Money Market Update
The rupee ended at 74.25 against the U.S. dollar on Thursday as compared to Wednesday's closing of 74.44.
The rupee ended at 74.25 against the U.S. dollar on Thursday as compared to Wednesday's closing of 74.44.
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investments bought 38.25 lakh shares between August 9-11.
Dixon Technologies (India): Promoter Geeta Vaswani sold 1,000 shares between August 9-10.
Grindwell Norton: Promoter KM Narang sold 4,124 shares on August 11.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 2.77 lakh shares on August 11.
JTL Infra: Promoter Jagan Industries sold 75,000 shares on August 11.
KEI Industries: Promoter Anil Gupta sold 1.37 lakh shares between August 10-11.
Karda Constructions: Promoter Karamchand Karda sold 5.25 lakh shares on August 11.
Mold-Tek Packaging: Promoters (Venkateswara Pattabhi, Adivishnu Mythri and Golukonda Satyavati) sold 2.98 lakh shares on August 6.
SVP Global Ventures: Promoters (Prafulla Gattani and Shubhankar Gattani) sold 1.04 lakh shares on August 9.
Adani Green Energy: Promoter Infinite Trade and Investments bought 38.25 lakh shares between August 9-11.
Dixon Technologies (India): Promoter Geeta Vaswani sold 1,000 shares between August 9-10.
Grindwell Norton: Promoter KM Narang sold 4,124 shares on August 11.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 2.77 lakh shares on August 11.
JTL Infra: Promoter Jagan Industries sold 75,000 shares on August 11.
KEI Industries: Promoter Anil Gupta sold 1.37 lakh shares between August 10-11.
Karda Constructions: Promoter Karamchand Karda sold 5.25 lakh shares on August 11.
Mold-Tek Packaging: Promoters (Venkateswara Pattabhi, Adivishnu Mythri and Golukonda Satyavati) sold 2.98 lakh shares on August 6.
SVP Global Ventures: Promoters (Prafulla Gattani and Shubhankar Gattani) sold 1.04 lakh shares on August 9.
Pledge Share Details
Emami: Promoters (Sneha Enclave and Suraj Finvest) revoked pledge of 9.61 lakh shares between August 10-11
Emami: Promoters (Sneha Enclave and Suraj Finvest) revoked pledge of 9.61 lakh shares between August 10-11
World Markets
Dow + 15
Nasdaq + 51
Dax + 111
Nikkei - 20
Hangseng - 255
Sgxnifty - 13 (16352)
Brent Crude 71
Dow Fut + 2
Dollar Index 92.99
Dow + 15
Nasdaq + 51
Dax + 111
Nikkei - 20
Hangseng - 255
Sgxnifty - 13 (16352)
Brent Crude 71
Dow Fut + 2
Dollar Index 92.99
Stocks To Watch
Coal India: Plans to increase prices of the fuel sold through long-term contracts. The company is in talks with stakeholders, including the government, and all are on board with the plan, considering costs have risen, Chairman Pramod Agrawal said. Costs are rising due to higher diesel prices and the company will start making provisions for a workers’ wage increase from the quarter that began in July. The company saw 30% premiums over notified prices in e-auction sales. Premiums could rise in coming months due to huge demand for coal and the surge in international prices, Agrawal added. Expects production of about 640 million tons versus target of 670 million tons in the current fiscal year ending March. Shipments seen at about 700 million tons versus 740 million tons target
Tata Power: Tata Power Solar Systems, a wholly owned subsidiary of the company, has bagged an order worth Rs 386 crore. The subsidiary will construct 50MWp Solar PV Plant with 50MWh Battery Energy Storage System project at Phyang village in Leh, Ladakh. The commercial operation date for this project is set for March 2023. With this project, the order pipeline of Tata Power Solar now stands at approximate order value of Rs 12,414 crore.
Future Group stocks: Future Coupons Pvt. has filed a fresh petition in Supreme Court challenging a high court ruling that ordered a complete halt to selling its assets to Reliance Industries Ltd. The firm has challenged the high court’s March 18 order to enforce a Singapore tribunal’s halt to the sale. The Supreme Court has not allotted a date for hearing the new case as yet, according to a Bloomberg report.
SRF: Gujarat Pollution Control Board has issued directions to suspend operations in P2 and two other allied plants in Dahej Chemicals Complex. The company sees no material effect on operations from GPCB directions.
Earnings: Oil and Natural Gas Corporation, Grasim Industries, Apollo Hospitals Enterprise, Indian Railway Finance Corporation, Indraprastha Gas, Star Cement, AIA Engineering, Petronet LNG, Akzo Nobel India, Bharat Dynamics, Mindspace Business Parks REIT, Borosil, Burger King India, Fine Organic Industries, Tube Investments of India, Forbes & Company, Glenmark Pharmaceuticals, Astra Microwave Products, Bajaj Hindusthan Sugar, Bayer Cropscience, Ingersoll-Rand (India), Jammu & Kashmir Bank, KRBL, Kaveri Seed Company, MOIL, Mahanagar Telephone Nigam LTD., NBCC (India), NCL Industries, NHPC, Nirlon, Seamec, Sun Tv Network, Tide Water Oil (India), Westlife Development
Coal India: Plans to increase prices of the fuel sold through long-term contracts. The company is in talks with stakeholders, including the government, and all are on board with the plan, considering costs have risen, Chairman Pramod Agrawal said. Costs are rising due to higher diesel prices and the company will start making provisions for a workers’ wage increase from the quarter that began in July. The company saw 30% premiums over notified prices in e-auction sales. Premiums could rise in coming months due to huge demand for coal and the surge in international prices, Agrawal added. Expects production of about 640 million tons versus target of 670 million tons in the current fiscal year ending March. Shipments seen at about 700 million tons versus 740 million tons target
Tata Power: Tata Power Solar Systems, a wholly owned subsidiary of the company, has bagged an order worth Rs 386 crore. The subsidiary will construct 50MWp Solar PV Plant with 50MWh Battery Energy Storage System project at Phyang village in Leh, Ladakh. The commercial operation date for this project is set for March 2023. With this project, the order pipeline of Tata Power Solar now stands at approximate order value of Rs 12,414 crore.
