Independent Research Analyst

Mamta Verma

DC India Research

DC India Research LLP (DCIR) is based out of Mumbai, India.

We specialize in providing customized, independent research across listed and unlisted companies in India across equities and credit including sectoral research. Our customers include India focussed PE funds, special situation funds, domestic AMCs, Wealth Advisory& PMS firms, Rating Agencies & Investment Advisors. 

The DCIR board consists of prominent names from the industry as well as CIO’s of Hedge funds.

Equity Bottom-Up

Amara Raja Energy & Mobility / Equity Bottom-Up

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<strong>Background - </strong>Amara Raja (FY17 Topline Rs. 53bn &amp; Mkt. Cap $2.3bn) is the second largest player after Exide (FY17 Topline Rs. 76bn &amp; Mkt. Cap $3.0bn) in the Indian organized battery market. It commenced operations in 1991, to manufacture batteries for industrial segments - telecom, UPS backup, railways and power utility sectors. Subsequently, in early 2000 the company forayed into manufacturing of automotive batteries with technological tie-up with the global battery major Johnson Controls Inc…</li></ul>


Background - Amara Raja (FY17 Topline Rs. 53bn &amp; Mkt. Cap $2.3bn) is the second largest player after Exide (FY17 Topline Rs. 76bn &amp; Mkt. Cap $3.0bn) in the Indian organized battery market. It commenced operations in 1991, to manufacture batteries for industrial segments - telecom, UPS backup, railways and power utility sectors. Subsequently, in early 2000 the company forayed into manufacturing of automotive batteries with technological tie-up with the global battery major Johnson Controls Inc…

Amara Raja: Impg Profitability, Formidable Position in Storage Batteries, Healthy BS Risk Reward Fav