*F&O BAN*
*New in Ban*-SAIL
*Still in Ban:* BHEL, CADILAHC, CANBK, PNB, SUNTV
*SBI *
Q4 And FY21 Results Boardmeet on 21-May (This Friday)
*TEXMACO RAIL*
Board Approves Raising Rs 175 Crores Via Rights Issue
*CHEVIOT COMPANY*
Q4 – YoY 🙂
Revenues Up 36% from Rs 115 Crores to Rs 157 Crores
PAT Up from Rs 3.5 Crores to Rs 25.6 Crores
Board recommends Special Dividend of Rs 175/ Share
Aggregating Rs 110 Crores
*MAX_VENTURES_AND_INDUSTRIES*
Subsidiary Max Speciality Films to invest upto Rs 50 Crores in a new CPP Line which will have a capacity of 7.2 KTPA (Kilo Tonnes Per Annum)
To be funded via Internal Accruals
*ROSSELL INDIA*
Elara India Opportunities Fund
➖ Sold 3 Lakh Shares On NSE
➖ Sold 2.15 Lakh Shares On BSE
*YAARII DIGITAL INTEGRATED SERVICES *
➕ Morgan Stanley Singapore Bought 9.5 Lakh Shares ➕ BNP Paribas Arbitrage Bought 10 Lakh Shares
➖ TMIF Holdings Sold This Chunk
CMP = Rs 91.5
Year Highs of Rs 182
*New in Ban*-SAIL
*Still in Ban:* BHEL, CADILAHC, CANBK, PNB, SUNTV
*SBI *
Q4 And FY21 Results Boardmeet on 21-May (This Friday)
*TEXMACO RAIL*
Board Approves Raising Rs 175 Crores Via Rights Issue
*CHEVIOT COMPANY*
Q4 – YoY 🙂
Revenues Up 36% from Rs 115 Crores to Rs 157 Crores
PAT Up from Rs 3.5 Crores to Rs 25.6 Crores
Board recommends Special Dividend of Rs 175/ Share
Aggregating Rs 110 Crores
*MAX_VENTURES_AND_INDUSTRIES*
Subsidiary Max Speciality Films to invest upto Rs 50 Crores in a new CPP Line which will have a capacity of 7.2 KTPA (Kilo Tonnes Per Annum)
To be funded via Internal Accruals
*ROSSELL INDIA*
Elara India Opportunities Fund
➖ Sold 3 Lakh Shares On NSE
➖ Sold 2.15 Lakh Shares On BSE
*YAARII DIGITAL INTEGRATED SERVICES *
➕ Morgan Stanley Singapore Bought 9.5 Lakh Shares ➕ BNP Paribas Arbitrage Bought 10 Lakh Shares
➖ TMIF Holdings Sold This Chunk
CMP = Rs 91.5
Year Highs of Rs 182
*SGX Nifty +82 pts (14800) from last trade 14718*
Nikkei -153 pts,
Hangseng +103 pts,
Now @6.52am.
Dow +360.68 pts ,Nsdq +304.99 pts, S&P +61.35 pts, Bovespa +1174 pts , Ftse +80 pts , Dax +216 pts , Cac +96 pts , Crude @ $65.38 brl (-0.01), Brent @ $68.68 brl (-0.03) , Gold @ 1844.40 (+6.60), Silver @ $27.47 (+0.10), Euro @ $1.2132, JPY @ $109.41 INR @ 73.295
*Today's Corporate Action*
*17th May Ex Date*
OFSS
Interim Dividend - Rs. - 200.0000
*Today's Key Results/Board Meetings*
*17-May-21*
3IINFOTECH
Audited Results
ASITCFIN
Audited Results
ATVPR
A.G.M.; Audited Results
BHARTIARTL
Audited Results
BUTTERFLY
Audited Results
COLPAL
Audited Results
CYBELEIND
General
FEDERALBNK
Final Dividend;
Audited Results
GLAND
Audited Results
GNFC
Audited Results; Dividend
GOKULAGRO
Audited Results
GRSE
Audited Results;
Final Dividend;
Quarterly Results
ICIL
Audited Results; Final Dividend
MRPL
Audited Results
NALINLEA
Audited Results
NUTRICIRCLE
Audited Results; General
ORIENTCEM
Audited Results; Final Dividend
PPL
Audited Results; Final Dividend
RBL
Audited Results; Dividend
SBECSYS
Audited Results
SHAKTIPUMP
Dividend; Quarterly Results
SPARC
Audited Results
SUBEX
Audited Results; Final Dividend
SURAJLTD
Audited Results
SVGLOBAL
General
VIKASLIFE
Rights Issue
WABCOINDIA
Audited Results; Final Dividend
*Stock under F&O ban on NSE*
*17-May-21*
1BHEL
2CADILAHC
3CANBK
4PNB
5SAIL
6SUNTV
Nikkei -153 pts,
Hangseng +103 pts,
Now @6.52am.
