JCT Limited. Stock Performance Details Shareholding Details September 2015
|
|
- Rosaline Powers
- 7 years ago
- Views:
Transcription
1 JCT Limited Date: 17 th February, 216 Stock Performance Details Shareholding Details September 215 Current Price : ` 5.49^ Face Value : ` 2.5 per share 52 wk High / Low : ` 1.99 / 2.55 Total Traded Volume : 2,7,774 shares^ Market Cap : ` 35.7 crore^ Sector : Textiles EPS (H1 FY16) : `.4 per share Equity Share Capital : ` crore P/E (TTM) : (x)^ P/BV (TTM) : 7.95 (x)^ Financial Year End : 1 st April 31 st March BSE Scrip Name : JCTLTD BSE Scrip Code : 5223 ^ as on 15 th February, 216 Particulars Shareholding Nos. (%) Promoter & Promoter Group Holding 22,32,75, Total Institutional Holdings (FIIs & DIIs) 12,56,34, Public Holdings 2,78,82, Total 55,67,92, Background JCT Limited (JCTL) a Textile company, incorporated in 1946 is part of the Thapar group in India. The business operations of the company are headquartered at Delhi JCTL is engaged in the business of manufacturing and selling textile products and filament yarn products in India. It also provides textile materials such as cotton, polyester and nylon as well as blends of fabric like cotton/polyester, cotton/nylon, polyester/viscose etc. These materials manufactured by the company are used in the manufacture of fashion wear, sports wear, outerwear, active wear for defense and school uniforms as well as for manufacturing infant wear and medical wear. Besides offering fabric yarn it also provides finishes and coatings, prints and yarn dyes, organic cotton fabric etc for apparel, home textiles and semi-industrial products. Besides, JCTL offers performance fabrics like fire retardant, anti-static, oil and water repellent, hi-visibility, moisture management, anti-wrinkle, anti-bacterial, anti-uv, aroma, protein resistant and other speciality fabrics. The company faced legal proceedings in Malaysia for being allegedly involved in financial irregularities, foreign exchange violation and siphoning off funds from their Kaula Lumpur factory. However, the KLM Court of Appeal, Malaysia ruled in favour of the company thus setting aside the orders of KLM High Court. An Initiative of the BSE Investors Protection Fund1
2 Financial Snapshot Particulars Standalone (` Million) Income Statement H1 FY16 H1 FY15 Income from Operations 4,36.3 4,595.1 Y-o-Y Growth (%) (6.3) 6.2 EBITDA Y-o-Y Growth (%) (148.5) EBITDA Margin (%) Net Profit Y-o-Y Growth (%) (36.3) (113.) NPM (%).5.7 Balance Sheet Fixed Assets 3,88.2 3,958.7 Cash & Bank Balances Inventories 1, ,517. Net Working Capital (69.7) (1,182.6) Net Worth 1, ,47.3 Balance Sheet Ratios ROCE (%) RONW (%) Source: Capitaline From the Research Desk of LKW s Gurukshetra On a Standalone basis, Revenue from Operations stood at Rs. 4,36.3 million in H1 FY16 which is a decline of 6.3% from Rs.4,595.1 million reported in H1 FY15. Material Cost declined to Rs. 2,436.1 million in H1 FY16 from Rs. 2,84.7 million in H1 FY15. Employee Cost increased by 1.% on a y-o-y basis to Rs million in H1 FY16 from Rs million in H1 FY15. Other Expenses were lower at Rs million in H1 FY16 as compared to Rs million in H1 FY15. Despite the lower Topline JCT s Operating Profit increased by 115.7% y-o-y to Rs million in H1 FY16 as compared to Rs million in H1 FY15 on the back of lower operating expenses like Raw Material Costs, Other Expenses and Power and Fuel costs. Interest Cost and Other Income stood at Rs million and Rs million respectively in H1 FY16. While, company reported a rise in EBITDA, the PAT came in lower by 36.3% y-o-y due to higher Interest costs and lower Other Operating Income. In H1 FY6 PAT stood at Rs million as compared to a Net Profit of Rs million in H1 FY15. Operating and Net Profit Margins stood at 4.7% and.5% respectively during H1 FY16. Inventories of the Company increased to Rs. 1,559.5 million in H1 FY16 from Rs. 1,517. million reported in H1 FY15. For H1 FY16, Trade Receivables of the Company stood at Rs million as against Rs million in H1 FY15. An Initiative of the BSE Investors Protection Fund2
3 The Total Debt on the books of the company for the period ended 3 th September 215 stood at Rs. 2,388.3 million compared to Rs. 2,272.4 million thus marking an increase of 5% on a y-o-y basis. As a result, the Debt to Equity ratio also remained at 2.2x the same as reported in the corresponding period of the previous fiscal. Some key observations by the auditors on the Company s financials included points such as non-confirmation/reconciliation of balances in the accounts of few parties, reasons for preparing the financial statements on a going concern basis although the accumulated losses have resulted in the erosion of substantial net worth, the company s current liabilities exceeded its current assets at the year-end and uncertainty related to the outcome of the appeal filed with the Courts of Appeals at Malaya by the Company of a claim of Rs million by ex-employees of CNLT, Malaysia (Associate Company) on account of advances and compensation paid to JCT by CNLT, Malaysia. Further, it was pointed out that JCT has not accounted for default interest on an accrual basis as it intend to charge the same to its Profit and Loss Account as and when the instalment is paid. The same is not in compliance with the Accounting Standards and the provisions of the Companies Act, 213. Performance on the Bourses % Stock Performance JCT BSE Small Cap as on 11th February, 216 Peer Comparison The following table gives a snapshot view of the Company s performance vis-à-vis its closest peers for H1 FY16. (` In millions) Particulars JCT Digjam Raymond Income from Operations 4, ,56.5 EBIDTA 21.7 (8.2) Net Profit 19.8 (66.1) 83.8 EBIDTA Margins (%) 4.7 (1.3) 5.1 PAT Margins (%).5 (1.3).7 Book Value Per Share.7 (.3) 19.3 P/E (x) 29.46^.* 3.5* P/BV (x) 6.71^.* 2.25* RONW (%) 1.8 (146.6).7 Source: Capitaline; Financials on Standalone Basis ; ^ On a Standalone Basis as on September, 215 (TTM Basis); * On a Standalone Basis as on December, 215 (TTM Basis) An Initiative of the BSE Investors Protection Fund3
