60th Birthday of India’s Big Bull – Rakesh Jhunjhunwala
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Today is Ace Investor Rakesh Jhunjhunwala’s 60th Birthday!
- Known as the ‘Big Bull’ of Indian Stock Market, he has significant stakes in, Titan, Aptech, Jubliant LS, Lupin India & several other companies.
- One such company which finds its place in RJ’s portfolio : VIP Industries Limited!
- • VIP is India’s Market Leader in Luggage & Baggage Sector with prominent brands such as Skybags, Aristocrat, Carlton, Caprese & several others under them!
VIP Industries in FY’20 :
• Market Cap : ~₹3,657 Cr
• Revenues : ~₹311 Cr (Decline 28% YoY)
• Profits : ~₹9.52 Cr (Decline 62% YoY!)
Why Decline in their Biz?
Coronavirus!
Their March & June Qts have always been strong due to vacations in India which gives rise to the steep demand of Baggages.
• They command a thumping 45% Market Share in the Organised Luggage Industry.
Diversification of its holders :
Promoters : ~53.5% (Piramals)
MF Cos : ~10.4%
RJ : ~5.31%
RJ : “Invest in a business not a company!”
VIP Industries has huge scope to grow once they overcome this Economic slump for the next 2-3 Qts.
Never copy any famous investor’s portfolio because ‘Blindly following stock picks by big investors is not a wise thing’ – RJ