Future Group stocks: Future Coupons Pvt. has filed a fresh petition in Supreme Court challenging a high court ruling that ordered a complete halt to selling its assets to Reliance Industries Ltd. The firm has challenged the high court’s March 18 order to enforce a Singapore tribunal’s halt to the sale. The Supreme Court has not allotted a date for hearing the new case as yet, according to a Bloomberg report.
SRF: Gujarat Pollution Control Board has issued directions to suspend operations in P2 and two other allied plants in Dahej Chemicals Complex. The company sees no material effect on operations from GPCB directions.
Earnings: Oil and Natural Gas Corporation, Grasim Industries, Apollo Hospitals Enterprise, Indian Railway Finance Corporation, Indraprastha Gas, Star Cement, AIA Engineering, Petronet LNG, Akzo Nobel India, Bharat Dynamics, Mindspace Business Parks REIT, Borosil, Burger King India, Fine Organic Industries, Tube Investments of India, Forbes & Company, Glenmark Pharmaceuticals, Astra Microwave Products, Bajaj Hindusthan Sugar, Bayer Cropscience, Ingersoll-Rand (India), Jammu & Kashmir Bank, KRBL, Kaveri Seed Company, MOIL, Mahanagar Telephone Nigam LTD., NBCC (India), NCL Industries, NHPC, Nirlon, Seamec, Sun Tv Network, Tide Water Oil (India), Westlife Development
Bharat Forge Q1FY22 Con-call Update
(Nirmal Bang Retail Research)
*Outlook: Positive*
Volumes for Q1FY22 are at 53512 tons vs 55837 tons QoQ (-4.2%) and 17840 tons YoY (199.9% growth)
• Domestic revenue grew by 186.7 % YoY from Rs. 154.1 Cr to Rs. 441.8 Cr but degrew by 21.8% sequentially due to lockdown in various states
• Total Revenues grew by 4.9% to Rs 1371.8 Cr on back of exports growth of 25.3% to Rs 915.6 Cr
• The company had an increase of 300 bps in EBITDA margin due to favourable product mix despite cost pressure
• The outlook for FY22 continues to remain strong, albeit on a low base of FY21
• The company completed the acquisition of Sanghvi Forgings at a cost of Rs 77.06 Cr which will expand product portfolio to address significant opportunities in the Indian Industrial space over the medium term which will be consolidated from Q2
• The domestic industrial business is expected to grow in the segments of renewable energy like wind and hydro energy and other allied sectors like mining and metals sectors. All sectors barring the Defence space were affected in Q1 FY22 because of the Covid lockdown
• The Industrial international business revenues have started to recover primarily driven by the Oil& Gas space
• The company has an inflow of order in the Aero space business and plans to expand from $5 million to around $20 million in the next 2 years with capacities being set up
• In the railway segment, has an order book from Indian railways as well as international orders
• The MHCV segment production was down 52% as compared to the Jan - Mar 21 period while the PV production decline was around 24%
• The long-term debt on a standalone basis is at Rs. 2099 Cr, working capital at Rs. 1699.8 Cr and Cash is at Rs. 2714.8 Cr
• The company is planning on building one or two megasites for the e mobility and defense segments
• The company plans to make e-mobility a big part of revenues in India as well its international operations
• The company’s order by the government for Aluminium cylinders is to be completed by October’21 to be fully completed by Q3FY22
• The AI forging facility in North Carolina coming online towards the end of CY21 with revenues expected to be $8-10 million in FY22 which will further ramp up in FY23 and will be at full capacity utilization by FY24
• With a big chunk of Capex investment towards Al forgings completed, the focus over the coming years will turn towards sustaining the current level of performance and generating FCF.
• The capex for FY22 is to be Rs. 200-250 Cr and on a consolidated capex was done in US around $75 million
• Cost reduction is done in the quarter and will be extended to the next quarter
Share is trading at P/E of 30x FY23EPS
(Nirmal Bang Retail Research)
*Outlook: Positive*
Volumes for Q1FY22 are at 53512 tons vs 55837 tons QoQ (-4.2%) and 17840 tons YoY (199.9% growth)
• Domestic revenue grew by 186.7 % YoY from Rs. 154.1 Cr to Rs. 441.8 Cr but degrew by 21.8% sequentially due to lockdown in various states
• Total Revenues grew by 4.9% to Rs 1371.8 Cr on back of exports growth of 25.3% to Rs 915.6 Cr
• The company had an increase of 300 bps in EBITDA margin due to favourable product mix despite cost pressure
• The outlook for FY22 continues to remain strong, albeit on a low base of FY21
• The company completed the acquisition of Sanghvi Forgings at a cost of Rs 77.06 Cr which will expand product portfolio to address significant opportunities in the Indian Industrial space over the medium term which will be consolidated from Q2
• The domestic industrial business is expected to grow in the segments of renewable energy like wind and hydro energy and other allied sectors like mining and metals sectors. All sectors barring the Defence space were affected in Q1 FY22 because of the Covid lockdown
• The Industrial international business revenues have started to recover primarily driven by the Oil& Gas space
• The company has an inflow of order in the Aero space business and plans to expand from $5 million to around $20 million in the next 2 years with capacities being set up
• In the railway segment, has an order book from Indian railways as well as international orders
• The MHCV segment production was down 52% as compared to the Jan - Mar 21 period while the PV production decline was around 24%
• The long-term debt on a standalone basis is at Rs. 2099 Cr, working capital at Rs. 1699.8 Cr and Cash is at Rs. 2714.8 Cr
• The company is planning on building one or two megasites for the e mobility and defense segments
• The company plans to make e-mobility a big part of revenues in India as well its international operations
• The company’s order by the government for Aluminium cylinders is to be completed by October’21 to be fully completed by Q3FY22
• The AI forging facility in North Carolina coming online towards the end of CY21 with revenues expected to be $8-10 million in FY22 which will further ramp up in FY23 and will be at full capacity utilization by FY24
• With a big chunk of Capex investment towards Al forgings completed, the focus over the coming years will turn towards sustaining the current level of performance and generating FCF.
