Fundamental Analysis (Long term)

14 Jul 2025 10:15

Advait Energy Transitions Ltd (AETL): A Rare Cross-Sectoral Compounder in the Making
- Powering India’s grid through live line reconductoring & EPC.
- Pivoting to clean-tech with electrolyzers, BESS & solar.

Here’s the data-backed thread on why it deserves your radar

1️⃣ Infra Muscle + Energy Vision = Unique Play
▪️Founded in 2010, AETL started as a transmission EPC & tools player
▪️Now transitioning into solar, battery storage, and green hydrogen
▪️Presence in 45+ countries | 450+ projects delivered
▪️FY25 Revenue: ₹399 Cr | ROCE: 28% | Order Book: ₹800 Cr
➡️Rare convergence of infra execution depth + clean energy ambition

2️⃣ Power Transmission: AETL’s Execution Moat
▪️50% market share in stringing tools | 30% in insulators
▪️8,000 km annual OPGW capacity | 18,000+ km stringing executed
▪️First to supply Make-in-India ERS to PGCIL
▪️₹295 Cr FY25 segment revenue from core infra ops
➡️ One of India’s most proven live-line infra EPC players

3️⃣ Clean-Tech Optionality Becoming Core
▪️Solar EPC: ₹96.1 Cr in FY25 | 250+ MW/yr execution capacity
▪️BESS: 50 MW / 100 MWh under execution for GUVNL
▪️Green Hydrogen: ₹5.8 Cr GH2 EPC booked in FY25
▪️Electrolyser Capex: ₹75 Cr for 300 MW capacity (PLI-backed)
▪️Fuel Cell JV with AVL (Austria) & TECO (Norway)
➡️ Clean energy now contributing >25% of revenue

4️⃣ Subsidiaries: A Full-Stack Clean-Tech Ecosystem
▪️Advait Greenergy – Solar EPC, green hydrogen, BESS and carbon credits
▪️TG Advait India (33%) – OPGW & optical fiber cable JV
▪️Advaiteco Technologies (51%) – Fuel cells via JV with AVL & TECO
▪️Advait Transmission Tools – Stringing tools with new plant underway
▪️A&G Hydrogen Tech – Hydrogen systems & equipment supply
➡️ Control across BESS, electrolysers, fuel cells, EPC and manufacturing - a clean-tech moat in motion.

5️⃣ Financials FY25 : High-Quality, Asset-Light Growth
▪️PAT: ₹32 Cr | EPS: ₹28.6
▪️Operating Margin: 12.7%
▪️ROCE: 28% | ROE: 22.4%
▪️Debt-to-Equity: 0.26x | Interest Coverage: 5.58x
▪️Dividend (FY25): ₹1.75/share
➡️ Consistent profitability, strong return ratios, and low leverage, all while staying capital-light.

6️⃣ Working Capital: Efficient, But Debtors Need Watching
▪️Debtor Days: 173, sharp rise from 75 in FY24
▪️Inventory Days: 26, down from 68, strong inventory control
▪️Payable Days: 276, higher vendor leverage
▪️Cash Conversion Cycle: -77 days, still negative
➡️ Working capital remains structurally efficient, but the spike in receivables is a key monitorable going into FY26.

7️⃣ Order Book Visibility = Growth Engine
▪️₹800 Cr unexecuted order book (as of May 2025)
▪️Major projects:
 ▫️₹86 Cr OPGW from PGCIL
 ▫️100 MW Solar EPC – Adani Green (Khavda)
 ▫️BESS project – 50 MW/100 MWh for GUVNL
➡️ 2x revenue visibility secured heading into FY26

Investors Compass View - Why AETL is a Rare Compounder
✅ Dual-engine growth: Infra + Clean-Tech
✅ Strong execution moat & project track record
✅ Negative CCC, low debt, high ROCE/ROE
✅ Control across value chain via subsidiaries
✅ ₹800 Cr order book + next-gen verticals (GH2/BESS)
➡️ AETL is no longer just an EPC player, it's steadily positioning itself as a key enabler of India’s energy transition.

