Manohar

Chem engr with a passion for sustainability and stock mkt investing. Working to reduce carbon footprints and improve plastic recyclability. Views are personal

[Intrinsic Compounding @soicfinance]

Garware over the years has quietly built something that has made it stand apart from all its domestic peers and not just domestic but even globally Garware is highly competitive both in terms of cost and quality.

It is the only domestic player manufacturing both SCF and PPF. Cosmo Films just entered in FY26. Jindal/Uflex don't make either, and 3M imports.

And the margin profile reflects the moat Garware has built, where it runs on a 22-25% margin profile. Cosmo in the 10-13% range and 3M India sits at 18-22% margins. Eastman globally does 19% but is levered.

And now there is this D2C pivot that the company is building. First, none of its peers currently have D2C and Garware is building this business in 3 layers -

> 250+ Garware Application Studios in India (targeting 300 shortly)
> 11 Global Application Studios (UAE, US)
> Garware Home Solutions - 6 studios live, targeting 50 by FY27-end

D2C margins run 25–30% higher than distributor margins. Currently ~10–15% of revenue globally, ~40% in India PPF.

When your SCF line produces 125 lakh sq ft/month vs PPF at 25 lakh sq ft/month, and the line design itself is proprietary with embedded automation and robotics, you've built a manufacturing moat that can't be reverse-engineered by throwing capex at the problem.

New 191Cr sun control line (30% capacity addition) > commercial production Q1 FY28.

The rationale? SCF at 75–80% utilization, hitting full by Q2 FY27 and architectural demand is exploding. Also, these lines are always fungible for the company which they can also use for PPF when demand shifts there.

They are also doing backward integration in TPU. Another lever for margin expansion. This line is commissioning by Oct 2026.

Garware over the years has built a business that is now the only domestic manufacturer, has proprietary line design, is backward integrated, has D2C distribution being built ground-up, a debt-free balance sheet funding growth, and a management team that navigated COVID, Russia, 50% US tariffs, and Middle East conflict without losing a single customer.

Disclaimer - not a recommendation to buy/sell

[Manohar @manoharkuma]

Food grade rPet shortage

[Nitya Shah @KamayaKya @NityaShah2000]

India’s Plastic Paradox: High recycling rates, but a critical food-grade shortage. 🇮🇳♻���

While India boasts an impressive plastic recycling rate of over 60%—far exceeding global averages—the industry is currently hitting a major structural bottleneck.

Despite generating roughly 19.4 million tonnes of plastic waste annually, the country is facing a severe crisis in the food-grade rPET (Recycled Polyethylene Terephthalate) segment. This isn't just an operational hurdle; it is a multi-billion dollar investment risk. With approximately ₹8,000 crore of investments at stake, policy uncertainty is threatening to undermine India's circular economy goals.

As we navigate this "rPET Crisis," the gap between general plastic recycling and high-end, food-safe recycled materials remains a critical area for investors to watch.

How should policy evolve to bridge this gap? Let's discuss in the comments! 👇

#CircularEconomy #Sustainability #PlasticRecycling #rPET #IndianEconomy #InvestmentRisk #Kamayakya #WealthManagement #ESG

Happy Investing,
Team KamayaKya
📄 SEBI Research Analyst Registration No: INH000009843
📘 BSE Enlistment No: 5583
🔗 Our Smallcase: https://t.co/5XK9Ccufyk
🔗 Disclosures: https://t.co/jdZoGQcSxA

[Manohar @manoharkuma]

Longest walkable stretch

[Historic Vids @historyinmemes]

The longest road in the world that a person can walk...

The longest theoretically walkable road on Earth stretches from Cape Town to Magadan, spanning roughly 22,387 km (13,910 miles) without the need for any boat or air travel. The route passes through about 17 countries, crossing Africa, the Middle East, Central Asia, and into Siberia via connected roads and bridges.

Even at an ambitious pace of 12 hours of walking per day, the journey would take around a year to complete. At a more moderate schedule of 8 hours per day, it would extend to roughly a year and a half of continuous travel.

[Arbitrary Nihilism @SolveExistence]

1/ British “Divide and Rule” policy in colonial India was a systematic strategy employed to maintain control over a vast, diverse population. It wasn’t a single policy but a combo of coordinated administrative, social, political, and psychological tools designed to manipulate…

[Manohar @manoharkuma]

@riteshmjn It resonates with whatever @ankitatIIMA has been repeating for last many years now

[Manohar @manoharkuma]

Go through this thread to understand oil price movement in next few months

[Qasem Al-Ali @AlaliQasem]

Even if a ceasefire is signed TODAY:
— Floating tankers need 30–40 days to offload
— VLCCs rerouted to the US need 3+ months to return
— Onshore ME storage needs to drain ~200M bbls first
The supply gap doesn’t care about peace deals

[Manohar @manoharkuma]

Positive triple digit return or negative double digit return ?

[Shivaji Vitthalrao🇮🇳 @shivaji_1983]

We have positioned for something very big. Every fund in india gives 2 digit returns in a year, I am a guy who thinks differently.

