GARDEN REACH SHIPBUILDERS & ENGINEERS: MUTUAL FUNDS REDUCE 0.98% STAKE || LIC SOLD 1.26% STAKE IN Q1
RALLIS INDIA: MUTUAL FUNDS INCREASED 0.70% STAKE || BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD ACQUIRED 1.05% STAKE IN Q1
*Infosys Ltd.* | *CMP* Rs. 1576 | *M Cap* Rs. 671581 Cr | *52 W H/L* 1591/781
(Nirmal Bang Retail Research)
*Revenue guidance for FY22 revised to 14%-16% vs previous guidance of 12%-14%. Margin guidance retained at 22%-24%*
*Result ahead of expectation*
TCV($ MN) came at $ 2570 Mn vs QoQ $ 2111 Mn, YoY $ 1744 Mn
Revenue growth in CC terms QoQ came at 4.8% vs expectation of 4%, QoQ 2%, YoY -2%
Dollar revenue came at $ 3782 Mn,(4.7% QoQ, 21.2% YoY) vs expectation of $ 3756.3 Mn, QoQ $ 3613 Mn, YoY $ 3121 Mn
Net sales came at Rs. 27896 Cr (6% QoQ, 17.9% YoY) vs expectation of Rs. 27655 Cr, QoQ Rs. 26311 Cr, YoY Rs. 23665 Cr
EBIT came at Rs. 6554 Cr (2.6% QoQ, 23.3% YoY) vs expectation of Rs. 6764.4 Cr, QoQ Rs. 6390 Cr, YoY Rs. 5317 Cr
EBIT Margin came at 23.5% vs expectation of 24.5%, QoQ 24.3%, YoY 22.5%
Adj. PAT came at Rs. 5195 Cr vs expectation of Rs. 5378 Cr, QoQ Rs. 5076 Cr, YoY Rs. 4233 Cr
Quarter EPS is Rs. 12.2
Stock is trading at P/E of 26.4x FY23E EPS
(Nirmal Bang Retail Research)
*Revenue guidance for FY22 revised to 14%-16% vs previous guidance of 12%-14%. Margin guidance retained at 22%-24%*
*Result ahead of expectation*
TCV($ MN) came at $ 2570 Mn vs QoQ $ 2111 Mn, YoY $ 1744 Mn
Revenue growth in CC terms QoQ came at 4.8% vs expectation of 4%, QoQ 2%, YoY -2%
Dollar revenue came at $ 3782 Mn,(4.7% QoQ, 21.2% YoY) vs expectation of $ 3756.3 Mn, QoQ $ 3613 Mn, YoY $ 3121 Mn
Net sales came at Rs. 27896 Cr (6% QoQ, 17.9% YoY) vs expectation of Rs. 27655 Cr, QoQ Rs. 26311 Cr, YoY Rs. 23665 Cr
EBIT came at Rs. 6554 Cr (2.6% QoQ, 23.3% YoY) vs expectation of Rs. 6764.4 Cr, QoQ Rs. 6390 Cr, YoY Rs. 5317 Cr
EBIT Margin came at 23.5% vs expectation of 24.5%, QoQ 24.3%, YoY 22.5%
Adj. PAT came at Rs. 5195 Cr vs expectation of Rs. 5378 Cr, QoQ Rs. 5076 Cr, YoY Rs. 4233 Cr
Quarter EPS is Rs. 12.2
Stock is trading at P/E of 26.4x FY23E EPS
*L&T Technology Services Ltd.* | *CMP* Rs. 2910 | *M Cap* Rs. 30584 Cr | *52 W H/L* 3062/1325
(Nirmal Bang Retail Research)
*Revenue growth has been raised to 15-17% vs previous guidance of 13-15%*
*Result is above expectation*
CC QoQ came at 4.3% vs expectation of 3.6%, QoQ 3.8%, YoY -12.7%
Dollar revenue came at $ 205.2 Mn,(4% QoQ, 20% YoY) vs expectation of $ 204.4 Mn, QoQ $ 197.4 Mn, YoY $ 171 Mn
Net sales came at Rs. 1518.4 Cr (5.4% QoQ, 17.3% YoY) vs expectation of Rs. 1514.7 Cr, QoQ Rs. 1440.5 Cr, YoY Rs. 1294.7 Cr
