kolkata
Joined September 2023
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SECTOR RESEARCH ๐ retweeted
E2E Networks: The W breakout was powerful. ๐
But now comes the real test.
After a rally from the โน200 zone to nearly โน760, price is back around โน530 - testing whether the breakout can hold.
A successful retest could set the stage for another move.
A breakdown would tell a different story.
Breakout is one thing. Holding the breakout is what matters.
Watching the weekly close. ๐
SECTOR RESEARCH ๐ retweeted
Thanks, Ambani sirโ10 years of free recharge, courtesy of your IPO.
#JPL
10 YEARS RECHARGE FREE. SCHEME โ
๐๐ฅ๐ฅ
Jio IPO
Chances of allotment ๐ค
- BHNI : 1 / 2.73
- SHNI : 1 / 8.86
- Retail : 1 / 1.42
- Shareholder Quota : -2 lot confirmed
Gmp 22% now
SECTOR RESEARCH ๐ retweeted
E2E Networks Hits Lower Circuit Despite Strong Q2FY27 Results! | Why Is the Stock Falling?
SECTOR RESEARCH ๐ retweeted
Last year, when E2E Networks was loss-making and didnโt even have a meaningful PE multiple, hardly anyone seemed concerned about valuation.
Now, profitability is growing exponentially and the PE multiple is compressing, yet suddenly everyone is shouting, โHigher PE, Higher PE!โ
The irony of the market is fascinating. People often ignore the business when itโs struggling and start questioning valuations just when the business begins to deliver!
SECTOR RESEARCH ๐ retweeted
E2E Networks at LC despite of superb results.
Margins sustained, improved!
Topline growth fantastic!
Concall was great!
Management tone confident!
E2e not given guidance in past any concall yet stock become 3x in past 6 months! Nothing problematic or business slowdown I see as of now.
Disc- unbiased view. DYOR.
SECTOR RESEARCH ๐ retweeted
Good Q2FY27 results and tracking
Bajaj Consumer Care - FMCG could be a comeback theme
Solara Activ Pharma
Bajaj Health Care
E2E Network
Ujjivan SFB
SG Finserv
Polycab - copper price impacted PAT margin
SECTOR RESEARCH ๐ retweeted
gpu rental rates for #e2enetworks continue to go upfor new models and legacy gpu. all gpu prices are up 5-15%
q3 has a fantastic start. with 1024 b200 going live this month, it will add 2 months of full revenue to q3.
This alone will add 98 cr to the topline. plus the rental rates going up will add another 30 cr. so q3 will be a bare minimum 300 cr.
q1 pat margin 28%
q2 pat margin 33%
q3 pat margin at 33% will be 100 cr.
so co is available at FY28 forward PE of just 35 assuming 400 cr min PAT. This ofcourse will go up as new B200 and other GPU's come live.
SECTOR RESEARCH ๐ retweeted
๐๐ฎ๐ ๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ๐ | ๐ค๐ฎ ๐๐ฌ๐ฎ๐ณ - ๐๐ฒ๐๐ผ๐ป๐ฑ ๐๐ต๐ฒ ๐ก๐๐บ๐ฏ๐ฒ๐ฟ๐
The numbers are good. But the bigger question is:
๐๐ ๐๐ฎ๐ ๐ฏ๐๐ถ๐น๐ฑ๐ถ๐ป๐ด ๐ฎ ๐๐ฃ๐จ ๐ฟ๐ฒ๐ป๐๐ฎ๐น ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐ผ๐ฟ ๐ฎ ๐น๐ผ๐ป๐ด-๐๐ฒ๐ฟ๐บ ๐๐ ๐ฝ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ?
A few interesting connections from the earnings call.
๐ญ. ๐ฆ๐ฎ๐บ๐ฒ ๐๐ฃ๐จ๐. ๐๐ถ๐ณ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ ๐ฅ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐ค๐๐ฎ๐น๐ถ๐๐.
- The nearly ๐ฅ๐ ๐ญ,๐ฌ๐ฌ๐ฌ ๐๐ฟ sovereign AI deal runs until ๐๐๐ป๐ฒ ๐ฎ๐ฌ๐ฎ๐ต.
