Tipsheet
What matters at India’s listed companies
Archive / Small cap / Page 19

Small cap

Fri · 05 Jun
5
Earnings · Consumer Food

Chaman Lal Setia sees no new signals in Q4 call — same story, same numbers

The June 2 transcript adds no new data beyond the prior concall summary. Management reiterated existing guidance on exports, pricing, and capacity.

CLSEL Small cap 2:17 PM
9
Professional Services

Bluspring's STEAG unit lands ₹2,049.8 cr BALCO contract

The five-year O&M deal for a 1,740 MW power plant is 1.65x Bluspring's entire market cap. It's STEAG's first major order since the acquisition.

BLUSPRING Small cap 1:12 PM
7
Oil Exploration

Asian Energy gets a foot in the door at Oil India. No cash yet.

The micro-cap is pre-qualified to bid on seismic surveys, but every contract still requires a separate win.

ASIANENE Small cap 12:09 PM
7
Consumer Durables

Bajaj Electricals promoters moved ₹175 cr in shares among themselves

Six promoter-group firms acquired 4.87% of the company's equity through an internal transfer on June 2. The total promoter stake is unchanged.

BAJAJELEC Small cap 11:53 AM
6
Earnings · Microfinance

Arman aims to cut operating costs by a third as it exits credit cycle

The micro-lender targets a 7% cost-to-AUM ratio, down from ~9%, with a return-on-assets goal of 3.5-4% as it shifts away from group lending.

ARMANFIN Small cap 11:33 AM
5
Credit · Engineering - Industrial Equipments

IdeaForge gets a second credit rating. It changes little.

India Ratings assigned a BBB/Stable long-term issuer rating, confirming a credit profile already established by CRISIL and the company's own filings.

IDEAFORGE Small cap 11:14 AM
8
Credit · Industrial Gases & Fuels

Confidence Petroleum promoter pledges 7.86% of equity for working capital

A single transaction lifted total promoter group encumbrance from under 1% to nearly 9% of the company's equity.

CONFIPET Small cap 10:39 AM
5
Consumer Durables

Bajaj Electricals says it's now in cables. That's about all it said.

The company has announced a new product line under its Lighting Solutions segment, but provided no investment amount, revenue targets, or timeline.

BAJAJELEC Small cap 10:32 AM
Thu · 04 Jun
6
Ratings

Court lifts three-year freeze on Care Ratings' assets

The Madras High Court vacated a Feb. 2023 injunction after Care posted security, ending a constraint on its ability to manage its property.

CARERATING Small cap 9:03 PM
6
Finance - NBFC

PTC India Financial appoints parent's risk officer as interim CEO

Rajiv Malhotra gets the top job on an additional charge. His term runs just five months.

PFS Small cap 7:10 PM
8
Paper Products

Andhra Paper's Kadiam unit is still silent. Each idle day costs ₹1.4 crore.

Workmen didn't come back after the lockout was lifted. The company now faces a total production halt, with a daily revenue loss it says is material.

ANDHRAPAP Small cap 6:18 PM
5
Earnings · Software Services

Hinduja Global keeps dividend at ₹5 despite 95% profit collapse

The payout is ₹23.24 cr, a 1.23% yield on its ₹1,893 cr market cap. The board meeting was already telegraphed.

HGS Small cap 6:08 PM
5
Earnings · Finance - Investment

Mufin Green Finance targets 300% profit growth for FY27

Management outlined a strategic pivot toward higher-margin insurance premium financing in a transcript confirming its May 28 earnings call.

MUFIN Small cap 5:42 PM
6
Concalls · Auto Ancillary

Rico Auto's revenue hits ₹2,477 cr. The real play is a ₹100 cr railway push.

The auto-component maker posted its best-ever year, but a 25x scaling target in railways is the higher-risk bet.

RICOAUTO Small cap 5:27 PM
5
Earnings · Recycling

Antony Waste's Q4 transcript adds nothing new. The results were already out.

A routine recording of the June 1 concall. No new data, guidance, or management signals beyond what the market already priced in.

AWHCL Small cap 5:10 PM
7
Auto Ancillary

Shanthi Gears names Sudhir R as new CFO after March exit

The Coimbatore-based gear maker has filled a key leadership vacancy left open for nearly three months. The new CFO is a CA with two decades of experience, including a prior CFO role.

SHANTIGEAR Small cap 5:05 PM
5
Earnings · Logistics

TCI Express's Q4 transcript adds detail. No new news.

The full earnings call recording confirms the previously disclosed FY27 guidance cut. This is a procedural filing.

TCIEXP Small cap 3:22 PM
6
Earnings · Two & Three Wheelers

Zelio targets 125,000 unit sales after tripling its production capacity

The profitable EV maker has a 240,000-unit network and is guiding for 75-80% revenue growth in FY27.

ZELIO Small cap 1:35 PM
6
Earnings · Water Management

Enviro Infra cuts margin guidance, warns of 166-day cash drag

The company’s strategic pivot to renewables has lifted the order book to ₹6,814 crore, but government payment delays are now stretching the working capital cycle to five-and-a-half months.

EIEL Small cap 1:18 PM
9
Order Wins · Diamond & Jewellery

SEBI flags Rajesh Exports' revenue. The company calls it a misunderstanding.

The regulator's interim order questions declared top-line figures. Rajesh Exports denies misreporting and blames a communication gap.

RAJESHEXPO Small cap 1:13 PM
6
Earnings · Water Management

SPML Infra targets 25%+ growth in FY27; BESS plant starts June

Management reaffirms guidance as order book enters new year at ₹5,369 cr, with a ₹1,128 cr NTPC battery order.

SPMLINFRA Small cap 1:00 PM
6
Earnings · Trading

MSTC posts four-year high revenue as it prepares to launch two new digital platforms

The state-owned e-commerce firm hit INR359.33 crore in revenue from operations for FY26, with earnings growing 18% and new verticals on the cusp of launch.

MSTCLTD Small cap 12:43 PM
6
Earnings · Real Estate

Ashiana targets ₹6,500 cr in senior living after record bookings.

The developer's FY26 pre-sales hit ₹2,421 cr. Now it's pushing a ₹6,500 cr pipeline into senior housing, starting with five new projects.

ASHIANA Small cap 10:59 AM
Wed · 03 Jun
6
Earnings · Fertilizers

Kothari's auditors qualify the books. Then the company revised the loss to double.

A May filing missed ₹41 crore in associate losses. The updated net loss is ₹72.19 crore, with auditors flagging unconfirmed balances and missing paperwork.

KOTIC Small cap 11:41 PM
5
Order Wins · IT - Software

Mastek's ₹123.58 cr tax bill is 3.3% of revenue. Management says the math is wrong.

The Income Tax Department's final order for FY23 proposes a ₹123.58 cr addition. Mastek says the department made clerical errors.

MASTEK Small cap 10:07 PM