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

Thematic (Sector/Industry)

<ul>
<li>India's Wires &amp; Cables sector is doubling by FY29 with a major 80% capex surge in FY26, driven by infrastructure and exports. </li>
<li>Despite robust supply growth, a significant INR 177.3 billion demand-supply gap by FY30 indicates strong absorption. </li>
<li>
<a href="https://www.smartkarma.com/entities/polycab-india-ltd" target="_blank" data-smartkarma-citation="entities:27877:1" rel="noopener">Polycab India (POLYCAB IN)</a> leads with high ROIC and growth, while <a href="https://www.smartkarma.com/entities/havells-india-ltd" target="_blank" data-smartkarma-citation="entities:9158:1" rel="noopener">Havells India (HAVL IN)</a> and <a href="https://www.smartkarma.com/entities/apar-industries-ltd" target="_blank" data-smartkarma-citation="entities:12511:1" rel="noopener">Apar Industries (APR IN)</a> offer strong capex-driven expansion for investors.</li>
</ul>


India's Wires &amp; Cables sector is doubling by FY29 with a major 80% capex surge in FY26, driven by infrastructure and exports. 
Despite robust supply growth, a significant INR 177.3 billion demand-supply gap by FY30 indicates strong absorption. 

Polycab India (POLYCAB IN) leads with high ROIC and growth, while Havells India (HAVL IN) and Apar Industries (APR IN) offer strong capex-driven expansion for investors.


Thematic Report: Wires & Cables Industry~ Exponential Capex Meeting Demand, Key Players to Benefit

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>Promoters of multiple large-cap Indian firms made significant insider purchases in March 2025.</li>
<li>Sectors with notable activity include financials, real estate, and specialty chemicals.</li>
<li>Many of these stocks have already rallied post-purchase, with gains reaching up to 30%.</li>
</ul>


Promoters of multiple large-cap Indian firms made significant insider purchases in March 2025.
Sectors with notable activity include financials, real estate, and specialty chemicals.
Many of these stocks have already rallied post-purchase, with gains reaching up to 30%.


Insider Buying Trends in Indian Equities (Market Cap > USD 1 Billion) – March 2025

<ul>
<li>UltraTech Cement is entering the Wires &amp; Cables industry with a INR 1,800 crore investment and a plant in Gujarat, aiming for INR 9,000 crore in revenue by 2030. </li>
<li>With strong backward integration and an extensive distribution network, the move could disrupt a fragmented market. </li>
<li>However, incumbents believe scaling and regulatory approvals will be key hurdles, much like Grasim’s entry into paints.</li>
</ul>


UltraTech Cement is entering the Wires &amp; Cables industry with a INR 1,800 crore investment and a plant in Gujarat, aiming for INR 9,000 crore in revenue by 2030. 
With strong backward integration and an extensive distribution network, the move could disrupt a fragmented market. 
However, incumbents believe scaling and regulatory approvals will be key hurdles, much like Grasim’s entry into paints.


What Ultratech’s Foray into Wires & Cables Means for Industry Dynamics, Competition, and Growth

<ul>
<li>India's NEP 2022-2032 presents a favorable outlook for EPC firms specializing in Transmission &amp; Distribution by emphasizing transmission capacity enhancement, renewable energy integration, and modernization of existing assets. </li>
<li>This translates into a projected capital expenditure of Rs. 9 Lakh Crore between FY25 and 32, offering EPC companies substantial growth opportunities. </li>
<li>This growth is further strengthened by the NEP's focus on embracing advanced technologies like HVDC and powering the green hydrogen/green ammonia economy, ultimately establishing a long-term growth trajectory for T&amp;D.</li>
</ul>


India's NEP 2022-2032 presents a favorable outlook for EPC firms specializing in Transmission &amp; Distribution by emphasizing transmission capacity enhancement, renewable energy integration, and modernization of existing assets. 
This translates into a projected capital expenditure of Rs. 9 Lakh Crore between FY25 and 32, offering EPC companies substantial growth opportunities. 
This growth is further strengthened by the NEP's focus on embracing advanced technologies like HVDC and powering the green hydrogen/green ammonia economy, ultimately establishing a long-term growth trajectory for T&amp;D.


