400+
Companies Analyzed
50+
Companies Covered
10+
Stock Ideas In Current Buy List
30,000+
Blog Followers

We Move Wisely

We do not analyse stocks, we analyse businesses, mostly small & mid sized emerging companies which are dominant in an expanding niche, are run by a competent & ethical management teams and are available at fair valuations. A few good stocks are enough for creating lifetime of wealth & these are the kind of opportunities we strive to unearth. We do not get interested in businesses until they have potential to give decent return over 3-5 years. We are obsessed about capital protection and hence first assess the downside risks before potential upside which rules out most of the names from commodity space, those with high debt, from highly regulated sectors, government owned entities & those run by managements with questionable integrity or bad capital allocation history.

We are not arm-chair investors who just read annual reports and invest, rather we make sure we interact with the management and visit company's plants to understand business and its growth levers from ground up. We also interact with other stakeholders mainly channel partners (dealers & distributors) and employees to get a first hand information on the management quality. Since our process involves a lot of qualitative as well as quantitative filters, we leverage simple yet effective tools like checklists to make sure we do not miss any important factor.

A detailed explanation of the process can be Read Here

Performance Track Record

Recent Stock Ideas Entry Current*/ Exit Price Returns Report Status
Tasty Bite Eatables 640Apr-15 5,733Aug-17 800% Exited
APL Apollo 254Oct-18 1,258Mar-21 395% Exited
Suven Pharma* 131Dec-19 507 303% Invested
Amrutanjan Health Care 144Nov-14 467Nov-19 225% Exited
Garware Wall-Ropes 342Nov-15 828Jun-17 140% Exited
Crompton Consumer 102Mar-16 214Oct-17 110% Exited
Older Ideas(Prop. Book) Entry Exit Price Returns   Status
Relaxo Footwear 50Apr-13 4982017 896%   Exited
VST Tillers 350May-13 2,4852018 610%   Exited
DFM Foods 160Oct-13 9902016 519%   Exited
Page Industries 3,250Mar-13 14,1002015 334%   Exited
* Prices as on 12th May, 2021

Hall of Shame

It is not going to be all multi-baggers only, which are infact far and few, and only clear in hindsight. We have had our fair share of lemons too - stocks which we eventually sold at a loss or like Wonderla Holidays where thesis is yet to play out despite holding for many years. However, every cycle we will have few winning outliers which will not only make up for positions where the thesis does not play out but considerably lift the overall performance of the portfolio. This cycle has the likes of APL Apollo (5x in 2.5 years) and Suven Pharma (4x in 1.5 years), the previous cycle had Tasty Bite Eatables (9x in 2.5 years). That’s the nature of the game – lose some, win big. It is important to be at peace with few loss-making or non-performing stocks realizing the outliers will more than makeup for them. No matter how much we try, unfortunately, there is no way we can fully avoid losing positions as it’s all too dynamic. Even the best of investors and fund managers globally have not got it right beyond 6 out of 10 positions as per Peter Lynch.

Ultimately what matters is how we do at the portfolio/basket level despite losing on some positions, as the winning positions more than make up for the losing positions - maximum one could lose in a stock is the invested capital, however there is no upper limit to returns in positions where we get it right. The 80:20 rule applies in investing too - 80% of the gains come from 20% of the positions. To win a cricket match, not every player has to hit a century, and ultimately what matters is winning the match (portfolio returns) and not how every player performed (individual stock performance) and our focus is on winning the game (portfolio returns). It is extremely important for the subscribers co-investing with us to be aligned in this thought-process.


Company Name Buy Price Exit/Current* Price Loss Holding Period
Goodricke Group 406 132 68% 2 Years
Wonderla Holidays* 274 180 34% Invested
Exide Industries 230 181 21.4% 2 Years
Agro-Tech Foods 600 525 12.5% 2.5 Years
GE Power India 650 595 8.5% 2.5 Years
* Prices as on 12th May, 2021


Why Stalwart Advisors?

We are not in the tip-giving business, luring gullible individual investors and playing with their greed and get-rich-quick dreams. We ourselves are full-time investors, and are willing to partner only like-minded investors in building a solid long-term portfolio to create wealth.

Here is what differentiates us from the rest

+ - SEBI Registered

We are SEBI Registered Research Analyst (Registration No. INH100007912); we follow all due-diligence and compliance as per SEBI regulations and run by team of qualified MBAs and CFAs (US) with rich experience in investment analysis and portfolio management.

+ - A Single Structure & Service

We do not have multiple services (portfolios) or multiple structures (PMS / AIF / MF / Broking / Distribution) which often leads to serious conflict of interests. We are purely an Independent Equity Research firm with just one service where we co-invest. It is as simple and transparent as it can get, period.

