*Hindustan Unilever Ltd.* | *CMP* Rs. 2349 | *M Cap* Rs. 551884 Cr | *52 W H/L* 3023/2136
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 15670 Cr (-0.9% QoQ, 3% YoY) vs expectation of Rs. 15491 Cr, QoQ Rs. 15818 Cr, YoY Rs. 15210 Cr
EBIDTA came at Rs. 3619 Cr (-2.1% QoQ, 2.4% YoY) vs expectation of Rs. 3535.4 Cr, QoQ Rs. 3695 Cr, YoY Rs. 3535 Cr
EBITDA Margin came at 23.1% vs expectation of 22.8%, QoQ 23.4%, YoY 23.2%
Adj. PAT came at Rs. 2602 Cr vs expectation of Rs. 2488.2 Cr, QoQ Rs. 2477 Cr, YoY Rs. 2480 Cr
Quarter EPS is Rs. 11.1
Stock is trading at P/E of 48.7x FY26E EPS
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 15670 Cr (-0.9% QoQ, 3% YoY) vs expectation of Rs. 15491 Cr, QoQ Rs. 15818 Cr, YoY Rs. 15210 Cr
EBIDTA came at Rs. 3619 Cr (-2.1% QoQ, 2.4% YoY) vs expectation of Rs. 3535.4 Cr, QoQ Rs. 3695 Cr, YoY Rs. 3535 Cr
EBITDA Margin came at 23.1% vs expectation of 22.8%, QoQ 23.4%, YoY 23.2%
Adj. PAT came at Rs. 2602 Cr vs expectation of Rs. 2488.2 Cr, QoQ Rs. 2477 Cr, YoY Rs. 2480 Cr
Quarter EPS is Rs. 11.1
Stock is trading at P/E of 48.7x FY26E EPS
1-2 DAYS Technical call Buy PARKHOTELS above 157.5 with SL 153 Target 166(ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang).
1-2 Days Technical Call Book Partial Profits in PARKHOTELS at 161.4-162.5, Target 166, Call initiated at 157.5(ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang).
*Nestle India Ltd.* | *CMP* Rs. 2343 | *M Cap* Rs. 225902 Cr | *52 W H/L* 2778/2110
(Nirmal Bang Retail Research)
*Result is inline with expectations*
Revenue from Operations came at Rs. 5503.9 Cr (15.2% QoQ, 4.5% YoY) vs expectation of Rs. 5511.6 Cr, QoQ Rs. 4779.7 Cr, YoY Rs. 5267.6 Cr
EBIDTA came at Rs. 1389 Cr (26% QoQ, 2.9% YoY) vs expectation of Rs. 1298.6 Cr, QoQ Rs. 1102.7 Cr, YoY Rs. 1350.1 Cr
EBITDA Margin came at 25.2% vs expectation of 23.6%, QoQ 23.1%, YoY 25.6%
Adj. PAT came at Rs. 885.4 Cr vs expectation of Rs. 873.1 Cr, QoQ Rs. 696.1 Cr, YoY Rs. 924.1 Cr
Quarter EPS is Rs. 9.2
Stock is trading at P/E of 63.8x FY26E EPS
(Nirmal Bang Retail Research)
*Result is inline with expectations*
Revenue from Operations came at Rs. 5503.9 Cr (15.2% QoQ, 4.5% YoY) vs expectation of Rs. 5511.6 Cr, QoQ Rs. 4779.7 Cr, YoY Rs. 5267.6 Cr
EBIDTA came at Rs. 1389 Cr (26% QoQ, 2.9% YoY) vs expectation of Rs. 1298.6 Cr, QoQ Rs. 1102.7 Cr, YoY Rs. 1350.1 Cr
EBITDA Margin came at 25.2% vs expectation of 23.6%, QoQ 23.1%, YoY 25.6%
Adj. PAT came at Rs. 885.4 Cr vs expectation of Rs. 873.1 Cr, QoQ Rs. 696.1 Cr, YoY Rs. 924.1 Cr
Quarter EPS is Rs. 9.2
Stock is trading at P/E of 63.8x FY26E EPS
1-2 DAYS ASTRAL 1400CE SL TRIGGER @54 Visit our website for disclosure. (Nirmal Bang).
