Fundamental Analysis (Long term)

05 Jul 2025 10:11

APAR Industries – Structurally Different Compounder with Global Ambition

- Not an EPC player. Not a cable assembler.
- APAR is building the core grid components powering India's infra and the world's data centers.

1️⃣ Infra DNA: Engineering, Not Executing
What sets APAR apart:
▪️Not in project execution
▪️Builds transmission inputs: conductors, transformer oils, and cables

Investor Edge:
➡️ Exposure to global electrification, not tender volatility.
🗣“APAR is not into EPC or project execution. We are a component-focused infra backbone ... conductors, cables, and specialty oils.”

2️⃣ Self-Reliant Infrastructure
Owns the supply chain:
▪️Aluminum rod plant
▪️Transformer oil blending terminals (India + UAE)
▪️E-beam + specialty cable units

Investor Edge:
➡️ Margin insulation + quality control through backward integration.
🗣“We manufacture our own aluminum rods, blend transformer oils in-house, and run e-beam lines, this gives us unmatched control over quality and cost.”

3️⃣ Trust of the Titans - Global Client Stickiness
▪️Microsoft: Global vendor-approved
▪️Supplying to Amazon, Google, Adani, US utilities

Investor Edge:
➡️ Institutional-grade stickiness, long-cycle order visibility.
🗣 “We are now on Microsoft’s global vendor list. Our teams are also directly working with Amazon and Google for data center infra.”

4️⃣ Export Infrastructure Edge
▪️Export to 100+ countries
▪️FY25 US Revenue: ₹1,600 Cr
▪️Infra: JNPT + UAE terminals for bulk cable/oil exports

Investor Edge:
➡️ High-value export moat, hedges India-only exposure.
🗣“US is bouncing back ₹1,600 Cr in FY25. Bulk infra at JNPT and UAE ensures seamless export flows for cables and oils.”

5️⃣ Moat via Product Depth
▪️46% of conductors = premium (CTC, AL-59)
▪️Cables: UL-certified, defense-grade, solar + windmill focused

Investor Edge:
➡️ Higher margins, less price-led competition.
🗣“Over 45% of our conductor volumes are now premium-grade, and our cables business is increasingly UL-approved and defense-focused.”

6️⃣ Balanced Powertrain
FY25 Revenue Split:
▪️Conductors: ₹9,582 Cr
▪️Oils: ₹5,087 Cr
▪️Cables: ₹4,945 Cr

Investor Edge:
➡️ No single-segment dependency; balanced growth visibility.
🗣 “All three businesses conductors, oils, and cables are contributing. Cables are growing faster, but all are margin-accretive.”

7️⃣ Innovation-Led Durability
▪️Proprietary: Anushakti e-beam wires, CTC, zero-halogen cables, windmill cables

Investor Edge:
➡️ Spec-based moat, not commodity pricing.
🗣 “Our Anushakti cables (e-beam) grew 37%. We also launched high-end zero-halogen, long-life products for defense and renewables.”

8️⃣ Capex with Foresight
₹1,300 Cr capex (FY26–27):
 • ₹800 Cr – New 48-acre greenfield cable site
 • ₹300 Cr – Premium conductor capacity
 • ₹200 Cr – Oil logistics expansion

Investor Edge:
➡️ Doubling capacity before demand peaks.
🗣 “We’ve lined up ₹1,300 Cr capex: ₹800 Cr for new cable capacity, ₹300 Cr for premium conductors, ₹200 Cr for oil infra. All proactive, not reactive.”

9️⃣ China-Resilient Strategy
▪️Competes on spec, not price
▪️Avoids subsidy-led tender markets where China dominates

Investor Edge:
➡️ Protects ROE, avoids margin erosion from low-bid wars.
🗣 “Chinese pricing is aggressive, but our spec-based cables and conductors are winning orders where quality matters more than price.”

🔟 Global Electrification Multiplier
▪️ Exploring US manufacturing
▪️ Expanding into renewables, defense, data infra

Investor Edge:
➡️ Secular tailwinds + global rerating optionality
🗣 “We’re evaluating US manufacturing, expanding into renewables and defense. Our goal is to be an electrification partner, not just a vendor.”

🧭 Investor Compass View
- APAR is not cyclical alpha.
- It’s a structural compounder, expanding moats across product, geography, and client quality.
✅ Vertically integrated
✅ Premium product mix
✅ Global clientele
✅ ₹1,300 Cr capex tailwind
- An electrification enabler, not a tender chaser.
- Rerating is structural, not cyclical.

