*KITEX GARMENTS LTD.* | *CMP* Rs. 163 | *M Cap* Rs. 1084 Cr | *52 W H/L* 224/91
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 153.8 Cr (37.7% QoQ, 71.6% YoY) vs QoQ Rs. 111.7 Cr, YoY Rs. 89.6 Cr
EBIDTA came at Rs. 28.2 Cr (54.5% QoQ, 29.1% YoY) vs QoQ Rs. 18.3 Cr, YoY Rs. 21.9 Cr
EBITDA Margin came at 18.4% vs QoQ 16.4%, YoY 24.4%
Adj. PAT came at Rs. 20.5 Cr vs QoQ Rs. 8.3 Cr, YoY Rs. 12.7 Cr
Quarter EPS is Rs. 3.1
Share is trading at P/E of 17.4x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 153.8 Cr (37.7% QoQ, 71.6% YoY) vs QoQ Rs. 111.7 Cr, YoY Rs. 89.6 Cr
EBIDTA came at Rs. 28.2 Cr (54.5% QoQ, 29.1% YoY) vs QoQ Rs. 18.3 Cr, YoY Rs. 21.9 Cr
EBITDA Margin came at 18.4% vs QoQ 16.4%, YoY 24.4%
Adj. PAT came at Rs. 20.5 Cr vs QoQ Rs. 8.3 Cr, YoY Rs. 12.7 Cr
Quarter EPS is Rs. 3.1
Share is trading at P/E of 17.4x TTM EPS
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
*POWER GRID 1Q NET INCOME 60.9B RUPEES, EST. 31B
*POWER GRID 1Q REV. 97.8B RUPEES, EST. 96.30B
*POWER GRID 1Q OTHER INCOME 5.09B RUPEES, -19% Y/Y
*PRESTIGE ESTATES 1Q NET INCOME 573M RUPEES
*PRESTIGE ESTATES 1Q REV. 14.2B RUPEES, +12% Y/Y
*PRESTIGE ESTATES 1Q FINANCE COST 1.32B RUPEES, -47% Y/Y
*PRESTIGE ESTATES APPROVES UP TO INR10B BONDS ISSUE
*PRESTIGE ESTATES DIV/SHR 1.50 RUPEES*
*IRB INFRA 1Q NET INCOME 719.1M RUPEES, EST. 224.8M
*IRB INFRA 1Q REV. 16.3B RUPEES, EST. 12.39B
*IRB INFRA 1Q EBITDA 7.45B RUPEES, EST. 5.41B
*GODREJ AGROVET 1Q NET INCOME 1.06B RUPEES, EST. 1.15B
*GODREJ AGROVET 1Q REV. 19.9B RUPEES, EST. 18.50B
*KRISHNA INST (KIMS Q1)
PAT Rs.891.3M vs Rs.111.3M (YoY); 578M (QoQ)
Revenue Rs.4.73B vs Rs.2.01B (YoY); 3.59B (QoQ)
*GUJARAT Alkalies Q1
PAT Rs.631.2M vs Rs.318M YoY
Revnue Rs.7.16B vs Rs.4.7B YoY
*India Glycols Q1
PAT Rs.2.11B vs Rs.43M (YoY)
Revenue Rs.16.52B vs Rs.8.16B (YoY)
*UJJIVAN SMALL FINANCE RESTRUCTURED BOOK AT INR7.69B ON JUNE 30
*UJJIVAN SMALL FINANCE BANK MICROBANKING GNPA 11.6% AS OF JUNE
*UJJIVAN SMALL FINANCE PROVISIONS ON BOOK INR11.49B AS OF JUNE
*PRICOL Q1:
PAT Rs.59.4M vs Loss Rs.309M (YoY)
Revenue Rs.3.06B vs Rs.1.06B YoY; 4.3B (QoQ)
*CAPACITE INFRAPROJECTS ORDERBOOK AT INR88.71B AT JUNE 30
*POWER GRID 1Q REV. 97.8B RUPEES, EST. 96.30B
*POWER GRID 1Q OTHER INCOME 5.09B RUPEES, -19% Y/Y
*PRESTIGE ESTATES 1Q NET INCOME 573M RUPEES
*PRESTIGE ESTATES 1Q REV. 14.2B RUPEES, +12% Y/Y
*PRESTIGE ESTATES 1Q FINANCE COST 1.32B RUPEES, -47% Y/Y
