*NMDC Ltd.* | *CMP* Rs. 185 | *M Cap* Rs. 54333 Cr | *52 W H/L* 213/76
(Nirmal Bang Retail Research)
*Result marginally ahead of expectations*
Revenue from Operations came at Rs. 6847.6 Cr (57.2% QoQ, 114.8% YoY) vs expectation of Rs. 6013.8 Cr, QoQ Rs. 4355.1 Cr, YoY Rs. 3187.3 Cr
Iron Ore production came at 12.31 mnt vs QoQ 9.6 mnt, YoY 9.47 mnt
Iron Ore sales came at 11.09 mnt vs QoQ 9.28 mnt, YoY 8.62 mnt
Realisation stood at Rs. 6174 Cr vs QoQ Rs. 4691 Cr, YoY Rs. 3698 Cr
EBIDTA came at Rs. 4240.3 Cr (53.3% QoQ, 185% YoY) vs expectation of Rs. 3951.4 Cr, QoQ Rs. 2766.8 Cr, YoY Rs. 1487.7 Cr
EBITDA Margin came at 61.9% vs expectation of 65.7%, QoQ 63.5%, YoY 46.7%
EBITDA per tonne stood at Rs. 3823.19 Cr vs QoQ Rs. 2982.08 Cr, YoY Rs. 1731 Cr
Adj. PAT came at Rs. 2835.5 Cr vs expectation of Rs. 2973.7 Cr, QoQ Rs. 2157.8 Cr, YoY Rs. 411.8 Cr
Quarter EPS is Rs. 9.7
Share is trading at EV/EBITDA of 5.9x FY22E EBITDA

Sastasunder Ventures Ltd Quaterly results :-

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.133.75 crores during the period ended March 31, 2021 as compared to Rs.116.63 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(6.04) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.(9.74) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.(1.90) for the period ended March 31, 2021 as compared to Rs.(3.06) for the period ended March 31, 2020.

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.551.62 crores during the 12 months period ended March 31, 2021 as compared to Rs.388.55 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(10.40) crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.(38.79) crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.(3.27) for the 12 months period ended March 31, 2021 as compared to Rs.(12.20) for the 12 months period ended March 31, 2020

https://telanganatoday.com/overseas-participants-on-indian-power-exchanges-to-rise-soon/amp

👆IEX

Cross border electricty trade can get big with addition of countries like Bhutan, Bangladesh and Srilanka.

Wabco India OFS Announced

Non-retail date - 23 June
Retail bid date - 24 June

Floor Price - 6,550
Today's close - 6,963

Base OFS Size : 5,00,000 Shares
Greenshoe : 1,50,000 shares
Total OFS Size : 6,50,000 shares

Retail Reservation - 10% of OFS
Retail Discount - NIL

Government issues RFPs to hire legal and transaction advisors for IDBI stake sale

https://www.moneycontrol.com/news/business/economy/govt-issues-rfps-to-hire-legal-and-transaction-advisors-for-idbi-stake-sale-7072251.html

Download moneycontrol app: http://m.moneycontrol.com/mom

SUBEX: SUBEX SECURE AND SPIRE SOLUTIONS ANNOUNCE STRATEGIC PARTNERSHIP AND WIN A PROJECT TO SECURE A LEADING OIL AND GAS COMPANY IN THE MIDDLE EAST

*HFCL - 5G Opportunity*

Leading manufacturer of optical fiber cables, optical transport, power electronics, and broadband equipment for the telecommunication industry

Wide Industries Served: Telecom, Defence, Railways, Security and Surveillance

8 Year Revenue CAGR: 25%

8 Year PAT CAGR: 20%

FY21 ROCE: 19.80%

D/E: 0.48x

R&D facilities at Bengaluru and Gurugram

Key Customers: Jio, BSNL, Tata, Airtel

Exporting to 30+ countries


Telecom Segment:

Co looking to tap the ₹1-lakh crore 5G market opportunity in India, and exports to West Asia, South-East Asia and Europe

One of the largest telecom project service provider for Reliance Jio and is currently engaged in rolling out of 4G OFC Network



FTTX Network: Deployed a Fiber-to-home network connecting approx. 3.5mn home customers in 207 cities

Intending to be the radio solution provider for the roll-out of 5G networks, with pre-validated software for operator-specific deployments and for 0 touch operations


#HFCL (5/n)
Planning to build 5G RAN products such as Macro RU, 5G Indoor Small Cell and 5G Outdoor Small Cell and 5G Transport products such as Fronthaul Gateway, Cell Site Router, and Aggregation Routers

Will be participating in the govt’s PLI schemes for the telecom sector.


