BOOK FULL 97729 - SELL SILVER 98050-98110 SL ABOVE 98541 TG 97540-97380
*FDC Ltd.* | *CMP* Rs. 460 | *M Cap* Rs. 7482 Cr | *52 W H/L* 659/366
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 491.9 Cr (6% QoQ, 6.5% YoY) vs QoQ Rs. 464.1 Cr, YoY Rs. 462 Cr
EBIDTA came at Rs. 54 Cr (15.7% QoQ, -4.2% YoY) vs QoQ Rs. 46.7 Cr, YoY Rs. 56.3 Cr
EBITDA Margin came at 11% vs QoQ 10.1%, YoY 12.2%
Adj. PAT came at Rs. 38.7 Cr vs QoQ Rs. 37 Cr, YoY Rs. 46.3 Cr
Quarter EPS is Rs. 2.4
Stock is trading at P/E of 28x TTM EPS
*Kovai Medical Center & Hospital Ltd.* | *CMP* Rs. 5968 | *M Cap* Rs. 6531 Cr | *52 W H/L* 6400/3922
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 357 Cr (0.5% QoQ, 11.2% YoY) vs QoQ Rs. 355 Cr, YoY Rs. 321.1 Cr
EBIDTA came at Rs. 101.1 Cr (-1.8% QoQ, 10.2% YoY) vs QoQ Rs. 102.9 Cr, YoY Rs. 91.7 Cr
EBITDA Margin came at 28.3% vs QoQ 29%, YoY 28.5%
Adj. PAT came at Rs. 54.7 Cr vs QoQ Rs. 57.8 Cr, YoY Rs. 52.2 Cr
Quarter EPS is Rs. 50
Stock is trading at P/E of 31.3x TTM EPS
*Cohance Lifesciences Ltd.* | *CMP* Rs. 1108 | *M Cap* Rs. 28206 Cr | *52 W H/L* 1360/597
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 402 Cr (30.9% QoQ, 58.9% YoY) vs QoQ Rs. 307.2 Cr, YoY Rs. 252.9 Cr
EBIDTA came at Rs. 73.6 Cr (-37.5% QoQ, 0.3% YoY) vs QoQ Rs. 117.7 Cr, YoY Rs. 73.3 Cr
EBITDA Margin came at 18.3% vs QoQ 38.3%, YoY 29%
Adj. PAT came at Rs. 42 Cr vs QoQ Rs. 82.9 Cr, YoY Rs. 53.4 Cr
Quarter EPS is Rs. 1.7
Stock is trading at P/E of 58.9x FY26E EPS
*Deepak Nitrite Ltd.* | *CMP* Rs. 2000 | *M Cap* Rs. 27283 Cr | *52 W H/L* 3169/1781
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 2179.7 Cr (14.5% QoQ, 2.5% YoY) vs expectation of Rs. 1955.8 Cr, QoQ Rs. 1903.4 Cr, YoY Rs. 2126.2 Cr
EBIDTA came at Rs. 316.5 Cr (87.8% QoQ, 5.1% YoY) vs expectation of Rs. 224.7 Cr, QoQ Rs. 168.5 Cr, YoY Rs. 301.1 Cr
EBITDA Margin came at 14.5% vs expectation of 11.5%, QoQ 8.9%, YoY 14.2%
Adj. PAT came at Rs. 202.4 Cr vs expectation of Rs. 137.6 Cr, QoQ Rs. 98.1 Cr, YoY Rs. 174.1 Cr
Quarter EPS is Rs. 14.8
Stock is trading at P/E of 29.8x FY26E EPS
*Mishra Dhatu Nigam Ltd.* | *CMP* Rs. 418 | *M Cap* Rs. 7827 Cr | *52 W H/L* 541/217
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 406.1 Cr (70.7% QoQ, 0.1% YoY) vs QoQ Rs. 238 Cr, YoY Rs. 405.5 Cr
EBIDTA came at Rs. 93.3 Cr (78% QoQ, 16.1% YoY) vs QoQ Rs. 52.4 Cr, YoY Rs. 80.4 Cr
EBITDA Margin came at 23% vs QoQ 22%, YoY 19.8%
Adj. PAT came at Rs. 56.2 Cr vs QoQ Rs. 25.5 Cr, YoY Rs. 46.3 Cr
Quarter EPS is Rs. 3
Stock is trading at P/E of 39.3x FY26E EPS
*RHI Magnesita India Ltd.* | *CMP* Rs. 468 | *M Cap* Rs. 9669 Cr | *52 W H/L* 756/376
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 918 Cr (-9.2% QoQ, -2.7% YoY) vs expectation of Rs. 978.7 Cr, QoQ Rs. 1010.7 Cr, YoY Rs. 943.3 Cr
EBIDTA came at Rs. 93 Cr (-25.7% QoQ, -37.3% YoY) vs expectation of Rs. 127.5 Cr, QoQ Rs. 125.1 Cr, YoY Rs. 148.3 Cr
EBITDA Margin came at 10.1% vs expectation of 13%, QoQ 12.4%, YoY 15.7%
Adj. PAT came at Rs. 36 Cr vs expectation of Rs. 43.6 Cr, QoQ Rs. 47.5 Cr, YoY Rs. 67.9 Cr
Quarter EPS is Rs. 1.7
Stock is trading at P/E of 29.5x FY26E EPS
*Nuvama Wealth Management Ltd.* | *CMP* Rs. 6923 | *M Cap* Rs. 24905 Cr | *52 W H/L* 7648/4120
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1119.8 Cr (8.3% QoQ, 20.7% YoY) vs QoQ Rs. 1034 Cr, YoY Rs. 928 Cr
EBIDTA came at Rs. 578.5 Cr (-0.1% QoQ, 24.6% YoY) vs QoQ Rs. 579.2 Cr, YoY Rs. 464.4 Cr
EBITDA Margin came at 51.7% vs QoQ 56%, YoY 50%
Adj. PAT came at Rs. 255.3 Cr vs QoQ Rs. 252.1 Cr, YoY Rs. 180.8 Cr
Quarter EPS is Rs. 71
Stock is trading at P/E of 23.8x FY26E EPS
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 491.9 Cr (6% QoQ, 6.5% YoY) vs QoQ Rs. 464.1 Cr, YoY Rs. 462 Cr
EBIDTA came at Rs. 54 Cr (15.7% QoQ, -4.2% YoY) vs QoQ Rs. 46.7 Cr, YoY Rs. 56.3 Cr
EBITDA Margin came at 11% vs QoQ 10.1%, YoY 12.2%
Adj. PAT came at Rs. 38.7 Cr vs QoQ Rs. 37 Cr, YoY Rs. 46.3 Cr
Quarter EPS is Rs. 2.4
Stock is trading at P/E of 28x TTM EPS
*Kovai Medical Center & Hospital Ltd.* | *CMP* Rs. 5968 | *M Cap* Rs. 6531 Cr | *52 W H/L* 6400/3922
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 357 Cr (0.5% QoQ, 11.2% YoY) vs QoQ Rs. 355 Cr, YoY Rs. 321.1 Cr
EBIDTA came at Rs. 101.1 Cr (-1.8% QoQ, 10.2% YoY) vs QoQ Rs. 102.9 Cr, YoY Rs. 91.7 Cr
EBITDA Margin came at 28.3% vs QoQ 29%, YoY 28.5%
Adj. PAT came at Rs. 54.7 Cr vs QoQ Rs. 57.8 Cr, YoY Rs. 52.2 Cr
Quarter EPS is Rs. 50
Stock is trading at P/E of 31.3x TTM EPS
*Cohance Lifesciences Ltd.* | *CMP* Rs. 1108 | *M Cap* Rs. 28206 Cr | *52 W H/L* 1360/597
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 402 Cr (30.9% QoQ, 58.9% YoY) vs QoQ Rs. 307.2 Cr, YoY Rs. 252.9 Cr
EBIDTA came at Rs. 73.6 Cr (-37.5% QoQ, 0.3% YoY) vs QoQ Rs. 117.7 Cr, YoY Rs. 73.3 Cr
EBITDA Margin came at 18.3% vs QoQ 38.3%, YoY 29%
Adj. PAT came at Rs. 42 Cr vs QoQ Rs. 82.9 Cr, YoY Rs. 53.4 Cr
