Thanks Bhai. What are the other stocks that you are supper bullish on if you can share?
Thanks once again for your guidance and valuable inputs.
My pleasure @tbhavesh . I donât want to deviate from this thread too much, but in short, I am not looking at anything new right now. I am more interested in protecting the gains I have made so far.
Back to ASM, I am curious to see what the actual asset turn number will look like for the âš760 cr in new capital investments that the company is going to make over the next two things.
And patiently waiting for updates from the ASM-HHV joint venture.
3 Likes
Ok - Thanks. Please keep the group posted with any new updates you get on ASM
1 Like
ASM Technologies Ltd has taken a 20% stake in Myelin Foundry Pvt Ltd to embed **edge AI directly into ASMâs machines and manufacturing systems.
ASM is adding an AI âbrainâ to its equipment:
Predictive maintenance
Real-time machine health
Vision + sensor analytics
Smarter, more autonomous factories
1 Like
Seems like a futuristic aquisition agentic AI sace.
Seems some big investors are exiting - price has already corrected by more than 50% from top. Technically price is moving in an downward sloping channel and if it does not reverse at current prices then it can go down to 2175 and deep down till 1500. Seems some fundamental issues that the market knows in advance.
A casual look https://www.linkedin.com/in/vipinsondhi/ profile Ex MD of JCB & Ashok Leyland and hairperson, National Board for Quality Promotion and lets see his last 2 posts.
It seems ironical that most of the areas which are being talked about in these 2 posts are the areas which ASM Technologies are already into .
ASM is just not another ERD company but the biggest proponent of the next wave of Industry 4.0 India manufacturing story.
Another way to look at ASM is it a Deep Tech Info edge of sorts but in manufacturing domain.
I also keep comparing ASM to another portfolio company of mine Laurus Labs albeit in a different field
Look at the quality of the recent Acquisition of 20% stake in Myelin Foundry https://www.linkedin.com/in/gkatragadda/details/experience/
Gopichand Katragadda CTO of Tata Group as well as the MD of GE JFWTC .
It must be commended that Rabindra Srikantan is building something special . This company may not be for the short term investors but I believe whatever ASM is building is something special and the business 5 years down the line will be completely different than what it is today.
Disclosure : Heavily biased and my top PF holding for a long term perspective.
Would love to hear from others who have been holding this company way longer than me what are their views.
6 Likes
I have been tracking this company for some time now - but my holding decisions are driven based on technicals. I agree with all that you have mentioned - but there is one more thing - price factors everything and at this point of time, ASM is in full bearish mode - will not be suprised if the price corrects back to 1800 odd levels.
1 Like
The Soul in the Machine: Why AI Must Move from the Plant Floor to the Equipment
Gopichand Katragadda
Founder and CEO at Myelin Foundry; Independent Director for Bosch Ltd, Asian Paints, and ICICI Securities; Past Group CTO, Tata Sons; Past MD, GE JFWTC; Chartered Engineer (UK)
February 24, 2026
AI in manufacturing is frequently sold as a âplant-levelâ transformationâa world of cloud analytics, centralized monitoring, and sleek executive dashboards. Yet, this framing misses a fundamental shift. The real opportunity isnât layering AI on top of factories; it is embedding it directly within the equipment.
The Accountability Gap
Most manufacturing plants are built for stability, not experimentation. Technology teams focus on ERP systems and automation integration, while AI initiatives often float in a âno-manâs landâ between IT and Operations. When a predictive model fails or produces ambiguous data, accountability is diffused.
Equipment manufacturers operate differently. They understand the machineâs physics, the nuances of its failure modes, and the limits of its firmware. For them, AI isnât an âadd-onââit is a core engineering requirement.
From Supervisory Overlays to Nervous Systems
When intelligence is embedded at the equipment layer, AI becomes part of the machineâs nervous system. The advantages are immediate:
-
Data Integrity: Raw sensor data is accessed directly, and signal quality is calibrated at the source.
-
Precision: Models are tuned to specific mechanical tolerances and usage patterns, rather than generic averages.
-
Security: Update cycles and security frameworks are controlled end-to-end, reducing the âattack surfaceâ created by external software layers.
The Shift: Selling Uptime vs. Selling Performance
There is a profound economic advantage to this shift. Currently, plants purchase uptime, treating predictive maintenance as a discretionary âretrofitâ evaluated on local ROI.
However, when AI is embedded, the OEM (Original Equipment Manufacturer) can sell assured performance. Predictive maintenance becomes part of the capital purchase, backed by warranties and service agreements. This transforms the business model from selling hardware to selling guaranteed outputâa shift that opens the door to performance-based contracts and recurring analytics revenue.
The Edge-Native Mandate
The technical architecture for this transition must be edge-native. Industrial environments cannot rely on cloud latency or bandwidth. They demand deterministic response times and cyber-resilience.
The collaboration between ASM Technologies and Myelin Foundry is anchored in this philosophy. By combining ASMâs deep engineering services and global manufacturing expertise with Myelin Foundryâs Edge AI operating architecture, the goal is clear: to move beyond analytics dashboards and enable AI-native manufacturing equipment.
Indiaâs New Value Proposition
This approach positions India uniquely in the global value chain. Rather than exporting software overlays, we can export intelligent machines.
-
Self-Diagnosing: Equipment that understands its own health.
-
Continuous Learning: Machines that improve across deployments via federated models.
-
Sustainability: Intrinsic optimisation of energy and resources.
The Bottom Line
The future of manufacturing will not be defined by centralised dashboards alone; it will be defined by machines that understand themselves. For AI to deliver structural value rather than incremental optimisation, it must migrate to the machine.
3 Likes
ASM Technologies Ltdâs acquisition of Asmaitha Wireless Technologies is mainly about adding the electronics and control layer to its capabilities. While ASM already had strength in mechanical systems (Forms & Gears), process technologies (HHV), and AI (Myelin), it lacked embedded systems, control electronics, and connectivity. Asmaitha fills this gap by enabling ASM to build machines with in-built control systems, IoT connectivity, and real-time data handling, which are essential for modern industrial and semiconductor equipment.
Strategically, this moves ASM closer to becoming a full-stack intelligent equipment company, rather than just a subsystem manufacturer. With hardware + process + AI + electronics now coming together, ASM can design and deliver complete, connected, and smarter machines, improving margins, IP ownership, and global competitiveness. While this wonât immediately boost revenues, it is a key step toward ASMâs long-term goal of evolving into an OEM for advanced equipment in solar, semiconductor, and eventually photonics/quantum infrastructure which is used by the cutting edge technology used in present day top notch equipment companies.
Asmaitha_Wireless_Technologies.pdf (346.8 KB)
9 Likes
Appreciate your thought process and thank you for connecting the missed links.
Basically Asmtech is a play on the promoter who have done out of the box actions to bring unique capabilities and capacities under this company. He has a vision and skills to bring various stake holders together and make efforts to get desired result where everyone is beneficiary. In the past also promoter done a series of merger and acquisitions, later years most of these have turned up as great success. So i trust promoter and leave it to him and not making any judgmental remarks on these aquisitions.
Hope for the best.
6 Likes