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ADDED MORE CHEMBOND AT 239 - 239.8 - 240.4

ADDING AGGRESSIVELY ✈️✈️✈️
*Oil India Ltd.* | *CMP* Rs. 169 | *M Cap* Rs. 18375 Cr | *52 W H/L* 177/83
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 3007 Cr (16.6% QoQ, 72.4% YoY) vs expectation of Rs. 3023 Cr, QoQ Rs. 2579.5 Cr, YoY Rs. 1743.9 Cr
EBIDTA came at Rs. 1233.1 Cr (190.3% QoQ, 525.3% YoY) vs expectation of Rs. 987.8 Cr, QoQ Rs. 424.7 Cr, YoY Rs. 197.2 Cr
EBITDA Margin came at 41% vs expectation of 32.7%, QoQ 16.5%, YoY 11.3%
Adj. PAT came at Rs. 507.9 Cr vs expectation of Rs. 428.5 Cr, QoQ Rs. 917.7 Cr, YoY Rs. -155.2 Cr
Quarter EPS is Rs. 4.7
Share is trading at P/E of 5.2x FY22E EPS
*Bharat Petroleum Corporation Ltd.* | *CMP* Rs. 451 | *M Cap* Rs. 97723 Cr | *52 W H/L* 494/325
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 70921.3 Cr (-7.8% QoQ, 82.9% YoY) vs expectation of Rs. 76424.7 Cr, QoQ Rs. 76882.3 Cr, YoY Rs. 38785.1 Cr
EBIDTA came at Rs. 3252.7 Cr (-35.7% QoQ, -18.1% YoY) vs expectation of Rs. 3157.7 Cr, QoQ Rs. 5057.9 Cr, YoY Rs. 3972.4 Cr
EBITDA Margin came at 4.6% vs expectation of 4.1%, QoQ 6.6%, YoY 10.2%
Adj. PAT came at Rs. 1501.7 Cr vs expectation of Rs. 1676.3 Cr, QoQ Rs. 4947.2 Cr, YoY Rs. 2076.2 Cr
Quarter EPS is Rs. 6.9
Share is trading at P/E of 10.9x FY22E EPS
*Indian Railway Catering And Tourism Corporation Ltd.* | *CMP* Rs. 2700 | *M Cap* Rs. 43200 Cr | *52 W H/L* 2700/1290
(Nirmal Bang Retail Research)
*Result Marginally ahead of Expectation*
Revenue from Operations came at Rs. 243.4 Cr (-28.2% QoQ, 85.3% YoY) vs expectation of Rs. 239.5 Cr, QoQ Rs. 338.8 Cr, YoY Rs. 131.3 Cr
EBIDTA came at Rs. 111.5 Cr (-23.1% QoQ, -354.2% YoY) vs expectation of Rs. 102.6 Cr, QoQ Rs. 145.1 Cr, YoY Rs. -43.9 Cr
EBITDA Margin came at 45.8% vs expectation of 42.8%, QoQ 42.8%, YoY -33.4%
Adj. PAT came at Rs. 82.5 Cr vs expectation of Rs. 84.1 Cr, QoQ Rs. 106.7 Cr, YoY Rs. -24.6 Cr
Quarter EPS is Rs. 5.2
Share is trading at P/E of 76.9x FY22E EPS
*Mazagon Dock Shipbuilders Ltd.* | *CMP* Rs. 257 | *M Cap* Rs. 5183 Cr | *52 W H/L* 296/164
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1214.2 Cr (9.9% QoQ, 216.3% YoY) vs QoQ Rs. 1105.1 Cr, YoY Rs. 383.9 Cr
EBIDTA came at Rs. 70.3 Cr (63.6% QoQ, 335.3% YoY) vs QoQ Rs. 43 Cr, YoY Rs. 16.1 Cr
EBITDA Margin came at 5.8% vs QoQ 3.9%, YoY 4.2%
Adj. PAT came at Rs. 115.6 Cr vs QoQ Rs. 259.6 Cr, YoY Rs. 105.2 Cr
Quarter EPS is Rs. 5.7
Share is trading at P/E of 8x TTM EPS
IRCTC: CO APPROVED STOCK SPLIT IN RATIO 1:5
*Kesoram Industries Ltd.* | *CMP* Rs. 90 | *M Cap* Rs. 1477 Cr | *52 W H/L* 106/34
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 855.4 Cr (-0.7% QoQ, 100.2% YoY) vs QoQ Rs. 861.6 Cr, YoY Rs. 427.3 Cr
EBIDTA came at Rs. 170.1 Cr (47.7% QoQ, 132.3% YoY) vs QoQ Rs. 115.2 Cr, YoY Rs. 73.2 Cr
EBITDA Margin came at 19.9% vs QoQ 13.4%, YoY 17.1%
Adj. PAT came at Rs. 12.8 Cr vs QoQ Rs. 317.3 Cr, YoY Rs. -16 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 3.8x TTM EPS