- Interesting part? This isn't entirely new capacity. ๐๐
๐ถ๐๐๐ถ๐ป๐ด ๐๐ฎ๐ฌ๐ฌ ๐๐ฃ๐จ๐ moved from pay as you go to a multi-year contract.
๐ฆ๐ฎ๐บ๐ฒ ๐ฎ๐๐๐ฒ๐๐ โ ๐๐ฒ๐๐๐ฒ๐ฟ ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐๐ถ๐๐ถ๐ฏ๐ถ๐น๐ถ๐๐.
- But how much of this contract is already reflected in quarterly revenue? Management hasn't quantified it.
๐ฎ. ๐ง๐ต๐ฒ ๐ก๐ฒ๐
๐ ๐๐ฟ๐ผ๐๐๐ต ๐๐ฒ๐ด ๐๐ ๐๐ฎ๐ฝ๐ฎ๐ฐ๐ถ๐๐.
- Another ๐ญ,๐ฌ๐ฎ๐ฐ ๐๐ฎ๐ฌ๐ฌ ๐๐ฃ๐จ๐ expected to go live in Q3 FY27.
- Existing capacity is driving current earnings. The next batch offers ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐บ๐ฒ๐ป๐๐ฎ๐น ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐ฝ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น.
- But deployment alone doesn't create profits.
๐๐ฒ๐ฝ๐น๐ผ๐๐บ๐ฒ๐ป๐ โ ๐จ๐๐ถ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป โ ๐ฅ๐ฒ๐ฎ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป โ ๐๐ฎ๐๐ต ๐ฅ๐ฒ๐ฐ๐ผ๐๐ฒ๐ฟ๐.
- That's the sequence to track.
๐ฏ. ๐ง๐ต๐ฒ ๐ฅ๐ฒ๐ฎ๐น ๐๐บ๐ฏ๐ถ๐๐ถ๐ผ๐ป ๐๐๐ป'๐ ๐ฆ๐ฒ๐น๐น๐ถ๐ป๐ด ๐ ๐ผ๐ฟ๐ฒ ๐๐ฃ๐จ ๐๐ผ๐๐ฟ๐.
- Management is investing in ๐ง๐ถ๐ฟ + ๐๐ฎ๐ฟ๐๐ถ๐, building software layers for AI training, inference and agentic workloads.
- Even some GPU capacity is being reserved for internal product development.
Why does this matter?
- ๐๐ฃ๐จ ๐ฟ๐ฒ๐ป๐๐ฎ๐น ๐ฒ๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ depend heavily on hardware utilisation and pricing.
- ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ๐ could eventually depend more on customer adoption, software differentiation and retention.
- But independent platform monetisation is ๐ป๐ผ๐ ๐๐ฒ๐ ๐ฝ๐ฟ๐ผ๐๐ฒ๐ป.
๐ฐ. ๐ง๐ต๐ฒ ๐ณ๐ฒ.๐ฒ% ๐ ๐ฎ๐ฟ๐ด๐ถ๐ป ๐ก๐ฒ๐ฒ๐ฑ๐ ๐๐ผ๐ป๐๐ฒ๐
๐.
- Management expects ๐ณ๐ฌ%+ ๐๐๐๐ง๐๐ ๐บ๐ฎ๐ฟ๐ด๐ถ๐ป๐ over the medium term.
- Yet Q2 EBITDA of ๐ฅ๐ ๐ญ๐ณ๐ญ.๐ฑ ๐๐ฟ translated into PAT of ๐ฅ๐ ๐ณ๐ฎ.๐ณ ๐๐ฟ.
- Why the gap matters: GPUs are expensive, depreciating assets. Financing and recurring hardware investment also affect shareholder returns.
๐๐ถ๐ด๐ต ๐๐๐๐ง๐๐ โ ๐๐ถ๐ด๐ต ๐๐ฟ๐ฒ๐ฒ ๐๐ฎ๐๐ต ๐๐น๐ผ๐.
