Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

I possess investment research experience across asset classes and geographies, acquired at Investcorp (New York) and Howe & Rusling (Rochester). At Investcorp, an alternative asset manager, I was part of an investment team managing >$1bn in discretionary client assets. I was also a member of investment recommendation, monitoring, cross-asset strategy and macro outlook committees that met periodically for investment decisions and top-down views. At Howe & Rusling, a long-only asset manager, I helped cover US large-cap equity investments across sectors for growth and income focused portfolios as well as assisted in managing a US small-cap growth focused equity portfolio. I possess an MBA in finance and corporate accounting from University of Rochester in US, a CFA Charter, and an Engineering degree from Indian Institute of Technology Bombay in India.  

My current focus is L/S equity fundamental research across market cap and sectors with an eye on corporate governance and forensic accounting. I am currently based in India and my current coverage universe is biased towards India.

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Regulatory Disclosure: Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details -
Address: 5184, Dolatganj Bajar, Ankit Hospital, Dahod (Gujarat) - 389151 |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289

Compliance/Grievance Officer -
Name: Ankit Agrawal |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289
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Equity L/S Analyst | Forensic Accounting | India

Primer: Rajshree Polypack (RAJPPL IN) - Aug 2026

Rajshree Polypack (RPPL): All Set for a Strong FY27

RPPL: Decent Performance Despite Macro Challenges

Creating Wealth through Alpha and Compounding

Yellowstone Equity

Providing unbiased and independent research on Indian equities to global institutions and individual investors


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Regulatory Disclosure: 
Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details:
Address: A-412, Shilp Aaron, Sindhu Bhavan Road, Ahmedabad, Gujarat - 380059
Email: services@yellowstoneequity.com
Mobile: +91-7575817289

Compliance/Grievance Officer:
Name: Ankit Agrawal
Email: services@yellowstoneequity.com
Mobile: +91-7575817289
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Equity Bottom-Up

<ul>
<li>RPPL reported its highest ever quarterly revenue in Q1FY27 at INR 103cr, a growth of 25% YoY. PAT increased 77% YoY to INR 7cr+.</li>
<li>RPPL added another 1000 MT capacity in injection molding during Q1FY27 to reach 5800 MT, after 1500 MT addition during FY26. About 60% of injection molding revenues come from exports.</li>
<li>Strong earnings in Q1 was led by domestic demand while exports declined due to macroeconomic headwinds. EBITDA margin improved to 16.05% vs 14.64% YoY.</li>
</ul>


RPPL reported its highest ever quarterly revenue in Q1FY27 at INR 103cr, a growth of 25% YoY. PAT increased 77% YoY to INR 7cr+.
RPPL added another 1000 MT capacity in injection molding during Q1FY27 to reach 5800 MT, after 1500 MT addition during FY26. About 60% of injection molding revenues come from exports.
Strong earnings in Q1 was led by domestic demand while exports declined due to macroeconomic headwinds. EBITDA margin improved to 16.05% vs 14.64% YoY.


Rajshree Polypack

RPPL: FY27 on Track to Be a Strong Year