The mood at the start of this week is a constructive one. I am bullish on the economy, and the Prime Minister’s Independence Day address has only strengthened that view. In his speech, he announced a fresh set of growth measures for the Indian economy, and if these are carried through, they should keep the … Read more
Cleanest volume-led numbers in several quarters, Hush Puppies and Floatz leading, ZBM covering 80% of COCO revenue, e-commerce at 14% of turnover For the better part of the last two years, Bata India’s management has been executing a quiet but comprehensive self-help agenda — simplifying the product range, rationalising vendors and store formats, installing the … Read more
Rs 160 billion order book, tower capacity doubled, conductor capacity doubling, Rs 800-1,000 billion domestic T&D pipeline ahead There is a specific setup in small and mid cap stocks that experienced investors recognise — a quality business whose stock corrects sharply on a guidance cut and modest quarterly results, while the underlying order book, execution … Read more
Over the last two weeks, there has been a noticeable improvement in the market — both in the final week of July and the first week of August. The primary reason is that even as geopolitical tensions persist, there is no shortage of inflows into the market. The dollar is also hovering around 95, which … Read more
Zudio at 982 stores and accelerating into smaller cities, margins expanding 208 basis points, private labels at 73% of Star Bazaar revenue Sometimes the most interesting moment to look at a quality retail business is not when everything is going right, but when the operating delivery is strong and the stock has corrected anyway. Trent’s … Read more
Sales grew 20%+ in the second half of Q1, June and July accelerating into festive season, 371,000 direct outlets and adding 50,000 more in FY27 The headline Q1FY27 numbers for Bikaji Foods — revenue growth of 12.5%, EBITDA up just 3%, PAT flat year-on-year — do not capture the story that management’s earnings call told. … Read more
125 proprietary technologies, a Rs 166 billion order book, net-cash balance sheet, and structural demand from water scarcity, data centres and semiconductors There are companies that operate in industries so obviously important that it is surprising more investors are not talking about them. Va Tech Wabag — a century-old water technology company listed on Indian … 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
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