Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

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>The GST Council has simplified India’s indirect tax structure, cutting rates across daily essentials and consolidating slabs into 5% and 18%, with a new 40% bracket for sin goods.</li>
<li>
Consumption accounts for over 60% of GDP, and this tax reset is designed to revive household demand. We expect a 0.5-1% boost to GDP growth over the next 4–6 quarters.</li>
<li>
FMCG companies with price-sensitive portfolios, biscuits, hair oils, shampoo sachets, stand to gain most. Retailers and QSRs will ride the consumption uplift, while tobacco taxation remains unresolved beyond 2025.</li>
</ul>


The GST Council has simplified India’s indirect tax structure, cutting rates across daily essentials and consolidating slabs into 5% and 18%, with a new 40% bracket for sin goods.

Consumption accounts for over 60% of GDP, and this tax reset is designed to revive household demand. We expect a 0.5-1% boost to GDP growth over the next 4–6 quarters.

FMCG companies with price-sensitive portfolios, biscuits, hair oils, shampoo sachets, stand to gain most. Retailers and QSRs will ride the consumption uplift, while tobacco taxation remains unresolved beyond 2025.


GST 2.0: Will India’s Biggest Tax Reset Spark a Consumption Boom or Drive Margin Expansion?

<ul>
<li>Several companies across industries have commissioned capacity expansions. These completions reflect management's strong demand outlook and are often precursors to improved financial performance and long-term value creation.</li>
<li>The completion of strategic Capex enhances revenue streams and EBITDA margins, positioning companies for sustainable growth, improved financial performance, and greater investor confidence amid evolving market demands.</li>
<li>Tracking newly completed capacities helps identify companies entering growth mode. As utilization improves and integration lowers costs, earnings visibility strengthens, supporting upgraded forecasts and potential valuation upside.</li>
</ul>


Several companies across industries have commissioned capacity expansions. These completions reflect management's strong demand outlook and are often precursors to improved financial performance and long-term value creation.
The completion of strategic Capex enhances revenue streams and EBITDA margins, positioning companies for sustainable growth, improved financial performance, and greater investor confidence amid evolving market demands.
Tracking newly completed capacities helps identify companies entering growth mode. As utilization improves and integration lowers costs, earnings visibility strengthens, supporting upgraded forecasts and potential valuation upside.


Capex Monetization: Revenue Impact, Margin Expansion Across Companies

Forensic Accounting

<ul>
<li>With Indian capital markets booming, companies are tapping capital markets regularly for fundraising even though they have recently raised funds.</li>
<li>There are also cases where company after concluding IPO in recent years are going for fund raise</li>
<li>The market are jittery about possible equity dilution and unclear fund raising objectives</li>
</ul>


With Indian capital markets booming, companies are tapping capital markets regularly for fundraising even though they have recently raised funds.
There are also cases where company after concluding IPO in recent years are going for fund raise
The market are jittery about possible equity dilution and unclear fund raising objectives


Indian Companies Are Betting on Booming Capital Markets with Unplanned Fund Raisings

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Bottom-Up

<ul>
<li>The market seems to be dancing to its own tune and is likely to continue.</li>
<li>EUREKAFO's distributors are dissatisfied, MANYAVAR's reported numbers failed to match up to the on-ground optimism. </li>
<li>LTFH's "strong" retail playbook keeps performing, and SGMART's website raises concerns about its operations. </li>
</ul>


The market seems to be dancing to its own tune and is likely to continue.
EUREKAFO's distributors are dissatisfied, MANYAVAR's reported numbers failed to match up to the on-ground optimism. 
LTFH's "strong" retail playbook keeps performing, and SGMART's website raises concerns about its operations. 


