Basic Materials
Jindal Stainless Limited (JSL) Q1 FY27: Net Revenue Up 10.5% Yoy
Jindal Stainless Limited (JSL) reports Q1 FY27 results with a 10.5% YoY rise in net revenue to INR 11,279 crore.
Jindal Stainless Limited (JSL) today announced its financial results for the quarter ended June 30, 2026. The company reported a resilient operating and financial performance in Q1FY27, despite supply chain pressures due to ongoing geopolitical disruptions.
Financial Performance
The Q1FY27 net revenue stood at INR 11,279 crore, marking a 10.5% year-on-year (YoY) increase. EBITDA was reported at INR 1,329 crore, while Profit After Tax (PAT) rose to INR 769 crore, registering a YoY growth of 1.5% and 7.6%, respectively.
Operational Highlights
The company’s robust performance was underpinned by healthy demand across key end-use sectors including mobility, infrastructure, manufacturing, and consumer sectors. The automotive segment remained a strong growth driver while special-grade volumes also rose in Q1FY27.
Sustainability and Innovation
Jindal Stainless also focused on sustainability and innovation, reducing greenhouse gas emission intensity at the Hisar facility by 12% and implementing high-emissivity refractory coating at the Jajpur Cold Rolling Mill.
Commenting on the performance of the company, Managing Director, Jindal Stainless, Mr Abhyuday Jindal, said, “The first quarter of FY27 unfolded against an exceptionally dynamic operating environment, marked by supply chain disruptions, and evolving global trade conditions. Despite these challenges, our domestic business remained resilient, aided by our unrelenting focus on harnessing demand across key user segments and our enhanced offering of value-added products, while maintaining operational excellence and disciplined execution.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Jindal Stainless Limited
Jindal Stainless Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Jindal moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gains 7.8% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 6.5% and profits at 14.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Jindal Stainless Limited.
Basic Materials
Excel Industries Limited (excelindus) Achieves Silver Rating in Ecovadis Sustainability Assessment
Excel Industries Limited (EXCELINDUS) secures Silver Rating in EcoVadis Sustainability Assessment, placing among top 15% globally.
Excel Industries Limited (EXCELINDUS) has been awarded the Silver Rating in the EcoVadis Sustainability assessment, placing the company among the top 15% of businesses globally. This recognition highlights the strength of Excel’s sustainability management framework and the depth of evidence supporting its disclosures.
Sustainability Management Systems
The Silver rating recognises measurable progress across four areas: stronger sustainability management systems, deeper value chain engagement, improved environmental performance, and greater transparency in reporting. This achievement reflects the collective efforts of the Company’s employees and the continued integration of sustainability into its business practices.
Commitment to People, Planet, and Progress
Sustainability sits at the core of Excel’s operating philosophy, captured in its guiding principle of People, Planet and Progress and is embedded across its manufacturing sites, product development, and supply chain decisions. As we seek to expand our global footprint and our contract manufacturing presence, this rating will help establish us as a reliable supplier committed to sustainability, said Mr. Ravi A. Shroff, Managing Director, Excel Industries Limited.
Future Prospects
This achievement is expected to help in strengthening relations with existing customers and forging new relationships as the company seeks to expand its global footprint and presence in performance solutions and contract manufacturing.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Excel Industries Limited
Excel Industries Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Excel posts a 3.6% three-month gain, but softens in the last few weeks. Thin margins at 6.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue contracts at 0.1% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 2.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 0.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Excel Industries Limited.
Basic Materials
S H Kelkar and Company Limited (SHK) Mourns the Loss of Chairman Mr. Ramesh Vinayak Vaze
S H Kelkar and Company Limited (SHK) announces the passing of its Chairman, Mr. Ramesh Vinayak Vaze, who played a pivotal role in shaping SHK into India’s le.
S H Kelkar and Company Limited (SHK), the largest Indian origin Fragrance and Flavour Company in India, today announced with profound sadness the passing of its Chairman, Mr. Ramesh Vinayak Vaze, at the age of 85. Mr. Ramesh Vaze’s association with SHK spanned more than six decades. He joined the family business in 1961 and played an instrumental role in shaping its evolution from an Indian fragrance house into India’s largest India-origin fragrance and flavour company, with a significant presence across international markets.
A Pillar of the Industry
Over the years, Mr. Vaze served the Company in several leadership capacities, including as Managing Director. Since 2019, he has served as Non-Executive Chairman of the Board, continuing to guide the Company and mentor its leadership team. His emphasis on quality, innovation, and nurturing talent played an important role in shaping SHK into the institution it is today.
Visionary in Perfumery
A Master Perfumer with an exceptional understanding of fragrances, customers, and markets, Mr. Ramesh Vaze devoted much of his professional life to advancing the art and science of perfumery in India. His deep knowledge of the industry and instinctive understanding of consumer preferences played an important role in expanding SHK’s fragrance capabilities and building enduring relationships with customers in India and overseas.
As a result, SHK continues to uphold the values, humility, and legacy left behind by Mr. Vaze, guiding the company in the years ahead.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of S H Kelkar and Company Limited
S H Kelkar and Company Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
S posts a 10.3% three-month gain, but softens in the last few weeks. The PEG stands at 5.26 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gives back 17.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 12.0% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of S H Kelkar and Company Limited.
Basic Materials
Solar Industries India Limited (solarinds) Expands Global Footprint with Acquisition of South Africa’s Omnia
Solar Industries India Limited (NSE: SOLARINDS) announces acquisition of South Africa’s Omnia for ₹12,951 crores, expanding global footprint.
Solar Industries India Limited (NSE: SOLARINDS) announced today the signing of definitive agreements for the acquisition of South Africa’s Omnia Holdings Limited for approximately ₹12,951 crores. This strategic move marks a significant expansion of Solar Group’s global footprint. The acquisition, proposed by Solar SA Investments Proprietary Limited, a wholly owned subsidiary of Solar Industries India Limited, will see the acquisition of all outstanding shares of Omnia in an all-cash transaction.
Strategic Rationale
The acquisition is expected to create a global platform for commercial explosives and blasting solutions. Solar Group has built a strong position in the global explosives industry through innovation, reliability, manufacturing excellence, and customer-centric solutions. The transaction marks a transformational milestone in Solar Group’s ambition to become a leading global explosives and mining solutions provider.
Enhanced Capabilities and Market Reach
Omnia’s mining business, operating under the BME brand, brings significant expertise in open-cast mining, bulk explosives, electronic detonation systems, digital blasting solutions, and mining chemicals. Omnia’s agriculture segment provides a platform that promotes sustainable agriculture and food security through a customer-centric approach. The acquisition is expected to drive commercial growth and operational efficiencies through technology innovation, broader customer coverage, enhanced supply chain resilience, and greater product and service integration.
Future Growth Prospects
The transaction is anticipated to become increasingly visible from FY2028, significantly boosting Solar Group’s revenue attributable to Africa’s mining market. The expanded footprint, strengthened industrial base, and broader customer access are expected to create significant value for shareholders, customers, employees, and all stakeholders.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Solar Industries India Limited
Solar Industries India Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Solar gains 30.0% over three months and trades near its 52-week highs. The PEG reaches 3.35. The stock trades on brand and index weight, not on growth. Revenue grows at 12.4% and profits at 30.4% CAGR. The market consistently rewards this kind of compounding. RSI hits 75, a level that signals the stock runs hot. Notably, buyers drove volume on 16 recent sessions — though at these levels, some profit-taking is normal. The business grows revenue at 12.4% and profits at 30.4%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 3.35 premium is usually justified. Check Fundamentals of Solar Industries India Limited.
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