Fundamental Analysis (Long term)

14 Jul 2025 07:56

OLA ELECTRIC Up 6% post results on Strong to Improving Outlook for Fy26

- Turned EBITDA positive for the month of June

- FY26 Exit Gross Margin seen at 35-40% with PLI benefits, which will be around ₹40-40k per vehicle.

- FY26 volumes to be around 3.25-3.75 lac vehicles and revenue to be around ₹4200 - 4700 Cr

- Auto business should generate FCF (FREE CASH FLOW) by exit FY26.

- June end cash balance of ₹3197 Cr and we don't expect anything more needed for operating needs.

- FY26 Gross Margins Guidance 35-40% vs 18.4% in Q4

- Do not expect to take any major one time warranty provisions going forward.

- Have been developing rare earth free motors

Fundamental Analysis (Long term)

14 Jul 2025 04:33

Indian Railways Mega CCTV Push & Likely Eligible Beneficiaries

- 74,000 Coaches + 15,000 Locomotives
- Aimed at real-time security, theft reduction & AI-enabled monitoring
- Here’s the opportunity landscape for investors

1⃣ What’s Happening & The Scale of the Project
▪️After successful trials in Northern Railway, Railways is going ahead with nationwide CCTV rollout
▪️All coaches to get 4 dome cameras (2 per entrance), and locomotives to get 6
▪️Desk-mounted microphones in loco cabs for audio surveillance
▪️Cameras to cover front, rear & sides of locomotives for 360° visibility
▪️4 CCTV cameras per coach × 74,000 coaches = 2.96 lakh cameras
▪️6 cameras per loco × 15,000 locos = 90,000 cameras
➡️ A full-scale rollout that could exceed ₹2,000-3,000 Cr in total value

2⃣ Tech & Compliance: High-Spec + Certified
▪️Cameras will meet STQC (Standardization Testing and Quality Certification) standards
▪️Must function at >100 kmph speeds and in low-light conditions
▪️Emphasis on best-in-class video quality and reliability
➡️ AI-based analytics layer being explored via IndiaAI Mission
➡️ Behavioral analytics, unattended object detection, intrusion alerts in real-time

Focus on Privacy & Safety
▪️No installation inside compartments
▪️Only in common movement areas (entrances, vestibules)
▪️Designed to deter theft, assaults, and unauthorized access
➡️ Strategic move to boost passenger confidence in public travel

Who Stands to Benefit from Railways CCTV Mega Rollout ?

1️⃣ RailTel Corp
▪️Nodal agency for surveillance infra, Wi-Fi & video storage
▪️Led trials in Northern Railway likely rollout lead
▪️Already executes station-level CCTV projects
➡️Lead integrator for coach & loco surveillance deployment

2️⃣ Bharat Electronics Ltd (BEL)
▪️Supplies STQC-certified CCTV systems
▪️Proven track record with Railways, Defence, Metro
▪️Likely OEM for coach & loco cameras, audio systems
➡️ Core hardware supplier with integration capability

3️⃣ Data Patterns Ltd
▪️Supplies ruggedized embedded systems (cameras/mics)
▪️Defence-grade quality, tied to BEL for subcontracts
▪️Relevant for high-spec loco surveillance kits
➡️ Eligible for loco-grade systems & subcontracts

4⃣ Prizor Viztech (Emerging Play)
▪️Indian CCTV brand building a STQC-ready portfolio
▪️Yet to receive final nod, but strategically aligned
➡️ One to watch once certification clears

More info Join
@Fundamental3

Fundamental Analysis (Long term)

11 Jul 2025 09:03

BANSAL WIRES Says Expect Market Share To Move To 10% In Coming Years Vs 6% Last Year 🟢🟢🟢🟢🟢

Fundamental Analysis (Long term)

11 Jul 2025 09:03

BANSAL WIRES Says Margin Will Expand In 3-4 Years

Fundamental Analysis (Long term)

11 Jul 2025 09:03

BANSAL WIRES Management Says Demand Is Strong & EBITDA Should Improve By 10% In FY26

Maintain FY26 Volume Growth Guidance Of 25-30%

Fundamental Analysis (Long term)

11 Jul 2025 06:28

Fine Organics 🌎 | Global Expansion – U.S. Land Acquisition

📑 Fine Organics Americas LLC, a subsidiary of Fine Organics, has acquired ~159.92 acres of land in Jonesville, South Carolina (USA).

