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basant
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Quote basant Replybullet Topic: Prof Mankekar and his Multibagger Portfolio
    Posted: 25/Jul/2007 at 12:28pm
Prof Mankekar and his Multibagger Portfolio
 
 
Prof. Mankekar and his family have made some of the biggest multibaggers of the Great Indian bull run. Pantaloon Retail (100 times) and Financial Technologies (50 times) are amongst his best known bets.

 

The Prof. is media shy (so much so that I could not find his photograph on google) does not want to be in the public domain and like some of the smartest minds in the Indian markets loves to think and act in isolation. He does not come on chat shows, does not provide opinion on Tv but still teaches at the Jamunalal Bajaj Institute in Mumbai.

 

I tried making a list of his portfolio from the stocks that he owns and are disclosed in the public domain. Please note that these are the stocks which are in the public domain and it should be assumed that the actuals might differ because certain purchases would not have been disclosed or if disclosed would have inadvertently been omitted. But this portfolio does give a broad idea of his investing styles and habits.

 

Company CMP Shares Value % of 
 Rs crores portfolio
Pantaloon Retail (India) Ltd. 520 2154480 112.03 32.56
India Infoline Ltd. 820 994235 81.53 23.69
TV18 890 568504 50.60 14.70
NIIT 985 220000 21.67 6.30
Balaji Telefilms 270 660000 17.82 5.18
Zee News 71 2400000 17.04 4.95
Asian Electronics 1100 150000 16.50 4.80
Champagne Indage Ltd. 628 221420 13.91 4.04
Radico Khaitan 177 541000 9.58 2.78
Galaxy Entertainment Corpn. Ltd. 115 297302 3.42 0.99
Total value of portfolio (Rs crores) 344.09

Piquant observations:

  • Just like Rakesh Jhunjhunwala  the Prof believes in the benefits of portfolio concentration. His top 3 holdings account for close to 70% of his portfolio and he holds only 10 stocks in his disclosed portfolio.
  • It is very hard to find a cyclical or commodity stock in his portfolio.
  • All the stocks that he bought were at the time of buying a small cap. Just that the sheer pace of growth made it into a large cap is another thing. Maybe the Prof believes that money can be made in small and mid caps only.
  • With respect to Pantaloon the Professor expects it to become a Rs 100,000 crores market cap company He likes buying stocks with a huge external scale of opportunity
  • We do cover companies with huge scale of opportunity in The Equity Desk - Report Card section.
  • These shares are held by the Mankekar family and form a part of their disclosed portfolio. They could be holding more shares through companies, trusts, proprietary accounts which are not in the public domain.
  • To know more about investing legends see the section World's greatest Investors.
  • Over the past few months the Professor is  buying into Tv18, Balaji Telefilms, Zee News and Asian Electronics. His recent buys into the media shares reflect his new found conviction for the broadcasting sector.
  • His portfolio does see some churn but not before he has made a multibagger out of his stocks. Stocks that he has either reduced exposure or exited include Financial Technologies, Astra Microwave Rishi laser (suffered a loss here) Pantaloon Industries etc.

Source: bseindia.com and internet search.

Originally posted by deveshkayal

Prof. Mankekar December Portfolio 

 
Company CMP Shares  
 
Pantaloon Retail (India) Ltd. 735 2287980
India Infoline Ltd. 1471 1872500
Dish TV                                                   82 5000000
NIIT 132 1650000
Balaji Telefilms 300 860000
Zee News 70 2400000
Asian Electronics 506 300000
Champagne Indage Ltd. 760 390000
Radico Khaitan 142 2646500
Galaxy Entertainment Corpn. Ltd. 100 297302
PVR 300 650000

Source: bseindia.com and internet search.

Prof. Mankekar bought an additional 82500 shares of Pantaloon Retail (India) Ltd and sold 4500 shares of India Infoline Ltd. in the Oct-Dec 2007 period.
 
Except for Balaji Telefilms, Radico Khaitan and Galaxy Entertainment, We at The Equity Desk are actively discussing the above stocks mentioned.
 
 
 
Originally posted by tushar

Thanks Devesh, u did 99%, I will do the rest 1%. Big%20smile

This portfolio in TED understandable format, is:

Pantaloon Retail (India) Ltd. 
25.72
India Infoline Ltd. 
42.13
Dish TV                                                   
6.27
NIIT 
3.33
Balaji Telefilms 
3.95
Zee News 
2.57
Asian Electronics 
2.32
Champagne Indage Ltd. 
4.53
Radico Khaitan 
5.75
Galaxy Entertainment Corpn. Ltd. 
0.45
PVR 
2.98

 
 
 


Edited by basant - 19/Jan/2008 at 10:11am
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Quote chic_1978 Replybullet Posted: 25/Jul/2007 at 1:31pm
good job basantjee
 
 
happy & wise investing
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Quote India_Bull Replybullet Posted: 25/Jul/2007 at 1:40pm

Thanks Basantjee for this info,

I always wondered why people like Prof and (even RD) were interested in Astra as there is no chance of scale , also some investments from RJ in Vadilal or Hawkins alsways surprised me.
 
Any specific info on Galaxy entertainment - I guess it runs the Bowling? But did it not belong to Pantaloon?
 
 
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Quote basant Replybullet Posted: 25/Jul/2007 at 1:52pm
Pantaloon ahs a holding in Galaxy not a complete buy out. Yes, it is the bowling/leisure company.
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Quote tyler_durden Replybullet Posted: 25/Jul/2007 at 6:06pm
basant ji how does a prof invest crores of rupees in stocks..mean to say that he must be worth hundreds of crores....
 
RJ, i have heard started with few thousand and now he is mega rich....even if we make multibaggers how can we attain that kind of magnitude??? wats the secret behind this???
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Quote India_Bull Replybullet Posted: 25/Jul/2007 at 6:12pm
Tylerjee,
 
You are bang on, I have the same question from several years in my mind. If you start with 5K and lets say you have few 100 baggers still you cant have the wealth these guys have generated..
 
Basantjee pls enlighen us !!
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Quote basant Replybullet Posted: 25/Jul/2007 at 6:42pm
Initially they leverage themselves. Leveraging is easy in the initial days because you have nothing to use and afterwards you become smarter. Otherwise it takes Rs 10 lacs to become Rs 10 crores in 10 years at an almost impossible 60% CAGR.
 
RJ used to speculate and made the biggest money by shorting the markets in 1992 when the harshad mehta scam broke open.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Quote deveshkayal Replybullet Posted: 25/Jul/2007 at 7:44pm
Professor is credited with having picked Ind Swift Lab and Spanco well before their prices soared!
 
Just 9 stocks is fabulous! Retail,Financial Services,Media and Alternative Energy are his bets.We need to do some research on Radico bcoz Rel MF has been bullish on this counter since long.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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