IGPL: Why it is potential 2x
Only 2 manufacturers of PAN in India ( DUOPOLY), Hence pricing power
PE Ratio 5xFY22EEPS Vs Industry average PE Ratio 31 Vs PE Ratio of 11 of nearest competitor
*IGPL: Quick snapshot*
TP: 1200
FY21Q4 EPS: ₹32.4 vs 9m EPS ₹28.7
FY22 estimated EPS: ₹125
₹600 crore greenfield expansion project announced by company which will *add 80,000 MTPA capacity of PAN *(currently at 2,22,110)*
₹40 crore project announced for *8,400 MTPA of advance plasticizers*
Government focus on *infrastructure spending* will lead to increase in demand for paints, plasticizers, etc
*Expecting Anti dumping duty on PAN* on Q1/Q2 which will lead to big surge in product prices. Imagine the kind of results company will then post (our estimate of FY22EEPS being conservative, we have not factored this in)
Only 2 manufacturers of PAN in India ( DUOPOLY), Hence pricing power
PE Ratio 5xFY22EEPS Vs Industry average PE Ratio 31 Vs PE Ratio of 11 of nearest competitor
*IGPL: Quick snapshot*
TP: 1200
FY21Q4 EPS: ₹32.4 vs 9m EPS ₹28.7
FY22 estimated EPS: ₹125
₹600 crore greenfield expansion project announced by company which will *add 80,000 MTPA capacity of PAN *(currently at 2,22,110)*
₹40 crore project announced for *8,400 MTPA of advance plasticizers*
Government focus on *infrastructure spending* will lead to increase in demand for paints, plasticizers, etc
*Expecting Anti dumping duty on PAN* on Q1/Q2 which will lead to big surge in product prices. Imagine the kind of results company will then post (our estimate of FY22EEPS being conservative, we have not factored this in)
Valued at USD 137 Billion, HDFC Bank has become the most valuable bank in the World., racing ahead of JP Morgan, HSBC and Citibank. The most valuable banks in the World are:
1. HDFC Bank - India
2. Wells Fargo (USA)
3. DBS Bank (USA)
4. BNP Paribas (France)
5. J P Morgan (USA)
6. Citibank (USA)
7. HSBC (U.K)
8. Barclays (UK)
9. Bank of America (USA)
10. Bank Santander (Spain)
Incidentally there is no Chinese bank in the top ten most valued banks in the World, whereas an Indian bank tops the list.
A really proud moment for all Indians and specially HDFC Bank 👏🏻👏🏻
1. HDFC Bank - India
2. Wells Fargo (USA)
3. DBS Bank (USA)
4. BNP Paribas (France)
5. J P Morgan (USA)
6. Citibank (USA)
7. HSBC (U.K)
8. Barclays (UK)
9. Bank of America (USA)
10. Bank Santander (Spain)
Incidentally there is no Chinese bank in the top ten most valued banks in the World, whereas an Indian bank tops the list.
A really proud moment for all Indians and specially HDFC Bank 👏🏻👏🏻
*Marico*
DABUR has initiated contempt proceeding in DELHI High Court for not complying with court order to change packaging of honey products,Safola honey says moneycontrol
DABUR has initiated contempt proceeding in DELHI High Court for not complying with court order to change packaging of honey products,Safola honey says moneycontrol
Tata Group Boosts E-Commerce Footprint With 1MG Acquisition
Tata Digital Ltd., a subsidiary of Tata Sons Ltd., has acquired a majority stake in digital health platform 1MG Technologies as part of its push to build an e-commerce venture in the country. “The investment in 1MG is in line with Tata Group’s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner,” the company said in a statement. E-pharmacy, e-diagnostics and tele-consultation, it said, are critical in digital ecosystem and have been among the fastest-growing segments as this enabled access to healthcare through the Covid-19 pandemic.
Tata Digital, however, didn’t disclose the investment amount. 1MG has three state-of-the-art diagnostics labs, a supply chain covering more than 20,000 pin codes across the country. And through its subsidiaries, it’s also engaged in the business-to-business distribution of medicines and other healthcare products.
The size of the overall healthcare marketplace, according to Tata Digital, is around $1 billion and is expected to grow at an annualised rate of about 50%, driven by increased health awareness among consumers and greater convenience. A couple of days ago, Tata Digital invested $75 million in fitness startup CureFit. It has also received the Competition Commission of India’s approval to acquire a majority stake in the nation’s largest online grocery platform, Big Basket.