• The capex for FY22 is to be Rs. 200-250 Cr and on a consolidated capex was done in US around $75 million
• Cost reduction is done in the quarter and will be extended to the next quarter
Share is trading at P/E of 30x FY23EPS
*Technocraft Industries (India) Ltd.* | *CMP* Rs. 724 | *M Cap* Rs. 1771 Cr | *52 W H/L* 745/215
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 405.1 Cr (5.3% QoQ, 47.5% YoY) vs QoQ Rs. 384.8 Cr, YoY Rs. 274.6 Cr
EBIDTA came at Rs. 98 Cr (41.9% QoQ, 82.4% YoY) vs QoQ Rs. 69.1 Cr, YoY Rs. 53.8 Cr
EBITDA Margin came at 24.2% vs QoQ 18%, YoY 19.6%
Adj. PAT came at Rs. 70 Cr vs QoQ Rs. 31.5 Cr, YoY Rs. 30.7 Cr
Quarter EPS is Rs. 28.6
Share is trading at P/E of 11.2x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 405.1 Cr (5.3% QoQ, 47.5% YoY) vs QoQ Rs. 384.8 Cr, YoY Rs. 274.6 Cr
EBIDTA came at Rs. 98 Cr (41.9% QoQ, 82.4% YoY) vs QoQ Rs. 69.1 Cr, YoY Rs. 53.8 Cr
EBITDA Margin came at 24.2% vs QoQ 18%, YoY 19.6%
Adj. PAT came at Rs. 70 Cr vs QoQ Rs. 31.5 Cr, YoY Rs. 30.7 Cr
Quarter EPS is Rs. 28.6
Share is trading at P/E of 11.2x TTM EPS
*SANGHI INDUSTRIES LTD.* | *CMP* Rs. 76 | *M Cap* Rs. 1919 Cr | *52 W H/L* 80/23
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 281.9 Cr (-14.1% QoQ, 89.5% YoY) vs QoQ Rs. 328.1 Cr, YoY Rs. 148.7 Cr
EBIDTA came at Rs. 66.1 Cr (-30% QoQ, 77.6% YoY) vs QoQ Rs. 94.4 Cr, YoY Rs. 37.2 Cr
EBITDA Margin came at 23.4% vs QoQ 28.8%, YoY 25%
Adj. PAT came at Rs. 22.3 Cr vs QoQ Rs. 26 Cr, YoY Rs. 6 Cr
Quarter EPS is Rs. 0.9
Share is trading at P/E of 27.3x FY22E EPS
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 281.9 Cr (-14.1% QoQ, 89.5% YoY) vs QoQ Rs. 328.1 Cr, YoY Rs. 148.7 Cr
EBIDTA came at Rs. 66.1 Cr (-30% QoQ, 77.6% YoY) vs QoQ Rs. 94.4 Cr, YoY Rs. 37.2 Cr
EBITDA Margin came at 23.4% vs QoQ 28.8%, YoY 25%
Adj. PAT came at Rs. 22.3 Cr vs QoQ Rs. 26 Cr, YoY Rs. 6 Cr
Quarter EPS is Rs. 0.9
Share is trading at P/E of 27.3x FY22E EPS
*Expleo Solutions Ltd.* | *CMP* Rs. 1062 | *M Cap* Rs. 1089 Cr | *52 W H/L* 1384/280
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 88 Cr (11% QoQ, 16.1% YoY) vs QoQ Rs. 79.3 Cr, YoY Rs. 75.8 Cr
EBIDTA came at Rs. 14.6 Cr (-23.7% QoQ, -24.7% YoY) vs QoQ Rs. 19.1 Cr, YoY Rs. 19.4 Cr
EBITDA Margin came at 16.6% vs QoQ 24.1%, YoY 25.5%
Adj. PAT came at Rs. 12.8 Cr vs QoQ Rs. 11 Cr, YoY Rs. 14.3 Cr
Quarter EPS is Rs. 12.5
Share is trading at P/E of 22.2x TTM EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 88 Cr (11% QoQ, 16.1% YoY) vs QoQ Rs. 79.3 Cr, YoY Rs. 75.8 Cr
EBIDTA came at Rs. 14.6 Cr (-23.7% QoQ, -24.7% YoY) vs QoQ Rs. 19.1 Cr, YoY Rs. 19.4 Cr
EBITDA Margin came at 16.6% vs QoQ 24.1%, YoY 25.5%
Adj. PAT came at Rs. 12.8 Cr vs QoQ Rs. 11 Cr, YoY Rs. 14.3 Cr
Quarter EPS is Rs. 12.5
Share is trading at P/E of 22.2x TTM EPS
*ASHAPURA MINECHEM LTD.* | *CMP* Rs. 146 | *M Cap* Rs. 1270 Cr | *52 W H/L* 177/36
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 451.8 Cr (41.3% QoQ, 57.7% YoY) vs QoQ Rs. 319.7 Cr, YoY Rs. 286.5 Cr
EBIDTA came at Rs. 70.7 Cr (48.9% QoQ, 158.3% YoY) vs QoQ Rs. 47.4 Cr, YoY Rs. 27.4 Cr
EBITDA Margin came at 15.6% vs QoQ 14.8%, YoY 9.5%
Adj. PAT came at Rs. 60.4 Cr vs QoQ Rs. 33.8 Cr, YoY Rs. 17.1 Cr
Quarter EPS is Rs. 6.9
Share is trading at P/E of 11.4x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 451.8 Cr (41.3% QoQ, 57.7% YoY) vs QoQ Rs. 319.7 Cr, YoY Rs. 286.5 Cr
EBIDTA came at Rs. 70.7 Cr (48.9% QoQ, 158.3% YoY) vs QoQ Rs. 47.4 Cr, YoY Rs. 27.4 Cr
EBITDA Margin came at 15.6% vs QoQ 14.8%, YoY 9.5%
Adj. PAT came at Rs. 60.4 Cr vs QoQ Rs. 33.8 Cr, YoY Rs. 17.1 Cr
Quarter EPS is Rs. 6.9
Share is trading at P/E of 11.4x TTM EPS
*Federal-Mogul Goetze (India) Ltd.* | *CMP* Rs. 290 | *M Cap* Rs. 1612 Cr | *52 W H/L* 470/248
