The SOIC Podcast

In this episode of SOIC, we simplify the Profit & Loss Statement—from topline to margins, segmental profits, and peer comparisons. Learn how to read P&L like Peter Lynch and analyse fast-growing companies using real case studies. Plus, get insights on our upcoming SOIC Pune Event on 25th May and the power of AI in stock research. Perfect for retail investors & finance learners!

Ever felt lost in earnings season? This episode changes that. We simplify the Q4 FY25 results by breaking down market cycles, standout companies, and key trends—giving you a clear map of what's happening and what might come next. With relatable examples and clear takeaways, it's the kind of analysis you'll enjoy listening to.

Dear Viewer,Explore the "brave new world" of macroeconomics with global expert Mr. Ritesh Jain. This episode delves into the shifting global order, the diminishing role of the US dollar and the rise of gold. Learn why non-aligned countries like India are positioned to benefit, the return of asset-heavy investment themes, and the significant opportunities in electrification. Understand how global asset allocation and market structures are transforming in this period of fundamental change.We hope you'll enjoy this insightful conversation.

This episode delves into Cash Flow Statements, stressing they are the most important financial statement for investors – truly, Cash Flow is King. Learn why reported Profit can be misleading compared to actual cash in the till. We break down the three key components: Operations (CFO), Investing (CFI), and Financing (CFF). Discover how to analyze crucial ratios like CFO to Profit (PAT/EBITDA) to spot weak businesses or potential accounting issues. Understand Free Cash Flow (FCF) and how cash flow connects to the Balance Sheet and Income Statement. Finally, learn about industries where cash flow analysis is not applicable. Essential knowledge for any fundamental investor!

Unlock insights into the Indian Chemical Industry with expert Ajay Joshi. This podcast covers the industry structure, Bulk vs. Specialty chemicals, key trends (Import Substitution, Europe +1), Contract Manufacturing, identifying characteristics of good and bad chemical companies, and major risks and opportunities for investors. Learn how to find winners in this dynamic sector.

Join us as we host Siddhant Bhandari of Persistence Capital! We explore Warren Buffett's investing approach, dive into Indian consumer success stories like Radico and Varun Beverages, and analyze the remarkable journey of Indigo Airlines. We also discuss the power of 'rate of change' illustrated by the music industry (Saregama). Siddhant shares his perspectives on the large-cap vs. small-cap debate, contrasting sectors like IT and Banking with other opportunities, provides insights on global markets, and offers essential advice for young investors. Tune in for deep insights and fascinating case studies!

Facing market uncertainty? This episode explores the current "Fog of War" due to new tariffs and their impact on sectors like Chemicals, Seafood, IT, and Banking. We dive into key investment lessons from Warren Buffett, discuss finding opportunities using the "Rate of Change" model (with examples from Consumer, Airlines, and Music), and analyze the outlook for various sectors including a deep dive into Chemicals. Get insights on global markets and practical advice for young investors. Tune in!

Dive into the Indian IT sector. Facing recent underperformance and disappointing results, this discussion analyzes current valuations, explores different segments (Large Cap, Mid Cap, ER&D, Product Companies), reviews company guidance, and discusses AI's potential impact. Discover why the sector faces near-term uncertainty despite trading at higher valuations than pre-COVID times.

Is rising competition killing profitability? We analyze industries like paints, quick commerce, and the cables/wires sector, looking at Polycab & KEI. Learn how new players and capacity expansion impact profitability and stock valuations. High margins and valuations attract new entrants, leading to increased supply. This can result in margin pressure, lower industry Return on Capital Employed (ROCE), and a de-rating of stock valuations (lower PE ratios), even if earnings grow. Tracking the supply side is crucial for investors.

This analysis focuses on finding strong sectors and stocks showing relative strength during a bear market. Relative strength means performing better or falling less than the overall market index. Using scanning tools like Screener and SOIC StockScans helps identify these areas.Key sectors currently displaying strong relative strength include:Banks and Private Sector NBFCsHospitalsHotelsPharmaceuticals (including CDMO)Housing Finance CompaniesOther sectors showing some relative strength are certain Chemicals, Iron Ore/Metals, Fertilizers/Agrochemicals, and Cigarettes/Tobacco.

This episode provides a business analysis of Jio Finance, a corporate-backed NBFC spun off from Reliance Industries. It discusses Jio Finance's structure and diverse ventures in lending, payments, insurance, and asset management. The analysis explains the reasons behind the fall in Jio Finance's stock price, primarily highlighting that the company's core businesses are currently in a startup phase and have not yet scaled significantly, alongside the prevailing market conditions.

