Announcing a full-day Workshop on "Forensic Accounting for Investors" on 1st Mar-2020 in Pune

Candor Investing is a boutique portfolio advisory firm specializing in bottom-up investing in quality businesses.

We help select individuals/trusts/family office create wealth through long-term equity investments

Click here to know more about our advisory services

Our Investment Philosophy

Investment Philosophy

We are bottom-up fundamental investors adhering to the value investing philosophy as practiced by Philip Fisher, Warren Buffet, Prem Watsa and other stalwarts.

We live by a simple principle when it comes to stock market investing
“When profits of the company go up, stock prices go up and vice versa”

Our Investment Philosophy
“Buy quality businesses at reasonable valuations and hold till the company executes.”
What is a quality business?
  • Business has a competitive advantage – a moat
  • Consistent high Return on Equity & Return on Capital Employed
  • Low / No Debt
  • Honest Management, sense of stewardship

Portfolio Composition
We do not categorize our investments into small/mid/large cap stocks. but buy businesses that have a demonstrated superior execution capabilities in the past, hold promise for the future and are available at cheap enough valuations.

Our model portfolio typically consists of 8-10 high quality businesses.
The average market-capitalization of our model portfolio is Rs 7,000 Cr.

Our Investment Philosophy
Our Blog

Latest Articles

Investment Analysis of CARE Ratings. An interesting opportunity presented by Mr Market because of extreme negativity around the stock

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Why a PE ratio of 3 does not necessarily imply “cheap valuations”

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Case Study on forensic accounting of a potential multi-bagger.
Step-by-step guide to analyzing the books of accounts and the management of a company

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Context to the recent reports about red flags raised by RBI during its inspection of Ujjivan Small Finance Bank.

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This article was originally published in Moneylife Magazine Link to the IEX India article on Moneylife Magazine The editors of Moneylife have been kind to also let me host an edited version of the article on my blog.   Would you like to own a monopoly platform business which makes 80% operating margins and which… Read More

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The stock price of Piramal Enterprises has cracked in the last 2 weeks. The name of Piramal Enterprises is now taken in the same breath as that of DHFL, Reliance Capital, Yes Bank, Indiabulls Housing Finance and other wealth destroyers. If you are an investor in Piramal Enterprises, what should you do with your holding?… Read More

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Testimonials

What are people saying about us

Jeevan Jyoti Rath
Ashish Goleccha
@marginalideas

Feedback on “Forensic Accounting for Investors” Workshop

Benefit
I saw some distinct and new techniques to read annual reports and get more qualitative information about corporate governance from annual reports. I had stopped tracking small caps (as small caps are usually more prone to corporate governance lapses) in last 2 years. Now, I see tracking more small caps using the techniques I learnt in the workshop.

I liked the structure of the workshop. I could directly lift the content and put it to use immediately. I have prepared a checklist and tightened my process of stock picking using content of workshop.

Meet Makadia (Full-Time Investor 10+ yrs)

We are a SEBI Registered Investment Advisor

(INA000010654)