Analysis, frameworks, and research
notes from our team.
Writings
Indo MIM: The World's Largest MIM Company
A deep dive into Indo-MIM's precision engineering business covering metal injection molding, financial track record, key risks, and what to watch after the IPO
Sona BLW Precision Forgings
From precision forging to physical AI and robotics
KSH International: the only Indian wire approved for 400kV HVDC transformers
How KSH International built a moat in continuously transposed conductors and magnet winding wire — its CTC complexity, 400kV HVDC monopoly, Supa capacity ramp, and execution risks.
Azad Engineering: the precision behind mission-critical turbines and jet engines
How Azad Engineering built a moat in precision turbine and aerospace components — its capabilities, capacity expansion, growth triggers, and execution risks.
Beta Drugs
Can Beta Drugs Transform from a Niche Oncology Player into a Global Specialty Pharma Leader?
Shilpa Medicare
From oncology APIs and specialty formulations to biosimilars and ADCs, a look at Shilpa's expanding opportunity set.
Venus Pipes
Moving Up the Value Chain from Commodity Pipes to AI Data Center Cooling Loops
Inox India: Play on Semiconductor and Datacenter Boom
How a 1976 backward-integration play became India's only credible cryogenic equipment maker, and why the next five years could rerate it.
Manorama Industries
From Forest Waste to Chocolate Gold