GP

Engineer, Investor, Cricket and music lover.

[Shivam @ShivamMish78313]

Searching for poverty porn in anything and everything is an Indian trait.

[Midjourney @midjourney]

Announcing a new division of Midjourney called "Midjourney Medical"

[Suresh K @SureshKBN]

I was here from 2010.

Life was cool when I was not known, or when I had less than 500 followers.

I started posting more after quitting my job three years back, and even more after my knee ACL surgery.

I did every mistake a new investor does.

You name it, I might have done it.

Bought stocks from Moneycontrol discussion boards 20 years ago without understanding the business or risks.

After some initial success, got false confidence, took a ₹2 lakh personal loan, invested it, and burned almost everything.

Averaged down thinking price has to come back.

Bought penny stocks and low market-cap names thinking they will rise fast.

Followed TV recommendations.

Every stupid mistake a beginner investor makes, I have done it.

In Telugu there is a line:

“Bhogi kaanivaadu Yogi kaaledu.”

One who has not gone through indulgence, mistakes, burns and temptations cannot become wise like a yogi.

So when I say something today, it is not theory.

It is burn marks speaking.

--------
Other mistakes I did as a new investor:

Buying just because the stock had fallen 50%, thinking it had become cheap.

Confusing low price with cheap valuation ₹10 stock looked cheaper than ₹1,000 stock.

Looking only at profits, not cash flow, debt, pledging, dilution or promoter quality.

Selling winners too early and holding losers forever.

Thinking every operator-driven move is “smart money accumulation.”

Believing every turnaround story without checking whether the balance sheet can survive.

Buying because some big investor entered, without understanding their time horizon or position size.

Taking allocation too big in stocks I did not understand properly.

Not respecting liquidity — easy to enter, impossible to exit.

Getting emotionally attached to stocks and defending them like family members.

Mistaking bull market luck for personal skill.

Thinking more information means better decision-making.

Watching price every day but not watching business progress.

Ignoring opportunity cost holding dead stocks while better stocks kept moving.

Learning risk only after losing money.

[Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA]

I knew the stock market would finally crash. This is why I’ve been in cash since 2005

[GP @deepknack]

@OfficialSBICare I am getting emails to renew KYC and only option is to go to bank for this. Why can't it be done online? Why r we going backwards after the so called digitization?

[GP @deepknack]

@Akshat_World Idiot

[Rishabh @jokebazz]

Toh laadli behan band kar ya apne jeb se de.

[Dhananjay Kadam @dsk4u]

Mother: Invested in gold and forgot

Father: Put money in FD and forgot

Grand Father: Bought land and forgot

Our generation: Checking portfolio every 10 minutes hoping for recovery
😍😍😍

[Dinda Academy @academy_dinda]

First player to get dropped from captaincy and from the team after winning a World Cup💀

[Shreenidhi P @nid_rockz]

When taxation is the only thing govt cares for

Results are self explanatory

India vs global mkts for last 2 years

Looks like so called "Shock Absorbers" need a special shock treatment

Japan,Korea, Taiwan are up between 100-200% over the last 1 year

Nasdaq up 38%
Dow up 26%

DAX almost nearing life highs

All we do is:
Keep taxing middle class every year and burden them
Increasing taxation on equity markets and make sure FIis run out of India
Give freebies to the ones who don't want to work
Periodically, do farm loan waivers for the ones who never pay tax
On top of it, govt is doing OFS in such kind of mkt 🙏🙏

[GP @deepknack]

@LnprCapital Hope they do concall

[Harley XVI (finwizz.live) @xvi_harley]

#Viviana power tech

❌No more just EPC player

✅becoming electrical equipement manufacturer + EPC
to be rated a vertically integrated Power T&D platform

MOST PEOPLE MISSED THIS UPDATE:
Read carefully, a bit long but worth your time

Viviana is establishing a greenfield
MULTI-PRODUCT MANUFATURING FACILITY
- 100 Crore capex programme to establish a greenfield, multiproduct power transformer and equipment manufacturing facility near Vadodara

- producing transformers up to 400 kV (and up to 765 kV later on)
- producing shunt reactors
- producing converter-duty transformers
- producing unitised package substations

- Expects to commence production by end of 2HFY28,
- targeting Rs. 1,000-1,200 Cr of segment revenue with 9% - 10% PAT margin at full scale by FY32

- onboarded a highly experienced industry veteran with over four decades of expertise,
who has personally established more than five EHV power transformer manufacturing units from scratch

- Migration from SME to mainboard on 02 jun 26, giving liquidity and let mutual funds and institutions enter into this
T&D EPC + equipment + Transformer company with vertical integration

Market rates
Electrical equipment makers > Transformer makers > pure EPC players

Viviana is vertically moving in all three levels😎

[Chirag Barjatya @chiragbarjatya]

Tomato ketchup is literally JUST 19kcal per 15g serve. Like if you eat two spoon with your favourite healthy food, it will add only some 20-30kcal at best.