Quarter EPS is Rs. 1.7
Stock is trading at P/E of 58.9x FY26E EPS
*Deepak Nitrite Ltd.* | *CMP* Rs. 2000 | *M Cap* Rs. 27283 Cr | *52 W H/L* 3169/1781
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 2179.7 Cr (14.5% QoQ, 2.5% YoY) vs expectation of Rs. 1955.8 Cr, QoQ Rs. 1903.4 Cr, YoY Rs. 2126.2 Cr
EBIDTA came at Rs. 316.5 Cr (87.8% QoQ, 5.1% YoY) vs expectation of Rs. 224.7 Cr, QoQ Rs. 168.5 Cr, YoY Rs. 301.1 Cr
EBITDA Margin came at 14.5% vs expectation of 11.5%, QoQ 8.9%, YoY 14.2%
Adj. PAT came at Rs. 202.4 Cr vs expectation of Rs. 137.6 Cr, QoQ Rs. 98.1 Cr, YoY Rs. 174.1 Cr
Quarter EPS is Rs. 14.8
Stock is trading at P/E of 29.8x FY26E EPS
*Mishra Dhatu Nigam Ltd.* | *CMP* Rs. 418 | *M Cap* Rs. 7827 Cr | *52 W H/L* 541/217
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 406.1 Cr (70.7% QoQ, 0.1% YoY) vs QoQ Rs. 238 Cr, YoY Rs. 405.5 Cr
EBIDTA came at Rs. 93.3 Cr (78% QoQ, 16.1% YoY) vs QoQ Rs. 52.4 Cr, YoY Rs. 80.4 Cr
EBITDA Margin came at 23% vs QoQ 22%, YoY 19.8%
Adj. PAT came at Rs. 56.2 Cr vs QoQ Rs. 25.5 Cr, YoY Rs. 46.3 Cr
Quarter EPS is Rs. 3
Stock is trading at P/E of 39.3x FY26E EPS
*RHI Magnesita India Ltd.* | *CMP* Rs. 468 | *M Cap* Rs. 9669 Cr | *52 W H/L* 756/376
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 918 Cr (-9.2% QoQ, -2.7% YoY) vs expectation of Rs. 978.7 Cr, QoQ Rs. 1010.7 Cr, YoY Rs. 943.3 Cr
EBIDTA came at Rs. 93 Cr (-25.7% QoQ, -37.3% YoY) vs expectation of Rs. 127.5 Cr, QoQ Rs. 125.1 Cr, YoY Rs. 148.3 Cr
EBITDA Margin came at 10.1% vs expectation of 13%, QoQ 12.4%, YoY 15.7%
Adj. PAT came at Rs. 36 Cr vs expectation of Rs. 43.6 Cr, QoQ Rs. 47.5 Cr, YoY Rs. 67.9 Cr
Quarter EPS is Rs. 1.7
Stock is trading at P/E of 29.5x FY26E EPS
*Nuvama Wealth Management Ltd.* | *CMP* Rs. 6923 | *M Cap* Rs. 24905 Cr | *52 W H/L* 7648/4120
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1119.8 Cr (8.3% QoQ, 20.7% YoY) vs QoQ Rs. 1034 Cr, YoY Rs. 928 Cr
EBIDTA came at Rs. 578.5 Cr (-0.1% QoQ, 24.6% YoY) vs QoQ Rs. 579.2 Cr, YoY Rs. 464.4 Cr
EBITDA Margin came at 51.7% vs QoQ 56%, YoY 50%
Adj. PAT came at Rs. 255.3 Cr vs QoQ Rs. 252.1 Cr, YoY Rs. 180.8 Cr
Quarter EPS is Rs. 71
Stock is trading at P/E of 23.8x FY26E EPS
*Elgi Equipments Ltd.* | *CMP* Rs. 505 | *M Cap* Rs. 15996 Cr | *52 W H/L* 799/390
(Nirmal Bang Retail Research)
*Result is ahead of expectations*
Revenue from Operations came at Rs. 992.9 Cr (17.1% QoQ, 14.7% YoY) vs expectation of Rs. 922.6 Cr, QoQ Rs. 847.6 Cr, YoY Rs. 865.9 Cr
EBIDTA came at Rs. 149.9 Cr (25.5% QoQ, 19.7% YoY) vs expectation of Rs. 137 Cr, QoQ Rs. 119.5 Cr, YoY Rs. 125.2 Cr
EBITDA Margin came at 15.1% vs expectation of 14.8%, QoQ 14.1%, YoY 14.5%
Adj. PAT came at Rs. 102 Cr vs expectation of Rs. 98.4 Cr, QoQ Rs. 80.6 Cr, YoY Rs. 76.2 Cr
Quarter EPS is Rs. 3.2
Stock is trading at P/E of 37.7x FY26E EPS
*Birlasoft Ltd.* | *CMP* Rs. 423 | *M Cap* Rs. 11763 Cr | *52 W H/L* 760/330
(Nirmal Bang Retail Research)
Dollar revenue came at $152.2mn,QoQ $ 160.8 mn, YoY $ 163.9 mn
CC Growth came at -5.3%,QoQ -1.1%,YOY 1.6%
*Result is below expectations*
Revenue from Operations came at Rs. 1316.9 Cr (-3.4% QoQ, -3.4% YoY) vs expectation of Rs. 1381 Cr, QoQ Rs. 1362.7 Cr, YoY Rs. 1362.5 Cr
EBIDTA came at Rs. 173.6 Cr (6.2% QoQ, -21.7% YoY) vs expectation of Rs. 167 Cr, QoQ Rs. 163.4 Cr, YoY Rs. 221.7 Cr
EBITDA Margin came at 13.2% vs expectation of 12.1%, QoQ 12%, YoY 16.3%
Adj. PAT came at Rs. 122.1 Cr vs expectation of Rs. 128.8 Cr, QoQ Rs. 116.9 Cr, YoY Rs. 180.1 Cr
Quarter EPS is Rs. 4.4
Stock is trading at P/E of 19.2x FY26E EPS
*Bata India Ltd.* | *CMP* Rs. 1276 | *M Cap* Rs. 16400 Cr | *52 W H/L* 1633/1136
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 788.2 Cr (-14.2% QoQ, -1.2% YoY) vs expectation of Rs. 824.6 Cr, QoQ Rs. 918.8 Cr, YoY Rs. 797.9 Cr
EBIDTA came at Rs. 178.3 Cr (-10.6% QoQ, -2.2% YoY) vs expectation of Rs. 187 Cr, QoQ Rs. 199.5 Cr, YoY Rs. 182.3 Cr
EBITDA Margin came at 22.6% vs expectation of 22.7%, QoQ 21.7%, YoY 22.8%
Adj. PAT came at Rs. 45.9 Cr vs expectation of Rs. 59.6 Cr, QoQ Rs. 69.5 Cr, YoY Rs. 63.6 Cr
Quarter EPS is Rs. 3.6
Stock is trading at P/E of 52x FY26E EPS
*Himatsingka Seide Ltd.* | *CMP* Rs. 162 | *M Cap* Rs. 2037 Cr | *52 W H/L* 232/108
(Nirmal Bang Retail Research)
*Result is declining*
Higher PAT is on account of Tax w/back
Revenue from Operations came at Rs. 656.9 Cr (-5% QoQ, -5.7% YoY) vs QoQ Rs. 691.5 Cr, YoY Rs. 696.9 Cr
EBIDTA came at Rs. 117.8 Cr (5.6% QoQ, -18.6% YoY) vs QoQ Rs. 111.5 Cr, YoY Rs. 144.6 Cr
EBITDA Margin came at 17.9% vs QoQ 16.1%, YoY 20.8%
Adj. PAT came at Rs. 106.6 Cr vs QoQ Rs. 21.8 Cr, YoY Rs. 23.7 Cr
Quarter EPS is Rs. 8.5
Stock is trading at P/E of 11.9x TTM EPS
*Som Distilleries And Breweries Ltd.* | *CMP* Rs. 158 | *M Cap* Rs. 3067 Cr | *52 W H/L* 158.3/96