1-2 DAYS Technical Call PARKHOTELS Target Achieved 166, BUY Call Initiated @ 157.5(ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang).
1-2 DAYS Technical call Buy MEDICO above 59.50 with SL 57Target 65(ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang).
INDUSIND BANK : BANK HALTS ONBOARDING OF NEW MFI CLIENTS: MONEYCONTROL
1-2 DAYS Technical call Buy DEVYANI above 178.70 with SL 173 Target 190(ANALYST SWATI). Visit our website for disclosure (Nirmal Bang).
*Kirloskar Pneumatic Company Ltd.* | *CMP* Rs. 1246 | *M Cap* Rs. 8086 Cr | *52 W H/L* 1818/677
(Nirmal Bang Retail Research)
Order book came at Rs.1624cr vs QoQ Rs.1879cr YoY Rs.1475cr
*Result broadly inline with Expectation*
Revenue from Operations came at Rs. 582.7 Cr (71.4% QoQ, 18.9% YoY) vs expectation of Rs. 612.3 Cr, QoQ Rs. 340 Cr, YoY Rs. 490 Cr
EBIDTA came at Rs. 109.9 Cr (126.3% QoQ, 20.1% YoY) vs expectation of Rs. 106.5 Cr, QoQ Rs. 48.6 Cr, YoY Rs. 91.6 Cr
EBITDA Margin came at 18.9% vs expectation of 17.4%, QoQ 14.3%, YoY 18.7%
Adj. PAT came at Rs. 80.7 Cr vs expectation of Rs. 75.8 Cr, QoQ Rs. 36 Cr, YoY Rs. 68.6 Cr
Quarter EPS is Rs. 12.4
Stock is trading at P/E of 30x FY26 EPS
*Elecon Engineering Company Ltd.* | *CMP* Rs. 542 | *M Cap* Rs. 12162 Cr | *52 W H/L* 739/348
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 797.6 Cr (50.8% QoQ, 41.3% YoY) vs QoQ Rs. 528.9 Cr, YoY Rs. 564.6 Cr
EBIDTA came at Rs. 195.3 Cr (37% QoQ, 44.3% YoY) vs QoQ Rs. 142.6 Cr, YoY Rs. 135.4 Cr
EBITDA Margin came at 24.5% vs QoQ 27%, YoY 24%
Adj. PAT came at Rs. 146.5 Cr vs QoQ Rs. 107.5 Cr, YoY Rs. 103.7 Cr
Quarter EPS is Rs. 6.5
Stock is trading at P/E of 27.8x FY26E EPS
*Supreme Industries Ltd.* | *CMP* Rs. 3517 | *M Cap* Rs. 44675 Cr | *52 W H/L* 6482/3020
(Nirmal Bang Retail Research)
*Result marginally ahead of Expectation*
Revenue from Operations came at Rs. 3027.1 Cr (20.6% QoQ, 0.6% YoY) vs expectation of Rs. 3230.7 Cr, QoQ Rs. 2509.9 Cr, YoY Rs. 3007.9 Cr
EBIDTA came at Rs. 416.3 Cr (34.8% QoQ, -15.2% YoY) vs expectation of Rs. 414.9 Cr, QoQ Rs. 308.8 Cr, YoY Rs. 490.7 Cr
EBITDA Margin came at 13.8% vs expectation of 12.8%, QoQ 12.3%, YoY 16.3%
Adj. PAT came at Rs. 293.9 Cr vs expectation of Rs. 267 Cr, QoQ Rs. 187 Cr, YoY Rs. 354.8 Cr
Quarter EPS is Rs. 23.1
Stock is trading at P/E of 35.5x FY26E EPS
