Powering the Data -Centre Decade: A Deep-Dive into TD Power Systems Business TD Power Systems (TDPS) makes money primarily by designing and manufacturing AC generators and large motors for industrial and power applications, with a smaller EPC/project business, and a growing skew towards exports and higher‑value gas and industrial applications. Rising export volumes drive its economics, an improving product mix (gas generators, motors, aftermarket), and operating leverage on

Quarterly Equity Market Update: December 2025 Quarterly Equity Market Update Executive Summary As we enter the final month of 2025, Indian equity markets are navigating a complex phase of “growth vs. valuation.” While the domestic economy delivered a stunning 8.2% GDP growth  in Q2 FY26, surpassing all estimates, equity benchmarks have faced selling pressure in November and early December. The Nifty 50, after reclaiming record highs in November, has recently corrected, weighe

Websol Energy System makes almost all its money by manufacturing and selling solar photovoltaic (PV) cells and modules, with revenue currently concentrated in India and driven by a sharp scale‑up in mono‑PERC cell and module volumes at attractive margins.

Premier Energies: leading integrated solar PV manufacturer in India Premier Energies makes money primarily by manufacturing and selling solar PV cells and modules, with India as the core market and a growing export franchise, and is gradually adding upstream (ingots/wafers) and adjacent products (storage, inverters, EPC) to deepen integration.

Waaree Energies: India’s largest manufacturer and exporter of solar modules Waaree Energies makes most of its money by manufacturing and selling solar panels (modules), with smaller but fast‑growing revenue from EPC (turnkey solar projects) and a tiny share from power generation. What Waaree sells and where money comes from The core business is solar PV modules (panels) sold to power plants, commercial/industrial rooftops, and exports; this accounts for roughly mid‑80% of rev

Polycab - India’s leading manufacturer of cables and wires.

Dissecting the business model, sector dynamics, risks, and management signals behind a slow-growth but high-margin rating franchise. CARE Ratings: A Tollbooth on India’s Credit Market with a Scarred Track Record CARE Ratings makes most of its money by charging companies, banks, and bond issuers fees to rate their debt and then charging smaller annual fees to keep those ratings updated. Almost all revenue comes from this ratings work in India, so the business is asset‑light w

Caplin Point provides affordable, high-quality generic medicines to millions of people in countries such as Guatemala, El Salvador, Nicaragua, and Ecuador, where access to healthcare is limited. Pharmacy for underserved populations Caplin Point Laboratories is an Indian pharmaceutical company that has carved out a unique niche by focusing on emerging markets (primarily Latin America and Africa) rather than competing head-to-head with giants in the crowded US or Indian market

Think of Dynacons like a General Contractor for building a house, but instead of houses, they build IT infrastructure (servers, data centres, cloud systems) for big companies.

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