There is no point fearing something like tomato ketchup.

[STR @sachprat07]

#SME #AlpexSolar #Alpex

Alpex Solar Q4 & FY26 Earnings Call Highlights

👉 FY27 & Future Outlook
▫️ FY27 revenue expected to exceed ₹3,000 Cr, with upside from the 2.2 GW G12R TOPCon cell line commencing commercial production within the next 90 days (by ~August 2026).
💠Management is confident on surpassing guidance meaningfully due to strong execution and cell integration.
💠 Module capacity ramping to 3.6 GW by FY27 (from current 2.4 GW); further expansion to 5–5.5 GW possible with latest technology post-FY28 as utilization tightens by H2 FY28

▫️Cell line (2.2 GW): 80–85% captive use for modules, 15–20% sold/bartered for size compatibility (G12R focus)
💠Peers achieve 35–36% EBITDA on cells — company expects similar, targeting conservative company-wide EBITDA of ~25%+ (PAT >16% on cells) post-integration.

▫️Long-term vision: ₹10,000 Cr revenue by FY2030 through full backward integration.
💠 5 GW solar glass + 5 GW ingot/wafer by FY2030 (phased); pilot 200 MW ingot/wafer by April 2027, scaling to 2.5 GW by June 2028 (timed with ALMM List 3).
💠Aluminum frames expanding 2–3x via internal accruals

▫️ Policy-driven decoupling: ALMM List 2 (cells) from June 2026 and List 3 (wafers/ingots) from 2028 provide tailwinds; full vertical integration (modules + cells + frames + glass + wafers/ingots) positions Alpex as a resilient, high-margin player insulated from Chinese imports and price volatility.

👉 Current Order Book / Projects and Future Pipeline
▫️ Order book of ~₹1,900 Cr; management selectively not booking more orders to prioritize cell line ramp and higher-margin opportunities.
💠 Recent wins: ₹215 Cr high-efficiency module order (Jan 2026, 6-month execution) + ₹41 Cr solar water pumps order from MSEDCL (April 2026).
💠 DCR vs non-DCR mix: Operating in both markets; Q4 saw higher DCR execution (reflected in portal data), with prices expected to strengthen further post-ALMM List 2 implementation in June 2026

▫️ Pipeline remains strong due to domestic demand, government thrust on Aatmanirbhar solar manufacturing, and captive/utility-scale projects.
▫️Cell line will significantly boost order book and execution in FY27.
💠 Kosi integrated campus (9 lakh sq ft) on track — houses cell + module lines + aluminum frames; additional land parcels (incl. 21 acres in Madhya Pradesh) earmarked for future growth.
💠SAP rollout enhances real-time visibility across procurement, inventory, and distribution.

👉 Other Notable Points
▫️FY26 performance:
💠Margins expanded significantly over 4 years despite temporary Q3–Q4 pressures (glass/raw material shortages due to geopolitics + freight spikes).
💠Large inventory (₹316 Cr) provided buffer.

▫️Backward integration momentum:
💠Aluminum frames already in-house; cell plant combines two phases into one for faster commercialization.
💠Future glass/wafer/ingot plants will drive further margin uplift and supply chain security

▫️ Operational strengths: 20+ years experience, 7 manufacturing units (mostly Uttar Pradesh-focused for cluster advantages), 26K+ solar pumps installed, marquee clientele (PSUs + corporates like Tata, NTPC, Luminous, etc.), and global ranking (26 worldwide PV manufacturer, 8 in India).

▫️Exports:
💠Minimal focus currently (domestic demand more rewarding); US/EU experimental only due to duties — future wafer/ingot capacity may open export doors.
💠Shipping freight volatility noted but manageable

▫️Other:
💠Mainboard migration targeted post-Feb 2027 eligibility
💠BESS under evaluation (contingent on domestic cell policy)
💠Perovskite remains experimental/R&D — not near-term focus (TOPCon + future tandem roadmap preferred).
💠Management emphasizes under-promise/over-deliver culture, technology evolution, and that only serious integrated players will thrive amid industry consolidation.

