Nahar Ind Ent
TP: ₹ 160/180
Screamingly Attractive:
✅ Tdg @ 1.5xFY22E Ebidta
✅PE Ratio 3.8xFY22EEPS
✅ Mcap 0.25xAnnual Revenue
✅ Book Value ₹ 184

🎯Q4 sets New Record:

▫️Revenue came at 467cr vs 420cr _(+12% QoQ)_ vs 411cr _(+14% YoY)_

▫️EBITDA came at 71.2cr vs 33cr _(+90% QoQ)_ vs 35cr _(+456% YoY)_

▫️EBITDA margin at 15.3% vs 7.9% _(+740 bps QoQ)_ vs 8.5% _(+690 bps YoY)_

▫️PAT came at 40.2cr vs 4.57cr _(+780% QoQ)_ vs loss of 1cr YoY

▫️Q4 EPS came at 10.1 vs 1.15 _(+780% QoQ)_ vs Negative EPS of 0.66 YoY

Our earlier Report👇

NAHAR IND ENT:TP Rs 150
Time Frame:18 months
Cheapest Textile Stock

💎Mcap just 11%xFY22E Sales
Capex 2100 Cr for similar capacity new plant
Stock had traded at 170 when Sensex was 1/3rd of current levels

🎯🎯Yarn▶️Fabric➡️Garment⏩⏩Retail

🌈Cotton County Retail Ltd being merged with Nahar Ind Ent

✅ CMP 0.35xBook
✅Tdg @ 1.2xFY22EEbidta
✅ Quoting @ 3.2xFY22EEPS
✅Mcap only 11%xFY22E Revenue

Excellent Q3FY21
🚀🚀EBITDA 33cr vs 6cr _(+450% QoQ) vs 21cr _(+57% YoY)_

🚀🚀PAT 5cr vs 20cr Loss QoQ vs 2.7cr _(+85% YoY)_

🚀🚀EPS ₹ 1.13 vs (-5.09) QoQ vs 0.66 _(+85% YoY)_

Decent Capacities

# 271000 Spindles for Yarn
#7832 Rotors for Yarn
#110 million mtr Fabric capacity
# 13 TPD Yarn dyeing ( big)
#53 MW captive Power Plant
# 2500 TCD Sugar plant
# Total 7 plants

✅Mcap 220 Cr Vs 148 Cr Ebidta ( FY18)
✅Mcap 220 Cr Vs 2000- Cr Revenue

PAST FINANCIALS~

💎FY18- Revenue 1759 Cr, Interest 71 Cr, Depreciation 66 Cr, NP 18 Cr *Ebidta 148 Cr*
💎 FY19-Revenue 1866 Cr, Interest 67 Cr, Depreciation 79 Cr, Profit (22Cr), *Ebidta 118 Cr*
💎 FY20-Revenue 1573 Cr, Interest 65 Cr, Depreciation 71 Cr, Profit (25 Cr) *Ebidta 91 Cr*

FY18 was moderate year. However, performance had declined in subsequent 2 years as globally, yarn/Fabric prices had declined 10-15%

NAHARINDUS has reported only 1 Cr Ebidta in H1FY21 due to lockdown as plants operated at around 25% capacity

🌈 Current Cotton Textile boom can last for next 2 years at least. Stock can make New Lifetime HIGH

╭───────────────────╮
🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 06 Aug/श्रावण मास(Friday) वर्ष ऋतू {कृष्ण पक्ष}🙏🏻
╰────────────── ──────╯
Today's top News ➣➣➣➣➣➣➣➣➣➣➣➣

1. *Flood alert issued in Andhra Pradesh's Krishna district after Pulichintala dam gate washes away.* Revenue department officials in Krishna district started evacuating people from low-lying areas along the river as the flood discharge will steadily increase to 6 lakh cusecs by Thursday night.

2. *Rajya Sabha passed Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 on 04 Aug 2021.* AERA bill proposes to amend definition of ‘major airport’ in accordance with Airports Economic Regulatory Authority Act, 2008 (AERA Act).

