BGR Energy. Buy. Target price: Rs958. Large EPC order expected in FY11; order-book to double to Rs200b
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1 BSE SENSEX S&P CNX 19,509 5,857 Target price: Rs958 Update SECTOR: ENGINEERING BGR Energy Buy Large EPC order expected in FY11; order-book to double to Rs200b Bloomberg BGRL IN Reuters BGRE.BO Equity Shares (m) Week Range (Rs) 871/438 1,6,12 Rel. Perf. (%) -7/-12/27 M.Cap. (Rs b) 49.8 M.Cap. (US$ b) 1.1 Y/E March E 2012E Sales (Rs b) EBITDA (Rs b) Net Profit (Rs b) EPS (Rs) EPS Gr. (%) BV/Share (Rs) P/E (x) P/BV (x) EV/EBITDA (x) EV/ Sales (x) RoE (%) RoCE (%) Shareholding pattern % (Sep-10) Others, 5.3 Foreign, 7.6 Domestic Inst, 6.0 Promoter 81.2 Stock performance (1 year) Dec-09 Mar-10 BGR Energy Sensex - Rebased Jun-10 Sep-10 Dec-10 In meetings with investors at a road-show in Mumbai, hosted by Motilal Oswal Securities, BGR Energy reiterated its strong growth outlook over FY The company said FY11 order inflows would exceed Rs120b, providing strong earnings visibility for FY12 and FY13. BGR is well placed in NTPC bulk tenders and may potentially win five boiler units. Expects large EPC contract in FY11; order-book expected to double: BGR is technically qualified for two super-critical projects of the Rajasthan Electricity Board, each with 2x 660MW configuration, and an order value of Rs65b. BGR expects to win at least one of them. There has been a delay in price bid submission for the projects (it was expected in September 2010). However, the management expects bid-opening will be completed in December. Success in the project will ensure order inflow of Rs120b, almost 3.5x FY10 order intake, providing significant earnings visibility for FY12 and FY13. The company also expects bids to be invited for a 600MW power project in Tamil Nadu. BGR is executing a 600MW power project in the state and has bid for the boiler package of NTPC bulk tender (11x 660MW). We expect BGR's orderbook to double to Rs200b, by the end of FY11 from Rs105b at the end of 2QFY11. Aggressively targeting the IPP market: BGR is aggressively targeting the IPP (Independent Power Producers) market in the EPC and BoP space, given its limited presence in that space. The company is in talks with six IPPs for EPC and BoP contracts. The management hopes to close at least one order in the next couple of quarters. BGR recently received an order worth Rs21.68b for BoP work for 2 x 660MW super-critical projects in Andhra Pradesh from Gayatri Projects (Andhra Pradesh) and Sembcorp (Singapore) consortium. BGR's scope of work in the projects includes the design/epc for the BoP of 2 x 660MW projects in Krishnapatnam. It is BGR's single largest BoP order. Construction for BTG plant to begin by April 2011: BGR recently formed two JVs with Hitachi to make BTG for power plants and will invest Rs44b to build power units with over 4,000MW capacity. In a turbine-generator (TG) JV, named BGR Turbines Company (P) Ltd, BGR will have 74% stake and in the boiler JV, BGR Boilers Pvt. Ltd, it will have 70% stake. BGR has acquired land near Chennai for the boiler plant and is acquiring land for the TG plant. The JV's debt/equity structure is 70:30 and BGR's equity commitment is Rs9.5b, which it expects to meet internally. Execution on track, earnings CAGR 37% over FY10-12; maintain Buy: The company is in an advanced stage of execution of