Value Research Online

3 fast-growing companies. A quiet problem

Mon, 08 Jun 2026 10:00:00 +0530

Netweb, KPI Green and Zaggle grew sales and profits above 30 per cent, but ROCE fell sharply across all three. Here is what the capital efficiency gap means for investors.

Rajesh Exports' Rs 15 lakh crore problem

Sun, 07 Jun 2026 09:00:00 +0530

SEBI alleges Rs 15.15 lakh crore of Rajesh Exports' overseas revenues cannot be verified. Chairman barred, LIC among affected shareholders. What the order says.

Why investors can't ignore Inox's export story anymore

Wed, 03 Jun 2026 10:38:20 +0530

Inox India's exports grew fourfold to Rs 971 crore in FY26. Now, a US space order and LNG expansion test whether its premium valuation holds. Here is what the numbers show.

Anant Raj: Big plans, bright future. Execution? Lacking

Tue, 02 Jun 2026 17:05:10 +0530

Anant Raj's data centre roadmap has shrunk from 307 MW by FY28 to 117 MW, with a PAT gap of Rs 888 crore. Delayed timelines and unclear communication raise execution doubts.

The price of dominance

Mon, 01 Jun 2026

World's largest maker of four speciality chemicals, zero debt and 40 per cent margins, yet the stock trades below its five-year median P/E. Here is what is holding it back.

Built for bad weather

Mon, 01 Jun 2026

India's microfinance sector has passed peak stress. Arman Financial has 52 per cent capital adequacy, 82 per cent credit-guaranteed book and a clean NPA record through every crisis.

Don't blame MSCI for Friday's crash

Sat, 30 May 2026 10:14:58 +0530

The viral story blamed MSCI for Friday's market fall. The forced selling was roughly Rs 8,000 crore, a rounding error against Rs 6 lakh crore lost. Here is what really happened.

20% for 16 straight quarters: 5 companies that made the cut

Thu, 28 May 2026 18:45:09 +0530

Only five listed Indian companies sustained above 20 per cent revenue growth for 16 straight quarters. Here is what drove their streaks, and what the numbers still do not tell you.

Sheela Foam: The mess is over. Market is yet to notice

Tue, 26 May 2026 19:28:42 +0530

After three years absorbing the Kurlon acquisition, Sheela Foam is back to double-digit margins and falling debt. The stock still reflects the mess, not the recovery.

Why Kaynes Technology stock fell 61% from its peak

Fri, 22 May 2026 09:00:00 +0530

Revenue missed guidance by 20 per cent, cash flow turned negative and related-party disclosures wiped Rs 10,000 crore in market value. Here is what needs to change before buying.

HFCL just had its best year. Yet, cash flows remain zero

Tue, 19 May 2026 10:00:00 +0530

HFCL's export revenue quadrupled and margins rose in FY26. But operating cash flow turned negative Rs 422 crore. Here's what the balance sheet reveals about the risk.

What a stable margin doesn't tell you

Fri, 15 May 2026 10:00:00 +0530

Three companies held EBITDA margins steady for five years, but for different reasons. One is structural, one is earned, one is thin by design. Here’s how to read the difference.

This stock trades at 12-13x P/E. Bargain or value trap?

Wed, 13 May 2026 10:00:00 +0530

Gandhar Oil’s profit after tax has halved since its IPO, ROCE has fallen to 10 per cent and operating cash flows are absent. This reflects a business under strain, not an opportunity.

Down 33%, Page Industries is still not cheap

Fri, 08 May 2026 10:13:10 +0530

Revenue grew 8.3 per cent annually since FY22. Q3 FY26 volume growth was just 1.4 per cent. A great brand, but the growth that justifies 54x earnings has not yet shown up.

This hair oil brand had a great FY26. Turnaround or fluke?

Thu, 07 May 2026 16:59:33 +0530

Bajaj Consumer Care posted its strongest FY26 performance with revenue crossing Rs 1,000 crore and margins surging. But can dit sustain growth, or was FY26 a one-off recovery year?

FIIs are fleeing India. But that's not the whole story

Tue, 05 May 2026 12:12:57 +0530

FIIs sold Rs 1.92 lakh crore of Indian equities in 2026. Understand where money is moving, why IT, BFSI and FMCG are hit, and what it means for your mutual funds.

This small cap trades at 110x P/E. What's next?

Sun, 03 May 2026 09:00:00 +0530

CP Plus rode a regulatory shift to double revenue and market share, but now trades at 110x earnings. With competition rising and growth slowing, can it justify the premium?

Big payoff, long wait

Fri, 01 May 2026

NLC India’s massive expansion plans could drive long-term growth, but heavy capex and execution risks may delay returns. Here’s what investors should expect.

Finding the golden vein

Fri, 01 May 2026

Tracing Titan's journey of building a glittering jewellery brand Tracing Titan's journey of building a glittering jewellery brand Tracing Titan's journey of building a glittering jewel

Why PSBs still offer value

Fri, 01 May 2026

PSU banks now have NPAs comparable to private banks and growing profits. Yet they trade at half the valuation. Here’s what has changed and what still needs proof.