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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Thematic (Sector/Industry)

<ul>
<li>Adani Cement is actively pursuing acquisitions in South India and the North-East to boost its capacity to 140 MTPA by 2028.</li>
<li>
<a href="https://www.smartkarma.com/entities/vedanta-ltd" target="_blank" data-smartkarma-citation="entities:514:1" rel="noopener">Vedanta Ltd (VEDL IN)</a> has secured 83% creditor approval for its demerger plan, surpassing the 75% required threshold. </li>
<li>The U.S. SEC has requested India's help in investigating Gautam Adani and his nephew over alleged securities fraud and a $265 million bribery scheme.</li>
</ul>


Adani Cement is actively pursuing acquisitions in South India and the North-East to boost its capacity to 140 MTPA by 2028.

Vedanta Ltd (VEDL IN) has secured 83% creditor approval for its demerger plan, surpassing the 75% required threshold. 
The U.S. SEC has requested India's help in investigating Gautam Adani and his nephew over alleged securities fraud and a $265 million bribery scheme.


#106 India Insight: Adani Cement Targets 140 Mtpa by 2028; Vedanta Demerger Gets 83% Nod; SEC Probes

<ul>
<li>
<a href="https://www.smartkarma.com/entities/vedanta-ltd" target="_blank" data-smartkarma-citation="entities:514:1" rel="noopener">Vedanta Ltd (VEDL IN)</a>  Rs 1 trillion aluminium refinery and smelter project will be set up in Odisha’s Raygada district.Company also aims to establish a university in the state.</li>
<li>
<a href="https://www.smartkarma.com/entities/hindustan-zinc-ltd" target="_blank" data-smartkarma-citation="entities:8688:1" rel="noopener">Hindustan Zinc (HZ IN)</a>  has delayed its demerger plans amid government opposition and the ongoing Vedanta split. Company will prioritize new verticals, focusing on metals like gold, copper, critical minerals.</li>
<li>Zepto, the quick-commerce startup, has moved its headquarters from Singapore to India ahead of its IPO. </li>
</ul>



Vedanta Ltd (VEDL IN)  Rs 1 trillion aluminium refinery and smelter project will be set up in Odisha’s Raygada district.Company also aims to establish a university in the state.

Hindustan Zinc (HZ IN)  has delayed its demerger plans amid government opposition and the ongoing Vedanta split. Company will prioritize new verticals, focusing on metals like gold, copper, critical minerals.
Zepto, the quick-commerce startup, has moved its headquarters from Singapore to India ahead of its IPO. 


#94 India Insight: Vedanta’s Rs 1T Refinery, Hindustan Zinc Delays Demerger, Zepto Moves HQ

<ul>
<li>Karnataka's proposed mineral tax will significantly impact iron ore miners and the steel industry, potentially raising production costs and impacting profitability. </li>
<li>Larsen &amp; Toubro's (L&amp;T) recent ₹10,000 crore order for K9 Vajra-T artillery platforms signifies the company's strength in the defense sector. </li>
<li>
<a href="https://www.smartkarma.com/entities/waaree-energies-limited-6098abe5-9b91-4859-8170-b98fda2cf7ab" target="_blank" data-smartkarma-citation="entities:44031:1" rel="noopener">Waaree Energies (0656504D IN)</a> is accelerating India's renewable energy goals with strategic investments in electrolyzer, lithium-ion storage, and inverter solutions. </li>
</ul>


Karnataka's proposed mineral tax will significantly impact iron ore miners and the steel industry, potentially raising production costs and impacting profitability. 
Larsen &amp; Toubro's (L&amp;T) recent ₹10,000 crore order for K9 Vajra-T artillery platforms signifies the company's strength in the defense sector. 

Waaree Energies (0656504D IN) is accelerating India's renewable energy goals with strategic investments in electrolyzer, lithium-ion storage, and inverter solutions. 


#73 India Insight: Iron Ore Taxed, Waaree’s 2000 Cr Investments in EV Batteries, Adani’s Acquisition

<ul>
<li>Japanese Investors Begin Pulling Out from India Midcap Funds, Yet Overall Inflows Stay Positive</li>
<li>Vedanta Prepares Rs 30,000-Crore War Chest for Deleveraging and Growth</li>
<li>Jio Financial Services Gains Approval to Raise Foreign Investment Cap to 49%</li>
</ul>


Japanese Investors Begin Pulling Out from India Midcap Funds, Yet Overall Inflows Stay Positive
Vedanta Prepares Rs 30,000-Crore War Chest for Deleveraging and Growth
Jio Financial Services Gains Approval to Raise Foreign Investment Cap to 49%


