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Delivery Call
Future Call
Option Calls
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Newsletter
SIP Stocks
What normal member gets
Super Duper Calls
Bumper Calls
Newsletter
SIP Stocks
Premium Members Get pre entry in all Super Duper , Bumper and majority Newsletter Stocks.
Thanks & Regards.
Positional Call
Mid Term Calls
Intraday Call (Very few but confirm)
Delivery Call
Future Call
Option Calls
Option Strategies
Swing Trades
Super Duper Calls
Bumper Calls
Newsletter
SIP Stocks
What normal member gets
Super Duper Calls
Bumper Calls
Newsletter
SIP Stocks
Premium Members Get pre entry in all Super Duper , Bumper and majority Newsletter Stocks.
Thanks & Regards.
📢📢📢
Good Afternoon to all Members
This month marks up a successful completion of our 1 year journey with Market Wizard Premium Group
Throughout this one year , many new members joined, many left, some availed monthly Membership and some availed Yearly Membership.
On our successful completion of 1 year we have introduced some offers for those who want to avail our Quarterly Membership and Yearly Membership.
Members those who want to avail membership for August following are the charges:
Monthly - 1k
Quarterly - 3k
Yearly - 9k
Group Discounts (On Member's Request)
Group of 5 members - 4k (Monthly)
Group of 5 members- 12k (Quarterly)
Incase of Group of 5 members all the members are requested to fill the form.
Revision of Charges from September month and onwards :
Monthly - 1.5k
Quarterly- 4k
Yearly - 15k
Thanks and Regards
Good Afternoon to all Members
This month marks up a successful completion of our 1 year journey with Market Wizard Premium Group
Throughout this one year , many new members joined, many left, some availed monthly Membership and some availed Yearly Membership.
On our successful completion of 1 year we have introduced some offers for those who want to avail our Quarterly Membership and Yearly Membership.
Members those who want to avail membership for August following are the charges:
Monthly - 1k
Quarterly - 3k
Yearly - 9k
Group Discounts (On Member's Request)
Group of 5 members - 4k (Monthly)
Group of 5 members- 12k (Quarterly)
Incase of Group of 5 members all the members are requested to fill the form.
Revision of Charges from September month and onwards :
Monthly - 1.5k
Quarterly- 4k
Yearly - 15k
Thanks and Regards
🔴Rules & Disclaimers
📢PLS READ IT VERY CAREFULLY BEFORE AGREEING
1️⃣No phone calls or personal message to the admins.
2️⃣No chit-chat shall be entertained in the group.
3️⃣No sure shot on any calls.
4️⃣Profit / loss not guaranteed.
5️⃣Those who want to became crorepati in overnight please stay away from the group.
6️⃣We are not responsible for any of your profit or loss trade at ur own risk.All calls are for educational purpose only
We are not SEBI registered.
7️⃣Anyone found violating any of the above rules shall be expelled from the group and the amount so received shall not be refunded.
8️⃣Book profits as per your comfort
9️⃣SL shall be given... Exiting at stoploss or not is your decision.
⛔Note:- Entry and Exit should be taken by members choice.
⛔DISCLAIMER*
1️⃣0️⃣ I am not #SEBI registered.
1️⃣1️⃣The Above post is for educational purposes only.
1️⃣2️⃣Take any actions at your own risk only.
1️⃣3️⃣Incase of losses we will not compensate for any loss nor will refund you the membership fees incase you want to leave the group and discontinue our services.
1️⃣4️⃣The membership fees shall be payable between 23rd to 30th of the month, and the payment should be received before the designated day , incase of non payment no reminder shall be given and you will be removed from the group.
1️⃣5️⃣Tips / Advice / Suggestions (or any other similar terms ) , on any stock shall not be given which you are holding.It will not be a discussion forum but will be only be a paid service group where we will give our calls and stoploss.
1️⃣6️⃣We will hold the exclusive rights in respect of the calls shared in the group.If anyone found or reported to be sharing the calls shared by us in other paid groups he shall be expelled from the group.No amount shall be refunded.
1️⃣7️⃣There is NO REFUND POLICY in whatever case it may be.
1️⃣8️⃣we don't provide any payment bill or payment receipt
1️⃣9️⃣The last few targets in a particular call are aggressive.Waiting for them is at your own personal decision. You can book profits early as per your comforts.
2️⃣0️⃣All types of calls will be of different types and from all market caps will be shared as normal. Quantity of calls will be more to satisfy all types of members. You trade on call which suits your trading style and risk appetite
2️⃣1️⃣If anyone wants to avail the services in the middle of the month then also he will be liable to pay the complete fees of 1k.No proportionate amount on the number of days pending / any sort of discount will not be given.
2️⃣2️⃣ Calls to our Premium Members shall be provided on our Telegram Channel Only.We won't be broadcasting any calls personally nor creating any WhatsApp Group.
🔴All Rights Reserved.
📢PLS READ IT VERY CAREFULLY BEFORE AGREEING
1️⃣No phone calls or personal message to the admins.
2️⃣No chit-chat shall be entertained in the group.
3️⃣No sure shot on any calls.
4️⃣Profit / loss not guaranteed.
5️⃣Those who want to became crorepati in overnight please stay away from the group.
6️⃣We are not responsible for any of your profit or loss trade at ur own risk.All calls are for educational purpose only
We are not SEBI registered.
7️⃣Anyone found violating any of the above rules shall be expelled from the group and the amount so received shall not be refunded.
8️⃣Book profits as per your comfort
9️⃣SL shall be given... Exiting at stoploss or not is your decision.
⛔Note:- Entry and Exit should be taken by members choice.
