Sovereign Gold Bonds Subscription For First Tranche Starts On May 17
https://www.ndtv.com/business/sovereign-gold-bond-sgb-scheme-government-issues-sovereign-gold-bond-scheme-2021-22-schedule-1st-trance-on-may-17-2440486
https://www.ndtv.com/business/sovereign-gold-bond-sgb-scheme-government-issues-sovereign-gold-bond-scheme-2021-22-schedule-1st-trance-on-may-17-2440486
NDTV.com
Sovereign Gold Bonds 2021-22: Subscription For First Tranche Starts On May 17
Gold Bond Scheme: The Sovereign Gold Bonds Scheme 2021-22 will be issued in six tranches, starting from May 2021 to September 2021
Good company + Bad Quarterly results = Opportunity to INVEST✨
Bad / Average company + Good Quarterly result = Trap for retail investors!!
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Bad / Average company + Good Quarterly result = Trap for retail investors!!
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*Pidilite Industries Ltd.* | *CMP* Rs. 1879 | *M Cap* Rs. 95481 Cr | *52 W H/L* 1929/1307
(Nirmal Bang Retail Research)
Volumes came at 0% vs expectation of 27.8%, QoQ 7.4%, YoY 2%
*Result marginally below expectation*
Revenue from Operations came at Rs. 2235.5 Cr (-2.8% QoQ, 44.7% YoY) vs expectation of Rs. 2095 Cr, QoQ Rs. 2299 Cr, YoY Rs. 1544.7 Cr
EBIDTA came at Rs. 460.8 Cr (-28.1% QoQ, 53.1% YoY) vs expectation of Rs. 465.8 Cr, QoQ Rs. 640.8 Cr, YoY Rs. 300.9 Cr
EBITDA Margin came at 20.6% vs expectation of 22.2%, QoQ 27.9%, YoY 19.5%
Adj. PAT came at Rs. 309.8 Cr vs expectation of Rs. 309.1 Cr, QoQ Rs. 441.8 Cr, YoY Rs. 190.5 Cr
Quarter EPS is Rs. 6.1
Share is trading at P/E of 58.8x FY22E EPS
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Volumes came at 0% vs expectation of 27.8%, QoQ 7.4%, YoY 2%
*Result marginally below expectation*
Revenue from Operations came at Rs. 2235.5 Cr (-2.8% QoQ, 44.7% YoY) vs expectation of Rs. 2095 Cr, QoQ Rs. 2299 Cr, YoY Rs. 1544.7 Cr
EBIDTA came at Rs. 460.8 Cr (-28.1% QoQ, 53.1% YoY) vs expectation of Rs. 465.8 Cr, QoQ Rs. 640.8 Cr, YoY Rs. 300.9 Cr
EBITDA Margin came at 20.6% vs expectation of 22.2%, QoQ 27.9%, YoY 19.5%
Adj. PAT came at Rs. 309.8 Cr vs expectation of Rs. 309.1 Cr, QoQ Rs. 441.8 Cr, YoY Rs. 190.5 Cr
Quarter EPS is Rs. 6.1
Share is trading at P/E of 58.8x FY22E EPS
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Correction-
*Birla Corporation Ltd. | CMP Rs. 1044 | M Cap Rs. 8036 Cr | 52 W H/L 1044/372*
(Nirmal Bang Retail Research)
*Result above expectation*
Revenue from Operations came at Rs. 2132.6 Cr (20% QoQ, 26.2% YoY) vs expectation of Rs. 1902 Cr, QoQ Rs. 1776.6 Cr, YoY Rs. 1690 Cr
Volume came at 4.17mnT vs QoQ 3.55mnT and YoY 3.3mnT
Realisation stood at Rs. 4833 Cr vs QoQ Rs4739 Cr, YoY Rs 4795 Cr
EBIDTA came at Rs. 392 Cr (18.9% QoQ, 13.8% YoY) vs expectation of Rs. 347.1 Cr, QoQ Rs. 329.7 Cr, YoY Rs. 344.6 Cr
EBITDA Margin came at 18.4% vs expectation of 18.2%, QoQ 18.6%, YoY 20.4%
EBIDTA/Tonne came at Rs 937 Cr vs QoQ Rs 992 Cr, YoY Rs 1045 Cr
Adj. PAT came at Rs. 249.3 Cr vs expectation of Rs. 149.6 Cr, QoQ Rs. 148.4 Cr, YoY Rs. 194.7 Cr. Higher PAT is also on account of tax W/back
Quarter EPS is Rs. 32.4
Share is trading at 6.9x EV/EBITDA FY23
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*Birla Corporation Ltd. | CMP Rs. 1044 | M Cap Rs. 8036 Cr | 52 W H/L 1044/372*
(Nirmal Bang Retail Research)
*Result above expectation*