๐ฑ. ๐ง๐ต๐ฒ ๐ ๐ถ๐๐๐ถ๐ป๐ด ๐ฃ๐ถ๐ฒ๐ฐ๐ฒ ๐๐ ๐ฉ๐ถ๐๐ถ๐ฏ๐ถ๐น๐ถ๐๐.
- Management hasn't provided:
โข ๐๐ผ๐ฟ๐๐ฎ๐ฟ๐ฑ ๐ ๐ฅ๐ฅ targets.
โข ๐๐ผ๐ป๐๐ฟ๐ฎ๐ฐ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ share.
โข ๐๐ป๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ฐ๐ฒ ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ contribution.
โข ๐๐ฌ๐ฎ๐ดโ๐ฎ๐ต ๐๐ฃ๐จ ๐ฒ๐
๐ฝ๐ฎ๐ป๐๐ถ๐ผ๐ป roadmap.
So while historical execution is impressive, ๐ณ๐๐๐๐ฟ๐ฒ ๐ฐ๐ฎ๐๐ต-๐ณ๐น๐ผ๐ ๐๐ถ๐๐ถ๐ฏ๐ถ๐น๐ถ๐๐ remains harder to establish, like previous quarters.
E2E potentially has ๐๐๐ผ ๐-๐๐๐ฟ๐๐ฒ๐.
๐๐ถ๐ฟ๐๐: ๐๐ป๐ณ๐ฟ๐ฎ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ ๐-๐๐๐ฟ๐๐ฒ - Already visible in revenue growth and operating leverage as GPU capacity gets monetised.
๐ฆ๐ฒ๐ฐ๐ผ๐ป๐ฑ: ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ ๐-๐๐๐ฟ๐๐ฒ - Still developing. Tir and Jarvis must prove that software adoption can create durable economics beyond renting hardware.
Lets Keeping Tracking
No Buy/Sell Recommendation
#StocksInFocus #StocksToWatch #E2E
SECTOR RESEARCH ๐ retweeted
Some companies worth studying ๐
E2E Networks
Solara Active Pharma
Himadri Speciality Chemical
Worth adding to your watchlist for further research. ๐
SECTOR RESEARCH ๐ retweeted
E2E Networks Q2FY27 Concall - Takeaways
๐ถ๏ธ GPU Deployment & Capex
โข The next batch of B200 GPUs is expected to go live in Q3 FY27
โข GPU order-to-deployment timelines typically range from 3-6 months
๐ฃ "We do not like give a speculative CapEx guidance"
๐ถ๏ธ Business Strategy & AI Platforms
Summary
โข E2E is investing in its sovereign AI platforms, EVE and Jarvis
โข The goal is to evolve beyond GPU infrastructure into a full-stack AI technology provider
โข New inference products, including Blaze, Endpoint and Jarvis Labs, were in the soft-release stage
๐ฃ "These platforms is the key to our future growth"
๐ถ๏ธ Competition & Market Opportunity
Summary
โข Management views AI infrastructure as a large global opportunity, rather than focusing only on the Indian market
๐ฃ "We are looking at like us as a global player operating in a global market"
๐ถ๏ธ Guidance
โข No specific revenue, monthly recurring revenue (MRR), utilisation or future Capex guidance was provided
๐ฃ "We always say that like look back at what we have done rather than giving a future guidance"
๐ถ๏ธ Margins & Pricing
โข Q2 EBITDA margin reached 76.6%; gross margin was discussed at approximately 88%
๐ฃ "Overall, like, we are looking at this as a 70% to, like, 70% plus kind of like an EBITDA margin business"
No reco. Only for educational purposes.
