Suhas More

Learn To Earn

[Shreenidhi P @nid_rockz]

PN Gadgil Jewellers
#PNGJL
#PNGadgil

Q4FY26 and FY26 Concall pointers

Guidance raised upwards:
FY27 Guidance:
Revenue guidance raised to 13,500 Cr (from 12,000 Cr guided earlier)
Confident of achieving it and probably surpass it looking at business momentum

Guidance for FY27:
Gross Margin: 12%–13%
EBITDA Margin: 7%–7.5%
PAT Margin: ~4%

FY27 Mix Reset:
Gold bars and coins expected to moderate to 20%–25% of revenue (vs 40% in Q4FY26)
This is the single biggest lever for gross margin recovery in FY27

Studded ratio to improve in FY27 vs FY26

Hedging to go up to 80% from current 67%

[Stock Market Scientist™ @MarketScientist]

1. Gemini (solve any problem)
2. Perplexity (research anything)
3. Klingai (create AI videos)
4. Luma (create 3D models)
5. Suno (compose music)
6. Hemingwayapp (perfect writing)
7. Capcut (edit videos)
8. Youlearn (summarize YouTube)
9. Canva (design graphics)
10. ElevenLabs (clone voices)
11. Descript (edit podcasts)

Bookmark the list

[Shreenidhi P @nid_rockz]

PN Gadgil Jewellers
#PNGadgil
#PNGJL

As on March 20th, rev crossed 10,000cr with 10 more days to go for year end

Q1 Rev was 1715cr
Q2 Rev was 2178cr
Q3 rev was 3303cr

Q1+Q2+Q3 rev at 7196cr

Assuming comp ends at 10200-300cr rev for FY26, Q4 sales can be 3000-3100cr vs 1588cr in last year Q4 which is almost 97-100% growth YoY

QoQ isn't comparable due to peak festival quarter for Q3FY26

Margins should remain steady and stable

PN Gadgil:
TTM P/E 19x
TTM EV/EBITDA 12.7x

Kalyan Jewellers:
TTM P/E 35x
EV/EBITDA at 19x

Titan Company:
TTM P/E 74x
EV/EBITDA at 44x

Senco Gold:
More volatile due to less hedging
Inventory gain benifits
Should normalize
Q3 run rate in profits isn't repeatable
Optically looks cheaper due to 404cr EBITDA in Q3 with 13% OPM

Thangamayil Jewellery
TTM P/E 45x
EV/EBITDA at 28.2x

PN Gadgil looked very reasonably valued for comparable growth rates with Kalyan Jewellers

Mkt cap as on 25/3/2026:
Titan Company 3.6 lakh cr
Kalyan Jewellers 41,000cr
PN Gadgil 7,730cr
Senco Gold 4,900cr
Thangamayil Jewellery 11,000cr

Let's review the mkt cap after 3-4 quarters

Today's stock moves:
Titan ⏫5%
Kalyan⏫6.4%
Thangamayil ⏫7%
PN Gadgil ⏫1.5%
Senco Gold ⏫1.4%

[Basant Baheti @BasantBaheti3]