⛔DISCLAIMER*
1️⃣0️⃣ I am not #SEBI registered.
1️⃣1️⃣The Above post is for educational purposes only.
1️⃣2️⃣Take any actions at your own risk only.
1️⃣3️⃣Incase of losses we will not compensate for any loss nor will refund you the membership fees incase you want to leave the group and discontinue our services.
1️⃣4️⃣The membership fees shall be payable between 23rd to 30th of the month, and the payment should be received before the designated day , incase of non payment no reminder shall be given and you will be removed from the group.
1️⃣5️⃣Tips / Advice / Suggestions (or any other similar terms ) , on any stock shall not be given which you are holding.It will not be a discussion forum but will be only be a paid service group where we will give our calls and stoploss.
1️⃣6️⃣We will hold the exclusive rights in respect of the calls shared in the group.If anyone found or reported to be sharing the calls shared by us in other paid groups he shall be expelled from the group.No amount shall be refunded.
1️⃣7️⃣There is NO REFUND POLICY in whatever case it may be.
1️⃣8️⃣we don't provide any payment bill or payment receipt
1️⃣9️⃣The last few targets in a particular call are aggressive.Waiting for them is at your own personal decision. You can book profits early as per your comforts.
2️⃣0️⃣All types of calls will be of different types and from all market caps will be shared as normal. Quantity of calls will be more to satisfy all types of members. You trade on call which suits your trading style and risk appetite
2️⃣1️⃣If anyone wants to avail the services in the middle of the month then also he will be liable to pay the complete fees of 1k.No proportionate amount on the number of days pending / any sort of discount will not be given.
2️⃣2️⃣ Calls to our Premium Members shall be provided on our Telegram Channel Only.We won't be broadcasting any calls personally nor creating any WhatsApp Group.
🔴All Rights Reserved.
So Guys PLEASE READ CAREFULLY & UNDERSTAND THE MATTER
To avail the paid services of our group , everyone needs to do the following set of activities :
1) Everyone needs to fill in the Google Forms with the correct and accueate details.The form needs to be read carefully and then give upon your consent.
2)Pay us the fees of Rs.1000 each month either through Google Pay or Bank Transfers(details of payment are attached in the Google Form)
3) Upon completion of payment , take a screenshot of the acknowledgement and send it to us.It can be sent to the admin on the following numbers on the WhatsApp or Telegram :
Jimit Parekh Sir : +91 9821722433
Darpan Solanki Sir : +91 9924832776
Divesh Jain Sir: +91 9870736813
Along with the screenshot pls give us your NAME & Mobile Number to confirm with our Google Form Records.
PLS NOTE : STRICTLY ONLY MESSAGES , NO CALLS ON THE GIVEN NUMBERS.
https://docs.google.com/forms/d/e/1FAIpQLSed5g8JiIGlttu3IUlkJwnCdEMzv-1Z_hr3ylfU55pepmCb6A/viewform?usp=sf_link
To avail the paid services of our group , everyone needs to do the following set of activities :
1) Everyone needs to fill in the Google Forms with the correct and accueate details.The form needs to be read carefully and then give upon your consent.
2)Pay us the fees of Rs.1000 each month either through Google Pay or Bank Transfers(details of payment are attached in the Google Form)
3) Upon completion of payment , take a screenshot of the acknowledgement and send it to us.It can be sent to the admin on the following numbers on the WhatsApp or Telegram :
Jimit Parekh Sir : +91 9821722433
Darpan Solanki Sir : +91 9924832776
Divesh Jain Sir: +91 9870736813
Along with the screenshot pls give us your NAME & Mobile Number to confirm with our Google Form Records.
PLS NOTE : STRICTLY ONLY MESSAGES , NO CALLS ON THE GIVEN NUMBERS.
https://docs.google.com/forms/d/e/1FAIpQLSed5g8JiIGlttu3IUlkJwnCdEMzv-1Z_hr3ylfU55pepmCb6A/viewform?usp=sf_link
Google Docs
MARKET WIZARD PREMIUM
🔴Rules & Disclaimers
📢PLS READ IT VERY CAREFULLY BEFORE AGREEING
1️⃣No phone calls or personal message to the admins.
2️⃣No chit-chat shall be entertained in the group.
3️⃣No sure shot on any views.
4️⃣Profit / loss not guaranteed.
5️⃣Those who want…
📢PLS READ IT VERY CAREFULLY BEFORE AGREEING
1️⃣No phone calls or personal message to the admins.
2️⃣No chit-chat shall be entertained in the group.
3️⃣No sure shot on any views.
4️⃣Profit / loss not guaranteed.
