An investor’s research notebook on mispriced Indian businesses, with the numbers behind every decision.
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 151 | Founded | 6 years ago | Last Issue | 3 days ago |
| Active | |||||
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Vinati Organics at ₹1,235: The Old Moat Is Intact. Will the New Capex Finally Earn?
A chemical company built two global businesses, then invested their earnings in new factories. The share price has almost halved. I want to understand whether those factories can deliver the next deca
Imagine owning a business whose annual...
ITC at ₹266: Cheap, or Just Last Year’s Cigarette Earnings?
Price: ₹266.20 (NSE close, 18 September 2026)
Market capitalisation: approximately ₹3.34 lakh crore
TTM net revenue, excluding excise: approximately ₹76,519 crore
TTM statutory revenue, including excise: approximately ₹96,307 crore
T...
Atul at ₹6,170: ₹2,414 Crore of Capex Is Done. Will the Earnings Finally Arrive?
The stock has gone backwards for five years. Q1 FY27 owner profit jumped 92%. I rebuilt the capex-to-cash bridge and got a base value of about ₹6,100 per share.
Atul is the kind of stock chart I enjoy studying.
Syngene at ₹369: Can the New Team Make the Plants Earn Their Keep?
The laboratories have customers. The new plants have early wins. The investment question is how much profitable work follows, and how much of that recovery the price already assumes.
Reading by email? If the message cuts off, use View in b...
Cohance at ₹438: Good Chemistry. But Are We Paying Too Much for the Recovery?
I like looking at businesses when the numbers are uncomfortable. That is often where the interesting questions begin.
But there are two very different ways to lose money in a turnaround. We can miss a recovery because we insist on waiting...
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