Source: https://x.com/selvaprathee/status/1941206332125872565

Fundamental Analysis (Long term)

04 Jul 2025 05:47

Disclaimer - This thread is not a Buy/Sell recommendation, please do your own research and it should be taken it as educational purpose.

Source: https://x.com/DhawalDoshi5/status/1940772961666969695

Fundamental Analysis (Long term)

04 Jul 2025 05:42

Concall Summary -
=> Management discussed the industry demand environment in FY25 which saw a gradual recovery in rural consumption, easing inflation and sustained government thrust on infrastructure and Agri policies.
=> The demand in 2W and 3W segment was driven by rising rural demand and improving export traction and the commercial vehicles demand was fuelled by infrastructure-led activity and fleet upgrades, passenger vehicle continued to be benefited from strong premiumization trend and Farm Equipment demand saw a comeback due to favourable monsoons and strong crop procurement.
=> International Automotive India Private Limited has commissioned 2 new facilities in Chakan, Pune for the BEV models of Mahindra & Mahindra, the BE6 and XEV 9e.
=> In Q4, company has successfully rolled out cockpit assemblies for Mahindra's Thar ROXX, BE6, XEV 9e models, for Honda Car introduced both AT and MT gear shifters and shark fin antennas for the Amaze and initiated the supply of counter box and receptacle assemblies for Maruti Suzuki.
=> Management is confident to achieve the growth of 15% on organic business which will come from across business segments and contribution from subsidiaries and JVs will grow faster from lower base.
=> Management believes growth is not solely dependent on OEM production volumes due to a launch of new product and full year realizations of SOP/acquisitions.
=> Management reiterated that they aspire to achieve an EBITDA margin of 20% and certainly believes that with the accelerated growth of subsidiaries on the aftermarket and full year realizations, the company will be able to double the EBITDA from FY24 by crossing Rs. 1,000 CR in FY28.
=> IAC India is the largest contributor in the topline however the growth to moderate to 10-15% CAGR as the base increases. There are 2 factors driving the growth of IAC, the company continues to maintain their wallet share at Mahindra & Mahindra which is close to 90-95% for cockpits and door panels.
=> Lumax is in discussion with Tata Motors and Maruti Suzuki for new businesses and already supplying parts to Maruti Suzuki and management is confident that combination of both will give them a 10-15% CAGR going forward.
=> Post acquisition of IAC India, the company has the flexibility to source technology from global leaders including Chinese, BEV/HMI leaders and with 350 engineer's resident management wants to leverage for new designs and orders.
=> Management addressed their philosophy towards inorganic growth or acquisitions which are high margin accretive, higher growth potential, and the company has already formed 2 SPVs to be future ready for more acquisitions.
=> Greenfuel acquisition for the company is margin accretive with 22% EBITDA in 4 months with 60% stake with Lumax Auto and currently no plans to increase the stake. The focus is mainly on increasing wallet share and accelerated revenue growth. Management has guided for a topline of Rs. 300-350 CR from Greenfuel in FY26.
=> Management has given the CAPEX guidance of Rs. 175-200 CR which includes potential land acquisition. Debt trajectory to eventually come down as currently it is around 0.5x and management is comfortable to go till 0.7-0.8x ratio. There are no new inorganic steps planned in FY26, and focus will be on consolidating recent acquisitions and organic growth so it is expected that debt will be reduced.
=> Lumax Mannoh saw a flat revenue of Rs. 360 CR and EBITDA margins declined due to unfavourable product mix of automatic shifter and manual transmission shifter which was somewhere closer to 75-25 in favor of MT in FY25.
=> The strategy which company is using for ADAS is based out of the telematics and the connected vehicle systems portfolio. Company has launched telematics products with a major commercial truck manufacturer, and already there are more than 80K sets in the market and HMI products with Lumax Alps Alpine working on the ADAS system and a pilot batch is already out with 2W OEM.

Fundamental Analysis (Long term)

04 Jul 2025 05:37

Order Book, Clientele & Manufacturing facilities -

The company has a robust order book of Rs. 1300 CR giving a future visibility till FY28.

Order Book Mix -
=> Advance Plastics - 57%
=> Structures & Control System - 15%
=> Mechatronics - 16%
=> Alternate Fuels - 12%

Computation of Rs. 1300 CR order book -
🔹FY26 - 26% i.e., Rs. 333 CR
🔹FY27 - 42% i.e., Rs. 550 CR
🔹FY28 - 32% i.e., Rs. 417 CR

The company has a solid client base across segments like Bajaj, Tata, M&M, MSIL, etc.

