Sequity Capital is engaged in financial investments, mainly in debt instruments (bonds), to generate a steady cash flow, preferably higher than bank deposit rates. These cash flows are either reinvested or withdrawn at the proprietor’s discretion.
The market investments are structured into Principal Protected Notes (PPNs) to enable investment in equities (shares) without risking company capital during the tenure of investment. Our equity decisions follow three investment philosophies: value investing, contrarian strategy, and focused equity approach.
Performance Report – April 2025
During the period, Sequity management did not engage in any transaction. The investments were passively monitored at irregular intervals depending on the magnitude of market movement.
This monthly performance report aims to communicate the following:
- Key Developments
- Security Holdings
- Financial Statements
- Explaining the Financial Statements
- Manager’s Report
By understanding their businesses, owners (shareholders) can make more informed decisions and exercise higher control over the management of their business.
Key Developments
- The Indian securities faced uncertainty in the month due to geopolitical tensions. Presently, the market maintains its upward momentum.
- 1040UCL25 bonds reached their date of maturity. The cash flow surge will be reinvested into equities and bonds to further enhance returns.
Security Holdings
At present, we own the following securities listed in the stock exchanges (NSE & BSE):
(USE LANDSCAPE MODE FOR MOBILE DEVICES)
Holdings as on 30th April 2025
| Instrument | Type | Price (Current) | Quantity | Market Value |
| 1015UCL26-N1 | Corporate Bond | ₹995.00 | 10 | ₹9,950.00 |
| 1060ECL29-NS | Corporate Bond | ₹1,007.50 | 20 | ₹20,150.00 |
| 842IIFL26 | Corporate Bond | ₹979.00 | 10 | ₹9,790.00 |
| 92GS2030 | Government Bond | ₹115.51 | 500 | ₹57,755.00 |
| 943ECL28 | Corporate Bond | ₹964.01 | 10 | ₹9,640.10 |
| 960ISFL25-N1 | Corporate Bond | ₹1,020.00 | 10 | ₹10,200.00 |
| 96IIFL28A-NF | Corporate Bond | ₹955.94 | 10 | ₹9,559.40 |
| 985IIFL22 | Corporate Bond | ₹1,001.95 | 10 | ₹10,019.50 |
| GOLDBEES | Metals & Commodities | ₹79.09 | 100 | ₹7,909.00 |
| ITC | Share | ₹425.80 | 10 | ₹4,258.00 |
| PNB | Share | ₹100.21 | 20 | ₹2,004.20 |
| SBIN | Share | ₹788.65 | 30 | ₹23,659.50 |
| SMC Global | Share | ₹110.03 | 10 | ₹1,100.30 |
| TATA Motors | Share | ₹644.25 | 10 | ₹6,442.50 |
| Grand Total | ₹182,437.50 |
Financial Statements
Income Statement for April 2025
| ACCOUNT | TOTAL |
| Operating Income | |
| Interest Income | 2,935.10 |
| Realized P&L | 15.00 |
| Unrealized P&L | 2,525.90 |
| Total for Operating Income | 5,476.00 |
| Total for Operating Expense | 0.00 |
| Total for Non Operating Expense | 0.00 |
| Net Profit/Loss | 5,476.00 |
Balance Sheet as on 30th April 2025
| ACCOUNT | TOTAL |
|---|---|
| Assets | |
| Current Assets | |
| Bank Account | 18,489.48 |
| Total for Bank | 18,489.48 |
| Other current assets | |
| Trading Account | 6,300.03 |
| Total for Other current assets | 6,300.03 |
| Total for Current Assets | 24,789.51 |
| Fixed Assets | |
| Securities | 0.00 |
| Debt | 1,37,064.00 |
| Equity | 37,464.50 |
| Metals & Commodities | 7,909.00 |
| Total for Securities | 1,82,437.50 |
| Total for Fixed Assets | 1,82,437.50 |
| Total for Assets | 2,07,227.01 |
| Liabilities & Equities | |
| Total for Liabilities | 0.00 |
| Equities | |
| Owner’s Equity | 2,01,001.00 |
| Current Year Earnings | 5,476.00 |
| Retained Earnings | 750.01 |
| Total for Equities | 2,07,227.01 |
| Total for Liabilities & Equities | 2,07,227.01 |
Explaining the Financial Statements
The key observations from the financial figures are as follows:
- Interest Income of ₹2,935.10
In April, we generated interest income amounting to 1.45% of our total assets held at the beginning of the period. This is an indication that we are successfully generating a high rate of return on our investment.
- Bank Account with ₹18,489.48
We are currently maintaining relatively high balances in our bank account. This can be attributed to the proceeds from debt interests and maturities not having been reinvested into assets. Sequity management is yet to determine investment assets and desired valuation for entry.
Manager’s Report
Business
The month of April did not witness any changes in holdings, as we maintained existing holdings without reallocating the assets unnecessarily. Our bond holdings (“1040UCL25”) matured during the period, transferring the maturity value from our dematerialised account to operating bank account.
The share market faced uncertainties due to political and geopolitical disturbances However, the negative emotions could not affect the markets to any degree of material significance.
Suggestions
Sequity management strongly believes that the portfolio is properly is aligned with market conditions, and is confident of meeting the investment objectives without any significant risk of deviation. Proceeds from bonds will be reinvested during the month of May. Further investments are not immediately advised due to the unfolding situation of geopolitical tensions in both the global and domestic theatres.
Tuhin Subhro Sardar
(Manager)
Sequity Capital 