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>The Iran-Israel conflict has crippled Gulf aluminium smelters, blocked 5.14 mn tonnes of annual exports through the Strait of Hormuz &amp; sent LME aluminium to a 4-year high above $3,665/tonne </li>
<li>India's domestic can capacity runs 20%+ below demand and beverage majors face potential shortfall, when 120 –130 mn units went unmet state governments faced 1,300 crore in lost excise revenue.</li>
<li>This is simultaneously a near-term supply crunch and structural inflection: India's beverage packaging industry must accelerate domestic capacity investment or it will remain hostage to geopolitical shocks every peak season</li>
</ul>


The Iran-Israel conflict has crippled Gulf aluminium smelters, blocked 5.14 mn tonnes of annual exports through the Strait of Hormuz &amp; sent LME aluminium to a 4-year high above $3,665/tonne 
India's domestic can capacity runs 20%+ below demand and beverage majors face potential shortfall, when 120 –130 mn units went unmet state governments faced 1,300 crore in lost excise revenue.
This is simultaneously a near-term supply crunch and structural inflection: India's beverage packaging industry must accelerate domestic capacity investment or it will remain hostage to geopolitical shocks every peak season


How the Iran War Disrupted India’s Summer Drinks Supply?

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Bottom-Up

<ul>
<li>In Apr 2023, <a href="https://www.smartkarma.com/entities/zjld-group-inc" target="_blank" data-smartkarma-citation="entities:36734:1" rel="noopener">ZJLD Group (6979 HK)</a> raised around US$676m in its HK IPO. While it initially had a turbulent listing, the shares are now trading above its IPO price.</li>
<li>ZJLD Group (ZJLD) is a Chinese liquor company primarily producing baijiu. </li>
<li>In this note, we will talk about the company’s past performance and future prospects.</li>
</ul>


In Apr 2023, ZJLD Group (6979 HK) raised around US$676m in its HK IPO. While it initially had a turbulent listing, the shares are now trading above its IPO price.
ZJLD Group (ZJLD) is a Chinese liquor company primarily producing baijiu. 
In this note, we will talk about the company’s past performance and future prospects.


2024 High Conviction - ZJLD - Buoyed by a Premiumisation Shift

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Equity Capital Markets

<ul>
<li>Emperador (Emp) is looking to raise up to US$750m via a secondary listing in Singapore.</li>
<li>Emp is the Philippines’ largest liquor company and the world’s largest brandy producer. Its products are sold in over 100 countries.</li>
<li>In this note, we look at the company's past performance.</li>
</ul>


Emperador (Emp) is looking to raise up to US$750m via a secondary listing in Singapore.
Emp is the Philippines’ largest liquor company and the world’s largest brandy producer. Its products are sold in over 100 countries.
In this note, we look at the company's past performance.


Emperador Secondary Listing - Driven by Whisky, Supported by Brandy

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>The recent decline in Carlsberg's share price do not seem to fully reflect the upcoming decline in Return on Capital's results.</li>
<li>The company underperforming its major peers, including asset impairments, lower volumes, sales and margins will likely overshadow this year's results, according to the company.</li>
<li>The past few years have been particularly hard for beer brewers. Pandemic lockdowns had a devastating impact on on-trade channels and now cost-push inflation is squeezing margins.</li>
</ul>


The recent decline in Carlsberg's share price do not seem to fully reflect the upcoming decline in Return on Capital's results.
The company underperforming its major peers, including asset impairments, lower volumes, sales and margins will likely overshadow this year's results, according to the company.
The past few years have been particularly hard for beer brewers. Pandemic lockdowns had a devastating impact on on-trade channels and now cost-push inflation is squeezing margins.


Denmark

Carlsberg A/S is an international brewing company. The Company produces branded beers and regional brands. Carlsberg makes most of its beer outside of Denmark, and it is sold in markets around the world. The Company also markets and produces soft drinks, water, and wine.

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Carlsberg AS (CABGY US)

How the Iran War Disrupted India’s Summer Drinks Supply?

Iran-Israel conflict disrupts Gulf aluminium exports, LME prices soar. India faces can shortage, lost revenue, must invest in domestic capacity to...

Sudarshan Bhandari

2024 High Conviction - ZJLD - Buoyed by a Premiumisation Shift

In Apr 2023, ZJLD Group (6979 HK) raised around US$676m in its HK IPO. While it initially had a turbulent listing, the shares are now trading above...

Clarence Chu

Emperador Secondary Listing - Driven by Whisky, Supported by Brandy

Emperador (Emp) is looking to raise up to US$750m via a secondary listing in Singapore. In this note, we look at the company's past performance.

Sumeet Singh

Carlsberg: A Challenging Year Ahead

The recent decline in Carlsberg's share price do not seem to fully reflect the upcoming decline in Return on Capital's results. The company...

Vladimir Dimitrov, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

How the Iran War Disrupted India’s Summer Drinks Supply?

​Iran-Israel conflict disrupts Gulf aluminium exports, LME prices soar. India faces can shortage, lost revenue, must invest in domestic capacity to...

Sudarshan Bhandari

2024 High Conviction - ZJLD - Buoyed by a Premiumisation Shift

In Apr 2023, ZJLD Group (6979 HK) raised around US$676m in its HK IPO. While it initially had a turbulent listing, the shares are now trading above...

Clarence Chu

Emperador Secondary Listing - Driven by Whisky, Supported by Brandy

Emperador (Emp) is looking to raise up to US$750m via a secondary listing in Singapore. In this note, we look at the company's past performance.

Sumeet Singh

Carlsberg: A Challenging Year Ahead

The recent decline in Carlsberg's share price do not seem to fully reflect the upcoming decline in Return on Capital's results. The company...

Vladimir Dimitrov, CFA

Iran-Israel conflict disrupts Gulf aluminium exports, LME prices soar. India faces can shortage, lost revenue, must invest in domestic capacity to...