Revenue from Operations came at Rs. 2132.6 Cr (20% QoQ, 26.2% YoY) vs expectation of Rs. 1902 Cr, QoQ Rs. 1776.6 Cr, YoY Rs. 1690 Cr
Volume came at 4.17mnT vs QoQ 3.55mnT and YoY 3.3mnT
Realisation stood at Rs. 4833 Cr vs QoQ Rs4739 Cr, YoY Rs 4795 Cr
EBIDTA came at Rs. 392 Cr (18.9% QoQ, 13.8% YoY) vs expectation of Rs. 347.1 Cr, QoQ Rs. 329.7 Cr, YoY Rs. 344.6 Cr
EBITDA Margin came at 18.4% vs expectation of 18.2%, QoQ 18.6%, YoY 20.4%
EBIDTA/Tonne came at Rs 937 Cr vs QoQ Rs 992 Cr, YoY Rs 1045 Cr
Adj. PAT came at Rs. 249.3 Cr vs expectation of Rs. 149.6 Cr, QoQ Rs. 148.4 Cr, YoY Rs. 194.7 Cr. Higher PAT is also on account of tax W/back
Quarter EPS is Rs. 32.4
Share is trading at 6.9x EV/EBITDA FY23
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JK Tyre’s subsidiary Cavendish Industries Ltd reported Sales and EBITDA of Rs.791cr and 113cr in Q4FY21 vs Rs.788 and Rs.157 in Q3FY21 respectively. Margin decline as expected
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*Happiest Minds Technologies Ltd.* | *CMP* Rs. 793 | *M Cap* Rs. 11646 Cr | *52 W H/L* 810/286
(Nirmal Bang Retail Research)
Dollar revenue came at $ 30.2 mn vs QoQ $ 26.2 mn, YoY $ 25.6 mn
Higher growth is on account of acquisition. The organic growth QoQ was 8.9%
Company maintained 20% organic growth in median term
FY22 growth will be higher on account of acquisition in Q4
*Result has improved*
Revenue from Operations came at Rs. 220.7 Cr (14.5% QoQ, 18.4% YoY) vs QoQ Rs. 192.8 Cr, YoY Rs. 186.4 Cr
EBIDTA came at Rs. 55.8 Cr (8.9% QoQ, 156.3% YoY) vs QoQ Rs. 51.2 Cr, YoY Rs. 21.8 Cr
EBITDA Margin came at 25.3% vs QoQ 26.6%, YoY 11.7%
Margin impact is on account of salary increase total impact of Rs.9cr
Adj. PAT came at Rs. 36.1 Cr vs QoQ Rs. 42.2 Cr, YoY Rs. 16.6 Cr
Quarter EPS is Rs. 2.5
Share is trading at P/E of 78x Q4 annualised EPS
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Dollar revenue came at $ 30.2 mn vs QoQ $ 26.2 mn, YoY $ 25.6 mn
Higher growth is on account of acquisition. The organic growth QoQ was 8.9%
Company maintained 20% organic growth in median term
FY22 growth will be higher on account of acquisition in Q4
*Result has improved*
Revenue from Operations came at Rs. 220.7 Cr (14.5% QoQ, 18.4% YoY) vs QoQ Rs. 192.8 Cr, YoY Rs. 186.4 Cr
EBIDTA came at Rs. 55.8 Cr (8.9% QoQ, 156.3% YoY) vs QoQ Rs. 51.2 Cr, YoY Rs. 21.8 Cr
EBITDA Margin came at 25.3% vs QoQ 26.6%, YoY 11.7%
Margin impact is on account of salary increase total impact of Rs.9cr
Adj. PAT came at Rs. 36.1 Cr vs QoQ Rs. 42.2 Cr, YoY Rs. 16.6 Cr
Quarter EPS is Rs. 2.5
Share is trading at P/E of 78x Q4 annualised EPS
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Global market update - Stocks Slide on Inflation Data…Asian markets slips over 1% …SGX Nifty declines 1%
· U.S. stocks extended their losses Wednesday, with the Dow Jones and S&P 500 posting their steepest three-day declines in nearly seven months, after a sharp rise in consumer prices heightened concerns about inflation. Nasdaq Composite declined 2.5%. Both Dow Jones and S&P 500 declined 2% each. US 10-Year G-Sec Yield surged 6bps at 1.68%.
· The jump in prices was steeper than expected and exacerbated fears that inflation could prompt the Federal Reserve to accelerate its timeline for scaling back its easy-money policies. Near-zero rates have buoyed demand for stocks, which have hit dozens of records since the coronavirus pandemic sent them tumbling early last year.
