ROHAN EDHATE

•Investor | TechnoFunda
•Helping investors catch earnings-surprise stocks early
•Get my Premium Strategy

[ROHAN EDHATE @TheFitNiveshak]

🚨 Result Season is Here! 🚨

Don’t Miss the Bus

Quarterly results are rolling in — and this is when smart money moves first.
Want to catch earnings stocks before they take off?

📘 Get my Quarterly Results Strategy PDF — your complete Technofunda Framework to identify potential multi-baggers early.

✅ Proven checklist to find hidden gems
✅ Exact buy, risk & exit strategy
✅ Real Indian market case studies
✅ Time-tested & beginner-friendly

All this… for just ₹99 only! 🪙

https://t.co/UMJLo7ONpz

[𝕮𝖍𝖎𝖗𝖆𝖌 𝕯𝖆𝖘𝖍 @chiragdashj]

FIFA World Cup added $2.5mn this quarter to Rategain numbers. That's only 3% of Total consolidated Sales😃 #rategain

[Nitin Verma @itsnitinverma]

Class results ✅🎉🎉🥰

Styrenix Performance Materials
#Styrenix

[Nandan @_HealthZwealth]

Sona Comstar

One of India’s top quality companies in stock market..

On one hand - Almost no returns for 5 years.

On the other - Almost Doubled in the last 6 months ( for new investors )

My learnings: A great company doesn’t always make a great investment.

Entry price always matters.

[Shiladitya @shiladitya4u]

Sterlite Tech: Acquistion of shares by promters

I'm really surprised by this - promoters buying shares at such elevated prices !! Not a huge amount but still..
😇😇😇

Not an investment advice, do your own research before investing.

[Abhijeet Dipke @abhijeet_dipke]

Will PM Modi seek forgiveness for the brutal lathi-charge on students?

[Nandan @_HealthZwealth]

We may be the first Indian automotive company to receive royalty income from one of the global mobility technology companies.

- From Sona Coms Concall

[Think4Tomorrow ®️ @PulkitA30298377]

Balamines mangement to NDTV

Yes Its true external headwinds (such as logistics disruptions and raw material price movements tied to West Asia), but our internal cost controls and higher realizations from specialty chemicals continue to buffer margins.

I will do 3000 cr in FY 27 and again come to your channel 🔥🔥🔥

[Umashankar Singh उमाशंकर सिंह @umashankarsingh]

नितिन गडकरी अब
(ऑन 27.06.2026)
“पेट्रोल में इथेनॉल मिलाने से मेरा कोई लेना देना नहीं”

नितिन गडकरी तब
(ऑन 14.06.2026)
“मेरे लिए आज ख़ुशी का दिन है कि कल रात 8 PM बजे, मैंने 100% इथेनॉल के इस्तेमाल को क़ानूनी तौर पर मंज़ूरी देने के लिए नियमों को फ़ाइनल करते हुए फ़ाइल पर साइन किए…”

माउंटेन ड्यू ऐड : डर सबको लगता है, गला सबका सूखता है

Video Courtesy @ANI

[Maharashtra Congress @INCMaharashtra]

हे शक्य आहे काय…???

भाजप नगरसेवकाच्या मुलांना
बारावी PCM मध्ये 56% आणि 51%
तर JEE मध्ये 51% आणि 28% .
MH CET मध्ये मात्र 99 पर्सेंटाइल.

हा घोटाळाच आहे,
फडणवीसांनी विद्यार्थ्यांच्या भविष्याचा खेळ मांडलाय?

[Bolta Hindustan @BoltaHindustan]

Gen Z की जीत पर ध्रुव राठी ने नितिन गडकरी को दी चेतावनी

" एथेनॉल वाले बाबा, अभी से संभल जाओ "

[Intrinsic Compounding @soicfinance]

Apar has received approvals from META, Microsoft, & Google for the supply of DC Cables

Interesting concall snippet below

[Sekhar @LearningEleven]

If Venus Remedies conducts a concall now, based on how attractive it is at FY27 valuations, the stock might have doubled on valuation re-rating alone!

At some stage, the management needs to become more minority shareholder-friendly.

[ROHAN EDHATE @TheFitNiveshak]

@unseenvalue The real question isn’t whether the three engines work—it’s whether the pilot can allocate the next rupee rationally, without letting ambition, sunk costs or control override returns on capital. Great businesses need good engines; great investments need disciplined pilots.

[ROHAN EDHATE @TheFitNiveshak]

@unseenvalue The three people in the cockpit represent three very different capital-allocation mindsets. One is aggressively betting on scale and accepting leverage, another is investing today hoping for returns tomorrow, while the third is financially independent and quietly compounding cash

[Meet Shah @MeetshahV]

Good time to revisit this old gem & rare video of Rajiv Khannaji (Dolly Khanna). Must Watch. Sharp Mind full of optimism & energy.

https://t.co/pdHUyg6PMh

[EngiNerd. @mainbhiengineer]

This interview of Nitin Gadkari is Rahul Gandhi Arnab moment of BJP.

