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.

Read Business Not Stock Prices

Equity Bottom-Up

<ul>
<li>Cyient Semiconductors posted Q1 FY27 revenue of INR 169.7 crore, with Kinetic contributing US$10.4 million and legacy revenue reaching US$7.5 million after five quarters of 5%+ sequential organic growth.</li>
<li>Kinetic transforms Cyient into a semiconductor product platform with 250+ products, 100+ proven IPs and 250 million annual shipments, supporting future scale and margins.</li>
<li>Semiconductors is becoming strategically important, backed by a US$500 million valuation, but remains loss-making; breakeven is expected in FY28 while high-voltage products continue consuming cash.</li>
</ul>


Cyient Semiconductors posted Q1 FY27 revenue of INR 169.7 crore, with Kinetic contributing US$10.4 million and legacy revenue reaching US$7.5 million after five quarters of 5%+ sequential organic growth.
Kinetic transforms Cyient into a semiconductor product platform with 250+ products, 100+ proven IPs and 250 million annual shipments, supporting future scale and margins.
Semiconductors is becoming strategically important, backed by a US$500 million valuation, but remains loss-making; breakeven is expected in FY28 while high-voltage products continue consuming cash.


Hidden Business in Cyient Limited: The Semiconductor Pivot

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Thematic (Sector/Industry)

<ul>
<li>Insider buying activity often signals that a positive shift in the business cycle may be approaching for certain businesses.</li>
<li>As January 2025 was a month of earnings season,very few companies reported insider transactions. However,given the correction in Indian market,we should expect increased buy transactions once the earnings season concludes.</li>
<li>
<a href="https://www.smartkarma.com/entities/cyient-ltd" target="_blank" data-smartkarma-citation="entities:17956:1" rel="noopener">Cyient Ltd (CYL IN)</a> witnessed significant buying by the company's promoters</li>
</ul>


Insider buying activity often signals that a positive shift in the business cycle may be approaching for certain businesses.
As January 2025 was a month of earnings season,very few companies reported insider transactions. However,given the correction in Indian market,we should expect increased buy transactions once the earnings season concludes.

Cyient Ltd (CYL IN) witnessed significant buying by the company's promoters


India: Monthly Insider Buying Update - January 2025

<ul>
<li>Strong Q1 execution: Revenue grew 34%, EBITDA 56% and PAT 118% YoY, with EBITDA margin reaching 10.5%.</li>
<li>Record order visibility: Order book reached INR 2,599 crore with 1.5x book-to-bill, supported by strong Aerospace, Industrial and Defence demand.</li>
<li>New growth engines: AI infrastructure, robotics, data centres and B2S could support the next leg of growth and improve margins.</li>
</ul>


Strong Q1 execution: Revenue grew 34%, EBITDA 56% and PAT 118% YoY, with EBITDA margin reaching 10.5%.
Record order visibility: Order book reached INR 2,599 crore with 1.5x book-to-bill, supported by strong Aerospace, Industrial and Defence demand.
New growth engines: AI infrastructure, robotics, data centres and B2S could support the next leg of growth and improve margins.


Cyient DLM: The Pivot from Board Assembly to Build-To-Spec Engineering

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain bullish global equities if the major $93 support level on MSCI ACWI (ACWI-US) continues to hold (1+ year base support and the 10.5-month uptrend)</li>
<li>The 10-year Treasury yield remains below 4.35% resistance (a positive), but the DXY is climbing above $103.70-$104.70 resistance, and $105.70 is the last line of defense (9-month resistance).</li>
<li>Japan and India remain top overweights, with many of today's buy recommendations from these countries (Real Estate, Energy, Tech/Services, Discretionary). Also downgrading Taiwan and Greece to market weight.</li>
</ul>


We remain bullish global equities if the major $93 support level on MSCI ACWI (ACWI-US) continues to hold (1+ year base support and the 10.5-month uptrend)
The 10-year Treasury yield remains below 4.35% resistance (a positive), but the DXY is climbing above $103.70-$104.70 resistance, and $105.70 is the last line of defense (9-month resistance).
Japan and India remain top overweights, with many of today's buy recommendations from these countries (Real Estate, Energy, Tech/Services, Discretionary). Also downgrading Taiwan and Greece to market weight.


