Sushant

What do you want to know about me

[Sushant @S_Danger001]

@drarjunpai Idiot..blocked.

[Sekhar @LearningEleven]

Timepass talk on Sunday

1. Wires, Cables & Optical Fiber: The Data Centre Gold Rush

India's data centre build-out is creating a massive opportunity for both conventional cables and optical fiber.

Polycab, in its latest concall, stated:

"We estimate that 1 MW translates into around ₹3.5 crore worth of cables, with 50–60% being conventional cables and the balance being optical fiber."

In fact, KEI's management made a similar observation a few months ago.

Several industry estimates suggest that India's data centre capacity could increase nearly 5x to ~8 GW by 2030.

That implies a total cable opportunity of around ₹28,000 crore, comprising:

• Conventional cables (50–60%): ₹14,000–16,800 crore
• Optical fiber cables (40–50%): ₹11,200–14,000 crore

The data centre story isn't just about servers, GPUs and power infrastructure. It is also a long-duration demand driver for wires, cables and optical fiber.

Polycab also said: "We've read reports where the estimation is somewhere around 8 gigawatt to 16 gigawatt or 18 gigawatt"

Wires, Cables & Optical Fiber - Lage Raho Munna Bhai.

2. Transmission Infrastructure Enters Hypergrowth Phase

India plans to more than double its installed electricity generation capacity to 1,121 GW by FY36, implying the addition of nearly 600 GW over the current installed base of around 530 GW. Roughly 70% (786 GW) of this capacity is expected to come from non-fossil fuel sources.

But renewable energy alone isn't enough.

To address the intermittency of solar and wind power, India also plans to deploy 174 GW of energy storage capacity, comprising 80 GW of Battery Energy Storage Systems (BESS) and 94 GW of Pumped Storage Projects (PSP).

Now comes the most important question:

How will all this electricity reach consumers?

The answer lies in transmission infrastructure.

Polycab's latest concall was a goldmine of information on this theme.

Management highlighted that transmission line additions averaged around 15,000 circuit kilometres per year during FY20-FY25. They now expect this pace to accelerate to 20,000-21,000 circuit kilometres annually over FY26-FY30, a 35-40% increase in the rate of grid expansion.

They also pointed to the Central Electricity Authority's target of at least 17,000 circuit kilometres for the current financial year. Execution appears to be off to a strong start, with nearly 2,000 circuit kilometres commissioned in April and May alone, while June data is yet to be released.

This is precisely what makes the transmission theme compelling.

India recently exempted four Chinese-linked power equipment makers from prior bidding curbs, allowing them into government T&D tenders for two years. This move directly corroborates this thesis.

However, the biggest beneficiaries may not be the entire sector. Returns could be concentrated among high-voltage equipment players and import substitution players, so choose your winners wisely.

I am personally tracking, Yash Highvoltage, Hindusthan Insulators, Quality Power, KSH International, Atlanta Electricals and TARIL but valuation comfort is missing in most of these names.

3. Triveni Power Transmission (shared on June 7th)

Triveni Engineering’s Power Transmission Business (PTB), focused on high-speed gears, industrial gearboxes, and defense propulsion systems, is arguably one of the hidden gems within Triveni Engineering & Industries.

The business is expected to be listed before the end of August 2026. The NCLT has already approved the demerger, and the record date is likely to be announced by the end of this month, give or take a few days.

With EBITDA margins of around 35%, a strong and diversified customer base, a sticky business model supported by a growing aftermarket segment, and a dedicated multi-modal defense manufacturing facility, PTB appears well-positioned for the next phase of growth. Capacity expansion is currently underway, with the potential to take revenues from FY26 levels of ₹340 crore to a peak capacity of around ₹700 crore over time.

The company has also secured a significant breakthrough order in the defense segment recently, further strengthening its growth visibility.

Another interesting aspect is its Swiss subsidiary, which could emerge as a wildcard. Located in Schaffhausen, Switzerland, a renowned precision engineering and industrial manufacturing hub bordering Germany, it provides PTB with proximity to several leading European OEMs and strategic access to key export markets.

The aftermarket business continues to gain importance. Its contribution to overall gear revenues increased to 40% in FY26, compared to a historical average of just over 30%. Triveni's turnaround time for standard aftermarket solutions is typically 2-3 months, versus an estimated 12 months for some global competitors. To further strengthen this advantage, the company has commissioned a dedicated aftermarket facility in Mysore aimed at improving execution speed and reducing delivery timelines for international customers.

Overall, PTB appears to be entering an interesting phase with multiple growth levers in place. It is certainly a business worth keeping on the watchlist once the standalone listing takes place.

Latest update:

July 22, 2026 is the record date for the demerger.

Shareholders of Triveni Engineering will receive 1 equity share of Triveni Power Transmission Limited (face value: ₹2 each) for every 3 equity shares of Triveni Engineering held on the record date.