two power projects, a 1,200MW project in Rajasthan and a 600MW project in Tamil Nadu and has booked nearly 55% of revenue. We expect strong 45% revenue CAGR over FY10-12, driven mainly by the two projects. We expect BGR to post earnings of 37% CAGR over FY The stock trades at 13x FY12E earnings. We maintain a Buy recommendation on the stock, with a target price of Rs958, based on 18x FY12E earnings. We have not factored-in value of the JVs. Dhirendra Tiwari (Dhirendra.Tiwari@MotilalOswal.com); Tel: Navneet Iyengar (Navneet.Iyengar@MotilalOswal.com); Tel:
2 BGR is turning into an integrated power equipment play Equipment Manufacturing BOP Power EPC JV Route Two EPC contracts, Projects Projects 1,800MW capacity, to be completed in FY11 BOP - Component Manufacturing Among most respected BOP contractors Implementing 2 x 600MW and 1 x 600MW projects JV with Hitachi - has bid for NTPC tender Growing presence across power sector The TNEB project was 60% complete and the REB project was 55% complete by the end of 1HFY11 Execution of EPC power projects on track 1 x 600MW Mettur, Tamil Nadu Electricity Board: The company received an order valued at Rs31b in June 2008, to be executed over 39 months. The contract was on an EPC basis, including a 400kV and 220kV gas insulated substation, river water in-take pump house and a pipe bridge across the river. BGR is sourcing BTG from DongFang, China. The project was 60% complete by the end of 1HFY11. 2 x 600MW Kalisindh (Jalawar), Rajasthan Electricity Board: BGR received an order worth Rs49b (US$405m + Rs32.96b) in July 2008, to be executed over 42 months. The contract was on an EPC basis. BGR is sourcing BTG from DongFang, China. The project was 55% complete by the end of 1HFY11. BGR's project execution gathers momentum from 3QFY10 Revenues (Rs b) Grow th (%, YoY) QFY09 2QFY09 3QFY09 4QFY09 1QFY10 2QFY10 3QFY10 4QFY10 1QFY11 2QFY11 EBITDA margins expected to be maintained (%) QFY08 2QFY08 3QFY08 4QFY08 1QFY09 2QFY09 3QFY09 4QFY09 1QFY10 2QFY10 3QFY10 4QFY10 1QFY11 2QFY11 10 December
3 Ongoing projects Size Project Client Value Scope Completed (Rs m) (%) 2 x 660 MW Jalawar, Raj. Rajasthan SEB 49,000 EPC 55 1 x 600 MW Mettur, T.N. Tamil Nadu SEB 31,000 EPC 60 2 x 660 MW Krishnapatanam*, A.P. Gayatri / Sembcorp 21,680 BoP - 2 x 500 MW Marwa, Chattisgarh CSPGCL 16,330 BoP 20 2 x 500 MW Chandrapur, Maharashtra MAHAGENCO** 16,320 BoP 15 1 x 500 MW Kothagudam, A.P. APGENCO* 7,930 BoP 75 1 x 500 MW Khaperkheda, Maharashtra MAHAGENCO** 9,980 BoP 85 1 x 500 MW Kakatiya, A.P. APGENCO* 6,949 BoP Complete * Recently awarded We expect BGR's order-book to double to Rs200b, by the end of FY11 Strong outlook for new order flow BGR is technically qualified for two super-critical projects of the Rajasthan Electricity Board, each with 2 x 660MW configuration, with an order-value of Rs65b. BGR expects to bag at least one of them. There has been delay in price bid submission for the projects (it was expected in September 2010). However, the management expects the bid-opening process will be complete in December. Success in the project will ensure order-inflow of Rs120b, almost 3.5x FY10 order-intake, providing earnings visibility for FY12 and FY13. The company also expects bids to be invited for a 1 x 600MW power project in Tamil Nadu. BGR is executing a 600MW power project in the state and has bid for the boiler package