3. *PM Modi interacts with the beneficiaries of Pradhan Mantri Garib Kalyan Anna Yojana in Uttar Pradesh* through video conferencing.

4. PM Modi to interact with beneficiaries of PM Garib Kalyan Anna Yojana in Madhya Pradesh on Aug 7.

5. *What is Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY)* : Pradhan Mantri Garib Kalyan Anna Yojana is a food security welfare scheme announced by the Government of India in March 2020, during the COVID-19 pandemic in India. The program is operated by the Department of Food and Public Distribution under the Ministry of Consumer Affairs, Food and Public Distribution. This scheme as part of Atmanirbhar Bharat to supply free food grains to migrants and poor. During the period May - November 2021, more than 81.35 crore people will be provided 5 kg free wheat/rice per person / month along with 1 kg free whole chana to each family per month. Wheat has been allocated to 6 States/UTs, - Punjab, Haryana, Rajasthan, Chandigarh, Delhi and Gujarat and rice has been provided to the remaining States/UTs. This is over and above the regular monthly entitlements under National Food Security Act, 2013 (NFSA).

Families belonging to the Below Poverty Line - Antyodaya Anna Yojana (AAY) and Priority Households (PHH) categories will be eligible for Pradhan Mantri Garib Kalyan Yojana scheme.

6. *The University of Delhi, has signed a Memorandum of Understanding (MoU) with the University of Ladakh* , which is one of the youngest University in the country, on 5th August 2021 for a period of five years.

7. *Cabinet Committee on Economic Affairs has approved the continuation of ‘Samagra Shiksha Scheme’ for school education for further five years.* scheme would continue from April 1, 2021 to March 31, 2026. This scheme emphasises on improving the quality of school education by focussing on two T’s – Teacher and Technology.

8. *What is samagra Shiksha scheme?*
The Samagra Shiksha scheme is an integrated scheme for school education covering the entire gamut from pre-school to class XII. The scheme treats school education as a continuum and is in accordance with Sustainable Development Goal for Education (SDG-4).

*MAJOR FEATURES*
a. Holistic approach to education.
b. Enhanced Funding for Education.
c. Focus on Quality of Education.
d. Focus on Digital Education.
e. Strengthening of Schools.
f. Focus on Girl Education.
g. Focus on Inclusion.
h. Focus on Skill Development

9. *No more registration fees for electric vehicles.* The Indian govt has given the green signal to a landmark rule. In a bid to attract more people to consider and buy electric vehicles, the central government has scrapped the registration fees of electric cars completely.

10. *Assam & Mizoram have agreed* to take measures to promote preserve and *maintain peace and harmony* amongst the people of two states particularly in border areas.

11. *Karnataka* Chief Minister Basavaraj Bommai on 05 Aug (Thursday) said allocation of portfolios to *29 Ministers inducted into new cabinet* , will be done on 6 Aug 2021.

12. *Bihar CM Nitish Kumar on 05 Aug made an aerial survey of flood-affected areas of the state* to assess the damage caused by prevailing floods. Mr Kumar made an aerial survey of Patna,Nalanda,Gaya and Jehenabad. Meanwhile Ganga and Punpun is flowing above danger mark.

13. *Bombay High Court has asked Maharashtra Govt to consider issuing a vaccination card* to allow fully inoculated *people to travel* in local trains. Stating that it is a matter of livelihood of poor people who cannot afford to spend too much on travel.

14. *In Chhattisgarh, one person was killed, 11 injured in a Maoist attack on 05 Aug morning in Dantewada district of Bastar division.* Maoist triggered an IED blast targeting the vehicle carrying 12 civilians.

15. *The Supreme Court on 05 Aug (Thursday) agreed to hear a batch of petitions seeking a court-monitored SIT probe into Pegasus snooping controversy* on August 10 as it asked the petitioners to serve copies of their respective petition on the Centre.