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 339 Cr (12.6% QoQ, -11.2% YoY) vs QoQ Rs. 301.1 Cr, YoY Rs. 381.6 Cr
EBIDTA came at Rs. 41.8 Cr (15% QoQ, -0.3% YoY) vs QoQ Rs. 36.3 Cr, YoY Rs. 41.9 Cr
EBITDA Margin came at 12.3% vs QoQ 12.1%, YoY 11%
Adj. PAT came at Rs. 23.7 Cr vs QoQ Rs. 21.5 Cr, YoY Rs. 20 Cr
Quarter EPS is Rs. 1.2
Stock is trading at P/E of 30x TTM EPS
*Natco Pharma Ltd.* | *CMP* Rs. 868 | *M Cap* Rs. 15547 Cr | *52 W H/L* 1639/727
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 1221 Cr (157.2% QoQ, 14.3% YoY) vs expectation of Rs. 1352.1 Cr, QoQ Rs. 474.8 Cr, YoY Rs. 1068.3 Cr
EBIDTA came at Rs. 548.1 Cr (1312.6% QoQ, 10.2% YoY) vs expectation of Rs. 614.3 Cr, QoQ Rs. 38.8 Cr, YoY Rs. 497.3 Cr
EBITDA Margin came at 44.9% vs expectation of 45.4%, QoQ 8.2%, YoY 46.6%
Adj. PAT came at Rs. 406.6 Cr vs expectation of Rs. 473.5 Cr, QoQ Rs. 133 Cr, YoY Rs. 386.3 Cr
Quarter EPS is Rs. 22.7
Stock is trading at P/E of 7.5x FY26E EPS
*Hindustan Oil Exploration Company Ltd.* | *CMP* Rs. 180 | *M Cap* Rs. 2380 Cr | *52 W H/L* 294/145
(Nirmal Bang Retail Research)
(Nirmal Bang Retail Research)
*Result is ahead of expectations*
Revenue from Operations came at Rs. 992.9 Cr (17.1% QoQ, 14.7% YoY) vs expectation of Rs. 922.6 Cr, QoQ Rs. 847.6 Cr, YoY Rs. 865.9 Cr
EBIDTA came at Rs. 149.9 Cr (25.5% QoQ, 19.7% YoY) vs expectation of Rs. 137 Cr, QoQ Rs. 119.5 Cr, YoY Rs. 125.2 Cr
EBITDA Margin came at 15.1% vs expectation of 14.8%, QoQ 14.1%, YoY 14.5%
Adj. PAT came at Rs. 102 Cr vs expectation of Rs. 98.4 Cr, QoQ Rs. 80.6 Cr, YoY Rs. 76.2 Cr
Quarter EPS is Rs. 3.2
Stock is trading at P/E of 37.7x FY26E EPS
*Birlasoft Ltd.* | *CMP* Rs. 423 | *M Cap* Rs. 11763 Cr | *52 W H/L* 760/330
(Nirmal Bang Retail Research)
Dollar revenue came at $152.2mn,QoQ $ 160.8 mn, YoY $ 163.9 mn
CC Growth came at -5.3%,QoQ -1.1%,YOY 1.6%
*Result is below expectations*
Revenue from Operations came at Rs. 1316.9 Cr (-3.4% QoQ, -3.4% YoY) vs expectation of Rs. 1381 Cr, QoQ Rs. 1362.7 Cr, YoY Rs. 1362.5 Cr
EBIDTA came at Rs. 173.6 Cr (6.2% QoQ, -21.7% YoY) vs expectation of Rs. 167 Cr, QoQ Rs. 163.4 Cr, YoY Rs. 221.7 Cr
EBITDA Margin came at 13.2% vs expectation of 12.1%, QoQ 12%, YoY 16.3%
Adj. PAT came at Rs. 122.1 Cr vs expectation of Rs. 128.8 Cr, QoQ Rs. 116.9 Cr, YoY Rs. 180.1 Cr
Quarter EPS is Rs. 4.4
Stock is trading at P/E of 19.2x FY26E EPS
*Bata India Ltd.* | *CMP* Rs. 1276 | *M Cap* Rs. 16400 Cr | *52 W H/L* 1633/1136
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 788.2 Cr (-14.2% QoQ, -1.2% YoY) vs expectation of Rs. 824.6 Cr, QoQ Rs. 918.8 Cr, YoY Rs. 797.9 Cr
EBIDTA came at Rs. 178.3 Cr (-10.6% QoQ, -2.2% YoY) vs expectation of Rs. 187 Cr, QoQ Rs. 199.5 Cr, YoY Rs. 182.3 Cr
EBITDA Margin came at 22.6% vs expectation of 22.7%, QoQ 21.7%, YoY 22.8%
Adj. PAT came at Rs. 45.9 Cr vs expectation of Rs. 59.6 Cr, QoQ Rs. 69.5 Cr, YoY Rs. 63.6 Cr
Quarter EPS is Rs. 3.6
Stock is trading at P/E of 52x FY26E EPS
*Himatsingka Seide Ltd.* | *CMP* Rs. 162 | *M Cap* Rs. 2037 Cr | *52 W H/L* 232/108
(Nirmal Bang Retail Research)
*Result is declining*
Higher PAT is on account of Tax w/back
Revenue from Operations came at Rs. 656.9 Cr (-5% QoQ, -5.7% YoY) vs QoQ Rs. 691.5 Cr, YoY Rs. 696.9 Cr
EBIDTA came at Rs. 117.8 Cr (5.6% QoQ, -18.6% YoY) vs QoQ Rs. 111.5 Cr, YoY Rs. 144.6 Cr
EBITDA Margin came at 17.9% vs QoQ 16.1%, YoY 20.8%
Adj. PAT came at Rs. 106.6 Cr vs QoQ Rs. 21.8 Cr, YoY Rs. 23.7 Cr
Quarter EPS is Rs. 8.5
Stock is trading at P/E of 11.9x TTM EPS
*Som Distilleries And Breweries Ltd.* | *CMP* Rs. 158 | *M Cap* Rs. 3067 Cr | *52 W H/L* 158.3/96
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 339 Cr (12.6% QoQ, -11.2% YoY) vs QoQ Rs. 301.1 Cr, YoY Rs. 381.6 Cr
EBIDTA came at Rs. 41.8 Cr (15% QoQ, -0.3% YoY) vs QoQ Rs. 36.3 Cr, YoY Rs. 41.9 Cr
EBITDA Margin came at 12.3% vs QoQ 12.1%, YoY 11%
Adj. PAT came at Rs. 23.7 Cr vs QoQ Rs. 21.5 Cr, YoY Rs. 20 Cr
Quarter EPS is Rs. 1.2
Stock is trading at P/E of 30x TTM EPS
*Natco Pharma Ltd.* | *CMP* Rs. 868 | *M Cap* Rs. 15547 Cr | *52 W H/L* 1639/727
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 1221 Cr (157.2% QoQ, 14.3% YoY) vs expectation of Rs. 1352.1 Cr, QoQ Rs. 474.8 Cr, YoY Rs. 1068.3 Cr
EBIDTA came at Rs. 548.1 Cr (1312.6% QoQ, 10.2% YoY) vs expectation of Rs. 614.3 Cr, QoQ Rs. 38.8 Cr, YoY Rs. 497.3 Cr
EBITDA Margin came at 44.9% vs expectation of 45.4%, QoQ 8.2%, YoY 46.6%
Adj. PAT came at Rs. 406.6 Cr vs expectation of Rs. 473.5 Cr, QoQ Rs. 133 Cr, YoY Rs. 386.3 Cr
Quarter EPS is Rs. 22.7
Stock is trading at P/E of 7.5x FY26E EPS
*Hindustan Oil Exploration Company Ltd.* | *CMP* Rs. 180 | *M Cap* Rs. 2380 Cr | *52 W H/L* 294/145
(Nirmal Bang Retail Research)
*Result declining*
Higher PAT is on account of Tax W/Back
Revenue from Operations came at Rs. 43.4 Cr (-70.4% QoQ, -85% YoY) vs QoQ Rs. 146.5 Cr, YoY Rs. 289.6 Cr
EBIDTA came at Rs. 4.6 Cr (-93.8% QoQ, -93.9% YoY) vs QoQ Rs. 74 Cr, YoY Rs. 74.7 Cr
