EQ Saturday Sapience #187
Equity Intelligence 5th September 2026
“Having no FOMO might be the most important investing skill.” —Morgan Housel
Decoding Indian CDMOs: In this comprehensive primer, SOIC analyzes the rapid growth of the Indian Contract Development and Manufacturing Organization (CDMO) sector, outlining how global regulatory shifts (such as the US BioSecure Act) and AI-driven drug discovery are fuelling an unprecedented capex boom in India. Watch more
Private Equity Is Stuck With 33,575 Unsold Businesses- While a broader deal-making boom has taken off, private equity firms remain largely on the sidelines, saddled with a record backlog of over 33,000 unsold portfolio companies. This logjam is driven by higher interest rates that raise borrowing costs and valuation declines in the key software sector due to artificial intelligence concerns. Consequently, private equity returns have significantly underperformed the broader stock market, leaving large institutional investors like pension funds worried about potential losses. Read more
How New Technology is Reviving Nuclear Power – Nuclear power spent years on the wrong side of investor sentiment - too expensive, too slow and too controversial. Today, the rise of AI, data centres and growing energy security concerns is forcing a reassessment. Global nuclear investment crossed $80 billion in 2025, as governments and private capital increasingly view nuclear as one of the few sources of reliable, low-carbon baseload power. Advances such as Small Modular Reactors (SMRs) could make nuclear energy more scalable and commercially attractive. This is a reminder that industries rarely disappear; they often wait for the right catalyst. Technologies that once seemed obsolete can become strategically important again when the world changes around them. Read more
From Cost Advantage to Reliability Advantage - For years, Indian aerospace suppliers won business primarily by being cheaper than global competitors. According to Raymond Aerospace's Gautam Maini, that is changing. In an industry where aircraft production depends on thousands of specialised components arriving on time, reliability has become more valuable than price. Global customers are increasingly looking for suppliers who can consistently deliver high-quality parts rather than simply offer the lowest cost. The broader shift is important: India is gradually moving from being a low-cost manufacturing destination to becoming a trusted manufacturing partner. In aerospace, where a delayed part can delay an entire aircraft, trust and execution often matter more than price. Read more
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