Company Overview. Financial Performance
|
|
- Phyllis Anderson
- 5 years ago
- Views:
Transcription
1 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: January 11, 2015 Stock Details BSE code BSE ID MEDINOV Face value ( ) 10 No of shares (m) 9 52 week H/L 46.60/23.80 Market cap ( m) days avg vol (No) 4,210 Free float ( m) 174 Stock performance (%) 1M 3M 12M Absolute 7.9% 7.0% 15.3% Rel. to Sensex 8.7% 14.5% 24.7% Shareholding Pattern* (%) Promoters FIIs DIIs Others 60.1% % % 39.9% *As of September 2015 Relative Chart MEDINOVA DIAGNOSTIC SERVICES LTD Sensex 30,000 29,000 28,000 27,000 26,000 25,000 24,000 23,000 Company Overview Medinova Diagnostic Services is engaged in the business of providing medical diagnostic and check-up services. The Company performs blood tests, cat scans, and related diagnostics in the fields of lab services, radiology, imageology, cardiology and gastroscopy. Industry Overview Healthcare is one of the largest sectors in India, both in terms of revenue and employment. India has been one of the exciting diagnostic markets globally over the past few years, with a growing share in In-vitro diagnostics industry. The phenomenal growth of laboratory automation, preventive healthcare generation and huge number of test menus across the labs in India have attracted a large number of people whose affordability have gone-up due to the sizable increase in their disposable income. There are about 50,000 60,000 clinical laboratories across India covering a diverse market consisting of private laboratories chains, hospitals run by Governments, Charities and non-profit organizations and a number of major private world class healthcare groups. Financial Performance Medinova Diagnostic Services revenues from operations for FY 15 declined 30.5% to 76.9 million compared to million in the previous year. The company has reported a net loss of 35.9 million in FY 15, compared to a loss of 0.2 million in FY 14. On QoQ basis Medinova revenues declined 22.6% to 17.5 million in Q2 16 than that of 22.6 million in Q2 15. Table1: Key Financials 0 22,000 (Y/e March) 2Q FY15 2Q FY 16 Source: Bloomberg Sales ( m) YoY Growth (%) -3.8% -11.1% -30.5% -5.1% -22.6% EBITDA ( m) EBITDA Margin 3.2% 8.8% -40.5% -18.1% 5.9% PAT ( m) (2.4) (0.2) (35.9) (4.7) (0.6) EPS ( ) (0.26) (2) (3.78) (0.45) NA YoY Growth (%) 7.1% 92.3% -1880% % NA Source: Company, Karvy Investment Advisory 1
2 Background and Business Description Medinova diagnostic services was established in the year 1985 as a pioneering concept in Diagnostics. The Company performs blood tests, cat scans, and related diagnostics in the fields of lab services, radiology, imageology, cardiology and gastroscopy. Medinova gives emphasis on providing quality services and is equipped with the latest state of the art diagnostic equipment procured from World renowned suppliers like GE, Marquette, Siemens, Hitachi etc. The quality of the tests performed at the centers of Medinova meet international standards and the company upgrades its equipment to make best use of latest technology. Medinova has four centers and three franchise centers offering services at various locations of the country and it has successfully completed two overseas consultancy assignments for projects at Nigeria and Zambia assisted by African development bank thereby marking its presence in the International arena. Medinova has the necessary expertise to undertake overseas turnkey projects. Key Strengths Pan India brand image Experienced work force Risks & Concerns Intense competition Lack of incorporation of rapidly changing technology Board of Directors Table 2: Composition of Board Name Dr. Sura Surendranath Reddy Mr. Sunil Chandra Kondapally Mrs. Suprita Reddy Sura Mr. K. V. Ravindra Reddy Mr. P. Kamalakar Rao Dr. G. Ramesh Ramayya Source: Company Relation with Company Chairman Managing Director Non-Executive Director Independent Director Independent Director Independent Director 2
