Stock return multiplier

Superstar Investors Are Betting on These Recent IPO Upcoming IPOs 1. ESDS Software Solution 🔸Mukul Agrawal Holding Stake: 6.99% 🔸Ashish Kacholia Holding Stake: 2.39% 2. Purple Style Labs 🔸Mukul Agrawal Holding Stake: 1.42% 🔸Singularity Growth Opportunities Fund I (Madhusudan Kela-backed) Holding Stake: 1.93% 🔸Volrado Venture Partners Fund II (Akash Bhanshali-backed) Holding Stake: 2.90% Recently Listed Companies 3. MV Electrosystems 🔸Madhuri Madhusudan Kela Holding Stake: 4.22% 4. Caliber Mining and Logistics Ltd 🔸Abakkus Four2Eight Opportunities Fund Holding Stake: 3.72% 5.Credent Connect N Care Ltd 🔸Ashish Kacholia Holding Stake: 2.02% 🔸Abakkus Venture Opportunities Fund Holding Stake: 1.21% 6. Ardee Industries 🔸Ashish Kacholia Holding Stake: 1.20% 7. IC Electricals Company Ltd 🔸Bengal Finance And Investment Pvt Ltd: 2.76% 8. Augmont Enterprises Ltd (listing due 31 Aug) 🔸Bengal Finance & Investment Pvt Ltd (Ashish Kacholia-backed) 🔸Anchor Allocation: 72,963 shares 🔸Investment Amount: ₹5.75 crore 🔸Share of Anchor Portion: 2.33% 9. Anawil Wire and Engineering Ltd 🔸Mukul Mahavir Agrawal: 2.72% 10. Poojaa Precision Engg. Ltd 🔸Mukul Mahavir Agrawal: 5.12% 11. Horizon Industrial Parks Ltd 🔸Radhakishan Shivkishan Damani: 1.16% 📌Disclaimer: Educational purposes only, not a buy/sell recommendation.

₹62,500 Cr Mobile Manufacturing Scheme 🇮🇳 Stocks to keep on radar: 🔥Dixon Tech :- Mobile manufacturing + Vivo JV 🔥Kaynes Tech :- Camera modules & components 🔥Syrma SGS :- Camera modules & EMS 🔥Amber Enterprises :- Emerging mobile manufacturing play 🔥Uno Minda :- Electronics & camera modules 🔥Motherson :- Electronics components Big theme: Mobile Assembly → Component Localisation → Higher Value Addition

THE KPI CHEAT SHEET EVERY STOCK MARKET INVESTOR SHOULD HAVE. 1. Banks: GNPA / NNPA 2. NBFCs: GNPA + Credit Cost 3. Retail: SSSG 4. QSR / Restaurants: SSSG 5. Auto: Volume Growth 6. Auto Ancillary: Content per Vehicle 7. Capital Goods: Order Book 8. T&D / Transformers: Order Book + Execution 9. Real Estate: Pre-sales / Booking Value 10. Cement: Volume Growth 11. Steel: EBITDA per Tonne 12. Mining: Realisation per Tonne 13. Oil Refinery: GRM 14. OMC: Marketing Margin 15. City Gas: Volume Growth 16. IT Services: Deal Wins / TCV 17. Pharma: USFDA Compliance 18. Hospitals: ARPOB 19. Diagnostics: Patient / Test Volume 20. Telecom: ARPU 21. Airlines: RASK vs CASK 22. Shipping: Freight Rates 23. Logistics: Shipment / Volume Growth 24. Hotels: RevPAR 25. Textile: Capacity Utilisation 26. Jewellery: Same-store Sales Growth 27. FMCG: Volume Growth 28. Beverages: Volume Growth 29. Power Generation: PLF 30. Renewable Energy: Operational Capacity (MW/GW)

