Ashish Malani

A long Thread on new addition to portfolio. Stock Name : E2E Networks Sector - AI/ML Cloud Potential 10x candidate Current Valuation is 300 cr approx. Fy 23 Revenue is 65 Cr. OPM is 50 percent Operating Profit 33 Cr FY 23 PAT is approx 10 cr. BUT FY 23 Cash profits are 30+ cr.

Since the Hormuz crisis began, polymer prices surged over 40% in weeks. Naphtha nearly doubled. Indian PVC prices jumped 78% in a single month. Asian plastic factories are going dark. American ones are running at maximum capacity. And somewhere in all this, we realised we don't actually understand what plastic is.🧵👇

@SNingudgekar @JatinJadhav0909 The bottom is now done for good. Next 12 months to be extremely rewarding for investors

During the bloodbath most were silent. People disappeared, blamed markets Real lesson - Conviction > noise Grateful for friends who kept me focused on fundamentals for 6 months @malani4u @JatinJadhav0909 They said buy the dips I chose gold no regrets In markets survival > hype📈

@Gautam__Baid Many microcaps in this segment will become multibaggers in next 3-4 years. But very few IP/Tech focused listed opportunities in india. Ancillaries and promoters with strong execution capabilities will create huge wealth

Data centre & power ancillary stocks are poised to be the leaders of the next bull run in India. Look for businesses with big operating leverage potential, or scope for significant margin improvement due to product mix change.

@ShridhantS Sadly we dont have any companies like Vertiv which have technology and IP. And none of the companies mentioned above can be a pureplay on data centers/AI. And most of the companies mentioned already trade at insane valuations.

DATA center DATA center cooling market to see $2.5 bn investment Listed space company ⤵️⤵️ Amber Voltas Krn heat exchange Hitachi Blue star Schinder electric & many more

Highest number of stocks hitting 52 week lows post covid

Both are wrong. The other player in the atm industry went bust. A consolidation is happening herr. Swill will then drive future profits and cashflows. They bought airtel after the consolidation of the industry. They like to place bets in situations where existing players consoles and competition gets eroded , which actually helps the survivors make high ROE and ROCEs

Trying to understand PPFAS’ thesis on CMS Info Systems 🤔 On one hand, the business faces structural headwinds - rising UPI adoption, rationalization of low-performing offsite ATMs by private banks , and declining cash usage. Yet, CMS continues to invest consistently. On the other hand, this could be a play on a cashflow-rich business where future growth is driven by technology and AI solutions, managed services (end-to-end ATM operations), and new ATM additions led by PSU bank contracts. Which lens makes more sense according to you ?

Vijay Kedia invested in Tejas Networks at a time when the cash on books was as much as its market cap. Without talking about what Tejas went on to become since then, But the way there has been correction in the broader markets there are many cos with strong balance sheets, with many cos which did IPOs in last 2-3 yrs & have seen more than 70 percent correction in stock price but holding immense cash raised through IPO. Whenever the broader markets rally after the pain of last 18 months, will see many such names regain their glory & will be the multibaggers for the Investors of today. Only at this point we'd understand that multibaggers are not discovered, only stocks are picked with such strong balance sheet and in such harsh times at those juicy throw away valuations.

@malpani Most of these landlords made windfall profits in opium trade from mumbai

The reason so much of Mumbai is owned by Parsis is because they were cronies of the British Raj and sucked up to them.

Gold has fallen 16% since the Iran war started. Everyone is asking: why is gold falling during a war? Wrong question. The right question is: who was holding gold, and why did they sell?

