*Titan Company Ltd.* | *CMP* Rs. 1800 | *M Cap* Rs. 159802 Cr | *52 W H/L* 1800/1029
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 3473 Cr (-53.7% QoQ, 75.5% YoY) vs expectation of Rs. 2903.6 Cr, QoQ Rs. 7494 Cr, YoY Rs. 1979 Cr
EBIDTA came at Rs. 137 Cr (-83.2% QoQ, -154.2% YoY) vs expectation of Rs. 31.5 Cr, QoQ Rs. 817 Cr, YoY Rs. -253 Cr
EBITDA Margin came at 3.9% vs expectation of 1.1%, QoQ 10.9%, YoY -12.8%
Adj. PAT came at Rs. 20 Cr vs expectation of Rs. -33.5 Cr, QoQ Rs. 564 Cr, YoY Rs. -291 Cr
Quarter EPS is Rs. 0.2
Share is trading at P/E of 84.4x FY22E EPS
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 3473 Cr (-53.7% QoQ, 75.5% YoY) vs expectation of Rs. 2903.6 Cr, QoQ Rs. 7494 Cr, YoY Rs. 1979 Cr
EBIDTA came at Rs. 137 Cr (-83.2% QoQ, -154.2% YoY) vs expectation of Rs. 31.5 Cr, QoQ Rs. 817 Cr, YoY Rs. -253 Cr
EBITDA Margin came at 3.9% vs expectation of 1.1%, QoQ 10.9%, YoY -12.8%
Adj. PAT came at Rs. 20 Cr vs expectation of Rs. -33.5 Cr, QoQ Rs. 564 Cr, YoY Rs. -291 Cr
Quarter EPS is Rs. 0.2
Share is trading at P/E of 84.4x FY22E EPS
*Greenply Industries Ltd.* | *CMP* Rs. 208 | *M Cap* Rs. 2535 Cr | *52 W H/L* 225/74
(Nirmal Bang Retail Research)
*Result is below expectation*
Revenue from Operations came at Rs. 260.8 Cr (-34.3% QoQ, 96.5% YoY) vs expectation of Rs. 246.4 Cr, QoQ Rs. 396.7 Cr, YoY Rs. 132.7 Cr
EBIDTA came at Rs. 13.2 Cr (-71% QoQ, -566% YoY) vs expectation of Rs. 26.5 Cr, QoQ Rs. 45.5 Cr, YoY Rs. -2.8 Cr
EBITDA Margin came at 5.1% vs expectation of 10.8%, QoQ 11.5%, YoY -2.1%
Adj. PAT came at Rs. 4 Cr vs expectation of Rs. 10.7 Cr, QoQ Rs. 28.6 Cr, YoY Rs. -11.3 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of 23.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result is below expectation*
Revenue from Operations came at Rs. 260.8 Cr (-34.3% QoQ, 96.5% YoY) vs expectation of Rs. 246.4 Cr, QoQ Rs. 396.7 Cr, YoY Rs. 132.7 Cr
EBIDTA came at Rs. 13.2 Cr (-71% QoQ, -566% YoY) vs expectation of Rs. 26.5 Cr, QoQ Rs. 45.5 Cr, YoY Rs. -2.8 Cr
EBITDA Margin came at 5.1% vs expectation of 10.8%, QoQ 11.5%, YoY -2.1%
Adj. PAT came at Rs. 4 Cr vs expectation of Rs. 10.7 Cr, QoQ Rs. 28.6 Cr, YoY Rs. -11.3 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of 23.5x FY22E EPS
*Sumitomo Chemical India Ltd.* | *CMP* Rs. 428 | *M Cap* Rs. 21338 Cr | *52 W H/L* 458/258
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 782 Cr (46.4% QoQ, 20.7% YoY) vs QoQ Rs. 534.3 Cr, YoY Rs. 647.7 Cr
EBIDTA came at Rs. 149.8 Cr (110% QoQ, 26.2% YoY) vs QoQ Rs. 71.3 Cr, YoY Rs. 118.7 Cr
EBITDA Margin came at 19.2% vs QoQ 13.4%, YoY 18.3%
Adj. PAT came at Rs. 105.7 Cr vs QoQ Rs. 54.1 Cr, YoY Rs. 79.4 Cr
Quarter EPS is Rs. 2.1
Share is trading at P/E of 53.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 782 Cr (46.4% QoQ, 20.7% YoY) vs QoQ Rs. 534.3 Cr, YoY Rs. 647.7 Cr
EBIDTA came at Rs. 149.8 Cr (110% QoQ, 26.2% YoY) vs QoQ Rs. 71.3 Cr, YoY Rs. 118.7 Cr
EBITDA Margin came at 19.2% vs QoQ 13.4%, YoY 18.3%
Adj. PAT came at Rs. 105.7 Cr vs QoQ Rs. 54.1 Cr, YoY Rs. 79.4 Cr
Quarter EPS is Rs. 2.1
Share is trading at P/E of 53.9x FY22E EPS
*Mayur Uniquoters Ltd.* | *CMP* Rs. 534 | *M Cap* Rs. 2380 Cr | *52 W H/L* 546/209
(Nirmal Bang Retail Research)
*Result has marginally declined* due to lower margins
Revenue from Operations came at Rs. 118.2 Cr (-33.8% QoQ, 203.7% YoY) vs QoQ Rs. 178.4 Cr, YoY Rs. 38.9 Cr
EBIDTA came at Rs. 17.6 Cr (-63.9% QoQ, -1355.2% YoY) vs QoQ Rs. 48.9 Cr, YoY Rs. -1.4 Cr
EBITDA Margin came at 14.9% vs QoQ 27.4%, YoY -3.6%
Sep’2020 qtr had similar topline of Rs. 126 Cr but margins then were at 23.0%. Margin this qtr may also have been impacted as the PU unit started operations few months back and is operating at low utilization.
Adj. PAT came at Rs. 14 Cr vs QoQ Rs. 34.7 Cr, YoY Rs. 0.1 Cr
Quarter EPS is Rs. 3.1
Share is trading at P/E of 23x TTM EPS
(Nirmal Bang Retail Research)
*Result has marginally declined* due to lower margins
Revenue from Operations came at Rs. 118.2 Cr (-33.8% QoQ, 203.7% YoY) vs QoQ Rs. 178.4 Cr, YoY Rs. 38.9 Cr
EBIDTA came at Rs. 17.6 Cr (-63.9% QoQ, -1355.2% YoY) vs QoQ Rs. 48.9 Cr, YoY Rs. -1.4 Cr
EBITDA Margin came at 14.9% vs QoQ 27.4%, YoY -3.6%
Sep’2020 qtr had similar topline of Rs. 126 Cr but margins then were at 23.0%. Margin this qtr may also have been impacted as the PU unit started operations few months back and is operating at low utilization.
Adj. PAT came at Rs. 14 Cr vs QoQ Rs. 34.7 Cr, YoY Rs. 0.1 Cr
Quarter EPS is Rs. 3.1
Share is trading at P/E of 23x TTM EPS