Uttam Galva Steels Limited
|
|
- Janel Thornton
- 5 years ago
- Views:
Transcription
1 Uttam Galva Steels Limited BUY CMP: Rs Date: 6 Jan,2010. Key Ratios: Particulars FY08 A FY09 A FY10E FY11E OPM(%) NPM(%) ROE(%) ROCE(%) P/BV(x) P/E(x) EV/EBDITA(x) Debt Equity(x) Key Data: Sector Steel Face Value wk. High/Low (Rs.) /25.30 Volume (2 wk. Avg.) 1.20 BSE Code V.S.R. Sastry Vice President Equity Research Desk vsrsastry@firstcallindiaequity.com Target Price: Market Cap: Rs mn. SYNOPSIS We initiated the coverage of Uttam Galva Steels Ltd and set a target price of Rs.133. for medium to long term gains. Uttam Galva Steels Limited is one of the largest manufacturers of cold rolled steel ("CR") and galvanized steel (GP) in Western India. The Company is into the business of procuring hot rolled steel ("HR") and processing it into CR and further into GP and Colour Coated Coils. The Company has expanded and modernized its operations at Khopoli which have increased its cold rolling capacity to 1million MT per annum The revenue of the company for the quarter ended on Sept 30 th decreased 19% YoY while profit increased 2% YoY. The topline of the company are expected to grow at a CAGR of 16% over 2008A to 2011E. Share Holding Pattern: Dr. V.V.L.N. Sastry Ph.D. Chief Research Officer drsastry@firstcallindia.com
2 Table of Content Investment Highlights... 3 Peer Group Comparison... 5 Financials... 9 Charts Outlook and Conclusion Industry Overview... 13
3 Investment Highlights Results Updates (Q2 FY10) The bottomline of the company for the quarter increased 2% yoy that is Rs mn from Rs mn of same period of last year. Total revenue for the second quarter stood at Rs mn from Rs which is 19% decreased than that of a year ago period. EPS for the quarter stood at Rs.1.82 per equity share of Rs each. Expenditure of the company decreased 22% YoY to Rs mn from Rs mn of same period of last year. Interest expenses for the quarter stood at Rs.388.4mn. OPM & NPM for the quarter stood at 9% and 2% respectively. Quarterly Results - Standalone (Rs in mn) As at Sep - 09 Sep - 08 %Change Net Sales (19) Net Profit Basic EPS Equity Capital
4 Uttam Galva to rope in Arcelor Mittal as co-promoter Uttam Galva Steels has announced that the board of the company has approved a copromotion agreement amongst the company, Arcelor Mittal Netherlands BV and the promoters of the company. Following the development, Arcelor Mittal Netherlands BV, part of the largest steel producer of the globe -- Arcelor Mittal -- will become a co-promoter of the Miglani familypromoted steel producer. The agreement contemplates that the Articles of Association (AoA) of the company would be amended to incorporate the rights and obligations of the parties in the agreement. Uttam Galva gets Bombay HC s approval for scheme of arrangement
5 Uttam Galva Steels has received a green signal from the Bombay High Court (HC) for the scheme of arrangement between Shree Uttam Steel and Power and the company on August 7, Apart from this, the HC, Goa Bench has also given its nod for the scheme on August 17, As per the scheme of arrangement, the power division of Shree Uttam Steel and Power will be demerged into the company. The proposal for the same was approved by the board of the company in January this year. Uttam Galva Bags All India Star Exporter Award Uttam Galva Steels Limited, India s leading manufacturer - exporter of value added steel, has bagged it s 13th consecutive All India Star Exporter award for Export Excellence from the Engineering Export Promotion Council (EEPC), Ministry of Commerce & Industry. Uttam Galva hikes product prices by Rs 2000 a tonne Uttam Galva Steels has decided to hike prices of its galvanized steel products by Rs 2,000 per tonne, effective from August 15. Apart from this, the company is also going to increase the prices of its cold-rolled products by equal proportion. The move follows sharp increase in the prices of Zinc, a key input used in the production of galvanized steel, on the London Metal Exchange (LME) by $400 per tonne to $1,900 level and scarcity of hot-rolled (HR) coil which is used as a raw material in cold-rolled products. Uttam Galva plans for capacity expansion Uttam Galva Steels is planning to invest Rs 400 crore for boosting its production capacity and for adding new product mix in the next one year. The investment will be funded through a mix of internal accruals and debt. The company is looking at adding value to its existing product mix and doubling the capacity of its service centre to 40,000 tonne a month. The company s steel service centre, located close to its plants in Khopoli, Maharashtra, has a production capacity of 20,000 tonnes presently. It is also setting up a captive power plant having a capacity of 60 MW near its steel plant for an investment of Rs 300 crore. Company Profile Uttam Galva Steels Limited is one of the largest manufacturers of cold rolled steel ("CR") and galvanized steel (GP) in Western India.
6 The Company is into the business of procuring hot rolled steel ("HR") and processing it into CR and further into GP and Colour Coated Coils. In Galvanized coils it specializes in making ultra thin sheets, which could be as low as 0.13mm thickness. The excess capacity of CR which is not used for galvanizing is converted to value added grades in Cold Rolled Closed Annealed ("CRCA") coils, cut to length sheets and also sold as Full Hard CR in the overseas markets. More than 50% of the Company's products are currently exported to over 142 countries worldwide and it has a customer base in many advanced markets such as Australia, France, Germany, Greece, UK and the USA to name a few. In the Indian market, the Company has established itself as a major player for the supply of CRCA to manufacturers of automobiles, white goods, general engineering and drums & barrels segment. The Company is also a large supplier of galvanized coils and sheets to the construction industry. In domestic market, the company has clientele namely Mahindra & Mahindra, Bajaj Auto, Bajaj Tempo, Piaggio TATA Motors, Godrej, Daewoo, Anchor, Bharat Heavy Electricals (BHEL), Larsen & Turbro, Compoton Greaves, Kirloskar Copeland etc. The Company's manufacturing facilities are located at Khopoli, in the state of Maharashtra, India, which are close to Nhava Sheva and Mumbai ports. This provides the Company with easy access to imports of HR coils and also for exporting its products. A close proximity to the ports gives the Company the advantage of lowering its transportation costs. The Company's domestic sales are also within the radius of 500 km from its manufacturing facilities to domestic companies. The Company has expanded and modernized its operations at Khopoli which have increased its cold rolling capacity to 1million MT per annum as of March The Company has also increased its GP capacity to 750,000 MT per annum as of March The Company has also added a new colour coated line (Uttam Spectrum) with a capacity of 90,000 MT per annum as of March Due to its high quality products and brand image in the market, the Company expects that its increased volumes will be easily absorbed into the domestic and export markets. The Company now has an entire range of cold rolling Reversible mills i.e. 20-Hi, 6-Hi, 4-Hi and newly commissioned twin stand 6-Hi mill. It is now in a position to process HR coils of different grades, thicknesses and widths and is able to meet virtually the entire thickness/width range of CR/GP/GC coils for various end-use sectors. A significant portion of the Company's CR coils and GP/GC, coils/sheets are in the higher value added thin gauge segment.