*PRESTIGE ESTATES APPROVES UP TO INR10B BONDS ISSUE
*PRESTIGE ESTATES DIV/SHR 1.50 RUPEES*
*IRB INFRA 1Q NET INCOME 719.1M RUPEES, EST. 224.8M
*IRB INFRA 1Q REV. 16.3B RUPEES, EST. 12.39B
*IRB INFRA 1Q EBITDA 7.45B RUPEES, EST. 5.41B
*GODREJ AGROVET 1Q NET INCOME 1.06B RUPEES, EST. 1.15B
*GODREJ AGROVET 1Q REV. 19.9B RUPEES, EST. 18.50B
*KRISHNA INST (KIMS Q1)
PAT Rs.891.3M vs Rs.111.3M (YoY); 578M (QoQ)
Revenue Rs.4.73B vs Rs.2.01B (YoY); 3.59B (QoQ)
*GUJARAT Alkalies Q1
PAT Rs.631.2M vs Rs.318M YoY
Revnue Rs.7.16B vs Rs.4.7B YoY
*India Glycols Q1
PAT Rs.2.11B vs Rs.43M (YoY)
Revenue Rs.16.52B vs Rs.8.16B (YoY)
*UJJIVAN SMALL FINANCE RESTRUCTURED BOOK AT INR7.69B ON JUNE 30
*UJJIVAN SMALL FINANCE BANK MICROBANKING GNPA 11.6% AS OF JUNE
*UJJIVAN SMALL FINANCE PROVISIONS ON BOOK INR11.49B AS OF JUNE
*PRICOL Q1:
PAT Rs.59.4M vs Loss Rs.309M (YoY)
Revenue Rs.3.06B vs Rs.1.06B YoY; 4.3B (QoQ)
*CAPACITE INFRAPROJECTS ORDERBOOK AT INR88.71B AT JUNE 30
M&M Q1 First Cut – Ebitda and Ebitda margin above expectation
· Net profit Rs934cr - expectation Rs835cr
· Exceptional loss Rs78.46cr,
· Ebitda Rs1631.6cr – expectation Rs1550.6cr
· Ebitda margin 13.9% vs 10.3% - expectation 12.9%
· Income Rs11763cr – expectation Rs12003.5cr
· Net profit Rs934cr - expectation Rs835cr
· Exceptional loss Rs78.46cr,
· Ebitda Rs1631.6cr – expectation Rs1550.6cr
· Ebitda margin 13.9% vs 10.3% - expectation 12.9%
· Income Rs11763cr – expectation Rs12003.5cr
GRAPHITE INDIA: Q1 CONS NET PROFIT 150 cr VS LOSS 78 cr (YOY);EST PROFIT 71 cr | PROFIT 64 cr (QOQ)
EST: 71 cr
GRAPHITE INDIA:Q1 EBITDA RUPEES 140 cr VS -131 cr (YOY); 78 cr (QOQ) ||
Q1 EBITDA MARGIN 23% VS -32.03% (YOY); 13.81%(QOQ)
EST: 71 cr
GRAPHITE INDIA:Q1 EBITDA RUPEES 140 cr VS -131 cr (YOY); 78 cr (QOQ) ||
Q1 EBITDA MARGIN 23% VS -32.03% (YOY); 13.81%(QOQ)
#1QWithCNBCTV18 | Sandhar Tech (Consolidated, YoY)
🔸 Net profit at ₹2.22 cr Vs loss of ₹31.01 cr
🔸Revenue at ₹410.07 cr Vs ₹129.25 cr
🔸EBITDA at ₹31.06 cr Vs EBITDA loss of ₹12.79 cr
🔸 Net profit at ₹2.22 cr Vs loss of ₹31.01 cr
🔸Revenue at ₹410.07 cr Vs ₹129.25 cr
🔸EBITDA at ₹31.06 cr Vs EBITDA loss of ₹12.79 cr
*Bharat Rasayan Ltd.* | *CMP* Rs. 12822 | *M Cap* Rs. 5328 Cr | *52 W H/L* 15132/8479
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 251.8 Cr (-6.7% QoQ, -10.6% YoY) vs QoQ Rs. 269.8 Cr, YoY Rs. 281.7 Cr
