India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

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.

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Equity Bottom-Up

Time Technoplast Limited manufactures and sells technology based polymer products for a wide variety of industries.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/time-technoplast-ltd" target="_blank" data-smartkarma-citation="entities:16043:1" rel="noopener">Time Technoplast (TIME IN)</a> holds a dominant position in the industrial packaging sector, with leadership in composite cylinders, IBCs, plastic drums, benefiting from a strong global presence&amp; high entry barriers.</li>
<li>TTL is increasingly focusing on higher-margin segments like CNG cylinders, hydrogen storage, and composite products. These initiatives offer significant scalability and margin expansion, setting up strong long-term revenue growth.</li>
<li>With strategic R&amp;D investments, TTL is entering emerging sectors like e-mobility (e-rickshaw batteries) and hydrogen fuel cylinders, tapping into new high-growth markets that could diversify revenue and fuel sustainable growth.</li>
</ul>



Time Technoplast (TIME IN) holds a dominant position in the industrial packaging sector, with leadership in composite cylinders, IBCs, plastic drums, benefiting from a strong global presence&amp; high entry barriers.
TTL is increasingly focusing on higher-margin segments like CNG cylinders, hydrogen storage, and composite products. These initiatives offer significant scalability and margin expansion, setting up strong long-term revenue growth.
With strategic R&amp;D investments, TTL is entering emerging sectors like e-mobility (e-rickshaw batteries) and hydrogen fuel cylinders, tapping into new high-growth markets that could diversify revenue and fuel sustainable growth.


The Beat Ideas- Time Technoplast: Driving Growth Through Innovation & Value-Added Products

Vinati Organics Limited produces organic intermediates and monomers.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/vinati-organics-ltd" target="_blank" data-smartkarma-citation="entities:4621:1" rel="noopener">Vinati Organics (VO IN)</a> dominates the global market with a 65% share in ATBS and IBB, offering strong profitability driven by high-demand sectors like water treatment and pharmaceuticals.</li>
<li>With a INR570 crore capex investment, Vinati is expanding its ATBS capacity by 50%, diversifying into high-growth segments such as MEHQ, Guaiacol, and Antioxidants, positioning itself for long-term revenue growth.</li>
<li>Vinati is strategically increasing its domestic revenue share (45% of FY24 sales), while strengthening its export presence, capitalizing on India’s “Make in India” initiative and reducing currency volatility risks.</li>
</ul>



Vinati Organics (VO IN) dominates the global market with a 65% share in ATBS and IBB, offering strong profitability driven by high-demand sectors like water treatment and pharmaceuticals.
With a INR570 crore capex investment, Vinati is expanding its ATBS capacity by 50%, diversifying into high-growth segments such as MEHQ, Guaiacol, and Antioxidants, positioning itself for long-term revenue growth.
Vinati is strategically increasing its domestic revenue share (45% of FY24 sales), while strengthening its export presence, capitalizing on India’s “Make in India” initiative and reducing currency volatility risks.


The Beat Ideas: Vinati Organics- A Niche Giant in Specialty Chemicals

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Frasers Group PLC retails sports apparel products. The Company offers a wide range of shirts, pants, jackets, caps, and coats, as well as various types of accessories.

<ul><li>Morgan Stanley purchases 50% stake in $380M Frasers Australian warehouse portfolio, expanding its real estate holdings.</li><li>CapitaLand seeks $380M China Mall REIT listing in Shanghai, showing confidence in China's retail market.</li><li>China experiences moderate home price growth in March, with some cities showing signs of recovery after recent slowdowns.</li></ul>

Morgan Stanley purchases 50% stake in $380M Frasers Australian warehouse portfolio, expanding its real estate holdings.CapitaLand seeks $380M China Mall REIT listing in Shanghai, showing confidence in China's retail market.China experiences moderate home price growth in March, with some cities showing signs of recovery after recent slowdowns.

Asia Real Estate Tracker (18-Apr-2025): Morgan Stanley buys 50% of Frasers Aussie Shed Portfolio.

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Quess Corp Limited operates as an integrated business services provider. The Company offers IT staffing, industrial asset and facility management, skill development, and general recruitment services. Quess serves customers worldwide.

