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Is Jindal Stainless a durable product for long-term investment like its own stainless steel?

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We are all familiar with the reasons behind the widespread popularity of stainless steel, predominantly due to its exceptional durability and effortless upkeep.

Lets analyze if India’s premier stainless steel manufacturing company, Jindal Stainless ltd., is as sustainable and as enduring an entity as its own products;

Above is a snippet from JSL’s annual report

  1. JSL is one of the very few companies with a Diverse Product Range catering to a wide array of industries such as automotive, railways, transportation, infrastructure, consumer durable, banks, and more.
  2. Due to its wide portfolio range, it benefits from government initiatives in various sectors it caters to.
  3. In the 2024 budget, Indian Government announced that it would exempt customs duty on 25 critical minerals including nickel, copper, cobalt, silicon, and molybdenum, which are among its primary raw materials.
  4. Company imports around 35%-40% of its raw material, primarily comprising stainless steel scrap and nickel. However, it procures 90% of its inputs from recycled scrap.
  5. Co.’s Strategic collaborations in Indonesia to invest in Nickel Pig Iron (a major raw material), developing as well as operating stainless steel melt shop made it the first ever Indian Company to do so.
  6. Its recent association with  JBM Auto Ltd, India’s leading electric bus manufacturer, to produce over 500 energy-efficient and lightweight stainless steel electric buses , promoting sustainable transportation solutions.
  7. Company predominantly serves the domestic market, thus mitigating direct exposure to the current geopolitical tensions.
  8. India’s stainless steel consumption has shown a compound annual growth rate (CAGR) of approximately 7–7.5%, indicating a steady and significant increase in the demand for stainless steel in the coming years.

FY 24 financial highlight:

Sales Volume (tonnes)Net Revenue (INR crore)EBITDA (INR crore)PAT (INR crore)
21,74,61038,3564,0362,531
23% increase9% increase13% YoY growth26% YoY growth

Seems like there is a considerable journey ahead for the company, and one has the opportunity to ride along with it…

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Hello! Who is helping to “Connect With Us”??

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Digital Communication market in India continues to be one of the largest and fastest growing industry across the globe..

Have you ever taken notice of what contributes to your digitally seamless communication, be it formal or informal?

Well, there are multiple technical support personnel involved to facilitate a seamless, transparent, and secure communication process.

Lets talk about an important one….

CPaaS service providers have a high market potential due to the increasing demand for cloud communication solutions

CPaaS (Communications Platform as a Service) service providers play a crucial role in today’s digital communication landscape. These companies offer cloud-based platforms that enable businesses to easily integrate real-time communication features into their applications, websites, and services.

– Security: CPaaS service providers prioritize data security and compliance, ensuring that sensitive information shared through their platforms is protected from unauthorized access.

– Global Reach: These providers offer international connectivity, allowing businesses to reach customers and partners across the globe with seamless communication solutions.

–Also, CPaaS service providers offer API support for integrating communication services like messaging, voice, and video into software applications. CPaaS providers provide robust API support for seamless integration and customization.

And yes, here our favourite one is Tanla Platforms, but why??

Jotting down the company’s quality products:

Wisely ATP is Protecting 1Bn+ Customers from Scams

Trubloq is Raising the Bar on Spam Prevention by Integrating Gen AI

Tanla has partnered with Google’s Rich Communication Services (RCS), India’s premier business messaging channel, to cater more than 330 mn customers in India

Company will continue to focus on two synergistic businesses: Digital Platforms and Enterprise Communications.

With around Rs.4000 crores revenue and 19% EBITDA margin, company is poised for more than 20% growth in the coming year.

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Invest in the Narrative of Consumerism in India

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Hey, Don’t you see most people around you of every strata spending on lifestyle, technology, etc ??

We all know the answer here….

Holistically, it’s a win win for everyone in the economy. However, the growth path has recently begun.

