Kerbside

Arvind / 17 Sep 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.

TOLL TALE ON THE RISE 

IRB Infrastructure
BSE Code: 532947
CMP: ₹19.20 

India's highway story has a steady compounder running quietly through it. IRB Infrastructure posted a 51 per cent jump in net profit in Q1 FY27, while August 2026 toll revenue extended the momentum with a 25 per cent year-on-year rise, driven by sustained traffic growth and FY27 tariff revisions. New assets are adding to the revenue base, with the Ganga Expressway and TOT18 on NH-16 both commencing tolling during the quarter. The company also declared an interim Dividend, a quiet signal of confidence in its cash generation. With 28 revenue-generating assets across 13 Indian states, a residual concession life of around 21 years, and a roadmap to grow its portfolio to ₹1,40,000 crore by 2030, IRB is not just collecting tolls; it is building a long-duration infrastructure compounding machine. Monthly toll numbers and InvIT monetisation progress remain the monitorables ahead. 

PIPING A NEW REVENUE STREAM 

Dilip Buildcon
BSE Code: 540047
CMP: ₹398 

Dilip Buildcon has quietly added a new dimension to its story. The company received a Letter of Intent from the Petroleum and Natural Gas Regulatory Board to develop an LPG pipeline from Paradip in Odisha to Raipur in Chhattisgarh, valued at approximately ₹1,800 crore. Beyond Construction, Dilip Buildcon will operate the pipeline for 25 years through a special purpose vehicle, shifting from a pure EPC contractor to a long-duration infrastructure operator. Whether the formal work order is concluded smoothly will determine how quickly this new chapter reflects in the financials. 

BLASTING INTO AFRICA 

Solar Industries
BSE Code: 532725
CMP: ₹19,250 

Solar Industries just made its boldest move yet. The Nagpur-based explosives giant has signed a definitive agreement to acquire South Africa's Omnia Holdings for ₹12,951 crore in an all-cash deal. Omnia operates across 23 countries with over 70 distribution centres and reported FY26 revenue of approximately ₹13,307 crore. The deal expands Solar's global footprint while opening entry into Africa's crop nutrition and agricultural biologicals market, well beyond its core explosives business. Back home, Q1 FY27 net profit surged 93 per cent year-on-year to ₹653 crore. With Defence business expansion already underway and now a continental-scale acquisition in play, Solar is building a platform that looks considerably different from what it was just a few years ago. Regulatory approvals across multiple African jurisdictions remain the key monitorable. 

SCANNING A BIGGER MAP 

Vijaya Diagnostic Centre
BSE Code: 543350
CMP: ₹1,496.35 

Vijaya Diagnostic Centre is quietly expanding beyond its South Indian stronghold. On September 11, 2026, the company completed a 100 per cent acquisition of Arya Wellness Centre in Guwahati, marking its first step into the Northeast. The financials add conviction; Q1 FY27 revenue rose 23 per cent year-on-year, while net profit jumped 38 per cent. The diagnostics sector is consolidating rapidly, and branded players are steadily winning share from standalone laboratories. Whether the Northeast becomes a meaningful contributor will depend on how quickly Vijaya scales its Guwahati platform. 

(Closing price as of September 15, 2026)

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