Orient Paper & Industries Ltd

Size: px
Start display at page:

Download "Orient Paper & Industries Ltd"

Transcription

1 GICS Industry : Construction Materials l Sub Industry : Construction Materials l Website : Orient Paper & Industries Ltd Key Stock Indicators NSE Ticker : ORIENTPPR Bloomberg Ticker : OPI:IN Face value / Share: 1. Div. Yield (%): 2.9 CMP (as on 24 Jan 211 Rs/share):.7 2-week range up to 24 Jan 211 (Rs)(H/L): 6.4/44.4 Market Cap as on 24 Jan 211 (Rs mn): 9,778 Enterprise Value as on 24 Jan 211 (Rs mn): 14,9 Shares outstanding (mn): Free Float (%): 66.4 Average daily volumes (12 months) : 272,4 Beta (2 year) : 1.2 Orient Paper and Industries Limited (OPIL), has been promoted by the G P Birla and C K Birla groups. It has 3 major businesses cement, electrical consumer durables and paper. The products manufactured are portland pozzolana cement (PPC) and ordinary portland cement (OPC) in the cement segment, fans and compact fluorescent lighting (CFL) in the electrical consumer durables segment and tissue paper, writing paper, etc in the paper segment. The company s cement unit has presence in Andhra Pradesh, Maharashtra and Gujarat. It exports products manufactured in electrical consumer durables and paper segment to developed markets. KEY HIGHLIGHTS Diversified revenue stream OPIL is diversified into production of cement, electrical consumer durables and paper. In FY1, cement contributed ~% to total revenues, followed by electrical consumer durables at ~3% and paper ~%. Presence in different production segments mitigates the risk of a downturn in revenues in any particular segment. The company has a wide network of distributors and dealers for electrical and paper segments. It exports electrical consumer durables to Egypt, Sudan, the USA and other developed markets. Exports contributed ~4% to FY1 revenues. Presence in western and southern region for cement segment OPIL manufactures PPC and OPC. It has a manufacturing capacity of million tonnes per annum (mtpa). Manufacturing plants are located at Devapur in Andhra Pradesh and Jalgaon in Maharashtra. The cement division s core market is in Maharashtra, Gujarat and Andhra Pradesh. These 3 states account for almost ~93% of cement sales, as of FY1. The cement segment contributed ~% to total revenues in FY1. Popular brands are Birla A1 Premium (PPC) and Orient Gold (OPC). Capacity expansion implemented in FY1 In FY1, OPIL expanded cement manufacturing capacity to mtpa vis-à-vis 2.4 mtpa in FY9. The Devapur plant now has capacity of 3 mtpa, while the Jalgaon plant has capacity of 2 mtpa. Also in FY1, the company commissioned a MW power plant to meet captive requirement of cement plants. In electrical consumer durables segment, the company expanded its fan manufacturing capacity from 3. mn units a year to mn units a year. Expansion took place at the company s Faridabad, Haryana and Kolkata, West Bengal plants. The company also launched 6 new models in the CFL segment. In the paper segment, OPIL expanded tissue paper manufacturing capacity at its Amlai, Madhya Pradesh plant from 1, tonnes per year to, tonnes per year. KEY RISKS Increase in prices of key inputs coal, copper, steel, pulpwood, etc Cyclicality of cement business Competition from domestic players and the unorganised market in cement, electric and paper segments Stock Performances vis-à-vis market Returns (%) YTD 1-m 3-m 12-m ORIENTPPR NIFTY Key Financial Indicators Mar-8 Mar-9 Mar-1 Revenue (Rs mn) 14,116.6, ,69.6 EBITDA margins (%) PAT (Rs mn) 1,97. 2,4.9 1,7.8 PAT margins(%) Gearing (x)..7.6 EPS (Rs/share) PE (x) P/BV (x) RoCE (%) RoE (%) EV/EBITDA (x) n.m. : Not meaningful Shareholding (As on September 3, 21) (index) Jan-1 FII 1% Feb-1 DII 34% Indexed price chart Mar-1 Apr-1 May-1 Jun-1 Jul-1 Aug-1 Sep-1 Oct-1 Nov-1 Others 31% Promoter 34% Dec-1 (') Volumes (RHS) ORIENTPPR NIFTY Note: 1) YTD returns are since April 1, 21 to Jan 24, ) 1-m, 3-m and 12-m returns are up to Jan 24, 211. CRISIL COMPANY REPORT 1

2 BACKGROUND OPIL was incorporated in the year The company has been promoted by the G P Birla and C K Birla groups. It has 3 major businesses cement, electrical consumer durables and paper. The cement manufacturing plants are located at Devapur in Andhra Pradesh and Jalgaon in Maharashtra, and have a combined capacity of mtpa. The products manufactured are PPC and OPC. The plants for electrical consumer durables are located at Faridabad in Haryana and Kolkata in West Bengal. The products manufactured are fans and CFLs. The plant for paper manufacturing is located at Amlai in Madhya Pradesh and manufactures products such as tissue paper, writing paper, notebooks, etc. Popular brands of the company are Birla A1 (PPC) and Orient Gold (OPC) in cement, Orient PSPO (fans) and Orient OLO (CFL) in electrical segment and Orient photocopying paper and 1st Choice notebook in paper segment. COMPETITIVE POSITION Peer Comparison Orient Paper & Tamil Nadu Newsprint Crompton Industries Ltd J.K.Cement Ltd & Papers Ltd J K Paper Ltd. Greaves Ltd. Mar-1 Mar-1 Mar-1 Mar-1 Mar-11 Revenue (Rs mn) 16, , , , ,382.2 EBITDA margins (%) PAT (Rs mn) 1,7.8 2,24. 1, ,624.2 PAT margins(%) Gearing (x) EPS (Rs/s hare) PE (x) P/BV (x) RoCE (%) RoE (%) EV/EBITDA (x) n.m: Not meaningful FINANCIAL PROFILE Stable growth over last 2 years; EBITDA margin declines OPIL registered a growth of ~9% CAGR between FY8 and FY1, with top-line growing from Rs 14.1 bn in FY8 to Rs 16.6 bn in FY1. Revenue growth in FY1 was ~8% vis-à-vis FY9. In FY1, growth was led by increased sales in the cement and electric consumer durables segments, following expansion of capacity. In FY1, cement contributed ~% to total revenues, while electrical consumer durables contributed ~3%. EBITDA margin declined from 22.9% in FY9 to 18.4% in FY1, owing to increase in cost of raw materials such as coal, copper, steel, pulpwood, etc. Key Financial Indicators Units Mar-8 Mar-9 Mar-1 Revenue Rs million 14,116.6, ,69.6 EBITDA margins PAT Rs million 1,97. 2,4.9 1,7.8 PAT margins Revenue growth EBITDA growth PAT growth Gearing Times..7.6 RoCE RoE CRISIL COMPANY REPORT 2

