Traditionally, gold loan companies are thought of as NBFCs. But lets look at them from a slightly different perspective – as pawn brokers, which they…
Bajaj Finance has been one hell of a wealth generating machine over the last decade. Their stock has appreciated at a CAGR of 35% pa…
Booking is the largest OTA (Online Travel Agency) globally. It also owns Priceline, Kayak, Agoda. Major Shareholders Shareholding is widely dispersed with the highest with…
Keywords Studio is the largest and most diverse provider of outsourced services to the video game industry. They have grown over the years through acquisition…
Manappuram and Muthoot are the most profitable NBFCs in India. You can see this from Figure 2 of an earlier post here. I’m using return…
Introduction Sterlite is a vertically integrated manufacturer of fiber optic cables. The manufacturing of fiber optic cable starts from silicon chemicals which is converted into…
Following up from the first two articles about real estate (you can find them here and here). Since the articles were quite long, I’m going…
Mahindra Holidays is a company which sells vacation ownership for 7 days per year for 25 years – also known as timeshare. The company earns…
Hospitals provide a necessary service and are hence relatively immune to economic cycles. On the other hand, it is a highly capital intensive business and…
I want to find businesses which get better with time like aged whisky. These are businesses which have a competitive advantage which is not only…