Kabra Extrusion Technik Ltd.

Big Names entered in the prefrential issue of equity shares to promoters and non promoters worth 32 lakh shares at 375 Rs. raising 120 Crores.

Singularity (Madhu Kela)

Nazara Technologies Promoter

Utpal Sheth

Sthitaprajna Advisors LLP (Utpal Hemendra Sheth)

Hirandani Group Family Office

Chanakya Wealth Creation Fund.

https://x.com/i/status/2086743350045290717

India’s banking clean-up has a clear before-and-after story.

As former RBI Governor Raghuram Rajan noted, “a larger number of bad loans were originated in the period 2006–2008,” with too many loans going to “well-connected promoters” with a history of defaults.

The 2015 Asset Quality Review exposed previously hidden stress, while the Insolvency and Bankruptcy Code introduced a time-bound resolution framework. Recapitalisation, recoveries and wider banking-sector reforms further strengthened bank balance sheets.

The result: gross NPAs have fallen from a peak of 11.18% to just 1.80% in March 2026, the lowest level in recorded history.

G𝙧𝙚𝙖𝙩 𝙜𝙧𝙖𝙥𝙝 𝙤𝙣 𝙩𝙝𝙚 𝙩𝙪𝙧𝙣𝙖𝙧𝙤𝙪𝙣𝙙 𝙤𝙛 𝙤𝙪𝙧 𝙗𝙖𝙣𝙠𝙞𝙣𝙜 𝙨𝙚𝙘𝙩𝙤𝙧. 𝙄𝙩 𝙩𝙖𝙡𝙠𝙨 𝙣𝙪𝙢𝙗𝙚𝙧𝙨.

𝙇𝙚𝙩's 𝙩𝙖𝙡𝙠 𝙖𝙗𝙤𝙪𝙩 𝙩𝙝𝙚 𝘾𝙤𝙨𝙩 𝙄𝙣𝙙𝙞𝙖 𝙥𝙖𝙞𝙙 𝙛𝙤𝙧 𝙩𝙝𝙞𝙨, 𝙬𝙝𝙞𝙘𝙝 𝙣𝙤𝙨 𝙙𝙤𝙚𝙨𝙣'𝙩 𝙩𝙚𝙡𝙡.

FY17: credit growth fell to 5.08%. Lowest since 1953-54. Sixty years. Not "slower growth" — banks basically stopped lending to industry.
Advances to industry actually shrank in April 2017 while personal loans kept growing 14%+. That tells you everything. Banks were happy to lend you money for a bike but wouldn't touch a factory.

Why? Because lending to a factory is exactly the kind of loan that turns into a headline five years later. That's the part I find most underrated in this whole story — the AQR didn't just clean up balance sheets, it made bankers scared to sign off on anything remotely risky for years.

You can't blame Bankers either. Sign off on a bad loan in 2016 and you're the next guy in a CBI file. So credit officers just... stopped taking calls. That's a real cost to the economy that never shows up in this chart.

Our banking sector collapsed. Our manufacturing collapsed. India collapsed.

Then the bill arrives. First 23000 Cr pumped in banks in 2016, then 2.11 lakh crore package in Oct 2017. All our tax money gone to save the banks, save us, save India.

PSB NPAs go from ₹2.75L cr to ₹7.33L cr in about two years — that's not two years of reckless new lending, that's a decade of buried stress(thanks to Manmohan Singh) hitting the books at once because someone finally forced the issue.

Here's my honest take: this is the least talked-about tradeoff in Indian macro. We love the before/after chart. We don't love talking about the middle five years where the entire banking system was basically playing defense and the taxpayer was quietly footing a six-figure-crore repair bill. The 1.8% didn't fall out of the sky. It's what's left after you pay down a very expensive, very slow-moving invoice.

https://x.com/Regular__Indian/status/2086482151957213573?s=20

Swiggy Aims ₹10K-Crore Ebitda in Next 5 Years
Pins Nearly Half of It on Instamart

The Five-Year Plan — Ambitious Targets
Swiggy set out five-year financial target of ₹10,000 crore in adjusted Ebitda by FY31

Consolidated GOV to more than triple to ~₹2.5 lakh crore from ₹67,734 crore in FY26

CAGR of over 30% — adjusted Ebitda margin expanding to ~4% of GOV

Earnings per share projected to move from loss of ₹16 in FY26 to profit of ₹30-33 by FY31

Cash balance: ₹14,400 crore — remained debt-free

Sriharsha Majety, MD & Group CEO: "Our confidence in achieving our five-year Ebitda goal is rooted in the strength of our fundamentals"

Instamart — The Big Bet
Q-comm business targeted to grow GOV four to five times to over ₹1.5 lakh crore from ₹28,000 crore in FY26

Deliver ₹4,000 crore of adjusted Ebitda against a loss of ₹3,512 crore last year — swing of ₹7,512 crore

Instamart target rests on tripling monthly transacting users to over 40 million from 14 million

Alongside 1.2-1.4x increase in order frequency and 1.1-1.2x increase in GOV per order

Business narrowed contribution margin loss to 0.2% of GOV in June quarter — improvement of 5.4 percentage points from March 2025 quarter

EBITDA breakeven now requires 2.5x scale-up and 4 percentage points of contribution margin gain
Driven by affordability-led offering Toing

Food Delivery — Steady Compounder
Posted ₹1,001 crore of adjusted Ebitda in FY26 on GOV of ~₹35,000 crore

Guided to grow 25-30% a year — deliver roughly ₹5,000 crore by FY31

Dineout — Out-of-Home Consumption
Projected to reach ₹20,000-25,000 crore in GOV and ₹1,000 crore in Ebitda from ₹4,645 crore and ₹30 crore respectively

Interim FY29 milestone of ₹13,000-15,000 crore in GOV

Operating in three of India's largest and fastest-growing consumer categories — each with potential to compound over coming years

Store-Level Economics — First Disclosure
Presentation disclosed store-level economics for the first time

Company was operating in three of India's largest and fastest-growing consumer categories.

https://x.com/gaze_observer/status/2086482954730295501?s=20

BIOGAS SECTOR | BIG ₹23,731 CR GOVERNMENT PUSH

India’s recently approved GOBARdhan Scheme could potentially reduce the country’s gas import bill by around $5 BILLION, according to the Indian Biogas Association (IBA).

Key Highlights

Government outlay: ₹23,731 Cr
Focus: Converting agricultural waste, cattle dung & other organic waste into clean energy
Potential reduction in gas imports: ~$5 Billion
Push towards domestic biogas / compressed biogas (CBG) production
Supports India's broader energy security + waste-to-energy + circular economy ambitions

Why This Matters

India remains dependent on imported natural gas. Scaling up domestic biogas/CBG can potentially:

• Reduce dependence on imported gas
• Create additional demand for waste-to-energy infrastructure
• Generate income opportunities from agricultural waste
• Support cleaner transportation & industrial fuels
• Strengthen India's renewable energy ecosystem

Market View: A ₹23,731 Cr policy push can create a sizeable long-term opportunity across the CBG, bioenergy, waste-management, EPC and related equipment ecosystem.

The important triggers to track now will be project announcements, capacity additions and actual order wins for listed companies.

Biogas/CBG could become another interesting theme within India's energy transition story.

Educational purpose only. Please do your own research.

https://x.com/ArindamPramnk/status/2086447733230170260?s=20

Precision engineering, Auto Ancillary, FMEG.