3 INDUSTRY PROFILE Cement The cement industry is one of the key growth drivers of the Indian economy due to its vitality in the infrastructure development of the country. Cement consumption has increased at a compound annual growth rate (CAGR) of around 1 per cent from 24- to 29-1, primarily driven by demand from infrastructure and housing segments. As of 29-1, the pan-india installed capacity in the cement industry was around 249 million tonnes with an operating rate of close to 8 percent in the same year. Additionally, the market share of the top players has grown from 48 per cent in 23-4 to 4 per cent in 29-1, indicating increased consolidation in the industry. CRISIL Research believes the overall consolidation in the industry has ensured better pricing flexibility in the hand of the producers. Writing and Printing Paper The writing and printing (W&P) paper segment is less fragmented as compared to other segments in the paper industry. Hence, domestic players in this segment enjoy a fair degree of pricing flexibility. Further, most large players have introduced value-added products to command higher prices. W&P paper can be sub-divided into coated and uncoated paper. Uncoated paper comprises creamwove, maplitho and copier paper. Coated paper consists of coated chrome paper, art paper and art board. Creamwove is a low quality, low value product, whereas coated paper is a high quality, high value product. Uncoated paper accounts for bulk of the market (creamwove with 47 per cent; maplitho and copier together with 39 per cent) with coated paper holding the remaining share. Greater emphasis on education and literacy, coupled with growth in organised retail and demand for better quality paper, has pushed up demand for W&P paper. The factors that affect demand for W&P paper include printing of books and stationery for education; usage of office printing and stationery; and printing of company published statutory documents such as annual reports, share issue forms etc. Therefore, growth in industrial and services sectors augurs well for W&P paper demand. Lighting The industry can be broadly classified into light sources (constitutes 6 per cent of the lighting market), and lighting fixtures and accessories. Light sources can be further divided into general lighting system lamps, fluorescent tubes, special lamps, compact fluorescent lamps (CFLs) and other lamps (mini, auto, etc). Incandescent lamps accounted for 63 per cent of the light sources market in volume terms in 29, fluorescent lamps at per cent, and CFL, the fastest growing segment, at 21 per cent. The domestic lighting industry is influenced by expansion plans of key sectors such as real estate and organised retail, ongoing power sector reforms, continued emphasis on rural electrification, and compact fluorescent lamp (CFL) promotion programmes like Bachat Lamp Yojana introduced by the Central Government. Raw materials such as glass envelopes, copper, steel, aluminium, molybdenum shells and tungsten wires account for 6-6 per cent of the total manufacturing costs. CRISIL COMPANY REPORT 3

4 ANNUAL RESULTS Income Statement Balance sheet (Rs million ) Mar-8 Mar-9 Mar-1 (Rs million ) Mar-8 Mar-9 Mar-1 Net Sales 14,7.2, ,627. Equity share capital Operating Income 14,116.6, ,69.6 Reserves and surplus,376. 6, ,46.6 Tangible net worth,69.2 6,38.7 7,99. EBITDA 3,42.3 3,4.9 3,8.1 Deferred tax liablity: asset ,12.8 EBITDA Margin Long-term debt 2,6. 3,481. 4,96.2 Short-term-debt Depreciation Total debt 2,44.6 4,46.6 4,698.4 Interest Current liabilities 2,6.3 2,17.7 2,793.1 Other Income Total provisions Total liabilities 11, , ,871.8 PBT 2,99.9 3,26.3 2,323.8 Gross block 11,49.4 8, ,191.2 PAT 1,97. 2,4.9 1,7.8 Net fixed assets 7, , ,74. Investments PAT Margin Current assets 3,73.9 3, ,827. Receivables 1,39.8 1, ,844. No. of shares (Mn No.) Inventories 1, ,99.9 1,3.1 Cash Earnings per share (EPS) Total assets 11, , ,871.7 Cash flow Ratio (Rs million ) Mar-8 Mar-9 Mar-1 Mar-8 Mar-9 Mar-1 Pre-tax profit 2,86.4 3,.9 2,26.6 Revenue growth (%) Total tax paid -1,12. -1, EBITDA growth(%) Depreciation PAT growth(%) Change in working capital EBITDA margins(%) Cash flow from operating activities 2,.9 2,4. 2,362. Tax rate (%) Capital Expenditure -2,.3-2,81.7-1,848.2 PAT margins (%) Investments and others Dividend payout (%) Dividend per share (Rs) Cash flow from investing activities -2,14.6-2,81.9-2,227.2 BV (Rs) Equity raised/(repaid) 1, Return on Equity (%) Debt raised/(repaid) -1, , Return on capital employed (%) Dividend (incl. tax) Others (incl extraordinaries) , Gearing (x)..7.6 Interest coverage (x) Debt/EBITDA (x) Cash flow from financing activities Change in cash position Asset turnover (x) Opening cash Current ratio (x) Closing cash Gross current assets (days) n.m : Not meaningful; QUARTERLY RESULTS (Rs million) Sep-1 % of Rev Sep-9 % of Rev Sep-1 % of Rev Sep-9 % of Rev No of Months Revenue 3, , , ,7. 1. EBITDA , , Interest Deprecia tion PBT , PAT CRISIL COMPANY REPORT 4

