
research
List of Companies
Agrum Foods India Pvt. Ltd.
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Business: B2B agri-supply chain – cold storage & food-grade potato starch.
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Strengths: Long-term PepsiCo & Cargill contracts, 97–98% utilization, integrated operations.
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Growth: Indian cold chain market CAGR 12.3%, global starch demand rising.
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Risks: Client concentration, potato price volatility, expansion execution.
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IPO View: Strong moat, stable cash flows; watch valuation & debt profile.
RDP
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Business: Affordable “Make in India” laptops/desktops, AI-ready hardware.
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Strengths: Underserved ₹30,000 Cr price segment, govt tender advantage.
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Growth: ₹78 Cr (FY25) → ₹1,000 Cr (FY29) target.
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Risks: Aggressive scaling, competition from global brands, capital-intensive.
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IPO View: High-growth electronics play; execution & funding discipline critical.
Prabhu Naidu Ltd.
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Business: Vertically integrated recycled fabrics & eco-bags; ESG-focused.
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Strengths: Strong certifications, global clients, social impact (5,200+ rural women employed).
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Growth: 6.9× FY25 revenue jump; PAT CAGR >200%.
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Risks: Aggressive growth targets, working capital strain.
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IPO View: Attractive ESG + growth story if priced at 10–15× P/E.
Alwar Greentech Ltd.
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Business: Lead oxides & alloys for industrial use.
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Strengths: Diverse products, experienced leadership, 44% revenue growth.
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Risks: Commodity price swings, environmental compliance.
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IPO View: Niche industrial play; attractive at 12–15× P/E.
SRG Narrow Fab Ltd.
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Business: India’s largest elastic manufacturer (apparel, footwear, medical).
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Strengths: 30+ yrs ops, diversified demand, capacity expansion to 410 machines.
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Risks: Domestic market dependence, execution of expansion.
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IPO View: Stable niche with expansion upside; fair at ≤14× FY25 earnings.
Inovit Solutions
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Business: Precision components for aerospace, defence, automotive, energy.
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Strengths: High-entry-barrier certifications, marquee clients, capacity for 6× growth.
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Risks: Sector concentration, aggressive projections.
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IPO View: Precision engineering + MRO potential; secure multi-year contracts pre-IPO.
9M India Ltd.
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Business: Generic pharma with >1,000 approved products.
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Strengths: Regulatory edge in Chhattisgarh tenders, expansion into regulated markets.
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Growth: FY25–FY27 revenue to grow ~2.5×; high margins.
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Risks: Plant approval delays, tender concentration.
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IPO View: High-profitability, expansion-driven growth; fair at 18–20× P/E.