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

EPL Ltd (fka Essel Propack) / Equity Bottom-Up

<ul>
<li>EPL’s board approved an all-equity merger with Indovida India (Indorama Group) on March 29, 2026, creating a diversified packaging platform with ~$1 billion revenue and ~$2 billion valuation.</li>
<li>The merger shifts EPL from a tubes-focused business to a multi-format packaging company, improving earnings quality, return ratios, and expanding its overall addressable market.</li>
<li>A 70% premium for EPL shareholders, immediate EPS accretion and New Promoter makes this overall transaction interesting.</li>
</ul>


EPL’s board approved an all-equity merger with Indovida India (Indorama Group) on March 29, 2026, creating a diversified packaging platform with ~$1 billion revenue and ~$2 billion valuation.
The merger shifts EPL from a tubes-focused business to a multi-format packaging company, improving earnings quality, return ratios, and expanding its overall addressable market.
A 70% premium for EPL shareholders, immediate EPS accretion and New Promoter makes this overall transaction interesting.


Event Driven - EPL: Merger With Indovida- Building a $1 Bn Global Packaging Platform

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Thematic (Sector/Industry)

<ul>
<li>The packaging sector is making a comeback as key material spreads have been rising  which is being reflected in Q1FY25 results of the companies.</li>
<li>What makes this sector more interesting is certain promoters of these companies are buying share of the company from the open market along with fund infusion by some big investors</li>
<li>The biggest risk remains for the sector is pricing pressure and demand-supply mismatch but it seems bottom is being made for the sector</li>
</ul>


The packaging sector is making a comeback as key material spreads have been rising  which is being reflected in Q1FY25 results of the companies.
What makes this sector more interesting is certain promoters of these companies are buying share of the company from the open market along with fund infusion by some big investors
The biggest risk remains for the sector is pricing pressure and demand-supply mismatch but it seems bottom is being made for the sector


Thematic Report : Packaging Sector Is Back with Bang: What’s Fueling Revival?

Global Special Situations & Strategy, SR Services Ltd

David Lepper

Global Special Situations & Strategy

SR Services Ltd

SR Services provides Strategic Knowledge and Solutions services for Family Offices and Corporate Business. 

We deliver this via advisory services, strategic planning, opportunity analysis/sourcing, as well as solution implementation. 

Whilst, we create intellectual discipline and operational leverage for your projects or daily activities, our ultimate objective is to empower whilst enhancing your decision making. 

Strategic Knowledge and Solutions

Cross Asset Strategy

Q2 2020’s selection delivered an average return increase of 54% v’s the MSCI Asia Pacific Index 37.4% over the same period. The GARP-based screen uses a combination of growth and value metrics to identify shares where brokers are forecasting high earnings growth, but which are currently valued at a price that is low relative to their forecast outlook. Whilst Central Banks are providing additional liquidity favouring growth names, our value-based screen is key to delivering positive gains as tapering begins. Q2 2021's screen provides 16 key suggestions.  What makes the current selection interesting is the bias towards Taiwan and India on a country basis and Industrials and Healthcare on a sector basis. Also of particular note, Singapore presents one name on this screen.

Q2 2020’s selection delivered an average return increase of 54% v’s the MSCI Asia Pacific Index 37.4% over the same period. The GARP-based screen uses a combination of growth and value metrics to identify shares where brokers are forecasting high earnings growth, but which are currently valued at a price that is low relative to their forecast outlook. Whilst Central Banks are providing additional liquidity favouring growth names, our value-based screen is key to delivering positive gains as tapering begins. Q2 2021's screen provides 16 key suggestions.  What makes the current selection interesting is the bias towards Taiwan and India on a country basis and Industrials and Healthcare on a sector basis. Also of particular note, Singapore presents one name on this screen.

Screening the Silk Road: Q2-2021 All Cap GARP (Zulu Warrior Screening)

Growth as an investment style has remained prominent over the COVID-19 period, reinforcing its decade long dominance over the value. The key question remains:  with earnings and value set to be a key theme over H2 2020 when exactly is the value style expected to reverse its underperformance trend? Our data suggest a greater than 66% chance of reversal shortly. As the value style reversal looks increasingly assured, exposure to GARP style investing and the underlying stocks are set to become even more important as we move into the second half of 2020. We highlight 17 stocks who fit the criteria in Q2 2020.

Growth as an investment style has remained prominent over the COVID-19 period, reinforcing its decade long dominance over the value. The key question remains:  with earnings and value set to be a key theme over H2 2020 when exactly is the value style expected to reverse its underperformance trend? Our data suggest a greater than 66% chance of reversal shortly. As the value style reversal looks increasingly assured, exposure to GARP style investing and the underlying stocks are set to become even more important as we move into the second half of 2020. We highlight 17 stocks who fit the criteria in Q2 2020.