4 About the Industry Management Outlook The Indian Textile Industry is one of the largest contributors of employment as well as to the overall trade exports of India. The Indian Textile industry is spread across the length and breadth of the country and in terms of employment is labour intensive. The industry is divided between two prominent segments, that is, hand spun and hand woven segment as against a capital intensive sophisticated mills segment. Not just being amongst the largest employers, the Textile industry has also contributed to the trade exports of the country quite significantly over the years. The industry realized export earnings worth US$ 41.4 billion in FY215, marking a growth of 5.4% as per data from The Cotton Textiles Export Promotion Council (Texprocil). Another important characteristic of this sector is the dominance of unorganized segment which consists of handloom, handicrafts sericulture which operates on a small scale and adopts traditional manufacturing tools. In contrast to this, the organized segment though as a percentage of the overall industry is small, it brings to the table economies of scale and contributes a large part of the total textile export earnings of the country. It is estimated that the Indian Textile industry could reach US$ 223 billion over the next 5-6 years from the current size of US$ 18 billion. This indicates that the industry growth would more than double in the next 5-6 years. As a percentage of the Indian GDP and Index of Industrial Production, this industry constitutes about 5% and 14% respectively. Given the importance of this industry to overall GDP growth, the government has allowed 1% FDI in this sector under the automatic route; the TUFS Scheme, Textile Parks etc are the other initiatives taken by the Government to promote manufacturing of textiles and thereby increase export revenues for the industry. Besides, the government has also provided for subsidies on machinery and infrastructure. The Indian Government has signed a MoU with Kyrgystan seeking to strengthen bilateral co-operation in the fields of Textiles, Clothing, Silk and Sericulture and Fashion. The future prospects of the Indian textile industry appear satisfactory, buoyed by both, strong domestic consumption as well as export demand. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with the entry of several international players into the Indian market. The organised apparel segment is expected to grow at a CAGR of more than 13%over a 1-year period. A number of initiatives taken by Government includes implementation of several export promotion measures such as Focus Market Scheme, Focus Product Scheme and Market Linked Focus Product Scheme for increasing share of India s textile exports, proposal to extend 24/7 customs clearance facility at 13 airports and 14 sea ports resulting in faster clearance of import and export cargo and allowance of 1% FDI in the Indian textiles sector under the automatic route. Further, an improvement in the international markets augurs well for the Company given that it exports its products in USA, Canada, Australia, Europe, Middle East & Far East countries. Despite the efforts being made by the Government to revive the economy, sluggish global demand and declining export competitiveness, the situation at ground level are not showing the improvement as expected after the formation of the new Government. At the same time, certain risks such as increased intensity of competition from local and global players, increase in the raw material prices and the overheads which are not fully passed on to the consumers in the depressed market environment may affect the performance of the Company. The subdued performance of the company over the past couple years, high debtor and inventory days and a large debt on the books are factors that pose a near to medium term challenge to the company. Amongst the key factors affecting growth of Indian Textile Industry is its labour intensive nature, high dependence on monsoon and capital intensive nature. Also, its fragmented nature is hurting the quest for consist An Initiative of the BSE Investors Protection Fund4
5 Financial Graphs 48 Income from Operations 46 ` in Million , , H1 FY15 H1 FY EBITDA & EBITDA Margin ` in Million % H1 FY15 H1 FY16 EBITDA EBITDA Margin PAT & PAT Margin 4 1 ` in Million H1 FY H1 FY16 % PAT PAT Margin An Initiative of the BSE Investors Protection Fund5