5️⃣Those who want…
*SIS Ltd.* | *CMP* Rs. 499 | *M Cap* Rs. 7412 Cr | *52 W H/L* 530/314
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 2379.2 Cr (-2.7% QoQ, 9.8% YoY) vs QoQ Rs. 2445.2 Cr, YoY Rs. 2166.7 Cr
EBIDTA came at Rs. 121.2 Cr (-1.7% QoQ, 0.3% YoY) vs QoQ Rs. 123.3 Cr, YoY Rs. 120.9 Cr
EBITDA Margin came at 5.1% vs QoQ 5%, YoY 5.6%
Adj. PAT came at Rs. 59.4 Cr vs QoQ Rs. 378.5 Cr, YoY Rs. 57.1 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 23.1x FY22E EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 2379.2 Cr (-2.7% QoQ, 9.8% YoY) vs QoQ Rs. 2445.2 Cr, YoY Rs. 2166.7 Cr
EBIDTA came at Rs. 121.2 Cr (-1.7% QoQ, 0.3% YoY) vs QoQ Rs. 123.3 Cr, YoY Rs. 120.9 Cr
EBITDA Margin came at 5.1% vs QoQ 5%, YoY 5.6%
Adj. PAT came at Rs. 59.4 Cr vs QoQ Rs. 378.5 Cr, YoY Rs. 57.1 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 23.1x FY22E EPS
*MPS Ltd.* | *CMP* Rs. 657 | *M Cap* Rs. 1186 Cr | *52 W H/L* 685/283
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 117.2 Cr (2.5% QoQ, 43.3% YoY) vs QoQ Rs. 114.3 Cr, YoY Rs. 81.8 Cr
EBIDTA came at Rs. 31.4 Cr (10% QoQ, 51.8% YoY) vs QoQ Rs. 28.6 Cr, YoY Rs. 20.7 Cr
EBITDA Margin came at 26.8% vs QoQ 25%, YoY 25.3%
Adj. PAT came at Rs. 21.4 Cr vs QoQ Rs. 12.9 Cr, YoY Rs. 13.9 Cr
Quarter EPS is Rs. 11.9
Share is trading at P/E of 17.9x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 117.2 Cr (2.5% QoQ, 43.3% YoY) vs QoQ Rs. 114.3 Cr, YoY Rs. 81.8 Cr
EBIDTA came at Rs. 31.4 Cr (10% QoQ, 51.8% YoY) vs QoQ Rs. 28.6 Cr, YoY Rs. 20.7 Cr
EBITDA Margin came at 26.8% vs QoQ 25%, YoY 25.3%
Adj. PAT came at Rs. 21.4 Cr vs QoQ Rs. 12.9 Cr, YoY Rs. 13.9 Cr
Quarter EPS is Rs. 11.9
Share is trading at P/E of 17.9x TTM EPS
*Geojit Financial Services Ltd. -C* | *CMP* Rs. 93 | *M Cap* Rs. 2217 Cr | *52 W H/L* 103/32
(Nirmal Bang Retail Research)
*Result is ok*
Total income came at Rs. 121 Cr vs YoY Rs. 91.1 Cr, QoQ Rs. 122.6 Cr
_*Segmental revenues*_
Equity & Equity Related came at Rs. 91.5 Cr vs YoY Rs. 70.4 Cr, QoQ Rs. 88.7 Cr
Financial Product Income came at Rs. 14.5 Cr vs YoY Rs. 10.2 Cr, QoQ Rs. 18.7 Cr
Software Income came at Rs. 2.8 Cr vs YoY Rs. 1.8 Cr, QoQ Rs. 2.9 Cr
Other Operating Income came at Rs. 12.1 Cr vs YoY Rs. 8.5 Cr, QoQ Rs. 11.1 Cr
Other Non-operating Income came at Rs. 0.1 Cr vs YoY Rs. 0.1 Cr, QoQ Rs. 1.2 Cr
PBT came at Rs. 50.8 Cr vs YoY Rs. 33.1 Cr, QoQ Rs. 47.7 Cr
PAT (After MI) came at Rs. 37.5 Cr vs YoY Rs. 24 Cr, QoQ Rs. 36.4 Cr
AUM - Geojit + JV (Rs Cr) came at Rs. 9253 Cr vs YoY Rs. 6268 Cr, QoQ Rs. 8466 Cr
Book Value came at Rs. 26.4 Cr vs YoY Rs. 22.2 Cr, QoQ Rs. 24.8 Cr
Quarter EPS is Rs. 1.6
Share is trading at P/E of 15x Q1FY22 annualised EPS & 3.5x trailing P/BV
(Nirmal Bang Retail Research)
*Result is ok*
Total income came at Rs. 121 Cr vs YoY Rs. 91.1 Cr, QoQ Rs. 122.6 Cr
_*Segmental revenues*_
Equity & Equity Related came at Rs. 91.5 Cr vs YoY Rs. 70.4 Cr, QoQ Rs. 88.7 Cr
Financial Product Income came at Rs. 14.5 Cr vs YoY Rs. 10.2 Cr, QoQ Rs. 18.7 Cr
Software Income came at Rs. 2.8 Cr vs YoY Rs. 1.8 Cr, QoQ Rs. 2.9 Cr
Other Operating Income came at Rs. 12.1 Cr vs YoY Rs. 8.5 Cr, QoQ Rs. 11.1 Cr
Other Non-operating Income came at Rs. 0.1 Cr vs YoY Rs. 0.1 Cr, QoQ Rs. 1.2 Cr
PBT came at Rs. 50.8 Cr vs YoY Rs. 33.1 Cr, QoQ Rs. 47.7 Cr
PAT (After MI) came at Rs. 37.5 Cr vs YoY Rs. 24 Cr, QoQ Rs. 36.4 Cr
AUM - Geojit + JV (Rs Cr) came at Rs. 9253 Cr vs YoY Rs. 6268 Cr, QoQ Rs. 8466 Cr
Book Value came at Rs. 26.4 Cr vs YoY Rs. 22.2 Cr, QoQ Rs. 24.8 Cr
Quarter EPS is Rs. 1.6
Share is trading at P/E of 15x Q1FY22 annualised EPS & 3.5x trailing P/BV
*Happiest Minds Technologies Ltd.* | *CMP* Rs. 1387 | *M Cap* Rs. 20370 Cr | *52 W H/L* 1581/286
(Nirmal Bang Retail Research)
Dollar revenue came at $ 33.2 mn vs QoQ $ 30.3 mn, YoY $ 23.4 mn Up 9.6% QoQ and 41.4% yoy
*Result improved*
