Abhisek

Desco Infratech – Order Update 🚨

• Received a ₹2.34 Cr purchase order from Adani Total Gas Ltd (ATGL).

• Scope: MDPE pipeline laying & LMC activities at Navsari.

• Order value: ₹23.40 Mn, including GST.

• Domestic order; execution timeline as per contract.

• No promoter interest in the awarding entity.

Analysis video 👇
Desco Infratech H2 FY 26 Result and Concall Analysis | Revenue growth 108%
https://youtu.be/IQrOvDbVGAo

13 hours ago | [YT] | 2

Abhisek

Oriana Power ⚡

• Business: Solar EPC + Solar IPP + BESS + Green Hydrogen/Ammonia/Methanol platform.

• Current Capacity / Execution:

→ Solar: 700+ MW under execution | 2,500+ MW pipeline
→ BESS: 1,000+ MWh under execution | 3,000+ MWh pipeline
→ Land bank: 4,780+ acres

• Future Capex / Expansion:

→ Solar EPC: 6+ GW by 2030
→ Solar IPP: 2.4+ GW by 2030
→ BESS: 20 GWh by 2030
→ Expansion into green hydrogen & green fuels.

• Management Guidance:

→ Revenue & PAT: 40–50% CAGR target for FY27–28
→ ~70% CAGR possible if market conditions remain favourable
→ BESS: 35–40% of FY27 revenue
→ Asset monetisation: ~500 MWp in FY27
→ Green hydrogen/ammonia: ~10% revenue contribution in FY28.

Analysis video 👇
Oriana Power H2 FY26 Results & Concall Analysis | 64.5% H2 Revenue Growth
https://youtu.be/H4Hlnwi-wQE

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18 hours ago | [YT] | 1

Abhisek

MAN Industries

🏭 Business:

MAN Industries is a manufacturer of large-diameter line pipes serving oil & gas, infrastructure and energy markets. The acquisition of National Pipe Company (NPC), Saudi Arabia adds an important Saudi manufacturing platform and Aramco-approved customer access.

⚙️ Current Capacity:

• India: 1.2 Mn+ MTPA
• NPC Saudi: 430,000 MTPA
• Total: ~1.6 Mn MTPA
• NPC order book at acquisition: US$120 Mn

🚀 Future Capex / Expansion:

• Jammu stainless-steel seamless pipes: 22,000 MTPA, production targeted March 2027
• Jammu total planned capex: ₹600 Cr, ₹350 Cr already incurred
• Dammam coating facility: 4 Mn sq m, targeted March 2027
• Saudi coating/double-jointing should increase value-added revenue and margins.

📈 Management Guidance:

• FY27 revenue guidance: ~₹5,000 Cr
• FY27 Saudi/NPC revenue: ~₹1,200 Cr
• NPC quarterly run-rate from Q2: ₹300–500 Cr, with further ramp-up
• FY28 Saudi revenue target: ₹2,400–3,000 Cr
• FY28 base-business revenue: ₹6,500–7,000 Cr
• Overall FY28 growth indication: 25–35%
• Long-term consolidated EBITDA margin ambition: 14–16%
• Saudi coating could improve margins by ~3–4 percentage points once operational.

Analysis video 👇
MAN Industries Q1 FY27 Result and Concall Analysis | PAT +117.9% YoY
https://youtu.be/A-3j7cDHz3g

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20 hours ago | [YT] | 0

Abhisek

🚨 MaxVolt Energy — Major Capacity Expansion

1 GW = 1,000 MW.

• Bhoomi Pujan held for proposed 10 GWh Lithium Battery Pack Facility in Aligarh, UP

• ₹700 Cr planned investment

• Capacity to be developed in 2 phases of 5 GWh each

• ~6 acres facility

• Expected to create 1,500–2,000 direct jobs + 7,500–10,000 indirect jobs

• Products: Battery packs for 2W/3W EVs, energy storage & industrial applications

• FY26 revenue grew 176% to ₹296.8 Cr

• Existing network of 950+ dealers across India


Current operational capacity: ~500 MWh = 0.5 GWh

installed capacity: 600–750 MWh = 0.6–0.75 GWh


Analysis video 👇
MaxVolt Energy H2 FY26 Results & Concall Analysis | 148% Sales Growth
https://youtu.be/aA9Z8-glGD4

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20 hours ago (edited) | [YT] | 1

Abhisek

SUGS Lloyd – Order Update ⚡

📌 ₹213.48 Cr Letter of Award received from Marshal Enterprises.

• Project: LT & HT infrastructure loss-reduction works

• Scheme: RDSS

• Location: Punjab

• Execution: 15 months from LOA date

• Order value: ₹213.48 Cr incl. GST

• Back-to-back execution of works originally awarded by PSPCL

• Domestic order; no promoter/group-company interest disclosed

Analysis video 👇
Sugs Lloyd Q1 FY27 Results & Concall Analysis | 32% Revenue Growth | ₹1,000 Cr FY28 Revenue Target
https://youtu.be/2jEmO_b9Qu4

1 day ago | [YT] | 0

Abhisek

Sugs Lloyd — Business & Growth Snapshot ⚡️

Business Overview

Power T&D + Solar are the core businesses.
Q1 FY27 revenue mix shifted strongly toward Power T&D (~59%), while Solar contributed ~41%.
T&D revenue rose to ₹46.3 Cr from ₹16.3 Cr YoY.

Key T&D opportunities: RDSS, Smart Grid, SCADA/ADMS/DMS, EHV & Transmission.
FPI is a key high-margin product; management says the company has >50% domestic market share.