यदि आप अपने बच्चों को आँठवी पास करने के बाद गर्मी की छुट्टियों में इन्वेस्टमेंट के बारे में उनका ज्ञान बढ़ाने के लिए अनुभवी लोगों की रोज़ एक पॉडकास्ट सुनना शुरू कर दो तो आपका बच्चा ग्रेजुएशन करने तक इन्वेस्टमेंट में धुरंधर बन जाएगा क्यूँकि इन्वेस्टमेंट का नॉलेज तो डॉक्टर, इंजीनियर या किसी भी विषय में आप ग्रेजुएट बनो , आपको इसकी जरूरत पड़ती ही है !
सरकार के भरोसे मत रहो कि वो आपके बच्चे को 9th क्लास से इन्वेस्टमेंट के विषय में पढ़ाना शुरू कर दे , उनको तो उनके हिसाब से पढ़ाने दो कि पानीपत का युद्ध कब हुआ , अकबर का बाप कौन था , बाल दिवस कब मनाया जाता है इत्यादि इत्यादि ! हमें अपने बच्चे को स्मार्ट बनाना है और एंटरप्रेन्योर बनाना है तो हमें अपने तरीके से ही उसको बड़ा करना पड़ेगा ! कॉलेज की डिग्रियों से ज़्यादा व्यवहारिक ज्ञान ही काम आएगा AI के जमाने में !
ग्रेजुएशन से पहले बच्चा इन्वेस्टमेंट के बारे में जान जाएगा तो उसको कोई मासी का लड़का या मामा की लड़की जबरदस्ती रिलेशन के आधार पर जीवन बीमा पालिसी नहीं चिपका के जा पायेगी !
वो बच्चा ये पूछने की स्थति में होगा कि मुझे टर्म प्लान क्यूँ नहीं दे रहे हो , मुझे क्रिटिकल इलनेस का राइडर क्यूँ नहीं दे रहे हो , मुझे अभी से रिटायरमेंट प्लान क्यूँ नहीं सजेस्ट कर रहे हो , मुझे ये ३-४% वाला एंडोमेंट प्लान क्यूँ चिपका रहे हो क्यूँकि इसमें आपको 40% कमीशन मिलने वाला है ! वो बच्चा अपनी पहली इनकम से ही म्यूच्यूअल फण्ड में एस आई पी शुरू कर देगा , म्यूच्यूअल फण्ड एजेंट भी उसे वो प्लान नहीं बेच पायेगा जो कंपनी टारगेट पूरा करने पर उस एजेंट को विदेश भेजने वाली है , वो बच्चा ख़ुद बताएगा कि किस कंपनी और फण्ड मैनेजर की स्मॉल कैप स्कीम लेनी है , किसकी मिडकैप स्कीम लेनी है और लार्ज कैप में तो वो ख़ुद ही सीधा इक्विटी में निवेश करने में सक्षम होगा , उसे तब तक इतनी बुद्धि तो आ ही चुकी होगी कि रिलायंस , टीसीएस ,आईटीसी, ब्रिटानिया , आईसीआईसीआई बैंक जैसे शेयरों में निवेश करने के लिए इसे म्यूच्यूअल फण्ड मैनेजर की कहाँ जरूरत है !
मेरे इस विचार को अच्छा लगे तो अधिक से अधिक लोगों तक पहुँचाओ , कोई भी अपने बच्चे के लिए ऐसा कर पाये तो उसे फ़ायदा ही मिलेगा

[Psychodoctor @Psychodoctor06]

3 simple techniques to stop rumination:

1. Name the Thought:

When thoughts start looping, silently label them.

Remembering.
Worrying.
Planning.

This creates a small distance between you and the thought.
Instead of being inside the thought, you start observing it.
Very often the thought loses its intensity.

2. The 5–4–3–2–1 Method:

This is very effective when anxiety or overthinking starts.

Notice:
5 things you can see
4 things you can feel (chair, clothes, floor etc)
3 things you can hear
2 things you can smell
1 thing you can taste

This immediately pulls the brain back into the present sensory world.
Rumination weakens because it cannot compete with real sensory input.

3. Single Next Step

When the mind worries about the future, ask only one question:
“What is the next small step I can take right now?”

Not the whole solution.
Just the next step.

Peace is not found by controlling the past or future.

It appears when the mind returns to where life is actually happening, the present moment.

#overthinking

[Self Defense DIY @SelfDefenseDIY]

Self Defense Techniques

[LifeHaxx101 @LifeHaxx101]

Save this now.
These knots could save your life in crucial moments 🪢

[Dr Ravindra L. Kulkarni MD @KulkarniRL]

Sugar, BP, Cholesterol , Fatty Liver वेगळे आजार वाटतात…
पण मुळात एकाच ठिकाणी बिघाड असतो.