Customer Wise Revenue -
=> M&M - 27%
=> Bajaj - 14%
=> Aftermarket - 11%
=> MSIL - 8%
=> HMSI - 5%
=> LIL - 8%
=> TATA - 5%
=> Others - 23%

Manufacturing Facilities -
The company has 26 manufacturing facilities across 6 states with a strategy to be in proximity area of it customers. Lumax also has an R & D center in Manesar, an Engineering center in Pune and 1 satellite office in Japan.

=> Manesar
=> Gurugram
=> Pantnagar
=> Mehsana
=> Pune
=> Nashik
=> Waluj
=> Bhiwadi
=> Bangalore

Fundamental Analysis (Long term)

04 Jul 2025 05:34

Lumax Auto Technologies Q4FY25 Financial Results

Company Overview -

Lumax Auto Technologies is an auto ancillary company manufacturing a wide range of products and a leading manufacturer of gear shifters and interior solutions in India, with 80% market share across all passenger vehicle customers.

Key Fundamentals -
🔹Market cap - Rs. 7,603 CR
🔹CMP - Rs. 1,116
🔹ROE - 20.6%
🔹ROCE - 19.3%
🔹P/E - 42.8
🔹Industry P/E - 28.1
🔹EV/EBITDA - 16.3

Product Portfolio -
🔹 Advance Plastics - Cockpits, & Consoles, Door Panels, Trims, Tanks
🔹Mechatronics - Power window switch, Antennas, Telematic Control Units
🔹Structures & Control System - Gear Shifters, Shift Tower, Seating Structures
🔹Alternate Fuels
🔹Aftermarket Solutions

Fundamental Analysis (Long term)

04 Jul 2025 04:51

Wockhardt Ltd – Innovation or Inflection ?

- Wockhardt is reshaping itself from a struggling generic player to a focused antibiotic + biotech innovator.
- What drives this transition? And what’s their plan for FY26+ and beyond ?

Let’s unpack this high-risk, high-potential transition

Part 1: The Here & Now – FY25 to 26
- Wockhardt’s short-term growth isn’t about approvals or new science.
- It’s about executing on what’s already in motion:

Miqnaf (azithro-resistant RTIs)
✅ Launched May’25
✅ 3-day therapy | 96.7% efficacy
✅ ₹10,800 Cr market (TAM) ripe for premium play

EMROK (MRSA infections)
✅ 1L+ patients treated
✅ Now expanding across new specialities

Insulin (Diabetes)
✅ Commercial base in place
✅ Novo exit opens ₹450 Cr India white space
✅ Capacity expansion in motion

➡️Financial health restored
➡️Net debt down to ₹64 Cr (from ₹822 Cr in FY22)
➡️₹600+ Cr cash on books
This phase is about margin control + Rx momentum, not moonshots.

Part 2: The Vision – FY26 to 28
Wockhardt’s real optionality comes from what’s brewing beneath the surface:

ZAYNICH (Superbug infections)
🔹Global Phase 3 complete
🔹Launch: India mid-CY26 | US/EU FY27
🔹₹17,000 Cr India TAM | $7B+ global opportunity

ODRATE (Outpatient day-care infections)
🔹NIH-funded | Once-daily injectable
🔹Phase 1 done | Phase 2 in FY26
🔹Fits India + US cost-sensitive markets

FOVISCU (Early ICU Gram-neg)
🔹Phase 2 done | Broader hospital fit
🔹Complements ZAYNICH across pricing tiers

Biosimilars & GLP-1s (Diabetes + obesity)
🔹Aspart filed | Mix & Lispro next
🔹$3B emerging market opportunity
🔹GLP-1 in early R&D (2027+ story)
Long-term is where biotech status could be earned, but only if execution, filings & launches align.

What Management Said (From Concall)
🗣 “We’re evolving into a global research-led company… We aim to double the business in 3 years.”

🔹No regulatory delays cited
🔹All capex + R&D fully funded
🔹US strategy: Build GTM team + explore out-licensing
Translation: They’re confident but sober about the execution load ahead.

🧭 Investor Compass Take
Wockhardt isn’t a PE rerating story yet.
It’s a multi-asset biotech pivot:
🔹Proven execution in India
🔹Breakthrough IP in pipeline
🔹Capital in place
But FY26 is the proving ground.

➡️ If ZAYNICH hits, Miqnaf scales, and insulin expands… this isn’t just survival, It’s a reinvention.

➡️ Risky? Yes. Reratable? Only if execution follows IP.

