Sadhan Investing

🚨 JNK India — Dangote trigger getting closer A significant development has emerged for JNK Global around the Dangote Refinery Phase-2 expansion in Nigeria. The reported deal size is around $125 million (~₹1,100 Cr) for JNK Global, making this a meaningful win for the parent company. This is particularly interesting for JNK India, because management had highlighted Dangote Phase-2 as one of the key export opportunities for FY27. In the concall, management's words were “high chance” of getting this order. Quick recap: • Management had indicated that the fired-heater order was expected to be finalised in Q1 FY27, followed by reformer opportunities in Q2/Q3. 👉 Why this matters for JNK India A ~$125 Mn (~₹1,100 Cr) order for the parent is significant and could further strengthen JNK Global's credentials in large international refinery projects. The company already has an order book of ~₹1,961 Cr and management has highlighted an export opportunity pipeline of $200–300 Mn. Not a recommendation !

Great experience speaking at #IAS2026 in Goa! 📍 It was awesome connecting with subscribers in person. For my presentation, I covered a detailed case study on Thermax and the structural drivers positioned to power its next phase. Sharing the presentation deck here for everyone who couldn’t attend 👇 https://learn.amitabhvatsya.com/learn/newsfeed/IAS-2026-Presentation-

Hitachi Energy : Great summary post Q1 Concall👇👇

https://youtu.be/eEFZikqySqo?si=Q8gBjHBhi0tRCYD7

🚨 The Hidden Monopolies in India’s EV Boom! ⚡🔋 In our latest deep-dive analysis, we break down the 12 core components of India’s EV Battery Supply Chain and map out the exact listed companies positioned to capture this massive shift! 📈 🔍 What we cover in this video: * Cathode & Anode Active Materials: Key plays like Himadri Specialty, GFCL EV, HEG & Graphite India. * Electrolytes & Additives: Opportunities in Neogen Chemicals, Tatva Chintan & Anupam Rasayan. * Precursors & Foil Suppliers: Breakdown of Sudeep Pharma, Hindalco & Shyam Metalics. * Supply Chain Gaps: Where unlisted players dominate and where the next big listed opportunities lie. If you are evaluating long-term investments in electric vehicle theme, then this complete value chain framework is a must-watch! 👇 🎬 Watch the full analysis here: https://youtu.be/9iPI3Jmam_w

📊 Get Ahead of the Market Before the New Trading Week Begins! 🚀 In our latest release (https://youtu.be/cPV66GRxdBU ), we break down 10 critical business updates, sector trends, and management commentaries that every serious long-term investor needs to track right now. ⚡ Early Access is NOW LIVE for Sadhan Prime + Members! 👉 Join or Upgrade to Sadhan Prime + Here: https://www.youtube.com/channel/UCH1CbIdTzFSVq788pIVKljg/join 👑 WHAT YOU GET WITH SADHAN PRIME PLUS (₹1,999/month): 📈 Sadhan Watch-List: Exclusive access to our curated watch-list. 🎯 2 Exclusive Deep-Dive Videos: Monthly high-value research videos not available on the main channel. 📚 Full Sadhan Library Access: Instant access to 25+ past premium deep-dive videos. 💡 10+ Actionable Insights: Expert monthly business & market updates curated by Amitabh Vatsya. 🎙️ Monthly Live AMA Stream: Interactive members-only Q&A session to get your queries answered. ⚡ Priority Comments: Faster, direct responses to your queries in the comments.