तो म्हणजे Metabolism (शरीराचं आतलं कामकाज).

चला, अगदी सोप्या शब्दांत समजून घेऊया.
Metabolism का बिघडतो? (वस्तुस्थिती)

1 सतत बसून राहणं (Sedentary lifestyle बसणं जास्त, हालचाल कमी)

शरीर हलत नाही तेव्हा muscles sugar वापरत नाहीत.
Sugar रक्तातच राहते, insulin जास्त लागतो,
आणि हळूहळू insulin resistance तयार होते.

2 Late heavy meals रात्री उशिराचं जेवण)

रात्री शरीर repair आणि clean-up मोडमध्ये असतं.
उशिरा, जड जेवण केलं की शरीर fat साठवायला भाग पाडलं जातं.
याचा परिणाम वजन, sugar आणि cholesterol वर होतो.

3 दिवसभर थोडंथोडं खात राहणं (Frequent snacking)

शरीराला कधीच “rest” मिळत नाही.
Insulin सतत स्रवतो आणि metabolism गोंधळतो.
भूक, sugar आणि fat control सगळं बिघडायला लागतं.

4 झोपेचा गोंधळ (Poor sleep / कमी किंवा विस्कळीत झोप)

झोप ही luxury नाही, ती metabolic गरज आहे.
झोप कमी झाली की appetite hormones, sugar control, BP सगळं ढासळतं.
“झोप कमी, आजार जास्त” हे सरळ गणित आहे.

5 सततचा ताण (Chronic stress - मनावरचा ताण)

Stress hormones शरीराला “survival mode” मध्ये ठेवतात.
त्या अवस्थेत fat साठवणं वाढतं, sugar नियंत्रण सुटतं.
Stress म्हणजे फक्त मानसिक नाही , तो metabolic problem आहे.

6 साखर आणि पांढरी पीठं (Sugar & refined carbs , गोड, मैदा, बेकरी items )

हे पदार्थ “ऊर्जा” देत नाहीत ,
ते शरीरावर अचानक sugar load टाकतात.
Metabolism गोंधळतो, fat liver, diabetes, cholesterol यांची सुरुवात इथूनच होते.

(सरळ शब्दांत: हे खाल्लं की शरीर गोंधळून जातं की काय करावं कळत नाही.)

7 दिवसभर हालचाल कमी (Low daily movement - NEAT कमी)

Exercise केला तरी उरलेले 23 तास बसून गेले, तर उपयोग मर्यादित.
Metabolism रोज चालतो , आठवड्यातून नाही.
दिवसभर हलणं हे metabolism साठी अत्यंत महत्त्वाचं.

8 फक्त report बघून इलाज (Report-based thinking)

Sugar, BP, cholesterol हे फक्त numbers आहेत.
खरं प्रश्न आहे तो शरीर आतून कसं काम करतंय?
Metabolism न सुधारता report सुधारत नाहीत, टिकत नाहीत.

25+ वर्षांचा अनुभव काय सांगतो?

हे आजार वेगवेगळे नाहीत.
हे सगळे एकाच बिघडलेल्या metabolism चे वेगवेगळे आवाज आहेत.

एक औषध वाढवलं की प्रश्न सुटत नाही.
Metabolism सुधारला, तर सगळे reports आपोआप सुधारायला लागतात.

काही वेळा lifestyle व्यवस्थित असूनही metabolism बिघडतो , तेव्हा underlying कारण शोधणं गरजेचं असतं.
यावर वेगळ्या पोस्टमध्ये सविस्तर बोलू.

Dr Ravindra L. Kulkarni,
MD, DNB, FSCAI (Cardiology)
Just For Hearts

Follow 👉 @KulkarniRL
Consult 👉 94229 91576 ,
94229 89425
( WhatsApp message only )

#Metabolism
#LifestyleMedicine
#JustForHearts
#DiabetesCare
#BPControl
#Cholesterol
#FattyLiver
#MetabolicHealth

[Psychodoctor @Psychodoctor06]

Your mindset is your greatest asset.

