Anand Parekar

I wish this company did regular concalls...

Timex Group India posted fabulous set of numbers in a quarter that typically is not the strongest for them, Q2/ Q3 are generally big for timex with gifting and festival period demand.
FY26 is their best and highest ever year since being in the market for so long.

The filip actually came post covid when everyone grew conciuos of their lives and YOLO sentiments gave boost to aspirational consumption.
Timex positioned themselves well, selling high end branded and licensed watches like Guess, Versace etc. product mix got better, margins improved.

Q4FY26:
Rev: +73%, EBITDA: +167%, EBITDA%: +600 bps

FY26:
Rev: +48%, EBITDA%: 14.5%, +570 bps

They recently doubled manufacturing capacity with addional shift in baddi , Himachal plant

More details soon in short video.

Stay Tuned!

1 week ago (edited) | [YT] | 11

Anand Parekar

Manorama is no more just a new kid on the block. It continues to maintain legacy of high growth trajectory.
This quarter and FY26 again has delivered robust numbers

Q4FY26:
Rev: +64%, EBITDA: +61%, PAT: +41%, EBITDA%: 26.9% (-54 bps), PAT%: 15.6% (-259 bps)

FY26:

Rev: +76%, EBITDA: +92.5%, PAT: +108%, EBITDA%: 27.1% (+230 bps), PAT% 17.2% (+264 bps)

PAT growth is bit slower.. feels bad to call 40% growth bit slower but that's the kind of expectation with go in with Manorama isn't it?

Looking at details - cost of goods has spiked in Q4 impacting gross margins thus effect flowing down to EBITDA % and PAT%

Concall can throw more light on developments. but after raising guidance twice in FY26 they have even surpassed that delivering 76% yoy revenue growth, which is awesome!

More capex is on cards so more room fro growth

May Manorama keep doing good stuff it does..

#q4fy26 #manoramaindustries #highgrowth #fmcg #confectionary

3 weeks ago (edited) | [YT] | 11

Anand Parekar

Slightly longer post, but be patient while reading!

That was the exact message I shared exactly 15 days ago that everyone is talking about today - "Don't get carried away" looking at Q4FY 26 results

Watch this - youtube.com/shorts/VSXnlQnfi2...

- War pressure wasn't felt much in Q4, probably only in just last 3 weeks of march, which will obviously be a different situation in Q1
=> Higher energy prices
=> Delayed or less fuel/gas supply
=> Other raw material price inflation
=> Lower demand due to job cuts/ poor job market sentiment
=> Lower price inventory now already over/consumed
=> Pressure on Rupee resulting in expensive imports
=> Softer and delayed Monsoon expectation

This will hit probably all the businesses in some way or other immediately or with delay and directly or indirectly.

So, don't get gung ho looking at Q4 results, that's driving a car looking in the rear view mirror.

Not to forget - businesses closer to vulnerable strata - tier 2/3/4 could be even more impacted with energy crisis - If you listen to news emerging from rural/ semi urban areas - diesel/ petrol availability is a big challenge, LPG situation is neither great.

e.g. farmers who get farm harvested using rented tractor/ machines aren't getting diesel, labor costs have also surged. This is ground reality. Many have moved back to coal, firewood.

So, MFI upturn which we are witnessing currently on back of improving profitability after long period could get hit again and their good times could end abruptly.

Don't be even surprised if companies reduce their guidance, lower down growth/ margin forecast or reduce or delay capex plans - all this will mean slowdown and that's not going to be liked by market.

Already DCB, KVB bank, SBFC have toned down investor expectation with cautionary stance - just an example.

Doesn't mean companies wont find ways to navigate around this situation but wont even be able to stay 100% isolated from impact.

So, analyze whatever stocks you have in your portfolio from a above scenario lens and then decide pace of capital deployment.

Go Slow!

#q4fy26 #middleeast #war #crude #highenergyprices #modi #gold

3 weeks ago (edited) | [YT] | 3

Anand Parekar

Market taking cognizance of RR kabels result and suddenly realizing why the hell were we giving lower valuation to RR kabel ?

RR Kabel's re-rating is result of better performace and it now is standing next to the likes of KEI amd Polycab and not behind them, which was the case in the past.

And that's the beauty of the market.

When company keeps delivering and promises to do so in future, market has to take note of it some day especially when it's products are selling like hot cake.