Tata’s rival Reliance Industries Ltd., too, has made a similar but more aggressive approach to build its e-commerce business through a series of acquisitions, including, Saavn, Embibe, Grab and Fynd, among others. Reliance also forayed into the online pharmacy segment by acquiring Netmeds.
Tata Digital Ltd., a subsidiary of Tata Sons Ltd., has acquired a majority stake in digital health platform 1MG Technologies as part of its push to build an e-commerce venture in the country. “The investment in 1MG is in line with Tata Group’s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner,” the company said in a statement. E-pharmacy, e-diagnostics and tele-consultation, it said, are critical in digital ecosystem and have been among the fastest-growing segments as this enabled access to healthcare through the Covid-19 pandemic.
Tata Digital, however, didn’t disclose the investment amount. 1MG has three state-of-the-art diagnostics labs, a supply chain covering more than 20,000 pin codes across the country. And through its subsidiaries, it’s also engaged in the business-to-business distribution of medicines and other healthcare products.
The size of the overall healthcare marketplace, according to Tata Digital, is around $1 billion and is expected to grow at an annualised rate of about 50%, driven by increased health awareness among consumers and greater convenience. A couple of days ago, Tata Digital invested $75 million in fitness startup CureFit. It has also received the Competition Commission of India’s approval to acquire a majority stake in the nation’s largest online grocery platform, Big Basket.
Tata’s rival Reliance Industries Ltd., too, has made a similar but more aggressive approach to build its e-commerce business through a series of acquisitions, including, Saavn, Embibe, Grab and Fynd, among others. Reliance also forayed into the online pharmacy segment by acquiring Netmeds.
Sugar Stocks Extend Surge On Export Outlook, Ethanol Plan
Shares of sugar mills in India continued to rally, driven by an outlook for higher exports as well as the government’s move to advance a deadline on blending ethanol with gasoline.
Indian companies’ exports for the current sugar season that ends in Sept. will likely cross the target of 6m tons as lower contribution from Brazil and Thailand has resulted in a global supply deficit, Crisil wrote in a note dated June 9
Sugar companies’ operating profitability will improve 75-100 bps to 13%-14% this fiscal year, helped by higher sugar exports, the note said
Additionally, the stock of sweetener in the country is expected to decline to the lowest level in the past four sugar seasons, to 9m-9.5m tons this season, resulting in lower working capital borrowings
Shares of sugar mills in India continued to rally, driven by an outlook for higher exports as well as the government’s move to advance a deadline on blending ethanol with gasoline.
Indian companies’ exports for the current sugar season that ends in Sept. will likely cross the target of 6m tons as lower contribution from Brazil and Thailand has resulted in a global supply deficit, Crisil wrote in a note dated June 9
Sugar companies’ operating profitability will improve 75-100 bps to 13%-14% this fiscal year, helped by higher sugar exports, the note said
Additionally, the stock of sweetener in the country is expected to decline to the lowest level in the past four sugar seasons, to 9m-9.5m tons this season, resulting in lower working capital borrowings
JSW Steel May Crude Steel Production Rises 10% YoY
JSW Steel reported crude steel production for May of 1.37 million tonnes vs. 1.25 million YoY.
Flat-rolled products output rises 10% YoY to 999,000 tonnes
Long rolled products output rises 55% YoY to 309,000 tonnes
Capacity Utilisation at 91% in May
Co. supplied 30,000 tonnes of liquid oxygen for medical purposes in May vs 20,000 tonnes in April
JSW Steel reported crude steel production for May of 1.37 million tonnes vs. 1.25 million YoY.