Analyzing PPFAS Mutual Fund's recent stock purchases: Mahindra & Mahindra, Narayana Hrudayalaya, and Coal India. We explore the probable reasons behind these additions by reverse engineering their potential investment theses, looking at factors like market leadership, growth prospects, cash flows, and valuations.

Analyze recent earnings calls for three interesting companies: Aarti Pharmalabs, Polycab, and Associated Alcohols. Discover Aarti Pharmalabs' fundamental earnings breakout quarter and margin expansion, Polycab's ambitious Project Spring and massive Capex targeting industry outperformance, and Associated Alcohols' breakout quarters driven by ethanol and future margin expansion from premium products. Understand key business drivers, expansion plans, margin outlook, and risks like competition and policy changes using the Business, Risk, Management framework. Unlock insights for informed investing.

Learn to navigate investing in a bear market: Analyse market history, valuations, technicals, earnings, and economic reality. Understand current market corrections (price vs. time) and valuations approaching past lows. Discover which sectors are showing recent strength (like Hospitals, Capital Goods, select Chemicals) and which are weak based on earnings. Get strategies tailored for different investors (holding cash, fully invested, beginners) and how to identify potential winners for the next market phase—essential analysis for investing during market corrections.

Is something wrong with KPIT, Tata Elxsi, and Tata Technologies? We analyse the current slowdown in these ER&D businesses, how they differ from IT services, and the impact of factors like auto sector challenges on their growth and margins. Understand the difference between ER&D and IT services and the effect of operating leverage. We look at the reasons behind the slowdown, including increased Chinese EV competition in Europe impacting the auto sector.

Master class on how to read quarterly earnings to find winning stock ideas. Learn to analyse company profit growth by becoming a "student of earnings". Dive into quarterly results, investor presentations, and conference calls. Discover key metrics, understand growth trends, and identify hidden insights from real case studies. See how the market reacts to results, expectations, and guidance. Utilize tools like Screener to find companies with strong performance. Master the art of interpreting results to spot potential winning stocks

Dear Investor, We hope this episode is educational for anyone who wish to study the SaaS Model from scratch!! And other concepts. 00:00 Intro: A Unique SaaS business 01:39 Theme - 1st Key Framework 09:27 Promoter - 2nd Key Framework 20:13 Growth - 3rd Key Framework 30:00 Valuations - 4th Key Framework 38:39 Risk Factors - 5th Key Framework 45:37 Learnings Summarised

Our second Top picks for 2025! We hope you like the episode and share your comments! 00:00 Intro: Pick the Best 01:14 Framework for Analysis 04:00 Risky at the moment? 09:19 Average Valuations 12:35 Mutual Fund 1 16:46 Mutual Fund 2 19:57 Mutual Fund 3 24:10 Mutual Fund 4 26:35 Pros & Cons 27:38 Passive Funds 30:10 What not to do? 31:59 Conclusion

The big money is not in the buying or selling, but in the waiting." – Charlie Munger In this video, Ishmohit shares his personal learnings from recent market movements and discusses thought-provoking ideas to help refine your investment framework. Together, we'll explore:

Happy Beginning for a year of compounding progress! Regards Team SOIC 00:00 Intro: 10 Themes in 2025 01:05 Theme 1 07:19 Theme 2 11:45 Theme 3 17:43 Theme 4 22:43 Theme 5 25:36 Theme 6 36:06 Theme 7 43:47 Theme 8 47:18 Theme 9 53:44 Theme 10 59:07 Learnings Concluded

We hope you like the processes covered for the books! Often demanded request by our tribe. 00:00 Introduction 00:51 Part 1 - Fundamentals 03:05 Part 2 - Technicals 05:08 Part 3 - Philosophy of Investing 07:47 Part 4 - Cycles 09:57 Part 5 - Mental Models 11:42 Part 6 - Risk Taking

Dear Listener, We're covering the fallen multibaggers for you and we hope this has value for you. 00:00 Intro: Importance of Valuations 04:06 Stock 1 13:01 Stock 2 17:45 Stock 3 24:26 Stock 4 27:49 Stock 5 30:17 Contribution by Earnings or PE? 34:06 Learnings Summed Up

Dear Investor, Join us in investigating stocks being bought by Smart Money holders!