Source: https://x.com/selvaprathee/status/1940817736541917339

Fundamental Analysis (Long term)

03 Jul 2025 12:48

Godrej Industries | Chemicals Expansion Drive

Plans to invest ₹750 crores to scale its chemicals business
Revenue target: $1 billion by 2030

Expansion Details:
2x capacity: Fatty Alcohol & Glycerine
3x capacity: Speciality Chemicals & Fermentation

Strengthening leadership in green chemistry & value-added products

Fundamental Analysis (Long term)

03 Jul 2025 05:28

Wealth management in India is set for a strong run:
HNIs growing at 12-15% annually, driving professional advisory services.

Firms like 360 ONE Wealth managing ₹5.69 lakh crore client AUM, catering to rising affluent class.

Growing demand for diversified assets alternative investments, global products.

Industry projected CAGR ~14% through 2027, driven by expanding client base.

Monitor market cycles closely volatility can temporarily impact fee-based revenue.
Strong secular trends, but vigilance is key.

Fundamental Analysis (Long term)

02 Jul 2025 10:13

PIRAMAL PHARMA ON FY30 OUTLOOK 🔥🔥

Expects To Have CDMO Revenue Of $1.2 Bn By FY30

Aims At CDMO EBITDA Margin Of Nearly 25% By FY30

See Complex Hospital Generics Revenue At $600 Mn By FY30

Fundamental Analysis (Long term)

02 Jul 2025 07:52

C.E. Info Systems / Map my India says

👉 Won a Rs.233 Cr contract from an international corporate client to be executed evenly over 7 years with 60% margins

👉 PhonePe is going through their IPO process & so sold some stake

------------------------------------------------------------------------------------------

https://youtu.be/Ms3OrbcJQL8?si=zqP1NCZdUgbmWwtx

Fundamental Analysis (Long term)

02 Jul 2025 07:38

Ambuja Cement Forward valuations

Fundamental Analysis (Long term)

02 Jul 2025 06:08

Phillip Capital sees good technical upside in madcap private banks

RBL BANK
AU BANK
Federal Bank
City Union Bank
IDFC FIRST BANK
Ujjivan Small Bank
Karur Vysya
South Indian Ban

Fundamental Analysis (Long term)

02 Jul 2025 05:01

Transformers Megacycle - Deep Dive India’s High-Voltage Rerating

From ₹10 lakh/MVA units to 765kV beasts, this sector is no longer about tonnage
It’s about tech, execution, and voltage leadership

1️⃣ Why Now? The Demand is Non-Linear

India’s capex isn’t just bigger, it’s denser, faster, and digitally layered:
🔹500 GW renewables = erratic load
🔸EV chargers = high peak power
🔹Datacentres = 24/7 voltage stability
🔸Railways = 25kV AC traction over 100,000 km
🔸Green hydrogen = ultra-stable high-capacity supply
🔹None of this can scale without EHV-grade transformers with smart control.

2️⃣ Value Migration – The Higher the Voltage, the Bigger the Moat
Category growth drivers (CY19-28 CAGR):
🔸Distribution Transformers: 6.1%
🔹Small/Medium Power Transformers: 9.5% / 8.4%
🔸Large Power Transformers: 11.3%
🔹765kV + HVDC: 12.6%

The fastest-growing segments require:
✔️Partial discharge control
✔️CRGO steel + E-beam curing
✔️Reactor integration
✔️Export compliance

3️⃣ The Rerating Trigger Is Technical, Not Cyclical
- Most infra cycles rerate on order books.
- This one will rerate on voltage certification + tech depth
Winning a 765kV transformer order means:
✔️You have passed 25-30 performance, PD, and safety tests
✔️You can manufacture, test, and integrate CRGO, bushings, reactors
✔️You’ve built the capex, processes, and IP others don’t even understand yet

That’s not commodity. That’s scarcity.
And scarcity rerates.

4️⃣ Every transformer = A smart contract between capacity, reliability & technology.
🔸This industry is misunderstood.
🔹It’s not about how many transformers are sold.
🔸It’s about what kind, what voltage, what precision.
🔹 A ₹20 Cr 765kV unit with inbuilt reactors, GIS compatibility, and PD compliance…
has 10X strategic value compared to 100 low-voltage units.
- Yet the market prices them the same.
That’s the mispricing edge.

5️⃣ So what should investors really track?
- Not volume. Not past revenue.
- But 4 forward-looking vectors:
✅ Voltage Migration – Are they winning 400kV+ and 765kV orders?
✅ System Integration – Can they design-reactor-insulate in-house?
✅ Execution Control – Is WC <100 days and ROCE >25%?
✅ Grid Relevance – Are their products aligned with India's new load architecture?
➡️ These 4 unlock rerating. Not legacy volume plays.