Flat-rolled products output rises 10% YoY to 999,000 tonnes
Long rolled products output rises 55% YoY to 309,000 tonnes
Capacity Utilisation at 91% in May
Co. supplied 30,000 tonnes of liquid oxygen for medical purposes in May vs 20,000 tonnes in April
*Cera Sanitaryware Ltd.* | *CMP* Rs. 4585 | *M Cap* Rs. 5963 Cr | *52 W H/L* 4892/2100
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 438.4 Cr (38.8% QoQ, 47.2% YoY) vs expectation of Rs. 414.9 Cr, QoQ Rs. 315.8 Cr, YoY Rs. 297.8 Cr
EBIDTA came at Rs. 70.1 Cr (62.4% QoQ, 65.7% YoY) vs expectation of Rs. 56.6 Cr, QoQ Rs. 43.2 Cr, YoY Rs. 42.3 Cr
EBITDA Margin came at 16% vs expectation of 13.6%, QoQ 13.7%, YoY 14.2%
Adj. PAT came at Rs. 45.8 Cr vs expectation of Rs. 43.2 Cr, QoQ Rs. 29.9 Cr, YoY Rs. 37.2 Cr
Quarter EPS is Rs. 35.2
Share is trading at P/E of 41.3x FY22E EPS
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 438.4 Cr (38.8% QoQ, 47.2% YoY) vs expectation of Rs. 414.9 Cr, QoQ Rs. 315.8 Cr, YoY Rs. 297.8 Cr
EBIDTA came at Rs. 70.1 Cr (62.4% QoQ, 65.7% YoY) vs expectation of Rs. 56.6 Cr, QoQ Rs. 43.2 Cr, YoY Rs. 42.3 Cr
EBITDA Margin came at 16% vs expectation of 13.6%, QoQ 13.7%, YoY 14.2%
Adj. PAT came at Rs. 45.8 Cr vs expectation of Rs. 43.2 Cr, QoQ Rs. 29.9 Cr, YoY Rs. 37.2 Cr
Quarter EPS is Rs. 35.2
Share is trading at P/E of 41.3x FY22E EPS
*YES Bank*
The company board considered and approved seeking shareholders' approval for borrowing/raising funds in Indian/foreign currency up to an amount of Rs 10,000 crore by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN).
The company board considered and approved seeking shareholders' approval for borrowing/raising funds in Indian/foreign currency up to an amount of Rs 10,000 crore by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN).
#TOP10 #StocksInFocus
1- SAIL
2- BHEL/DLF/SUN TV
3- POWER GRID
4- MARKSANS PHARMA
5- SUVEN PHARMA
6- TIDEWATER
7- COSMO FILMS
8- eCLERX / LG BALKRISHNA
9- MAYUR UNI / GE T&D
10-SANGHI IND. / NFL
1- SAIL
2- BHEL/DLF/SUN TV
3- POWER GRID
4- MARKSANS PHARMA
5- SUVEN PHARMA
6- TIDEWATER
7- COSMO FILMS
8- eCLERX / LG BALKRISHNA
9- MAYUR UNI / GE T&D
10-SANGHI IND. / NFL
*Heranba Industries Ltd.* | *CMP* Rs. 789 | *M Cap* Rs. 3157 Cr | *52 W H/L* 945/602
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 267.8 Cr (-19.4% QoQ, 25.3% YoY) vs QoQ Rs. 332.5 Cr, YoY Rs. 213.7 Cr
EBIDTA came at Rs. 57.7 Cr (-10.3% QoQ, 126.6% YoY) vs QoQ Rs. 64.4 Cr, YoY Rs. 25.5 Cr
EBITDA Margin came at 21.5% vs QoQ 19.4%, YoY 11.9%
Adj. PAT came at Rs. 43.3 Cr vs QoQ Rs. 44.7 Cr, YoY Rs. 26.3 Cr
Quarter EPS is Rs. 10.8
Share is trading at P/E of 20.5x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 267.8 Cr (-19.4% QoQ, 25.3% YoY) vs QoQ Rs. 332.5 Cr, YoY Rs. 213.7 Cr
EBIDTA came at Rs. 57.7 Cr (-10.3% QoQ, 126.6% YoY) vs QoQ Rs. 64.4 Cr, YoY Rs. 25.5 Cr
EBITDA Margin came at 21.5% vs QoQ 19.4%, YoY 11.9%
Adj. PAT came at Rs. 43.3 Cr vs QoQ Rs. 44.7 Cr, YoY Rs. 26.3 Cr
Quarter EPS is Rs. 10.8
Share is trading at P/E of 20.5x TTM EPS
VAKRANGEE: BOARD MEETING ON JUNE 19 TO CONSIDER AND APPROVE THE SCHEME OF ARRANGEMENT FOR DEMERGER OF PHYSICAL VA KRANGEE KENDRA AND DIGITAL VAKRANGEE KENDRA (BHARAT EASY SUPER APP)
EVEREST KANTO CYLINDER: CO UNIT EKC INTERNATIONAL FZE ENTERED JV DEAL AGREEMENT WITH REV GAS INDUSTRIES, HUNGARY
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Disclaimer : This channel DOES NOT provide any stock market related advice or recommendation
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED !!!
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All the posts appearing in the channel are only for educational and informational purposes.
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👍1
*✅Sail - Concall Update*TODAYS CON CALL 📞
*Outlook Positive*
Average realization in June for flat is Rs.63750/T vs March realization of Rs.58355/T up by around Rs.5400 and whereas for Long it is up by Rs.4500/T. Volume got impacted in the Month of April and May Whereas in Jun it is coming back to normal. Company is targeting Volume of 18.35mnT.
