My short list of investable companies [Indian Markets]

Last week I wrote about the framework I'm using right now to find companies.

To recap-

I'm using Ashwath Damodaran, Wall Street's "Dean of Valuation", method for classifying companies.

The categories are:

Bargain Basement:

These are companies which took a massive hit in the last few weeks, has low debt and scalable business model.

Safety at Reasonable Price:

These are businesses that are trading at a reasonable valuation, have a large market cap, low debt, and had high-profit margins pre-virus world. My 8-80 list would live under this category.

Distressed Equity:

These are companies which took a massive hit in the past few weeks, have high debt and high operating leverage.

Change Agents:

These are high growth newer companies who took a huge hit but have scalable business models.

Here are some of the companies in Indian markets that fit the categories:

Bargain Basement:
Aurobindo Pharma
Bharti Infra.
Sun TV
Ashok Leyland

Safety at Reasonable Price:
Godrej Consumer
Britannia Industries
Asian Paints
Tata Elxsi
Eicher Motors Ltd

Change Agents:
Kaveri Seeds
Reliance Industries

Kaveri Seeds
Edelweiss Financial Services Ltd.
Piramal Enterprises

As you can see, I don't have distressed equity but instead another category, "Guru."
This category contains companies that one of my gurus are invested in or have recently initiated a position.
My conviction for Indian companies is lower than US companies for two reasons:
1. I follow US companies more than Indian companies
2. It's difficult to trust the financial documents reported by most Indian companies.

I might write up some reports for some of the above-mentioned companies in the next few days.
If you have suggestions, shoot me an email!