Darshan Malde

[The Indian Matrix @indianmatrix]

How much of India’s Railways was developed after 2014?

• 100% of Dedicated Freight Corridors
• 100% of Rapid Rail System
• 100% of Premium Stations
• 97.4% of Bio-Toilets
• 87% of LHB Coach Production Capacity
• 69% of Railway Electrification
• 67% of Railway Safety Budget
• 66% of Locomotive Production Capacity

Railway infrastructure is built over decades.
But some decades build more than others.

[Darshan Malde @darshan_malde]

Equity valuation Index

[Darshan Malde @darshan_malde]

#FY27Q1Results

[The Indian Matrix @indianmatrix]

India’s banking clean-up has a clear before-and-after story.

As former RBI Governor Raghuram Rajan noted, “a larger number of bad loans were originated in the period 2006–2008,” with too many loans going to “well-connected promoters” with a history of defaults.

The 2015 Asset Quality Review exposed previously hidden stress, while the Insolvency and Bankruptcy Code introduced a time-bound resolution framework. Recapitalisation, recoveries and wider banking-sector reforms further strengthened bank balance sheets.

The result: gross NPAs have fallen from a peak of 11.18% to just 1.80% in March 2026, the lowest level in recorded history.

[Darshan Malde @darshan_malde]

#Q1FY27Results

[Darshan Malde @darshan_malde]

CE info concall outcomes

[The Indian Matrix @indianmatrix]

How much of India's infrastructure was built after 2014?

• 100% of Dedicated Freight Corridors
• 98% of Solar Capacity
• 85% of the Expressway Network
• 79% of Tap Water Access
• 75% of Metro Rail
• 71% of Port Capacity
• 69% of Railway Electrification
• 60% of 4-Lane National Highways

Infrastructure is built over decades.
But some decades build more than others.

[Darshan Malde @darshan_malde]

BSE Q1FY 27 Results

[Darshan Malde @darshan_malde]

India leads all featured emerging markets with a top score of 82.2, supported by strong GDP growth (7.8%) and top-tier manufacturing activity, while China and Vietnam closely follow in second and third place.

[Darshan Malde @darshan_malde]

#corporateactions

[Darshan Malde @darshan_malde]

#Offshore

[Darshan Malde @darshan_malde]

#IIP

[Darshan Malde @darshan_malde]

Ultratech from ICICI Direct

[Darshan Malde @darshan_malde]

#MazdockIPO