Ashish Dhawan’s Financial Picks
About Ashish Dhawan
Ashish Dhawan is a prominent figure in the Indian investment landscape, known for his remarkable success as an investor & his dedication to philanthropy. He co-founded ChrysCapital in 1999, a venture that would later emerge as one of India's largest funds. Ashish's investment philosophy revolves around smart, diversified investments, underpinned by thorough market analysis with a focus on the long term.
Holdings and Portfolio of Dhawan:
As of now Ashish Dhawan holds a publicly disclosed portfolio comprising 12 stocks with a cumulative net worth exceeding ₹ 3,245 Crores. His investment choices reflect his wealth of experience & expertise in the financial realm.
Background of Ashish Dhawan
His journey started with the founding of ChrysCapital, which rapidly became the country's premier private equity firm. He boasts an impressive educational background, having graduated from Yale University & earned his MBA from Harvard Business School.
Investment Strategy of Ashish Dhawan
- Keen understanding of markets
- A commitment to stick for long-term
- Smart & diversified investments
- Rigorous market analysis
Name of the Active Stocks Held by Mr. Dhawan:
A diverse range of companies are hold by Ashish Dhawan’s portfolio. Out of which some of the notable stocks in his portfolio include:
- AGI Greenpac Ltd.
- Arvind Fashions Ltd.
- Glenmark Pharmaceuticals Ltd.
- IDFC Ltd.
- Quess Corp Ltd.
- Mahindra & Mahindra Financial Services Ltd.
- Equitas Small Finance Bank Ltd.
These holdings reflect his commitment to a diversified investment approach, ensuring resilience & potential growth in various sectors of the economy.
Ashish Dhawan’s Recent Pick
Religare Enterprises (REL), a diversified financial services firm offering services across sectors including loans to SMEs, affordable housing financing, health insurance, and retail broking, acquired a 1.66% interest from Dhawan. His ownership in the business is worth Rs 94.3 crore.
Overview of the Religare Enterprise Ltd.
| Religare (In Cr. ₹) | Mar-12 | Mar-13 | Mar-14 | Mar-15 | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Mar-23 | TTM |
| Sales | 3,873 | 3,762 | 3,361 | 4,128 | 4,895 | 3,709 | 2,675 | 2,371 | 2,384 | 2,513 | 3,227 | 4,679 | 5,011 |
| Operating Profit | 2,053 | 2,302 | 1,775 | 2,122 | 1,184 | 2,050 | -167 | -634 | 43 | 278 | -364 | 483 | 577 |
| Net Profit | -148 | -481 | 27 | 321 | 61 | -124 | -1,181 | -1,501 | -1,038 | -478 | -1,539 | 3,169 | 3,337 |
Consistently increasing the value of enterprise is making the business attractive to buy. Company is also unlocking its potentials by creating more customer value and increasing the Average Revenue per Clients.
Financial Performance:
| Metrics | As of FY'23 |
| Stock P/E | 147 |
| Dividend Yield % | 0 |
| ROCE % | 15.5 |
| Debt to equity | 0.41 |
| PEG Ratio | 10.1 |
| Int Coverage | 1.34 |
Key concern:
- 3.70 times the book value of the stock is being traded.
- Low interest coverage ratio for the company.
- Earnings include a Rs. 3,393 Cr. other income.
- The financing costs for the company look exorbitant.
Pros:
- The business has cut its debt.
- The company should deliver a strong quarter.
Religare Enterprises Share Price
Conclusion
The Religare Enterprises has thrives on significance and potential for optimum growth even after facing challenges such as delaying the project and price fluctuations of raw material. With its expansion plans, focus on offerings diversification, strong network of distribution, the company appears well-poised for future success. However, it must effectively manage the identified risks to ensure continued profitability and sustainable growth.
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