▲ Texmaco Rail +13.69%▲ Berger Paints +6.23%▲ Nitco +5.06%▲ Nephrocare +4.05%▲ Cipla +3.7%▼ Tata Power −1.78%▼ Torrent Q4 PAT −70%
Earnings · Orders · Corporate News · Macro · 13 May 2026
01TATA POWER — Q4 Profit Dips 4.5% to ₹996 Cr; Full-Year PAT Hits Record ₹5,118 Cr
₹410.95 ▼ −1.78%
Mkt Cap ₹1,31,696 Cr52W H ₹464.8052W L ₹342.35Promoter 46.86%
| Metric |
Q4 FY26 |
Q4 FY25 |
Change |
| Net Profit (Consol.) |
₹996 Cr |
₹1,043 Cr |
▼ −4.5% |
| Revenue from Ops |
₹14,900 Cr |
₹17,096 Cr |
▼ −12.8% |
| Full Year PAT |
₹5,118 Cr — Highest Ever |
▲ +7% |
| Annual EBITDA |
₹16,090 Cr |
▲ +11% |
| Final Dividend |
₹2.50/share · Record Date: 23 Jun 2026 |
— |
💬 RUPIE SPEAK: Q4 dip is just noise — the full year tells the real story. Best-ever PAT of ₹5,118 Cr. Clean energy, distribution, and renewables are firing. Buy the dip near ₹390–400.
02TORRENT POWER — Q4 Profit Crashes 70% to ₹318 Cr; Declares ₹5 Final Dividend
Q4 PAT ₹318 Cr ▼ −70%
Total FY26 Dividend ₹20/shareFull Year PAT ₹2,416 Cr ▼ −19%
| Metric |
Q4 FY26 |
Q4 FY25 |
Change |
| Net Profit |
₹318 Cr |
₹1,059 Cr |
▼ −70% |
| Revenue from Ops |
₹6,406 Cr |
₹6,456 Cr |
▼ Flat |
| Full Year PAT |
₹2,416 Cr |
— |
▼ −19% |
💬 RUPIE SPEAK: Gas business pressure is the villain here. Strip out FY25's one-time ₹637 Cr tax reversal and the underlying picture is better. ₹20/share total dividend is a consolation. Not a panic sell — but no rush to buy either.
03ALFA TRANSFORMERS — Bags ₹8.15 Cr Contract from Tata Power JV for Distribution Transformers
₹49.19 ▲ +1.97%
Mkt Cap ₹44 Cr52W H ₹8552W L ₹27.03Promoter 46.80%
Won a ₹8.15 Cr contract from TPWODL (Tata Power + Govt. of Odisha JV) for supply of Distribution Transformers. Execution by May 2028. For a ₹44 Cr market cap company, this order is nearly 18% of its own size — material win.
💬 RUPIE SPEAK: Tiny company, big-name customer. A Tata Power JV order validates product quality. Watch for repeat orders from Odisha's power rollout. Thin stock — handle carefully.
04SESHASAYEE PAPER — Board Approves ₹25 Cr Capex for Copier Paper Expansion at Erode & Tirunelveli
₹256.00 ▲ +1.97%
Mkt Cap ₹1,607 Cr52W H ₹323.8052W L ₹213.00Promoter 43.11%
₹25 Cr capex to boost copier paper conversion capacity at Tamil Nadu units. No change in overall paper manufacturing capacity — this is a value-add upgrade targeting a bigger slice of the copier market. Project completion: 6 months from June 2026.
💬 RUPIE SPEAK: Low-risk, targeted investment. Copier paper demand is steady. Revenue impact expected from Q3FY27. Good watchlist stock — down from ₹323, hasn't been re-rated yet.
05LARSEN & TOUBRO — L&T Semiconductor Signs Multi-Year AI Design Deal with Synopsys for Power Electronics
₹3,878 ▲ +0.55%
Mkt Cap ₹5,33,071 Cr52W H ₹4,44052W L ₹3,288Institutions 62.35%
L&T Semiconductor Technologies (LTSCT) signed a multi-year deal with Synopsys to use AI-powered simulation software for designing next-gen power modules used in EVs, renewables, and industrial automation. Covers chip, package, and system-level design from 1.2 kV to 10 kV range.
