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

Event-Driven

<ul>
<li>Vedanta has replaced its fixed 30%-of-profit dividend floor with a discretionary, board-driven framework. FY26 total payout of Rs. 13,279 crore is the lowest since FY21.</li>
<li>The contractual floor was the primary anchor of Vedanta's yield stock identity. With five separate boards now governing payout decisions post-demerger, the income predictability that warranted a premium valuation disappears.</li>
<li>The policy change is structurally tied to Vedanta Resources's deleveraging roadmap: lower mandatory upstreaming from VEDL gives the parent more flexibility to prioritize debt services.</li>
</ul>


Vedanta has replaced its fixed 30%-of-profit dividend floor with a discretionary, board-driven framework. FY26 total payout of Rs. 13,279 crore is the lowest since FY21.
The contractual floor was the primary anchor of Vedanta's yield stock identity. With five separate boards now governing payout decisions post-demerger, the income predictability that warranted a premium valuation disappears.
The policy change is structurally tied to Vedanta Resources's deleveraging roadmap: lower mandatory upstreaming from VEDL gives the parent more flexibility to prioritize debt services.


<ul>
<li>Vedanta Limited trades ex-demerger today, April 30; residual entity discovered at Rs 289, retaining zinc, copper, and ferro-chrome businesses.</li>
<li>The residual Vedanta is effectively  trading today at 289, whereas our SoTP suggest fair values of Rs 311.</li>
<li>Whether the residual Vedanta re-rates depends on dividend pass-through from HZL: a capital allocation policy shift flagged by Nuvama is the single largest swing factor investors should watch.</li>
</ul>


Vedanta Limited trades ex-demerger today, April 30; residual entity discovered at Rs 289, retaining zinc, copper, and ferro-chrome businesses.
The residual Vedanta is effectively  trading today at 289, whereas our SoTP suggest fair values of Rs 311.
Whether the residual Vedanta re-rates depends on dividend pass-through from HZL: a capital allocation policy shift flagged by Nuvama is the single largest swing factor investors should watch.


Vedanta Post-Demerger: Is It Worth Holding?

<ul>
<li>All active Vedanta F&amp;O contracts expire compulsorily on April 29, 2026. Fresh contracts on the restructured Vedanta Ltd resume April 30 at 10:00 AM IST.</li>
<li>The four demerged entities have no derivatives access for at least six months post-listing.</li>
<li>Open interest holders face forced settlement and mark-to-market crystallisation at a structurally adjusted price. </li>
</ul>


All active Vedanta F&amp;O contracts expire compulsorily on April 29, 2026. Fresh contracts on the restructured Vedanta Ltd resume April 30 at 10:00 AM IST.
The four demerged entities have no derivatives access for at least six months post-listing.
Open interest holders face forced settlement and mark-to-market crystallisation at a structurally adjusted price. 


Vedanta's F&O Reset: What Happens to Your Contracts When One Company Becomes Five

Asia-Focused Industry Research, Speeda Research

Speeda

Asia-Focused Industry Research

Speeda Research

Speeda Research analysts cover China, Japan, India and SEA on the latest trends and topics. We have analysts of diverse nationalities who are able to access information in their respective local languages to provide customers with comprehensive reports. With access to private company data in these regions, Speeda Research is also able to provide insights into niche sectors which are not usually covered by other parties. We are also able to undertake ad hoc company and industry research reports.

Thematic (Sector/Industry)

Rich Zinc Reserves to Buoy Increasing Mine OutputWith about 107 million tonnes of zinc metal reserves, India ranks 6th globally. The country also operates the largest zinc mine in the world at Rampura Agucha which has a production capacity of 6.15 metric tonnes per annum. Zinc ore and concentrate production in India lie solely with <a href="https://www.smartkarma.com/entities/8688" target="_blank" data-smartkarma-citation="entities:8688:1">Hindustan Zinc Ltd (HZ IN)</a>(HZL) which was divested by the Government of India in 2002-03. As of today, <a href="https://www.smartkarma.com/entities/514" target="_blank" data-smartkarma-citation="entities:514:1">Vedanta Ltd (VEDL IN)</a> owns 64.92% of the company, putting zinc…

Rich Zinc Reserves to Buoy Increasing Mine OutputWith about 107 million tonnes of zinc metal reserves, India ranks 6th globally. The country also operates the largest zinc mine in the world at Rampura Agucha which has a production capacity of 6.15 metric tonnes per annum. Zinc ore and concentrate production in India lie solely with Hindustan Zinc Ltd (HZ IN)(HZL) which was divested by the Government of India in 2002-03. As of today, Vedanta Ltd (VEDL IN) owns 64.92% of the company, putting zinc…