3 Industry Overview Diagnostics sector in India is witnessing immense progress in innovative competencies and credibility. Technological advancements and higher efficiency systems are taking the market to new heights. The use of advanced and cuttingedge technologies in understanding a disease prognosis has further strengthened the sophistication level of participants in the sector. Diagnostic medical imaging is a rapidly growing field in the Indian diagnostics market, which has shown tremendous growth and high profits. While nuclear imaging is the fastest growing segment within the field, diagnostic lab services is another important division that has seen an increase in the number of unorganized players. The Indian IVD (In-vitro diagnostics) market is valued at more than $ 500 million and is expected to surpass $ 1.5 Billion by 2018 growing steady at a CAGR of 20%, according to a report by Prweb. This remarkable growth can be attributed to increased healthcare awareness, desire to undergo preventive health checkups, availability of disease specific tests, corporate setups promoting health focus of employees, and drift from manual to semi-automated and automated equipment. There are about 50,000 60,000 clinical laboratories across India covering a diverse market consisting of private laboratories chains, hospitals run by Governments, Charities and non-profit organizations and a number of major private world class healthcare groups. Apart from catering to people in the Tier I cities, IVD setups are now eyeing expansion in the Tier II and Tier III cities. This can be attributed to high revenue generating option that lie untapped in these cities clubbed with minimum investment required in order to generate high revenues. These IVD majors tie-up with the existing high reputation laboratory adding value in terms of providing technical help as well as contributing significantly in the advising physicians panel. It is expected that the increasing demand for automated diagnosis will fuel the segment s growth. Competition analysis Company CMP ( ) Mcap ( m) Rev ( m) OPM (%) EPS ( ) PE (x) % NM Dhanvantri Jeevan Rekha Ltd % Secunderabad Healthcare Ltd % NM Source: BSE 3
4 Financial Analysis For the period ending 31 March, 2015, Medinova Diagnostic Services reported revenues of 76.9 million, representing 30.5% fall when compared to the revenues in FY 14. The company s EBITDA suffered a decline from 9.7 million in FY 14 to (31.2) million for FY 15, due to reduction in revenues. Year end March Income statement ( million) Revenue % growth -3.8% -11.1% -30.5% EBITDA (31.2) % EBITDA margin 3.2% 8.8% -40.5% Depreciation and amortisation EBIT (41.5) Interest PBT (2.7) 3.0 (42.1) Tax (0.2) 3.1 (6.2) Net profit (2.4) (0.2) (35.9) % growth net profit % -92.0% % Balance sheet ( million) Shareholder fund (31.7) (31.9) (67.8) Long term liabilities Current liabilities Fixed assets Current assets Cash & cash equivalents Cash flow statement Cash flow operations Cash flow from investing Cash flow from financing Per share data EPS ( ) (0.26) (2) CEPS ( ) NA NA (2.70) DPS ( ) BVPS ( ) (3.38) (3.27) (7.14) Financial Ratios % ROE NM NM NM ROCE -1.5% NM NM Debt/Equity NM NM NM Interest coverage ratio NM NM NM Current ratio Cash ratio Source: Company, Karvy Investment Advisory 4
5 Financial Snapshot Revenue growth (%) EBITDA margin (%) % -5.0% -1% -15.0% -2% -25.0% -3% -35.0% % 1% % -1% -2% -3% -4% -5% Revenue ( m) % growth EBITDA ( m) % EBITDA margin Net Profit Margin (%) % -1% -2% -3% -4% 0-5 BVS & EPS Net Profit ( m) -5% % net profit margin Book value per share ( ) EPS diluted ( ) Liquidity ratios Current ratio Cash ratio Source: Karvy Investment Advisory 5
6 DISCLAIMER Karvy Investment Advisory Services Ltd (KIASL), an entity of the Karvy Group, has taken utmost care to ensure accuracy and objectivity while writing this report based on publicly available information or from sources considered reliable. However, neither the accuracy nor completeness of information contained in this report is guaranteed. Opinions expressed herein are our current opinions as on the date of this report. Nothing in this report can be construed as either investment or any other advice or any solicitation, whatsoever. The subscriber/user assumes the entire risk of any use made of this report or data herein. KIASL specifically states that it or any of its entities or employees do not have any financial liabilities whatsoever to the subscribers / users of this report. This report is for personal information of the authorized recipient in India only. This report or any part of it should not be reproduced or redistributed or communicated directly or indirectly in any form to any other person or published or copied for any purpose. DISCLOSURE Associates of KIASL might have received compensation from the subject company mentioned in the report