ESDS Software Solutions IPO— The NEXT Big listed Data center and AI Play after E2E. PS: Long and detailed notes, be patient. Very very few businesses can grow at 40-50% CAGR even for few years. And even fewer companies can grow exponentially without significant equity dilution. ESDS is one such company that fits into it and it is "At the Right Place , At the Right Time". It is experiencing huge tailwind and demand for its services unlike every before. Let's take a deeper look at what's changing What makes ESDS so interesting and special? The interesting part isn't the ₹720 Cr IPO and huge planned Capex. It isn't even the existing data-centre business. The interesting part is this: "ESDS has potentially secured a way to participate in thousands of NVIDIA B300 GPUs without having to fund the entire GPU infrastructure itself." (8200 secured and another 16000 in advanced discussions) That changes the economics of the company completely upside down. ESDS is coming to Dalal Street at a ~₹5,000 Cr post money valuation. FY26: Revenue: ~₹481 Cr PAT: ~₹121 Cr On FY26 earnings, it looks expensive. At 42x PE. But FY26 is not the story. The real story is SharonAI breakthrough deal And it's just getting started. FY 27 Estimated Revenue - ~1800-2000 cr Est PAT - ~350 cr. Forward PE of ~14x. Does it still looks expensive? Lets dig more : 1. The SharonAI DEAL On 31 March 2026, ESDS entered into a 5-year agreement with Australian neocloud player SharonAI. The service order covers: • 8,208 NVIDIA B300 GPUs • 17.83 PB storage • 60-month initial term • 99.95% target uptime • Revenue expected to start from Q3 FY27 SharonAI's own SEC filing puts the contract value at approximately: US$1.25 Billion That's ₹11,000+ Cr. For a company with FY26 revenue of ~₹481 Cr, this is enormous. This isn't a PowerPoint MoU. There is a signed service agreement, with the infrastructure to be deployed in Australia. (Funded by customer advances that ESDS procured for the deal before hand) 2. BUT HERE'S WHAT MOST PEOPLE MAY MISS! ESDS isn't simply leasing 8,208 GPUs and hoping customers appear. The model is closer to: End customer → ESDS → SharonAI → GPU infrastructure SharonAI provides the underlying GPU infrastructure. ESDS owns the customer relationship and monetises the compute through its platform, software and services. ESDS's investor material has indicated approximately US$1.95bn of five-year end-customer revenue potential. (~19,000 cr revenue across 5 years ) At first glance, $1.25bn and $1.95bn look contradictory. They aren't necessarily. They represent two sides of the proposed back-to-back model: ~$1.25bn = ESDS's wholesale infrastructure commitment to SharonAI (Expenditure) ~$1.95bn = potential revenue from ESDS's end customers The difference represents the economics available to ESDS before its other operating costs. That is much more interesting than simply owning GPUs. 3. WHY THE FINANCING MODEL MATTERS? This is perhaps the most important part of the thesis. AI infrastructure is normally brutally capital intensive. You need: GPU server networking storage cooling power data centre before generating revenue. E2E is a good example. It deployed massive amounts of GPU infrastructure in FY26, and depreciation exploded as the asset base increased. ESDS appears to be pursuing a different model. Customer advance → procure capacity → sell compute → generate cash ESDS has disclosed substantial customer advances (1100 cr+) associated with the AI infrastructure opportunity. The SharonAI agreement itself provides for monthly payments in advance and requires ESDS to provide approximately US$140m of letters of credit/bank guarantees. ( This is already done by now). If this structure works as intended, ESDS can potentially scale AI revenue without having to fund the entire infrastructure requirement from its own balance sheet. That is the key difference. #ESDS #DataCenters

TRUSTMF Small Cap Fund: Portfolio, almost everything that's running is here in the list The Federal Bank ITD Cementation India Multi Commodity Exchange of India (MCX) Sansera Engineering City Union Bank Navin Fluorine International Radico Khaitan Laurus Labs Karur Vysya Bank Arvind Shadowfax Technologies Sai Life Sciences Welspun Corp Lenskart Solutions Solar Industries India Amber Enterprises India Senores Pharmaceuticals Thangamayil Jewellery Kirloskar Oil Engines Shriram Pistons & Rings RBL Bank Aditya Infotech Honasa Consumer S.J.S Enterprises GNG Electronics PNB Housing Finance Privi Speciality Chemicals Syrma SGS Technology Rubicon Research Sky Gold Nippon Life India Asset Management Gabriel India R R Kabel Craftsman Automation Ather Energy Aster DM Healthcare Angel One Clean Max Enviro Energy Solutions Coforge Neuland Laboratories Dewan Housing Finance Corp. Delhivery Avalon Technologies MTAR Technologies KPR Mills Central Depository Services (CDSL) Ami Organics Billionbrains Garage Ventures (Groww) Bharat Dynamics Apollo Micro Systems Shaily Engineering Plastics PhysicsWallah Data Patterns India Granules India TD Power Systems Krishna Institute of Medical Sciences (KIMS) Dixon Technologies Computer Age Management Services (CAMS) Zen Technologies Anand Rathi Wealth Deepak Fertilisers & Petrochemicals Fractal Analytics Aeroflex Industries Firstsource Solutions CCL Products India Apar Industries GE T&D India Le Travenues Technology (ixigo) Pricol Paras Defence & Space Technologies