(Nirmal Bang Retail Research)
Order book came at Rs.1624cr vs QoQ Rs.1879cr YoY Rs.1475cr
*Result broadly inline with Expectation*
Revenue from Operations came at Rs. 582.7 Cr (71.4% QoQ, 18.9% YoY) vs expectation of Rs. 612.3 Cr, QoQ Rs. 340 Cr, YoY Rs. 490 Cr
EBIDTA came at Rs. 109.9 Cr (126.3% QoQ, 20.1% YoY) vs expectation of Rs. 106.5 Cr, QoQ Rs. 48.6 Cr, YoY Rs. 91.6 Cr
EBITDA Margin came at 18.9% vs expectation of 17.4%, QoQ 14.3%, YoY 18.7%
Adj. PAT came at Rs. 80.7 Cr vs expectation of Rs. 75.8 Cr, QoQ Rs. 36 Cr, YoY Rs. 68.6 Cr
Quarter EPS is Rs. 12.4
Stock is trading at P/E of 30x FY26 EPS
*Elecon Engineering Company Ltd.* | *CMP* Rs. 542 | *M Cap* Rs. 12162 Cr | *52 W H/L* 739/348
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 797.6 Cr (50.8% QoQ, 41.3% YoY) vs QoQ Rs. 528.9 Cr, YoY Rs. 564.6 Cr
EBIDTA came at Rs. 195.3 Cr (37% QoQ, 44.3% YoY) vs QoQ Rs. 142.6 Cr, YoY Rs. 135.4 Cr
EBITDA Margin came at 24.5% vs QoQ 27%, YoY 24%
Adj. PAT came at Rs. 146.5 Cr vs QoQ Rs. 107.5 Cr, YoY Rs. 103.7 Cr
Quarter EPS is Rs. 6.5
Stock is trading at P/E of 27.8x FY26E EPS
*Supreme Industries Ltd.* | *CMP* Rs. 3517 | *M Cap* Rs. 44675 Cr | *52 W H/L* 6482/3020
(Nirmal Bang Retail Research)
*Result marginally ahead of Expectation*
Revenue from Operations came at Rs. 3027.1 Cr (20.6% QoQ, 0.6% YoY) vs expectation of Rs. 3230.7 Cr, QoQ Rs. 2509.9 Cr, YoY Rs. 3007.9 Cr
EBIDTA came at Rs. 416.3 Cr (34.8% QoQ, -15.2% YoY) vs expectation of Rs. 414.9 Cr, QoQ Rs. 308.8 Cr, YoY Rs. 490.7 Cr
EBITDA Margin came at 13.8% vs expectation of 12.8%, QoQ 12.3%, YoY 16.3%
Adj. PAT came at Rs. 293.9 Cr vs expectation of Rs. 267 Cr, QoQ Rs. 187 Cr, YoY Rs. 354.8 Cr
Quarter EPS is Rs. 23.1
Stock is trading at P/E of 35.5x FY26E EPS
BOOK PROFIT IN CARRIED BUY CALL AT 254.10 - BUY ZINC MAY 252.45-251.85 SL BELOW 250 TG 256
1-2 DAYS Technical Call book partial profit in RAIN @ 151-152 Target 158 BUY call initiated 146.10(ANALYST SWATI). Visit our website for disclosure (Nirmal Bang).
1-2 DAYS Technical Call book partial profit in RAIN @ 151-152 Target 158 BUY call initiated 146.10(ANALYST SWATI). Visit our website for disclosure (Nirmal Bang).
1-2 Days Technical Call Target Achieved in ELECTCAST at 109, Buy Call initiated at 102.8. (ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang).