▫️ Balance sheet and execution:
💠Prudent capex funding (internal accruals for initial phases), and emphasis on quality, automation, and training for stable high-efficiency output (up to 25.5%+ cells).

[STR @sachprat07]

#SME #UTSSAV #UTSSAVCz #UTSSAVCZGoldJewels

Utssav CZ Gold Jewels Limited H2 FY26 Concall Highlights

👉 FY27 & Future Outlook
▫️ Management guided ~60% revenue growth for FY27, with 35-40% volume growth.
💠 PAT margin expected at 4-4.5% and EBITDA margin at 7-8% (operational margins; plain gold jewellery addition has moderated blended margins slightly, but overall profitability trajectory remains healthy).

▫️ Long-term aspiration: ₹4,000–5,000 Cr revenue by 2030, driven by capacity scale-up, product diversification, and geographic expansion.
💠 Continued focus on lightweight CZ, plain gold, natural diamond, and lab-grown diamond jewellery to cater to evolving consumer preferences for design-led and daily-wear pieces.

▫️ Demand visibility sustained by festive/wedding season momentum, repeat business, and new client additions.
💠Management remains confident that jewellery demand in India is resilient even amid high gold prices (impact largely limited to bars/coins rather than jewellery).

👉 Capacity Expansion, Order Book Visibility & Future Pipeline
▫️ Current capacity: 2,500 kg per annum at ~65% utilization (peaks at ~90% in peak seasons).
💠 Inventory position (as of 31 Mar 2026): ~150 kg gold + diamond jewellery inventory of ~₹17 Cr. Working capital cycle stable at 45-60 days.

▫️ Expansion plans: Targeting 6–7 tons annual capacity through additional buildings/facilities (new lines of jewellery being introduced to support ramp-up).
💠 CAPEX guidance: ~₹50 Cr planned for FY27, to be funded primarily through bank debt (debt-equity expected to remain comfortable below 1x).

▫️ Client pipeline: Added 112 new clients in FY26; planning to onboard another 100–200 new clients in the coming year with deeper penetration across North, South, East & West India.
💠 Export pipeline: Currently small (~1%). With Board-approved wholly-owned UAE subsidiary in Dubai, exports are expected to jump to 10–20% of revenue in the near term.
💠Further focus on GCC, Singapore, Malaysia, and Australia via exhibitions, distributors, and on-ground presence.

▫️ Product pipeline:
💠Natural & lab-grown diamond jewellery currently ~2% of revenue; targeted to cross ₹200 Cr in the next couple of years.
💠Plain gold jewellery line recently introduced and scaling well.
💠Design library (>3 lakh creations) and new design output (400–500 designs/month) remain key differentiators.

👉 Other Notable Points

▫️ Operating cash flow remains negative due to the nature of the business (continuous gold procurement and ready stock maintenance for B2B customers) — this is structural and not viewed as a concern.

▫️ Client concentration: ~50% revenue from top clients, but risk is being actively mitigated through rapid addition of new retailers and corporates (many with multi-store presence).

▫️ Strategic moves:
💠UAE subsidiary incorporation approved — expected to improve trade efficiencies, export coordination, and global brand positioning.
💠Full in-house manufacturing (zero outsourcing), BIS hallmarking, and scalable B2B model remain core strengths.

▫️ Management reiterated that design innovation and fast turnaround continue to be the biggest competitive moat in the lightweight and CZ jewellery segment, enabling strong client stickiness and pricing discipline.

[STR @sachprat07]

#SME #NAMOEWASTE #NamoEWasteManagement

Namo eWaste Management H2 FY26 Earnings Concall Highlights

👉 FY27 & Future Outlook
▫️Growth momentum expected to continue with consolidated revenue targeting ~ 2x of FY26
💠~50:50 split targeted between e-waste recycling (~₹200-250 Cr) and battery recycling (~₹200+ Cr).
💠E-waste: 60-70% utilization on expanded ~70,000+ MT capacity (including full-year contribution from Hyderabad facility); focus on better product mix, cost optimization, and logistics savings.
💠Battery: ~80% utilization on 12,600 MT capacity (~10,000 tons processed) at single-shift operations; potential for two-shift scaling in future.
💠EBITDA margins expected to blend at 17-20% (e-waste gross margins 15-18%, battery 20-25%).
💠PAT margins guided conservatively at 7-10%, with clear trajectory toward 2x PAT growth alongside revenue.