6 Disclaimer All information contained in the document has been obtained by LKW s Gurukshetra from sources believed to be accurate and reliable. Although reasonable care has been taken to ensure that the information herein is true, such information is provided as is without any warranty of any kind, and LKW s Gurukshetra in particular makes no representation or warranty express or implied, as to the accuracy, timeliness or completeness of any such information. All information contained herein must be construed solely as statements based on available data, and LKW s Gurukshetra shall not be liable for any losses incurred by users from any use of this document or its contents in any manner. Opinions expressed in this document are not the opinions of our company and should not be construed as any indication of our recommendation to buy, sell or invest in the company under coverage. Disclosure Each member of the team involved in the preparation of this report, hereby affirms that there exists no conflict of interest. The report has been sponsored and published as part of Initiative of BSE s Investors Protection Fund About Us LOTUS KNOWLWEALTH (LKW) commenced business in 1991 and is currently engaged in providing CAPITAL MARKET RESEARCH, INVESTMENT ADVISORY and STRATEGY services. GURUKSHETRA is the Research and Training arm of LKW. LKW Investment Advisers is the SEBI registered Investment Advisory arm of LKW. 5 Contact Us LOTUS KNOWLWEALTH Pvt. Ltd. Regd. Office: B Wing, 55-56, Fairlink Centre, Off Andheri Link Road, Andheri (W), Mumbai enquiry@lotusknowlwealth.com Tel: Website: An Initiative of the BSE Investors Protection Fund6
Sphere Global Services Limited
Sphere Global Services Limited Date: 13 th January, 216 Stock Performance Details Shareholding Details September 215 Current Price : ` 3.95^ Face Value : ` 1 per share 52 wk High / Low : ` 9.35 / 31.1
More informationBUY RSWM LTD SYNOPSIS. CMP 292.20 Target Price 336.00. SEPTEMBER 1 st 2015. Result Update(PARENT BASIS): Q1 FY16
BUY CMP 292.20 Target Price 336.00 RSWM LTD Result Update(PARENT BASIS): Q1 FY16 SEPTEMBER 1 st 2015 ISIN: INE611A01016 Index Details Stock Data Sector Textiles BSE Code 500350 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 196.40 Target Price 225.00 STYLAM INDUSTRIES LIMITED Result Update (PARENT BASIS): Q2 FY16 DECEMBER 16 th. 2015 ISIN: INE239C01012 12 th h, 2013 Index Details Stock Data Sector Plastic Products
More informationBUY. KELLTON TECH SOLUTIONS LTD Result Update (CONSOLIDATED): Q1 FY16. CMP 226.50 Target Price 260.00. JANUARY 9 th 2015 SYNOPSIS ISIN: INE164B01022
BUY CMP 226.50 Target Price 260.00 KELLTON TECH SOLUTIONS LTD Result Update (CONSOLIDATED): Q1 FY16 JANUARY 9 th 2015 ISIN: INE164B01022 Index Details Stock Data Sector IT Software Products BSE Code 519602
More informationCMP: 1152.10 JUNE 2016 SWARAJ ENGINES LTD
Index Details SWARAJ ENGINES LTD Result Update (PARENT BASIS): Q4 FY16 Stock Data Sector Auto Parts & Equipment BSE Code 500407 Face Value 10.00 52wk. High / Low (Rs.) 1207.90/762.00 Volume (2wk. Avg.)
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 170.30 Target Price 196.00 GEOMETRIC LTD Result Update (CONSOLIDATED): Q2 FY16 DECEMBER 17 th 2015 ISIN: INE797A01021 12 th h, 2013 Index Details Stock Data Sector IT Consulting & Software BSE
More informationwww.pvpglobal.com SECTOR: REALTY REPORTING DATE: 31 ST MAY, 2016 PVP Ventures Ltd
31 st May, 2016 TABLE 1 MARKET DATA (STANDALONE) (As on 31 st May, 2016) NSE Code PVP NSE Market Price ( ) 4.50 NSE Market Cap. ( Cr.) 118.85 Sector Realty Face Value ( ) 10.00 Equity ( Cr.) 245.05 52
More informationBUY. ECLERX SERVICES LIMITED (CONSOLIDATED) Result Update: Q1 FY16. CMP 1677.00 Target Price 1880.00. SEPTEMBER 2 nd, 2015 SYNOPSIS ISIN: INE738I01010
BUY CMP 1677.00 Target Price 1880.00 ECLERX SERVICES LIMITED (CONSOLIDATED) Result Update: Q1 FY16 SEPTEMBER 2 nd, 2015 ISIN: INE738I01010 Index Details Stock Data Sector IT & ITes BSE Code 532927 Face
More informationSub: Reg. 33-Un-Audited Financial Results for the Quarter ended 31.12.2015
JCT LIMITED Corporate Office: 305, 3 rd Floor, Rattan Jyoti, 18 Rajendra Place, New Delhi-110008 Phone: 91-11-46290000; Fax: 25812222 Website: www.jct.co.in; E-mail: jctsecretarial@jctltd.com February
More informationCoal India Ltd. Subdued e-auction realization impacted profitability BUY. Nov. 17, 2015
17-Nov-14 17-Dec-14 17-Jan-15 17-Feb-15 17-Mar-15 17-Apr-15 17-May-15 17-Jun-15 17-Jul-15 17-Aug-15 17-Sep-15 17-Oct-15 Coal India Ltd. Subdued e-auction realization impacted profitability Coal India Ltd.
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 SPS Finquest Ltd CMP: 84.60 January 13, 2015 Stock Details BSE code 538402 BSE ID SPS Face value ( ) 10 No of shares
More informationGujarat State Petronet Ltd. INR 135
Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 India Equity Institutional Research Oil & Gas RESULT UPDATE Gujarat State Petronet Ltd. INR 135 Growth in volumes to propel earnings Accumulate Gujarat
More informationSmruthi Organics Limited BSE Scrip Code: 590046
Smruthi Organics Limited BSE Scrip Code: 590046 Pharmaceuticals September 21, 2012 Equity Statistics Current Market Price Rs. 218.1 52 Week High / Low Rs. 273.9 / 155 Market Capitalisation Rs. crores 83.2
More informationGraphite Electrodes. Imposition of antidumping duty augurs well. Sector Update. ICICI Securities Ltd Retail Equity Research.
