Arun Attarde

[Arun Attarde @arunattarde]

@ramesh_vd What about current Valuation ?

[Arun Attarde @arunattarde]

@mayurjoshi999 Mulat muddha Patti marlacha NAHI tar konalahi na vicharta swatahach marli ha aahe.

[Arun Attarde @arunattarde]

@shramn_ You Jain worried about small incests but killing and duping people in business .build building and sold only to jains only.

[Arun Attarde @arunattarde]

@SunainaHoley प्रश्न पट्टीचा नाही , कोणाला विचारून पट्टी मारली , सार्वजनिक सेन्स आहे की नाही .

[Dinesh Joshi. @dineshjoshi70]

Habibi 😀

[Arun Attarde @arunattarde]

@vsvicky_ What about Wendt? your view

[Arun Attarde @arunattarde]

@Prakashplutus Thank you Sir

[Arun Attarde @arunattarde]

@stocksbyrishabh EXICOM

[Arun Attarde @arunattarde]

@InvestInMicro Yes very true .

[Investing @ Prakash @Prakashplutus]

Basic stock screener for new Investors /Freshers:

P E ratio < 25
P/BV < 4(X)
ICR > 4 (X )
ROCE > 13 %
YOY Sales growth > 10%
YOY profit growth > 10%
P+F+D > 75 %
DIIs stake > Previous Quarter
Retail shareholding < Previous previous quarter .

Note : once you get a list of stocks , now you can read concalls & Annual report .

After that you can decide your entry points based on technicals / Historical valuation support levels or Forward PE/PEG.

Exit based on charts/ valuations or combination of both .

It’s just a starting point , slowly you can add Free cash flow / Operating cash flow , Balance sheet analysis and forensic part of the research in your research / Investment process .

Don’t make it complex , when you are new .

@plutusadvisors
@preetiplutus

[Vaibhav Joshi @InvestWithJoshi]

Let's talk about Zaggle once again at ₹200 and ~₹2,700 Cr mcap and why i feel this is a great deal at this price.

Long post so hold your horses and like it if you find some value from this.

The stock has been absolutely hammered, so first let's understand what went wrong.

It all started with the QIP at ₹523.2/share during the peak of the bull market. Looking back, management was actually spot on in raising capital at those levels. They built a solid cash reserve and institutional ownership went up to ~23%.

Fast forward to today and FIIs have been exiting aggressively.

Not only did the holding percentage fall, but the number of FPIs holding Zaggle dropped from 74 to 52 in the March 2026 quarter. That means 22 foreign institutions completely exited.

DIIs also cut their stake from ~14% to ~7%.

Now the interesting part.

Who's still holding?

• Promoters increased stake from 44.13% to 44.29% through open market purchases

• Ashish Kacholia continues to hold 2.23%

• ValueQuest Scale Fund still holds 1.71%

So why isn't the selling getting absorbed?

From what I could gather, there are four major concerns.

1⃣Negative cash flows and low ROCE

2⃣Dice acquisition

3⃣AI fears

4⃣Management being everywhere on TV

Let's go one by one.

1. Cash Flows and ROCE -

Most people look at the numbers and conclude that Propel is the problem.

They're not entirely wrong.

Propel generates only ~₹45 Cr of net revenue while locking up a lot of working capital, which suppresses cash flows and ROCE.

The obvious question becomes:

Why not just shut it down?

Because that's where things get interesting.

Around 90% of spends on Propel happen through prepaid network cards. The economics from these card swipes are highly profitable, but accounting rules classify that revenue under Program Fees and not Propel revenue.

So if Zaggle shuts Propel, they don't magically become a cash rich business overnight.

They end up killing the engine that drives a huge chunk of Program Fees revenue.

Propel is basically the entry gate into the ecosystem.

A company comes for rewards management, gets deeply integrated into the platform and then Zaggle starts cross selling products like Zoyer and Save.

What most people miss is that cash isn't permanently stuck.

It's largely a timing issue.

Unlike businesses where receivables are trapped for years, Zaggle gets its money back in roughly 60 days.

And here's the beauty.

As growth slows down and the business matures, cash flow automatically improves.

At a 6% margin, the business can sustain roughly 45% annual growth without creating incremental cash stress.

At a 7% margin, that number moves closer to 55%.

So when Propel eventually matures, cash flow positivity should naturally follow.

Mere hisaab se this concern is a lot bigger on paper than it is in reality.

2. Dice Acquisition

Initially, the acquisition was supposed to happen at ₹123 Cr.

That looked expensive.

Eventually, they got it done at ₹68 Cr.

What did they actually buy?

The codebase.

The customers.

The engineering talent.

As someone working in tech, I can tell you one thing.

People massively underestimate the cost of building software from scratch.

The cost isn't just salaries.

It's failed iterations, delays, bugs, hiring mistakes and execution risk.

The market's bigger concern is the additional engineering workforce impacting margins.

My rough estimate is that the net employee addition is around 50 people.

Even at ₹20L average CTC, we're talking about ~₹10 Cr annual cost.

That's roughly a 40 to 50 bps drag on margins in worse case.

Nothing dramatic.

And if Dice revenues continue growing, even that drag could largely disappear.

Again, not thesis breaking.

3. AI Will Disrupt SaaS

We've been hearing this for years now.

Meanwhile software companies across the US continue to grow.

AI will change workflows.

AI will change how software is built.

But AI killing SaaS altogether doesn't seem to be playing out.

Not losing sleep over this one.

