Investment Focus

Listed Equity

Investment Criteria

Clear focus of stock universe – We focus on companies having market capitalisation upto Rs. 27,000 crs

“Too Hard” box – We focus on companies within our circle of competence

Management – Our understanding of management is based on certain factors such as quality of business strategy taken in the past, honesty and fairness in financial reporting and related party transactions

Growth visibility – We bet on companies across themes with visible growth in future through either capacity expansion, capacity ramp up, industry growth, scheme of arrangements, etc

Operational leverage – We focus on companies that are in margin expansion phase or contraction of expenses as % of sales due to economies of scale

Margin of safety – We gauge margin of safety by deciphering intrinsic value of company through our internal proprietary methodology

Clearly avoiding red flags – We flag out companies with risky parameters such as pledged shares, aggressive accounting policies, change in promoter holding, contingent liabilities and many more

What is FACTH

Rockstud Capital forays in theme-based approach to select high quality out performance in listed equity domain. We have coined an acronym FACTH (Financials, Agriculture, Consumption, Technology and Healthcare) to build our investment portfolio.


Financials Fastest Growing Economy Low Credit to GDP Ratio Huge Runway Expanded Opportunities Leading Sector
Agriculture Largest Source of Livelihood Lower Farm Mechanization Government Thrust Doubling Farmer’s Income Animal Husbandry, Dairying & Fisheries
Consumption Backbone of India Growth story Structural factors Under penetration Supplemental opportunities Emergence of E-retail
Technology Resilient & Consistent Industry Pillars of Modern India Largest Offshoring Destination Digital Hub of the World Champion Services Sector
Healthcare Strong positioning Government’s initiatives Increased diagnostics relevance Doubling Farmer’s Income Animal Husbandry, Dairying & Fisheries


Investment Mandate

Pre-Series A
Sector Focus
Consumer Products, Mobility, HealthTech, Enterprise Applications, AgriTech & FinTech
Company Preference
Atleast 2 years of operations, Minimum ₹2 Cr of net revenue in last 12 months, Positive gross margin
Ticket Size
₹1 Cr - ₹2 Cr
Must be minimum investment round size of $1 MN along with participation from institutional investors

Value Addition Post Investment

Diverse role(s) as Investor
Board Observer/Mentor
Growth Strategy
Advise on sales strategy, customer acquisition, pricing, marketing, business model pivot, etc.
Advise on financial & accounting policies, reporting, disclosures, etc.
Access to Network
Network of advisors, bankers, service providers, potential customers, etc.
Connect with VCs and Corporates for subsequent rounds of funding
Assistance with senior-level hires