Amit Doshi

Patient Investor and Learner @carepms
(CA by Qualification)

[Amit Doshi @amitndoshi]

Knowledge: Collecting the dots
Experience: Connecting the dots

[Care Portfolio Managers | Care PMS @carepms]

One-liner
Before We Invest #1: What Makes Us Reject a Company?

Description:-
Care Portfolio Managers Pvt. Ltd. is a SEBI-registered Portfolio Manager bearing Registration No. INP000004128.

Not every company we research ends up in the portfolio. Sometimes the most important part of the job is knowing when to walk away.

It's rarely one bad number that does it. A weak quarter can have a reasonable explanation. But when a few things start going wrong at the same time, we start asking harder questions.

Here's what usually makes us say no: a balance sheet that keeps getting weaker, no clear sense of what will drive growth next, management that keeps promising more than it delivers, one capital raise too many, a company wandering into businesses it has no business being in, and profits that look good on paper but never really show up as cash.

Before we commit capital, we go back to the basics: can the balance sheet support growth, what will actually drive the next leg, does management do what it says, is shareholder capital being used well, and are the profits real in cash terms.

It's easy to find reasons to buy when a story sounds exciting. Investing is as much about knowing what you won't ignore.

Disclaimer: PMS investments are subject to market risks. For risk factors, investment details, and important disclosures, please visit our website.
https://t.co/TwKV2IPLhb

#carepms #smallcapinvesting #equityinvesting #pmsindia #investmentdiscipline

[Care Portfolio Managers | Care PMS @carepms]

Copper is no longer just a commodity story. It is quietly becoming a bigger cost across the economy.

An ICE car: 20–25 kg of Copper
EV: 80–85 kg Copper
~4x more copper

ICE 2Wheeler : 2.5–3 kg
Electric 2Wheeler: 8–10 kg
~3x more copper

Electric bus: 250–300 kg

But the interesting part is what happens when copper prices rise.

Electronics and appliance makers are already passing on higher input costs. Some companies are stocking raw materials and components ahead of the festive season, while distributors are seeing margin pressure.

And for EV manufacturers, copper isn't an input that can simply be eliminated. Aluminium can substitute in some applications, but not everywhere.

The takeaway isn't simply “copper prices will rise.”

It is about understanding how a single raw material can ripple through manufacturing costs, pricing, margins and the economics of electrification.

That is where the second-order impact gets interesting.

[Tukaram Mundhe @Tukaram_IndIAS]

The most expensive part of a hospital bill may never touch the hospital at all.

A patient admitted for care has no way of knowing whether the price on a medical consumable reflects its actual cost or a markup fixed long before it ever reached the ward. That gap in information is, at its core, a public health issue.

A survey of hospital consumables in Maharashtra found an IV infusion set with a trade price of ₹11.05 carrying a printed MRP of ₹325 ; a markup of 2,841%. A syringe procured at ₹6.75 carried an MRP of ₹57.20. A catheter procured at ₹29.41 carried an MRP of ₹310.

These are not elective purchases. Patients cannot compare prices, seek alternatives, or question a number printed on a box while receiving care and the MRP itself is often fixed upstream by manufacturers and distributors, disconnected from the trade price by a wide, unexplained margin. The result is a system where the party bearing the cost has the least information to evaluate it.

The regulatory gap is structural: scheduled medicines are capped under the Drugs (Prices Control) Order, 2013. Most medical devices and consumables are not leaving both the pricing and the information around it almost entirely unmonitored.

A review of these findings and clear guidelines on the permissible gap between trade procurement price and declared MRP have been recommended to the Department of Pharmaceuticals and the NPPA ; a step toward closing not just a pricing gap, but the information gap patients are left to bear alone.

#PublicHealth #GoodGovernance #Leadership #TukaramMundhe

https://t.co/Ye9CVzr8qU

[Care Portfolio Managers | Care PMS @carepms]

In Episode 1 of Inside the Investment Room, we look at a common investing question: once a great company becomes an expensive stock, is it still worth holding?