EBIDTA came at Rs. 58 Cr (-11.6% QoQ, -11.3% YoY) vs QoQ Rs. 65.6 Cr, YoY Rs. 65.4 Cr
EBITDA Margin came at 23% vs QoQ 24.3%, YoY 23.2%
Adj. PAT came at Rs. 39.5 Cr vs QoQ Rs. 46.8 Cr, YoY Rs. 44 Cr
Quarter EPS is Rs. 95
Share is trading at P/E of 33.2x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 251.8 Cr (-6.7% QoQ, -10.6% YoY) vs QoQ Rs. 269.8 Cr, YoY Rs. 281.7 Cr
EBIDTA came at Rs. 58 Cr (-11.6% QoQ, -11.3% YoY) vs QoQ Rs. 65.6 Cr, YoY Rs. 65.4 Cr
EBITDA Margin came at 23% vs QoQ 24.3%, YoY 23.2%
Adj. PAT came at Rs. 39.5 Cr vs QoQ Rs. 46.8 Cr, YoY Rs. 44 Cr
Quarter EPS is Rs. 95
Share is trading at P/E of 33.2x TTM EPS
*Som Distilleries & Breweries Ltd.* | *CMP* Rs. 42 | *M Cap* Rs. 276 Cr | *52 W H/L* 60/22
(Nirmal Bang Retail Research)
*Result continued to remain weak*
Revenue from Operations came at Rs. 50.1 Cr (-53.5% QoQ, 29.7% YoY) vs QoQ Rs. 107.8 Cr, YoY Rs. 38.6 Cr
EBIDTA came at Rs. -5 Cr (-162.4% QoQ, -65.4% YoY) vs QoQ Rs. 7.9 Cr, YoY Rs. -14.3 Cr
EBITDA Margin came at -9.9% vs QoQ 7.4%, YoY -37.1%
Adj. PAT came at Rs. -12.6 Cr vs QoQ Rs. 3.7 Cr, YoY Rs. -24.2 Cr
Quarter EPS is Rs. -1.9
(Nirmal Bang Retail Research)
*Result continued to remain weak*
Revenue from Operations came at Rs. 50.1 Cr (-53.5% QoQ, 29.7% YoY) vs QoQ Rs. 107.8 Cr, YoY Rs. 38.6 Cr
EBIDTA came at Rs. -5 Cr (-162.4% QoQ, -65.4% YoY) vs QoQ Rs. 7.9 Cr, YoY Rs. -14.3 Cr
EBITDA Margin came at -9.9% vs QoQ 7.4%, YoY -37.1%
Adj. PAT came at Rs. -12.6 Cr vs QoQ Rs. 3.7 Cr, YoY Rs. -24.2 Cr
Quarter EPS is Rs. -1.9
*Khadim India Ltd.* | *CMP* Rs. 258 | *M Cap* Rs. 464 Cr | *52 W H/L* 359/100
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 88.2 Cr (-67.3% QoQ, 46.1% YoY) vs QoQ Rs. 270 Cr, YoY Rs. 60.4 Cr
EBIDTA came at Rs. -0.4 Cr (-102.6% QoQ, -97.4% YoY) vs QoQ Rs. 14.1 Cr, YoY Rs. -14.3 Cr
EBITDA Margin came at -0.4% vs QoQ 5.2%, YoY -23.6%
Adj. PAT came at Rs. -10.9 Cr vs QoQ Rs. 11.5 Cr, YoY Rs. -27.8 Cr
Quarter EPS is Rs. -6.1
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 88.2 Cr (-67.3% QoQ, 46.1% YoY) vs QoQ Rs. 270 Cr, YoY Rs. 60.4 Cr
EBIDTA came at Rs. -0.4 Cr (-102.6% QoQ, -97.4% YoY) vs QoQ Rs. 14.1 Cr, YoY Rs. -14.3 Cr
EBITDA Margin came at -0.4% vs QoQ 5.2%, YoY -23.6%
Adj. PAT came at Rs. -10.9 Cr vs QoQ Rs. 11.5 Cr, YoY Rs. -27.8 Cr
Quarter EPS is Rs. -6.1
*Mukand Ltd. – S* | *CMP* Rs. 139 | *M Cap* Rs. 1972 Cr | *52 W H/L* 155/19
