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

Equity Bottom-Up

<ul>
<li>CEAT targets up to 20% EBITDA margins and $1 billion revenue from Camso, with full brand and operational ownership expected by Q2 FY27</li>
<li>Camso unlocks the high-margin global OHT segment, moving CEAT beyond its India-centric replacement story into premium, construction-equipment terrain.</li>
<li>Near-Term earnings will stay under pressure from raw material inflation and CAMSO transition drag, but FY28 is where the margin inflection thesis truly gets tested.</li>
</ul>


CEAT targets up to 20% EBITDA margins and $1 billion revenue from Camso, with full brand and operational ownership expected by Q2 FY27
Camso unlocks the high-margin global OHT segment, moving CEAT beyond its India-centric replacement story into premium, construction-equipment terrain.
Near-Term earnings will stay under pressure from raw material inflation and CAMSO transition drag, but FY28 is where the margin inflection thesis truly gets tested.


CEAT's Camso Bet: Targeting $1 Billion Revenue From the Acquisition

Thematic (Sector/Industry)

<ul>
<li>Middle East tensions have increased the risk of Brent crude moving toward USD 85-90 per barrel in the near term.</li>
<li>For India, every USD 10 rise in crude can add around 30 bps to inflation and widen the current account deficit.</li>
<li>The impact will vary by sector. Upstream oil companies benefit, while oil-intensive sectors face margin pressure if prices stay elevated.</li>
</ul>


Middle East tensions have increased the risk of Brent crude moving toward USD 85-90 per barrel in the near term.
For India, every USD 10 rise in crude can add around 30 bps to inflation and widen the current account deficit.
The impact will vary by sector. Upstream oil companies benefit, while oil-intensive sectors face margin pressure if prices stay elevated.


Event Driven- Middle East Volatility: How Indian Sectors Respond to Higher Crude

Rubber News Specialist, Helixtap

Vinod Nedumudy

Rubber News Specialist

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>Rubber product export slip accentuates by August  </li><li>Industry warns SVAT removal may choke liquidity  </li><li>CEAT’s US$171 million move gives manufacturing impetus  </li></ul>

Rubber product export slip accentuates by August  Industry warns SVAT removal may choke liquidity  CEAT’s US$171 million move gives manufacturing impetus  

Sri Lanka’s Rubber Swayed By Policy Turbulence, New Investment

CEO, Helixtap

Farah Miller

<ul><li>Highlights    • Market shift from premium to mid-tier brands   • Profit vs volume strategy hurting premium brands   • Mid-Tier brands expanding globally There is a lot of uncertainty around the ongoing tire demand and supply situation.</li><li>The first thing to note is that while demand is growing slightly, the distribution of sales between premium tire makers and less well-known brands is changing.</li><li>The transfer of market share away from the premium tire makers is rapid and appears to be accelerating.</li></ul>

Highlights    • Market shift from premium to mid-tier brands   • Profit vs volume strategy hurting premium brands   • Mid-Tier brands expanding globally There is a lot of uncertainty around the ongoing tire demand and supply situation.The first thing to note is that while demand is growing slightly, the distribution of sales between premium tire makers and less well-known brands is changing.The transfer of market share away from the premium tire makers is rapid and appears to be accelerating.

Tire Industry Faces Over Capacity As Mid Range Players Build Factories

<ul><li>Tire makers see profit pressure despite revenue gains  </li><li>JK Tyre eyes double-digit growth, expands global footprint  </li><li> CEAT eyes expanding Chennai plant at US$51 million spend  </li></ul>

Tire makers see profit pressure despite revenue gains  JK Tyre eyes double-digit growth, expands global footprint   CEAT eyes expanding Chennai plant at US$51 million spend  

GST Cut Lifts Outlook As Indian Tire Majors Navigate Weak Q1

India

CEAT Limited is an Indian multinational tire manufacturing company and the flagship company of the RPG Group. It produces high-performance tires for a wide range of vehicles, including cars, two-wheelers, trucks, buses, light commercial vehicles, and off-highway vehicles, and has a global presence in over 110 countries. The company was established in 1924 in Turin, Italy, and is headquartered in Mumbai, India.

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CEAT (CEAT IN)

CEAT's Camso Bet: Targeting $1 Billion Revenue From the Acquisition

CEAT aims for 20% EBITDA margins and $1 billion revenue from Camso by Q2 FY27, expanding into premium global OHT segment with margin inflection...

Sudarshan Bhandari

Event Driven- Middle East Volatility: How Indian Sectors Respond to Higher Crude

Middle East tensions may push Brent crude towards $85-90/barrel, posing inflation and current account deficit risks for India, with varying...

Sudarshan Bhandari

Sri Lanka’s Rubber Swayed By Policy Turbulence, New Investment

Sri Lanka’s rubber industry entered August 2025 facing a mix of promise and pressure, even as it negotiated evolving waters both within and outside...

Helixtap

Tire Industry Faces Over Capacity As Mid Range Players Build Factories

There is a lot of uncertainty around the ongoing tire demand and supply situation. The first thing to note is that while demand is growing...

Helixtap

GST Cut Lifts Outlook As Indian Tire Majors Navigate Weak Q1

The Indian tire sector sports a bullish outlook for FY 2025-26 (April 1 2025 to March 31 2026) riding on the GST cut effected by the Indian...

Helixtap

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

CEAT's Camso Bet: Targeting $1 Billion Revenue From the Acquisition

​CEAT aims for 20% EBITDA margins and $1 billion revenue from Camso by Q2 FY27, expanding into premium global OHT segment with margin inflection...

Sudarshan Bhandari

Event Driven- Middle East Volatility: How Indian Sectors Respond to Higher Crude

​Middle East tensions may push Brent crude towards $85-90/barrel, posing inflation and current account deficit risks for India, with varying...

Sudarshan Bhandari

Sri Lanka’s Rubber Swayed By Policy Turbulence, New Investment

Sri Lanka’s rubber industry entered August 2025 facing a mix of promise and pressure, even as it negotiated evolving waters both within and outside...

Helixtap

Tire Industry Faces Over Capacity As Mid Range Players Build Factories

There is a lot of uncertainty around the ongoing tire demand and supply situation. The first thing to note is that while demand is growing...

Helixtap

GST Cut Lifts Outlook As Indian Tire Majors Navigate Weak Q1

​​​​​​​The Indian tire sector sports a bullish outlook for FY 2025-26 (April 1 2025 to March 31 2026) riding on the GST cut effected by the Indian...

Helixtap

CEAT aims for 20% EBITDA margins and $1 billion revenue from Camso by Q2 FY27, expanding into premium global OHT segment with margin inflection...

Middle East tensions may push Brent crude towards $85-90/barrel, posing inflation and current account deficit risks for India, with varying...

The Indian tire sector sports a bullish outlook for FY 2025-26 (April 1 2025 to March 31 2026) riding on the GST cut effected by the Indian...