Eleganz Interiors Ltd approved the issuance of up to 8,00,000 convertible warrants to promoters on a preferential basis, subject to shareholder approval. The board also approved expanding the company's main object clause in its MOA to diversify business, including construction, interior works, technology systems, energy solutions, and facility management. Additionally, the company will invest ₹1,00,000 in SAR Universal Infra Private Limited to acquire a 33% stake, expanding into scaffolding & machinery rental services. 📊 ELEGANZ INTERIORS LTD | 🏷️ Outcome of Board Meeting 🌐 Details: wegro.app/CLk6W5 ⚡️Instant stock alerts on WhatsApp - Try FREE 👉 wegro.app/go

Research Notes On Aeron Composites. Potential 3-5x multibagger from CMP 80Rs. Market Cap - 140 cr PE- 10x Aeron Composites manufactures and supplies Fiber Glass Reinforced Polymer (FRP) products which includes Pultruded Products, Moulded Gratings, and Rods. It has 5 major categories that drive volume and sales up to 80%: cable trays, FRP rods, moulded gratings, FRP rebars, and one more. Triggers for buying? Margins will go up from 8% to 12% on a sustained basis. Key reasons: 1. Shifting to a new factory has allowed the company to bring more process improvements and enhance efficiencies. 2.Also implementing IoT for better tracking and efficiency; hired a consulting company. 3.Savings of ₹32 lakh/month of rental expenses started from October. 4.Savings of ₹10 lakh/month from solar starting December 2025. 5.FRP rebars have 2x gross margins as of now; will slowly go down in the next few years as more competition comes in. 6.H2 EBITDA margin expected to be around 12–12.5%. 7.Full-year 10% EBITDA. 8.10–15% topline growth guidance for FY26. If the geopolitical tensions ease, growth will revert to 30%. 9.Current utilisation around 55–60% post expansion; will move to 70 in an year. 75–80% is peak utilisation. Key notes on risk side: 1. Company has 55% sales from exports. So geopolitical uncertainty is bad for business. 2. No contingent liabilities; on the warranty front, no claims in the last 10 years or so. 3. The top 10 clients contribute 30–40% of revenues, but they are different every quarter and every year. 4. Major raw materials are glass fibre, polyurethane, and polymer resins. Most are procured locally, although some are imported by suppliers. Can be volatile and can sometimes have short term impact on sales. 5. Working capital cycle is around 60 days, but the company had built up stock for key products to avoid impacting sales while moving the factory. That’s why the inventory build-up. The new factory already started. Should normalise again by end of the year. 6. R&D expenditure currently is around ₹2.5 cr; will go up as the company starts carbon fibre pilot production. Ongoing expansion: 1. Currently 3 rebar machines. Total capacity of rebar with 9 new machines will now be around 3,300 tonnes (1,500 tonnes of rebar and 1,800 tonnes of rebar bends). 2.RM cost for GFRP is around ₹100/kg and is sold at ₹140/kg. FRP rebars are being sold at ₹180/kg and have higher margins. 3.The company expects 12–13% margins to be sustainable going forward and to increase further in FY28 when carbon fibre commercial production starts. 4.The company has ordered machinery for carbon fibre and has started hiring for key positions. Trial runs to start in the next few months; approvals will take some time. 5. They are going to make carbon rods, planks for windmills, and specialised products through autoclave technology. 6. Rs 17 cr invested in plant and machinery for carbon fibre will generate ₹50–60 cr of revenue at optimum utilisation with 25% EBITDA margins, likely from March 2027. 7. The company has extra space in the current facility to further ramp up FRP production capacity by another 10,000 tonnes. 8. On export incentives, the company gets 2.5% of sales as incentives, likely to be the same as last year. Conclusion: The growth is likely to stay muted in the near term because of political uncertainties. Once this is settled and the new factory ramp-up continues, the company expects to again grow at 30–35% like it has historically. EBITDA margins: •FY25: 8% •FY26: 10% •FY27: 12–13% •FY28: 14–16% (as carbon fibre production takes off) All new investments are into products with slightly longer gestation periods but higher margins, leading to a change in product mix. In 2–3 years, they can do a ₹400–500 cr topline with 13–15% EBITDA and 9–10% PAT.

@patnaiksatish84 Was a typing mistake. Kindly ignore. I meant all such prefs which happened at higher prices and then the stock corrected . The investors backed out. And pref eventually got cancelled.

@malani4u Ok. But why did you delete your previous post ?