7 Business Division With two hundred and fifty acres of land and more than sq. meters of covered shed, Uttam Galva Steel plant is tucked between a hillock and a large lake in the beautiful surroundings of Western Region of India, near Kohopoli, which is 100 KMs away from the city of Mumbai, India. The plant has facility of cold rolling HR coils, with a capacity of 1,000, 000 Tons/Year and Galvanizing of Tons/Year. It does additional value addition of color coating on CR or Galvanized coils.all these facilities are also supported by a service center, which tailor makes the coils to customer requirements by slitting & cutting and by delivering sheets/ coils to customer specifications Coil Roll Mill- This unit includes one 4-hi mill, two 6-hi mills (One Twin Stand) and one 20 Hi mill which manufactures products having thickness ranging from 0.15mm to 2.5mm and a width up to 1650 mm. Galvanising Mills- Company s 1650mm Super Galvanising Line is the widest line in India. It manufactures products having thickness between 0.13mm to 3mm. Colour Coating Lines- Company s color coating line has installed capacity of 90,000 ton/year. Products
8 CR & CRCA o The Cutting Edge of Technology Galvanizing o Galvanized Plain Products (GP) o Galvanized Corrugated Products (GC) Color Coated Products o Prepainted Steel Peer Group Comparison Name of the company CMP (As on 6 Jan, 2010) Market Cap. (Rs. Mn.) EPS (Rs.) P/E (x) P/BV (x) Dividend(%) UTTAM GALVE STEEL LTD TATA STEEL MONNET ISPAT
9 JINDAL STEEL Key Concerns There exists threat with regard to short supply of raw material (mainly due to limited producers offering raw material) & non-tariff barriers like safe guard duties being considered to be imposed by Indian Government discouraging import of raw material at International price levels which is low compared to Domestic prices. Financials 12 Months Ended Profit & Loss Account (Standalone) Particulars FY 08 A FY 09 A FY 10 E FY11 E (Rs.Mn) 12m 12m 12m 12m Net Sales 31, , Other Income Total Income 31, , Expenditure -28, , Operating Profit 3, , Interest -1, , Gross Profit 1, , Depreciation Profit before Tax 1, , Tax Profit after Tax 1, ,
10 Extraordinary Items Net Profit 1, , Equity Capital 1, , , , Reserves 5, , , , EPS Quarterly Ended Profit & Loss Account (Standalone) Particulars Mar 09 A June 09 A Sep 09 A Dec 09 E (Rs.Mn) 3m 3m 3m 3m Net Sales 11, , , Other Income Total Income 11, , , Expenditure -10, , , Operating Profit 1, , , Interest Gross Profit Depreciation Profit before Tax Tax Profit after Tax Extraordinary Items Net Profit Equity Capital 1, , ,
11 EPS *A=Actual, E=Estimated Charts
12 Comparative Graph UTTAM GALVA STEEL BSE SENSEX
13 Outlook and Conclusion At the current market price of Rs , the stock trades at a P/E of 10.96x and 8.60x for FY10E and FY11E respectively. On the basis of EV/EBDITA, the stock trades at 3.69x and 3.36x for FY10E and FY11E respectively. Price to Book Value of the stock is expected to be at 1.49 and 1.27 respectively for FY10E and FY11E. The Net sales of the company are expected to grow at a CAGR of 16% over 2008 to 2011E. Uttam Galva Steels is planning to invest Rs 400 crore for boosting its production capacity and for adding new product mix in the next one year. The investment will be funded through a mix of internal accruals and debt. We expect that the company will keep its growth story in the coming quarters also. We recommend BUY in this particular scrip with a target price of Rs for Medium to Long Term Gains. Industry Overview The Indian steel industry entered into a new development stage from , resulting in India becoming the 5th largest producer of steel globally. Producing about 55 million tonnes (MT) of steel a year, today India accounts for a little over 7 per cent of the world's total production. India is the only country across the world to post a positive overall growth in crude steel production at 1.01 per cent for the January-March period of The recovery in steel production has been aided by the improved sales performance of steel companies. The steel sector grew by 5.3 per cent in May Significantly, state-owned steel maker, Steel Authority of India (SAIL), which reported a net profit of US$ 571 million in January-June 2009, has become the most profitable steel company globally, beating steel majors such as ArcelorMittal, Posco, Bao Steel and Nippon in the half yearly profits. Production Steel production reached million tonne (MT) in April-September Further, India, which recorded production of MT of steel during April-August 2009, is likely to emerge as
14 the world's third largest steel producer in the current year, according to Goutam Kumar Basak, Executive Secretary, Joint Plant Committee (JPC). The National Steel Policy has a target for taking steel production up to 110 MT by Nonetheless, with the current rate of ongoing greenfield and brownfield projects, the Ministry of Steel has projected India's steel capacity is expected to touch MT by In fact, based on the status of memoranda of understanding (MoUs) signed by the private producers with the various state governments, India's steel capacity is likely to be 293 MT by Consumption India accounts for around 5 per cent of the global steel consumption. Almost 70 per cent of the total steel used is for kitchenware. However, its use in railway coaches, wagons, airports, hotels and retail stores is growing immensely. India's steel consumption rose by 5.7 per cent to MT in the first six months of the current fiscal over the same period a year ago on account of improved demand from sectors like automobile and consumer durables. A Credit Suisse Group study states that India's steel consumption will continue to grow by 16 per cent annually till 2012, fuelled by demand for construction projects worth US$ 1 trillion. The scope for raising the total consumption of steel is huge, given that per capita steel consumption is only 35 kg compared to 150 kg across the world and 250 kg in China. Steel players like JSW Steel and Essar Steel are increasing their focus on opening up more retail outlets pan India with growth in domestic demand. JSW Steel currently has 50 such steel retail outlets called JSW Shoppe and is targetting to increase it to 200 by March They expect at least per cent of their total production to be sold by their retail outlets. Essar Steel which currently has over 300 retail outlets across the country, plans to set up 5,000 outlets of various formats soon. It expects to sell 3MT of steel through the retail route in two years. Exports Out of India's annual iron ore production of more than 200 MT, about 50 per cent is exported. Iron ore exports increased 17 per cent to 12.6 MT in February 2009 from 10.8 MT in the same month a year ago, owing to a moderate revival in demand from Chinese steel producers, as per the latest data compiled by a group of top Indian mining firms.