Revenue from Operations came at Rs. 244.6 Cr (10.8% QoQ, 38.2% YoY) vs QoQ Rs. 220.7 Cr, YoY Rs. 177 Cr
EBIDTA came at Rs. 56.9 Cr (2% QoQ, 50.3% YoY) vs QoQ Rs. 55.8 Cr, YoY Rs. 37.9 Cr
EBITDA Margin came at 23.3% vs QoQ 25.3%, YoY 21.4%
Adj. PAT came at Rs. 41.8 Cr vs QoQ Rs. 36.1 Cr, YoY Rs. 50.2 Cr
Quarter EPS is Rs. 2.8
Share is trading at P/E of 110x FY22E EPS
(Nirmal Bang Retail Research)
Dollar revenue came at $ 33.2 mn vs QoQ $ 30.3 mn, YoY $ 23.4 mn Up 9.6% QoQ and 41.4% yoy
*Result improved*
Revenue from Operations came at Rs. 244.6 Cr (10.8% QoQ, 38.2% YoY) vs QoQ Rs. 220.7 Cr, YoY Rs. 177 Cr
EBIDTA came at Rs. 56.9 Cr (2% QoQ, 50.3% YoY) vs QoQ Rs. 55.8 Cr, YoY Rs. 37.9 Cr
EBITDA Margin came at 23.3% vs QoQ 25.3%, YoY 21.4%
Adj. PAT came at Rs. 41.8 Cr vs QoQ Rs. 36.1 Cr, YoY Rs. 50.2 Cr
Quarter EPS is Rs. 2.8
Share is trading at P/E of 110x FY22E EPS
*Sagar Cements Ltd.* | *CMP* Rs. 1340 | *M Cap* Rs. 3148 Cr | *52 W H/L* 1390/439
(Nirmal Bang Retail Research)
*Result is above expectation*
Revenue from Operations came at Rs. 392.6 Cr (-6% QoQ, 48.6% YoY) vs expectation of Rs. 365.6 Cr, QoQ Rs. 417.7 Cr, YoY Rs. 264.1 Cr
EBIDTA came at Rs. 107.1 Cr (2.7% QoQ, 23.1% YoY) vs expectation of Rs. 96.2 Cr, QoQ Rs. 104.3 Cr, YoY Rs. 87 Cr
EBITDA Margin came at 27.3% vs expectation of 26.3%, QoQ 25%, YoY 32.9%
Adj. PAT came at Rs. 51.4 Cr vs expectation of Rs. 44.7 Cr, QoQ Rs. 50 Cr, YoY Rs. 36.1 Cr
Quarter EPS is Rs. 21.9
Share is trading at EV/EBITDA of 7.57x FY23E EBITDA
(Nirmal Bang Retail Research)
*Result is above expectation*
Revenue from Operations came at Rs. 392.6 Cr (-6% QoQ, 48.6% YoY) vs expectation of Rs. 365.6 Cr, QoQ Rs. 417.7 Cr, YoY Rs. 264.1 Cr
EBIDTA came at Rs. 107.1 Cr (2.7% QoQ, 23.1% YoY) vs expectation of Rs. 96.2 Cr, QoQ Rs. 104.3 Cr, YoY Rs. 87 Cr
EBITDA Margin came at 27.3% vs expectation of 26.3%, QoQ 25%, YoY 32.9%
Adj. PAT came at Rs. 51.4 Cr vs expectation of Rs. 44.7 Cr, QoQ Rs. 50 Cr, YoY Rs. 36.1 Cr
Quarter EPS is Rs. 21.9
Share is trading at EV/EBITDA of 7.57x FY23E EBITDA
*Oracle Financial Services Software Ltd.* | *CMP* Rs. 4374 | *M Cap* Rs. 37671 Cr | *52 W H/L* 4374/2850
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1397.3 Cr (15.4% QoQ, 4.5% YoY) vs QoQ Rs. 1210.9 Cr, YoY Rs. 1337.3 Cr
EBIDTA came at Rs. 732.5 Cr (24.3% QoQ, 6.2% YoY) vs QoQ Rs. 589.5 Cr, YoY Rs. 690.1 Cr
EBITDA Margin came at 52.4% vs QoQ 48.7%, YoY 51.6%
Adj. PAT came at Rs. 524.1 Cr vs QoQ Rs. 460.3 Cr, YoY Rs. 479.8 Cr
Quarter EPS is Rs. 60.9
Share is trading at P/E of 20.9x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1397.3 Cr (15.4% QoQ, 4.5% YoY) vs QoQ Rs. 1210.9 Cr, YoY Rs. 1337.3 Cr
EBIDTA came at Rs. 732.5 Cr (24.3% QoQ, 6.2% YoY) vs QoQ Rs. 589.5 Cr, YoY Rs. 690.1 Cr
EBITDA Margin came at 52.4% vs QoQ 48.7%, YoY 51.6%
Adj. PAT came at Rs. 524.1 Cr vs QoQ Rs. 460.3 Cr, YoY Rs. 479.8 Cr
Quarter EPS is Rs. 60.9
Share is trading at P/E of 20.9x TTM EPS
*HSIL LTD.* | *CMP* Rs. 272 | *M Cap* Rs. 1955 Cr | *52 W H/L* 272/53
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 416.2 Cr (-34.3% QoQ, 65.4% YoY) vs QoQ Rs. 633.2 Cr, YoY Rs. 251.6 Cr
EBIDTA came at Rs. 60.9 Cr (-37% QoQ, 148.9% YoY) vs QoQ Rs. 96.7 Cr, YoY Rs. 24.5 Cr
EBITDA Margin came at 14.6% vs QoQ 15.3%, YoY 9.7%
Adj. PAT came at Rs. 11.3 Cr vs QoQ Rs. 33 Cr, YoY Rs. -17.4 Cr
Quarter EPS is Rs. 1.6
Share is trading at P/E of 16.8x TTM EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 416.2 Cr (-34.3% QoQ, 65.4% YoY) vs QoQ Rs. 633.2 Cr, YoY Rs. 251.6 Cr
EBIDTA came at Rs. 60.9 Cr (-37% QoQ, 148.9% YoY) vs QoQ Rs. 96.7 Cr, YoY Rs. 24.5 Cr
EBITDA Margin came at 14.6% vs QoQ 15.3%, YoY 9.7%
Adj. PAT came at Rs. 11.3 Cr vs QoQ Rs. 33 Cr, YoY Rs. -17.4 Cr
Quarter EPS is Rs. 1.6
Share is trading at P/E of 16.8x TTM EPS
*WABCO INDIA LTD.* | *CMP* Rs. 7177 | *M Cap* Rs. 13613 Cr | *52 W H/L* 7872/4750
