Prince Choudhary | TiltQuest

Equity Research Analyst @PincWealth | Focusing on Technical and Fundamentals | NISM Certified Research Analyst |

[Manish Lalwani @manishlalwani9]

Q-Line Biotech SME IPO opens today.

I recently visited their Lucknow manufacturing facility and spent time understanding the business, management and industry dynamics first-hand.

Some notes & observations from the ground 👇(1/10)

[Prince Choudhary | TiltQuest @TiltQuest]

@Manoj_Lade Hi Manoj
Do reach out to us at 9920066633

[Prince Choudhary | TiltQuest @TiltQuest]

@ThinkWithSaurav @ishmohit1 Great!
I have the same thesis.

[Prince Choudhary | TiltQuest @TiltQuest]

Renaissance Global Management Meet Notes

@MrFinterest

[Divyansh Thakur @divyans86979806]

Thank you for your attention to the matter.

As i said be rational when the market is irrational. Silver is back to it's iNAV.

@TiltQuest

[PINC Wealth @PincWealth]

This Diwali, let your investments shine as bright as your celebrations!

We’re lighting up this Diwali with a special 35% OFF on our Smallcase portfolios.

Code: DIWALI35
Validity: Till 31st October 2025

Link: https://t.co/urFFZa4BuA

⁦@nid_rockz⁩ ⁦@TiltQuest⁩

[Shreenidhi P @nid_rockz]

SolarWorld Energy Solutions
#SolarWorld

FY26E:
Rev of 1500-1600cr with PAT margins of 11-13%

Guidance:
Current order book is approximately 2,500 crores.
Execution timeline is typically 12-18 months

The company is targeting to execute about 60% of the order book (roughly 1,500 crores) in FY26

Margin Expectations:
While FY25 PAT margins were high (15-16%), the sustainable industry standard for EPC projects is typically 10% to 11%.
Management expects margins to improve as backward integration becomes operational.

Executed and Current Projects: As of July 31, 2025, Solar World had executed 46 solar projects (aggregating 253 MW AC / 340 MW DC).
Currently, they are executing projects totalling approximately 765 MW AC and 994 MW DC for solar EPC, as well as around 650 MWh in BESS.

The Rurki facility's 1.2 GW topcon solar module line commenced operations in August 2025 and is now fully functional. The company intends to utilise 70% to 80% of this capacity internally to support the EPC business.

Upcoming Capacity Expansion:
BESS Line: A 3.4 GW-hour lithium-ion cell-to-battery pack assembly line is expected to be operational by January 2026.

Junction Box Line:
Expected to be operational by the end of FY26

Solar Cell Line: A 1.2 GW solar cell manufacturing line at Kandorna is targeted to be operational between December 2026 and March 2027.

Prepared by @TiltQuest

[Prince Choudhary | TiltQuest @TiltQuest]

@Raoan282782 They will look for EPC work in the Data Centre.

[Prince Choudhary | TiltQuest @TiltQuest]

WAAREE RENEWABLES Q2FY26 CONCALL HIGHLIGHTS

CHALLENGES:
1. Maintaining margins in a competitive environment.
2. Supply Chain challenges regarding the procurement of Modules (Extension of ALMM)
#waareerenewables

[Prince Choudhary | TiltQuest @TiltQuest]

@ujwal_kr 🙏🏻

[Prince Choudhary | TiltQuest @TiltQuest]

@Shauryayadav__ True...

[Prince Choudhary | TiltQuest @TiltQuest]

@divyans86979806 Correct

[Prince Choudhary | TiltQuest @TiltQuest]

Food Delivery giants, Q-commerce and logistics services providers can face margin pressure due to a shift in GST Liability.

As the GST Council has clarified, the local delivery services will now be taxed at 18% GST to e-commerce operators from unregistered gig-workers.

[PINC Wealth @PincWealth]

Patience often outperforms constant activity in investing.

In this video, we share why our smallcases aren’t rebalanced too frequently and how staying disciplined can help investors benefit from the bigger picture.

@nid_rockz @TiltQuest

#PINCWealth #PINCFamily

[Prince Choudhary | TiltQuest @TiltQuest]

In Aug, the Indian Pharmaceutical Market grew by 8.7% to 20,984 Cr with a modest volume growth of 1.2%.

Growth led by?