5 FOCUS CHARTS & TABLES Rs mn 6,, 4, 3, 2, 1, Mar-7 Sep-7 Sales Quarterly sales & y-o-y growth Dec-7 Mar-8 Jun-8 Sep-8 Dec-8 Mar-9 Sep-9 Dec-9 Mar Sep-1 Sales growth y-o-y (RHS) Rs mn Mar-7 Sep-7 Dec-7 Net Profit Quarterly PAT & y-o-y growth Mar-8 Jun-8 Sep-8 Dec-8 Mar-9 Sep-9 Dec-9 Mar-1 6 Sep-1 Net profit growth y-o-y (RHS) Rs/share Mar-7 Sep-7 Dec-7 Mar-8 Jun-8 EPS Sep-8 Dec-8 Mar-9 Sep-9 Dec-9 Mar-1 Sep Mar-7 Sep-7 Movement in operating and net margins Dec-7 OPM Mar-8 Jun-8 Sep-8 Dec-8 Mar-9 Sep-9 Dec-9 NPM Mar-1 Sep-1 Shareholding Pattern () Dec 29 Mar 21 Jun 21 Sep 21 Promoter FII DII Others Board of Directors Director Name Chandra Kant Birla (Mr.) Manohar Lal Pachisia (Mr.) Michael John Bas tian (Mr.) Amitabha Ghosh (Mr.) Basant Kumar Jhawar (Mr.) Prabhat Kumar Sen (Mr.) Designation Non-Executive Chairman, Promoter- Director Managing Director Director Additional Disclosure This report has been sponsored by NSE - Investor Protection Fund Trust (NSEIPFT). Disclaimer This report is based on data publicly available or from sources considered reliable. CRISIL Ltd. (CRISIL) does not represent that it is accurate or complete and hence, it should not be relied upon as such. The data / report is subject to change without any prior notice. Opinions expressed herein are our current opinions as on the date of this report. Nothing in this report constitutes investment, legal, accounting or tax advice or any solicitation, whatsoever. The subscriber / user assume the entire risk of any use made of this data / report. CRISIL especially states that, it has no financial liability whatsoever, to the subscribers / users of this report. This report is for the personal information only of the authorised recipient in India only. This report should not be reproduced or redistributed or communicated directly or indirectly in any form to any other person especially outside India or published or copied in whole or in part, for any purpose. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this report. For information please contact 'Client Servicing' at , or via clientservicing@crisil.com. CRISIL COMPANY REPORT

Hindustan Oil Exploration Co. Ltd

Hindustan Oil Exploration Co. Ltd GICS Industry : Oil, Gas & Consumable Fuels l Sub Industry : Oil & Gas Exploration & Production l Website : www.hoec.com Hindustan Oil Exploration Co. Ltd Key Stock Indicators NSE Ticker : HINDOILEXP Bloomberg

More information

Oil India Ltd KEY HIGHLIGHTS. Shareholding (As on September 30, 2010) KEY RISKS. Stock Performances vis-à-vis market. Indexed price chart

Oil India Ltd KEY HIGHLIGHTS. Shareholding (As on September 30, 2010) KEY RISKS. Stock Performances vis-à-vis market. Indexed price chart GICS Industry : Oil, Gas & Consumable Fuels l Sub Industry : Oil & Gas Exploration & Production l Website : www.oil-india.com Oil India Ltd Key Stock Indicators NSE Ticker : OIL Bloomberg Ticker : OINL:IN

More information

GSK Consumer Healthcare Ltd

GSK Consumer Healthcare Ltd GICS Industry : Food Products l Sub Industry : Packaged foods & meats l Website : www.gsk-ch.in GSK Consumer Healthcare Ltd Key Stock Indicators NSE Ticker : GSKCONS Bloomberg Ticker : SKB:IN Face value

More information

Uco Bank. GICS Industry : Commercial Banks Sub Industry : Diversified Banks Website : Key Stock Indicators

Uco Bank. GICS Industry : Commercial Banks Sub Industry : Diversified Banks Website :  Key Stock Indicators GICS Industry : Commercial Banks Sub Industry : Diversified Banks Website : www.ucobank.com Uco Bank Key Stock Indicators NSE Ticker : UCOBANK CMP as on 11 May 2011 Rs/share : 99.9 Shares outstanding (mn)

More information

Aarti Industries Ltd KEY HIGHLIGHTS. Shareholding (As on December 31, 2010) KEY RISKS. Indexed price chart. Stock Performances vis-à-vis market

Aarti Industries Ltd KEY HIGHLIGHTS. Shareholding (As on December 31, 2010) KEY RISKS. Indexed price chart. Stock Performances vis-à-vis market GICS Industry: Chemicals l Sub Industry: Specialty Chemicals l Website : www.aartigroup.com Aarti Industries Ltd Key Stock Indicators NSE Ticker: AARTIIND Bloomberg Ticker: ARTO: IN Face value / Share:

More information

ACC NEUTRAL. Performance Highlights. CMP `1,261 Target Price - 4QCY2012 Result Update Cement. Quarterly results (Standalone) Investment Period -

ACC NEUTRAL. Performance Highlights. CMP `1,261 Target Price - 4QCY2012 Result Update Cement. Quarterly results (Standalone) Investment Period - 4QCY2012 Result Update Cement February 11, 2013 ACC Performance Highlights Quarterly results (Standalone) Y/E Dec. (` cr) 4QCY2012 3QCY2012 % chg qoq 4QCY2011 % chg yoy Net sales 3,099 2,445 26.8 2,503

More information

The Jeypore Sugar Company Ltd

The Jeypore Sugar Company Ltd The Jeypore Sugar Company Ltd Q3FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses

More information

MRF BUY. Performance Highlights. CMP `9,407 Target Price `11,343. Company Update Automobile. Key financials

MRF BUY. Performance Highlights. CMP `9,407 Target Price `11,343. Company Update Automobile. Key financials Company Update Automobile February 22, 212 MRF Performance Highlights Y/E Sept. (` cr) 1QSY12 1QSY11 % chg (yoy) 4QSY11 % chg (qoq) Net sales 2,875 2,167 32.7 2,62 9.8 EBITDA 258 243 5.9 181 42.6 EBITDA

More information

CCL Products BUY. Brewing Steadily. CMP Target Price `300 `360. Initiating Coverage Coffee. January 4, year price chart

CCL Products BUY. Brewing Steadily. CMP Target Price `300 `360. Initiating Coverage Coffee. January 4, year price chart 5-Jan 5-Apr 5-Jul 5-Oct 5-Jan 5-Apr 5-Jul 5-Oct 5-Jan 5-Apr 5-Jul 5-Oct CCL Products Brewing Steadily CCL Products Limited (CCL) is the largest Indian manufacturer and exporter of instant coffee. With