during the period preceding twelve months from the date of this report for investment banking or merchant banking or brokerage services from the subject company in the past twelve months or for services rendered as stock broker, Registrar and Share Transfer Agent, Commodity Broker, Currency and forex broker, merchant banker and underwriter, Investment Advisory services, insurance repository services, consultancy and advisory services, realty services, data processing, profiling and related services or in any other capacity. KIASL encourages independence in research report preparation and strives to minimize conflict in preparation of research report. Compensation of KIASL Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. KIASL generally prohibits its analysts, persons reporting to analysts and their relatives from maintaining a financial interest in the securities or derivatives of any companies that the analysts cover. KIASL and/or its subsidiaries and /or its group companies collectively or Research Analysts do not own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the research report. KIASL or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report and have no financial interest in the subject company mentioned in this report. Accordingly, neither KIASL nor Research Analysts have any material conflict of interest at the time of publication of this report. It is confirmed that KIASL and Research Analysts primarily responsible for this report and whose name(s) is/ are mentioned therein of this report have not received any compensation from the subject company mentioned in the report in the preceding twelve months. PUBLISHED BY KIASL is a part of the Karvy Group, a premier integrated financial services provider. We offer a wide array of investment advisory services including Comprehensive Financial Planning, Wealth Review and Investment Strategy services, Equity Review and Investment Strategy, Mutual Fund Review and Investment Strategy, Wealth Advice Package, and Wealth Planning for Retired Individuals. Head Office: 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad, , Telangana, India. Tel:
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 informationCompany 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 informationCompany 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 informationCompany 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 informationCompany 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 informationCompany 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 informationCompany 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 informationCompany Overview. Industry Overview. Financial Performance
CMP: 6.31 January 25, 2016 Stock Details BSE code 533100 BSE ID PEIL Face value ( ) 10 No of shares (m) 41 52 week H/L 17.70/4.03 Market cap ( m) 261 30 days avg vol (No) 1,156 Free float ( m) 89 Stock
More informationCompany 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 informationCompany 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: 31.25 December 24, 2015 Stock Details BSE code 523878 BSE ID TOTEX Face value ( ) 10 No of shares (m) 8.1 Market
More informationCompany Overview. Financial Performance
CMP: 14.00 February 11, 2016 Stock Details BSE code 521167 BSE ID FRONTBUSS Face value ( ) 5 No of shares (m) 21.3 52 week H/L 31.3/12.1 Market cap ( m) 298.5 30 days avg vol (No) 42,670 Free float ( m)
More informationCompany 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 CMP: 25.20 December 30, 2015 Stock Details BSE code 524440 BSE ID CAMEXLTD Face value ( ) 10 No of shares (m) 10.2 52
More informationCompany 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 informationCompany 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 informationCompany 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 Chemtech Industrial Valves Limited CMP: 25.00 February 02, 2016 Company Overview Stock Details BSE code 537326 BSE ID
More informationCompany 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 Jan-16 Shri Jagdamba Polymers Ltd. CMP: 44.2 January 15, 216 Stock Details BSE code 512453 BSE ID SHRJAGP Face value
More informationCompany Overview. Industry Overview. Financial Performance
CMP: 30.50 January 29, 2016 Stock Details BSE code 537669 BSE ID SIVI Face value ( ) 10 No of shares (m) 6 52 week H/L 49.50/20 Market cap ( m) 175 30 days avg vol (No) 300 Free float ( m) 49 Stock performance
