Company and sector work from our own desk. Every note names what it was built from, and separates what is reported from what we think it means.
How to read these notes. Sections marked Reported restate figures from filings and annual reports. Sections marked Our view are opinion, and we say where a reasonable reader could conclude something different. Nothing here is investment advice or a recommendation to transact.
6 published
The Sanand line crossed break-even utilisation in FY2026 and the company reported its first positive PAT. We look at what has to stay true for that to repeat.
Eleven of the companies we track have filed a draft prospectus in the last eighteen months. We set out where each one stands, what is still outstanding, and why a filing is not a timetable.
Exchange revenue scales with turnover at almost no incremental cost. We walk through what that means for the margin profile and where the fee-cap risk actually sits.
The rules that decide when you can sell after a listing, written out plainly, with the cases where the period is longer than people expect.
Volumes flat, prices down, margins halved. We separate what is cyclical from what is structural in the coverage set.
There is no order book behind an unlisted price. Here is what the number on a company page represents, and what it does not.