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

Thematic (Sector/Industry)

<ul>
<li>Wholesale sugar in Kolhapur has risen to about Rs. 5,350 per 100 kg, while raw sugar futures recently touched a one-year high of 16.6 cents/lb.</li>
<li>India’s opening sugar inventory on 1 October is estimated near 3.5 million tonnes—potentially the lowest in more than three decades.</li>
<li>The near-term earnings advantage shifts toward mills with large sugar stocks carried at Rs. 37–38/kg that can be sold into a Rs. 46–53/kg market.</li>
</ul>


Wholesale sugar in Kolhapur has risen to about Rs. 5,350 per 100 kg, while raw sugar futures recently touched a one-year high of 16.6 cents/lb.
India’s opening sugar inventory on 1 October is estimated near 3.5 million tonnes—potentially the lowest in more than three decades.
The near-term earnings advantage shifts toward mills with large sugar stocks carried at Rs. 37–38/kg that can be sold into a Rs. 46–53/kg market.


India’s Sugar Market: Record Prices, Shrinking Inventories And The Listed Beneficiaries

<ul>
<li>El Niño is an unusual warming of Pacific Ocean waters, and predictive models anticipate its arrival by the second half of 2026
</li>
<li>Historically, this recurring climate pattern has caused highly deficient Indian monsoons, directly triggering severe agricultural droughts and depressing overall economic growth</li>
<li>
FMCG and automobile sectors face rural demand risks while solar power gains, prompting management to plan price hikes offsetting impending inflation</li>
</ul>


El Niño is an unusual warming of Pacific Ocean waters, and predictive models anticipate its arrival by the second half of 2026

Historically, this recurring climate pattern has caused highly deficient Indian monsoons, directly triggering severe agricultural droughts and depressing overall economic growth

FMCG and automobile sectors face rural demand risks while solar power gains, prompting management to plan price hikes offsetting impending inflation


El Niño 2026: Climate Risks, Corporate Management Commentaries, and Sectoral Strategies

<ul>
<li>India's sugar industry is experiencing an unexpected rally driven by pricing power due to an 18% production drop, leading to rising sugar prices.</li>
<li>This shift is boosting sugar mills' profitability, as evidenced by improved quarterly results, despite unchanged ethanol margins and rising cane costs.</li>
<li>The sector is now a compelling "margin-driven" recovery story, moving beyond its traditionally dull, regulation-heavy image.</li>
</ul>


India's sugar industry is experiencing an unexpected rally driven by pricing power due to an 18% production drop, leading to rising sugar prices.
This shift is boosting sugar mills' profitability, as evidenced by improved quarterly results, despite unchanged ethanol margins and rising cane costs.
The sector is now a compelling "margin-driven" recovery story, moving beyond its traditionally dull, regulation-heavy image.


The Sugar Sector Reversal: How Sugar Companies Are Finally Tasting Profits?

APAC IPOs & Placements, Aequitas Research

Akshat Shah

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

Fractal Analytics Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/fractal-analytics-ltd" target="_blank" data-smartkarma-citation="entities:45676:1" rel="noopener">Fractal Analytics (2453623D IN)</a> raised about US$315m in its India IPO in Feb 2026. The lockup on its pre-IPO investors and part of promoters’ stake is set to expire soon.</li>
<li>Fractal Analytics is an enterprise artificial intelligence (AI) company which supports large global enterprises with data-driven insights and assists them in their decision making through its end-to-end AI solutions.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Fractal Analytics (2453623D IN) raised about US$315m in its India IPO in Feb 2026. The lockup on its pre-IPO investors and part of promoters’ stake is set to expire soon.
Fractal Analytics is an enterprise artificial intelligence (AI) company which supports large global enterprises with data-driven insights and assists them in their decision making through its end-to-end AI solutions.
In this note, we will talk about the lockup dynamics and possible placement.


