*Prism Johnson Ltd.* | *CMP* Rs. 73 | *M Cap* Rs. 3695 Cr | *52 W H/L* 86/26
(Nirmal Bang Retail Research)
*Result better than expectation*
Revenue from Operations came at Rs. 1350.8 Cr (56.9% QoQ, -4.5% YoY) vs expectation of Rs. 1202.4 Cr, QoQ Rs. 860.7 Cr, YoY Rs. 1414.3 Cr
EBIDTA came at Rs. 171.7 Cr (671.4% QoQ, 99.6% YoY) vs expectation of Rs. 125.9 Cr, QoQ Rs. 22.3 Cr, YoY Rs. 86 Cr
EBITDA Margin came at 12.7% vs expectation of 10.5%, QoQ 2.6%, YoY 6.1%
Adj. PAT came at Rs. 26.4 Cr vs expectation of Rs. 9.4 Cr, QoQ Rs. -80.2 Cr, YoY Rs. -23.4 Cr
Quarter EPS is Rs. 0.5
Share is trading at P/E of 18.8x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Prism Johnson Ltd.* | *CMP* Rs. 73 | *M Cap* Rs. 3695 Cr | *52 W H/L* 86/26
(Nirmal Bang Retail Research)
*Result better than expectation*
Revenue from Operations came at Rs. 1350.8 Cr (56.9% QoQ, -4.5% YoY) vs expectation of Rs. 1202.4 Cr, QoQ Rs. 860.7 Cr, YoY Rs. 1414.3 Cr
EBIDTA came at Rs. 171.7 Cr (671.4% QoQ, 99.6% YoY) vs expectation of Rs. 125.9 Cr, QoQ Rs. 22.3 Cr, YoY Rs. 86 Cr
EBITDA Margin came at 12.7% vs expectation of 10.5%, QoQ 2.6%, YoY 6.1%
Adj. PAT came at Rs. 26.4 Cr vs expectation of Rs. 9.4 Cr, QoQ Rs. -80.2 Cr, YoY Rs. -23.4 Cr
Quarter EPS is Rs. 0.5
Share is trading at P/E of 18.8x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Ramco Industries Ltd.* | *CMP* Rs. 191 | *M Cap* Rs. 1656 Cr | *52 W H/L* 214/104
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 205.6 Cr (-25% QoQ, 16.2% YoY) vs QoQ Rs. 274 Cr, YoY Rs. 177 Cr
EBIDTA came at Rs. 31.9 Cr (-41.8% QoQ, 114.2% YoY) vs QoQ Rs. 54.7 Cr, YoY Rs. 14.9 Cr
EBITDA Margin came at 15.5% vs QoQ 20%, YoY 8.4%
Adj. PAT came at Rs. 27.1 Cr vs QoQ Rs. 30 Cr, YoY Rs. 17.5 Cr
Quarter EPS is Rs. 3.1
Share is trading at P/E of 22.3x TTM EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Varun Beverages Ltd.* | *CMP* Rs. 681 | *M Cap* Rs. 19660 Cr | *52 W H/L* 870/482
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 1839.5 Cr (12.2% QoQ, 5.7% YoY) vs expectation of Rs. 1721 Cr, QoQ Rs. 1640.2 Cr, YoY Rs. 1739.7 Cr
EBIDTA came at Rs. 380.8 Cr (0.8% QoQ, 16.9% YoY) vs expectation of Rs. 354.7 Cr, QoQ Rs. 377.7 Cr, YoY Rs. 325.7 Cr
EBITDA Margin came at 20.7% vs expectation of 20.6%, QoQ 23%, YoY 18.7%
Adj. PAT came at Rs. 153 Cr vs expectation of Rs. 116 Cr, QoQ Rs. 140.8 Cr, YoY Rs. 80.7 Cr
Quarter EPS is Rs. 5.3
Share is trading at P/E of 22x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Godrej Properties Ltd.* | *CMP* Rs. 1072 | *M Cap* Rs. 27025 Cr | *52 W H/L* 1189/505
(Nirmal Bang Retail Research)
*Result ok*
Fresh Booking came at Rs.1074cr vs qoq 1531cr yoy 1446cr
Revenue from Operations came at Rs. 89.5 Cr (23.8% QoQ, -65.5% YoY) vs QoQ Rs. 72.3 Cr, YoY Rs. 259.7 Cr
EBIDTA came at Rs. -71.4 Cr (33.3% QoQ, -388.9% YoY) vs QoQ Rs. -53.5 Cr, YoY Rs. 24.7 Cr
EBITDA Margin came at -79.7% vs QoQ -74.1%, YoY 9.5%
Adj. PAT came at Rs. 7.1 Cr vs QoQ Rs. -20.2 Cr, YoY Rs. 30.8 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of 68.4x FY22E EPS


https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Sun Pharmaceutical Industries Ltd.* | *CMP* Rs. 488 | *M Cap* Rs. 117086 Cr | *52 W H/L* 565/312