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 491.9 Cr (-30.9% QoQ, 196.4% YoY) vs QoQ Rs. 712.3 Cr, YoY Rs. 166 Cr
EBIDTA came at Rs. 42.1 Cr (-49.5% QoQ, -247.2% YoY) vs QoQ Rs. 83.5 Cr, YoY Rs. -28.6 Cr
EBITDA Margin came at 8.6% vs QoQ 11.7%, YoY -17.2%
Adj. PAT came at Rs. 21.4 Cr vs QoQ Rs. 47.6 Cr, YoY Rs. -31.4 Cr
Quarter EPS is Rs. 11.3
Share is trading at P/E of 60.2x FY22E EPS
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 491.9 Cr (-30.9% QoQ, 196.4% YoY) vs QoQ Rs. 712.3 Cr, YoY Rs. 166 Cr
EBIDTA came at Rs. 42.1 Cr (-49.5% QoQ, -247.2% YoY) vs QoQ Rs. 83.5 Cr, YoY Rs. -28.6 Cr
EBITDA Margin came at 8.6% vs QoQ 11.7%, YoY -17.2%
Adj. PAT came at Rs. 21.4 Cr vs QoQ Rs. 47.6 Cr, YoY Rs. -31.4 Cr
Quarter EPS is Rs. 11.3
Share is trading at P/E of 60.2x FY22E EPS
Maruti Suzuki Q1FY22 Con-call Update
(Nirmal Bang Retail Research)
Outlook: Neutral
• The company had sold 353614 units in Q1FY22.; Net sales were at Rs. 16,798.7 Cr
• PAT for Q1FY22 stood at Rs. 440.8 Cr which compared to a loss of Rs. 249.4 Cr YoY but Rs. 11661 Cr due to lower sale volumes and commodity prices (inflation at 3.5%) increasing steeply but the company has cost reduction efforts in place.
• For Q1FY22, the company had domestic sales of 308,095 units while exports were 45,519 units
• The company had announced a price hike in April of 1.6% and also in the month of July across segments and may increase further in the coming months
• The company has been negatively impacted by the global semi-conductor shortage and supply issues in India due to various restrictions and lockdowns in various states
• The company expects a recovery in demand in not only rural but urban as well
• The first-time buyer in Q1FY22 came down to 45.4% as against 46.9% YoY and the company expects the replacement demand to increase 25-26%
• The company has seen improved demand in the CNG technology by customers but there was shortage of CNG cylinder production and used for industrial use
• The company has pending order of 170000 units and network stock is at 135000-138000 units.
• The retail booking in the month of July has been flat Vs June but is expected to increase in the coming months
• The company has retail market share of 40% and wholesale market share of 46%
• Market share without SUV segment, 65.4% (grew by 5.7%), PCR 62.9% (up 4.8%), MPV 69.2%(up 14.24%) and in vans 97.2% (up 1.4%)
• The new plant in Gujarat commenced with a capacity of 250000 units per year but is at half its capacity in this quarter
• The capex for FY22 is expected at Rs. 4500 Cr but maybe altered depending on the pandemic
Share is trading at a P/E of 33.2x FY22EPS
(Nirmal Bang Retail Research)
Outlook: Neutral
• The company had sold 353614 units in Q1FY22.; Net sales were at Rs. 16,798.7 Cr
• PAT for Q1FY22 stood at Rs. 440.8 Cr which compared to a loss of Rs. 249.4 Cr YoY but Rs. 11661 Cr due to lower sale volumes and commodity prices (inflation at 3.5%) increasing steeply but the company has cost reduction efforts in place.
• For Q1FY22, the company had domestic sales of 308,095 units while exports were 45,519 units
• The company had announced a price hike in April of 1.6% and also in the month of July across segments and may increase further in the coming months
• The company has been negatively impacted by the global semi-conductor shortage and supply issues in India due to various restrictions and lockdowns in various states
• The company expects a recovery in demand in not only rural but urban as well
• The first-time buyer in Q1FY22 came down to 45.4% as against 46.9% YoY and the company expects the replacement demand to increase 25-26%
• The company has seen improved demand in the CNG technology by customers but there was shortage of CNG cylinder production and used for industrial use
• The company has pending order of 170000 units and network stock is at 135000-138000 units.