#HFCL(6/n)
Optic Fibre Segment:

HFCL is planning to expand its fiber capacity by 25% to 10 million fiber km per annum (fkm/pa) from 8 million fkm/pa at its Hyderabad plant by the end of this fiscal year.

Also ramping up OFC capacity by 22% to 22.5 million fkm/pa by Dec'21


#HFCL(7/n)
The company’s FTTH production capacity would also be hiked by 20% to 7.2-lakh cable km/pa by Sep'21

FTTH connections estimated to grow from the current 4mn to nearly 50mn by 2024

Continued Government investments in high-capacity networks to aid mass scale OFC demand



Defence:
HFCL manufactures Electro-Optical Devices and Electronic Fuses for all types of artillery ammunition

It is the only Indian company to have developed the electronic fuses for artillery ammunition with its own IPRs; participated in a bid for supply of 5Mn fuses



India's defense electronics market is expected to grow to $70 billion in the next 5 years.

Govt. target to reduce imports from 65% to 30% to provide massive opportunities for Indian manufacturers

Defence Min. has set a target of 70% self-reliance in weaponry by 2027



Railway:
Currently implementing telecom networks for three greenfield domestic railway freight corridor projects awarded by L&T and Alstom

Also executing two overseas projects of setting up telecommunication systems for Mauritius Metro and Dhaka Metro Rail



Implementing telecommunications systems for the recently won contract of Kanpur and Agra-Metro projects

Railways have announced major plans to overhaul the signaling system by spending about Rs 850 bn over the next 5-6 years & has invited private sector participation



Security & Surveillance Segment:

HFCL provides customized and diversified solutions spanning across hardware and software, in line with “MAKE IN INDIA” initiative

Focused on Border and Perimeter Security, Smart City Solutions, City Surveillance, Traffic Enforcement


Projects under execution:

Defence-CCTV Surveillance, access system, Fire detection at 300+ location of Indian Army

RailTel Corp. of India Ltd. 25,000 VMS at ~600 Railway locations.

>Increased push from governments and law enforcement agencies continues to drive..


..growth for surveillance infrastructure

Perimeter intrusion detection & prevention systems market is estimated to reach ~USD 339 million by 2023, and grow at 10.58% CAGR

Fresh allocation of ₹2,919 crore under Nirbhaya Fund for Safe Cities program.


FY21 Performance and Key Highlights:

Total Income INR 44,591 Mn - 15.5 % YoY
EBITDA INR 5,857 Mn - 13.5 % YoY
PAT INR 2,463 Mn - 3.8 % YoY
Diluted EPS 1.87 INR - 6.3 % YoY

20% of the Promoters Holding was released from pledge


>Established a new 5G business unit to develop a rich portfolio of next-generation 5G compatible products & services

HFCL - 5G Opportunity

Leading manufacturer of optical fiber cables, optical transport, power electronics, and broadband equipment for the telecommunication industry

Wide Industries Served: Telecom, Defence, Railways, Security and Surveillance

8 Year Revenue CAGR: 25%

8 Year PAT CAGR: 20%

FY21 ROCE: 19.80%

D/E: 0.48x

R&D facilities at Bengaluru and Gurugram

Key Customers: Jio, BSNL, Tata, Airtel

Exporting to 30+ countries


Telecom Segment:

Co looking to tap the ₹1-lakh crore 5G market opportunity in India, and exports to West Asia, South-East Asia and Europe

One of the largest telecom project service provider for Reliance Jio and is currently engaged in rolling out of 4G OFC Network



FTTX Network: Deployed a Fiber-to-home network connecting approx. 3.5mn home customers in 207 cities

Intending to be the radio solution provider for the roll-out of 5G networks, with pre-validated software for operator-specific deployments and for 0 touch operations


#HFCL (5/n)
Planning to build 5G RAN products such as Macro RU, 5G Indoor Small Cell and 5G Outdoor Small Cell and 5G Transport products such as Fronthaul Gateway, Cell Site Router, and Aggregation Routers

Will be participating in the govt’s PLI schemes for the telecom sector.


