Team MWP A public infra EPC player with a Rs 1,235.90 crore order book has hit the market with a Rs 251.88 crore mainboard issue Technocraft Ventures Ltd. (TVL), an EPC contractor working on water, wastewater, roads, transmission and urban infrastructure projects, is open for subscription. Technocraft Ventures Ltd. (TVL) is a public infrastructure EPC (Engineering, Procurement … Read more
One of India’s leading lead recyclers heads to the mainboard with a Rs 425.87 crore issue — riding a sharp jump in revenue and margins that investors will want to unpack. Ardee Industries Ltd. (AIL), one of India’s leading players in the recovery and recycling of end-of-life energy storage products and non-ferrous scrap, opens for … Read more
Steel capex, naval modernisation, three strategic acquisitions and a merger that creates a vertically integrated platform There are turnaround stories. And then there are turnaround stories where the engineering revenues grow from Rs 501 million to Rs 10.5 billion in four years — a compound annual growth rate of over 110% — and where the … Read more
Revenue up 35.9%, domestic volumes up 34%, SUVs up 35% — but commodity inflation and a settlement cycle change crushed EBITDA by 18.7% versus estimates Maruti Suzuki’s Q1FY27 was a tale of two numbers. The volume and revenue story was genuinely impressive — 29.3% overall volume growth, domestic up 34%, SUVs up 35%, revenue beating … Read more
The windmill tower maker opens its Rs 177.81 crore issue on August 3 with a Rs 359 crore order book Anawil Wire & Engg. Ltd. (AWEL), a maker of steel towers for wind turbine generators, opens for subscription on August 3 with the issue closing on August 5. The company is listing on NSE SME … Read more
Sensor-less motor controls, integrated starter generators scaling, capacity tripling in 2HCY26 — HSBC initiates Sedemac Mechatronics post-IPO with a BUY and Rs 3,700 target, calling it a rare R&D-led compounder Sedemac creates mission-critical control systems — sophisticated electronics that manage how motors start, run and behave in conditions where failure is not acceptable. Its breakthrough … Read more
Revenue up 31.5%, EBITDA margins holding at 24% despite commodity inflation, a new greenfield plant approved, the Flying Flea EV launched There are quarters that beat estimates. And then there are quarters that beat estimates by 9.2% on revenue and 7.2% on EBITDA simultaneously — against a backdrop of commodity inflation — while also posting … Read more
Colombo West ramping fast, marine fleet at 135 vessels, Argentina LNG contract signed, Rs 900 billion capex plan funded from internal accruals There are infrastructure companies that grow steadily and there are infrastructure companies that are simultaneously executing a domestic expansion, ramping an international port in Sri Lanka, growing a marine fleet, signing LNG contracts … Read more
Strong execution on defence electronics, QR-SAM finalisation imminent, zero import target within five years, Rs 22 billion in annual R&D Bharat Electronics delivered a solid if unspectacular first quarter of FY27 — revenue beat estimates, PAT was in line, and the order book remains one of the most visible in India’s defence electronics space. The … Read more
A power distribution infrastructure services company with a Rs 553 crore order book plans to raise Rs 42.25 crore via the BSE SME platform. G V Electricals Ltd., a provider of operations and maintenance and allied support services to electricity distribution utilities across India, opens for subscription on July 31 with the issue closing on … Read more