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 789.7 Cr (-14.9% QoQ, 158.7% YoY) vs QoQ Rs. 928.4 Cr, YoY Rs. 305.3 Cr
EBIDTA came at Rs. 39.1 Cr (-120.5% QoQ, -179.5% YoY) vs QoQ Rs. -191 Cr, YoY Rs. -49.2 Cr
EBITDA Margin came at 5% vs QoQ -20.6%, YoY -16.1%
Adj. PAT came at Rs. 7.9 Cr vs QoQ Rs. 227.9 Cr, YoY Rs. -102 Cr (PAT was higher in previous quarter due to a one-off other income)
Quarter EPS is Rs. 0.6
Share is trading at P/E of 12.6x TTM EPS
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 789.7 Cr (-14.9% QoQ, 158.7% YoY) vs QoQ Rs. 928.4 Cr, YoY Rs. 305.3 Cr
EBIDTA came at Rs. 39.1 Cr (-120.5% QoQ, -179.5% YoY) vs QoQ Rs. -191 Cr, YoY Rs. -49.2 Cr
EBITDA Margin came at 5% vs QoQ -20.6%, YoY -16.1%
Adj. PAT came at Rs. 7.9 Cr vs QoQ Rs. 227.9 Cr, YoY Rs. -102 Cr (PAT was higher in previous quarter due to a one-off other income)
Quarter EPS is Rs. 0.6
Share is trading at P/E of 12.6x TTM EPS
*Kirloskar Pneumatic Q1FY22 Concall Update*
(Nirmal Bang Securities)
*CNG & Air compressors to drive growth*
*Outlook: Positive*
• Commissioning of CNG packages were delayed as they could not be shipped out in Q1 and will spill over to Q2 & Q3.
• Seasonally H2 is much stronger than H1.
• Historically co has been focused on projects business.
• 45% of revenue in Q1FY22 was from Projects vs 60% in FY21. With more product sales during the qtr, co was able to pass on the RM hikes. With Project mix likely to increase in future qtrs where margins are fixed, overall margins are expected to come under pressure.
• *Co has maintained its guidance for topline of Rs. 2,000 Cr by FY24. (FY21 topline was Rs. 823 Cr, thus translating to 35% CAGR).*
• Co shall cross Rs. 1000 Cr sales in FY22.
• Co will incur a capex of Rs. 30-40 Cr per annum.
• Order book remains stable since last 3 qtrs at Rs. 1,000 Cr vs YoY Rs. 858 Cr. Almost 45% of the OB is from Gas Compressor segment. 25% is from Air Compressors.
• Co is working on building railroad wagons since many years. Currently co runs them only between Delhi-Chennai path. Focus will be on manufacturing such wagons and not on running them. This business will take time to build size. Co’s investment here is Rs. 60 Cr.
• Transmission business (5% of total mix) is dependent on railway segment and is expected to grow well. Losses will stop here. Focus here has shifted to cater to captive usage.