• The retail booking in the month of July has been flat Vs June but is expected to increase in the coming months
• The company has retail market share of 40% and wholesale market share of 46%
• Market share without SUV segment, 65.4% (grew by 5.7%), PCR 62.9% (up 4.8%), MPV 69.2%(up 14.24%) and in vans 97.2% (up 1.4%)
• The new plant in Gujarat commenced with a capacity of 250000 units per year but is at half its capacity in this quarter
• The capex for FY22 is expected at Rs. 4500 Cr but maybe altered depending on the pandemic
Share is trading at a P/E of 33.2x FY22EPS
*Tips Industries Q1FY22 Concall Update*
(Nirmal Bang Securities)
*Outlook: Positive in long term*
• Demerger between films & music business could happen by end of Dec.
• Indian music industry is growing at 15% CAGR driven by internet platforms.
• Company has digitized its catalogue comprising over 29,000 songs in multiple Indian languages and genres with new additions every year. 60-65% of the songs were acquired in 1990s.
• Co shall add new streaming clients in the current qtr. Gaana is already a client and is due for renewal shortly. Saavn renewal happened in Dec 2020.
• 70% of music revenue accrues from digital. Out of digital, 50% is OTT & 50% is UGC (user generated content) on social media (example: Instagram Reels).
• Facebook and some OTTs pay upfront to Tips. Some OTTs pay 10 paisa per stream. Youtube shares a % of ad revenue with Tips. Thus there are 3 different payment models.
• Currently Tips estimates Facebook to be paying hardly 100-150 Cr upfront to all music labels as it is starting off with music content. Post few years this revenue could increase substantially as Facebook is making substantially more revenue from ads.
• Co has guided for 25% revenue growth in FY22 and this growth rate is expected to continue in medium term. Co is today the 5th or 6th largest music co in India and is aiming to become the No. 3 in coming years.
• # On negative side, co’s quarterly topline has been at ~Rs. 28 Cr run rate since 3 qtrs now.
*Content Acquisition*
• Co expenses out entire content acquisition cost in the first year itself and does not capitalize it (unlike Saregama). Co will stick to this conservative accounting approach.
• While acquiring content, co will also focus on maintaining its profit margins. Co refused from providing any guidance on content acquisition costs.
• Film music is bought on album wise. Range for one album is 10 lacs to 25 cr depending on the quality. Similarly for a single pop music song, cost ranges from 3 lacs to 3 cr.
• Co is also recreating old songs and monetizing them.
Stock is trading at 28.1x Q1FY22 annualised EPS
(Nirmal Bang Securities)
*Outlook: Positive in long term*
• Demerger between films & music business could happen by end of Dec.
• Indian music industry is growing at 15% CAGR driven by internet platforms.
• Company has digitized its catalogue comprising over 29,000 songs in multiple Indian languages and genres with new additions every year. 60-65% of the songs were acquired in 1990s.
• Co shall add new streaming clients in the current qtr. Gaana is already a client and is due for renewal shortly. Saavn renewal happened in Dec 2020.
• 70% of music revenue accrues from digital. Out of digital, 50% is OTT & 50% is UGC (user generated content) on social media (example: Instagram Reels).
• Facebook and some OTTs pay upfront to Tips. Some OTTs pay 10 paisa per stream. Youtube shares a % of ad revenue with Tips. Thus there are 3 different payment models.
• Currently Tips estimates Facebook to be paying hardly 100-150 Cr upfront to all music labels as it is starting off with music content. Post few years this revenue could increase substantially as Facebook is making substantially more revenue from ads.
• Co has guided for 25% revenue growth in FY22 and this growth rate is expected to continue in medium term. Co is today the 5th or 6th largest music co in India and is aiming to become the No. 3 in coming years.
• # On negative side, co’s quarterly topline has been at ~Rs. 28 Cr run rate since 3 qtrs now.
*Content Acquisition*
• Co expenses out entire content acquisition cost in the first year itself and does not capitalize it (unlike Saregama). Co will stick to this conservative accounting approach.
• While acquiring content, co will also focus on maintaining its profit margins. Co refused from providing any guidance on content acquisition costs.
• Film music is bought on album wise. Range for one album is 10 lacs to 25 cr depending on the quality. Similarly for a single pop music song, cost ranges from 3 lacs to 3 cr.
• Co is also recreating old songs and monetizing them.
Stock is trading at 28.1x Q1FY22 annualised EPS
Coforge Ltd.
(Nirmal Bang Retail Research)
*Outlook – Positive*
Management has upgraded revenue guidance for FY22 to grow above 19% organic growth vs guidance of 17% guided last quarter. Increase in revenue will be supported by, good order book , Increase recognition of product eng capabilities , Foraying Into newer verticals has started to show results., however, supply side challenges for revenue growth continues. On Ebitda margin front management has maintained the guidance of 19% . Q2 the company will have margin improvement by 200 Bps . Growth in Margin will be supported by continued growth, discount reversal in travel, operating leverage , Headwinds are wage increase, increase in retention and hiring cost .
• Utilisation for the quarter dipped and came at 77% vs 81% QoQ. Decrease in utilisation is due to deals asked for upfront cost.Utilisation is expected to normalise with deals ramping up
• Employees for the quarter stood at 20491 , of these Coforge employees stood at 13529 , addition of 1138 employees
• Order executable in next 12 months came at $ 645 mn ( coforge stands at $560 mn vs QoQ $ 520 mn, YoY $ 465 mn. The company has won 3 large deals of this 2 is from BFS & insurance .Dollar revenue came at $ 199.7 mn (+7.6% organic growth )
• Share is trading at P/E of 35.5x FY23E EPS
(Nirmal Bang Retail Research)
*Outlook – Positive*
Management has upgraded revenue guidance for FY22 to grow above 19% organic growth vs guidance of 17% guided last quarter. Increase in revenue will be supported by, good order book , Increase recognition of product eng capabilities , Foraying Into newer verticals has started to show results., however, supply side challenges for revenue growth continues. On Ebitda margin front management has maintained the guidance of 19% . Q2 the company will have margin improvement by 200 Bps . Growth in Margin will be supported by continued growth, discount reversal in travel, operating leverage , Headwinds are wage increase, increase in retention and hiring cost .