▫️Hydrometallurgy plant to drive next phase of value addition and higher margins (25-30% post black-mass recovery + EPR credits on critical minerals Li, Co, Ni, Mn).
💠Pilot facility (1 MT/day) targeted by Dec 2026–Jan 2027; larger 5 MT/day plant to follow.
▫️Medium-term (next 2 years): Revenue of ₹800-900 Cr targeted to support migration to main board (alongside ~₹50 Cr+ PAT).
▫️Longer-term (next 3 years): 45-50% CAGR in business, backed by capacity expansion, operational integration, regulatory enforcement, EV/battery waste growth, and EPR compliance tailwinds.

👉 Current Capacity / Utilization, Projects & Pipeline
▫️Total installed capacity: 82,000 MTPA (e-waste ~70,000 MT including new Hyderabad 25,000 MT plant; battery 12,600 MT at Nashik).
💠FY26 e-waste utilization ~60% on available capacity (Palwal ramped from 16k to 32k MT mid-year; Hyderabad used as storage in FY26).
💠Battery operations commenced; processed ~1,200 tons (~10% utilization) in FY26 with initial OEM empanelment and vendor onboarding.

▫️Key projects underway
💠Hyderabad facility (Telangana electronics cluster): Minor delay due to heavy rains; expected commercial operations in Q2 FY27 (July 2026).
💠Will significantly reduce reverse logistics costs and improve access to South India feedstock.

💠Hydrometallurgy plant: Pilot (1 MT/day) first, then scale to 5 MT/day (potential quick ramp to 8 MT/day with modest additional capex).
💠~₹60 Cr project with 50-70% government subsidy (Ministry of Mines + state incentives); primarily debt-funded. Interim black mass export approvals secured as bridge.
💠Focus remains on value addition (hydromet refining) rather than immediate further crushing capacity expansion.

▫️Pipeline & growth levers:
💠Long-term B2B/OEM contracts (80-85% of procurement), 300+ clients, 26+ collection centers, and four plants.
💠Emphasis on collection network strengthening, geographic diversification, and higher-yield streams (IT/telecom, refurbishment, EPR).
💠No major new greenfield crushing lines planned short-term; priority is operational excellence and backward integration.

👉 Other Notable Points

▫️Segment insights:
💠Battery contributed ~₹18 Cr in FY26 (incl. manufacturing + black mass trading).
💠Refurbishment ~₹35 Cr, EPR ~₹25 Cr (up from ₹18 Cr; average realization ~₹28).
💠Growth in high-margin areas despite industry EPR challenges (some resistance from select producers; majority have adapted).

▫️Strategic & operational highlights:
💠Recycled >86 million kg e-waste cumulatively (incl. 3.8 Cr+ mobile devices, ~6 lakh laptops).
💠Nashik lithium-ion battery plant operational; Hyderabad on track.

▫️Industry context & moat:
💠India e-waste ~6 Mn tons (FY24) → projected 14 Mn tons by 2030; rising EV/battery waste, stricter rules, and EPR driving formalization.
💠Company benefits from 12+ years of operations, strong B2B relationships, nationwide network, and zero-waste discharge technology.

▫️Shareholding & governance:
💠Family share restructuring (gifting within family post-IPO consolidation) completed; no change in promoter control.
💠Non-executive roles for senior family members (e.g., Chairman with 40+ years non-ferrous metals experience).

[GP @deepknack]

U have killed the capital market with ur stupid rules and taxing non stop. This will be ur last term in the power. Ppl r fed up with ur idiotic take on everything @narendramodi @nsitharamanoffc @nsitharaman

[GP @deepknack]

U didn't reduce petrol prices, When oil was at 60 also u got it at discount from Russia. U keep giving freebies to run ur govt and tax honest tax payers more every year. Now u r asking us to sacrifice for ur mistakes. @narendramodi @nsitharamanoffc

[Deepak Shenoy @deepakshenoy]

The last three years of low crude prices didn't help Indian consumers (we kept the petrol price the same)

Who made money? The govt, and the oil cos. The largest oil retail co, has more than 82,000 cr. in collective profits since FY24 to now.

They should take the hit now.

[GP @deepknack]

@NammaBESCOM It's been almost 5 hours. Can u do this urgently

[GP @deepknack]

@NammaBESCOM there is no power in belathur main road, kr pura from 4 hours. What is the issue and when it will be resolved?