Not your intelligence.
Not your degrees.
Not your bank balance.

Because everything you build in life is first built in the mind.

With the same circumstances,
one person feels trapped,
another sees opportunity.

A fixed mindset asks, “Why me?”
A growth mindset asks, “What now?”

Your mindset decides:
whether failure becomes feedback or a full stop,
whether criticism becomes poison or information,
whether uncertainty becomes threat or possibility,

Skills can become outdated.
Money can be lost.
Status can disappear.

But a resilient mindset takes you
from failure to success and
from chaos to certainty.
Changes the way you interpret events,
making the events lose their power over you.

Protect your mindset.
Feed it with perspective, not panic.
Curate your thoughts like you curate your diet.

Because life doesn’t respond to your wishes.
It responds to the lens you look through.

#Mindset

[Vipendra Kumar @askvipendra]

क्या आपको पता है कि Gmail जब storage full दिखाता है तब बिना एक भी photo या data delete किए भी account खाली किया जा सकता है?

ज़्यादातर लोग storage full देखते ही photos हटाने लगते हैं या paid plan लेने का सोचते हैं
जबकि सही तरीका इसका बिल्कुल उल्टा है
data delete नहीं करना होता data को safely बाहर निकालना होता है

Google खुद इसका official तरीका देता है
Google में search करें takeoutgoogle com
Website खुलते ही Deselect all पर tap करें
अब सिर्फ Google Drive select रखें
Photos और बाकी services unselect ही रहने दें

Next step में
File type ZIP रखें
File size option में 50GB select करें
इससे पूरा data आसानी से download हो जाता है

अब Send download link via email चुनें
Export once select करें Create export पर tap करें

कुछ समय बाद आपके email पर download link आ जाएगा आप पूरा data phone या laptop में save कर सकते हैं उसके बाद Drive और Photos से वही files हटा दीजिए

Result साफ है data भी सुरक्षित account भी खाली और Gmail फिर से normal चलने लगता है

कमेंट में बताइए आप अब तक storage full होने पर क्या करते थे?

Disclaimer
यह जानकारी सामान्य Google account awareness के लिए है
Export options समय के साथ बदल सकते हैं
Final process के लिए हमेशा Google की official website ही use करें

[Investors Compass @selvaprathee]

AXISCADES – The Defence Tech Rerating Blueprint (FY26-30)

1️⃣ Growth Visibility – Power 930 Roadmap Activated
✦ FY26-FY27: 40–45% growth in core businesses
✦ FY28-FY30: ~70% annual growth once new infra ramps (Aeroland + DAC + Hyderabad missile complex).
✦ Long term vision: ₹9,000 Cr revenue by 2030 (Power 930).
➡️ Multi-year guidance + execution discipline = early-stage re-rating setup.

2️⃣ Defence Flywheel – Three Engines for FY27–30

✦ Engine 1 – Missiles (BrahMos, Kusha & Beyond)
▪️ Targeting 10-15% value share in missiles over next 5 years.
▪️ Indigenous seeker trials before March → order flow may start FY27.
▪️ Seekers form ~30% of missile cost → high-value vertical.

✦ Engine 2 – Radars & Antennas
▪️ Indra partnership operational; AXISCADES is CoE for antennas & systems.
▪️ DAC facility to handle radar manufacturing + global OEM support.
▪️ Expected a major revenue driver post FY27.

✦ Engine 3 – Counter UAS & Hard-Kill Systems
▪️ First emergency procurement order received.
▪️ Hard kill laser tech from French partner – proven in Ukraine/NATO.
▪️ Target: 20-30% market share, top 3 player in India.

