The Writing Room

We aim to keep our investors up to date with regular written pieces that discuss our portfolios and our views on the opportunity-set whilst using the exercise to clarify our thoughts.

Writing Room

A note from the Managing Director of Ocean Dial

David Cornell

Although participating in Indian equities is a true test of the nerves, this is a thrilling a time for investors to be exposed to the world’s largest democracy.

September 2021

House of Ocean Dial Series – HOODstock: Welspun India

Gaurav Narain

This note continues Gaurav’s exploration of industry leaders within the India Capital Growth Fund portfolio, turning his attention to Welspun India, a textiles company with a market cap of US$1bn. With a strong market share in the US and new opportunities in the domestic market, this note examines Welspun’s exciting growth trajectory and how it is making a name for itself as an ESG pioneer in India.

June 2021

House of Ocean Dial Series – HOODstock: Kajaria Ceramics

Gaurav Narain

Picture the multiple challenges that are faced when a family wants to tile their kitchen or bathroom in India. As a customer, the buying experience can be an infuriating challenge. Successfully navigating a sector where 55% of the market operates in the informal sector where tax evasion, price cutting, and poor customer service are the norm is no picnic.

March 2021