🏭 Purpose:
▪️ To set up a new manufacturing facility
▪️ Part of its global expansion strategy

🌍 Strategic Goal:
▪️ Strengthen presence across North, Central, and South America
▪️ Enhance supply chain and customer service in key overseas markets

📈 This acquisition marks a pivotal step in scaling operations internationally.

Fundamental Analysis (Long term)

10 Jul 2025 10:03

CRO/CDMO ~ Peer Analysis

Anthem Bioscience v/s Syngene v/s Sai Life v/s Cohance Lifesciences v/s Divi's Lab

Anthem leads in most parameters

Fundamental Analysis (Long term)

10 Jul 2025 08:00

Samir Arora of Helios Capital

- India should get a better US trade deal compared to other nations

- IT services and consumer sectors not performing well due to weak earnings

- US uncertainty and Al disruption weighing on the IT services sector

- Don't expect IT services to make a comeback soon

-FIl outflows have slowed down

- Expect inflows to continue picking up gradually

Fundamental Analysis (Long term)

09 Jul 2025 13:00

PPFAS flexicap changes for June 2025 are out

Most significant changes

- Airtel now a 3.8% position, most significant deployment, increased stock count by 70%
- One new position added in Zydus wellness. .81% of weight via bulk deal.
- Motilal Oswal financial almost a complete exit now, stocks reduced by 90%. IPCA reduced by 20%

Additions

- 1-7% additon across banks, IT after a while , ITC, powergrid and coal india , M&M. tiny overseas additon might be dividend redeployment.
- added more in REITS as part of Flexicap portfolio

Cash: 21.85%, deployment as well as existing share value increase. Essentially a aggressive hybrid fund right now with clear valuation comfort drawn from large caps.

#onefund

Source : https://x.com/Crazynaval/status/1942889311646392564?t=FkJMHHXqOnoDS0co20zl1A&s=19

Fundamental Analysis (Long term)

08 Jul 2025 15:09

Q1FY26 Season start don't missed any Quarterly Result

/channel/+eGyBIduPgNY4OWE1

Fundamental Analysis (Long term)

08 Jul 2025 08:16

Q1 Fy26 Business Updates - Jewellery retailers

- Kalyan points to “multiple demand pauses” triggered by price swings and geopolitics, yet sees resilient wedding demand

- Senco quantifies the spike: domestic gold hit ₹86.9k–₹1.01 lakh/10 g (+32 % YoY). They saw “modest softness” in low-ticket mass/bridal volumes but offset this with old-gold exchange (40 % of sales)

- PNG calls out a “cautious consumer environment”, but festive-led spikes (Akshaya Tritiya) still delivered record days

Also companies highlight of the consumer shift towards more design led jewellery

- Senco highlights brisk diamond, 14 k–18 k growth and is already prototyping 9 k collections

- PNG launched “Litestyle” for lightweight fashion pieces

- Kalyan’s Candere push rides exactly this trend, capturing younger, online-first customers

Fundamental Analysis (Long term)

08 Jul 2025 04:12

Good morning friends

Fundamental Analysis (Long term)

07 Jul 2025 06:41

Intellect Design Arena (Must be tracked)

Officially launched Purple Fabric as the world’s first open business impact AI platform for financial institutions

Invested \~20  Mn hours over 10 years since IPO (2  Mn hours/year), equivalent to \~$2 Bn at global rates or \~$400  Mn at Indian cost bases

Purple Fabric platform projected to generate 1,000 Cr in ARR within 3 years, with the next ambition being 5,000 Cr

Aim to cross 800 Cr quarterly REV in the next few quarters

Expect sustained Mid‑teens REV growth

Higher 50%+ license‑linked REV today, ramping to \~60% within 2–3 years to drive margins expansion