of NTPC bulk tender (11 x 660MW). We expect BGR's order-book to double to Rs200b, by the end of FY11, from Rs105b at the end of 2QFY11. BGR's BTB ratio of 2x TTM will enable revenue growth in FY11, FY12 BTB to stay strong with success in EPC orders Order Backlog (Rs b) BTB (X,TTM) Orderbook (Rs b) BTB (xttm Sales) QFY08 1QFY09 2QFY09 3QFY09 4QFY09 1QFY10 2QFY10 3QFY10 4QFY10 1QFY11 2QFY11 FY08 FY09 FY10 FY11E FY12E BGR has two joint ventures with Hitachi to make BTG for power plants Construction of BTG plant to start in April 2011 BGR recently formed two joint ventures with Hitachi to make BTG for power plants and will invest Rs44b to build over 4,000MW capacity: BGR Turbines Company (P) Ltd: Hitachi, Japan will have 26% stake in the JV and invest Rs30b to set up a plant in Tamil Nadu, which will start production in BGR Boilers Pvt Ltd: Hitachi Power Europe GmbH will have 30% stake in the venture and invest Rs14b to set up a plant in Tamil Nadu, which will start production December
4 Performance-related issues with respect to DongFang cannot be ruled Delays due to non-availability of working capital and high interest expenses may impact BGR s performance Key risks and challenges Performance failure: BGR is sourcing equipment from DongFang for 3 x 600MW units for the EPC projects on hand. DongFang had problems with equipment it supplied to Lanco and the West Bengal Electricity Board in the past. Although BGR has set up an office in China, near DongFang's plant, performance-related issues cannot be ruled out. Working capital funding issues: Despite timely receipt of advances from clients, BGR will have heavy working capital requirements during the peak execution cycle, when it gets new orders. Delays due to non-availability of working capital and high interest expenses may impact performance. Recent controversy around a bank-loan scam The Central Bureau of Investigation (CBI) recently named BGR as a company that entered into a transaction with Bank of India, whose official was taken to custody over an alleged loan scam. BGR clarified it did not have borrowings from LIC Housing Finance or links with Money Matters Financial Services, another accused intermediary. The company maintained that Bank of India acted as one of the 11 banks in a consortium that helped to fund working capital requirements for a Rs49b EPC order for the 2 x 600MW Jalawar project (Rajasthan) which was awarded in July The total fund-based limit drawn from banks for this project was Rs7b drawn in favor of 11 banks out of which Bank of India had opened a credit facility of Rs830m in January Out of this limit of Rs830m, BGR drew Rs210m. Later, Bank of India issued a statement saying BGR's dealings with the bank were satisfactory. Revenue CAGR at 45% over FY10-12 Earnings CAGR at 37% 91 Revenues (Rs b) Grow th (%) PA T (Rs b) PA T Gr (%) FY08 FY09 FY10 FY11E FY12E FY08 FY09 FY10 FY11E FY12E We recommend Buy with a target price of Rs958 Valuation and view We expect BGR to post earnings of 37% CAGR over FY Faster execution of EPC projects on hand and new large BoP projects can provide an upside in FY12. We believe BGR is well placed in several EPC orders, which will ensure encouraging growth beyond FY12. The stock trades at 13x FY12E earnings. Strong earnings growth, the likelihood of strong order inflows and success in some orders like NTPC bulk tenders will support valuations. We recommend Buy with a target price of Rs958, based on 18x FY12E earnings. We have not factored in the value of JVs, which are setting up boiler and turbine facilities. Delay in receipt of expected orders may result in downside to FY12 earnings. 10 December
