Viraj Mehta
@virajmehta16
Followers
16,571
Following
578
Media
55
Statuses
2,047
Entrepreneur. B+ve in case you need blood. Can talk equities till cows come home. Father of an amazing daughter.
Joined July 2013
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
#Mステ
• 422322 Tweets
#Mステ
• 422322 Tweets
#23point5EP11
• 275728 Tweets
CHASING THE SUN
• 207751 Tweets
Scottie
• 127909 Tweets
Crockett
• 85074 Tweets
Tiger
• 78989 Tweets
#ใจพิสุทธิ์ep2
• 71182 Tweets
Valhalla
• 47431 Tweets
#のらりクラり呑もうの会
• 47275 Tweets
デザフェス
• 40026 Tweets
Louisville
• 37679 Tweets
紫耀くん
• 34328 Tweets
ジュラシックワールド
• 24901 Tweets
#ساعه_استجابه
• 24171 Tweets
billie
• 18696 Tweets
トップバッター
• 15810 Tweets
Mリーグ
• 14365 Tweets
Go City Go
• 13377 Tweets
マイケル
• 12189 Tweets
Tabilo
• 11666 Tweets
NEW hair
• 11614 Tweets
LMPD
• 11153 Tweets
西洸人くん
• 11139 Tweets
大倉くん
• 10338 Tweets
Last Seen Profiles
Every half decent movie on
@PrimeVideo
is on rent. Nothing worth watching is included with prime membership. Why exactly r we paying 1500 for?
478
655
6K
NRI relatives returning to India after a decade still think we are a dump yard. I dono whether I feel angry or pity them. They have no clue how far we have come. My city is far safer than a lot of US cities with far better opportunity for life and growth.
331
462
5K
Vietnam is the new thailand..mass affordable tours with direct flights and good value for money..We losing out to south east asian counties due to high real estate prices leading to such inflated hotel rentals..Cheaper to go to Bali/Hanoi than Goa..Strange..Solution?
146
152
2K
Absolute crazy spending by Gujarat people this Navratri. Garba will 2k passes are having 3-5k people. Food stalls have line even at 3 am. All roads have traffic jams after 9:30 pm. All traditional dress shops having all time high sales. Outstanding Navratri. Bigger than Diwali.
51
83
1K
Got 4% of my clients calling us today. Not 1 call of panic. Everyone asked if they can top up. Most of them did. Not much. 2-3% of current AUM. I am probably a lucky asset manager having amazing set of people who have trusted us.
28
10
777
Software market is so hot that I am getting 4-5 mails a day for IT jobs from Naukri for a CV I posted in 06-07 and never updated. Best part is I had never worked in IT. I am a chemical engineer (not IT). I was not even in Bangalore then. I was in Baroda. Some market.
25
19
633
@deepakgreat
@PrimeVideo
Because you get upfront platform fees. Anyways most good movies even old 2000-2020 are only on rent.
5
3
505
I am seeing 12-14 year olds doing equity research in last year or so. I am a little perplexed. It’s great they are starting early. Buffett and bull market combination. But Shouldn’t they be exploring everything like maths physics sports commerce before kind of making a call?
56
13
455
Whether is salary payment day, advance tax payment day or diwali bonus payment day. 1 thing is sure.
@HDFC_Bank
net banking will be down. So so awful. Worse than a PSU. This shall reflect in shareholder wealth soon.
57
24
438
US with 5 lakhs cases a day is having absolutely no restrictions. There is data to suggest we shouldn’t crush the economy. But we have started again. The ad hoc restrictions are absolutely terrible.
17
52
415
A client has haggled with us for last 15 months for 0.5% lower fees. We didn’t take money. Lost on more than 150% due to that 0.5%. Why so much focus on fees and not on product? 75% time spend on fees and not on product. I am just lost for words.
49
25
409
An organisation waits for 3 months for a new joinee. Books ticket & hotels etc. Employee on the day of boarding the flight becomes incommunicado. Crazy. How do you deal with this?
225
17
393
What is the point of Indian journalist travelling to Davos and interviewing Indians there. In freezing cold. They could do just that in pleasant Mumbai/Delhi. Strange
40
8
388
This is a ticking time bomb. This will surely bankrupt the country. 2% of the population putting the whole system at risk. Can’t just get this kind of pandering. Absolutely crazy.