15 Earlier, according to a study, with the rise in demand for steel in China, India's iron ore exports went up by 38 per cent to reach 13.6 MT in December 2008 against 9.8 MT in December Around per cent of India s iron ore is exported to China. Disclaimer: This document prepared by our research analysts does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable but we do not represent that it is accurate or complete and it should not be relied on as such. Firstcall India Equity Advisors Pvt. Ltd. or any of it s affiliates shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. This document is provide for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision.
16 Firstcall India Equity Research: B. Harikrishna Banking & Financial Services B. Prathap IT C.V.S.L.Kameswari Pharma U. Janaki Rao Capital Goods; Real & Infra D.Asha Kiran Kumar Auto E. Swethalatha Oil & Gas A.Rajesh FMCG Rachna Twari Diversified Kavita Singh Diversified Nimesh Gada Diversified Priya Shetty Diversified Tarang Pawar Diversified Neelam Dubey Diversified Firstcall India also provides Firstcall India Equity Advisors Pvt.Ltd focuses on, IPO s, QIP s, F.P.O s,takeoveroffers, Offer for Sale and Buy Back Offerings. Corporate Finance Offerings include Foreign Currency Loan Syndications,Placement of Equity / Debt with multilateral organizations, Short Term Funds Management Debt & Equity, Working Capital Limits, Equity & DebtSyndications and Structured Deals. Corporate Advisory Offerings include Mergers & Acquisitions(domestic and cross-border), divestitures, spin-offs, valuation of business, corporate restructuring-capital and Debt, Turnkey Corporate Revival Planning & Execution, Project Financing, Venture capital, Private Equity and Financial Joint Ventures Firstcall India also provides Financial Advisory services with respect to raising of capital through FCCBs, GDRs, ADRs and listing of the same on International Stock Exchanges namely AIMs, Luxembourg, Singapore Stock Exchanges and other international stock exchanges. For Further Details Contact: 3rd Floor,Sankalp,The Bureau,Dr.R.C.Marg,Chembur,Mumbai Tel. : / / Telefax : info@firstcallindiaequity.com
Apollo Tyres Limited BUY. V.S.R. Sastry Vice President Equity Research Desk
Apollo Tyres Limited BUY CMP: Rs.54.80 Date: February 15, 2010 Target Price: Rs.65.00 Market Cap. : Rs.27624.13mn. Key Ratios: Particulars FY09 (12 m) FY10E (12 m) FY11E (12 m) OPM (%) 8 16 16 NPM (%)
More informationACC LIMITED (ASSOCIATED CEMENT COMPANIES)
ACC LIMITED (ASSOCIATED CEMENT COMPANIES) BUY CMP: Rs.730.10 Date: 18 Nov,2009 Key Ratios: Particulars CY07 A CY08A CY09E CY10E OPM(%) 29 25 33 32 NPM(%) 20 14 20 19 ROE(%) 34 23 26 22 ROCE(%) 38 31 36
More informationBUY SYNOPSIS. NORTH EASTERN CARRYING CORPORATION LTD Result Update (PARENT BASIS): Q1 FY15. CMP Target Price SEPTEMBER 12 th 2014
BUY CMP 82.30 Target Price 92.00 NORTH EASTERN CARRYING CORPORATION LTD Result Update (PARENT BASIS): Q1 FY15 SEPTEMBER 12 th 2014 ISIN: INE553C01016 Index Details Stock Data Sector Transportation - Logistics
More informationSagar Cements Limited
Sagar Cements Limited BUY CMP: Rs.201.25. Date: 12 Jan,2010. Key Ratios: Particulars FY08 A FY09 A FY10E FY11E OPM(%) 26 20 24 24 NPM(%) 14 5 9 8 ROE(%) 30 9 20 19 ROCE(%) 17 9 20 19 P/BV(x) 2.05 0.98
More informationRajinder Miglani CMD Uttam Galva Steels Ltd
Mittal enters India Becomes co-promoter of Uttam Galva Steels Ltd. - Steelworld Research Team Rajinder Miglani CMD Uttam Galva Steels Ltd Lakshmi N. Mittal Chairman and CEO ArcelorMittal n a deal that
More informationDALMIA CEMENT (BHARAT) LIMITED
DALMIA CEMENT (BHARAT) LIMITED BUY CMP: Rs.147.00 Date: 1 December,2009 Key Ratios: Particulars FY08 A FY09 A FY10E FY11E OPM(%) 43 28 27 27 NPM(%) 23 9 9 10 ROE(%) 32 13 14 15 ROCE(%) 21 11 12 12 P/BV(x)
More informationMRF Limited BUY. V.S.R. Sastry Vice President Equity Research Desk
MRF Limited BUY CMP: Rs.6040.00 Date: January 22 nd, 2010 Key Ratios: Particulars FY08 (12 m) FY09E (12 m) FY10E (12 m) OPM (%) 13 13 13 NPM (%) 4 5 5 ROE (%) 19 18 17 ROCE (%) 19 19 18 P/BV(x) 1.88 1.54
More informationTHERMAX LTD. Result Update: Q2 FY 12. C.M.P : Rs Target Price : Rs Date : 03 rd Nov 2011 BUY
THERMAX LTD Result Update: Q2 FY 12 C.M.P : Rs.492.00 Target Price : Rs.556.00 Date : 03 rd Nov 2011 BUY Stock Data: Sector: Capital Goods Face Value Rs. Rs.2.00 52 wk. High/Low (Rs.) 926.90/407.05 Volume
More informationZee Entertainment Enterprises Ltd (ZEE)
Zee Entertainment Enterprises Ltd (ZEE) HOLD CMP: Rs.260.00 Date: December 04, 2009 Key Ratios: Particulars FY09 FY10E FY11E OPM (%) 32 34 35 NPM (%) 24 20 21 ROE (%) 22 16 15 ROCE (%) 25 23 22 P/BV(x)