*Air compressor (15-18% mix for co) market in India is at Rs. 3,000 Cr (-10 degree to +50 degree)*
• Co’s market share here is significantly lower than other competitors. Centrifugal compressor market is around 15% of this i.e. around Rs. 200 Cr. Co believes it can gain market share in screw compressors and centrifugal compressors.
• Mix of this business is likely to increase to 25% in FY22 and is expected to grow much faster than the co level growth.
*Refrigeration compressor (35% mix for co) market in India is at Rs. 1200-1500 Cr*
Market is not growing here. Clients here are mainly from Oil & Gas sector like petrochemical cos.
*Gas Compression (45% mix for co)*
• In India’s total energy basket, the share of Gas is likely to increase from 6% to 15%.
• Industry itself is growing at a fast pace. With the announcement of the 9th & 10th phase of City Gas Distribution scheme, growth will be high. Based on 9th & 10th phase, Rs. 6k Cr is total market size which can unfold over a period of 8 years. Hence around Rs. 750 Cr could be the annual addressable market.
• In CNG packages, 80% of the market is dominated by 2 players. Co has 50% market share of the CNG market and 30% is possessed by a Pune based co. Co’s edge is that it offers end to end work here.
Stock is trading at TTM P/E of 31x
(Nirmal Bang Securities)
*CNG & Air compressors to drive growth*
*Outlook: Positive*
• Commissioning of CNG packages were delayed as they could not be shipped out in Q1 and will spill over to Q2 & Q3.
• Seasonally H2 is much stronger than H1.
• Historically co has been focused on projects business.
• 45% of revenue in Q1FY22 was from Projects vs 60% in FY21. With more product sales during the qtr, co was able to pass on the RM hikes. With Project mix likely to increase in future qtrs where margins are fixed, overall margins are expected to come under pressure.
• *Co has maintained its guidance for topline of Rs. 2,000 Cr by FY24. (FY21 topline was Rs. 823 Cr, thus translating to 35% CAGR).*
• Co shall cross Rs. 1000 Cr sales in FY22.
• Co will incur a capex of Rs. 30-40 Cr per annum.
• Order book remains stable since last 3 qtrs at Rs. 1,000 Cr vs YoY Rs. 858 Cr. Almost 45% of the OB is from Gas Compressor segment. 25% is from Air Compressors.
• Co is working on building railroad wagons since many years. Currently co runs them only between Delhi-Chennai path. Focus will be on manufacturing such wagons and not on running them. This business will take time to build size. Co’s investment here is Rs. 60 Cr.
• Transmission business (5% of total mix) is dependent on railway segment and is expected to grow well. Losses will stop here. Focus here has shifted to cater to captive usage.
*Air compressor (15-18% mix for co) market in India is at Rs. 3,000 Cr (-10 degree to +50 degree)*
• Co’s market share here is significantly lower than other competitors. Centrifugal compressor market is around 15% of this i.e. around Rs. 200 Cr. Co believes it can gain market share in screw compressors and centrifugal compressors.
• Mix of this business is likely to increase to 25% in FY22 and is expected to grow much faster than the co level growth.
*Refrigeration compressor (35% mix for co) market in India is at Rs. 1200-1500 Cr*
Market is not growing here. Clients here are mainly from Oil & Gas sector like petrochemical cos.
*Gas Compression (45% mix for co)*
• In India’s total energy basket, the share of Gas is likely to increase from 6% to 15%.
• Industry itself is growing at a fast pace. With the announcement of the 9th & 10th phase of City Gas Distribution scheme, growth will be high. Based on 9th & 10th phase, Rs. 6k Cr is total market size which can unfold over a period of 8 years. Hence around Rs. 750 Cr could be the annual addressable market.
• In CNG packages, 80% of the market is dominated by 2 players. Co has 50% market share of the CNG market and 30% is possessed by a Pune based co. Co’s edge is that it offers end to end work here.