Man looked completely clueless, question was something else but kept answering about some else. Imagine If even 50% of our mainstream media starts questioning our ministers like this..

[Yatin Mota @yatinmota]

UBS new report on Car Trade

Stock is up 54% in last 3 months already !!

UBS target 4000 on the stock

[ROHAN EDHATE @TheFitNiveshak]

@MSEDCL Very pathetic service from MSEDCL. From 5AM no power. No one is here to attend the issue.

[BiswaJit- The Investor 8 @DasRadhye]

#Timex

Patek philippe aquanaut

First 5 min apna sar khujaya and then i smiled .
what the smart move they are doing .

[Sekhar @LearningEleven]

Timepass talk on Sunday

1. Timex Group India

Financial Year 2025-26 marked a structural turning point for Timex Group, ending as a milestone year that fundamentally transformed the company's scale and profitability profile. Total revenue surged 48% year-on-year to ₹800 crore.

The growth was driven by a decisive shift toward premiumization. The core Timex brand expanded 62%, fashion powerhouse Guess grew 51%, and luxury anchor Versace delivered 48% growth. At the same time, e-commerce and quick commerce channels recorded a phenomenal 90% increase, highlighting the strength of the company's omnichannel strategy.

More importantly, profitability significantly outpaced revenue growth as operating leverage began to play out.

What makes this performance particularly noteworthy is that it was not driven by a single exceptional quarter. Revenue growth remained consistently strong throughout the year, with Q1 growing 55% YoY, Q2 40%, Q3 26%, and Q4 an impressive 74% YoY.

The company's sales strategy appears to be creating a sustainable high-growth trajectory. Historically, Q2 has been the strongest quarter due to festive-season bookings, while the remaining quarters were relatively subdued. This year, however, Q4 revenue reached almost 96% of Q2 levels, indicating a far more balanced and resilient demand profile across the year.

What to Expect in FY27 and FY28?

Management is positioning the company to enter the ₹1,100-1200-crore revenue club, targeting a base-case growth rate of 35-40%. This expansion will be supported by a significant increase in local manufacturing capacity, which is expected to rise from 6 million units to 10 million units annually.

While the company continues to prioritize growth, EBITDA margins are expected to stabilize in the 15–16% range. Additionally, employee expenses and administrative overheads appear to have largely normalized, creating the potential for substantial operating leverage as revenues continue to scale.

2. Creative Graphics

FY26 Review - While consolidated revenue grew by 37%, net profit declined from ₹20.77 crores in FY25 to ₹18.67 crores in FY26 due to couple of primary headwinds:

Front-Loaded Expansion Expenses: The company launched multiple new initiatives simultaneously, commercializing a Flexo factory in Bangalore, expanding in Oman, launching a PVC/PVDC product line, and setting up a new 20,000 MT Alu Alu factory. The operational expenses, salesforce boosting, and pre-operative costs for these expansions were fully absorbed in FY26, while the top-line accruals will only materialize in the next financial year

The Double Whammy: Ships importing raw materials (primarily from Korea and Thailand) faced 20-to-25-day delays and heavy port clogging in India. Because Creative Graphics had built a massive order book in anticipation of its new capacity, they had to honor fixed-price contracts by rushing to buy missing ingredients domestically at highly inflated spot prices.

Margin Hit: Aluminum (which accounts for 50% of raw materials in the pharma packaging division), PVC, and nylon derivatives experienced "crazy" price hikes. This mismatched fulfillment cycle alone wiped out an estimated ₹5 crores from gross margins in H2.

What Can Be Expected From FY27?

Alu Alu Expansion: The new 12,000 MT Alu Alu facility is currently wrapping up final trials and customer validation. It is expected to begin generating commercial revenue ahead of its original September timeline.

PVC/PVDC & Tandem Lines: Following minor sampling revenue in H2 FY26, the company is targeting a 25% utilization rate for the PVC/PVDC plant in FY27.

Oman Flexo Facility: Delayed due to war-related manpower and supply challenges, this facility is on track to commercialize in Q2 FY27.

Price Pass-Throughs: Company has successfully implemented robust price hikes to match currency fluctuations and higher input costs (e.g., selling prices of Alu Alu foils normalized from ₹400 up to ₹550, a >30% bump).

Aggressive Export Push: After securing its first breakthrough export order in February, the company entered FY27 with an order book exceeding 100 metric tons of export commitments. Management expects exports to represent at least 20% of the Alu Alu business mix in FY27, which will yield much higher financial realizations and profit margins.

3. Neetu Yoshi

Neetu Yoshi is primarily an engineering and manufacturing company dedicated to the Indian Railways and private railway ecosystems. They manufacture critical safety-grade components (Class A components), assemblies, and sub-assemblies across Wagon & Coach Components (Bogies, couplers, yoke supports, and sub-assemblies for wagons, locomotives, and passenger coaches) and manufacture Turnouts and sub-assemblies used in track infrastructure.