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 493.10 Target Price 542.00 RELIANCE INDUSTRIAL INFRASTRUCTURE LTD Result Update(PARENT BASIS): Q2 FY15 OCTOBER 16 th 2014 ISIN: INE046A01015 Index Details Stock Data Sector Construction & Engineering
More informationF I R S T C A L L BUY R E S E A R C H. 3M India Ltd SYNOPSIS. Dec 23 nd, Year Comparative Graph
C.M.P: Rs.3555.00 1 Year Comparative Graph Stock Data Sector 3M India Ltd 3M India Ltd Diversified Face Value Rs. 10.00 52 wk. High/Low (Rs.) 4250.95/1775.00 Volume (2 wk. Avg.) 879000 BSE Code 523395
More informationBharat Forge Limited
Bharat Forge Limited HOLD CMP: Rs.275.00 Date: November 18, 2009 Key Ratios: Particulars FY09 FY10E FY11E OPM (%) 20 25 26 NPM (%) 5 6 7 ROE (%) 7 7 8 ROCE (%) 17 17 18 P/BV(x) 4.12 3.83 3.53 P/E(x) 59.39
More informationBUY. SINGER INDIA LIMITED Result Update (PARENT BASIS): Q4 FY (June-2014) SYNOPSIS. CMP Target Price SEPTEMBER 20 th,2014
BUY CMP 172.75 Target Price 197.00 SINGER INDIA LIMITED Result Update (PARENT BASIS): Q4 FY (June-2014) SEPTEMBER 20 th,2014 ISIN: INE638A01027 Index Details Stock Data Sector Industrial Machinery BSE
More informationPETRONET LNG LIMITED. HOLD Target price : Rs 86 SYNOPSIS
PETRONET LNG LIMITED HOLD Target price : Rs 86 CMP: Rs.75.40 Market Cap: Rs.56550mn. Date: 6 Feb,2010. Key Ratios: Particulars FY09 A FY10E FY11E OPM(%) 12 9 10 PAT(%) 6 4 4 ROE(%) 26 17 18 ROCE(%) 21
More informationBritannia Industries Ltd
Britannia Industries Ltd BUY CMP: Rs.1660.00 Date: December 11, 2009 Key Ratios: Particulars FY09 FY10E FY11E OPM (%) 8.88 8.89 8.94 NPM (%) 5.77 6.27 6.31 ROE (%) 21.88 20.42 18.44 ROCE (%) 28.74 24.65
More informationAmara Raja Batteries Limited
Amara Raja Batteries Limited BUY CMP: Rs. 161.00 Date: December 11 th, 2009. Key Ratios: Particulars FY09 (12 m) FY10E (12 m) FY11E (12 m) OPM (%) 13 23 23 NPM (%) 6 12 13 ROE (%) 20 31 26 ROCE (%) 20
More informationSurya Roshni Limited. SYNOPSIS We initiated the coverage of Surya Roshni Ltd and set a target price of Rs BUY
Surya Roshni Limited BUY CMP: Rs.86.25 Date: January 18 th, 2010. Key Ratios: Particulars FY09 (12 m) FY10E (12 m) FY11E (12 m) OPM (%) 6 5 5 NPM (%) 1 1 1 ROE (%) 11 11 12 ROCE (%) 12 12 13 P/BV(x) 1.14
More informationF I R S T C A L L BUY R E S E A R C H VESUVIUS INDIA LTD SYNOPSIS
C.M.P: Rs.300.00 1 Year Comparative Graph Stock Data Sector Vesuvius India Ltd Face Value(Rs) 10.00 Capital Goods 52 wk. High/Low (Rs.) 328.30/147.55 Volume (2 wk. Avg.) 4860 BSE Code 520113 Market Cap(Rs
More informationSYNOPSIS. C.M.P: Rs Target Price: Rs Date: July 16 th 2011 BUY
SUDARSHAN CHEMICAL INDUSTRIES LTD Result Update: Q4 FY 11 C.M.P: Rs. 760.00 Target Price: Rs. 859.00 Date: July 16 th 2011 BUY Stock Data: Sector: Specialty Chemicals Face Value Rs. 10.00 52 wk. High/Low
More informationMonnet Ispat SYNOPSIS. Target Price: Rs Date: Sep 30 th 2011 BUY
Monnet Ispat Ltd Result Update: Q1 FY 12 C.M.P: Rs.490.00 Target Price: Rs.559.00 Date: Sep 30 th 2011 BUY Stock Data: Sector: Steel Face Value Rs. 10.00 52 wk. High/Low (Rs.) 682.00/449.00 Volume (2 wk.
More informationBUY APOLLO TYRES LTD. Highlights. CMP Target Price AUGUST 22 nd, Result Update (PARENT BASIS): Q1 FY15 ISIN: INE438A01022
BUY CMP 169.95 Target Price 204.00 APOLLO TYRES LIMITED Result Update (PARENT BASIS): Q1 FY15 AUGUST 22 nd, 2014 ISIN: INE438A01022 Stock Data Sector Tyres & Tubes BSE Code 500877 Face Value 1.00 52wk.
More informationHOLD KOTAK MAHINDRA BANK LTD. Highlights. STANDALONE Result Update: Q3 FY14. CMP Target Price JAN. 29 th, 2014
HOLD CMP 672.00 Target Price 690.00 KOTAK MAHINDRA BANK LTD. STANDALONE Result Update: Q3 FY14 JAN. 29 th, 2014 ISIN: INE237A01028 Stock Data Sector Banking BSE Code 500247 Face Value / Div. Per Share
More informationBUY. BAJAJ CORP LIMITED Result Update: Q1 FY14. CMP (Rs) Target Price (Rs) AUGUST 10 th, 2013 HIGHLIGHTS
BUY CMP (Rs) 243.00 Target Price (Rs) 268.00 BAJAJ CORP LIMITED Result Update: Q1 FY14 AUGUST 10 th, 2013 ISIN: INE933K01021 Stock Data Sector FMCG BSE Code 533229 Face Value 1.00 52wk. High / Low (Rs.)
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 412.60 Target Price 454.00 BHARAT FORGE LTD Result Update: Q3 FY14 MARCH 26 th 2014 ISIN: INE465A01025 Index Details Stock Data Sector Industrial Products BSE Code 500493 Face Value 2.00 52wk.
More informationBUY. VIJAYA BANK LTD Result Update: Q2 FY14. CMP Target Price DECEMBER 6 th Highlights
BUY CMP 39.55 Target Price 60.00 VIJAYA BANK LTD Result Update: Q2 FY14 DECEMBER 6 th 2013 ISIN: INE705A01016 Index Details Stock Data Sector Banking BSE Code 532401 Face Value 10.00 52wk. High / Low (Rs.)