*Laurus Labs Ltd.* | *CMP* Rs. 648 | *M Cap* Rs. 34944 Cr | *52 W H/L* 661/387
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 1720.3 Cr (21.6% QoQ, 19.5% YoY) vs expectation of Rs. 1636 Cr, QoQ Rs. 1415.1 Cr, YoY Rs. 1439.7 Cr
EBIDTA came at Rs. 420.6 Cr (47.5% QoQ, 74.2% YoY) vs expectation of Rs. 416.1 Cr, QoQ Rs. 285.2 Cr, YoY Rs. 241.5 Cr
EBITDA Margin came at 24.4% vs expectation of 25.4%, QoQ 20.2%, YoY 16.8%
Adj. PAT came at Rs. 233.7 Cr vs expectation of Rs. 201.6 Cr, QoQ Rs. 92.3 Cr, YoY Rs. 75.6 Cr
Quarter EPS is Rs. 4.3
Stock is trading at P/E of 59.6x FY26E EPS
*Adani Energy Solutions Ltd.* | *CMP* Rs. 954 | *M Cap* Rs. 114632 Cr | *52 W H/L* 1348/588
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 6374.6 Cr (9.3% QoQ, 35.4% YoY) vs QoQ Rs. 5830.3 Cr, YoY Rs. 4706.9 Cr
EBIDTA came at Rs. 2040 Cr (22.8% QoQ, 25.8% YoY) vs QoQ Rs. 1660.7 Cr, YoY Rs. 1621.1 Cr
EBITDA Margin came at 32% vs QoQ 28.5%, YoY 34.4%
Adj. PAT came at Rs. 647.2 Cr vs QoQ Rs. 561.8 Cr, YoY Rs. 361.4 Cr
Quarter EPS is Rs. 5.4
Stock is trading at P/E of 43.6x FY26E EPS
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 1720.3 Cr (21.6% QoQ, 19.5% YoY) vs expectation of Rs. 1636 Cr, QoQ Rs. 1415.1 Cr, YoY Rs. 1439.7 Cr
EBIDTA came at Rs. 420.6 Cr (47.5% QoQ, 74.2% YoY) vs expectation of Rs. 416.1 Cr, QoQ Rs. 285.2 Cr, YoY Rs. 241.5 Cr
EBITDA Margin came at 24.4% vs expectation of 25.4%, QoQ 20.2%, YoY 16.8%
Adj. PAT came at Rs. 233.7 Cr vs expectation of Rs. 201.6 Cr, QoQ Rs. 92.3 Cr, YoY Rs. 75.6 Cr
Quarter EPS is Rs. 4.3
Stock is trading at P/E of 59.6x FY26E EPS
*Adani Energy Solutions Ltd.* | *CMP* Rs. 954 | *M Cap* Rs. 114632 Cr | *52 W H/L* 1348/588
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 6374.6 Cr (9.3% QoQ, 35.4% YoY) vs QoQ Rs. 5830.3 Cr, YoY Rs. 4706.9 Cr
EBIDTA came at Rs. 2040 Cr (22.8% QoQ, 25.8% YoY) vs QoQ Rs. 1660.7 Cr, YoY Rs. 1621.1 Cr
EBITDA Margin came at 32% vs QoQ 28.5%, YoY 34.4%
Adj. PAT came at Rs. 647.2 Cr vs QoQ Rs. 561.8 Cr, YoY Rs. 361.4 Cr
Quarter EPS is Rs. 5.4
Stock is trading at P/E of 43.6x FY26E EPS
*Cyient Ltd.* | *CMP* Rs. 1243 | *M Cap* Rs. 13774 Cr | *52 W H/L* 1179/791
(Nirmal Bang Retail Research)
*Result is below expectation*
Order Intake came in at $184.2mn, QoQ $312.3mn, YoY $227.8mn
Dollar revenue came at $ 170 Mn,(-3% QoQ, -5.2% YoY) vs expectation of $ 172.7 Mn, QoQ $ 175.2 Mn, YoY $ 179.3 Mn
Revenue Growth QoQ CC came at -1.9% vs exp of -0.3%, QoQ 2.4%, YoY -0.5%.