Company has hit century mark in revenue with 25% PAT margins. The company utilized ₹50 crores of IPO proceeds to complete a new bogie manufacturing facility. They successfully secured multiple RDSO approvals throughout the year, taking their total certified product count to 25. Furthermore, they have a pipeline of 15 to 20 new products currently awaiting RDSO/railway zone approval, which are expected to roll out over the next 3 to 7 months.

How are they doing 25% PAT margins?
Neetu Yoshi was incorporated in January 2020. Because it was set up as a new manufacturing entity within the central government’s designated window (between 2019 and 2024), it qualified for the highly favorable Section 115BAB of the Income Tax Act.

Neetu Yoshi’s Tax Rate: Approximately 17.5% (comprising a 15% base corporate tax plus a 2.5% surcharge and cess).

Competitor/Peer Tax Rate: Standard peers generally pay around 25%.

Unlike historical regional tax holidays that come with a strict 5 or 10-year sunset clause, the Section 115BAB concession remains active for the lifespan of the company, provided it continues to maintain its status as a qualified manufacturing entity under current tax laws. This creates a permanent gap in cash outflow requirements relative to older competitors.

Management has provided a revised revenue guidance of ₹210 to ₹220 crores for FY27, essentially doubling its top line. They expect to sustain their 25% PAT margins. Revenue generation is expected to skew higher towards H2 FY27 compared to H1, as new production lines progressively ramp up.

The newly constructed bogie plant (capable of making components under 1,000 kg) goes operationally live in June 2026, with the first commercial invoices set to be raised in the same month. RDSO certification for this specific new plant is anticipated by July 2026.

No heavy capital expenditure is budgeted for FY27; the focus will purely be on harvesting the investments planted in FY26.

Biggest anti-thesis: B2G companies may face headwinds in FY27 due to fiscal deficit constraints, which could lead to slower government spending and delays in project awards and execution.

4. Knowledge Marine & Engineering Works

KMEW is engaged in providing dredging services, owning and operating marine craft, and repairing, maintaining and refitting marine crafts and marine infrastructure.

FY26: Revenue grew from ₹201 crores in FY25 to ₹256 crores with 38% EBITDA margins and 31% PAT margins. After three consecutive quarters of 40% plus EBITDA margins, Q4 EBITDA margin dipped to 27% as expenses were booked, but revenue of ~₹60 crores from two projects was deferred to Q1 FY27.

Q1FY27 revenue is expected to be > ₹100 crores and EBITDA margins cross 40%.

The company has an order book of ~₹1,400 crores and has an active bid pipeline of ₹2,000 crores. Operations in Bahrain and Myanmar are currently suspended due to regional instability, with assets redeployed in India.

Company has acquired 15 acres of land to develop a shipyard for backward integration. The new yard will construct vessels up to 120 meters and is expected to build 14 vessels per year once fully functional. Company is expected to incur capex of ₹400-500 crores in FY27.

Company is guiding for 30% growth in FY27 and FY28 with 35% to 40% EBITDA margins.

5. Triveni Power Transmission Limited

Triveni Engineering’s Power Transmission Business (PTB), focused on high-speed gears, industrial gearboxes, and defense propulsion systems, is arguably one of the hidden gems within Triveni Engineering & Industries.

The business is expected to be listed before the end of August 2026. The NCLT has already approved the demerger, and the record date is likely to be announced by the end of this month, give or take a few days.

With EBITDA margins of around 35%, a strong and diversified customer base, a sticky business model supported by a growing aftermarket segment, and a dedicated multi-modal defense manufacturing facility, PTB appears well-positioned for the next phase of growth. Capacity expansion is currently underway, with the potential to take revenues from FY26 levels of ₹340 crore to a peak capacity of around ₹700 crore over time.

The company has also secured a significant breakthrough order in the defense segment recently, further strengthening its growth visibility.

Another interesting aspect is its Swiss subsidiary, which could emerge as a wildcard. Located in Schaffhausen, Switzerland, a renowned precision engineering and industrial manufacturing hub bordering Germany, it provides PTB with proximity to several leading European OEMs and strategic access to key export markets.

The aftermarket business continues to gain importance. Its contribution to overall gear revenues increased to 40% in FY26, compared to a historical average of just over 30%. Triveni's turnaround time for standard aftermarket solutions is typically 2-3 months, versus an estimated 12 months for some global competitors. To further strengthen this advantage, the company has commissioned a dedicated aftermarket facility in Mysore aimed at improving execution speed and reducing delivery timelines for international customers.

Overall, PTB appears to be entering an interesting phase with multiple growth levers in place. It is certainly a business worth keeping on the watchlist once the standalone listing takes place.

That's all for this edition. Have a great Sunday!

Disclaimer: None or buy or sell recommendations. This publicly available information is shared for learning and education purposes.