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

Equity Bottom-Up

<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 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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kilburn-engineering-ltd" target="_blank" data-smartkarma-citation="entities:43974:1" rel="noopener">Kilburn Engineering (KEL IN)</a> achieved highest-ever standalone/consolidated revenue and EBITDA, completed two strategic acquisitions (ME Energy, Monga Strayfield), and secured record orders, particularly entering the Nuclear sector.</li>
<li>The performance validates the company's strategy of diversification and inorganic growth, providing strong visibility for future revenue with 50% growth target for FY26 .</li>
<li>The strong execution, robust order book, and confident management guidance reinforce a positive outlook, suggesting significant growth potential building on recent strategic moves.</li>
</ul>



Kilburn Engineering (KEL IN) achieved highest-ever standalone/consolidated revenue and EBITDA, completed two strategic acquisitions (ME Energy, Monga Strayfield), and secured record orders, particularly entering the Nuclear sector.
The performance validates the company's strategy of diversification and inorganic growth, providing strong visibility for future revenue with 50% growth target for FY26 .
The strong execution, robust order book, and confident management guidance reinforce a positive outlook, suggesting significant growth potential building on recent strategic moves.


Kilburn Engineering: Record Performance and Robust Growth Outlook

<ul>
<li>Kilburn Engineering’s Q3 FY25 revenue rose 25.1% YoY to ₹911 million with EBITDA up 30.1%, driven by strategic acquisitions and a robust order backlog exceeding ₹3,600 million.</li>
<li>Robust financials, an expanding order book, and targeted acquisitions enhance growth prospects and operational efficiency, solidifying Kilburn Engineering's market position.</li>
<li>Investors gain confidence as Kilburn Engineering's disciplined execution and diversified strategy signal sustainable long-term revenue and margin expansion.</li>
</ul>


Kilburn Engineering’s Q3 FY25 revenue rose 25.1% YoY to ₹911 million with EBITDA up 30.1%, driven by strategic acquisitions and a robust order backlog exceeding ₹3,600 million.
Robust financials, an expanding order book, and targeted acquisitions enhance growth prospects and operational efficiency, solidifying Kilburn Engineering's market position.
Investors gain confidence as Kilburn Engineering's disciplined execution and diversified strategy signal sustainable long-term revenue and margin expansion.


Kilburn Engineering Limited Q3 FY25 Update: Strategic Acquisitions and Strong Growth

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Event-Driven

<ul>
<li>In the overheated Indian markets where selling spree by promoters is going at record pace.</li>
<li>We identified certain interesting companies where promoters are buying giving confidence in their business</li>
<li>We further delve into the thesis and key triggers for these companies</li>
</ul>


In the overheated Indian markets where selling spree by promoters is going at record pace.
We identified certain interesting companies where promoters are buying giving confidence in their business
We further delve into the thesis and key triggers for these companies


Thematic Report : Investment Opportunities in Indian Markets Led by Promoter Buying

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kilburn-engineering-ltd" target="_blank" data-smartkarma-citation="entities:43974:1" rel="noopener">Kilburn Engineering (KEL IN)</a> acquired new assets, expanded into waste heat recovery, and enhanced its market position with acquisitions in July and August 2024.</li>
<li>Debt settlement, 2 Fundraise, 2 Mega acquisition, diversification of revenue and margin improvement are some key positives for Kilburn.</li>
<li>Rs. 371Cr of Order Book, FY25E Revenue of Rs. 500Cr Revenue leads to 60% revenue growth and expecting margins of 20% will lead to huge potential for this company.</li>
</ul>



Kilburn Engineering (KEL IN) acquired new assets, expanded into waste heat recovery, and enhanced its market position with acquisitions in July and August 2024.
Debt settlement, 2 Fundraise, 2 Mega acquisition, diversification of revenue and margin improvement are some key positives for Kilburn.
Rs. 371Cr of Order Book, FY25E Revenue of Rs. 500Cr Revenue leads to 60% revenue growth and expecting margins of 20% will lead to huge potential for this company.


The Beat Ideas: Kilburn Engineering Limited: Differentiated Business, Multiple Acquisition, Growth

India

Kilburn Engineering is an Indian industrial equipment manufacturer specializing in the design, engineering, and commissioning of customized process systems, particularly advanced drying and thermal processing solutions. The company's key products include industrial drying systems, heat exchangers, and customized process packages for sectors like petrochemicals, oil and gas, pharmaceuticals, and food. Headquartered in Thane, Maharashtra, India, the company was incorporated in 1987.

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Kilburn Engineering (KEL IN)

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

Kilburn Engineering: Record Performance and Robust Growth Outlook

Kilburn Engineering (KEL IN) achieves record revenue, EBITDA, and orders, validates diversification strategy with acquisitions and entry into...

Sudarshan Bhandari

Kilburn Engineering Limited Q3 FY25 Update: Strategic Acquisitions and Strong Growth

Kilburn Engineering's Q3 FY25 revenue up 25.1% YoY to ₹911 million, driven by acquisitions and strong order backlog, solidifying market position...

Sudarshan Bhandari

Thematic Report : Investment Opportunities in Indian Markets Led by Promoter Buying

Indian markets see record promoter selling, but some companies show confidence with promoter buying. Article explores thesis and key triggers for...

Nimish Maheshwari

The Beat Ideas: Kilburn Engineering Limited: Differentiated Business, Multiple Acquisition, Growth

Kilburn Engineering strengthens market position through acquisitions, debt settlement, and revenue diversification, poised for significant growth...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

Kilburn Engineering: Record Performance and Robust Growth Outlook

​Kilburn Engineering (KEL IN) achieves record revenue, EBITDA, and orders, validates diversification strategy with acquisitions and entry into...

Sudarshan Bhandari

Kilburn Engineering Limited Q3 FY25 Update: Strategic Acquisitions and Strong Growth

​Kilburn Engineering's Q3 FY25 revenue up 25.1% YoY to ₹911 million, driven by acquisitions and strong order backlog, solidifying market position...

Sudarshan Bhandari

Thematic Report : Investment Opportunities in Indian Markets Led by Promoter Buying

​Indian markets see record promoter selling, but some companies show confidence with promoter buying. Article explores thesis and key triggers for...

Nimish Maheshwari

The Beat Ideas: Kilburn Engineering Limited: Differentiated Business, Multiple Acquisition, Growth

​Kilburn Engineering strengthens market position through acquisitions, debt settlement, and revenue diversification, poised for significant growth...

Sudarshan Bhandari

Kilburn Engineering (KEL IN) achieves record revenue, EBITDA, and orders, validates diversification strategy with acquisitions and entry into...

Kilburn Engineering's Q3 FY25 revenue up 25.1% YoY to ₹911 million, driven by acquisitions and strong order backlog, solidifying market position...

Indian markets see record promoter selling, but some companies show confidence with promoter buying. Article explores thesis and key triggers for...

Kilburn Engineering strengthens market position through acquisitions, debt settlement, and revenue diversification, poised for significant growth...