Our Investment Approach

We have an absolute return orientation towards investing and focus on investing in quality businesses with superior economics run by a capable management team with integrity and passion. Our stock selection strategy is bottom-up and sector agnostic.

Our selection methodology focuses on proprietary research of companies that are well-managed and financially disciplined, with a strong growth potential that can be held for multiple years and traded at a reasonable valuation.

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Investment Process

At the core of our investment process lies our ability to identify good businesses and invest for the long term, focusing on wealth creation. We focus on investing in businesses which are scalable, predictable, and have consistent earnings across economic cycles. Our emphasis is on absolute returns rather than on relative market performance.


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Universe Population

Universe Population

A broad monitoring list is filtered on a number of quantitative and qualitative criteria. Some of the quantitative filters are return on capital, judicious leverage, free cash generation, etc. On the qualitative side, the filters used are management track record, competitive advantage and business opportunities.

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Screening

Screening

The universe is then screened to understand the business drivers and analyse historical financials. The process seeks to answer questions like: Is this is a good business? Is this business scalable and sustainable? Is this a profitable business and will it generate free cash flows? This process generates a focus list.

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Checklist

Checklist

A detailed investigation of the focus list allows us to arrive at an investible universe. This due diligence is driven by a comprehensive proprietary checklist that focuses on weeding out businesses that do not meet our stringent criteria. These criteria include position of the industry, position of the company within the industry, the operational and financial aspects of the business, a 5-year future road map and finally, arriving at a fair value estimate.

Size and achievability of opportunity, quality, profitability
Entry barriers, replicability, scalability, industry structure, technology
Integrity, ambition, interest of minority shareholders, adaptability
Caution against destructive capital allocation, focus on cash flows to shareholders
Potential to generate free cash, high return on incremental investments
TAMOHARA INVESTMENT MANAGERS PVT. LTD. IS A SEBI REGISTERED PORTFOLIO MANAGEMENT SERVICE PROVIDER, VIDE REGISTRATION NUMBER INP000004763 CIN No: U74999MH2014PTC258390
Contact us

Email: info@tamohara.net

Tel: +91-22-26305590

Address:

Tamohara Investment Managers Pvt. Ltd. 1402- Peninsula Park,
Off Veera Desai Road,
Andheri (W) Mumbai - 400053

Registered Office:

71-A,
Mittal Chambers, Nariman Point, Mumbai - 400021

SEBI registration number: INP000004763
RIA registration number: INA000013873
CIN: U74999MH2014PTC258390