EBITDA Margin came at 10.5% vs QoQ 50.5%, YoY 25.8%
Adj. PAT came at Rs. 51.2 Cr vs QoQ Rs. 43.3 Cr, YoY Rs. 37.7 Cr
Quarter EPS is Rs. 3.9
Stock is trading at P/E of 16.2x TTM EPS
*EMS Ltd.* | *CMP* Rs. 660 | *M Cap* Rs. 3665 Cr | *52 W H/L* 1017/392
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 265.8 Cr (8.4% QoQ, 8.4% YoY) vs QoQ Rs. 245.3 Cr, YoY Rs. 245.3 Cr
EBIDTA came at Rs. 60.8 Cr (-14.4% QoQ, -10% YoY) vs QoQ Rs. 71.1 Cr, YoY Rs. 67.6 Cr
EBITDA Margin came at 22.9% vs QoQ 29%, YoY 27.6%
Adj. PAT came at Rs. 46.6 Cr vs QoQ Rs. 50.5 Cr, YoY Rs. 47.4 Cr
Quarter EPS is Rs. 8.4
Stock is trading at P/E of 19.9x TTM EPS
*Indian Railway Catering And Tourism Corporation Ltd.* | *CMP* Rs. 776 | *M Cap* Rs. 62080 Cr | *52 W H/L* 1148/656
(Nirmal Bang Retail Research)
*Result below Expectation*
Revenue from Operations came at Rs. 1268.5 Cr (3.6% QoQ, 9.9% YoY) vs expectation of Rs. 1343.4 Cr, QoQ Rs. 1224.7 Cr, YoY Rs. 1154.8 Cr
EBIDTA came at Rs. 385.1 Cr (-7.6% QoQ, 6.2% YoY) vs expectation of Rs. 436.6 Cr, QoQ Rs. 416.9 Cr, YoY Rs. 362.7 Cr
EBITDA Margin came at 30.4% vs expectation of 32.5%, QoQ 34%, YoY 31.4%
Adj. PAT came at Rs. 312.3 Cr vs expectation of Rs. 369.3 Cr, QoQ Rs. 341.2 Cr, YoY Rs. 276.5 Cr
Quarter EPS is Rs. 3.9
Stock is trading at P/E of 49x TTM EPS
*Steel Authority of India Ltd.* | *CMP* Rs. 129 | *M Cap* Rs. 53196 Cr | *52 W H/L* 176/99
(Nirmal Bang Retail Research)
Off-take came at 4.56 MnT vs expectation of 5.15 MnT, QoQ 4.4 MnT (+3.6%), YoY 5.3 MnT (-14.4%)
EBITDA/tn came at 7631.5 , vs QoQ 4602 (+65.8%), YoY 6520 (+17%)
*Result is above expectations*
Revenue from Operations came at Rs. 29316.1 Cr (19.7% QoQ, 4.9% YoY) vs expectation of Rs. 27227.7 Cr, QoQ Rs. 24489.6 Cr, YoY Rs. 27958 Cr
EBIDTA came at Rs. 3480.7 Cr (71.9% QoQ, 0.2% YoY) vs expectation of Rs. 2713.6 Cr, QoQ Rs. 2025 Cr, YoY Rs. 3475.4 Cr
EBITDA Margin came at 11.9% vs expectation of 10%, QoQ 8.3%, YoY 12.4%
Adj. PAT came at Rs. 1207.4 Cr vs expectation of Rs. 739.8 Cr, QoQ Rs. 97.3 Cr, YoY Rs. 1513.6 Cr
Quarter EPS is Rs. 2.9
Stock is trading at 8.2x FY26E EV/EBITDA
*Welspun Corp Ltd.* | *CMP* Rs. 814 | *M Cap* Rs. 21351 Cr | *52 W H/L* 900/440
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 3925 Cr (8.6% QoQ, -12% YoY) vs QoQ Rs. 3613.5 Cr, YoY Rs. 4461.2 Cr
EBIDTA came at Rs. 460.2 Cr (5.9% QoQ, 39.4% YoY) vs QoQ Rs. 434.5 Cr, YoY Rs. 330.1 Cr
EBITDA Margin came at 11.7% vs QoQ 12%, YoY 7.4%
Adj. PAT came at Rs. 221.8 Cr vs QoQ Rs. 674.6 Cr, YoY Rs. 268.5 Cr
Q3 profit higher on account of sell of shares of Associat company
Quarter EPS is Rs. 8.5
Stock is trading at P/E of 15.6x FY26E EPS
*Kingfa Science & Technology (India) Ltd.* | *CMP* Rs. 3487 | *M Cap* Rs. 4223 Cr | *52 W H/L* 3954/1670
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 469.6 Cr (6.6% QoQ, 16.1% YoY) vs QoQ Rs. 440.4 Cr, YoY Rs. 404.4 Cr
EBIDTA came at Rs. 60.5 Cr (16.3% QoQ, 16.1% YoY) vs QoQ Rs. 52 Cr, YoY Rs. 52.1 Cr
EBITDA Margin came at 12.9% vs QoQ 11.8%, YoY 12.9%
Adj. PAT came at Rs. 41.9 Cr vs QoQ Rs. 34.6 Cr, YoY Rs. 33.6 Cr
Quarter EPS is Rs. 34.6
Stock is trading at P/E of 27.6x TTM EPS
*Polyplex Corporation Ltd.* | *CMP* Rs. 1376 | *M Cap* Rs. 4320 Cr | *52 W H/L* 1480/752
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 1739.6 Cr (1.1% QoQ, 3.6% YoY) vs QoQ Rs. 1721.2 Cr, YoY Rs. 1678.7 Cr
EBIDTA came at Rs. 63.9 Cr (-47.3% QoQ, -46.6% YoY) vs QoQ Rs. 121.2 Cr, YoY Rs. 119.7 Cr
EBITDA Margin came at 3.7% vs QoQ 7%, YoY 7.1%
Adj. PAT came at Rs. 10.1 Cr vs QoQ Rs. 57.8 Cr, YoY Rs. 8.4 Cr
Quarter EPS is Rs. 3.2
Stock is trading at P/E of 20.6x TTM EPS
Higher PAT is on account of Tax W/Back
Revenue from Operations came at Rs. 43.4 Cr (-70.4% QoQ, -85% YoY) vs QoQ Rs. 146.5 Cr, YoY Rs. 289.6 Cr
EBIDTA came at Rs. 4.6 Cr (-93.8% QoQ, -93.9% YoY) vs QoQ Rs. 74 Cr, YoY Rs. 74.7 Cr
EBITDA Margin came at 10.5% vs QoQ 50.5%, YoY 25.8%
Adj. PAT came at Rs. 51.2 Cr vs QoQ Rs. 43.3 Cr, YoY Rs. 37.7 Cr
Quarter EPS is Rs. 3.9
Stock is trading at P/E of 16.2x TTM EPS
*EMS Ltd.* | *CMP* Rs. 660 | *M Cap* Rs. 3665 Cr | *52 W H/L* 1017/392
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 265.8 Cr (8.4% QoQ, 8.4% YoY) vs QoQ Rs. 245.3 Cr, YoY Rs. 245.3 Cr
EBIDTA came at Rs. 60.8 Cr (-14.4% QoQ, -10% YoY) vs QoQ Rs. 71.1 Cr, YoY Rs. 67.6 Cr
EBITDA Margin came at 22.9% vs QoQ 29%, YoY 27.6%
Adj. PAT came at Rs. 46.6 Cr vs QoQ Rs. 50.5 Cr, YoY Rs. 47.4 Cr
Quarter EPS is Rs. 8.4
Stock is trading at P/E of 19.9x TTM EPS
*Indian Railway Catering And Tourism Corporation Ltd.* | *CMP* Rs. 776 | *M Cap* Rs. 62080 Cr | *52 W H/L* 1148/656
(Nirmal Bang Retail Research)
*Result below Expectation*
Revenue from Operations came at Rs. 1268.5 Cr (3.6% QoQ, 9.9% YoY) vs expectation of Rs. 1343.4 Cr, QoQ Rs. 1224.7 Cr, YoY Rs. 1154.8 Cr
