My Journey

  If you haven’t read my last post about BLS International Services read it here , go check it out first. Because what came next? Even more growth. BLS: The Growth Engine That Won’t Slow Down Back then, I talked about how BLS had delivered a 150% return. Since then, the company has kept compounding , reporting another stellar quarter . Let’s cut to the chase: Q4 FY25 Revenue: ₹692 crore (↑54% YoY) EBITDA: ₹198 crore (↑88% YoY) PAT: ₹145 crore (↑69% YoY) And that’s not even the full picture. In just 9 months of FY25, BLS has already surpassed its entire FY24 EBITDA and profit . Riding the Global Travel Wave Why is this happening? Travel is booming. Post-COVID wanderlust is real, and visa processing demand has surged. BLS is positioned right at the heart of this trend. From Spain to Canada, Poland to Italy, the company keeps winning new contracts and expanding its global footprint. This isn’t just growth. This is systematic market ca...

In stock markets, the real edge lies not in chasing trends, but in identifying them before they become obvious. Bharat Electronics Limited (BEL), a state-owned defence electronics giant, is a shining example of this principle. From being a quiet mover around ₹33 in 2016–17 to becoming a ₹355 stock in 2025, BEL has delivered over 10x returns — not by hype, but by conviction. What makes this journey even more remarkable? The stock was identified well before the broader defence theme came into focus post-COVID and before the government’s big budget push for defence indigenization. 2016–17: The Phase of Silent Accumulation In 2016–17, when most investors were chasing momentum stocks, BEL was quietly trading in a range of ₹31–₹42 — consolidating after a sharp rally from ₹23. Technical analysis revealed: A strong 5-year base between ₹13–₹23 (2009–2014) Breakout from ₹23 in late 2014 and rally to ₹42 in early 2015 Sideways consolidation from 2015 to 2016 — a sign of inst...

In the world of investing, some stories start with great promise and deliver well, while others begin with equal potential but gradually unravel — not due to poor financials at first, but due to subtle signs that become impossible to ignore. Avantel Ltd was one such journey for us. THE ENTRY: IDENTIFYING A GEM (JULY 2021) We first entered Avantel in July 2021 at an average price of ₹684 per share , drawn by a combination of strong fundamentals, an expanding defense and space tech portfolio, and government tailwinds via “Make in India” and defence modernisation. The company was focused on satellite communication systems, RF subsystems, and critical communication hardware used by DRDO, ISRO, and the Indian Navy. From a financial standpoint, Avantel looked solid: Debt-to-equity : 0.00 — a debt-free status indicating financial prudence. Net profit margin (FY21): ~17.9% Return on capital employed (ROCE) : 51.75% Operating profit margin : ~26...