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*Nestle India Ltd.* | *CMP* Rs. 18022 | *M Cap* Rs. 173009 Cr | *52 W H/L* 18844/15100
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 3476.7 Cr (-3.7% QoQ, 14% YoY) vs expectation of Rs. 3517.3 Cr, QoQ Rs. 3610.8 Cr, YoY Rs. 3050.5 Cr
EBIDTA came at Rs. 848 Cr (-8.8% QoQ, 13.4% YoY) vs expectation of Rs. 872.5 Cr, QoQ Rs. 929.9 Cr, YoY Rs. 747.6 Cr
EBITDA Margin came at 24.4% vs expectation of 24.8%, QoQ 25.8%, YoY 24.5%
Adj. PAT came at Rs. 538.6 Cr vs expectation of Rs. 570 Cr, QoQ Rs. 602.3 Cr, YoY Rs. 486.6 Cr
Quarter EPS is Rs. 55.9
Share is trading at P/E of 61.6x FY22E EPS

*ABB India Ltd.* | *CMP* Rs. 1725 | *M Cap* Rs. 36554 Cr | *52 W H/L* 1857/847
(Nirmal Bang Retail Research)
*Result is inline with expectation* Order booking came at Rs.1689cr vs QoQ Rs.1825cr yoy Rs.1200cr
Revenue from Operations came at Rs. 1425 Cr (-12.5% QoQ, 44.6% YoY) vs expectation of Rs. 1471.2 Cr, QoQ Rs. 1629.2 Cr, YoY Rs. 985.8 Cr
EBIDTA came at Rs. 95 Cr (-28.2% QoQ, 305.1% YoY) vs expectation of Rs. 98.8 Cr, QoQ Rs. 132.3 Cr, YoY Rs. 23.4 Cr
EBITDA Margin came at 6.7% vs expectation of 6.7%, QoQ 8.1%, YoY 2.4%
Adj. PAT came at Rs. 68.3 Cr vs expectation of Rs. 75.4 Cr, QoQ Rs. 76.1 Cr, YoY Rs. 14.8 Cr
Quarter EPS is Rs. 3.2
Share is trading at P/E of 61.8x FY22E EPS

*JM Financial Ltd. -C* | *CMP* Rs. 104 | *M Cap* Rs. 9916 Cr | *52 W H/L* 118/73
(Nirmal Bang Retail Research)
*Result is ok*
_*Segmental Revenues*_
Investment Banking came at Rs. 315.9 Cr vs YoY Rs. 209.6 Cr, QoQ Rs. 285 Cr
Mortgage Lending came at Rs. 300.2 Cr vs YoY Rs. 298.4 Cr, QoQ Rs. 301.9 Cr
Distressed Credit came at Rs. 225.3 Cr vs YoY Rs. 99.3 Cr, QoQ Rs. 76.2 Cr
AMC, Wealth Mgmt, Securities came at Rs. 142.8 Cr vs YoY Rs. 86.1 Cr, QoQ Rs. 164 Cr
Others came at Rs. 35.6 Cr vs YoY Rs. 13.5 Cr, QoQ Rs. 52.1 Cr
Total Segmental Revenues came at Rs. 1019.7 Cr vs YoY Rs. 706.8 Cr, QoQ Rs. 879.2 Cr
PBT came at Rs. 360.4 Cr vs YoY Rs. 184.2 Cr, QoQ Rs. 312.4 Cr
Adj. PAT came at Rs. 203.1 Cr vs YoY Rs. 93.6 Cr, QoQ Rs. 176.7 Cr
Loan Book came at Rs. 11014 Cr vs YoY Rs. 10833 Cr, QoQ Rs. 10854 Cr
Gross NPA % came at 3.46% vs QoQ 3.5%
Net NPA % came at 1.89% vs QoQ 1.95%
Co made additional gross provisions of Rs. 132 Cr on account of Covid-19 for the quarter, thereby taking the total provisions to Rs. 515 Cr (4.7%) vs Rs. 383 Cr (3.5%).
Quarter EPS is Rs. 2.9
Share is trading at P/E of 11.8x FY23E EPS & 1.4x trailing P/BV