[#19] Namaste India 🙏 | Eureka Forbes, Manyavar, L&T Finance, SG Mart, Cello

Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Forensic Analyst

Cello World Limited / Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cello-world-limited" target="_blank" data-smartkarma-citation="entities:40037:1" rel="noopener">Cello World Limited (CW IN)</a> is a renowned company in the consumer products market. The company primarily operates in houseware, stationary and moulded furniture industry.</li>
<li>The promoters recently undertook a major corp. restructuring post which several promoter entities were acquired by CWL. This has led to abnormally high ROCEs.</li>
<li>Other forensic takeaways pertain to RPT, poor cash management, mysterious sale proceeds of PPE, subsidiaries audit, etc.</li>
</ul>



Cello World Limited (CW IN) is a renowned company in the consumer products market. The company primarily operates in houseware, stationary and moulded furniture industry.
The promoters recently undertook a major corp. restructuring post which several promoter entities were acquired by CWL. This has led to abnormally high ROCEs.
Other forensic takeaways pertain to RPT, poor cash management, mysterious sale proceeds of PPE, subsidiaries audit, etc.


India

Cello World is an Indian consumer products company. The firm is a leading company in the consumerware market in India.

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Cello World Limited (CW IN)

GST 2.0: Will India’s Biggest Tax Reset Spark a Consumption Boom or Drive Margin Expansion?

India's GST Council cuts rates on essentials, simplifies tax structure to boost household demand and GDP growth, benefiting FMCG companies and...

Nimish Maheshwari

Capex Monetization: Revenue Impact, Margin Expansion Across Companies

Companies are expanding capacity to meet strong demand, improve financial performance, and create long-term value, positioning them for...

Nimish Maheshwari

Indian Companies Are Betting on Booming Capital Markets with Unplanned Fund Raisings

Indian companies are tapping capital markets frequently for fundraising despite recent raises, causing concern over equity dilution and unclear...

Nimish Maheshwari

[#19] Namaste India 🙏 | Eureka Forbes, Manyavar, L&T Finance, SG Mart, Cello

The market continues to march to its own beat as EUREKAFO and MANYAVAR disappoint, while LTFH and SGMART show contrasting performances.

Pranav Bhavsar

Cello World Ltd- Forensic Analysis

Cello World Limited is a prominent consumer products company. Recent corporate restructuring has resulted in high ROCEs, and there are concerns...

Nitin Mangal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

GST 2.0: Will India’s Biggest Tax Reset Spark a Consumption Boom or Drive Margin Expansion?

​India's GST Council cuts rates on essentials, simplifies tax structure to boost household demand and GDP growth, benefiting FMCG companies and...

Nimish Maheshwari

Capex Monetization: Revenue Impact, Margin Expansion Across Companies

​Companies are expanding capacity to meet strong demand, improve financial performance, and create long-term value, positioning them for...

Nimish Maheshwari

Indian Companies Are Betting on Booming Capital Markets with Unplanned Fund Raisings

​Indian companies are tapping capital markets frequently for fundraising despite recent raises, causing concern over equity dilution and unclear...

Nimish Maheshwari

[#19] Namaste India 🙏 | Eureka Forbes, Manyavar, L&T Finance, SG Mart, Cello

​The market continues to march to its own beat as EUREKAFO and MANYAVAR disappoint, while LTFH and SGMART show contrasting performances.

Pranav Bhavsar

Cello World Ltd- Forensic Analysis

​Cello World Limited is a prominent consumer products company. Recent corporate restructuring has resulted in high ROCEs, and there are concerns...

Nitin Mangal

India's GST Council cuts rates on essentials, simplifies tax structure to boost household demand and GDP growth, benefiting FMCG companies and...

Companies are expanding capacity to meet strong demand, improve financial performance, and create long-term value, positioning them for...

Indian companies are tapping capital markets frequently for fundraising despite recent raises, causing concern over equity dilution and unclear...

The market continues to march to its own beat as EUREKAFO and MANYAVAR disappoint, while LTFH and SGMART show contrasting performances.

Cello World Limited is a prominent consumer products company. Recent corporate restructuring has resulted in high ROCEs, and there are concerns...