3️⃣ Hyperscaler EMS – Next Big S-Curve
✦ ESI muted in Q3/Q4 as model shifts from design → full box-build + EMS.
✦ Aeroland facility (1.65 lakh sq ft) operational; equipment commissioning underway.
✦ Hyperscaler revenue ramp:
▪️ ~$2m this year → $6–7m next year (post certification).
▪️ Second hyperscaler to double next year.
➡️ Transition from design → manufacturing creates operating leverage.

4️⃣ Capex & Infrastructure – 2030 Capacity Being Built Now
✦ Phase 1: ₹150-180 Cr (FY26–FY27).
✦ DAC cluster: ₹1,100-1,200 Cr over 3 years.
✦ Hyderabad missile complex: completion target March 2027.
✦ Total guided capex incl. Hyderabad: ₹1,500 Cr.
➡️ This capex is not generic capacity, it directly aligns with missiles, radars, EMS, unmanned systems.

5⃣ Balance Sheet Strength – No Dilution
✦ Gross debt: ₹63 Cr | Net debt: ₹50 Cr.
✦ FY26 borrowing capped at ₹50 Cr max.
✦ Funded via internal accruals + OEM strategic capital + non-core exits.
✦ No equity dilution planned in listed entity.
➡️ Rare combination: high growth + low debt + zero dilution.

6⃣ Portfolio Cleanup – Non Core Exit by FY26 End
✦ Non-core verticals margin-positive after recalibration.
✦ Full exit/restructuring by March FY26.
✦ Frees cash for capex + improves margin mix.
➡️ Cleaner P&L = higher valuation.

7⃣ Execution Rhythm – Guidance Fully Protected
✦ Q2 execution front-loaded, anticipating Q4 shifts.
✦ Q3 to be similar to Q2 (per management).
✦ Q4: 2–3 week disruption, but FY26 guidance unchanged.
➡️ Execution credibility is now a strength, not a risk.

🧭 Investor Compass View - Axiscades
✦ Clear growth roadmap – 40-45% in FY26–27, hyper-growth FY28–30
✦ Deep defence moats – missiles, seekers, radars, counter-UAS
✦ Hyperscaler EMS inflection – design → manufacturing leverage
✦ Capex tied to high-value systems, not generic capacity
✦ Low debt, zero dilution, portfolio cleanup underway
- This rare mix of visibility, operating leverage, balance-sheet strength and strategic positioning is exactly what drives multi-year re-rating cycles in defence tech names.

No Buy/Sell Recommedation
#StocksInFocus #StocksToWatch #Axiscades #defence #axiscades

[Dr prashant bhamare @dr_prashantsb]

नियमित वाचन करणारे आणि वाचन न करणारे यांच्या मानसिकतेत काय फरक असतो पहा...

[Karan Rajpal @IronyMeter]

People keep looking for simplification of complex ideas. But beyond a point, dumbing down takes away every detail that matters.

Here are the articles from just one day's Hindu Business Line. They tell you more about a sector and two companies than a hundred Twitter threads every will, or book summaries.

I recommend reading Hindu Business Line and Business Standard everyday. No reco on the Stock or sector mentioned here.

[Suhas More @suhasmore1111]

शुभ दिपावली
Wish all of you very happy Prosperous,Peaceful & happy Diwali 2025.

[Chart Wallah @Chart_Wallah108]

𝗔𝗫𝗜𝗦𝗖𝗔𝗗𝗘𝗦 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 𝗟𝘁𝗱

35th AGM Notes ✍️

Fy26 Guidance :
- EBITDA : 200 crores 🔥
- Infra capex : 150 crores

165,000 sq ft Devanahalli Aeroland facility operational ~ Oct 2 2025

Growth expectations :
- FY26-27 : 40-50% 🔥
- FY28-30 : 70-80% 🔥🔥

Revenue in Fy25 : 1,031 crores
Revenue by Fy30 : 9,000 crores 🔥🔥🔥

By 2030, services to be 22-25% of revenue & solutions/products to be 75-80%

[Intrinsic Compounding @soicfinance]

What are your key learnings from today's session?

Hopefully, you loved this webinar!