30
79
369
Extremely pleased to announce that Equirus Long Horizon Fund crossed 300 cr AUM today. Seems a long way from 3 cr we started in Oct 2016. Thanks a lot for your support. Proud of the team we have built at Equirus.
@EquirusGroup
@Equiruswealth
53
6
374
The most satisfying feeling as an investor is after making 0% in 3 years and to make a 4 bagger in the 4th year. Probably not optimal from return perspective but amazing from conviction perspective. Gives courage to repeat the same process. Can built large position and wealth.
16
14
354
Total day light robbery. Minority shareholders being asked to accept price at 40% discount IPO price and 25% lower than Friday price in exchange for shares is just appalling. This is when promoters take cash as exit. Amazing corporate governance.
25
24
318
Extremely intimidating and blinding white lights used by a lot of high end SUV’s and Sedans. Are these regular of part of accessories. Are they even legal? Or more like tainted glass windows. These are dangerous lights used more for intimidation.
44
35
305
Only in stock market you get the company making defence submarine at a lower EV than small defence components manufacturer. Absolutely shocking. The money bid for the new defence IPO was higher than entire listed defence space.😰😰
13
18
301
Who says corporate governance is only in top 100 companies. A small company with mcap of 550 cr just announced a 200 cr dividend. Total pay out 294 cr over last 4 years. MCAP was less than 300 cr for 5 years except just this year. Well done guys. Good advertisement for small caps
32
19
299
Not a result season for the faint hearted.
Outperformace= Stock down 2%
Inline=Stock down 5%
Underperformance: Stock down 10-15%
Most interesting is Large Outperformance:Stock down 10% as investors think this is one off.
12
24
294
Golden rule of money management
10% of clients create 90% pain value. I think we have been far more happier letting them go. Focus is on money management rather than formatting/presentation/reports etc etc.
9
17
289
Whenever I have felt I should upgrade my car, market reminds me that portfolio value is all notional and I shall take it away. 2018, 2020 and now 2022. And I drive the same old same old. Wonder what should I do next time I have the same feeling?
53
7
251
Why would any entrepreneur in the right mind put up a steel/cement/refinery/oil exploration plant in this country. Policy changes at a drop of a hat. I feel lucky sometimes that as investors we have choice. Can sell shares and be done with it (worst case). What about promoters?
25
33
239
Self made success is what my little brother epitomises. Gold medalist orthodontist in India. Couldn’t go to US as we couldn’t afford then. Send him as soon as we had some money. Top of class in USC and finally starting his own hospital in US. Feel like a proud father.
13
5
245
Big shoutout to Eklavya School ahmedabad. When most high ranked schools turn down a slightly differently abled kid, these guys r amazing. Teachers put in hours after school everyday to maximise the potential of the kid. Every day. They make you do the same. 🙇🙇🙇
8
14
240
Last year client withdrew money to pay home loan. He is finding it impossible to put money back to work. Now different client asking whether to draw down more money from home loan to put in equities. Cycle of fear and greed continues.
7
11
225
Just when you think you have seen everything..One investor comes on a call and says "Lets have 20 sec silence to mourn the death of timely material disclosures to the stock exchanges". There was actual 20 sec silence. Man investors r becoming braver..Kudos to the guy..👏👏👏
17
19
218
My father came to my school once in 15 years. I am going for the 4th Colab (PTA) and my daughter is 3 and she has another 15 years in that school. I am counting my visits.
30
2
212
Absolutely amazing to see that company which has cumulatively not made 50 cr PAT in its lifetime committing to Capex’s of 100’s of cr in several state sponsored events. Market is readily appreciating such stocks by 10-50%. These mostly remain only on paper. 1/n
8
10
213
Note to Self: Most of the big multi baggers found in 2009-2020 markets were the micro caps listed in mid 90s. Most delisted over time but some honest guys with super businesses bacame 1000-10000 baggers. Same will happen the SME's listed in this market over next 10 years.
5
17
202
Harsha Bhogle yesterday post stumps: if India wins tomorrow: "just leave whatever you are doing and run in the streets"
4
3
190
How is Anderson allowed to bowl like this at 40 years. Been at it for more than 20 years. 177 tests for a fast bowler. Closing in on 700 wickets. This has to be some sort of a freak. Mind boggling.