More informationCompany 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: 6.22 January 18, 2016 Stock Details BSE code 526735 BSE ID EXCAST Face value ( ) 2 No of shares (m) 41 52 week H/L
More informationCompany 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 Consolidated Securities Ltd CMP: 78 December 31, 2015 Stock Details BSE code 530067 BSE ID CNSDSEC Face value (र ) 10
More informationCompany Overview. Financial Performance
CMP: 7.89 January 28, 2016 Stock Details BSE code 539046 BSE ID MNKCMILTD Face value ( ) 1 No of shares (m) 66 52 week H/L 18.85/2.33 Market cap ( m) 261 30 days avg vol (No) 12,435 Free float ( m) 89
More informationCompany Overview. Financial Performance
Jan-15 Feb-15 Mar-15 Apr-15 May- Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 TCM Limited CMP: 9.25 January 7, 216 Stock Details BSE code 524156 BSE ID TCMLMTD Face value ( ) 1 No of shares (m) 3.39
More informationVisaka Industries Ltd
Company Update Superior Product Mix & New Age Markets to Aid Growth New investments to aid growth: Visaka continues to give a good set of numbers. YoY EPS grew at 142% aided by a revenue growth of 1.5%
More informationHCC BUY. Infrastructure April 10, QIP step in the right direction EVENT UPDATE. India Research. Bloomberg: HCC IN Reuters: HCNS.
Jan-14 Mar-14 Apr-14 May-14 Jul-14 Aug-14 Sep-14 Nov-14 Dec-14 Jan-15 India Research Infrastructure April 10, 2015 EVENT UPDATE Bloomberg: IN Reuters: HCNS.BO BUY QIP step in the right direction has successfully
More informationFineotex 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 informationCummins India Ltd Bloomberg Code: KKC IN
Company Update Margins Under Pressure; Domestic Recovery Underway Half-yearly revenue was flat; margins were under pressure: Cummins India revenue, EBITDA and PAT for H1FY17 reached to Rs.24,784mn, Rs.4,649mn
More informationSQS India BFSI Ltd HOLD. Impact of Macro Headwinds Still Hurting; Revenue from US May Pick up in FY18E
Company Update Impact of Macro Headwinds Still Hurting; Revenue from US May Pick up in FY18E EBITDA Margins recovered by 618 bps QoQ: The company has witnessed many challenges over the year FY17 starting
More informationAhluwalia Contracts (India)
May-14 Jul-14 Aug-14 Sep-14 Oct-14 Dec-14 Jan-15 Feb-15 Apr-15 May-15 India Research Infrastructure May 22, 215 QUARTERLY REVIEW Bloomberg: AHLU IN Reuters: AHLU.BO BUY Better performance ahead ACIL posted
More informationHindustan Unilever (RHS)
Jul-14 Aug-14 Oct-14 Nov-14 Dec-14 Feb-15 Mar-15 Apr-15 Jun-15 Jul-15 India Research FMCG July 22, 2015 QUARTERLY REVIEW Bloomberg: HUVR IN Reuters: HLL.BO SELL Higher A&P drove volume growth HUL s Q1FY16
More informationSimplex Infrastructures
May-14 Jul-14 Aug-14 Sep-14 Nov-14 Dec-14 Jan-15 Mar-15 Apr-15 May-15 India Research Infrastructure May 27, 2015 QUARTERLY REVIEW Bloomberg: SINF IN Reuters: SINF.BO HOLD Working capital ease to improve
More informationPunjab National Bank
Nov-14 Dec-14 Jan-15 Mar-15 Apr-15 May-15 Jul-15 Aug-15 Sep-15 Nov-15 India Research Banking November 09, 2015 QUARTERLY REVIEW Bloomberg: PNB IN Reuters: PNBK.BO SELL Asset quality improves but recovery
More informationCompany Overview. FY15 and recent performance. Table 1: Key financials. Source: Company, Varhad Research
Electronic Components l BSE Research SPEL Semiconductor Ltd. CMP: INR13.88 Stock data BSE code 517166 BSE ID SPELS Face value (INR) 10.0 No of shares (m) 46.1 Market cap (INRm) 640.1 3m avg. daily vol
More informationCompany Overview. FY15 and recent performance. The company has operating profit of INR65.2m in Q2FY16. Table 1: Key financials
IT Software Products l BSE Research ABM Knowledgeware Ltd. The Varhad Group CMP: INR265.40 Stock data BSE code 531161 BSE ID ABMKNO Face value (INR) 10.0 No of shares (m) 10.0 Market cap (INRm) 2,654.3
More informationPidilite Industries Ltd
Company Update De-stocking as an initial response to GST implementation caused subdued performance; Brighter long term business prospects ahead The company has recorded sales of Rs. 16693 Mn in as against
More informationCompany Overview. FY15 and recent performance. Table 1: Key financials. Source: Company, Varhad Research
Plastic Products l BSE Research Caprihans India Ltd. The Varhad Group CMP: INR92.15 Stock data BSE code 509486 BSE ID CAPRIHANS Face value (INR) 10 No of shares (m) 13.1 Market cap (INRm) 1,210.3 3m avg.
