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*Igarashi Motors India Ltd.* | *CMP* Rs. 480 | *M Cap* Rs. 1512 Cr | *52 W H/L* 529/202
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 168.6 Cr (0.1% QoQ, 42.7% YoY) vs QoQ Rs. 168.4 Cr, YoY Rs. 118.1 Cr
EBIDTA came at Rs. 26.7 Cr (-4.5% QoQ, 101% YoY) vs QoQ Rs. 27.9 Cr, YoY Rs. 13.3 Cr
EBITDA Margin came at 15.8% vs QoQ 16.6%, YoY 11.2%
Adj. PAT came at Rs. 11 Cr vs QoQ Rs. 13.4 Cr, YoY Rs. 2.2 Cr
Quarter EPS is Rs. 3.5
Share is trading at P/E of 59x TTM EPS
*Ramco Systems Ltd.* | *CMP* Rs. 571 | *M Cap* Rs. 1753 Cr | *52 W H/L* 785/64
(Nirmal Bang Retail Research)
Dollar revenue came at $ 20.6 mn vs QoQ $ 23.2 mn, YoY $ 19 mn
*Result has declined*
Revenue from Operations came at Rs. 149.8 Cr (-12.6% QoQ, 12.7% YoY) vs QoQ Rs. 171.4 Cr, YoY Rs. 132.9 Cr
EBIDTA came at Rs. 30.3 Cr (-41.9% QoQ, 61.8% YoY) vs QoQ Rs. 52.2 Cr, YoY Rs. 18.7 Cr
EBITDA Margin came at 20.2% vs QoQ 30.4%, YoY 14.1%
Adj. PAT came at Rs. 7.4 Cr vs QoQ Rs. 17.9 Cr, YoY Rs. -5.9 Cr
Quarter EPS is Rs. 2.4
Share is trading at P/E of 31.4x TTM EPS
*Newgen Software Technologies Ltd.* | *CMP* Rs. 367 | *M Cap* Rs. 2569 Cr | *52 W H/L* 367/133
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 200 Cr (7.8% QoQ, 4.8% YoY) vs QoQ Rs. 185.5 Cr, YoY Rs. 190.8 Cr
EBIDTA came at Rs. 66.4 Cr (-3.6% QoQ, 27.8% YoY) vs QoQ Rs. 68.8 Cr, YoY Rs. 51.9 Cr
EBITDA Margin came at 33.2% vs QoQ 37.1%, YoY 27.2%
Adj. PAT came at Rs. 52.7 Cr vs QoQ Rs. 35.4 Cr, YoY Rs. 41.5 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 19.7x FY22E EPS
*La Opala RG Ltd.* | *CMP* Rs. 269 | *M Cap* Rs. 2986 Cr | *52 W H/L* 269/146
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 80.4 Cr (2.5% QoQ, 25.9% YoY) vs QoQ Rs. 78.4 Cr, YoY Rs. 63.8 Cr
EBIDTA came at Rs. 27.4 Cr (-12.3% QoQ, 43.1% YoY) vs QoQ Rs. 31.2 Cr, YoY Rs. 19.1 Cr
EBITDA Margin came at 34.1% vs QoQ 39.9%, YoY 30%
Adj. PAT came at Rs. 19.9 Cr vs QoQ Rs. 25.3 Cr, YoY Rs. 13.7 Cr
Quarter EPS is Rs. 1.8
Share is trading at P/E of 60.2x TTM EPS
*Bajaj Electricals Ltd.* | *CMP* Rs. 1145 | *M Cap* Rs. 13110 Cr | *52 W H/L* 1225/349
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 1254.5 Cr (-16.2% QoQ, -3.5% YoY) vs expectation of Rs. 1462.2 Cr, QoQ Rs. 1496.7 Cr, YoY Rs. 1299.6 Cr
EBIDTA came at Rs. 71.7 Cr (-51.4% QoQ, 114.2% YoY) vs expectation of Rs. 112.1 Cr, QoQ Rs. 147.5 Cr, YoY Rs. 33.5 Cr
