Top Indian Stocks Held By GQG Partners: GQG Partners is a group of highly skilled and perceptive investment professionals from various nations, cultures, and backgrounds who are all dedicated to safeguarding and enhancing investments. The company uses its Research Mosaic, or what they refer to as “Forward-Looking Quality,” to identify high-quality businesses.

GQG’s investment team uses a thorough and unrestricted approach to equity research, building portfolios that are different from their respective benchmarks to concentrate on distinctive business aspects like revenue stream diversity and disruption risk. Here are the top 5 Indian stocks owned by GQG Partners:

Top Indian Stocks Held By GQG Partners #1 – Adani Power

CMP375.7Market Cap (Cr.)1,48,935.7
EPS (TTM)38.13Stock P/E (TTM)10.13
GQG Holding8.1%Dividend Yield0.00%
Qty Held15.21 CrDebt to Equity1.41
Holding Value9,123.456 CrPrice to Book Value8.1
Operating Profit Margin25.9%Net Profit Margin27.7%

Adani Power Limited (Adani Power) was set up as a power trading corporation back in 1996. Since then, it has grown organically and inorganically into India’s largest private thermal power producer. As the name suggests, it is a part of the Gautam Adani-led diversified Adani Group.

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In 2006, it erected its first power-generating facility. Today, Adani Power has four coal plants with a combined capacity of 13,610 MW in Gujarat, Maharashtra, Karnataka, and Rajasthan.  It also owns a 40 MW solar power facility in Gujarat. It currently has 5 additional plants under construction.

Adani Power has experience sourcing and managing the logistics of 60 MMT coal and 13 MMT fly ash, which involves handling more than 14,500 rakes annually at multiple points.

Several Adani Power facilities benefit from favorable geographic conditions, making it simpler for them to access fuel and market connectivity. Through long-term fuel supply agreements with coal companies, it is guaranteed to meet its  approx. 73% domestic coal requirements.

In FY23, the company’s revenue grew 40% YoY, from Rs. 27,711 crore to Rs. 38,773 crore. Net Profits saw growth of 118% YoY from Rs. 4,912 crore to Rs. 10,727 crore. Net margins during the period expanded 1000 bps.  

Top Indian Stocks Held By GQG Partners #2 – Adani Green Energy

CMP989.1Market Cap (Cr.)1,59,282.4
EPS (TTM)6.83Stock P/E (TTM)147.21
GQG Holding6.54%Dividend Yield0.00%
Qty Held10.6 CrDebt to Equity9.23
Holding Value10,178.783 CrPrice to Book Value25.89
Operating Profit Margin63.3%Net Profit Margin12.5%

Adani Green Energy Ltd. (Adani Green) is one of the largest green energy companies in India. Part of the edible oil to ports conglomerate Adani Group, it has a project portfolio of 20,434 MW.

The company establishes, owns, and operates large-scale grid-connected solar and wind energy farms. The electricity produced from these plants is supplied to central and state government institutions for usage and distribution. 

Adani Green presently has a portfolio of 54 operational projects across 12 Indian states. Further, Adani Green has a total of 200,000 acres of land in Rajasthan and Gujarat and also operates the world’s largest solar power plant in Kamuthi, Tamil Nadu located at a single location of 2,340 acres. 

In FY23, the company’s revenue grew 52% YoY, from Rs. 5,133 crore to Rs. 7,792 crore. Net Profits saw growth of 99% YoY from Rs. 489 crore to Rs. 973 crore. Net margins during the period expanded 300 bps.  

Top Indian Stocks Held By GQG Partners #3 – Patanjali Foods

CMP1,288.05Market Cap (Cr.)46,731.73
EPS (TTM)20.25Stock P/E (TTM)63.76
GQG Holding5.96%Dividend Yield0.52%
Qty Held2.16 CrDebt to Equity0.76
Holding Value2,786.136 CrPrice to Book Value4.7
Operating Profit Margin6.2%Net Profit Margin3.3%

Patanjali Foods Ltd (Patanjali) engages in processing oil seeds and refining crude oil for edible use in India. The company also has Food & FMCG as well as Wind Power Generation operations.

FMCG segment comprises 8 Categories – 242 Products in 536 SKUs offering products like ghee, spices, dry fruits, snacks such as biscuits, breakfast cereals, soy protein etc., The company generates wind power through its windmill farms at 11 locations with an aggregate capacity of 85 MW.  

The company has strategically placed manufacturing facilities comprising 19 processing plants and access to another 43 contract manufacturing units, present across the entire value chain in palm and soya segment, with a healthy mix of upstream and downstream business. Patanjali also offers nutraceuticals comprising sports, medical and general nutrition products. 

In FY23, the company’s revenue grew from Rs. 24,205 crore to Rs 31,524 crore. Net Profits also grew from Rs. 806 crore to Rs. 886 crore. Net margins during the period declined 85 bps.  

Top Indian Stocks Held By GQG Partners #4 – Adani Enterprises 

CMP2,518.9Market Cap (Cr.)2,88,631.2
EPS (TTM)23.49Stock P/E (TTM)107.8
GQG Holding5.4%Dividend Yield0.07%
Qty Held77.125 CrDebt to Equity1.16
Holding Value1,94,026.83 CrPrice to Book Value8.55
Operating Profit Margin6.5%Net Profit Margin1.6%

The Adani Group’s flagship business is Adani Enterprises Ltd. (Adani Enterprises). First-generation billionaire and founder Gautam Adani founded it as a commodity trading firm back in 1988; 1994 saw the listing of it. Since then, Adani Enterprises has developed into a holding company and incubator with a variety of business interests of the group.

As one of if not the biggest conglomerates in India, Adani Enterprises has operations in a variety of sectors, including water, solar manufacturing, data centers, roads, edible oil and foods, agro, integrated resources management, and airports.

The group has a track record of buying struggling businesses and quickly turning them around. This has allowed them to expand much more quickly than the rate of industry growth on average.

In FY23, the company’s revenue grew 97% YoY, from Rs. 69,420 crore to Rs. 1,36,978 crore. Net Profits saw growth of 218% YoY from Rs. 777 crore to Rs. 2,473 crore. Net margins during the period expanded 95 bps.  

Top Indian Stocks Held By GQG Partners #5 – Adani Ports & Special Economic Zone

CMP849.7Market Cap (Cr.)1,85,361.5
EPS (TTM)29.01Stock P/E (TTM)29.58
GQG Holding5.03%Dividend Yield0.00%
Qty Held10.873 CrDebt to Equity1.11
Holding Value9,160.683 CrPrice to Book Value3.88
Operating Profit Margin52.5%Net Profit Margin25.9%

Adani Ports and Special Economic Zone Ltd, together with its subsidiaries, operates and maintains port infrastructure facilities in India. The company was founded in 1998 and by 2013-14 it became the largest private sector ports company in India. It has the vision to position itself as the world’s largest private port entity. 

It can handle 602 MMT cargo on the west and east coasts combined. The company operates 8 logistics parks and 12 ports & terminals. Regarding real estate, the company has 12,000 hectares of industrial land and 1.6 million sq ft in warehousing.

Adani Ports employs around 3k individuals with an average tenure of 8 years, indicating low attrition. Its facilities are strategically located pan-India giving the company an integrated and competitive advantage. 

In FY23, the company’s revenue grew 22% YoY, from Rs. 17,119 crore to Rs. 20,852 crore. Net Profits saw growth of 9% YoY from Rs. 4,886 crore to Rs. 5,310 crore. Net margins during the period declined by 310 bps.  

Written by Sandeep R

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