More informationBharat Electronics Ltd
Company Update Excellent Margins Led by Strong Revenue Growth Revenue Analysis: Total order backlog as on Oct 1, 216 stood at Rs. 347 Bn, out of this, export order back log is US$.1 Bn. Incremental orders
More informationCompany Overview. FY15 and recent performance. In Q2FY16, revenue has increased by 18% YoY to INR801.8m. Table 1: Key financials
Edible Oils l BSE Research Kriti Nutrients Ltd. CMP: INR20.90 Stock data BSE code 533210 BSE ID KRITINUT Face value (INR) 1 No of shares (m) 50.1 Market cap (INRm) 1,047.2 3m avg. daily vol (No) 23,990.3
More informationCompany Overview. FY15 and recent performance. Company declared dividend of INR1.0 per share for FY15. Table 1: Key financials
Comm. Trading & Distribution l SME Research Ricoh India Ltd. CMP: INR945.25 Stock data BSE code 517496 BSE ID RICOHQ Face value (INR) 10 No of shares (m) 39.8 Market cap (INRm) 37,590.9 3m avg. daily vol
More informationCompany Overview. FY15 and recent performance. Table 1: Key financials (Consolidated) Source: Company, Varhad Research
Specialty Chemicals l BSE Research Ultramarine & Pigments Ltd. CMP: INR112.90 Stock data BSE code 506685 BSE ID ULTRAMAR Face value (INR) 2.0 No of shares (m) 29.2 Market cap (INRm) 3,296.7 3m avg. daily
More informationCentury Plyboards (India)
: price: EPS: How does our one year outlook change? Century Plyboards (India) (CPBI) 2QFY17 revenues grew by 6% yoy driven by 2% yoy growth in plywood products and 11% yoy growth in laminate products.
More informationDr Reddy s Laboratories
: price: EPS: How does our one year outlook change? We maintain rating on DRRD post the company s 3QFY16 results Revenue growth for the quarter was muted (3% yoy) due to disappointing performances in Russia
More informationHOLD. Deleveraging story playing out RAMCO CEMENTS. Target Price: Rs 503. Q4 performance
RAMCO S HOLD Target Price: Rs 503 Deleveraging story playing out Ramco Cements total debt reduced by a massive Rs 5 bn to Rs 22 bn in FY16. The company generated total EBITDA of Rs 11.5 bn in FY16 and
More informationVakrangee Ltd BUY. Speciality Retail. Company Update. Aug 07, Vakrangee Ltd. Recommendation (Rs.)
