Brief Analysis of RP Sanjiv Goenka and RPG Enterprises Groups
(Disclaimer:
This is just for information purposes only; this should not be construed as investment
recommendation or advice though the author is a CFA Charterholder. Prospective investors should consult their investment
advisors before making any trades.)
Two prominent corporate groups, namely, RP Sanjiv Goenka and RPG Enterprises Group, hogged limelight last year with some of the stocks in their groups, like, Saregama India, Firstsource Solutions, RPG Lifesciences and Zensar Technologies doing well in the market.
This is a brief analysis of what listed and unlisted firms the groups own, their market capitalisations, how their market caps have changed in the past one year (to be exact, between 19Apr2022 and now).
While RP Sanjive Goenka Group is run by Sanjiv Goenka, RPG Enterprises Group is run by Harsh Vardhan Goenka -- both are sons of late Rama Prasad Goenka (RP Goenka).
Table showing companies owned by RP Sanjiv Goenka Group or RPSG:
As shown above, the biggest listed companies by market cap in RPSG are: CESC, Saregama India and Firstsource Solutions. In the past one year, the group lost 18.6 percent of its market cap, mainly due to fall in stock prices of Saregama India, CESC and Firstsource Solutions.
The current market cap of the RPSG is Rs 29,600 crore, which is slightly higher than the current market cap at Rs 26,500 crore of RPG Enterprises Group.
The Group owned by Sanjiv Goenka has some unlisted firms, namely, Nature's Basket, Haldia Energy Ltd and Dhariwal Infrastructure Ltd. RPSG won IPL Cricket Team Lucknow Super Giants for Rs 7,090 crore in Oct2021. (IPL is Indian Premier League consists of several city-based cricket teams in India and several contests are conducted regularly.)
Table showing companies owned by RPG Enterprises Group:
In contrast to RPSG which lost almost 19 percent of its market cap in the past one year, RPG Group run by Harsh Goenka gained 9.8 percent market cap in the same period -- mainly due to good run from stocks like, KEC International, Ceat Ltd and RPG Lifesciences.
The biggest listed firms by market cap in the RPG Group are: KEC International, Zensar Technolgoies and Ceat Ltd. The group owns unlisted firms, such as, RPG Enterprises Ltd, Raychem RPG and RPG Ventures.
While understanding a company or a stock, it's better to check whether the promoters have any other listed or unlisted firms. Because one company's fortunes may have a direct or indirect bearing on the sister or associate companies, investors need to have an overall view of the group companies before making any investment decisions.
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Additional data: The official names of promoter firms which own the listed firms in the two groups are provided in the following two tables.
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Disclosure: I've vested interested
in Indian stocks and other investments. It's safe to assume I've interest in the financial instruments / products discussed, if
any.
Disclaimer: The analysis and
opinion provided here are only for information purposes and should not be construed
as investment advice. Investors should consult their own financial advisers
before making any investments. The author is a CFA Charterholder with a vested
interest in financial markets.
CFA Charter credentials - CFA Member Profile
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He blogs at:
https://ramakrishnavadlamudi.blogspot.com/
https://www.scribd.com/vrk100
Twitter @vrk100
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