💬 RUPIE SPEAK: L&T's semiconductor bet is getting real. AI-powered design tools + power electronics = direct EV and renewables play. At ₹3,878 vs ₹4,440 high, this story is underpriced. Long-term accumulate.
06VIBHOR STEEL TUBES — Gets ₹1.80 Cr Order for Metal Crash Barriers; Earlier Won ₹16.87 Cr Tower Order
₹130.60 ▲ +4.06%
Mkt Cap ₹248 Cr52W H ₹20752W L ₹100.60Promoter 74.62%
New ₹1.80 Cr crash barrier order from Royal Infraconstru. Builds on an earlier ₹16.87 Cr transmission tower order. Two different infra segments — roads and power — showing diversified order flow from India's infrastructure push.
💬 RUPIE SPEAK: Small orders, big trend. Roads + power infrastructure spending benefits Vibhor directly. High promoter stake is comforting. Stock off its highs — steady accumulation territory for small-cap infra investors.
07CROMPTON GREAVES CONSUMER — Launches B22 Lamp Holder in B2C Lighting Category
₹284.15 ▲ +0.67%
Mkt Cap ₹18,268 Cr52W H ₹364.3552W L ₹217.50Institutions 86.62%
Launched B22 Lamp Holder (Round and Angular) for domestic market on May 12, 2026. Extends its home electricals accessories range as part of its B2C Lighting strategy.
💬 RUPIE SPEAK: Small launch, steady strategy. Crompton is building its home electricals basket piece by piece. Real re-rating needs a strong quarterly result, not product launches. Watch Q4FY26 numbers for direction.
08TATA MOTORS PV — Launches Altroz iCNG AMT: India's First Premium Hatchback with CNG + Automatic Transmission
₹341.05 ▲ +1.22%
Mkt Cap ₹1,24,706 Cr52W H ₹459.6752W L ₹294.15Promoter 42.56%
Tata Motors launched the Altroz iCNG AMT — the only CNG hatchback in India with automatic gearbox. Priced from ₹8.69 lakh to ₹10.76 lakh across 5 variants. Solves the biggest buyer complaint against CNG cars: manual-only transmission.
💬 RUPIE SPEAK: First mover advantage in CNG+AMT. Buyers who want fuel savings but hate manual gears now have one option — the Altroz. This could move volume numbers in H1FY27. Stock at ₹341 vs ₹459 high is an attractive entry.
09NITCO — Gets Extra ₹66.65 Cr Marble Order from Prestige Estates; Total with Prestige Now ₹347 Cr
₹103.25 ▲ +5.06%
Mkt Cap ₹2,456 Cr52W H ₹16452W L ₹64.20Promoter 20.17%
Additional ₹66.65 Cr marble order from Prestige Estates takes the aggregate to ₹347 Cr. To be executed over 12 months. Prestige is one of India's biggest and most demanding developers — repeat orders here mean execution is solid.
💬 RUPIE SPEAK: Prestige keeps coming back — that says everything about Nitco's delivery. ₹347 Cr aggregate with one developer is a strong anchor. Low promoter holding is a flag — keep position sizes disciplined. Speculative buy.
10NEPHROCARE HEALTH — Philippine Arm Acquires Dialysis Centre in Bataan for 89.60 Mn Philippine Peso
₹597.00 ▲ +4.05%
Mkt Cap ₹5,976 Cr52W H ₹619.0552W L ₹445.00Promoter 63.85%
Philippines subsidiary acquired dialysis centre assets at Orani, Bataan for 89.60 Mn Peso. Expands Nephrocare's footprint in a market with high dialysis demand and limited quality options outside Manila.
💬 RUPIE SPEAK: Dialysis is a for-life service — patients return 3x a week. This acquisition adds sticky, recurring revenue in a high-need market. Healthcare is the one sector working in today's volatility. Near 52W high — strong momentum. Hold.
