Economics Honors graduate and CFA Level ll cleared, equipped with strong analytical skills and a solid foundation in finance. Experienced in financial modeling and valuation, with a keen interest in equity research and investment analysis.
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Polymatech Electronics Limited is a rapidly scaling, capital-intensive semiconductor manufacturer aligned with India’s localization push, supported by strong manufacturing capabilities, vertical integration, and expansion into high-value segments such as medical devices and GaN chips. While the company has delivered exceptional revenue growth driven by capacity expansion, rising working capital needs, margin pressure, and execution risks remain key challenges. Overall, Polymatech offers meaningful long-term growth potential, but its investment appeal is best suited for high-risk-tolerant, long-term investors rather than short-term or conservative participants.
Oravel Stays Limited (OYO) has transitioned from a fast-growing, cash-intensive startup into a more disciplined, technology-led global hospitality platform built on an asset-light, two-sided marketplace model that connects fragmented hotel owners with standardized demand. The company has strategically expanded beyond budget hotels into premium and lifestyle segments under its PRISM parent brand, improving revenue quality and pricing potential. Financially, OYO has reduced losses and achieved early-stage profitability through restructuring and cost control, with revenue growth stabilizing post-pandemic, though operating leverage, margins, and return ratios remain modest. Compared to profitability-focused peers like Lemon Tree Hotels, OYO operates at far greater scale but with weaker margins and capital efficiency, making execution and margin sustainability critical. While long-term growth prospects are supported by global travel recovery, premiumisation, and technology-driven efficiencies, high valuations and ongoing execution risks mean that future shareholder returns will largely depend on OYO’s ability to convert scale into consistent cash flows and durable profitability.
ZAK Venture grew rapidly between FY2020 and FY2023 through aggressive expansion in gas infrastructure projects, but this strategy exposed financial vulnerabilities. FY2024 marked a turning point with declining revenues, margin pressure, high working capital stress, and rising leverage. While execution capabilities and order book remain strong, future growth depends on deleveraging, cash flow discipline, and efficient use of existing assets.
Zepto has rapidly scaled into one of India’s leading quick-commerce players, with revenues growing over 30x between FY22 and FY24. While the company remains loss-making due to its growth-first strategy, declining losses as a percentage of revenue signal improving unit economics. Zepto leads peer Blinkit on scale but trails on cost discipline and governance, as highlighted by its FY24 qualified audit opinion. Backed by strong investor funding, Zepto remains a high-growth, high-risk business, with long-term success hinging on converting scale into sustainable profitability and stronger governance.
InCred is one of India’s fastest-growing, technology-driven NBFCs, operating across retail lending, SME finance, investment banking, and wealth management. Its AI-led underwriting, diversified revenue streams, and strong execution have helped it achieve exceptional financial growth, with revenue rising from ₹488 crore in FY22 to ₹1,874 crore in FY25, and PAT growing over 12x in the same period. With consistently improving ROE, expanding loan books, and rising profitability, InCred is now positioned as a scalable national NBFC platform
SBI Mutual Fund, India’s largest asset manager, continues to outperform peers with its unmatched scale, strong profitability, and deep retail reach. Backed by the SBI and Amundi partnership, the fund house benefits from global expertise and India’s rising financialisation trend. With robust AUM growth, expanding margins, and a dominant SIP engine, SBI MF is positioned for sustained long-term expansion. Its upcoming 2026 IPO is expected to be one of the sector’s biggest value-creation opportunities.
Fractal Analytics offers strong exposure to the expanding enterprise AI market but remains an execution-driven story. Its future performance depends on scaling product revenues, managing talent and client risks, and maintaining profitability post-IPO. While the growth potential is significant, investors should assess valuation and monetisation visibility carefully. The stock is also available on Sharescart for interested investors.
While RCB commands attention and premium pricing, CSK stands out as the stronger financial performer. At an unlisted share price of ₹205, CSK appears undervalued relative to its earnings strength and balance sheet quality, making it a compelling long-term investment. With consistent profitability and a globally respected franchise model, CSK delivers performance where it matters most.
Billionbrains Garage Ventures Ltd, the parent of Groww, stunned the markets with a stellar listing—shares surged 37% post-IPO, lifting its market cap beyond ₹83,000 crore. Despite a steep pre-listing GMP fall, strong fundamentals, profitability, and investor trust turned sentiment around, marking Groww as a standout success in India’s cautious IPO landscape.
India’s power trading sector is evolving fast, with IEX leading, PXIL strengthening, and HPX emerging as a tech-driven challenger. The upcoming market coupling in 2026 will create a level playing field among all exchanges. With strong backing from BSE, PTC, and ICICI Bank, HPX is well-positioned to capitalise on this shift.
As the National Stock Exchange of India (NSE) turns 30, it stands as the unseen engine of India’s growth—powering how the nation invests, raises capital, and builds wealth. With unmatched market dominance, cutting-edge technology, and strong institutional backing, NSE has evolved into the financial backbone of India’s economy. Profitable, resilient, and future-ready, it remains a core investment story in India’s journey toward becoming a developed economy by 2047.
ESDS Software Solution Ltd. is a leading cloud and managed services provider in India with strong revenue growth, high margins, and sticky clients. Positioned between large and niche players, it is expanding in AI/ML, data centres, and green cloud solutions. With promising forecasts and multi-bagger potential, ESDS is an attractive long-term investment.
Groww, India’s No.1 retail broker, has rapidly scaled into a market leader with strong revenue growth, retail dominance, and improving profitability. Backed by a diversified business model and industry tailwinds, it is well-positioned as a long-term compounding story. Even under conservative scenarios, Groww’s unlisted shares offer attractive return potential.
Transline Technologies is a fast-growing security and AI solutions provider with strong proprietary products, rising revenues, and industry-leading margins. Positioned in high-growth areas like IoT, smart cities, and digital surveillance, it offers investors a compelling opportunity in India’s digital infrastructure space.
NCDEX, India’s leading agri-commodity exchange, has received SEBI’s nod to enter the equity segment under key conditions. While currently loss-making in its core operations, NCDEX’s expansion plans and monopoly in agri-derivatives position it as a high-risk, high-reward bet for long-term investors.
NCDEX, India’s leading agri-derivatives exchange with a 97% market share in the segment, is undergoing a strategic transformation despite recent losses. Backed by strong institutional investors and minimal debt, it is expanding into equity and weather derivatives to diversify revenue. With a focus on innovation, risk management, and long-term growth, NCDEX presents a compelling opportunity in the unlisted space for forward-looking investors.
Lenskart, India’s top eyewear brand, has grown 3.5x in revenue and turned EBITDA-positive by FY24. With 2,500+ stores and major tech investments, it’s now eyeing a $1 billion IPO at a $10 billion valuation. As the eyewear market booms, Lenskart is expanding into Tier 2 & 3 cities while transforming into a tech-first retail disruptor.
Power Exchange India Limited (PXIL) is a leading power trading platform in India, backed by strong financials, efficient operations, and a solid risk management framework. With rising electricity demand and green energy tailwinds, PXIL holds promising long-term growth potential.
BigBasket, backed by Tata Digital, is leveraging a hybrid delivery model, tech-driven operations, and expanding verticals like BB Now to strengthen its presence in India\'s fast-growing online grocery space. Despite ongoing losses, improving margins and strategic synergies signal a path toward long-term growth and profitability.
OptiValue Tek Consulting Ltd is an emerging small-cap IT services player with strong margins, positive cash flows, and a scalable digital-first model. As it gears up for its SME IPO, the company offers early exposure to high-growth tech themes like AI, API integration, and enterprise automation—making it a promising bet for long-term investors.
