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Brose India’s Pune factory lost ₹24 Cr in FY24. Its engineers paid the bill. 🧵
→ 37% of revenue is engineering work for Germany, billed at exactly cost + 15%
→ Electric motor sales jumped 72% to ₹139 Cr
→ Profit swung from a ₹4.2 Cr loss to ₹27.4 Cr
→ A new ₹6 Cr royalty now flows to the parent
Full breakdown 👇
datafin.in/blog/brose-india-…
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Aditya Precitech makes loitering munitions with Israel's UVision, and just raised ₹147 Cr at ₹510/share ahead of its IPO.
We read the fine print:
🔸 Revenue tripled to ₹373 Cr, but ₹30 Cr of the ₹66 Cr profit is one-off
🔸 A ₹478 Cr IAF order signed in 2021: nothing delivered yet
🔸 The ₹510 price assumes FY27 revenue jumps 2.7x 🔸 Israeli partners own 49% of both growth engines
Full deep dive 👇 datafin.in/blog/aditya-preci…
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Anthropic IPO is coming!
2021: $845M valuation
May 2026: $965B valuation
That's 1,000x+ in 5 years. The story of Anthropic's pre-IPO run, and why not every pre-IPO company turns out like this.
IPO prep: Nasdaq, ticker ANT (date not confirmed)
[youtube.com/shorts/PJLqyi1z-…]
Information only, not investment advice.
#Anthropic #PreIPO #UnlistedShares
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Accord builds the GPS that guides India's defence systems.
It can't locate its own cash. 🛰️
→ ₹139 Cr profit, 3x in one year
→ −₹78 Cr operating cash flow
→ ₹456 Cr owed by customers, almost a full year of sales
→ An audit disclaimer on the FY26 accounts
The business is genuinely strong. Own technology, 72% gross margins, made-in-India NavIC chips and DRDO as a customer.
But the money is stuck. One DRDO order shipped in March 2023 still hasn't been fully paid. The growth is being funded by ₹360 Cr of bank loans, personally guaranteed by the founders.
So is FY26 a breakout, or just a very large IOU?
The full Datafin deep dive covers the business model, the receivables, the red flags and the valuation 👇
datafin.in/blog/accord-the-g…
China just locked the solar “recipe” ☀️🔒
Here’s what it means for India 👇
1️⃣ China proposed curbs on 12 solar technologies on Oct 16, 2026: perovskite, ultra-thin wafer and polysilicon tech banned.
2️⃣ TOPCon, HJT and XBC tech need licences. Finished goods still sell; China is locking the know-how and machines.
3️⃣ India makes ~262 GW of panels but only ~37 GW of cells; most new cell lines rely on Chinese machines and engineers.
4️⃣ Running plants face slower servicing, but new cell factories may be delayed, and the 2028 wafer goal just got harder.
5️⃣ A longer cell shortage may lift prices ~20%, aiding firms already making cells; India must mix suppliers and boost R&D.
Context, not investment advice.
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