🙏 Happy Guru Purnima from Team Sadhan! 🙏 "A Guru shapes our thoughts, strengthens our character, and shows us the path to success." On this auspicious day of Guru Purnima, we express our deepest gratitude to all the teachers, mentors, and guides who inspire us to learn, grow, and create value every day. In life—and in the markets—our greatest teachers are often: 📚 The Mentors who share their wisdom with generosity 📈 The Markets that teach us patience, risk management, and discipline 💡 The Mindset of remaining a lifelong student Let's continue to: 📖 LEARN Continuously 📈 GROW Consistently 🛡️ PROSPER Responsibly Wishing you and your family a blessed Guru Purnima! ✨ — With Gratitude, The Sadhan Family

🚀 Big update from SG Finserve (#SGFIN)! SG Finserve has partnered with BharatPe Money & Succesship Technologies to launch a paperless, RBI-compliant digital credit platform for merchants across India. Uniting a strong balance sheet + BharatPe's vast distribution + fintech tech stack is a textbook strategy to scale supply chain/digital credit fast. I just dropped a detailed video breaking down the numbers, underwriting model, and road ahead 🎥 Watch the full video here https://youtu.be/xkbIxY5o10A

🚀 Frameworks > Tips ! At the Investing Accelerator Summit (IAS) in Goa next month (August 7-8), I’m not just pitching a stock. I’m breaking down the exact execution blueprint I use to spot micro-cap and industrial compounders right at their inflection points—before the broader market catches on. What we will be digging into: 🔹 The Mechanics of Operating Leverage 🔹 Value Chain Deep Dives: 🔹 The "Inflection Point" Checklist 🌐 The real value is in the room. The presentations are just half the story. The true ROI comes during the intervals—having a coffee with fund managers, arguing thesis points with serious investors, and building a high-quality network that gives you true perspective. 🎁 Special Note for the Sadhan Community: If you are coming, make sure to find me and say hello! I have some exclusive Sadhan goodies packed and ready for you. Slots are filling up fast for August. Secure your seat here: 👉 https://investingacceleratorsummit.com/?invite=SADHAN See you in Goa! 🌴🚀

🚨 New Deep Dive: How Does This NBFC Have 0% NPAs? Most NBFCs struggle with asset quality over time. But SG Finserve has reported 0% Gross NPAs while growing rapidly. Is this sustainable? What's driving this performance? More importantly, can it continue? In this video, I break down: ✅ Business model explained simply ✅ Why the company has reported 0% NPAs ✅ Supply chain financing opportunity ✅ Growth drivers & management strategy ✅ Key risks investors must watch ✅ Valuation and long-term investment thesis If you're looking for emerging businesses with strong fundamentals, this analysis is for you. 🎥 Watch here: https://youtu.be/xkbIxY5o10A If you find the analysis valuable, do like, share, and let me know in the comments which company you'd like me to cover next. Disclaimer: This video is for educational purposes only and should not be considered investment advice. Please do your own research before investing.

📊 Exclusive Microcap & Smallcap AMA is Now LIVE for Members! In this session, we break down the core risks, structural growth opportunities, and long-term investment frameworks for some of the most discussed companies on our radar: ⚡ Yash High Voltage (Analyzing high-voltage insulator demand & technology shifts) 📦 Krishca Strapping (Decoding microcap industrial packaging value chains) 🛡️ Krishna Defence & Avantel (Evaluating order book execution & niche defense electronics) 🧪 Sudeep Pharma (Breaking down specialized pharma excipient moats) 🔒 Members, watch the full deep dive here: 👉 https://youtu.be/c2ONI-dFjo0 Not a member yet? Click the "Join" button on our channel page to unlock this AMA, previous deep-dives, and exclusive community frameworks!

Why track record matters in a Special Situation? We recently discussed Triveni Engineering as a case study on special situation investing. However very few knew this.. Nearly 4 years ago, I broke down Triveni Engineering  when it was still strictly being valued as a cyclical sugar play. Even back then, the management stood out for two massive reasons: 1️⃣ Exceptional Capital Allocation: While competitors diluted equity, this management consistently bought back shares—setting a benchmark buyback at ₹350. Fast forward to today, the stock touched a structural high floor. 2️⃣ Incubating Value in Quiet Corners: What was once just a tiny 4-5% revenue slice (Power Transmission) has quietly transformed into a high-precision engineering powerhouse with deep defense moats. The upcoming demerger isn't a random event. It is the culmination of a multi-year masterclass in capital allocation. If you want to see where this journey started to fully understand how they got here, check out our foundational analysis from 2022: 🔗 https://youtu.be/EUg9LzAEBA0?t=261

