Bharat Forge Limited
|
|
- Branden Jennings
- 6 years ago
- Views:
Transcription
1 Bharat Forge Limited HOLD CMP: Rs Date: November 18, 2009 Key Ratios: Particulars FY09 FY10E FY11E OPM (%) NPM (%) ROE (%) ROCE (%) P/BV(x) P/E(x) EV/EBDITA(x) Debt Equity Ratio Key Data: Sector Automobile Ancillary Face Value Rs wk. High/Low (Rs.) /69.15 Volume (2 wk. Avg.) BSE Code V.S.R. Sastry Vice President Equity Research Desk vsrsastry@firstcallindiaequity.com Target Price: Rs Market Cap.: Rs mn. SYNOPSIS Bharat Forge is the second largest forging company in the world with operations at nine locations in six countries. It manufactures and sells forged and machined components for the automotive and nonautomotive sectors primarily in Europe, India, the United States, and the Asia Pacific. Company standalone revenues are grew by 29.1% and 4.3% with an amount of Rs.2.8 bn and 1.5bn respectively. Bharat Forge will raise USD 150 million nearly Rs 7.2 billion through various fund raising routes. Bharat Forge is mulling to foray Rs 500 billion and a targeted generation capacity of up to 10,000 MW, over the next ten years. The company to raise fresh debt / quasi equity to repay its first two tranche of FCCBs worth USD120mn in FY10 while the balance USD80mn is expected to be repaid in FY11. Share Holding Pattern: Dr. V.V.L.N. Sastry Ph.D. Chief Research Officer drsastry@firstcallindia.com 1
2 Table of Content Investment Highlights... 3 Peer Group comparison...4 Keyconcern. 4 Financials.5 Charts....7 Outlook and conclusions...8 Industry Overview
3 Investment Highlights Q2 FY10 Results Update Bharat Forge Ltd. announced earnings results for the second quarter ended September 30, The company has posted a net profit of Rs million for the second quarter ended September 30, 2009 compared with Rs million for the quarter ended September 30, Total income was at Rs million during the quarter ended September 30, 2009 while it was Rs million in the corresponding quarter previous fiscal. It reported earnings of Rs 1.20 a share, growth of 2.47 times as against same quarter in the previous year. Quarterly Results - standalone (RS in mn) As At Sept-09 Sept-08 %change Net sales (37) Net profit Basic EPS Bharat Forge mulls Rs 500 bn investment in power sector The Kalyani Group`s flagship company Bharat Forge, is mulling to foray Rs 500 billion and a targeted generation capacity of up to 10,000 MW, over the next ten years. Company is planning to establish power plants in Gujarat, Maharashtra, coastal Andhra Pradesh and Tamil Nadu. The company plans to diversify into other capital goods segment to de-risk itself from relying only on the auto components business. It has identified power sector as a priority area and is looking at generating 10,000 MW of power in the next ten years. 3
4 Obtains shareholder`s nod to raise Rs 7.2 bn Auto component maker Bharat Forge will raise USD 150 million nearly Rs 7.2 billion through various fund raising routes. The company is obtained shareholder`s nod to raise USD 150 million by way of issuing bonds, debentures or through global depository receipts to meet company`s long term financing requirements. Credit rating Credit rating agency, ICRA has assigned a long-term rating of LA+ to the proposed Rs. 3.5 billion Non-Convertible Debenture Programme of Bharat Forge. The outlook on the rating is stable. ICRA has also revised the rating assigned earlier to the Rs 2.5 billion NCD Programme, Rs 8.25 billion Fund-Based Limits and Rs 900 million Long-Term Loans of BFL from LAA- to LA+. Peer Group Comparison Name of the company CMP(Rs. ) Market Cap.(Rs.Mn.) EPS(Rs.) P/E(x) P/Bv(x) Dividend(%) Bharat Forge Ltd Denso India Ltd Bosch Ltd Wheels India Ltd Key Concerns Adverse Govt. policies High inflation rate Increasing competition. 4
5 Financials Results 12 Months Ended Profit & Loss Account (Standalone) Value(Rs.in.mn) FY08 FY09 FY10E FY11E Description 12m 12m 12m 12m Net Sales Other Income Total Income Expenditure Operating Profit Interest Gross profit Depreciation Profit Before Tax Tax Profit After Tax Equity capital Reserves Face value (Rs.) EPS