Sector Update Rating matrix Target price Company Old New CMP Potential Upside HEG 225 275 238 19% Graphite India 85 15 91 18% Target period 12-15 months Price performance (%) Return % 1M 3M 6M 12M HEG
More informationJSW Energy Ltd. Interest expenses dragged the bottom-line BUY. Jan. 25, 2016
JSW Energy Ltd. Interest expenses dragged the bottom-line JSW Energy Ltd. (JSWEL) reported a mixed set of numbers for Q3 FY16 quarter. The company reported a consolidated total operating income of Rs.
More informationBlack Rose Industries Ltd Sector Industry 514183
Page 1 of 5 Company Profile Black Rose Industries Ltd was established in 1990 as sia Fab Limited, a textile manufacturing company. It is primarily in the business of chemical distribution and chemical
More informationEast India Hotels (EIH) Ltd Growing Strategically
East India Hotels (EIH) Ltd Growing Strategically BSE Code 500840 NSE Code EIHOTEL Bloomberg Code EIH@IN Face Value 10 CMP Rs 224 Market Cap Rs 11.7bn (as on August 27th 2004) Share Holding Pattern Others
More informationMAITHAN ALLOYS LTD Result Update (PARENT BASIS): Q4 FY16
Index Details MAITHAN ALLOYS LTD Result Update (PARENT BASIS): Q4 FY16 Stock Data Sector Iron & Steel/Interm. Products BSE Code 590078 Face Value 10.00 52wk. High / Low (Rs.) 313.80/72.25 Volume (2wk.
More informationHINDUSTAN COMPOSITES LTD Result Update (PARENT BASIS): Q4 FY16
HINDUSTAN COMPOSITES LTD Result Update (PARENT BASIS): Q4 FY16 Index Details Stock Data Sector Auto Parts & Equipment BSE Code 509635 Face Value 10.00 52wk. High / Low (Rs.) 1567.00/750.00 Volume (2wk.
More informationGAIL (India) Ltd. INR 346
Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 India Equity Institutional Research Oil & Gas RESULT UPDATE GAIL (India) Ltd. INR 346 Good performance; Near term outlook looks stable BUY GAIL reported
More informationFlexituff International Ltd. (FIL)
s $CompanyN ame$ Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 (Wholly owned subsidiary of Bank of Baroda) Q2FY16 Result Review BUY Flexituff International Ltd. (FIL)
More informationBUY. JYOTHY LABORATORIES LTD Result Update (CONSOLIDATED BASIS): Q2 FY16. CMP 298.00 Target Price 340.00. DECEMBER 29 th 2015.
BUY CMP 298.00 Target Price 340.00 JYOTHY LABORATORIES LTD Result Update (CONSOLIDATED BASIS): Q2 FY16 DECEMBER 29 th 2015 ISIN: INE668F01031 12 th h, 2013 Index Details Stock Data Sector Household Products
More informationwww.3i infotech.com SECTOR: IT SOFTWARE REPORTING DATE: 31 ST MAY, 2016 3i Infotech Ltd.
3i Infotech Ltd. 31 st May, 2016 TABLE 1 MARKET DATA (STANDALONE) (As on 31 st May, 2016) NSE Code 3IINFOTECH NSE Market Price ( ) 3.85 NSE Market Cap. ( Cr.) 255.04 Sector IT Software Face Value ( ) 10.00
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 514.75 Target Price 590.00 DOC CODE: FOTL_090220164_3 IGARASHI MOTORS INDIA LTD Result Update (PARENT BASIS): Q3 FY16 FEBRUARY 9 th 2016 ISIN: INE188B01013 12 th h, 2013 Index Details Stock Data
More informationMangalam Cement Weak volumes marred performance
CMP* (Rs) 206 Market Cap. (Rs bn) 5.5 Free Float (%) 72 Shares O/S (mn) 26.7 Mangalam Cement Weak volumes marred performance Mangalam Cement (MCL) delivered a weak performance in 2Q but was marginally
More informationSimplex Infrastructures
2QFY216 Result Update Infrastructure November 17, 215 Simplex Infrastructures Performance Highlights Quarterly highlights - Standalone Y/E March (` cr) 2QFY16 1QFY16 2QFY15 % chg (yoy) % chg (qoq) Net
More informationCD Equisearch Pvt Ltd
Dec 10, 2015 Mayur Uniquoters Ltd. No. of shares (m) 46.3 Mkt cap (Rs crs/$m) 1943/291 Current price (Rs/$) 420/6.3 Price target (Rs/$) 475/7.1 52 week H/L (Rs.) 518/378 Book Value (Rs/$) 67.8/1.0 P/BV
More informationRAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16
RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS Earnings Presentation Q2 FY16 Company Overview COMPANY OVERVIEW Rajesh Exports Ltd. (REL) was incorporated in 1989. Currently REL is a leader
More informationRunning to Stand Still
July 2009 : Running to Stand Still Author(s): Sandeep Hebbar shebbar@omadvisory.com Contact: Om Advisory, 189, Block 19, Jeevan Mitra, JP Nagar, Phase 1, Bangalore - 560078 support@omadvisory.com Ph: +91-80-26655461
More informationTipco Asphalt Public Company Limited (TASCO)
(TASCO) Q1/2015 Opportunity Day 4 th June 2015 1 Disclaimer This presentation material has been prepared solely for informational purposes only. TASCO is furnishing it solely for use by prospective investors