11STANDARD ENGINEERING TECH — Sets Up 'Standard Projects' Subsidiary for Modular & PEB Construction
₹133.05 ▲ +1.45%
Mkt Cap ₹2,666 Cr52W H ₹203.4052W L ₹104.75Promoter 60.47%
Incorporated 'Standard Projects' (75% stake) on May 12 for high-precision engineering, precast structures, modular buildings, and Pre-Engineered Building (PEB) systems. PEB is a high-growth area driven by warehouses, factories, and data centres.
💬 RUPIE SPEAK: Smart move into a booming segment. PEB demand is only growing. Early stage — watch for the first orders into this new entity. That's when the re-rating happens. Positive development.
12INTERARCH BUILDING SOLUTIONS — Bags ₹102 Cr Pre-Engineered Steel Building Order; 8–10 Month Execution
₹2,058.60 ▲ +1.58%
Mkt Cap ₹3,436 Cr52W H ₹2,756.3552W L ₹1,655.55Promoter 59.43%
Secured a ₹102 Cr order (plus taxes) for design, supply, and erection of a Pre-Engineered Steel Building. Execution within 8–10 months. As India's top pure-play PEB company, this adds meaningfully to an already strong order book.
💬 RUPIE SPEAK: India's best PEB pure-play keeps winning orders. ₹102 Cr = ~3% of market cap in one order. Warehousing and data centre boom is the long-term engine here. Below its ₹2,756 high — good accumulation zone.
13MACRO — Morgan Stanley Forecasts Sensex at 89,000 by June 2027; Likes Financials, Consumer & Industrials
Target: Sensex 89,000
Upside ~19% from current levelsStrategist: Ridham Desai
Morgan Stanley's base case: Sensex 89,000 by June 2027 driven by earnings recovery, RBI rate cuts, income tax cuts, capex in energy/defence/semiconductors, and trade deals with the US and EU. Overweight on Financials, Consumer Discretionary, Industrials. Underweight on Energy, Materials, and Healthcare. Called IT services a potential "dark horse" as global companies turn to India to build AI apps.
💬 RUPIE SPEAK: Big institutional endorsement at exactly the right time. When the market is bleeding, Morgan Stanley calling 89,000 is a sentiment anchor. The IT dark horse call is bold — and could be right if Indian firms pivot to AI building. Watch this space.
14ELECTRONICS MART INDIA — Opens New 5,200 Sq Ft Bajaj Electronics Store in Pallakol, Andhra Pradesh
₹115.95 ▲ +4.27%
Mkt Cap ₹4,484 Cr52W H ₹168.5052W L ₹75.65Promoter 65.17%
New 'Bajaj Electronics' store opened in Pallakol, AP (5,200 sq ft) on May 12. Earlier opened an 'Electronics Mart' store in Rohini, Delhi in March. Steady pan-India store expansion underway in both home turf (South) and new markets (North).
💬 RUPIE SPEAK: India's No. 3 electronics retailer is quietly expanding. Organised retail in consumer electronics is still underpenetrated in smaller cities. From ₹75 to ₹116 — strong recovery. Below ₹168 high with room to grow. Buy on dips.
15RAIL VIKAS NIGAM (RVNL) — Emerges Lowest Bidder for ₹221 Cr Electronic Interlocking Project on South East Central Railway
₹287.95 ▲ +1.64%
Mkt Cap ₹59,913 Cr52W H ₹44852W L ₹248.25Promoter 72.84%
RVNL is L1 for a ₹221.33 Cr project to upgrade 15 stations in Bilaspur Division from old Panel Interlocking to modern Electronic Interlocking systems. Execution: 730 days. Railway safety modernisation is a high-priority, non-cancellable programme.
💬 RUPIE SPEAK: RVNL keeps winning across every railway segment. Electronic interlocking is a critical safety upgrade — government-backed and recession-proof. Stock at ₹288 is well off ₹448 high. Indian Railways' ₹2.65L Cr capex is RVNL's playground. Solid PSU hold.
16MACRO — India Exim Bank: Q1 FY27 Merchandise Exports Seen at $111.9 Bn; Non-Oil at $97.8 Bn (+3.5%)
Non-Oil Exports ▲ +3.5%
Total: $111.9 Bn (+0.3% YoY)Non-Oil & Non-Gems: $90.4 Bn (+2.9%)
India's export outlook for April–June 2026: total merchandise exports flat (+0.3%) but non-oil exports growing at +3.5%. Growth driven by trade diversification, new deal tailwinds, and improved global demand. Rupee at record lows also helps exporters.