India's Grid Transformation: A ₹9 Lakh Crore Opportunity for T&D EPC Firms

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>In Real-time market (RTM) Power volumes surged by 20% in June, reflecting the need for immediate power delivery during sudden high-demand periods.</li>
<li>Indian Govt has extended the blending period of imported coal to Jun-24 to meet the rising demand. </li>
<li>Rising Power demand will create a lot more opportunity across value chain including transformers, cables, smart meters etc.</li>
</ul>


In Real-time market (RTM) Power volumes surged by 20% in June, reflecting the need for immediate power delivery during sudden high-demand periods.
Indian Govt has extended the blending period of imported coal to Jun-24 to meet the rising demand. 
Rising Power demand will create a lot more opportunity across value chain including transformers, cables, smart meters etc.


Thematic Report- Indian Power at Peak: Value Chain Stocks

India

KEI Industries Limited manufactures cables and stainless steel wires for the building and construction, defense, telecommunications, and other industries.

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KEI Industries (KEII IN)

Thematic Report: Wires & Cables Industry~ Exponential Capex Meeting Demand, Key Players to Benefit

India's Wires & Cables sector set to double by FY29 with 80% capex surge in FY26, driven by infrastructure and exports. Polycab India leads with...

Sudarshan Bhandari

Insider Buying Trends in Indian Equities (Market Cap > USD 1 Billion) – March 2025

Promoters increased stakes in key large-cap Indian stocks in March'25, signaling strong conviction. Focus on financials, real estate, and chemicals...

Sreemant Dudhoria

What Ultratech’s Foray into Wires & Cables Means for Industry Dynamics, Competition, and Growth

UltraTech Cement is making a bold move into the Wires & Cables industry with a significant investment, aiming to disrupt the market and achieve...

Sudarshan Bhandari

India's Grid Transformation: A ₹9 Lakh Crore Opportunity for T&D EPC Firms

India's NEP 2022-2032 boosts growth opportunities for EPC firms in Transmission & Distribution with a projected Rs. 9 Lakh Crore capital expenditure.

Sudarshan Bhandari

Thematic Report- Indian Power at Peak: Value Chain Stocks

Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Thematic Report: Wires & Cables Industry~ Exponential Capex Meeting Demand, Key Players to Benefit

​India's Wires & Cables sector set to double by FY29 with 80% capex surge in FY26, driven by infrastructure and exports. Polycab India leads with...

Sudarshan Bhandari

Insider Buying Trends in Indian Equities (Market Cap > USD 1 Billion) – March 2025

Promoters increased stakes in key large-cap Indian stocks in March'25, signaling strong conviction. Focus on financials, real estate, and chemicals...

Sreemant Dudhoria

What Ultratech’s Foray into Wires & Cables Means for Industry Dynamics, Competition, and Growth

​UltraTech Cement is making a bold move into the Wires & Cables industry with a significant investment, aiming to disrupt the market and achieve...

Sudarshan Bhandari

India's Grid Transformation: A ₹9 Lakh Crore Opportunity for T&D EPC Firms

​India's NEP 2022-2032 boosts growth opportunities for EPC firms in Transmission & Distribution with a projected Rs. 9 Lakh Crore capital expenditure.

Sudarshan Bhandari

Thematic Report- Indian Power at Peak: Value Chain Stocks

​Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...

Nimish Maheshwari

India's Wires & Cables sector set to double by FY29 with 80% capex surge in FY26, driven by infrastructure and exports. Polycab India leads with...

UltraTech Cement is making a bold move into the Wires & Cables industry with a significant investment, aiming to disrupt the market and achieve...

India's NEP 2022-2032 boosts growth opportunities for EPC firms in Transmission & Distribution with a projected Rs. 9 Lakh Crore capital expenditure.

Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...