*INEOS Styrolution India Ltd.* | *CMP* Rs. 1411 | *M Cap* Rs. 2481 Cr | *52 W H/L* 1570/484
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 454.7 Cr (-28.6% QoQ, 293.6% YoY) vs QoQ Rs. 636.5 Cr, YoY Rs. 115.5 Cr
EBIDTA came at Rs. 126.3 Cr (-44.4% QoQ, -717.1% YoY) vs QoQ Rs. 227.3 Cr, YoY Rs. -20.5 Cr
EBITDA Margin came at 27.8% vs QoQ 35.7%, YoY -17.7%
Adj. PAT came at Rs. 86 Cr vs QoQ Rs. 161.4 Cr, YoY Rs. -20 Cr
Quarter EPS is Rs. 48.9
Share is trading at P/E of 6.4x TTM EPS
*Matrimony.Com Ltd.* | *CMP* Rs. 1146 | *M Cap* Rs. 2621 Cr | *52 W H/L* 1242/511
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 105.5 Cr (4.3% QoQ, 21.5% YoY) vs QoQ Rs. 101.1 Cr, YoY Rs. 86.8 Cr
EBIDTA came at Rs. 22.3 Cr (28.6% QoQ, 44.2% YoY) vs QoQ Rs. 17.3 Cr, YoY Rs. 15.4 Cr
EBITDA Margin came at 21.1% vs QoQ 17.1%, YoY 17.8%
Adj. PAT came at Rs. 13.8 Cr vs QoQ Rs. 10.1 Cr, YoY Rs. 9.4 Cr
Quarter EPS is Rs. 6
Share is trading at P/E of 44.1x FY22E EPS
*Rites Ltd.* | *CMP* Rs. 269 | *M Cap* Rs. 6464 Cr | *52 W H/L* 303/232
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 354.7 Cr (-44.2% QoQ, 5.7% YoY) vs expectation of Rs. 639.2 Cr, QoQ Rs. 635.9 Cr, YoY Rs. 335.5 Cr
EBIDTA came at Rs. 96.9 Cr (-47.7% QoQ, 61.7% YoY) vs expectation of Rs. 171.1 Cr, QoQ Rs. 185.4 Cr, YoY Rs. 60 Cr
EBITDA Margin came at 27.3% vs expectation of 26.8%, QoQ 29.2%, YoY 17.9%
Adj. PAT came at Rs. 77.9 Cr vs expectation of Rs. 144.6 Cr, QoQ Rs. 137.7 Cr, YoY Rs. 62.8 Cr
Quarter EPS is Rs. 3.2
Share is trading at P/E of 10.4x FY22E EPS
*Maithan Alloys Ltd.* | *CMP* Rs. 1202 | *M Cap* Rs. 3499 Cr | *52 W H/L* 1255/442
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 565.6 Cr (13.3% QoQ, 113% YoY) vs QoQ Rs. 499.2 Cr, YoY Rs. 265.6 Cr
EBIDTA came at Rs. 141.1 Cr (27.6% QoQ, 241.6% YoY) vs QoQ Rs. 110.6 Cr, YoY Rs. 41.3 Cr
EBITDA Margin came at 24.9% vs QoQ 22.2%, YoY 15.6%
Adj. PAT came at Rs. 112.1 Cr vs QoQ Rs. 84.5 Cr, YoY Rs. 35.2 Cr
Quarter EPS is Rs. 38.5
Share is trading at P/E of 11.4x TTM EPS
*Natco Pharma Ltd.* | *CMP* Rs. 999 | *M Cap* Rs. 18216 Cr | *52 W H/L* 1189/731
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 410.3 Cr (23.8% QoQ, -27.2% YoY) vs expectation of Rs. 406.1 Cr, QoQ Rs. 331.3 Cr, YoY Rs. 563.4 Cr
EBIDTA came at Rs. 109.8 Cr (44.1% QoQ, -35.8% YoY) vs expectation of Rs. 98.6 Cr, QoQ Rs. 76.2 Cr, YoY Rs. 171.1 Cr
EBITDA Margin came at 26.8% vs expectation of 24.3%, QoQ 23%, YoY 30.4%
Adj. PAT came at Rs. 75 Cr vs expectation of Rs. 69.2 Cr, QoQ Rs. 53 Cr, YoY Rs. 122.8 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 33.2x FY22E EPS
*Bharat Forge Ltd.* | *CMP* Rs. 820 | *M Cap* Rs. 38173 Cr | *52 W H/L* 832/383
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 1371.8 Cr (4.9% QoQ, 221.3% YoY) vs expectation of Rs. 1164.7 Cr, QoQ Rs. 1307.3 Cr, YoY Rs. 427 Cr
EBIDTA came at Rs. 391.4 Cr (9% QoQ, -13929.7% YoY) vs expectation of Rs. 278.3 Cr, QoQ Rs. 359.1 Cr, YoY Rs. -2.8 Cr
EBITDA Margin came at 28.5% vs expectation of 23.9%, QoQ 27.5%, YoY -0.7%