Dow +360.68 pts ,Nsdq +304.99 pts, S&P +61.35 pts, Bovespa +1174 pts , Ftse +80 pts , Dax +216 pts , Cac +96 pts , Crude @ $65.38 brl (-0.01), Brent @ $68.68 brl (-0.03) , Gold @ 1844.40 (+6.60), Silver @ $27.47 (+0.10), Euro @ $1.2132, JPY @ $109.41 INR @ 73.295
*Today's Corporate Action*
*17th May Ex Date*
OFSS
Interim Dividend - Rs. - 200.0000
*Today's Key Results/Board Meetings*
*17-May-21*
3IINFOTECH
Audited Results
ASITCFIN
Audited Results
ATVPR
A.G.M.; Audited Results
BHARTIARTL
Audited Results
BUTTERFLY
Audited Results
COLPAL
Audited Results
CYBELEIND
General
FEDERALBNK
Final Dividend;
Audited Results
GLAND
Audited Results
GNFC
Audited Results; Dividend
GOKULAGRO
Audited Results
GRSE
Audited Results;
Final Dividend;
Quarterly Results
ICIL
Audited Results; Final Dividend
MRPL
Audited Results
NALINLEA
Audited Results
NUTRICIRCLE
Audited Results; General
ORIENTCEM
Audited Results; Final Dividend
PPL
Audited Results; Final Dividend
RBL
Audited Results; Dividend
SBECSYS
Audited Results
SHAKTIPUMP
Dividend; Quarterly Results
SPARC
Audited Results
SUBEX
Audited Results; Final Dividend
SURAJLTD
Audited Results
SVGLOBAL
General
VIKASLIFE
Rights Issue
WABCOINDIA
Audited Results; Final Dividend
*Stock under F&O ban on NSE*
*17-May-21*
1BHEL
2CADILAHC
3CANBK
4PNB
5SAIL
6SUNTV
Money Market Update
The rupee ended at 73.28 against the U.S. dollar on Friday as compared to Wednesday's closing of 73.42.
The rupee ended at 73.28 against the U.S. dollar on Friday as compared to Wednesday's closing of 73.42.
Trading Tweaks
Ex-Date Interim Dividend: Oracle Financial Services Software
Price Band Revised From 10% To 5%: Neuland Laboratories
Price Band Revised From 20% To 10%: Chaman Lal Setia Exports
Move Into Short-Term ASM Framework: Jaiprakash Power Ventures
Move Out Of Short-Term ASM Framework: Bajaj Hindusthan Sugar, Nalwa Sons Investments
Move Into ASM Framework: Bajaj Hindusthan Sugar, Nalwa Sons Investments, Tata Steel BSL, Dalmia Bharat Sugar and Industries
Move Out Of ASM Framework: Gravita India, Linde India, Action Construction Equipment, JBM Auto, Punjab Chemicals & Crop Protection, Vertoz Advertising, Bajaj Electricals
Ex-Date Interim Dividend: Oracle Financial Services Software
Price Band Revised From 10% To 5%: Neuland Laboratories
Price Band Revised From 20% To 10%: Chaman Lal Setia Exports
Move Into Short-Term ASM Framework: Jaiprakash Power Ventures
Move Out Of Short-Term ASM Framework: Bajaj Hindusthan Sugar, Nalwa Sons Investments
Move Into ASM Framework: Bajaj Hindusthan Sugar, Nalwa Sons Investments, Tata Steel BSL, Dalmia Bharat Sugar and Industries
Move Out Of ASM Framework: Gravita India, Linde India, Action Construction Equipment, JBM Auto, Punjab Chemicals & Crop Protection, Vertoz Advertising, Bajaj Electricals
Stocks To Watch
Adani Green Energy: In advanced talks for SoftBank-backed SB Energy. The company's offer could value SB Energy at over $650 million. Adani Green is exploring a buyout of the renewable energy company through an all-stock deal. A deal could help Adani Green to reach its planned generation capacity of 25 gigawatts by 2025.
