The SOIC Podcast

Send us Fan Mail In this SOIC Podcast, Digant Haria (Co-Founder, GreenEdge Wealth Services LLP) breaks down the NBFC and Banking cycle and explains how investors can prepare for the next upcycle . You will learn: How to understand good vs. weak cycles in financial services A framework to analyze NBFCs and Banks across 7 sub-segments Insights from 40–45 leading companies in the sector How to pre-po...

Send us Fan Mail In this SOIC Podcast, Prabhakar Kudva (Samvitti Capital) shares insights from 17+ years of investing experience. We discuss how markets move through bull, bear, and sideways phases, why sideways markets are becoming more common, and what patterns emerge during corrections. You’ll learn the biggest mistakes investors make, how to avoid them, and practical ways to thrive in correcti...

Send us Fan Mail Welcome to SOIC Business Analysis. In today’s episode, we break down one of the most important moves by the Indian government — the recent GST cuts. We’ll understand why GST rates were reduced, what it means for the economy, and which sectors are the biggest beneficiaries. From autos and banks to consumer goods, dairy, travel, apparel, footwear, consumer durables, and cement — we’...

Send us Fan Mail In this episode of SOIC, we simplify the powerful SOTP (Sum of the Parts) valuation framework , a method to value complex businesses with multiple segments. Using easy analogies like the cake example and real-world case studies, you’ll learn how to apply Conglomerate Discount and Holding Company Discount , and see step by step how Edelweiss can be valued by breaking down its 7 bus...

Send us Fan Mail In this episode of SOIC, we explore how retail investors can check if company management is truly walking the talk . Using a simple AI prompt, we share real case studies of Hikal, JK Lakshmi Cement, TD Power Systems, and Mayur Uniquoters. This framework will help you create a management report card before investing and make smarter stock market decisions.

Send us Fan Mail Wondering how India’s markets and industries are performing? In this episode, we decode Q1 FY26 results like never before — from the broader indices to sector standouts like banking, pharma, healthcare, IT, defence, and transmission. Discover companies delivering 50%+ PAT growth, key macro triggers, RBI’s policy shifts, and the next big themes to watch. Perfect for investors who w...

Send us Fan Mail In this episode, you’ll learn about 7 powerful themes driving India’s growth – pharma distribution, premium SUVs, solar pumps, premium alcohol, gold finance, power transmission, and next-gen manufacturing. From every theme, within each theme, we discuss companies that are scaling fast and positioned for strong growth in the coming years — along with the key triggers and opportunit...

Send us Fan Mail Ever wondered which CDMOs are driving growth—and where the hidden risks are? In this episode, we unpack the Q1 FY26 results of leading players, including Ami Organics, Laurus Labs, Neuland Laboratories, Jubilant Pharmova, Piramal Pharma, Syngene International, Hikal Ltd, Blue Jet Healthcare, and Aarti Pharmalabs. From capex moves and margin trends to valuation caution and IPO red...

Send us Fan Mail In this episode, we break down the current state of India’s NBFC and banking sector to assess whether a true revival is underway. From RBI’s liquidity tightening to rising NPAs, we explore how different lending models are navigating stress. We dive into five key NBFC segments — Gold Loan NBFCs, Commercial Vehicle Lenders, Conglomerate-Backed NBFCs, SME/MSME Lenders, and Microfinan...

Send us Fan Mail In this thought-provoking episode, Siddhant Nautiyal from SOIC dives into a real conversation with Ishmohit on today’s confusing market. Is this the start of a new bull run — or are we stuck in a dull, directionless phase? They unpack it all: the kind of market we’re in, how much macro factors like RBI policy and inflation really matter, how investors should approach recent IPOs,...

Send us Fan Mail In this episode, we dive deep into one of India's most powerful and underappreciated sectors — the dairy industry. You'll learn how milk moves from rural farms to urban shelves, how regional players build trust with farmers, and why value-added products like cheese, yogurt, and protein are driving the next phase of growth. We break down: ✅ The full dairy value chain ✅...

Send us Fan Mail In this episode, we analyze how Indian capital market companies like Motilal Oswal, Edelweiss, and JM Financial are shifting from transaction-based income to more stable, recurring revenue models like wealth management and asset management. We also discuss how past mistakes in wholesale lending are being corrected, and explore the industry’s long-term growth potential, key risks,...