EBITDA Margin came at 5.7% vs expectation of 7.7%, QoQ 9.9%, YoY 2.6%
Adj. PAT came at Rs. 59 Cr vs expectation of Rs. 66.8 Cr, QoQ Rs. 100.8 Cr, YoY Rs. 0 Cr
Quarter EPS is Rs. 5.2
Share is trading at P/E of 43.5x FY22E EPS
*Johnson Controls - Hitachi Air Conditioning India Ltd.* | *CMP* Rs. 2337 | *M Cap* Rs. 6357 Cr | *52 W H/L* 2940/1980
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 579.4 Cr (18.8% QoQ, 33.8% YoY) vs QoQ Rs. 487.5 Cr, YoY Rs. 432.9 Cr
EBIDTA came at Rs. 77.4 Cr (14.9% QoQ, 184.7% YoY) vs QoQ Rs. 67.3 Cr, YoY Rs. 27.2 Cr
EBITDA Margin came at 13.4% vs QoQ 13.8%, YoY 6.3%
Adj. PAT came at Rs. 44.4 Cr vs QoQ Rs. 30.8 Cr, YoY Rs. 7.9 Cr
Quarter EPS is Rs. 16.3
Share is trading at P/E of 244.6x TTM EPS
*Alkem Laboratories Ltd.* | *CMP* Rs. 3011 | *M Cap* Rs. 36012 Cr | *52 W H/L* 3152/2222
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 2192.2 Cr (-5.4% QoQ, 7% YoY) vs expectation of Rs. 2221.8 Cr, QoQ Rs. 2318.1 Cr, YoY Rs. 2049 Cr
EBIDTA came at Rs. 291.1 Cr (-45% QoQ, -3.9% YoY) vs expectation of Rs. 396.1 Cr, QoQ Rs. 529.1 Cr, YoY Rs. 303 Cr
EBITDA Margin came at 13.3% vs expectation of 17.8%, QoQ 22.8%, YoY 14.8%
Adj. PAT came at Rs. 249.2 Cr vs expectation of Rs. 285.3 Cr, QoQ Rs. 451 Cr, YoY Rs. 188.8 Cr
Quarter EPS is Rs. 20.8
Share is trading at P/E of 22.6x FY22E EPS
*Emami Ltd.* | *CMP* Rs. 508 | *M Cap* Rs. 22581 Cr | *52 W H/L* 547/184
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 730.8 Cr (-21.7% QoQ, 37.2% YoY) vs expectation of Rs. 705.2 Cr, QoQ Rs. 933.6 Cr, YoY Rs. 532.7 Cr
EBIDTA came at Rs. 162.8 Cr (-52.1% QoQ, 65.2% YoY) vs expectation of Rs. 191.6 Cr, QoQ Rs. 340.2 Cr, YoY Rs. 98.5 Cr
EBITDA Margin came at 22.3% vs expectation of 27.2%, QoQ 36.4%, YoY 18.5%
Adj. PAT came at Rs. 87.7 Cr vs expectation of Rs. 107.8 Cr, QoQ Rs. 209 Cr, YoY Rs. 30.8 Cr
Quarter EPS is Rs. 2
Share is trading at P/E of 33.9x FY22E EPS
SUBEX: CO UNIT SUBEX INC RECEIVED WAIVER FOR AN AMOUNT OF US$ 799,167 ALONG WITH INTEREST OF US$ 8,302.46 RECEIVED AS BUSINESS LOAN UNDER PAYCHECK PROTECTION PROGRAM FROM THE UNITED STATES FEDERAL GOVERNMENT
*Vardhman Textiles Ltd.* | *CMP* Rs. 1356 | *M Cap* Rs. 7811 Cr | *52 W H/L* 1375/620
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1947.1 Cr (11.3% QoQ, 22% YoY) vs QoQ Rs. 1750.1 Cr, YoY Rs. 1595.8 Cr