Dear Listener, This work was highly demanded by the tribe, we hope it adds relief to your concerns! 00:00 Intro: Importance of Management Analysis 04:07 1st: Learn from the Management's Past 12:00 2nd: Resignation of Key Managerial Personnel 17:02 3rd: Promoter Shareholding or Skin in the Game 21:25 4th: Complicated Corporate Structure 28:37 5th: Companies that Misguide Investors 31:39 6th: Over Promotional CEO 33:31 7th: Regular Promoter Selling 35:32 8th: Management Profile & Background 40:45 9th: LinkedIn & Glassdoor 43:22 10th: CFO/EBITDA & CFO/PAT 45:15 Bonus Tip: P2P Analysis 47:17 Checklist Summary

Join in into this podcast to unravel the Sector that Standing Strong! We hope you find this episode meaningful. Team SOIC

Dear Investor, We hope you learn lots from this episode on Manufacturing Theme - 00:00 Intro: Complete Textile Value Chain Explained 11:45 Results Overview 13:54 Small Tech Textile Player 16:54 Established Tech Textile Player 18:41 Garment Manufacturers & Exporters 20:58 Home Textile Players 23:49 Asset Light Textile Player 28:07 Kids Apparel Manufacturers 29:07 Learnings from the Video

Dear Listener, We hope you enjoy this episode on Consumer Sector - 00:00 Intro: Consumption Trends 01:08 Hotel Sector 06:41 Jewellery Sector 10:31 Packaged Food & Processors 15:41 Other Consumer Businesses 18:56 Value Fashion 22:03 Rice Industry 26:36 Contract Manufacturer & Bottler 28:41 Learnings Summarised

Happy Diwali from Team SOIC! 00:00 Intro: Happy Diwali Themes 00:57 5 Themes Overview 02:45 Theme 1 12:55 Theme 2 17:24 Theme 3 20:59 Theme 4 24:02 Theme 5 28:14 Learnings Summarized

Dear Investor, Are you worried, nervous and anxious about the market crash? This is a must-listen podcast for you if you're thinking long-term and want to construct a strong, balanced portfolio over the next couple of years. Here's what you'll gain from this podcast: 1. Market Temperature – Insight into the market's current sentiment and factors influencing today's turbulence. 2. Identifying Froth and Under-valuation – Know which pockets of the market may be overheated and where undervaluation opportunities exist. 3. Nifty P/E Levels – Assess how current valuations stand and understand what makes certain levels attractive for potential entry points. 4. Strength and Weakness – Discover areas of strength that can provide portfolio stability and identify weaker spaces that may require caution. 5. Sector-wise Breakdown – A closer look at sectoral relative strengths and weaknesses, guiding your allocation decisions based on the bigger picture. This was an exclusive class for SOIC Membership subscribers. We are releasing it on Spotify for our wider audience as a duty towards Retail Investors. Our mission at SOIC is to equip you with valuable insights for sustainable growth and portfolio building, no matter the market's current swings. Stay informed, stay invested, and let's navigate these markets together. Happy Investing, Team SOIC

Dear Viewers, At SOIC, we believe in first principles. We like to break down things to the most basic form so that understanding them becomes a walk in the park. Today, we have with us Mr Digant Haria, he is an expert in Metals & Mining Sector. He will break down the perceived complex sector in such a way that even a 5 year old child can understand it easily. Hope you'll like the video and presentation. Regards

Dear Tribe Members, This podcast discusses three AI tools that help investors research fundamentally strong stocks, enhancing their investment analysis and decision-making.

Dear Tribe Members, this podcast provides a comprehensive analysis of the hidden beneficiaries of India's massive capital expenditure boom, focusing on the generator set industry. ⚡ Learn effective industry analysis techniques.

Dear Investors, We strive to bring you fresh insights and new opportunities regularly. In this video, we've uncovered an industry that is growing at an impressive 13-14% annually, outpacing the GDP growth of the country—the Integrated Facility Management Services (IFMS) industry. In this podcast, we explore: Industry Overview Growth rates across major players Analysis of 4 key listed companies Key risks to watch for P2P analysis for deeper insights Valuations across the industry Summarised learnings to guide your investment decisions We hope you enjoy discovering this high-growth sector as much as we enjoyed making this podcast for you!