More information

Garware Wall Ropes ACCUMULATE. Performance Highlights CMP. `550 Target Price `618. 2QFY2017 Result Update Textile. Investment Period 12 months

Garware Wall Ropes ACCUMULATE. Performance Highlights CMP. `550 Target Price `618. 2QFY2017 Result Update Textile. Investment Period 12 months 2QFY217 Result Update Textile November 16, 216 Garware Wall Ropes Performance Highlights Quarterly Data (`cr) 2QFY17 2QFY16 % yoy 1QFY17 % qoq Revenue 232 214 8.5 225 3.3 EBITDA 4 26 5.9 31 29.4 Margin

More information

Sagar Cements Ltd. Q3FY11 Result Update. Enhancing investment decisions

Sagar Cements Ltd. Q3FY11 Result Update. Enhancing investment decisions Q3FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

BUY. IFB AGRO INDUSTRIES LTD Result Update (PARENT BASIS): Q1 FY16. CMP Target Price SEPTEMBER 30 th 2015 SYNOPSIS

BUY. 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 information

Amber Enterprises India Ltd

Amber Enterprises India Ltd 3QFY2019 Result Update Consumer Durable February 16, 2019 Amber Enterprises India Ltd Performance Update (` cr) 3QFY19 3QFY18 % yoy 2QFY19 % qoq Revenue 388.8 338.4 14.9 226.3 71.8 EBITDA 22.1 24.1 (8.2)

More information

Orient Paper and Industries

Orient Paper and Industries Re-branding strategy and new products to drive growth in consumer business Orient Paper (OPI), a C.K.Birla group company is the second largest player in the fans market with 18% market share under the

More information

The Jeypore Sugar Company Ltd

The Jeypore Sugar Company Ltd Q1FY12 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix)

More information

Company Overview. Financial Performance

Company Overview. Financial Performance Apr/15 May/15 Jun/15 Jul/15 Aug/15 Sep/15 Oct/15 Nov/15 Dec/15 Jan/16 Feb/16 Mar/16 Monarch Networth Capital Limited CMP: 26.00 March 23, 2016 Stock Details BSE code 511551 BSE ID MONARCH Face value (

More information

Havells India. Q3FY17 Result Update Positive surprise; Maintain Buy. Sector: Consumer Durable CMP: ` 376. Recommendation: BUY.

Havells India. Q3FY17 Result Update Positive surprise; Maintain Buy. Sector: Consumer Durable CMP: ` 376. Recommendation: BUY. Havells India Q3FY17 Result Update Positive surprise; Maintain Buy Sector: Consumer Durable CMP: ` 376 Recommendation: BUY Market statistics Current stock price (`) 376 Shares O/S (cr.) 62.5 Mcap (` cr)

More information

APOLLO TYRES LTD. October 19 th, CMP (Rs.) 194. Key Developments

APOLLO TYRES LTD. October 19 th, CMP (Rs.) 194. Key Developments Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 s. APOLLO TYRES LTD.. October 19 th, 2015 BSE Code: 500877 NSE Code: APOLLOTYRE Reuters Code: APLO.NS Bloomberg

More information

Equity Statistics Current Market Price Rs Week High/Low Rs /9.01 Market Capitalisation Rs. Crores Dividend Yield %

Equity Statistics Current Market Price Rs Week High/Low Rs /9.01 Market Capitalisation Rs. Crores Dividend Yield % MILTON PLASTICS LTD BSE Scrip Code: 526143 Containers & Packaging March 14, 2013 Equity Statistics Current Market Price Rs. 9.7 52 Week High/Low Rs. 15.81/9.01 Market Capitalisation Rs. Crores 12.13 Free

More information

Goodyear India ACCUMULATE. Performance Highlights. CMP Target Price `326 `374. 1QCY2012 Result Update Tyres. Key financials

Goodyear India ACCUMULATE. Performance Highlights. CMP Target Price `326 `374. 1QCY2012 Result Update Tyres. Key financials 1QCY212 Result Update Tyres June 6, 212 Goodyear India Performance Highlights Y/E December (` cr) 1QCY212 1QCY211 % chg (yoy) 4QCY211 % chg (qoq) Net sales 331 336 (1.6) 395 (16.2) EBITDA 2 24 (18.6) 34

More information

Company Overview. Financial Performance

Company Overview. Financial Performance Feb/15 Mar/15 Apr/15 May/15 Jun/15 Jul/15 Aug/15 Sep/15 Oct/15 Nov/15 Dec/15 Jan/16 CMP: 32.30 February 11, 2016 Stock Details BSE code 526558 BSE ID JAMEHOT Face value ( ) 10 No of shares (m) 8.0 52 week

More information

Hitech Plast Ltd. Q4FY11 First Cut. Enhancing investment decisions. CRISIL Limited. All Rights Reserved.

Hitech Plast Ltd. Q4FY11 First Cut. Enhancing investment decisions. CRISIL Limited. All Rights Reserved. Q4FY11 First Cut Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

ABB LTD (INDIA) RESEARCH

ABB LTD (INDIA) RESEARCH RESULTS REVIEW Share Data Market Cap Rs. 168.6 bn Price Rs. 795.80 BSE Sensex 16,741.30 Reuters Bloomberg Avg. Volume (52 Week) ABB.BO ABB IN 0.11 mn 52-Week High/Low Rs. 856.95 / 344 Shares Outstanding

More information

PROCTER & GAMBLE HYGIENE & HEALTH CARE LTD Result Update (PARENT BASIS): Q4 FY15

PROCTER & 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 information

Punjab Chemicals and Crop Protection Ltd

Punjab Chemicals and Crop Protection Ltd Q3FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

Ambuja Cements NEUTRAL. Performance Highlights CMP. `155 Target Price - 1QCY2011 Result Update Cement. Investment Period - Key financials (Standalone)

Ambuja Cements NEUTRAL. Performance Highlights CMP. `155 Target Price - 1QCY2011 Result Update Cement. Investment Period - Key financials (Standalone) 1QCY2011 Result Update Cement April 29, 2011 Ambuja Cements Performance Highlights Y/E Dec. (` cr) 1QCY2011 4QCY2010 % chg qoq 1QCY2010 % chg yoy Net sales 2,207 1,788 23.4 1,990 10.9 Operating profit

More information

Religare Investment Call

Religare Investment Call v-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 v-18 Q2FY19 Result Update Q2FY19 Result Update BUY CMP (Rs) 5,813 Target Price (Rs) 6,519 Potential Upside 12.1% Sensex

More information

KEI Industries BUY. Performance Update. CMP Target Price `433 `508. 4QFY2018 Result Update Cable. Historical share price chart.

