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.

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Equity Bottom-Up

Triveni Engineering and Industries / Equity Bottom-Up

Triveni Engineering and Industries (TRE IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/triveni-engineering-industries" target="_blank" data-smartkarma-citation="entities:5821:1" rel="noopener">Triveni Engineering &amp; Industries (TRE IN)'</a>s acquisition of Sir Shadi Lal Enterprise Limited is expected to add to the bottom line as it is located in the same region.</li>
<li>The resumption of the molasses-based Ethanol plant would benefit as the previous year's company closed operations early due to non-availability of cane.</li>
<li>The demerger of the turbine is expected to be the major value-creation proposition.</li>
</ul>



Triveni Engineering &amp; Industries (TRE IN)'s acquisition of Sir Shadi Lal Enterprise Limited is expected to add to the bottom line as it is located in the same region.
The resumption of the molasses-based Ethanol plant would benefit as the previous year's company closed operations early due to non-availability of cane.
The demerger of the turbine is expected to be the major value-creation proposition.


The Beat Ideas: Triveni Engineering & Industries Ltd -Ethanol, Water, Demerger Play

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dhampur-bio-organics-limited" target="_blank" data-smartkarma-citation="entities:43978:1" rel="noopener">Dhampur Bio Organics (DBOL IN)</a>: Integrated sugar manufacturer listed in 2022 post demerger from <a href="https://www.smartkarma.com/entities/dhampur-sugar-mills-ltd" target="_blank" data-smartkarma-citation="entities:10655:1" rel="noopener">Dhampur Sugar Mills (DSM IN)</a> </li>
<li>With change in Ethanol policy from Sep-24, Company will be significantly benefitted with its grain-based ethanol plant and higher sugar production with good monsoon. </li>
<li>Company is reducing its debt significantly to deleverage its balance sheet.</li>
</ul>



Dhampur Bio Organics (DBOL IN): Integrated sugar manufacturer listed in 2022 post demerger from Dhampur Sugar Mills (DSM IN) 
With change in Ethanol policy from Sep-24, Company will be significantly benefitted with its grain-based ethanol plant and higher sugar production with good monsoon. 
Company is reducing its debt significantly to deleverage its balance sheet.


The Beat Ideas: Dhampur Bio Organics Ltd.- Ethanol, Value Added Products & Deleveraging

Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Forensic Analyst

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

Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/triveni-turbine-ltd" target="_blank" data-smartkarma-citation="entities:18786:1" rel="noopener">Triveni Turbine (TRIV IN)</a>  is one of the leading players in manufacturing of steam turbines, which in turn has uses across various energy intensive industries. </li>
<li>The company has recovered well from covid, has a robust order book in conjuction with healthy financial position. Balance sheet is debt-free, high cash and lean WC cycle. </li>
<li>The only possible risk that comes to the balance sheet would be of potential statutory disputes. The contingent liabilities remain under-stated.</li>
</ul>



Triveni Turbine (TRIV IN)  is one of the leading players in manufacturing of steam turbines, which in turn has uses across various energy intensive industries. 
The company has recovered well from covid, has a robust order book in conjuction with healthy financial position. Balance sheet is debt-free, high cash and lean WC cycle. 
The only possible risk that comes to the balance sheet would be of potential statutory disputes. The contingent liabilities remain under-stated.


India

Triveni Engineering and Industries Limited is an Indian conglomerate with diversified businesses in sugar and engineering. The company manufactures sugar, alcohol (including ethanol), and provides power co-generation, power transmission products like industrial gears and gearboxes, and water and wastewater treatment solutions. Headquartered in Noida, India, it was founded in 1932.

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Triveni Engineering and Industries (TRE IN)

The Beat Ideas: Triveni Engineering & Industries Ltd -Ethanol, Water, Demerger Play

Triveni Engineering & Industries' acquisition of Sir Shaadilal is expected to boost profits, along with the resumption of the Ethanol plant and...

Sudarshan Bhandari

The Beat Ideas: Dhampur Bio Organics Ltd.- Ethanol, Value Added Products & Deleveraging

Dhampur Bio Organics, a sugar manufacturer, set to benefit from new ethanol policy and debt reduction and huge capex in FY24.

Sudarshan Bhandari

Triveni Turbine Ltd- Forensic Analysis

Triveni Turbine is a leading manufacturer of steam turbines with a healthy financial position, and a debt-free balance sheet. The only potential...

Nitin Mangal

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The Beat Ideas: Triveni Engineering & Industries Ltd -Ethanol, Water, Demerger Play

​Triveni Engineering & Industries' acquisition of Sir Shaadilal is expected to boost profits, along with the resumption of the Ethanol plant and...

Sudarshan Bhandari

The Beat Ideas: Dhampur Bio Organics Ltd.- Ethanol, Value Added Products & Deleveraging

​Dhampur Bio Organics, a sugar manufacturer, set to benefit from new ethanol policy and debt reduction and huge capex in FY24.

Sudarshan Bhandari

Triveni Turbine Ltd- Forensic Analysis

​Triveni Turbine is a leading manufacturer of steam turbines with a healthy financial position, and a debt-free balance sheet. The only potential...

Nitin Mangal

Triveni Engineering & Industries' acquisition of Sir Shaadilal is expected to boost profits, along with the resumption of the Ethanol plant and...

Dhampur Bio Organics, a sugar manufacturer, set to benefit from new ethanol policy and debt reduction and huge capex in FY24.

Triveni Turbine is a leading manufacturer of steam turbines with a healthy financial position, and a debt-free balance sheet. The only potential...