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[@ravindraCurious](/creator/twitter/ravindraCurious)
"📦 Order Book Power XXXXX GW confirmed (as of Sep 2025) Pipeline XX GW (domestic + exports) 🧾 Key clients: Adani Green Tata Power L&T Renew Power JSW Energy. Recent wins: XXX Cr order (200 MW) from AB Energia XXX MW order from L&T Construction Multi-year visibility"  
[X Link](https://x.com/ravindraCurious/status/1979295550118990009) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T21:16Z XXX followers, XXX engagements


"💼 Order Book Momentum Tegas order book rose sharply to 1258 Cr (Feb25) before moderating to 1005 Cr (Jun25). XXX Cr executable in FY26. Strong visibility from Chile NMDC Donimalai and Latin American clients showing steady demand in wear parts and liners"  
[X Link](https://x.com/ravindraCurious/status/1979778815070232794) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"Excellent Result #Emerald finance"  
[X Link](https://x.com/ravindraCurious/status/1979629621638561834) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T19:24Z XXX followers, XX engagements


"📉 Promoter Activity Promoters sold XXXX lakh shares (4.45%) in Sept 2025 This comes after a XX lakh share sale (240 Cr) in Jun 2024. Promoter holding now around XXXX% ( from 59%) 💬 Wealth diversification but two large exits in XX months hint the upcycle may be maturing"  
[X Link](https://x.com/ravindraCurious/status/1979845332919062982) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"📊 3-Year Growth Snapshot: FY22: XXX Cr rev / XX Cr PAT FY23: XXX Cr / XX Cr PAT FY24: XXX Cr / XX Cr PAT FY25: 1430 Cr / XXX Cr PAT TTM: 1568 Cr / XXX Cr PAT Thats 4x revenue and 10x profit growth in X years 🤯"  
[X Link](https://x.com/ravindraCurious/status/1978093518716391554) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-14T13:40Z XXX followers, XX engagements


"🚀 Growth Outlook FY2628 Management raised FY26 guidance Revenue growth: 4045% YoY EBITDA margin: 1011% FY26 1516% FY28 Zoyer (spend mgmt) to contribute 4050% by FY27 Operating leverage is kicking in scalable platform + sticky clients = strong recurring base"  
[X Link](https://x.com/ravindraCurious/status/1979199010763149318) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XX engagements


"🤝 Major Client Wins & Contracts (2025) Sep25 AU Small Finance Bank co-branded prepaid card Aug25 Standard Chartered 5-yr referral deal Sep25 Pernod Ricard 3-yr loyalty platform Oct25 SMC Global expense automation rollout"  
[X Link](https://x.com/ravindraCurious/status/1979199016245301264) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XXX engagements


"⚙ Tega Industries Ltd a quiet compounder turning global 🌍 A leader in mining consumables like mill liners hydrocyclones & trommels Tega has gone from a mid-cap Indian exporter to a global growth story after its Molycop acquisition. Lets break down the full picture 👇"  
[X Link](https://x.com/ravindraCurious/status/1979778791405986235) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"🏗 Capex (FY25FY27) Chile Greenfield: USD XX mn revenue potential USD 7080 mn/yr by FY30 Dahej : XX Cr expansion (15-month timeline) McNally Sayaji : 2025 Cr revamp Maintenance capex: XX Cr annually Strong visibility fully funded by internal accruals & equity"  
[X Link](https://x.com/ravindraCurious/status/1979778827774759323) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"🔋 Management Guidance & Outlook 1518% annual growth guidance Strong traction from Chile Africa and India Long-term EBITDA margin goal: 2223% Focus: integrate Molycop optimize cash flows maintain near-zero leverage"  
[X Link](https://x.com/ravindraCurious/status/1979778875564703852) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"💼 Balance Sheet Snapshot Debt-free (D/E: 0.02x) Interest coverage: 15x Positive cash flow X straight years Dividend payout: XX% Financial discipline 💪 rare among mid-cap manufacturers expanding aggressively"  
[X Link](https://x.com/ravindraCurious/status/1979845407548342315) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"🤝 Elite Clientele : The company's biggest strength is its relationships Its primary client is Maruti Suzuki for which it caters to a significant XX% of their requirements. Other key clients include Bharat Seats Toyo Seat and Bellsonica. Recently added KIA as a new OEM"  
[X Link](https://x.com/ravindraCurious/status/1979924014450524212) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, XX engagements