· European stocks rose on Wednesday, led by a charge in energy shares as oil prices hit two-year highs, while strong regional earnings reports and
signs of speedy economic recovery offset concerns about a rapid rise in U.S. prices. FTSE Index gained 0.5%. Both CAC and DAX gained 0.2% each.
· Asian stocks weakened Thursday after a rise in U.S. inflation sent the S&P 500 tumbling and drove bond yields higher on concerns that price pressures could stifle the economic recovery. Nikkei, Hong Kong, South Korea and Taiwan Index slipped 1-2%.
· Gold is set to snap its longest rally since January, hurt by gains in the dollar and Treasury yields after a higher-than-expected reading on U.S. inflation. Gold slipped 1% to $1818/ounce
· Brent Crude shed 1% to below $69/bbl after a four-day gain as a key U.S. pipeline restarted, and traders assessed signs a global glut has been drained.
· SGX Nifty slipped 1%.
· US Dow Future is up 0.3% or 100 points
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· U.S. stocks extended their losses Wednesday, with the Dow Jones and S&P 500 posting their steepest three-day declines in nearly seven months, after a sharp rise in consumer prices heightened concerns about inflation. Nasdaq Composite declined 2.5%. Both Dow Jones and S&P 500 declined 2% each. US 10-Year G-Sec Yield surged 6bps at 1.68%.
· The jump in prices was steeper than expected and exacerbated fears that inflation could prompt the Federal Reserve to accelerate its timeline for scaling back its easy-money policies. Near-zero rates have buoyed demand for stocks, which have hit dozens of records since the coronavirus pandemic sent them tumbling early last year.
· European stocks rose on Wednesday, led by a charge in energy shares as oil prices hit two-year highs, while strong regional earnings reports and
signs of speedy economic recovery offset concerns about a rapid rise in U.S. prices. FTSE Index gained 0.5%. Both CAC and DAX gained 0.2% each.
· Asian stocks weakened Thursday after a rise in U.S. inflation sent the S&P 500 tumbling and drove bond yields higher on concerns that price pressures could stifle the economic recovery. Nikkei, Hong Kong, South Korea and Taiwan Index slipped 1-2%.
· Gold is set to snap its longest rally since January, hurt by gains in the dollar and Treasury yields after a higher-than-expected reading on U.S. inflation. Gold slipped 1% to $1818/ounce
· Brent Crude shed 1% to below $69/bbl after a four-day gain as a key U.S. pipeline restarted, and traders assessed signs a global glut has been drained.
· SGX Nifty slipped 1%.
· US Dow Future is up 0.3% or 100 points
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Tata Chemicals and Amara Raja in Focus
Govt approves Rs 18,000 crore PLI Scheme for Advance Chemistry Cell Battery Storage
Cabinet Approves decision
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Govt approves Rs 18,000 crore PLI Scheme for Advance Chemistry Cell Battery Storage
Cabinet Approves decision
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*Apollo Tyres Ltd.* | *CMP* Rs. 221 | *M Cap* Rs. 14036 Cr | *52 W H/L* 261/88
(Nirmal Bang Retail Research)
*Result is ahead of expectation*
Revenue from Operations came at Rs. 5025.7 Cr (-2.5% QoQ, 39.2% YoY) vs expectation of Rs. 4731.3 Cr, QoQ Rs. 5153.8 Cr, YoY Rs. 3610.1 Cr
EBIDTA came at Rs. 814.7 Cr (-17.7% QoQ, 71.5% YoY) vs expectation of Rs. 702 Cr, QoQ Rs. 989.4 Cr, YoY Rs. 475 Cr
EBITDA Margin came at 16.2% vs expectation of 14.8%, QoQ 19.2%, YoY 13.2%
Adj. PAT came at Rs. 288.5 Cr vs expectation of Rs. 227.4 Cr, QoQ Rs. 449.3 Cr, YoY Rs. 77.9 Cr
Quarter EPS is Rs. 4.5
Share is trading at P/E of 15x FY22E EPS
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*Result is ahead of expectation*
Revenue from Operations came at Rs. 5025.7 Cr (-2.5% QoQ, 39.2% YoY) vs expectation of Rs. 4731.3 Cr, QoQ Rs. 5153.8 Cr, YoY Rs. 3610.1 Cr
EBIDTA came at Rs. 814.7 Cr (-17.7% QoQ, 71.5% YoY) vs expectation of Rs. 702 Cr, QoQ Rs. 989.4 Cr, YoY Rs. 475 Cr
EBITDA Margin came at 16.2% vs expectation of 14.8%, QoQ 19.2%, YoY 13.2%
Adj. PAT came at Rs. 288.5 Cr vs expectation of Rs. 227.4 Cr, QoQ Rs. 449.3 Cr, YoY Rs. 77.9 Cr
Quarter EPS is Rs. 4.5
Share is trading at P/E of 15x FY22E EPS
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*Praj Industries in a sweet spot on rising consumption of ethanol*
Praj Industries Ltd continues seeing regular gains on the bourses. The stock has returned almost 275% in the current year-to-date.
