Value Research Online

Nesco: A gold mine that may take too long to dig

Mon, 21 Sep 2026 12:52:15 +0530

Nesco shares come with prime Mumbai land, near-full occupancy and little debt, but returns depend on how fast management turns unused FSI into earnings.

OneSource bets big on weight-loss drugs. Can FY28 deliver?

Fri, 18 Sep 2026 10:00:00 +0530

OneSource Specialty Pharma is priced on an FY28 revenue target it has yet to earn. We look at the weight-loss pen opportunity, the capacity built and the risks.

Purple Style Labs: Fewer customers, bigger losses

Mon, 14 Sep 2026 12:23:55 +0530

Purple Style Labs listed below its issue price, though the debut is the least of it: a shrinking designer network, fewer customers and losses widening every year.

Why is one Birla entry rattling India's cable makers?

Fri, 11 Sep 2026 13:22:38 +0530

Aditya Birla's Ultravolt has rattled Polycab, Havells, KEI and RR Kabel stocks. Here's why the cables and wires sell-off echoes the Birla Opus paint playbook.

Fortis vs Aster: Two hospital chains, two growth bets

Wed, 09 Sep 2026 13:02:14 +0530

Fortis Healthcare and Aster DM earn similar profits at similar valuations, but Aster runs nearly twice the beds. A look at what each needs to prove from here.

Swaraj Engines: A great business with growth hurdles

Tue, 08 Sep 2026 09:27:20 +0530

Swaraj Engines has high returns, no debt and a captive customer in Mahindra. But at 22 times earnings, its next capacity expansion may leave little room for error.

VIP was winning. Then Safari changed the game

Thu, 03 Sep 2026 17:06:51 +0530

Safari and VIP started with a wide gap in scale, but Safari is now larger and more profitable. See how strategy, inventory and execution changed the race.

BlueStone's profit is real. It now faces the hard part

Wed, 02 Sep 2026 15:29:57 +0530

BlueStone has turned profitable after 14 years of losses, but weak cash flow and high inventory needs raise questions about its growth plans and valuation.

Ion Exchange had a weak Q1. Then why did its stock jump 10%?

Tue, 01 Sep 2026 17:27:12 +0530

Ion Exchange’s Q1 profit fell despite 20 per cent revenue growth. Here’s why investors are looking past weak project economics and betting on a recovery.

How ICICI Bank raced ahead of HDFC Bank

Tue, 01 Sep 2026

Despite trailing for a long time, ICICI Bank found its edge over India's largest private bank. We find out how. Despite trailing for a long time, ICICI Bank found its edge over India's

HUL's expensive ascent

Tue, 01 Sep 2026

HUL remained profitable, cash-rich and capital-efficient. So why did its stock deliver poor returns? The answer lies in how far investors pushed its valuation.

Monopoly held. Maths didn't

Tue, 01 Sep 2026

IRCTC still dominates railway ticketing and remains debt-free. So why has its stock fallen over 50 per cent? The answer lies in what is driving its growth.

The feel-good factory

Tue, 01 Sep 2026

SJS Enterprises is riding India's premiumisation trend with a strong moat and a debt-free balance sheet. But at 48 times earnings, is too much growth already priced in?

The moat that stays

Tue, 01 Sep 2026

Tracing the journey of Torrent Pharmaceuticals, from humble beginnings to a large market player Tracing the journey of Torrent Pharmaceuticals, from humble beginnings to a large market

The turnaround trap

Tue, 01 Sep 2026

Of 36 loss-making IPOs since 2021, 20 have turned profitable. Yet many investors still lost money. The story reveals why business recovery and stock returns differ.

Jyothy Labs: Real moat, borrowed growth

Mon, 31 Aug 2026 17:42:08 +0530

Jyothy Labs’ stock has fallen over 60 per cent from its 2024 peak after losing the Pril licence. Here’s what changed and whether its moat remains intact.

NSDL had the market share. Then why did investors lose?

Thu, 27 Aug 2026 16:15:03 +0530

NSDL dominates India's demat wealth, but its stock has lagged. Here's why its vast custody base and market share don't easily translate into earnings growth.

Do not judge Agarwal Industrial by its bitumen

Tue, 25 Aug 2026 09:00:00 +0530

Agarwal Industrial’s bitumen business drives revenue, but its ships and terminals drive profits. A weak FY26 shows why asset utilisation matters most.

Gujarat Pipavav: A good port with a ticking clock

Fri, 21 Aug 2026 10:32:58 +0530

Gujarat Pipavav Port is profitable, debt-free and pays a high dividend, but its 2028 concession expiry makes the stock a bet on its renewal......

Profits grew. So why did the stocks fall behind?

Wed, 19 Aug 2026 18:55:55 +0530

IRCTC, R Systems and DMart grew profits strongly over five years but lagged the BSE 500. Here’s why business growth alone doesn’t guarantee stock returns.