Hero MotoCorp: To restart production at three of its plants –Gurugram and Dharuhera in Haryana and at Haridwar in Uttarakhand – from today. The company had halted the plant operations temporarily in a staggered manner from April 22 to May 16.
Bata India: Has appointed Gunjan Shah as CEO and Whole-time Director with effect from June 21. Shah will replace Sandeep Kataria who has been elevated as the Global CEO of Bata Brands.
Wipro: Has appointed Tulsi Naidu as Independent Director on the board for a period of 5 years, effective July 1, subject to the approval of shareholders.
PNB: Approved closure of QIP on May 14 and issue a price of Rs 33.75 per share. The issue price is at a discount of 4.96% to the floor price of Rs 35.51 per share.
HPCL: Approved closure of buyback on May 14. The company has bought back 10.52 crore shares at a volume-weighted average price of Rs 227.76 per share for an aggregate amount of Rs 2,397 crore.
Nifty Earnings: Bharti Airtel
Non-Nifty Earnings: Colgate-Palmolive (India), 3i Infotech, Butterfly Gandhimathi Appliances, Federal Bank, Gland Pharma, Gujarat Narmada Valley Fertilizers & Chemicals, Garden Reach Shipbuilders & Engineers, Indo Count Industries, Mangalore Refinery & Petrochemicals, Orient Cement, Rane Brake Lining, Shakti Pumps (India), Sun Pharma Advanced Research Company, Subex, Wabco India, Aarti Industries
Adani Green Energy: In advanced talks for SoftBank-backed SB Energy. The company's offer could value SB Energy at over $650 million. Adani Green is exploring a buyout of the renewable energy company through an all-stock deal. A deal could help Adani Green to reach its planned generation capacity of 25 gigawatts by 2025.
Hero MotoCorp: To restart production at three of its plants –Gurugram and Dharuhera in Haryana and at Haridwar in Uttarakhand – from today. The company had halted the plant operations temporarily in a staggered manner from April 22 to May 16.
Bata India: Has appointed Gunjan Shah as CEO and Whole-time Director with effect from June 21. Shah will replace Sandeep Kataria who has been elevated as the Global CEO of Bata Brands.
Wipro: Has appointed Tulsi Naidu as Independent Director on the board for a period of 5 years, effective July 1, subject to the approval of shareholders.
PNB: Approved closure of QIP on May 14 and issue a price of Rs 33.75 per share. The issue price is at a discount of 4.96% to the floor price of Rs 35.51 per share.
HPCL: Approved closure of buyback on May 14. The company has bought back 10.52 crore shares at a volume-weighted average price of Rs 227.76 per share for an aggregate amount of Rs 2,397 crore.
Nifty Earnings: Bharti Airtel
Non-Nifty Earnings: Colgate-Palmolive (India), 3i Infotech, Butterfly Gandhimathi Appliances, Federal Bank, Gland Pharma, Gujarat Narmada Valley Fertilizers & Chemicals, Garden Reach Shipbuilders & Engineers, Indo Count Industries, Mangalore Refinery & Petrochemicals, Orient Cement, Rane Brake Lining, Shakti Pumps (India), Sun Pharma Advanced Research Company, Subex, Wabco India, Aarti Industries
Economic Times
Business Standard
Ø Cairn identifies $70 bn Indian assets for seizing to recover amount due from govt
Ø India's once-in-a-century budget runs into trouble as virus strikes back
Ø Airtel counters Jio, rolls out offers for low-income users
Ø RBI raises concerns over dual microfinance regulation in Assam
Ø SBI to sell three NPA accounts next month for recovery of over Rs 235 crore
Ø New rules for taxing MNCs' welfare expenses
Ø India's Oil demand shrinks further as coronavirus crisis persists
Ø Adani Green in advanced talks for SoftBank-backed SB Energy: Report
Ø Defaulters seek generous bailouts like Siva-IDBI Bank one-time settlement
Ø M-cap of eight most valued India companies falls Rs 1.13 trillion
