Rounaq Bakshi notes

  OCCL: One of the market leader in the production of Insoluble Sulphur Domestic Share of ~60% Global market share of ~10% Expansion of Capacities of Insoluble Sulphur from 3,000 MT in 2000 to 39,500 MT currently Niche Product Portfolio of Insoluble Sulphur, Sulphuric Acid & Olems offered in various grades to satisfy diverse compounding  requirements majorly for Tire industry State of the art manufacturing facilities in India at Dharuhera (Haryana) and at Mundra (Gujarat) OCCL has successfully implemented its In-house Technology which has been approved by all Customers across the globe Presence at the Port gives Location Advantage of reduced Logistic & Freight Cost ~55% of the sales constitutes Exports Sulphur available easily from oil refineries Coating Oil is procured from domestic as well as international suppliers  An increase in rate of Radialization in Commercial Vehicles in India will lead to an increase in requirement of Insoluble Sulphur Insoluble sulphur...

  Aarti Industries: expects a steady improvement in operating margins through FY27 Aarti Industries Limited (AIL) is one of the world's leading speciality chemical companies, combining process chemistry with scale-up engineering competence. The Company ranks globally 1st – 4th position for 75% of its portfolio and is a “Partner of Choice” for various Major Global & Domestic Customers. Outlook As raw-material costs stabilise and logistics normalise, AIL expects a steady improvement in operating margins through FY27, supported by new capacity ramp-ups and a diversified global mix. The Company continues to maintain a healthy balance sheet and disciplined capital allocation, ensuring a strong foundation for long-term value creation. Operational and Strategic Highlights  Energy: The gasoline–naphtha crack remained strong in Q2, supporting blending economics. US tariffs weighed on volumes and margins, with renegotiations underway to maintain demand. Strategic efforts continue to...

  Shipping Corporation of India MOU with Oil PSUs  The Shipping Corporation of India Ltd. has signed a Memorandum of Understanding with Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd. ,and Indian Oil Corporation Ltd. The purpose of this collaboration is to build and operate fleet together that will support the vision of Atmanirbhar Bharat, strengthen India’s shipping capacity, and improve country’s energy security. Under this MoU, companies plans to jointly acquire, own, operate, and manage vessels. These vessels shall be used for international trade as well as coastal transport of petroleum, petroleum products, petrochemicals, and other hydrocarbon cargoes. Container EXIM Trade  Leveraging Geopolitical Shift: Market volatility, exemplified by global tariff changes, is accelerating the "China Plus One" strategy, positioning India as the stable and preferred sourcing hub of choice.  Operational Integrity (India-Europe Service):  maintain ...

  KFin Technologies: H1FY26 Market share in NSE500 companies at 49.6%;  Financial Highlights – H1FY26 −  Revenue from operations stood at ₹ 5,832.9 million, up 12.6% y-o-y; Core revenue growth at 15.7% y-o-y Core International and other investor solutions revenue up by 27.5% y-o-y;  VAS revenue up by 37.8% y-o-y EBITDA stood at ₹ 2,495.7 million, up 10.3% y-o-y EBITDA margin at 42.8% PAT at ₹ 1,705.7 million, up 8.4% y-o-y, PAT margin at 29.2% Diluted EPS stood at ₹ 9.83, up 7.9% y-o-y Cash and cash equivalents at ₹ 6,908.2 million as on September 30, 2025  Business Highlights − Overall AAUM1 growth at 16.8% y-o-y vs. 16.5% for industry, market share at 32.5% Equity AAUM1 growth at 14.1% y-o-y vs. 15.6% for industry, market share at 33.0% Won an RTA mandate from a new AMC – Lakshya Asset Management;  Won SIF mandates from three existing AMC clients;  Won a data lake contract from an existing AMC client Added 5972 new corporate clients under issuer...

  Adani Enterprises and Google Partner to Build India's Largest Data Centre Campus in Visakhapatnam  Partnership includes next-generation data centre campus development and green energy infrastructure to power India’s AI-driven future Visakhapatnam, India – Adani Enterprises, through its joint venture company AdaniConneX, and Google announced a landmark partnership to develop India’s largest AI data centre campus and new green energy infrastructure in Visakhapatnam, Andhra Pradesh.  Google’s AI hub in Visakhapatnam is a multi-faceted investment of approximately USD 15 billion over five years (2026-2030), comprising gigawatt-scale data centre operations, supported by a robust subsea cable network and clean energy, to drive the most demanding AI workloads in India.  It will be brought to life in close collaboration with ecosystem partners including AdaniConneX and Airtel.  The foundational pillars of the Google AI hub developed in collaboration with AdaniConn...

  AGI Greenpac Maintains Growth Momentum in H1 FY26: Net Profit Up 22% to ₹165 Crore, Revenue Increases 11% to ₹1,289 crore  • Q2 FY26 Performance Stable with Revenue of ₹602 Crore and Net Profit of ₹76 Crore  • Company Strengthens Growth Trajectory with Capacity Expansions Across Container and Specialty Glass; Enters Aluminum Cans Segment to Broaden Packaging Portfolio India AGI Greenpac Limited, India’s largest glass container company, reported a robust H1 FY26 performance for the period ended September 30, 2025.  For H1 FY26, revenue grew 11% year-on-year to ₹1,289 crore, while net profit rose 22% YoY to ₹165 crore.  EBITDA for the period stood at ₹330 crore, representing a 5% increase compared to the same period last year.  In Q2 FY26, the company recorded revenue from operations of ₹602 crore, a net profit of ₹76 crore, and EBITDA of ₹154 crore.  Amid rising domestic and international demand, AGI Greenpac has undertaken a series of strategic capac...

  Sportking India Limited: capacity addition program with a planned investment of around ₹1,000 crores to significantly expand spindle capacity Key Financial Highlights – H1 FY26:  ➢ Revenue from operations stood at Rs. 1,213.2 Crs for H1 FY26. Exports contributed ~ 56% to overall revenue in H1 FY26 registering a growth of 15% on a yearly basis  ➢ In H1 FY26, Gross Profit increased by 3.9% YoY to Rs. 307.4 Crs. Gross Profit Margin expanded by 233 bps to 25.3%  ➢ EBITDA for H1 FY26 was Rs. 134.9 Crs – an increase of 0.7% YoY. EBITDA Margin for the half year improved by 70 bps on a yearly basis to reach 11.1%  ➢ Profit After Tax for H1 FY26 was Rs. 62.4 Crs – registering a growth of 5.1% YoY. PAT Margin was 5.1% and expanded by 53 bps on a yearly basis. Commenting on the results, Mr. Munish Avasthi, Chairman & Managing Director said, “We are pleased to deliver a stable quarter, underscored by a consistent upward trajectory in gross profit and EBITDA margins dr...