Adj. PAT came at Rs. 228.3 Cr vs expectation of Rs. 147.2 Cr, QoQ Rs. 206.3 Cr, YoY Rs. -56.3 Cr
Quarter EPS is Rs. 4.9
Share is trading at P/E of 48.3x FY22E EPS
*Avanti Feeds Ltd.* | *CMP* Rs. 572 | *M Cap* Rs. 7793 Cr | *52 W H/L* 675/410
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1408.8 Cr (28.3% QoQ, 47.5% YoY) vs QoQ Rs. 1098.1 Cr, YoY Rs. 955.4 Cr
EBIDTA came at Rs. 94.8 Cr (11% QoQ, -26.6% YoY) vs QoQ Rs. 85.4 Cr, YoY Rs. 129.1 Cr
EBITDA Margin came at 6.7% vs QoQ 7.8%, YoY 13.5%
Adj. PAT came at Rs. 77 Cr vs QoQ Rs. 69.7 Cr, YoY Rs. 104.1 Cr
Quarter EPS is Rs. 5.7
Share is trading at P/E of 18.3x FY22E EPS
*Sundram Fasteners Ltd.* | *CMP* Rs. 773 | *M Cap* Rs. 16235 Cr | *52 W H/L* 868/392
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1112.4 Cr (-12.6% QoQ, 198.1% YoY) vs QoQ Rs. 1273.1 Cr, YoY Rs. 373.2 Cr
EBIDTA came at Rs. 200.5 Cr (-15.3% QoQ, 1224% YoY) vs QoQ Rs. 236.8 Cr, YoY Rs. 15.1 Cr
EBITDA Margin came at 18% vs QoQ 18.6%, YoY 4.1%
Adj. PAT came at Rs. 120.5 Cr vs QoQ Rs. 140.8 Cr, YoY Rs. -26.7 Cr
Quarter EPS is Rs. 5.7
Share is trading at P/E of 32.2x FY22E EPS
*Sundram Fasteners Ltd.* | *CMP* Rs. 773 | *M Cap* Rs. 16235 Cr | *52 W H/L* 868/392
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1112.4 Cr (-12.6% QoQ, 198.1% YoY) vs QoQ Rs. 1273.1 Cr, YoY Rs. 373.2 Cr
EBIDTA came at Rs. 200.5 Cr (-15.3% QoQ, 1224% YoY) vs QoQ Rs. 236.8 Cr, YoY Rs. 15.1 Cr
EBITDA Margin came at 18% vs QoQ 18.6%, YoY 4.1%
Adj. PAT came at Rs. 120.5 Cr vs QoQ Rs. 140.8 Cr, YoY Rs. -26.7 Cr
Quarter EPS is Rs. 5.7
Share is trading at P/E of 32.2x FY22E EPS
*Man InfraConstruction Ltd.* | *CMP* Rs. 72 | *M Cap* Rs. 1782 Cr | *52 W H/L* 72/18
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 153.4 Cr (-26.8% QoQ, 571.2% YoY) vs QoQ Rs. 209.4 Cr, YoY Rs. 22.9 Cr
EBIDTA came at Rs. 69.8 Cr (75.3% QoQ, 401.7% YoY) vs QoQ Rs. 39.8 Cr, YoY Rs. 13.9 Cr
EBITDA Margin came at 45.5% vs QoQ 19%, YoY 60.9%
Adj. PAT came at Rs. 32.8 Cr vs QoQ Rs. 15.5 Cr, YoY Rs. 2.3 Cr
Quarter EPS is Rs. 1.3
Share is trading at P/E of 28.5x TTM EPS
*3M India Ltd.* | *CMP* Rs. 24537 | *M Cap* Rs. 27641 Cr | *52 W H/L* 31000/18000
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 688.5 Cr (-16.8% QoQ, 98.9% YoY) vs QoQ Rs. 827.2 Cr, YoY Rs. 346.2 Cr
EBIDTA came at Rs. 44.4 Cr (-56.6% QoQ, -191.8% YoY) vs QoQ Rs. 102.4 Cr, YoY Rs. -48.4 Cr
EBITDA Margin came at 6.5% vs QoQ 12.4%, YoY -14%
Adj. PAT came at Rs. 28 Cr vs QoQ Rs. 70.5 Cr, YoY Rs. -42.5 Cr
Quarter EPS is Rs. 24.8
Share is trading at P/E of 118.7x TTM EPS
*Hester Biosciences Ltd.* | *CMP* Rs. 2343 | *M Cap* Rs. 1993 Cr | *52 W H/L* 3180/1379
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 60.2 Cr (-6.2% QoQ, 51% YoY) vs QoQ Rs. 64.2 Cr, YoY Rs. 39.9 Cr
EBIDTA came at Rs. 17.1 Cr (-13.7% QoQ, 43.4% YoY) vs QoQ Rs. 19.8 Cr, YoY Rs. 11.9 Cr
EBITDA Margin came at 28.4% vs QoQ 30.8%, YoY 29.9%
Adj. PAT came at Rs. 11 Cr vs QoQ Rs. 13 Cr, YoY Rs. 5.7 Cr
Quarter EPS is Rs. 13
Share is trading at P/E of 46.3x TTM EPS