"🎯 The Growth Compass: Ambitious FY30 Vision Management has a clear long-term plan: Revenue Target: Achieve INR 3000 Cr by FY30 implying a steep XX% CAGR from FY25. Return Target: Maintain a ROCE of 25%+. Capacity: Plans to double its capacities over the next five years"  
[X Link](https://x.com/ravindraCurious/status/1979924049603244401) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"📜 The Bedrock of Visibility: A Strong Order Book Current Order Book: INR 400-450 Cr with an additional INR XXX Cr from the Toyota Tsusho JV. This order book provides clear revenue visibility for the next X years and is 1.4x its TTM revenue"  
[X Link](https://x.com/ravindraCurious/status/1979924055160447311) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"🏭 Capacity Expansion & Capex: To support its ambitious targetsNDR is investing in capacity. Land Bank: Acquired XXXX acres of land in AURIC Maharashtra for INR XX Cr for future expansion"  
[X Link](https://x.com/ravindraCurious/status/1979924070369264019) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, XX engagements


"Strategic Locations: Also acquired land near the new Maruti plant in Kharkhoda and is exploring land near Kia's plant in Anantapur. Current Utilization: Healthy at 80-85% providing headroom for near-term growth"  
[X Link](https://x.com/ravindraCurious/status/1979924076144574728) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"⚠ The Risk Factors: A Necessary Reality Check The ambitious growth path is not without its challenges and red flags. Rising Receivables: Trade receivables have increased from INR XX Cr in Mar'22 to INR XX Cr in Mar'25 indicating potential working capital pressure"  
[X Link](https://x.com/ravindraCurious/status/1979924080997302342) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, XX engagements


"💎 The Final Synthesis: NDR Auto presents aclear well-defined growth story backed by a strong order book and strategic initiatives to diversify its products and client base. Its deep-rooted relationship with Maruti is a solid foundation"  
[X Link](https://x.com/ravindraCurious/status/1979924115277369515) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, XX engagements


"💰 Capital structure & fundraise: May24: Issued 22.2L equity shares at XXX raising XXXX Cr. Subscribers included Sundaram Alt Opportunities Fund & Capri Global Holdings. Promoter holding: XXXX% (after dilution from XXXX% in FY23)"  
[X Link](https://x.com/ravindraCurious/status/1974525290987847828) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-04T17:21Z XXX followers, XX engagements


"🌍 Exports: Currently to XX countries (Asia & Africa major contributors). Mgmt eyeing US & Australia as next growth markets. Solar DC Cables BIS certification (Mar25) opens new renewable sector opportunities"  
[X Link](https://x.com/ravindraCurious/status/1974525295328891213) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-04T17:21Z XXX followers, XX engagements


"Tweet X 💰 Profitability & Balance Sheet Health: FY25 Net Profit: XXX Cr (vs XXX Cr FY24). Debt levels remain minimal; expansions funded via internal accruals. Working capital cycle slightly stretched due to transformer project nature but offset by healthy cash flows"  
[X Link](https://x.com/ravindraCurious/status/1975651862662742181) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-07T19:58Z XXX followers, XX engagements