+ - We eat at our own restaurant

We aren't another run-of-the-mill advisory, rather a team of full-time investors co-invested in the same stocks as recommended to our subscribers. We ensure our interests are aligned and we eat our own cooking.

+ - Independent Equity Research

We are not anyway into stock broking business hence do not embrace 'activity' just for the sake of it. We act when its important, otherwise we let money work and reap benefits of compounding.

+ - Capital Protection & Risk Management

There will be volatility as we go along however the chances of permanent loss of capital would be low, thanks to our focus on business quality as well as management quality. We avoid following current fads in blindly chasing returns. Read about our Risk Management Framework

+ - Know what you own & why

Well researched, insightful and yet easy-to-understand research reports; no point in borrowing somebody's conviction, we help you build your own. Read the Initiating Coverage Report and AGM Visit & Annual Report Dissection Note of Tasty Bite Eatables.

+ - Buying and Selling strategies

Clear strategies and rating on each stock - buy, hold and exit.

+ - Track investments religiously

Quarterly updates, AGM and Annual Report dissection Notes, Management Meet Notes and other relevant news reach your dashboard for which you get notified via email and SMS.

+ - Focussed

We focus primarily on niche businesses with long runway for growth and not in 20-25% upside/trading ideas. Goal is to create wealth and not get lost in trading opportunities.

+ - Opportunistic

New stock ideas are released only when its a compelling opportunity; no counter-productive commitments on fixed number of new stock ideas or frequency like monthly or fortnightly which is often against investor interest.

+ - Cut Noise

20-25 high quality stock ideas along with Sizing Guide to help you construct an ideal long-term portfolio.

+ - Nominal Flat Fee

We have deliberately kept the fee nominal so as to make economic sense to individual investors with smaller capital base. More importantly, there is no profit sharing. Minimum suggested capital is Rs 7 lacs.

Stalwart Advisors' endeavour is to provide unbiased, institutional quality fundamental research to investors at an affordable fee & help them participate in equities sensibly while outperforming market across cycles.

We are proud to showcase each skill that Stalwart Advisors possess.

Integrity, Compliance & Transparency 100%
Fundamental Research 100%
Scuttlebutt/Ground work 80%
Risk Management Framework 100%
Value Investing & Behavioural Finance 90%
Investor Support 100%

Here is what we strictly don't do:

No Trading/Short-term Ideas
No Technical Analysis
No Derivatives like Futures & Options
No Shortcuts Whatsoever

Always stay updated

Simple yet insightful research reports & portfolio monitoring

We aren't into tip-giving business where we just SMS you the names of the stocks. Rather we understand the value of one's hard-earned savings and the courage it takes to deploy those in a volatile and complex asset class like equities. We, therefore, strive to engage you in the investing process via insightful yet easy-to-understand research reports so that you develop your own conviction and not get perturbed with daily volatility. Further, our rigorous portfolio tracking means you can focus on your daily work without worrying about your investments. We keep a close eye on all developments and keep you updated via quarterly result updates, management meeting/interaction notes, plant visit notes, AGM takeaway notes, industry developments among others, all of which are notified real-time via email and SMS alerts.

Following are sample research reports of one of our older investments Tasty Bite Eatables - Read the Initiating Coverage Report and AGM Visit & Annual Report Dissection Note. In addition to regular company-specific updates, we have an exclusive video channel called 'SA Broadcast' under which every quarter our research head, Jatin Khemani, update the subscribers about all the stocks under coverage, markets in general and the way forward. See snippets from Q3FY19 episode of SA Broadcast

PRICING

Treasure Trove

Rs 20,000*/year 20% off with 3-year subscription

Testimonials

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About Us

We are a close knit team that works meticulously, led by
Jatin Khemani, Managing Partner & CIO

Jatin Khemani

Jatin has over ten years of experience in investment analysis and portfolio management. Prior to founding Stalwart Advisors in 2014, he was working with a Delhi-based family office as the head of research. He is a CFA (US) Charter holder, earned MBA in Finance from Christ University, Bangalore and graduation in commerce from Delhi University. Thanks to his admiration for Peter Lynch & Phillip Fisher, Jatin has over the years become proficient in Scuttlebutt; a primary research method to find out truth about a company or an industry.

On weekends he teaches finance to MBA students and is an active volunteer with The Art of Living since 2006, where he leads state level fund-raising campaigns.

Stalwart Advisors also has a board of advisors which includes veterans with decades of investing experience; each stock idea is meticulously discussed and brainstormed within this board before being added to buy list.