[Market Rebellion @RebellioMarket]

Mark Minervini Setup
How to find stocks

Screen stocks that are within 25% of their 52-week high

Eliminate the following stocks

Eliminate stocks trading below 30

200 MA is rising for at least 3 months

50 MA is above 200 MA

Current price is above 200 SMA and preferably above 50 too

Current price is at least above 100% from 52-week low

The stock should have made a 52-week high at least once every 4 to 6 months

Buying Pattern

Make stock list every week after weekly closing

Use weekly charts

Use Volatility Contraction Pattern (VCP)

Use only Price and Volume

Stocks moving up with good volume and then falling with lower volume (consolidating) is good

Use weekly charts

AMO daily charts are good for seeing setting of the stock

Look for volatility contraction in daily charts (just for looking entry)

You don’t need to find new candidates every day, try to add to existing position

Breakouts should happen between 4–8 weeks

Win rate is only 50%, so be prepared

Post Buying Monitoring

Follow up buying

Green days vs Red days

Up Volume vs Down Volume

Tennis Ball Action

Shallow Pullback

VCP Pattern

Volatility Contraction Pattern (VCP)

To calculate volatility contraction, divide swing low by swing high then -1 gives the % drop in volatility

There should be ideally 3 VCP

Each time volatility should decrease by ideally 50% (not a hard rule)

Buy when the previous swing high is taken out

With volatility, there is also time contraction which is very similar to price contraction

Take a stock for 2 VCP only if the second contraction is more than 70%

Stop Loss Calculation

Plot 20-period ATR on daily chart

Calculate 2× of the above value

Use this value as your stop loss

Use maximum of 10% as stop loss

Here’s Mark Minervini coming into the ‘95 uptrend based on what stocks met his criteria. He didn’t get really aggressive until April ‘95 - had an incredible 413% return that year! From ‘Trade Like A Stock Market Wizard’ - Minervini 2013

[Suhas More @suhasmore1111]

@vardhiitbhu SJ logistics plz

[Intrinsic Compounding @soicfinance]

Favourite slide from today's webinar

The Exit Chakravuyh for retail investors. Study this carefully

[Intrinsic Compounding @soicfinance]

India’s shipbuilding value chain - who does what, in order

> Integrators (Yards): final assembly, hull blocks, outfitting, trials. Examples: MDL, Cochin Shipyard, GRSE, Goa Shipyard, L&T Defence.

> Hull & Structural Steel: marine plates, sections, bulb flats, superstructure fab. Examples: SAIL, JSW, Tata Steel, Pennar, L&T Heavy Engg, Krishana Defence (bulb bars).

> Propulsion & Powertrain: diesel/gas turbines, gearboxes, shafts, CPP/FPP propellers.
Examples: BHEL, Kirloskar Oil Engines, Siemens India, ABB India, CG Power.

> Electrical Power & Distribution: alternators, switchgear, power mgmt, motors, cabling. Examples: BHEL; L&T E&A; Siemens; ABB; CG Power; RR Kabel; KEI; Polycab; Finolex.

> Sensors/Combat/EW (warship-heavy): radars, sonars, EO/IR, EW, SATCOM, secure radios, CMS.
Examples: Data Patterns, Astra Microwave, Tata Advanced Systems, MTAR, Paras Defence.

> Outfitting & Safety:
- HVAC & environmental control (chillers, AHUs, cold rooms)
- Pumps/valves/fluids, piping/tubes/fittings
- Deck machinery (winches, cranes)
- Safety & life-saving
Examples (select): Elecon, Kirloskar Brothers, Shree Refrigeration (Marine HVAC), Blue star

> Propulsors & Special Materials; Yard Services: propellers/shafting/bearings; composites/radomes/special alloys (e.g., Paras Defence, MIDHANI).

> Yard infra: dry docks, syncrolifts, cranes, MRO/repair (e.g., CSL repair, L&T, Adani ecosystem).

Disclaimer - Not a recommendation to buy/sell