Ø Hester in talks with Bharat Biotech to produce Covaxin via tech transfer
Ø Swiss Parliament panel to discuss Credit Suisse billion-dollar scandal
Business Line
Mint
Ø CBIC rolls out ‘Special GST Refund Disposal Drive’
Ø HLL Biotech may soon find suitor to produce vaccine
Ø We Founder Circle to invest up to $150,000 in 40 start-ups in FY22
Ø Over 1.3 million blue-collar jobs up for grabs in India
Ø PNB raises ₹ 1,800 crore via QIP offering
Ø Strong demand, low base boost India Inc’s earnings growth in Q4
Ø Hero MotoCorp ready to introduce products in electric segment next year
Ø AT&T is in talks to combine content assets with Discovery
Ø Amazon partners with sellers to supply oxygen concentrators to Indian customers
Ø Macrotech to double its investment in construction to ₹2,800 crore in FY22
Ø Tesla may have to hold its big hoard of Bitcoin for decades
Financial Express
Business World
Ø Economic recovery losing steam, GDP growth may be below 9% in FY22 due to 2nd COVID wave: Survey
Ø Truck rentals drop by 5-7% in past fortnight as Covid lockdowns hit production
Ø Aditya Birla Capital Posts Highest-ever Quarterly Net Profit Of Rs 375 Cr
Ø Penna Cement Files Rs 1,550-Cr IPO Papers With Sebi
Business Standard
Ø Cairn identifies $70 bn Indian assets for seizing to recover amount due from govt
Ø India's once-in-a-century budget runs into trouble as virus strikes back
Ø Airtel counters Jio, rolls out offers for low-income users
Ø RBI raises concerns over dual microfinance regulation in Assam
Ø SBI to sell three NPA accounts next month for recovery of over Rs 235 crore
Ø New rules for taxing MNCs' welfare expenses
Ø India's Oil demand shrinks further as coronavirus crisis persists
Ø Adani Green in advanced talks for SoftBank-backed SB Energy: Report
Ø Defaulters seek generous bailouts like Siva-IDBI Bank one-time settlement
Ø M-cap of eight most valued India companies falls Rs 1.13 trillion
Ø Hester in talks with Bharat Biotech to produce Covaxin via tech transfer
Ø Swiss Parliament panel to discuss Credit Suisse billion-dollar scandal
Business Line
Mint
Ø CBIC rolls out ‘Special GST Refund Disposal Drive’
Ø HLL Biotech may soon find suitor to produce vaccine
Ø We Founder Circle to invest up to $150,000 in 40 start-ups in FY22
Ø Over 1.3 million blue-collar jobs up for grabs in India
Ø PNB raises ₹ 1,800 crore via QIP offering
Ø Strong demand, low base boost India Inc’s earnings growth in Q4
Ø Hero MotoCorp ready to introduce products in electric segment next year
Ø AT&T is in talks to combine content assets with Discovery
Ø Amazon partners with sellers to supply oxygen concentrators to Indian customers
Ø Macrotech to double its investment in construction to ₹2,800 crore in FY22
Ø Tesla may have to hold its big hoard of Bitcoin for decades
Financial Express
Business World
Ø Economic recovery losing steam, GDP growth may be below 9% in FY22 due to 2nd COVID wave: Survey
Ø Truck rentals drop by 5-7% in past fortnight as Covid lockdowns hit production
Ø Aditya Birla Capital Posts Highest-ever Quarterly Net Profit Of Rs 375 Cr
Ø Penna Cement Files Rs 1,550-Cr IPO Papers With Sebi
KEERTHI: Do Not Miss. Buy before Q4
➡️Looking at blockbuster Q4 from cement Industry, Keerthi Industries can report Rs 10 EPS for Q4FY21 Vs 61 lakh Loss in Q4FY20
*Cheapest Cement Stock:* Keerthi Industries.BSE 518011
Target: ₹200+
✅Stock tdg @ 3.3xFY21 EPS. Promoter 74.92%. Zero pledge
✅ 9mFY21 EPS 19.12
Cement division operates under the brand Suvarna cements in *South India* (Cement prices & demand highest in South India). This segment comprises 90% of the revenue. With boom in cement sector (this is not pent up demand but is sustainable and will continue to grow), this is our top pick.
*Prospects:*
Promoters have acquired 😱 *150 acres land*😱 (Yes, you heard it right, 150 acres) to venture in the sugar sector.