Screening the Silk Road: Q2-2020 Small-Mid Cap GARP (Zulu Warrior Screening)

Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

Riedel provides equity research and analysis to leading financial organizations. By becoming members of a region (Asia, Latin America, Emerging Europe or Global), organizations have access to an integrated set of services including:

Regular company coverage reports
Up-to-date investment decision advice (buy, hold, sell)
Monthly regional and global conference calls
Customized company reports and unlimited on-line access to the program's services.

Riedel provides research coverage of companies across the full range of market capitalization. Experienced research professionals in each market develop company reports and analysis as well as earnings models and projections. Ratings are Buy, Hold and Sell with a focus on compelling investment ideas - both long and short. Downloadable, dynamic earnings models are built to facilitate sensitivity analysis.

Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

Riedel's model focuses on providing clients with unique insights and consulting in addition to unlimited access to all produced research This model allows members to receive exponential benefits for their retainer fees.

<ul>
<li>RRG Global Macro Insights - China Downgrade Good for Markets - 300 Year Old Idea for a Canal Across Thailand May Actually Happen with China's Help</li>
<li>China: S&amp;P ratings cut was nothing new as it follows Moody’s in May and their own warning in June,  Beijing will keep markets strong.</li>
<li>India: Finance Minister hints at stimulus spending in 2017/18 with a focus on helping small companies hit by de-monetization and GST.</li>
<li>Thailand: A shipping canal across southern Thailand has been discussed since 1677…</li>
</ul>


RRG Global Macro Insights - China Downgrade Good for Markets - 300 Year Old Idea for a Canal Across Thailand May Actually Happen with China's Help
China: S&amp;P ratings cut was nothing new as it follows Moody’s in May and their own warning in June,  Beijing will keep markets strong.
India: Finance Minister hints at stimulus spending in 2017/18 with a focus on helping small companies hit by de-monetization and GST.
Thailand: A shipping canal across southern Thailand has been discussed since 1677…


China's Downgrade Good News for Investors - Watch the Third Round of NAFTA Talks for Mexico Outlook

India

Essel Propack Ltd. manufactures fully collapsible (soft squeeze) laminated tubes, flexible packaging and laminated paper. The Company's products are sold to pharmaceutical, consumer products and food packaging companies. Essel Propack's 100% owned subsidiary, Essel Overseas Ltd., is mainly engaged in export business.

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EPL Ltd (fka Essel Propack) (EPLL IN)

Event Driven - EPL: Merger With Indovida- Building a $1 Bn Global Packaging Platform

EPL approves all-equity merger with Indovida India, creating diversified packaging platform with $1 billion revenue and $2 billion valuation,...

Sudarshan Bhandari

Thematic Report : Packaging Sector Is Back with Bang: What’s Fueling Revival?

Packaging sector sees resurgence in Q1FY25 with rising material costs, promoter and investor interest, despite pricing pressure and demand-supply...

Nimish Maheshwari

Screening the Silk Road: Q2-2021 All Cap GARP (Zulu Warrior Screening)

GARP selection, held for 12 mths for good reason. The list delivered an average return of 54% v’s the MSCI Asia Pac Index 37.4% over the same...

David Lepper

Screening the Silk Road: Q2-2020 Small-Mid Cap GARP (Zulu Warrior Screening)

Growth as an investment style has remained prominent over the COVID-19 period, reinforcing its decade long dominance over the value. The key...

David Lepper

China's Downgrade Good News for Investors - Watch the Third Round of NAFTA Talks for Mexico Outlook

RRG Global Macro Insights - China Downgrade Good for Markets - 300 Year Old Idea for a Canal Across Thailand May Actually Happen with China's...

David Riedel

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Event Driven - EPL: Merger With Indovida- Building a $1 Bn Global Packaging Platform

​EPL approves all-equity merger with Indovida India, creating diversified packaging platform with $1 billion revenue and $2 billion valuation,...

Sudarshan Bhandari

Thematic Report : Packaging Sector Is Back with Bang: What’s Fueling Revival?

​Packaging sector sees resurgence in Q1FY25 with rising material costs, promoter and investor interest, despite pricing pressure and demand-supply...

Nimish Maheshwari

Screening the Silk Road: Q2-2021 All Cap GARP (Zulu Warrior Screening)

GARP selection, held for 12 mths for good reason. The list delivered an average return of 54% v’s the MSCI Asia Pac Index 37.4% over the same...

David Lepper

Screening the Silk Road: Q2-2020 Small-Mid Cap GARP (Zulu Warrior Screening)

Growth as an investment style has remained prominent over the COVID-19 period, reinforcing its decade long dominance over the value. The key...

David Lepper

China's Downgrade Good News for Investors - Watch the Third Round of NAFTA Talks for Mexico Outlook

RRG Global Macro Insights - China Downgrade Good for Markets - 300 Year Old Idea for a Canal Across Thailand May Actually Happen with China's...

David Riedel

EPL approves all-equity merger with Indovida India, creating diversified packaging platform with $1 billion revenue and $2 billion valuation,...

Packaging sector sees resurgence in Q1FY25 with rising material costs, promoter and investor interest, despite pricing pressure and demand-supply...