💬 RUPIE SPEAK: Non-oil exports growing at 3.5% is the bright spot. A weak rupee (₹95.80) makes Indian goods cheaper globally. Pharma, chemicals, auto parts, textiles — all get a natural tailwind. Export-oriented companies benefit quietly.
17TEXMACO RAIL — Wins Landmark ₹4,045 Cr ($430 Mn) Africa Order for Freight Wagons & Long-Term Maintenance 🔥
₹120.00 ▲ +13.69%
Mkt Cap ₹4,834 Cr52W H ₹18952W L ₹78.15Promoter 48.34%Volume: 18.9 Lakh
Letter of Award (LoA) worth ₹4,045 Cr (~$430 Mn) from Tsiko Africa Logistics + Barberry Holdings for freight wagons, locomotives, components, and long-term maintenance. Execution: 2027–28. This single order is 84% of the company's entire market cap.
💬 RUPIE SPEAK: STOCK OF THE DAY — no contest. An order worth 84% of your market cap is not just a win, it changes the company's future. Africa rolling stock export is a first-of-its-kind scale deal. This re-rates Texmaco from FY28 onwards. Still below ₹189 high — re-rating potential is very much alive.
18TATA POWER — Standalone Q4 PAT Fell 18% to ₹334 Cr; Full-Year Standalone PAT Down 64%
₹410.95 ▼ Standalone Weak
Standalone Q4 Revenue ₹3,125 Cr ▼ −49%Full Year Standalone PAT ₹1,124 Cr ▼ −64%
Tata Power's parent-entity standalone numbers are significantly weaker than consolidated: Q4 income fell 49% and full-year standalone PAT dropped 64% to ₹1,124 Cr. The strength is in its subsidiaries — renewables, distribution, and transmission — not the parent alone.
💬 RUPIE SPEAK: This is why you always read consolidated, not standalone. The subsidiaries are where Tata Power's real growth lives. Standalone weakness reflects project cycles, not structural deterioration. The consolidated record PAT story is the one that matters for investors.
19CIPLA — Q4 PAT Down 55% to ₹555 Cr on Impairment Charge; Stock Rises 3.7% as Annual Revenue Hits Record
₹1,340.70 ▲ +3.7%
52W HighFinal Dividend ₹13/shareRecord Date: 5 Jun 2026
| Metric |
Q4 FY26 |
Q4 FY25 |
Change |
| Net Profit |
₹555 Cr |
₹1,222 Cr |
▼ −54.6% |
| Revenue from Ops |
₹6,541 Cr |
₹6,730 Cr |
▼ −2.8% |
| EBITDA |
₹955 Cr |
₹1,538 Cr |
▼ −38% |
| Impairment Charge |
₹42 Cr (one-time) |
Adj. EBITDA: ₹997 Cr |
| FY26 Annual Revenue |
Highest Ever |
▲ Record |
💬 RUPIE SPEAK: The market did the right thing — look past the impairment, buy the record revenue and the ₹13 dividend. Cipla is the defensive play that works when IT is down and crude is up. The EBITDA margin recovery from 14.6% back toward 22% is the next re-rating story.
20ACE SOFTWARE EXPORTS — Completes Acquisition of Remaining 49.62% in QeLearn; Now Fully Owned EdTech Subsidiary
₹116.00 ▲ +2.34%
Mkt Cap ₹212 Cr52W H ₹302.2652W L ₹107.10Promoter 61.92%
Acquired remaining 49.62% of QeLearn (formerly Theia Education) for ₹8.90 Cr using Rights Issue proceeds. QeLearn is now a fully owned EdTech subsidiary offering AI-driven learning solutions. Diversification play from traditional software exports into EdTech.
💬 RUPIE SPEAK: Pivoting into AI-powered EdTech makes strategic sense. QeLearn is early-stage — revenue proof is still needed. Stock down massively from ₹302 highs. Track QeLearn's order wins before adding aggressively. High-risk, speculative play.