EBIT came at Rs. 262.3 Cr (9.7% QoQ, 67.4% YoY) vs expectation of Rs. 236.9 Cr, QoQ Rs. 239.1 Cr, YoY Rs. 156.7 Cr
EBIT Margin came at 17.3% vs expectation of 15.6%, QoQ 16.6%, YoY 12.1%
Adj. PAT came at Rs. 226.5 Cr vs expectation of Rs. 197.7 Cr, QoQ Rs. 194.5 Cr, YoY Rs. 117.2 Cr
Quarter EPS is Rs. 21.6
Stock is trading at P/E of 28.9x FY23E EPS
(Nirmal Bang Retail Research)
*Revenue growth has been raised to 15-17% vs previous guidance of 13-15%*
*Result is above expectation*
CC QoQ came at 4.3% vs expectation of 3.6%, QoQ 3.8%, YoY -12.7%
Dollar revenue came at $ 205.2 Mn,(4% QoQ, 20% YoY) vs expectation of $ 204.4 Mn, QoQ $ 197.4 Mn, YoY $ 171 Mn
Net sales came at Rs. 1518.4 Cr (5.4% QoQ, 17.3% YoY) vs expectation of Rs. 1514.7 Cr, QoQ Rs. 1440.5 Cr, YoY Rs. 1294.7 Cr
EBIT came at Rs. 262.3 Cr (9.7% QoQ, 67.4% YoY) vs expectation of Rs. 236.9 Cr, QoQ Rs. 239.1 Cr, YoY Rs. 156.7 Cr
EBIT Margin came at 17.3% vs expectation of 15.6%, QoQ 16.6%, YoY 12.1%
Adj. PAT came at Rs. 226.5 Cr vs expectation of Rs. 197.7 Cr, QoQ Rs. 194.5 Cr, YoY Rs. 117.2 Cr
Quarter EPS is Rs. 21.6
Stock is trading at P/E of 28.9x FY23E EPS
KINGFA SCIENCE & TECHNOLOGY (INDIA): INDIVIDUAL INVESTOR MUKUL MAHAVIRPRASAD AGRAWAL INCREASED 0.80% STAKE INQ1
SANOFI INDIA: MUTUAL FUNDS INCREASED 0.30% STAKE || LIFE INSURANCE CORPORATION OF INDIA INCREASED 0.30% STAKE IN Q1
DCB BANK: MUTUAL FUNDS REDUCE 0.30% STAKE || ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND REDUCE 0.40% STAKE||
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED SOLD 1.25% STAKE IN Q1
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED SOLD 1.25% STAKE IN Q1
*Tinplate Company Of India Ltd.* | *CMP* Rs. 239 | *M Cap* Rs. 2500 Cr | *52 W H/L* 242/118
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 866.3 Cr (14.7% QoQ, 128.1% YoY) vs QoQ Rs. 755 Cr, YoY Rs. 379.8 Cr
EBIDTA came at Rs. 101.3 Cr (19% QoQ, 1682.2% YoY) vs QoQ Rs. 85.1 Cr, YoY Rs. 5.7 Cr
EBITDA Margin came at 11.7% vs QoQ 11.3%, YoY 1.5%
Adj. PAT came at Rs. 68.6 Cr vs QoQ Rs. 56.2 Cr, YoY Rs. -6.9 Cr
Quarter EPS is Rs. 6.6
Share is trading at P/E of 14.4x TTM EPS
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 866.3 Cr (14.7% QoQ, 128.1% YoY) vs QoQ Rs. 755 Cr, YoY Rs. 379.8 Cr
EBIDTA came at Rs. 101.3 Cr (19% QoQ, 1682.2% YoY) vs QoQ Rs. 85.1 Cr, YoY Rs. 5.7 Cr
EBITDA Margin came at 11.7% vs QoQ 11.3%, YoY 1.5%
Adj. PAT came at Rs. 68.6 Cr vs QoQ Rs. 56.2 Cr, YoY Rs. -6.9 Cr
Quarter EPS is Rs. 6.6
Share is trading at P/E of 14.4x TTM EPS
