SYRMASyrma SGS Technology Ltd
Syrma SGS Q1: consolidated PAT doubles to ₹106 Cr, revenue up 68%; ₹1,000 Cr QIP cleared
electronics manufacturing services · ems · yoy profit growth
Research Reports
29 Jul 2026
HEIDELBERGHEIDELBERGCEMENT INDIA LTD.
Heidelberg Q1: PAT sinks 37% to ₹30.6 Cr as fuel costs crush margins despite 5% revenue growth
cement · margin compression · fuel cost
BLACKBUCKZinka Logistics Solutions Ltd
BlackBuck Q1: revenue +42% YoY, but PBT dips and margins compress; PAT ₹42 Cr tax-aided
logistics · trucking · tax-aided profit
APCOTEXINDAPCOTEX INDUSTRIES LTD.
Apcotex Q1 PAT quadruples to ₹78.9 Cr as margins vault to 15%; revenue +40% YoY
specialty chemicals · synthetic polymers · margin expansion
HONAUTHONEYWELL AUTOMATION INDIA LTD.
Honeywell Automation Q1: PAT +21% YoY on margin expansion; topline near-flat
industrial automation · margin expansion · flat revenue
ASIANPAINTASIAN PAINTS LTD.
Asian Paints Q1: consolidated PAT up ~40% to ₹1,559 Cr as PBDIT margin expands 240 bps
paints · consumer discretionary · margin expansion
GRSEGarden Reach Shipbuilders & Engineers Ltd
GRSE Q1: standalone PAT ₹173 Cr, up 44% YoY on 38% revenue jump; NPM edges to 9.5%
defence psu · shipbuilding · revenue growth
SHANTIGEARSHANTHI GEARS LTD.
Shanthi Gears Q1: PAT down 57% to ₹9.85 Cr, revenue off 14% as margins compress sharply
industrial machinery · gearboxes · capital goods
28 Jul 2026
AMBUJACEMAMBUJA CEMENTS LTD.
Ambuja Q1 consolidated PAT down 32% YoY to ₹660 Cr; revenue off 8%, margins soft
cement · margin compression · revenue decline
SUPREMEINDSUPREME INDUSTRIES LTD.
Supreme Ind Q1: consolidated PAT +39% to ₹281 Cr as margins expand, revenue up just 4%
plastic pipes · building materials · margin expansion
ROSSTECHRossell Techsys Ltd
Rossell Techsys Q1FY27: consolidated PAT +117% YoY to ₹7.14 Cr as OPM expands to 14.4%
aerospace defence · wire harness · margin expansion
AFCONSAfcons Infrastructure Ltd
Afcons Infrastructure: A ₹2.67K Crore Pledge Signals Promoter Distress
promoter pledge · debt stress · civil construction
ResearchDeep dive5 minIndustrials & Infra
LTLARSEN & TOUBRO LTD.
L&T's European Offshore Pivot: TenneT's Confidence in a ₹2 GW Framework
renewable energy · offshore wind · Europe
ResearchDeep dive7 minIndustrials & Infra
MAZDOCKMazagon Dock Shipbuilders Ltd
Defence Shipbuilder Eyes Margin Momentum as Frigate Cycle Sustains
defence · shipbuilding · frigates
THERMAXTHERMAX LTD.
Order book translation test — can THERMAX convert ₹13.6k Cr into margin recovery?
order book execution · margin recovery · data center
HONAUTHONEYWELL AUTOMATION INDIA LTD.
Margins in focus as HONAUT pivots to FY27 growth
industrial automation · margin recovery · capex cycle
SUPREMEINDSUPREME INDUSTRIES LTD.
Volume recovery and margin stabilization on watch as plastics leader reports Q1
plastics · volume growth · polymer costs
27 Jul 2026
RRKABELRKFORGE+4
Industrials Q1 Reset: Margin Recovery, Capex Conviction
Q1 FY27 · margin recovery · capex
ResearchDeep dive7 minIndustrials & Infra
EVERESTINDEVEREST INDUSTRIES LTD.
Everest Industries: consolidated PAT ₹102 Cr as core margins double YoY on land-sale gain
margin expansion · asset sale gain · exceptional item
SHIVACEMSHIVA CEMENT LTD.
Shiva Cement Q1 FY27: standalone loss narrows 29% YoY to ₹21.35 Cr as OPM swings to +12.3% from -1.9%
cement · going concern · margin expansion
HMTHMT LTD.
HMT Q4 FY26: consolidated loss ₹37 Cr, but adjusted for one-off gain a year ago, loss narrows ~40% YoY
psu machine tools · going concern · net worth erosion
JKPAPERJK PAPER LTD.
JK Paper Q1: consolidated PAT jumps 63% YoY to ₹136 Cr on volume, mix and margin gains
paper and packaging · margin expansion · volume growth
SAGCEMSAGAR CEMENTS LTD.-$
Sagar Cements swings to ₹28 Cr consolidated Q1 loss on margin squeeze, Andhra drag
cement · net loss · margin compression
VOGLACL+1
The Distress Ladder: Three Stocks Sliding Down Different Rungs
distress · regulatory · operational losses
ResearchDeep dive6 minEnergy & Oil/Gas
RRKABELR R Kabel Ltd
R R Kabel Q1: consolidated PAT more than doubles to ₹205 Cr as W&C drives 54% revenue jump
wires and cables · fmeg · margin expansion
IGILInternational Gemmological Institute India Ltd
Guidance vs reality: bullish call masks -87.7% YoY revenue collapse
lab-grown diamonds · AGL acquisition · capacity expansion
NELCASTNELCAST LTD.
Nelcast Q1 FY27: PAT Falls 59% YoY to ₹5.1 Cr as Cost Inflation Squeezes Margins
iron castings · auto ancillary · margin compression
AFCONSAfcons Infrastructure Ltd
Afcons at the Crossroads: What the ₹2,670-Crore Pledge Signals
infrastructure · pledged shares · capital raise
ResearchDeep dive5 minIndustrials & Infra
ACLANDHRA CEMENTS LTD.
Andhra Cements Q1: PBT loss widens 61% YoY to ₹47.8 Cr despite 43% revenue growth
cement · loss widening · margin compression
MAMATABGWTATO+2
The Monsoon Strike: Manufacturing Plants Paralyzed Across 4 Districts
monsoon · disruption · manufacturing
ResearchDeep dive6 minIndustrials & Infra