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 318.5 Cr (-15.4% QoQ, 226.2% YoY) vs QoQ Rs. 376.3 Cr, YoY Rs. 97.6 Cr
EBIDTA came at Rs. 36.3 Cr (-42.8% QoQ, -187.6% YoY) vs QoQ Rs. 63.4 Cr, YoY Rs. -41.4 Cr
EBITDA Margin came at 11.4% vs QoQ 16.9%, YoY -42.4%
Adj. PAT came at Rs. 10.8 Cr vs QoQ Rs. 37 Cr, YoY Rs. -39.6 Cr
Quarter EPS is Rs. 1.9
Share is trading at P/E of 17.2x TTM EPS
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 318.5 Cr (-15.4% QoQ, 226.2% YoY) vs QoQ Rs. 376.3 Cr, YoY Rs. 97.6 Cr
EBIDTA came at Rs. 36.3 Cr (-42.8% QoQ, -187.6% YoY) vs QoQ Rs. 63.4 Cr, YoY Rs. -41.4 Cr
EBITDA Margin came at 11.4% vs QoQ 16.9%, YoY -42.4%
Adj. PAT came at Rs. 10.8 Cr vs QoQ Rs. 37 Cr, YoY Rs. -39.6 Cr
Quarter EPS is Rs. 1.9
Share is trading at P/E of 17.2x TTM EPS
*Skipper Ltd.* | *CMP* Rs. 85 | *M Cap* Rs. 877 Cr | *52 W H/L* 98/38
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 274.6 Cr (-44.8% QoQ, 24.4% YoY) vs QoQ Rs. 497.4 Cr, YoY Rs. 220.7 Cr
EBIDTA came at Rs. 16.7 Cr (-61% QoQ, 84.7% YoY) vs QoQ Rs. 42.8 Cr, YoY Rs. 9 Cr
EBITDA Margin came at 6.1% vs QoQ 8.6%, YoY 4.1%
Adj. PAT came at Rs. -10 Cr vs QoQ Rs. 9 Cr, YoY Rs. -11.6 Cr
Quarter EPS is Rs. -1
Share is trading at P/E of 37.8x TTM EPS
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 274.6 Cr (-44.8% QoQ, 24.4% YoY) vs QoQ Rs. 497.4 Cr, YoY Rs. 220.7 Cr
EBIDTA came at Rs. 16.7 Cr (-61% QoQ, 84.7% YoY) vs QoQ Rs. 42.8 Cr, YoY Rs. 9 Cr
EBITDA Margin came at 6.1% vs QoQ 8.6%, YoY 4.1%
Adj. PAT came at Rs. -10 Cr vs QoQ Rs. 9 Cr, YoY Rs. -11.6 Cr
Quarter EPS is Rs. -1
Share is trading at P/E of 37.8x TTM EPS
*EVEREST KANTO CYLINDER LTD.* | *CMP* Rs. 96 | *M Cap* Rs. 1077 Cr | *52 W H/L* 162/21
(Nirmal Bang Retail Research)
*Result Good*
Revenue from Operations came at Rs. 335 Cr (17.8% QoQ, 95% YoY) vs QoQ Rs. 284.3 Cr, YoY Rs. 171.8 Cr
EBIDTA came at Rs. 88.4 Cr (115.8% QoQ, 182.2% YoY) vs QoQ Rs. 40.9 Cr, YoY Rs. 31.3 Cr
EBITDA Margin came at 26.4% vs QoQ 14.4%, YoY 18.2%
Adj. PAT came at Rs. 86 Cr vs QoQ Rs. 10.9 Cr, YoY Rs. 6.2 Cr
Quarter EPS is Rs. 7.7
Share is trading at P/E of 8.1x TTM EPS
(Nirmal Bang Retail Research)
*Result Good*
Revenue from Operations came at Rs. 335 Cr (17.8% QoQ, 95% YoY) vs QoQ Rs. 284.3 Cr, YoY Rs. 171.8 Cr
EBIDTA came at Rs. 88.4 Cr (115.8% QoQ, 182.2% YoY) vs QoQ Rs. 40.9 Cr, YoY Rs. 31.3 Cr
EBITDA Margin came at 26.4% vs QoQ 14.4%, YoY 18.2%
Adj. PAT came at Rs. 86 Cr vs QoQ Rs. 10.9 Cr, YoY Rs. 6.2 Cr
Quarter EPS is Rs. 7.7
Share is trading at P/E of 8.1x TTM EPS
*Dish TV India Ltd.* | *CMP* Rs. 14 | *M Cap* Rs. 2532 Cr | *52 W H/L* 18/7
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 731 Cr (-2.8% QoQ, -12.5% YoY) vs QoQ Rs. 751.8 Cr, YoY Rs. 835.6 Cr
EBIDTA came at Rs. 438.8 Cr (3% QoQ, -20.4% YoY) vs QoQ Rs. 426 Cr, YoY Rs. 551.4 Cr
EBITDA Margin came at 60% vs QoQ 56.7%, YoY 66%
Adj. PAT came at Rs. 50.2 Cr vs QoQ Rs. -628.8 Cr, YoY Rs. 75.9 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of 25x FY22E EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 731 Cr (-2.8% QoQ, -12.5% YoY) vs QoQ Rs. 751.8 Cr, YoY Rs. 835.6 Cr
EBIDTA came at Rs. 438.8 Cr (3% QoQ, -20.4% YoY) vs QoQ Rs. 426 Cr, YoY Rs. 551.4 Cr
EBITDA Margin came at 60% vs QoQ 56.7%, YoY 66%
Adj. PAT came at Rs. 50.2 Cr vs QoQ Rs. -628.8 Cr, YoY Rs. 75.9 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of 25x FY22E EPS
*Trident Ltd.* | *CMP* Rs. 20 | *M Cap* Rs. 10192 Cr | *52 W H/L* 22/6
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1482.3 Cr (10.2% QoQ, 109.2% YoY) vs QoQ Rs. 1345 Cr, YoY Rs. 708.5 Cr
EBIDTA came at Rs. 390.4 Cr (70.7% QoQ, 230.8% YoY) vs QoQ Rs. 228.8 Cr, YoY Rs. 118 Cr