#HFCL(6/n)
Optic Fibre Segment:

HFCL is planning to expand its fiber capacity by 25% to 10 million fiber km per annum (fkm/pa) from 8 million fkm/pa at its Hyderabad plant by the end of this fiscal year.

Also ramping up OFC capacity by 22% to 22.5 million fkm/pa by Dec'21


#HFCL(7/n)
The company’s FTTH production capacity would also be hiked by 20% to 7.2-lakh cable km/pa by Sep'21

FTTH connections estimated to grow from the current 4mn to nearly 50mn by 2024

Continued Government investments in high-capacity networks to aid mass scale OFC demand



Defence:
HFCL manufactures Electro-Optical Devices and Electronic Fuses for all types of artillery ammunition

It is the only Indian company to have developed the electronic fuses for artillery ammunition with its own IPRs; participated in a bid for supply of 5Mn fuses



India's defense electronics market is expected to grow to $70 billion in the next 5 years.

Govt. target to reduce imports from 65% to 30% to provide massive opportunities for Indian manufacturers

Defence Min. has set a target of 70% self-reliance in weaponry by 2027



Railway:
Currently implementing telecom networks for three greenfield domestic railway freight corridor projects awarded by L&T and Alstom

Also executing two overseas projects of setting up telecommunication systems for Mauritius Metro and Dhaka Metro Rail



Implementing telecommunications systems for the recently won contract of Kanpur and Agra-Metro projects

Railways have announced major plans to overhaul the signaling system by spending about Rs 850 bn over the next 5-6 years & has invited private sector participation



Security & Surveillance Segment:

HFCL provides customized and diversified solutions spanning across hardware and software, in line with “MAKE IN INDIA” initiative

Focused on Border and Perimeter Security, Smart City Solutions, City Surveillance, Traffic Enforcement


Projects under execution:

Defence-CCTV Surveillance, access system, Fire detection at 300+ location of Indian Army

RailTel Corp. of India Ltd. 25,000 VMS at ~600 Railway locations.

>Increased push from governments and law enforcement agencies continues to drive..


..growth for surveillance infrastructure

Perimeter intrusion detection & prevention systems market is estimated to reach ~USD 339 million by 2023, and grow at 10.58% CAGR

Fresh allocation of ₹2,919 crore under Nirbhaya Fund for Safe Cities program.


FY21 Performance and Key Highlights:

Total Income INR 44,591 Mn - 15.5 % YoY
EBITDA INR 5,857 Mn - 13.5 % YoY
PAT INR 2,463 Mn - 3.8 % YoY
Diluted EPS 1.87 INR - 6.3 % YoY

20% of the Promoters Holding was released from pledge


>Established a new 5G business unit to develop a rich portfolio of next-generation 5G compatible products & services

*China to Sell 20,000 Tons of Copper From State Reserves July 5-6*
China will also sell 30,000 tons of zinc and 50,000 tons of aluminum from state reserves in the first batch of release, according to statements from National Food and Strategic Reserves Administration. Open auction of the metals will be held July 5-6. (Bloomberg)


Very small qty as compared to wht market was forecasting.

Positive for metals

*RANA SUGARS LTD.* | *CMP* Rs. 22 | *M Cap* Rs. 330 Cr | *52 W H/L* 24/4
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 513.2 Cr (76.5% QoQ, -1.5% YoY) vs QoQ Rs. 290.8 Cr, YoY Rs. 520.7 Cr
EBIDTA came at Rs. 88.3 Cr (216.8% QoQ, 293.4% YoY) vs QoQ Rs. 27.9 Cr, YoY Rs. 22.4 Cr
EBITDA Margin came at 17.2% vs QoQ 9.6%, YoY 4.3%
Adj. PAT came at Rs. 73.2 Cr vs QoQ Rs. 20.3 Cr, YoY Rs. 30.5 Cr
Quarter EPS is Rs. 4.8
Share is trading at P/E of 3.8x TTM EPS

