Tushar Sarkar

🚨 Ethanol stove can cut household cooking costs : Nitin Gadkari

SEBI CHAIRMAN TUHIN KANTA PANDEY SAYS MORE HOUSEHOLD SAVINGS ARE FLOWING INTO CAPITAL MARKETS THAN EVER BEFORE

🚨 Ethanol stove can cut household cooking costs : Nitin Gadkari

Vidya Wires Q4FY26 Concall Updates 🔶️ Key Highlights • FY26 volume stood at 18,024 MT (+6.5% YoY) • ALCU Industries started operations on 7 Feb 2026; contributed ~800 MT in Q4 • Capacity expansion from 19,000 MT to 35,000-36,000 MT targeted by Diwali FY27 🗣 “ALCU is the physical manifestation of our intent to move up the value chain.” 🗣 “FY27 will be the first full year where we hopefully realize the consolidated benefits of our expanded capacity.” 🔶️ New products launched • Aluminium enamelled wires & strips • Aluminium paper-covered conductors • PV round ribbon • Multi-paper covered copper conductors • Copper bus bars 🗣 “The demand for the products is too good.” • Products targeted towards EVs, renewables, transformers and grid infrastructure • Management expects better EBITDA/ton led by higher value-added products and aluminium portfolio • Working capital cycle at ~60 days; target to reduce to 50–52 days • Debtor days targeted from 41 → 35 days 🔶️ Segment mix: • Power & transmission: 51% • Electricals: 27% • General engineering: 13% • Renewable & EV: 7% • Consumer durables: 3% • Export mix currently at 12%; long-term target of 25% exports • Export margins higher than domestic 🗣 “We expect that total capacity is 50% to 60% we should be able to utilize in this year.” Disclaimer: No recommendation. For educational purposes only.

Stop scrolling, log in to CompoundingAI ! Vintage Coffee and Beverages - Q4 FY26 Results Revenue nearly doubled in a year. Every guidance line delivered. One number that needs watching. Q4 numbers: Revenue ₹165.31 Cr - up 57.2% YoY and 9.8% QoQ. EBITDA ₹30.6 Cr, margin 18.5% - up 9 bps YoY, held firmly despite material costs growing faster than revenue (+75.4% vs +57.2% YoY). Cost-plus contract structure protected the operating line exactly as management had said it would. Q4 PAT ₹21.0 Cr - up 34.3% YoY, up 9.9% QoQ. Finance costs doubled (+112% YoY in Q4) as the expansion debt kicked in, but this is known and planned. Management had guided that H2 FY26 would be better than H1. H2 revenue came in ₹315.83 Cr vs H1 ₹237 Cr - up 33%. H2 PAT ₹40.13 Cr vs H1 ₹32.06 Cr - up 25%. Delivered. FY26 full year for context: Revenue ₹553.05 Cr - up 79.1% YoY from ₹308.52 Cr in FY25. EBITDA ₹99.64 Cr - up 88% YoY. EBITDA margin 18.0% vs 17.2% FY25 - +80 bps. PAT ₹72.19 Cr - up 79.8% YoY. This is not a one-quarter story - the company has been compounding at this pace for multiple years. The subsidiary structure is important to understand: 81% of consolidated PAT comes from the two manufacturing subsidiaries - Vintage Coffee Pvt Ltd (₹49.25 Cr PAT, ₹359 Cr revenue) and Delecto Foods Pvt Ltd (₹9.19 Cr PAT, ₹90 Cr revenue). Both are 100% EOU units, export-focused. The listed holding entity contributes the remaining ~19% of PAT on 57% of revenue - it functions partly as a financing vehicle, lending to subs and earning interest income. ~88-89% of consolidated revenue is exports, consistently. The balance sheet transformation:PPE surged 193% YoY from ₹78.3 Cr to ₹229.2 Cr - confirming the brownfield 4,500 MT expansion is commissioned. This takes total capacity to approximately 11,000 MT in the spray and agglomerated segment. Cash jumped from ₹6.8 Cr to ₹86 Cr, funded by a ₹196 Cr equity raise in FY26. D/E improved to 0.22× from 0.27× despite the capex. Current ratio stable at 4.38×. The one flag and it's real: CFO/PAT at 0.20×. The company earned ₹72 Cr in PAT but only converted ₹14.6 Cr to operating cash. Trade receivables absorbed ₹54.4 Cr (up 69% YoY), inventories absorbed ₹27.9 Cr. Working capital cycle is running at approximately 130 days - management confirmed on the Q3 concall that 60 days inventory and 60-70 days debtors is the steady-state expectation for an export business with these payment terms. The Q4 spike in receivables was partly seasonal (large sales in Feb-March). FCF was −₹142 Cr - growth phase capex, funded by the equity raise not by operations. This is explainable but it needs to normalise as the revenue base matures. The next leg - freeze-dried: The freeze-dried coffee plant (₹450 Cr capex, debt-funded) is targeted for commissioning by end FY27 or Q1 FY28. This is the margin step-up story. Freeze-dried coffee commands 22-25% EBITDA margins vs 16-18% for spray/agglomerated. The product mix shift - currently ~50% consumer packs, targeting 65-70% - runs in parallel and also lifts blended margins. Once both are in place, the margin profile of this business looks materially different. Note: This is not investment advice.

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Bulk Deal in Entero Healthcare Solutions today ICICI Prudential Mutual Fund Bought 2,182,039 shares of Entero Healthcare Solutions at 950 per share (total value: ₹207.29 crores).

Shree Refrigerations quietly moved 20% from 170-180 range in last 3-4 sessions CFF Fluid also gave huge rally this month Shipbuilding sector is buzzing

FINANCE MINISTER NIRMALA SITHARAMAN SAYS GOVT IS OPEN TO RE-EVALUATING TAX SYSTEM, WILL LISTEN TO STOCK MARKET INVESTORS’ DEMANDS AND INPUTS

Please focus on following in light of huge huge development happening globally:- (1) Optical Fibres (2) Laying of underwater cables (3) T&D - transmission lines and conductors (4) Transformers (huge huge demand will come) (5) Data Centre (6) Electric Switchgears (LV & MV)

Yatharth Hospitals - Good Set Q4FY26 REV 🔼47% - 342 Cr EBITDA 🔼37% - 80 Cr PAT 🔼15% - 45 Cr FY26 REV 🔼36% - 1,207 Cr EBITDA 🔼30% - 292 Cr PAT 🔼30% - 170 Cr CFO : 205 Cr vs 131 Cr Greater Faridabad, Faridabad Sector 20, New Delhi & Agra together contributed 75 Cr in Q4, which is 22% of group REV ARPOB also improved 5% YoY to 33,283 Reported EBITDA margin stood at 23% in Q4, but adjusted for ramp-up losses, EBITDA margin was 30% PAT grew 15% YoY in Q4 to 45 Cr, while adjusted PAT grew 23% YoY. FY26 PAT grew 30% YoY to 170 Cr Cash conversion remains stready. Debtor days reduced to 112 days from 125 days last year. The next key trigger is the recently acquired 250 bed Gurugram hospital, which is expected to commence operations at the beginning of FY27. Management indicated ARPOB potential of 50k+ for this facility, which can further improve the group mix.