The narrative of consumption in India is undergoing a transformation due to factors such as urbanization, the burgeoning middle class with increased disposable incomes, enhanced access to technology and e-commerce platforms, evolving consumer preferences, and a transition towards a more service-oriented economy.
Consequently, there is a discernible shift in consumer behavior towards more aspirational and lifestyle-oriented purchases.
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This evolution has resulted in a noticeable demand-supply disparity across various sectors including agriculture, energy, electronics, infrastructure, and health-care within the country.
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Nevertheless, concerted efforts are being exerted to bridge this disparity through the implementation of diverse policies and initiatives. Capital Infusion is relatively getting easier and so is the ease of doing business..
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Investing in the consumption narrative can be a lucrative opportunity as these sectors are directly linked to the purchasing power of individuals. This presents a promising investment opportunity as companies in these sectors stand to benefit from the expanding consumer base. Additionally, consumer sectors are relatively resilient to economic downturns, making them a more stable investment option compared to other sectors.

India set to become a $4 Trillion economy by the end of FY 2024-25.

The registered investor base at NSE has nearly tripled from March 2020 to March 2024 to 9.2 crore as of 31 March 2024, potentially translating into 20 per cent of the Indian households now channelling their household savings into financial markets.

And yes, retail investors like you are contributing to the economy’s growth.

Overall, investing in Indian capital markets can be a strategic and rewarding way for residents to grow their wealth, support the local economy, and diversify their investment portfolio.

However, Seeking guidance from a professional wealth advisor is recommended, as they can offer invaluable insights, expertise, and counsel on financial management strategies tailored to the specific objectives and risk tolerance levels of the investors.
The advisors have access to in-depth market research, economic analysis, and industry knowledge that can help investors make informed investment decisions. They can also help investors navigate the complexities of the Indian market, regulatory frameworks, and tax implications, ensuring compliance and maximizing returns.
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By partnering with WealthCraft, clients can leverage tailored financial solutions and proactive wealth management that are in line with their financial objectives and assist them in attaining their investment aspirations. Our exclusive and tailored financial planning solutions aim at achieving optimal wealth management while effectively navigating the complexities of risks and legal requirements.

Please reach out to us at info@wealthcraftconsultants.com for any inquiries.

Visit https://wealthcraftconsultants.com/ for more updates and blog.

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Decoding IFSC for Indian Investors…

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Recently, the honourable finance minister of India has granted permission for Indian Residents to establish dollar accounts in IFSC GIFT CITY, offering a myriad of advantages to Indian Investors seeking to broaden their investment portfolio:  

  • – Access to global markets  
  • – Tax benefits and exemptions  
  • – Regulatory framework conducive to foreign investments  
  • – Efficient mechanisms for dispute resolution  
  • – Availability of top-notch infrastructure  

However, the individual investments are subject to the Liberalised Remittance Scheme (LRS) limit of USD 250,000 per annum per investor.


Investing in international markets can offer Indian investors:

  • Diversification opportunities
    • Access to a broader spectrum of industries and companies
    • Potential for enhanced returns
    • Exposure to various currencies and economic cycles

It can assist investors in:

  • Hedging against domestic economic and political uncertainties
    • Potentially mitigating overall portfolio risk through augmented global exposure

Some of the most favourable and cost-effective international markets for Indian investors include the United States, the United Arab Emirates, Singapore, and the United Kingdom. These countries offer attractive business opportunities, stable political environments, and strong legal systems that can benefit Indian investors looking to expand their presence globally. Additionally, these markets have relatively low barriers to entry and are known for their business-friendly regulations.

Get in touch with us to understand more about the routes of investing abroad.

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Invest In India – What a great time to be an Investor in Indian Markets !!!

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In Continuation of our very first blog about Invest in India, i would highlight the numbers reflecting an exponential growth in Indian MF Industry. (Source:AMFI)

🚀 The Indian Mutual fund industry hit an AUM of Rs 60 lakh crore for the first time in June 2024.

🚀 The AUM of the Indian MF Industry has grown from ₹9.75 trillion as on June 30, 2014 to ₹61.16 trillion as on June 30, 2024 more than 6 fold increase in a span of 10 years.

🚀 Equity mutual fund inflows in India hit all time highs of Rs. 40,600cr in June as per the AMFI data

🚀 The contribution of SIPs touched an all-time high of Rs. 21,262 crore in June

Here comes the big question :
Why is the retail community so bullish on Indian Equity markets ?