Remain Overweight Japan and India; Key Supports Holding; Buys in Energy, Tech/Services (India)

<p>In last week's <em>Int'l Compass</em> (Sept. 2), we highlighted emerging markets (EEM-US, Shanghai Comp) and Japan (TOPIX, TOPIX Small) as areas of bullish interest, with short-term bullish inflections suggesting the tide was turning in favor of these markets. This remains the focus in today's report, and especially on Japan; bullish price inflections and breakouts have started to proliferate, which suggests this could be the start of a broad-based rally for Japan in the weeks and months ahead.</p>

In last week's Int'l Compass (Sept. 2), we highlighted emerging markets (EEM-US, Shanghai Comp) and Japan (TOPIX, TOPIX Small) as areas of bullish interest, with short-term bullish inflections suggesting the tide was turning in favor of these markets. This remains the focus in today's report, and especially on Japan; bullish price inflections and breakouts have started to proliferate, which suggests this could be the start of a broad-based rally for Japan in the weeks and months ahead.

Buy Japan On This Breakout ; TOPIX Breaking Out To 21-Year Highs; Actionable Theme: Growth Sectors

India

Cyient is an Indian multinational technology company specializing in engineering, manufacturing, and digital transformation solutions. It provides services across various industries, including aerospace, defense, transportation, communications, and healthcare. Cyient was established in 1991 in Hyderabad, India.

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Cyient (CYL IN)

Hidden Business in Cyient Limited: The Semiconductor Pivot

Cyient carved out a semiconductor subsidiary, bought a US chipmaker, and launched India's first GaN power ICs but breakeven just slipped a full...

Nimish Maheshwari

India: Monthly Insider Buying Update - January 2025

Insider buying signals positive shift in business cycle, expect increased transactions post earnings season, Cyient Ltd sees significant promoter...

Sreemant Dudhoria

Cyient DLM: The Pivot from Board Assembly to Build-To-Spec Engineering

Cyient DLM delivers a strong Q1 with record order book, improving margins and new growth engines across AI infrastructure, robotics and high...

Nimish Maheshwari

Remain Overweight Japan and India; Key Supports Holding; Buys in Energy, Tech/Services (India)

We remain bullish on global equities as long as major $93 support on $ACWI continues to hold (1+ year base support and the 10.5-month uptrend)....

Vermilion Research

Buy Japan On This Breakout ; TOPIX Breaking Out To 21-Year Highs; Actionable Theme: Growth Sectors

Japan (TOPIX, TOPIX Small) was a big focus for us last week, and it remains the focus in today's report; this could be the start of a broad-based...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Hidden Business in Cyient Limited: The Semiconductor Pivot

Cyient carved out a semiconductor subsidiary, bought a US chipmaker, and launched India's first GaN power ICs but breakeven just slipped a full...

Nimish Maheshwari

India: Monthly Insider Buying Update - January 2025

​Insider buying signals positive shift in business cycle, expect increased transactions post earnings season, Cyient Ltd sees significant promoter...

Sreemant Dudhoria

Cyient DLM: The Pivot from Board Assembly to Build-To-Spec Engineering

Cyient DLM delivers a strong Q1 with record order book, improving margins and new growth engines across AI infrastructure, robotics and high...

Nimish Maheshwari

Remain Overweight Japan and India; Key Supports Holding; Buys in Energy, Tech/Services (India)

We remain bullish on global equities as long as major $93 support on $ACWI continues to hold (1+ year base support and the 10.5-month uptrend)....

Vermilion Research

Buy Japan On This Breakout ; TOPIX Breaking Out To 21-Year Highs; Actionable Theme: Growth Sectors

Japan (TOPIX, TOPIX Small) was a big focus for us last week, and it remains the focus in today's report; this could be the start of a broad-based...

Vermilion Research

Insider buying signals positive shift in business cycle, expect increased transactions post earnings season, Cyient Ltd sees significant promoter...