"7 🏦 Institutional Shareholding (as of Dec24): LIC (Asm Non-Par): XXX% LIC MF Multi Cap Fund: X% General Insurance Corp: XXX% Mahindra Manulife Small Cap : X% HSBC Multi Cap : XXXX% Quant Infra Fund: XXX% WhiteOak Flexi Cap: XXX% Institutional interest adds stability"  
[X Link](https://x.com/ravindraCurious/status/1975651867670815029) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-07T19:58Z XXX followers, XX engagements


"A company to watch closely in Indias power equipment renaissance ⚡ Disclaimer: Not a Buy Sell recommendation Do your due diligence before investing your hard earned money. $BSE:531201 #ShilcharTechnologies #Transformers #PowerSector #SmallcapStocks #IndiaInvesting"  
[X Link](https://x.com/ravindraCurious/status/1976323753568256508) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-09T16:27Z XXX followers, XX engagements


"6 📈 FY2630 Growth Outlook FY2627 growth: 4050% 🔥 FY2830: 7080% CAGR target 🚀 FY25 revenue 1031 Cr target 9000 Cr by FY30 Margins to rise from XX% 1920%"  
[X Link](https://x.com/ravindraCurious/status/1977357779678454186) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-12T12:56Z XXX followers, XX engagements


"7 💹 Key Ratios (FY25) PE: 80x TTM ROE: XX% ROCE: XX% Debt/Equity: 0.4x (post QIP) OPM: XX% NPM: X% Leverage falling margin expanding a sign of disciplined capital structure"  
[X Link](https://x.com/ravindraCurious/status/1977357796803830188) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-12T12:56Z XXX followers, XX engagements


"1/12 💎 P N Gadgil Jewellers Ltd A Legacy Brand Reinvented for Modern India From 1832 roots in Pune to 56+ showrooms across India this 190-year-old brand is turning into a national retail powerhouse. Lets decode its numbers margins & expansion story 🧵👇"  
[X Link](https://x.com/ravindraCurious/status/1977585365944078557) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-13T04:01Z XXX followers, XX engagements


"💰 Financial Ratios Snapshot: P/E: 30x ROE: XX% ROCE: 78%+ OPM: 2729% NPM: 1821% Solid fundamentals for a newly listed midcap profitability is high debt is low and reinvestment runway is long"  
[X Link](https://x.com/ravindraCurious/status/1978093530070270055) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-14T13:40Z XXX followers, XX engagements


"@InvesysCapital Small cap and Micro cap ka kya lagta hai uska bhi chart dekhiye"  
[X Link](https://x.com/ravindraCurious/status/1978724153151692974) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T07:26Z XXX followers, XXX engagements


"🚛 SML ISUZU LTDa forgotten mid-cap CV manufacturer now back in focus after Mahindra & Mahindras takeover. From making school buses & ambulances to turning profitable again SMLs 40-year story is entering a new era. Heres the full breakdown of numbers deals & trends 👇"  
[X Link](https://x.com/ravindraCurious/status/1978781936693731385) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T11:15Z XXX followers, XXX engagements


"📈 3-Year Growth Snapshot Revenue CAGR: XX% Profit CAGR: XX% ROE: XX% ROCE: XX% Debt: Negligible Operating leverage now kicking in higher volume + better fixed-cost absorption = rising margins. The business is back in the black after X tough years"  
[X Link](https://x.com/ravindraCurious/status/1978781984559116683) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T11:16Z XXX followers, XX engagements


"💥 Mahindra Takeover The Game Changer In April 2025 M&M acquired: XXXXX% from Sumitomo Corp XX% from Isuzu Motors at 650/share each. Then launched an open offer for XX% at 1555/share valuing SML above 5000 Cr. Post-deal M&M becomes the controlling promoter"  
[X Link](https://x.com/ravindraCurious/status/1978781990829588815) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T11:16Z XXX followers, XXX engagements


"💬 Bottom Line (No Recommendation) SML Isuzu is no longer a quiet CV player its now Mahindras next growth platform for light trucks & buses. 3-year turnaround ✔ Mahindra synergy ✔ Operating leverage ✔"  
[X Link](https://x.com/ravindraCurious/status/1978782041677152483) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T11:16Z XXX followers, XXX engagements