6️⃣ Scarcity is Another Moat.
India has <5 serious transformer players above 400kV capability.
Even fewer with:
🔸CRGO integration
🔹In-house testing & insulation
🔸Balance sheet strength to bid 765kV/PGCIL orders
🔹Ability to scale 20,000–50,000 MVA capacity fast
🔸 In a ₹50,000 Cr+ market, scarcity isn’t a bug. It’s the entire thesis.

7️⃣ Who’s Quietly Positioning Right? Execution + Tech + Capex

✅ TARIL (Transformer & Rectifiers)
🔸Doubling capacity 40,000 ➝ to 75,000 MVA
🔹Entering 765kV + reactors + GIS-compatible units
🔸Integrated CRGO, bushings, oil purification
🔹FY26 topline guide: ₹800 Cr
Rare full-stack HVDC play under ₹3,000 Cr MCap

✅ Voltamp
🔸Scaling from 2,500 ➝ 9,500 MVA
🔹₹200–250 Cr revenue guidance FY26
🔸Full year of ₹1,200 Cr capacity kicking in = operating leverage story
🔹Quiet IDT specialist with low WC + high RoCE
🔸No debt, strong promoter quality
Margin-durable, capex-light cash generator

✅ Shilchar
🔸Not chasing size. Targeting quality.
🔹Niche low-voltage + export moats
🔸20%+ EBITDA, 40%+ RoCE
Infra boutique with discipline

✅ Supreme Power Equip.
🔹 Lean execution on IDT side
🔸 Working capital <70 days
🔹 FY26E revenue guide: ₹200–250 Cr
Smart compounder in a rising tide

8️⃣ What to Avoid? The Illusion of Scale
🚫 Players who:
🔹Don’t cross 220kV tech
🔸Rely on L1 pricing instead of IP
🔹No EHV/HVDC roadmap = rerating unlikely
🔸Scale topline without fixing WC
🔹Depend on one PSU client
💡 Scale without control is chaos.
- That’s not infra investing. That’s infra guessing.

Continue....

Fundamental Analysis (Long term)

02 Jul 2025 04:53

📌Oriana Power Ltd

🔸MCap : ₹4332 Crs
🔸CMP : ₹2132
🔸Stock P/E : 27.3
🔸Promoters : 57.97%

RoE : 50.91% 🚀
RoCE : 33.51%🚀

----

📌Shilchar Technologies Ltd

🔸MCap : ₹6042 Crs
🔸CMP : ₹5281
🔸Stock P/E : 41.1
🔸Promoters : 64.01%

RoE : 44.27% 🚀
RoCE : 47.16% 🚀

----

📌Waaree Energies Ltd

🔸MCap : ₹88017 Crs
🔸CMP : ₹3063
🔸Stock P/E : 47.1
🔸Promoters : 64.31%

RoE : 29.97% 🚀
RoCE : 33.44% 🚀

----

📌Australian Premium Solar Ltd

🔸MCap : ₹1081 Crs
🔸CMP : ₹548
🔸Stock P/E : 27.8
🔸Promoters : 72.97%

RoE : 40.88% 🚀
RoCE : 37.23%🚀

----

📌Alpex Solar Ltd

🔸MCap : ₹2713 Crs
🔸CMP : ₹1109
🔸Stock P/E : 32.5
🔸Promoters : 68.76%

RoE : 30.26% 🚀
RoCE : 22.58 % 🚀

----

📌Enviro Infra Engineers Ltd

🔸MCap : ₹4270 Crs
🔸CMP : ₹243
🔸Stock P/E : 24.2
🔸Promoters : 70.09%

RoE : 36.66% 🚀
RoCE : 45.57 % 🚀

----

📌Insolation Energy Ltd

🔸MCap : ₹5905 Crs
🔸CMP : ₹268
🔸Stock P/E : 48.4
🔸Promoters : 66.01%

RoE : 40.21% 🚀
RoCE : 29.61% 🚀

----

📌Jay Bee Laminations Ltd

🔸MCap : ₹542 Crs
🔸CMP : ₹240
🔸Stock P/E : 21.4
🔸Promoters : 70.61%

RoE : 25.36% 🚀
RoCE : 26.25% 🚀

----
📌PNGS Gargi Fashion Jewellery Ltd

🔸MCap : ₹914 Crs
🔸CMP : ₹882
🔸Stock P/E : 31.7
🔸Promoters : 70.23%

RoE : 42.81% 🚀
RoCE : 48.39% 🚀

----
📌Sathlokar Synergies E&C Global Ltd

🔸MCap : ₹935 Crs
🔸CMP : ₹387
🔸Stock P/E : 21.9
🔸Promoters : 62.71%

RoE : 46.85% 🚀
RoCE : 47.81% 🚀
-----------------------------------------

Fundamental Analysis (Long term)

