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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Judiciary & Infrastructure SEPC Ltd: The Question the Madras High Court Hasn't Asked Yet A ₹154.63 crore attachment. A 'D' rating. A ₹521.46 crore contract gone. Three events, viewed separately, tell one story. Viewed together, they raise a question the Madras High Court has yet to confront: is SEPC (₹6.21) losing business because of commercial weakness—or because the execution process itself is steadily stripping away the credibility needed to win new contracts? The record before the Court reveals an uncomfortable sequence of events. In February 2026, the Madras High Court attached ₹154.63 crore of SEPC's trade receivables to enforce a decade-old foreign arbitral award. Within weeks, CRISIL and Infomerics downgraded the company's bank facilities to the 'D' category, with CRISIL expressly citing overdrawals and de...
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Today's Call
1. Get of Tata Motors Ltd (Rs.462.50) as the scrip could slip to Rs.456-450. However, if it sustains above Rs.463, you can again enter.

2. The correction in Indian markets, may not be too deep, as it looks now. Buy Vedanta Ltd at Rs.252.10, T:Rs.261, SL: Rs.248. Analysts at JP Morgan remain overweight on Hindalco and Vedanta even though the stocks have materially outperformed the broader indexes over the last 12 months as the underlying commodity environment remains supportive and should allow balance sheets to de-lever.

3. Buy Inox Wind Ltd at Rs.169.30-170, T: Rs.210, SL: Rs.162. In a roughly INR-10-billion (USD 149m/EUR 141m) deal Leap Green Energy Pvt Ltd is to acquire the downstream wind power business of India's Inox Group, the Economic Times (ET) said, citing informed sources. An announcement of the acquisition agreement is coming, the sources have said.
India-based Leap Green, majority-owned by JPMorgan Chase & Co (NYSE:JPM), has about 450 MW of wind power capacity, while Inox Renewables is an independent power producer (IPP) with nearly 300 MW of wind farms in Rajasthan and Maharashtra, according to the report.



Buy Inox Wind; target of Rs 298: HDFC Securities. HDFC Securities' research report on Inox Wind

Inox Wind (IWL) reported yet another weak quarter as execution got impacted due to demonetisation. 200MW of WTGs were manufactured but could not be commissioned, which led to miss in estimates for the quarter. With improvement in execution, the mgmt expects 4QFY17E to be a disproportionately strong quarter.

 Outlook
Our estimates factor in flattish volumes of 3.5GW/1GW for the industry/IWL. Still IWL would generate annual FCF of 5bn going ahead. Given a history of volatile quarterly performance we cut our target P/E multiple to 12x (earlier 15x) to arrive at Dec-18 TP of Rs 298/sh. Reiterate BUY.


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Rohitatwork said…
very informative post very helpul and explained in very easy language, really looking forward to more of your post
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