More informationPI Industries. 2QFY16 Result Review HOLD. Custom synthesis restricted 2Q revenue growth ; maintain HOLD. Sector: AGRI
$Com panyname$ Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 2QFY16 Result Review (Wholly owned subsidiary of Bank of Baroda) HOLD PI Industries Ltd. Custom synthesis
More informationTree House Education & Accessories
2QFY2016 Result Update Educational Services November 10, 2015 Tree House Education & Accessories Performance Highlights Y/E March (` cr) 2QFY16 2QFY15 % chg (qoq) 1QFY16 % chg (yoy) Net sales 57 50 15.1
More informationIFGL REFRACTORIES LTD. RESULT UPDATE PRESENTATION, February 2016
IFGL REFRACTORIES LTD RESULT UPDATE PRESENTATION, February 2016 Safe Harbor This presentation and the accompanying slides (the Presentation ), has been prepared by IFGL Refractories Limited (the Company
More informationEast India Hotels (EIH) 114
Result Update Rating matrix Rating : Hold Target : 124 Target Period : 12-15 months Potential Upside : 8% What s Changed? Target Changed from 133 to 124 EPS FY16E Unchanged EPS FY17E Changed from 2.8 to
More informationL&T Press Release Issued by Corporate Brand Management & Communications
L&T Press Release Issued by Corporate Brand Management & Communications L&T House, 2 nd Floor, Ballard Estate, Mumbai 400 001 Tel: 91 22 6752 5656 / 836 Fax: 91 22 6752 5796 CIN: L99999MH1946PLC004768
More informationTata Teleservices (Maharashtra) Ltd
1 st June, 2016 TABLE 1 MARKET DATA (STANDALONE) (As on 31 st May, 2016) NSE Code TTML NSE Market Price ( ) 6.45 NSE Market Cap. ( Cr.) 1,253.11 Sector Telecomm Service Face Value ( ) 10.00 Equity ( Cr.)
More informationHOA SEN GROUP JOINT STOCK COMPANY (HSG)
HOA SEN GROUP JOINT STOCK COMPANY (HSG) OVERVIEW Hoa Sen Group JSC (HSG) was established in August 2001 with initial charter capital of VND 30 bn, mainly operating in the fields of import, production and
More informationBharatiya Global Infomedia Ltd
Bharatiya Global Infomedia Ltd 31 st May, 2016 TABLE 1 MARKET DATA (STANDALONE) (As on 31 st May, 2016) NSE Code BGLOBAL NSE Market Price ( ) 5.70 NSE Market Cap. ( Cr.) 9.25 Sector IT Software Face Value
More informationBUY. Muted Q3; Brands & Retail story to unfold ARVIND. Target Price: Rs 344. Segmental highlights
05 FEB 2016 Quarterly Update BUY Target Price: Rs 344 Muted Q3; Brands & Retail story to unfold Arvind s Q3 consolidated revenue at Rs 21.6 bn (Rs 20.7 bn in Q3FY15) was marginally below our estimate of
More informationMobile Advertising Market - India
Mobile Advertising Market - India February 2015 Executive Summary Market Overview Global market size of mobile advertising stood at INR a1 bn in 20--, growing at a CAGR of a2% from the previous year Market
More informationCloud Computing Market India
Cloud Computing Market India October 2014 Executive Summary Market Overview In, overall value of cloud computing services in India was INR x1, being largely driven by factors such as scalability, flexibility
More informationAxis Bank. Strong core performance. Source: Company Data; PL Research
Strong core performance January 17, 2011 Abhijit Majumder abhijitmajumder@plindia.com +91 22 66322236 Umang Shah umangshah@plindia.com +91 22 66322242 Rating BUY Price Rs1,230 Target Price Rs1,600 Implied
More informationCredit Analysis and Research Ltd. CARE : SUBSC RIBE 4th December, 2012. Financial summary (Consolidated) - Rs. mn
Credit Analysis and Research Ltd. CARE : SUBSC RIBE 4th December, 2012 CARE is a full service credit rating company in India and currently the second largest rating company in India in terms of rating
More informationAccumulate. Exide Industries Ltd(EIL) Automobile Ancillaries RETAIL EQUITY RESEARCH
Q3FY16 RESULT UPDATE GEOJIT BNP PARIBAS Research RETAIL EQUITY RESEARCH Exide Industries Ltd(EIL) Automobile Ancillaries BSE CODE: 500086 NSE CODE: EXIDEIND Bloomberg CODE: EXID IN SENSEX: 23,759 Accumulate
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 534.00 Target Price 615.00 TECH MAHINDRA LIMITED Result Update (CONSOLIDATED BASIS): Q2 FY16 NOVEMBER 19 th 2015 ISIN: INE669C01036 12 th h, 2013 Index Details Stock Data Sector IT BSE Code 532755
More informationMinda Industries Ltd. INR 886
Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 India Equity Institutional Research Automobiles RESULT UPDATE Minda Industries Ltd. INR 886 Profit boosted by margins ACCUMULATE In Q3FY16, Minda Industries
More informationRamKrishna Forgings Ltd.
