Research Primers · Dart Consultants

Dart Consultants Research

First-principles primers on manufacturing and technology value chains — global LiDAR sensor technology; India's AI data-centre stack, from chip design through server assembly, GPU cloud, power, cooling, cabling and construction; India's aerospace manufacturing localisation cycle; the pharmaceutical excipients and cellulosics industry behind the tablets in every medicine cabinet; and India's grid-scale battery storage build-out. Choose a primer below, or jump straight to our standalone stock reports.

Companies covered71

Sectors5

Primers7

Choose a Primer

Global LiDAR sensor technology, AI data-centre stack (three linked views), India's aerospace manufacturing localisation cycle, pharmaceutical excipients & cellulosics, and India's grid-scale battery storage build-out

Global · 6 US-listed companies

LiDAR Technology

The eye-safety physics that caps every laser's range, the automotive qualification clock that decides who survives, and the six US-exchange-listed companies still standing after a brutal three-year consolidation wave — plus nine other listed LiDAR-relevant companies worldwide.

Read the LiDAR primer → Unified · 35 companies

India's AI Infrastructure Stack

The full value chain, wafer to substation — chip design, packaging, server assembly and GPU cloud, merged with power, cooling, cabling and construction into one continuous narrative and one ratings series. Start here for the complete picture.

Read the unified primer → Compute half · 15 companies

India's AI Compute Stack

Chip design, semiconductor packaging, server/AI-hardware assembly and GPU cloud — the chip-to- cluster value chain, and the fifteen listed companies building India's slice of it.

Read the compute-stack primer → Physical half · 20 companies

India's Data-Center Physical Infrastructure

Power equipment, backup power, cooling, cabling and civil/EPC construction — the physical half of the AI boom no GPU benchmark measures, and the twenty listed companies building it.

Read the physical-infrastructure primer → Aerospace · 14 companies

India Aerospace Manufacturing

The supply-chain localisation cycle — from forging blank to qualified part — and the fourteen listed companies building India's place inside it, from a ₹3+ lakh crore PSU to a company only listed since February 2026.

Read the aerospace primer → Pharma · 2 companies

Pharmaceutical Excipients & Cellulosics

A ground-up guide to the physics of a compressed tablet and the two listed Indian producers supplying microcrystalline cellulose to the world's formulation industry from Gujarat and Telangana.

Read the excipients primer → Grid Storage · 14 companies · 1B · 8H · 5S

India Grid-Scale Battery Storage

The China cell-recipe gate that decides who can actually build a BESS at cost, the tender pipeline racing ahead of localised cell capacity, and the fourteen listed companies — cell makers, pack integrators, EPC players and utilities — caught between the opportunity and the import dependency.

Read the grid storage primer →

Stock Reports

Standalone single-company deep dives — sum-of-the-parts and DCF valuation, buy/hold/sell calls

Stock Report · BUY · +36.2% upside

Reliance Industries — SOTP Valuation

A from-scratch sum-of-the-parts across O2C, Oil & Gas, Jio Platforms, Reliance Retail, New Energy and JioStar, cross-checked against a consolidated-EBITDA multiple and the Street's own brokerage range. More standalone stock reports are being added progressively.

Read the Reliance SOTP report →

Educational material only — not investment advice. Dart Consultants is not a SEBI-registered Investment Adviser or Research Analyst.