Company Update Speciality Retail Addition of Service Offerings will Ramp up the Business PAT increased by 38.3% YoY on strong revenue growth: During Q1FY18, the revenue stood at Rs. 13047 Mn as against
More informationBDH Industries Limited BSE Scrip Code:
BDH Industries Limited BSE Scrip Code: 524828 Pharmaceuticals October 23, 2012 Equity Statistics Current Market Price Rs. 16.95 52 Week High/Low Rs. 21.00/13.15 Market Capitalisation Rs. Crores 9.76 Free
More informationThe Varhad Group. Prag Bosimi Synthetics Ltd. Company Overview. FY15 and recent performance CMP: INR5.56. Stock data. Stock performance (%)
Textiles l BSE Research Prag Bosimi Synthetics Ltd. CMP: INR5.56 Stock data BSE code 500192 BSE ID PRAGBOS Face value (INR) 10.0 No of shares (m) 74.4 Market cap (INRm) 413.6 3m avg. daily vol (No) 2,491.6
More informationCompany Overview. FY15 and recent performance. Table 1: Key financials. Source: Company, Varhad Research
Movies & Entertainment l BSE Research JMD Telefilms Industries Ltd. The Varhad Group CMP: INR2.82 Stock data BSE code 511092 BSE ID JMDTELEFILM Face value (INR) 1 No of shares (m) 144.3 Market cap (INRm)
More informationAmber 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 informationMCX Ltd. Rating: Target price: EPS: Tepid volume growth continues. Target. Rating CMP. Rs. 1,080 SELL. Rs. 1,176
: price: EPS: Tepid volume growth continues 4QFY15 traded volumes in MCX showed a small improvement sequentially whereas declined yoy. FY15 traded Values are at a sever year low. We retain our cautious
More informationEquity 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 informationAditya 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 informationITC Ltd. RESULT UPDATE 27th October, 2017
. RESULT UPDATE 27th October, 2017 Oct-14 Apr-15 Oct-15 Apr-16 Oct-16 Apr-17 Oct-17 India Equity Institutional Research II Result Update - II 27th October, 2017 CMP INR 269 Target INR 349 Potential Upside
More informationBlue 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 informationSymphony Ltd. RESULT UPDATE 31st October 2017
. RESULT UPDATE 31st October 2017 Oct-14 Apr-15 Oct-15 Apr-16 Oct-16 Apr-17 Oct-17 India Equity Institutional Research II Result Update Q2FY18 II 31st October 2017. CMP INR 1,465 Target INR 1,700 Potential
More informationVolant 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 informationGarware 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 informationMRF 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 informationKEI 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 informationGoodyear 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 informationCentury Plyboards (India)
: price: EPS: How does our one year outlook change? We continue to maintain our positive stance on Century Plyboards (CPBI) as it is one of the leading players in the organized plywood market and third
More informationReligare Technologies Ltd BSE Scrip Code:
Religare Technologies Ltd BSE Scrip Code: 533525 IT Consulting & Software October 15, 2012 Equity Statistics Current Market Price Rs. 17.05 52 Week High/Low Rs. 44.90/13.70 Market Capitalisation Rs. Crores
More informationKEI 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 informationBUY. 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 informationBloomberg 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 informationPrabhat Dairy Ltd. RESULT UPDATE 8th June, 2018
RESULT UPDATE 8 th June, 2018 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 India Equity Institutional Research II Result Update - Q4FY18 II 8 th June, 2018 2 Under Expansion Mode CMP
More informationThe Byke Hospitality Ltd
Consumer Discretionary-Gaming, Lodging & Restaurants Bloomberg Code: BYKE IN India Research - Stock Broking Unique Asset Light Business Model Continues to Scale New Heights Room inventory addition to drive
More informationNOW ON APP Research at your finger tips
NOW ON APP Research at your finger tips 15 FEB 2018 Quarterly Update BUY Target Price: Rs 470 ODC project takes breather; to rebound in Q4 Q3 pre-sales declined QoQ to Rs 1 bn (Rs 1.7 bn in Q2) on lower
More informationAdani Ports & SEZ Rating: Target price: EPS:
Adani Ports & SEZ : price: EPS: Volume traction continues in a seasonally good quarter; maintain Adani Ports & SEZ reported a good quarter with total operating revenues (standalone) of Rs. 8.02bn and PAT
More informationIST 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 informationRoyal India Corporation Limited BSE Scrip Code:
Royal India Corporation Limited BSE Scrip Code: 512047 Other Apparels & Accessories September 13, 2012 Equity Statistics Current Market Price Rs. 78.1 52 Week High / Low Rs. 97.9/58.5 Market Capitalisation
More informationQuick 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 informationMCX Ltd. Rating: Target price: EPS: Is commodity option a game changer for MCX? - Unlikely. Target. Rating CMP. Rs. 1,080 SELL. Rs.