*Craftsman Automation Ltd.* | *CMP* Rs. 2031 | *M Cap* Rs. 4285 Cr | *52 W H/L* 2094/1115
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 435.2 Cr (-19% QoQ, 167% YoY) vs QoQ Rs. 537.2 Cr, YoY Rs. 163 Cr
- Auto Powertrain declined by 19% QoQ against CV industry’s decline of 60% QoQ & Tractor industry’s growth of 6% QoQ
- Auto Aluminum Products declined by 33% QoQ in line with 2W industry decline of ~30% QoQ
- Industrial & Engg Products declined by 7% QoQ
EBIDTA came at Rs. 107.7 Cr (-28.6% QoQ, 141.1% YoY) vs QoQ Rs. 150.8 Cr, YoY Rs. 44.7 Cr
EBITDA Margin came at 24.8% vs QoQ 28.1%, YoY 27.4%
Adj. PAT came at Rs. 24.1 Cr vs QoQ Rs. 47.3 Cr, YoY Rs. -16.2 Cr
Quarter EPS is Rs. 11.4
Share is trading at P/E of 21.5x Q4FY21 Anualised EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 435.2 Cr (-19% QoQ, 167% YoY) vs QoQ Rs. 537.2 Cr, YoY Rs. 163 Cr
- Auto Powertrain declined by 19% QoQ against CV industry’s decline of 60% QoQ & Tractor industry’s growth of 6% QoQ
- Auto Aluminum Products declined by 33% QoQ in line with 2W industry decline of ~30% QoQ
- Industrial & Engg Products declined by 7% QoQ
EBIDTA came at Rs. 107.7 Cr (-28.6% QoQ, 141.1% YoY) vs QoQ Rs. 150.8 Cr, YoY Rs. 44.7 Cr
EBITDA Margin came at 24.8% vs QoQ 28.1%, YoY 27.4%
Adj. PAT came at Rs. 24.1 Cr vs QoQ Rs. 47.3 Cr, YoY Rs. -16.2 Cr
Quarter EPS is Rs. 11.4
Share is trading at P/E of 21.5x Q4FY21 Anualised EPS
*5Paisa Capital Ltd.* | *CMP* Rs. 550 | *M Cap* Rs. 1617 Cr | *52 W H/L* 550.15/236
(Nirmal Bang Retail Research)
*Result has improved*
Total Revenue from Operations came at Rs. 60.1 Cr (21% QoQ, 42% YoY) vs QoQ Rs. 49.5 Cr, YoY Rs. 42.4 Cr
Revenue from Brokerage Fees & Commissions came at Rs. 45.0 Cr (17% QoQ, 37% YoY) vs QoQ Rs. 38.6 Cr, YoY Rs. 32.9 Cr
EBIDTA came at Rs. 14.7 Cr (16.1% QoQ, 47.6% YoY) vs QoQ Rs. 12.6 Cr, YoY Rs. 9.9 Cr
EBITDA Margin came at 24.4% vs QoQ 25.5%, YoY 23.4%
Adj. PAT came at Rs. 7.2 Cr vs QoQ Rs. 5.9 Cr, YoY Rs. 2.8 Cr
Quarter EPS is Rs. 2.4
Share is trading at P/E of 56x Q1FY22 annualised EPS & at 6.7x M.Cap/Sales
(Nirmal Bang Retail Research)
*Result has improved*
Total Revenue from Operations came at Rs. 60.1 Cr (21% QoQ, 42% YoY) vs QoQ Rs. 49.5 Cr, YoY Rs. 42.4 Cr
Revenue from Brokerage Fees & Commissions came at Rs. 45.0 Cr (17% QoQ, 37% YoY) vs QoQ Rs. 38.6 Cr, YoY Rs. 32.9 Cr
EBIDTA came at Rs. 14.7 Cr (16.1% QoQ, 47.6% YoY) vs QoQ Rs. 12.6 Cr, YoY Rs. 9.9 Cr
EBITDA Margin came at 24.4% vs QoQ 25.5%, YoY 23.4%
Adj. PAT came at Rs. 7.2 Cr vs QoQ Rs. 5.9 Cr, YoY Rs. 2.8 Cr
Quarter EPS is Rs. 2.4
Share is trading at P/E of 56x Q1FY22 annualised EPS & at 6.7x M.Cap/Sales