*Ahluwalia Contracts (India) Ltd.* | *CMP* Rs. 329 | *M Cap* Rs. 2201 Cr | *52 W H/L* 339/193
(Nirmal Bang Retail Research)
*Result is ahead of expectation*
Revenue from Operations came at Rs. 761.7 Cr (42.1% QoQ, 38.7% YoY) vs expectation of Rs. 628.4 Cr, QoQ Rs. 536.1 Cr, YoY Rs. 549.2 Cr
EBIDTA came at Rs. 69.8 Cr (120.4% QoQ, 204% YoY) vs expectation of Rs. 45.2 Cr, QoQ Rs. 31.7 Cr, YoY Rs. 23 Cr
EBITDA Margin came at 9.2% vs expectation of 7.2%, QoQ 5.9%, YoY 4.2%
Adj. PAT came at Rs. 37.1 Cr vs expectation of Rs. 23.7 Cr, QoQ Rs. 14.7 Cr, YoY Rs. 6.1 Cr
Quarter EPS is Rs. 5.5
Share is trading at P/E of 15.7x FY22E EPS
(Nirmal Bang Retail Research)
*Result is ahead of expectation*
Revenue from Operations came at Rs. 761.7 Cr (42.1% QoQ, 38.7% YoY) vs expectation of Rs. 628.4 Cr, QoQ Rs. 536.1 Cr, YoY Rs. 549.2 Cr
EBIDTA came at Rs. 69.8 Cr (120.4% QoQ, 204% YoY) vs expectation of Rs. 45.2 Cr, QoQ Rs. 31.7 Cr, YoY Rs. 23 Cr
EBITDA Margin came at 9.2% vs expectation of 7.2%, QoQ 5.9%, YoY 4.2%
Adj. PAT came at Rs. 37.1 Cr vs expectation of Rs. 23.7 Cr, QoQ Rs. 14.7 Cr, YoY Rs. 6.1 Cr
Quarter EPS is Rs. 5.5
Share is trading at P/E of 15.7x FY22E EPS
*HINDUSTAN COPPER LTD.* | *CMP* Rs. 154 | *M Cap* Rs. 14907 Cr | *52 W H/L* 197/28
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 522.2 Cr (-3% QoQ, 255.6% YoY) vs QoQ Rs. 538.4 Cr, YoY Rs. 146.8 Cr
EBIDTA came at Rs. 255.6 Cr (17.8% QoQ, -161.9% YoY) vs QoQ Rs. 216.9 Cr, YoY Rs. -412.8 Cr (EBITDA after adjusting for one off w/off )
EBITDA Margin came at 48.9% vs QoQ 40.3%, YoY -281.1%
Adj. PAT came at Rs. 188.4 Cr vs QoQ Rs. 108.2 Cr, YoY Rs. -514.6 Cr
Quarter EPS is Rs. 1.9
Share is trading at P/E of 44.5x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 522.2 Cr (-3% QoQ, 255.6% YoY) vs QoQ Rs. 538.4 Cr, YoY Rs. 146.8 Cr
EBIDTA came at Rs. 255.6 Cr (17.8% QoQ, -161.9% YoY) vs QoQ Rs. 216.9 Cr, YoY Rs. -412.8 Cr (EBITDA after adjusting for one off w/off )
EBITDA Margin came at 48.9% vs QoQ 40.3%, YoY -281.1%
Adj. PAT came at Rs. 188.4 Cr vs QoQ Rs. 108.2 Cr, YoY Rs. -514.6 Cr
Quarter EPS is Rs. 1.9
Share is trading at P/E of 44.5x TTM EPS
*Railtel Corporation Of India Ltd.* | *CMP* Rs. 148 | *M Cap* Rs. 4742 Cr | *52 W H/L* 190/101
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 429.8 Cr (4.7% QoQ, 9.5% YoY) vs QoQ Rs. 410.6 Cr, YoY Rs. 392.6 Cr
EBIDTA came at Rs. 72.5 Cr (-41.9% QoQ, -31.8% YoY) vs QoQ Rs. 124.9 Cr, YoY Rs. 106.4 Cr
EBITDA Margin came at 16.9% vs QoQ 30.4%, YoY 27.1%
Adj. PAT came at Rs. 27.2 Cr vs QoQ Rs. 69.7 Cr, YoY Rs. 72.1 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 33x TTM EPS
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 429.8 Cr (4.7% QoQ, 9.5% YoY) vs QoQ Rs. 410.6 Cr, YoY Rs. 392.6 Cr
EBIDTA came at Rs. 72.5 Cr (-41.9% QoQ, -31.8% YoY) vs QoQ Rs. 124.9 Cr, YoY Rs. 106.4 Cr
EBITDA Margin came at 16.9% vs QoQ 30.4%, YoY 27.1%
Adj. PAT came at Rs. 27.2 Cr vs QoQ Rs. 69.7 Cr, YoY Rs. 72.1 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 33x TTM EPS
*FINOLEX INDUSTRIES LTD.* | *CMP* Rs. 174 | *M Cap* Rs. 10775 Cr | *52 W H/L* 177/87
(Nirmal Bang Retail Research)
*Result ok*
*Higher than expected Sales and Profit is on account of PVC business whereas Pipe and fitting business has seen decline QoQ*
Revenue from Operations came at Rs. 1249.3 Cr (17.1% QoQ, 63.1% YoY) vs expectation of Rs. 1124.7 Cr, QoQ Rs. 1066.9 Cr, YoY Rs. 766.1 Cr