Securities in Ban For Trade Date 23-June-2021:

IDEA
SUNTV

*Added No*
*Deleted No*

*BEL Q4* : Net Profit Up 30 % to Rs 1353 cr (YOY)

Revenue Up 18 % To Rs 6757 cr

Recommend Rs 1.2 as final dividend

Indian hotel, AB Fashion, Metropolis and Coromandel International will come in F&O from Friday. Historically, we have seen that pre fno inclusion, there is buying in such stocks. Keep on radar for next few days.

Bharti Airtel, TCS announce collaboration to build 5G networks in India

 

·         Bharti Airtel and Tata Group today announced a strategic partnership for implementing 5G networks solutions for India.

·         Tata Group has developed a ‘state of the art’ O-RAN based Radio & NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting Jan 2022.

·         TCS brings its global system integration expertise and helps align the end-to-end solution to both 3GPP and O-RAN standards, as the network and equipment are increasingly embedded into software.

·         Airtel will pilot and deploy this indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the Government of India, the statement added.

·          ''These ‘Made in India’ 5G product and solutions are aligned to global standards, and interoperate with other products based on standard open interfaces and those defined by the ORAN Alliance. The 5G solutions, once commercially proven in Airtel’s diverse and brownfield network will open export opportunities for India, which is now the second largest telecom market in the world,'' it said.

RDB RASAYAN: Technofunda

Pos Buy RDB rasayan cmp 98 Big breakout haapened above 98 Immediate tgt 120. Stop Loss~90 cl basis. Low risk high reward setup. Results on 25th could be blaster.

Fundamentals~Debt Free. Jumbo bags in great demand. TP 200+ in 1 year
Personal due diligence advised. TP subject to mkt conditions

Dhunseri Ventures Ltd: Curtain Raiser
TP Rs 700

🎯FY21 EPS ₹ 66 ( Sixty Six)
🎯Book Value ₹ 458

Full report on 1️⃣Multi location ( Indian and overseas) manufacturing facilities2️⃣, huge land bank, 3️⃣Big treasury portfolio of well known companies ( nearly 2000 Cr) and 4️⃣Equity Stake in group companies will be released tomorrow

For Exceptional appreciation, Exceptional Re(al)search. No copy paste, no copycat

ANDHRA PETRO:Channel Check

🎯Monthly price trend ( distributor level) of E2H~

✅June 20 ₹60-62▶️July 20▶️₹ 63-68-70▶️August ₹ 63▶️ Sept 20 ₹ 72

✅▶️Oct 20 ₹ 83▶️Nov20 ₹ 99▶️ Dec20 ₹ 105

✅▶️Jan 21 ₹ 105▶️Feb 21 ₹ 115 ▶️March 21 ₹ 180

From above price trend, we feel that:

1️⃣Average realisation in Q2 should be ₹ 68-70/kg leading to PBT of Rs 10.63 Cr
2️⃣Average realization in Q3 should have been ₹ 92-93/kg leading to PBT of ₹ 37.72 Cr
3️⃣Q4 ESTIMATE: Average realisation should be ₹ 125 or so. Q4 Estimate of PBT ₹ 80-90 Cr

*Andhra Petrochemicals Ltd (APL)* - _Read Full_
_*Why will it become a Multibagger?*_
*Target Price - ₹300*

▫️APL is the sole producer of Oxo Alcohol in India, with a manufacturing capacity of 80,000 MTPA. The product mix includes 2EH, NBA and Isobutanol (IBA). The plant is strategically located next to HPCL Refinery since the feedstock for Oxo Alcohol (Propylene) is made available by HPCL refinery leading to cost efficiencies.

▫️The company benefits from trade protection metrics in the form of anti-dumping duty (ADD) for the import of n-Butanol (NBA) and 2-Ethyl Hexanol (2EH). ADD on 2EH has been extended by another 5 years. Domestic demand for Oxo Alcohol continues to rise disproportionately.

