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

Selling the Factory Before It's Built: Reliance's ₹25,000 Crore Green Ammonia Plant

The Great Wall of Cameras: The Policy Tailwind Powering Aditya Infotech/ CP Plus

India Cuts Fuel Excise Duties: OMC Lifeline, Fiscal Casualty

Reliance Industries: India’s GDP in a Single Stock?

Why the World's Largest Oil Producer Needed India's Refiner to Fix Its Own Energy Problem?

ONGC's Highest Ever CapEx & Multi-Billion Dollar Deep-Water Pivot

Iran Attack: Qatar LNG Halt,Global & Indian Implication

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>The Strait of Hormuz blockade, regional refinery shutdowns, and China's export restrictions have combined to drive petroleum prices to above long-term averages in March 2026 to date.</li>
<li>Every USD 1/bbl increase in GRM translates to approximately 2.5% upside in RIL's consolidated EBITDA. If disruptions persist through 1HFY27, expect  ~8.5% EBITDA upside in FY27</li>
<li>RIL's diversified feedstock mix and crude-sourcing flexibility set it apart from peers, but the potential reintroduction of SAED-style export duties could limit gains before they fully materialise.</li>
</ul>


The Strait of Hormuz blockade, regional refinery shutdowns, and China's export restrictions have combined to drive petroleum prices to above long-term averages in March 2026 to date.
Every USD 1/bbl increase in GRM translates to approximately 2.5% upside in RIL's consolidated EBITDA. If disruptions persist through 1HFY27, expect  ~8.5% EBITDA upside in FY27
RIL's diversified feedstock mix and crude-sourcing flexibility set it apart from peers, but the potential reintroduction of SAED-style export duties could limit gains before they fully materialise.


Reliance Industries: Gaining from Geopolitical Disruptions