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

Analysis of the corporate governance issues at KRBL
Digging a little deeper can present a great buying opportunity

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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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Testimonials

What are people saying about us

Workshop Participant “Forensic Accounting for Investors” – Bengaluru on 20th Jan-20
Twitter – @varunr84

Brief Background
Hedge Fund Manager with 12+ yrs of experience
Now a full-time investor based out of Mangalore

Feedback about the Workshop
Well structured
Decent case studies

Workshop Participant Forensic Accounting for Investors – Mumbai on 22nd Dec-19

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.

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

Brief Background
Student – Pursuing PGDM in Financial Management
Started investing and researching stocks 3 year ago
Part-time Investor

Feedback about the Workshop
The workshop was very insightful and helped me to learn how to see the red flags in a company before investing.
It was a pleasure learning from you Amey Sir. The main takeaway from the workshop is to look at every company as “guilty until proven innocent”.
Thank You.

Suggestions
Conduct a workshop in Delhi

We are a SEBI Registered Investment Advisor

(INA000010654)