MBA graduate and CFA Level II cleared, with NISM certifications in Series VIII and XV. Skilled in Financial Modeling, Valuation, and Portfolio analysis, with a strong interest in equity research and investment strategies.
Contributor since: 2025
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Spray Engineering Devices Ltd (SED) is a core industrial and sustainability-focused process engineering company serving sugar, ethanol, water, and allied industries across 40+ countries. With strong engineering capabilities, a growing patent base, and solutions aligned to energy efficiency, water conservation, and environmental compliance, SED plays a critical role in modern industrial infrastructure. While the business is cyclical and project-driven, leading to short-term volatility, it offers structural long-term potential backed by ethanol blending, sustainability norms, and industrial upgrades. Best suited for long-term, research-led investors, Spray Engineering is an unlisted industrial depth play worth tracking on Sharescart rather than a short-term trading opportunity.
India’s solar boom hit a roadblock as 43 GW of projects stalled due to missing storage, weak last-mile grid infrastructure, and auctions done without confirmed buyers. With DISCOMs demanding evening power and outdated networks unable to absorb excess daytime supply, plain-solar projects have become unviable. The government is now rebooting the system with mandatory battery storage, PPA-first rules, and cleanup of stuck projects. The solar story isn’t over—it’s simply evolving, and the winners will be those who adapt to a storage-led future.
RRP S4E Innovation is a fast-growing electro-optics and defence-tech company delivering advanced weapon sights, thermal imagers, surveillance systems, and drone-based payloads for India’s modernising security forces. With strong industry tailwinds, high-precision in-house manufacturing, and rising demand for indigenous defence systems, the company has delivered robust financial growth, 50%+ EBITDA margins, and low leverage. Peer comparisons show competitive efficiency and attractive valuations relative to larger defence-tech players. With FY30 projections indicating 2–3× value potential, RRP S4E stands out as a high-visibility defence-tech compounder in the unlisted market. Through SharesCart, investors gain early access to this emerging leader ahead of broader market recognition.
Looking at the IPO Frenzy in India, Unlisted Shares are gaining popularity among investors looking to diversify their portfolios with High Growth Potential companies. These are Pre IPO companies that are yet to be listed on the exchange which makes them an attractive opportunity for Retail Investors as it gives them a possibility to make exponential returns. In this Article, we will discuss the Top 10 company`s Unlisted Shares in the Indian Market.
ONIX Renewables has quickly scaled from a small EPC player to an integrated renewable platform with strong growth, rising profits, and low debt. With approx ₹14000 crore order book, a 1.9 GW pipeline, and a ₹25,000 crore capex plan, the company is targeting 10 GW by 2030. Despite being unlisted and much smaller than Oriana, ONIX’s faster growth and low 8.9× P/E give it far higher upside, making it a standout pick in the Sharescart unlisted market.
PolicyX, founded in 2013, is a fast-growing, IRDAI-approved digital insurance platform offering life, health, and motor coverage through a transparent, advisory-led model. With lean operations, strong profitability, and a 54% YoY revenue growth, it’s emerging as a credible challenger to PolicyBazaar. Backed by high ROE, zero debt, and plans for AI-driven expansion into Tier-2 and Tier-3 cities, PolicyX is well-positioned to capitalize on India’s rapidly evolving insurtech market.
Modern Portfolio Theory (MPT) helps investors balance risk and reward through smart diversification. Instead of relying on a single asset, MPT spreads investments across different classes to reduce volatility and protect capital. This becomes especially powerful when dealing with unlisted shares—high-growth opportunities that often carry higher risks due to limited information, uncertain valuations, and low liquidity. By combining them with safer assets, investors can capture upside potential while safeguarding their wealth. Platforms like Sharescart make it easier to access these opportunities, enabling systematic and data-driven investing for a more secure financial future.