16. In Uttar Pradesh, Samajwadi Party chief Akhilesh Yadav on 05 Aug (Thursday) held a "cycle yatra" to raise issues such as price rise, unemployment, farm laws and crime rate.

17. *In Union Territory of J&K, celebrated the 2nd anniversary of the abrogation of Article 370 and 35A* . In Jammu the Bharatiya Janata Yuva Morcha took out Tiranga rally which was followed by Flag hoisting program at the statue of Maharaja Hari Singh.

18 *. In Madhya Pradesh, the rescue & relief operations are continuing in full swing in the flood-affected areas.* NDRF, SDRF, Army and BSF teams have rescued more than 6,000 people from 240 affected villages in Northern MP.

19. Punjab Sports Minister Rana Gurmeet Sodhi announced a cash award of Rs 1 crore each for the players from the state in the Indian men’s hockey team. Shiromani Gurudwara Prabandhak Committee (SGPC) President Bibi Jagir Kaur has announced to award Rs 1 crore to the Indian hockey team. She said the SGPC will also award Rs 5 lakh each to all players of Punjab who are participating in Olympic.

20. Odisha Chief Minister Naveen Patnaik on Thursday spoke to members of Indian men's hockey team over the telephone and congratulated them for winning an Olympic medal after 41 years.

21. President Ram Nath Kovind has congratulated Ravi Kumar Dahiya on winning silver medal in the 57kg freestyle wrestling competition and Indian Hockey Team victory for Bronze at Tokyo Olympics and bringing glory to India.

22. The Indian Space Research Organisation (Isro) has confirmed that it will launch the earth observation satellite EOS-3 aboard its GSLV Mk III vehicle on August 12 at 5.43am from the country’s only spaceport at Sriharikota.

23. The Ministry of Defence (MoD) is evaluating recent trial results in which Israel Weapon Industries (IWIs) Negev NG-7 light machine gun (LMG), fielded by PLR Systems owned by the Adani Group, has emerged as the front runner for the contract to supply the Indian Army (IA) 41,000 LMGs worth over Rs 2,200 crore.

24. The Indian Army has sought applications for recruitment to the posts of officers under the Territorial Army. Interested & eligible candidates can apply for these posts by visiting the official website of the Indian Army, jointerritorialarmy. gov. in. The last date to apply for these posts with the Indian Army is August 19, 2021.

25. ITBP GD Constable Recruitment 2021: 10th-Pass Candidates Can Get Job For Constable Post in ITBP Without Exam. Last date to apply is 02 Sep 2021.
link https:// recruitment. itbpolice .nic .in

Join the Whatsapp group for Daily News and updated GK & Current affairs, send request @ nin for zro for eit zro sevan fi to zro

✈ INTERNATIONAL NEWS

1. India has not been invited to a key meeting convened by Russia i. 2nd week of August on the fast-evolving situation in Afghanistan that is expected to be attended by Pakistan, China and the United States.

2. *Tony Abbott, the Special Envoy of Australian PM Scott Morrison met PM Modi in New Delhi on 05 Aug.* In a tweet, PM Modi said, they had a good conversation on ways to further strengthen the Comprehensive Strategic Partnership between India and Australia.

3. *Project on Dam Safety Program*: Central Water Commission of India & World Bank signed a $250 million project on 4 Aug 2021 for long-term dam safety program. This project will help in strengthening dam safety by building dam safety guidelines, bringing in global experience, and by introducing innovative technologies.

4. The ministry of external affairs on 05 Aug (Thursday) said the recent India-China military talks on the eastern Ladakh row were "constructive" and both sides agreed to resolve the remaining issues in an "expeditious manner"

🌎 WORLD NEWS 🌍

1. United Nations Security Council (UNSC) has declared that it is against the restoration of Islamic emirate in Afghanistan.