5 Financials and Valuation 10 December
6 For more copies or other information, contact Institutional: Navin Agarwal. Retail: Manish Shah Phone: (91-22) Fax: (91-22) Motilal Oswal Securities Ltd, 3rd Floor, Hoechst House, Nariman Point, Mumbai This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Motilal Oswal Securities Limited (hereinafter referred as MOSt) is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form. The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. MOSt or any of its affiliates or employees 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. MOSt or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The recipients of this report should rely on their own investigations. MOSt and/or its affiliates and/or employees may have interests/ positions, financial or otherwise in the securities mentioned in this report. To enhance transparency, MOSt has incorporated a Disclosure of Interest Statement in this document. This should, however, not be treated as endorsement of the views expressed in the report. Disclosure of Interest Statement BGR Energy 1. Analyst ownership of the stock No 2. Group/Directors ownership of the stock No 3. Broking relationship with company covered No 4. Investment Banking relationship with company covered No This information is subject to change without any prior notice. MOSt reserves the right to make modifications and alternations to this statement as may be required from time to time. Nevertheless, MOSt is committed to providing independent and transparent recommendations to its clients, and would be happy to provide information in response to specific client queries. 10 December
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BSE SENSEX S&P CNX 17,207 5,223 Bloomberg IDBI IN Equity Shares (m) 1,278.4 52-Week Range (INR) 154/77 1,6,12 Rel.Perf.(%) -1/0/-7 M.Cap. (INR b) 135.5 M.Cap. (USD b) 2.6 24 April 2012 4QFY12 Results Update
More informationPetronet LNG. CMP: INR146 TP: INR205 Buy
BSE SENSEX S&P CNX 17,236 5,229 Bloomberg PLNG IN Equity Shares (m) 750.0 52-Week Range (INR) 186/122 1,6,12 Rel. Perf. (%) 3/-11/-10 M.Cap. (INR b) 109.7 M.Cap. (USD b) 2.0 1 August 2012 1QFY13 Results
More informationCMP: INR350 TP: INR375 Downgrade to Neutral
BSE Sensex S&P CNX 19,497 5,897 Bloomberg COAL IN Equity Shares (m) 6,316.4 M.Cap. (INR b)/(usd b) 2,211/41 52-Week Range (INR) 386/301 1,6,12 Rel. Perf. (%) 1/-11/-5 Financials & Valuation (INR b) Y/E
More informationBGR Energy Systems NEUTRAL. Performance Highlights CMP. `235 Target Price - 3QFY2013 Result Update Capital Goods. Investment Period -
3QFY213 Result Update Capital Goods February 8, 213 BGR Energy Systems Performance Highlights Quarterly Highlights (Standalone) (` cr) 3QFY13 3QFY12 % chg (yoy) 2QFY13 % chg (qoq) Revenue 85 84.2 627 28.3
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BSE Sensex S&P CNX 20,224 6,157 Bloomberg BCORP IN Equity Shares (m) 77.0 M.Cap. (INR b)/(usd b) 20.5/0.4 52-Week Range (INR) 342/202 1,6,12 Rel. Perf. (%) 6/-15/-23 Financials & Valuation (INR b) Y/E
More informationSanjay Jain Pavas Pethia
