저자: JagdeepSingh · 외국인
요약 보기
라케시 점훈준왈라 포트폴리오 소개 영상으로, 특정 자산의 향후 가격 방향 예측이나 매수·매도 추천은 없음. 타이탄(Titan): 시계·보석(타니시크)·안경 등 사업 다각화, 주가가 2005년 약 7루피에서 현재 1200 이상으로 상승했다고 설명. 과거 상승 설명일 뿐 예측 아님. 델타코프(Delta Corp): 고아 카지노·호텔 운영, 무부채, 영업이익률 약 40%라고 소개. 예측 없음. 스파이스젯(SpiceJet): 항공산업 성장 가능성과 탑승률 등 실적 지표를 설명. 향후 방향 언급 없음. CRISIL: 신용평가사로서 금융화 확대에 따른 수요 증가 가능성을 언급하나, 최근 부실 문제로 주가가 하락했다는 설명 위주. 방향 예측 없음. 이온익스체인지(Ion Exchange): 수처리 사업, 환경 규제 강화로 수요 증가, 최근 1년 100% 이상 수익률 설명. 예측 없음. 결론적으로 영상은 분산투자와 진입장벽 등 투자 교육 내용이며, 영상 말미에 교육 목적이고 매매 추천이 아니라고 명시함.
다듬은 글
Hello friends, today we are going to talk about the Warren Buffett of India, Rakesh Jhunjhunwala's portfolio. We will look at the companies in his portfolio in which he holds major stakes. Friends, we always look up to Rakesh Jhunjhunwala as an idol, so we always see where he invests and also why he chooses those companies.
At the end of this video, we will discuss the lessons that can help us become good investors. I am Jagdeep Singh, and I welcome you to the Groww channel. Let's discuss Rakesh Jhunjhunwala's portfolio.
가장 좋아하는 종목, 타이탄
Speaking of Rakesh Jhunjhunwala, we should first talk about his favourite stock. In his portfolio, his favourite stock is Titan, in which he has invested over 7,500 crores. This company is one of the five biggest watchmaking companies in the world. Talking about Titan's share price, in January 2005 it was around 7 rupees, and today it trades above 1,200.
When we hear the name Titan, we think of watches, which is true, but it has other businesses too. In jewellery, you must have heard of Tanishq. Tanishq is a brand owned by Titan. Until recently, the jewellery market was unorganized, so people often got fake gold and there were trust issues. By solving that, Tanishq built a brand that people could trust for purity. They also came up with different designs and patented them. Because of that, they could charge higher making charges, and their margins improved too.
As I told you, Titan's business is spread across different sectors. As you can see on the screen, Titan's journey started in 1984 and spread into different sectors with different brands, for example Titan, Tanishq, and Sonata. In 2007 they started Titan Eye Plus, which is in the business of making spectacles. They also started a perfume brand called Skinn, which targets the perfume sector.
카지노 기업, 델타코프
Let's talk about casinos now. You may be wondering why I am talking about casinos. Rakesh Jhunjhunwala has about 300 crores invested in a company that runs casinos in Goa. Apart from casinos, they also have hotels. I am talking about Delta Corporation. In this company, Rakesh Jhunjhunwala has total ownership of more than 7%, with a total invested value of more than 300 crores. You may be thinking, what did he see in this business that he invested so much?
Friends, whenever we go to a casino, we mostly lose all our money. When we lose money, the casino earns money, which gives good profit to the casino. It also has very little competition in Goa. Looking at Delta Corp's financials, this is a zero-debt company, which means they have no debt to repay. There is also an interesting thing about this company: its margins. The margins are almost 40%. Having 40% margins is a big deal for a company. In the casino business, the setup cost is very high, but running costs are low, so their margins are impressive.
스파이스젯
The next company is SpiceJet, in which Rakesh Jhunjhunwala has more than 100 crores of investment. Why SpiceJet? In recent years, India's airline industry has grown, and it still has a lot of room to grow. This business has growth potential, and that's why he chose SpiceJet. In addition, SpiceJet beats its peers on many financial parameters. In market share, SpiceJet's is more than 13%. Talking about load factor, SpiceJet's is better than IndiGo's at 92%, although a year ago its load factor was 94%.