2. *Thailand has banned sunscreens containing chemicals that damage coral from all of its marine national parks.* Concerns are growing that lotions tourists use for sun protection are harming slow-growing corals. The Thai Department of Conservation said four ingredients commonly found in sun creams were shown to destroy coral larvae, obstruct coral reproduction and cause reef bleaching.
Anyone flouting the ban can be fined up to 100,000 baht (£2,100).

3. *Mob attacks temple in Pakistan's Punjab, damages idols* : mob attacked the Hindu temple at Bhong city of Rahim Yar Khan district, some 590 kms from Lahore, on 04 Aug (Wednesday) in reaction to an alleged desecration of a Muslim seminary by a minor Hindu boy. The eight-year-old Hindu boy last week had allegedly urinated at a library of the seminary that caused tensions in Bhong, where Muslims and Hindus have been living peacefully for decades.

4. 06 Aug Hiroshima Day is observed, Bombing of Hiroshima, Japan on 6 Aug, 1945 by US during WW-II

=====================
🚣🚴🏇🏁🏊 SPORTS:
÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷
*Results of 05 Aug : TOKYO OLYMPICS EVENTS*

1. India's ace grappler Ravi kumar Dahiya creates history, clinches Silver Medal (57kg freestyle wrestling);

2. India Men's Hockey Team won bronze medal
by defeating Germany 5-4. Rewritten the history to get the medal after 41 years.

3. Deepak Punia's quest for medal ended as he was beaten by Myles Amine of San Marino by 2-4 in 86 kg wrestling category quarterfinal clash.

4. In Womens. Category, Vinesh Phogat lost her quarterfinal match to Vanesa Kaladzinskaya of Belarus 3-9 and Anshu Malik's quest for bronze medal.

PM Modi spoke to Boxer Lovlina Borgohain and congratulated her on winning Bronze Medal in Tokyo Olympics. PM also spoke with Indian Men's Hockey team and congratulated them on their victory to get Bronze for India .

+×+×+×+×+×+×+×+×+×+×
*On 14th Day (06 Aug)*
*SCHEDULE & TIMINGS*
--------------------------------------
(All times in IST)

*ATHLETICS*
Men's 50km walk Final - Gurpreet Singh, 2:00 AM

Women's 20km Walk Final - Bhawna Jat & Priyanka Goswami, 1:00 PM

*Men's 50 km walk final -* Gurpreet Singh - 2:00 AM

*GOLF* - Women's individual R3 - Aditi Ashok, Diksha Dagar - 4:00 AM

Women's 20km walk final - Bhawna Jat, Priyanka Goswami - 1:00 PM

*HOCKEY* Women's Bronze Medal - GB vs IND - 7:00 AM

*WRESTLING* - Men's freestyle 65kg 1/8 Final - Bajrang Punia vs E. Akmataliev - 8 AM onwards

*WRESTLING* - Women's freestyle 50kg 1/8 Final - Seema Bisla vs Sarra Hamdi - 8 AM onwards