EBITDA Margin came at 26.3% vs QoQ 17%, YoY 16.7%
Adj. PAT came at Rs. 206.8 Cr vs QoQ Rs. 106.9 Cr, YoY Rs. 10.1 Cr
Quarter EPS is Rs. 0.4
Share is trading at P/E of 22.2x FY22E EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1482.3 Cr (10.2% QoQ, 109.2% YoY) vs QoQ Rs. 1345 Cr, YoY Rs. 708.5 Cr
EBIDTA came at Rs. 390.4 Cr (70.7% QoQ, 230.8% YoY) vs QoQ Rs. 228.8 Cr, YoY Rs. 118 Cr
EBITDA Margin came at 26.3% vs QoQ 17%, YoY 16.7%
Adj. PAT came at Rs. 206.8 Cr vs QoQ Rs. 106.9 Cr, YoY Rs. 10.1 Cr
Quarter EPS is Rs. 0.4
Share is trading at P/E of 22.2x FY22E EPS
*Clariant Chemicals (India) Ltd.* | *CMP* Rs. 601 | *M Cap* Rs. 1387 Cr | *52 W H/L* 632/288
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 212.8 Cr (-2.8% QoQ, 64.9% YoY) vs QoQ Rs. 218.8 Cr, YoY Rs. 129 Cr
EBIDTA came at Rs. 18.1 Cr (-32.5% QoQ, 68% YoY) vs QoQ Rs. 26.8 Cr, YoY Rs. 10.8 Cr
EBITDA Margin came at 8.5% vs QoQ 12.3%, YoY 8.4%
Adj. PAT came at Rs. 14.3 Cr vs QoQ Rs. 11 Cr, YoY Rs. 2.7 Cr
Quarter EPS is Rs. 6.2
Share is trading at P/E of -56.6x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 212.8 Cr (-2.8% QoQ, 64.9% YoY) vs QoQ Rs. 218.8 Cr, YoY Rs. 129 Cr
EBIDTA came at Rs. 18.1 Cr (-32.5% QoQ, 68% YoY) vs QoQ Rs. 26.8 Cr, YoY Rs. 10.8 Cr
EBITDA Margin came at 8.5% vs QoQ 12.3%, YoY 8.4%
Adj. PAT came at Rs. 14.3 Cr vs QoQ Rs. 11 Cr, YoY Rs. 2.7 Cr
Quarter EPS is Rs. 6.2
Share is trading at P/E of -56.6x TTM EPS
*Gujarat Narmada Valley Fertilizers & Chemicals Ltd.* | *CMP* Rs. 356 | *M Cap* Rs. 5533 Cr | *52 W H/L* 425/163
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 1394.3 Cr (-19.5% QoQ, 99.1% YoY) vs QoQ Rs. 1733 Cr, YoY Rs. 700.2 Cr
EBIDTA came at Rs. 393.1 Cr (-16.4% QoQ, -1721% YoY) vs QoQ Rs. 470.4 Cr, YoY Rs. -24.3 Cr
EBITDA Margin came at 28.2% vs QoQ 27.1%, YoY -3.5%
Adj. PAT came at Rs. 241.8 Cr vs QoQ Rs. 310.5 Cr, YoY Rs. 3 Cr
Quarter EPS is Rs. 15.6
Share is trading at P/E of 5.9x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 1394.3 Cr (-19.5% QoQ, 99.1% YoY) vs QoQ Rs. 1733 Cr, YoY Rs. 700.2 Cr
EBIDTA came at Rs. 393.1 Cr (-16.4% QoQ, -1721% YoY) vs QoQ Rs. 470.4 Cr, YoY Rs. -24.3 Cr
EBITDA Margin came at 28.2% vs QoQ 27.1%, YoY -3.5%
Adj. PAT came at Rs. 241.8 Cr vs QoQ Rs. 310.5 Cr, YoY Rs. 3 Cr
Quarter EPS is Rs. 15.6
Share is trading at P/E of 5.9x TTM EPS
*Redington (India) Ltd.* | *CMP* Rs. 330 | *M Cap* Rs. 12846 Cr | *52 W H/L* 354/86
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 13454.1 Cr (-13.2% QoQ, 25.8% YoY) vs expectation of Rs. 12720.4 Cr, QoQ Rs. 15503.9 Cr, YoY Rs. 10697.1 Cr
EBIDTA came at Rs. 344.3 Cr (-19% QoQ, 67.7% YoY) vs expectation of Rs. 291.2 Cr, QoQ Rs. 425.1 Cr, YoY Rs. 205.3 Cr
EBITDA Margin came at 2.6% vs expectation of 2.3%, QoQ 2.7%, YoY 1.9%
Adj. PAT came at Rs. 236.7 Cr vs expectation of Rs. 177.6 Cr, QoQ Rs. 302.5 Cr, YoY Rs. 88.8 Cr
Quarter EPS is Rs. 6.1
Share is trading at P/E of 13.4x FY22E EPS
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 13454.1 Cr (-13.2% QoQ, 25.8% YoY) vs expectation of Rs. 12720.4 Cr, QoQ Rs. 15503.9 Cr, YoY Rs. 10697.1 Cr
EBIDTA came at Rs. 344.3 Cr (-19% QoQ, 67.7% YoY) vs expectation of Rs. 291.2 Cr, QoQ Rs. 425.1 Cr, YoY Rs. 205.3 Cr
EBITDA Margin came at 2.6% vs expectation of 2.3%, QoQ 2.7%, YoY 1.9%
Adj. PAT came at Rs. 236.7 Cr vs expectation of Rs. 177.6 Cr, QoQ Rs. 302.5 Cr, YoY Rs. 88.8 Cr
Quarter EPS is Rs. 6.1
Share is trading at P/E of 13.4x FY22E EPS
*MSTC Ltd.* | *CMP* Rs. 267 | *M Cap* Rs. 1880 Cr | *52 W H/L* 400/138
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from E-commerce segment came at Rs. 59 Cr, QoQ Rs. 84 Cr, YoY Rs. 22 Cr. Compared to Q1FY20 qtr (2 years ago) which was at Rs. 50 Cr, the revenue in Q1FY22 has grown at a CAGR of 8%.