Aequitas: Fractal Analytics IPO Lockup Expiry - US$875m Release but Shares Trading Below IPO Price

Equity Long-Short Analyst

Pyari Menon

<ul>
<li>We compare how a portfolio composed of our top five picks in each of our thematic reports based on datamining technical publications would have performed versus Indices</li>
<li>The size of outperformance for various periods suggests that incorporating innovation quality index that we use to rank companies can be a solid tool to generate alpha.   </li>
<li>We understand that much of the outperformance is generated by positive skew but even backing out the largest two contributors we see solid outperformance.</li>
</ul>


We compare how a portfolio composed of our top five picks in each of our thematic reports based on datamining technical publications would have performed versus Indices
The size of outperformance for various periods suggests that incorporating innovation quality index that we use to rank companies can be a solid tool to generate alpha.   
We understand that much of the outperformance is generated by positive skew but even backing out the largest two contributors we see solid outperformance.


A Look at How a Portfolio Composed of Our Top Five Innovators in Each Report Would Have Performed

India

E.I.D. - Parry (India) Limited is a diversified manufacturer of fertilizers, pesticides, sugar, ceramics, electronics and seeds.  The Company is also diversifying into the manufacture of organic fertilizers, bio-pesticides, acetic acid, wall tiles and horticultural activities.

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Eid Parry India (EID IN)

India’s Sugar Market: Record Prices, Shrinking Inventories And The Listed Beneficiaries

Domestic sugar prices have jumped to record levels just as India heads into the festival-demand window. The bigger earnings question is who is...

Nimish Maheshwari

El Niño 2026: Climate Risks, Corporate Management Commentaries, and Sectoral Strategies

El Niño expected by late 2026 may lead to Indian monsoon deficits and economic slowdown. FMCG and automobile sectors at risk, solar power gains,...

Nimish Maheshwari

The Sugar Sector Reversal: How Sugar Companies Are Finally Tasting Profits?

India's sugar industry sees unexpected rally with rising prices and improved profitability despite production drop and rising costs, shifting...

Nimish Maheshwari

Aequitas: Fractal Analytics IPO Lockup Expiry - US$875m Release but Shares Trading Below IPO Price

Fractal Analytics raised about US$315m in its India IPO in Feb 2026. The lockup on its pre-IPO investors and part of promoters’ stake is set to...

Akshat Shah

A Look at How a Portfolio Composed of Our Top Five Innovators in Each Report Would Have Performed

Our datamining reports ranks companies within thematic based on innovation quality. We see strong outperformance in a portfolio built using the top...

Pyari Menon

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

India’s Sugar Market: Record Prices, Shrinking Inventories And The Listed Beneficiaries

Domestic sugar prices have jumped to record levels just as India heads into the festival-demand window. The bigger earnings question is who is...

Nimish Maheshwari

El Niño 2026: Climate Risks, Corporate Management Commentaries, and Sectoral Strategies

​El Niño expected by late 2026 may lead to Indian monsoon deficits and economic slowdown. FMCG and automobile sectors at risk, solar power gains,...

Nimish Maheshwari

The Sugar Sector Reversal: How Sugar Companies Are Finally Tasting Profits?

​India's sugar industry sees unexpected rally with rising prices and improved profitability despite production drop and rising costs, shifting...

Nimish Maheshwari

Aequitas: Fractal Analytics IPO Lockup Expiry - US$875m Release but Shares Trading Below IPO Price

Fractal Analytics raised about US$315m in its India IPO in Feb 2026. The lockup on its pre-IPO investors and part of promoters’ stake is set to...

Akshat Shah

A Look at How a Portfolio Composed of Our Top Five Innovators in Each Report Would Have Performed

Our datamining reports ranks companies within thematic based on innovation quality. We see strong outperformance in a portfolio built using the top...

Pyari Menon

El Niño expected by late 2026 may lead to Indian monsoon deficits and economic slowdown. FMCG and automobile sectors at risk, solar power gains,...

India's sugar industry sees unexpected rally with rising prices and improved profitability despite production drop and rising costs, shifting...