February 24, 2017

Q&A: Granules India, Divi's Laboratories and Mirza International Limited

www.drvijaymalik.com has a section dedicated to answering queries of readers: “Ask Your Queries”. Over time, many readers have asked their queries related to many aspects of stock analysis and sought clarifications about investing. I have responded to these queries as replies to their comments.

“Q&A” series is an attempt to share the queries & their responses, which have featured on “Ask Your Queries” section, with all the readers. The primary aim of this new feature is to share the knowledge with other readers of the website, who might have similar queries.

The current article in this series provides responses related to:
  • Granules India Limited
  • Divi’s Laboratories Limited
  • Mirza International Limited
Answers to readers' queries on analysis of Granules India, Divi's Laboratories and Mirza International Limited

February 23, 2017

Q&A: MBL Infrastructure, Owner's Earnings, Mirza International and Equity Dilution

www.drvijaymalik.com has a section dedicated to answering queries of readers: “Ask Your Queries”. Over time, many readers have asked their queries related to many aspects of stock analysis and sought clarifications about investing. I have responded to these queries as replies to their comments.

“Q&A” series is an attempt to share the queries & their responses, which have featured on “Ask Your Queries” section, with all the readers. The primary aim of this new feature is to share the knowledge with other readers of the website, who might have similar queries.

The current article in this series provides responses related to:
  • MBL Infrastructure Limited
  • Owner’s Earnings & FCF
  • Mirza International Limited
  • EBITDA, equity dilution and extinguishment of shares
Answers to readers' queries on MBL Infrastructure Limited, Owner's earnings vs Free cash flow (FCF), Mirza International Limited, EBITDA, Equity Dilution, buy back, extinguishment of shares

February 22, 2017

Participants' Experiences: "Peaceful Investing" Workshop, Pune, Feb 12, 2017

The “Peaceful Investing” workshop was held in Pune on February 12, 2017. The workshop was aimed at sharing equity investing knowledge with the participants that could help them gain confidence while taking their equity investment decisions.

This workshop was our first in Pune and the presence of participants coming to Pune from Bangalore, Indore, Kolhapur, Mumbai and different areas of Maharashtra made it a special occasion for us.

Peaceful fundamental value stock Investing Workshop by Dr Vijay Malik Pune Hotel Sagar Plaza. Full-Day fundamental Value Investing Workshop by Dr Stock

February 21, 2017

Analysis: Divi's Laboratories Limited

www.drvijaymalik.com has a dedicated section for investment & stock specific queries of readers: “Ask Your Queries”. Over time, readers have asked queries about multiple stocks in this section. Answers to these queries have been done post preliminary analysis of the stocks under consideration. Such analysis has been found helpful by readers.

“Analysis” series is an attempt to summarize & share with all the readers, the key questions and their answers, which have featured on “Ask Your Queries” section. The primary aim of this new feature is to share the knowledge with all the readers of the website.

The current section of this series, “Analysis” covers Divi’s Laboratories Limited, a Hyderabad-based Indian pharmaceutical manufacturer, which focuses on making active pharmaceutical ingredients (API) and intermediates as primary business activities.
Analysis Divi’s Laboratories Limited Equity research report, Hyderabad, active pharmaceutical ingredients, API, intermediates, Dr Vijay Malik, Dr Stock, Management analysis

February 18, 2017

Register for "Peaceful Investing Workshop", Mumbai, May 14, 2017

One of the key methods to generate significant wealth from stock markets is to buy & hold fundamentally sound stocks over long periods of times extending to years and many times to decades. However, such long investing duration invariably contains periods of exuberance & distress where the market price rises & falls significantly. It leads to strong emotional reactions from investors that make holding stocks for the long term a difficult proposition.

Therefore, the patience to hold stocks in fluctuating markets requires very high level of conviction from the investor in her investing decisions.

“Peaceful Investing” workshop aims to focus on stock selection and analysis skills, which would make us much more confident about our stock decisions. It would ensure that our faith would not shake with day to day market price fluctuations and we would be able to reap true benefits of stock markets to fulfil our dream of financial independence.

Full day, fundamental, stock, investing, workshop, focusing on value investing, by Dr Vijay Malik, at Mumbai, on May 14, 2017 at Hotel Mirage, Andheri Kurla Road

February 9, 2017

Analysis: Granules India Limited

www.drvijaymalik.com has a dedicated section for investment & stock specific queries of readers: “Ask Your Queries”. Over time, readers have asked queries about multiple stocks in this section. Answers to these queries have been done post preliminary analysis of the stocks under consideration. Such analysis has been found helpful by readers.

Q&A Series is an attempt to summarize & share with all the readers, the key questions and their answers, which have featured on “Ask Your Queries” section. The primary aim of this new feature is to share the knowledge with all the readers of the website.

The current section of this series, “Q&A” covers Granules India Limited, a Hyderabad-based Indian integrated pharmaceutical manufacturer, which focuses on making active pharmaceutical ingredients (API), pharmaceutical formulation intermediates (PFI) and finished dosages (FD) as primary business activities.
Equity research report analysis Granules India Limited, active pharmaceutical ingredients API, pharmaceutical formulation intermediates PFI and finished dosages FD, Actus Pharma Limited, Omnichem

January 31, 2017

Participants' Experiences: "Peaceful Investing" Workshop, Hyderabad, Jan 29, 2017

The “Peaceful Investing” workshop was held in Hyderabad on January 29, 2017. The workshop was aimed at sharing equity investing knowledge with the participants that could help them gain confidence while taking their equity investment decisions.

