Supported by robust processes and a passionate team, we at TBNG Capital Advisors initiated an Equity Advisory Division for our esteemed existing and potential clients. Some of the things we look into while entering a particular company are.

COMPANIES WITH HIGH RETURN ON EQUITY & HIGH RETURN ON CAPITAL EMPLOYED

High Return on Equity and High Return on Capital Employed are two of the most accurate indicators of ‘an organizations and its management’s efficiency. It implies how well the management is using its equity as well as debt to create stakeholder value and profits for the entire company. At TBNG we believe that high ROE and ROCE are not filters or a criteria to attract you to organizations . Infact, they are pre-requisites of good companies with dynamic managements.

COMPANIES WITH CONSISTENT OPERATING & FREE CASH FLOWS

Companies quality of earnings can be found out only by their organic cash flows. When the earnings are actually being backed by the cash flows, that s when we can infer that the company is actually performing well instead of it just being an accounting gimmick. Consistent operating and free Cash Flows form part of our hygiene checks to measure the quality of the company s accounts and fundamentals.

COMPANIES HAVING LOW NET DEBT OR CLOSE TO ZERO DEBT

The Emotional Cost of Debt along with the pressure that the debt generates on the company s cash flow cannot be understated. Investing in companies is sometimes just like investing in other tangible assets and people. We want to make sure that those assets are not leveraged and they create as much value as possible for us with minimum costs.

GROWTH LED BY VOLUME IMPROVEMENT AND ORGANIC REASONS

One time earnings and incomes, just as they are called, come with an expiry date. When we are investing in a company for life, we want to make sure that the growth is led by organic improvement. Tactical calls to take advantage of these side incomes may or may not do well. But strategic, long term calls which bet on company s consistent volume growth year on year and improvement in its core business is needless to say, bound to do well.

MANAGEMENTS WHICH ARE FOCUSED ON THE BIG PICTURE OVER THE NEXT 10 YEARS

Dynamic yet realistic managements with focus on big picture is what we look for .Managements who delivers results and shareholder value can be evaluated on a qualitative as well as quantitative basis. At TBNG we have created processes to measure the management s performances on a consistent basis.

STRONG COMPETITIVE ADVANTAGE IN A GROWING INDUSTRY WITH MINIMUM GOVERNMENT INTERVENTION AND BACKING

Most of the high quality companies perform better over their peers because of their unique competitive advantage be it in the quality of their products, their pricing power, strong distribution network or monopoly in the market. Finding these advantages is our focus and strength. Companies will generate positive returns long term when they have these advantages and when they are in an industry which has a potential to grow manifold.

OUR FOCUS: YOUR WEALTH CREATION

At TBNG, we believe that investing in businesses with strong structural business model is more important than investing in businessmen .Our philosophy is supported by strong data driven techniques complemented by our team experience in investing in good businesses. Investing mindset is what we imbibe in our every day operations and that is what we insist on with all our clients against trading mentality. Also, we believe in an approach which involves behaving as per our goals and aspirations against the dreams being sold by the ever changing market and irrational exuberance .Wealth creation is about consistent investing in the right people and right businesses and we think no differently. Equities have been the outperforming asset class compared to other assets ,but at the same time they have been the riskier of all the asset classes as well .However ,we believe ,that like in life , understanding what we are doing and working and investing towards our goals is what brings us sustained success. Processes, Philosophy and Trust – these are the cornerstones of our business and we believe these pillars will be the drivers for our clients success ”

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