BSE Sensex S&P CNX 19,561 5,923 Bloomberg SAIL IN Equity Shares (m) 4,130.4 M.Cap. (INR b)/(usd b) 334.6/6.2 52-Week Range (INR) 116/76 1,6,12 Rel. Perf. (%) -11/-17/-38 Financials & Valuation (INR b)
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BSE SENSEX S&P CNX 16,219 4,924 1 June 2012 6QSY12 Results Update Sector: Sugar CMP: INR26 TP: INR45 Buy Bloomberg SHRS IN Equity Shares (m) 671.0 52-Week Range (INR) 76/23 1,6,12 Rel. Perf. (%) -10/-16/-45
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BSE SENSEX S&P CNX 16,846 5,110 Bloomberg JUBI IN Equity Shares (m) 63.5 52-Week Range (INR) 1,189/633 1,6,12 Rel. Perf. (%) 4/38/47 M.Cap. (INR b) 75.5 M.Cap. (USD b) 1.3 26 July 2012 1QFY13 Results Update
More informationIdea Cellular. CMP: INR159 TP: INR200 Buy
BSE SENSEX S&P CNX 19,164 5,678 Bloomberg IDEA IN Equity Shares (m) 3,316.2 M.Cap. (INR b) / (USD b) 513.7/8.4 52-Week Range (INR) 176/72 1, 6, 12 Rel. Per (%) 12/45/83 Financials & Valuation (INR Billion)
More informationMonnet Ispat. CMP: INR449 TP: INR518 Neutral
4QFY12 Results Update Sector: Metals Monnet Ispat BSE SENSEX S&P CNX 16,328 4,943 CMP: INR449 TP: INR518 Neutral Bloomberg MISP IN Equity Shares (m) 64.4 52-Week Range (INR) 561/305 1,6,12 Rel. Perf. (%)
More informationSohail Halai Alpesh Mehta
BSE Sensex S&P CNX 20,039 6,064 Bloomberg IDBI IN Equity Shares (m) 1,278.4 M.Cap. (INR b)/(usd b) 144.9/2.7 52-Week Range (INR) 122/82 1,6,12 Rel.Perf.(%) -1/6/2 Financials & Valuation (INR b) Y/E March
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BSE SENSEX S&P CNX 17,749 5,382 Bloomberg TPWR IN Equity Shares (m) 2,373.3 52-Week Range (INR) 135/81 1,6,12 Rel. Perf. (%) 10/-5/-10 M.Cap. (INR b) 263.9 M.Cap. (USD b) 5.3 13 February 2012 3QFY12 Results
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FY16 (Provisional) Result Update Institutional Equities Bharat Heavy Electricals 8 April 2016 Reuters: BHEL.BO; Bloomberg: BHEL IN Structural Headwinds Persist; Retain Sell The FY16 provisional results
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BSE SENSEX S&P CNX 17,633 5,348 Bloomberg COAL IN Equity Shares (m) 6,316.4 52-Week Range (INR) 404/294 1,6,12 Rel. Perf. (%) -4/4/-15 M.Cap. (INR b) 2,198.1 M.Cap. (USD b) 39.7 14 August 2012 1QFY13 Results
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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
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BSE SENSEX S&P CNX 16,480 4,975 Bloomberg PNB IN Equity Shares (m) 339.2 52-Week Range (INR) 1,200/751 1,6,12 Rel.Perf.(%) -12/-16/-18 M.Cap. (INR b) 260.5 M.Cap. (USD b) 4.8 10 May 2012 4QFY12 Results
More informationSun Pharmaceuticals. CMP: INR554 TP: INR614 Neutral
BSE SENSEX S&P CNX 17,849 5,416 Bloomberg SUNP IN Equity Shares (m) 1,035.6 52-Week Range (INR) 566/404 1,6,12 Rel. Perf. (%) -3/10/31 M.Cap. (INR b) 573.7 M.Cap. (USD b) 11.6 15 February 2012 3QFY12 Results
More informationPunjab National Bank. CMP: INR716 TP: INR950 Buy
BSE SENSEX S&P CNX 16,839 5,100 Bloomberg PNB IN Equity Shares (m) 339.2 52-Week Range (INR) 1,144/703 1,6,12 Rel.Perf.(%) -8/-24/-28 M.Cap. (INR b) 242.8 M.Cap. (USD b) 4.4 30 July 2012 1QFY13 Results
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BSE SENSEX S&P CNX 16,439 4,990 4QFY12 Results Update Sector: Metals Steel Authority of India CMP: INR93 TP: INR99 Sell Bloomberg SAIL IN Equity Shares (m) 4,130.4 52-Week Range (INR) 151/73 1,6,12 Rel.