More informationBUY RELAXO FOOTWEARS LTD. SYNOPSIS. CMP Target Price DECEMBER 16 th Result Update: Q2 FY14 ISIN: INE131B01039
BUY CMP 191.30 Target Price 210.00 RELAXO FOOTWEARS LTD Result Update: Q2 FY14 DECEMBER 16 th 2013 ISIN: INE131B01039 Index Details Stock Data Sector Footwear BSE Code 530517 Face Value 1.00 52wk. High
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 407.00 Target Price 455.00 GALLANTT ISPAT LIMITED Result Update (PARENT BASIS): Q3 FY15 APRIL 18 th 2015 ISIN: INE528K01011 Index Details Stock Data Sector Iron & steel BSE Code 533265 Face Value
More informationSURANA INDUSTRIES LTD
SURANA INDUSTRIES LTD Result Update: Q3 FY 11 C.M.P: Rs.320.00 Target Price: Rs.370.00 Date: 19 th April 2011 BUY Stock Data: Sector: Steel Face Value Rs. Rs.10.00 52 wk. High/Low (Rs.) 330.00/215.50 Volume
More informationF I R S T C A L L BUY R E S E A R C H. Maharastra Seamless Ltd SYNOPSIS. Nov 4 th, Year Comparative Graph
C.M.P: Rs.423.10 Stock Data Sector Maharashtra Seamless Ltd 1 Year Comparative Graph Maharastra Seamless Ltd Construction & Engineering Face Value Rs. 5.00 52 wk. High/Low (Rs.) 455.00/309.00 Volume (2
More informationZodiac Clothing Company Ltd (ZCCL)
Zodiac Clothing Company Ltd (ZCCL) BUY CMP: Rs.426.00 Rs.3574.14mn. Key Ratios: Particulars FY09 FY10E FY11E OPM (%) 10.34 14.37 14.39 NPM (%) 5.35 7.98 7.97 ROE (%) 12.85 16.77 15.32 ROCE (%) 17.64 22.66
More informationC.M.P: Rs.94.40 Stock Data Sector Oil & Gas Face Value(Rs) 10.00 GUJARAT STATE PETRONET LTD 1 Year Comparative Graph GUJARAT STATE PETRO 52 wk. High/Low (Rs.) 104.00/46.65 Volume (2 wk. Avg.) 343000 BSE
More informationAshok Leyland Limited
Ashok Leyland Limited NEUTRAL CMP: Rs.51.00 Date: November 06, 2009 Market Cap. : Rs.67847.34mn. Key Ratios: Particulars FY09 (12 m) FY10E (12 m) FY11E (12 m) OPM (%) 8 11 12 NPM (%) 3 5 6 ROE (%) 9 14
More informationF I R S T C A L L BUY R E S E A R C H. YES Bank Ltd
Stock Data Sector YES Bank Ltd C.M.P: Target Price: Rs.329.90 Rs. 379.00 1 Year Comparative Graph YES Bank Banking Face Value (Rs.) 10.00 52 wk. High/Low (Rs.) 388.00/223.00 Volume (2 wk. Avg.) 586000
More informationBUY. STATE BANK OF INDIA STANDALONE Result Update: Q2 FY14. DEC. 4 th, CMP Target Price Highlights
BUY CMP 1816.00 Target Price 1920.00 STATE BANK OF INDIA STANDALONE Result Update: Q2 FY14 DEC. 4 th, 2013 ISIN: INE062A01012 Stock Data Sector Banking BSE Code 500112 Face Value / Div. Per Share 10.00
More informationSyndicate Bank SYNOPSIS. Target Price: Rs Date: November 11, Share Holding Pattern:
Syndicate Bank BUY CMP: Rs.90.00 Date: November 11, 2009 Key Ratios: Particulars FY09 FY10E FY11E OPM(%) 18.23 20.13 20.97 PAT Margin(%) 9.53 9.57 10.32 ROE(%) 19.86 18.00 17.59 ROCE(%) 1.42 1.57 1.62
More informationBharat Electronics Ltd Result Update: Q2 FY 12
Bharat Electronics Ltd Result Update: Q2 FY 12 C.M.P: Rs. 1512.00 Target Price: Rs. 1738.00 Date: Jan. 12 th 2012 BUY Stock Data: Sector: Defence Face Value Rs. 10.00 52 wk. High/Low (Rs.) 1887.90/1293.00
More informationF I R S T C A L L BUY R E S E A R C H JINDAL STEEL & POWER LTD
C.M.P: Rs.686.60 Stock Data Sector Face Value(Rs) JINDAL STEEL & POWER LTD 1 Year Comparative Graph Jindal Steel & Power Ltd Steel Rs.1.00 52 wk. High/Low (Rs.) Rs.755.25/550.00 Volume (2 wk. Avg.) 61000
More informationJyothy Laboratories Ltd (JLL)
Jyothy Laboratories Ltd (JLL) BUY CMP: Rs.175.00 Date: February 16, 2010 Key Ratios: Particulars FY09* FY10E FY11E OPM (%) 16 19 19 NPM (%) 11 14 14 ROE (%) 12 18 18 ROCE (%) 20 28 27 P/BV(x) 3.86 3.16
More informationPFIZER LIMITED Result Update (PARENT BASIS): Q1 FY15
PFIZER LIMITED Result Update (PARENT BASIS): Q1 FY15 ISIN: INE182A01018 SEPTEMBER 29 th,2014 Recommendation BUY CMP 1634.05 Target Price 1797.00 STOCK DETAILS Sector BSE Code 500680 Face Value 10.00 Pharmaceuticals
More informationTTK Prestige Ltd Result Update: Q3 FY 12
TTK Prestige Ltd Result Update: Q3 FY 12 C.M.P: Rs. 2373.00 Target Price: Rs. 2681.00 Date: Jan 23 rd, 2012 BUY Stock Data: Sector: Consumer Durables Face Value Rs. 10.00 52 wk. High/Low (Rs.) 3200.00/1376.05
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 43.05 Target Price 50.00 KAMDHENU ISPAT LTD Result Update (PARENT BASIS): Q3 FY15 APRIL 4 th 2015 ISIN: INE390H01012 Index Details Stock Data Sector Iron & Steel/Interm.Products BSE Code 532741
More informationBUY. Highlights. CMP Target Price SEPTEMBER 2 nd Result Update (PARENT BASIS): Q1 FY15
BUY CMP 994.50 Target Price 1114.00 WIM PLAST LTD Result Update (PARENT BASIS): Q1 FY15 SEPTEMBER 2 nd 2014 ISIN: INE015B01018 Index Details Stock Data Sector Plastic Products BSE Code 526586 Face Value
More informationThe company s current order book stands at Rs16.00 billion, which will get executed within this financial year.