PBT from E-commerce segment came at Rs. 59 Cr against Rs. 50 Cr during Q1FY20 (2 years back), again translating to CAGR of 8%.
Other segments are insignificant to track as they would be discontinued and so combined financials given below can be ignored.
Total Revenue from Operations came at Rs. 263.7 Cr (-15.3% QoQ, 159% YoY) vs QoQ Rs. 311.2 Cr, YoY Rs. 101.8 Cr
EBIDTA came at Rs. 55.2 Cr (-140.9% QoQ, 810.8% YoY) vs QoQ Rs. -135 Cr, YoY Rs. 6.1 Cr
EBITDA Margin came at 20.9% vs QoQ -43.4%, YoY 6%
Adj. PAT came at Rs. 33.6 Cr vs QoQ Rs. 75.8 Cr, YoY Rs. -2.8 Cr
Quarter EPS is Rs. 4.8
Share is trading at P/E of 12.6x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from E-commerce segment came at Rs. 59 Cr, QoQ Rs. 84 Cr, YoY Rs. 22 Cr. Compared to Q1FY20 qtr (2 years ago) which was at Rs. 50 Cr, the revenue in Q1FY22 has grown at a CAGR of 8%.
PBT from E-commerce segment came at Rs. 59 Cr against Rs. 50 Cr during Q1FY20 (2 years back), again translating to CAGR of 8%.
Other segments are insignificant to track as they would be discontinued and so combined financials given below can be ignored.
Total Revenue from Operations came at Rs. 263.7 Cr (-15.3% QoQ, 159% YoY) vs QoQ Rs. 311.2 Cr, YoY Rs. 101.8 Cr
EBIDTA came at Rs. 55.2 Cr (-140.9% QoQ, 810.8% YoY) vs QoQ Rs. -135 Cr, YoY Rs. 6.1 Cr
EBITDA Margin came at 20.9% vs QoQ -43.4%, YoY 6%
Adj. PAT came at Rs. 33.6 Cr vs QoQ Rs. 75.8 Cr, YoY Rs. -2.8 Cr
Quarter EPS is Rs. 4.8
Share is trading at P/E of 12.6x TTM EPS
╭──────────────╮
🌄 *S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴*
*13 Aug (Friday)*🙏🏻
India's 1st Whatsapp News Service, since 2013
╰───────────────╯
TODAYs TOP NEWS
➣➣➣➣➣➣➣➣➣➣➣
1. More than 52 crore 36 lakh COVID-19 vaccine doses administered so far under Nationwide Vaccination Drive. The recovery rate from COVID 19 in the country currently stands at 97.45%.
2. India achieves 100 GW Mile Stone of Installed Renewable Energy Capacity. The total installed renewable energy capacity in India, excluding large hydro, has crossed the mile-stone of 100 GW. India stands at 4th position in the world in terms of installed RE capacity, 5th in solar and 4th in wind in terms of installed capacity.
3. *The Indian Space Research Organisation(ISRO) mission Geo Imaging Satellite (Gisat-1) failed* early on 12 Aug (Thursday). The GISAT-1 is officially named EOS-03 (earth observation satellite 03).
4. 🚀(GSLV-F10) took off at 5.43am on 12 Aug as scheduled and the core stage burn out happened as planned, propelling the rocket in its intended path. Second stage ignition happened as planned two minutes into the launch and but after nearly four minutes after take off, as planned, after the second stage shut off. The cryogenic stage did not ignite, rendering the mission a failure.
5. *Announcement of Prime Minister's Shram Awards for the year 2018* . These awards are to be awarded to 69 workers employed in the Departmental Undertakings & Public Sector Undertakings of the Central and State Governments and Private Sector Units employing 500 or more workers in recognition of their distinguished performance, innovative abilities, outstanding contribution in the field of productivity and exhibition of exceptional courage and presence of mind.
6. *Centre notifies ban on single-use plastic items from July 1, 2022,* increases thickness of polythene bags 50 to 120 microns. polythene bags of less than 75 microns in thickness will be banned from September 30 and bags of less than 120 microns will be banned from December 31 next year.
.
7. *Govt homes for serving officials, not retirees:* Government accommodation is meant for serving officials and not retirees the Supreme Court has said while setting aside an order of the Punjab and Haryana High Court allowing a retired public servant to retain such premises.
8. Single-use plastic items include, ear bud plastic sticks, candy sticks, thermocol plates decoration items, cigarette box covers, PVC banners less than 100 microns
9. *Himachal Pradesh: Death toll in Kinnaur landslide rises to 15* ; state govt announces financial relief for victims. CM Jai Ram Thakur visited Nigulsari in Kinnaur district to oversee the relief and rescue work of people trapped in the landslide. He said that the rescue operation will be carried out till the 16 other missing people are traced.