Praj remains a well-known company engaged in the domestic distillery and brewery installation business. The company continues gaining prominence with government focus on increasing ethanol production. As the same is necessary to reduce the sugar glut, the increased usage of biofuels can reduce the dependence of the country on imports. Thus Praj, with its leadership in biofuel technology and with its continuously improving order pipeline, remains in a sweet spot,
Praj Industries Ltd continues seeing regular gains on the bourses. The stock has returned almost 275% in the current year-to-date.
Praj remains a well-known company engaged in the domestic distillery and brewery installation business. The company continues gaining prominence with government focus on increasing ethanol production. As the same is necessary to reduce the sugar glut, the increased usage of biofuels can reduce the dependence of the country on imports. Thus Praj, with its leadership in biofuel technology and with its continuously improving order pipeline, remains in a sweet spot,
The company’s Q4 performance holds testimony. Its sales grew more than 90% year-on-year (up about 18,4% sequentially). Ethanol (bioenergy) revenue that contributes about 70% to overall increased by 112.7% y-o-y to ₹397 Crore. Engineering business (including brewery) grew by 40.4% y-o-y.
The operating performance, too, remained strong. Earnings before interest, tax, depreciation, and amortization more than doubled over the year-ago quarter; it was up 44% sequentially.
Additionally, order flow remains impressive. The order intake during FY21 stood at ₹1,970 crore (26% from export and 74% from domestic). Analysts at Anand Rathi Securities said that this shows strong revenue build-up in the near term. Additionally, the recent government initiative will benefit the bioenergy segment of Praj industries and is expected to gradually improve its order inflows, they add.
Praj will continue to get benefit from the upcoming opportunities in biomobility as well as in the bio-CNG. Analysts at Phillip Capital Institutional equity Research say that the company offers a perfect blend for a circular bio-economy. Praj, with its leadership in biofuel technology, will benefit from upcoming opportunities in biomobility, bio-CNG, and RCM with the global push for the sustainable environment, they add. Management is expecting significant traction in the development of bio-CNG projects supported under Sustainable Alternative towards Affordable Transportation (SATAT).
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Praj Industries Ltd continues seeing regular gains on the bourses. The stock has returned almost 275% in the current year-to-date.
Praj remains a well-known company engaged in the domestic distillery and brewery installation business. The company continues gaining prominence with government focus on increasing ethanol production. As the same is necessary to reduce the sugar glut, the increased usage of biofuels can reduce the dependence of the country on imports. Thus Praj, with its leadership in biofuel technology and with its continuously improving order pipeline, remains in a sweet spot,
Praj Industries Ltd continues seeing regular gains on the bourses. The stock has returned almost 275% in the current year-to-date.
Praj remains a well-known company engaged in the domestic distillery and brewery installation business. The company continues gaining prominence with government focus on increasing ethanol production. As the same is necessary to reduce the sugar glut, the increased usage of biofuels can reduce the dependence of the country on imports. Thus Praj, with its leadership in biofuel technology and with its continuously improving order pipeline, remains in a sweet spot,
The company’s Q4 performance holds testimony. Its sales grew more than 90% year-on-year (up about 18,4% sequentially). Ethanol (bioenergy) revenue that contributes about 70% to overall increased by 112.7% y-o-y to ₹397 Crore. Engineering business (including brewery) grew by 40.4% y-o-y.
The operating performance, too, remained strong. Earnings before interest, tax, depreciation, and amortization more than doubled over the year-ago quarter; it was up 44% sequentially.
Additionally, order flow remains impressive. The order intake during FY21 stood at ₹1,970 crore (26% from export and 74% from domestic). Analysts at Anand Rathi Securities said that this shows strong revenue build-up in the near term. Additionally, the recent government initiative will benefit the bioenergy segment of Praj industries and is expected to gradually improve its order inflows, they add.
Praj will continue to get benefit from the upcoming opportunities in biomobility as well as in the bio-CNG. Analysts at Phillip Capital Institutional equity Research say that the company offers a perfect blend for a circular bio-economy. Praj, with its leadership in biofuel technology, will benefit from upcoming opportunities in biomobility, bio-CNG, and RCM with the global push for the sustainable environment, they add. Management is expecting significant traction in the development of bio-CNG projects supported under Sustainable Alternative towards Affordable Transportation (SATAT).
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