Send us Fan Mail Welcome to today’s deep dive on the global and Indian defence sector — where geopolitics, military innovation, and stock market opportunities come together. In this episode, we explore: Why wars happen and how global power is shifting How modern warfare — like drones and cyber tech — is replacing tanks and jets India’s growing role in defence exports, reforms, and key companies le...

Send us Fan Mail In this episode, we explore Fine Organics — a global leader in emulsifiers and polymer additives. With over 600 products, a pristine balance sheet, and aggressive global capex plans, the company is positioning itself for a major growth comeback after years of stagnancy. We dive into its competitive edge, market presence across 80+ countries, and the key risks and triggers that cou...

Send us Fan Mail In this episode, we share a clear framework for navigating bear markets and market crashes—based on history, valuations, macro trends, and technical signals. 📌 Key takeaways: 5-part crash analysis: history, valuation, technicals, earnings, economy Price vs. time correction explained with Nifty data Which indices are still expensive vs. which are derated How to identify fraud-heav...

Send us Fan Mail In this episode, we walk through three standout conference calls from the latest result season—Aarti Pharma Labs, Polycab, and a Associated Alcohol & Breweries. You'll learn how to read concalls using our Business–Risk–Management (BRM) framework, spot triggers like capex, margin expansion, product mix shifts, and management commentary that signal potential inflection poin...

Send us Fan Mail In this episode, we break down why PPFAS Mutual Fund recently added Mahindra & Mahindra, Narayana Health, and Coal India to its portfolio—and what you can learn from it. 📌 Key takeaways: Mahindra & Mahindra: Strong SUV & tractor business, good cash flows, EV potential Narayana Health: Capex-led growth, high ROE/ROCE, cheaper than peers Coal India: High dividend, low v...

Send us Fan Mail In this episode, we do a complete breakdown of Jio Finance—its structure, growth potential, and reasons behind the recent stock fall. 📌 Key takeaways: Why Jio Finance was created & its link to Reliance Industries What makes it a corporate-backed NBFC, and how that helps Breakdown of business verticals: lending, insurance, payments, AMC Why the stock is falling: startup-stage...

Send us Fan Mail In this episode, we sit down with investor Siddhant Bhandari to explore why small and mid-cap businesses might offer better opportunities than large caps. Through sector-wise comparisons, Buffett-style frameworks, and Indian case studies like Radico and Varun Beverages, we discuss category creation, distribution strength, affordability-driven growth, and how to spot consumer busin...

Send us Fan Mail In this episode, we decode the Indian chemical sector with industry expert Ajay Joshi. We explore the difference between bulk and specialty chemicals, evaluate the risks of capex-led growth, and understand the global shifts post Russia-Ukraine war and US tariffs. The episode also covers key frameworks to identify good vs bad chemical businesses, the rise of contract manufacturing...

Send us Fan Mail In this masterclass, we break down the cash flow statement—one of the most important yet underrated financial tools for investors. You'll learn how to analyze cash flow from operations, investing, and financing using real case studies, simple analogies, and forensic techniques. We also explain key ratios like CFO to PAT and CFO to EBITDA, helping you identify strong businesse...

Send us Fan Mail In this episode, we break down what’s hurting India’s top ER&D IT companies like KPIT, Tata Elxsi, and Tata Technologies. We explore business cycles, financials, valuations, and the key reasons behind the slowdown in this sector. 🔑 Key takeaways : What makes ER&D companies different from IT services firms How operating leverage impacts growth and margins Why sales growth...

Send us Fan Mail In this episode, discover how to scan and filter strong businesses even in a weak market. We cover relative strength scans, deep value filters, and how to track sectors that may lead the next bull run. 📊 Key takeaways : How to use scans like relative strength and value filters Strong sectors: Pharma, Hospitals, Hotels, NBFCs, Banks Tools used: SOIC Stock Scans, Screener, ValuePic...

Send us Fan Mail In this episode, we dive into the impact of rising competition on leading cable & wire companies like KEI and Polycab — and why investor psychology, industry capex, and return ratios matter more than ever. 📉 Key takeaways : What happens when supply increases faster than demand Learn from past case studies: Castrol, Paints, Quick Commerce, Varun Beverages How PE derating start...

Send us Fan Mail In this episode, we break down the current state of India’s IT sector — covering large-cap, mid-cap, ER&D, and product-based companies. We discuss why the sector is underperforming, how valuations remain elevated, and what the growth guidance looks like for key players like TCS, Infosys, KPIT, and Tata Elxsi. We also explore the impact of AI on billing models, margins, and fut...