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.

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Thematic (Sector/Industry)

<ul>
<li>GAIL and BPCL have partnered with Chhattisgarh Biofuel Development Authority to establish compressed biogas plants in six cities, utilizing urban waste for clean energy production, promoting sustainability, and creating jobs.</li>
<li>India’s 2025-26 budget is expected to allocate Rs 30,000 crore to new and renewable energy, with PM Surya Ghar scheme aiming for 50 lakh rooftop solar installations by 2026.</li>
<li>Airtel and Bajaj Finance have partnered to create a digital financial services platform. Initially, Airtel will offer Bajaj Finance’s products via its Airtel Thanks App, expanding to nationwide stores later.</li>
</ul>


GAIL and BPCL have partnered with Chhattisgarh Biofuel Development Authority to establish compressed biogas plants in six cities, utilizing urban waste for clean energy production, promoting sustainability, and creating jobs.
India’s 2025-26 budget is expected to allocate Rs 30,000 crore to new and renewable energy, with PM Surya Ghar scheme aiming for 50 lakh rooftop solar installations by 2026.
Airtel and Bajaj Finance have partnered to create a digital financial services platform. Initially, Airtel will offer Bajaj Finance’s products via its Airtel Thanks App, expanding to nationwide stores later.


#91 India Insight: GAIL, BPCL Biogas Plants; Airtel, Bajaj Launch ; ₹30k Cr for Renewable Energy

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dixon-technologies-india-ltd" target="_blank" data-smartkarma-citation="entities:25486:1" rel="noopener">Dixon Technologies India Ltd (DIXON IN)</a>  plans to invest $3 billion to establish a display fabrication facility in India, aiming to capitalize on government subsidies and enhance its position.</li>
<li>
<a href="https://www.smartkarma.com/entities/zomato-ltd" target="_blank" data-smartkarma-citation="entities:28820:1" rel="noopener">Zomato (ZOMATO IN)</a> Quick Commerce Business, Blinkit is rapidly expanding its dark store network in India's competitive quick-commerce market, leading to short-term losses but aiming for long-term gains.</li>
<li>
<a href="https://www.smartkarma.com/entities/hindustan-aeronautics-ltd" target="_blank" data-smartkarma-citation="entities:26747:1" rel="noopener">Hindustan Aeronautics (HNAL IN)</a>  aims delivering 16 LCA Mk1A jets to the IAF by 2025, a history of delays and a recent unconfirmed report raise questions about the program's timeline.</li>
</ul>



Dixon Technologies India Ltd (DIXON IN)  plans to invest $3 billion to establish a display fabrication facility in India, aiming to capitalize on government subsidies and enhance its position.

Zomato (ZOMATO IN) Quick Commerce Business, Blinkit is rapidly expanding its dark store network in India's competitive quick-commerce market, leading to short-term losses but aiming for long-term gains.

Hindustan Aeronautics (HNAL IN)  aims delivering 16 LCA Mk1A jets to the IAF by 2025, a history of delays and a recent unconfirmed report raise questions about the program's timeline.


#90 India Insight: Dixon's $3 Bn Display Fab, Blinkit Expansion Burns Cash, HAL Delays

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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>The Q3FY25 earnings season was marked by a) Festival demand, 2) Sequential improvement in government spending, 3) Moderation in Urban consumption, 4) Some uptick in rural consumption, 5) Rising bond yields and 6) Currency tailwinds.</li><li>H1FY25 was challenging in terms of an overall reduction in government spending, credit tightening in unsecured lending, consumption slowdown especially in the urban area, extended monsoon, and inflation.</li><li>Collectively these factors have contributed to the slowdown in the corporate earnings during H1FY25. </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.

The Q3FY25 earnings season was marked by a) Festival demand, 2) Sequential improvement in government spending, 3) Moderation in Urban consumption, 4) Some uptick in rural consumption, 5) Rising bond yields and 6) Currency tailwinds.H1FY25 was challenging in terms of an overall reduction in government spending, credit tightening in unsecured lending, consumption slowdown especially in the urban area, extended monsoon, and inflation.Collectively these factors have contributed to the slowdown in the corporate earnings during H1FY25. 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.

<ul><li>The systemic credit growth (as of 13th December, 2024) has tapered to ~11.5% vs 15-16% in the recent past.</li><li>This is primarily driven by a significant slowdown in the unsecured loans alongside banks, mainly private banks intending to bring down their LDRs to a balanced level.</li><li>Amidst concerns around asset quality in certain segments (majorly unsecured lending), weaker-than-expected macro data and constraints around LDR (for certain banks), banks have been cautious towards chasing aggressive growth. .</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.

The systemic credit growth (as of 13th December, 2024) has tapered to ~11.5% vs 15-16% in the recent past.This is primarily driven by a significant slowdown in the unsecured loans alongside banks, mainly private banks intending to bring down their LDRs to a balanced level.Amidst concerns around asset quality in certain segments (majorly unsecured lending), weaker-than-expected macro data and constraints around LDR (for certain banks), banks have been cautious towards chasing aggressive growth. .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.

