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

Indian Metals & Ferro Alloys / Equity Bottom-Up

<ul>
<li>IMFA has acquired a Tata Steel ferro chrome plant, commissioned KNR-2, and is racing to fire up KNR-1 by July 2026, setting the stage for a 265,000-to-475,000-tonne output by FY28.</li>
<li>Realizations have surged from ~Rs. 87,000/tonne (Q4 FY25) to Rs. 1.18–1.20 lakh/tonne, while IMFA's cost base (~$885–900/tonne) sits meaningfully below Chinese peers (~$1,050–1,070/tonne), amplifying operating leverage at the margin.</li>
<li>A Company with 90% exports also increasing its share in high demand domestic markets. Targeting 25% revenue share in 3 years, which will further reduce logistic cost and improve margins.</li>
</ul>


IMFA has acquired a Tata Steel ferro chrome plant, commissioned KNR-2, and is racing to fire up KNR-1 by July 2026, setting the stage for a 265,000-to-475,000-tonne output by FY28.
Realizations have surged from ~Rs. 87,000/tonne (Q4 FY25) to Rs. 1.18–1.20 lakh/tonne, while IMFA's cost base (~$885–900/tonne) sits meaningfully below Chinese peers (~$1,050–1,070/tonne), amplifying operating leverage at the margin.
A Company with 90% exports also increasing its share in high demand domestic markets. Targeting 25% revenue share in 3 years, which will further reduce logistic cost and improve margins.


IMFA: Global Lowest Cost Producer of Ferrochrome Doubling Its Capacity!

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

<ul>
<li>We highlight large and small cap companies that experienced significant insider buying during September 2025, as reported on the stock exchanges.</li>
<li>We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.</li>
<li>As September is a month just before the result season starts, some of these companies may highlight about improving prospects during coming quarters.</li>
</ul>


We highlight large and small cap companies that experienced significant insider buying during September 2025, as reported on the stock exchanges.
We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.
As September is a month just before the result season starts, some of these companies may highlight about improving prospects during coming quarters.


Insider Activity: Who Bought Their Own Stock in September?

<ul>
<li>Insider buying spanned across 40+ stocks in June 2025, highlighting continued conviction among promoters, directors, and trusts.</li>
<li>While, there were fewer companies with market cap above USD 1 bn which saw insider buying, this number was significantly higher (35 count) in smaller names.</li>
<li>Companies which have zoomed after the insider purchases include - <a href="https://www.smartkarma.com/entities/lt-foods-ltd" target="_blank" data-smartkarma-citation="entities:20784:1" rel="noopener">LT Foods Ltd (LTFO IN)</a> (+10%), Valor Estate (+11%). In smaller names - <a href="https://www.smartkarma.com/entities/man-industries-india-ltd" target="_blank" data-smartkarma-citation="entities:20233:1" rel="noopener">Man Industries (India) (MAN IN)</a> (+88%)</li>
</ul>


Insider buying spanned across 40+ stocks in June 2025, highlighting continued conviction among promoters, directors, and trusts.
While, there were fewer companies with market cap above USD 1 bn which saw insider buying, this number was significantly higher (35 count) in smaller names.
Companies which have zoomed after the insider purchases include - LT Foods Ltd (LTFO IN) (+10%), Valor Estate (+11%). In smaller names - Man Industries (India) (MAN IN) (+88%)


India Insider Buying – June '25: Strong Activity in Small Caps, Limited Participation in Large Caps.

India

Indian Metals & Ferro Alloys (IMFA) is a fully integrated Indian producer of ferrochrome, a key raw material primarily used in the production of stainless steel. The company operates through three segments: Ferro Alloys, Power, and Mining, supported by captive chromite mines and power generation. IMFA was established in 1961 and is headquartered in Bhubaneswar, Odisha, India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Indian Metals & Ferro Alloys (IMFA IN)

IMFA: Global Lowest Cost Producer of Ferrochrome Doubling Its Capacity!

IMFA's strategic acquisitions and operational efficiencies set to boost output and margins, targeting increased revenue share in domestic markets.

Sudarshan Bhandari

Insider Activity: Who Bought Their Own Stock in September?

September 2025 saw significant insider buying in large and small cap companies, with key sectors experiencing movement above insider buying...

Sreemant Dudhoria

India Insider Buying – June '25: Strong Activity in Small Caps, Limited Participation in Large Caps.

India Insider buying spanned across 40+ stocks in June 2025. Strong activity seen in small cap companies and few companies in large cap.

Sreemant Dudhoria

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

IMFA: Global Lowest Cost Producer of Ferrochrome Doubling Its Capacity!

​IMFA's strategic acquisitions and operational efficiencies set to boost output and margins, targeting increased revenue share in domestic markets.

Sudarshan Bhandari

Insider Activity: Who Bought Their Own Stock in September?

​September 2025 saw significant insider buying in large and small cap companies, with key sectors experiencing movement above insider buying...

Sreemant Dudhoria

India Insider Buying – June '25: Strong Activity in Small Caps, Limited Participation in Large Caps.

India Insider buying spanned across 40+ stocks in June 2025. Strong activity seen in small cap companies and few companies in large cap.

Sreemant Dudhoria

IMFA's strategic acquisitions and operational efficiencies set to boost output and margins, targeting increased revenue share in domestic markets.

September 2025 saw significant insider buying in large and small cap companies, with key sectors experiencing movement above insider buying...