Maintain long‑run EBITDA margin of 30%+, propelled by rising license REV

eMACH. ai & Purple Fabric to be the primary growth driver

Major Deal wins
- Closed a landmark 200 Cr AI transformation deal with a leading London brokerage firm—one of the first real‑world Purple Fabric implementations combined with Magic Submission and eMACH. ai Xponent
- Secured a multi‑country wholesale banking engagement with a top European global bank selecting eMACH. ai for composable transformation across treasury & transaction banking

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)

14 Jul 2025 09:09

VIP INDUSTRIES

Mgmnt speaks to CNBCTV18Live after deal

Dilip Piramal says

Had A Management Crisis In The Last Few Yrs

Younger Generation Is Not Interested In Management Of Co

Went Ahead With A PE Player Because Of Their Expertise In Creating Value

https://x.com/blitzkreigm/status/1944653449724887483

Fundamental Analysis (Long term)

14 Jul 2025 05:36

Best 25+ Themes To look at ~ Double Digit Growth

Market Leaders in Segment⏬

- Auto Ancs : Lumax Auto, Fiem, Lumax, Gabriel, Ask Auto, SJS Ent, Pricol

- Capital Goods : TD Power, Triveni Turbine, Elecon, Kirloskar pneumatic, Interarch, Shivalik Bimetal

- Housing Finance : Aptus Value, India Shelter, Home First, Bajaj Housing, Aadhar Housing

- NBFCs : Bajaj Finance, Chola Fin, Muthoot Fin, SBFC, MAS Fin, Northern ARC, Capri Global

- Retail
Value Retail : V2Retail, Style Bazaar, Trent, Vishal Mega

Jewellery : Kalyan, PN Gadgil, Senco, Manoj Vaibhav, Thangamayil, D.P. Abhushan

- Real Estate : Prestige, Godrej Prop, Lodha, Sunteck, Keystone, Signature Global, Max Estates

- Co-working : EFC, Awfis, SmartWorks

- Platform/Exchange : CarTrade, Zinka Logistics, InfoEdge, PB fintech, Zomato, IEX, MCX, Nykaa

- Ports : Adani Ports, JSW Infra

- Hospitals : Max Health, Yatharth, Dr Agarwal's, NH, KIMS, Medanta, HCG

- API/CDMO/CRDMO : Aarti Pharma, Senores, OneSource, BlueJet, Laurus labs, Innova Captab, Jubilant Pharmova, Supriya Life, Concord Bio

- Diagnostics : Thyrocare, Krsnaa, Vijaya, Metropolis, 3B Blackbio

- Hotels : Indian Hotel, Lemon Tree, Chalet, Samhi, Ventive, Park Hotels, Juniper

- Mutual Funds (Financialisation) : CAMS, Kfin Tech, Anand Rathi, Prudent Corp, HDFC AMC, Nippon life

- Wealth/Asset Management : Motilal Oswal, Nuvama, 360One, Edelweiss, JM Financial

- EMS : Syrma SGS, PGEL, Amber, Dixon, Kaynes, Epack

- Consumer Durables : IFB, Whirlpool, Bluestar, VGuard, Voltas, Crompton

- Crane/Crane Rental : Action Contruction, Sanghvi Mover, Tara Chand, Indo Farm, TIL

- Insurance (Life + General + TPA) : HDFC Life, Max Life, ICICI Pru, Medi Assist, Niva Bupa, Go Digit

- Steel Pipes/Tubes : APL Apollo, Goodluck, Venus Pipes, Hariom Pipes, Sambhv, Hi Tech pipes, Ratnamani

- T&D (Transformers, W&C, EPC) :
Skipper, Transrail lighting, Techno Electric, Polycab, KEI Ind, Apar, RR Kabel, Shilchar Tech, TARIL

- Waste/Water : Jash Engineering, Va Tech, Pondy Oxides, Ganesha Eco, Gravita India

