Company Analysis

Deep dives on individual listed companies — informational only, never a buy/sell call.

Trent Grew Revenue 19% and Fell Anyway. Six Straight Quarters Say This Isn't a Blip

Trent's Q1 FY27 revenue grew 19% and profit grew 26%, yet the stock is down 37% over the past year and was among today's biggest Nifty losers. Same-store growth has been decelerating for six straight quarters — and Trent's answer is a ₹2,500 crore bet on a chain that isn't Zudio.

4 Sept 2026 · 5 min read

Company Analysis

Nykaa's Profit More Than Tripled. The Stock Fell Anyway — And the Reason Isn't Valuation

Nykaa's Q1 FY27 profit jumped more than 3x and its money-losing fashion business finally turned a corner. Shares fell 3% on the day anyway — because the quarter also showed how much ground quick commerce has already taken in the one category Nykaa was built on.

3 Sept 2026 · 5 min read

Company AnalysisDeep Dive

Air India Is Asking Its Owners for $1.5 Billion. Here's Every Check They've Already Written.

Four years after Tata took the controls, Air India is asking Tata Sons and Singapore Airlines for roughly $1.5 billion — its biggest funding ask yet, arriving the same year its losses more than doubled. The pattern underneath the number is what actually explains it.

27 Aug 2026 · 8 min read

Company AnalysisDeep Dive

Blinkit Is Already Profitable. Instamart Just Hit 'Breakeven.' Those Aren't the Same Number

Eternal and Swiggy both filed Q1 FY27 results claiming quick commerce is turning a corner. One of them means EBITDA. The other means contribution margin — a much lower bar, and the two numbers get quietly treated as interchangeable.

24 Aug 2026 · 7 min read

Company Analysis

Shiprocket Listed at a 35% Premium Today. Its Losses Also Just Got Wider.

Shiprocket debuted on the exchanges today at a 35% premium to its issue price after a book 102 times oversubscribed. The company it just listed also lost more money last year than the year before.

20 Aug 2026 · 5 min read

Company Analysis

Paytm Just Posted a Real Profit. A ₹5,040 Crore Stake Sale Landed the Same Week — and It Isn't What the Headline Says.

Resilient Asset Management is selling a 4.98% stake in Paytm worth roughly ₹5,040 crore, right as the company posts its second straight profitable year. The obvious read is a founder cashing out. The paperwork says otherwise.

18 Aug 2026 · 3 min read

Company AnalysisDeep Dive

Tata Motors' 83% Profit Jump Did Not Come From Selling Trucks

Tata Motors' commercial vehicle arm reported an 83% rise in consolidated profit for Q1 FY27. Operating margins fell in the same quarter. Both things are true, and the gap between them is the whole story.

13 Aug 2026 · 7 min read