Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Nimish Maheshwari, an independent analyst and co-founder of Beat The Street, is an investing platform garnering more than 1,00,000+ followers across social media. 
His deep insights and forensic analysis have been featured in some of India's most prominent publications, including the Economic Times, The Morning Context, The Ken,  Dalal Street Investment Journal, Moneylife by Sucheta Dalal, and TheCore.in.
He has a keen eye for identifying red flags in Indian listed companies and has identified exclusive red flags earlier in Adani, Vedanta, Nykaa, Gland Pharma, Brightcom Group etc.

Market & Forensics Analyst

Heritage Foods Ltd: FY26 Was a Margin Reset, Not a Demand Problem

Concord Biotech: A Fermentation Leader's Setting Up for a Cleaner FY27

Gufic Biosciences: Indore Plant Ramp-Up Sets the Stage for FY27 Recovery

Viyash Scientific: Animal Health + Life Science, Targeting 1000Cr EBITDA

Shadowfax: India's Quick Commerce Infrastructure Play

Asian Energy-Oilmax Merger: From Service Provider to Integrated Energy Player?

Deepak Fertilisers: A Play on India’s Mining and Infrastructure Cycle

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

Event-Driven

<ul>
<li>AESL is moving ahead with the merger by absorption of Oilmax Energy. The transaction brings Oilmax’s producing and development-stage upstream assets into the listed entity.</li>
<li>AESL’s services business is orderbook-led and typically works in high-single to mid-teen EBITDA margins. Oilmax’s FY25 EBITDA margin was 56%, changing the blended economics.</li>
<li>The investment case moves from “energy services contractor” to <strong>“integrated field operator with asset ownership”</strong>. If production ramps as guided, blended EBITDA margins can structurally move into the 20%+ band.</li>
</ul>


AESL is moving ahead with the merger by absorption of Oilmax Energy. The transaction brings Oilmax’s producing and development-stage upstream assets into the listed entity.
AESL’s services business is orderbook-led and typically works in high-single to mid-teen EBITDA margins. Oilmax’s FY25 EBITDA margin was 56%, changing the blended economics.
The investment case moves from “energy services contractor” to “integrated field operator with asset ownership”. If production ramps as guided, blended EBITDA margins can structurally move into the 20%+ band.


Asian Energy Services: Oilmax Merger Could Reset Margin Profile from Services-Led to Upstream-Led