EBIDTA came at Rs. 405.8 Cr (46.6% QoQ, 80.2% YoY) vs QoQ Rs. 276.7 Cr, YoY Rs. 225.1 Cr
EBITDA Margin came at 20.8% vs QoQ 15.8%, YoY 14.1%
Adj. PAT came at Rs. 243.5 Cr vs QoQ Rs. 170.5 Cr, YoY Rs. 145.7 Cr
Quarter EPS is Rs. 42.3
Share is trading at P/E of 9.8x FY22E EPS
*Valiant Organics Ltd.* | *CMP* Rs. 1640 | *M Cap* Rs. 4461 Cr | *52 W H/L* 1991/626
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 234 Cr (13.3% QoQ, 45.7% YoY) vs QoQ Rs. 206.6 Cr, YoY Rs. 160.6 Cr
EBIDTA came at Rs. 58.4 Cr (13.3% QoQ, 54.4% YoY) vs QoQ Rs. 51.5 Cr, YoY Rs. 37.8 Cr
EBITDA Margin came at 24.9% vs QoQ 24.9%, YoY 23.5%
Adj. PAT came at Rs. 27.6 Cr vs QoQ Rs. 31.6 Cr, YoY Rs. 21.9 Cr
Quarter EPS is Rs. 10.1
Share is trading at P/E of 49.6x TTM EPS
*TTK Prestige Ltd.* | *CMP* Rs. 7700 | *M Cap* Rs. 10703 Cr | *52 W H/L* 8080/4610
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 598 Cr (-17.6% QoQ, 43% YoY) vs QoQ Rs. 725.6 Cr, YoY Rs. 418.2 Cr
EBIDTA came at Rs. 107.6 Cr (-12.6% QoQ, 190.9% YoY) vs QoQ Rs. 123.1 Cr, YoY Rs. 37 Cr
EBITDA Margin came at 18% vs QoQ 17%, YoY 8.8%
Adj. PAT came at Rs. 73.5 Cr vs QoQ Rs. 83.8 Cr, YoY Rs. 20.3 Cr
Quarter EPS is Rs. 52.8
Share is trading at P/E of 39.3x FY22E EPS
*Lincoln Pharmaceuticals Ltd.* | *CMP* Rs. 323 | *M Cap* Rs. 646 Cr | *52 W H/L* 338/150
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 79.6 Cr (-30.6% QoQ, 1.4% YoY) vs QoQ Rs. 114.7 Cr, YoY Rs. 78.5 Cr
EBIDTA came at Rs. 15.2 Cr (-23.8% QoQ, 76.9% YoY) vs QoQ Rs. 20 Cr, YoY Rs. 8.6 Cr
EBITDA Margin came at 19.2% vs QoQ 17.4%, YoY 11%
Adj. PAT came at Rs. 12.6 Cr vs QoQ Rs. 13.5 Cr, YoY Rs. 8.9 Cr
Quarter EPS is Rs. 6.3
Share is trading at P/E of 10.4x TTM EPS
*Indoco Remedies Ltd.* | *CMP* Rs. 362 | *M Cap* Rs. 3338 Cr | *52 W H/L* 378/190
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 305.1 Cr (-8.2% QoQ, 12.2% YoY) vs expectation of Rs. 324.8 Cr, QoQ Rs. 332.3 Cr, YoY Rs. 272 Cr
EBIDTA came at Rs. 54.7 Cr (-9.1% QoQ, 64.4% YoY) vs expectation of Rs. 54.5 Cr, QoQ Rs. 60.2 Cr, YoY Rs. 33.3 Cr
EBITDA Margin came at 17.9% vs expectation of 16.8%, QoQ 18.1%, YoY 12.2%
Adj. PAT came at Rs. 25 Cr vs expectation of Rs. 24.3 Cr, QoQ Rs. 25.4 Cr, YoY Rs. 5.4 Cr
Quarter EPS is Rs. 2.7
Share is trading at P/E of 35.9x TTM EPS
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BULK DEAL IN AMARRAJA OF 2.19 CRORE @ 747 IN NSE
CMP 745 -5