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.

Why FACTH

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