January 3, 2014 RamKrishna Forgings Ltd. Poised for Growth CMP INR 81 Target INR 117.2 Coverage Follow Up BUY Key Share Data Face Value (INR) 10 Equity Capital (in INR Million) 211.0 Market Cap (in INR
More informationSoftware Testing Market India
Software Testing Market India July 2014 Executive Summary Market Software Testing market in India was valued at ~ INR xx bn in 20-- and is projected to grow at a CAGR of ~ x1% between 20--- and 20-- Over
More informationBata India Ltd. (BIL)
Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Q2FY16 Result Review (Wholly owned subsidiary of Bank of Baroda) BUY Bata India Ltd. (BIL) Cloudy quarter sunshine ahead;
More information2013 Half Year Results
2013 Half Year Results Erwin Stoller, Executive Chairman Joris Gröflin, Chief Financial Officer Agenda 1. Introduction and summary of first half year 2013 2. Financial results first half year 2013 3. Outlook
More informationEnergy Equipments. Plot No: 5208, Phase IV, G.I.D.C. Vatva, T-1 Road (Towards Ramol), Ahmedabad- 382445 Profit sharing Ratio Mr.
Fact Sheet Grading Drivers Energy Equipments ICRA has assigned a SP 4C grading 1 to Energy Equipments (EE), indicating the Weak Performance Capability and Moderate Financial Strength of the channel partner
More informationUltraTech Cement Ltd.
Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 October 31, 212 COMPANY RESULTS REPORT REVIEW UltraTech Cement Ltd. Rich valuation overlooks strong performance
More informationEast India Hotels (EIH) 109
Result Update Rating matrix Rating : Hold Target : 1 Target Period : 12-15 months Potential Upside : -8% What s Changed? Target Changed from 124 to 1 EPS FY17E Changed from 2.3 to 2. EPS FY18E Introduced
More informationAcquisition of SAIT Communications. 28 July 2015
Acquisition of SAIT Communications 28 July 2015 Conference call details SpeedCast acquires SAIT Communications The company has scheduled a conference call as follows: Time: 11.00am (Sydney time), 28 th
More informationStrong operational performance
ABB India Equity Research Engineering & Capital Goods February 8, 2016 Result Update Emkay Your success is our success Strong operational performance CMP Target Price Rs1,134 Rs1,407 ( ) Rating Upside
More informationIn line performance. Results update 4Q2015. Banks UAE 28 January 2016 DUBAI ISLAMIC BANK
28 Jan 15 28 Apr 15 28 Jul 15 28 Oct 15 DUBAI ISLAMIC BANK In line performance Results update 4Q2015 Banks UAE 28 January 2016 Dubai Islamic Bank s (DIB) reported net profit of AED865mn, in-line with our
More informationHCC BUY. Infrastructure January 29, 2016
Jan-15 Mar-15 Apr-15 May-15 Jul-15 Aug-15 Sep-15 Nov-15 Dec-15 Jan-16 India Research Infrastructure January 29, 2016 QUARTERLY REVIEW Bloomberg: IN Reuters: HCNS.BO BUY Better margins drive earnings s
More informationPAPER 19: Cost and Management Audit
PAPER 19: Cost and Management Audit Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 19 : Cost and Management Audit Time Allowed:
More informationBUY. Key Risks. Technology - Technology Services - Information Services. Nov 19, 2015. CRISIL Ltd. Recommendation (Rs.)
Technology - Technology Services - Information Services India Research - Stock Broking Economic recovery to boost revenues across business segments: The rating revenues witnessed 8% growth in 214 compared
More informationBanking. July 25, 2014
July 25, 2014 Banking BANKING SECTOR PERFORMANCE STUDY FY14 Our study covers 39 banks 26 Public Sector Banks & 13 Private Sector Banks. Foreword The in the Indian economy continued to be moderate in FY14
More informationQATAR NATIONAL BANK (QE: QNBK)
WEALTH MANAGEMENT Dominant market position in Qatar complemented by a growing regional presence in high growth, underpenetrated markets expected to drive future earnings growth for QNB. STOCK OF THE MONTH
More informationHow To Value Hpl In India
Materials - Containers & Packaging Oct 01, 2015 Bloomberg Code: HPPL IN India Research - Stock Broking Backed by Acquisition, Set to Augment Market Share New acquisition: In FY15, HPPL acquired 100% of
More informationSUPREME INDUSTRIES LTD Plastic Products HOLD RETAIL EQUITY RESEARCH
Q2FY16 RESULT UPDATE GEOJIT BNP PARIBAS Research RETAIL EQUITY RESEARCH SUPREME INDUSTRIES LTD Plastic Products BSE CODE:509930 NSE CODE: SUPREMEIND Bloomberg CODE: SIL IN SENSEX: 24,470 HOLD CMP Rs725
More informationButterfly Gandhimathi (GANAP) 188
Result Update Rating matrix Rating : Buy Target : 240 Target Period : 12 months Potential Upside : 27% What s changed? Target EPS FY16E EPS FY17E Rating Quarterly performance Unchanged Unchanged Unchanged
More informationHerzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd
P Quarter P Half-Year For immediate release MEDIA CONTACT: INVESTOR CONTACT: U.S.A.: Lisa Beachy, Tel. +1 617 488 2945 Europe: Ulf Santjer, Tel. +49 9132 81 2489 Dieter Bock, Tel. +49 9132 81 2261 Herzogenaurach,
More informationInvestment Rationale
TM PTC India Financial Services Ltd IPO Analysis 15th Mar. 2011 Recommendation : Subscribe Sector NBFC Bidding Details Price Band Rs 26 - Rs 28 Face value Rs 10 Bid Size 250 and in multiple thereof Issue
More informationTechno Electric & Engineering Limited
Engineering & Capital Goods Event Update Techno Electric & Engineering Limited Buy Wind business spin off will lead to value unlocking. Institutional Research CMP (`) 404 Target (`) 504 Nifty: 8,224 Sensex:
More informationCRISIL Limited: Unaudited Financial Results for the quarter ended September 30, 2005.