Stock is trading at TTM P/E of 31x
*CreditAccess Grameen Ltd. - C* | *CMP* Rs. 605 | *M Cap* Rs. 9414 Cr | *52 W H/L* 840/498
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
NII came at Rs. 338 Cr vs expectation of Rs. 346.6 Cr, YoY Rs. 356.5 Cr, QoQ Rs. 374.7 Cr
PBP came at Rs. 216.4 Cr vs expectation of Rs. 265.7 Cr, YoY Rs. 255.6 Cr, QoQ Rs. 329 Cr
Provision came at Rs. 187.9 Cr vs expectation of Rs. 170 Cr, YoY Rs. 155.1 Cr, QoQ Rs. 250.4 Cr
PAT came at Rs. 20.3 Cr vs expectation of Rs. 49.7 Cr, YoY Rs. 74.6 Cr, QoQ Rs. 56.3 Cr
AUM came at Rs. 12664 Cr vs YoY Rs. 11724 Cr, QoQ Rs. 13878 Cr
Disbursement came at Rs. 1065 Cr vs YoY Rs. 46.4 Cr, QoQ Rs. 4996 Cr
Gross NPA came at Rs. 957.4 Cr vs QoQ Rs. 550.5 Cr at 7.56% vs QoQ 3.97%; against which co has done provisioning of 6.3%
0+ DPD increased from 5.2% in March to 30.6% in June and declined to 21.9% in July
CAGL: July Billing Efficiency improved to 91% compared to 81% in June
MMFL: July Billing Efficiency improved to 83% compared to 66% in June
Quarter EPS is Rs. 1.3
Share is trading at P/E of 11x FY23E EPS & 2.6x trailing P/BV
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
NII came at Rs. 338 Cr vs expectation of Rs. 346.6 Cr, YoY Rs. 356.5 Cr, QoQ Rs. 374.7 Cr
PBP came at Rs. 216.4 Cr vs expectation of Rs. 265.7 Cr, YoY Rs. 255.6 Cr, QoQ Rs. 329 Cr
Provision came at Rs. 187.9 Cr vs expectation of Rs. 170 Cr, YoY Rs. 155.1 Cr, QoQ Rs. 250.4 Cr
PAT came at Rs. 20.3 Cr vs expectation of Rs. 49.7 Cr, YoY Rs. 74.6 Cr, QoQ Rs. 56.3 Cr
AUM came at Rs. 12664 Cr vs YoY Rs. 11724 Cr, QoQ Rs. 13878 Cr
Disbursement came at Rs. 1065 Cr vs YoY Rs. 46.4 Cr, QoQ Rs. 4996 Cr
Gross NPA came at Rs. 957.4 Cr vs QoQ Rs. 550.5 Cr at 7.56% vs QoQ 3.97%; against which co has done provisioning of 6.3%
0+ DPD increased from 5.2% in March to 30.6% in June and declined to 21.9% in July
CAGL: July Billing Efficiency improved to 91% compared to 81% in June
MMFL: July Billing Efficiency improved to 83% compared to 66% in June
Quarter EPS is Rs. 1.3
Share is trading at P/E of 11x FY23E EPS & 2.6x trailing P/BV
*HEG Ltd. – S* | *CMP* Rs. 2225 | *M Cap* Rs. 8588 Cr | *52 W H/L* 2580/659
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 413.7 Cr (8.7% QoQ, 77.3% YoY) vs QoQ Rs. 380.5 Cr, YoY Rs. 233.3 Cr
EBIDTA came at Rs. 72.4 Cr (-1643.9% QoQ, -740.2% YoY) vs QoQ Rs. -4.7 Cr, YoY Rs. -11.3 Cr
EBITDA Margin came at 17.5% vs QoQ -1.2%, YoY -4.8%
Adj. PAT came at Rs. 55.8 Cr vs QoQ Rs. -6.8 Cr, YoY Rs. 10.8 Cr
Quarter EPS is Rs. 14.5
