Sidd Thomas and Kimi Venkataraman of India Intrinsic Value Advisors presented their investment thesis on Shriram City Union Finance (SCUF) (India: SHRIRAMCIT) at Asian Investing Summit 2021.
Shriram City Union Finance is a leading non-bank financial company (NBFC) in India. Part of the wider Shriram group, SCUF is known for its prowess in subprime, semi-rural lending.
SCUF has created a strong franchise in the medium and small enterprise segment and the two-wheeler loan market in India. The company has a strong track record over the last ten years of growing assets and book value, along with high returns on equity, while employing low levels of leverage.
At a market quotation of 1.2x book value, the shares trade near historical lows. Sidd and Kimi believe the shares may be worth twice the recent market price.
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 instructors:
Siddharth M-Thomas serves as a principal of India Intrinsic Value Advisors. He 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. Siddharth completed his bachelor’s of science degree from Purdue University. He is also a level 3 candidate in the CFA program.
Krishnaraj (Kimi) Venkataraman serves as a principal of India Intrinsic Value Advisors. He is the Managing Partner of Kimi & Partners, an investment firm he founded in 2008. Kimi’s previous work experience includes Tata Steel and P&G India, as well as several business startups in India, including Marketics which was successfully sold to WNS. Kimi has been an investor for more than 20 years and, after reading Warren Buffett, has been investing in undervalued Indian stocks. Kimi lives in Bangalore, India, with his wife and two daughters.
About The Author: MOI Global Editorial Team
The MOI Global Editorial Team, led by John Mihaljevic, CFA, includes community builders, event organizers, writers, editors, research associates, security analysts, and fanatical member support advocates. Our sole purpose is to serve the members of MOI Global as well as we possibly can in order to help them learn, invest intelligently, and build lifelong friendships with like-minded people.
Who is MOI Global? In recent years, The Manual of Ideas has expanded to become more than simply “the very best investing newsletter on the planet” (Mohnish Pabrai). We are now a thriving global community of intelligent investors, connected through great ideas, thought-provoking interviews, online conferences, live member events, and much more.
Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. Members also enjoy preferential access to selected offline events as well as exclusive access to other events hosted by MOI Global, including the Zurich Project Summit, the Latticework Conference, and Ideaweek.
More posts by MOI Global Editorial Team