If one were to look closely then there are many companies which have unique products, unique management but the idea is to find them early because they are available cheap, said Ayush Mittal of screener.in
From the sidelines of the Investor Carnival, CNBC-TV18’s Anuj Singhal speaks to Ayush Mittal, Co-founder of Screener.in, who started investing from the tender age of 13 and has identified some multi-baggers.
Coming from a family of investors, he was exposed to the idea of investing at a very early age, said Mittal. He learned from his father that one should look for companies that maybe unpopular but are showing good earnings performance, are undervalued on PE ratio.
He said, if one were to look closely then there are many companies which have unique products, unique management but the idea is to find them early because they are available cheap.
However, while selecting companies’ balance sheet analysis is key, said Mittal.
Giving an example he talks about Ajanta Pharma on which he is very bullish because despite being listed for many years not, the company has never raised money but are still growing and even paying dividends to shareholders. The company has also the highest margins in the industry, he added.
The other interesting idea they were invested in earlier Mayur Uniquoters.Stovec is also another good company, said Mittal, adding that it is an MNC company – part of German company which is world leader in textile machinery. In the last 4-5 years the company is growing at more than 30-40 percent year on year.