21SIYARAM RECYCLING — Wins ₹1.51 Cr CPVC Fittings Order from Supreme Industries; 7-Day Execution
₹39.00 ▲ +2.23%
Mkt Cap ₹85 Cr52W H ₹15752W L ₹31.95Promoter 51.11%
Secured ₹1.51 Cr order from Supreme Industries for CPVC fittings to be executed within 7 days. Supreme Industries is India's largest plastics company and an extremely demanding customer — their repeat orders signal genuine supplier quality.
💬 RUPIE SPEAK: Small order but important customer. Supreme Industries doesn't work with sloppy vendors. 7-day delivery cycle = you're in their live supply chain. Micro-cap, thin liquidity, massive fall from ₹157. Ultra-high risk — only for high-risk micro-cap traders.
22BERGER PAINTS — Q4 Consolidated Profit Jumps 28% to ₹335 Cr; Standalone PAT Surges 38% 🔥
₹518.20 ▲ +6.23%
Mkt Cap ₹60,422 Cr52W H ₹604.6052W L ₹391.50Promoter 74.98%
| Metric |
Q4 FY26 |
Q4 FY25 |
Change |
| Consol. Net Profit |
₹334.77 Cr |
₹262.05 Cr |
▲ +27.75% |
| Consol. Revenue |
₹2,889.74 Cr |
₹2,721.14 Cr |
▲ +6.20% |
| Standalone PAT |
₹327.28 Cr |
₹236.92 Cr |
▲ +38.14% |
| Full Year PAT |
₹1,095.66 Cr |
₹1,077.50 Cr |
▲ +1.69% |
💬 RUPIE SPEAK: BEST RESULT OF THE DAY. Clean 28% Q4 beat — no excuses, no one-time items. Berger is taking market share and showing pricing power. At ₹518 vs ₹604 high, re-rating toward ₹600 is very much on the cards. Premium home improvement stocks work in every market — this is a top pick.
23PURAVANKARA — Construction Arm Gets ₹57.80 Cr LoI for Westin Hotel Civil Works in Whitefield, Bengaluru
₹213.50 ▲ +0.90%
Mkt Cap ₹5,028 Cr52W H ₹338.5052W L ₹160.00Promoter 75.00%
Subsidiary SICL received a ₹57.80 Cr LoI from Innmar Tourism for civil and structural works on the Westin Hotel project near Kundalahalli Metro, Whitefield Bengaluru. Execution: 20 months. Winning a premium Marriott-brand hotel project is a strong construction credibility boost.
💬 RUPIE SPEAK: Westin is Marriott — serious quality bar for construction. SICL winning this validates its premium construction credentials. Puravankara at ₹213 is 37% below its high. Luxury Bengaluru exposure in a high-growth corridor. Long-term real estate hold.
24IIFL CAPITAL SERVICES — Incorporates GIFT City Subsidiary 'IIFL Capital (IFSC)' as Broker-Dealer
₹348.40 ▲ +0.69%
Mkt Cap ₹10,896 Cr52W H ₹411.1052W L ₹242.35Promoter 30.87%
Incorporated IIFL Capital (IFSC) at GIFT City, Gujarat on May 11, 2026 — authorised as a broker-dealer and distributor under IFSCA regulations. GIFT City is India's international finance gateway, and this entity allows IIFL to serve global institutions, FIIs, and NRIs through India's most favourable financial regulatory zone.
💬 RUPIE SPEAK: GIFT City is the future of India's global capital markets ambitions — and IIFL just got its licence there. This adds long-term optionality to an already solid financials franchise. Not priced in yet. Medium-term positive for patient investors.
25DESCO INFRATECH — Hits Upper Circuit; Wins L1 for ONGC's Critical Crude Pipeline from Trombay to Uran
₹236.30 ▲ +5% UC
Mkt Cap ₹181 Cr52W H ₹293.6552W L ₹122.00Promoter 58.31%
Emerged as L1 for an ONGC project to replace and strengthen the crude oil pipeline from ONGC Trombay Terminal to BPCL and HPCL refineries at Uran — a strategically critical piece of India's energy infrastructure. Win adds to Desco's pipeline construction credentials in oil & gas.
