Sidd Mehta presented his in-depth investment thesis on Shriram Transport Finance (NSE: SRTRANSFIN) at Asian Investing Summit 2017.
Shriram Transport Finance is India’s leading second-hand truck financing company. Its founder is a legend in India and has pioneered lending to the poorest in the country over the past forty years, building a wide moat around the business and market share above 50%. The company has faced several headwinds in the past five years. Sidd views the equity as undervalued, as it trades at a discount to the ten-year price-to-book multiple of 2.3x and at a discount to other non-banking finance companies in India. Sidd expects Shriram to compound per-share book value at between 12-15% annually.
About the instructor:
Sidd founded Beaconsfield Investment Management in 2010. Prior to that he worked as an analyst covering Asian equities at Fairfax Financial Holdings and as an associate analyst at Credit Suisse equity research. Born and raised in Chennai, India, Sidd completed his bachelor’s of science degree from Purdue University.
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