Cardiac segments which grew by 13.2%, Anti-diabetics by 9.4% and Anti-Neoplastics by 19.7%

[The Indian Investor @Anvith_]

📲 India’s Semiconductor Bets – Hidden Compounders

Semicon isn’t just fabs. Its design, OSAT, specialty chemicals, packaging & infra. Here’s how India’s emerging midcaps are positioning 👇

🔖 Bookmark & Repost 🧵

🔹 Capex Heavyweights – Fab & OSAT

▪️ CG Power – ₹7,600 Cr Chip Facility; transformer capacity up from 20k → 85k MVA
▪️ Kaynes Tech – ₹3,400 Cr OSAT; guiding 65% topline growth with operating leverage
▪️ Archean Chemical Industries – ₹2,067 Cr SiC fab; can clock ₹500 Cr PAT by FY30
▪️ RIR Power – India’s 1st SiC fab in Odisha; targeting ₹250 Cr PAT by FY30

👉 India’s fab dreams need execution + policy support. If successful, rerating potential is huge.

🔹 Chemicals & Inputs – The Backbone

▪️ Acutaas Chemicals – JV in Korea for semiconductor chemicals; FY26 topline growth 25% + 100bps margin expansion
▪️ Jubilant Ingrevia – 12+ semicon opportunities; ₹6,500 Cr revenue by FY27

👉 Specialty chem cos are the most scalable + margin-rich suppliers in the ecosystem.

🔹 Design & Packaging – IP Creation

▪️ Moschip – Semiconductor design, IP & turnkey; compounded profit growth 73% in 3 yrs
▪️ IZMO – System-in-Package semiconductor packaging; 25–30% topline CAGR, 35–40% OPM by FY26
▪️ Axiscades – Design, dev, testing for semiconductors; guiding 33–35% PAT CAGR till FY30
▪️ Spel Semiconductor - Wafer sort, assembly, test and drop-shipment services of IC chips
▪️ Sasken Technologies - chip-to-cognition R&D services to global leaders in Semiconductor industries
▪️ RRP Semiconductor - Semiconductor & digital chips
▪️ Cyient - Subsidiary, Cyient Semiconductors, which offers end-to-end custom ASIC development and semiconductor design services.

👉 India’s cost advantage in chip design & OSAT packaging is a structural rerating theme.

🔹 Engineering & Infrastructure – Enablers

▪️ ASM Tech – India’s 1st semiconductor equipment mfg facility; Mukul Agrawal owns 11.7% stake
▪️ Inox India – Ultra-high purity ammonia ISO containers; 20% topline CAGR with faster EBITDA growth
▪️ Unimech Aerospace – Large semicon-linked order inflows; 35–40% growth guided for FY26
▪️ Stallion India – Semiconductor & specialty gas facility at Khalapur; ₹2,500 Cr topline by 2030 with 18% PAT margins
▪️ MIC Electronics - Announced a strategic move to enter the semiconductor sector by seeking to acquire Singapore's Neo Semi.

👉 Picks & shovels play = infra enablers of India’s semicon ambition.

📲 Semiconductor Investments Approved By India

1️⃣ Micron Tech - Rs 22,516 Cr - Sanand, Gujarat.
2️⃣ Tata & Powerchip - Rs 91,000 Cr- Dholera, Gujarat.
3️⃣ Tata Electronics - Rs 27,000 Cr-Morigaon, Assam.
4️⃣ CG Power, Renesas, Stars - Rs 7,600 Cr - Sanand, Gujarat.
5️⃣ Kaynes Semicon - Rs 3,300 Cr - Sanand, Gujarat.
6️⃣ HCL, Foxconn JV - Rs 3,706 Cr - Jewar, Uttar Pradesh.
7️⃣ SiCSem - Rs 2,066 Cr - Odisha
8️⃣ HIPSPL - Rs 1,943 Cr - Odisha
9️⃣ ASIPRs - 468 Cr- Andhra Pradesh
🔟 CDIL - Rs 117 Cr-Mohali, Punjab.

💭 Are you holding or tracking any of these semiconductor companies?

🚫 No Recommendation.

#SEMICONDUCTOR #semiconindia @deepak4748 #MakeInIndia #ViksitBharat #Nifty @KhapreVishal @Alchemist1320

[Prince Choudhary | TiltQuest @TiltQuest]

ASHAPURA MINECHEM's first-ever Concall--

Highlights from Q1FY26 CONCALL

#ASHAPURAMINE
#ASHAPURAMINECHEM

[Prince Choudhary | TiltQuest @TiltQuest]

One should definitely read.
Great insights...

[Divyansh Thakur @divyans86979806]

Below is a Thread from a interview by Chandrakant Sampath (The guru of Rakesh Jhunjhunwala (RJ) and Radhakishan Damani (RK Damani).) with Chetan Parikh

More thread to be followed :-

A must read thread

[Prince Choudhary | TiltQuest @TiltQuest]

JSW ENERGY has increased its generation capacity guidance from 20 GW to 30 GW by FY 2030.