KEI Industries BUY. Performance Update. CMP Target Price `433 `508. 4QFY2018 Result Update Cable. Historical share price chart. May- Aug- Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 4QFY2018 Result Update Cable May 21, 2018 KEI Industries Performance Update Y/E March (` cr) 4QFY18 4QFY17 % yoy 3QFY18

More information

Quick take. Ruchira Papers Ltd. BUY. Creating value through paper. Target Price. Investment Period 12 Months. 3 year daily price chart.

Quick take. Ruchira Papers Ltd. BUY. Creating value through paper. Target Price. Investment Period 12 Months. 3 year daily price chart. Ltd. Creating value through paper Limited (RPL) manufactures writing paper, printing paper and Kraft paper. The company's white writing and printing paper is used in making notebooks and writing material,

More information

Kandagiri Spinning Mills Ltd

Kandagiri Spinning Mills Ltd Q1FY12 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix)

More information

Lakshmi Finance and Industrial Corporation Ltd

Lakshmi Finance and Industrial Corporation Ltd Q1FY12 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix)

More information

Company Overview. Financial Performance

Company Overview. Financial Performance Jan/15 Feb/15 Mar/15 Apr/15 May/15 Jun/15 Jul/15 Aug/15 Sep/15 Oct/15 Nov/15 Dec/15 KMC Speciality Hospitals India Ltd CMP: 7.61 January 21, 2015 Stock Details BSE code 524520 BSE ID KMCSHIL Face value

More information

CCL Products BUY. Performance Update. CMP Target Price `278 `360. 3QFY2018 Result Update Coffee. Historical share price chart.

CCL Products BUY. Performance Update. CMP Target Price `278 `360. 3QFY2018 Result Update Coffee. Historical share price chart. Feb-15 May-15 Aug-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 3QFY2018 Result Update Coffee February 5, 2018 CCL Products Performance Update Y/E March (` cr) Q3FY18 Q3FY17

More information

Religare Investment Call

Religare Investment Call Q2FY18 Result Update Auto Ancillary BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty 144 173 % 33,219 10,303 Operational efficiency to continue ' Revenue (growth not comparable due to change

More information

Company Overview. Financial Performance

Company Overview. Financial Performance Jan/15 Feb/15 Mar/ Apr/15 May/ Jun/15 Jul/15 Aug/15 Sep/15 Oct/15 Nov/ Dec/15 Parnax Lab Limited CMP: 53.90 January 08, 2016 Stock Details BSE code 506128 BSE ID PARNAXLAB Face value ( ) 10 No of shares

More information

Dynamatic Technologies Ltd

Dynamatic Technologies Ltd Q2FY12 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix)

More information

Century Plyboards Ltd

Century Plyboards Ltd May-15 Aug-15 Nov-15 Feb-16 May-16 Aug-16 Nov-16 Feb-17 May-17 Aug-17 Nov-17 Feb-18 4QFY2018 Result Update Plywood May 19, 2018 Century Plyboards Ltd Performance Update (Rs cr) 4QFY18 4QFY17 % yoy 3QFY17

More information

Company Overview. Industry Overview. Financial Performance

Company Overview. Industry Overview. Financial Performance Feb/15 Mar/15 Apr/15 May/15 Jun/15 Jul/15 Aug/15 Sep/15 Oct/15 Nov/15 Dec/15 Jan/16 Trade Wings Limited CMP: 105.00 January 29, 2016 Stock Details BSE code 509953 BSE ID TRADWIN Face value ( ) 10 No of

More information

Bharat Forge. Result Update. Q4FY13 Result Highlights. Valuation. No Respite in Sight May 29, Institutional Research 1

Bharat Forge. Result Update. Q4FY13 Result Highlights. Valuation. No Respite in Sight May 29, Institutional Research 1 [ Result Update Equity India Forging & Industrials Bharat Forge Ltd. No Respite in Sight May 29, 2013 CMP (`) Target (`) 241 238 Potential Upside Absolute Rating (1.24)% HOLD Market Info (as on May 28,

More information

Volant Textile Mills Ltd BSE Scrip Code:

Volant Textile Mills Ltd BSE Scrip Code: Volant Textile Mills Ltd BSE Scrip Code: 531865 Textiles October 09, 2012 Equity Statistics Current Market Price Rs. 3.11 52 Week High/Low Rs. 3.55/1.34 Market Capitalisation Rs. Crores 23.31 Free Float

More information

IST Ltd BSE Scrip Code:

IST Ltd BSE Scrip Code: IST Ltd BSE Scrip Code: 508807 Other Apparels & Accessories September 13, 2012 Equity Statistics Current Market Price Rs. 170.3 52 Week High / Low Rs. 209/124 Market Capitalisation Rs. crores 98.7 Free

More information

Blue Star Ltd BUY. Performance Update. CMP Target Price `703 `867. 1QFY2019 Result Update Cons. Durable. 3-year price chart.

Blue Star Ltd BUY. Performance Update. CMP Target Price `703 `867. 1QFY2019 Result Update Cons. Durable. 3-year price chart. Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Jan-17 Apr-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 1QFY2019 Result Update Cons. Durable August 10, 2018 Blue Star Ltd Performance

More information

Siyaram Silk Mills Ltd

Siyaram Silk Mills Ltd Q4FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

Religare Investment Call

Religare Investment Call BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty Key Stock data BSE Code NSE Code Bloomberg Shares o/s, Cr (FV 1) Market Cap (Rs Cr) 3M Avg Volume 52 week H/L Shareholding Pattern (%) Dec-16

More information

Shalimar Wires Industries Ltd. BSE Scrip Code:

Shalimar Wires Industries Ltd. BSE Scrip Code: Shalimar Wires Industries Ltd. BSE Scrip Code: 532455 Paper Machine Clothing and EMD Wires October 15, 2012 Equity Statistics Current Market Price Rs. 7.61 52 Week High/Low Rs. 14.00/6.72 Market Capitalisation

More information

Greenply Industries BUY. The plywood maker for growing India. Target Price. Initiating Coverage Plywood. 3-year price chart.