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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:
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2QFY19 Result Update Power Mech Projects 21 November 218 Reuters: POMP.BO; Bloomberg: POWM IN Strong Order Book Drives Robust Execution Power Mech Projects (PMPL) posted 2QFY19 consolidated revenues of
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BSE SENSEX S&P CNX 16,420 4,966 Bloomberg JUBI IN Equity Shares (m) 63.5 52-Week Range (INR) 1,144/536 1,6,12 Rel. Perf. (%) -6/37/53 M.Cap. (INR b) 66.7 M.Cap. (USD b) 1.3 11 May 2012 4QFY12 Results Update
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BSE SENSEX S&P CNX 18,714 5,687 Bloomberg AXSB IN Equity Shares (m) 413.2 52-Week Range (INR) 1,309/785 1,6,12 Rel.Perf.(%) 9/-16/-8 M.Cap. (INR b) 462.4 M.Cap. (USD b) 8.7 16 October 2012 2QFY13 Results
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BSE SENSEX S&P CNX 18,197 5,482 29 July 2011 1QFY12 Results Update Sector: FMCG Hindustan Unilever CMP:INR324 TP:INR302 Neutral Bloomberg HUVR IN Equity Shares (m) 2,159.5 52-Week Range (INR) 347/250 1,6,12
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BSE SENSEX S&P CNX 2,550,318 Bloomberg JPIN IN Equity Shares (m) 1,388.9 M.Cap. (INR b) / (USD b) 51.3/0.9 52-Week Range (INR) 2/1 1,, 12 Rel. Per (%) 1/9/-3 Financials & Valuation (INR m) Y/E Mar 201
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BSE SENSEX S&P CNX 16,913 5,114 Bloomberg GPL IN Equity Shares (m) 78.0 52-Week Range 845/570 1,6,12 Rel. Perf. (%) 0/-9/-2 M.Cap. (INR b) 46.4 M.Cap. (USD b) 0.9 4QFY12 Results Update Sector: Real Estate
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BSE SENSEX S&P CNX 17,194 5,199 Bloomberg PNB IN Equity Shares (m) 316.8 52-Week Range (INR) 1,234/751 1,6,12 Rel.Perf.(%) 9/-10/-9 M.Cap. (INR b) 297.7 M.Cap. (USD b) 6.0 1 February 2012 3QFY12 Results
More informationSanofi India. CMP: INR2,200 TP: INR1,848 Neutral
BSE SENSEX S&P CNX 16,846 5,110 Bloomberg SANL IN Equity Shares (m) 23.0 52-Week Range (INR) 2,430/1,980 1,6,12 Rel. Perf. (%) 3/-3/15 M.Cap. (INR b) 50.7 M.Cap. (USD b) 0.9 26 July 2012 2QCY12 Results
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14 June 2012 Update Raymond CMP: INR385 TP: INR462 Buy Restructuring initiatives bearing fruit; Land bank base case value INR147/share; Reiterate Buy We met the management of Raymond (RW IN, Mkt Cap USD0.4b,
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BSE SENSEX S&P CNX 17,151 5,202 Bloomberg OBER IN Equity Shares (m) 328.2 52-Week Range (INR) 323/205 1,6,12 Rel. Perf. (%) 4/15/16 M.Cap. (INR b) 87.0 M.Cap. (USD b) 1.7 26 April 2012 4QFY12 Results Update
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BSE SENSEX S&P CNX 18,202 5,532 Bloomberg SHRS IN Equity Shares (m) 671.0 52-Week Range (INR) 87/23 1,6,12 Rel. Perf. (%) 14/-39/-51 M.Cap. (INR b) 27.3 M.Cap. (USD b) 0.6 16 February 2012 5QSY12 Results
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BSE SENSEX S&P CNX 16,918 5,128 Bloomberg IDEA IN Equity Shares (m) 3,308.8 52-Week Range (INR) 104/71 1,6,12 Rel. Perf. (%) 6/-13/4 M.Cap. (INR b) 268.0 M.Cap. (USD b) 4.8 25 July 2012 1QFY13 Results
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2QFY16 Result Update Bharat Heavy Electricals 9 November 2015 Reuters: BHEL.BO; Bloomberg: BHEL IN Losses Mount, Structural Headwinds Persist; Retain Sell Bharat Heavy Electricals (BHEL) posted 2QFY16
