Tipsheet
What matters at India’s listed companies
Archive / Page 102

Notes archive.

Thu · 04 Jun
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
5
Castings & Forgings

National Fittings promoter buys 91,210 shares in open market

Anil Kumar Agarwal lifted his stake to 11.57%, a small but direct signal of conviction in a nano-cap with a pending merger.

NATFIT Micro cap 12:56 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
8
Electric Equipment

Lakshmi Electrical faces ₹5.50 cr GST demand — missed in a spam folder for a month

The combined tax bill is 4.6x the company's FY26 net profit. The notices sat unread in a spam folder until June 2.

LAKSELECON Micro cap 12:23 PM
5
Stock Broking

Angel One names Ajit Narayanan as CTO, reshuffles tech leadership

The mid-cap broker has a new technology head effective June 2026, while its former Group CTO shifts to an individual contributor role under the GCEO.

ANGELONE Large cap 12:21 PM
6
Concalls · Trading

QMS Medical cuts service-margin outlook to 25% from over 50%

A cost-accounting rethink forces a sharp downgrade in profitability guidance for the company's high-growth service segment.

QMSMEDI Micro cap 12:08 PM
5
Steel & Iron Products

Vibhor Steel Tubes spins off infra arm for higher-margin push

Viyom Steel Infra will make transmission towers and monopoles, targeting 25-30% of Vibhor's revenue by FY27.

VSTL Micro cap 12:02 PM
6
Earnings · Household & Personal Products

Cello's writing instruments jumped 64%. Glassware stayed at breakeven.

One segment is carrying the company. Chinese dumping has the other stuck. FY27 guidance is 10-12% revenue growth and ₹100 cr in capex.

CELLO Mid cap 11:58 AM
6
Consumer Food

Ganesh promoter buys ₹4.98 cr of stock on the open market

Manish Mimani raised his stake from 5.74% to 6.34% with an open-market purchase days after a credit upgrade and annual results.

GANESHCP Micro cap 10:59 AM
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
7
Logistics

TVS SCS bets on defense supply chains with Italian JV

The 51:49 joint venture targets ₹2,000 crore in cumulative revenue by 2031, opening a high-margin vertical for the logistics firm.

TVSSCS Mid cap 10:57 AM
7
Pharmaceuticals

Suven's Alzheimer's drug passes a critical Phase 3 safety check.

An independent board reviewed halfway data and told Suven to press on without changing the trial design or size. Enrollment is now at 88%.

SUVEN Mid cap 10:56 AM
5
Earnings · Finance - Investment

Max India's Q4 earnings transcript adds nothing new for investors

The full May 29 call transcript rehashes commentary from the earnings release and concall summary. No new data.

MAXIND Micro cap 10:45 AM
8
Finance - Investment

IIFL Finance prices its biggest-ever bond, raising $500 million offshore

At 20% of its market cap, the $500 million note is the largest single debt raise in the NBFC's history and the first draw from a $1 billion shelf.

IIFL Large cap 12:22 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
8
Order Wins · Electric Equipment

Atlanta lands ₹285 cr power-transformer order from Punjab utility PSTCL

The order for 23 transformers is worth 15.4% of last year's revenue. It's the biggest single win from a repeat client since 2018.

ATLANTAELE Mid cap 10:48 PM
5
Earnings · Engineering - Construction

ISGEC's Q4 transcript adds nothing to its prior summary

A routine record of a call already summarized; no new financials or guidance were introduced.

ISGEC Mid cap 10:27 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
6
Earnings · Hospital & Healthcare

Dr Lalchandani Labs posts profit only because lenders waived ₹61 lacs in debt

Auditors qualified the accounts, flagging NPA classification and unpaid statutory dues since mid-2024. The company holds ₹4.14 cr in cash but won't pay.

DLCL Micro cap 9:40 PM
6
Earnings · Hospital & Healthcare

Lalchandani Labs auditors flag defaults despite cash reserves

Auditors issued a qualified opinion on FY26 results, documenting loan defaults and missed statutory dues even as the company held cash.

DLCL Micro cap 9:31 PM
6
Earnings · Hospital & Healthcare

Dr Lalchandani Labs survives on a one-time settlement. Auditors qualify the accounts.

A ₹61.08 lacs one-time settlement gain is the only thing standing between the company and an operational loss. Auditors flagged NPA classification and unpaid statutory dues.

DLCL Micro cap 9:31 PM
7
Pharmaceuticals

Parmax Pharma turns to a preferential issue after a 57% revenue crash.

A nano-cap with a ₹14 crore market cap, ₹4.16 crore in annual losses, and auditors flagging the Managing Director's fund use is seeking fresh equity.

PARMAX Micro cap 9:18 PM
7
Telecom - Infrastructure

HFCL rolls all defence units into one subsidiary, lands ₹1,890 cr export book

The restructuring merges radar, thermal sights, and aerostructures into HASPL, a subsidiary with an export pipeline worth 38% of annual revenue.

HFCL Large cap 9:16 PM
6
Power Generation

Amalgamated Electricity wants to raise cash. It has no revenue.

A preferential issue is on the table for a company with zero operating income and a going-concern warning. The board meets June 8.

AMALGAM Micro cap 9:01 PM
5
Earnings · Auto Ancillary

Gabriel India files its Q4 concall transcript. It adds nothing.

A routine filing. The written record of the May 28 call contains no new numbers or guidance.

GABRIEL Mid cap 8:29 PM