📊 Portfolio Update: April'2026 (Mainboard 18%, SME 82%) - 1️⃣ Oriana Power - 25.50% 2️⃣ Quality Power - 16.80% 3️⃣ GSM Foils - 12.35% 4️⃣ Felix Industries - 8.80% 5️⃣ Viviana Power - 8.75% - 6. Aimtron Electronics- 6.35% 7. Cosmic CRF - 6.20% 8. Akiko Global - 5.00% 9. Kalyani Cast Tech- 2.30% - 10. Sugs Lloyd - 1.90% 11. Sunita Tools - 1.90% 12. Parth Electricals- 1.85% 13. E2E - 1.30% 14. Rajesh Power - 1.30% - ➕Added more Aimtron post results. Will buy more if the stock price falls below ₹1100 level. The growth projection, sector tailwind, below 1 PEG valuation make it attractive at that level. ➕Added E2E for long term holding. Valuation seems good. Not so expensive on forward EV/EBITDA basis. - ⚠️Disclaimer: Please don't buy or sell shares based on my portfolio stocks. Please do your due diligence before investing.

Under the Great Nicobar Islands development projects, India has plans to invest Rs 13,000 crore to build an airport and runway for use by both the Indian Navy and civilians. The project is expected to be completed in five years, and the budget will be shared by both the Defence Ministry and the Ministry of Civil Aviation: Defence Ministry Sources

Look at this beauty of Indian Railways! One double-stack container train can replace around 200 trucks on the road. Cheaper, cleaner, and far more efficient.

#SME #Felix #FelixIndustries Felix Industries Q4 & FY26 Earnings Call Highlights 👉 FY27 & Future Outlook: ▫️ Consolidated revenue guidance for FY27 maintained at ~180-200 Cr (standalone subsidiaries including Oman, WMC, Rivita, metal recycling & others) 💠Driven by full utilization of existing capacities, new recurring contracts and ramp-up across verticals. 💠 Oil processing (Oman India) expected at 60-70 Cr this year with current 40 TPD capacity at near 100% utilization in next 3-6 months; longer-term target 100 TPD via incremental expansions as feedstock improves. 💠 Metal recycling to contribute 40-50 Cr in FY27, scaling to 100-125 Cr with 20-25 Cr additional capex; acid reclamation and plastic recycling to add further momentum. 💠 EBITDA margins stable at 30-31% (including other income) 💠PAT margins 17-20%. 💠Q4 margin dip (to ~12% PAT) attributed to manpower expansion, project overheads (CETP) and higher interest on working capital utilization — not a structural shift 💠Oil ramp-up, utilization & revenue math (40 TPD → 60-70 Cr FY27, then 100 TPD) 💠Metal recycling scale, margins (15-20% EBITDA, 12-14% PAT) & expansion capex 💠 Recurring revenue (O&M, BOO, BOOT) mix to rise sharply 💠EPC to shrink proportionally over next few years as projects convert to long-term annuity models. 💠 Oman normalization post geo-political slowdown; Middle East (Saudi/UAE refineries) discussions ongoing but focus remains on maximizing current facilities first. 💠 Medium-term (FY28-FY30) aspirational trajectory: next “landmark” year post-FY27 growth 👉 Current Order Book / Projects and Future Pipeline: ▫️ Visibility from secured long-duration BOO/BOOT/O&M contracts (up to 10 years) across industrial, food, steel, oil & gas sectors. 💠 Oil processing: existing orders already ensure 100% utilization of 40 TPD in FY27; additional sizable contracts expected to trigger capacity addition toward 100 TPD target. 💠 Metal recycling: unit acquired, retrofits complete by month-end; commercial operations from next month; 4 TPD processing capacity for zinc/copper sulphate (magnesium also possible); one PO-stage order of ~15 Cr 15-20 Cr under discussion. 💠 CETP project (common effluent treatment plant with equity stake): ~70% complete, balance 20 Cr EPC revenue in FY27; O&M to start post-September at ~1 Cr/month (~12 Cr annualized). 💠 Plastic recycling & water verticals: current Gujarat facilities fully loaded with feedstock; focus on debottlenecking and utilization before new geographies. 💠 Pipeline: multiple under-discussion orders (water, waste oil, metal); Rivita Solutions approvals now in place for water recycle projects; acid reclamation MOUs advancing; more than enough demand but selective intake to protect execution quality. 💠 International: Oman operations back on track with orders in hand; incremental Middle East opportunities being evaluated only after current facilities hit peak performance. 👉 Other Notable Points: ▫️ Balance sheet insights: 💠Debt-equity comfortable; working capital cycle optimization targeted in FY27 via better subsidiary alignment, LC-backed corporate orders and mobilization advances (government projects remain 90-120 days). 💠Current bank debt ~21 Cr (India) expected to rise to 35-40 Cr 20-25 Cr in Oman for growth — total addition ~40 Cr, fully serviceable via operating cash flows. 💠 Promoter pledge to be reduced progressively; authorized capital increased to 40 Cr as preparatory step for mainboard migration (no equity raise planned). 💠 Business Model Shift: Continued emphasis on converting EPC → BOO/BOOT/O&M for recurring, high-visibility cash flows and optimized working capital. Zero Liquid Discharge (ZLD), circular economy and resource recovery remain core. ▫️ ESG & Capacity Snapshot: 💠17 MLD wastewater, 40 TPD waste oil (target 100 TPD), 50 TPD hazardous waste, 100 projects delivered; operations in India & Oman; subsidiaries driving metal recycling, oil & gas tech, acid reclamation. ▫️Migration to NSE Mainboard: Targeted in next 5-6 months; enhancing visibility, liquidity and institutional participation. ▫️Manpower & Risks: 💠Headcount scaling with fresh engineers and vertical-specific teams; skilled manpower remains industry-wide challenge but not a current bottleneck. 💠No major risks flagged; liquidity and geo-political normalization being actively managed.

8,000 tonnes. That's India's total green hydrogen production right now. Target is 5 million tonnes by 2030. We're 0.16% of the way there with 4 years left. Every project review I've sat in, there's a moment where someone puts the real numbers on a whiteboard and the room goes quiet. Green hydrogen is at that moment nationally. The ambition is right. The math is terrifying.

Containers being dispatched from new factory in Gujarat