Why just 2 digit return, why not 3 digits. When the market gives you the straight line (Bull Market) go for the "DRS Mode" and finish the race. Don't waste anytime whatsoever in the best possible setup.

#Nifty #BullMarket #Year2026

[Manohar @manoharkuma]

Kumbhaka pranayama

[Tehxi @yajnshri]

Reverse aging naturally, the ancient breath that releases stem cells

Which also knows as master cells of your body.

They are used in regenerative medicine, which means repairing or replacing damaged tissues.

Bookmark this video watch later.

[Manohar @manoharkuma]

@ShivrattanDhil1 Fashion Technology Park - similar story

[Manohar @manoharkuma]

@dhanesh500 Dad should pay income tax on crazy cash component now @IncomeTaxIndia

[Manohar @manoharkuma]

3 am sleep disturbance

[Karthik 🇮🇳 @beastoftraal]

"Do you ever find yourself lying in bed wide awake at 3 a.m., tossing and turning, unable to get back to sleep?" —I don't have this problem anymore, but I have tried the 4-7-8 breathing method at the beginning of my sleep and it does work for me. Try it.

[Manohar @manoharkuma]

Nuclear reactors

[Normal Guy @Normal_2610]

Next big jump - 18 new reactors total 13,600 MW are coming soon (under construction or getting ready).

[Manohar @manoharkuma]

@AMP86793444 Hurricane

[Manohar @manoharkuma]

Oman crude is already at 150+

[Michael McDonough @M_McDonough]

🛢️There's a lot being said about oil prices right now, so I put this chart together to help explain the major crude benchmarks and why they're all behaving differently.

⚪Brent (white) — The world's "default" oil price. Most global trade is priced off this. When the news says "oil is at $108," they mean Brent.

🟡WTI (yellow) — The U.S. benchmark, based on crude delivered to Oklahoma. It's the lowest line on the chart because American oil doesn't need to transit the Strait of Hormuz.

🟢Murban (green) — Crude from Abu Dhabi, delivered at Fujairah port, which sits just outside the Strait. Even though it technically doesn't have to pass through the chokepoint, drone strikes have hit Fujairah and nearby ports, pushing insurance and shipping costs up.

🟣Oman (purple) — The key benchmark for heavier crude sold into Asia. Many refineries in China, Japan, and South Korea are built specifically to process this grade. It's the highest line on the chart because Asian buyers are competing fiercely for a shrinking pool of cargoes.

🔴Dubai (red) — Used to price most long-term Gulf→Asia export contracts. It tracks alongside Oman as a measure of how hard Asian markets are being squeezed.

The story isn't any single price — it's the gap between them. In late February these five lines were within $6 of each other. Now the spread between WTI and Oman is over $50.

Since the U.S.-Israeli strikes on Iran began Feb 28, the Strait of Hormuz has effectively been closed. Daily transits have fallen from a historical average of ~138 ships to fewer than 5. The IEA has called it the largest disruption to global energy supply in history. Iran's IRGC has warned that not "a litre of oil" will pass for U.S. allies, while selectively allowing some Iranian, Indian, and Pakistani tankers through.

Saudi Arabia is rerouting oil to its Red Sea port at Yanbu, and the UAE is using a pipeline to Fujairah — but combined pipeline capacity is only 3.5–5.5 million barrels/day vs the 20 million that normally flows through the Strait. Meanwhile, the 400 million barrel emergency reserve release by IEA members covers roughly 4 days of global consumption.

Japan's refiners get ~95% of their crude from the Gulf. China receives 45% of its oil via Hormuz. South Korea, India, Thailand, Pakistan, and Bangladesh are all severely exposed. The wider the spread between the Asian benchmarks and Western ones on this chart, the more you're seeing that pain in real time.

[Manohar @manoharkuma]

@NishanthNature @Civixplorer @bforbhaki They have shown Tulu in Kerala rather than Karnataka

[Manohar @manoharkuma]

@Civixplorer Tulu language is spoken in Karnataka and not Keralam as shown in this pic

[Manohar @manoharkuma]

Russia - Ukraine war : we didn’t have any supply chain disruption in India . With prolonged closure of Strait of Hormuz for shipping oil , we can have massive supply chain disruption.

[Manohar @manoharkuma]

Benchmark index investing is better compared to this @BMTheEquityDesk

[Dhaval (Investment Books) @InvestmentBook1]

Basant Maheshwari , Basant Maheshwari Wealth Advisers PMS Performance

BMW Multi Cap Fund 5 Year Return 5.05 Vs 16.82 Benchmark 🙃

Current AUM : 285 Crore

[Manohar @manoharkuma]

Strait of Hormuz

[Wall Street Mav @WallStreetMav]

Can the Straight of Hormuz even be closed?

Iran no longer has any ships or boats in the area. Their ability to communicate with each other is mostly eliminated. Their leadership is all dead.

Iranian missile or drone teams probably have no idea when a ship is even moving through the Straight of Hormuz right now.

[Manohar @manoharkuma]

Interesting!!