SECTOR RESEARCH ๐ retweeted
E2E Networks
#E2ENetworks
#E2E
E2E Networks never gave guidance, this isn't the first time
They never give revenue, EBITDA, PBT and PAT guidance
Not Even after the blockbuster Q1FY27
Not in today's concall too
Not the first time they have done that
Donno y social media is so disappointed with today's concall๐คฃ๐คฃ
Stock meanwhile moved from 230 to 730 from April till date without any "concall guidance"๐คฃ
Jio Platforms files for biggest IPO of India today
Dates : 21 October - 23 October
IPO Size: 30,187.60 Crore โน (100% Fresh Issue)
Price Band : 1,065 โน - 1,119 โน per share
Retail Lot : 12 Share Application Amount : 13,428 โน Number of Applications : 70,86,443
Small HNI Lot : 180 Share Application Amount : 2,01,420 Number of Applications : 67,489
BIG HNI Lot : 900 Shares Application Amount : 10,07,100 Number of Applications : 1,34,979
Eligible Shareholders lot : 168 Shares Application Amount : 1,87,992 Number of Applications : 18,61,781
SME Companies: Revenue Growth Guidance ๐
๐น Aimtron Electronics: โน450โ500 Cr revenue target for FY27; โน900โ1,000 Cr in 3 years (40โ50% CAGR).
๐น Influx Healthtech: โน300 Cr revenue target for FY27; โน500 Cr+ long-term capacity potential.
๐น Anondita Medicare: โน250 Cr revenue target for FY27; โน400โ500 Cr in 2โ3 years.
๐น Afcom Holdings: Management indicated a minimum doubling of revenue in FY27, implying โน1,175 Cr+ against FY26 revenue of โน587.72 Cr, supported by fleet expansion.
๐น Neetu Yoshi: โน210โ220 Cr revenue guidance for FY27; PAT margin guidance of 25%.
๐น Sacheerome Ltd: โน200 Cr revenue guidance for FY27, โน250 Cr for FY28 and โน300 Cr for FY29, despite 4x capacity expansion.
๐น Yash Highvoltage: โน360โ400 Cr revenue target for FY27; management expects 40โ42% CAGR over the next 4โ5 years.
๐น Prizor Viztech: Targeting volume expansion from 7โ8 lakh to 1 crore units.
๐น Namo eWaste: 45โ50% revenue CAGR target over the next 2โ3 years.
๐น Osel Devices: โน300โ310 Cr revenue target for FY26, implying 61โ67% YoY growth.
๐น Unihealth Hospitals: โน250 Cr+ revenue target for FY27; targeting 1,000 beds by FY27โ28.
๐น Techera Engineering: 25โ30% YoY revenue growth guidance.
๐น ABS Marine: โน350 Cr+ order book supporting future revenue visibility.
๐น Danish Power: โน700 Cr+ revenue guidance for FY27; targeting 19% EBITDA margin.
๐น Monolithisch India: โน500โ550 Cr revenue target for FY28.
๐น Sahasra Electronic Solutions: โน275โ300 Cr near-term revenue target with 15% PAT margin; targeting โน600 Cr+ revenue by FY29.
๐น Effwa Infra & Research: 35โ40% revenue CAGR guidance for the next 3โ4 years.
๐น Vinyas Innovative: 30โ35% revenue CAGR guidance over the next 3โ4 years.
๐น Hoac Foods India: 75โ80% revenue growth expected in FY27.
๐น Airfloa Rail Technology: 50%+ revenue growth guidance for the next 2 years.
๐น Supreme Power Equipment: 50%+ revenue growth guidance for the next 2 years.
After ESDS Softwareโs blockbuster listing, another Data Centre #IPO is on the radar!
Sify Infinit Spaces Ltd. ๐
๐น Data Centre Infrastructure
๐น Cloud Services
๐น Enterprise Connectivity
A potential #AI play on India's growing #DataCentre and digital infrastructure demand ๐
One interesting detail from CP PLUSโs latest earnings call.
CP PLUS has formed a 50:50 JV with #OrientCables called Corelink Cable Technology.
What will they make?
Network LAN cables + CCTV coaxial cables for CP PLUS.
The planned Rajasthan facility is ~1 lakh sq. ft. and is expected to start commercial production by the end of FY27.
And management said this cable business could be at least 5% of CP PLUSโs revenue as an attached business.
So Orient Cables isnโt just a cable company here. It is becoming a part of CP PLUS backward-integration story. ๐
IPOs Listing Tommorow ๐๐๐ฅ
Acevector
German green steel and power
Runwal Enterprises
Orient cables
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