"If managed well SML could evolve into a key piece of Indias commercial mobility puzzle. Disclaimer: Not a buy sell recommendation Do your due diligence before investing your hard earned money. #SMLIsuzu #Mahindra #AutoStocks #Trucks #Investing #IndiaGrowth"  
[X Link](https://x.com/ravindraCurious/status/1978782047435944310) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T11:16Z XXX followers, XX engagements


"🏢 Business Overview: Lumax Auto is a leadingTier-1 automotive component manufacturer designing and supplying parts for 2-wheelers 3-wheelers and 4-wheelers"  
[X Link](https://x.com/ravindraCurious/status/1978895788941152657) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T18:48Z XXX followers, XX engagements


"Its portfolio spans Advanced Plastics Mechatronics Structures & Control Systems and now Alternate Fuels via the Greenfuel acquisition. Elite Client Base:Maruti Suzuki M&M Tata Motors Honda Bajaj"  
[X Link](https://x.com/ravindraCurious/status/1978895794041135427) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T18:48Z XXX followers, XX engagements


"💹 Stellar Financial Growth Trajectory: Revenue (FY23-FY25): Surged from INR 1847 Cr to INR 3637 Cr a near XXX% increase in just two years. Net Profit: Grew robustly from INR XXX Cr to INR XXX Cr in the same period more than doubling"  
[X Link](https://x.com/ravindraCurious/status/1978895807597220233) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T18:48Z XXX followers, XX engagements


"💡 Red Flags The ambitious INR 11000 Cr target relies on acquisitions; integrating new businesses carries execution risk. Corporate Action: The merger of Lumax Ancillary Ltd is underway to enhance synergies"  
[X Link](https://x.com/ravindraCurious/status/1978895864882975004) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-16T18:48Z XXX followers, XX engagements


"Latest Bulk deals PPFAS buys XX L share in CMS Info System @ 358/Share"  
[X Link](https://x.com/ravindraCurious/status/1979034923274043395) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T04:01Z XXX followers, XX engagements


"🏦 Business Overview Founded in 2011 Zaggle runs X key verticals: Zoyer: Spend management Save: Employee benefits platform Propel: Rewards & loyalty SaaS Zatix: Fleet & expense tracking Its the #1 prepaid card issuer in India with 50M+ cards issued and 3500+ enterprise"  
[X Link](https://x.com/ravindraCurious/status/1979198984502809082) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XXX engagements


"🤝 Partnership Zaggles deep tie-ups create a network moat: Mastercard (7-year alliance) HDFC Bank (3 years) Tata Capital (5 years) Grant Thornton (3 years) These partnerships give Zaggle distribution compliance and transaction-processing firepower few fintechs can match"  
[X Link](https://x.com/ravindraCurious/status/1979198989472813523) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XXX engagements


"📊 Financial Performance FY25 & Q1FY26 FY25: Revenue 1304 Cr (+68% YoY) PAT XX Cr (+70% YoY) EBITDA XXX Cr (9.4% margin) Q1FY26: Revenue XXX Cr (+32% YoY) PAT XX Cr (+53% YoY) Margins expanding as SaaS share rises"  
[X Link](https://x.com/ravindraCurious/status/1979198999333867722) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XX engagements


"🧩 Strategic Acquisitions Dice Enterprises (123 Cr) strengthens customer base Greenedge (27 Cr) loyalty/travel vertical Rivpe (22 Cr) co-branded UPI & credit cards Effiasoft (36.7 Cr) PoS billing & SaaS Mobileware (22 Cr) UPI AEPS IMPS infra"  
[X Link](https://x.com/ravindraCurious/status/1979199025175056876) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XX engagements


