MC Investor

#OrianaPower #TrueRE Projections 🔥 As anticipated below 👇, the long term projections are getting revised for Oriana Power. (Source: AGM) Below is the summary ✅ FY26 Rev and EBITDA to be 2x of FY25.🔥 ✅Base Margins to sustain or improve ✅ FY27 to be 2x of FY26 🔥🔥 ✅ FY28 onwards target is 70-80% growth ✅Orderbook: 4500 cr including L1. ✅BESS: Guidance Upgraded from 3.5 GWh by FY30 to 20 GWh by FY30 🔥🔥🔥 ✅Quarterly reporting from Q1FY27 ✅Mainboard listing possible post Aug 2026 So far - Terrific management, Walking the talk!

Interview with Nebius Co-Founder Roman Chernin Please like & share this video so that all $NBIS investors on X will see it! :) If you prefer watching on YouTube: youtu.be/ZSo4tWCw4NU Timestamps: 00:00 - Why AI Infrastructure Is So Hard to Understand 00:24 - Market Fragmentation and What Actually Differentiates Providers 01:30 - Consolidation, Segmentation, and the Future AI Cloud Landscape 02:56 - What Analysts and VCs Still Get Wrong About AI Infrastructure 05:34 - Nebius Cloud: Product Readiness and Customer Proof Points 07:42 - Why Inference Workloads Are Exploding 09:11 - Training vs. Inference: How AI Models Actually Reach Production 10:10 - Why Inference Market Share May Concentrate Around a Few Winners 12:36 - Customer Use Cases: Coding, Enterprise AI, and Real-World Adoption 14:01 - Why Integrated Training and Inference Matter Strategically 16:01 - Building Scalable AI Infrastructure With High Utilization 18:24 - Token Factory: Inference as a Managed Service 20:24 - Revolut Case Study: AI-Driven Product Enhancements 22:56 - Token Factory Performance Optimization and Competitive Advantage 25:07 - Scale, Capacity, and Efficiency as Growth Drivers 28:36 - Why Inference Capacity Could Become the Next Major Bottleneck 30:10 - How Nebius Benchmarks Performance Across Providers 33:14 - The Future Size and Shape of the Inference Market 36:38 - Value-Based Pricing: Moving Beyond Cost per GPU Hour 40:55 - How Nebius Wins Deals: Quality, Performance, and Customer Experience 44:53 - Autonomous AI Platforms and the Rise of Agent-Based Models 47:28 - Tavily, Agentic Applications, and the Next Layer of the AI Stack 50:45 - Strategic Trade-Offs: Scaling, Product Roadmap, and Customer Relevance 55:40 - Final Thoughts: Adapting to the Next Shift in AI Workloads @nebiusai @romanchernin

OpenAI rumoured to have "missed the target"... and Nasdaq is painted RED #OpenAi #Nasdaq

@NeuralCadence @daniel_koss Would be great to have a sight of this useful data!

@daniel_koss Filling in all the official announcements in a spreadsheet and penciling in capacity for the collocations where they did not announce exact capacities. I will update it this weekend and send it to you.

$NBIS guys I need your help! Who on X has THE BEST model, insights or tracker of how much capacity Nebius will have ready by end of year? Looking for someone who tracks all the different sites and progress! Please tag that person in the comments or send their posts to me via DM! Very important for my Nebius deep dive and valuation model! :)

Rajesh Power : Good results! Doesn't warrant such a sharp sell-off 😂. Trading at 15x FY26 with expectations of 35-40% growth in FY27. PAT margins largely stable around 9%. Cash and Bank Balance 65cr. Working Capital days (Receivable Days + Inventory Days - Payable Days) improved from 42 days in FY25 to 33 days in FY26. Including huge retention money, WC days increased from 84 days to 96 days (due to substantial 52% jump in revenue with 4Q accounting for a larger execution on high base). Operating Cash Flow is negative due to other long-term assets, most likely retention money (-161 cr i.e. 10% of revenue) which is not due immediately.

AI only just starting! OpenAI ups is plans from 10GW to 30 GW! GPU Infra and Neo clouds expect to benefit ! - Big and Small! $Nbis $Crwv $iren $Cifr $Googl

$NBIS $CRWV Great to to see Nebious ( $Nbis) and Coreweave ( $Crwv) up with the best amongst GPU clouds 🚀🚀 $Iren has catching up to do!

$QQQ $SPY THE NASDAQ ENDS FRIDAY WITH A 13 DAY WINNING STREAK, THE LONGEST SINCE 1992. Since March 30th 2026: Nasdaq +16% S&P500 12% One of the fastest record recoveries, and to top it, ATH close for the markets.

Good going!

Breaking News #Ceasefire #USAIran Ceasefire. 🔥🔥 Futures are running!!! 🔥🔥 Dow up over 1,000 points. S&P 500 over 2.5% !

Big targets. economictimes.indiatimes.com/industry/renew…

And from PM Modi now. Good! #indiaustradedeal #PMModi #Trump

And...

