In today’s briefing:
- Edelweiss Financial (EDEL IN): Attractive Valuations with Value Unlocking on the Anvil
- Birla Opus: Grasim’s Game-Changing Play in India’s Decorative Paints Market
Edelweiss Financial (EDEL IN): Attractive Valuations with Value Unlocking on the Anvil
- Edelweiss is a financial services platform offering asset management, lending, and insurance. It has restructured its corporate model in recent years, shifting from a diversified conglomerate to operating standalone businesses.
- The proposed IPO of the alternate-assets business and stake sale in MF business creates an event-driven opportunity. Group is out of liquidity issues now with legacy ARC assets resolved.
- Stock corrected 20% in the last month after SEBI returned the IPO application. We note that the reason was just reporting changes and company is on track for 2026 IPO.
Birla Opus: Grasim’s Game-Changing Play in India’s Decorative Paints Market
- Grasim’s Birla Opus has rapidly gained market share in India’s decorative paints sector, crossing the 10% organized market threshold in Q1FY26.
- Capacity is set to ~24% of organised industry, reinforcing a scale-led market share push even as incumbents intensify discounting in economy paints.
- With distribution densification, a service layer (PaintCraft), and premium skew, Birla Opus is building operating leverage; monitor execution through festive season and monsoon volatility.
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