*Kalyani Steels Ltd.* | *CMP* Rs. 458 | *M Cap* Rs. 2000 Cr | *52 W H/L* 466/197
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 389.7 Cr (3.3% QoQ, 221.6% YoY) vs QoQ Rs. 377.2 Cr, YoY Rs. 121.2 Cr
EBIDTA came at Rs. 95.7 Cr (-7.8% QoQ, 569.4% YoY) vs QoQ Rs. 103.8 Cr, YoY Rs. 14.3 Cr
EBITDA Margin came at 24.6% vs QoQ 27.5%, YoY 11.8%
Adj. PAT came at Rs. 69.9 Cr vs QoQ Rs. 75.9 Cr, YoY Rs. 8.8 Cr
Quarter EPS is Rs. 16
Share is trading at P/E of 8x TTM EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 389.7 Cr (3.3% QoQ, 221.6% YoY) vs QoQ Rs. 377.2 Cr, YoY Rs. 121.2 Cr
EBIDTA came at Rs. 95.7 Cr (-7.8% QoQ, 569.4% YoY) vs QoQ Rs. 103.8 Cr, YoY Rs. 14.3 Cr
EBITDA Margin came at 24.6% vs QoQ 27.5%, YoY 11.8%
Adj. PAT came at Rs. 69.9 Cr vs QoQ Rs. 75.9 Cr, YoY Rs. 8.8 Cr
Quarter EPS is Rs. 16
Share is trading at P/E of 8x TTM EPS
*Ashok Leyland July 2021 Sales – Marginally below expectation*
(Nirmal Bang Retail Research)
Total Sales came at 8650 units vs expectation of 9750 units, YoY 4775 units (81%) and MoM 6448 units (34%)
(Nirmal Bang Retail Research)
Total Sales came at 8650 units vs expectation of 9750 units, YoY 4775 units (81%) and MoM 6448 units (34%)
*Mahindra & Mahindra July 2021 Sales – In line with expectation*
(Nirmal Bang Retail Research)
Auto segment came at 42983 units vs expectation of 35087 units, YoY 25678 units (67%) and MoM 32964 units (30%)
Tractor segment came at 27229 units vs expectation of 31684 units, YoY 25402 units (7%) and MoM 48222 units (-44%)
Total Sales (Auto+Tractors) came at 70212 units vs expectation of 66771 units, YoY 51080 units (37%) and MoM 81186 units (-14%)
(Nirmal Bang Retail Research)
Auto segment came at 42983 units vs expectation of 35087 units, YoY 25678 units (67%) and MoM 32964 units (30%)
Tractor segment came at 27229 units vs expectation of 31684 units, YoY 25402 units (7%) and MoM 48222 units (-44%)
Total Sales (Auto+Tractors) came at 70212 units vs expectation of 66771 units, YoY 51080 units (37%) and MoM 81186 units (-14%)
*TVS Motor July 2021 Sales – In line with expectation*
(Nirmal Bang Retail Research)
Total Sales (2W+3W) came at 278855 units vs expectation of 284350 units, YoY 252744 units (10%) and MoM 251886 units (11%)
(Nirmal Bang Retail Research)
Total Sales (2W+3W) came at 278855 units vs expectation of 284350 units, YoY 252744 units (10%) and MoM 251886 units (11%)
*Carborundum Universal Ltd.* | *CMP* Rs. 717 | *M Cap* Rs. 13595 Cr | *52 W H/L* 717/232
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 711.6 Cr (-5.9% QoQ, 58.3% YoY) vs expectation of Rs. 731.5 Cr, QoQ Rs. 756.6 Cr, YoY Rs. 449.6 Cr
EBIDTA came at Rs. 118.2 Cr (-25.4% QoQ, 172.5% YoY) vs expectation of Rs. 122.8 Cr, QoQ Rs. 158.5 Cr, YoY Rs. 43.4 Cr
EBITDA Margin came at 16.6% vs expectation of 16.8%, QoQ 20.9%, YoY 9.6%
Adj. PAT came at Rs. 77.1 Cr vs expectation of Rs. 78.6 Cr, QoQ Rs. 104.9 Cr, YoY Rs. 19.7 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 38.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 711.6 Cr (-5.9% QoQ, 58.3% YoY) vs expectation of Rs. 731.5 Cr, QoQ Rs. 756.6 Cr, YoY Rs. 449.6 Cr
EBIDTA came at Rs. 118.2 Cr (-25.4% QoQ, 172.5% YoY) vs expectation of Rs. 122.8 Cr, QoQ Rs. 158.5 Cr, YoY Rs. 43.4 Cr
EBITDA Margin came at 16.6% vs expectation of 16.8%, QoQ 20.9%, YoY 9.6%
Adj. PAT came at Rs. 77.1 Cr vs expectation of Rs. 78.6 Cr, QoQ Rs. 104.9 Cr, YoY Rs. 19.7 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 38.5x FY22E EPS
*Atul Auto July 2021 Sales – continued to remain weak*
(Nirmal Bang Retail Research)
Sales came at 1305 vs YoY 1241 units (5%) and MoM 724 units (80%)
(Nirmal Bang Retail Research)
Sales came at 1305 vs YoY 1241 units (5%) and MoM 724 units (80%)
Daily Market Highlights | 2nd August 2021 📊
NIFTY50: ₹15,885.15 | +0.77%
Top Gainers 📈
TITAN: +3.58%
SHREECEM: +3.52%
BPCL: +3.05%
ADANIPORTS: +2.93%
EICHERMOT: +2.89%
Top Losers 📉
UPL: -2.25%
TATASTEEL: -1.49%
BAJAJFINSV: -0.62%
BAJFINANCE: -0.41%
TECHM: -0.29%
NIFTY50: ₹15,885.15 | +0.77%
Top Gainers 📈
TITAN: +3.58%
SHREECEM: +3.52%
BPCL: +3.05%
ADANIPORTS: +2.93%
EICHERMOT: +2.89%
Top Losers 📉
UPL: -2.25%
TATASTEEL: -1.49%
BAJAJFINSV: -0.62%
BAJFINANCE: -0.41%
TECHM: -0.29%