India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India-focused Independent Equity Research Analyst

Experienced (7 years +) in Sector-Specific Deep Dives and Comprehensive Company Research.

With a sharp focus on the Indian market, I specialize in providing in-depth analysis and insights to investors. Whether it's dissecting various sectors to identify emerging trends or conducting thorough fundamental research on individual companies, I'm dedicated to uncovering valuable opportunities and delivering actionable intelligence.

Passionate about navigating the nuances of the Indian equity landscape, I thrive on deciphering complex market dynamics and distilling them into clear, concise insights. 

While covering a sector or company-specific research, I cover the following :
1. Brief about company/sector
2.  Overall Industry landscape - History, Present and Future trends
3. Thesis and Anti-Thesis
4. Valuations
5. Financial & Forensic Analysis
6. Management Review
7. Key Monitorable Events
8. Guidance and Future Way Ahead

India Equity Analyst - Fundamental & Thematic

Deep Industries: An Oil & Gas Powerhouse Proxy of India

Deep Industries Limited: Q3 & 9M FY25 - Stellar Performance Driven by Strategic Growth Initiatives

The Beat Ideas: Deep Industries- A Hidden Oil & Gas Proxy

The Beat Ideas: Blue Jet Healthcare- Rising CDMO Player

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

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/deep-industries-ltd" target="_blank" data-smartkarma-citation="entities:14923:1" rel="noopener">Deep Industries (DEEPI IN)</a> reported 39.7% YoY revenue growth in Q4 FY25; EBITDA margins stood resilient at 36.1% despite a INR 251 crore exceptional loss due to asset clean-up.</li>
<li>New offshore contracts (INR 281 crore barge deal), and <a href="https://www.smartkarma.com/entities/oil-natural-gas-corp-ltd" target="_blank" data-smartkarma-citation="entities:3456:1" rel="noopener">Oil &amp; Natural Gas Corp (ONGC IN)</a> PEC, and a growing INR 2,960 crore order book reinforce the company’s  revenue visibility.</li>
<li>Despite one-off noise in Q4, Deep’s core operations are intact. FY26 guidance of 25–30% revenue growth looks achievable, backed by execution tailwinds.</li>
</ul>



Deep Industries (DEEPI IN) reported 39.7% YoY revenue growth in Q4 FY25; EBITDA margins stood resilient at 36.1% despite a INR 251 crore exceptional loss due to asset clean-up.
New offshore contracts (INR 281 crore barge deal), and Oil &amp; Natural Gas Corp (ONGC IN) PEC, and a growing INR 2,960 crore order book reinforce the company’s  revenue visibility.
Despite one-off noise in Q4, Deep’s core operations are intact. FY26 guidance of 25–30% revenue growth looks achievable, backed by execution tailwinds.


Deep Industries Q4 FY25 Update: Strong Topline Growth Amid One-Time Clean-Up