- Infrastructure : L&T, J Kumar, PSP Projects, ITD Cem, Ahluwalia, Capacite Infra

- Exporters : Pokarna, Garware Hi Tech, Goldiam, MPS, LT Foods

- Dairy : Heritage, Hatsun Agro, Dodla Dairy, Parag Milk

- Textiles : Pearl Global, PDS, Faze Three, Thomas Scott, Kitex, Arvind, S P Apparels

Not a reco to buy/sell
Shared only for educational purposes

Credit : https://x.com/EquityInsightss/status/1944378058762510366

Fundamental Analysis (Long term)

14 Jul 2025 03:57

Scoda Tubes Ltd – Stainless Steel, Seamless Growth Ahead ?
- Post IPO, this smallcap pipe player is doubling capacity, ramping exports, and expanding into high-demand welded segments.
- Let’s decode the transition with hard numbers, capex milestones, and margin shifts

1⃣ From Pipes to Platform: Scoda’s Stack
Scoda isn’t chasing volume for volume’s sake.
▪️Seamless Capacity: 10,068 TPA
▪️Welded Capacity: 1,020 TPA
▪️Mother Hollow: 20,000 TPA (hot piercing mill since May 2022)
➡️ In FY25, 85%+ of revenue came from seamless tubes, not welded.

2⃣ Capex That Reflects Intent, Not Just Scale
Capex Outlay: ₹105 Cr (from IPO)
▪️₹55 Cr → Seamless Expansion
▪️₹45 Cr → Welded Pipe Expansion
▪️Timeline:
  Seamless ramp-up by Aug–Sep 2025 (H1 FY26)
  Welded pipes plant commercial by Q1 FY27
▪️Finished Goods Capacity → 11,088 TPA → 33,128 TPA
➡️ 3x total output by FY27, not for chasing tubes, but strategic pipes

3⃣ Financials Show Operating Leverage Already Working
▪️Revenue stood at ₹484.9 Cr in FY25 ⬆️ 21% YoY
▪️EBITDA came in at ₹78.1 Cr ⬆️ 33% YoY
▪️PAT surged to ₹31.7 Cr ⬆️ 73% YoY
▪️EBITDA Margin: 16.1% (+139 bps YoY)
▪️PAT Margin: 6.5% (+197 bps YoY)
▪️Return ratios remain robust:
 ◦ ROE: 29.7%
 ◦ ROCE: 20.4%
 ◦ Debt/Equity: 1.40×
➡️ Revenue is growing, but margin & PAT surge show operating leverage kicking in with scale.

4⃣ Q4 Margin Dip – Explained, Not Alarming
▪️Margin dip was due to higher mother hollow sales, which are lower-margin products
▪️Management clarified: From FY26, all mother hollows will be used in-house
🗣️ “The decline in gross margins was due to a higher proportion of mother hollow sales in Q4.”
🗣️ “Next year, these will be 100% captive.”
➡️ Temporary product mix impact, not a structural issue. Margins expected to normalise.

5⃣ Welded Tubes ⛔ → Welded Pipes ✅
- Scoda is reshaping its welded product strategy.
▪️Current capacity: Welded tubes, demand declining
▪️New capex targets: Welded pipes, broader infra & commercial use
▪️Margin Profiles:
  ◦ Seamless: 16-18% EBITDA
  ◦ Welded Pipes: 12-13% EBITDA
  ◦ Blended: ~15-16% post-expansion
➡️ Management is pivoting into higher-growth, higher-margin product lines.

6⃣ Exports: Europe Now, US Next
- FY25 Export Share: 27%
▪️Europe: 22% | Americas: 4%
▪️Export footprint: 14 countries
▪️Active stockists: 26 (including exclusive partners in US & Europe)
▪️Europe office setup underway
🗣️ “We are setting up offices in Europe to manage logistics and customer interface locally.”
➡️ Scoda is evolving from an exporter to a globally-embedded supplier.