An integrated sugar project of 3,500 TCD with 26 MW cozen power plant, 50 KLPD distillery is being set up in Karnataka and have received in principle approval and various clearances and work is *already in progress*
*Financials:*
BV: ₹87
Equity: 8Cr
Market cap: ₹73Cr
TTM turnover: ₹210Cr
Promoters holding: 74.92%
____________________________
*Q2+Q3:* YoY (FY21 vs FY20) comparison:
NP ₹15.33 cr🔥 vs (₹6.45)
EPS ₹19.12 vs (₹8.04) YoY
EBITDA ₹28.25 cr vs (₹3.16 cr)
____________________________
➡️Looking at blockbuster Q4 from cement Industry, Keerthi Industries can report Rs 10 EPS for Q4FY21 Vs 61 lakh Loss in Q4FY20
*Cheapest Cement Stock:* Keerthi Industries.BSE 518011
Target: ₹200+
✅Stock tdg @ 3.3xFY21 EPS. Promoter 74.92%. Zero pledge
✅ 9mFY21 EPS 19.12
Cement division operates under the brand Suvarna cements in *South India* (Cement prices & demand highest in South India). This segment comprises 90% of the revenue. With boom in cement sector (this is not pent up demand but is sustainable and will continue to grow), this is our top pick.
*Prospects:*
Promoters have acquired 😱 *150 acres land*😱 (Yes, you heard it right, 150 acres) to venture in the sugar sector.
An integrated sugar project of 3,500 TCD with 26 MW cozen power plant, 50 KLPD distillery is being set up in Karnataka and have received in principle approval and various clearances and work is *already in progress*
*Financials:*
BV: ₹87
Equity: 8Cr
Market cap: ₹73Cr
TTM turnover: ₹210Cr
Promoters holding: 74.92%
____________________________
*Q2+Q3:* YoY (FY21 vs FY20) comparison:
NP ₹15.33 cr🔥 vs (₹6.45)
EPS ₹19.12 vs (₹8.04) YoY
EBITDA ₹28.25 cr vs (₹3.16 cr)
____________________________
*Bank of Maharashtra* - Q4FY21 Earnings Update
*_Exemplary Performance_*
Key Highlights
▫️Net Interest Income up by 35% to 1383cr vs 1023cr YoY
▫️Net Interest Margin (NIM) improved to 3.11% as against 2.41% (+70 bps YoY)
▫️Net profit grew by 187% to Rs 165cr vs 58cr YoY
▫️Provision Coverage Ratio (PCR) improved to 90% from 84% (+600bps YoY)
▫️Cost of Funds reduced by 50bps to 3.60% vs 4.10% YoY
▫️Cost of Deposits down significantly to 3.97% vs 4.68% (Big Positive)
▫️Cost to income ratio improved by 1673 basis points to 41%
🚀Total Business at 2,81,659cr vs 2,44,955cr (+15% YoY)
🚀CASA grew to 93,945cr vs 75,475cr (+24% YoY)
🚀CASA ratio at 54% vs 50.3% (+370bps YoY)
💎GNPA at 7.23% vs 12.81% (558bps Improvement)
💎NNPA at 2.48% vs 4.77% (229bps Improvement)
💎Capital Adequacy Ratio improved to 14.5% from 13.5% (+100bps YoY)
*_At a time when most banks are reporting a deterioration in Earnings and Asset quality, Bank of Maharashtra has reported Stellar performance on every parameter_ .*
*_Performance has improved significantly and will only keep getting better with ever increasing Digital footprint for the bank_*
*_Exemplary Performance_*
Key Highlights
▫️Net Interest Income up by 35% to 1383cr vs 1023cr YoY
▫️Net Interest Margin (NIM) improved to 3.11% as against 2.41% (+70 bps YoY)
▫️Net profit grew by 187% to Rs 165cr vs 58cr YoY
▫️Provision Coverage Ratio (PCR) improved to 90% from 84% (+600bps YoY)
▫️Cost of Funds reduced by 50bps to 3.60% vs 4.10% YoY
▫️Cost of Deposits down significantly to 3.97% vs 4.68% (Big Positive)
▫️Cost to income ratio improved by 1673 basis points to 41%
🚀Total Business at 2,81,659cr vs 2,44,955cr (+15% YoY)
🚀CASA grew to 93,945cr vs 75,475cr (+24% YoY)
🚀CASA ratio at 54% vs 50.3% (+370bps YoY)
💎GNPA at 7.23% vs 12.81% (558bps Improvement)
💎NNPA at 2.48% vs 4.77% (229bps Improvement)
💎Capital Adequacy Ratio improved to 14.5% from 13.5% (+100bps YoY)
*_At a time when most banks are reporting a deterioration in Earnings and Asset quality, Bank of Maharashtra has reported Stellar performance on every parameter_ .*
*_Performance has improved significantly and will only keep getting better with ever increasing Digital footprint for the bank_*
*Simran farms: TP 150-200*