: price: EPS: Is commodity option a game changer for MCX? - Unlikely In the union budget 2015-16, the Finance Minister announced the much anticipated merger of SEBI and FMC. Given the powers accorded to
More informationAmara Raja Batteries BUY. Performance Highlights. CMP `1,010 Target Price `1,167. 2QFY2017 Result Update Auto Ancillary. 3-year price chart
2QFY217 Result Update Auto Ancillary November 8, 216 Amara Raja Batteries Performance Highlights BUY CMP `1,1 Target Price `1,167 Y/E March (` cr) 3QFY16 3QFY15 % chg (yoy) 2QFY16 % chg (qoq) Net Sales
More informationITC 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 informationLarsen & Toubro Ltd.
Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Volume No.. III Issue No. 163. Larsen & Toubro Ltd. February 26, 2018 BSE Code: 500510 NSE Code: LT Reuters Code:
More informationKey estimate revision. Financial summary. Year FY14 391,088 45,198 34, FY15E 354,262 35,426 23,
: price: EPS: How does our one year outlook change? We retain our negative stance on the stock. We expect s revenue to de-grow by 9% y-o-y on the back of muted execution (client side and clearance delays)
More informationS R K Industries Ltd. BSE Scrip Code:
S R K Industries Ltd. BSE Scrip Code: 531307 Textiles March 15, 2013 Equity Statistics Current Market Price Rs. 28.4 52 Week High/Low Rs. 32.65/2.90 Market Capitalisation Rs. Crores 10.71 Free Float Rs.
More informationMarico Kaya BUY RESULTS REVIEW 4QFY15 29 APR 2015
RESULTS REVIEW 4QFY15 29 APR 2015 Marico Kaya INDUSTRY FMCG CMP (as on 28 Apr 2015) Rs 1,635 Target Price Rs 1,823 Nifty 8,240 Sensex 27,226 KEY STOCK DATA Bloomberg MAKA IN No. of Shares (mn) 13 MCap
More informationKalpataru Power. Rating: Target price: EPS: Rating CMP. Target BUY. Rs Rs.256
: price: EPS: How does our one year outlook change? We expect KPP s revenue (standalone) to grow by 21% y-o-y in FY17E backed by an order book of Rs. 91bn (1.7x FY17E book-to-bill). Both Transmission line
More informationMargins(%) EBITDA 30.0% 26.3% 25.4% NPM 26.5% 12.5% 18.1%
RESULTS REVIEW Share Data Market Cap Rs. 1,460.7 bn Price Rs. 177.2 BSE Sensex 15,049.86 Reuters NTPC.BO Bloomberg NATP IN Avg. Volume (52 Week) 2.6 mn 52-Week High/Low Rs. 291 / 148.75 Shares Outstanding
More informationProcter & Gamble Hygiene & Health Care
3QFY216 Result Update FMCG May 6, 216 Procter & Gamble Hygiene & Health Care Performance Highlights Quarterly Data (` cr) 3QFY16 3QFY15 % yoy 2QFY16 % qoq Revenue 614 555 1.5 714 (14.) EBITDA 133 123 8.5
More informationIndag Rubber Ltd Bloomberg Code: IDR IN
Industrials-Transportation Equipment-Commercial Vehicles Bloomberg Code: IDR IN India Research - Stock Broking Set to Ride on Commercial Vehicle Growth with Strong Cash Flows and Balance Sheet Recovery
More informationMahindra & 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 informationBlue 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 informationColgate-Palmolive India Ltd.
