Members only16 Sept
Jyoti CNC: An important company to watch out for in H2 2027
Jyoti CNC: An important company to watch out for in H2 2027.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only07 Sept
Sakar Health Care analysis
Walking through Sakar Healthcare out loud — the two plants, why profit is growing far faster than revenue, and why 16 approvals out of 178 submissions is the number that decides the FY27 guidance.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only06 Sept
Analysing Aequs Ltd
Aequs is the Indian Tier-2 supplier that has spent close to two decades putting all four steps of aerospace manufacturing inside a single fence. This note walks through the business in full.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only05 Sept
Astra Microwave — why a big order book isn’t the same as revenue
Astra Microwave is another good example of what can happen in a business where execution matters more than just having a large order book and why only knowing about a macro theme isn’t enough.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only05 Sept
How I look at QIPs
How I look at QIPs.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only03 Sept
How EV 2 wheeler space is looking
How EV 2 wheeler space is looking.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only03 Sept
My portfolio observations
My portfolio observations.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only02 Sept
The shift happening in Indian auto part makers
A shift happening in Indian auto part makers.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only02 Sept
Netweb Technologies
Audio note on Netweb Technology business coverage.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only27 Aug
How I look at macro?
Macro research is not only about seeing a trend and jumping into it. It’s about identifying the theme and then going deeper into the actual companies and value chain.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.
Members only13 Aug · 07:40
Reading the small-finance bank concalls back to back — the deposit-mix story nobody is pricing
Four transcripts, one common thread: the margin pressure everyone is calling a yield problem looks much more like a cost-of-funds problem. Where I think the market is reading the wrong line item.
This entry is part of the members' archive. The full note continues for another eleven paragraphs, along with the underlying working and the spreadsheet built while reading through the filings.
It closes with the two questions worth putting to management on the next call, and what would have to change for the view to change with it.