Maxvolt - Two UCs in last 2 tough sessions Pre IPO unlock pressure, is that over? Not sure TTM PE = 16.4 Price = 275 Pref decided @ 440 Rs

@patnaiksatish84 All the prefs failed, this too shall fail. So dont consider pref price to be of any significance.

@malani4u All such people? Don't know... I am poor in predictions...

@BrodaFromMroda Yes, agree with you. On my radar, a leader now trading below book value. Generates 100-150 cr cashflow and trading at 5x earnings. Will re-rate eventually.

Agarwal Industrial Corporation A company that has been severely affected due to ongoing situations! Its been a leader in Bitumen Imports + Uses Ships for most of its transport. Owned + Chartered ones. A marquee investor is also here and pretty sure, stock is atleast INR 100 Rs down from his price😅 Wouldn’t be surprised if he buys more However this one would be amongst the FIRST ONES TO RALLY UP when situation around Strait of Hormuz reopening + Crude oil going down gets confirmed. A rebound trade that can do 50%+ on Upside only on sentiment change! Should keep situational check and this one on Radar. Using the platform as repository to my ideas and working evidence (Standard disclaimer - Don’t treat it as a recommendation. Research well, exercise caution, and do your own diligence, without borrowed decision making) Also it can go down even more! #cigarbuttinvesting

Very true Pratik bhai 🙏 Micro-smallcaps are the most hated right now — and that's exactly why they're interesting. Historically, the best entry points in small caps have always come when: • Median stock is down 40%+ • Retail is exiting in panic • Nobody wants to talk about them We're at ALL THREE right now. For patient investors with a 3-year view — this is not a time to fear, it's a time to make a list.

Never ever take a travel policy from @policybazaar I took a @CareHealthIndia travel policy from Policybazaar. My flight from Dubai got delayed by more than 4 hours (Jan 2026). I put in a claim as > 4 hours delay, a compensation was to be paid as per policy document. And then the nightmare started. They asked for some docs, which I sent. Policybazaar RM follows up. They keep calling that Care Insurance requires more docs. I tell them it is too much an hassle and I don't want to pursue the claim. But they pursue me to send the docs and they will do the followup with Care. Policybzaar keeps calling and I do give the docs. All that are required. As claim amount is not worth the docs they keep on asking everytime, I decide not to pursue. Care keeps asking for already sent documents. Policybazaar has no clue. Each time different RM calls. I tell them don't call me. But I keep getting calls. And Care keeps sending mails and SMS asking for docs already submitted. It seems Care doesn't want to pay. Fine, I have learnt my lession. I will never buy again from Care and Policybazaar. I don't want the claim. Stop the harassment. Please don't call me again.

@jitenkparmar @policybazaar @CareHealthIndia Care is the worst of all insurers. Even though we had cashless insurance for health. They did not allow us. The cliam was dragged for months asking same papers again and then was only paid partially. Hopeless company with NO customer CARE for real.

@LearningEleven I beg to disagree, this is a market where you look for mispriced opportunities, buy big, pyramid up and sit tight. Huge re rating for stocks below 2000 cr mcap likely sooner than later.

This market is increasingly becoming one where you book profits every 15–25%, wait for a dip, buy again, and then once more exit at a 15–25% gain. Repeat the cycle.

Indian smallcap & midcap stocks always get hammered during an oil price shock. Largecap quality stocks also eventually crash, but at the very last. That's when the bear market finally comes to an end. And a new bull market is born. Amid complete despair. When all hope is lost.

@Akmal664397 @PULSEOFPROFIT10 @abhishekcjain They said a lot of things. Its out job to do our own research and DD.

@PULSEOFPROFIT10 @malani4u @abhishekcjain Once they said Danlaw target price is 5400

Kudos to Arihant Team & @abhishekcjain for hosting Bharat Conference Why? 1. Available to everyone without cost 2. Covers almost all companies 3. Conference Notes available for free 4. The timing - at the bottom of market, every management sound very honest and generous which plays huge role in analyzing the company