Roshan Padamadan of Luminance Capital presented his in-depth investment thesis on ITC Limited (India: ITC) at Asian Investing Summit 2020.

Thesis summary:

ITC Limited is a company that is both defensive and aligned to growth/recovery. The business has a high intrinsic return on equity. Nearly half the business is tobacco, while the second-largest segment is consumer products, reaching over one-half of Indian households. The company has shown an ability to create and nurture consumer brands — a “brand factory”.

The full session is available exclusively to members of MOI Global.

Members, log in below to access the full session.

Not a member?

Thank you for your interest.  Please note that MOI Global is closed to new members at this time. If you would like to join the waiting list, complete the following form:

About the instructor:

Roshan Padamadan is Fund Manager at Luminance Capital. Previously, he served as COO, Risk and Compliance officer at Sixteenth Street Capital, based in Singapore. Luminance Global Fund has a global unconstrained investment strategy, looking at special situations and deep value. Prior to launching Luminance in 2013, Roshan also spent more than seven years with the HSBC Group, including more than three years with HSBC Asset Management, as a Product Specialist. He worked for the highly commended Offshore Indian Equity team which ran US$5+ billion from Singapore, including a US$100+ million award-winning India hedge fund. Roshan has earned an MBA in Management from Indian Institute of Management, Ahmedabad. He holds the CFA, FRM and CAIA charters and speaks over five languages.