01 Jul 2025 11:14

Northern ARC says
🎯 AUM growth +22-25% in FY26
🎯 NIMs to improve by 50-60bps over next 2 years
🎯 NIM improvement to be aided by lower cost of funds & better asset mix

Fundamental Analysis (Long term)

05 Jul 2025 06:54

https://youtu.be/hnsBwidCMwg

Fundamental Analysis (Long term)

04 Jul 2025 05:42

=> Lumax content per vehicle is Rs. 80,000 and there will be an increase of 8-10% in FY26 mainly due to the Greenfuel numbers.
=> For the Aftermarket segment, management acknowledged the fact the growth has been subdued due to liquidity challenges, however there is a recovery in Q4 and Q1 saw a good momentum.
=> Company is doing a strategic shift towards demand generation and going the last mile to connect with retail and mechanics in different districts. Also, approached an external agency to give training and handholding so that the team can deliver on the full potential. Management is targeting 15%+ growth in FY26 from the aftermarket.
=> Lumax will be launching 3 new product categories across the 2W segment which includes motors, RR and CDI, a complete range of electrical products will launch in Q1FY26, and the 4-wheeler segment will be launching suspension and brake systems in Q3FY26.
=> Alps Alpine has posted a topline of Rs. 50 CR in FY25 and is expected to deliver Rs. 120 CR in FY26. Management is confident to achieve Rs. 500 CR in next 4-5 years as the products have been identified which are mainly HMI interface products, switches and sensors.
=> Company has recently inaugurated a new plant in Chakan for BEV platform catering to Mahindra & Mahindra, and it contributes around 40% Lumax order book of Rs.500 CR. For BEV models, average content per vehicle is Rs. 40,000-45,000 per vehicle. Management reiterated that they have sufficient capacities for BEV models and other models in Mahindra’s Chakan region.
=> Management is optimistic of future growth outlook having robust order book integration of recent acquisitions and strong focus on future mobility, technology and high margin business.

Fundamental Analysis (Long term)

04 Jul 2025 05:40

Future RoadMap -

Lumax Auto technologies have highlighted the bold future roadmap till FY31 of growing at 20% CAGR in Revenue, ROCE - 20%, aspire to achieve EBITDA margin - 20% & Future & Clean mobility - 20%. Topline will grow around Rs. 8500 CR organically with a CAGR of 15% and combined with inorganically it will be growing at 20% CAGR to Rs. 11,000 CR.

Management addresses that FY26 also marked by kickstarting the next 6-year midterm plan which stands for Bold Roadmap Integrating Diverse Growth Engines. Unlocking full potential across all our multiple businesses and transition from a Tier 1 supplier to a Tier 0.5 systems integrator.

This growth will be driven by new product segments in clean and future mobility, software driven solutions for ADAS & Connected vehicles, trends in premiumization & light weighting and acquisitions.

Fundamental Analysis (Long term)

04 Jul 2025 05:35

Financial Performance -

Q4FY25 Performance -
=> Revenue - Rs. 1133 CR ↑ 50%
=> EBITDA - Rs. 166 CR ↑ 51%
=> EBITDA margin - 14.60% vs 14.50% in Q4FY24
=> PAT - Rs. 80 CR ↑ 55%
=> PAT margin - 7% vs 6.80% in Q4FY24

FY25 Performance -
=> Revenue - Rs. 3637 CR ↑ 29%
=> EBITDA - Rs. 516 CR ↑ 25%
=> EBITDA margin - 14.20% vs 14.60% in FY24
=> PAT - Rs. 229 CR ↑ 37%
=> PAT margin - 6.30% vs 5.90% in FY24
=> EPS - Rs. 26.08 vs Rs. 19.1 FY24
=> Debt to equity - 0.49x

Segment Revenue mix -
=> Passenger Vehicle - 55%
=> ⅔ Vehicle - 25%
=> Aftermarket - 11%
=> Commercial Vehicle - 9%

Product Wise Revenue -
=> Advance Plastics - 56%
=> Structure & Control Systems - 19%
=> Mechatronics - 3%
=> Aftermarket - 11%
=> Alternate Fuels - 8%
=> Others - 2%

The company's improved financial metrics reflect enhanced operational efficiency and successful execution of its growth strategy.