Do anyone remember this stock? VPRPL was one of the biggest beneficiaries of the Jal Jeevan Mission theme. When everyone was jumping around to buy water infra stocks, VPRPL looked like the perfect proxy. ₹3,880 Cr order book 78% of the order book from water projects 67% of revenue from Rajasthan ROCE of 34% PAT CAGR of 118% from FY21 to FY23 IPO came in August 2023 at ₹99. But the interesting part is what happened after the Jal Jeevan Mission money flow started getting disrupted. The Rajasthan PHED scam triggered investigations by ED, CBI and ACB. Bureaucrats became extremely cautious. Bills stopped getting certified, payments got delayed and projects started getting stuck. And this wasn't something that happened overnight. The warning signs were visible well before the balance sheet completely broke. Debtor days: 62 days in FY23 → 166 → 217 → 247 Cash conversion cycle: 172 days → 250 → 637 days Inventory days touched a ridiculous 941 days in FY25, showing how much capital was getting trapped in WIP and unbilled revenue. Meanwhile CFO went: ₹8 Cr negative → ₹316 Cr negative → ₹207 Cr negative The company then had to borrow more and more just to keep executing. Borrowings raised: ₹99 Cr → ₹196 Cr → ₹356 Cr And interest paid went from ₹30 Cr to ₹43 Cr to ₹68 Cr to ₹74 Cr. ROCE? 34% → 25% → 11% → -7% This is the part I find most interesting. There was enough time and enough data to exit. The problem wasn't that the government suddenly disappeared. The problem was that cash stopped moving, while the company still had to spend money to execute the order book. That ₹3,880 Cr order book everyone loved suddenly became the reason the company needed more and more working capital. The company was effectively borrowing money from banks to finance the government's payment delays. And eventually even the promoters got trapped. Promoter pledge went from 0% at IPO to 95% by June 2026. A great theme can make you ignore ugly numbers. But when the cash stops coming in, the theme doesn't matter anymore. Revenue can be booked. Orders can be announced. But eventually, someone has to pay.

MM Forgings — an interesting small-cap forging play Q1FY27 was strong, but the outlook seems better: • Management guides for ₹1,800–1,900 Cr FY27 revenue and >90k tonnes volume vs ~78k tonnes FY26 • FY28 target: 1–1.1 lakh tonnes • 67% of Q1 sales were machined, supporting higher realisations and margin potential • US Class-8 CV demand is booming, while domestic CV/tractor demand remains strong • 4,000T press already operational; 16,500T press to come online in Q4 FY27 • ~₹150 Cr FY27 capex, focused largely on machining, debottlenecking and automation • Perhaps underappreciated: finance cost could fall towards ~₹55 Cr, despite gross debt remaining broadly controlled Volume recovery + machining mix + new capacity + operating leverage + falling interest cost ==> Strong earnings growth Trades at reasonable valuations, and at a big discount to bigger peers. Worth tracking.

Q1FY27 Earnings Season: A Big Positive for Indian Markets 🔥 Earnings Upgrade/Downgrade ratio: 1.5x ( highest in 22 quarters ) 🔥 Sector PAT Surprise/Miss ratio: 9.5x ( highest in 24 quarters ) 🔥 Overall PAT Surprise/Miss ratio: 1.9x (highest in 22 quarters) Strong earnings + rising estimates = improving fundamentals for Indian equities. 🇮🇳

Sectors with good future guidance AI / Data Center - E2E network, KRN Heat, TD Power, Netweb, Sterlite Technologies, HFCL, MTAR Technologies, Syrma SGS, Vmarc, Finolex, RR Kabel, Universal Cable, Polycab, Prime Cable, KSH International, Dynamic cable, Yash High voltage, Pitti Engineering, Kirloskar Oil Engines, ABB India, Siemens India, Siemens Energy, Schneider Electric, Hitachi Energy India, Cummins India, CG Power, Quality Power, Emmvee Photovol, Dynamatic Tech, Omni-technology, DEE Development, Aeroflex, ABB, Bluestar, Voltas, Thermax CDMO/Pharma- Laurus Lab, Gland Pharma, Shilpa Medicare, Aarti Pahrma, Kwality Pharma, Sudeep Pharma, Sai Life, Acutaas, Divis lab, Sakar Healthcare, Beta Drugs, Neuland, Auto and Auto Ancillary- Ather Energy, Lumax Auto Tech, Sedemac Mechatronics, SJS, Divgi torq, Craftsman Automation, Uno Minda, Sona BLW, Bosch, Gabriel India, TVS Motor Bajaj Auto, Rolex rings, OBSC Perfection, Pricol, Steel Strips Precision Engineering- Sansera engineering, Azad Engineering, Omnitech, Dynamatic Tech, Shivalik Biometal Jewellery- Sky Gold, Titan, Kalyan, PN Gadgil, PNGS Reva Others- Shadowfax technology, Timex, Ethos, Cupid, Sona BLW, Ramkrishna Forging,