*Welspun India Ltd.* | *CMP* Rs. 141 | *M Cap* Rs. 14167 Cr | *52 W H/L* 141/32
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 2214.5 Cr (3.7% QoQ, 84.3% YoY) vs expectation of Rs. 2035.7 Cr, QoQ Rs. 2135.7 Cr, YoY Rs. 1201.8 Cr
EBIDTA came at Rs. 447.1 Cr (39.6% QoQ, 99.7% YoY) vs expectation of Rs. 308.5 Cr, QoQ Rs. 320.3 Cr, YoY Rs. 223.9 Cr
EBITDA Margin came at 20.2% vs expectation of 15.2%, QoQ 15%, YoY 18.6%
Adj. PAT came at Rs. 217.5 Cr vs expectation of Rs. 124.1 Cr, QoQ Rs. 130.1 Cr, YoY Rs. 49.1 Cr
Quarter EPS is Rs. 2.2
Share is trading at P/E of 22.5x FY22E EPS

*Route Mobile Ltd.* | *CMP* Rs. 2175 | *M Cap* Rs. 12553 Cr | *52 W H/L* 2308/625
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 377.5 Cr (4.2% QoQ, 21.9% YoY) vs expectation of Rs. 384.6 Cr, QoQ Rs. 362.4 Cr, YoY Rs. 309.6 Cr
EBIDTA came at Rs. 45.5 Cr (-8.8% QoQ, 21% YoY) vs expectation of Rs. 52.5 Cr, QoQ Rs. 49.9 Cr, YoY Rs. 37.6 Cr
EBITDA Margin came at 12.1% vs expectation of 13.6%, QoQ 13.8%, YoY 12.1%
Adj. PAT came at Rs. 33.8 Cr vs expectation of Rs. 40.5 Cr, QoQ Rs. 35.4 Cr, YoY Rs. 27.1 Cr
Quarter EPS is Rs. 5.9
Share is trading at P/E of 67.4x FY22E EPS

Daily Market Highlights | 28th July 2021 📊

NIFTY50: ₹15,709.40 | -0.24%

Top Gainers 📈

BHARTIARTL: +5.07%
TATASTEEL: +2.84%
SBILIFE: +2.25%
DIVISLAB: +2.22%
INDUSINDBK: +1.75%

Top Losers 📉

DRREDDY: -2.57%
KOTAKBANK: -2.54%
TATAMOTORS: -2.30%
M&M: -2.22%
CIPLA: -2.16%

*Maruti Suzuki India Ltd.* | *CMP* Rs. 7147 | *M Cap* Rs. 215897 Cr | *52 W H/L* 8400/5812
(Nirmal Bang Retail Research)
No. of Vehicles Sold 353614 vs QoQ 492235,YoY 76599
*Result marginally below* Gross margin declined 90bps QoQ
Revenue from Operations came at Rs. 17770.7 Cr (-26% QoQ, 332.7% YoY) vs expectation of Rs. 17850.1 Cr, QoQ Rs. 24023.7 Cr, YoY Rs. 4106.5 Cr
EBIDTA came at Rs. 821.1 Cr (-58.8% QoQ, -195.1% YoY) vs expectation of Rs. 1146.7 Cr, QoQ Rs. 1991.1 Cr, YoY Rs. -863.4 Cr
EBITDA Margin came at 4.6% vs expectation of 6.4%, QoQ 8.3%, YoY -21%
Adj. PAT came at Rs. 440.8 Cr vs expectation of Rs. 854.4 Cr, QoQ Rs. 1166.1 Cr, YoY Rs. -249.4 Cr
Quarter EPS is Rs. 14.6
Share is trading at P/E of 33.5x FY22E EPS

CENTURY TEXTILES: Co receives big project approval from MCGM - Gets IOD approval for its real estate project at WORLI Mill Land

Its said that Worli Century Mill Project is a game changer for its Real Estate NPV. Big Milestone in for the company

Source: https://bseindia.com/xml-data/corpfiling/AttachLive/434f62fd-11ac-42cc-a627-1073a9d7f6c5.pdf

*Birlasoft Ltd.* | *CMP* Rs. 411 | *M Cap* Rs. 11409 Cr | *52 W H/L* 435/102
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 945.3 Cr (4.7% QoQ, 3.4% YoY) vs expectation of Rs. 944 Cr, QoQ Rs. 902.9 Cr, YoY Rs. 914.6 Cr
EBIDTA came at Rs. 151 Cr (-2.4% QoQ, 33.7% YoY) vs expectation of Rs. 152.8 Cr, QoQ Rs. 154.7 Cr, YoY Rs. 112.9 Cr
EBITDA Margin came at 16% vs expectation of 16.2%, QoQ 17.1%, YoY 12.3%
Adj. PAT came at Rs. 113.6 Cr vs expectation of Rs. 101.1 Cr, QoQ Rs. 99 Cr, YoY Rs. 56.3 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 26.8x FY22E EPS