EBIDTA came at Rs. 410.1 Cr (18.3% QoQ, 294% YoY) vs expectation of Rs. 284.1 Cr, QoQ Rs. 346.7 Cr, YoY Rs. 104.1 Cr
EBITDA Margin came at 32.8% vs expectation of 25.3%, QoQ 32.5%, YoY 13.6%
Adj. PAT came at Rs. 298.8 Cr vs expectation of Rs. 202.4 Cr, QoQ Rs. 259.4 Cr, YoY Rs. 58.7 Cr
Quarter EPS is Rs. 4.8
Share is trading at P/E of 23.1x FY22E EPS
(Nirmal Bang Retail Research)
*Result ok*
*Higher than expected Sales and Profit is on account of PVC business whereas Pipe and fitting business has seen decline QoQ*
Revenue from Operations came at Rs. 1249.3 Cr (17.1% QoQ, 63.1% YoY) vs expectation of Rs. 1124.7 Cr, QoQ Rs. 1066.9 Cr, YoY Rs. 766.1 Cr
EBIDTA came at Rs. 410.1 Cr (18.3% QoQ, 294% YoY) vs expectation of Rs. 284.1 Cr, QoQ Rs. 346.7 Cr, YoY Rs. 104.1 Cr
EBITDA Margin came at 32.8% vs expectation of 25.3%, QoQ 32.5%, YoY 13.6%
Adj. PAT came at Rs. 298.8 Cr vs expectation of Rs. 202.4 Cr, QoQ Rs. 259.4 Cr, YoY Rs. 58.7 Cr
Quarter EPS is Rs. 4.8
Share is trading at P/E of 23.1x FY22E EPS
*Shree Renuka Sugars Ltd.* | *CMP* Rs. 34 | *M Cap* Rs. 7248 Cr | *52 W H/L* 34.05/7
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1320.4 Cr (-4.9% QoQ, -7.8% YoY) vs QoQ Rs. 1387.8 Cr, YoY Rs. 1431.9 Cr
EBIDTA came at Rs. 247.7 Cr (164.6% QoQ, 25.9% YoY) vs QoQ Rs. 93.6 Cr, YoY Rs. 196.7 Cr
EBITDA Margin came at 18.8% vs QoQ 6.7%, YoY 13.7%
Adj. PAT came at Rs. 61.2 Cr vs QoQ Rs. -155 Cr, YoY Rs. -146 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of -47.3x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1320.4 Cr (-4.9% QoQ, -7.8% YoY) vs QoQ Rs. 1387.8 Cr, YoY Rs. 1431.9 Cr
EBIDTA came at Rs. 247.7 Cr (164.6% QoQ, 25.9% YoY) vs QoQ Rs. 93.6 Cr, YoY Rs. 196.7 Cr
EBITDA Margin came at 18.8% vs QoQ 6.7%, YoY 13.7%
Adj. PAT came at Rs. 61.2 Cr vs QoQ Rs. -155 Cr, YoY Rs. -146 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of -47.3x TTM EPS
CLSA sales note on PSU Banks
Resolution processes (UBL, JP Infra) + NARCL will take over NPAs
Play PSBs for recovery as 65%+ is corpoate book
Accounts taken over by NARCL are 100% written off
Banks will get 15% of FV as upfront cash (15% goes to P&L)
Preferred pick is BoB
Resolution processes (UBL, JP Infra) + NARCL will take over NPAs
Play PSBs for recovery as 65%+ is corpoate book
Accounts taken over by NARCL are 100% written off
Banks will get 15% of FV as upfront cash (15% goes to P&L)
Preferred pick is BoB
BoFA Securities on BoB
Upgrade to buy from U-P, TP raised to Rs 120
RoAs likely to normalize towards 0.9-1% levels by end Fy22 (= 13-14% RoEs)
Growth on the verge of turnaround along with SBI
At current Vals (0.5x P/B, 5x P/E), risk reward is compelling
Upgrade to buy from U-P, TP raised to Rs 120
RoAs likely to normalize towards 0.9-1% levels by end Fy22 (= 13-14% RoEs)
Growth on the verge of turnaround along with SBI
At current Vals (0.5x P/B, 5x P/E), risk reward is compelling
MTAR Tech
a. FY22 Guidance
🎯20-25% revenue growth with 100 bps jump in margins
b. Post Capex , Co has a revenue potential of 750cr+
c. Likely to end FY22 with an order book of 700cr
a. FY22 Guidance
🎯20-25% revenue growth with 100 bps jump in margins
b. Post Capex , Co has a revenue potential of 750cr+
c. Likely to end FY22 with an order book of 700cr
This year Interesting Buyouts Data :
9-year-old BYJU's bought 32-year-old Aakash
4-year-old Groww bought 14-year-old Indiabulls mutual fund
3-year-old BharatPe bought 37-year-old PMC Bank
