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.

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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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<ul>
<li>GIPCL is executing a 2,375 MW renewable energy park at Khavda, marking a major shift from thermal to green energy. </li>
<li>This transition is expected to improve EBITDA margins through lower operating costs and recurring O&amp;M income. </li>
<li>The shift enhances long-term visibility and positions GIPCL as a key player in Gujarat’s clean energy future, boosting investor confidence.</li>
</ul>


GIPCL is executing a 2,375 MW renewable energy park at Khavda, marking a major shift from thermal to green energy. 
This transition is expected to improve EBITDA margins through lower operating costs and recurring O&amp;M income. 
The shift enhances long-term visibility and positions GIPCL as a key player in Gujarat’s clean energy future, boosting investor confidence.


The Beat Ideas: GIPCL's Strategic Shift - A New Dawn for Gujarat's Energy Sector

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Efficient Lignite-based Power plants: GIPCL operates – Surat Lignite Power Plant (SLPP phase I and II) of 250 MW each.</li><li>Both the plants have strong operational history; in FY24, they achieved PLFs at 62.4% and 70.2% respectively against the average PLF of 69% for all India Coal and Lignite Based Power Plants.</li><li>SLPP – Phase I has a PPA with GUVNL for 30 years since its commissioning in February 2000, and it will extend it by another 10 years.</li></ul>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.

Efficient Lignite-based Power plants: GIPCL operates – Surat Lignite Power Plant (SLPP phase I and II) of 250 MW each.Both the plants have strong operational history; in FY24, they achieved PLFs at 62.4% and 70.2% respectively against the average PLF of 69% for all India Coal and Lignite Based Power Plants.SLPP – Phase I has a PPA with GUVNL for 30 years since its commissioning in February 2000, and it will extend it by another 10 years.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.

Axis Punch: Gujarat Industries Power Company Ltd - 9th July, 2025

<ul>
<li>Vikram Solar’s IPO launch with INR 1,500 crore fresh issue underscores its ambition to fund large-scale expansion, boosting installed capacity from 4.5 GW to 20.5 GW by FY27.</li>
<li>A robust 10.3 GW order book and Tier-1 global recognition reinforce demand visibility and credibility, positioning the company strongly amid India’s accelerating renewable transition.</li>
<li>Execution risks in new facilities, raw material price volatility, and premium valuations temper the growth story, requiring cautious optimism from investors.</li>
</ul>


Vikram Solar’s IPO launch with INR 1,500 crore fresh issue underscores its ambition to fund large-scale expansion, boosting installed capacity from 4.5 GW to 20.5 GW by FY27.
A robust 10.3 GW order book and Tier-1 global recognition reinforce demand visibility and credibility, positioning the company strongly amid India’s accelerating renewable transition.
Execution risks in new facilities, raw material price volatility, and premium valuations temper the growth story, requiring cautious optimism from investors.


Vikram Solar IPO - Riding India’s Renewable Energy Wave

India

Gujarat Industries Power Company Limited generates and supplies electricity to its promoting companies, which include the Gujarat State Fertiliser Co. (GSFC), Gujarat Alkalies & Chemicals (GACL), Gujarat Electricity Board and Petrofils Co-operative.

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Gujarat Inds Power (GIP IN)

The Beat Ideas: GIPCL's Strategic Shift - A New Dawn for Gujarat's Energy Sector

GIPCL shifts to green energy with 2,375 MW renewable energy park at Khavda, improving margins and boosting investor confidence.

Sudarshan Bhandari

Axis Punch: Gujarat Industries Power Company Ltd - 9th July, 2025

Both the plants have strong operational history; in FY24, they achieved PLFs at 62.4% and 70.2% respectively against the average PLF of 69% for all...

Axis Direct

Vikram Solar IPO - Riding India’s Renewable Energy Wave

Vikram Solar's IPO aims to raise INR 1,500 crore for massive expansion, with a strong order book and global recognition, but faces risks from raw...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Beat Ideas: GIPCL's Strategic Shift - A New Dawn for Gujarat's Energy Sector

​GIPCL shifts to green energy with 2,375 MW renewable energy park at Khavda, improving margins and boosting investor confidence.

Sudarshan Bhandari

Axis Punch: Gujarat Industries Power Company Ltd - 9th July, 2025

Both the plants have strong operational history; in FY24, they achieved PLFs at 62.4% and 70.2% respectively against the average PLF of 69% for all...

Axis Direct

Vikram Solar IPO - Riding India’s Renewable Energy Wave

​Vikram Solar's IPO aims to raise INR 1,500 crore for massive expansion, with a strong order book and global recognition, but faces risks from raw...

Sudarshan Bhandari

GIPCL shifts to green energy with 2,375 MW renewable energy park at Khavda, improving margins and boosting investor confidence.

Vikram Solar's IPO aims to raise INR 1,500 crore for massive expansion, with a strong order book and global recognition, but faces risks from raw...