Anand Parekar

सांब सदाशिव, सांब सदाशिव, सांब शिवा..
हर हर हर हर सांब शिवा...

|| हर हर महादेव ||

2 days ago | [YT] | 4

Anand Parekar

Anything and everything is getting questioned now.

So far impact anticipated was negative for IT but now extending to real estate and even to consumption to an extent.

Even business model of Physicswallah, Cartrade, Zaggle, Nuvama, Anand Rathi, PB Fintech etc.. all are being questioned.

Even the ones that have already adopted AI meaningfully in processes and doing Incrementally and already reaping benefits are under question.

Disruption is different from extinction, businesses will have to adapt quickly and which many will be able to do successfully.

Fear and pessimism spreads like fire, let's see where it takes us..but I think it's overblown to an extent..

#AI #disruption #businessmodel

3 days ago (edited) | [YT] | 6

Anand Parekar

Zaggle Prepaid: All Parameter Bit Performance for Q3FY26

It delivered highest ever quarterly performance in Q3

Rev: +48%, EBITDA: +73%, PAT: +77%
EBITDA%: 10.2% (+140 bps YoY), PAT%: 7.2% (+120 bps YoY)

9MFY26:

Rev: +41.4%, EBITDA: +60%, PAT: +71%
EBITDA% 10% (+120 bps YoY), PAT%: 7.5% (+130 bps YoY)


Recall management had revised revenue guidance for FY26 from 35-40% to 40-45% post Q2 results and well on track to achieve that.

More importantly, margin numbers are heartening, because 2nd consecutive quarter when the margins are in the guided range of 10-11%, so finally it is delivering on margin front which was missing piece in zaggle's story for last year.

At 31 PE of FY26 end and growing EPS at >50%, comfortably available at PEG <1

Detailed analysis video post concall tomorrow morning

Stay tuned!

#zaggle #growth #q3fy26 #payment #zaggleprepaid

4 days ago | [YT] | 12

Anand Parekar

Mrs Bectors: Ugly performance

Kaha 20-25% growth karne wale Mrs. Bector ka abhi growth 8% ka aya he.
Margin toh never ever looked going back to 14% mark

PE abhi bhi 60 ka he. Now it looks more similar to likes of HUL, Dabur jinhone salo se paisa nahi banaya.

Consumption slowdown se bahar nikalte nai dikh raha, or rather forgot its way while it changed it strategy of distribution network expansion. Whatever could be the reason, result is growth is absolutely invisible

Inse achha toh fir ye he

1. Manorama
2. Vintage
3. L T Foods

#q3fy26 #mrsbector #fmcg

5 days ago | [YT] | 6

Anand Parekar

It could possibly take time for you to up your learning curve. Each sector and company over the period you do analysis for will help you get better with passing day.
First your picks will get better, for sure you will be to atleast avoid bad companie and then position sizing Improves basis your conviction - किसमे कितना allocate करना हें..

But one thing should be clear mind की क्या नही करना हें.. trading..
Look at below case..and this is just one called out, there could n such cases everyday..

Success takes time, effort, patience and then that money is enduring. With quick bucks you start thinking of your luck as skill and one day is enough to make you realize it...

#stopgambling #tradingkills #investing #fundamentals #fno

5 days ago | [YT] | 3

Anand Parekar

Disappointment: Enviro Infra Q3FY26 Results

Revenues are flat yoy in Q3, on 9M basis revenue growth is in single digit.
The stock went into results with muted expectation, and corrected along with market in last few weeks & months but so far its a big underperformance in terms of numbers.

Because, if you recall, management had guided for 35-40% revenue growth at start of FY26 and maintained same guidance post Q2FY26 results, but did mere ~8% growth as of 9MFY26

Now, the revenue recognition can be lumpy given nature of business and order execution but achieving 35-40% revenue growth for FY26 now looks difficult.

Concall is yet to happen but now if management reduces guidance and if the situation is not alleviated in concall then invites more trouble.

Detailed video analysis post concall

#q3fy26 #enviroinfra #eiel #epc #watertreatment #growth

1 week ago (edited) | [YT] | 5

Anand Parekar

And... India Shelter Continues to Dominate in FY26

Q3FY26 AUM: +31%, Spread: 6.6% (+50 bps YoY), PAT: +33% (excl. labor code impact). ROE: 17.1%, ROA: 5.8%

9MFY26: AUM: +31%, PAT: +37%

This Consistent, Predictable and Repeatable performance is no easy task..
believe me..

However, In Q3, GNPA: 1.5%, NNPA: 1.2% both inched inched up 30 bps in Q3, management commentary can throw more light on the direction and nature of these deterioration

#q3fy26 #indiashelter #nbfc #housingfinance #highgrowth

1 week ago (edited) | [YT] | 6

Anand Parekar

Ethos Q3FY26: "New Quarter but Same Old Story"

It's 2 years now since, PAT is stagnating for Ethos and there is no growth in bottom line.

And Stock has given no returns in last 2 years

Reasons are same old
1. Higher Rentals with new store addition
1. Skilled Manpower costs rising
3. Forex losses

and story has not changed in Q3 as well,

Now top line growth consistently been in the range of 25-30%, so with new store addition sales growth pace hasn't accelerated as most are recently opened and are in nascent stage.

Other Income saved them this time otherwise bottom line would have degrown.

Mgmt Says "We continue to accelerate our store rollout strategy, with a focused approach toward high-quality, premium locations that enhance brand visibility and improve store level productivity. In parallel, we remain committed to attracting, developing, and retaining high-quality talent, recognizing that people are central to executing our growth strategy in an evolving retail environment."

so, Costs can be expected to stay elevated, meaning this wont change in near term at least

With elevated valuations, deal doesn't look attractive to me

1 week ago (edited) | [YT] | 5

Anand Parekar

Transrail Lighting : Q3FY26 Results

Robust Numbers again and bit on all parameters

Order Book position is strong.

One-tme labour code impact on PAT else looks good.

More importantly keep an eye on Power grid's developments - Transrail's biggest client. Today Power Grid’s management revised the company’s FY26 capex guidance to Rs 32,000 crore from the earlier Rs 28,000 crore.

अब Power Grid अच्छा करेगा, तो Transrail को orders मिलता रहेगा.

Power is decadal theme, I am playing it through Transrail, Polycab & KEI.

What do you like in this space?

#q3fy26 #kei #polycab #transrail #power

1 week ago (edited) | [YT] | 5

Anand Parekar

Utkarsh SFB: Q3FY26 PnL

That's why I say once things start to get bad for bank or nbfc if caught in wrong cycle it gets bad, worse and worse and worse before it can get better

High pace of loan book growth is double aged sword look so good in good times but if tables turn it erodes lot of your networth...

Now growth is missing, Non JLG is 65% but unsecured book is still 50%. Though MFI cycle may be is on cusp on turning, skeletons from past book can emerge to haunt again.

In banks and nbfcs prefer steady players with consistent approach if you want to avoid such nightmares, as this is a leverage business.

#q3fy26 #utkarsh #sfb #microfinance

1 week ago | [YT] | 2