#rrkabel #polycab #kei #q4fy26 #wireandcable #rerating

3 weeks ago (edited) | [YT] | 3

Anand Parekar

Q4FY26: So all top three companies in the affordable housing space have posted numbers and India Shelter officially continues to lead affordable segment

India Shelter:
AUM: +29%, GNPA: 1.2%, NNPA: 0.9%, PAT: +27%, ROE: 17.6%, Credit Cost: 0.3%

Home First:
AUM: +24.9%, GNPA: 1.8%, NNPA: 1.4%, PAT: +41.4%, ROE: 14%, Credit Cost: 0.4%

Aptus Value Housing:
AUM: +21%, GNPA: 1.5%, NNPA: 1.2%, PAT: +26%, ROE: 21.2%, Credit Cost: 0.5%

#indiashelter #homefirstfinance #aqptuvaluehousing #q4fy26 #growthstocks

4 weeks ago (edited) | [YT] | 4

Anand Parekar

Companies that I'll analyze in Q4FY26 result analysis series long/short video format are:

1. India Shleter
2. Capri Global
3. KEI
4. SW Solar

#q4fy26 #results #q4fy26earning

4 weeks ago | [YT] | 6

Anand Parekar

Q4FY26 India Shelter: Slight Miss on AUM growth but Asset Quality Improves

If you plot a trend of GNPA in FY26 it had gone up from 1% to 1.2% to 1.5%, also NNPA inched up from 0.8% to 0.9% to 1.2% by Q3FY26

Additionally 30+DPD was inching up slowly to 3.1% to 4.5% to 4.7% to 5%.

Q4FY26 changes this trend

Asset quality improved GNPA back to 1.2%, NNPA 0.9%, 30+DPD falls to 4%, collection efficiency improved to 100%

So, good turnaround in asset quality, but is it one of or sustainable trend? - Concall can give more clarity.

and Not to forget - growth slowed as asset quality was focus - so many companies but same old story - how many times we see this - ALWAYS.

AUM growth at 29% is slowest in probably 8 quarters for India Shelter - but Still this could be best growth in its segment by any company I believe (I'll wait to see what Home first finance does)

So nothing much to worry - but Concall will again be key to understand ground situation

Stay Tuned!

#q4fy26 #housingfinance #indiashelter #homefirstfinance #growthstocks #affordablehousing

1 month ago | [YT] | 4

Anand Parekar

What can better define consistency than SBFC results

FY26: AUM: +29%, Branches (+46), GNPA: 2.61% (-13 bps), PAT: +31%

Q4FY26: AUM: +29%, Branches (+21), PAT: +31%

concall will give details about ground reality of MSME stress and growth outlook for FY27

Stay Tuned!

#sbfc #nbfc #msme #growthstocks #msme #q4fy26

1 month ago | [YT] | 7

Anand Parekar

The numbers from Persistent are worth noting given the situation

Q4FY26: Rev: CC Growth: +16.2%, INR Growth: +25%, PAT: +34%

FY26: Rev: CC Growth: +17.4%, INR Rev Growth: +24%, PAT: +33%

And this is 24th sequential quarter of revenue growth

First of all it is adapting quickly to AI solutioning - deeply focused on product & platform building rather than just traditional software servicing and has witnessed growth in all 3 verticals Hitech, BFSI & Healthcare- Lifesciences.

- It continues to garner deal wins, $600 mn in Q4

- Margins are intact, EBITDA%: 16.3% (+70 bps YoY), PAT%: 13.1% (+90 bps YoY)

- Continues hiring folks, though at slower pace now

No doubt there is slightest slowdown vs what it used to earlier in terms pace of revenue growth but it can see uptick as situation improves globally.

Rupee depreciation also helps get boost in rupee terms but can't deny good underlying growth in its overall business.

#persistent #q4fy26 #midcapIT #highgrowth #ITcompany #results

1 month ago (edited) | [YT] | 4

Anand Parekar

Evident Bullmarket : Power Stocks

Get Up -> Watch Power Stocks Move & Be Happy if You have in Your Portfolio -> Sleep

That's the kind of relentless move witnessed currently across Power related companies especially equipments/ infra supporters

It's long term trend and wars and turmoils have made energy security way more important than ever and AI is adding fuel to the fire...

Q4fY26 results coverage start this weekend...
Stay tuned!

#Power #energy #kei #polycab #tdps #taril #transrail #qualitypower

1 month ago (edited) | [YT] | 6