Pg 1/8 CRISIL Limited: Unaudited Financial Results for the quarter ended September 30, 2005. October 19, 2005. Mumbai. The Board of Directors of CRISIL Limited, India s leading Ratings, Financial News,
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 296.50 Target Price 340.00 TRANSPORT CORPORATION OF INDIA LTD Result Update (PARENT BASIS): Q2 FY16 JANUARY 2 nd 2016 ISIN: INE688A01022 12 th h, 2013 Index Details Stock Data Sector Surface Transportation
More informationMuthoot finance ltd. (mfl) IPO note
Muthoot finance ltd. (mfl) IPO note Issue Details Issue Date April 18, 2011 April 21, 2011 Issue Size Rs. 8.24-9.01bn Price Band Rs. 160-175 FV Rs.10 Fresh issue 51.5 mn equity shares QIB 50% Non Institutional/HNIs
More informationSAIL (SAIL) 56. Dismal performance. Result Update. ICICI Securities Ltd Retail Equity Research. August 17, 2015
Result Update Rating matrix Rating : Sell Target : 50 Target Period : 12 months Potential Upside : -11% What s Changed? Target Changed from 60 to 50 EPS FY16E Changed from 4.8 to 1.1 EPS FY17E Changed
More informationSatisfactory Top-Line; Disappointing Bottom-Line
: Tsingtao Brewery (00168 HK) 公 司 报 告 : 青 岛 啤 酒 (00168 HK) Satisfactory Top-Line; Disappointing Bottom-Line 销 售 增 长 理 想 但 盈 利 能 力 令 人 失 望 Sunny Kwok 郭 日 升 +852 2509 2642 sunny.kwok@gtjas.com.hk GTJA Research
More informationPiramal Glass. Investment Idea. Turnaround story. Investment Rationale. Company Description. Horizon 12-18 months. CMP:106 Target:146 View: Buy
Piramal Glass Price (Rs.) Market Cap (Rs.Crs.) 52 High / Low (Rs.) Mcap/Sales TTM Book Value (Rs.) TTM PE TTM EPS P/BV FV BSE NSE 106 785 142/79.15 0.77 28 10.9 8.9 3.5 10 532949 PIRGLASS Shareholding
More informationBritannia Industries
Rally in Input costs near term drag, Maintain BUY June 20, 2016 Amnish Aggarwal amnishaggarwal@plindia.com +91 22 66322233 Gaurav Jogani gauravjogani@plindia.com +91 22 66322238 Rating BUY Price Rs2,641
More informationBillion list for the Asia-Pacific region by US magazine Forbes.
Only Cable company featured in Forbes Magazine Rated among the top 22 Indian companies featured in the latest 200 Best under a Billion list for the Asia-Pacific region by US magazine Forbes. Cords Cable
More informationVoIP Market India July 2014
VoIP Market India July 2014 Executive Summary Market Overview The Indian VoIP market is currently valued at INR x1 mn and is expected to attain a CAGR of x2% to reach INR x3 mn by 20-- Mobile VoIP market
More informationResults impacted by subdued demand
India Equity Research Agri Input & Chemicals January 25, 2016 Result Update Coromandel International Results impacted by subdued demand Emkay Your success is our success CMP Target Price Rs165 Rs225 (
More informationPrivate drilling fluid technology service leader
21 March 2012 Equity Research Report Company Research Petroleum & Petrochemical Sichuan Renzhi Oilfield Technology Services (002629) Investment value analysis report Private drilling fluid technology service
More informationApril 20, 2015 Pressman Advertising Limited Good play in the growing advertising business
Good play in the growing advertising business April 20, 2015 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 Company Report Recommendation CMP (Rs.) Target Price
More informationG5 Entertainment. G5 Entertainment. Quarter Update Q3 15. Amended strategy and boosted profitability
Quarter Update Q3 15 Last updated on the 18/11/2015 Share Price Market Capitalisation Target Price 41.00 SEK 360.8m SEK 49.05 SEK Amended strategy and boosted profitability reported their third quarter
More informationLeasing in India- Poised for Growth
sj Leasing in India- Poised for Growth August-2011 Leasing in India-Poised for Growth 0 ICRA Management Consulting Services Limited LEASING SECTOR IN INDIA Leasing of equipments and real assets is a prominent
More informationKotak Mahindra Bank Rs 685
India Equity Institutional Research BANKS RESULT UPDATE Kotak Mahindra Bank Rs 685 Smooth merger; benefits to accrue HOLD KMB s consolidated PAT for Q4FY15 stood at INR 9.5 that primarily on the back of
More informationIndia's Booming Stock Market and Its Outlook Ahead
VOL1. NO. February 2006 India's Booming Stock Market and Its Outlook Ahead India's stock market in 200 was driven by expanding inflows of foreign capital into the country on the back of expectations for
More informationMerger of ING Vysya Bank with Kotak Mahindra Bank
Merger of ING Vysya Bank with Mahindra Bank Significant Complementarity and Growth Potential Benefits To All Stakeholders November 20, 2014 The Transaction The Board of Directors of ING Vysya and have
More informationCONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009
CONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009 (March 1, 2009 to May 31, 2009) July 9, 2009 F&A Aqua Holdings, Inc. is listed on the First Section of the Tokyo Stock Exchange under the securities
More informationSTRATEGY UPDATE 2 MARCH 2016
STRATEGY UPDATE 2 MARCH 2016 Portfolio Focus on Attractive Growth and Margin Opportunities André Lacroix, CEO Intertek Group plc, is today announcing a strategic update outlining the Group s plan to deliver
More informationNetscribes (India) Pvt. Ltd.
