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

Adani Energy Solutions Ltd. Q4 FY25 Update: Robust Growth Driven by T&D Expansion

Thematic Report: Smart Meters- Mega Trend

The Beat Ideas: Salzer Electronics: Smart Meter Play, A Proxy to India’s Electrification Story

Semiconductors - Thematic Investing and Megatrends

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>Salzer reported strong top-line growth in Q4 and FY25, secured significant smart meter and smart lighting orders, but faced margin pressure and wrote off investments in unviable EV ventures.</li>
<li>
Strong revenue growth was driven by core businesses, but higher smart meter expenses impacted profitability, while new orders and EV investment signal future strategic direction.</li>
<li>Management is actively navigating challenges, focusing on high-growth areas like smart meters and EV charging, reinforcing a positive medium-term growth outlook despite near-term margin volatility.</li>
</ul>


Salzer reported strong top-line growth in Q4 and FY25, secured significant smart meter and smart lighting orders, but faced margin pressure and wrote off investments in unviable EV ventures.

Strong revenue growth was driven by core businesses, but higher smart meter expenses impacted profitability, while new orders and EV investment signal future strategic direction.
Management is actively navigating challenges, focusing on high-growth areas like smart meters and EV charging, reinforcing a positive medium-term growth outlook despite near-term margin volatility.


Salzer Electronics Limited Q4 FY25 Update: Strategic Shifts, Capacity Expansion on Track