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Research Reports

Independent research on listed companies — quarterly result analysis, earnings call verdicts and sector notes, written up in full.

Latest coverage
Today
DIVGIITTSDIVGI TORQTRANSFER SYSTEMS Ltd

Record growth hampered by execution risk; Indonesia tailwind masks structural challenges

Indonesia program · automatic transmission · Project Mayflower

TranscriptDeep diveQ1 FY276 minAutomobile
Yesterday
CARRAROCarraro India Ltd

Domestic momentum masks margin compression; cost recovery key

domestic growth · export weakness · cost inflation

TranscriptDeep diveQ1 FY276 minAutomobile
PRICOLLTDPricol Ltd

Strong growth masked by margin compression; recovery pencilled in Q2-Q3

cost headwinds recovery · capacity expansion · demerger agility

TranscriptDeep diveQ1 FY276 minAutomobile
VARROCVarroc Engineering Ltd

30% revenue growth masks 28% PAT decline amid margin headwinds

EV powertrain · order book · margin recovery

TranscriptDeep diveQ1 FY276 minAutomobile
ROLEXRINGSRolex Rings Ltd

Auto export momentum offset by weak Q1; mid-teen growth reaffirmed but at risk

auto export recovery · Allison turnaround · labor constraints

TranscriptDeep diveQ1 FY276 minAutomobile
AJAXENGGAJAX Engineering Ltd

Market share held, but growth guidance badly missed—H2 dependent

market share defense · margin pressure · H2 recovery

TranscriptDeep diveQ1 FY276 minAutomobile
Sun, 16 Aug
CRAFTSMANCraftsman Automation Ltd

36% Growth Masks Capex Cycle and Sunbeam Turnaround Risk

aluminum expansion · heavy horsepower engines · capex cycle

TranscriptDeep diveQ1 FY276 minAutomobile
SHRIPISTONShriram Pistons & Rings Ltd

Strong revenue beat masked by profit slowdown; diversification on track

margin compression · commodity lag recovery · Antolin integration

TranscriptDeep diveQ1 FY276 minAutomobile
TENNINDTenneco Clean Air India Ltd

Strong growth masked by margin compression; recovery path unclear

DCx momentum · market share gains · commodity headwinds

TranscriptDeep diveQ1 FY276 minAutomobile
APOLLOTYREAPOLLO TYRES LTD.

Growth masks margin squeeze; commodity cycle turn critical

volume-led · commodity inflation · pricing lag

TranscriptDeep diveQ1 FY276 minAutomobile
MSUMIMotherson Sumi Wiring India Ltd

Revenue surge masked by PAT stall; margin recovery timeline uncertain

greenfield ramp · copper lag · wage inflation

TranscriptDeep diveQ1 FY276 minAutomobile
SUNDRMFASTSUNDRAM FASTENERS LTD.

Strong revenue, margin squeeze; long-term scale-up credible

export rebound · EV scaling · class 8 trucks

TranscriptDeep diveQ1 FY276 minAutomobile
ESCORTSEscorts Kubota Ltd

Volume surge masked by margin collapse; pricing lag behind cost

commodity inflation · market share gains · margin compression

TranscriptDeep diveQ1 FY276 minAutomobile
UNOMINDAUNO Minda Ltd-$

Revenue +24%, margins compressed; Inovance approval pending

green-mobility-78pct-growth · seating-entry-capex-320cr · margin-pressure-40bps-dilution

TranscriptDeep diveQ1 FY276 minAutomobile
10 Aug 2026
ASKAUTOLTDASK Automotive Ltd

Record growth, margin recovery awaited amid commodity normalization

capacity expansion · high-teens growth · alloy wheel ramp

TranscriptDeep diveQ1 FY276 minAutomobile
05 Aug 2026
BALKRISINDBALKRISHNA INDUSTRIES LTD.-$

Record OHT growth masks margin compression; On-Highway seeded for 2030 scale

volume growth · raw material inflation · On-Highway launch

TranscriptDeep diveQ1 FY276 minAutomobile
02 Aug 2026
MENONBEMENON BEARINGS LTD.-$

Strong beat on PAT growth; margins resilient despite inflation headwinds

China Plus One · export expansion · capacity utilization

TranscriptDeep diveQ1 FY276 minAutomobile