One Level Deeper
Indian stocks, read one level deeper

What the business says.
What the market did.

Every company we follow, on one picture. Across: how many of six checks its own reported numbers pass. Up and down: what its share price did over twelve months. They do not always agree. Find yours.

Results to June 2026Prices at NSE close, 9 Oct 2026Moves every trading dayNo buy or sell calls
Tap a dot
−100%
−50%
0%
+50%
+100%
+150%
+200%
Fewer checks, price up anywayStrong checks, price upFewer checks, price downStrong checks, price down
23456
Checks that look strong, out of six
Dixon Technologies (India)Electronics manufacturing

Dixon Technologies makes electronics for other companies' brands: smartphones above all, plus laptops, televisions, refrigerators, washing machines and lighting.

Read the five answers →
Or pick by name
AI Challenge

Four AIs are racing with ₹10 lakh each →

Claude, ChatGPT, Grok and Gemini each built an Indian portfolio. The books are locked until September 2028. Dashed lines are the indices.

StandingsAs of NSE close, 9 Oct 2026
Nifty 50 over the same days: −2.68% · See every stock in all four books →
-10%-5%0%+5%+10%25 Sep2 Oct9 Oct16 Oct23 Oct
ClaudeChatGPTGrokGeminiNifty 50Nifty Midcap 150Nifty Smallcap 250
Sectors

Understand the CDMO sector →

Who works where — taller means more FY26 revenue

ResearchDiscovery and development work before there is a drug
IntermediatesThe chemistry that comes before the active ingredient
APIThe active ingredient, made in bulk
DoseAPI turned into a pill, a vial, an injection
Own productsSold under its own name — not contract work, but some CDMOs do both

Tap a row for the company. Bar height follows the square root of FY26 revenue; the exact figures are on the right.

Walk through the sector, one step at a time →

Sectors

Understand the specialty chemicals sector →

Who sells to whom — taller means more FY26 revenue

AgrochemicalsIntermediates and actives for crop protection
PharmaIntermediates and actives for medicines
RefrigerantsGases for cooling — R32, R22 and the next generation
Polymers & filmsFluoropolymers, packaging film, tyre cord, cable
Batteries & newBattery materials, semiconductors, silicones — the bets

Tap a row for the company. Bar height follows the square root of FY26 revenue; the exact figures are on the right.

Walk through the sector, one step at a time →

Sectors

Understand the electronics manufacturing sector →

Who builds for whom — taller means more FY26 revenue

Phones & computersSmartphones, laptops and IT hardware
Appliances & TVsAir conditioners, washing machines, refrigerators, televisions, lighting
AutomotiveElectronics that go into vehicles
Industrial & medicalFactory equipment and hospital devices
Rail, aerospace & defenceTrains, metros, aircraft, satellites and defence systems

Tap a row for the company. Bar height follows the square root of FY26 revenue; the exact figures are on the right.

Walk through the sector, one step at a time →

Learn

Learn to read a company through live examples

Every lesson is built from real companies’ figures, and moves when they do.

Learn ROCE through a live example

When Navin Fluorine built new plants, the money went out first and the profit came later. Its return on capital fell to 11.7%, then came back to 21.2%.

15%30%22986766362666150637523.4%11.7%21.2%FY19FY20FY21FY22FY23FY24FY25FY26

The line is ROCE. The bars show how much money was added to plants and unfinished work each year, in ₹ crore.

Read the ROCE lesson →

See every lesson → · Check any stock against all six checks →

Request a company
One level deeper · by email

Get the next one by email

A sector, read end to end, and the companies as they are published. Roughly monthly. Nothing else, and one click to stop.

For learning only. The checks are rules of thumb applied to each company’s reported figures. A company’s place on the picture is not a recommendation to buy, sell or hold its stock.