Rising Metal Prices and Debt Obligations of Vedanta to Spur Zinc Mining in India

Asia focused research insights & advisory, Asia Advisors

Vinay Patel

Asia focused research insights & advisory

Asia Advisors

Asia Advisors is an independent financial advisory and research firm working closely with corporates and institutions to provide consulting solutions & research insights. We provide advisory services including capital solutions, business strategy and investment insights.
Firm is headed by Vinay Patel who has close to two decades of experience in research and business development at large, international investment banks such as HSBC and ICICI Securities. Led research efforts in areas of Macroeconomics, Asset Allocation & Investment Strategy for close to a decade in global & domestic research teams. As a business head in Singapore, advised top global investment management firms & Portfolio managers in Asia for India related investments.
Vinay was recently joined by Swapnil Manish, an investment banker and ex-ecommerce entrepreneur with more than 12 years of experience. Swapnil was the TMT banker at BNP Paribas and was part of several large M&A and ECM transactions (Bharti-Zain, Bharti Infratel IPO, Schneider-Zicom among several others). He's also had a stint as an ecommerce entrepreneur having launched & led Mumbai's first online grocery player.

Expectations on economic reforms from Modi government are running high after the big win in Uttar Pradesh. Political analysts are expecting this win to ease Modi's chances for another term at national elections in 2019 and that would give him total 7 year period to push for reforms (In his victory speech Modi himself said he is now looking for delivering by 2022 - the 75th year of Indian Independence). Amidst the euphoria of Modi's victory, we would like to highlight some of the ground realities…

Expectations on economic reforms from Modi government are running high after the big win in Uttar Pradesh. Political analysts are expecting this win to ease Modi's chances for another term at national elections in 2019 and that would give him total 7 year period to push for reforms (In his victory speech Modi himself said he is now looking for delivering by 2022 - the 75th year of Indian Independence). Amidst the euphoria of Modi's victory, we would like to highlight some of the ground realities…

Investors Need To Be Patient With Reform Momentum Even As Modi Win Ensures Policy Continuity

India

Hindustan Zinc is an Indian integrated mining and resources producer, specializing in zinc, lead, and silver, and is the world's second-largest zinc producer and among the top five silver producers globally. The company also engages in captive power generation and manufactures phosphatic fertilizers. Hindustan Zinc is headquartered in Udaipur, Rajasthan, India, and was founded in 1966.

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Hindustan Zinc (HZ IN)

Vedanta Ltd: Change in Dividend Policy!

Vedanta shifts from fixed dividend floor to discretionary framework, impacting payout predictability and premium valuation. Deleveraging roadmap...

Nimish Maheshwari

Vedanta Post-Demerger: Is It Worth Holding?

Vedanta Limited trades ex-demerger today at Rs 289, retaining zinc, copper. Residual entity may re-rate depending on dividend pass-through from HZL.

Nimish Maheshwari

Vedanta's F&O Reset: What Happens to Your Contracts When One Company Becomes Five

Vedanta F&O contracts to expire on April 29, 2026, with new contracts on restructured Vedanta Ltd starting April 30. Demerged entities have no...

Nimish Maheshwari

Rising Metal Prices and Debt Obligations of Vedanta to Spur Zinc Mining in India

Rich Zinc Reserves to Buoy Increasing Mine OutputWith about 107 million tonnes of zinc metal reserves, India ranks 6th globally. The country also...

Speeda Research

Investors Need To Be Patient With Reform Momentum Even As Modi Win Ensures Policy Continuity

Expectations on economic reforms from Modi government are running high after the big win in Uttar Pradesh. Political analysts are expecting this...

Asia Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Vedanta Ltd: Change in Dividend Policy!

​Vedanta shifts from fixed dividend floor to discretionary framework, impacting payout predictability and premium valuation. Deleveraging roadmap...

Nimish Maheshwari

Vedanta Post-Demerger: Is It Worth Holding?

​Vedanta Limited trades ex-demerger today at Rs 289, retaining zinc, copper. Residual entity may re-rate depending on dividend pass-through from HZL.

Nimish Maheshwari

Vedanta's F&O Reset: What Happens to Your Contracts When One Company Becomes Five

​Vedanta F&O contracts to expire on April 29, 2026, with new contracts on restructured Vedanta Ltd starting April 30. Demerged entities have no...

Nimish Maheshwari

Rising Metal Prices and Debt Obligations of Vedanta to Spur Zinc Mining in India

Rich Zinc Reserves to Buoy Increasing Mine OutputWith about 107 million tonnes of zinc metal reserves, India ranks 6th globally. The country also...

Speeda Research

Investors Need To Be Patient With Reform Momentum Even As Modi Win Ensures Policy Continuity

Expectations on economic reforms from Modi government are running high after the big win in Uttar Pradesh. Political analysts are expecting this...

Asia Advisors

Vedanta shifts from fixed dividend floor to discretionary framework, impacting payout predictability and premium valuation. Deleveraging roadmap...

Vedanta Limited trades ex-demerger today at Rs 289, retaining zinc, copper. Residual entity may re-rate depending on dividend pass-through from HZL.

Vedanta F&O contracts to expire on April 29, 2026, with new contracts on restructured Vedanta Ltd starting April 30. Demerged entities have no...