Mid-Small Cap specialist | Equities | India, Nurture Capital Advisory

Nurture Capital Advisory

We are a Buyside outfit and also offer Advisory services. Most notes published here are written for our consumption. These notes offer readers a perspective of our approach to scanning sectors and distilling ideas to constructing a bottom-up Equity portfolio. 

Combining top down and bottom-up approaches to identifying themes/ value stocks at inflexion
Sector agnostic | Value oriented - Inflexion approach | Bottom-Up Ideas
Biased towards Sustainability, ESG
Team is Wall Street Journal, ET Now - Star mine Lipper, Asia money rated.

Mid-Small Cap specialist | Equities | India

Equity Bottom-Up

<ul>
<li>Low valuations (3x Earnings, 8% cash yield) and an under supplied Oil market, nice value concoction  </li>
<li>However, large part of value hinges on growth beyond FY25E, execution challenges and regulatory intervention may necessitate additional debt to fund ongoing capex</li>
<li>Thus deleveraging unlikely, narrowing TV for traditional fuels - risks both earnings and valuations </li>
</ul>


Low valuations (3x Earnings, 8% cash yield) and an under supplied Oil market, nice value concoction  
However, large part of value hinges on growth beyond FY25E, execution challenges and regulatory intervention may necessitate additional debt to fund ongoing capex
Thus deleveraging unlikely, narrowing TV for traditional fuels - risks both earnings and valuations 


Oil India Ltd

Oil India (OINL IN): Value Trap, Avoid