"💸 Fund Raises & Warrants Oct25 XX Cr preferential issue @ 567/share to RAN Ventures & Bennett Coleman. Dec24 XXX Cr QIP @ 523/share subscribed by ICICI Prudential Societe Generale BOI MF and Nuvama Fresh capital = growth firepower. Promoter skin in the game"  
[X Link](https://x.com/ravindraCurious/status/1979199029553537384) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XX engagements


"👥 Institutional & HNI Participation As of mid-2025: Promoters: XX% ICICI Pru Flexicap: XXX% BOI Multi-Asset: XXX% Ashish Kacholia: XXX% ValueQuest Scale Fund: XXX% Rising MF + HNI participation shows market confidence in execution & scale"  
[X Link](https://x.com/ravindraCurious/status/1979199036071571772) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XX engagements


"💬 Bottom Line (No Recommendation) Zaggle Prepaid Ocean Services is riding Indias corporate fintech revolution combining SaaS payments and reward management into one engine. Revenue compounding ✅ Recurring visibility ✅ Execution watch 👀"  
[X Link](https://x.com/ravindraCurious/status/1979199069907243183) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XXX engagements


"If managed well it could evolve into Indias enterprise fintech platform of scale. #Zaggle #Fintech #SaaS #IndiaInvesting #Stocks #B2BPayments Disclaimer: Not a Buy Sell recommendation Do your due diligence before investing your hard earned money"  
[X Link](https://x.com/ravindraCurious/status/1979199074734670099) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T14:53Z XXX followers, XXX engagements


"🏗 Capacity Expansion Drive Current: XXX GW (modules) FY26E: XXX GW (Phase I Vallam) FY27E: XXXX GW modules + XX GW cells + X GWh BESS Capex outlay: 6000 Cr (FY25FY27) fully funded by IPO & cash flows. Aiming to become Indias largest integrated solar manufacturer 🌞"  
[X Link](https://x.com/ravindraCurious/status/1979295540442731008) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T21:16Z XXX followers, XX engagements


"💸 IPO Impact (Aug 2025) IPO raised 2079 Cr: XXX Cr Phase-I capex XXX Cr Phase-II XXX Cr OFS XXX Cr working capital Result: Net debt only XX Cr cash-rich balance sheet A+ credit rating and Tier-1 status (BloombergNEF 6th quarter straight)"  
[X Link](https://x.com/ravindraCurious/status/1979295545119347163) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T21:16Z XXX followers, XX engagements


"⚠ Risks to Track ⚠ Sequential revenue softness (2% QoQ) ⚠ Large capex execution risk (FY2527) ⚠ Contingent liabilities investing cash outflows ⚠ Global module price swings ⚠ Dependence on solar policy tailwinds Execution discipline is the key watchpoint"  
[X Link](https://x.com/ravindraCurious/status/1979295592775061869) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T21:16Z XXX followers, XX engagements


"💬 Bottom Line (No Recommendation) Vikram Solar is shining bright XX% YoY revenue growth XX GW orders and XX% utilisation with a clean balance sheet. If capacity scale-up stays on track it could become Indias solar manufacturing champion by FY27. #VikramSolar #Renewable"  
[X Link](https://x.com/ravindraCurious/status/1979295597288128781) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T21:16Z XXX followers, XXX engagements


"Dist: Not a Buy Sell recommendation Do your due diligence before investing your hard earned money"  
[X Link](https://x.com/ravindraCurious/status/1979295601935421667) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-17T21:16Z XXX followers, XX engagements


"11/ Risks: Debt up from XXX Cr (Mar22) to XXX Cr (Mar25). Raw material (steel) price swings can hit margins. Still operating cash flows and order intake remain resilient"  
[X Link](https://x.com/ravindraCurious/status/1979449279870832714) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T07:27Z XXX followers, X engagements


"12/ Long-term uptrend in operating profit strong sector positioning broad diversification global scale-up and recurring customer wins. Eyes on FY26 margins and US synergies"  
[X Link](https://x.com/ravindraCurious/status/1979449284534899055) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T07:27Z XXX followers, X engagements


