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>With Nifty 50 earnings growth barely 3% YoY in CY25, companies that voluntarily offer specific, multi-metric guidance signal not just confidence, but accountability. </li>
<li>Management-Backed targets are a meaningful filter in a market where execution risk dominates.</li>
<li>Twenty Indian mid and small-cap companies have issued explicit quantitative growth guidance for FY26–FY27, spanning revenue, EBITDA, and AUM metrics across sectors from specialty chemicals to power systems to CRDMO.</li>
</ul>


With Nifty 50 earnings growth barely 3% YoY in CY25, companies that voluntarily offer specific, multi-metric guidance signal not just confidence, but accountability. 
Management-Backed targets are a meaningful filter in a market where execution risk dominates.
Twenty Indian mid and small-cap companies have issued explicit quantitative growth guidance for FY26–FY27, spanning revenue, EBITDA, and AUM metrics across sectors from specialty chemicals to power systems to CRDMO.


India's Guided Growth Playbook: 20 Companies Telling You Exactly Where They're Going

<ul>
<li>Government Hikes Windfall Tax on Crude Oil to Rs.6,000 per Tonne from Rs.3,250</li>
<li>Larsen &amp; Turbo Secures Significant Offshore Order worth Rs. 2,500 crores from ONGC</li>
<li>Mahindra &amp; Mahindra Total volume Rise 11% YoY to 69,397 Units in June 2024</li>
</ul>


Government Hikes Windfall Tax on Crude Oil to Rs.6,000 per Tonne from Rs.3,250
Larsen &amp; Turbo Secures Significant Offshore Order worth Rs. 2,500 crores from ONGC
Mahindra &amp; Mahindra Total volume Rise 11% YoY to 69,397 Units in June 2024


#22 India Insight: Increase in Windfall Tax on Crude Oil, L&T Offshore Order, M&M Volume Rise

Equity Bottom-Up

Happy Forgings Limited / Equity Bottom-Up

<ul>
<li>Happy Forgings posted an all-time high quarter in Q3 FY26, with Revenue, EBITDA Margin 30.8% (+220bp YoY) and PAT Margin 22.3% setting new records</li>
<li>Funded by a Rs. 650 crore capex program, Forging capacity will increase to 1,50,000 tonnes &amp; machining capacity to 82,000 tonnes by FY27. </li>
<li>
Three Distinct growth engines(PV, Wind &amp; Industrial) will help in expanding margin vs resilient margins in core CV business.</li>
</ul>


Happy Forgings posted an all-time high quarter in Q3 FY26, with Revenue, EBITDA Margin 30.8% (+220bp YoY) and PAT Margin 22.3% setting new records
Funded by a Rs. 650 crore capex program, Forging capacity will increase to 1,50,000 tonnes &amp; machining capacity to 82,000 tonnes by FY27. 

Three Distinct growth engines(PV, Wind &amp; Industrial) will help in expanding margin vs resilient margins in core CV business.


Happy Forgings Three Growth Engine: Margins, Exports and Heavy Forgings

India

M.M.Forgings Limited manufactures steel forgings in raw, and various grades of carbon, alloy, micro alloy, and stainless steel.

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M.M. Forgings (MMFG IN)

India's Guided Growth Playbook: 20 Companies Telling You Exactly Where They're Going

These are 20 Indian Companies offering specific, multi-metric guidance signal confidence and accountability in a market dominated by execution risk.

Sudarshan Bhandari

#22 India Insight: Increase in Windfall Tax on Crude Oil, L&T Offshore Order, M&M Volume Rise

Government increases windfall tax on crude oil, Larsen & Turbo wins Rs. 2,500 crore offshore order from ONGC, Mahindra & Mahindra sees 11% YoY...

Sudarshan Bhandari

Happy Forgings Three Growth Engine: Margins, Exports and Heavy Forgings

Happy Forgings achieves record-breaking performance in Q3 FY26 with all-time high revenue and margins, setting the stage for expansion into new...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

India's Guided Growth Playbook: 20 Companies Telling You Exactly Where They're Going

​These are 20 Indian Companies offering specific, multi-metric guidance signal confidence and accountability in a market dominated by execution risk.

Sudarshan Bhandari

#22 India Insight: Increase in Windfall Tax on Crude Oil, L&T Offshore Order, M&M Volume Rise

​Government increases windfall tax on crude oil, Larsen & Turbo wins Rs. 2,500 crore offshore order from ONGC, Mahindra & Mahindra sees 11% YoY...

Sudarshan Bhandari

Happy Forgings Three Growth Engine: Margins, Exports and Heavy Forgings

​Happy Forgings achieves record-breaking performance in Q3 FY26 with all-time high revenue and margins, setting the stage for expansion into new...

Sudarshan Bhandari

These are 20 Indian Companies offering specific, multi-metric guidance signal confidence and accountability in a market dominated by execution risk.

Government increases windfall tax on crude oil, Larsen & Turbo wins Rs. 2,500 crore offshore order from ONGC, Mahindra & Mahindra sees 11% YoY...

Happy Forgings achieves record-breaking performance in Q3 FY26 with all-time high revenue and margins, setting the stage for expansion into new...