At Alchemy, our investment process combines intellectual freedom in ideation but ruthless discipline in execution. The key steps include

Idea Generation
Identifying sustainable growth themes/opportunities.

Company/ Management Meet
Meet with senior/middle management to better understand the dynamics of the business. We look for companies with huge addressable opportunity, sustainable competitive advantages, scalability plus operating leverage in those businesses and high quality management.

In-depth Financial Analysis & Valuation
Undertake in-depth financial analysis of the company, building a financial model, forecasts and valuation.

Qualitative Feedback
Collect qualitative feedback of the company / promoters / management from trade / industry / banking channels

Regular review
Comprehensive review of every company every quarter. Overall portfolio reviewed every month or earlier, in case of any adverse circumstances. Review covers reaffirmation of expectations from the stock, company meetings, corporate developments, results, change in industry fundamentals, etc. during the review period.

Exit Strategy
Set target prices for each stock in the portfolio and continuously review. Exit stocks when overvalued or when the risk-return is not in the investor’s favour.

• Strong reliance on in-house research
• Leveraging the fund management teams’ extensive network of corporate and business contacts which have been built over the last 15 years. This network of business relationships help in picking up business trends early and also helps in creating a “reality check”