Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

I possess investment research experience across asset classes and geographies, acquired at Investcorp (New York) and Howe & Rusling (Rochester). At Investcorp, an alternative asset manager, I was part of an investment team managing >$1bn in discretionary client assets. I was also a member of investment recommendation, monitoring, cross-asset strategy and macro outlook committees that met periodically for investment decisions and top-down views. At Howe & Rusling, a long-only asset manager, I helped cover US large-cap equity investments across sectors for growth and income focused portfolios as well as assisted in managing a US small-cap growth focused equity portfolio. I possess an MBA in finance and corporate accounting from University of Rochester in US, a CFA Charter, and an Engineering degree from Indian Institute of Technology Bombay in India.  

My current focus is L/S equity fundamental research across market cap and sectors with an eye on corporate governance and forensic accounting. I am currently based in India and my current coverage universe is biased towards India.

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Regulatory Disclosure: Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details -
Address: A-602, Titanium Business Park, Makarba, Ahmedabad - 380051 |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289

Compliance/Grievance Officer -
Name: Ankit Agrawal |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289
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Equity L/S Analyst | Forensic Accounting | India

Kolte Patil: Record Pre-Sales In Q3FY22; New Project Acquisition Likely in Mumbai

Kolte Patil: Reported Stellar FY22 Earnings; All Is Set To Post Even Better FY23

Kolte Patil: On Track for an Excellent FY23

Kolte Patil: A Fat Bet on Booming Residential Real Estate in India

A Fat Theme | Organized Real Estate Developers in India - A Decadal Opportunity

India Channel Insight | IT Services, Real Estate

Creating Wealth through Alpha and Compounding

Yellowstone Equity

Providing unbiased and independent research on Indian equities to global institutions and individual investors


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Regulatory Disclosure: 
Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details:
Address: A-412, Shilp Aaron, Sindhu Bhavan Road, Ahmedabad, Gujarat - 380059
Email: services@yellowstoneequity.com
Mobile: +91-7575817289

Compliance/Grievance Officer:
Name: Ankit Agrawal
Email: services@yellowstoneequity.com
Mobile: +91-7575817289
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Equity Bottom-Up

Kolte Patil Developers / Equity Bottom-Up

<ul>
<li>In line with our thesis, the real estate sector continues to be on an upcycle with robust demand. Kolte Patil is benefitting from this trend.</li>
<li>Kolte Patil reported strong growth in sales and cash flow in Q2FY22. It has now guided for surpassing its earlier guidance of selling 2.5mm sq ft in FY22.</li>
<li>With increased sales momentum and consequent collections, Kolte Patil has been also reducing debt materially with net debt to equity now at just 0.23x.</li>
</ul>


In line with our thesis, the real estate sector continues to be on an upcycle with robust demand. Kolte Patil is benefitting from this trend.
Kolte Patil reported strong growth in sales and cash flow in Q2FY22. It has now guided for surpassing its earlier guidance of selling 2.5mm sq ft in FY22.
With increased sales momentum and consequent collections, Kolte Patil has been also reducing debt materially with net debt to equity now at just 0.23x.


Kolte Patil: Continued Momentum In Sales Velocity