10. An ex gratia amount of 5 lakh to the kin of each deceased person and Rs 50 thousand to those who are injured in this tragic incident, free treatment would also be provided to the injured by the State Govt.
11. Bihar, flood situation continued to be grim in 12 riverine districts including Patna, Buxar, Bhojpur and Munger.
12. Karnataka CM Basavaraj S Bommai on 12 Aug (Thursday) asked officials in border districts to to be extra cautious to check COVID-19 pandemic.
13. In Karnataka CM Bommai has instructed all state departments concerned to hold paediatric camps across Karnataka amid worries over children being at a larger risk in the upcoming third wave of Covid-19.
14. *Decades after anti-Sikh riots, UP cops examine crime scene again* Crucial evidence , including blood samples, has been lifted this week from a locked house in Kanpur’s Govind Nagar, attacked by a mob during the anti-Sikh riots that followed the assassination of then prime minister Indira Gandhi. The witness narrated the horrific episode and disclosed the identities of those allegedly involved in the murders.
🌄 *S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴*
*13 Aug (Friday)*🙏🏻
India's 1st Whatsapp News Service, since 2013
╰───────────────╯
TODAYs TOP NEWS
➣➣➣➣➣➣➣➣➣➣➣
1. More than 52 crore 36 lakh COVID-19 vaccine doses administered so far under Nationwide Vaccination Drive. The recovery rate from COVID 19 in the country currently stands at 97.45%.
2. India achieves 100 GW Mile Stone of Installed Renewable Energy Capacity. The total installed renewable energy capacity in India, excluding large hydro, has crossed the mile-stone of 100 GW. India stands at 4th position in the world in terms of installed RE capacity, 5th in solar and 4th in wind in terms of installed capacity.
3. *The Indian Space Research Organisation(ISRO) mission Geo Imaging Satellite (Gisat-1) failed* early on 12 Aug (Thursday). The GISAT-1 is officially named EOS-03 (earth observation satellite 03).
4. 🚀(GSLV-F10) took off at 5.43am on 12 Aug as scheduled and the core stage burn out happened as planned, propelling the rocket in its intended path. Second stage ignition happened as planned two minutes into the launch and but after nearly four minutes after take off, as planned, after the second stage shut off. The cryogenic stage did not ignite, rendering the mission a failure.
5. *Announcement of Prime Minister's Shram Awards for the year 2018* . These awards are to be awarded to 69 workers employed in the Departmental Undertakings & Public Sector Undertakings of the Central and State Governments and Private Sector Units employing 500 or more workers in recognition of their distinguished performance, innovative abilities, outstanding contribution in the field of productivity and exhibition of exceptional courage and presence of mind.
6. *Centre notifies ban on single-use plastic items from July 1, 2022,* increases thickness of polythene bags 50 to 120 microns. polythene bags of less than 75 microns in thickness will be banned from September 30 and bags of less than 120 microns will be banned from December 31 next year.
.
7. *Govt homes for serving officials, not retirees:* Government accommodation is meant for serving officials and not retirees the Supreme Court has said while setting aside an order of the Punjab and Haryana High Court allowing a retired public servant to retain such premises.
8. Single-use plastic items include, ear bud plastic sticks, candy sticks, thermocol plates decoration items, cigarette box covers, PVC banners less than 100 microns
9. *Himachal Pradesh: Death toll in Kinnaur landslide rises to 15* ; state govt announces financial relief for victims. CM Jai Ram Thakur visited Nigulsari in Kinnaur district to oversee the relief and rescue work of people trapped in the landslide. He said that the rescue operation will be carried out till the 16 other missing people are traced.
10. An ex gratia amount of 5 lakh to the kin of each deceased person and Rs 50 thousand to those who are injured in this tragic incident, free treatment would also be provided to the injured by the State Govt.
11. Bihar, flood situation continued to be grim in 12 riverine districts including Patna, Buxar, Bhojpur and Munger.
12. Karnataka CM Basavaraj S Bommai on 12 Aug (Thursday) asked officials in border districts to to be extra cautious to check COVID-19 pandemic.
13. In Karnataka CM Bommai has instructed all state departments concerned to hold paediatric camps across Karnataka amid worries over children being at a larger risk in the upcoming third wave of Covid-19.
14. *Decades after anti-Sikh riots, UP cops examine crime scene again* Crucial evidence , including blood samples, has been lifted this week from a locked house in Kanpur’s Govind Nagar, attacked by a mob during the anti-Sikh riots that followed the assassination of then prime minister Indira Gandhi. The witness narrated the horrific episode and disclosed the identities of those allegedly involved in the murders.
15. Indore, the country''s cleanest city, has now been declared as the first ''water plus'' city of India under the Swachh Survekshan 2021, Madhya Pradesh CM Shivraj Singh Chouhan said .
16. Bollywood actor Late Sridevi birthday today (born Shree Amma Yanger Ayyapan; 13 August 1963 – 24 February 2018) was an Indian actress and film producer, who worked in Telugu, Tamil, Hindi, Malayalam, and Kannada language films.
17. The Indian Army has planned to construct a tunnel similar to the Atal Tunnel under the Brahmaputra river in Assam for unhindered movement of its vehicles, informed Assam CM Himanta Biswa Sarma. The proposed tunnel would be located upstream of the Brahmaputra river from Misa to Tezpur. Its length is expected to be 12-15 kilometres in length.
18. Lashkar-e-Taiba terrorists ambushed a BSF convoy on Jammu-Srinagar NH in Mir Bazar area of South Kashmir's Kulgam district on 12 Aug (Thursday) afternoon, leading to an encounter in which two CRPF personnel and as many civilians were injured.
××××××××××××××××××××××
✈ INTERNATIONAL NEWS
××××××××××××××××××××××
1. Indian Mission in Kabul had facilitated the return of more than 383 members of the Hindu and Sikh community in Afghanistan to India.