Hope you all observing my in depth analysis of Ratnaveer precision

Why is Morepen Labs getting rerated so sharply? The story has changed on 3 fronts: 1. CDMO finally starts contributing. The ₹849 Cr CDMO order is now showing up in numbers. Q1 itself saw ~₹58 Cr of CDMO commercial supplies, with a much larger contribution expected ahead. 2. Operating leverage is kicking in. Q1 revenue jumped to ₹570 Cr, while EBITDA margin expanded to ~15% and PAT jumped to ₹56 Cr vs ₹11 Cr YoY. 3. The market is now seeing earnings visibility. Morepen was earlier largely valued as a steady API/medical-device business. The CDMO opportunity changes the potential growth and margin profile. My FY27 assumptions: Revenue: ₹2,400–2,500 Cr EBITDA margin: 14–15% PAT margin: 9–10% PAT: ₹216–250 Cr At a ₹5,281 Cr market cap, this implies roughly 21–24x FY27 P/E. If CDMO execution continues, margins hold, and repeat orders start coming in, the rerating story could have further legs. These are strictly my assumptions, NOT management guidance. The biggest question now: Is this the beginning of a sustainable CDMO business or just a one-order earnings spike?

Ratnaveer Precision Engineering Limited's total capital expenditure (Capex) for its upcoming Copper Clad Laminate (CCL) project is ₹338 crore under the central Government's Electronics Component Manufacturing Scheme (ECMS). 👉🗓 Revenue Contribution TimelineThe project is tracking to hit the top-line during Q3 FY27 (Third Quarter of Fiscal Year 2026-27) Commercial Production Date: The management has confirmed that the first production line is roughly 60% complete and on track to commence commercial production in November 2026. Full Ramp-up Phase: The first full-quarter revenue reflection will be visible in Q4 FY27, with management modeling a massive standalone revenue chunk of approximately ₹750 crore from the CCL business by FY28 as all 5 production lines reach optimal capacity (~68–69% utilization). 👉👉CCL FR stands for Flame Retardant Copper Clad Laminate. 👉 It is the fundamental core material used to manufacture rigid Printed Circuit Boards (PCBs). The material consists of a woven fiberglass cloth impregnated with an epoxy resin matrix that is rated for fire resistance (NEMA standard FR-4) .Because it acts as both the structural backbone and the electrical insulator for complex circuitry, it is irreplaceable in modern tech hardware. In demanding, mission-critical sectors like🧨🚀🔥 Defence, Aerospace, and Electric Vehicles (EVs), specialized variants of FR-4 CCL 👉Historically, India has faced a 100% import dependency for high-grade electronic Copper Clad Laminates (CCL FR-4)🔥

How many of you are benefitted from my stock related research and studies. I am trying my best to upgrade the level of research and help you all. But didn't receive feedback to know whether it helps you all. Required positive/ Negative feedback from all of you to improve my research and study. Priority of Stock return Multiplier first everything comes next