EQUITY RESEARCH INDIA Market Cap Rs.8798.16 mn Steel-Tubes/Pipes CMP: Rs.168.00 (As on 26 th Dec, 2009) 26 th December, 2009 BUY Target price: Rs.200.00 (For Medium to Long term) PSL Limited We initiated
More informationSundaram Finance Ltd Result Update: Q4 FY 12
Sundaram Finance Ltd Result Update: Q4 FY 12 C.M.P: Rs. 667.30 Target Price: Rs. 761.00 Date: Jun 11 th 2012 BUY Stock Data: Sector: Financial Services Face Value Rs. 10.00 52 wk. High/Low (Rs.) 769.00/420.00
More informationAsian Paints Ltd Result Update: Q1 FY 12
Asian Paints Ltd Result Update: Q1 FY 12 C.M.P: Rs. 3290.00 Target Price: Rs. 3717.00 Date: Sep. 05 th 2011 BUY Stock Data: Sector: Paints Face Value Rs. 10.00 52 wk. High/Low (Rs.) 3365.95/2366.00 Volume
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 1025.45 Target Price 1160.00 INDO COUNT INDUSTRIES LTD Result Update (PARENT BASIS): Q2 FY16 DECEMBER 1 st 2015 ISIN: INE483B01018 Index Details Stock Data Sector Textiles BSE Code 521016 Face
More informationShree Renuka Sugars Limited
Shree Renuka Sugars Limited BUY CMP: Rs.180.00 Date: February 23, 2010 Key Ratios: Particulars FY09 (12 m) FY10E (12 m) FY11E (12 m) OPM (%) 17 20 20 NPM (%) 8 12 12 ROE (%) 15 29 24 ROCE (%) 14 26 23
More informationJSW STEEL LTD. Result Update: Q1 FY 12. C.M.P : Rs Target Price : Rs Date : 03 rd Sep 2011 BUY. Share Holding Pattern
JSW STEEL LTD Result Update: Q1 FY 12 C.M.P : Rs.720.00 Target Price : Rs.814.00 Date : 03 rd Sep 2011 BUY Stock Data: Sector: Steel Face Value Rs. Rs.10.00 52 wk. High/Low (Rs.) 1400.00/594.65 Volume
More informationUnity Infraprojects Ltd
Unity Infraprojects Ltd BUY CMP: Rs.585.00 Date: 12 th March, 2010 Key Ratios: Particulars FY09 FY10E FY11E OPM (%) 14.12 14.37 13.70 NPM (%) 6.15 6.23 6.20 ROE (%) 16.65 17.53 17.31 ROCE (%) 16.17 18.33
More informationHERITAGE FOODS LTD. Result Update: Q1 FY14
Index Details INE978A01019 Stock Data CMP 215.60 Target Price 235.00 Sector Packaged Foods BSE Code 519552 Face Value 10.00 52wk. High / Low (Rs.) 284.88/138.68 Volume (2wk. Avg.) 1165 Market Cap (Rs.
More informationPeer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
HOLD CMP 380.35 Target Price 417.00 INDUSIND BANK LIMITED Result Update: Q1 FY14 30 th JULY 2013 ISIN: INE095A01012 Index Details Stock Data Sector Banking BSE Code 532187 Face Value 10.00 52wk. High /
More informationGlaxo Smith Kline Pharmaceuticals Limited
Glaxo Smith Kline Pharmaceuticals Limited BUY CMP: Rs.1585.00 Date: November 11, 2009 Key Ratios: Particulars CY08 (12 m) CY09E (12 m) CY10E (12 m) OPM (%) 37 40 40 NPM (%) 27 28 28 ROE (%) 29 26 22 ROCE
More informationBUY. FEDERAL BANK LTD. STANDALONE Result Update: Q2 FY14. OCT. 22 nd, CMP Target Price SYNOPSIS.
BUY CMP 79.00 Target Price 90.00 FEDERAL BANK LTD. STANDALONE Result Update: Q2 FY14 OCT. 22 nd, 2013 ISIN: INE171A01011 Stock Data Sector Banking BSE Code 500469 Face Value 2.00 52wk. High / Low (Rs.)
More informationDISHMAN PHARAMACEUTICALS & CHEMICALS
DISHMAN PHARAMACEUTICALS & CHEMICALS HOLD CMP: Rs.216.00 Date: Nov 21, 2009 Key Ratios: Particulars FY09 FY10E FY11E OPM(%) 25 25 25 PAT Margin(%) 14 13 14 ROE(%) 12 10 11 ROCE(%) 21 20 21 P/BV(x) 1.40
More informationHindustan Composites Limited
Hindustan Composites Limited BUY CMP: Rs. 353.05 Date: December 15 th, 2009. Key Ratios: Particulars FY09 (12 m) FY10E (12 m) FY11E (12 m) OPM (%) 10 9 10 NPM (%) 1 2 3 ROE (%) 2 9 11 ROCE (%) 10 11 12
More informationTTK Prestige SYNOPSIS. C.M.P: Rs Target Price: Rs Date: Oct 15 th 2011 BUY
TTK Prestige Ltd Result Update: Q2 FY 12 C.M.P: Rs. 2833.50 Target Price: Rs. 3201.00 Date: Oct 15 th 2011 BUY Stock Data: Sector: Consumer Durables Face Value Rs. 10.00 52 wk. High/Low (Rs.) 3200.00/1101.00
More informationAurobindo Pharma Ltd
Aurobindo Pharma Ltd BUY CMP: Rs.892.00 Date: February 01, 2010 Key Ratios: Particulars FY09 FY10E FY11E OPM (%) 10.5 27.6 26.5 NPM (%) 4.5 17.0 16.7 ROE (%) 9.5 29.5 24.1 ROCE (%) 6.2 19.6 17.6 P/BV(x)
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 191.60 Target Price 220.00 SESHASAYEE PAPER & BOARDS LTD Result Update (PARENT BASIS): Q3 FY15 APRIL 8 th, 2015 ISIN: INE630A01016 Index Details Stock Data Sector Paper & Paper Products BSE Code
More informationCOLGATE-PALMOLIVE (INDIA) LTD Result Update (PARENT BASIS): Q1 FY15
COLGATE-PALMOLIVE (INDIA) LTD Result Update (PARENT BASIS): Q1 FY15 ISIN: INE259A01022 OCTOBER 1 st, 2014 STOCK DETAILS Sector FMCG BSE Code 500830 Face Value 1.00 52wk. High / Low (Rs.) 1767.30/1219.00
More informationF I R S T C A L L BUY R E S E A R C H AVENTIS PHARMA LTD
C.M.P: Rs.1806.00 Stock Data Sector AVENTIS PHARMA LTD 1 Year Comparative Graph Pharmaceuticals Face Value (Rs.) 10.00 52 wk. High/Low (Rs.) 2059.00/1474.00 Volume (2 wk. Avg.) 1265 BSE Code 500674 Market
More informationPeer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 16.50 Target Price 18.00 ANKIT METAL & POWER LIMITED Result Update: Q3 FY13 MAR 8 th, 2013 ISIN: INE106I01010 Stock Data Sector Iron & Steel BSE Code 532870 Face Value 10.00 52wk. High / Low (Rs.)