7⃣ Industry Tailwinds Support the Growth Thesis
▪️Global anti-China sentiment continues
▪️EU/US anti-dumping duties on Chinese steel remain in effect
▪️Domestic capacity still below global demand
▪️Industry growth for SS pipes & tubes: 6–8% CAGR (FY24–29)
▪️Management target: 15–20% volume CAGR
🗣️ “We aim to grow 2.5–3x the industry rate in volumes.”
➡️ Scoda is positioned to outgrow the sector, not just ride it.

8⃣ Where the Next Leg of Growth Will Come From
Targeting approvals in new sectors:
▪️Marine
▪️Power
▪️Green Energy
▪️Defence
➡️ These sectors are not included in base growth guidance but offer future upside.

9⃣ Key Risks as Per Management
▪️No volume disclosure (competitive reasons)
▪️Q4 margins impacted by mother hollow mix (temporary)
▪️Revenue concentration:
  ◦ Top 5 Customers: 44%
  ◦ Top 10: 58%
▪️Debt/Equity: 1.40×
▪️No immediate plan to reduce finance costs
➡️ Execution + diversification are the key risks to monitor

🧭 Investor Compass Verdict – Pipes with Purpose
- Scoda isn’t a vanilla pipe manufacturer anymore.
- It’s transforming into a:
▪️Backward-integrated stainless player
▪️Export-anchored margin story
▪️Capex-backed volume compounder
▪️Strategically positioned for PSU infra and global sourcing shifts
- If they execute, it compounds. If they delay, it de-rates.
- High risk. High conviction.


@Faundamental3

Fundamental Analysis (Long term)

11 Jul 2025 09:03

Bansal Wires Says Expect EBITDA/tonne At ₹6,500 In FY26, To Rise To ₹8,000-9,000

Fundamental Analysis (Long term)

11 Jul 2025 09:03

BANSAL WIRES management Says 20-25% Of Revenue To Come From Value-added Products By FY26-end

Fundamental Analysis (Long term)

11 Jul 2025 06:30

NPAs related to Gensol were known to the market, another one-off in Q1 was due to assets booked back in FY20

Expect 12-15 bps decline in cost of borrowing through 54EC Bonds

Pradip Kumar Das, IREDA to CNBC-TV18

Fundamental Analysis (Long term)

10 Jul 2025 12:32

Q1FY26 RESULT START

TCS RESULT OUT

NOT TO MISS @Stockupdate9

Fundamental Analysis (Long term)

10 Jul 2025 09:10

Headlines from Arihant Export Data update:

1. Kitex and Gokaldas exports witnessed growth in Q1FY26

2. Rice exports remain weak in Q1FY26

3. Pharma exports remain healthy in Q1FY26

4. Chemicals exports remain mixed in Q1FY26

5. Packaging companies exports remains weak in Q1FY26

Fundamental Analysis (Long term)

10 Jul 2025 05:03

Blue Jet Healthcare – The Next-Gen CDMO Ascent

- Forget FY25 numbers. Let’s talk strategic roadmap, growth flywheels, and how Blue Jet is positioning to become a core play in India's pharma CDMO ascent.
- Here’s the investor’s lens on what really matters

1️⃣ The Business Is Changing – From Bulk to Bespoke
- Blue Jet isn’t just a manufacturer of intermediates.
It’s building a precision-engineered CDMO platform for chronic therapies and radiology molecules.
▪️ From volume sweeteners & legacy CMIs
➡️ To patent-protected intermediates, NCEs, GLP-1s
▪️ From India exporter
➡️ To global innovator partner
▪️ From fixed-capacity business
➡️ To modular, scalable, multi-client asset-light CDMO
- They’re playing the chemistry + compliance + client trust game. Not the generics game.

