Lemon Tree Hotels Ltd is India’s largest hotel chain in the midscale segment. Having established itself as a leader and a well known brand in the midscale segment, Lemon Tree Hotels is now embarking on an ambitious journey by making investments into the upper and luxury segment while expanding aggressively on an asset light in…
Transrail Lighting Ltd is a differentiated mid cap EPC play on the India & global power T&D capex cycle. Strong order visibility, disciplined bidding and best in class return ratios underscore its superior capital efficiency versus peers. With international exposure driving margin accretion and backward integration enhancing execution agility, Transrail Lighting Ltd appears well placed…
Prince Pipes and Fittings Ltd incorporated in 1987, is among the leading domestic polymer pipes and fittings manufacturers and is currently India’s fifth largest player in terms of revenue with a market share of 5%. We believe Prince Pipes and Fittings Ltd is currently sitting on significant operating leverage with capacity of ~4.0 lakh+ MTPA…
Man Industries Ltd is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India with a total installed capacity of 1.18 million tonnes. Man Industries Ltd is among the leading manufacturers of large diameter pipes with 3 decades of presence in the steel pipe Industry. Man Industries Ltd Company Summary Man…
Shankara Building Products Ltd is among India’s largest omni-channel marketplaces for building products, with an expansive portfolio spanning steel products, construction materials, plumbing and sanitaryware, flooring, roofing, electricals, and other allied home improvement solutions. The company’s retail operations are conducted under the well-recognized brand “Shankara Buildpro”, catering to a diverse customer base including homeowners, small…
Delhivery Ltd. is a mid-cap logistics services company (MCap of INR 31800 Cr as of 18th July, 2025) headquartered in Haryana. Delhivery Limited is India’s largest fully integrated logistics services provider. Delhivery Ltd Company Summary Founded in 2011 by Sahil Barua and co-founders, it was initially a hyperlocal delivery startup in Gurgaon but quickly pivoted…
Allied Blenders & Distillers Ltd is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the third-largest IMFL company in India, in terms of annual sales volume over FY2014 and FY2024 It is one of the only four spirits companies in India with a pan-India sales and distribution footprint, and a leading exporter of IMFL.…
Capital Small Finance Bank Ltd is a recently listed micro-cap small finance bank with a market cap of 1365 Cr (09th June, 2025). The bank is headquartered in Jalandhar and does most of its business in the states of Punjab and Haryana. Capital Small Finance Bank has a differentiated business model, though localized in a…
Established in 1986, Mold-Tek Packaging Limited (MTPL) is the leader in rigid plastic packaging in India. Mold-Tek Packaging Limited is involved in the manufacturing of injection molded containers for lubes, paints, food and other products. Mold-Tek Packaging is on the cusp of becoming a truly diversified business within the rigid plastic packaging space, with the…
Tarsons Products Ltd is an Indian labware company engaged in the designing, development, manufacturing, and marketing of ‘consumables’, ‘reusables’, and ‘others’, including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations, Diagnostic companies, and hospitals. Tarsons products Ltd operates in an industry characterized by low gross asset turns…