  1. Economic Growth Potential: India is one of the fastest-growing major economies globally. Retail investors see this growth as a sign of opportunity, expecting that expanding economic activity will lead to higher corporate profits and consequently, stock market gains.
  2. Technological Advancements: Increasing internet penetration and the availability of online trading platforms have made it easier for retail investors to participate in the stock market.
  3. Rise in discretionary income: India has a young and growing population, which is increasingly participating in the workforce and contributing to economic growth. Hence, with the growth in working population, the income level rises.
  4. Government Policies and Reforms: Policy initiatives and reforms by the Indian government aimed at boosting economic growth, such as the introduction of GST (Goods and Services Tax), infrastructure development plans, and initiatives to ease the business environment, boosts investors confidence. A stable government increases the trust in investors.

Though there are more detail points that can be covered citing increase in retail participation in the markets, i have covered the basic ones. What are your thoughts on the same?

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How can a NRI open a demat account? – Step by Step Guide

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Here’s a simplified flowchart for opening an NRI Demat account:

  1. Start: Begin the process of opening an NRI Demat account.
  2. Check Eligibility:
    • Determine if you qualify as a Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) as per RBI guidelines.
  3. Choose Depository Participant (DP):
    • Select a DP authorized to open NRI Demat accounts. Research various DPs and compare their services.
  4. Document Verification:
    • Gather necessary documents:
      • Passport copy
      • Overseas address proof (utility bill, bank statement, etc.)
      • PAN card
      • Passport-sized photographs
      • KYC documents as required by the DP
  5. Fill Application Form:
    • Obtain and complete the application form provided by the DP.
  6. Submit Documents:
    • Submit the filled application form along with required documents to the chosen DP.
  7. Verification and Processing:
    • DP verifies the documents and information provided.
  8. NRI Status Confirmation:
    • Confirm NRI status with supporting documents (PIO card, OCI card, etc.).
  9. Approval and Account Creation:
    • Upon successful verification and confirmation, the DP approves the account opening.
  10. Deposit Initial Funds:
    • Transfer the initial funds required for opening the Demat account.
  11. Receive Account Details:
    • DP provides the account details once the account is opened.
  12. Account Activation:
    • Activate the Demat account by linking it with a trading account (if required).

This flowchart provides a structured overview of the steps involved in opening an NRI Demat account. Each step may involve additional sub-steps or considerations depending on the specific requirements of the DP and regulatory guidelines.

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Why Invest in India? – Party is not over yet….

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Many of you might read/hear about Indian Equities being over-priced or no further scope in the market for sometime. This may be true fundamentally, however, let me tell you – The Party is not over yet, and it is not going to end !!!

Investing in the Indian equity market can be appealing for several other reasons:

  1. High Growth Potential: The Indian economy has shown robust growth over the years, driven by factors like a large young population, increasing urbanization, and ongoing economic reforms.
  2. Diverse Sectors: The Indian equity market offers exposure to a wide range of sectors such as information technology, pharmaceuticals, consumer goods, finance, infrastructure, and more. This diversification allows investors to capitalize on different segments of the economy.
  3. Demographic Advantage: India has a youthful demographic profile with a growing middle class and increasing disposable income, which boosts consumption and demand for goods and services.
  4. Government Initiatives: Initiatives like Make in India, Digital India, and infrastructure development projects present opportunities for companies across various sectors to grow and expand.
  5. Strong Corporate Sector: India has a vibrant corporate sector with many well-established companies and a growing number of dynamic startups, providing a mix of stability and growth potential.
  6. Improving Regulatory Environment: Efforts to improve transparency, corporate governance standards, and ease of doing business make the Indian equity market increasingly attractive to investors.
  7. Financial Market Development: The Indian financial markets, including the stock exchanges (NSE and BSE) and regulatory bodies (SEBI), are well-regulated and continue to evolve, offering a structured environment for investment.
  8. Potential for Long-Term Returns: Historically, Indian equity markets have shown the potential to deliver attractive long-term returns, although short-term volatility can be higher.

Despite these advantages, it’s essential to consider risks such as market volatility, regulatory changes, political factors, and currency fluctuations when investing in Indian equities. Investors should conduct thorough research, diversify their portfolios, and seek professional assistance from an Investment Advisor before investing.