Khokan Sarkar

Work_TechAchitect
Learning_ValueInvesting
Goal_FinancialIndependent
Dream_248I2028

[Navalism @NavalismHQ]

A fit body, a calm mind, a house full of love. These things cannot be bought - they must be earned.

@naval

[Philosophy Thoughts @Philosophy_DQ]

Be private. Reconnect with God. Grow in silence.

[Khokan Sarkar @khokan1990]

@TommiPedruzzi @NavalismHQ Book

[Khokan Sarkar @khokan1990]

@Sanskar82394057 Total 6-7

[Khokan Sarkar @khokan1990]

@Sanskar82394057 Hi @Sanskar82394057 are there any new videos for the latest developments?

[Khokan Sarkar @khokan1990]

This book is a masterclass in both investing and life. Deeply grateful for the wisdom shared. Highly recommended for anyone playing the long game! 📚🙌

[Khokan Sarkar @khokan1990]

Finally finished "The Long Game" by @safalniveshak. A superb read that bridges the gap between smart investing and meaningful living. Grateful for the insights gained over the last two weeks. A must-read! 🙏✨

[Arun Mukherjee @Arunstockguru]

“You don’t need hundreds of stocks to build wealth — just a few big winners in your lifetime can change everything. The crowd will always tell you it was luck, because that’s easier than admitting they never had the patience, courage, or discipline to do the work. Luck doesn’t find winners, discipline does. It’s the discipline to dig deep, to buy when others doubt, and to hold when the noise gets loud. That’s the difference between people who beat the market and people who merely talk about it.”

[Ian Cassel @iancassel]

The first big discovery move in a microcap is always the easiest. Why? No one owns it to sell it. There is the least amount of friction. Just a few people with low expectations.

The catalyst could be a large contract win or series of small wins, legislation change, competitor leaving the market, or any number of reasons that create a quick 20-100% growth spurt in the business over 2-6 quarters.

The first breakout quarter is like a siren going off to the thousands of retail and small institutions looking for such things.

The revenue growth flows through the income statement with relative ease producing operating leverage on the bottom line.

The crowd gets excited. The stock moves up 100-500% in 12 months. The issue with discovery moves is expectations become too high.

Everyone projects out 50% annual revenue growth and 200% net income growth for the next 10 years. Smart retail buys first, small institutions second, and finally dumb retail pay the highest price at the top.

The stock trades for perfection. You've reached the height of the discovery move.

What most investors don’t realize is the company is over earning. Management is learning as they go and is late in making the necessary investments to support a larger enterprise.

Then management realizes they are behind the curve. They need more infrastructure and redundancies. C players must be replaced with B or A players. They must spend $3 million on a new Sales Force CRM implementation.

At the same time growth gets harder.

Last year’s 50% growth turns into this year’s 30%.

200% earnings growth turns into flat earnings YoY due to the increased investment in labor, technology and infrastructure.

Investors are shocked because they’ve never run a business before.

Expectations fall.

The stock/rollercoaster made an elegant and graceful rise over a few quarters and now it plunges 50%+ in a few days.

This is why selling is necessary and perhaps the most important skill in microcap investing. Those that sell the first wave of discovery are correct for doing so. The base rates are low for management teams proving they are more than a one hit wonder.

The valuation compresses. 50x forward earnings turns into 15x trailing earnings. Growth investors leave, and value investors start circling the company again.

https://t.co/30pd7HtDrw

[Khokan Sarkar @khokan1990]

🧵 Thread: 3B BlackBio Dx Ltd (1/10)

Leading player in India's molecular diagnostics market with 60% EBITDA margins! Analyzing this niche healthcare stock.

#MolecularDiagnostics #Healthcare #SmallCap

[Khokan Sarkar @khokan1990]

(9/10) Investment Outlook:

Positioned in high-growth renewable sector with strong order book visibility. Management targeting 30-40% growth.

But valuations are rich (P/E 55.5). Suitable for growth-focused investors with 2-3 year horizon.

[Khokan Sarkar @khokan1990]

🧵 Thread: Advait Energy Transitions Ltd (1/10)

Transforming from EPC contractor to renewable energy powerhouse! Analyzing their pivot to green hydrogen, solar & power transmission.

#RenewableEnergy #SmallCap #GreenHydrogen

[Khokan Sarkar @khokan1990]

(8/10) Concerns:

⚠️ High P/E of 55.5 - priced for perfection
⚠️ EPC execution risks
⚠️ Working capital intensive
⚠️ Promoter holding decreased to 66.8%

Monitor quarterly cash flows & project execution closely!

[Khokan Sarkar @khokan1990]

(6/10) Strategic Focus:

🎯 Shifting to manufacturing from EPC
🎯 Green Hydrogen projects
🎯 Solar Power integration
🎯 Battery Energy Storage Systems

Leveraging govt's renewable energy push & green hydrogen mission. Future-ready business model!

[Khokan Sarkar @khokan1990]

(4/10) Key Ratios:

✅ ROE: 22.5%
✅ ROCE: 26.9%
✅ P/E Ratio: 55.5
✅ Book Value: ₹187

Strong returns on capital, though high P/E reflects growth expectations. Company transitioning to manufacturing from EPC.

[Khokan Sarkar @khokan1990]

(3/10) Q1 FY26 Financial Performance:

📈 Revenue: ₹118.4 Cr (+99% YoY)
💰 Net Profit: ₹9.7 Cr (+79% YoY)
👍 PAT Margin: 8.2%

Explosive growth driven by strong order execution in power transmission & renewable segments!

[Khokan Sarkar @khokan1990]

(2/10) Company Overview:

Former: Advait Infratech
Founded: 1997
Market Cap: ₹1,878 Cr
Current Price: ₹1,718

Business Segments:
• Power Transmission Solutions (66%)
• Renewable Energy (34%)
• Green Hydrogen, Solar, Battery Storage

[Khokan Sarkar @khokan1990]

(10/10) Summary:

Kalyani Cast Tech shows strong fundamentals with impressive growth, solid profitability, and debt-free operations. However, increasing debtor days and promoter dilution need monitoring.

This is NOT investment advice. DYOR!

#KalyaniCastTech $KALYANICAST

[Khokan Sarkar @khokan1990]

🧵 Thread: Deep Dive into Kalyani Cast Tech Ltd (1/10)

A promising small-cap in the specialty manufacturing space. Let's analyze their business, financials, and growth prospects.

#StockMarket #SmallCap #InvestmentAnalysis

[Khokan Sarkar @khokan1990]

(9/10) Concerns to Monitor:

⚠️ Debtor days increased (46.9 to 69.2 days)
⚠️ No dividend payout despite profitability
⚠️ Promoter holding decreased (63.3% to 59.5%)
⚠️ Small-cap volatility risk

Do your own due diligence!