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>
<a href="https://www.smartkarma.com/entities/mahindra-mahindra-ltd" target="_blank" data-smartkarma-citation="entities:16441:1" rel="noopener">Mahindra &amp; Mahindra (MM IN)</a> plans to scale businesses across hospitality, aerospace, and renewables, prioritizing operational excellence over acquisitions for sustainable long-term growth.</li>
<li>
<a href="https://www.smartkarma.com/entities/ola-electric-mobility-pvt-ltd" target="_blank" data-smartkarma-citation="entities:40618:1" rel="noopener">Ola Electric (OLAELEC IN)</a> lays off 1,000+ employees as losses surge 50%, competition intensifies, and market share declines, leading to a 60% stock plunge.</li>
<li>India’s Q3 GDP growth hits 6.2%, boosted by Maha Kumbh spending, tax cuts, and strong exports, despite market volatility and fiscal challenges.</li>
</ul>



Mahindra &amp; Mahindra (MM IN) plans to scale businesses across hospitality, aerospace, and renewables, prioritizing operational excellence over acquisitions for sustainable long-term growth.

Ola Electric (OLAELEC IN) lays off 1,000+ employees as losses surge 50%, competition intensifies, and market share declines, leading to a 60% stock plunge.
India’s Q3 GDP growth hits 6.2%, boosted by Maha Kumbh spending, tax cuts, and strong exports, despite market volatility and fiscal challenges.


#112 India Insight: Mahindra Expands Sustainably, Ola Electric Struggles, India’s Q3 GDP Grows 6.2%

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/greaves-cotton-ltd" target="_blank" data-smartkarma-citation="entities:11664:1" rel="noopener">Greaves Cotton (GRV IN)</a> is raising funds by separately listing its mobility arm, enabling better focus and execution for the segment.</li>
<li>Company is guiding for 30,000Cr topline by 2030  with 13-15% margins excluding mobility segment.</li>
<li>The company's core business remains profitable and on a growth path. New funds will improve the mobility arm's operations and support current business growth would be from ongoing capex investments.</li>
</ul>



Greaves Cotton (GRV IN) is raising funds by separately listing its mobility arm, enabling better focus and execution for the segment.
Company is guiding for 30,000Cr topline by 2030  with 13-15% margins excluding mobility segment.
The company's core business remains profitable and on a growth path. New funds will improve the mobility arm's operations and support current business growth would be from ongoing capex investments.


The Beat Ideas: Greaves Cotton- Demerging The Cash Cow From Mobility Business

Equity Analyst - Asia Consumer Sector, Investory

Devi Subhakesan

Equity Analyst - Asia Consumer Sector

ASIA CONSUMER: INSIGHTS AND INVESTMENT IDEAS

Investory

Investory is a Singapore-based boutique independent equity research firm founded in January 2017 with a primary focus on consumption themes across Asia-Pacific.

We aim to generate investible ideas based on consumption trends and outlook. We screen our ideas on several parameters - product potential, long-term growth and management commitment being the most critical.  We follow a fundamental analysis approach in our stock selection process and are not restricted by market cap.

We aspire to grow into a leading source of unbiased research, free of conflict of interest, for investors yearning for independent and disciplined analysis. 

We also undertake bespoke research mandates to support our Institutional clients’ investment needs.

Our team comprises of professionals with extensive experience in the Asian equity markets, in areas ranging from research, servicing institutional clients and investment management.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India</a> was added to MSCI Global Standard Index. The changes will take effect at the close of February 28, with an effective date of March 3, 2025</li>
<li>Despite being India's second-largest passenger vehicle brand with over 13% market share, Hyundai Motor India Ltd (HMIL) faces stiff competition and sluggish industry growth.</li>
<li>In 2025, HMIL has potential to drive sales and market share gains by capitalising on the high-growth EV and CNG segments with model launches; exports recovery too will be critical.</li>
</ul>



Hyundai Motor India was added to MSCI Global Standard Index. The changes will take effect at the close of February 28, with an effective date of March 3, 2025
Despite being India's second-largest passenger vehicle brand with over 13% market share, Hyundai Motor India Ltd (HMIL) faces stiff competition and sluggish industry growth.
In 2025, HMIL has potential to drive sales and market share gains by capitalising on the high-growth EV and CNG segments with model launches; exports recovery too will be critical.


Hyundai Motor India: MSCI Index Inclusion. Is It Enough to Fast-Track HMIL?

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Escorts Kubota Limited / Equity Bottom-Up

<ul>
<li>In this Insight, we discuss agricultural income trends and challenges focusing on income growth and farming dynamics.</li>
<li>Declining cultivable land and rising input costs are affecting farmer incomes and crop yields.</li>
<li>Tractor OEMs remain optimistic about growth despite challenges, driven by positive macroeconomic factors and increased financing access.</li>
</ul>


In this Insight, we discuss agricultural income trends and challenges focusing on income growth and farming dynamics.
Declining cultivable land and rising input costs are affecting farmer incomes and crop yields.
Tractor OEMs remain optimistic about growth despite challenges, driven by positive macroeconomic factors and increased financing access.