On standalone basis, company maintained its robust growth momentum with revenue from OEM customers were up by 7% in Q4 and 13% in FY25 and Aftermarket segment achieved 10% growth reflecting strong customer traction and product acceptance.

Fundamental Analysis (Long term)

04 Jul 2025 05:32

Strategic Partnerships -

Lumax Auto Technologies has done some strategic partnership with firms like Cornaglia, Mannoh, Alps Alpine, Ituran, Yokowo, Fae, Jopp, Greenfuel & IAC India.

Lumax Auto Technologies has accelerated its inorganic growth strategy through acquisitions and partnerships. In FY25, the company invested Rs. 48 CR in its subsidiary Lumax Resources Private Limited which acquired a 60% stake in Greenfuel Energy Solutions Private Limited for Rs. 153 CR.

Lumax also acquired the remaining 25% stake in IAC International Automotive India Private Limited for Rs. 221 CR strengthening the company's market position in automotive components.

GreenFuel Energy Solutions - The company acquired a 60% controlling stake in the company marking an entry in the green and alternate fuels segment. This acquisition will unlock diversified opportunities and long-term partnership with leading sustainable mobility solutions providers. It is an asset light model with patented products and technologies to be leveraged across CNG, Hydrogen and other applications. The company has an order book of Rs. 150 CR catering to MSIL & Tata.

International Automotive India Private Limited - Lumax has completed acquiring 100% stake in IAC India which manufactures products like Vehicle Interior Systems & Components catering to customers M&M & MSIL and an order book of Rs. 600 CR.

Fundamental Analysis (Long term)

03 Jul 2025 12:51

🛡 Bharat Forge | Defense Expansion

📢 Subsidiary KSSL incorporates Agneyastra Energetics Ltd to enter defense energetics space

💰 Initial investment: ₹1 lakh

🎯 Focus:
• Manufacturing high-energy explosives
• Production of propellants

🚀 Strengthens Bharat Forge’s presence in the defense manufacturing ecosystem

Fundamental Analysis (Long term)

03 Jul 2025 10:12

🚀 PIGL FY25 Highlights | Strong Performance & Strategic Growth 🌟

✅ Transformative Year
• Strong financials
• Solar EPC & EHV foray
• Major airport electrification win

🔋 Solar EPC Entry
• Secured 5MW solar plant order – Latur (Jan 2025)
• Won full electrical package for airport – boosts infra credentials

📈 Robust Order Book
• Total: ₹400+ Cr
• Unexecuted: ~₹300 Cr
• Bids: ₹500+ Cr incl. ₹250 Cr in Gujarat & ₹150 Cr in Rajasthan

🚀 FY26 Growth Outlook
• Targeting 50%+ revenue growth
• Driven by execution momentum & govt project push

⚡️ Outlook
PIGL is well-positioned for strong growth in revenue, profits & margins—riding India’s power & infra megatrend! 💡

Fundamental Analysis (Long term)

03 Jul 2025 04:10

Short term trading , positional trading
And learning priceaction join now @wealthcreator7

Stock SIP, long term investment don't miss to join @stocksip

Corporate update, quaterely result, management guidance @stockupdate9

Daily one company Fundamental analaysis in detail daily
@fundamental3

US STOCK Chart study for more detail visit
@Us_stock3

Stock brokerage report, sector reports and more @Brokerage_report

Stock market statics and information @stockinfo333

All IPO Updates Live @ipoinfo3

All conference call and detail stock study @nilfaldu

Fundamental Analysis (Long term)

02 Jul 2025 08:35

Allied Blenders and Distillers completes 1 year since IPO.

Management says

FY26 Guidance 🥃 Revenue at Rs.4000cr, margins at 14%

FY28 Guidance 🥃 Revenue at Rs.5000-5500cr, mid teens margins

-------------------------------------------------------------------

https://youtu.be/dMos3l9NtX4?si=mjJW_0EWXolVFRRT

Fundamental Analysis (Long term)

02 Jul 2025 07:48

Defence is a theme that is not going away for the next few years.
However, it’s true some correction is necessary.

While looking into the defence eco system, one many find several categories with private as well as govt companies.

A good metric to look at here is ROCE. Order flow and growth was incoming but balancing that growth with high returns has been challenging.

Diving deeper into the theme, I realised the defence budget is increasing in rupee terms but the total government budget is increasing even faster.
So, the share of defence in the total budget is shrinking.