💬 RUPIE SPEAK: ONGC as a customer is the gold standard in oil & gas infra. Trombay-to-Uran is a live, critical pipeline — this is a high-visibility project. Upper circuit on thin volume (56,500 shares) — momentum is real but don't chase. Below ₹293 high — upside exists if execution is clean.
All 25 Stocks · Quick Reference
| # |
Company |
Price |
Move |
Key Story |
| 01 |
Tata Power |
₹410.95 |
▼ −1.78% |
Q4 PAT −4.5% · Record FY26 annual PAT ₹5,118 Cr |
| 02 |
Torrent Power |
— |
▼ Q4 −70% |
Gas-gen pressure · FY26 div ₹20/share |
| 03 |
Alfa Transformers |
₹49.19 |
▲ +1.97% |
₹8.15 Cr TPWODL contract |
| 04 |
Seshasayee Paper |
₹256.00 |
▲ +1.97% |
₹25 Cr capex for copier paper |
| 05 |
Larsen & Toubro |
₹3,878 |
▲ +0.55% |
LTSCT multi-year Synopsys AI deal |
| 06 |
Vibhor Steel Tubes |
₹130.60 |
▲ +4.06% |
₹1.80 Cr crash barrier + ₹16.87 Cr tower orders |
| 07 |
Crompton Greaves CE |
₹284.15 |
▲ +0.67% |
B22 Lamp Holder launch |
| 08 |
Tata Motors PV |
₹341.05 |
▲ +1.22% |
Altroz iCNG AMT — India's first CNG+auto hatchback |
| 09 |
Nitco |
₹103.25 |
▲ +5.06% |
₹66.65 Cr Prestige marble order · total ₹347 Cr |
| 10 |
Nephrocare Health |
₹597.00 |
▲ +4.05% |
Philippines dialysis centre acquired |
| 11 |
Standard Engg. Tech |
₹133.05 |
▲ +1.45% |
Standard Projects subsidiary — PEB focus |
| 12 |
Interarch Building |
₹2,058.60 |
▲ +1.58% |
₹102 Cr PEB order win |
| 13 |
Macro · Morgan Stanley |
89,000 target |
▲ Bullish |
Sensex 89,000 by June 2027 · OW Financials & Cons. Disc. |
| 14 |
Electronics Mart |
₹115.95 |
▲ +4.27% |
New Bajaj Electronics store in Pallakol AP |
| 15 |
RVNL |
₹287.95 |
▲ +1.64% |
L1 for ₹221 Cr SECR electronic interlocking project |
| 16 |
Macro · Exim Bank |
$111.9 Bn |
▲ Non-oil +3.5% |
Q1 FY27 export forecast |
| 17 |
Texmaco Rail 🔥 |
₹120.00 |
▲ +13.69% |
₹4,045 Cr Africa rolling stock LoA — 84% of mkt cap |
| 18 |
Tata Power (Standalone) |
₹410.95 |
▼ Weak |
Standalone PAT −64% FY26 · consol. story intact |
| 19 |
Cipla |
₹1,340.70 |
▲ +3.7% |
Q4 PAT −55% (impairment) · FY26 revenue record · div ₹13 |
| 20 |
Ace Software |
₹116.00 |
▲ +2.34% |
QeLearn 100% acquired — EdTech pivot |
| 21 |
Siyaram Recycling |
₹39.00 |
▲ +2.23% |
₹1.51 Cr CPVC order from Supreme Industries |
| 22 |
Berger Paints 🔥 |
₹518.20 |
▲ +6.23% |
Q4 consol. PAT +28% · standalone +38% · clean beat |
| 23 |
Puravankara |
₹213.50 |
▲ +0.90% |
₹57.80 Cr Westin Hotel LoI (Whitefield Bengaluru) |
| 24 |
IIFL Capital |
₹348.40 |
▲ +0.69% |
GIFT City subsidiary incorporated |
| 25 |
Desco Infratech |
₹236.30 |
▲ +5% UC |
L1 for ONGC Trombay–Uran pipeline project |
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Written & Published by Rupie Times D · Wednesday, 13 May 2026