The 10th Annual New York Value Investing Congress takes place in New York on September 8th and September 9th 2014. ValueWalk will be providing coverage of the event- below is a presentation from Amitabh Singhi on value investing in India.

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Amitabh Singhi Top Ideas From The Value Investing Congress

Amitabh Singhi is Managing Director at Surefin Investments, an India based portfolio management and investment advisory company. Since inception in mid-2001 the fund has returned 24.7% annualized, net of all fees to investors. Mr. Singhi graduated with a BS in Economics from the Wharton School at the University of Pennsylvania, with concentrations in Finance and Management.

Amitabh Singhi on India’s new elected president

Amitabh Singhi is going on and on about India–talking about new elected president

30m housing shortage, growing by 4m a year

Amitabh Singhi’s ideas: Aro Granite, Tata Motors

First idea — created a private company to build low end housing units (looking for more investors –thinks demand is almost unlimited at this point) –can’t build them fast enough

Aro Granite Industries Ltd (BOM:513729) (NSE:AROGRANITE)

10yr avg ROE before 2007 = 20%

since 2007, ROE=10%

ROE’s should be 15%

Added capacity in 2007

Lots of working capital

trades at .5x book

4x P/E 13m market cap

Tata Motors Limited (ADR) (NYSE:TTM) (BOM:500570) (NSE:TATAMOTORS) DVR

TATA used to own 80% of DVR’s, but now own less than 1%, 

The discount recently dropped to 30%

1/10th the voting right, slightly higher dividend

Long the DVR, short TATA common stock