Kerbside

Ratin DSIJ / 23 Jul 2026 / Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Informed Intelligence, Kerbside, Regular Columns

Kerbside

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

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READY TO SPRING A SURPRISE
IFB Industries Ltd.
BSE Code: 505726
CMP: ₹1,354.10

IFB Industries is beginning to show signs of a meaningful turnaround. During Q4FY26, revenue grew 11 per cent, PBDIT rose 16.23 per cent and PAT jumped 51 per cent to ₹33.72 crore. All divisions delivered double digit revenue growth, indicating that the recovery is becoming broader rather than being driven by a single business. The company is also sharpening its focus on premium products, distribution expansion, cost control and operational efficiency. Adding fuel to the market chatter is IFB’s strong balance sheet. The company carried only ₹12.77 crore of debt against cash and equivalents of ₹357.27 crore, leaving it with net cash of ₹344.50 crore. It has consciously preserved cash for future strategic requirements, while its engineering arm is actively exploring M&A opportunities and has already evaluated more than 65 companies. With money in the Bank and acquisition intent clearly visible, the buzz is that IFB could soon spring a sizeable strategic surprise.

GROWTH PIPELINE RUNS DEEP
Ion Exchange (India) Ltd.
BSE Code: 500214
CMP: ₹437.10

Ion Exchange is steadily strengthening its global water solutions platform. The company has partnered with MANN+HUMMEL to expand its membrane portfolio through advanced ultrafiltration and membrane bioreactor technologies. Management sees membranes as a major growth lever; global membrane market is growing at a CAGR of 10 per cent plus. Meanwhile, 20-year Oman DBOOT project is progressing on schedule. Revenue from the Roha plant to start picking up, supported by export opportunities and WQA certification. With several pieces falling into place, Ion Exchange appears to be building a much larger global opportunity.

ROYAL NUMBERS IN THE MAKING
Eicher Motors Ltd.
BSE Code: 505200
CMP: ₹7,688.25

The Street is expecting a healthy performance from Eicher Motors in Q1FY27, supported by sustained demand for Royal Enfield motorcycles. Premiumisation, new model launches, rising disposable incomes and favourable demand for motorcycles in the up to 350cc segment remain important growth drivers. Lean dealer inventory and steady bookings also indicate that wholesale momentum is being supported by underlying retail demand. VECV provides another growth engine, with improving commercial vehicle volumes strengthening the overall earnings mix. Royal Enfield’s capacity expansion, refreshed product pipeline and calibrated price increases could also help absorb commodity cost pressures. With motorcycles and commercial vehicles moving in tandem, market circles are hopeful that Eicher Motors may once again deliver a strong set of numbers packed with horsepower.

A NEW TARGET ON THE RADAR
Paras Defence and Space Technologies
BSE Code: 543367
CMP: ₹1,223.10

Institutional interest in Paras Defence has strengthened, with FII holding rising from 5.06 per cent to 8.29 per cent and DII holding increasing from 1.24 per cent to 3.04 per cent during the June quarter. Adding to the excitement, Paras has secured an exclusive licence in India to manufacture and commercialise the Guardian-1 Interceptor, a high-speed, battery-powered system designed to combat low-cost aerial threats. This development has fuelled Street murmurs that sizeable opportunities in counter-drone systems could soon appear on the company’s radar.

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