Tipsheet
What matters at India’s listed companies
Archive / Page 104

Notes archive.

Wed · 03 Jun
6
Pharmaceuticals

Gujarat Themis Biosyn to raise equity for ¥21.5 bn Japan deal

The board will meet June 6 to decide on a QIP, preferential allotment, or other equity route. The raise will fund last month's ¥21.5 bn acquisition of MicroBiopharm Japan.

GUJTHEM Small cap 6:14 PM
5
Earnings · Railways

Titagarh's Q4 call transcript is a record, not a signal

The June 1 filing is a verbatim transcript of the live earnings call. It contains no new data, orders, or strategic shifts beyond what was already disclosed.

TITAGARH Mid cap 6:11 PM
5
Earnings · Textile

Binny posts profit but auditor flags ₹29 cr in unverified advances

A delayed Q2 filing brings a qualified opinion. The auditor still can't vouch for money advanced to RRB Energy.

BINNY Micro cap 5:59 PM
8
Order Wins · Electronics

Highness wins ₹1.89 cr order for metro ticketing displays

The order for 261 ruggedized units equals 11.7% of the nano-cap's annual revenue, with delivery slated for mid-2026.

HIGHNESS Micro cap 5:57 PM
5
Earnings · Diesel Engines

Cummins India's Q4 transcript is a re-run, not a release.

The full call transcript adds nothing beyond the prior summary. Management's cautious outlook stands unchanged.

CUMMINSIND Mega cap 5:56 PM
6
Earnings · Steel Pipes

Goodluck India targets ₹300 cr in defence sales as it reshapes its product mix

Management guided for 14-15% revenue growth in FY27, betting on high-margin artillery shells and a pivot away from commodity exports.

GOODLUCK Small cap 5:40 PM
7
Credit · Banks

Tandhan's subsidiary sent ₹14.92 cr to group entities. It never asked shareholders.

The monitoring agency says the payments deviated from the objects of a ₹126.76 cr preferential issue. The required vote was never held.

SANMITRA COM Micro cap 5:39 PM
6
Pharmaceuticals

Alkem promoter trust sells ₹288 cr stake, says cash goes to beneficiaries

A 0.46% open-market sale by the Samprada and Nanhamati Singh Family Trust on June 2 trimmed its holding to 18.28%. The trust says it's for an internal payout.

ALKEM Large cap 5:39 PM
6
Earnings · Electric Equipment

Affordable Robotic missed its ₹160 cr guidance and is losing control of ARPL Raas

Standalone revenue hit ₹110 cr, not the ₹160 cr guided. A ₹48 cr investment will push the company's stake in its key subsidiary below 50%.

AFFORDABLE Micro cap 5:38 PM
6
Professional Services

Innovision loses a whole-time director weeks after its listing

Gurpal Singh quit the board with immediate effect on June 3, citing personal reasons. The micro-cap has not disclosed a replacement.

INNOVISION Micro cap 5:38 PM
5
Earnings · Automobiles - Dealers & Distributors

Landmark Cars' Q4 call transcript is filler. No new numbers.

The company filed the raw Q&A from its post-earnings call. The results and a summary were already public.

LANDMARK Small cap 5:35 PM
7
Banks

Central Bank of India names Vivek Kumar CFO for three-year term

An internal promotion from General Manager for Finance and Accounts. Kumar has 27 years in banking and financial services.

CENTRALBK Large cap 5:33 PM
6
Earnings · Hotels & Restaurants

Park Hotels pivots to asset-light, delays Vizag to fund Flurys expansion

The Q4FY26 transcript details a strategic shift to conserve capital, outsource manufacturing, and target over 6,600 keys by 2030.

PARKHOTELS Small cap 5:33 PM
8
Credit · e-Commerce

Indiabulls to raise ₹1,000 cr from promoters and funds via convertible warrants

The ₹19.40-a-share warrant issue, convertible in 18 months, will dilute shareholders by 19.3% of current market cap. Promoters Hermes and Phanes are in.

IBULLSLTD Mid cap 5:31 PM
8
Cement

Promoter group member buys 6.84% of NCL Industries in open market

Kalidindi Ravi acquired a significant stake worth about ₹57 cr, signalling insider confidence in the ₹831 crore building-materials company.

NCLIND Micro cap 5:30 PM
6
Concalls · Pharmaceuticals

Anlon's Rajkot capex balloons to ₹130 cr; ₹28 cr distributor default disclosed

The contract drugmaker quadrupled its planned spending on a new facility, taking on ₹65-70 crore in debt, and revealed a large receivables default only when pressed in the Q&A.

AHCL Micro cap 5:29 PM
6
Earnings · Plastic Products

Time Technoplast pushes back debt-free target, expands asset sale plan

The 15% volume growth and 21% profit guidance for FY27 comes with a longer deleveraging timeline.

TIMETECHNO Mid cap 5:28 PM
5
Finance - NBFC

Finkurve confirms a director it named in April. The loan tweak is the real question.

The board regularized Rajendran Chinna Veerappan's position. More importantly, it modified terms for related-party loans but gave no numbers.

FINKURVE Micro cap 5:28 PM
6
Earnings · CDMO

Hikal's Q4 profit sinks under ₹47 cr write-down; no FY27 guidance

Operating margins improved to 20.3% but a plant impairment and a USFDA warning letter are overshadowing the recovery.

HIKAL Small cap 5:26 PM
5
Earnings · Electric Equipment

Siemens' post-results call adds little beyond prior disclosures

The Q4 FY26 earnings transcript is a backward-looking record of a live event. It elaborates on audited results and previous announcements without new price-moving information.

SIEMENS Mega cap 5:25 PM
6
Earnings · Castings & Forgings

PTC Industries' profit jumps 66% on 88% revenue growth and a string of global orders.

FY26 consolidated revenue hit ₹6,432.9 million, with the Lucknow facility's new forging system passing trials and locking in work from Blue Origin and BrahMos.

PTCIL Large cap 5:25 PM
8
Plastic Products

Avro India partners to take plastic recycling to 250,000 villages

A non-binding MoU with SODES sets the framework for commercial rollout of Project Suddh. The nano-cap now has a stated partner for a national-scale recycling network.

AVROIND Micro cap 5:14 PM
6
Concalls · Auto Ancillary

Tenneco's DaVinci suspension wins three more OEMs, order book covers FY28

A record 18.8% EBITDA margin in FY26 rests on the DaVinci DCX system, which is now expanding to multiple new customers. The ₹1,400 crore capex push is for factories to feed exports and upcoming regulations.

TENNIND Large cap 5:11 PM
6
M&A · Plastic Products

Tirth Plastic's acquisition of a rival business has no price tag yet

A non-binding MOU for Krishna Plastic Traders' business is subject to due diligence and approvals, with no financial terms disclosed.

TIRTPLS Micro cap 5:10 PM
6
Concalls · Steel & Iron Products

Rathi Steel's melting shop is running at half capacity, not the 80% it promised.

Revenue surged 41.7% in FY26, but the steel mill that drove it is only 50-52% utilized, well short of the earlier 80% target.

RATHIST Micro cap 5:07 PM