India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Ather Energy to Invest Over Rs 2,000 Crore in Maharashtra Plant</li>
<li>UltraTech Cement to acquire 23% stake in India Cements for Rs 1,885 crore</li>
<li>India's government bonds included in JP Morgan Emerging Market index</li>
</ul>


Ather Energy to Invest Over Rs 2,000 Crore in Maharashtra Plant
UltraTech Cement to acquire 23% stake in India Cements for Rs 1,885 crore
India's government bonds included in JP Morgan Emerging Market index


#20 India Insight: Ultratech Cement Acquisition, India's Bond in JP Morgan, Ather Energy Investment

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ambuja-cements-ltd" target="_blank" data-smartkarma-citation="entities:14745:1" rel="noopener">Ambuja Cements (ACEM IN)</a> to Acquire Penna Cement for Rs. 10,422 Crore</li>
<li>
<a href="https://www.smartkarma.com/entities/puravankara-projects-ltd" target="_blank" data-smartkarma-citation="entities:15711:1" rel="noopener">Puravankara Projects (PURVA IN)</a> raising 1000 Cr via QIP and <a href="https://www.smartkarma.com/entities/vodafone-idea-ltd" target="_blank" data-smartkarma-citation="entities:15678:1" rel="noopener">Vodafone Idea (IDEA IN)</a> approved 2458 Cr Preferential allotment</li>
<li>Upcoming 53rd GST Council Meeting to Address Key Taxation Issues</li>
</ul>



Ambuja Cements (ACEM IN) to Acquire Penna Cement for Rs. 10,422 Crore

Puravankara Projects (PURVA IN) raising 1000 Cr via QIP and Vodafone Idea (IDEA IN) approved 2458 Cr Preferential allotment
Upcoming 53rd GST Council Meeting to Address Key Taxation Issues


#14 India Insight: Ambuja Acquiring Penna, Vodafone Idea & Purvankara Fundraise, L&T, GST

<ul>
<li>Adani Group readying its war-chest with the fund raise as it recovered from Hindenburg Saga</li>
<li>Reliance entering into logistics infrastructure sector with its logistics park in Chennai</li>
<li>NTPC soon to launch its renewables arm IPO of 10,000 crore after elections</li>
</ul>


Adani Group readying its war-chest with the fund raise as it recovered from Hindenburg Saga
Reliance entering into logistics infrastructure sector with its logistics park in Chennai
NTPC soon to launch its renewables arm IPO of 10,000 crore after elections


#2 India Insights: Adani on Fundraising Spree, RIL Betting on Logistics, NTPC Green IPO Soon

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Ambuja Cement: We maintain ADD with an unchanged TP of INR 620/share (16.5x its consolidated FY26E EBITDA)</li><li>During Q4FY24, consolidated volumes rose 17% YoY owing to the low base and ramp-up of recently acquired Sanghi plants</li><li>Weak pricing across markets drove down NSR by INR 394/MT QoQ (-7%)</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cement: We maintain ADD with an unchanged TP of INR 620/share (16.5x its consolidated FY26E EBITDA)During Q4FY24, consolidated volumes rose 17% YoY owing to the low base and ramp-up of recently acquired Sanghi plantsWeak pricing across markets drove down NSR by INR 394/MT QoQ (-7%)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Ambuja Cement, Havells India, Dabur, ACC

<ul><li>Demand firmed up but at the expense of pricing: In our view, cement demand again firmed up in Q4FY24 on a strong pick-up in non-trades sales</li><li>We estimate aggregate volumes will grow 10% YoY in Q4FY24 (as against 8% YoY in Q3)</li><li>However, owing to aggressive volume push in non-trade segments (channel check suggests major players pushed volumes hard in Q4), cement pricing took a beating during the peak demand quarter</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Demand firmed up but at the expense of pricing: In our view, cement demand again firmed up in Q4FY24 on a strong pick-up in non-trades salesWe estimate aggregate volumes will grow 10% YoY in Q4FY24 (as against 8% YoY in Q3)However, owing to aggressive volume push in non-trade segments (channel check suggests major players pushed volumes hard in Q4), cement pricing took a beating during the peak demand quarterContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cement (Q4FY24 Results Preview): Weak pricing dampens industry margin

India

Ambuja Cements Limited is an Indian cement producing company that manufactures and markets cement, clinker, and related products for domestic and export markets. Its product portfolio includes ordinary portland cement, portland pozzolana cement, and ready-mix concrete. The company is headquartered in Mumbai, Maharashtra, India, and was founded in 1983.

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Ambuja Cements (ACEM IN)

#20 India Insight: Ultratech Cement Acquisition, India's Bond in JP Morgan, Ather Energy Investment

Major investments in manufacturing and infrastructure sectors in India, with Ather Energy and UltraTech Cement leading the way, while India's...

Sudarshan Bhandari

#14 India Insight: Ambuja Acquiring Penna, Vodafone Idea & Purvankara Fundraise, L&T, GST

Ambuja Cements to acquire Penna Cement, Puravankara raising 1k Cr via QIP, VI approved 2458 Cr Preferential allotment, upcoming GST Council...

Sudarshan Bhandari

#2 India Insights: Adani on Fundraising Spree, RIL Betting on Logistics, NTPC Green IPO Soon

Adani Group rebounds from Hindenburg Saga, Reliance ventures into logistics, NTPC to launch renewables IPO post-elections.

Sudarshan Bhandari

HSIE Results Daily: Ambuja Cement, Havells India, Dabur, ACC

During Q4FY24, consolidated volumes rose 17% YoY owing to the low base and ramp-up of recently acquired Sanghi plants. Weak pricing across markets...

HDFC Securities

Cement (Q4FY24 Results Preview): Weak pricing dampens industry margin

Demand firmed up but at the expense of pricing: In our view, cement demand again firmed up in Q4FY24 on a strong pick-up in non-trades sales

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

#20 India Insight: Ultratech Cement Acquisition, India's Bond in JP Morgan, Ather Energy Investment

​Major investments in manufacturing and infrastructure sectors in India, with Ather Energy and UltraTech Cement leading the way, while India's...

Sudarshan Bhandari

#14 India Insight: Ambuja Acquiring Penna, Vodafone Idea & Purvankara Fundraise, L&T, GST

​Ambuja Cements to acquire Penna Cement, Puravankara raising 1k Cr via QIP, VI approved 2458 Cr Preferential allotment, upcoming GST Council...

Sudarshan Bhandari

#2 India Insights: Adani on Fundraising Spree, RIL Betting on Logistics, NTPC Green IPO Soon

​Adani Group rebounds from Hindenburg Saga, Reliance ventures into logistics, NTPC to launch renewables IPO post-elections.

Sudarshan Bhandari

HSIE Results Daily: Ambuja Cement, Havells India, Dabur, ACC

During Q4FY24, consolidated volumes rose 17% YoY owing to the low base and ramp-up of recently acquired Sanghi plants. Weak pricing across markets...

HDFC Securities

Cement (Q4FY24 Results Preview): Weak pricing dampens industry margin

Demand firmed up but at the expense of pricing: In our view, cement demand again firmed up in Q4FY24 on a strong pick-up in non-trades sales

HDFC Securities

Major investments in manufacturing and infrastructure sectors in India, with Ather Energy and UltraTech Cement leading the way, while India's...

Ambuja Cements to acquire Penna Cement, Puravankara raising 1k Cr via QIP, VI approved 2458 Cr Preferential allotment, upcoming GST Council...

Adani Group rebounds from Hindenburg Saga, Reliance ventures into logistics, NTPC to launch renewables IPO post-elections.