Summary of Annual Reports

Ever since I left my full-time job and started investing full time, one of the most important things I have looked forward to is reading annual reports, especially of lesser-known companies. But I spent a lot of time in the last two years honing my skills in technical analysis and quantitative analysis.

This year my team at Intelsense and I have decided to read as many annual reports as well and summarize the main qualitative parts into 2-3 page documents. It will help in two ways:

1. Increase the coverage of stocks and understand the stories behind a large number of companies
2. Have an archive that can be referred to later for a quick review of what happened.

The reason I have focused on the qualitative side is that it is fairly easy to just look up the financials on screener.

I will be posting the summaries on the respective company threads on www.valuepickr.com and also on this blog. In case, the company thread does not exist on VP, I will put it on my catch-all thread (link here: https://forum.valuepickr.com/t/aa-abhisheks-attic-place-to-store-stuff-to-clear-my-head/26195)

If there is any particular AR that anyone is looking to read a summary of, do let me know on and I will try to put it in priority in the queue.

The link to all the reports is http://blog.intelsense.in/p/ar-summaries.html

We will start with two annual reports.

NELCO

Crafstman Automation