Net sales came at Rs. 1471.9 Cr (-0.5% QoQ, -1.2% YoY) vs expectation of Rs. 1494.3 Cr, QoQ Rs. 1479.9 Cr, YoY Rs. 1489.2 Cr
EBIT came at Rs. 191.4 Cr (-4.1% QoQ, -19.7% YoY) vs expectation of Rs. 202.5 Cr, QoQ Rs. 199.5 Cr, YoY Rs. 238.5 Cr
EBIT Margin came at 13% vs expectation of 13.6%, QoQ 14.2%, YoY 16%
Adj. PAT came at Rs. 163 Cr vs expectation of Rs. 158 Cr, QoQ Rs. 179 Cr, YoY Rs. 186 Cr
Stock is trading at P/E of 14.7x its EPS of FY27.
(Nirmal Bang Retail Research)
*Result is below expectation*
Order Intake came in at $184.2mn, QoQ $312.3mn, YoY $227.8mn
Dollar revenue came at $ 170 Mn,(-3% QoQ, -5.2% YoY) vs expectation of $ 172.7 Mn, QoQ $ 175.2 Mn, YoY $ 179.3 Mn
Revenue Growth QoQ CC came at -1.9% vs exp of -0.3%, QoQ 2.4%, YoY -0.5%.
Net sales came at Rs. 1471.9 Cr (-0.5% QoQ, -1.2% YoY) vs expectation of Rs. 1494.3 Cr, QoQ Rs. 1479.9 Cr, YoY Rs. 1489.2 Cr
EBIT came at Rs. 191.4 Cr (-4.1% QoQ, -19.7% YoY) vs expectation of Rs. 202.5 Cr, QoQ Rs. 199.5 Cr, YoY Rs. 238.5 Cr
EBIT Margin came at 13% vs expectation of 13.6%, QoQ 14.2%, YoY 16%
Adj. PAT came at Rs. 163 Cr vs expectation of Rs. 158 Cr, QoQ Rs. 179 Cr, YoY Rs. 186 Cr
Stock is trading at P/E of 14.7x its EPS of FY27.
*L&T Technology Services Ltd.* | *CMP* Rs. 4480 | *M Cap* Rs. 44904 Cr | *52 W H/L* 5990/3855
(Nirmal Bang Retail Research)
Dollar Revenues came at $ 345.1 Mn vs expectation of $ 353 Mn, QoQ $ 312 Mn, YoY $ 305 Mn
CC QoQ came at 10.5% vs expectation of 12.7%, QoQ 3.1%, YoY 5.1%
*Result is below expectation*
Net sales came at Rs. 2982.4 Cr (12.4% QoQ, 17.5% YoY) vs expectation of Rs. 3059.8 Cr, QoQ Rs. 2653 Cr, YoY Rs. 2537.5 Cr
EBIT came at Rs. 393.9 Cr (-6.6% QoQ, -8% YoY) vs expectation of Rs. 451.1 Cr, QoQ Rs. 421.9 Cr, YoY Rs. 428.2 Cr
EBIT Margin came at 13.2% vs expectation of 14.7%, QoQ 15.9%, YoY 16.9%
Adj. PAT came at Rs. 311.1 Cr vs expectation of Rs. 360.4 Cr, QoQ Rs. 322.4 Cr, YoY Rs. 341.4 Cr
Quarter EPS is Rs. 29.4
Stock is trading at P/E of 26x FY27E EPS
(Nirmal Bang Retail Research)
Dollar Revenues came at $ 345.1 Mn vs expectation of $ 353 Mn, QoQ $ 312 Mn, YoY $ 305 Mn
CC QoQ came at 10.5% vs expectation of 12.7%, QoQ 3.1%, YoY 5.1%
*Result is below expectation*
Net sales came at Rs. 2982.4 Cr (12.4% QoQ, 17.5% YoY) vs expectation of Rs. 3059.8 Cr, QoQ Rs. 2653 Cr, YoY Rs. 2537.5 Cr