• Utilisation for the quarter dipped and came at 77% vs 81% QoQ. Decrease in utilisation is due to deals asked for upfront cost.Utilisation is expected to normalise with deals ramping up
• Employees for the quarter stood at 20491 , of these Coforge employees stood at 13529 , addition of 1138 employees
• Order executable in next 12 months came at $ 645 mn ( coforge stands at $560 mn vs QoQ $ 520 mn, YoY $ 465 mn. The company has won 3 large deals of this 2 is from BFS & insurance .Dollar revenue came at $ 199.7 mn (+7.6% organic growth )
• Share is trading at P/E of 35.5x FY23E EPS
Birlasoft Ltd.
(Nirmal Bang Retail Research)
*Outlook – Positive*
Management has guided for revenue growth of being in mid teens in FY22. pent up demand will contribute to growth ahead. Discounts given was taken back before Q1 started.On margin front , in Q2 operating margins is expected to be stable inspite of the wage hike impact of 1.5% to 2% . Travel expense is expected to come back in H2 However operating margins is expected to improve With improvement in operational efficiency
• TCV for the quarter came at $153 mn , Of this $ 94 mn was new business
• Tax rate 24.9% shifted to new regime . ETR will stabilise between 26-27%
• Share is trading at P/E of 20.6x FY23E EPS
(Nirmal Bang Retail Research)
*Outlook – Positive*
Management has guided for revenue growth of being in mid teens in FY22. pent up demand will contribute to growth ahead. Discounts given was taken back before Q1 started.On margin front , in Q2 operating margins is expected to be stable inspite of the wage hike impact of 1.5% to 2% . Travel expense is expected to come back in H2 However operating margins is expected to improve With improvement in operational efficiency
• TCV for the quarter came at $153 mn , Of this $ 94 mn was new business
• Tax rate 24.9% shifted to new regime . ETR will stabilise between 26-27%
• Share is trading at P/E of 20.6x FY23E EPS
*Granules India – Q1FY22 Concall Update – Nirmal Bang Sec.*
*Outlook – Positive*
*_As the raw material availability is easing, expect 2H to be better than 1H_*
The stock is trading at 17.5x FY22E consensus earnings
• Availability of Para-aminophenol - raw material of Paracetamol was a key challenge during Q1 – however situation has started easing up from Q2 – one domestic company has started production and another company is expected to start in a few months – in addition a few plants in China are coming up, also shut down plants are expected to open up in few months
• Expansion of formulations into newer geographies has started – got approval for two of its existing products in Europe; in addition, the company continues to file more
• Received approval for 1 product each in Canada and Latam and were launched through a partner
• Aiming to increase share of other products over 40% by FY25
• Glenmark US – had pre-approval inspection from USFDA – got EIR within 25 days; expect approval for 3 products
• Expect MUPs facility to be fully utilized by FY25
• GM contracted – due to reduction in margins of paracetamol as KSM prices increased
• EBITDA – margins dropped due to lower gross margins and higher logistics costs
• Filed – 1 ANDAs, 2 EU dossiers
• From Q3 onwards – should see improvement in capacity utilisation of paracetamol plant
• Launched only 1 product in US – high volume product – having $100mn market size
• R&D – 140-150 cr FY22
• 8-10 launches in FY22
• Confident of export benefit to come however expect the benefit rate to be lower than earlier
• Ibuprofen ahs declined during the quarter due to Covid the demand was impacted – management expects this to normalise going forward
• 5 core molecules to grow 8-10% and other molecules to grow by 50%
• The management has clarified again that they don’t have any plans to exit the business
*Outlook – Positive*
*_As the raw material availability is easing, expect 2H to be better than 1H_*
The stock is trading at 17.5x FY22E consensus earnings
• Availability of Para-aminophenol - raw material of Paracetamol was a key challenge during Q1 – however situation has started easing up from Q2 – one domestic company has started production and another company is expected to start in a few months – in addition a few plants in China are coming up, also shut down plants are expected to open up in few months
• Expansion of formulations into newer geographies has started – got approval for two of its existing products in Europe; in addition, the company continues to file more
• Received approval for 1 product each in Canada and Latam and were launched through a partner
• Aiming to increase share of other products over 40% by FY25
• Glenmark US – had pre-approval inspection from USFDA – got EIR within 25 days; expect approval for 3 products
• Expect MUPs facility to be fully utilized by FY25
• GM contracted – due to reduction in margins of paracetamol as KSM prices increased
• EBITDA – margins dropped due to lower gross margins and higher logistics costs
• Filed – 1 ANDAs, 2 EU dossiers
• From Q3 onwards – should see improvement in capacity utilisation of paracetamol plant
• Launched only 1 product in US – high volume product – having $100mn market size
• R&D – 140-150 cr FY22
• 8-10 launches in FY22
• Confident of export benefit to come however expect the benefit rate to be lower than earlier
• Ibuprofen ahs declined during the quarter due to Covid the demand was impacted – management expects this to normalise going forward
• 5 core molecules to grow 8-10% and other molecules to grow by 50%
• The management has clarified again that they don’t have any plans to exit the business
*UTI Asset Management Company Ltd. - S* | *CMP* Rs. 0 | *M Cap* Rs. 0 Cr | *52 W H/L*
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 344.4 Cr vs YoY Rs. 261.3 Cr, QoQ Rs. 289.2 Cr
EBITDA came at Rs. 189.6 Cr vs YoY Rs. 162.6 Cr, QoQ Rs. 159.2 Cr
EBITDA Margin % came at 55.1 YoY 62.2% vs QoQ 55%
PAT came at Rs. 155 Cr vs YoY Rs. 139.8 Cr, QoQ Rs. 133.6 Cr
AUMs (Rs. Bn) came at Rs. 1872.1 Cr vs YoY Rs. 1336 Cr, QoQ Rs. 1828.5 Cr
Quarter EPS is Rs. 6.1
Share is trading at P/E of 38.9x FY23E EPS & 7.4x trailing P/BV
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 344.4 Cr vs YoY Rs. 261.3 Cr, QoQ Rs. 289.2 Cr
EBITDA came at Rs. 189.6 Cr vs YoY Rs. 162.6 Cr, QoQ Rs. 159.2 Cr
EBITDA Margin % came at 55.1 YoY 62.2% vs QoQ 55%
PAT came at Rs. 155 Cr vs YoY Rs. 139.8 Cr, QoQ Rs. 133.6 Cr
AUMs (Rs. Bn) came at Rs. 1872.1 Cr vs YoY Rs. 1336 Cr, QoQ Rs. 1828.5 Cr
Quarter EPS is Rs. 6.1
Share is trading at P/E of 38.9x FY23E EPS & 7.4x trailing P/BV
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Stocks To Watch
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HDFC: Updated its existing Medium Term Note Programme for an amount of up to $2.8 billion to enable the corporation to issue rupee/foreign currency denominated bonds in the international capital markets, subject to regulatory approvals.