*ATHLETICS* - Men's 4x400m relay Heat 2 - Amoj Jacob, Naganathan Pandi, Arokia Rajiv, Nirma Noah Tom, Muhammed Anas - 5:07 PM
~~~~~~~~~~~~
*MEDAL TALLY*
#################
*G. S. B. Ttl*
1. China. 34 24 16 74
2. US 29 35 27 91
3. Japan. 22 10 14 46
4. Australia 17 5 19 41

India is in 65 position with
0 2 3 5
×÷×÷×÷×÷×÷×÷×÷×÷×÷×
 *USD 74.11 💷GBP 103.25*
Andamaan (Port Blair)
(Lieutenant Governor)
Admiral D K Joshi(Retd)
🥇 Gold ₹47,600©10 gm 24 (Krt)
🥈 Silver ₹73,100©Kg
⛽ Petrol ₹ 85.28
⛽ Diesel ₹ 83.79
LPG : ₹ 910/14.2 Kg

BSE Sensex 54,493.84
NIFTY : 16,294.60

Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 Facts about India 🇮🇳
During the Second World War (1939–1945), India was controlled by the United Kingdom, with the British holding territories in India including over six hundred autonomous Princely States. British India officially declared war on Nazi Germany in September 1939. The British Raj, as part of the Allied Nations, sent over two and a half million soldiers to fight under British command against the Axis powers. India also provided the base for American operations in support of China in the China Burma India Theater.

🙏🏻 *THOUGHT OF THE DAY* 💐
Bridge and wall are made with the same material. But Bridge joining the people and Wall devides the people. Choose the right one

*Joke of the day*

एक बार पप्पू डॉक्टर के पास गया
*डॉक्टर* - कौन सा ग्रुप है आपका ..??????
.🤔
*पप्पू* - जी नादां परिंदे ...!!!!!
डॉक्टर - ब्लड ग्रुप पूछ रहा हूं
'व्हाटसएप के कीड़े' 😳🙄🤥

*😳Why❓❓❓*

*Why Does our Nose Run When we’re Sick?*

The nose is a complex organ—it warms and modifies air as it comes into your body, and acts as a gatekeeper against the external environment,

As mucus goes into overdrive, your mucus lining swells and your nasal cavity fills with excess fluid. This can drip out of the nose itself—a medorrhea, which the rest of us call a runny nose.

A runny nose can be caused by anything that irritates or inflames the nasal tissues. Infections — such as the common cold and influenza — allergies and various irritants may all cause a runny nose.

*LEARN Sanskrit*🙏🏻

*भेका* , Bheka "frog",

🤔 *How it works* ⁉

*How food/liquids are preserved*

The primary objective of food preservation is to prevent food spoilage until it can be consumed

*Pasteurization* is a process for preservation of liquid food. It was originally applied to combat the souring of young local wines. the process is mainly applied to dairy products. In this method, milk is heated at about 70 °C (158 °F) for 15–30 seconds to kill the bacteria present in it and cooling it quickly to 10 °C (50 °F) to prevent the remaining bacteria from growing. The milk is then stored in sterilized bottles or pouches in cold places. This method was invented by Louis Pasteur, a French chemist, in 1862.

*High-pressure food preservation* or pascalization refers to the use of a food preservation technique that makes use of high pressure. "Pressed inside a vessel exerting 70,000 pounds per square inch (480 MPa) or more, food can be processed so that it retains its fresh appearance, flavor, texture and nutrients while disabling harmful microorganisms and slowing spoilage." By 2005, the process was being used for products ranging from orange juice to guacamole to deli meats and widely sold.

💁🏻‍♂️ *GK TODAY*