EBIDTA came at Rs. 385.1 Cr (-7.6% QoQ, 6.2% YoY) vs expectation of Rs. 436.6 Cr, QoQ Rs. 416.9 Cr, YoY Rs. 362.7 Cr
EBITDA Margin came at 30.4% vs expectation of 32.5%, QoQ 34%, YoY 31.4%
Adj. PAT came at Rs. 312.3 Cr vs expectation of Rs. 369.3 Cr, QoQ Rs. 341.2 Cr, YoY Rs. 276.5 Cr
Quarter EPS is Rs. 3.9
Stock is trading at P/E of 49x TTM EPS
*Steel Authority of India Ltd.* | *CMP* Rs. 129 | *M Cap* Rs. 53196 Cr | *52 W H/L* 176/99
(Nirmal Bang Retail Research)
Off-take came at 4.56 MnT vs expectation of 5.15 MnT, QoQ 4.4 MnT (+3.6%), YoY 5.3 MnT (-14.4%)
EBITDA/tn came at 7631.5 , vs QoQ 4602 (+65.8%), YoY 6520 (+17%)
*Result is above expectations*
Revenue from Operations came at Rs. 29316.1 Cr (19.7% QoQ, 4.9% YoY) vs expectation of Rs. 27227.7 Cr, QoQ Rs. 24489.6 Cr, YoY Rs. 27958 Cr
EBIDTA came at Rs. 3480.7 Cr (71.9% QoQ, 0.2% YoY) vs expectation of Rs. 2713.6 Cr, QoQ Rs. 2025 Cr, YoY Rs. 3475.4 Cr
EBITDA Margin came at 11.9% vs expectation of 10%, QoQ 8.3%, YoY 12.4%
Adj. PAT came at Rs. 1207.4 Cr vs expectation of Rs. 739.8 Cr, QoQ Rs. 97.3 Cr, YoY Rs. 1513.6 Cr
Quarter EPS is Rs. 2.9
Stock is trading at 8.2x FY26E EV/EBITDA
*Welspun Corp Ltd.* | *CMP* Rs. 814 | *M Cap* Rs. 21351 Cr | *52 W H/L* 900/440
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 3925 Cr (8.6% QoQ, -12% YoY) vs QoQ Rs. 3613.5 Cr, YoY Rs. 4461.2 Cr
EBIDTA came at Rs. 460.2 Cr (5.9% QoQ, 39.4% YoY) vs QoQ Rs. 434.5 Cr, YoY Rs. 330.1 Cr
EBITDA Margin came at 11.7% vs QoQ 12%, YoY 7.4%
Adj. PAT came at Rs. 221.8 Cr vs QoQ Rs. 674.6 Cr, YoY Rs. 268.5 Cr
Q3 profit higher on account of sell of shares of Associat company
Quarter EPS is Rs. 8.5
Stock is trading at P/E of 15.6x FY26E EPS
*Kingfa Science & Technology (India) Ltd.* | *CMP* Rs. 3487 | *M Cap* Rs. 4223 Cr | *52 W H/L* 3954/1670
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 469.6 Cr (6.6% QoQ, 16.1% YoY) vs QoQ Rs. 440.4 Cr, YoY Rs. 404.4 Cr
EBIDTA came at Rs. 60.5 Cr (16.3% QoQ, 16.1% YoY) vs QoQ Rs. 52 Cr, YoY Rs. 52.1 Cr
EBITDA Margin came at 12.9% vs QoQ 11.8%, YoY 12.9%
Adj. PAT came at Rs. 41.9 Cr vs QoQ Rs. 34.6 Cr, YoY Rs. 33.6 Cr
Quarter EPS is Rs. 34.6
Stock is trading at P/E of 27.6x TTM EPS
*Polyplex Corporation Ltd.* | *CMP* Rs. 1376 | *M Cap* Rs. 4320 Cr | *52 W H/L* 1480/752
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 1739.6 Cr (1.1% QoQ, 3.6% YoY) vs QoQ Rs. 1721.2 Cr, YoY Rs. 1678.7 Cr
EBIDTA came at Rs. 63.9 Cr (-47.3% QoQ, -46.6% YoY) vs QoQ Rs. 121.2 Cr, YoY Rs. 119.7 Cr
EBITDA Margin came at 3.7% vs QoQ 7%, YoY 7.1%
Adj. PAT came at Rs. 10.1 Cr vs QoQ Rs. 57.8 Cr, YoY Rs. 8.4 Cr
Quarter EPS is Rs. 3.2
Stock is trading at P/E of 20.6x TTM EPS
*Sandur Manganese & Iron Ores Ltd.* | *CMP* Rs. 551 | *M Cap* Rs. 8928 Cr | *52 W H/L* 636/337
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1321.3 Cr (38.8% QoQ, 139.5% YoY) vs QoQ Rs. 951.9 Cr, YoY Rs. 551.8 Cr
EBIDTA came at Rs. 316 Cr (31.5% QoQ, 52.1% YoY) vs QoQ Rs. 240.3 Cr, YoY Rs. 207.7 Cr
EBITDA Margin came at 23.9% vs QoQ 25.2%, YoY 37.6%
Adj. PAT came at Rs. 156.2 Cr vs QoQ Rs. 137.3 Cr, YoY Rs. 163.6 Cr
Quarter EPS is Rs. 9.6
Stock is trading at P/E of 19x TTM EPS
*Avanti Feeds Ltd.* | *CMP* Rs. 862 | *M Cap* Rs. 11744 Cr | *52 W H/L* 965/483
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1385.1 Cr (1.4% QoQ, 7.9% YoY) vs QoQ Rs. 1365.8 Cr, YoY Rs. 1283.5 Cr
EBIDTA came at Rs. 176.9 Cr (10.3% QoQ, 36.5% YoY) vs QoQ Rs. 160.3 Cr, YoY Rs. 129.5 Cr
EBITDA Margin came at 12.8% vs QoQ 11.7%, YoY 10.1%
Adj. PAT came at Rs. 151.8 Cr vs QoQ Rs. 135.2 Cr, YoY Rs. 104.1 Cr
Quarter EPS is Rs. 11.1
Stock is trading at P/E of 22.2x TTM EPS
*Enviro Infra Engineers Ltd.* | *CMP* Rs. 252 | *M Cap* Rs. 4423 Cr | *52 W H/L* 392/170
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 392.9 Cr (58.8% QoQ, 30.8% YoY) vs QoQ Rs. 247.5 Cr, YoY Rs. 300.4 Cr
EBIDTA came at Rs. 99.4 Cr (84.3% QoQ, 15.8% YoY) vs QoQ Rs. 53.9 Cr, YoY Rs. 85.9 Cr
EBITDA Margin came at 25.3% vs QoQ 21.8%, YoY 28.6%
Adj. PAT came at Rs. 73.2 Cr vs QoQ Rs. 36.7 Cr, YoY Rs. 57.6 Cr
Quarter EPS is Rs. 4.2
Stock is trading at P/E of 25.1x TTM EPS
*Cummins India Ltd.* | *CMP* Rs. 2977 | *M Cap* Rs. 82522 Cr | *52 W H/L* 4172/2580
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 2456.9 Cr (-20.4% QoQ, 6.1% YoY) vs expectation of Rs. 2720.3 Cr, QoQ Rs. 3086 Cr, YoY Rs. 2316.2 Cr
EBIDTA came at Rs. 519.7 Cr (-13.4% QoQ, -4.5% YoY) vs expectation of Rs. 527 Cr, QoQ Rs. 600 Cr, YoY Rs. 544.3 Cr
EBITDA Margin came at 21.2% vs expectation of 19.4%, QoQ 19.4%, YoY 23.5%
Adj. PAT came at Rs. 521.4 Cr vs expectation of Rs. 469.4 Cr, QoQ Rs. 514 Cr, YoY Rs. 561.5 Cr
Quarter EPS is Rs. 18.8
Stock is trading at P/E of 38.1x FY26E EPS
On Wednesday night, the U.S. Court of International Trade ruled that Trump overstepped his authority when he imposed his “reciprocal” tariffs. The judges ordered that the challenged tariff orders be vacated.
