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

How could investors have avoided investing in the Yes Bank stock in 2017 itself and prevented a massive destruction of wealth

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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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Testimonials

What are people saying about us

Workshop Participant “Forensic Accounting for Investors” – Bengaluru on 20th Jan-20
Traveled from Delhi to Bengaluru to attend

Brief Background
Worked as a research analyst
Entrepreneur and Part-time investor

Feedback about the Workshop
The case studies were awesome.
What I really liked about the case studies was their simplicity

Workshop Participant “Forensic Accounting for Investors” – Bengaluru on 20th Jan-20
Traveled from Surat to Bengaluru to attend

Brief Background
Investing since 3 years
Businessman by profession

Feedback about the Workshop
Wideness of topics covered
Very lucidly explained
Very crisp and precise

Suggestions
Please cover few NBFC companies from a wider section

Workshop Participant “Forensic Accounting for Investors” – Bengaluru on 20th Jan-20

Brief Background
Age – 53 yrs
Investing for the last 25 years
Businessman by Profession

Feedback about the Workshop
Indian Case Studies
Interactive Session
Knowledge of Trainer

Suggestions
Course Handout

We are a SEBI Registered Investment Advisor

(INA000010654)