Share is trading at P/E of 12.3x FY22E EPS
Share is trading at EV/EBITDA of 4.92x FY23E EBITDA
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 413.7 Cr (8.7% QoQ, 77.3% YoY) vs QoQ Rs. 380.5 Cr, YoY Rs. 233.3 Cr
EBIDTA came at Rs. 72.4 Cr (-1643.9% QoQ, -740.2% YoY) vs QoQ Rs. -4.7 Cr, YoY Rs. -11.3 Cr
EBITDA Margin came at 17.5% vs QoQ -1.2%, YoY -4.8%
Adj. PAT came at Rs. 55.8 Cr vs QoQ Rs. -6.8 Cr, YoY Rs. 10.8 Cr
Quarter EPS is Rs. 14.5
Share is trading at P/E of 12.3x FY22E EPS
Share is trading at EV/EBITDA of 4.92x FY23E EBITDA
*Gujarat State Fertilizers & Chemicals Ltd.* | *CMP* Rs. 112 | *M Cap* Rs. 4455 Cr | *52 W H/L* 125/54
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1850.9 Cr (6.3% QoQ, 13.1% YoY) vs QoQ Rs. 1740.4 Cr, YoY Rs. 1636.6 Cr
EBIDTA came at Rs. 200.9 Cr (38.5% QoQ, 122.7% YoY) vs QoQ Rs. 145.1 Cr, YoY Rs. 90.2 Cr
EBITDA Margin came at 10.9% vs QoQ 8.3%, YoY 5.5%
Adj. PAT came at Rs. 136.1 Cr vs QoQ Rs. 149.8 Cr, YoY Rs. 30.3 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 8.8x FY22E EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1850.9 Cr (6.3% QoQ, 13.1% YoY) vs QoQ Rs. 1740.4 Cr, YoY Rs. 1636.6 Cr
EBIDTA came at Rs. 200.9 Cr (38.5% QoQ, 122.7% YoY) vs QoQ Rs. 145.1 Cr, YoY Rs. 90.2 Cr
EBITDA Margin came at 10.9% vs QoQ 8.3%, YoY 5.5%
Adj. PAT came at Rs. 136.1 Cr vs QoQ Rs. 149.8 Cr, YoY Rs. 30.3 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 8.8x FY22E EPS
Correction *Punjab Chemicals & Crop Protection Ltd.* | *CMP* Rs. 1241 | *M Cap* Rs. 1522 Cr | *52 W H/L* 1490/420
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 211 Cr (0.7% QoQ, 59.6% YoY) vs QoQ Rs. 209.5 Cr, YoY Rs. 132.2 Cr
EBIDTA came at Rs. 36.9 Cr (58.5% QoQ, 66.7% YoY) vs QoQ Rs. 23.3 Cr, YoY Rs. 22.1 Cr
EBITDA Margin came at 17.5% vs QoQ 11.1%, YoY 16.7%
Adj. PAT came at Rs. 24.3 Cr vs QoQ Rs. 10.5 Cr, YoY Rs. 11.2 Cr
Quarter EPS is Rs. 19.8
Share is trading at P/E of 24.5x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 211 Cr (0.7% QoQ, 59.6% YoY) vs QoQ Rs. 209.5 Cr, YoY Rs. 132.2 Cr
EBIDTA came at Rs. 36.9 Cr (58.5% QoQ, 66.7% YoY) vs QoQ Rs. 23.3 Cr, YoY Rs. 22.1 Cr
EBITDA Margin came at 17.5% vs QoQ 11.1%, YoY 16.7%
Adj. PAT came at Rs. 24.3 Cr vs QoQ Rs. 10.5 Cr, YoY Rs. 11.2 Cr
Quarter EPS is Rs. 19.8
Share is trading at P/E of 24.5x TTM EPS
*Punjab Chemicals & Crop Protection Ltd.* | *CMP* Rs. 1241 | *M Cap* Rs. 1522 Cr | *52 W H/L* 1490/420
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 208.4 Cr (-0.5% QoQ, 57.7% YoY) vs QoQ Rs. 209.5 Cr, YoY Rs. 132.2 Cr