At Care PMS, when a holding rallies sharply, the question is not only how much the price has moved. The team goes back to the original investment case and reviews whether the move is execution-led or expectation-led, how fast valuation has been reached versus what was anticipated, and whether the expected return still justifies the capital allocated.

Because the real question is not whether the company remains good, it is whether the price has run ahead of the return potential still left in the business.

Disclaimer: PMS investments are subject to market risks. For risk factors, investment details, and important disclosures, please visit our website.
https://t.co/TwKV2IPdrD

#carepms #smallcapinvesting #equityinvesting #pmsindia #investmentdiscipli

[Care Portfolio Managers | Care PMS @carepms]

May Lord Ganesha bring wisdom, prosperity and new beginnings into every home.

Wishing everyone a blessed Ganesh Chaturthi.

Care PMS
Equity • Trust • Service

#GaneshChaturthi #CarePMS #FestiveGreetings #NewBeginnings #Prosperity

[Care Portfolio Managers | Care PMS @carepms]

Care PMS was pleased to be part of Fund Manager Connect 2026, hosted by PMS Bazaar at Taj Connemara, Chennai.

The session brought together investors, partners and market participants for insightful conversations on portfolio management, investment thinking and long-term wealth creation.

A sincere thank you to PMS Bazaar and everyone who joined us for an engaging session.

#CarePMS #PMSBazaar #PortfolioManagement #InvestorEducation #WealthCreation #LongTermInvesting

[Care Portfolio Managers | Care PMS @carepms]

Care Portfolio Managers Pvt. Ltd. is a SEBI-registered Portfolio Manager bearing Registration No. INP000004128.

A stock falls 50%, and the first instinct is often to call it cheap.

But a falling price and a good investment are not the same thing. Sometimes the market is overreacting. Sometimes the business itself has weakened.

In Episode 2 of Small-Cap: Fact vs Fiction, we look at a common investing trap: assuming that a sharp correction automatically creates value.

[Amit Doshi @amitndoshi]

@Nithin0dha Because return gift will give return in future ;-)

[Care Portfolio Managers | Care PMS @carepms]

Delighted to share that Care PMS' "Large&Midcap Strategy" has been featured among the Top 3 PMS strategies in the "Large & Midcap category."

Care PMS "Large & Midcap Strategy" delivered 17.3% CAGR/TWRR over 5 years v/s Benchmark BSE500 at 12.2%.

The recognition is based on PMSBazaar data published in The Hindu BusinessLine.

To know more : https://t.co/eyAx9Gf8Nh

To know more about or Flagship Strategy for Small-caps : https://t.co/DJpojljgUI

[Amit Doshi @amitndoshi]

@Adani_Elec_Mum I do not think there is any regret of the inconvenience. Cause no response. No action. No calls. Nothing! Your bot on the website does not work. Nor emails. Nor social media post.

[Amit Doshi @amitndoshi]

@Adani_Elec_Mum I have written two emails. Submitted online application for transfer from Tata Power to Adani. No one has contacted me so far. It has been 10-15 days. I visited in adani centre in borivli at shimpoli, I was told to file appln online only. Need help. See screenshot

[Amit Doshi @amitndoshi]

@Adani_Elec_Mum Sent details in DM

[Care Portfolio Managers | Care PMS @carepms]

In phases of uncertainty, policy stance becomes the biggest market variable.

A small shift from the Government can alter the entire investment landscape.

Read more: https://t.co/NIovwmCABV

@PmsBazaar

[Care Portfolio Managers | Care PMS @carepms]

Recent data shows that while Foreign Investors own a lower share of overall Indian equities today as compared to previous few years, their participation has increased and expanded across 1,300+ stocks.

The signal is important.

Even global capital is now looking beyond the crowded Top 200 companies in search of scalable growth available at reasonable valuations.