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 8553.1 Cr (12.8% QoQ, 5.3% YoY) vs expectation of Rs. 8356.9 Cr, QoQ Rs. 7585.3 Cr, YoY Rs. 8123.4 Cr
EBIDTA came at Rs. 2193.3 Cr (24.3% QoQ, 23.1% YoY) vs expectation of Rs. 1857.4 Cr, QoQ Rs. 1764.4 Cr, YoY Rs. 1781.2 Cr
EBITDA Margin came at 25.6% vs expectation of 22.2%, QoQ 23.3%, YoY 21.9%
Adj. PAT came at Rs. 1812.8 Cr vs expectation of Rs. 1175 Cr, QoQ Rs. 1977.7 Cr, YoY Rs. 1064.1 Cr
Quarter EPS is Rs. 7.6
Share is trading at P/E of 20.7x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*JSW Energy Ltd.* | *CMP* Rs. 59 | *M Cap* Rs. 9676 Cr | *52 W H/L* 80/35
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 1938.6 Cr (7.4% QoQ, -8.5% YoY) vs expectation of Rs. 2207.1 Cr, QoQ Rs. 1805.2 Cr, YoY Rs. 2118.6 Cr
EBIDTA came at Rs. 923.8 Cr (23.9% QoQ, -1.2% YoY) vs expectation of Rs. 909.2 Cr, QoQ Rs. 745.5 Cr, YoY Rs. 934.8 Cr
EBITDA Margin came at 47.7% vs expectation of 41.2%, QoQ 41.3%, YoY 44.1%
Adj. PAT came at Rs. 352.1 Cr vs expectation of Rs. 309.5 Cr, QoQ Rs. 213.2 Cr, YoY Rs. 353 Cr
Quarter EPS is Rs. 2.1
Share is trading at P/E of 9.7x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Dabur India Ltd.* | *CMP* Rs. 520 | *M Cap* Rs. 91905 Cr | *52 W H/L* 535/385
(Nirmal Bang Retail Research)
Volumes came at 16.8% vs expectation of 7.1%, QoQ -14.6%, YoY 9.6%
*Result is above expectations*
Revenue from Operations came at Rs. 2516 Cr (27.1% QoQ, 13.7% YoY) vs expectation of Rs. 2321.5 Cr, QoQ Rs. 1980 Cr, YoY Rs. 2212 Cr
EBIDTA came at Rs. 569.4 Cr (36.7% QoQ, 16.3% YoY) vs expectation of Rs. 522.7 Cr, QoQ Rs. 416.6 Cr, YoY Rs. 489.5 Cr
EBITDA Margin came at 22.6% vs expectation of 22.5%, QoQ 21%, YoY 22.1%
Adj. PAT came at Rs. 482.9 Cr vs expectation of Rs. 437.4 Cr, QoQ Rs. 341.8 Cr, YoY Rs. 443 Cr
Quarter EPS is Rs. 2.7
Share is trading at P/E of 48.5x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Neuland Laboratories Ltd.* | *CMP* Rs. 1179 | *M Cap* Rs. 1509 Cr | *52 W H/L* 1312/246
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 241.4 Cr (17.5% QoQ, 29.6% YoY) vs QoQ Rs. 205.4 Cr, YoY Rs. 186.2 Cr
EBIDTA came at Rs. 40.9 Cr (20.7% QoQ, 63.8% YoY) vs QoQ Rs. 33.8 Cr, YoY Rs. 25 Cr
EBITDA Margin came at 16.9% vs QoQ 16.5%, YoY 13.4%
Adj. PAT came at Rs. 21.4 Cr vs QoQ Rs. 15.2 Cr, YoY Rs. 8.7 Cr
Quarter EPS is Rs. 16.8
Share is trading at P/E of 21.6x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Gujarat State Fertilizers & Chemicals Ltd.* | *CMP* Rs. 68 | *M Cap* Rs. 2710 Cr | *52 W H/L* 98/30
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 2110.9 Cr (29% QoQ, -12.3% YoY) vs QoQ Rs. 1636.6 Cr, YoY Rs. 2406.7 Cr
EBIDTA came at Rs. 207.8 Cr (130.4% QoQ, 132.8% YoY) vs QoQ Rs. 90.2 Cr, YoY Rs. 89.3 Cr
EBITDA Margin came at 9.8% vs QoQ 5.5%, YoY 3.7%
Adj. PAT came at Rs. 172.8 Cr vs QoQ Rs. 30.3 Cr, YoY Rs. 62.3 Cr
Quarter EPS is Rs. 4.3
Share is trading at P/E of 9.3x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*IIFL Finance Ltd. - C * | *CMP* Rs. 81 | *M Cap* Rs. 3052 Cr | *52 W H/L* 213/58
(Nirmal Bang Retail Research)
*Result has improved*
NII came at Rs. 709 Cr vs YoY Rs. 502 Cr, QoQ Rs. 556 Cr