The United States detonated two nuclear weapons over the Japanese cities of Hiroshima and Nagasaki on August 6 and 9, 1945, respectively, with the consent of the United Kingdom, as required by the Quebec Agreement. The two bombings killed between 129,000 and 226,000 people, most of whom were civilians.
On 6 August 1945, at 08:15, the first bomb was dropped on the centre of Hiroshima. ‘Little Boy’ was a gun-type fission bomb, The bomb had an explosive yield of around 13 kilotons. At the moment of detonation, a fireball was generated that raised temperatures to 4,000 degrees Celsius,

🛕 *VEDIK GNAN*

*STORY OF ATMA LINGA*

*According to Shiva Purana* : Ravana desired immortality and invincibility. For this purpose, he worshipped Lord Shiva with his whole heart to obtain atma linga (soul of Shiva) which is supposed to give its possessor immortality and invincibility. Pleased by Ravana’s devotion, Shiva appeared before him and asked him his wish. Knowing the consequences of this act, Vishnu changed the mind of Ravana and instead of asking for atma linga, he asked for Goddess Parvati and lord Shiva offered him that. On his way back to Lanka, Narada muni appeared before him and told him that lord has not given the real Parvati and the real Parvati is in Pathala.

So, Ravana goes there and marries the girl according to the description of narada muni, assuming the girl to be real Parvati.

On reaching Lanka, when asked by his mother about atma linga, he understood the game played by Vishnu. Determined to obtain atma linga, he once again starts pleasing Lord Shiva. When the lord appeared before him, he asked for atma linga. Shiva gives him the atma linga on a condition that he should not keep the atma linga on ground before the destination as it will get rooted at the same spot and will never move. Once again, to fail the motives of Ravana, Vishnu created the illusion of dusk. As Ravana used to perform an evening ritual he got worried as how he will do it as he was having atma-linga in his hands.
Lord Ganesh, disguised as a brahmin boy, comes in front of him and Ravana requests him to hold the atma linga so that he can perform his rituals. Ganesh accepts the request but on a condition that he would call Ravana thrice and if he will not come back then he will place atma linga on ground. When, Ravana was gone to perform the rituals, Ganesh called out his name thrice rapidly at the specific moment when he could not leave the ceremony in between. So, according to the deal, Ganesh then place the atma linga on the ground and vanished from there with his cows. Ravana tried to chase them, but got hold of only one of the cow’s ear. The rest of the cow’s body disappeared and he was left only with ear in a petrified form. The name of that place hence came to be known as Gokarna (gow means cow in Sanskrit and karna means ear).

As specified by lord Shiva, the atma linga was now rooted in Gokarna and was immovable even though Ravana tried hard to lift it. He then gave the name Mahabaleshawar to the atma linga meaning “all powerful”.
The Mahabaleshwar temple is situated along in the west cost of India in north kannada district of north Karnataka, between Gangavalli and Aganashini rivers.

🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

*Tulsi*
It is Useful to minimise Kidney stones & Gouty Arthritis: Tulsi detoxifies the body and has diuretic properties. It decreases the level of uric acid in the body, which is the main reason why kidney stones are formed. Reduction in uric acid levels also provides relief to patients suffering from Gout.


