Things I compiled yesterday as part of my stock research activities.
Quarterly Results
New Orders Received
🟢 Bharat Electronics received orders worth ₹569 Cr covering avionics, EW systems, high energy laser, communication equipment, and tank subsystems. BEL closed FY26 with a total order inflow of ₹30,000 Cr.
🟢 L&T’s subsidiary L&T Energy GreenTech signed a long-term take-or-pay supply agreement with Japan’s ITOCHU for 300,000 tonnes of green ammonia annually from its upcoming Kandla, Gujarat facility.
Core Business & Regulatory
🟢 Eveready commissioned India's only operating alkaline battery facility in Jammu with a ₹180 Cr investment (not ₹200 Cr), adding 360 million units of annual production capacity (not 456 million). The alkaline battery market in India is growing at 25% annually, and this plant eliminates Eveready's dependence on imports, potentially improving EBITDA margins by 8 to 10%.
🟢 Stovekraft is entering its next growth phase driven by electric cooking appliances, reporting a 4x surge in average weekly induction cooktop sales on e-commerce platforms. India’s induction cooktop market is projected to grow at a 9% CAGR through 2030, with e-commerce now accounting for over 35% of small appliance sales.
Economy & Other
🟢 Transport Minister Gadkari pitched for flex fuel vehicles capable of running up to E100 to curb oil imports, benefiting Balrampur Chini, Triveni Engineering, and Dalmia Bharat Sugar. India's ethanol blending with petrol has already reached 19 to 20%, saving an estimated ₹1 lakh Cr in annual foreign exchange outgo.
🟢 Mines department targets 39% revenue growth in FY27 with a ₹14,000 Cr revenue target, benefiting NMDC, Coal India, and Vedanta. India’s mining sector contributed roughly ₹10,070 Cr in royalties and levies in FY26. Accelerated auction timelines for mineral blocks are the primary lever driving the FY27 target.
That’s it for today.
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Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.