Notes in the margin of the Indian market.
Longer reads from HV Investing. One company, one development or one idea at a time, worked through in plain language & published when there is something worth saying.
the synthetic rubber maker that sold less & earned 4x more
revenue up 39.9% yoy to a record, ebitda margin 22.3% vs 10.3% & profit after tax up 311% yoy, on 10-12% fewer tonnes. management says part of it was a windfall. here is how much, & what has to go right next.
insurance commissions could be cut. who loses?
IRDAI's draft would shrink what banks, NBFCs & brokers earn for selling insurance, in some cases from about 45% of premium to 2%. Here's who earns less, who may gain & what to watch before the 25 October deadline.
the abs maker that grew revenue 53% & profit 43% while its plant was already full
revenue up 53.3% yoy, profit up 42.9% yoy, zero debt since 2018 & a plant at 96% utilisation for five years. the growth came from prices & traded material, not tonnes. new capacity is due this month, & the benefit lands in fy28.
the specialty chemicals maker that grew revenue 44.1%, doubled profit & added 566 bps of margin in a year
Net profit up 107.7% YoY, all 3 business engines growing together, operating cash running ahead of profit. & the number management itself says will come down.
gold: the next 12 months
A 39% rupee-gold year, a hawkish new Fed, a tripled import duty & what the next 12 months hinge on.
the monopoly behind 93% of india's trades goes public
Hi everyone, A story from today's corporate intelligence brief (over at hvinvesting.com) worth spending a minute on: the company behind most of India's stock trades is going…
a beauty house that grew volumes 30.5% & more than doubled its quarterly profit
net profit up 119% yoy, revenue up 31.8% like-for-like, ebitda margin up 636 bps. about 150 bps of that is a one-time item, & that is the part i checked.
lohia corp: the machine maker behind india's cement & fertiliser bags
The order book doubled, the margin doubled & the listing is a month old. What the June quarter says about the machines behind India's cement & fertiliser bags.
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