Fundamental Analysis (Long term)

02 Jul 2025 06:38

Prestige Estate Projects

Very strong management commentary:

FY26 pre sales guidance of 25000-27000cr conservatively

Q1FY26 alone can contribute to 12000-13000cr

Strong pipeline and new launches

42,000 GDV
Another 10,000-15,000 GDV can be accelerated

OPM of 25-30% on completed projects
30-35% on new ones

Pricing environment is very very strong across the key markets

Existing inventory 20000cr GDV

Prestige City Indirapuram :
9000cr GDV
6500cr already sold

@Stockupdate9

Fundamental Analysis (Long term)

02 Jul 2025 05:03

9️⃣ FY26-27 = Voltage Migration Litmus Test
This is the phase where:
🔸400-765kV orders become common
🔹Grid synchronization becomes critical
🔸Battery & solar co-location becomes standard
🔹HVDC corridors (Gujarat–South) scale
- Only 2-3 listed players are technically ready.
- The rest will keep bidding. But fail at building.

🔟 Investor Compass View – My High Conviction Checklists

✔️ 400kV+ certified product line
✔️ FY26E capacity >20,000 MVA
✔️ Backward integration into CRGO/reactors
✔️ WC days <100 | EBITDA >15% | ROCE >25%
✔️ Export-ready or GIS/RE compatible units
You find 1-2 companies with all 5 or 4, you’ve found your compounder.

➡️Very few can design, produce, and deliver 400kV+ transformers at scale.

➡️Track those climbing the voltage ladder, they’re the real compounders.

❓Soruce : Inved

Fundamental Analysis (Long term)

02 Jul 2025 04:54

📌Black Box Ltd

🔸MCap : ₹9225 Crs
🔸CMP : ₹544
🔸Stock P/E : 34.6
🔸Promoters : 70.53%

RoE : 45.48% 🚀
RoCE : 32.77% 🚀

-----------------------------------------
📌Dam Capital Advisors Ltd

🔸MCap : ₹1788 Crs
🔸CMP : ₹253
🔸Stock P/E : 17.3
🔸Promoters : 40%

RoE : 34.19% 🚀
RoCE : 35.93% 🚀
-----------------------------------------

📌NPST Ltd

🔸MCap : ₹3962 Crs
🔸CMP : ₹2043
🔸Stock P/E : 88.2
🔸Promoters : 67.55%

RoE : 45.48% 🚀
RoCE : 48.01%🚀
-----------------------------------------

📌Shakti Pumps Ltd

🔸MCap : ₹11483 Crs
🔸CMP : ₹955
🔸Stock P/E : 28.1
🔸Promoters : 51.61%

RoE : 27.27% 🚀
RoCE : 29.49% 🚀
-----------------------------------------

📌Jeena Sikho Lifecare Ltd

🔸MCap : ₹5855 Crs
🔸CMP : ₹471
🔸Stock P/E : 64.5
🔸Promoters : 63.53%

RoE : 40.81% 🚀
RoCE : 50.28% 🚀

📌Note :
👉No Buy or Sell reco. Just for Educational purposes.

-----------------------------------------

Source: https://x.com/Praveen12Pranis/status/1940071151621091584

Fundamental Analysis (Long term)

02 Jul 2025 04:51

📌Top Companies with Highest Avg RoE & RoCE for the last 5 Years

➡️Lets understand whats RoE & RoCE in Simple terms

▶️RoE (Return on Equity) tells you how much profit the company generates on equity capital.

▶️RoCE (Return on Capital Employed) measures how efficiently the company uses all capital (equity + debt).

➡️So what’s the advantage if a Co has high RoE & RoCE?

🔸Sustaining ROE & ROCE indicates reliability, strong business model, differentiates the Co. from peers.
🔸High returns enable reinvestment in growth opportunities, R&D while maintaining a strong balance sheet.
🔸Consistent high ROE & ROCE suggest the Co manages capital & debt well thus reducing financial risks over time.

📌Note :
▶️Considering high RoE & RoCE is just a starting point & should not considered for investment on this metrics alone.
➡️A deep dive analysis into Debts, Cash Flows, Receivables, Growth Prospects, Management are some of imp. things to look out while investing

👉Now lets a look at the list of Cos

Fundamental Analysis (Long term)

01 Jul 2025 11:12

Ellenbarrie Industrial Gases list at a massive premium 🚀

Management says
👉 Revenue potential will scale to Rs.1000cr post expansion
👉 By FY27 margins headed to 40%
👉 Co is net debt free