"15/ Follow for more India Small-cap deep dives #StockMarket #Investing #PennarIndustries All metrics triggers and facts are from the companys latest concalls presentations and public filings. Retweet for more data-driven Indian investing content"  
[X Link](https://x.com/ravindraCurious/status/1979449306592755889) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T07:27Z XXX followers, XX engagements


"Disclaimer: Not a Buy Sell recommendation Do your due diligence before investing your hard earned money"  
[X Link](https://x.com/ravindraCurious/status/1979449310879343060) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T07:27Z XXX followers, XX engagements


"5/ #AUM growth catalysts: RM headcount to surge from 1300 to 30004000 in XX years. FY25: XXX new RMs added Q1FY26 target 2025% net flows CAGR aiming for 1900020000Cr in net inflows"  
[X Link](https://x.com/ravindraCurious/status/1979599713960857774) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T17:25Z XXX followers, X engagements


"6/ Product expansion: Real Estate fund 1st close at 1700Cr (95% leased Delhi asset equity value 460Cr) goal to scale to 4000Cr. Next up: Crossover X (pre-IPO PE) private credit strategy launch in Q3/Q4FY26"  
[X Link](https://x.com/ravindraCurious/status/1979599720063606887) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T17:25Z XXX followers, XX engagements


"7/ Tech game: NUWAI (inhouse GenAI RM trainer) XX% digital upskilling of salesforce MARS platform. Opex tightly managed at 9095Cr/qtr with plans for an enterprise tech upgrade ahead"  
[X Link](https://x.com/ravindraCurious/status/1979599724685799664) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T17:25Z XXX followers, X engagements


"8/ Capital markets/institutional trust: Q1/Mar'25 saw bulk dealsBOFA bought 2.6L shares at 5930 Goldman Sachs Kotak Small Cap World Fund Govt Pension Fund Agrawal among top holders"  
[X Link](https://x.com/ravindraCurious/status/1979599729429483657) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T17:25Z XXX followers, XX engagements


"11/ Sales + profit streak: FY25 sales grew from 3151Cr (FY24) to 4162 FY25 PAT at 985Cr from 625Cr (FY24) 305Cr (FY23). 3-year uptrend impressive compounding"  
[X Link](https://x.com/ravindraCurious/status/1979599750984085708) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T17:25Z XXX followers, X engagements


"12/ Watchpoints: CFO + X board exits in '24/'25 High promotor pledging (60%) Regulatory overhang (IT survey Aug'25). Market volatility is a persistent risk for flows and balances"  
[X Link](https://x.com/ravindraCurious/status/1979599755148927402) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T17:25Z XXX followers, X engagements


"14/ Fastest-growing listed pure play wealth manager sector tailwinds tech leverage sticky HNIs/institutional clientsbut watch management churn and pledging. Worth serious investor attention"  
[X Link](https://x.com/ravindraCurious/status/1979599766645514386) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T17:25Z XXX followers, XX engagements


"Disclaimer: Not a Buy Sell recommendation Do your due diligence before investing your hard earned money"  
[X Link](https://x.com/ravindraCurious/status/1979599771846525206) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-18T17:25Z XXX followers, XX engagements


"📊 FY25H1FY26 Performance: FY25 Revenue: 1639 Cr (+10% YoY) FY25 PAT: XXX Cr (+3% YoY) Q1FY26 : XXX Cr (+5% YoY XX% QoQ) Q1FY26 PAT: XX Cr (5% YoY XX% QoQ) OPM: XX% (vs XX% FY25) Margins dipped temporarily but management guides 15%+ CAGR growth going ahead"  
[X Link](https://x.com/ravindraCurious/status/1979778802814496950) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, X engagements