4. Management on TV

I know many investors dislike this.

Personally, I think this is a relatively new management team trying to defend the narrative around the company.

Would I worry if promoters were selling while giving interviews every week?

Absolutely.

But promoters are actually buying from the market.

So for now, I don't consider this a major red flag.

Now let's look at the numbers.

FY26:

Revenue ₹1,908 Cr

EBITDA ₹185 Cr

PAT ₹139 Cr

Management is guiding for roughly 40% revenue growth.

Since they haven't missed revenue guidance post listing, let's assume they deliver.

FY27 could look something like:

Revenue ~₹2,700 Cr

Even if margins contract by ~30 bps,

EBITDA margin ~9.4%

EBITDA ~₹253 Cr

PAT ~₹184 Cr

At the current market cap, FY27 PE comes to roughly 14x.

PEG comes to around 0.4.

That's honestly quite attractive.

And once Dice integration is behind them, operating leverage should start kicking in from FY28 onwards 🚀

Can the market disagree?

Of course.

Can the stock remain cheap for longer?

Absolutely.

But at ₹200, the risk reward looks significantly better than it did at ₹523.

One last thing.

Whenever a stock falls, people immediately say FIIs and DIIs sold, kuch toh soch samajh ke hi becha hoga.

Maybe.

But if they were always right, would they have participated in the ₹523 QIP in the first place?

That answer, I'll leave to you.

[CMA Gurvinder Malhotra @cmagurvinder]

Company worth studying with huge capex over the last 3 years

Increase in Net Block + CWIP more than 5x

1. Antelopus Selan 50x
2. Sky Gold and Diamond 41x
3. E2E Network 37x
4. Senores Pharma 28x
5. Lloyd Metals 23x
6. Balu Forge 18x
7. Latent View 17x
8. Dynacons Systems and Solutions 14x
9. Exicom Tele Systems 11x
10. Sasken Technologies 9x
11. Venus Pipes 9x
12. Dharmaj Crop 8x

Disclaimer : No Buy/Sell recommendations.

SEBI Registration INH000017480

[PD 🇮🇳 @dhuperji]

TOP 10 Monthly breakouts.

1. Universal Cables Ltd
2.Wockhardt Ltd
3. Sportking India Ltd
4. NGL Fine Chem Ltd
5. HFCL Ltd
6. Diamond Power Infrastructure Ltd
7. Siemens Energy
8. E2E Networks Ltd
9. NLC India Ltd
10. Bajaj Consumer Care Ltd

1. Universal Cables #UNIVCABLES

[Arun Attarde @arunattarde]

@Dev_Fadnavis @narendramodi @HardeepSPuri
Why not giving permission to Balaji Amines DME Project for commercial use? it's in Nation interest .
https://t.co/MhkIgEvIUA

[Arun Attarde @arunattarde]

@WarMonitorINTL Venezuela

[Ginger Investor @GingerInvest44]

🔥 30 Dhurandhar Management Guidance Stocks

- Deep Industries – 30–35% growth for FY27 and FY28
- Zinka Logistics – 30%+ growth for next couple of years
Sky Gold & Diamonds – 30–35% growth for next 4 years
Sarda Energy – 20%+ growth for next 3 years
- Atlanta Electricals – 40%+ growth for next 2 years
- Gravita Ltd – 35% growth for next 4 years
Anand Rathi Wealth – 25% growth for next few years
- Zen Technologies – 50%+ growth for next 2 years
- Frontier Springs – 30%+ growth for next couple of years
- Genus Power – 33%+ growth for FY27
- Macfos Ltd – 40%+ growth for next 2–3 years
- Azad Engineering – 25–30% growth for next few years
- KEI Industries – 20%+ growth for next 3–5 years
- Va Tech Wabag – 20%+ growth for next 3–4 years
- Epack Prefab Tech – 20%+ growth for next couple of years
- Pondy Oxides & Chemicals – 20%+ growth for next 4 years
- Namo eWaste – 40–50% growth for next 2 years
- Baheti Recycling – 30–35% growth for next 2 years
- Sunlite Recycling – 20%+ growth for next 3–4 years
- Tinna Rubber & Infrastructure – 25%+ growth for next 2 years
- Antony Waste Handling Cell – 20%+ growth for next few years
- Shilchar Technologies – 20%+ growth for next 2–3 years
- Krishna Defence – 30–40% growth for next few years
- Airfloa Rail Technology – 50% growth for next 2 years
- Supreme Power Equipment – 50% growth for next 2 years
- Danish Power – 20–25% growth for next 3 years
- BLS International + – 20–25% growth for next 5 years
- TARIL– 40%+ growth for next 3 years
- Acutaas Chemicals – 25%+ growth for next 3 years
- Neogen Chemicals – 40%+ growth for next 3–4 years

Any on your radar?

[Arun Attarde @arunattarde]

@AstroSharmistha @waghkunal742 @PankajjKashyapp Translate by AI to Hindi.

[Arun Attarde @arunattarde]

@BasantBaheti3 ARUN ATTARDE , MUMBAI

[Arun Attarde @arunattarde]

@vivbajaj Wendt

[Stock Market Scientist™ @MarketScientist]

Pharma is next IT in making

Already said in Feb'2023

Saying again in April’2026

Index can do 33/37K+✌️

⌚Time frame 5-7years

🎯 Pick high growth segments
💡Look for players in Chronic Disease &amp; Weight Management

Give us 150 Reposts we will conduct a free webinar soon🙏