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Research Summary

Kajaria 2.0: Tile Giant Restructures, Expands Premium Portfolio

Kajaria Ceramics Limited (KAJARIACER.NS), India’s largest ceramic and vitrified tile manufacturer, has a market capitalization of approximately ₹140 billion. The…

Radico Khaitan: Premium Spirits Growth Analysis

Radico Khaitan Limited stands as one of India's foremost manufacturers of Indian Made Foreign Liquor (IMFL), with a rich legacy…

Devyani: Strong Engine, Margin Recovery Play

1. Our View Devyani International Ltd. (DIL) has a robust store addition engine, which currently adds approximately 250 to 300…

Fine Organic: Green Chemistry Moat, 32% Upside

Executive Summary: Fine Organic Industries Ltd. (FOIL) has a dominant position in the oleochemical-derived additives market, a specialized niche characterized…

Tata Chemicals: Cyclical Headwinds, Long-Term Value Intact

Company Overview and Business Model Tata Chemicals Limited (TCL), a flagship company of the US$110 billion Tata Group, is one…

Gabriel India: Riding the Premiumization & EV Wave

Executive Summary: Gabriel India Limited (Gabriel), the flagship listed entity of the ANAND Group, is currently executing one of the…

Sharda Motor Industries: Positioned for Growth Amid Regulatory Tailwinds

Executive Summary: Sharda Motor Industries Ltd is a leading player in the Indian auto ancillary sector, specializing in the manufacture…

Radico Khaitan: Premiumization Drives Strong Growth Outlook

Executive Summary: Radico Khaitan Ltd. (RDCK) is one of India's leading spirits and alcoholic beverage companies, widely recognized for its…

LG Electronics India IPO: Market-Leading Growth in Consumer Appliances

Executive Summary: LG Electronics India Limited (LGEIL), a subsidiary of LG Electronics Korea, is set to raise INR 11,607 crore…

CarTrade Tech: Leading India’s Auto & Classifieds Growth Story

Executive Summary: CarTrade Tech Ltd (NSE: CARTRADE) stands out as India’s premier multi-platform digital marketplace for the automotive sector and…