#USindiatradedeal #PMModi #Trump And Finally the Trade Deal! Headline number : 18%

President Trump just spoke with Prime Minister Modi. STAY TUNED…

Eos has been refining the pixels behind the scenes — tomorrow the full picture comes into focus. Register here: edge.media-server.com/mmc/p/73v2z9ab/

Such a sad news. Just 47. RIP Siddartha Bhaiya. #SiddharthaBhaiya #SidBhaiya #Stock #StockMarketIndia

#kiriindustries One long thread for the New Year. wish you all a very happy and prosperous New Year 2026. A new poster boy in the town!! Copper + Fertilizer story. Should we excited about the opportunity. After a decade of legal hassle, they have received 5800 Crores (roughly) of cash into their account and no second thought to call it a BS reset event. But is there value unlocking given their ambitious copper smelting plant and what it means to Investors?? Copper smelting plnt will generate sulpuric acid as waste which can be used in their dye mfg. and we already witnessing the EV adoption in India and globally and people are already calling copper as the next Gold. In Sep'24, Claronex (100% offshore arm of Kiri) has bought 96.83% stake in IACL and now IACL is wholly owned by Kiri Ind. Currently, they have 1,223 Crores of borrowinga in their books with 224 crores (TTM basis) expended towards servicing the debts. The sensible thing for them to retired the entire or partially (high interest bearing and I beleive most of the junk is secured from NBFCs carrying higher ROI). Operating margins from dyes have been negative with some lumpy other income. will come to this later. From their Aug' 24 EGM, we come to know their proposed Capex plans as follows. 1. Overall propsoed capex of around 16,000cr for 1 MTPA copper + 1.65 MTPA fertilizer (integrated complex) 2. Out of the above, Phase 1 planned for ₹2,450cr to produce 0.2 MTPA (200k tpa) copper + 0.5 MTPA DAP/NPK fertilizer 3. Phase 2 - 500k tpa next, with a smelter + scrap furnace + refinery concept So let's leave the 1 MTPA or Phase 2 of 500k tpa. Let's focus on the Phase 1 of 0.2 MTPA for our analysis. When I try validated their proposed capex against other players, come across JSW group planning for a 0.5 MTPA copper smelting plant with the planned capex of 12k crores. a rough math for 0.2 MTPA works out to 4800 Crores whereas Kiri has planned for 2,250 Crores. Well I am not an expert here. From the limited research, looks like the capex depending on various factors like depending on the scope like smelter+refinery+acid+utilities+port logistics, etc. Let's assume, they will retire the entire debts of 1,200 Crores and deploy 2200 Crores++ (since the design and initial phase of copper smelting plant already begun with IACL, let' presume some money has already been expended to date and they will be able to complete the planned capex within that budget). this may bring a saving of 220 Crores++ p.a. on interest cost (5800 - 1200 - 2200 = 2,400.. Still a lot of money to cater to working capital and plan for rhe Phase 2 as well) Currently, EV drives the copper demand. With gold and silver rallying like there is no tomorrow and copper will have a long run way ahead.. In my view, the bigger determinants of success are execution + feedstock security + TC/RC cycle + environmental compliance for Kiri. the capex may be ready for commercials in the next 30 - 36 months. So long gestation time at least for now. Dyes segment is going through a high level of volatility with china excess caapcity, pricing cycles,... sulphuric acid is a key component I may have to agree but not everything to produce dyes. On positive side, textile demand may boost the demand.. let's see.. but don't forget that smelter's acid can be marketed as a aseparate by product as well as RM for the downstream fertilisers/ chemicals. Now come to nos. Phase 1 outputs per Kiri - 200k tpa copper may geenrate 13k to 16k Crores of revenue p.a (depending on the price volatility and given the EV demand, may expect the base case to sustain) and 0.5M tpa DAP/NPK may geenrate say 1,250 to 2,250 crores (roughly and again highly volatile price xycles). So phase 1 if completed as planned with 36 months (let's assume of safer side on or before mid or end of 2028 as the design work and necessary approvals are already WIP) will generate 14k to 18k crores (top range based on full capacity utilisation). On top of it, Smelters often run on the following - Treatment & refining charges - By-products credits (sulphuric acid, precious metals depending on feed) - Power/oxygen/acid plant efficiencies I don't expext margins to sustain beyond single digit for many cycles. Havind said, feed security, integrated downstream, logistics, byproduct monetisation determines the margins... JSW is planning for an integrated model to include the above and may command double digit margins. Not sure about Kiri and let's await management commentary. Too early to jum the un now. but assuming a conservative 10% OPM, may see 1500 to 2000 crores of contribution ( currently negtaive margins from the dyes on TTM basis). PAT of 1200 to 1500 Crores and with the current Shareholding (6 crores shares) will contribute an EPS of 200 to 250.. Even assuming no contribution from Dyes segment, the forward looking is very strong and roibust. CMP is 718 and .... for you to fill in the fair value and all. Some references for your further study and analysis. Hindustan Copper - only integrated player Mining, Smelting, Refining, Continuous cast rods/other copper products (incl. sulphuric acid and by-products) currently operating at 40% margins. Hindalco and Vedanta are other good names who operate in copper smelting along with other verticals but don't publish margins from copper segment. so 10% OPM is pretty much conservative and can trail above 25-30 PE in the longer run. but pls remember the cost of processing concentrate (TC/RC) will shrink the margins. how they manage to market the by products and scale up say any vertical integration may uplift the margins. If the execution goes on line, this could be a massive compounding story, but will play out after 2028 and beyond. The latest from the management commentary.. "Construction work has already commenced with a 36-month completion timeline commencing from 1st October 2025". Not a buy or sell reco nor I am currently holding this stock. DYOR before investing.

Consensus reduces Regret, not Risk. Independent thinking Compounds. Right decisions need NOT be Unanimous!

This is great advice that I had the privilege to hear from Mr. Buffett at age 24. Other than my parents, no one has had as profound influence on me as has Warren Buffett. Mentors can be life changing. Find one when you are young.