Let me tell you an interesting fact about SpiceJet. In 2014, SpiceJet was about to shut down, but they turned things around, and today it is one of the best companies in the airline sector. After IndiGo, it is probably the most preferred airline for investing. As you can see on the screen, these financial parameters help us understand why Rakesh Jhunjhunwala chose this company. In terms of income growth, it grew 18% in 2018-19 compared to 2017-18. In passenger growth, this year it is 16% compared to 2017-18.
신용평가사, 크리실
You may have heard of CRISIL if you follow financial news, because Rakesh Jhunjhunwala has invested more than 500 crores in this company. He holds 5% of its total ownership. First, let me explain what CRISIL does. CRISIL is a rating agency that rates companies based on their creditworthiness. Imagine my company borrowed 100 rupees from a bank. If my company is performing well and can easily repay, the rating agency will give it an A rating. If my company stops performing well, its revenue is poor, and it has trouble paying its debt, rating agencies will lower the rating so that banks can recover their assets on time.
In any financial ecosystem, companies with good ratings are essential, so CRISIL's importance has grown in India. Moreover, financialization has not yet fully happened in India, and it will happen in the near future, so CRISIL's demand may increase. In recent days, CRISIL and other credit rating agencies have faced issues, because companies they had given good ratings to defaulted on their loans. Every business has pros and cons. A good investor should learn how to invest in the right place at the right time.
Looking at CRISIL's share price, in 2005 it was around 50 rupees, and at one point it traded above 2,000 rupees. But a few problems arose in the financial sector recently, so it now trades at around 1,300 rupees. On financials, CRISIL is a zero-debt company. Its competitors are ICRA and CARE Ratings.
이온익스체인지
Let's talk about the last company, Ion Exchange, which works in the water treatment sector. Before a company releases wastewater, it has to be treated. Pollution has been a big topic recently, so the government has set many restrictions on industries, such as requiring toxic water to be treated before it is released into the environment. Because of these regulations, demand for this company has risen recently, which may be why Rakesh Jhunjhunwala invested in it.
On financial parameters, Ion Exchange is almost a zero-debt company with little debt. An interesting fact is that it gave more than 100% returns to investors last year. A year ago its share price was above 350, and it has now risen to 700. Its net profit was about 5 crores in 2010 and has now increased to 45 crores. In the last nine years, its profit has grown almost tenfold.
There are many other companies in Rakesh Jhunjhunwala's portfolio. Discussing all of them would make this a very long video, so let me tell you what we can learn from this portfolio.
투자에서 배울 점
First, as I say in every video, diversification is very important for an investor, whether small or big like Rakesh Jhunjhunwala. His portfolio includes companies from many different sectors because he has diversified very well.
The second lesson is barrier to entry. In every industry, when a new player comes in, they face barriers. In an industry with higher barriers, it is difficult for competitors to enter and survive. Rakesh Jhunjhunwala has invested in companies from industries where the barriers to entry are high. For example, CRISIL has only two competitors, and in the jewellery business, capital expenditure is high, so it is difficult for a new company to enter. Similarly, Ion Exchange operates in the water treatment industry. When building a good portfolio, try to choose companies that are difficult for new players to replace.
Now you may be thinking, why not just buy the same companies as Rakesh Jhunjhunwala? In a previous video I said that copying a portfolio is risky. We don't know the price at which he bought these shares. If we buy today, the price may have already risen a lot, and if it falls, we will suffer losses.
The purpose of this video is simple: to show how important diversification is for all types of investors. Before choosing a company, we need to research well, and we should choose good companies with a long-term horizon. Every week we upload three or four videos on financial knowledge, so subscribe to this channel so you don't miss any of them. If you enjoyed this video, please like it, and comment to tell us which stocks we should cover in this week's stock analysis.
Friends, this video was for educational purposes. We did not make any recommendations to buy or sell. Happy investing!
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