Value Research Online

The right question

Fri, 23 Oct 2026

After 24 years, readers no longer ask if equity is safe. Dhirendra Kumar addresses the worries that now matter, and why lifecycle funds fail goals that run over decades.

Ambuja vs UltraTech: the battle to turn capacity into profit

Fri, 23 Oct 2026 06:30:00 +0530

UltraTech and Ambuja earned similar EBITDA per tonne in FY24. Energy, freight, plant utilisation and depreciation explain why UltraTech has pulled ahead since.

The cost of growing

Sun, 01 Nov 2026

Fast growth helps shareholders only if it needs little new capital. Why Buffett’s See’s Candies beat exciting industries, and what to ask before buying growth.

The number we won't hide

Sun, 01 Nov 2026

Value Research Stock Advisor leads the BSE500 by about 1 per cent in nine years. Why hit rate, time period and a few big winners matter more than that number.

EAAA India Alternatives IPO: A new kind of fund manager

Mon, 26 Oct 2026 06:30:00 +0530

EAAA India Alternatives IPO is a Rs 1,200 crore offer for sale by Edelweiss. How the alternatives manager earns fees, how it differs from an AMC and what it costs.

Suzlon Energy: record sales, shrinking margins

Wed, 04 Nov 2026 13:22:28 +0530

Suzlon's Q2 FY27 revenue rose 26 per cent but its EBITDA margin fell to 14.8 per cent. What drove the drop, how Inox Wind compares and five numbers to track.

Ola Electric vs Ather Energy: Room to grow, room to fill

Fri, 30 Oct 2026 06:30:00 +0530

Ola Electric built a factory for 10 lakh scooters, while Ather Energy runs flat out. We compare per-scooter economics, after-sales costs and the tests ahead.

Cheaper, but can they grow fast enough?

Tue, 03 Nov 2026 13:50:28 +0530

KFin Technologies and Triveni Turbine now trade at less than half their peak P/E. We work out the earnings growth each needs to deliver 15 per cent a year.

Jio Platforms: What will drive its next phase of growth?

Mon, 19 Oct 2026 06:30:00 +0530

The Jio Platforms IPO opens on October 21. We assess its growth levers in mobile, home broadband, enterprise and digital services, and what the valuation implies.

Where solar pump growth gets stuck

Thu, 29 Oct 2026 11:59:34 +0530

PM-KUSUM drove a solar pump boom, but Shakti Pumps and Oswal Pumps now face unpaid dues, thinner margins and stretched finances. Here is what investors should watch.

Five international funds open. Nasdaq 100 ETF nears value

Fri, 30 Oct 2026 10:28:33 +0530

Five international funds still take new money, the Motilal Oswal Nasdaq 100 ETF's premium fell to 5.3 per cent and HSBC Brazil lost 22.5 per cent in a week.

SFC Environmental Technologies IPO: Strong tech, slow cash

Mon, 26 Oct 2026 11:03:54 +0530

SFC Environmental Technologies IPO review: a sewage treatment leader with steady profits, but little operating cash. What the business, risks and price add up to.

Paras Healthcare IPO: paying today for tomorrow's hospitals

Wed, 21 Oct 2026 12:03:22 +0530

Paras Healthcare IPO values the hospital chain at about 171 times FY26 profit. Our review weighs its maturing hospitals against government-payer and debt risks.

Shadowfax: From a weak listing to a threefold rally

Thu, 22 Oct 2026 10:51:27 +0530

Shadowfax shares have nearly tripled from their post-listing low. We look at its 3PL market share, faster growth and margins, and what the rally now depends on.

A year on, LG's price has run ahead of its profit

Sat, 17 Oct 2026 06:30:00 +0530

A year after its IPO, LG Electronics India trades at about 64 times earnings despite lower FY26 profit. How the valuation stacks up against peers and growth plans.

What your stock's P/E is actually betting on

Fri, 16 Oct 2026 06:30:00 +0530

A reverse DCF turns a stock's P/E into the growth rate the market is betting on. See how time horizon changes that bet, where PEG helps and what moves a multiple.

YES Bank's Rs 8,415 crore problem: Can it absorb the blow?

Thu, 15 Oct 2026 17:38:04 +0530

The Supreme Court has upheld the quashing of YES Bank's Rs 8,415 crore AT1 bond write-off. What it could mean for capital ratios, coupons and shareholder value.

Bonfiglioli Transmissions: Gearbox leader on Italy's terms

Thu, 15 Oct 2026 13:14:35 +0530

Bonfiglioli Transmissions IPO review: India's gear motor leader earns high returns, but its Italian parent owns the technology, the brand and much of its growth.

Zetwerk Manufacturing: a huge order book, thin bottom line

Thu, 15 Oct 2026 13:07:41 +0530

Zetwerk's IPO opens at Rs 143-151 a share. Its order book is doubling, but losses, cash burn and a fresh issue that mostly repays debt make the price a hard call.

Tonbo Imaging: clear sights, cloudy financials

Wed, 14 Oct 2026 11:01:14 +0530

Tonbo Imaging IPO is a pure offer for sale priced at nearly 79 times FY26 profit. We weigh its defence tech edge against falling revenue and negative cash flow.