Kora Kagaz - Seshasayee Paper and Boards Ltd
Companies are exposed to risk and volatility and hence it is a fine art to develop and sustain an enterprise for more than two decades. In this context, it is an endeavour of mine to identify companies that can survive more than two decades and thrive by reducing their exposure to risk. Such comapnies often tend to grow slow and then grow fast. This article covers one such company that is publicly traded but is not owned by any mutual fund. This article is not an investment advice but an endeavour to learn more about this company and to learn about what makes this company a robust enterprise. The Enterprise: As mentioned before, none of the mutual funds have invested in this company and it could be because this ~Rs 1,800Cr market cap company with Rs1,337 cr in reserves (and no debt) is too small for the mutual fund industry. However, this 60 year old company is old enough to have seen multiple wars, draughts, financial and political crisis. Boring, is a wor...