2️⃣ Growth Vectors – Three Strategic Pillars
Here’s the core growth map Blue Jet is executing:
1. CV Blockbuster Intermediate (PI/API)
▪️Sole supplier to a US + EU innovator
▪️60%+ YoY Rx growth → Patent valid till 2040
▪️Scalable, high-margin, price-inelastic
2. Contrast Media NCE Ramp-Up
▪️Gadopiclenol (MRI) & Iodinated (X-ray) molecules now live
▪️Commercial supplies started Q4FY25
▪️FY27: Full ramp, strong capacity readiness
3. CDMO Pipeline Transition
▪️20+ new molecules under development
▪️30% already in late Phase 3 or commercial
▪️Focus: GLP-1s, oncology, cardio, CNS
➡️ Being built to replace Chinese suppliers, this is durable demand

3️⃣ Execution Engine – Capacity Is Ahead of Demand
Here’s why execution risk is low:
▪️Ambernath (Unit-2): Running at ~65% utilization
▪️Mahad (Unit-3):
KSM backward integration → H2FY26
MPP with 30 GMP reactors → H2FY27
▪️Dahej (GIDC): Land secured. Scalable pipeline buffer
▪️De-bottlenecking headroom: 20%+ capacity upscaling in 8-9 weeks
- CAPEX = ₹300 Cr | R&D = ₹40 Cr | CWIP already progressing
➡️ Blue Jet isn’t building blind, it’s building to contracts and RFPs already in play

4️⃣ Strategic Positioning – Where Others Can’t Compete
Blue Jet operates in low-competition, high-barrier zones:
▪️Regulatory complexity
▪️Customer-specific validations
▪️Global CDMO shift away from China
▪️Long-term relationships (4-26 years)
▪️Early-mover advantage in GLP-1 intermediates, peptide chemistry
➡️ It's not just about “molecules,” it’s about invisible moats process integration, customer IP lock-ins, audit trails.

5️⃣ What Should Investors Track in FY26-FY27 ?
Execution markers:
▪️Validation of Mahad KSM unit (H2FY26)
▪️Commercial traction from gadopiclenol, iodinated NCE
▪️Conversion of 20 CDMO projects → commercial scale
▪️Progress on MPP commissioning + Dahej ramp plan
▪️QIP/fundraise clarity (₹1,500 Cr approved)
Strategic metrics:
▪️Client stickiness
▪️Supply chain stability post-China+1
▪️Margin durability (currently 36.7% EBITDA)
▪️Sustained high ROCE >30%
Risks to watch:
▪️Contrast Media: any new destocking/inventory overhang
▪️Working capital tightness in scale-up phase
▪️Delay in new capacity utilization

🧭 The Investors Compass – Why This Matters Long-Term
- Blue Jet is not a valuation bet.
- It’s a visibility + stickiness + margin resilience bet.
▪️No generics exposure
▪️Zero debt, strong cash, high asset turns
▪️Rare mix of CDMO tailwinds + operating leverage
▪️Future-ready capacity + customer lock-ins
- It’s building the TSMC of niche pharma intermediates, not chasing the commoditized API crowd.

Src Investors compass

Fundamental Analysis (Long term)

09 Jul 2025 07:51

Northern ARC FY26 Guidance :
- AUM growth: 22–25 %
- D2C share to rise from 52 % to 60 % in the medium term
- Credit cost to stay in the 240–250 bps range
- Retail growth led by secured loans to MSMEs & consumer finance
- NIM expected to expand due to the D2C push
- Fee income to add 80–90 bps to NIM via credit placement & fund business

Fundamental Analysis (Long term)

08 Jul 2025 08:30

Astra Microwave Products says

🎯 FY26 revenue target at Rs.1200 cr
🎯 Expect orders of approx Rs.1800-2000 cr from the QRSAM project by end of FY26

@Stockupdate9

Fundamental Analysis (Long term)

08 Jul 2025 06:30

Maintain revenue target of ₹1,200 cr for FY26, expect orders in the range of ₹1,800-2,000 cr from the QRSAM project

QRSAM orders could flow in by Q4FY26 or Q1FY27

Atim Kabra, Director, Astra Microwave to CNBC-TV18

Fundamental Analysis (Long term)

07 Jul 2025 08:37

Northern Arc Capital – A Quiet Compounder Ready for Re-rating ?

- From being a debt aggregator to now a D2C lender, fund manager, and tech platform.
- With core segments in lending, placements, and fund management, Northern Arc is emerging as India’s next-gen retail credit infra engine.