6 Quarterly Ended Profit & Loss Account (Standalone) Value(Rs.in.mn) 31-Mar Jun Sep Dec-09E Description 3m 3m 3m 3m Net sales Other income Total Income Expenditure Operating profit Interest Gross profit Depreciation Profit Before Tax Tax Profit After Tax Equity capital Face value (Rs.) EPS
7 Charts: 7
8 1 Year Comparative Graph Bharat Forge Ltd BSE SENSEX Outlook and Conclusion At the current market price of Rs , the stock is trading at x FY10E and x FY11E respectively. Price to Book Value of the stock is expected to be at 3.83 x and 3.53 x respectively for FY10E and FY11E. Earning per share (EPS) of the company for the earnings for FY10E and FY11E is seen at Rs.5.06 and Rs.6.13 respectively. The company to raise fresh debt / quasi equity to repay its first two tranche of FCCBs worth USD120mn in FY10 while the balance USD80mn is expected to be repaid in FY11. Bharat Forge will raise USD 150 million nearly Rs 7.2 billion through various fund raising routes. Bharat Forge is mulling to foray Rs 500 billion and a targeted generation capacity of up to 10,000 MW, over the next ten years. On the basis of EV/EBITDA, the stock trades at x for FY10E and x for FY11E. 8
9 We expect that the company will keep its growth story in the coming quarters also. We recommend Hold in this particular scrip with a target price of Rs Industry Overview Auto ancillary The Indian auto ancillary industry has come a long way since it had its small beginnings in the 1940s. If the evolution of the industry is traced in India, it can be classified into three distinct phases namely: Period prior to the entry of Maruti Udhyog Ltd, Period after the entry of Maruti Udhyog Ltd and Period post Liberalization. The period prior to the entry of Maruti Udhyog Ltd was characterized by small number of auto majors like Hindustan Motors, Premier Automobiles, Telco, Bajaj, Mahindra and Mahindra, low technology and assured business for most of the auto-component manufacturers. The entry of Maruti in the 1980s marked the beginning of the second phase of the industry. The auto ancillary industry in the country really showed a spurt in growth during this period. This period witnessed the emergence of a new generation of auto ancillary manufacturers who were required to meet the stringent quality standards of Maruti s Korean collaborator Suzuki of Japan. The good performance of Maruti resulted in a upswing for the domestic auto ancillary industry. It was during this period that auto components from India began to be exported. The entry of foreign automobile manufacturers ranging from Mercedes Benz, Ford, and General Motors to Daewoo following the government liberalizing the foreign investment limits saw the beginning of the third phase of the evolution of the industry. The auto ancillary industry witnessed huge capacity expansions and modernization initiatives in the post liberalization period. Technological collaborations and equity partnerships with world leaders in auto components became a common affair. However, the global automobile majors soon realized the folly of their estimations in India. The market did not seem to be as big as it appeared to be. 9
10 Hence, sales targets went awry. The tough competitive scenario saw a lot of consolidation in the industry and it still continues unabated. Consistent growth and dedication have made the Indian automobile industry the secondlargest tractor and two-wheeler manufacturer in the world. It is also the fifth-largest commercial vehicle manufacturer in the world. It is also the fifth-largest commercial vehicle manufacturer in the world. The Indian automobile market is among the largest in Asia. The key players like Hindustan Motors, Maruti Udyog, Fiat India Private Ltd, Tata Motors, Bajaj Motors, Hero Motors, Ashok Leyland, Mahindra & Mahindra have been dominating the vehicle industry. A few of the foreign players like Toyota Kirloskar Motor Ltd., Skoda India Private Ltd., Honda Siel Cars India Ltd. have also entered the market and have catered to the customers needs to a large extent. Not only the Indian companies