Q3FY25 Earnings Preview - Banks, Financial Services and Insurance (BFSI)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bajaj-finance-ltd" target="_blank" data-smartkarma-citation="entities:8950:1" rel="noopener">Bajaj Finance Ltd (BAF IN)</a>  reported strong Q3 FY25 growth, with a 28% rise in AUM, 22% increase in loans issued, and a 19% rise in deposits. </li>
<li>India aims to reach $500 billion in electronics production by 2030, focusing on mobile phones, IT hardware, and wearables. The PLI scheme will support supply chain growth.</li>
<li>
<a href="https://www.smartkarma.com/entities/hdfc-bank-ltd-4b6b7a92-9087-468d-9dbe-ab169e77f014" target="_blank" data-smartkarma-citation="entities:558:1" rel="noopener">HDFC Bank (HDFCB IN)</a>  has received RBI approval to acquire up to 9.5% stakes in Kotak Mahindra, AU Small Finance, and Capital Small Finance Banks through its subsidiaries</li>
</ul>



Bajaj Finance Ltd (BAF IN)  reported strong Q3 FY25 growth, with a 28% rise in AUM, 22% increase in loans issued, and a 19% rise in deposits. 
India aims to reach $500 billion in electronics production by 2030, focusing on mobile phones, IT hardware, and wearables. The PLI scheme will support supply chain growth.

HDFC Bank (HDFCB IN)  has received RBI approval to acquire up to 9.5% stakes in Kotak Mahindra, AU Small Finance, and Capital Small Finance Banks through its subsidiaries


#80 India Insight: Bajaj Finance Adds 5M Users, Electronics Production Aim $500B, HDFC Gains RBI Nod

India

Bajaj Finance is an Indian deposit-taking non-banking financial company (NBFC) that offers a diversified portfolio of financial products and services. These include consumer loans, SME and commercial lending, rural lending, fixed deposits, and various investment and insurance products. The company is headquartered in Pune, India, and was founded on March 25, 1987.

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Bajaj Finance (BAF IN)

#91 India Insight: GAIL, BPCL Biogas Plants; Airtel, Bajaj Launch ; ₹30k Cr for Renewable Energy

GAIL and BPCL partner with Chhattisgarh for biogas plants, India's budget to allocate Rs 30,000 crore for renewable energy, Airtel and Bajaj...

Sudarshan Bhandari

#90 India Insight: Dixon's $3 Bn Display Fab, Blinkit Expansion Burns Cash, HAL Delays

Dixon Technologies to invest $3 billion in display facility, Zomato's Blinkit expanding dark store network, HAL aims to deliver 16 LCA jets by...

Sudarshan Bhandari

Q3FY25 - Consolidated Earnings Preview

The Q3FY25 earnings season was marked by a) Festival demand, 2) Sequential improvement in government spending, 3) Moderation in Urban consumption

Axis Direct

Q3FY25 Earnings Preview - Banks, Financial Services and Insurance (BFSI)

We expect banks under our coverage to deliver ~12% YoY credit growth in Q3FY25, in-line with industry growth. We would expect the systemic growth...

Axis Direct

#80 India Insight: Bajaj Finance Adds 5M Users, Electronics Production Aim $500B, HDFC Gains RBI Nod

Bajaj Finance sees strong Q3 growth, India targets $500 billion in electronics production by 2030, HDFC Bank gets RBI approval for stake...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

#91 India Insight: GAIL, BPCL Biogas Plants; Airtel, Bajaj Launch ; ₹30k Cr for Renewable Energy

​GAIL and BPCL partner with Chhattisgarh for biogas plants, India's budget to allocate Rs 30,000 crore for renewable energy, Airtel and Bajaj...

Sudarshan Bhandari

#90 India Insight: Dixon's $3 Bn Display Fab, Blinkit Expansion Burns Cash, HAL Delays

​Dixon Technologies to invest $3 billion in display facility, Zomato's Blinkit expanding dark store network, HAL aims to deliver 16 LCA jets by...

Sudarshan Bhandari

Q3FY25 - Consolidated Earnings Preview

The Q3FY25 earnings season was marked by a) Festival demand, 2) Sequential improvement in government spending, 3) Moderation in Urban consumption

Axis Direct

Q3FY25 Earnings Preview - Banks, Financial Services and Insurance (BFSI)

We expect banks under our coverage to deliver ~12% YoY credit growth in Q3FY25, in-line with industry growth. We would expect the systemic growth...

Axis Direct

#80 India Insight: Bajaj Finance Adds 5M Users, Electronics Production Aim $500B, HDFC Gains RBI Nod

​Bajaj Finance sees strong Q3 growth, India targets $500 billion in electronics production by 2030, HDFC Bank gets RBI approval for stake...

Sudarshan Bhandari

GAIL and BPCL partner with Chhattisgarh for biogas plants, India's budget to allocate Rs 30,000 crore for renewable energy, Airtel and Bajaj...

Dixon Technologies to invest $3 billion in display facility, Zomato's Blinkit expanding dark store network, HAL aims to deliver 16 LCA jets by...

Bajaj Finance sees strong Q3 growth, India targets $500 billion in electronics production by 2030, HDFC Bank gets RBI approval for stake...