appliances (hobs, hoods, wine chillers), faucets, and luxury bathware.
Established in 1983, RACL Geartech Limited (formerly Raunaq Automotive Components), Mcap 1300 Cr, has evolved from a domestic-focused aftermarket player into a global high-precision engineering powerhouse. The company specialises in manufacturing transmission gears, shafts, sub-assemblies, and chassis components.
The organisation’s journey is defined by three distinct phases: RACL 1.0, which focused on the domestic aftermarket; RACL 2.0, where it pivoted toward exports and global OEM relationships starting in 2004; and the current RACL 3.0, which marks its transition into a technology-driven systems supplier capable of “Concept to Print” engineering. Today, RACL serves premium niche segments in motorcycles, passenger cars, EVs, and heavy commercial vehicles across Europe, Asia, and North America.
DMCC Speciality Chemicals Limited is a fully-integrated manufacturer of speciality chemicals with a heritage dating back to 1919, when it was India’s first producer of sulfuric acid and phosphate fertilisers. Presently, the company operates a balanced dual-business model centred on two core chemistries: Sulphur and Boron. Serving diverse industrial applications across 22 countries.
Incorporated in 2012, Accretion Pharmaceuticals Limited (Mcap 89 Cr) is a pharmaceutical company that manufactures and sells tablets, capsules, and other healthcare products. There are three main income sources for the company:Contract Manufacturing, Domestic Sales – Not their own brand, but manufacture for their customers, Direct export sales