but also the international car manufacturing companies are focusing on compact cars to be delivered in the Indian market at a much smaller price. Moreover, the automobile companies are coming up with financial schemes such as easy EMI repayment systems to boost sales. There have been exhibitions like Auto-expo at Pragati Maidan, New Delhi to share the technological advancements. Besides, there are many new projects coming up in the automobile industry leading to the growth of the sector. The Government of India has liberalized the foreign exchange and equity regulations and has also reduced the tariff on imports, contributing significantly to the growth of the sector. Having firmly established its presence in the domestic markets, the Indian automobile sector is now penetrating the international arena. Vehicle exports from India are at their highest levels. The 10
11 leaders of the Indian automobile sector, such as Tate Motors, Maruti and Mahindra and Mahindra are leading the exports to Europe, Middle East and African and Asian markets. The Ministry of Heavy Industries has released the Automotive Plan , with the motive of making India the most popular manufacturing hub for automobiles and its components in Asia. The plan focuses on the removal of all the bottlenecks that are inhibiting its growth in the domestic as well as international arena. Key points: Supply Demand Barriers to entry Competition : The Indian automobile market has some amount of excess capacity. : Largely cyclical in nature and dependent up on economic growth and per capita income. Seasonality is also a vital factor. : High capital costs, technology, distribution network, and availability of auto components. : High. Expected to increase even further. The Future Growth Drivers: Higher GDP Growth India's huge geographic spread- Mass Transport System Increasing Road Development Increasing disposable Income with the service sector Cheaper ( declining interest rates) & easier finance Schemes Replacement of aging four wheelers Graduating from two wheelers to four wheelers Increasing dispensable income of rural agri sector Growing Concept of Second Vehicle in Urban Areas. 11
12 Review of Indian Market The Indian Automotive Industry had witnessed strong growth across the board for the past five years (FY2003-FY2007) with CAGR of over 22%. The Passenger & Commercial Vehicle segments registered a growth of 21% & 26% respectively over the same period. The Markets in FY2008 took a breather and recorded a modest growth of 12%. The commercial vehicle market, the traditional mainstay of BFL in India, saw a sluggish growth of less than 5% in FY The LCV segment grew by 13% while the M&HCV segment declined by 1% over the previous year. The growth in domestic turnover of 11% is in line with the market, despite a drop of 1% in the M&HCV segment. This growth has been achieved on the back of: Increased traction with all major Commercial vehicle OEM s by becoming the preferred supplier for all the new platforms resulting in CV sector sales growing by 13.1% against CV segment growth of 4.8%. Enhanced presence in the tractor & agri equipment business, which grew at 40% during the year FY2008. 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 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. 12
13 Firstcall India Equity Research: B. Harikrishna Banking B. Prathap IT A. Rajesh Babu FMCG C.V.S.L.Kameswari Pharma U. Janaki Rao Capital Goods E. Swethalatha Oil & Gas D. Ashakirankumar Auto 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,takeover Offers, 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 & Debt Syndications 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 13
Amara 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 informationApollo 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 informationBharat Forge Ltd Result Update: Q3 FY 11
Bharat Forge Ltd Result Update: Q3 FY 11 C.M.P: Rs.314.90 Target Price: Rs.362.00 Date: 17 th Frb 2011 BUY Stock Data: Sector: Auto components Face Value Rs. 2.00 52 wk. High/Low (Rs.) 412.90/232.00 Volume