13
5
183
A cricketer who was banned for spot fixing is talking about spirit of cricket. Next I need to give batting lessons to Virat Kohli.
😃😃
We can see it clearly there is no intention of bowling the ball, she is looking towards non striker batter to cheat him.
This is very unfair & terrible act worst spirit 🙏
#mankading
#mankad
#Cheater
#INDvsENG
6K
2K
18K
11
10
170
Don’t listen to anyone who tells you this is a mild flu. It is so not. It’s body ache equal to boxing match. Temperature equal to malaria. And high headache.
14
6
166
A little luck and a couple of good decisions in life is all you need.
7
19
166
I have a seperate demat account having 1 share each of companies I might ever want to attend AGM's of. This was created just for AGM's..And this is not very old portoflio..only 7 years old..Some interesting outcomes..
9
6
165
As my friend dhwanil puts it..Investors can sell and get out (at a loss ofcourse) but think about promoters..You put 20 years to built a business and its all gone with a stroke of a pen. It is all so fickle. Being an entrepreneur is so so tough.
19
13
160
QSR is not easy. Looks easy only on excel. For eg Dominos 14 stores in ahmedabad. Present here for ages. Lapino, Lamilano and London yard are 85 stores in ahmedabad. All 3 came and conquered in last 5 years. Local entrepreneurs are alive and kicking.
11
13
154
Got 2 tickets of IPL final. That got me in a big fight with my wife. I knew my wife would never come in this heat and humidity to watch a cricket match. Her only problem is why did I not ask her to join me and asked my friend? Not that she wants to come. Why didn’t I ask? 😢😢😢
52
5
154
If there is one evening in the year that I can catch and put it in a bottle and relive again and again then it has to be uttrayan evenings. 30 people flying kite from 1000 sqft terrace. Loads of food and music. There is no better evening for me in a year. Ahmedabad beats all.
12
7
151
@itsAdityaS
@PrimeVideo
Hmm..this seems good idea to begin with but creates more dissatisfaction ? Also it’s painful to pay from app for small things
3
0
148
My kid is having annual day in pre k. Most parents here are more excited than I was during my only graduation day in MBA. No one even cared to go in engineering graduation. Am I the only one who thinks this is absolutely over the top.
22
2
148
20 cr pat for 9 months. At one point mcap was 90k cr. Even now mcap is 42k cr. Wow. Just wow.
18
4
148
Extremely happy to get the recognition as be one of the best PMS in the country over 3 years. Thanks a lot for your support.
@pms_aif
@EquirusGroup
@Equiruswealth
23
4
136
How about making country better so that people don’t leave. Stick doesn’t always work. Carrot does. Penalising people just because they want to make a choice is bizzare. I stay here because I see opportunity here. If I decide to leave 10k USD is not gonna deter me. Strange.
How about a $10,000 fees for surrendering Indian citizenship?
Put their Pan, Aadhar on hold.
75
10
130
12
9
135
AGM season is about to start..this will be 1 more year where most of the AGM’s will be online and a farce..I miss my travelling life and meeting companies. Miss seeing manufacturing plants. 1/n
8
3
132
@jatin_khemani
@IIC_Conference
well done mate.
📢 Pleased to share that all the 13 sessions of IIC 2021 have been released on the dashboard. Happy binge-watching:
5
2
29
8
13
132
Amazing we r giving exits to PE’s and MNC’s at a premium to CMP where the current CMP is also at some crazy multiple with growth slowing at alarming pace. I would really like to understand the thesis sometimes. 🤯🤯
9
11
128
Stocks we own may or may not go up. But stocks we sold (due to our sheer lack of patience) definitely go up. Our thesis was right (in most cases) but we couldn’t wait beyond 8-10 quarters. One such stock is 6x after we sold it exactly 3 years back. Ouch.
13
8
126
I am just surprised at this kind of spending propensity. Specially with this kind of inflation. I guess it’s a lot of pent up demand. Who knows.
8
6
126
I started playing squash a week back. I have not had a more sore body ever. I have played multiple sports at state level (losing ofcourse) but never felt this exhausted in 30 minutes ever.
