Tipsheet
What matters at India’s listed companies
Archive / Page 105

Notes archive.

Wed · 03 Jun
6
Earnings · Household & Personal Products

Recode tripling profit isn't the story. Its delivery pivot is.

FY26 profit tripled to ₹11.22 cr on 67% revenue growth. But the bigger news is a high-risk bet on owned delivery and contradictory sales data.

RECODE Micro cap 5:05 PM
6
Earnings · Engineering - Industrial Equipments

Everest Kanto's profit jumps 50%, but US order book slips and Egypt plant is late.

Full-year net profit hit ₹126.7 crore on strong CNG demand, but the company disclosed a shrinking US contract and a delayed new plant.

EKC Small cap 5:01 PM
6
Concalls · Packaging

TCPL can't predict margins. Paper keeps rising, and shipping is stuck.

Management skipped guidance for FY27, blaming drip-by-drip paper inflation and Middle East disruptions. Domestic volumes beat market trends, but exports tanked.

TCPLPACK Small cap 4:52 PM
6
Concalls · Plywood and Laminates

Rushil Decor withdraws FY27 revenue guidance, cuts margin target

The laminate maker scrapped its ₹1,000 crore top-line target and lowered blended margin guidance to 10-12% after raw material costs surged 40%.

RUSHIL Micro cap 4:51 PM
8
Miscellaneous

Qualitek Labs takes on ₹91 cr in new bank debt

The nano-cap testing firm quadruples its borrowings after 77% revenue growth, pledging industrial buildings and family property as security.

QLL Micro cap 4:47 PM
7
Plastic Products

Shree Rama Multi-Tech starts new machine as Gujarat plant runs at 90%

The micro-cap added 4.5 million tubes a month with ₹10 crore from its own cash, lifting capacity to 77 million.

SHREERAMA Micro cap 4:40 PM
5
Earnings · Consumer Food

Regaal Resources posts its first post-listing earnings transcript. It adds nothing.

The verbatim record of a live event the market already priced in. The pivot to specialty starches and ₹540 cr capex were already known.

REGAAL Micro cap 4:36 PM
5
Earnings · Finance - NBFC

Emerald Finance's earnings call transcript adds nothing to the prior summary

The Q4 and FY26 transcript is a public record of the live call, offering no new data beyond the numbers already guided.

EMERALD Micro cap 4:34 PM
6
Shipping

ABS Marine's EBITDA jumped 179% on 75% revenue growth

The offshore vessel operator guided for a 10% revenue floor in FY27 and secured a five-year charter for its newest ship, Artemis.

ABSMARINE Micro cap 4:29 PM
5
Auto Ancillary

Eraaya's lawsuit dismissed after plaintiff can't produce FCCB docs.

The Commercial Court at Dwarka returned the plaint and vacated its orders. The company says the ruling has no financial impact.

ERAAYA Micro cap 4:26 PM
6
Earnings · Textile - Manmade Fibres

Sunrakshakk's Guwahati plant running at less than half of guided capacity

Revenue grew 92% in Q4 to ₹197.6 cr, but the company’s new Assam facility is operating at 45-55% utilisation against an earlier projection of over 85%.

SUNRAKSHAK Small cap 4:08 PM
6
Earnings · Paints

Asian Paints raised prices 10-11%. Costs rose 20%. More hikes are coming.

The company is holding to its 18-20% margin target, betting premiumisation and new capacity will absorb the gap. Discounting by rivals remains fierce.

ASIANPAINT Mega cap 3:53 PM
6
Consumer Food

TBI Corn's new Mumbai unit shipped ₹11.89 cr in its first three months

Exports are the next target. The parent plans to double export revenue while managing tight margins with large customers like ITC.

TBI Micro cap 3:51 PM
7
M&A · Engineering - Construction

Monarch Surveyors signs first overseas deal for AUD 1.74M

The Indian engineering consultant buys an Australian land-surveying firm and seven government procurement panels for ₹9.5 crore.

MSECL Micro cap 3:48 PM
6
Trading

Novelix signs German deal to commercialize Astaxanthin production

The nano-cap pharmaceutical firm has locked in a partner to scale its antioxidant from pilot to commercial output, but no financial terms are disclosed.

TRIMURTHI Micro cap 3:47 PM
8
Consumer Food

HMA Agro's MD and CEO both exit days after record profits

The top two executives of the meat exporter quit within days of each other, leaving the company's ambitious growth plan without a clear leader.

HMAAGRO Small cap 3:37 PM
6
Textile - Weaving

Avax promoter buys 80,000 shares, a new bet on the nano-cap

A promoter group member's ₹41 lakh open-market purchase signals confidence after a year of profit growth and a tech launch.

AVAX Micro cap 3:24 PM
6
Concalls · Retailing

Thomas Scott plans 60% growth but won't explain a 32% drop in SKUs.

FY26 revenue jumped 58% to ₹255 cr. Management wants to do it again, but a warehouse-fire payout and an unexplained drop in SKU counts are the real story.

THOMASCOTT Micro cap 3:23 PM
5
Insurance

Niva Bupa's chairman exits on health grounds; ex-SBI MD to replace him

Milind Barve steps down effective June 2026. The board has named former SEBI member Ashwani Bhatia as his successor, pending shareholder and IRDAI approval.

NIVABUPA Mid cap 3:16 PM
6
Credit · Engineering - Construction

Infomerics lifts Patel Engineering to A

A one-notch upgrade on long-term debt and a short-term bump to A1. The signal is positive, but the agency is small.

PATELENG Small cap 3:11 PM
6
Real Estate

Aegis buys more Modi Navnirman. Stake rises to 8.42%.

The existing investor added 457,142 shares via an open-market purchase on June 3. The move follows the company's record annual results.

MODIS Micro cap 3:03 PM
6
Finance - NBFC

Nalin Lease promoter sells nearly 1% stake, reversing group's buying trend

Dilipkumar Gandhi sold 63,000 shares on the open market on June 2, trimming his holding to 42.36%. The sale breaks a pattern of recent insider purchases by other group entities.

NLFL Micro cap 2:55 PM
6
Banks

IndusInd Bank denies fresh whistleblower report sent to PMO and RBI

Shares fell over 2% on the news. The bank says the concerns are old, already examined, and that no regulator has been in touch.

INDUSINDBK Large cap 2:54 PM
6
Earnings · Electric Equipment

Accord Transformer guides ₹120-180 cr revenue for FY27, anchored to a ₹1,600 cr LOI

A 60-80% revenue jump hinges on a single letter of intent for a national EV charging network.

ACCORDTS Micro cap 2:47 PM
5
Earnings · Household & Personal Products

Recode Studios corrects its annual accounts. The full-year profit moves by 0.12%.

A H2 expense misallocation pushed second-half profit up **29.4%**, but the annual PAT barely budged, rising from **₹1,121.12 lakh** to **₹1,122.48 lakh**.

RECODE Micro cap 2:41 PM