Greenply Industries BUY. The plywood maker for growing India. Target Price. Initiating Coverage Plywood. 3-year price chart. Initiating Coverage Plywood March 03, 2018 Greenply Industries The plywood maker for growing India Greenply Industries Ltd (GIL) manufactures plywood & allied products and medium density fibreboards (MDF).

More information

Company Overview. Financial Performance

Company Overview. Financial Performance Feb/15 Mar/15 Apr/15 May/15 Jun/15 Jul/15 Aug/15 Sep/15 Oct/15 Nov/15 Dec/15 Jan/16 Eastern Treads Ltd CMP: 91.20 February 11, 2016 Stock Details BSE code 531346 BSE ID EASTRED Face value ( ) 10 No of

More information

Plastiblends India Ltd

Plastiblends India Ltd Q3FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

Wendt (India) Ltd. Q1FY12 Result Update. Enhancing investment decisions. CRISIL Limited. All Rights Reserved.

Wendt (India) Ltd. Q1FY12 Result Update. Enhancing investment decisions. CRISIL Limited. All Rights Reserved. Q1FY12 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix)

More information

Century Plyboards (I)

Century Plyboards (I) Leading branded plywood player Visit note - Not rated 19 June 2014 Institutional Equities Century Plyboard (CPBI), India s leading plywood manufacturer with the highest-selling plywood brand, expects housing

More information

BUY. Efforts on cost cutting paying off RAMCO CEMENTS. Target Price: Rs 435. Key highlights. Key drivers FY15 FY16E FY17E

BUY. Efforts on cost cutting paying off RAMCO CEMENTS. Target Price: Rs 435. Key highlights. Key drivers FY15 FY16E FY17E RAMCO S BUY Target Price: Rs 435 Efforts on cost cutting paying off Q2 EBITDA at Rs 2.8 bn (up 30% YoY) was ahead of our estimates due to lower-than-expected costs. Average costs (excluding freight) declined

More information

The West Coast Paper Mills Ltd

The West Coast Paper Mills Ltd Q4FY11 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix)

More information

ITC ACCUMULATE. Performance Highlights CMP. `257 Target Price `284. 3QFY2017 Result Update FMCG. Investment Period 12 Months

ITC ACCUMULATE. Performance Highlights CMP. `257 Target Price `284. 3QFY2017 Result Update FMCG. Investment Period 12 Months 3QFY2017 Result Update FMCG January 30, 2017 ITC Performance Highlights Quarterly result (Standalone) (` cr) 3QFY17 3QFY16 % yoy 2QFY17 %qoq Revenue 9,248 8,867 4.3 9,661 (4.3) EBITDA 3,546 3,475 2.1 3,630

More information

Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd. Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 3QFY2019 Result Update Automobile February 15, 2019 Mahindra & Mahindra Ltd. Performance Update Y/E March (` cr)

More information

Bloomberg Code: ATA IN

Bloomberg Code: ATA IN Auto OEM: 3-Wheelers Atul Feb Auto 03, 2015 Ltd India Research Stock Broking Bloomberg Code: ATA IN Stable quarter led by surge in exports volumes (TP revised ) : Operating revenue, EBITDA and PAT grew

More information

BALKRISHNA INDUSTRIES LTD

BALKRISHNA INDUSTRIES LTD Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 BALKRISHNA INDUSTRIES LTD 8888888888888888888888888888888888888888888888888888888888888888888s.. January19, 2016

More information

AMBUJA CEMENTS LIMITED RESEARCH

AMBUJA CEMENTS LIMITED RESEARCH EQUITY February 27, 2009 RESULTS REVIEW Share Data Market Cap Rs. 96.6 bn Price Rs. 63.45 BSE Sensex 8,891.61 Reuters ABUJ.BO Bloomberg ACEM IN Avg. Volume (52 Week) 0.4 mn 52-Week High/Low Rs. 128.5/

More information

eclerx Services Ltd Q3FY12 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved.

eclerx Services Ltd Q3FY12 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Q3FY12 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix)

More information

Company Overview. Financial Performance

Company Overview. Financial Performance Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Superior Industrial Enterprises Limited CMP: 19.6 December 24, 215 Stock Details BSE code 519234 BSE ID SIEL Face value

More information

KLRF Ltd. Q3FY11 Result Update. Enhancing investment decisions

KLRF Ltd. Q3FY11 Result Update. Enhancing investment decisions Q3FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

CMP* (Rs) 208 Upside/ (Downside) (%) 18. Market Cap. (Rs bn) Free Float (%) 65.6 Shares O/S (mn) 630

CMP* (Rs) 208 Upside/ (Downside) (%) 18. Market Cap. (Rs bn) Free Float (%) 65.6 Shares O/S (mn) 630 1QFY18 Result Update July 28,2017 CMP* (Rs) 208 Bloomberg Ticker CROMPTON IN Market Cap. (Rs bn) 130.6 Free Float (%) 65.6 Shares O/S (mn) 630 Channel De-stocking Impairs Top-line; Recovery Ahead Crompton

More information

KEI Industries BUY. Performance Update. Target Price. 3QFY2018 Result Update Cable. Historical share price chart. Key Financials

KEI Industries BUY. Performance Update. Target Price. 3QFY2018 Result Update Cable. Historical share price chart. Key Financials 3QFY2018 Result Update Cable January 25, 2018 KEI Industries Performance Update Y/E March (` cr) 3QFY18 3QFY17 % yoy 2QFY18 % qoq Net sales 889 715 24 749 19 EBITDA 84 77 10 76 11 EBITDA margin (%) 9.5

More information

Kandagiri Spinning Mills Ltd

Kandagiri Spinning Mills Ltd Q4FY11 Result Update Enhancing investment decisions CRISIL Limited. All Rights Reserved. Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix)

More information

Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd. May-15 Aug-15 Nov-15 Feb-16 May-16 Aug-16 Nov-16 Feb-17 May-17 Aug-17 Nov-17 Feb-18 4QFY2018 Result Update Automobile May 30, 2018 Mahindra & Mahindra Ltd. Performance Update Y/E March (` cr) 4QFY18 4QFY17

More information

Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd. Nov-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 2QFY2019 Result Update Automobile November 15, 2018 Mahindra & Mahindra Ltd. Performance Update Y/E March (` cr)