27
1
127
Our latest letter. We talk about one of our portfolio companies.
10
21
123
Was having a discussion about luck with a friend. Just a small gist of it.
14
3
121
The low float high PE game in MNC's is getting over quick. With cost of debt becoming higher globably MNC's will sell stake in listed subs in India where we r gullible to give obscene PE. US/EU shareholder will win. Will be left holding a bag at 80 PE. A decade of low returns..
8
13
121
Company doing IPO few months back buying back stock from market 20-25% premium. Either it is signalling taught by bankers or business tailwinds have gotten stronger dramatically. Don’t know how to read this one.
22
1
115
So what exactly is adjusted ebitda?
My returns are the highest in the industry adjusted for 3 stocks where I lost money. Slow claps..
5
7
114
Humbled and happy to have received 5 star rating by PMSBazaar powered by CRISIL for our Fund. 🙏🏽
@EquirusGroup
@PmsBazaar
@CRISILLimited
15
7
114
The most difficult question to answer for me to existing or potential investors is: How much money to put in small caps? What should be my asset allocation strategy? Problem is I have made my money only 1 way: Small cap Equities. Over 10 years now. Everything in the fund. 🤔🤔
6
3
109
A mothers obsession with child’s food is just another level. Someone needs to tell her that having smaller portions during travelling is ok. No one will lose weight. God help the child.
P.S: I tell twitter what I can’t tell my better half.
11
1
104
Our latest letter. We are optimistic about certain survivors in the sectors which have been in downtown for a decade. Also a little excerpt from the book “Capital returns”.
3
11
103
One question I have struggled with in investing.
Is being early as good as being wrong?
P.S: Our PMS is generally always early.
47
3
106
Amazing that an MNC chemicals company spends 100 cr on communication and 4 cr on R&D. I guess they haven’t heard about JIO or are using satellite phones. What crappy governance.
10
3
107
Amazing that a company just turning profitable (before i dono which other costs) after so many years of existence is celebrated like we have reached mars. So many entreprenuers do that that every day. Just dont make right noises I guess.
12
6
105
My silent prayer to god today. Pls give me the confidence of the Ibanker who was able to command and sell the mamaearth IPO at these valuations to some seriously good investors. Specially after last year experience. Selling D2C as Tech is an ART.
10
5
106
Maximum money is generally made from the point of maximum pessimism. Easy to say and hard to follow. Problem is nothing might happen for 8-12 quarters after that. How to keep faith even then? Have sold companies which have become 6-8x in short time. Hard not to feel stupid..
4
6
104
Why would any promoter getting dividend/salary greater than 5 cr pay any dividends? He would take max salary and do any kind of related party transactions to take this money out.
@EquirusGroup
7
7
102
Its become extremely convinient for small companies to do AGM on VC and avoid answering any questions..With almost no restrictions now anywhere why are physical AGM's not a requirement this year? How is it that Covid only spreads in AGM's? Rest everything is working.
9
3
101
From not qualifying to the World Cup in 2018 to winning the Euros in 3 years time with roughly the same squad. Special effort. 🇮🇹
0
5
102
Raising money at a fancy PE on abnormally high margins to fund future growth. Brilliant strategy to create wealth for existing shareholders. Protects downside for sure for existing guys. Not sure for new guys though. Much better than promoter selling in the market.
3
1
100
Every time I move flats I realise the pleasure of owning a place. Somethings just can’t be quantified. Even though it makes no economic sense.
7
5
99
I find it a little hilarious and disrespectful when a lot of experts feel retail money is dumb. I don’t think that’s a good assumption.
14
5
101
Hate people who ask round about consulting questions on normal analyst calls. Giving global gyan to 100 cr sales company. Such show offs man. Such a put off.
4
5
98
Finally an in person offsite. Whole team together after 2 years. Brilliant stay at Aurika Udaipur. Great resort with outstanding people.
@EquirusGroup
@Equiruswealth
2
3
96
I give extra marks in evaluation to companies who have no subsidiaries and whose MDA in annual report finishes in 2 pages max.
11
6
99
One trick which has always worked for me is never be afraid to ask. Still remember straight after college (2009) wrote to 15 alums in investment management industry. Only 1 replied. Didn’t have job but have great advice. Still my mentor. Today manages few Bn usd but always there.
