Understanding ROIC and Incremental ROIC

Introduction If you are a 90s kid like us, you could relate to an old Maruti car advertisement whose punchline was “Deti Kitna Hai” (which relates to the fuel efficiency of a car). As we Indians are more value seekers, Maruti wanted to drive home the idea of importance of…
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Best Monopoly Stocks in India – 2023

Indian stock markets have generated many multibaggers and has created lot of wealth. There are over 4000+ listed companies in India. These include both public and private sector companies operating across various sectors and industries. One of the many ways to identify a potential multibagger stocks for 2023 india is to bet…
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Rajratan Global Wire: Good long-term prospects

Rajratan Global Wire Limited (“Rajratan”, “Rajratan Global”) is an Indore-based company focused on manufacturing and selling tyre bead wire. After hitting its lows during the COVID crash, the stock had a dream run. Rajratan Global’s stock price rallied from a low of INR 37 to INR 1400 in September 2022,…
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Factor Investing: How we outperform the market

Investing can be a complex world, but sometimes the simplest strategies can be the most effective. At Coin Street, we specialize in building simple yet effective strategies to consistently outperform the market. As Leonardo da Vinci once said, “simplicity is the ultimate sophistication,” and we strive to simplify things to…
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Kabra Extrusion: Key beneficiary of EV penetration

Kabra Extrusion Technik Limited (KET) is a small-cap company with a market cap of approximately INR 1900 crores. Founded in 1984, KET is a top manufacturer and supplier of plastic processing machinery, including twin screw extrusion lines and single screw extrusion lines. Since entering the EV battery business in 2018,…
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Cyient Q3: Good numbers, reasonable valuation

Cyient (market cap: ~10300 crores) posted good set of number for the quarter ending Dec’22 (Q3FY23). The chart below summarizes the key highlights of the quarter The stock has significantly outperformed the Nifty Index benchmark and is currently trading close to its 5-year median valuation multiples, which is reasonable. Management…
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