Netscribes (India) Pvt. Ltd. http://www.marketresearch.com/netscribes India Pvt Ltd v3676/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday:
More informationHOLD. The case of missing sales growth ZYDUS WELLNESS. Target Price: Rs 780. Q3highlights
The case of missing sales growth Zydus Q3 net sales at Rs1.1 bn was up 3% on a like-to-like basis (Q3 15 had Rs 223 mn additional excise duty credit from prior periods), below our estimate of 6%. The company
More informationQuant Picks United Breweries
October 6, 2015 Quant Picks United Breweries Research Analyst Amit Gupta amit.gup@icicisecurities.com Raj Deepak Singh rajdeepak.singh@icicisecurities.com Azeem Ahmad azeem.ahmad@icicisecurities.com i
More informationExhibit 1: Financial summary of First Tractor in 1H12-1H14 1H12 2H12 1H13 2H13 1H14 (% YoY)
Capital Goods Manufacturing ector August 29, 214 Company Report Rating: HOLD TP: HK$ 4.8 H-hare price (HK$) 5.17 Est. share price return (7.16%) Est. dividend yield 1.39% Est. total return (5.77%) First
More informationCORPORATE CREDIT RATINGS A Note on Methodology
October 2009 ICRA Rating Feature CORPORATE CREDIT RATINGS A Note on Methodology The basic objective of credit rating is to provide an opinion on the relative credit risk associated with the instrument
More informationCD Equisearch Pvt Ltd
Dec 17, 2015 Lumax Industries Ltd. No. of shares (m) 9.35 Mkt cap (Rs crs/$m) 424/63.4 Current price (Rs/$) 453/6.8 Price target (Rs/$) 625/9.3 52 W H/L (Rs.) 554/280 Book Value (Rs/$) 213/3.2 P/BV (FY16e/17e)
More informationHEG Ltd (HEG) 160. Performs well. Result Update. ICICI Securities Ltd Retail Equity Research. November 10, 2015
Result Update Rating matrix Rating : Hold Target : 175 Target Period : 12 months Potential Upside : 9% What s Changed? Target Changed from 185 to 175 EPS FY16E Unchanged from 9.1 to 9.5 EPS FY17E Unchanged
More informationMaruti Suzuki. Source: Company Data; PL Research
Q3 results subdued, Outlook remains good; BUY January 28, 2016 Rohan Korde rohankorde@plindia.com +91 22 66322235 Rating BUY Price Rs4,103 Target Price Rs4,844 Implied Upside 18.1% Sensex 24,470 Nifty
More informationJust Dial Ltd Bloomberg Code: JUST IN
Communications - Internet Media Oct 14, 215 Bloomberg Code: JUST IN India Research - Stock Broking India s local search engine, warming up with add-on services Just Dial is now into a platform where people
More informationMATELAN Research. Intelligent Transportation Systems MEGATRENDS DRIVE MARKET GROWTH FINANCIALS ACCELERATING IVU AND INIT SHOW HIGHEST UPSIDES
MATELAN Research Intelligent Transportation Systems MEGATRENDS DRIVE MARKET GROWTH FINANCIALS ACCELERATING IVU AND INIT SHOW HIGHEST UPSIDES 2/5/12 2/7/12 2/9/12 2/11/12 2/1/13 2/3/13 2/5/13 2/7/13 2/9/13
More informationSREI Infrastructure Ltd.
Report Date 22nd Oct, 2010 Company Name SREI Infrastructure Ltd. Price / Recommendation CMP: - `121 Buy (Medium Risk Medium Return) Company Background SREI Infrastructure Finance Ltd started its operations
More informationMerger of ING Vysya Bank with Kotak Mahindra Bank
Merger of ING Vysya Bank with Kotak Mahindra Bank Significant Complementarity and Growth Potential Benefits To All Stakeholders 20 November 2014 The Transaction The Board of Directors of ING Vysya and
More informationConsolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31 st, 2016 (FY2016), Japan GAAP February 9 th, 2016
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending March 31 st, 2016 (FY2016), Japan GAAP February 9 th, 2016 Company Name Tokyo Seimitsu Co., Ltd. Stock Listing: First Section,
More informationFor personal use only GALE PACIFIC LIMITED
GALE PACIFIC LIMITED RESULTS FOR YEAR ENDED 30 JUNE 2013 FY13 Review FY13 FY12 FY11 A$M S A$M S % Variance A$M S Sales 120.0 110.5 9% 95.6 EBITDA 18.0 18.0 0% 15.8 EBIT 12.9 12.5 4% 9.9 NPAT 9.1 8.5 7%
More information