Regards
CH Nαʋҽҽɳ Kυɱαɾ...✒️

*Tata Chemicals Ltd.* | *CMP* Rs. 770 | *M Cap* Rs. 19616 Cr | *52 W H/L* 834/273
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 2977.2 Cr (12.9% QoQ, 26.8% YoY) vs expectation of Rs. 2818.8 Cr, QoQ Rs. 2636.2 Cr, YoY Rs. 2348.2 Cr
EBIDTA came at Rs. 601.2 Cr (112.7% QoQ, 67.1% YoY) vs expectation of Rs. 464.4 Cr, QoQ Rs. 282.7 Cr, YoY Rs. 359.8 Cr
EBITDA Margin came at 20.2% vs expectation of 16.5%, QoQ 10.7%, YoY 15.3%
Adj. PAT came at Rs. 288 Cr vs expectation of Rs. 135.7 Cr, QoQ Rs. 11.8 Cr, YoY Rs. 13.3 Cr
Quarter EPS is Rs. 11.3
Share is trading at P/E of 25.8x FY22E EPS

*Thermax Ltd.* | *CMP* Rs. 1383 | *M Cap* Rs. 16476 Cr | *52 W H/L* 1570/706
(Nirmal Bang Retail Research)
*Result is below expectation*
Revenue from Operations came at Rs. 1052.4 Cr (-33.2% QoQ, 58.3% YoY) vs expectation of Rs. 1157.3 Cr, QoQ Rs. 1574.5 Cr, YoY Rs. 664.9 Cr
EBIDTA came at Rs. 63 Cr (-54.9% QoQ, -653.5% YoY) vs expectation of Rs. 90.5 Cr, QoQ Rs. 139.7 Cr, YoY Rs. -11.4 Cr
EBITDA Margin came at 6% vs expectation of 7.8%, QoQ 8.9%, YoY -1.7%
Adj. PAT came at Rs. 42.4 Cr vs expectation of Rs. 72.9 Cr, QoQ Rs. 107.4 Cr, YoY Rs. -15.3 Cr
Quarter EPS is Rs. 3.6
Share is trading at P/E of 44.4x FY22E EPS

*Quess Corp Ltd.* | *CMP* Rs. 852 | *M Cap* Rs. 12582 Cr | *52 W H/L* 888/336
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 2986.9 Cr (-0.6% QoQ, 24% YoY) vs expectation of Rs. 2906.8 Cr, QoQ Rs. 3004.5 Cr, YoY Rs. 2409.4 Cr
EBIDTA came at Rs. 146.7 Cr (287.7% QoQ, 13.1% YoY) vs expectation of Rs. 153 Cr, QoQ Rs. 37.8 Cr, YoY Rs. 129.7 Cr
EBITDA Margin came at 4.9% vs expectation of 5.3%, QoQ 1.3%, YoY 5.4%
Adj. PAT came at Rs. 44.6 Cr vs expectation of Rs. 59.4 Cr, QoQ Rs. -63.3 Cr, YoY Rs. 8.7 Cr
Quarter EPS is Rs. 3
Share is trading at P/E of 32.9x FY22E EPS

*Prince Pipes and Fittings Ltd.* | *CMP* Rs. 652 | *M Cap* Rs. 7169 Cr | *52 W H/L* 795/105
(Nirmal Bang Retail Research)
*Result below Expectation*
Revenue from Operations came at Rs. 330.6 Cr (-56.6% QoQ, 9.3% YoY) vs expectation of Rs. 460.4 Cr, QoQ Rs. 761.4 Cr, YoY Rs. 302.5 Cr
EBIDTA came at Rs. 41.2 Cr (-71.9% QoQ, 30.4% YoY) vs expectation of Rs. 55.8 Cr, QoQ Rs. 146.8 Cr, YoY Rs. 31.6 Cr
EBITDA Margin came at 12.5% vs expectation of 12.1%, QoQ 19.3%, YoY 10.5%
Adj. PAT came at Rs. 17.8 Cr vs expectation of Rs. 32.7 Cr, QoQ Rs. 97.2 Cr, YoY Rs. 11.3 Cr
Quarter EPS is Rs. 1.6
Share is trading at P/E of 35.3x FY22E EPS

*Good Morning*
• India’s rate-setting panel headed by RBI Governor Shaktikanta Das may leave the benchmark repurchase rate unchanged at 4%, according to a Bloomberg survey
o Indian Rates Anchored at Lows Despite Inflation: Decision Guide
• India Plans to Scrap Tax Rule to End Cairn, Vodafone Spats
o Bill seen putting to rest uncertainty around tax on firms
• U.S. Crude Exports to India Doubled in June to Make It Top Buyer
• Reliance BP Mobility to Partner Swiggy to Test Battery-Run Bikes
• Indiabulls Housing to Create Reserve Fund for USD Bond Repayment
• SoftBank Funding Turns India Startup Mindtickle Into Unicorn
o SoftBank led a $100m funding round in the SaaS firm
• Global Funds Sell Net INR7.2B of India Stocks Thursday: NSE
o Domestic funds sell net 7.32b rupees of stocks,
• Foreign Investors Buy Net INR34.7B of Indian Equities on Aug. 4
