Value Research Online

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.

Gravity is patient

Fri, 23 Oct 2026

Bharat Shah on how he picks quality businesses, where returns come from and the Infosys and Wipro lesson that taught him when to sell, 24 years on.

Cheap isn't enough

Fri, 23 Oct 2026

A low P/E can hide peak earnings or a weak business. Here is how the right valuation measure, plus quality and volatility filters, improved returns and cut risk.

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.

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.

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.

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.

WeWork India earns more per desk than any rival

Tue, 13 Oct 2026 11:55:11 +0530

A year after its IPO, WeWork India leads Smartworks and Indiqube on pricing, margins and ROCE, but trades at the richest EV/EBITDA. Is the premium justified?

Tata Capital did everything right. The stock went nowhere

Mon, 12 Oct 2026 14:22:37 +0530

Tata Capital grew its loan book and profit in its first year as a listed NBFC, yet the share price has barely moved. Here is what the IPO price had to do with it.

Finolex Cables vs RR Kabel: Same sector, different paths

Thu, 08 Oct 2026 11:44:51 +0530

Finolex Cables vs RR Kabel: one is adding cable capacity, the other is shifting its mix to optical fibre and specialised cables. Here is what investors should watch.

A falling stock can be a trap. So can a rising one.

Tue, 06 Oct 2026 13:31:59 +0530

A low P/E can hide a weakening business and a high P/E an overpriced one. Four checks show whether a stock is a growth trap or a value trap before you buy it.

Slow year or slow decline? Three checks before you sell

Mon, 05 Oct 2026 17:00:37 +0530

A company warns of a slow year and its stock falls. Before you sell, three checks on where the money goes, who pays and what has changed tell a pause from a decline.

5 stocks with FCF yields of around 30 per cent or more

Mon, 05 Oct 2026 12:09:37 +0530

A screen of Indian stocks threw up five companies with free cash flow yields of around 30 per cent or more. Here is what a high FCF yield can and cannot tell you.

10 PSU banks look cheap. Market is asking a fair question

Fri, 02 Oct 2026 09:00:00 +0530

Ten state-run banks cleared Value Research's growth and value screen. Here's why their profit surge came from falling provisions, not faster business growth.

PB Fintech: How much is each customer still worth?

Thu, 01 Oct 2026 16:24:01 +0530

PB Fintech has fallen more than 40 per cent on IRDAI's proposed commission caps. Here's how much lifetime profit each Policybazaar customer is still worth.