RATNAVEER PRECISION — CCL STORY GETTING STRONGER Yes — this is a positive read-through for Ratnaveer’s new Copper Clad Laminate (CCL) business, and the timing is important. 🟢 1. RATNAVEER CCL PLANT — NOVEMBER TARGET Management has indicated that the first CCL production line is targeted to start around November 2026. The company has already ordered machinery and is developing the facility in Vadodara. 🟢 2. WHY CCL IS IMPORTANT CCL = Copper Clad Laminate. Very simply: CCL → PCB → Electronic equipment → AI servers / telecom / electronics CCL is a basic material used to manufacture PCBs and accounts for a significant portion of PCB manufacturing cost. 🟢 3. AI BOOM IS CREATING DEMAND The important external read-through is that high-end PCB manufacturing for AI servers is increasing demand for materials including copper foil and glass fibre, while CCL supply chains have also faced pressure. So the theme is: AI servers ↑ → Advanced PCBs ↑ → CCL demand ↑ 🟢 4. GOVERNMENT IS ALSO SUPPORTING CCL This is particularly positive for Ratnaveer. MeitY’s ECMS has specifically approved Ratnaveer Precision Engineering for Copper Clad Laminate manufacturing. The government says CCL is a base material for PCBs and represents around 30% of PCB bill of materials. Also, Wipro’s electronic-materials business has been approved for CCL manufacturing, showing that large players are also entering this supply chain. 🟢 5. RATNAVEER’S BIG ADVANTAGE Ratnaveer is targeting FR-4 grade CCL, with the project designed around: Import substitution Domestic electronics demand PCB ecosystem Future export opportunity Management has described the project as a major diversification opportunity. 🟢 6. THE BIG INVESTOR POINT This is not just a normal stainless-steel expansion. Ratnaveer is trying to enter the electronics supply chain at an important point: AI → Data Centre → PCB → CCL → Ratnaveer That gives the company exposure to the AI/data-centre electronics manufacturing theme. 🟡 7. BUT DON’T OVERHYPE IT YET The CCL business is not yet contributing meaningful revenue. The first line still has to: Start → Stabilize → Get customer approvals → Ramp production → Reach utilization So today’s positive news is mainly about future earnings potential, not current earnings. 🔥 INVESTOR QUICK TAKE CCL plant starting around Nov + government ECMS support + CCL shortage/tight supply + AI-server PCB demand = 🟢 STRONG POSITIVE READ-THROUGH FOR RATNAVEER. The real trigger will be what happens after commissioning: customer approvals, utilization, selling prices and actual CCL revenue/margins.

Best ever business analysis strategy to identify multibagger stocks early with 90% accuracy

How many of you are benefitted from my stock related research and studies. I am trying my best to upgrade the level of research and help you all. But didn't receive feedback to know whether it helps you all. Required positive/ Negative feedback from all of you to improve my research and study. Priority of Stock return Multiplier first everything comes next

Stocks with Strong Future Growth Visibility Based on management guidance, capex, order visibility & sector tailwinds: 🔥 Hitachi Energy 🔥 Siemens Energy 🔥 KSH International 🔥 Azad Engineering 🔥 Craftsman Automation 🔥 Sansera Engineering 🔥 Netweb Technologies 🔥 Sudeep Pharma 🔥 Sai Life Sciences 🔥 Navin Fluorine 🔥 Premier Energies 🔥 Polycab

Growth triggers for Forging & Casting companies. Europe's supply base is struggling. OEMs are shifting work to India. Demand is moving beyond auto into energy, data centers, aerospace & semiconductors. RK forging: Flooded with demand. Inquiries and RFQs are huge. North America and Europe are both firing. Happy Forgings gets 60% of exports from Europe and says inquiry flow is huge. Menon received RFQs and NDAs from Magna, Linamar and Allison after its US visit. Heavy forging capacity is in shortage. Happy's 14,000-ton press takes 1.5 to 3 years to replicate. RK's ring rolling is at 127% utilization and booked for 2 to 3 years. NRB won the Sukhoi-30 spherical bearing order. Less than 5 companies globally can make it. The next growth leg will come from higher value materials and products, not just basic forgings. RK is moving into titanium and Inconel. Happy is moving from 200kg parts to 3 ton energy parts. Menon is entering larger EV and railway parts. NRB is expanding into aerospace and defence.

Ratnaveer precision and Sansera Engineering will provide excellent return from present level Ratnaveer precision CMP - 240 extremely undervalued Sansera Engineering - 3986 slightly overvalued. Precision Engineering theme will give best return from present level as per all management guidance

Stocks Watchlist Positive Hindustan Aeronautics-Signs a pact with Adani Defence and BEML UPL-Arm Advanta to acquire Hytech Egypt for $110 Mn Voltas- JV with Atomberg for AC compressor manufacturing CESC, Juniper Green-SECI order win Indigo Paints, Rolex Rings-MF buying Reliance Industries-Partnership with Rolls-Royce TD Power Systems-Agreement with Siemens Energy Nibe-Rs. 563 crore order win from Indian Army Aditya Infotech-To Consider equity fundraising on August 19 DCW, Andhra Papers-Operations resume Knowledge Marine: The company approves subdivision of one equity share into five shares. Kitex Garments: The company approves fundraising of up to Rs. 3,000 crore via QIP Negatives Dr.Reddy's Labs-US FDA issues 4 observations to Bachupally unit SBI Funds Management-Lockin expiry today PB Fintech-IRDAI issues a show-cause notice to arm Policybazaar Insurance