"💰 Balance Sheet Strength Debt/Equity: 0.2x (almost debt-free) Fixed Assets: XXX Cr CWIP: XX Cr Cash Flow: steady with XX% export mix Recent fundraises strengthen liquidity: 2001 Cr preferential issue (1994/share) 4000 Cr QIP approval (Sep25)"  
[X Link](https://x.com/ravindraCurious/status/1979778835899195419) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"🏦 Institutional & Promoter Trends SBI Large & Midcap: XXX% HDFC Balanced Advantage: X% Tata AIA: XXX% Mirae Asset ELSS: XXX% ⚠ Note: Mehul Mohankas direct promoter stake reduced from X% (Mar23) nil (Jun23) though total promoter holding remains 74%"  
[X Link](https://x.com/ravindraCurious/status/1979778840630313321) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"🚀 Product Innovation: DynaPrime New mill-liner product launched opens a fresh addressable market. Tega leads the shift from steel liners rubber composite mill liners (longer life lower cost). Margin accretive recurring and high-ROI category"  
[X Link](https://x.com/ravindraCurious/status/1979778850025599110) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, X engagements


"🤝 Inorganic Expansion: McNally Sayaji Acquisition Tega acquired McNally Sayaji Engineering (Tega McNally Minerals) giving access to EPC + equipment manufacturing. Global equipment market USD XX bn/year. Adds engineering exposure + new product verticals"  
[X Link](https://x.com/ravindraCurious/status/1979778854752591897) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"💬 Bottom Line (No Recommendation) Tega Industries is quietly evolving from a niche Indian exporter global mining consumables major. Solid balance sheet Recurring revenue Capex visibility Integration watchpoint FY27FY28 could mark Tegas scale-up to global top-tier"  
[X Link](https://x.com/ravindraCurious/status/1979778880505598386) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"Disclaimer: Not a Buy Sell recommendation Do your due diligence before investing your hard earned money"  
[X Link](https://x.com/ravindraCurious/status/1979778884838306085) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T05:17Z XXX followers, XX engagements


"🔦 Fiem Industries Ltd One of Indias top automotive lighting suppliers. A rock-solid performer for the last few years but the recent promoter share sale (4.45%) in Sept25 has raised questions: Is the auto ancillary cycle near its peak Lets unpack this 👇"  
[X Link](https://x.com/ravindraCurious/status/1979845329467101421) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"🏭 Who is Fiem Industries Leading manufacturer of: Automotive lighting systems Rear-view mirrors Sheet metal & plastic parts Clients: HondaYamahaTVS Royal EnfieldMahindra Mercedes-Benz Tata Motors Strong R&D in India Japan & Italy powering its next-gen LED lighting"  
[X Link](https://x.com/ravindraCurious/status/1979845343870365788) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"📆 Q1FY26 Snapshot Revenue: XXX Cr (+14% YoY +3% QoQ) PAT: XX Cr (+18% YoY X% QoQ) EBITDA: XX Cr Margin stable at XX% Growth continues though pace moderating a hint that the auto-ancillary upcycle might be plateauing"  
[X Link](https://x.com/ravindraCurious/status/1979845361222205701) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, X engagements


"🧾 Order Book Visibility Order book 1200 Cr 100+ ongoing projects Capacity utilization XX% 🚗 High-content programs: Mahindra Bolero lighting (7x value addition) Mercedes-Benz headlamp order Honda Activa EV (single-source lighting vendor) Premiumisation at play"  
[X Link](https://x.com/ravindraCurious/status/1979845373385638228) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"🔥 Aug25 Fire at Tapukara (Rajasthan) A fire hit Unit-8 but operations resumed quickly. Insurance fully covers the damage. Minor short-term disruption in Q2FY26 but no long-term impact"  
[X Link](https://x.com/ravindraCurious/status/1979845380931211459) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, X engagements


