Last year I wrote on Suven Life Sciences, also I did some secondary level maths to get a sense of returns an investor could get buying the business at then market cap (~ 2000 INR Crores or 400 Million USD) and exiting
in 2024 See Snap shot below The base
case CAGR didn't excite but reading management
commentary compelled me to take a tracking position
in model portfolio Over to this year One thing
in AR gave me a Jeff Bezos moment For the first time management was sounding optimistic (this is coming from a management which is very conservative on
record) Emphasis mine Management views on past Despite having grown the business every single year across the last five years, our business sustainability has been consistently questioned.