• Foreigners Sell Net INR2.54B Indian Equity Derivatives Thursday
• India’s Sensex Advances to Fresh Record After Volatile Session
• 10am: RBI Bi-monthly Monetary Policy Statement for 2021-22
o RBI Benchmark Repurchase Rate, Est. 4.00% (prior 4.00%)
o RBI Reverse- Repo Rate Est. 3.35% (prior 3.35%)
o RBI Cash Reserve Ratio Est. 4.00% (prior 4.00%)
• RBI to release weekly FX, bank credit data
• Adani Power (ADANI): 1Q net income 2.78b rupees vs. loss 6.82b y/y
• Aditya Birla Capital (ABCAP): 1Q net income +53% y/y to 3.02b rupees; revenue +6.7% y/y to 43b
• Bajaj Consumer (BAJAJCON): 1Q net income -9.8% y/y to 488.7m rupees, misses est. 557.4m
• Cipla (CIPLA): 1Q net income +24% y/y to 7.14b rupees, beats est. 6.41b; revenue +26% y/y to 55b
• Honeywell Automation (HWA): 1Q net income -6.7% y/y to 915.3m rupees, misses est. 1.18b
• Indiabulls Housing (IHFL): 1Q net income +3.3% y/y to 2.82b rupees; Revenue -10% to 23.2b
• Gujarat Gas (GUJGA): 1Q net income 4.76b rupees vs. 586.6m y/y, beats est. 3.46b
• Maruti Suzuki India (MSIL): July production 170,719 units vs 107,687 y/y
• Panacea Biotec (PNCB): Pact for makingup to 25m doses of Sputnik V
• Quess Corp (QUESS): 1Q net income +37% y/y to 461.9m rupees, misses est. 594.3m
• Tata Chemicals (TTCH): 1Q net income 2.88b rupees vs. 132.8m y/y, est. 1.36b
• Thermax (TMX): 1Q net income 424m rupees vs. loss 152.7m y/y, misses est. 729.3m; revenue +58% y/y to 10.5b

*Ador Welding Ltd.* | *CMP* Rs. 712 | *M Cap* Rs. 968 Cr | *52 W H/L* 808/235
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 127.9 Cr (-20.9% QoQ, 132.9% YoY) vs QoQ Rs. 161.7 Cr, YoY Rs. 54.9 Cr
EBIDTA came at Rs. 11.1 Cr (-28.7% QoQ, 336.1% YoY) vs QoQ Rs. 15.6 Cr, YoY Rs. 2.6 Cr
EBITDA Margin came at 8.7% vs QoQ 9.6%, YoY 4.6%
Adj. PAT came at Rs. 6.8 Cr vs QoQ Rs. 16 Cr, YoY Rs. 0.3 Cr
Quarter EPS is Rs. 5
Share is trading at P/E of 47.2x TTM EPS

*Adani Power Ltd.* | *CMP* Rs. 89 | *M Cap* Rs. 34230 Cr | *52 W H/L* 167/35
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 6568.9 Cr (3.1% QoQ, 26.2% YoY) vs QoQ Rs. 6373.6 Cr, YoY Rs. 5203.8 Cr
EBIDTA came at Rs. 1648 Cr (2.1% QoQ, 18.7% YoY) vs QoQ Rs. 1614.3 Cr, YoY Rs. 1388.5 Cr
EBITDA Margin came at 25.1% vs QoQ 25.3%, YoY 26.7%
Adj. PAT came at Rs. 278.2 Cr vs QoQ Rs. 13.1 Cr, YoY Rs. -682.5 Cr
Quarter EPS is Rs. 0.7
Share is trading at P/E of 15.4x TTM EPS

Cipla beats Street Estimates
PAT of 714cr after one time write-off of 124cr
Adj PAT works out to be 805cr

https://m.economictimes.com/markets/stocks/earnings/cipla-q1-results-consolidated-pat-rises-24-yoy-beats-estimate-sales-jump-27/articleshow/85070924.cms

Interesting take on EV…
https://indianexpress.com/article/opinion/columns/why-switching-to-electric-vehicles-is-fiscally-imprudent-7438814/lite/

Voda Idea CEO Ravinder Takkar assures employees about telco's future

https://economictimes.indiatimes.com/industry/telecom/telecom-news/voda-idea-ceo-ravinder-takkar-assures-employees-about-telcos-future/articleshow/85066398.cms

Download Economic Times App to stay updated with Business News - https://etapp.onelink.me/tOvY/135dde21

Securities in Ban For Trade Date 06-August 2021:


Canbank
IBULLHGFIN
RBLBANK
SUNTV



*Added - RBLBANK*
*Deleted-No*

*Circuit Revision.:*

5% to 20%
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10% to 20%
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