India’s economy and its smaller companies, read straight from the filings.

The Macro Brew

Macro analysis of economic trends, policy changes, and sectors, and how they shape the bigger picture.

New

Panel, turbine, wire, plug: who makes money at each step?

India added about 45 GW of solar power in the year to March 2026. Company filings, from cell makers to power buyers, show who works at each step of the wind and solar chain, what drives their costs and who keeps the profit.

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New

Who makes money from India's sugarcane?

Sugar mills owed farmers ₹1,12,740 crore for one season of cane. Company filings, from plant builders to biscuit makers, show who works at each step from field to buyer, what drives their costs and who keeps the profit.

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Should you stop your SIPs?

The Nifty 50 has fallen hard 4 times since 2020, and SIP investors kept paying through every one. Only once did they pull back: in the months after the COVID crash, just as the market recovered. On a ₹10,000 monthly SIP, stopping then cost ₹1.19 lakh.

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The Edge Alert

In-depth research on small and mid-cap companies, their business models, financials, and risks.

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India has plenty of business and finance coverage. But the more I looked at it, the more I felt that some interesting parts of the market were being left out.

Interesting things are often hiding where nobody is looking.

Why I started Groundamentals →