Xponent Tribe

SEBI-registered PMS
Registration number: INP000008516
Nothing we post here is Investment Advice

[Xponent Tribe @XponentTribe]

@1hangover_pk @kshayjogani Thank you. Glad you liked it.

[Pradip Kumbhani @1hangover_pk]

@XponentTribe
Q4FY26 Insights Letter provide fabulous understanding of Data Center theme and entire value chain.
I think no one in Indian stock market circle has given this types of in-depth details for free.
I can't thank enough.
Thanks to Akshaybhai & Sagarbhai
@kshayjogani

[Xponent Tribe @XponentTribe]

In our Q4FY26 letter, we wrote about why transformers are in short supply, and which are the key constraints in this value chain.

[Gaurab Chakrabarti @Gaurab]

Half of America's AI data centers planned for 2026 are delayed or cancelled. They're waiting on transformers. I build chemical plants. Transformer prices have tripled in the last four years. Lead times are 2 to 4 years. Each new plant we build competes with AI data centers for the same grid equipment. Every large power transformer in America runs on grain-oriented electrical steel. It's made by rolling iron and silicon together until their crystals align in one direction. No other alloy works at utility scale and only one US company makes it: Cleveland-Cliffs. The average large power transformer on the grid is 38 years old. Service life is 40. Amazon, Google, Meta, and Microsoft committed $650 billion to AI infrastructure this year. Nvidia's most expensive GPU is useless without a transformer.

[Xponent Tribe @XponentTribe]

Producivity gains already achieved are so vast, that it is hard to imagine the how we will compete in a post-AI world.

[Xponent Tribe @XponentTribe]

Our cofounder Sagar Arya dives into the tremendous shift underway in the aerospace industry in this riveting conversation with @ishmohit1 @soicfinance

[ᴜᴅᴀʏᴀɴᴛ ᴛᴏʙʏ ᴍᴀʟʜᴏᴜᴛʀᴀ 🇮🇳✨️ @UTobyM]

With Western supply chains struggling and a global backlog of 17,000+ aircraft, India is emerging as the next manufacturing hub.
​In this video, @soicfinance deep dives into the value chain, astutely focusing on key players including @DynamaticTech.
https://t.co/MttFHL2bLe

[Xponent Tribe @XponentTribe]

If you are interested in understanding:
• Why aerospace capacity is constrained
• Why India’s role is structurally changing
• How value is created over decades, not quarters

Our latest quarterly letter is worth your time. See it here on the link.

https://t.co/AMLA2co9po

[Xponent Tribe @XponentTribe]

Global commercial aerospace demand is strong.
Yet aircraft deliveries remain below pre-COVID levels.

Problem? Capacity.

In our latest letter, we explain why the aerospace supply chain is structurally constrained, and why India is emerging as part of the solution. 🧵

[Xponent Tribe @XponentTribe]

We also outline how we evaluate aerospace companies:

• Component complexity
• Vertical integration
• On-time-in-full delivery
• Exposure to newer programs
• Balance sheet strength
Not all aerospace exposure is created equal.

[Xponent Tribe @XponentTribe]

@RahulRao_1992 Sure. Sharing the link to our letters. This one is the latest Q2FY26.

https://t.co/AMLA2coHeW

[Xponent Tribe @XponentTribe]

Drone & Counter-Drone Revolution
From importing jets to designing indigenous drones, the economics of war are being rewritten.

In our latest deep-dive w/ @RahulRao_1992 , we break down India's $10-15B drone & counter-drone opportunity.

Watch here: https://t.co/Lkrtp7RsoY

[Dhruv Bajaj @dhruvbajaj184]

Xponent tribe came out with another masterclass..this time, its in on mental models to navigate the complexities of mkt-
- Understanding why humans are primed to fail without strong foundation
- Why PF decisions> stock picking
- Mental models to incorporate in our framework👇

[First Principles Investing @RahulRao_1992]

If you’re looking to understand LGDs and what’s happening in the industry, @kshayjogani is your guy.

Thanks for doing this Akshay. Thoroughly enjoyed the chat !

[Xponent Tribe @XponentTribe]

🚀 Hiring @ Xponent Tribe

Curious, independent-minded, & passionate about Indian equities? We want you!

We're hiring an Analyst (0–5 yrs exp) in Mumbai. Work closely with founders & contribute to a research-driven investment process.

Apply here 👉
https://t.co/NNJeQ33N3g