SOIC Research

SOIC Intelligent Research LLP | SEBI Registered Research Analyst (Reg. No: INH000012582) | BSE Enlistment No. - 5808 | Not Investment Advice |

[SOIC Research @ResearchSOIC]

We have been running a series called 20 Unique Businesses on this page.
The filter is simple :-
→ High barriers to entry
→ Cannot be replicated just via blank cheque
→ Good return ratios
→ Limited competitors
→ Doing something cutting edge or structurally different

Not stocks to buy. Not targets to chase. Just businesses worth understanding, the kind where the moat is not a number on a screener but something you feel once you study the value chain.

If you missed any of them, this thread is your single window. Every business we have covered so far, in one place -

[SOIC Research @ResearchSOIC]

Disclosure: Navin Fluorine, KMEW and Saregama are on the SOIC TVGP watchlist. This post is for educational purposes only and is not a buy/sell recommendation. Do your own research.

SOIC Intelligent Research LLP | SEBI RA Reg. INH000012582

[SOIC Research @ResearchSOIC]

Three stocks on our TVGP watchlist. Three industries that have nothing to do with each other but what is unique here is the framework we followed

Navin Fluorine makes refrigerant gases and the hard-to-make fluorine building blocks that go into global pharma and agro molecules + a exploding CDMO business inside of it.

Knowledge Marine & Engineering Works (KMEW) scrapes silt off port floors and builds and runs tugs.

Saregama owns songs, including melodies S.D. Burman composed in the 1960s.

All three belonging to different themes - CDMO/Ref Gas, Dredger, Music Label with different set of customers and everything. Yet all three passed the same four-letter filter to get on our list, and all three have since reported the kind of numbers that filter was looking for.

Why? In a way all these three businesses were unique to start of with which were going through strong tailwinds.

And this is not a post about being early but it’s about the process that put three unrelated businesses on one list, because a process is something you can steal and run yourself.

Our lens is TVGP:
> T: Theme. Is there a tailwind bigger than the company?
> V: Value. Is the price reasonable for the growth on offer?
> G: Growth. Is growth showing up, or about to change shape?
> P: Promoter. Has management done what it said it would do?

Let’s go through each letter using these three businesses, plus the one filter that sits on top of all four: UNIQUENESS

[SOIC Research @ResearchSOIC]

So back to the question we started of with

Each one is a toll booth on a road the world has to keep travelling: a climate treaty, a shipping lane, a playlist.

Sectors are just costumes. Underneath, you’re looking for the same five things:

> A tailwind that would exist without the company
> A business a blank cheque can’t replicate
> Growth that’s about to change shape, often hidden by the reported numbers
> A valuation the earnings can grow into, which isn’t always a cheap one
> A promoter that we can trust upon to execute upon

[SOIC Research @ResearchSOIC]

Q2FY27 is shaping up as one of the strongest quarters for earnings growth across the India companies on the SOIC Research (India + Global) watchlist.

Of the 50 companies on the watchlist, 27 have reported so far, and their median PAT growth stands at 46.4% YoY.

[Intrinsic Compounding @soicfinance]

A detailed 4 min that explains complete BESS industry in detail and how money flows in this value chain.

Could BESS be the next growth frontier?

Disclaimer - Not a recommendation to buy/sell

[SOIC Research @ResearchSOIC]

So what is this chain, really?

It looks like an oil-price trade. It isn't. It's a capex pipeline with a policy valve in the middle. The price decides who earns this quarter; the capex decides who earns for the next five years.

Here is the complete flow of money that happens across the value chain

[SOIC Research @ResearchSOIC]

Disclaimer - This is only for educational purpose and not a recommendation to buy/sell. Please Do your own research before investing

And also do let us know in the comment section below which businesses you found interesting in this value chain

[SOIC Research @ResearchSOIC]

> Brent: $61 in January, $126 by the end of April
> HPCL: ₹11,526 cr standalone loss in a single quarter
> Reliance's O2C EBITDA: up 17%
> Petronet: terminals 58% utilised, and still a record profit

All this because Strait of Hormuz went shut

So we went through the latest (Q1 FY27) concalls and filings of all listed names in India's hydrocarbon value chain, from ONGC's wells to the cylinder in a CNG car, to answer three questions:

1. Where does the money actually flow?
2. Who carried the 2026 shock, and who got paid by it?
3. What are the growth triggers in each layer now?

[SOIC Research @ResearchSOIC]

And here are the growth triggers across the value chain

Source - @stockscansin

https://t.co/fzZi5cbRqz