Poultry industry doing exceedingly well as evident from Q4 of Venky which has reported NP of 107 Cs Vs Loss of 97 Cr. Means Simran should also report blockbuster Q4. Due to rising demand for non-veg and expanding QSRs, poultry industry and company like SIMRAN has bright prospects
✅ Glance at Venky’s Q4FY21 (YoY comparison as QoQ not suitable for seasonal products):
*Q4FY21* *Q4FY20*
Revenue 941 661
EBITDA 111🚀 (118)
PBT 107🔥 (97)
✅Looking at above, Simran farms Q4 EPS can be easily ₹20-25 (as there should be tax write back as well due to carry forward losses)
Thus, *FY20EEPS: ₹70-75*🔥🔥
*Share trading at just 1.5 PE*😮😮
✅Lifetime high volume: 110,000 shares traded on 10th May at upper circuit. This shows superb numbers coming
Poultry industry doing exceedingly well as evident from Q4 of Venky which has reported NP of 107 Cs Vs Loss of 97 Cr. Means Simran should also report blockbuster Q4. Due to rising demand for non-veg and expanding QSRs, poultry industry and company like SIMRAN has bright prospects
✅ Glance at Venky’s Q4FY21 (YoY comparison as QoQ not suitable for seasonal products):
*Q4FY21* *Q4FY20*
Revenue 941 661
EBITDA 111🚀 (118)
PBT 107🔥 (97)
✅Looking at above, Simran farms Q4 EPS can be easily ₹20-25 (as there should be tax write back as well due to carry forward losses)
Thus, *FY20EEPS: ₹70-75*🔥🔥
*Share trading at just 1.5 PE*😮😮
✅Lifetime high volume: 110,000 shares traded on 10th May at upper circuit. This shows superb numbers coming
KESORAM INDUSTRIES: TP 150
After demerger of Tyre biz, KESORAM industries has 7.25 million ton cement capacity. Subsequent to demerger, GS has taken over entire debt under a structured deal infusing additional funds which has enabled KESORAM to achieve higher production in Q4
Q4FY21~ Company has reported revenue of 806 Cr and NP Rs 71 Cr ( before one off). EBITDA whopping 137 Cr
FY22 can report EBITDA of 500 Cr
HoS There is a possibility of KESORAM getting merged with Ultratech after 12-15 months from now ( when stock price crosses 150)
After demerger of Tyre biz, KESORAM industries has 7.25 million ton cement capacity. Subsequent to demerger, GS has taken over entire debt under a structured deal infusing additional funds which has enabled KESORAM to achieve higher production in Q4
Q4FY21~ Company has reported revenue of 806 Cr and NP Rs 71 Cr ( before one off). EBITDA whopping 137 Cr
FY22 can report EBITDA of 500 Cr
HoS There is a possibility of KESORAM getting merged with Ultratech after 12-15 months from now ( when stock price crosses 150)
Natraj proteins Ltd: MOST UNDERVALUED. HIGH CONVCTION
Target: 90
✅ Edible Oil prices have touched All Time High. If oil prices don't decline, Natraj Proteins can be even 200 in 2 years
Play out the edible oil theme with this potential mulitbagger
Stock can easily triple from here, just look at the fundamentals👇
Book value: 86 (Tdg just @0.38 book)
*Market cap just 12 Cr😵 as against Q3 sales of 46Cr (FY22E sales: 180Cr)*
Q3FY21 EPS: ₹6.9🔥🔥🔥
With edible oil prices up further in Q4 and rising demand, we estimate Q4 EPS of ₹8-10
FY22EEPS: ₹25
Considering the above factors, company can easily have market cap of ₹40-50 cr (As against currently ₹12 cr)
Target: 90
✅ Edible Oil prices have touched All Time High. If oil prices don't decline, Natraj Proteins can be even 200 in 2 years
Play out the edible oil theme with this potential mulitbagger
Stock can easily triple from here, just look at the fundamentals👇
Book value: 86 (Tdg just @0.38 book)
*Market cap just 12 Cr😵 as against Q3 sales of 46Cr (FY22E sales: 180Cr)*
Q3FY21 EPS: ₹6.9🔥🔥🔥
With edible oil prices up further in Q4 and rising demand, we estimate Q4 EPS of ₹8-10
FY22EEPS: ₹25
Considering the above factors, company can easily have market cap of ₹40-50 cr (As against currently ₹12 cr)
GM jsk stock in news drl, apollohos,zensar,lnt, balkrishan ins, Bombay Burma,chevlot,jsk,vimta,texrailsaintgob,kesoram,federalbk,shreecem,Hindalco,rossari,jayantagro,welsupn entp. Negative stocks Justdial Nifty range 14650-14880.