*Jyoti Structures Ltd.* | *CMP* Rs. 22 | *M Cap* Rs. 2555 Cr | *52 W H/L* 37/13
(Nirmal Bang Retail Research)
*Result ok*
Order book stand at Rs.1900cr
Revenue from Operations came at Rs. 164.7 Cr (19.9% QoQ, 27.7% YoY) vs QoQ Rs. 137.4 Cr, YoY Rs. 129 Cr
EBIDTA came at Rs. 12.7 Cr (4.8% QoQ, 98.6% YoY) vs QoQ Rs. 12.1 Cr, YoY Rs. 6.4 Cr
EBITDA Margin came at 7.7% vs QoQ 8.8%, YoY 4.9%
Adj. PAT came at Rs. 11.9 Cr vs QoQ Rs. 11.5 Cr, YoY Rs. 14.1 Cr
Quarter EPS is Rs. 0.1
Stock is trading at P/E of 71.8x TTM EPS
*Insecticides (India) Ltd.* | *CMP* Rs. 830 | *M Cap* Rs. 2415 Cr | *52 W H/L* 1085/476
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 358.9 Cr (0.3% QoQ, 31.7% YoY) vs QoQ Rs. 357.7 Cr, YoY Rs. 272.5 Cr
EBIDTA came at Rs. 28.5 Cr (-7.8% QoQ, 217.8% YoY) vs QoQ Rs. 30.9 Cr, YoY Rs. 9 Cr
EBITDA Margin came at 7.9% vs QoQ 8.6%, YoY 3.3%
Adj. PAT came at Rs. 13.9 Cr vs QoQ Rs. 17.4 Cr, YoY Rs. 7.8 Cr
Quarter EPS is Rs. 4.8
Stock is trading at P/E of 17x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1321.3 Cr (38.8% QoQ, 139.5% YoY) vs QoQ Rs. 951.9 Cr, YoY Rs. 551.8 Cr
EBIDTA came at Rs. 316 Cr (31.5% QoQ, 52.1% YoY) vs QoQ Rs. 240.3 Cr, YoY Rs. 207.7 Cr
EBITDA Margin came at 23.9% vs QoQ 25.2%, YoY 37.6%
Adj. PAT came at Rs. 156.2 Cr vs QoQ Rs. 137.3 Cr, YoY Rs. 163.6 Cr
Quarter EPS is Rs. 9.6
Stock is trading at P/E of 19x TTM EPS
*Avanti Feeds Ltd.* | *CMP* Rs. 862 | *M Cap* Rs. 11744 Cr | *52 W H/L* 965/483
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1385.1 Cr (1.4% QoQ, 7.9% YoY) vs QoQ Rs. 1365.8 Cr, YoY Rs. 1283.5 Cr
EBIDTA came at Rs. 176.9 Cr (10.3% QoQ, 36.5% YoY) vs QoQ Rs. 160.3 Cr, YoY Rs. 129.5 Cr
EBITDA Margin came at 12.8% vs QoQ 11.7%, YoY 10.1%
Adj. PAT came at Rs. 151.8 Cr vs QoQ Rs. 135.2 Cr, YoY Rs. 104.1 Cr
Quarter EPS is Rs. 11.1
Stock is trading at P/E of 22.2x TTM EPS
*Enviro Infra Engineers Ltd.* | *CMP* Rs. 252 | *M Cap* Rs. 4423 Cr | *52 W H/L* 392/170
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 392.9 Cr (58.8% QoQ, 30.8% YoY) vs QoQ Rs. 247.5 Cr, YoY Rs. 300.4 Cr
EBIDTA came at Rs. 99.4 Cr (84.3% QoQ, 15.8% YoY) vs QoQ Rs. 53.9 Cr, YoY Rs. 85.9 Cr
EBITDA Margin came at 25.3% vs QoQ 21.8%, YoY 28.6%
Adj. PAT came at Rs. 73.2 Cr vs QoQ Rs. 36.7 Cr, YoY Rs. 57.6 Cr
Quarter EPS is Rs. 4.2
Stock is trading at P/E of 25.1x TTM EPS
*Cummins India Ltd.* | *CMP* Rs. 2977 | *M Cap* Rs. 82522 Cr | *52 W H/L* 4172/2580
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 2456.9 Cr (-20.4% QoQ, 6.1% YoY) vs expectation of Rs. 2720.3 Cr, QoQ Rs. 3086 Cr, YoY Rs. 2316.2 Cr
EBIDTA came at Rs. 519.7 Cr (-13.4% QoQ, -4.5% YoY) vs expectation of Rs. 527 Cr, QoQ Rs. 600 Cr, YoY Rs. 544.3 Cr
EBITDA Margin came at 21.2% vs expectation of 19.4%, QoQ 19.4%, YoY 23.5%
Adj. PAT came at Rs. 521.4 Cr vs expectation of Rs. 469.4 Cr, QoQ Rs. 514 Cr, YoY Rs. 561.5 Cr
Quarter EPS is Rs. 18.8
Stock is trading at P/E of 38.1x FY26E EPS
On Wednesday night, the U.S. Court of International Trade ruled that Trump overstepped his authority when he imposed his “reciprocal” tariffs. The judges ordered that the challenged tariff orders be vacated.
*Jyoti Structures Ltd.* | *CMP* Rs. 22 | *M Cap* Rs. 2555 Cr | *52 W H/L* 37/13
(Nirmal Bang Retail Research)
*Result ok*
Order book stand at Rs.1900cr
Revenue from Operations came at Rs. 164.7 Cr (19.9% QoQ, 27.7% YoY) vs QoQ Rs. 137.4 Cr, YoY Rs. 129 Cr
EBIDTA came at Rs. 12.7 Cr (4.8% QoQ, 98.6% YoY) vs QoQ Rs. 12.1 Cr, YoY Rs. 6.4 Cr
EBITDA Margin came at 7.7% vs QoQ 8.8%, YoY 4.9%
Adj. PAT came at Rs. 11.9 Cr vs QoQ Rs. 11.5 Cr, YoY Rs. 14.1 Cr
Quarter EPS is Rs. 0.1
Stock is trading at P/E of 71.8x TTM EPS
*Insecticides (India) Ltd.* | *CMP* Rs. 830 | *M Cap* Rs. 2415 Cr | *52 W H/L* 1085/476
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 358.9 Cr (0.3% QoQ, 31.7% YoY) vs QoQ Rs. 357.7 Cr, YoY Rs. 272.5 Cr
EBIDTA came at Rs. 28.5 Cr (-7.8% QoQ, 217.8% YoY) vs QoQ Rs. 30.9 Cr, YoY Rs. 9 Cr
EBITDA Margin came at 7.9% vs QoQ 8.6%, YoY 3.3%
Adj. PAT came at Rs. 13.9 Cr vs QoQ Rs. 17.4 Cr, YoY Rs. 7.8 Cr
Quarter EPS is Rs. 4.8
Stock is trading at P/E of 17x TTM EPS
Stocks In The News
IndusInd Bank: SEBI has barred former IndusInd Bank CEO Sumant Kathpalia and four others from dealing in the share market.