Current Order Book / Execution Capacity

Order book: ₹807+ Cr
~2.7× FY26 revenue
Provides roughly 18–24 months revenue visibility
Qualified bid pipeline: ₹1,350+ Cr
Most projects have an 18–24 month execution cycle.

Future Capex / Expansion

The presentation does not disclose a specific future capex amount or new physical capacity target.
Management says existing resources are sufficient to support the ₹1,000 Cr FY28 revenue target, with no current equity fundraising plan for FY27–FY28.

New growth initiatives include BESS and a compact FPI, potentially launching within 2–3 months subject to technology discussions.

Management Guidance

FY27 revenue: ₹600 Cr — guidance remains intact.
FY28 revenue: ₹1,000 Cr
FY28 mix at ₹1,000 Cr: T&D 40–45%, Solar 40–45%, Other/products ~10%
Products targeted at ~10% of revenue by FY28.
EBITDA margin expected to remain broadly around current levels; management believes ~15% EBITDA margin is sustainable.

Order-book requirement for ₹1,000 Cr FY28 revenue: Management estimates ₹2,000–2,500 Cr unexecuted order book would be required.

Q1 FY27: Revenue ₹78.4 Cr (+32%), EBITDA ₹12 Cr (+35%), PAT ₹7.5 Cr (+30%).

Analysis video 👇
Sugs Lloyd Q1 FY27 Results & Concall Analysis | 32% Revenue Growth | ₹1,000 Cr FY28 Revenue Target
https://youtu.be/2jEmO_b9Qu4

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1 day ago (edited) | [YT] | 0

Abhisek

Namo eWaste – Business & Growth Snapshot ♻️

Business Overview

Namo eWaste operates in e-waste recycling, battery recycling/refurbishment and EPR services. Its focus is shifting toward higher-value recovery of critical metals through in-house hydrometallurgy. FY26 revenue was ₹194.6 Cr, with PAT of ₹14.35 Cr.

Current Capacity

• Total recycling capacity: ~82,000 MTPA
• E-waste: ~70,000 MTPA
• Battery recycling: ~12,000–12,600 MTPA
• E-waste utilisation: ~60%
• Battery utilisation in FY26: ~10% as operations began in September
• At full utilisation, e-waste capacity has potential for ₹500–1,000 Cr revenue, depending on product mix.

Future Capex / Expansion

🔹 Hyderabad: 25,000 MT e-waste facility, expected operational around Q2 FY27
🔹 Nashik: Hydrometallurgy plant for black-mass processing and recovery of Li, Ni, Co, Mn & Cu
🔹 Hydromet plan: 1 TPD pilot → 5 TPD, with potential to scale to 8 TPD without major additional capex.

Management Guidance

📌 FY27 revenue target: ~₹400 Cr
• Battery: ~₹200 Cr
• E-waste: ~₹200–210 Cr
• EPR provides additional upside
• Battery target: ~10,000 tonnes / ~80% utilisation
• Battery revenue potential: ₹200+ Cr, with ~20% EBITDA margin at one 8-hour shift
• Blended EBITDA margin target: ~17–20%.

Longer-term management target

Management indicated consolidated revenue could reach ₹800–900 Cr in ~2 years, driven by e-waste, battery recycling, Hyderabad and hydrometallurgy. PAT target is 2× current levels, with a conservative 7–10% PAT margin over the next 3–4 years.

Analysis video 👇
Namo eWaste Management Ltd H2 FY26 Result & Concall Analysis | PAT Growth 136%
https://youtu.be/9i93M9SGBts

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1 day ago | [YT] | 1

Abhisek

CleanMax Enviro Energy Ltd —

Business Overview:
CleanMax is focused on providing renewable energy solutions to Commercial & Industrial (C&I) customers through RE Power Sales and RE Services. Its contracted portfolio stood at 6.83 GW, comprising 6.00 GW RE Power Sales and 0.83 GW RE Services as of June 2026.

Capacity Expansion — Timeline:

• FY25: 1.71 GW operational RE Power Sales capacity

• FY26: 3.09 GW

• Q1 FY27: 3.49 GW

• FY27 Target: ≥4.59 GW, implying at least 1.5 GW additional capacity

• FY28: Management expects minimum 4.6 GW operational/Opex Sales capacity entering FY28.

Analysis video 👇
CleanMax Enviro Energy Solutions Q1 FY27 Results & Concall Analysis | Revenue +107%
https://youtu.be/4NfuPMykmfM

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2 days ago | [YT] | 0

Abhisek

DESCO Infratech – New Solar Opportunity ☀️

DESCO Infratech has been empaneled by NREDCAP, a State Government Company, as an approved supplier for:

🔹 Supply, Installation & Commissioning of 1 KWp–500 KWp grid-connected rooftop solar PV plants

🔹 Locations across Andhra Pradesh

🔹 Under the Solar Rooftop Net Metering Policy

Analysis video 👇
Desco Infratech H2 FY 26 Result and Concall Analysis | Revenue growth 108%
https://youtu.be/IQrOvDbVGAo

2 days ago | [YT] | 1

Abhisek

Felix Industries – Major Update 🚨

Felix Industries has filed an in-principle application with NSE for migration of its equity shares from the NSE SME Platform to the NSE Main Board.

📌 Application filed: 17 Sept 2026
📌 Current platform: NSE SME
📌 Proposed: NSE Main Board

The company will make further disclosures after receiving communication/approval from NSE.

Analysis video 👇
Felix Industries Q1 FY27 Results | PAT Growth +65% YoY
https://youtu.be/8zOGnXfayRo

2 days ago | [YT] | 1