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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 informationHERO HONDA MOTORS LTD Result Update: Q1 FY 12 SYNOPSIS. C.M.P: Rs Target Price: Rs Date: July 22 nd 2011 BUY
HERO HONDA MOTORS LTD Result Update: Q1 FY 12 0 C.M.P: Rs. 1790.00 Target Price: Rs. 2022.00 Date: July 22 nd 2011 BUY Stock Data: Sector: Automobiles Face Value Rs. 2.00 52 wk. High/Low (Rs.) 2060.00/1377.95
More informationSteel Strips Wheels Ltd Result Update: Q1 FY 12
Steel Strips Wheels Ltd Result Update: Q1 FY 12 C.M.P: Rs. 222.00 Target Price: Rs. 251.00 Date: Oct. 8 th 2011 BUY Stock Data: Sector: Auto Component Face Value Rs. 10.00 52 wk. High/Low (Rs.) 474.40/206.35
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 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 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 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 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 informationEicher Motors SYNOPSIS. C.M.P: Rs Target Price: Rs Date: Aug 18 th 2011 BUY
Eicher Motors Ltd Result Update: Q2 CY 11 C.M.P: Rs. 1352.15 Target Price: Rs. 1528.00 Date: Aug 18 th 2011 BUY Stock Data: Sector: Automobile Face Value Rs. 10.00 52 wk. High/Low (Rs.) 1449.758/975.00
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 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 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 informationBUY KAR MOBILES LTD. CMP (Rs) Target Price (Rs) MAY 27 th, 2013 SYNOPSIS. Result Update: Q4 FY13
BUY CMP (Rs) 117.00 Target Price (Rs) 129.00 KAR MOBILES LIMITED Result Update: Q4 FY13 MAY 27 th, 2013 ISIN: INE916E01011 Stock Data Sector Auto Components BSE Code 590053 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 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 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 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 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 informationPeer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 486.00 Target Price 544.00 SWARAJ ENGINES LTD Result Update: Q3 FY13 Jan 23 rd, 2013 ISIN: INE277A01016 Stock Data Sector Auto Equipment BSE Code 500407 Face Value 10.00 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 informationBUY. MAGMA FINCORP LIMITED Result Update (CONSOLIDATED BASIS): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 9 th, 2015 ISIN: INE11C01022
BUY CMP 87.50 Target Price 102.00 MAGMA FINCORP LIMITED Result Update (CONSOLIDATED BASIS): Q1 FY16 SEPTEMBER 9 th, 2015 ISIN: INE11C01022 Index Details Stock Data Sector Finance (NBFCs) BSE Code 524000
More informationGodrej Consumer Products Ltd Result Update: Q1 FY 12
Godrej Consumer Products Ltd Result Update: Q1 FY 12 C.M.P: Rs. 420.15 Target Price: Rs. 475.00 Date: Aug 18 th 2011 BUY Stock Data: Sector: FMCG Face Value Rs. 1.00 52 wk. High/Low (Rs.) 479.70/325.20
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 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 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 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. 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 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 informationColgate Palmolive (India) Ltd Result Update: Q3 FY 12
Colgate Palmolive (India) Ltd Result Update: Q3 FY 12 C.M.P: Rs. 987.00 Target Price: Rs. 1115.00 Date: Feb 01 st, 2012 BUY Stock Data: Sector: FMCG Face Value Rs. 1.00 52 wk. High/Low (Rs.) 1084.30/783.20
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 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 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 informationDISA India Ltd Result Update: Q4 CY 11
DISA India Ltd Result Update: Q4 CY 11 C.M.P: Rs. 3663.65 Target Price: Rs. 4140.00 Date: April 10 th 2012 BUY Stock Data: Sector: Engineering Face Value Rs. 10.00 52 wk. High/Low (Rs.) 3748.00/1370.00
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 informationEICHER MOTORS LTD Result Update: Q3 CY13
