@ReviewerSa58793 Unless it monetises its EV manufacturing, I see it mostly as a solar EPC play. 2k top line not possible until magic happens.

😂

Delton Cables 🚨 Margins drop on an already weak margin profile Problems with low voltage players: there is no safety of margins to begin with Why would you invest in a low voltage player when there are better valued high voltage players? I get that tailwinds will push the revenues but tailwinds work the same (or even better) for the high voltage players It is always better to understand the industry dynamics first before making investing decisions Never liked Delton, will never do unless it changes its niche. No recommendations to sell your shares please, just some thoughts. #delton

Indo Count 🔥🔥 After a washout Q2, the co. delivered a solid Q3. Margins down: a) greater brand and US spends (+ve in long term) b) higher freight costs (getting normalised now) Fluvitex USA & Modern Home Textiles USA already contributing 100cr in Q3 revenues That's the power of right acquisitions 👍 Volume guidance will be met, albeit on the lower side. I was not expecting results to be this great, esp after Welspun Living delivered poor results 👍 Always preferred Indo Count over Welspun Living, mostly because of the right brand acquisition strategy. Apparel ones in textiles, I don't like them much. #indocount

@Solo_Flyer1 @Biju11218746 Yes, not sure about the date but supply will come

Reliance Earnings Call Q3FY25 JioCloudPC We might criticize large caps for sluggish returns and for good reasons too But they're the only ones who can INNOVATE at SCALE Rest just either assist or catch up

Samhi Hotels: asset recycling done ✅ Samhi sold 100% of their ownership in Duet India Hotels (Chennai OMR) Pvt. Ltd. (“Duet Chennai OMR”) for an Enterprise Value of ~INR 535 million. This will give 53cr in cash to Samhi & will immediately reduce debt. Positive update #samhi

SAMAJHDAR KO ISHARA KAAFI Many companies I'd discussed are now coming back to better valuations. You can consider watching my video discussion on cos. where I said that the business is good but valuations are high. Check valuations now after correction. You will find some really good opportunities for the long term.

Transrail Lighting Good results, margin expansion always appreciated 👏 Business achievements worth reading #transrail

@johnkap00r 😇

I’ll be discussing Exicom Tele-Systems next. Ask your queries here, will try my best to address them in the discussion.

Exicom Tele-Systems 🚨 & HFCL 💹 Context: Airtel has significantly reduced its capex on 5G radio (putting Base Stations). But it is doing heavy capex on Fixed Wireless Access (FWA- imagine Airtel Xtreme AirFibre) and Fibre-to-the-Home (FTTH). Bad for Exicom BUT good for HFCL How? Let’s understand. Exicom has two business segments: Power Conversion Equipment & EVSE. We will talk about the first segment only. When we say base stations, we can imagine telecom towers that we see around us. However, a base station not only has towers but also includes various power conversion equipment (as telecom equipment run best on DC but power supplied by the grid is AC), battery storage for continuous power supply and so on. Exicom provides these Power Conversion Equipment & Battery Solutions (mostly Li-ON ones) in its first segment. Now when telcos are decelerating their capex on base stations, Exicom will inevitably feel the heat, which is also reflected in its results for the segment. Airtel has plans to further decelerate investments on base stations in FY26. I’m not much hopeful for Exicom’s this division in the near term. I’ll talk about the other division and its future prospects in a separate video someday. However, as I mentioned, telcos are going crazy with their investments on 5G use cases (FWA and FTTH) instead. For simplicity, think FWA = AirFibre. HFCL tends to benefit as it manufactures FWA-CPE (Fixed Wireless Access- Customer Premise Equipment) & Optic Fibre Cables both. FWA is preferred by telcos across geographies where fibre installation is challenging or less rewarding (like flatbed geographies). Telcos are also going heavy on FTTH, which will keep demand for OFCs intact for some time. Demand for OFCs will also come from backhaul requirements (when data/traffic has to be backhauled from these base stations to telco’s core network with low latency). Other technologies like Millimeter wave (mmWave) are also an alternative for backhauling but OFCs are indispensable. While telcos will eventually slow down investments in base stations (as they’ve already covered the country, Airtel still needs to cover Gujarat & MP) they will go more aggressive on 5G use cases (FWA and FTTH). Feel free to add to this discussion. Might help all of us out. #Exicom #HFCL

@MayankKapur16 stronger by day, keep at it 👏

@ujwalllllll Yes, capacity constraints will indeed put pressure on what could have been a solid top-line growth.

Action Construction Equipment Respect for management, it was quick to reduce guidance in Q1, markets adjusted the stock price Now delivering exactly what it said 👏 No dreamy stories about infrastructure spending Q4 is always better, so guidance will be met Commentary on its material handling & agri equipment business will be important for me. Will update everything in a video #actionconstruction

@PranavVaze80220 😇