*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