GM jsk stock in news drl, apollohos,zensar,lnt, balkrishan ins, Bombay Burma,chevlot,jsk,vimta,texrailsaintgob,kesoram,federalbk,shreecem,Hindalco,rossari,jayantagro,welsupn entp. Negative stocks Justdial Nifty range 14650-14880.
SAGARSOFT (India) Ltd: CMP: ₹118
TP: Rs 140/175
➡️Sagar Cement group co
Post preferential issue, stock can spurt like Ashapura Minechem (70 to 170)
✅ Declared ₹2.5 dividend
✅ Q4 EBITDA ₹2.81cr vs ₹1.34cr YoY
✅ Q4 PAT ₹1.40cr va ₹0.40cr YoY
✅ FY21 EPS ₹9.62 vs FY20EPS of ₹4.21
✅ Acquisiton of 100% stake in US based company: IT CATS LLC. The company provides the following technology related services:
• Seb solutions
• Mobile solutions
• Analytics
• Consulting
✅With this acquisition, company on path of expansion. Revenue to be 3x
✅ Prefential allotment of equity shares/ convertible warrants to promoter ( Stake increase Big Positive)
TP: Rs 140/175
➡️Sagar Cement group co
Post preferential issue, stock can spurt like Ashapura Minechem (70 to 170)
✅ Declared ₹2.5 dividend
✅ Q4 EBITDA ₹2.81cr vs ₹1.34cr YoY
✅ Q4 PAT ₹1.40cr va ₹0.40cr YoY
✅ FY21 EPS ₹9.62 vs FY20EPS of ₹4.21
✅ Acquisiton of 100% stake in US based company: IT CATS LLC. The company provides the following technology related services:
• Seb solutions
• Mobile solutions
• Analytics
• Consulting
✅With this acquisition, company on path of expansion. Revenue to be 3x
✅ Prefential allotment of equity shares/ convertible warrants to promoter ( Stake increase Big Positive)
*Aditya Birla Capital Ltd. - C* | *CMP* Rs. 121 | *M Cap* Rs. 29297 Cr |
*Result has improved*
➡️Q4 PAT up by 162% YoY. Once Birla Sun Life IPO hits market, AB Capital TP Rs 160
_Segment Revenue_
NBFC revenue came at Rs. 1379.4 Cr vs YoY Rs. 1502.3 Cr, QoQ Rs. 1333.2 Cr
Life insurance revenue came at Rs. 3244.3 Cr vs YoY Rs. 2539.4 Cr, QoQ Rs. 2824.8 Cr
Asset Management revenue came at Rs. 331.4 Cr vs YoY Rs. 277.5 Cr, QoQ Rs. 321.1 Cr
General insurance Broking revenue came at Rs. 164.6 Cr vs YoY Rs. 114.9 Cr, QoQ Rs. 185.3 Cr
Money Broking revenue came at Rs. 49.4 Cr vs YoY Rs. 45.7 Cr, QoQ Rs. 49.2 Cr
Health insurance revenue came at Rs. 424.7 Cr vs YoY Rs. 296 Cr, QoQ Rs. 287.5 Cr
Other Financial Services revenue came at Rs. 30 Cr vs YoY Rs. 31.5 Cr, QoQ Rs. 36 Cr
Total Income came at Rs. 5929.2 Cr vs YoY Rs. 5138.1 Cr, QoQ Rs. 5362.8 Cr
PBT came at Rs. 500.4 Cr vs YoY Rs. 138.6 Cr, QoQ Rs. 401.1 Cr
PAT came at Rs. 375.2 Cr vs YoY Rs. 143.7 Cr, QoQ Rs. 288.7 Cr
AMC AUM's came at Rs. 262875 Cr vs YoY Rs. 245677.6 Cr, QoQ Rs. 255458 Cr
AMC market share declined slightly to 9.2% from QoQ 9.35%
Individual Life Insurance market share was constant QoQ at 4.5%
*Result has improved*