More information

Graphite India BUY. Performance Highlights. CMP Target Price `88 `109. 1QFY2012 Result Update Capital Goods

Graphite India BUY. Performance Highlights. CMP Target Price `88 `109. 1QFY2012 Result Update Capital Goods 1QFY2012 Result Update Capital Goods July 25, 2011 Graphite India Performance Highlights Y/E March (` cr) 1QFY2012 4QFY2011 % chg (qoq) 1QFY2011 % chg (yoy) Net sales 319 303 5.1 258 23.3 EBITDA 61 59

More information

Butterfly Gandhimathi Appliances Ltd. BSE Scrip Code:

Butterfly Gandhimathi Appliances Ltd. BSE Scrip Code: Butterfly Gandhimathi Appliances Ltd. BSE Scrip Code: 517421 Household Appliances September 05, 2012 Equity Statistics Current Market Price Rs. 355.0 52 Week High / Low Rs. 420/240 Market Capitalisation

More information

Shri Lakshmi Cotsyn Ltd

Shri Lakshmi Cotsyn Ltd Q3FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

Religare Investment Call

Religare Investment Call Q3FY18 Result Update Auto Ancillary BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty Key Stock data BSE Code NSE Code Bloomberg Shares o/s, Cr (FV 10) Market Cap (Rs Cr) 3M Avg Volume 52 week

More information

BHEL SELL RESULTS REVIEW 1QFY15 13 AUG CMP (as on 12 Aug 2014) Rs 224 Target Price Rs 188

BHEL SELL RESULTS REVIEW 1QFY15 13 AUG CMP (as on 12 Aug 2014) Rs 224 Target Price Rs 188 RESULTS REVIEW 1QFY15 13 AUG 2014 BHEL SELL INDUSTRY CAPITAL GOODS CMP (as on 12 Aug 2014) Rs 224 Target Price Rs 188 Nifty 7,727 Sensex 25,881 KEY STOCK DATA Bloomberg/Reuters BHEL IN/BHEL.BO No. of Shares

More information

GAIL India NEUTRAL. Performance Highlights CMP. `363 Target Price - 2QFY2013 Result Update Oil & Gas. Investment Period -

GAIL India NEUTRAL. Performance Highlights CMP. `363 Target Price - 2QFY2013 Result Update Oil & Gas. Investment Period - 2QFY2013 Result Update Oil & Gas October 26, 2012 GAIL India Performance Highlights Quarterly highlights (Standalone) Y/E March (` cr) 2QFY2013 2QFY2012 % chg (yoy) 1QFY2013 % chg (qoq) Net sales 11,361

More information

Aditya Gears Ltd. BSE Scrip Code:

Aditya Gears Ltd. BSE Scrip Code: Aditya Gears Ltd. BSE Scrip Code: 53677 Auto Parts & Equipment March 5, 23 Last Traded Price* Rs. 52 Week High/Low Rs. Market Capitalisation* Free Float Dividend Yield % One Year Regression Beta Equity

More information

Ambuja Cements NEUTRAL. Performance Highlights CMP. `184 Target Price - 2QCY2012 Result Update Cement. Quarterly results (Standalone)

Ambuja Cements NEUTRAL. Performance Highlights CMP. `184 Target Price - 2QCY2012 Result Update Cement. Quarterly results (Standalone) 2QCY2012 Result Update Cement Ambuja Cements Performance Highlights Quarterly results (Standalone) Y/E Dec. (` cr) 2QCY2012 1QCY2012 % chg qoq 2QCY2011 % chg yoy Net Sales 2,566 2,633 (2.6) 2,173 18.1

More information

Asian Granito BUY. Performance Highlights CMP. `270 Target Price `351. Outlook and valuation. 3QFY2017 Result Update Ceramics

Asian Granito BUY. Performance Highlights CMP. `270 Target Price `351. Outlook and valuation. 3QFY2017 Result Update Ceramics 3QFY2017 Result Update Ceramics January 25, 2017 Asian Granito Performance Highlights Quarterly Data (` cr) 3QFY17 3QFY16 % yoy 2QFY17 % qoq Revenue 247 236 4.3 265 (7.1) EBITDA 34 27 25.3 31 7.2 Margin

More information

Indian Oil Corporation Ltd.

Indian Oil Corporation Ltd. Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 s. Indian Oil Corporation Ltd.. October 25, 217 BSE Code: 53965 NSE Code: IOC Reuters Code: IOC.NS Bloomberg Code:

More information

The West Coast Paper Mills Ltd

The West Coast Paper Mills Ltd Q3FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

Lippi Systems Ltd BSE Scrip Code:

Lippi Systems Ltd BSE Scrip Code: Lippi Systems Ltd BSE Scrip Code: 526604 Industrial Machinery October 30, 2012 Equity Statistics Current Market Price Rs. 4.8 52 Week High/Low Rs. 7.24/4.01 Market Capitalisation Rs. Crores 3.4 Free Float

More information

Krypton Industries Ltd BSE Scrip Code:

Krypton Industries Ltd BSE Scrip Code: Krypton Industries Ltd BSE Scrip Code: 523550 Auto Tyres & Rubber Products October 19, 2012 Equity Statistics Current Market Price Rs. 14.3 52 Week High/Low Rs. 17.74/11.55 Market Capitalisation Rs. Crores

More information

Inox Wind BUY. Performance Highlights. CMP Target Price `242 `286. 4QFY2016 Result Update Capital Goods. 3 year price chart

Inox Wind BUY. Performance Highlights. CMP Target Price `242 `286. 4QFY2016 Result Update Capital Goods. 3 year price chart 4QFY216 Result Update Capital Goods May 11, 216 Inox Wind Performance Highlights Quarterly Data (Consolidated) ( ` cr) 4QFY16 4QFY15 % chg (yoy) 3QFY16 % chg (qoq) Total Income 1,829 93 96.6 941 94.2 EBITDA

More information

Hydro S&S Industries Ltd

Hydro S&S Industries Ltd Q3FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

Religare Investment Call

Religare Investment Call v-17 v-17 Dec-17 Jan-18 Jan-18 Feb-18 Mar-18 Mar-18 Apr-18 May-18 May-18 Jun-18 Jul-18 Aug-18 Aug-18 Sep-18 Oct-18 Oct-18 Q2FY19 Result Update Q2FY19 Result Update BUY CMP (Rs) 282 Target Price (Rs) 321

More information

Maruti Suzuki (RHS) BUY. Operationally In Line; Reiterate Buy. Automobiles October 31, 2014 RESULT REVIEW. Outlook & Valuation.

