Is there an app / platform that helps me see the combined look through stock holdings of my MFs - basis the latest factsheet? For example, I want to see what is the combined RIL or HDFC exposure of my MFs.
TIA.
Can Zepto IPO at current valuations?
Swiggy, along with its profitable numerous verticals (FD, Dineout, Logistics), currently has a market cap of $6.5Bn. If you look at Swiggy's valuation notes from brokerage houses, few have marked Instamart down to zero in their SOTP valution while others are giving a maximum range of $2-3Bn. Zepto is at par or at marginally higher market share than Instamart currently.
With Zepto's last private round at $7Bn, can it find the necessary demand to even match that level of valuation? It is still burning cash with min. order value at just INR 99/- plus it does not have a cash generating business vertical like Food Delivery. Also, I can bet it is nowhere close to being EBITDA positive. All this leaves Blinkit as the clear winner with their wider presence and distinct operating model.
I do not think there is even retail investor appetite for another cash-guzzling business like this. And the overall sentiment among institutional investors is of risk-off. There is no FII money, and DIIs are under increasing scrutiny from their poor IPO investments in new-age tech companies.
I feel Swiggy demerge its Instamart business and merging with Zepto is the only logical next step. That is the only probably way out for both the players to improve their market share and unit economics (and possibly save the shareholders of both the companies). Combined market share of ~45% and a cash war chest that would parallel Eternal, create a duopoly, carve out micro-market niches and start charging subscription fees / delivery charges ... till the time Motabhai / Mr. White come in.
Note: All numbers are assumptions or taken from public sources / Eternal or Swiggy filings
Can Zepto IPO at current valuations?
Swiggy, along with its profitable numerous verticals (FD, Dineout, Logistics), currently has a market cap of $6.5Bn. If you look at Swiggy's valuation notes from brokerage houses, few have marked Instamart down to zero in their SOTP valution while others are giving a maximum range of $2-3Bn. Zepto is at par or at marginally higher market share than Instamart currently.
With Zepto's last private round at $7Bn, can it find the necessary demand to even match that level of valuation? It is still burning cash with min. order value at just INR 99/- plus it does not have a cash generating business vertical like Food Delivery. Also, I can bet it is nowhere close to being EBITDA positive. All this leaves Blinkit as the clear winner with their wider presence and distinct operating model.
I do not think there is even retail investor appetite for another cash-guzzling business like this. And the overall sentiment among institutional investors is of risk-off. There is no FII money, and DIIs are under increasing scrutiny from their poor IPO investments in new-age tech companies.
I feel Swiggy demerge its Instamart business and merging with Zepto is the only logical next step. That is the only probably way out for both the players to improve their market share and unit economics (and possibly save the shareholders of both the companies). Combined market share of ~45% and a cash war chest that would parallel Eternal, create a duopoly, carve out micro-market niches and start charging subscription fees / delivery charges ... till the time Motabhai / Mr. White come in.
Note: All numbers are assumptions or taken from public sources / Eternal or Swiggy filings
Any reason the Credo Brands (MUFTI) trades at such a massive discount? A consumer stock in India, with +ve cash flow trading at 11x trailing earnings is unheard of. Down 75% from IPO price. What am I missing? What is the read on the promoter and keyman risk here? Is it moving into a segment (premium wear) which market reads it won't be able to compete in?
Understand that there are near-term flattening of sales and the management has guided for margin compression on account of a brand revamp, but the business has historically done well (even prior to listing).
- Decent return ratios
- Good cash flow conversion (generating 60-80cr FCF each year)
- Asset light model
- Fixed lease rentals of ~60 cr (10% of revenue)
- Strong brand and pan-India presence
- Decent dividend payout
- Never borrowed a single penny throughout its existence
My read is they would be able to increase their AOV through premiumisation, which alongside turning the tap on marketing spend in 2-3 quarters could lead to long term operating margins back to 25-28% (Their historical avg marketing spend has been 3-5% of revenue, which is being guided towards ~10% in the near-term)
We’re looking for an intermediate-level developer to step in for a short-term, high-focus stint.
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This is an execution-heavy role with clear guidance and oversight — expect ownership over deliverables within a structured framework.
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