Join us in this episode to learn the What, Why, When to play demergers. Chapters- Introduction All about Demergers 4 Ws to Assess & Case Studies More Special Situations & Checklist Learning in Conclusion

Dear listeners, Join us as we explore the next Sunrise Sector. Chapters- Intro Value Chain Analysis Govt Policies Key Players & Risk Factors Conclusion

Dear Tribe Members, Join us in this episode as we will cover 7 emerging themes for 2025. - Modern Day construction - Multiple players from Energy transmission - Financialisation of savings - Key to urban infra - Beneficiary of rising wealth - Travel industry - Consumption

Dear listeners, This episode covers the need of the hour for many investors through insightful analysis on- 1. Indian Balance Sheet and Economy 2. Sectors and Businesses Results 3. Do's & Don't in this market scenario 4. Conclusion

For today's podcast we'll read one of the most important documents about a Company i.e Credit Rating. Chapters- 1. What is Credit Rating? 2. Pros and Cons 3. Credit Rating of 5 Companies

In this episode we'll cover the 4 most interesting Concalls. 1. Small Cap Businesses 2. Different Sectors- a. Packaging b. Geospatial mapping c. Hotel d. Pharma

Dear Viewers, The world of investing can be tricky and confusing for anyone who isn't clear about the concepts. One of the most common pain point for all retail investors is the PE Ratio. We have taken this humongous task of explaining this simple ratio carrying a lot on conundrums in the most simplified way using case studies and examples. Hope you will like our effort of Decoding PE Ratios. Do listen to the podcast and presentation.

Tune into this podcast on the latest Qaurters results. The podcast will cover - 1. How to find companies beating expectations. 2. Analysis of strong results from multiple sectors. 3. Understanding PEAD (Post Earnings Announcement Drift) 4. Continuation of Strong earnings.

This episode will cover Mr. Vinay Ambekar's interview and discussion by SOIC. Topics- 1. Wealth creation journey. 2. Importance of seeing market cycles. 3. Multiple events witnessed. 4. Sector & Theme rotation. 5. Maintaining your own thought process.

Dear SOIC Viewers, Pharma is one of the most important sector in the stock market. In the past 2 decades, Indian Pharma Sector has come a long way. In this podcast we discuss the various parts of the value chain and explore the upcoming and fastest growing part in the value chain. Hope you will like the podcast analysis and presentation.

Dear SOIC Viewers, A sector that was the poster boy of Indian stock market from 2014 to 2021 is reeling under immense pressure lately. Yes, you guessed it right, we are talking about the Chemical Industry. In this video and presentation let's understand the current scenario in the chemical industry and dissect its value chain to get an idea about the pockets showing green shoots. Hope you will like the video analysis and presentation.

Dear SOIC Viewers, An investor must take learnings from their own and market's past to enhance their investing journey. Today's market scenario makes us curious as to what the future may behold for us. We cannot predict what is going to happen but surely we have the power to implement our learnings from the past. In this very important podcast we will learn about the 10 Ultimate Exit Frameworks that will do a perfect job in safeguarding your interests in the valuation rich stock markets. Hope you'll enjoy the podcast.

Banks and NBFCs contribute a major portion in the headlines indexes. However, in the past 5 years we have witnessed a major underperformance from the banks in private space vs the banks in PSU space. In this video we will analyse the reasons for this underperformance and will try to crystal gaze into the future where there may be a scenario for the private banks to outperform the PSU banks. Hope you like this detailed and analytical video and presentation on Private Banks vs PSU Banks.

PM Modi lead govt has been on the forefront of making Indian Defence indigenous. This has given a huge impetus to Indian Defence sector and it has seen no turning back ever since. However, as investors we need assess the risk and opportunity with the same lens. In this video we take a deeper look at the current scenario and where this promising sector is standing right now with respect to valuations and psychology. Hope you'll like the podcast and the presentation.

Murugappa Group has created enormous wealth through various listed entities. Today, we take a look at another business from their stable. There is something special in the analysis of this business which most people miss out on. Whereas it drives the bulk of valuations in this business. Hope you'll like this video and presentation.

NDA 3.0 is back and with it comes a fresh push towards the Rural Economy of India. In this video we take a detailed look at the sectors and pockets of economy where we can see the thrust going forward. We hope you like the podcast and presentation.

Yet another results season has come to an end. Q4FY24 was a very interesting period for Stock Markets and Businesses in India. The overhang of General Elections and how various businesses and sectors fared. Let's dive in and unfold the Results page by page. Hope you'll like the video and presentation.