Gensol Engineering: The National Company Law Tribunal in Ahmedabad has ordered the freezing and attachment of all bank accounts and lockers belonging to Gensol Engineering and its associated entities.
Infosys: The company is in an agreement with E.ON to enable AI-powered digital workplace transformation.
Tata Chemicals: N Chandrasekaran resigned as director and chairperson, effective May 29, and appointed S Padmanabhan as director and chairperson, effective May 30.
DLF: The company's arm incorporated a wholly-owned subsidiary in GIFT City, Gujarat.
Grasim Industries: The board meeting will be held to consider the issue of Non-Convertible Debentures on a private placement basis, in one or more tranches, subject to regulatory and statutory approvals as may be required.
LTIMindtree: Aramco Digital and Co launched NextEra, which is a Next-Gen IT services company in Saudi Arabia.
Adani Energy Solutions: The board will meet on May 31 to consider a proposal for raising funds.
Aurobindo Pharma: The company incorporated a step-down arm, Curateq Biologics B.V., in Netherlands.
Schaeffler India: The company inaugurated a plant in Shoolagiri, Tamil Nadu.
FSN E-Commerce: NCLT approved the Scheme of Amalgamation of its arm Iluminar Media with Nykaa Fashion.
Radico Khaitan: The company withdrew the ‘Trikal’ brand name for a new range of single-malt whiskey. The brand name had previously drawn criticism from religious quarters due to label on the bottle having a geometric face with circular pattern on the forehead.
Reliance Power: The arm received a letter of award from SJVN for the Solar and Battery Energy Storage System Project. The company to add 600 MW Of Solar DC Capacity & 700 MWh Of Battery Energy Storage System Capacity.
HG Infra: The company received a letter of intent from Gujarat Urja Vikas Nigam for 600 MWH battery energy storage order
Max Financial Services: Prashant Tripathy, managing director and CEO of Axis Max Life Insurance, the material subsidiary of the company, has expressed his desire to retire early from his position, effective end of the day September 30, 2025, to devote time to personal pursuits and priorities.
Rites: The company signed MoU with Shree Cement for development of rail infra & allied services.
Insider Trading
Supreme Industries: Promoter Jovial Investment and Trading Company bought 63,914 shares on May 26.
Asahi India Glass: Promoter Sanjay Labroo revoked a pledge for 8 lakh shares.
Usha Martin: Promoter Peterhouse Investments India sold 2.3 lakh shares.
Voltamp Transformers: Promoter Taral K. Patel sold 20,600 shares on May 26.
MTAR Technologies: Promoter P Kalpana Reddy sold 15,000 shares on May 27.
Trading Tweaks
Price Band change from 20% to 10%: IFCI
Shares to Exit-Lock In: Gandhar Oil Refinery
Ex-Dividend: Tata Consumer Products.
Securities in ban period: Nil.
Currency Update
The Indian rupee weakened by 3 paise to close at 85.37 against the US dollar on Wednesday, extending its fall for the second day, in comparison to its previous close of 85.33 on Tuesday.
Dow -245
Nasdaq -98
Dax -188
Nikkei +500
Hangseng +32
Gift Nifty +65 (24812)
Dowfut +500
Nasdaqfut +400
Crude Oil 65.11
Dollar Index 100.37
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 Industrial output growth dips to 2.7% in April, lowest in eight months
📝 Economists see global growth coming under strain; India story intact: WEF
📝 N Chandrasekaran to step down from Tata Chemicals; new Chairman appointed
📝 PayPal receives RBI nod to operate as cross-border payment aggregator
📝 IndiGo to launch first commercial flights from Navi Mumbai airport
IndusInd Bank: SEBI has barred former IndusInd Bank CEO Sumant Kathpalia and four others from dealing in the share market.
Gensol Engineering: The National Company Law Tribunal in Ahmedabad has ordered the freezing and attachment of all bank accounts and lockers belonging to Gensol Engineering and its associated entities.
Infosys: The company is in an agreement with E.ON to enable AI-powered digital workplace transformation.
Tata Chemicals: N Chandrasekaran resigned as director and chairperson, effective May 29, and appointed S Padmanabhan as director and chairperson, effective May 30.
DLF: The company's arm incorporated a wholly-owned subsidiary in GIFT City, Gujarat.
Grasim Industries: The board meeting will be held to consider the issue of Non-Convertible Debentures on a private placement basis, in one or more tranches, subject to regulatory and statutory approvals as may be required.
LTIMindtree: Aramco Digital and Co launched NextEra, which is a Next-Gen IT services company in Saudi Arabia.
Adani Energy Solutions: The board will meet on May 31 to consider a proposal for raising funds.
Aurobindo Pharma: The company incorporated a step-down arm, Curateq Biologics B.V., in Netherlands.
Schaeffler India: The company inaugurated a plant in Shoolagiri, Tamil Nadu.
FSN E-Commerce: NCLT approved the Scheme of Amalgamation of its arm Iluminar Media with Nykaa Fashion.
Radico Khaitan: The company withdrew the ‘Trikal’ brand name for a new range of single-malt whiskey. The brand name had previously drawn criticism from religious quarters due to label on the bottle having a geometric face with circular pattern on the forehead.
Reliance Power: The arm received a letter of award from SJVN for the Solar and Battery Energy Storage System Project. The company to add 600 MW Of Solar DC Capacity & 700 MWh Of Battery Energy Storage System Capacity.
HG Infra: The company received a letter of intent from Gujarat Urja Vikas Nigam for 600 MWH battery energy storage order
Max Financial Services: Prashant Tripathy, managing director and CEO of Axis Max Life Insurance, the material subsidiary of the company, has expressed his desire to retire early from his position, effective end of the day September 30, 2025, to devote time to personal pursuits and priorities.
Rites: The company signed MoU with Shree Cement for development of rail infra & allied services.
Insider Trading
Supreme Industries: Promoter Jovial Investment and Trading Company bought 63,914 shares on May 26.
Asahi India Glass: Promoter Sanjay Labroo revoked a pledge for 8 lakh shares.
Usha Martin: Promoter Peterhouse Investments India sold 2.3 lakh shares.
Voltamp Transformers: Promoter Taral K. Patel sold 20,600 shares on May 26.
MTAR Technologies: Promoter P Kalpana Reddy sold 15,000 shares on May 27.
Trading Tweaks
Price Band change from 20% to 10%: IFCI
Shares to Exit-Lock In: Gandhar Oil Refinery
Ex-Dividend: Tata Consumer Products.
Securities in ban period: Nil.
Currency Update
The Indian rupee weakened by 3 paise to close at 85.37 against the US dollar on Wednesday, extending its fall for the second day, in comparison to its previous close of 85.33 on Tuesday.