- Here’s why it deserves investor attention⤵️

1️⃣ D2C Lending Engine – Built, Scaled, Proven
▪️D2C AUM: ₹986 Cr (FY21) ➡️ ₹7,064 Cr (FY25) | 64% CAGR
▪️Now 52% of AUM (vs 19% in FY21)
▪️MSME: ₹2,574 Cr | Secured | 17–20% yield
▪️Consumer: ₹3,390 Cr | ROA >4% | 15–16% yield
▪️Rural: ₹1,100 Cr | AUM dialed down prudently by 27% YoY
🗣 “This shift underscores our strategic focus on building a granular, customer-centric portfolio.”

2️⃣ Tech Stack – From Infra to IP
▪️Nimbus: Enabled ₹1L Cr+ in credit flow
▪️nPOS: 20K–25K co-lending transactions/day
▪️NuScore: AI-led underwriting now licensed externally
▪️Altifi: 45,000+ retail bond investors on-boarded
🗣 “We are beginning to see signs of monetizing our proprietary tech platforms.”

3️⃣ Fee Income Flywheel – Scaling Fast
▪️Fund AUM: ₹3,158 Cr across 6 funds | IRR ~14.25%
▪️Placement Volume: ₹12,393 Cr in FY25 | 80% repeat investors
▪️Early monetization of SaaS, Altifi, and distribution infra
🗣 “These are not one-off earnings, these are platform-driven, recurring revenues.”

4️⃣ FY25 Financials – Quietly Strong
▪️Net Interest Income: ₹1,147 Cr (+33% YoY)
▪️PPoP: ₹791 Cr (+46% YoY)
▪️Adj. Net Profit: ₹356 Cr (+15% YoY, excl. DLG provision)
▪️Opex Ratio: 3.64% | Cost-to-Income: 36.5%
▪️NIM (Q4FY25): 10% | Cost of Funds: 9%
🗣 “Our execution focus and operating discipline drove margin and scale.”

5️⃣ Risk Management – Embedded Edge
▪️GNPA: 0.93% | NNPA: 0.36% | PCR: 60%
▪️₹60 Cr overlay | 90 DPD write-off policy
▪️Real-time district-level surveillance across 250+ locations
▪️NuScore powers both internal and partner underwriting
🗣 “We build for long-term risk, not quarter-to-quarter optics.”

6️⃣ Balance Sheet – Capital to Grow Without Dilution
▪️Capital Adequacy: 24.7%
▪️D/E: 2.9x (down from 3.9x YoY)
▪️₹650 Cr surplus liquidity + ₹1,200 Cr undrawn bank lines
▪️No equity raise planned for next 3 years
🗣 “We are not under pressure, neither for IPO nor capital. We do what’s right.”

7️⃣ FY26 – Monetization + Growth Phase
▪️Credit cost guidance: ~2.5% (normalizing)
▪️Tech monetization underway: Nimbus, NuScore, nPOS
▪️Fund launches: Climate Fund, Emerging Biz Fund, 2X Fund
▪️Expanding Altifi traction in retail bond distribution
🗣 “FY26 is about harvesting the optionality we’ve built over the last 3 years.”

🧭 Investor Compass View
Northern Arc is no longer just an NBFC. It’s emerging as:
▪️A proven D2C credit engine
▪️A monetizable tech platform
▪️A fund & fee income powerhouse
▪️A system-level infra enabler for India’s credit ecosystem
➡️ A re-rating won’t come from noise. It will come from execution, data, and institutional relevance.

Fundamental Analysis (Long term)

07 Jul 2025 06:32

Will take about 5 yrs to complete Sukhoi 30 upgrade; expected to be a ₹65,000 cr proj, First LCH aircraft to be rolled out in FY28

Revenue growth expected to be in excess of 8-10% going ahead, will maintain current EBITDA levels going ahead

D K Sunil, Hindustan Aeronautics to CNBC-TV18

Fundamental Analysis (Long term)

05 Jul 2025 06:54

https://youtu.be/hnsBwidCMwg