"💡 Tech & Product Innovation EV Lighting: Honda Activa EV TVS Apache RTR XXX Royal Enfield Meteor. Luxury Auto: Mercedes-Benz headlamp supplier Railways: Passenger info LED systems (IPIS) a new non-auto vertical Japan R&D Center: For global lighting design. R&D-led edge"  
[X Link](https://x.com/ravindraCurious/status/1979845387046596853) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"⚙ Capex & Expansion FY25FY27 Plan: 250280 Cr capex Focus: EV lighting capacity Export-oriented models Railway LED systems Utilization XX% good operating leverage ahead once new lines kick in"  
[X Link](https://x.com/ravindraCurious/status/1979845401797910800) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"💬 Bottom Line (No Recommendation) Fiem Industries is a profitable debt-free high-ROE auto ancillary expanding into EVs & premium OEMs. But with repeated promoter sales and plateauing growth the stock may be entering a mature cycle phase rather than a new breakout"  
[X Link](https://x.com/ravindraCurious/status/1979845427701903439) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"Disclaimer: Not a Buy Sell recommendation Do your due diligence before investing your hard earned money"  
[X Link](https://x.com/ravindraCurious/status/1979845433745887468) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T09:41Z XXX followers, XX engagements


"💹 Strong Financial Growth Trajectory: NDR has demonstrated impressive scaling over the last few years Revenue (FY22-FY25): Surged from INR XXX Cr to INR XXX Cr a more than 3x increase Net Profit: Grew from INR XX Cr to INR XX Cr in the same period also more than tripling"  
[X Link](https://x.com/ravindraCurious/status/1979924026509107235) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"📈 Quarterly Performance & Margins: Q1FY26: Sales up X% YoY to INR XXX Cr Net Profit up XX% YoY to INR XX Cr. Profitability: The company operates with a consistent EBITDA margin of 10-11% and a Net Profit Margin of 6-8%. These are reasonable for its segment"  
[X Link](https://x.com/ravindraCurious/status/1979924038437703888) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"🔋 Strategic Levers & Expansion Triggers: NDR is actively working on multiple growth drivers: X. New OEMs: Successfully onboarded KIA as a customer with supplies started in Dec 2024"  
[X Link](https://x.com/ravindraCurious/status/1979924059992277022) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"2. Product Diversification: JV with Hayashi Telempu for sunshades and ambient lighting with first orders from Toyota. X. Vertical Integration: Collaboration with Toyota Tsusho for seat insert fabric targeting INR XXX Cr revenue by FY28-29"  
[X Link](https://x.com/ravindraCurious/status/1979924065814028572) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"Key Man Risk: The CFO Mr. Mohit Kumar Jain resigned in March 2025 which is a concern for financial oversight"  
[X Link](https://x.com/ravindraCurious/status/1979924086148202521) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"📉 More Risks to Consider: Execution Risk: Achieving a XX% CAGR to reach INR 3000 Cr is highly ambitious and requires flawless execution of capacity expansion and new product launches"  
[X Link](https://x.com/ravindraCurious/status/1979924091340574903) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"Customer Concentration: A significant reliance on Maruti Suzuki remains a key risk despite efforts to diversify. Margin Pressure: The auto component sector is cost-sensitive and maintaining the guided 11-12% EBITDA margin is not guaranteed"  
[X Link](https://x.com/ravindraCurious/status/1979924096080126065) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, XX engagements


"📊 Key Ratios & Balance Sheet: Return on Capital Employed (ROCE): The target of 25%+ is a key metric to track for efficiency. Stable Cash: Management cites a stable cash balance of INR 40-50 Cr"  
[X Link](https://x.com/ravindraCurious/status/1979924100874141895) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements


"Disclaimer: Not a Buy Sell recommendation Do your due diligence before investing your hard earned money"  
[X Link](https://x.com/ravindraCurious/status/1979924120226631878) [@ravindraCurious](/creator/x/ravindraCurious) 2025-10-19T14:54Z XXX followers, X engagements