EICHER MOTORS LTD Result Update: Q3 CY13 ISIN: INE066A01013 NOVEMBER 27 th, 2013 STOCK DETAILS Sector Automobile BSE Code 505200 Face Value 10.00 52wk. High / Low (Rs.) 4500.00/2512.00 Volume (2wk. Avg
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 informationGodrej Consumer Products Ltd Result Update: Q4 FY 11
Godrej Consumer Products Ltd Result Update: Q4 FY 11 C.M.P: Rs. 384.70 Target Price: Rs. 442.00 Date: May 4 th 2011 BUY Stock Data: Sector: FMCG Face Value Rs. 1.00 52 wk. High/Low (Rs.) 479.70/273.00
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 422.40 Target Price 480.00 HARITA SEATING SYSTEMS LTD Result Update (PARENT BASIS): Q2 FY16 NOVEMBER 12 th, 2015 ISIN: INE939D01015 Index Details Stock Data Sector Auto Parts & Equipment BSE Code
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 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 informationPEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)
BUY CMP 300.10 Target Price 340.00 ION EXCHANGE (INDIA) LIMITED Result Update (PARENT BASIS): Q3 FY15 MARCH 7 th 2015 ISIN: INE570A01014 Index Details Stock Data Sector Industrial Machinery BSE Code 500214
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 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 informationUttam Galva Steels Limited
Uttam Galva Steels Limited BUY CMP: Rs.119.25. Date: 6 Jan,2010. Key Ratios: Particulars FY08 A FY09 A FY10E FY11E OPM(%) 10 8 10 10 NPM(%) 4 2 3 3 ROE(%) 17 12 14 15 ROCE(%) 14 12 13 13 P/BV(x) 0.60 1.09
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 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 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 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 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 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 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 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 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 informationNet Sales EBIDTA PAT EPS
C.M.P: Rs.70.80 1 Year Comparative Graph Stock Data Sector Apollo Tyres Ltd Apollo Tyres Ltd Auto Tyres Face Value (Rs.) 1.00 52 wk. High/Low (Rs.) 82.55/28.25 Volume (2 wk. Avg.) 736000 BSE Code 500877
More informationBUY RURAL ELECTRIFICATION CORPORATION LTD. CMP Target Price NOVEMBER 27 th 2013 SYNOPSIS. Result Update: Q2 FY14 ISIN: INE020B01018
BUY CMP 221.95 Target Price 244.00 RURAL ELECTRIFICATION CORPORATION LTD Result Update: Q2 FY14 NOVEMBER 27 th 2013 ISIN: INE020B01018 Index Details Stock Data Sector Finance(NBFC) BSE Code 532955 Face
More informationHOLD ASIAN PAINTS LTD. Result Update: Q3 FY14. CMP Target Price JANUARY 21 st 2014 SYNOPSIS
HOLD CMP 475.00 Target Price 522.00 ASIAN PAINTS LIMITED Result Update: Q3 FY14 JANUARY 21 st 2014 ISIN: INE021A01026 Index Details Stock Data Sector Paints BSE Code 500820 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 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 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 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 informationBUY APOLLO TYRES LTD. CMP Target Price AUGUST 12 th, Highlights. Result Update (CONSOLIDATED BASIS): Q1 FY16
BUY CMP 187.50 Target Price 215.00 APOLLO TYRES LIMITED Result Update (CONSOLIDATED BASIS): Q1 FY16 AUGUST 12 th, 2015 ISIN: INE438A01022 Stock Data Sector Tyres & Tubes BSE Code 500877 Face Value 1.00
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 ASIAN PAINTS LTD. Result Update (CONSOLIDATED BASIS): Q2 FY16. CMP Target Price OCTOBER 24 th 2015 SYNOPSIS
BUY CMP 856.75 Target Price 945.00 ASIAN PAINTS LIMITED Result Update (CONSOLIDATED BASIS): Q2 FY16 OCTOBER 24 th 2015 ISIN: INE021A01026 Index Details Stock Data Sector Paints BSE Code 500820 Face Value
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 informationGlaxoSmithKline Consumer. Healthcare Ltd Result Update: Q3 CY 11 SYNOPSIS. C.M.P: Rs Target Price: Rs Date: Dec 05 th 2011 BUY
GlaxoSmithKline Consumer Healthcare Ltd Result Update: Q3 CY 11 C.M.P: Rs. 2522.00 Target Price: Rs. 2850.00 Date: Dec 05 th 2011 BUY Stock Data: Sector: Food Processing Face Value Rs. 10.00 52 wk. High/Low
More information