Maruti Suzuki (RHS) BUY. Operationally In Line; Reiterate Buy. Automobiles October 31, 2014 RESULT REVIEW. Outlook & Valuation. Oct13 Dec13 Jan14 Feb14 Apr14 May14 Jun14 Aug14 Sep14 Oct14 India Research Automobiles RESULT REVIEW Bloomberg: MSIL IN Reuters: MRTI.BO BUY Operationally In Line; Reiterate Buy India s (MSIL) Revenue/EBIDTA/PAT

More information

KLRF Ltd. Q2FY11 Result Update. Enhancing investment decisions

KLRF Ltd. Q2FY11 Result Update. Enhancing investment decisions Q2FY11 Result Update Enhancing investment decisions Explanation of CRISIL Fundamental and Valuation (CFV) matrix The CFV Matrix (CRISIL Fundamental and Valuation Matrix) addresses the two important analysis

More information

Religare Investment Call

Religare Investment Call Oct-17 v-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 BUY CMP (Rs) 190 Target Price (Rs) 247 Potential Upside 29.7% Sensex 33,349 Nifty 10,030 Key Stock data BSE Code

More information

Religare Investment Call

Religare Investment Call BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty Key Stock data BSE Code NSE Code Bloomberg Shares o/s, Cr (FV 2) Market Cap (Rs Cr) 3M Avg Volume 52 week H/L Shareholding Pattern (%) Promoter

More information

Fineotex Chemical Ltd

Fineotex Chemical Ltd Company Update Decent Performance under Macroeconomic Pressure; Business Traction to Continue: Fineotex Chemical recorded decent set of result as consolidated sales grew by 1.1% YoY (largely in line) to

More information

Religare Investment Call

Religare Investment Call Q3FY18 Result Update Consumer Durables Symphony Ltd. BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty Key Stock data BSE Code NSE Code Bloomberg Shares o/s, Cr (FV 2) Market Cap (Rs Cr) 3M

More information

Company Overview. Financial Performance

Company Overview. Financial Performance Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Anisha Impex Ltd CMP: 11.85 December 31, 2015 Stock Details BSE code 537785 BSE ID Face value ( ) 10 No of shares (m)

More information

Company Overview. Industry Overview. Financial Performance

Company Overview. Industry Overview. Financial Performance Jan/15 Feb/15 Mar/15 Apr/15 May/15 Jun/15 Jul/15 Aug/15 Sep/15 Oct/15 Nov/15 Dec/15 CMP: 27.80 January 20, 2016 Stock Details BSE code 534623 BSE ID JUPITERIN Face value ( ) 10 No of shares (m) 10 52 week

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER 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 information

Blue Star Ltd BUY. Performance Update. CMP Target Price `754 `867. 4QFY2018 Result Update Cons. Durable. 3-year price chart.

Blue Star Ltd BUY. Performance Update. CMP Target Price `754 `867. 4QFY2018 Result Update Cons. Durable. 3-year price chart. May-15 Aug-15 Nov-15 Feb-16 May-16 Aug-16 Nov-16 Feb-17 May-17 Aug-17 Nov-17 Feb-18 May-18 4QFY2018 Result Update Cons. Durable May 16, 2018 Blue Star Ltd Performance Update 4QFY18 4QFY17 % chg. (yoy)

More information

Pennar Industries Ltd.

Pennar Industries Ltd. 4 Recommendation CMP Target Price Sector Stock Details BUY Rs. 25 Rs.31 Metals Moderate Quarter Pennar Industries has reported a moderate consolidated quarter due to lower demand in the auto, engineering,

More information

BUY. MENON PISTONS LTD Result Update (PARENT BASIS): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 3 rd, 2015

BUY. 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 information

Hawkins Cookers Ltd BSE Scrip Code:

Hawkins Cookers Ltd BSE Scrip Code: Hawkins Cookers Ltd BSE Scrip Code: 508486 Houseware September 05, 2012 Equity Statistics Current Market Price Rs. 1,667.5 52 Week High / Low Rs. 1759.9/1215 Market Capitalisation Rs. crores 881.7 Free

More information

Religare Investment Call

Religare Investment Call BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty Key Stock data BSE Code NSE Code Bloomberg Shares o/s, Cr (FV 2) Market Cap (Rs Cr) 3M Avg Volume 52 week H/L Shareholding Pattern (%) Promoter

More information

Bata India BUY. Performance Update. CMP Target Price `842. 1QFY2019 Result Update Footwear. Historical share price chart.

Bata India BUY. Performance Update. CMP Target Price `842. 1QFY2019 Result Update Footwear. Historical share price chart. Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 1QFY2019 Result Update Footwear July 23, 2018 Bata India Performance Update Y/E March (` cr) 1QFY19 1QFY18 % yoy

More information

Company Overview. Financial Performance

Company Overview. Financial Performance Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Nimbus Projects Limited CMP: 34. December 4, 15 Stock Details BSE code 511714 BSE ID NIMBSPROJ Face value ( ) 1 No of

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER 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 information

ITC Ltd. BUY CMP (Rs.) 304 Target (Rs.) 336 Potential Upside(%) 11% Valuation: Investment Rationale. For private circulation only

ITC Ltd. BUY CMP (Rs.) 304 Target (Rs.) 336 Potential Upside(%) 11% Valuation: Investment Rationale. For private circulation only Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18. Volume No.. I Issue No. 186 ITC Ltd September 21, 2018 BSE Code: 500875 NSE Code: ITC Reuters Code: ITC.NS Bloomberg

More information

Bata India BUY. Performance Update. CMP `1,008 Target Price `1,243. 2QFY2019 Result Update Footwear. Historical share price chart.

Bata India BUY. Performance Update. CMP `1,008 Target Price `1,243. 2QFY2019 Result Update Footwear. Historical share price chart. Nov-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 2QFY2019 Result Update Footwear November 3, 2018 Bata India Performance Update Y/E March (` cr) 2QFY19 2QFY18

More information