7-year-old Pharmeasy bought 25-year-old Thyrocare
9-year-old BYJU's bought 32-year-old Aakash
4-year-old Groww bought 14-year-old Indiabulls mutual fund
3-year-old BharatPe bought 37-year-old PMC Bank
7-year-old Pharmeasy bought 25-year-old Thyrocare
UPL: CO LAUNCHES NEW ‘NPP’ BUSINESS UNIT TO ENHANCE BIOSOLUTIONS CAPACITY FOR SUSTAINABLE AGRICULTURE OFFERING WORLDWIDE: REUTERS
THIRUMALAI CHEMICALS: CO HAS COMMISSIONED ITS PHTHALIC ANHYDRIDE PLANT AT DAHEJ GUJARAT.THIS PLANT WILL LARGELY CATER TO CUSTOMERS IN WESTERN INDIA
Daily Market Highlights | 28th Jun 2021 📊
NIFTY50: ₹15,814.70 | -0.29%
Top Gainers 📈
DRREDDY: +1.80%
HINDALCO: +1.74%
DIVISLAB: +1.73%
TATASTEEL: +1.69%
TECHM: +1.43%
Top Losers 📉
HDFCLIFE: -4.13%
TITAN: -1.32%
SHREECEM: -1.15%
TCS: -1.15%
COALINDIA: -1.11%
NIFTY50: ₹15,814.70 | -0.29%
Top Gainers 📈
DRREDDY: +1.80%
HINDALCO: +1.74%
DIVISLAB: +1.73%
TATASTEEL: +1.69%
TECHM: +1.43%
Top Losers 📉
HDFCLIFE: -4.13%
TITAN: -1.32%
SHREECEM: -1.15%
TCS: -1.15%
COALINDIA: -1.11%
Nirmala Sitharaman additional Rs1.15 Lkah cr for ECLGS scheme … provide support for tourism sectors… To Give Free Tourist visas for 5 lakh tourist
· To expand loan guarantee program to Rs4.5t from Rs3t
· To give guarantee to facilitate microfinance loan, to give loan 25 lakh people via micro-finance, micro finance loan guarantee to be up Rs75000
· To provide support for tourism sectors
· To Give Free Tourist visas for 5 lakh tourist till 31st March 2022
· Minister Nirmala Sitharaman on Monday additional Rs1.15 Lkah cr for Emergency Credit Line Guarantee Scheme (ECLGS).
· The finance minister had launched the ECLGS scheme in May, last year as part of the AatmaNirbhar Bharat package.
· The ECLGS aims to provide 100 percent guaranteed coverage to the banks, non-banking financial institutions (NBFCs) and other lending institutions in order to enable them to extend emergency credit to business entities that have suffered due to the Covid-19 pandemic and are struggling to meet their working capital requirements.
· Plan to announce 8 relief measures, 4 of them new item
· To give health sector for Rs50,000cr – to give aid scale up medical infrastructure
· To give Rs1.1tn loan guarantee for Covid hit sectors
· To give additional Rs1.5tn emergency credit line
· To expand loan guarantee program to Rs4.5t from Rs3t
· To give guarantee to facilitate microfinance loan, to give loan 25 lakh people via micro-finance, micro finance loan guarantee to be up Rs75000
· To provide support for tourism sectors
· To Give Free Tourist visas for 5 lakh tourist till 31st March 2022
· Minister Nirmala Sitharaman on Monday additional Rs1.15 Lkah cr for Emergency Credit Line Guarantee Scheme (ECLGS).
· The finance minister had launched the ECLGS scheme in May, last year as part of the AatmaNirbhar Bharat package.
· The ECLGS aims to provide 100 percent guaranteed coverage to the banks, non-banking financial institutions (NBFCs) and other lending institutions in order to enable them to extend emergency credit to business entities that have suffered due to the Covid-19 pandemic and are struggling to meet their working capital requirements.
· Plan to announce 8 relief measures, 4 of them new item
· To give health sector for Rs50,000cr – to give aid scale up medical infrastructure
· To give Rs1.1tn loan guarantee for Covid hit sectors
· To give additional Rs1.5tn emergency credit line