4
1
96
Proud to say we complete 6 years today at Equirus Long horizon funds. Seems like yesterday. Wouldnt have been possible for us to scale up sitting in Ahmedabad without the support from our investors and my team. A lot of gratitude to entire
@EquirusGroup
&
@ajay_equirus
.
18
4
97
Basically you get a direct flight connections to top 8-10 cities and cheap hotels with clean environment and then see the power of indian consumer.
3
4
97
We at Equirus PMS are looking to expand our team and hire an analyst. Sector agnostic. 2-5 year work ex would help. Pls mail your best work to viraj.mehta
@equirus
.com. Location: Ahmedabad
We areone of the fastest growing and the best performing PMS in the country over 3 years.
4
20
91
We talk about the role of luck in investing. Also at best we can position ourselves to be lucky.
@EquirusGroup
@Equiruswealth
3
19
93
Amazing how people change perpective. Last year 1Q, it was covid lockdown. All degrowth due to it. This year almost every company only talks about YOY growth. 🤐🤐. Why is it not ok to say we didnt do well?
6
5
94
Met a family friend yesterday. He has given money to PMS (non registered). They only give me 10% per month. They invest only in stocks which go up (How I wish I was that smart). Now he is asking can he get any better PMS? 🤯🤯 🤯
23
2
88
Breaking an iPhone screen is more expensive than buying a new phone from Oneplus or Xiaomi.
12
3
89
The only reason Rahane and Pujara keep getting chances is due to bumrah, Shami and ashwin. However pathetic our batting, our bowling wins us the matches and series. I mean anyone averaging under 25 for 3 years can’t be playing for team India for sure.
5
4
86
Unbelievale the amount of of people asking "Why is India nest 52 week high when US at 52 week low". Absolutely none of them were asking the opposite question when nasdaq went beserk for 8 years. Just a perspective. No view.
5
10
86
I still don’t get this quarter review thing. Kya farak padta hain. Result ke saath dedo. 20-30 days max difference. What’s the big deal? I just hope companies don’t move to monthly reporting like auto companies.
9
7
81
Seems half my twitter timeline owns Laurus labs or I follow too many investors only..
8
1
82
Difference in intent is so so apparent. You cant win t20 the old way by hitting only last 5 overs. Its not the ability only. Intent is the key. The fear of failure just seems very high in our team. They refuse to hit out except last 5 overs.
15
8
80
Last time I saw such spreads micro caps was in 2012-13. In a lot of companies below 500 cr mcap the spreads are like 5%. Buying or selling of few thousand shares will have an impact cost of 10% atleast each side.
6
10
80
I don’t get crypto. But people with equity portfolios mocking crypto is absolutely beyond me. Most people like me have absolutely no understanding of this new tech. Not having an opinion should be ok I guess.
6
3
78
A big shoutout to
@Jatin_Khemani
@Stalwartsadvise
for standing out in stock advisory business ethically inspite of a lot of challenges.
4
5
78
A new key learning. Never buy a stock based on proffesional management who have handful of options. Specially in a small company of less than 2000 cr. They leave on drop of a hat putting a lot of capital in the strategy. Thankfully this time learning from sidelines for me. Phew.
4
3
76
There is a little discrepancy in the market. I am not trying to take a side but some thing is broken. Something doesn’t make sense. Steel/oil extraction guys trading at 3-5 PE as market believes that these prices and margins are not sustainable.
5
2
74
As we tell all our investors:
Think of us over 5 years or don’t think of investing with us at all.
Delighted to announce that
#Equirus
Long Horizon Fund has been ranked No 1 across all categories, among the Best PMS on 5 Year Performance by
#PMS
AIF WORLD.
@virajmehta16
Connect with us to know more about Equirus PMS,
📧: pmsops
@equirus
.com
📞: 079-6190-9595
#Award
0
3
21
13
3
76
Dilute stock at 90 PE. Buy a company for 50 PE. This deal is EPS accretive. 😅😅
6
2
74
Pls check the mutual fund holding of 20 small cap MF. 18/20 have chemicals as top 2 allocation. Some have chem/pharma as 30% allocation. Small sector being chased with large money. This can’t end well.
5
8
72