This workshop was our first in Hyderabad and the presence of participants coming to Hyderabad from different areas of Telangana and Andhra Pradesh made it a special occasion for us.

Peaceful fundamental value stock Investing Workshop by Dr Vijay Malik Hyderabad Aditya Park hotel. Full-Day fundamental Value Investing Workshop by Dr Stock

January 27, 2017

New Features & Performance Update of "Follow My Portfolio with Latest Buy/Sell Transaction updates" Service

Follow Dr Vijay Malik’s Portfolio with Latest Buy/Sell Transaction updates” is a premium service in which we provide the subscribers an access to the details of our equity portfolio along with latest buy/sell transactions in our portfolio.

It is an information service (not an advisory service), which lets the subscribers know what % of our portfolio has been invested in each of the stocks and what stocks we are buying currently. Buy/sell transactions list includes the stocks that we have bought recently along with the prices at which we bought them.

The "Follow My Portfolio" service is to act as an information source to subscribers about the stocks that we are buying currently. This is an information source to subscribers to know what stocks we believe are currently within our buying range so that they may choose to take a decision accordingly.

We have recently updated the service to add certain more features, which are listed below:

Earlier Feature

New/Updated Feature

  • My Portfolio” page contained the list of latest 10 buy/sell transactions.
  • Older transactions (>10th) were removed from the list

  • All the buy/sell transactions since the start of the service (July 30, 2016) are now present on the portfolio page.
  • As on date (January 27, 2017), the list contains 33 transactions, including 32 buy transactions and 1 sell transaction.
  • The entire list of transactions starting from the commencement of the service along with future updates would be kept on the “My Portfolio” page so that the subscribers who have joined on later dates do not miss out on the previous transactions

  • Only 1 years subscription option was available for subscribers

  • A new 2 years subscription option has also been introduced.
  • Now subscribers may choose from the 1 year or 2 year subscription option while taking fresh subscription or renewals or for extending the subscription period even during the middle of the existing running subscription.


  • The portfolio composition details as on July 30, 2016 (based on closing prices of July 29, 2016) have been disclosed at the “My Portfolio” page.
  • Original portfolio composition at the start of “Follow My Portfolio” service along with the buy/sell transactions would help all the investors understand the dynamic progression of the portfolio over time.
  • This would especially help the investors who have joined the service subsequent to July 30, 2016 as the latest portfolio composition keeps on changing with every transaction.


  1. Update by email about all the future transactions (buy as well as sell) in our portfolio at the end of the day of the transaction (after market closing hours) during the period of the subscription. The email update would contain the details of the stock bought/sold and the price at which the transaction was done.
  2. Access to the premium section containing updated details of our portfolio and the list of all the transactions from the start of this service (July 30, 2016) until date during the subscription period, at the following link: http://premium.drvijaymalik.com/portfolio/

Updates on portfolio performance as on January 27, 2017:

  • This premium service was commenced on July 30, 2016. The portfolio had generated annualized return (CAGR) exceeding 70% from the start date of portfolio August 8, 2011 up to July 30, 2016 (at closing prices of July 29, 2016).
  • Since July 30, 2016 up to January 27, 2017, the portfolio has generated annualized return (CAGR/XIRR) of 45.30% against the decline in BSE Sensex levels from 28,051.86 (closing price on July 29, 2016) to 27,882.46 (closing level on January 27, 2017) representing annualized return (CAGR/XIRR) of -1.21%
  • The total annualized return from the start date of portfolio August 8, 2011 up to January 27, 2017 stands at 64.27%. 
    • During the same period BSE Sensex level has increased from 16,990.18 (August 8, 2011) to 27,882.46 (January 27, 2017) representing an annualized rate (CAGR) of 9.47% 
    • During the same period NSE Nifty level has increased from 5,118.50 (August 8, 2011) to 8,641.25 (January 27, 2017) representing an annualized rate (CAGR) of 10.03% 

Investors may learn more and subscriber to the “Follow Dr Vijay Malik’s Portfolio with Latest Buy/Sell Transaction Updates” by visiting the following link:


It is highly recommended that investors read the Frequently Asked Questions (FAQs) at the subscription page to understand the terms & conditions and contours of this service.

All the best for your investing journey!

Regards,

Dr Vijay Malik


January 23, 2017

Analysis: MBL Infrastructure Limited

www.drvijaymalik.com has a dedicated section for investment & stock specific queries of readers: “Ask Your Queries”. Over time, readers have asked queries about multiple stocks in this section. Answers to these queries have been done post preliminary analysis of the stocks under consideration. Such analysis has been found helpful by readers.

Q&A Series is an attempt to summarize & share with all the readers, the key questions and their answers, which have featured on “Ask Your Queries” section. The primary aim of this new feature is to share the knowledge with all the readers of the website.

The current section of this series, “Q&A” covers MBL Infrastructure Limited, an Indian infrastructure player focusing on the construction of roads in both build operate & transfer (BOT) as well as engineering, procurement and construction (EPC) segments.

Equity research report Analysis of MBL Infrastructure Limited, an Indian infrastructure player in roads on build operate & transfer BOT and EPC segments