*Intellect Design Arena Ltd.* | *CMP* Rs. 743 | *M Cap* Rs. 9938 Cr | *52 W H/L* 849/136
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 408.3 Cr (2.7% QoQ, 18% YoY) vs expectation of Rs. 398.3 Cr, QoQ Rs. 397.6 Cr, YoY Rs. 345.9 Cr
EBIDTA came at Rs. 100.2 Cr (0.2% QoQ, 47.5% YoY) vs expectation of Rs. 90.9 Cr, QoQ Rs. 99.9 Cr, YoY Rs. 67.9 Cr
EBITDA Margin came at 24.5% vs expectation of 22.8%, QoQ 25.1%, YoY 19.6%
Adj. PAT came at Rs. 73.7 Cr vs expectation of Rs. 74 Cr, QoQ Rs. 80.6 Cr, YoY Rs. 42.6 Cr
Quarter EPS is Rs. 5.5
Share is trading at P/E of 29.2x FY22E EPS

*Radico Khaitan Ltd.* | *CMP* Rs. 842 | *M Cap* Rs. 11249 Cr | *52 W H/L* 847/361
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 602.9 Cr (-13.2% QoQ, 47.4% YoY) vs expectation of Rs. 555.8 Cr, QoQ Rs. 694.7 Cr, YoY Rs. 409.2 Cr
EBIDTA came at Rs. 92.1 Cr (-9.1% QoQ, 21.5% YoY) vs expectation of Rs. 85.1 Cr, QoQ Rs. 101.4 Cr, YoY Rs. 75.8 Cr
EBITDA Margin came at 15.3% vs expectation of 15.3%, QoQ 14.6%, YoY 18.5%
Adj. PAT came at Rs. 59.8 Cr vs expectation of Rs. 52.2 Cr, QoQ Rs. 73.5 Cr, YoY Rs. 44.1 Cr
Quarter EPS is Rs. 4.5
Share is trading at P/E of 37x FY22E EPS

*TCI Express Ltd.* | *CMP* Rs. 1619 | *M Cap* Rs. 6231 Cr | *52 W H/L* 1747/656
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 222.9 Cr (-20.3% QoQ, 151.2% YoY) vs expectation of Rs. 236.8 Cr, QoQ Rs. 279.8 Cr, YoY Rs. 88.7 Cr
EBIDTA came at Rs. 32.1 Cr (-41% QoQ, 1480.3% YoY) vs expectation of Rs. 37.1 Cr, QoQ Rs. 54.4 Cr, YoY Rs. 2 Cr
EBITDA Margin came at 14.4% vs expectation of 15.7%, QoQ 19.4%, YoY 2.3%
Adj. PAT came at Rs. 23.8 Cr vs expectation of Rs. 26.7 Cr, QoQ Rs. 42.6 Cr, YoY Rs. 0.9 Cr
Quarter EPS is Rs. 6.2
Share is trading at P/E of 45.6x FY22E EPS

*Mold-Tek Packaging Ltd.* | *CMP* Rs. 515 | *M Cap* Rs. 1442 Cr | *52 W H/L* 571/208
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 133.7 Cr (-17% QoQ, 104.8% YoY) vs expectation of Rs. 121.6 Cr, QoQ Rs. 161 Cr, YoY Rs. 65.3 Cr
EBIDTA came at Rs. 25.2 Cr (-21.1% QoQ, 178.9% YoY) vs expectation of Rs. 23.9 Cr, QoQ Rs. 32 Cr, YoY Rs. 9.1 Cr
EBITDA Margin came at 18.9% vs expectation of 19.7%, QoQ 19.9%, YoY 13.9%
Adj. PAT came at Rs. 12.1 Cr vs expectation of Rs. 11.9 Cr, QoQ Rs. 18 Cr, YoY Rs. 1.5 Cr
Quarter EPS is Rs. 4.3
Share is trading at P/E of 24.7x FY22E EPS.

*Pfizer Ltd.* | *CMP* Rs. 6052 | *M Cap* Rs. 27687 Cr | *52 W H/L* 6052/4115
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 749.2 Cr (40.1% QoQ, 45.5% YoY) vs expectation of Rs. 682.8 Cr, QoQ Rs. 534.8 Cr, YoY Rs. 514.9 Cr
EBIDTA came at Rs. 285.7 Cr (127.2% QoQ, 53.4% YoY) vs expectation of Rs. 216.1 Cr, QoQ Rs. 125.7 Cr, YoY Rs. 186.3 Cr
EBITDA Margin came at 38.1% vs expectation of 31.7%, QoQ 23.5%, YoY 36.2%
Adj. PAT came at Rs. 199.9 Cr vs expectation of Rs. 149.8 Cr, QoQ Rs. 100.6 Cr, YoY Rs. 124.5 Cr
Quarter EPS is Rs. 43.7
Share is trading at P/E of 48.6x FY22E EPS

