The Valuation Story

Before I Value Any Business… I Do This First

Hello readers,

Oct 26 • 

Akash Pandey

Your Favorite EV Company Is Lying About Profitability. Ather Isn't.

The uncomfortable math behind India's electric revolution, and why only the honest will survive

Oct 11 • 

Akash Pandey

The $18M Business Growing to $69M

India’s Battery Swapping Story: Simple Math, Complex Reality

Oct 4 • 

Akash Pandey

September 2025

How Did Ather Turn 7 Rupees Into 23 Rupees?

Ather Energy was dying! Making only 7 rupees profit on every 100 rupees. In just 24 months, they EXPLODED their profits to 23 rupees per 100!

Sep 27 • 

Akash Pandey

How One News Can Move Your Money

The 0.12% Magic Trick That Made People Rich

Sep 20 • 

Akash Pandey

2.5 Crore Rickshaws. Just 3,000 Stations.

Battery swapping could fix the biggest gap in India’s EV plan, if we let it.

Sep 6 • 

Akash Pandey

August 2025

Goodwill vs. Future Earnings

Relationships built during marriage are shared; new hustle after isn’t.

Aug 23 • 

Akash Pandey

30% EV by 2030? Stop clapping. Start asking questions.

The Target vs. The Reality sets the scene for the headline without plan argument.

Aug 16 • 

Akash Pandey

2

The Real Risks Behind India’s EV Boom

India’s EV sector is on the rise, but the risks could be as powerful as the opportunities.

Aug 9 • 

Akash Pandey

Ather’s Revenue Story Is Just Beginning

How I built Ather’s revenue forecast, step by step.

Aug 2 • 

Akash Pandey

July 2025

The Margin Tells the Truth

At 31.5%, Polycab’s gross margin tells a deeper story — of efficiency, strategy, and a business that’s scaling without breaking.

Jul 19 • 

Akash Pandey

1

Inside Polycab’s Growth: What the Revenue Tells Us

A critical analysis of Polycab India’s revenue growth strategy

Jul 12 • 

Akash Pandey

1