# 50 India Insight: Vedanta Deleveraging Strategy, JIO Foreign Investment, Hero Motors Files IPO

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>Supreme Court ruled that States can levy cesses on mining activities, distinguishing it from Union's authority over royalty.</li>
<li>Retrospective tax collection from 2005 could impose 1.5-2 lakh crore on the mining sector, heavily impacting co. like <a href="https://www.smartkarma.com/entities/tata-steel-ltd" target="_blank" data-smartkarma-citation="entities:20934:1" rel="noopener">Tata Steel Ltd (TATA IN)</a> and <a href="https://www.smartkarma.com/entities/coal-india-ltd" target="_blank" data-smartkarma-citation="entities:9117:1" rel="noopener">Coal India Ltd (COAL IN)</a>.</li>
<li>The ruling may exacerbate financial pressures on the mining industry, especially in high-tax states like Odisha and Jharkhand.</li>
</ul>


Supreme Court ruled that States can levy cesses on mining activities, distinguishing it from Union's authority over royalty.
Retrospective tax collection from 2005 could impose 1.5-2 lakh crore on the mining sector, heavily impacting co. like Tata Steel Ltd (TATA IN) and Coal India Ltd (COAL IN).
The ruling may exacerbate financial pressures on the mining industry, especially in high-tax states like Odisha and Jharkhand.


60-Year Mining Tax Battle: Supreme Court’s Final Word

India

Vedanta Limited mines, produces, and exports base metals. The Company mines and distributes metals such as zinc, iron ore, copper, silver, and aluminium, as well as operates power plants. Vedanta markets its products worldwide.

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Vedanta Ltd (VEDL IN)

#106 India Insight: Adani Cement Targets 140 Mtpa by 2028; Vedanta Demerger Gets 83% Nod; SEC Probes

Adani Cement aims to expand capacity, Vedanta Ltd gets creditor approval for demerger, SEC seeks India's help in the Adani investigation.

Sudarshan Bhandari

#94 India Insight: Vedanta’s Rs 1T Refinery, Hindustan Zinc Delays Demerger, Zepto Moves HQ

Vedanta Ltd to set up Rs 1 trillion aluminium project in Odisha, Hindustan Zinc delays demerger amid Vedanta split, Zepto moves HQ to India before...

Sudarshan Bhandari

#73 India Insight: Iron Ore Taxed, Waaree’s 2000 Cr Investments in EV Batteries, Adani’s Acquisition

Karnataka's mineral tax may impact iron ore miners and steel industry, L&T's ₹10,000 crore defense order showcases strength, Waaree Energies...

Sudarshan Bhandari

# 50 India Insight: Vedanta Deleveraging Strategy, JIO Foreign Investment, Hero Motors Files IPO

Japanese investors are pulling out of midcap funds, but inflows are still positive. Vedanta seeks Rs 30,000 crore for growth, and Jio Financial...

Sudarshan Bhandari

60-Year Mining Tax Battle: Supreme Court’s Final Word

Supreme Court ruling allows States to levy cess on mining, potentially imposing hefty retrospective taxes on sector, impacting companies like Tata...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

#106 India Insight: Adani Cement Targets 140 Mtpa by 2028; Vedanta Demerger Gets 83% Nod; SEC Probes

​Adani Cement aims to expand capacity, Vedanta Ltd gets creditor approval for demerger, SEC seeks India's help in the Adani investigation.

Sudarshan Bhandari

#94 India Insight: Vedanta’s Rs 1T Refinery, Hindustan Zinc Delays Demerger, Zepto Moves HQ

​Vedanta Ltd to set up Rs 1 trillion aluminium project in Odisha, Hindustan Zinc delays demerger amid Vedanta split, Zepto moves HQ to India before...

Sudarshan Bhandari

#73 India Insight: Iron Ore Taxed, Waaree’s 2000 Cr Investments in EV Batteries, Adani’s Acquisition

​Karnataka's mineral tax may impact iron ore miners and steel industry, L&T's ₹10,000 crore defense order showcases strength, Waaree Energies...

Sudarshan Bhandari

# 50 India Insight: Vedanta Deleveraging Strategy, JIO Foreign Investment, Hero Motors Files IPO

Japanese investors are pulling out of midcap funds, but inflows are still positive. Vedanta seeks Rs 30,000 crore for growth, and Jio Financial...

Sudarshan Bhandari

60-Year Mining Tax Battle: Supreme Court’s Final Word

​Supreme Court ruling allows States to levy cess on mining, potentially imposing hefty retrospective taxes on sector, impacting companies like Tata...

Nimish Maheshwari

Adani Cement aims to expand capacity, Vedanta Ltd gets creditor approval for demerger, SEC seeks India's help in the Adani investigation.

Vedanta Ltd to set up Rs 1 trillion aluminium project in Odisha, Hindustan Zinc delays demerger amid Vedanta split, Zepto moves HQ to India before...

Karnataka's mineral tax may impact iron ore miners and steel industry, L&T's ₹10,000 crore defense order showcases strength, Waaree Energies...

Supreme Court ruling allows States to levy cess on mining, potentially imposing hefty retrospective taxes on sector, impacting companies like Tata...