🚨 Special Situation Deep Dive: Sugar to Defence Demerger Play 🚢⚓ A fascinating value-unlocking story is quietly playing out in the Indian stock market right now. A legacy, commodity-focused company is about to spin off its high-growth, high-precision engineering wing. If you love identifying hidden gems before the broader market catches on, this is a thesis you need to see. The Core Thesis: The Hidden Asset: While 90% of its current identity is tied to the cyclical sugar & ethanol sector, the company secretly houses an incredibly high-margin (35%+ EBIT) power transmission and naval gear business. Massive Defence Triggers: This engineering division isn't just growing; it's scaling rapidly. It recently secured prestigious orders from Mazagon Dock Shipbuilders and signed a strategic MOU with UK engineering powerhouse Rolls-Royce for next-gen naval gas turbines. The Valuation Disconnect: Because the market still values the parent entity primarily as a sugar stock, this high-moot defense and engineering business is sitting on an aggressive capacity expansion (backed by a 25% CAGR order book) that the broader market has yet to fully price in. With a definitive spin-off and demerger timeline fast approaching in the next few months, this makes for an incredible case study on special situations and corporate restructuring. Is the market severely mispricing this hidden defense proxy? 👇 Watch the full breakdown to decode the entire thesis, the numbers, and the valuation gap: 🔗 https://youtu.be/kKMOdFKcSFg

Yash High Voltage raising ₹150 Cr isn’t just a fund raise — it’s a signal of demand visibility. Upgrading capex plan from 245 kV → 550 kV to become a global supplier. 80–85% of funds going into greenfield expansion, rest into brownfield capacity. Management says new capex can support ₹800–1,000 Cr revenue potential. Asset turnover ~4x; exports targeted to rise from 7% → 20% in 3–4 years. 40%+ growth guidance maintained with ~25% EBITDA margins despite expansion costs. Lead times at 10–12 months indicate strong order visibility for the next 3–5 years. Sadhan takeaway: This is not a “capacity for hope” story. It is capacity being built because demand already exists. The key monitorables now are localization, export approvals, and FY27 execution before the FY29 margin expansion thesis plays out. Sadhan first take (May 2025) 👉👉 https://youtu.be/MhDfIRE-M6o Disclaimer: Invested since Rs 160 levels.

Work creates income. Income buys assets. Assets create wealth. Wealth buys freedom.

Most investors look at shipyards. Few study the entire shipbuilding ecosystem. The biggest winners could emerge from companies supplying: ⚓ Propulsion 🔋 Batteries ⚡ Electricals 🚰 Pumps & Valves 📡 Electronics 🏗️ Steel ❄️ Cooling Systems I've mapped the complete value chain in the attached infographic. 🎥 Watch the full analysis: https://youtu.be/oqPCvIPOZaE The best investment ideas often come from understanding the ecosystem before the market does. 🚀

https://youtube.com/shorts/nYYC7r5eau0?si=Vyk8pMpWP7mxs-k0

https://youtu.be/oRuLijobSG4

Excited to be speaking at the Investing Accelerator Summit in Goa! 🌴 I'll be sharing a high-conviction growth idea along with the framework I use to identify businesses at inflection points—well before they become market favorites. If you're serious about long-term investing, this is a great opportunity to learn, exchange ideas, and connect with fellow investors. 🎁 For the Sadhan Community: If you're attending, do come and say hello! I'd love to meet you in person, and I have some exclusive Sadhan goodies for everyone who drops by. Register here: 👉 https://investingacceleratorsummit.com/?invite=SADHAN Looking forward to meeting many of you in Goa! Cheers, Amitabh Vatsya

🚨 Prime Plus Members Exclusive We believe this small-cap is at the verge of an inflection point. ⚓ Yesterday: Naval ✈️ Tomorrow: Aerospace The market is still valuing it for its past, while the opportunity lies in its future. 🎥 Members-only deep dive: https://youtu.be/u9uJCmxmwJk?si=QQRIH4ZCEVkYIF3O