➡️Q4 PAT up by 162% YoY. Once Birla Sun Life IPO hits market, AB Capital TP Rs 160
_Segment Revenue_
NBFC revenue came at Rs. 1379.4 Cr vs YoY Rs. 1502.3 Cr, QoQ Rs. 1333.2 Cr
Life insurance revenue came at Rs. 3244.3 Cr vs YoY Rs. 2539.4 Cr, QoQ Rs. 2824.8 Cr
Asset Management revenue came at Rs. 331.4 Cr vs YoY Rs. 277.5 Cr, QoQ Rs. 321.1 Cr
General insurance Broking revenue came at Rs. 164.6 Cr vs YoY Rs. 114.9 Cr, QoQ Rs. 185.3 Cr
Money Broking revenue came at Rs. 49.4 Cr vs YoY Rs. 45.7 Cr, QoQ Rs. 49.2 Cr
Health insurance revenue came at Rs. 424.7 Cr vs YoY Rs. 296 Cr, QoQ Rs. 287.5 Cr
Other Financial Services revenue came at Rs. 30 Cr vs YoY Rs. 31.5 Cr, QoQ Rs. 36 Cr
Total Income came at Rs. 5929.2 Cr vs YoY Rs. 5138.1 Cr, QoQ Rs. 5362.8 Cr
PBT came at Rs. 500.4 Cr vs YoY Rs. 138.6 Cr, QoQ Rs. 401.1 Cr
PAT came at Rs. 375.2 Cr vs YoY Rs. 143.7 Cr, QoQ Rs. 288.7 Cr
AMC AUM's came at Rs. 262875 Cr vs YoY Rs. 245677.6 Cr, QoQ Rs. 255458 Cr
AMC market share declined slightly to 9.2% from QoQ 9.35%
Individual Life Insurance market share was constant QoQ at 4.5%
NAHAR SPG: Intrinsic Value/Potential
TP: ₹ 190
🌈 Five Lakh Spindles, 12.5 million Garment capacity, 4.5 TPD process house. New plant with same capacity will entail 2700 Cr capex
🌈 Sales 2327 Cr, Ebidta 243 Cr EPS Rs 18.22 Cash EPS Rs 41.41 in FY19
🌈 Q3FY21Ebidta 64Cr vs 9 Cr Ebidta Loss Q3FY20
🌈 Q4FY21E ebidta 85 Cr Vs 15 Cr Ebidta Loss Q4FY20
🌈 Although cotton yarn prices currently 30% up, as conservative working even if we take 20% rise,
✈️ FY22E Ebidta 300 Cr PBT 170 Cr PAT 120 Cr. EPS Rs. ₹33.5 Cash EPS Rs ₹55.9
Possible that Nahar Spinning can surpass it's previous high of 190.
Important: New Spinning mill cost Rs 50000/spindle. Hence, well established big mills like Nahar Spinning will continue to have big advantage of Head start
Personal due diligence advised. TP subject to mkt conditions
TP: ₹ 190
🌈 Five Lakh Spindles, 12.5 million Garment capacity, 4.5 TPD process house. New plant with same capacity will entail 2700 Cr capex
🌈 Sales 2327 Cr, Ebidta 243 Cr EPS Rs 18.22 Cash EPS Rs 41.41 in FY19
🌈 Q3FY21Ebidta 64Cr vs 9 Cr Ebidta Loss Q3FY20
🌈 Q4FY21E ebidta 85 Cr Vs 15 Cr Ebidta Loss Q4FY20
🌈 Although cotton yarn prices currently 30% up, as conservative working even if we take 20% rise,
✈️ FY22E Ebidta 300 Cr PBT 170 Cr PAT 120 Cr. EPS Rs. ₹33.5 Cash EPS Rs ₹55.9
Possible that Nahar Spinning can surpass it's previous high of 190.
Important: New Spinning mill cost Rs 50000/spindle. Hence, well established big mills like Nahar Spinning will continue to have big advantage of Head start
Personal due diligence advised. TP subject to mkt conditions