India Rural Incomes | The Tide Has Yet to Turn

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria,CFA

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>Tractor volume continued to be strong in Jan’25. Favorable reservoir level, strong sowing for Rabi season and government support are expected to drive good demand for tractors in medium term.</li>
<li>We summarize the sales volume published by listed players <a href="https://www.smartkarma.com/entities/mahindra-mahindra-ltd" target="_blank" data-smartkarma-citation="entities:16441:1" rel="noopener">Mahindra &amp; Mahindra (MM IN)</a> , and <a href="https://www.smartkarma.com/entities/escorts-kubota-ltd" target="_blank" data-smartkarma-citation="entities:6773:1" rel="noopener">Escorts Kubota Limited (ESCORTS IN)</a> in January 2025.</li>
<li>Positive management commentary augurs well for uptick in tractor OEM stocks and related auto ancillary companies like <a href="https://www.smartkarma.com/entities/gna-axles-ltd" target="_blank" data-smartkarma-citation="entities:28070:1" rel="noopener">GNA Axles Ltd (GNA IN)</a> in medium term.</li>
</ul>


Tractor volume continued to be strong in Jan’25. Favorable reservoir level, strong sowing for Rabi season and government support are expected to drive good demand for tractors in medium term.
We summarize the sales volume published by listed players Mahindra &amp; Mahindra (MM IN) , and Escorts Kubota Limited (ESCORTS IN) in January 2025.
Positive management commentary augurs well for uptick in tractor OEM stocks and related auto ancillary companies like GNA Axles Ltd (GNA IN) in medium term.


Monthly Sales Overview of Indian Listed Tractor Companies (January 2025)

India

Mahindra & Mahindra Ltd. manufactures automobiles, farm equipment and automotive components. The Company's automobile products include light, medium and heavy commercial vehicles, jeep type vehicles and passenger cars. Mahindra & Mahindra also manufactures agricultural tractors, agricultural implements, internal combustion engines, industrial petrol engines, spare parts and machine tools.

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Mahindra & Mahindra (MM IN)

#112 India Insight: Mahindra Expands Sustainably, Ola Electric Struggles, India’s Q3 GDP Grows 6.2%

Mahindra & Mahindra prioritizes operational excellence for sustainable growth, Ola Electric lays off employees amid losses and market challenges,...

Sudarshan Bhandari

The Beat Ideas: Greaves Cotton- Demerging The Cash Cow From Mobility Business

Greaves Cotton is raising funds by separately listing its mobility arm to enhance focus and execution, aiming for a 30,000Cr topline by 2030 with...

Sudarshan Bhandari

Hyundai Motor India: MSCI Index Inclusion. Is It Enough to Fast-Track HMIL?

Index inclusion could attract wider investor interest. HMIL’s 2025 EV and CNG new/facelift model launches target high-growth niches to drive sales...

Devi Subhakesan

India Rural Incomes | The Tide Has Yet to Turn

Agricultural income trends face challenges from declining land and rising costs, but tractor OEMs remain optimistic about growth due to positive...

Pranav Bhavsar

Monthly Sales Overview of Indian Listed Tractor Companies (January 2025)

Tractors - Retail Sales Update: Federation of Automobile Dealers Associations(FADA)’s Jan'25 update shows a strong 5% YoY rise in retail sales. M&M...

Sreemant Dudhoria,CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

#112 India Insight: Mahindra Expands Sustainably, Ola Electric Struggles, India’s Q3 GDP Grows 6.2%

​Mahindra & Mahindra prioritizes operational excellence for sustainable growth, Ola Electric lays off employees amid losses and market challenges,...

Sudarshan Bhandari

The Beat Ideas: Greaves Cotton- Demerging The Cash Cow From Mobility Business

​Greaves Cotton is raising funds by separately listing its mobility arm to enhance focus and execution, aiming for a 30,000Cr topline by 2030 with...

Sudarshan Bhandari

Hyundai Motor India: MSCI Index Inclusion. Is It Enough to Fast-Track HMIL?

Index inclusion could attract wider investor interest. HMIL’s 2025 EV and CNG new/facelift model launches target high-growth niches to drive sales...

Devi Subhakesan

India Rural Incomes | The Tide Has Yet to Turn

​Agricultural income trends face challenges from declining land and rising costs, but tractor OEMs remain optimistic about growth due to positive...

Pranav Bhavsar

Monthly Sales Overview of Indian Listed Tractor Companies (January 2025)

Tractors - Retail Sales Update: Federation of Automobile Dealers Associations(FADA)’s Jan'25 update shows a strong 5% YoY rise in retail sales. M&M...

Sreemant Dudhoria,CFA

Mahindra & Mahindra prioritizes operational excellence for sustainable growth, Ola Electric lays off employees amid losses and market challenges,...

Greaves Cotton is raising funds by separately listing its mobility arm to enhance focus and execution, aiming for a 30,000Cr topline by 2030 with...

Agricultural income trends face challenges from declining land and rising costs, but tractor OEMs remain optimistic about growth due to positive...