EBIDTA came at Rs. 34.5 Cr (48.3% QoQ, 56% YoY) vs QoQ Rs. 23.3 Cr, YoY Rs. 22.1 Cr
EBITDA Margin came at 16.6% vs QoQ 11.1%, YoY 16.7%
Adj. PAT came at Rs. 21.9 Cr vs QoQ Rs. 10.5 Cr, YoY Rs. 11.2 Cr
Quarter EPS is Rs. 17.9
Share is trading at P/E of 25.5x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 208.4 Cr (-0.5% QoQ, 57.7% YoY) vs QoQ Rs. 209.5 Cr, YoY Rs. 132.2 Cr
EBIDTA came at Rs. 34.5 Cr (48.3% QoQ, 56% YoY) vs QoQ Rs. 23.3 Cr, YoY Rs. 22.1 Cr
EBITDA Margin came at 16.6% vs QoQ 11.1%, YoY 16.7%
Adj. PAT came at Rs. 21.9 Cr vs QoQ Rs. 10.5 Cr, YoY Rs. 11.2 Cr
Quarter EPS is Rs. 17.9
Share is trading at P/E of 25.5x TTM EPS
*Navneet Education Ltd.* | *CMP* Rs. 100 | *M Cap* Rs. 2289 Cr | *52 W H/L* 108/72
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 327.8 Cr (52% QoQ, -1.3% YoY) vs QoQ Rs. 215.7 Cr, YoY Rs. 332 Cr
EBIDTA came at Rs. 58.7 Cr (56.2% QoQ, -14.5% YoY) vs QoQ Rs. 37.6 Cr, YoY Rs. 68.7 Cr
EBITDA Margin came at 17.9% vs QoQ 17.4%, YoY 20.7%
Adj. PAT came at Rs. 32.1 Cr vs QoQ Rs. 18.9 Cr, YoY Rs. 39.4 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 22.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 327.8 Cr (52% QoQ, -1.3% YoY) vs QoQ Rs. 215.7 Cr, YoY Rs. 332 Cr
EBIDTA came at Rs. 58.7 Cr (56.2% QoQ, -14.5% YoY) vs QoQ Rs. 37.6 Cr, YoY Rs. 68.7 Cr
EBITDA Margin came at 17.9% vs QoQ 17.4%, YoY 20.7%
Adj. PAT came at Rs. 32.1 Cr vs QoQ Rs. 18.9 Cr, YoY Rs. 39.4 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 22.5x FY22E EPS
*Rupa & Company Ltd.* | *CMP* Rs. 484 | *M Cap* Rs. 3849 Cr | *52 W H/L* 550/150
(Nirmal Bang Retail Research)
*Result is decline* Sales growth YoY as compared to peer is lower
Revenue from Operations came at Rs. 218 Cr (-52% QoQ, 4% YoY) vs QoQ Rs. 454 Cr, YoY Rs. 209.6 Cr
EBIDTA came at Rs. 42.1 Cr (-53.5% QoQ, 16% YoY) vs QoQ Rs. 90.6 Cr, YoY Rs. 36.3 Cr
EBITDA Margin came at 19.3% vs QoQ 20%, YoY 17.3%
Adj. PAT came at Rs. 27.2 Cr vs QoQ Rs. 65.9 Cr, YoY Rs. 20.6 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 20.7x FY22E EPS
(Nirmal Bang Retail Research)
*Result is decline* Sales growth YoY as compared to peer is lower
Revenue from Operations came at Rs. 218 Cr (-52% QoQ, 4% YoY) vs QoQ Rs. 454 Cr, YoY Rs. 209.6 Cr
EBIDTA came at Rs. 42.1 Cr (-53.5% QoQ, 16% YoY) vs QoQ Rs. 90.6 Cr, YoY Rs. 36.3 Cr
EBITDA Margin came at 19.3% vs QoQ 20%, YoY 17.3%
Adj. PAT came at Rs. 27.2 Cr vs QoQ Rs. 65.9 Cr, YoY Rs. 20.6 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 20.7x FY22E EPS