Dow -245
Nasdaq -98
Dax -188
Nikkei +500
Hangseng +32
Gift Nifty +65 (24812)
Dowfut +500
Nasdaqfut +400
Crude Oil 65.11
Dollar Index 100.37
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 Industrial output growth dips to 2.7% in April, lowest in eight months
📝 Economists see global growth coming under strain; India story intact: WEF
📝 N Chandrasekaran to step down from Tata Chemicals; new Chairman appointed
📝 PayPal receives RBI nod to operate as cross-border payment aggregator
📝 IndiGo to launch first commercial flights from Navi Mumbai airport
📝 Practo expands to UAE, targets markets with large Indian diaspora
📝 Scoda Tubes IPO gets subscribed twice the offer size on Day 1 of share sale
📝 European businesses report record-low optimism in China: Survey
📝 Brazil sues China's BYD over worker trafficking, abuse at EV plant site
📝 Rooter revenue surges 120% to $10 mn in FY25 on strong commerce growth
📝 India's data centre sector may attract $20-25 bn in next 6 years: Colliers
📝 Opec+ to gather for quota review before key decision on July output
*Economic Times :*
📝 Cabinet hikes minimum support price of Kharif crops for 2025-26; ups paddy MSP by Rs 69 per quintal
📝 Nissan to invest €700 mn in India despite stake sale to Renault
📝 Power demand to grow at 6.5% CAGR over next 5 years: ICRA
📝 Cabinet gives nod to extend Modified Interest Subvention Scheme at 1.5% rate for FY26
📝 Agritech startup GROWiT raises $3 million in funding round led by GVFL
📝 Indel Money reports 52% growth in Assets Under Management and 10% profit increase
📝 Pernod Ricard to pass on price cut benefits to consumers after UK-India FTA
📝 Myntra secures Rs 1,063 crore funding from Singapore-based parent entity
📝 Microsoft, Yotta join hands to drive AI innovation in India
📝 ACME Solar commissions 1st phase of 26.4-MW wind energy project in Gujarat
📝 BC Jindal bags 150 MW round-the-clock project from SECI
*Mint :*
📝 BEML plans to develop light infantry vehicles, future-ready combat vehicles
📝 MSMEs must comply with quality standards, be more responsive: Consumer Affairs Secretary
📝 No plans to exit Indian market; company well entrenched in country: Nissan India MD
📝 Hero FinCorp gets Sebi approval to launch ₹3,668 crore IPO
📝 IndiGo appoints Vikram Singh Mehta as Chairman of Board
📝 Induslaw ties up with Europe's CMS as India opens legal sector to foreign firms
📝 Insolvency board revamps bankruptcy resolution reporting process
📝 PepsiCo India reports ₹884-cr profit in 2024 after shifting to calendar year
📝 TRAI initiates discussion on assignment of microwave spectrum in lower 6 GHz, E and V Bands
📝 Malabar Gold & Diamonds weighs entry into lab-grown diamond segment
📝 TCS CEO Krithivasans compensation rises 4.6 pc to ₹26.52 cr in FY25
BULK DEAL AS ON 28-05-2025
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+2 LK @ 267 EPITOME TRADING AND INVESTMENTS
+1.88 LK @ 256.07 MANSI SHARE AND STOCK ADVISORS PVT LTD
-1.84 LK @ 264.71 KSHITIJ PORTFOLIO PVT LTD
ISCITRUST
+20 LK @ 120 MOTILAL OSWAL FINVEST LIMITED
-20 LK @ 120 BARODA BNP PARIBAS MUTUAL FUND
BLOCK DEAL IN BIRLANU (HIL INDUSTRIES) 9.06 LK @ 2320.2 IN NSE
Bharat Bhushan Finance & Commodity Brokers Ltd
Right Issue of Equity Shares
Ex-date : 30 May 2025
Ujaas Energy Ltd
Bonus issue 17:25
Ex-date : 30 May 2025
Coforge Ltd
Stock Split From Rs.10/- to Rs.2/-
Ex-date : 04 Jun 2025
Shalibhadra Finance Ltd
Bonus issue 3:1
Ex-date : 04 Jun 2025
7NR Retail Ltd
Right Issue of Equity Shares
Ex-date : 09 Jun 2025
Vesuvius India Ltd
Stock Split From Rs.10/- to Rs.1/-
Ex-date : 10 Jun 2025
📝 Scoda Tubes IPO gets subscribed twice the offer size on Day 1 of share sale
📝 European businesses report record-low optimism in China: Survey
📝 Brazil sues China's BYD over worker trafficking, abuse at EV plant site
📝 Rooter revenue surges 120% to $10 mn in FY25 on strong commerce growth
📝 India's data centre sector may attract $20-25 bn in next 6 years: Colliers
📝 Opec+ to gather for quota review before key decision on July output
*Economic Times :*
📝 Cabinet hikes minimum support price of Kharif crops for 2025-26; ups paddy MSP by Rs 69 per quintal
📝 Nissan to invest €700 mn in India despite stake sale to Renault
📝 Power demand to grow at 6.5% CAGR over next 5 years: ICRA
📝 Cabinet gives nod to extend Modified Interest Subvention Scheme at 1.5% rate for FY26
📝 Agritech startup GROWiT raises $3 million in funding round led by GVFL
📝 Indel Money reports 52% growth in Assets Under Management and 10% profit increase
📝 Pernod Ricard to pass on price cut benefits to consumers after UK-India FTA
📝 Myntra secures Rs 1,063 crore funding from Singapore-based parent entity
📝 Microsoft, Yotta join hands to drive AI innovation in India
📝 ACME Solar commissions 1st phase of 26.4-MW wind energy project in Gujarat
📝 BC Jindal bags 150 MW round-the-clock project from SECI
*Mint :*
📝 BEML plans to develop light infantry vehicles, future-ready combat vehicles
📝 MSMEs must comply with quality standards, be more responsive: Consumer Affairs Secretary
📝 No plans to exit Indian market; company well entrenched in country: Nissan India MD
📝 Hero FinCorp gets Sebi approval to launch ₹3,668 crore IPO
📝 IndiGo appoints Vikram Singh Mehta as Chairman of Board
📝 Induslaw ties up with Europe's CMS as India opens legal sector to foreign firms
📝 Insolvency board revamps bankruptcy resolution reporting process
📝 PepsiCo India reports ₹884-cr profit in 2024 after shifting to calendar year
📝 TRAI initiates discussion on assignment of microwave spectrum in lower 6 GHz, E and V Bands
📝 Malabar Gold & Diamonds weighs entry into lab-grown diamond segment
📝 TCS CEO Krithivasans compensation rises 4.6 pc to ₹26.52 cr in FY25
BULK DEAL AS ON 28-05-2025
ADFFOODS
+16.85 LK @ 225 INFINITY CAPITAL
-16.86 LK @ 225 ABAKKUS EMERGING OPPORTUNITIES FUND 1
Belrise Industries Ltd
+48.85 LK @ 99.08 L7 HITECH PRIVATE LIMITED
Borana Weaves Limited
+2 LK @ 267 EPITOME TRADING AND INVESTMENTS
+1.88 LK @ 256.07 MANSI SHARE AND STOCK ADVISORS PVT LTD
-1.84 LK @ 264.71 KSHITIJ PORTFOLIO PVT LTD
ISCITRUST
+20 LK @ 120 MOTILAL OSWAL FINVEST LIMITED
-20 LK @ 120 BARODA BNP PARIBAS MUTUAL FUND
BLOCK DEAL IN BIRLANU (HIL INDUSTRIES) 9.06 LK @ 2320.2 IN NSE
Bharat Bhushan Finance & Commodity Brokers Ltd
Right Issue of Equity Shares
Ex-date : 30 May 2025
Ujaas Energy Ltd
Bonus issue 17:25
Ex-date : 30 May 2025
Coforge Ltd
Stock Split From Rs.10/- to Rs.2/-
Ex-date : 04 Jun 2025
Shalibhadra Finance Ltd
Bonus issue 3:1
Ex-date : 04 Jun 2025
7NR Retail Ltd
Right Issue of Equity Shares
Ex-date : 09 Jun 2025
Vesuvius India Ltd
Stock Split From Rs.10/- to Rs.1/-
Ex-date : 10 Jun 2025
1-2 Days Derivatives Call Book Partial Profits in BSOFT 26JUN 430 CE at 22.5-24, Target 27, Call initiated at 17.6 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang)
1-2 DAYS Technical Call Buy PAYTM above 866.7 with Stop Loss 850 Target 900 (ANALYST VIKAS). Visit our website for disclosure. (Nirmal Bang).