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SECTOR: FINANCIAL STOCK INFO. BSE Sensex : 23410 BLOOMBERG CUBK:IN BUY S&P CNX : 7110 REUTERS CODE CTBK.NS Initiating Coverage INR82 (INR CR) Y/E MARCH FY16E FY17E FY18E We recommend 'BUY' on for a target
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BSE SENSEX S&P CNX 18,625 5,664 29 October 2012 2QFY13 Results Update Sector: Consumer Dabur India CMP: INR130 TP: INR135 Neutral Bloomberg DABUR IN Equity Shares (m) 1,740.7 52-Week Range (Rs) 139/92
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BSE SENSEX S&P CNX 17,602 5,337 Bloomberg GCPL IN Equity Shares (m) 340.3 52-Week Range (INR) 658/370 1,6,12 Rel. Perf. (%) 5/37/42 M.Cap. (INR b) 205.9 M.Cap. (USD b) 3.7 7 August 2012 1QFY13 Results
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3QFY2011 Results Update Capital Goods January 31, 2011 Thermax Performance Highlights (` cr) 3QFY11 3QFY10 % chg (yoy) 2QFY11 % chg qoq Revenues 1,241 748 65.9 1,092 13.7 EBITDA 146 89 63.8 129 13.9 EBITDA
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RESULTS REVIEW Bharat Heavy Electricals Limited Hold Share Data Market Cap Rs. 779.4 bn Price Rs. 1,592.10 BSE Sensex 13,791.54 Reuters BHEL.BO Bloomberg BHEL IN Avg. Volume (52 Week) 0.26 mn 52-Week High/Low
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BSE SENSEX S&P CNX 17,144 5,200 Bloomberg STR IN Equity Shares (m) 57.7 52-Week Range (INR) 794/276 1,6,12 Rel. Perf. (%) -2/37/98 M.Cap. (INR b) 41.4 M.Cap. (USD b) 0.7 31 July 2012 2QCY12 Results Update
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BSE Sensex S&P CNX 19,561 5,923 Bloomberg EIM IN Equity Shares (m) 27.0 M.Cap. (INR b)/(usd b) 72.0/1.3 52-Week Range 3,240/1,620 1,6,12 Rel. Perf. (%) -4/17/40 Financials & Valuation (INR b) Y/E Dec 2013E
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BSE SENSEX S&P CNX 17,773 5,390 Bloomberg PF IN Equity Shares (m) 217.1 52-Week Range (INR) 364/125 1,6,12 Rel. Perf. (%) 9/-49/-29 M.Cap. (Rs b) 38.4 M.Cap. (US$ b) 0.8 14 February 2012 2QFY12 Results
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BSE Sensex S&P CNX 20,860 6,217 19 December 2013 Update Sector: Capital Goods Cummins India CMP: INR461 TP: INR540 Buy Stock Info Bloomberg KKC IN Equity Shares (m) 277.2 52-Week Range (INR) 550/365 1,
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BSE Sensex S&P CNX 19,152 5,797 Bloomberg CSTRL IN Equity Shares (m) 494.6 M.Cap. (INR b)/(usd b) 158/2.9 52-Week Range (INR) 338/223 1,6,12 Rel. Perf. (%) 12/-3/26 Financials & Valuation (INR b) Y/E March
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2904 Recommendation CMP Target Price BUY Rs. 283 Rs. 444 Better times ahead! reported a good set of numbers for the year FY18 and for Q4. Sales for the quarter increase by 11.8% YoY to Rs 1809.8 Cr and
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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
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BSE SENSEX S&P CNX 18,817 5,724 Bloomberg HNDL IN Equity Shares (m) 1,990.0 52-Week Range (INR) 165/100 1,6,12 Rel. Perf. (%) -9/-18/-26 M.Cap. (INR b) 224.9 M.Cap. (USD b) 4.1 Consolidated 2QFY13 Results
More informationMaruti Suzuki. CMP: INR1,395 TP: INR1,730 Buy
BSE SENSEX S&P CNX 18,431 5,598 Bloomberg MSIL IN Diluted Equity Shares (m) 302.1 52-Week Range (INR) 1,498/906 1,6,12 Rel.Perf.(%) 5/-5/20 M.Cap. (INR b) 421.3 M.Cap. (USD b) 7.8 31 October 2012 2QFY13
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