Increase in Coking coal cost from $110 to $165 in last 1 month which may not have impact in near term as company has inventory but if sustained at this level than can have impact of Rs.3000/T in cost
Company is targeting Debt of Rs.25000 by the end of FY22 from current level of Rs.35350cr
Q2 is seasonally weak quarter specially for long but this time company may not see slow down
Capex for FY22 – Target given by Govt is Rs.8000cr, earlier company targeted capex of Rs.4000cr. Company expect capex of over Rs.4000 but will not be able to reach Rs.8000cr
Wage cost for FY22 is likely to be similar to FY21 at around Rs.10500cr
Company sold Iron Ore fine in FY21 - 3.2mnT for Rs.1203cr and in Q4 - 0.6mnT, FY22 Target - 13.5mn T subject of resolution of issue with Jharkhand Govt
There is talk of Export tax may be imposed by China for domestic industry, If that materializes we may see International prices again moving up.
Sail is trading at 5.7x FY23 Consensus earning👌👌
*Outlook Positive*
Average realization in June for flat is Rs.63750/T vs March realization of Rs.58355/T up by around Rs.5400 and whereas for Long it is up by Rs.4500/T. Volume got impacted in the Month of April and May Whereas in Jun it is coming back to normal. Company is targeting Volume of 18.35mnT.
Increase in Coking coal cost from $110 to $165 in last 1 month which may not have impact in near term as company has inventory but if sustained at this level than can have impact of Rs.3000/T in cost
Company is targeting Debt of Rs.25000 by the end of FY22 from current level of Rs.35350cr
Q2 is seasonally weak quarter specially for long but this time company may not see slow down
Capex for FY22 – Target given by Govt is Rs.8000cr, earlier company targeted capex of Rs.4000cr. Company expect capex of over Rs.4000 but will not be able to reach Rs.8000cr
Wage cost for FY22 is likely to be similar to FY21 at around Rs.10500cr
Company sold Iron Ore fine in FY21 - 3.2mnT for Rs.1203cr and in Q4 - 0.6mnT, FY22 Target - 13.5mn T subject of resolution of issue with Jharkhand Govt
There is talk of Export tax may be imposed by China for domestic industry, If that materializes we may see International prices again moving up.
Sail is trading at 5.7x FY23 Consensus earning👌👌
_*DHFL* ~ Takeover by *Piramals:*_
_Banks / Creditors Claims: Rs. 100,064 Crores._
_Piramals Bid: Rs. 37,250 Crores_
_Bank Write~offs: Rs. 50,000 Crores_
_Other creditors / FD holders lose Rs. 13000 Crores._
_Fixed Deposit holders to receive NOTHING._
_Equity Shareholders to be written~off._
_Stock to be delisted._
_Banks / Creditors Claims: Rs. 100,064 Crores._
_Piramals Bid: Rs. 37,250 Crores_
_Bank Write~offs: Rs. 50,000 Crores_
_Other creditors / FD holders lose Rs. 13000 Crores._
_Fixed Deposit holders to receive NOTHING._
_Equity Shareholders to be written~off._
_Stock to be delisted._
*DLF 4Q NET INCOME 4.81B RUPEES, EST. 4.63B*
*DLF 4Q REV. 17.1B RUPEES, +1.2% Y/Y
*DLF 4Q TOTAL COSTS 14.9B RUPEES, -11% Y/Y
*DLF: ASHOK TYAGI, DEVINDER SINGH REDESIGNATED AS CEOS
*DLF*
https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7438d1c-746c-449c-8a67-ed14fd081493.pdf
*DLF 4Q REV. 17.1B RUPEES, +1.2% Y/Y
*DLF 4Q TOTAL COSTS 14.9B RUPEES, -11% Y/Y
*DLF: ASHOK TYAGI, DEVINDER SINGH REDESIGNATED AS CEOS
*DLF*
https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7438d1c-746c-449c-8a67-ed14fd081493.pdf
PNB Housing Finance deal with Carlyle is under Sebi scanner
https://www.moneycontrol.com/news/business/pnb-housing-deal-with-carlyle-is-under-sebi-scanner-7021751.html
Download moneycontrol app: http://m.moneycontrol.com/mom
https://www.moneycontrol.com/news/business/pnb-housing-deal-with-carlyle-is-under-sebi-scanner-7021751.html
Download moneycontrol app: http://m.moneycontrol.com/mom
Moneycontrol
PNB Housing Finance Deal With Carlyle Is Under Sebi Scanner
A proxy advisory firm has questioned a proposed investment in the mortgage lending arm of Punjab National Bank by investors led by the American private equity firm.