EBIT came at Rs. 393.9 Cr (-6.6% QoQ, -8% YoY) vs expectation of Rs. 451.1 Cr, QoQ Rs. 421.9 Cr, YoY Rs. 428.2 Cr
EBIT Margin came at 13.2% vs expectation of 14.7%, QoQ 15.9%, YoY 16.9%
Adj. PAT came at Rs. 311.1 Cr vs expectation of Rs. 360.4 Cr, QoQ Rs. 322.4 Cr, YoY Rs. 341.4 Cr
Quarter EPS is Rs. 29.4
Stock is trading at P/E of 26x FY27E EPS
*SBI Life Insurance Company Limited - S* | *CMP* Rs. 1609 | *M Cap* Rs. 161228 Cr | *52 W H/L* 1935/1307
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
APE came at Rs. 5450 Cr vs expectation of Rs. 5795 Cr, YoY Rs. 5330 Cr, QoQ Rs. 6940 Cr
Value of New Business (VNB) came at Rs. 1660 Cr vs expectation of Rs. 1492 Cr, YoY Rs. 1510 Cr, QoQ Rs. 1870 Cr
Value of New Business Margin (%) came at 27.8% vs expectation of 25.4%, YoY 28.1%, QoQ 26.9%
Net Premiums Earned came at Rs. 23861 Cr vs YoY Rs. 25116 Cr, QoQ Rs. 24828 Cr
PBT came at Rs. 841 Cr vs YoY Rs. 836 Cr, QoQ Rs. 572 Cr
PAT came at Rs. 813.5 Cr (0.3% YoY) vs YoY Rs. 810.8 Cr, QoQ Rs. 550.8 Cr
AUM came at Rs. 448040 Cr vs YoY Rs. 388920 Cr, QoQ Rs. 441680 Cr
13th month persistency came at 87.4% vs YoY 86.8%, QoQ 86.1%
61st month persistency came at 62.7% vs YoY 57.4%, QoQ 63.3%
Market Share (IRP) came at 22.8% vs YoY 23.3%, QoQ 25.3%
Quarter EPS is Rs. 8.1
Stock is trading at P/E of 60.1x FY26E EPS & 2.3x Mkt Cap/EV
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
APE came at Rs. 5450 Cr vs expectation of Rs. 5795 Cr, YoY Rs. 5330 Cr, QoQ Rs. 6940 Cr
Value of New Business (VNB) came at Rs. 1660 Cr vs expectation of Rs. 1492 Cr, YoY Rs. 1510 Cr, QoQ Rs. 1870 Cr
Value of New Business Margin (%) came at 27.8% vs expectation of 25.4%, YoY 28.1%, QoQ 26.9%
Net Premiums Earned came at Rs. 23861 Cr vs YoY Rs. 25116 Cr, QoQ Rs. 24828 Cr
PBT came at Rs. 841 Cr vs YoY Rs. 836 Cr, QoQ Rs. 572 Cr
PAT came at Rs. 813.5 Cr (0.3% YoY) vs YoY Rs. 810.8 Cr, QoQ Rs. 550.8 Cr
AUM came at Rs. 448040 Cr vs YoY Rs. 388920 Cr, QoQ Rs. 441680 Cr
13th month persistency came at 87.4% vs YoY 86.8%, QoQ 86.1%
61st month persistency came at 62.7% vs YoY 57.4%, QoQ 63.3%
Market Share (IRP) came at 22.8% vs YoY 23.3%, QoQ 25.3%
Quarter EPS is Rs. 8.1
Stock is trading at P/E of 60.1x FY26E EPS & 2.3x Mkt Cap/EV