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 1750.50 Target Price 1995.00 BAJAJ FINSERV LIMITED (CONSOLIDATED) Result Update: Q1 FY16 SEPTEMBER 26 th, 2015 ISIN: INE918I01018 Index Details Stock Data Sector Financial Services BSE Code 532978
More informationBUY. LA OPALA RG LIMITED Result Update: Q2 FY14 SYNOPSIS. CMP Target Price DECEMBER 31 st 2013 ISIN: INE059D01012
BUY CMP 600.00 Target Price 670.00 LA OPALA RG LIMITED Result Update: Q2 FY14 DECEMBER 31 st 2013 ISIN: INE059D01012 Index Details Stock Data Sector Houseware BSE Code 526947 Face Value 10.00 52wk. High
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 244.05 Target Price 280.00 KALPATARU POWER TRANSMISSION LTD. Result Update (PARENT BASIS): Q3 FY15 March 2 nd 2015 ISIN: INE220B01022 Index Details Stock Data Sector Heavy Electrical Equipment
More informationClutch Auto Ltd SYNOPSIS. Target Price: Rs Date: January 18, 2010
Clutch Auto Ltd BUY CMP: Rs.81.70 Date: January 18, 2010 Key Ratios: Particulars FY09A FY10E FY11E OPM (%) 13.47 16.50 16.00 NPM (%) 2.53 3.86 3.97 ROE (%) 4.13 7.03 7.67 ROCE (%) 7.60 9.26 9.29 P/BV(x)
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND. Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 129.45 Target Price 148.00 HINDUSTAN ZINC LIMITED Result Update: Q3 FY14 JANUARY 20 th 2014 ISIN: INE267A01025 Index Details Stock Data Sector Metals (Zinc) BSE Code 500188 Face Value 2.00 52wk.
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 228.50 Target Price 263.00 SHAKTI PUMPS (INDIA) LTD Result Update (PARENT BASIS): Q3 FY15 JANUARY 27 th 2015 ISIN: INE908D01010 Index Details Stock Data Sector Industrial Machinery BSE Code 531431
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 85.15 Target Price 98.00 PATEL INTEGRATED LOGISTICS LTD Result Update (PARENT BASIS): Q4 FY15 JULY 1 st 2015 ISIN: INE529D01014 Index Details Stock Data Sector Surface Transportation BSE Code 526381
More informationBUY. KDDL LTD Result Update (PARENT BASIS): Q1 FY16 SYNOPSIS. CMP Target Price AUGUST 22 nd 2015 ISIN: INE291D01011
BUY CMP 280.10 Target Price 322.00 KDDL LTD Result Update (PARENT BASIS): Q1 FY16 AUGUST 22 nd 2015 ISIN: INE291D01011 Index Details Stock Data Sector Other Apparels & Accessories BSE Code 532054 Face
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 19.00 Target Price 25.00 NHPC LIMITED Result Update: Q1 FY14 SEPTEMBER 20 th 2013 ISIN: INE848E01016 Index Details Stock Data Sector Power BSE Code 533098 Face Value 10.00 52wk. High / Low (Rs.)
More informationAlok Industries Ltd
SRF LTD Result Update: Q1 FY 12 C.M.P : Rs.315.00 Target Price : Rs.356.00 Date : 21 th Sep 2011 BUY Stock Data: Sector: Textiles Face Value Rs. Rs.10.00 52 wk. High/Low (Rs.) 444.30/267.00 Volume (2 wk.
More informationBUY. CAMLIN FINE SCIENCES LTD Result Update (PARENT BASIS): Q1 FY15. CMP Target Price AUGUST 28 th 2014 SYNOPSIS
BUY CMP 117.00 Target Price 135.00 CAMLIN FINE SCIENCES LTD Result Update (PARENT BASIS): Q1 FY15 AUGUST 28 th 2014 ISIN: INE052I01024 Index Details Stock Data Sector Specialty Chemicals BSE Code 532834
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 2125.00 Target Price 2330.00 CERA SANITARYWARE LTD Result Update (PARENT BASIS): Q1 FY16 JULY 15 th 2015 ISIN: INE739E01017 Index Details Stock Data Sector Furniture & Furnishing BSE Code 532443
More informationESS DEE ALUMINIUM LTD
ESS DEE ALUMINIUM LTD Result Update: Q3 FY 11 C.M.P : Rs.480.00 Target Price : Rs. 547.00 Date :27 th April 2011 BUY Stock Data: Sector: Face Value Rs. Aluminium Rs.10.00 52 wk. High/Low (Rs.) 534.90/379.00
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 212.10 Target Price 242.00 MUTHOOT CAPITAL SERVICES LTD. Result Update (PARENT BASIS): Q2 FY15 DECEMBER 6 th 2014 ISIN: INE296G01013 Index Details Stock Data Sector FINANCE (NBFC) BSE Code 511766
More informationBUY. IFB AGRO INDUSTRIES LTD Result Update (PARENT BASIS): Q1 FY16. CMP Target Price SEPTEMBER 30 th 2015 SYNOPSIS
BUY CMP 382.00 Target Price 440.00 IFB AGRO INDUSTRIES LTD Result Update (PARENT BASIS): Q1 FY16 SEPTEMBER 30 th 2015 ISIN: INE076C01018 Index Details Stock Data Sector Breweries & Distilleries BSE Code
More informationBUY. HSIL LTD Result Update(PARENT BASIS): Q2 FY15. CMP Target Price DECEMBER 4 th 2014 SYNOPSIS
BUY CMP 367.10 Target Price 415.00 HSIL LTD Result Update(PARENT BASIS): Q2 FY15 DECEMBER 4 th 2014 ISIN: INE415A01038 Stock Details Stock Data Sector Containers & Packaging BSE Code 500187 Face Value
More informationPROCTER & GAMBLE HYGIENE & HEALTH CARE LTD Result Update (PARENT BASIS): Q4 FY15
PROCTER & GAMBLE HYGIENE & HEALTH CARE LTD Result Update (PARENT BASIS): Q4 FY15 ISIN: INE179A01014 OCTOBER 5 th 2015 STOCK DETAILS Sector FMCG BSE Code 500459 Face Value 10.00 52wk. High / Low (Rs.) 7435.00/5144.40
More informationSUNDARAM FINANCE LTD. Result Update (PARENT BASIS): Q4 FY14 SYNOPSIS. Recommendation BUY CMP Target Price
SUNDARAM FINANCE LIMITED Result Update (PARENT BASIS): Q4 FY14 ISIN: INE660A01013 MAY 30 th, 2014 STOCK DETAILS Sector Financial Services BSE Code 590071 Face Value 10.00 52wk. High / Low (Rs.) 899.45/463.10
More informationBUY INDAG RUBBER SYNOPSIS
INDAG RUBBER LTD Result Update: Q4 FY 12 C.M.P: Rs. 208.00 Target Price: Rs. 239.00 Date: May. 8 th 2012 BUY Stock Data: Sector: Auto Component Face Value Rs. 10.00 52 wk. High/Low (Rs.) 238.00/82.00 Volume
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 167.60 Target Price 184.00 DALMIA BHARAT LTD Result Update: Q2 FY14 DECEMBER 31 st 2013 ISIN: INE439L01019 Index Details Stock Data Sector Cement BSE Code 533309 Face Value 2.00 52wk. High / Low