▫️Estimated demand of Oxo-Alcohols at 2,50,000 MTPA and growing at 10% per annum. There is a huge demand-supply gap in the country and this provides a a good opportunity for APL as both demand & Pricing remains strong given its Monopoly Status. Further ADD will help increase sales realisations significantly.

▫️The company caters to ~35–40% of the domestic demand and remaining demand is met through imports. The Prices of 2EH are at historic highs. ADD on 2EH further ensures that prices will remain firm in the foreseeable future.

▫️The major applications of Oxo Alcohols are plasticizers, paints, coatings & adhesives, lubricant additives, and chemical intermediates. Oxo-alcohol is primarily used as a raw material to manufacture PVC plasticisers. The long-term demand potential for PVC in India remains strong and expected to grow at a healthy pace.

▫️Increase in the consumption of Oxo Alcohol for air conditioning & refrigeration, chemical processing, transportation, & consumer goods industry has been observed in Asia-Pacific due to continued industrialization & rise in the manufacturing sector of the region.

▫️The co has witnessed a steady improvement in its Revenues and Profitability despite the impact of Covid-19, along with Debt reduction and some Prepayments as well. APLs liquidity profile remains strong with healthy unencumbered cash and liquid investments of ~58cr having debt free status

▫️APL has signed Natural Gas (NG) Term Sheet Agreement with GAIL last year and NG is expected to be available from Q4 of 2020-21, which will bring down the cost of production significantly leading to a sizeable margin expansion.

▫️APL is likely to benefit from the various cost-reduction measures undertaken and favourable regulatory measures. Its capital structure and coverage indicators are expected to remain healthy.

*Demand and Pricing headwinds along with Debt Free status makes APL a compelling BUY.*
*APL is trading at mouth watering valuations, trading at just 5x FY22E EPS even by conservative estimates.*

*_Given the product prices and realisation at record highs APL is conservatively set to report EPS of 20 for FY22. A modest P/E multiple of 15x should propel the stock to ₹300_*

➡️This is just beginning. DoW reiterates that subject to mkt conditions, Rain set to be 400+ next year. In fact can cross 300 soon after Q2CY21 result towards July end ◀️

Rain Industries share price zooms 60% this year. Why stock is rallying - Explained - https://www.livemint.com/market/stock-market-news/rain-industries-share-price-zooms-60-this-year-why-stock-is-rallying-explained-11623742237392.html Download mint app for latest in Business News - https://bit.ly/32XEfFE

La Tim Metal - BUY for TP 225
✅Q3 EPS was 11.62. Q4FY21 EEPS 14-16
✅After JSW, 2nd biggest player in Coloured Galvanized Coils & Profiles
Our previous article👇
Co trading at Forward P/S of just 0.17x
*Trading extremely Cheap at Forward P/E of just 3.5x*
Tiny Market Cap of Just 90 cr
Book Value - 192
P/B - 0.52

*La Tim has huge land bank of 100 acres in Industrial zone in Khopoli*

*Co has already posted Record Sales & Record Profits in Q3FY21*
▪️Q3 Revenues at 153cr, PAT at 10cr, EPS of ₹ 11.62

*Q4FY21 to be even Better*
▫️We estimates Q4FY21E EPS to be ₹ 14

*FY22 Estimates - BEST EVER PERFORMANCE*
▫️Revenues estimated to be 525 cr (Highest Ever)
▫️PAT estimated at 24 cr
▫️EPS estimated to be ₹ 28

▫️Co manufactures Pre-painted/Colour coated Galvalume & Galvanized Coils & Profiles in multiple thickness, size & colour.

▫️ *The products are import substitution in line with 'Make in India'*

*Huge Expansion Plans*
▫️La Tim is developing 20 acres industrial park at Khopoli & 72 acres industrial park near Dighi Port
▫️Co is also planning to setup new plants at Vishakhapatnam & Nagpur

▫️La Tim group also has interest in Steel manufacturing, Real Estate, Hotels, Resorts & Restaurants, Township Development etc.

Rain Industries: Denofwealth estimates CY21 EPS ₹ 32
TP: ₹ Rs 280-300( August end)
TP: ₹ 450 ( 12-15 months)
Personal due diligence advised. TP subject to mkt conditions