<ul><li>Quess Corp Ltd (Quess) has undergone a demerger into three distinct entities: (1) Quess – Workforce Management; (2) Digitide (GTS - BPO and Payroll Processing); and (3) Bluspring (Facility Management, Security, and Job Portal foundit)</li><li>The record date for this demerger was 15th April 2025</li><li>The NCLT approval was granted on 4th March, and eligible shareholders will receive one share each of Digitide and Bluspring in May 2025 for every share held in Quess</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Quess Corp Ltd (Quess) has undergone a demerger into three distinct entities: (1) Quess – Workforce Management; (2) Digitide (GTS - BPO and Payroll Processing); and (3) Bluspring (Facility Management, Security, and Job Portal foundit)The record date for this demerger was 15th April 2025The NCLT approval was granted on 4th March, and eligible shareholders will receive one share each of Digitide and Bluspring in May 2025 for every share held in QuessContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Quess Corp: Demerger: unlocking potential. BUY

Wipro Limited specializes in IT and computer related technologies. The Group's services encompass a number of areas, including software architecture, business intelligence systems, e-commerce, data warehousing, Internet access devices, network management, system administration, messaging systems, IT consulting and design. Wipro also has a presence in niche markets of consumer products.

<ul><li>Wipro (WPRO) posted a revenue decline of 0.8% QoQ CC, which was towards the lower end of the guidance, while the IT services margin at 17.5% was better vs expectations</li><li>The revenue guidance for Q1FY26E was disappointing at -3.5 to -1.5% QoQ CC</li><li>Despite a strong increase in order booking and large deal wins, Wipro highlighted that clients have become more cautious due to global economic uncertainty and recent tariff announcements</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Wipro (WPRO) posted a revenue decline of 0.8% QoQ CC, which was towards the lower end of the guidance, while the IT services margin at 17.5% was better vs expectationsThe revenue guidance for Q1FY26E was disappointing at -3.5 to -1.5% QoQ CCDespite a strong increase in order booking and large deal wins, Wipro highlighted that clients have become more cautious due to global economic uncertainty and recent tariff announcementsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Wipro - Weak Guidance Amidst Economic Uncertainty

Equity Bottom-Up
Equity Bottom-Up Insights

The Beat Ideas- Time Technoplast: Driving Growth Through Innovation & Value-Added Products

Time Technoplast is a dominant player in industrial packaging, focusing on higher-margin segments like CNG cylinders and hydrogen storage for...

Sudarshan Bhandari

The Beat Ideas: Vinati Organics- A Niche Giant in Specialty Chemicals

Vinati Organics dominates global market with 65% share in ATBS and IBB, expanding capacity and diversifying to drive long-term revenue growth.

Sudarshan Bhandari

Asia Real Estate Tracker (18-Apr-2025): Morgan Stanley buys 50% of Frasers Aussie Shed Portfolio.

Morgan Stanley acquires half of Frasers' Australian portfolio, CapitaLand applies for China Mall REIT listing, and China's home prices stabilize in...

Asia Real Estate Tracker

Quess Corp: Demerger: unlocking potential. BUY

Quess Corp Ltd (Quess) has undergone a demerger into three distinct entities: (1) Quess – Workforce Management; (2) Digitide (GTS - BPO and Payroll...

HDFC Securities

Wipro - Weak Guidance Amidst Economic Uncertainty

Wipro (WPRO) posted a revenue decline of 0.8% QoQ CC, which was towards the lower end of the guidance, while the IT services margin at 17.5% was...

HDFC Securities

The Beat Ideas- Time Technoplast: Driving Growth Through Innovation & Value-Added Products

​Time Technoplast is a dominant player in industrial packaging, focusing on higher-margin segments like CNG cylinders and hydrogen storage for...

Sudarshan Bhandari

The Beat Ideas: Vinati Organics- A Niche Giant in Specialty Chemicals

​Vinati Organics dominates global market with 65% share in ATBS and IBB, expanding capacity and diversifying to drive long-term revenue growth.

Sudarshan Bhandari

Asia Real Estate Tracker (18-Apr-2025): Morgan Stanley buys 50% of Frasers Aussie Shed Portfolio.

Morgan Stanley acquires half of Frasers' Australian portfolio, CapitaLand applies for China Mall REIT listing, and China's home prices stabilize in...

Asia Real Estate Tracker

Quess Corp: Demerger: unlocking potential. BUY

Quess Corp Ltd (Quess) has undergone a demerger into three distinct entities: (1) Quess – Workforce Management; (2) Digitide (GTS - BPO and Payroll...

HDFC Securities

Wipro - Weak Guidance Amidst Economic Uncertainty

Wipro (WPRO) posted a revenue decline of 0.8% QoQ CC, which was towards the lower end of the guidance, while the IT services margin at 17.5% was...

HDFC Securities

Time Technoplast is a dominant player in industrial packaging, focusing on higher-margin segments like CNG cylinders and hydrogen storage for...

Vinati Organics dominates global market with 65% share in ATBS and IBB, expanding capacity and diversifying to drive long-term revenue growth.