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 6847.80 Target Price 7540.00 WABCO INDIA LTD Result Update (PARENT BASIS): Q1 FY16 OCTOBER 7 th 2015 ISIN: INE342J01019 Index Details Stock Data Sector Auto Parts & Equipment BSE Code 533023 Face
More informationBUY SIMPLEX INFRASTRUCTURES LTD SYNOPSIS. CMP Target Price FEBRUARY 28 th Result Update (PARENT BASIS): Q3 FY15
BUY CMP 408.40 Target Price 460.00 SIMPLEX INFRASTRUCTURES LIMITED Result Update (PARENT BASIS): Q3 FY15 FEBRUARY 28 th 2015 ISIN: INE059B01024 Index Details Stock Data Sector Construction & Engineering
More informationOpto Circuit (India) Limited (OCIL)
Opto Circuit (India) Limited (OCIL) BUY CMP: Rs.221.00 Date: March 22, 2010 Key Ratios: Particulars FY09 FY10E FY11E OPM (%) 34.8 33.8 34.2 NPM (%) 25.6 26.1 27.0 ROE (%) 35.7 30.2 27.2 ROCE (%) 24.6 26.8
More informationBUY. MENON PISTONS LTD Result Update (PARENT BASIS): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 3 rd, 2015
BUY CMP 151.00 Target Price 174.00 MENON PISTONS LTD Result Update (PARENT BASIS): Q1 FY16 SEPTEMBER 3 rd, 2015 ISIN: INE650G01011 Stock Details Stock Data Sector Auto Parts & Equipment BSE Code 531727
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 608.85 Target Price 694.00 CIPLA LIMITED Result Update (PARENT BASIS): Q2 FY15 NOVEMBER 18 th,2014 ISIN: INE059A01026 Index Details Stock Data Sector Pharmaceuticals BSE Code 500087 Face Value
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 1189.45 Target Price 1350.00 CUMMINS INDIA LTD Result Update (PARENT BASIS): Q1 FY16 AUGUST 10 th, 2015 ISIN: INE298A01020 Index Details Stock Data Sector Industrial Machinery BSE Code 500480 Face
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 4105.40 Target Price 4515.00 GILLETTE INDIA LIMITED Result Update (PARENT BASIS): Q2 FY15 FEBRUARY 25 th, 2015 ISIN: INE322A01010 Stock Data Sector FMCG BSE Code 507815 Face Value / Div. Per Share
More informationEngineers India Limited (EIL)
Engineers India Limited (EIL) BUY CMP: Rs.1385.00 Date: December 15, 2009 Target Price: Rs.1551.00 Market Cap.: Rs. 77776.06mn. Key Ratios: Particulars FY09 FY10E FY11E OPM(%) 35 34 33 NPM(%) 22 22 22
More informationBUY. ASM TECHNOLOGIES LTD Result Update (CONSOILIDATED) Q1 FY15. CMP Target Price SEPTEMBER 23 rd,2014 SYNOPSIS ISIN: INE867C01010
BUY CMP 212.60 Target Price 242.00 ASM TECHNOLOGIES LTD Result Update (CONSOILIDATED) Q1 FY15 SEPTEMBER 23 rd,2014 ISIN: INE867C01010 Index Details Stock Data Sector IT BSE Code 526433 Face Value 10.00
More informationAutomotive Axles SYNOPSIS. C.M.P: Rs Target Price: Rs Date: March. 02 nd 2012 BUY. Share Holding Pattern. 1 Year Comparative Graph
Automotive Axles Ltd Result Update: Q1 FY 12 C.M.P: Rs. 496.00 Target Price: Rs. 560.00 Date: March. 02 nd 2012 BUY Stock Data: Sector: Auto Component Face Value Rs. 10.00 52 wk. High/Low (Rs.) 518.00/320.00
More informationPeer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 396.30 Target Price 436.00 VOLTAMP TRANSFORMERS LTD Result Update: Q4 FY13 JULY 10 th, 2013 ISIN: INE540H01012 Index Details Stock Data Sector Electrical equipment BSE Code 532757 Face Value 10.00
More informationBUY. KARUR VYSYA BANK LTD Result Update: Q1 FY 13. CMP Target Price Sep 22 nd, 2012 SYNOPSIS
BUY CMP 402.40 Target Price 442.00 KARUR VYSYA BANK LTD Result Update: Q1 FY 13 Sep 22 nd, 2012 ISIN: INE036D01010 Stock Data Sector Banking BSE Code 590003 Face Value / Div. Per Share 10.00 52wk. High
More informationBharat Forge SYNOPSIS. C.M.P: Rs Target Price: Rs Date: Feb 29 th, 2012 BUY
Bharat Forge Ltd Result Update: Q3 FY 12 C.M.P: Rs. 308.25 Target Price: Rs. 351.00 Date: Feb 29 th, 2012 BUY Stock Data: Sector: Auto Components Face Value Rs. 2.00 52 wk. High/Low (Rs.) 370.50/231.00
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 222.25 Target Price 251.00 GULSHAN POLYOLS LTD Result Update (PARENT BASS): Q2 FY15 NOVEMBER 19 th 2014 ISIN: INE255D01016 Index Details Stock Data Sector Commodity Chemical BSE Code 532457 Face
More informationBUY. HINDUSTAN MEDIA VENTURES LTD Result Update(PARENT BASIS): Q2 FY15. CMP Target Price OCTOBER 25 th 2014.
BUY CMP 167.00 Target Price 190.00 HINDUSTAN MEDIA VENTURES LTD Result Update(PARENT BASIS): Q2 FY15 OCTOBER 25 th 2014 ISIN: INE871K01015 Index Details Stock Data Sector Publishing BSE Code 533217 Face
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 227.60 Target Price 270.00 BAJAJ CORP LIMITED Result Update (PARENT BASIS): Q1 FY15 AUGUST 4 th 2014 ISIN: INE933K01021 Index Details Stock Data Sector FMCG BSE Code 533229 Face Value 1.00 52wk.
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 734.45 Target Price 845.00 WELSPUN INDIA LIMITED Result Update (CONSOLIDATED): Q2 FY16 OCTOBER 24 th 2015 ISIN: INE192B01023 Index Details Stock Data Sector Textiles BSE Code 514162 Face Value
More informationBUY. NIIT TECHNOLOGIES LTD Result Update (PARENT BASIS): Q2 FY16 SYNOPSIS. CMP Target Price OCTOBER 17 th, 2015
BUY CMP 493.05 Target Price 560.00 NIIT TECHNOLOGIES LTD Result Update (PARENT BASIS): Q2 FY16 OCTOBER 17 th, 2015 ISIN: INE591G01017 Index Details Stock Data Sector IT Consulting & Software BSE Code 532541
More informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 55.30 Target Price 65.00 UMANG DAIRIES LTD Result Update (PARENT BASIS): Q4 FY15 JUNE 17 th 2015 ISIN: INE864B01027 Index Details Stock Data Sector Packaged Foods BSE Code 500231 Face Value 5.00
More information