At Care PMS, our "Growth Plus Value" approach has been built around this philosophy for over 15 years, identifying fundamentally strong businesses early, before they become part of institutional consensus.

In a market increasingly driven by passive flows and benchmark concentration, the ability to combine growth, valuation discipline and deep bottom-up research becomes even more relevant.

Wealth is created when you look beyond the obvious.

To know more : https://t.co/DJpojljgUI

Picture Source : @moneycontrolcom

[Care Portfolio Managers | Care PMS @carepms]

Bengaluru!

Meet us at the @PmsBazaar conclave at Tag, Bengaluru

On 9th May, 2026

[pms bazaar @PmsBazaar]

𝐁𝐞𝐧𝐠𝐚𝐥𝐮𝐫𝐮 𝐏𝐌𝐒 & 𝐀𝐈𝐅 𝐂𝐨𝐧𝐜𝐥𝐚𝐯𝐞 𝟐𝟎𝟐𝟔: 𝐌𝐞𝐞𝐭 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐩𝐞𝐚𝐤𝐞𝐫 – 𝐀𝐦𝐢𝐭 𝐃𝐨𝐬𝐡𝐢

We are excited to welcome 𝐌𝐫. 𝐀𝐦𝐢𝐭 𝐃𝐨𝐬𝐡𝐢, 𝐂𝐨-𝐟𝐨𝐮𝐧𝐝𝐞𝐫 & 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐚𝐭 𝐂𝐚𝐫𝐞 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐌𝐚𝐧𝐚𝐠𝐞𝐫𝐬, as a speaker at the PMS Bazaar Conclave 2026 - Bengaluru Edition.

Book your seat today and meet him on 𝟎𝟗 𝐌𝐚𝐲 𝟐𝟎𝟐𝟔 𝐚𝐭 𝐓𝐚𝐣 𝐌𝐆 𝐑𝐨𝐚𝐝, 𝐁𝐞𝐧𝐠𝐚𝐥𝐮𝐫𝐮.

𝐇𝐮𝐫𝐫𝐲! 𝐒𝐞𝐚𝐭𝐬 𝐚𝐫𝐞 𝐟𝐢𝐥𝐥𝐢𝐧𝐠 𝐟𝐚𝐬𝐭 – 𝐁𝐨𝐨𝐤 𝐧𝐨𝐰: https://t.co/RSq9ZWtGRZ

Don’t miss this opportunity to meet, network, and gain insights from leading PMS, AIF & GIFT City fund managers.

#Conclave2026 #pms #aif #giftcity #financeevent #bengaluruevent #pmsbazaar

[Care Portfolio Managers | Care PMS @carepms]

Key insights our Investment Director @amitndoshi will share at the @PmsBazaar Conclave 2026 - Bengaluru Edition on 9th May.

[Amit Doshi @amitndoshi]

@jitenkparmar @policybazaar @CareHealthIndia Their big ads that they help in claim settlement is also untrue. I tried twice but as you said different RM each time and no understanding of the claim matter. Just a postman and even then nothing happens. Ultimately you have to follow up with insurance company.

[Amit Doshi @amitndoshi]

@Airtel_Presence my both airtel numbers are not working. I tried putting on flight mode and then restart etc. But not working. Please help. Using wifi for now.

[Care Portfolio Managers | Care PMS @carepms]

The AI debate has returned and IT stocks are feeling the pressure.

Recent developments around advanced coding AI from Anthropic's Claude and the correction in Global & Indian IT stocks have revived discussions around the long-term structure of traditional IT services.

Over the past few years, IT remained a core part of institutional portfolios.

At Care PMS, we kept exposure to traditional IT services almost negligible, as valuations and growth visibility did not offer enough margin of safety.

Instead, we invested in technology enablers and domestic growth businesses, including companies which are more inclined towards Hardware side of the IT.

Good portfolios are built not just by what we buy, but also by what we choose to avoid.

Below is the last 5 years trend : #NiftyIT