Amara Raja Batteries: Andhra Pradesh High Court on July 26 heard the matter pertaining to the closure orders received by the company from Andhra Pradesh Pollution Control Board. The high court has extended the interim suspension of said orders of APPCB by four weeks. The next hearing is scheduled on August 16. The company’s plants situated at Karakambadi, Tirupati and Nunegundlapalli Village, Chittoor District, Andhra Pradesh had received closure orders from APPCB.
Canara Bank: Subscribed to 50,000 equity shares of IBBIC Private Limited, representing 5.55% of the issued and paid-up capital of the company, at Rs 10 each aggregating to Rs 5 lakh on July 26.
HCL Technologies: Appointed Jill Kouri as Global Chief Marketing Officer.
Isgec Heavy Engineering: Isgec Hitachi Zosen (a joint venture of Isgec Heavy Engineering and Hitachi Zosen Corporation) received a major order for a PTA Reactor for a public sector petrochemical project from Technip Energies, Noida.
Astec LifeSciences: Appointed Anurag Roy as Chief Executive Officer for a term of 3 years with effect from July 28.
Earnings: Tech Mahindra, Colgate-Palmolive (India), Indus Towers, Container Corporation Of India, TVS Motor Company, Deepak Nitrite, Laurus Labs, Eris Lifesciences, Ajanta Pharma, JK Lakshmi Cement, LIC Housing Finance, Union Bank Of India, Aegis Logistics, AAVAS Financiers, EIH, EPL, Genus Power Infrastructures, Great Eastern Shipping Co., Jindal Stainless (Hisar), Solar Industries India, Jyothy Labs, ADF Foods, DFM Foods, Future Retail, Firstsource Solutions, Shriram City Union Finance, Motilal Oswal Financial Services, Dhanuka Agritech, CCL Products (India), Andhra Paper, Dwarikesh Sugar Industries, GHCL, Garware Hi-Tech Films, Hawkins Cookers, Home First Finance Company India, KSB, Mahindra Holidays & Resorts India, Mangalore Refinery & Petrochemicals, Oberoi Realty, Olectra Greentech, Orient Electric, Parag Milk Foods, Poly Medicure, Privi Speciality Chemicals, Prism Johnson, Punjab & Sind Bank, PVR, Raymond, Shoppers Stop, Shree Digvijay Cement Co., Stove Kraft, Vaibhav Global, Vardhman Textiles, Welspun Corp, Welspun Enterprises
Axis Bank: RBI has imposed Rs 5 crore penalty on the bank. Penalty imposed for contravention of RBI's cybersecurity framework. RBI reviewed the supervisory evaluations of the bank over the last few years, an instance of fraud and instances of suspicious transactions in June 2020. After considering the bank's responses to show cause notices and oral submissions at a personal hearing the RBI imposed the fine.
HDFC: Updated its existing Medium Term Note Programme for an amount of up to $2.8 billion to enable the corporation to issue rupee/foreign currency denominated bonds in the international capital markets, subject to regulatory approvals.
Amara Raja Batteries: Andhra Pradesh High Court on July 26 heard the matter pertaining to the closure orders received by the company from Andhra Pradesh Pollution Control Board. The high court has extended the interim suspension of said orders of APPCB by four weeks. The next hearing is scheduled on August 16. The company’s plants situated at Karakambadi, Tirupati and Nunegundlapalli Village, Chittoor District, Andhra Pradesh had received closure orders from APPCB.
Canara Bank: Subscribed to 50,000 equity shares of IBBIC Private Limited, representing 5.55% of the issued and paid-up capital of the company, at Rs 10 each aggregating to Rs 5 lakh on July 26.
HCL Technologies: Appointed Jill Kouri as Global Chief Marketing Officer.
Isgec Heavy Engineering: Isgec Hitachi Zosen (a joint venture of Isgec Heavy Engineering and Hitachi Zosen Corporation) received a major order for a PTA Reactor for a public sector petrochemical project from Technip Energies, Noida.
Astec LifeSciences: Appointed Anurag Roy as Chief Executive Officer for a term of 3 years with effect from July 28.
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