4. Menon Bearings (shared on Jan 25th)

Menon Bearings delivered one of the strongest quarters in its history. Exports rose to an all-time high of ~36% of revenues, notably without any adverse impact from US tariffs. In its recent concall, management noted:

“…we have already started additional business with one of the major customers from the US… we hardly see any impact from the tariffs imposed by the USA. On the contrary, our exports are poised to grow further going ahead...”

For a company of this size, this is an interesting and positive development, especially in a challenging global environment.

That said, management also acknowledged that elevated copper prices are a margin headwind. While the company claims a pass-through mechanism, the timing and completeness of quarterly/monthly pass-throughs remain an open variable and need close monitoring.

From a cautionary standpoint, it’s worth recalling that in 2023 the company had articulated an ambition to double revenues by FY26. At the current run rate, the company appears far from that target, and it no longer seems to be a stated objective in the latest investor deck.

Nevertheless, a company executing well amid headwinds deserves a closer look.

Latest Update:

Since then, the company has delivered two consecutive quarters of strong performance, with EBITDA margins exceeding 20%, and the stock is now trading at an all-time high. The FY27 revenue guidance of ₹360 crore now appears conservative.

Railway Opportunity: A new dynamometer is expected by August-end, which will enable entry into the Indian Railways segment.

Menon Alkop (Aluminium): The share of EV business is currently 4-5% and is targeted to reach 8-10% by the end of FY27.

North America Focus: A recent visit to the USA & Canada is expected to generate an additional ₹65-75 crores in business over the current and next financial year.

New Customer Pipeline: Already receiving RFQs and signing NDAs with major auto players like Magna, Linamar, and Allison Transmission.

These concall snippets are courtesy of @concall_in who do excellent job in compiling concall notes for most companies with super fast speed!

Disc: I have no association or financial obligations with @concall_in.

5. GSM Foils

GSM Foils is a seven (7) year old pharma packaging company that makes aluminium blister and strip foils used for tablets and capsules. These foils protect medicines from moisture, oxygen, and contamination, ensuring patient safety.

The company has over 100+ clients spread across 14+ states in India, with a strong reputation for quality and customization. Most of their customers are tier-3 and tier-4 pharma companies who are cost conscious but still need high quality products. They have more clients than the employees!

It's a two product company that manufacturers Blister Foils (~65%) and Aluminum Strip Pharma Foils (~35%).

The company operates an asset-light business model, with fixed assets of just ~₹5 crore, while consistently delivering 11–12% EBITDA margins.

Management is targeting a monthly revenue run rate of ₹60 crore by March 2027, implying FY27 revenue of ₹400–450 crore.

The growth trajectory is already visible:

Q1 FY27 revenue: ~₹97 crore (vs. ~₹52 crore in Q1 FY26 and ~₹82 crore in Q4 FY26)

Profit nearly doubled YoY, reflecting strong operating leverage.

The previous quarter was impacted by a sharp rise in aluminium and ethyl acetate prices, but the company appears to have navigated those headwinds well, with margins recovering.

Another positive is management's increasing focus on transparency, with monthly business updates now being shared regularly.

While the company has historically faced challenges around receivables and working capital, management has taken steps to mitigate these issues.

Nevertheless, given its small size, some of these challenges may continue to persist as the company aims to grow faster. That is something investors need to keep an eye on.

That's all for this edition. Have a great Sunday!

Disclaimer: None or buy or sell recommendations. This publicly available information is shared for learning and education purposes.

[Sushant @S_Danger001]

@nakulvibhor After fifa final

[Sushant @S_Danger001]

@darvasboxtrader Hariom ki pipe dekho sir

[Dr. Arjun Pai @drarjunpai]

USA will never ever win a direct full felged war/ battle with Russia, Iran and North Korea.

There is one power which will never allow USA to succeed that is China.

Do you believe this statement, is incorrect?

USA will never be able to win a diplomatic, trade war with Bharat in this century.

Never ever, since there are many levers that Bharat has secretly leveraged.

This is a game of Chess, the USA is short sighted beyond 2030.

Their every manipulation may work till June 2028.

Free fall after that for the US. Chaos and debris. No economy will recover till 2031 September.

Mark and save this message and counter me if I'm alive by September 2031.

By 2032, Bharat will be the supreme world power.

Not, economically, because USA and China will exist.

They will still remain the top two nations per wealthy.

But limited and subdued economic growth.

Bharath will lead the world by 2053.

[Investing @ Prakash @Prakashplutus]

Power Ancillary/Energy transition/ Power / Robotics/ DC

[microcap investors @ShridhantS]

Oncology sigment 💥🔥

If you capibal to connect every dot 🟢, my tweets very helpful for everyone .

CANCER will touch nearly every family, Warns WHO

Cancer incidents in india is growing 5-7% annually.

Oncology sigment related company ⤵️

Sakar
Beta drugs
Fredun pharma
Granules
Venus remidies

[Sushant @S_Danger001]

@InsightOption Chatiye aaj hai

[Sushant @S_Danger001]

@DC_aryavarta You are a great soul

[Sushant @S_Danger001]

@darvasboxtrader Dada kitna lamba candle banaoge

[Sushant @S_Danger001]

@darvasboxtrader Wwooww