PBP came at Rs. 557 Cr vs YoY Rs. 244 Cr, QoQ Rs. 219 Cr
Provision came at Rs. 278 Cr vs YoY Rs. 26 Cr, QoQ Rs. 162 Cr
PAT came at Rs. 213 Cr vs YoY Rs. 86 Cr, QoQ Rs. 32 Cr
AUM came at Rs. 40843 Cr vs YoY Rs. 35007 Cr, QoQ Rs. 38335 Cr
Gross NPA (%) came at 1.81% vs QoQ 1.95%
Net NPA (%) came at 0.77% vs QoQ 0.86%
Quarter EPS is Rs. 5.6
Share is trading at P/BV of 0.6x

# Asset quality details are awaited

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Lincoln Pharmaceuticals Ltd.* | *CMP* Rs. 227 | *M Cap* Rs. 454 Cr | *52 W H/L* 283/85
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 126.1 Cr (21.5% QoQ, 11.9% YoY) vs QoQ Rs. 103.8 Cr, YoY Rs. 112.7 Cr
EBIDTA came at Rs. 29.8 Cr (34.3% QoQ, 20.6% YoY) vs QoQ Rs. 22.2 Cr, YoY Rs. 24.7 Cr
EBITDA Margin came at 23.6% vs QoQ 21.4%, YoY 21.9%
Adj. PAT came at Rs. 20.9 Cr vs QoQ Rs. 15.3 Cr, YoY Rs. 18.9 Cr
Quarter EPS is Rs. 10.5
Share is trading at P/E of 8.1x TTM EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Eris Lifesciences Ltd.* | *CMP* Rs. 530 | *M Cap* Rs. 7288 Cr | *52 W H/L* 595/321
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 330 Cr (12.5% QoQ, 15.9% YoY) vs expectation of Rs. 314 Cr, QoQ Rs. 293.2 Cr, YoY Rs. 284.8 Cr
EBIDTA came at Rs. 124.8 Cr (19.9% QoQ, 13.6% YoY) vs expectation of Rs. 108.8 Cr, QoQ Rs. 104.1 Cr, YoY Rs. 109.8 Cr
EBITDA Margin came at 37.8% vs expectation of 34.7%, QoQ 35.5%, YoY 38.6%
Adj. PAT came at Rs. 107.7 Cr vs expectation of Rs. 93.9 Cr, QoQ Rs. 89 Cr, YoY Rs. 92.7 Cr
Quarter EPS is Rs. 7.8
Share is trading at P/E of 19.4x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Kansai Nerolac Paints Ltd.* | *CMP* Rs. 517 | *M Cap* Rs. 27861 Cr | *52 W H/L* 573/294
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1383.2 Cr (116.5% QoQ, 4.3% YoY) vs QoQ Rs. 638.9 Cr, YoY Rs. 1325.6 Cr
EBIDTA came at Rs. 268.6 Cr (249.6% QoQ, 22.7% YoY) vs QoQ Rs. 76.8 Cr, YoY Rs. 218.9 Cr
EBITDA Margin came at 19.4% vs QoQ 12%, YoY 16.5%
Adj. PAT came at Rs. 168 Cr vs QoQ Rs. 33.5 Cr, YoY Rs. 190.8 Cr
Quarter EPS is Rs. 3.1
Share is trading at P/E of 43.8x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Deepak Fertilisers & Petrochemicals Corporation Ltd.* | *CMP* Rs. 155 | *M Cap* Rs. 1384 Cr | *52 W H/L* 187/55
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 1404.2 Cr (1.6% QoQ, 22% YoY) vs QoQ Rs. 1382.1 Cr, YoY Rs. 1150.7 Cr
EBIDTA came at Rs. 193.2 Cr (-29% QoQ, 65.7% YoY) vs QoQ Rs. 272.2 Cr, YoY Rs. 116.6 Cr
EBITDA Margin came at 13.8% vs QoQ 19.7%, YoY 10.1%
Adj. PAT came at Rs. 80.6 Cr vs QoQ Rs. 120.1 Cr, YoY Rs. 24.9 Cr
Quarter EPS is Rs. 9
Share is trading at P/E of 5.5x TTM EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Orient Refractories Ltd.* | *CMP* Rs. 188 | *M Cap* Rs. 2258 Cr | *52 W H/L* 269/108
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 180.2 Cr (55.6% QoQ, 0% YoY) vs QoQ Rs. 115.8 Cr, YoY Rs. 180.1 Cr
EBIDTA came at Rs. 29.4 Cr (103.2% QoQ, -5.9% YoY) vs QoQ Rs. 14.5 Cr, YoY Rs. 31.2 Cr
EBITDA Margin came at 16.3% vs QoQ 12.5%, YoY 17.3%
Adj. PAT came at Rs. 20.7 Cr vs QoQ Rs. 9.6 Cr, YoY Rs. 26.1 Cr
Quarter EPS is Rs. 1.7
Share is trading at P/E of 27.9x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead