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

Deepak Fertilisers and Petrochemicals / Equity Bottom-Up

Deepak Fertilisers and Petrochemicals (DFPC IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/deepak-fertilisers-petro" target="_blank" data-smartkarma-citation="entities:9768:1" rel="noopener">Deepak Fertilisers &amp; Petro (DFPC IN)</a> commissioned 500KT of ammonia plant that will remove their dependence on import of critical raw material.</li>
<li>DFPCL's TAN capacity stands at 629 KTPA, with plans to increase it to 1,000 KTPA by FY26 through a new facility in Gopalpur, Odisha.</li>
<li>
<a href="https://www.smartkarma.com/entities/deepak-fertilisers-petro" target="_blank" data-smartkarma-citation="entities:9768:1" rel="noopener">Deepak Fertilisers &amp; Petro (DFPC IN)</a> is about to complete its restructuring by creating a separate subsidiary for mining chemicals, which in future they may plan to list separately. </li>
</ul>



Deepak Fertilisers &amp; Petro (DFPC IN) commissioned 500KT of ammonia plant that will remove their dependence on import of critical raw material.
DFPCL's TAN capacity stands at 629 KTPA, with plans to increase it to 1,000 KTPA by FY26 through a new facility in Gopalpur, Odisha.

Deepak Fertilisers &amp; Petro (DFPC IN) is about to complete its restructuring by creating a separate subsidiary for mining chemicals, which in future they may plan to list separately. 


The Beat Ideas: Deepak Fertilizers - Specialty Chemical, Capex, Debottlenecking!

<ul>
<li>
<a href="https://www.smartkarma.com/entities/aarti-industries-limited" target="_blank" data-smartkarma-citation="entities:6583:1" rel="noopener">Aarti Industries (ARTO IN)</a>  is planning a huge capex of 2500 Cr, which will increase their PPE by more than 50% from current CWIP and new capex.</li>
<li>Company is targeting 1450 to 1700Cr EBITDA in next year which is almost 1.5x to 2x of the existing EBITDA.</li>
<li>Introducing new products in the value chain, which has high-value added and high margins.</li>
</ul>



Aarti Industries (ARTO IN)  is planning a huge capex of 2500 Cr, which will increase their PPE by more than 50% from current CWIP and new capex.
Company is targeting 1450 to 1700Cr EBITDA in next year which is almost 1.5x to 2x of the existing EBITDA.
Introducing new products in the value chain, which has high-value added and high margins.


The Beat Ideas: Aarti Industries Ltd.- Capex, Growth, Value Addition!

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 Capital Markets

Paradeep Phosphates / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/paradeep-phosphates" target="_blank" data-smartkarma-citation="entities:35965:1" rel="noopener">Paradeep Phosphates (75690Z IN)</a> is looking to raise up to US$194m in its India IPO. The IPO will consist of a mix of primary and secondary shares.</li>
<li>Paradeep Phosphates (PP) is a fertilizer manufacturing company based in India. The firm engages in manufacturing, trading, distribution and sales of a variety of complex fertilizers.</li>
<li>At listing, while PP would be the smallest peer on the revenue and mcap fronts, it trails our identified peer set on the margin front as well.</li>
</ul>



Paradeep Phosphates (75690Z IN) is looking to raise up to US$194m in its India IPO. The IPO will consist of a mix of primary and secondary shares.
Paradeep Phosphates (PP) is a fertilizer manufacturing company based in India. The firm engages in manufacturing, trading, distribution and sales of a variety of complex fertilizers.
At listing, while PP would be the smallest peer on the revenue and mcap fronts, it trails our identified peer set on the margin front as well.


Paradeep Phosphates IPO - Smallest of the Lot and Fairly Valued as Well

External broker reports(aggregated public sources), BOB Capital Markets Ltd

BOB Capital Markets Ltd.

External broker reports(aggregated public sources)

<p>DPFCL's FY21 performance was best ever for the company with EBITDA/PAT jump of 2.1x/4.6x YoY</p><div class="content-highlight"><em>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.</em></div>

DPFCL's FY21 performance was best ever for the company with EBITDA/PAT jump of 2.1x/4.6x YoYContent 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.

Deepak Fertilisers (NOT RATED): Takeaways from company interaction

India

Deepak Fertilisers and Petrochemicals Corporation Ltd. manufactures industrial and agricultural chemicals, crop nutrients, and fertilizers. Its product portfolio includes industrial chemicals, bulk and specialty fertilizers, farming diagnostics, and technical ammonium nitrate. The company also has a presence in value-added real estate. It is headquartered in Pune, India, and was founded in 1979.

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Deepak Fertilisers and Petrochemicals (DFPC IN)

The Beat Ideas: Deepak Fertilizers - Specialty Chemical, Capex, Debottlenecking!

Deepak Fertilisers & Petro (DFPC IN) boosts self-reliance with new ammonia plant, plans expansion and restructuring for future growth.

Sudarshan Bhandari

The Beat Ideas: Aarti Industries Ltd.- Capex, Growth, Value Addition!

The Beat Ideas: Aarti Industries - Aarti Industries plans significant capex to boost EBITDA and expand product offerings with high margins.

Sudarshan Bhandari

Paradeep Phosphates IPO - Smallest of the Lot and Fairly Valued as Well

Paradeep Phosphates (75690Z IN) is looking to raise up to US$194m in its India IPO. At listing, PP would be the smallest peer on the revenue and...

Clarence Chu

Deepak Fertilisers (NOT RATED): Takeaways from company interaction

DPFCL's FY21 performance was best ever for the company with EBITDA/PAT jump of 2.1x/4.6x YoY

BOB Capital Markets Ltd.

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Beat Ideas: Deepak Fertilizers - Specialty Chemical, Capex, Debottlenecking!

​Deepak Fertilisers & Petro (DFPC IN) boosts self-reliance with new ammonia plant, plans expansion and restructuring for future growth.

Sudarshan Bhandari

The Beat Ideas: Aarti Industries Ltd.- Capex, Growth, Value Addition!

The Beat Ideas: Aarti Industries - ​Aarti Industries plans significant capex to boost EBITDA and expand product offerings with high margins.

Sudarshan Bhandari

Paradeep Phosphates IPO - Smallest of the Lot and Fairly Valued as Well

Paradeep Phosphates (75690Z IN) is looking to raise up to US$194m in its India IPO. At listing, PP would be the smallest peer on the revenue and...

Clarence Chu

Deepak Fertilisers (NOT RATED): Takeaways from company interaction

DPFCL's FY21 performance was best ever for the company with EBITDA/PAT jump of 2.1x/4.6x YoY

BOB Capital Markets Ltd.

Deepak Fertilisers & Petro (DFPC IN) boosts self-reliance with new ammonia plant, plans expansion and restructuring for future growth.

The Beat Ideas: Aarti Industries - Aarti Industries plans significant capex to boost EBITDA and expand product offerings with high margins.