*SRF Ltd.* | *CMP* Rs. 7845 | *M Cap* Rs. 46478 Cr | *52 W H/L* 7929/3722
(Nirmal Bang Retail Research)
*Result is inline with expectations*
Revenue from Operations came at Rs. 2699.4 Cr (3.5% QoQ, 74.7% YoY) vs expectation of Rs. 2511.3 Cr, QoQ Rs. 2607.7 Cr, YoY Rs. 1545.2 Cr
EBIDTA came at Rs. 664.4 Cr (4.7% QoQ, 78.4% YoY) vs expectation of Rs. 585.9 Cr, QoQ Rs. 634.3 Cr, YoY Rs. 372.3 Cr
EBITDA Margin came at 24.6% vs expectation of 23.3%, QoQ 24.3%, YoY 24.1%
Adj. PAT came at Rs. 395.3 Cr vs expectation of Rs. 344.3 Cr, QoQ Rs. 380.9 Cr, YoY Rs. 177.1 Cr
Quarter EPS is Rs. 66.7
Share is trading at P/E of 33.9x FY22E EPS

*Apcotex Industries Ltd.* | *CMP* Rs. 348 | *M Cap* Rs. 1804 Cr | *52 W H/L* 385/108
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 185.2 Cr (-0.9% QoQ, 209.4% YoY) vs QoQ Rs. 186.9 Cr, YoY Rs. 59.9 Cr
EBIDTA came at Rs. 29.3 Cr (-2.4% QoQ, -781.1% YoY) vs QoQ Rs. 30 Cr, YoY Rs. -4.3 Cr
EBITDA Margin came at 15.8% vs QoQ 16.1%, YoY -7.2%
Adj. PAT came at Rs. 21.9 Cr vs QoQ Rs. 22.6 Cr, YoY Rs. -6.7 Cr
Quarter EPS is Rs. 4.2
Share is trading at P/E of 34.6x FY22E EPS

*IDBI Bank Ltd. * | *CMP* Rs. 38 | *M Cap* Rs. 40859 Cr | *52 W H/L* 45/26
(Nirmal Bang Retail Research)
*Result is ok*
Net Interest Income came at Rs. 2506 Cr vs YoY Rs. 1773 Cr, QoQ Rs. 3240 Cr
Non Interest Income came at Rs. 1639 Cr vs YoY Rs. 1004 Cr, QoQ Rs. 1181 Cr
PBP came at Rs. 2776 Cr vs YoY Rs. 1326 Cr, QoQ Rs. 2879 Cr
Provisions came at Rs. 1752 Cr vs YoY Rs. 888 Cr, QoQ Rs. 2457 Cr
Adj. PAT came at Rs. 603 Cr vs YoY Rs. 144 Cr, QoQ Rs. 512 Cr
Gross NPA came at Rs. 35594 Cr vs QoQ Rs. 36212 Cr at 22.71% vs QoQ 22.37%
Net NPA came at Rs. 2053 Cr vs QoQ Rs. 2519 Cr at 1.67% vs QoQ 1.97%
Quarter EPS is Rs. 0.6
Share is trading at 1.2x trailing P/Adj. BV

NSDL ADDS GDR TO NAMES OF THREE AC IN THE FROZEN AC LIST II ONLY GDR RELATED AC OF THESE FPI'S AFFECTED BY THE AC LEVEL FREEZE - CNBC TV 18

*Gateway Distriparks Ltd.* | *CMP* Rs. 300 | *M Cap* Rs. 3745 Cr | *52 W H/L* 325/79
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 329.6 Cr (-5.9% QoQ, 30.4% YoY) vs expectation of Rs. 326.3 Cr, QoQ Rs. 350.3 Cr, YoY Rs. 252.8 Cr
EBIDTA came at Rs. 89.2 Cr (-6.4% QoQ, 27.6% YoY) vs expectation of Rs. 83 Cr, QoQ Rs. 95.3 Cr, YoY Rs. 69.9 Cr
EBITDA Margin came at 27.1% vs expectation of 25.4%, QoQ 27.2%, YoY 27.6%
Adj. PAT came at Rs. 43.5 Cr vs expectation of Rs. 28.7 Cr, QoQ Rs. 46.1 Cr, YoY Rs. 11.3 Cr
Quarter EPS is Rs. 3.5
Share is trading at P/E of 32x FY22E EPS

BHARTI AIRTEL: CO UPGRADES ITS PREPAID PLANS TO OFFER MORE VALUE TO CUSTOMERS