2. *Sri Lanka is planning to deepen its ties with India* in various sectors including defence, connectivity, trade and people to people. On Thursday (August 12, 2021) the Sri Lanka High Commission in New Delhi released a 27 page “Integrated Country Strategy ” that highlighted the complementarities between India and Sri Lanka.
3. *India participated in a meeting of key countries hosted by Qatar* on 12 Aug (Thursday) to discuss the situation in Afghanistan against the backdrop of the Taliban’s massive offensive.
4. India on 12 Aug joined a regional conclave hosted by Qatar to discuss ways to contain the escalating situation in Afghanistan in the backdrop of the Taliban's continued offensive across the country.
5. Civil Aviation ministry increases cap on India-UK flights to 60 services per week from Aug 16 onwards.
×××××××××××××××××××××
🌎 WORLD NEWS 🌍
=====================
1. Pakistan says, it
Successfully testified Surface-to,-Surface ballistic missile
2. Children in the Republic of Ireland aged between 12 and 15 can now register to get the Covid-19 vaccine.
3. The 'Crimson Polaris,' Ship splits into two, spills oil off coast of Japan; it was carrying wood chips when it ran aground on Wednesday morning in Hachinohe harbour. But there were no injuries among the 21 crew and the oil leak was being controlled.
4. *China rejected criticism from Canada over separate court proceedings involving two detained Canadians.* : Chinese foreign ministry said that remarks by Canada over the cases this week of Robert Lloyd Schellenberg, whose appeal against the death penalty in China for drug smuggling was rejected, and Michael Spavor, who was jailed for 11 years on charges of espionage, were an infringement of China’s sovereignty.
5. The United States & Britain said they would send thousands of troops to Afghanistan to help evacuate civilians, as the Taliban stood poised for their two biggest military victories since they began a broad offensive in May.
6. *Why are Taliban Attacking Afghanistan?*
The Taliban, which has vowed to stop Afghanistan from becoming “a base for terrorists” who could threaten the West, intensified its fight in the county in May, after NATO began a final withdrawal of its mission in Afghanistan involving 9,600 soldiers.
The Taliban have captured more than a quarter of Afghanistan’s 34 provincial capitals in less than a week. Tens and thousands of people have been killed and millions displaced as a result of the ongoing crisis in Afghanistan. The biggest blow to the country came on July 22 when the Taliban declared that they now control 90 percent of Afghanistan’s borders.
While US President Joe Biden has expressed confidence that militants will not topple the government in Kabul.
16. Bollywood actor Late Sridevi birthday today (born Shree Amma Yanger Ayyapan; 13 August 1963 – 24 February 2018) was an Indian actress and film producer, who worked in Telugu, Tamil, Hindi, Malayalam, and Kannada language films.
17. The Indian Army has planned to construct a tunnel similar to the Atal Tunnel under the Brahmaputra river in Assam for unhindered movement of its vehicles, informed Assam CM Himanta Biswa Sarma. The proposed tunnel would be located upstream of the Brahmaputra river from Misa to Tezpur. Its length is expected to be 12-15 kilometres in length.
18. Lashkar-e-Taiba terrorists ambushed a BSF convoy on Jammu-Srinagar NH in Mir Bazar area of South Kashmir's Kulgam district on 12 Aug (Thursday) afternoon, leading to an encounter in which two CRPF personnel and as many civilians were injured.
××××××××××××××××××××××
✈ INTERNATIONAL NEWS
××××××××××××××××××××××
1. Indian Mission in Kabul had facilitated the return of more than 383 members of the Hindu and Sikh community in Afghanistan to India.
2. *Sri Lanka is planning to deepen its ties with India* in various sectors including defence, connectivity, trade and people to people. On Thursday (August 12, 2021) the Sri Lanka High Commission in New Delhi released a 27 page “Integrated Country Strategy ” that highlighted the complementarities between India and Sri Lanka.
3. *India participated in a meeting of key countries hosted by Qatar* on 12 Aug (Thursday) to discuss the situation in Afghanistan against the backdrop of the Taliban’s massive offensive.
4. India on 12 Aug joined a regional conclave hosted by Qatar to discuss ways to contain the escalating situation in Afghanistan in the backdrop of the Taliban's continued offensive across the country.
5. Civil Aviation ministry increases cap on India-UK flights to 60 services per week from Aug 16 onwards.
×××××××××××××××××××××
🌎 WORLD NEWS 🌍
=====================
1. Pakistan says, it
Successfully testified Surface-to,-Surface ballistic missile
2. Children in the Republic of Ireland aged between 12 and 15 can now register to get the Covid-19 vaccine.
3. The 'Crimson Polaris,' Ship splits into two, spills oil off coast of Japan; it was carrying wood chips when it ran aground on Wednesday morning in Hachinohe harbour. But there were no injuries among the 21 crew and the oil leak was being controlled.
4. *China rejected criticism from Canada over separate court proceedings involving two detained Canadians.* : Chinese foreign ministry said that remarks by Canada over the cases this week of Robert Lloyd Schellenberg, whose appeal against the death penalty in China for drug smuggling was rejected, and Michael Spavor, who was jailed for 11 years on charges of espionage, were an infringement of China’s sovereignty.
5. The United States & Britain said they would send thousands of troops to Afghanistan to help evacuate civilians, as the Taliban stood poised for their two biggest military victories since they began a broad offensive in May.
6. *Why are Taliban Attacking Afghanistan?*
The Taliban, which has vowed to stop Afghanistan from becoming “a base for terrorists” who could threaten the West, intensified its fight in the county in May, after NATO began a final withdrawal of its mission in Afghanistan involving 9,600 soldiers.
The Taliban have captured more than a quarter of Afghanistan’s 34 provincial capitals in less than a week. Tens and thousands of people have been killed and millions displaced as a result of the ongoing crisis in Afghanistan. The biggest blow to the country came on July 22 when the Taliban declared that they now control 90 percent of Afghanistan’s borders.
While US President Joe Biden has expressed confidence that militants will not topple the government in Kabul.