RESULT UPDATE 5th February, 2018 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 India Equity Institutional Research II Result Update - Q3FY18 II 5th February, 2018 CMP INR 1,120 MARKET DATA Target INR
More informationGraphite 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 informationReligare Investment Call
BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty 378 430 13.7% 31,159 9,625 Future looks promising Wonderla Holidays Ltd's Q4FY17 result was a mixed bag as the company reported healthy growth
More informationGAIL 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 informationLippi 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 informationCCL 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 informationSHRIRAM TRANSPORT FINANCE COMPANY LTD
27 June 2017 SHRIRAM TRANSPORT FINANCE COMPANY LTD CMP INR 975 Initiating Coverage (BUY) Target Price INR 1225 Stock Details Industry Finance (including NBFCs) Bloomberg Code SHTF:IN BSE Code 511218 Face
More informationReligare 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 informationFY17 FY18 FY19E FY20E
3-Aug-15 3-Oct-15 3-Dec-15 3-Feb-16 3-Apr-16 3-Jun-16 3-Aug-16 3-Oct-16 3-Dec-16 3-Feb-17 3-Apr-17 3-Jun-17 3-Aug-17 3-Oct-17 3-Dec-17 3-Feb-18 3-Apr-18 3-Jun-18 Result Update STRONG BUY * August 6, 218
More informationPunjab National Bank ACCUMULATE. Performance Highlights. CMP `1,115 Target Price `1,259. 3QFY2011 Result Update Banking.
3QFY2011 Result Update Banking January 21, 2011 Punjab National Bank Performance Highlights Particulars (` cr) 3QFY11 2QFY11 % chg (qoq) 3QFY10 % chg (yoy) NII 3,203 2,977 7.6 2,329 37.5 Pre-prov. profit
More informationMahindra & 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 informationKey estimate revision. Financial summary. Year FY15 121, % 16, % FY16E 137, % 20,
: price: EPS: How does our one year outlook change? We maintain rating on Aurobindo post the company s 3QFY16 results. Revenue growth for the quarter was 10% yoy: US sales of $238mn (vs. estimate of $251mn
More informationApollo Hospitals Enterprise Ltd.
Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17. Volume No.. I Issue No. 154 Apollo Hospitals Enterprise Ltd. December 19, 2017 BSE Code: 508869 NSE Code: APOLLOHOSP
More informationHDFC Bank BUY. Performance Highlights. CMP `2,145 Target Price `2,500. Q3FY2019 Result Update Banking. 3-year price chart. Key financials (Standalone)
Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 Jan-19 Q3FY2019 Result Update Banking Jan 22, 2019 HDFC Bank Performance Highlights BUY CMP `2,145 Target Price `2,500 Particulars (` cr)
More informationFinancial Data Report CIEL LTD (THE GROUP) for the period ending 31.Dec.2017
Financial Data Report CIEL LTD (THE GROUP) for the period ending 31.Dec.2017 Equity Statistics Particulars Units 29-Dec-17 Current Market Price MUR 7.14 52 week H/L* MUR 7.94 / 6.26 Market Capitalisation
More informationRamco Cement. Rating: Target price: EPS: Rating CMP. Target BUY. Rs.415. Rs. 360
: price: EPS: How does our one year outlook change? We maintain our positive stance on s (TRCL). The company is one of the largest cement producers in South and remains among the best plays on Southern
More informationFinancial Data Report Cim Financial Services Limited (THE GROUP) for the period ending 31.Dec.2017
Financial Data Report Cim Financial Services Limited (THE GROUP) for the period ending 31.Dec.2017 Equity Statistics Particulars Units 29-Dec-17 Current Market Price MUR 10.05 52 week H/L* MUR 10.50 /
More informationSIEMENS INDIA LIMITED RESEARCH
RESULTS REVIEW Siemens India Limited Hold Share Data Market Cap Rs. 196.1 bn Price Rs. 581.6 BSE Sensex 14,961.07 Reuters Bloomberg Avg. Volume (52 Week) SIEM.BO SIEM IN 0.2 mn 52-Week High/Low Rs. 1,142.5
More information