KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

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SUMIT GHEI
Posts: 16
Joined: Thu Nov 09, 2017 12:19 pm

KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby SUMIT GHEI » Mon Feb 12, 2018 7:56 pm

Basmati rice to be India’s top export commodity. There are many countries that grow basmati rice domestically, however, India accounts for about two-thirds of the global supply.

In 2016, India, the world's top rice exporter, shipped more than 40,00,000 MT of basmati rice accounting for more than 40% of the worlds exports. The total export value was over $6 billion in 2016. The data for 2017 is still not yet released, but the export value is expected to grow at the rate of 11% for the next 5 years.

Below is the list of top 10 Rice exporters from India.

KRBL
Kohinoor
Lal Qilla
Dawaat
ACJK Exports
Veer Overseas Exports
L.T Foods
RiceofIndia
D.D International

DEC 17 SHAREHOLDING PATTERN [size=200] ANIL GOEL + SEEMA GOEL HOLD APPROX 5 % OF COMPANY
[/size]
https://www.bseindia.com/corporates/shp ... ber%202017

bulk deal

12 Feb 2018 THE PABRAI INVESTMENT FUND II LP P 2400000 594.00
12 Feb 2018 THE PABRAI INVESTMENT FUND IV LP P 4018491 594.00

Pee Vee
Site Admin
Posts: 337
Joined: Mon Dec 26, 2016 10:45 pm

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby Pee Vee » Tue Feb 13, 2018 11:40 am

SUMIT GHEI wrote:Basmati rice to be India’s top export commodity. There are many countries that grow basmati rice domestically, however, India accounts for about two-thirds of the global supply.

In 2016, India, the world's top rice exporter, shipped more than 40,00,000 MT of basmati rice accounting for more than 40% of the worlds exports. The total export value was over $6 billion in 2016. The data for 2017 is still not yet released, but the export value is expected to grow at the rate of 11% for the next 5 years.

Below is the list of top 10 Rice exporters from India.

KRBL
Kohinoor
Lal Qilla
Dawaat
ACJK Exports
Veer Overseas Exports
L.T Foods
RiceofIndia
D.D International

DEC 17 SHAREHOLDING PATTERN [size=200] ANIL GOEL + SEEMA GOEL HOLD APPROX 5 % OF COMPANY
[/size]
https://www.bseindia.com/corporates/shp ... ber%202017

bulk deal

12 Feb 2018 THE PABRAI INVESTMENT FUND II LP P 2400000 594.00
12 Feb 2018 THE PABRAI INVESTMENT FUND IV LP P 4018491 594.00

Excellent news. Thanks for the info.

valuepicker
Posts: 93
Joined: Mon Jan 09, 2017 8:44 am

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby valuepicker » Wed Feb 14, 2018 4:01 pm

Mohnish Pabrai invests only in stocks which can become 10x. His track record is excellent with all his 6 picks doing extraordinarily well. KBRL looks expensive but if picked by Pabrai you can blindly follow. This will be a great compounder.

Pee Vee
Site Admin
Posts: 337
Joined: Mon Dec 26, 2016 10:45 pm

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby Pee Vee » Wed Feb 14, 2018 6:02 pm

valuepicker wrote:Mohnish Pabrai invests only in stocks which can become 10x. His track record is excellent with all his 6 picks doing extraordinarily well. KBRL looks expensive but if picked by Pabrai you can blindly follow. This will be a great compounder.

I agree. KRBL is not a cheap stock. Not sure if it can become even 5x in 5 years.

psyaap
Posts: 3
Joined: Wed Feb 14, 2018 6:47 pm

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby psyaap » Wed Feb 14, 2018 7:20 pm

Pee Vee wrote:I agree. KRBL is not a cheap stock. Not sure if it can become even 5x in 5 years.


Yeah P/E is at 33, P/B is almost 8. P/E is much higher than their closest competitor, LT Foods which is at 21. But then again the investor is Mohnish Pabrai.

Have any of you had a deeper look into the financials of the company?

Pee Vee
Site Admin
Posts: 337
Joined: Mon Dec 26, 2016 10:45 pm

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby Pee Vee » Wed Feb 14, 2018 8:48 pm

psyaap wrote:
Pee Vee wrote:I agree. KRBL is not a cheap stock. Not sure if it can become even 5x in 5 years.


Yeah P/E is at 33, P/B is almost 8. P/E is much higher than their closest competitor, LT Foods which is at 21. But then again the investor is Mohnish Pabrai.

Have any of you had a deeper look into the financials of the company?

This may be more than just the financials. Perhaps a spur in demand for Basmati rice in foreign countries or a foray into ready-made snacks and savories etc may accelerate growth prospects. I think the investors' presentation may throw some light on the future prospects of KRBL.

valuepicker
Posts: 93
Joined: Mon Jan 09, 2017 8:44 am

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby valuepicker » Thu Feb 15, 2018 8:04 am

LT foods is not owned by Mohnish Pabrai.. Where did you get information about Pabrai buying LT foods?

psyaap
Posts: 3
Joined: Wed Feb 14, 2018 6:47 pm

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby psyaap » Thu Feb 15, 2018 5:49 pm

valuepicker wrote:LT foods is not owned by Mohnish Pabrai.. Where did you get information about Pabrai buying LT foods?


I never said that. Read carefully.

psyaap
Posts: 3
Joined: Wed Feb 14, 2018 6:47 pm

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby psyaap » Thu Feb 15, 2018 6:20 pm

Pee Vee wrote:This may be more than just the financials. Perhaps a spur in demand for Basmati rice in foreign countries or a foray into ready-made snacks and savories etc may accelerate growth prospects. I think the investors' presentation may throw some light on the future prospects of KRBL.


Yeah this is definitely a growth play. Maybe he thinks they have a strong brand building capability to go along with it. I always thought that LT Foods had stronger brands as compared to KRBL but I guess that's not true.

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Srilata Rao
Posts: 46
Joined: Tue Dec 27, 2016 3:19 pm

Re: KRBL FANTASTIC COMPANY BOUGHT BY THE PABRAI INVESTMENT FUND IV LP

Postby Srilata Rao » Thu Feb 15, 2018 8:59 pm

I also feel LT Foods is better bet than KRBL. It is also smaller company. ADF Foods is also a good stock in the packaged foods sector.


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