All results on 26th June, 2020

All results on 26th June, 2020

All results on 26th June, 2020
200 cos reported results – taken cos over 50 cr m-cap only

Pataka
Hudco: sales up 28%, pat up 87% (4x)
West coast paper: sales up 40%, pat doubles (3.8x, 30% roce)

Good
ITC: special dividend
Glenmark: ebidta up 28%, pat up 36% (18x)
Hind Food: sales up 65%, ebidta up 146% (78x)
CESC Ventures: ebidta up 30% (cmp 171, BV 876)
Rubfila Intl: sales up 20%, ebidta up 25% (9x, 18% roce)

Not Bad
Sheela foam: sales donw 6%, margins 14.7% vs 10.7% (35x)
Bharat rasayan: sales & ebidta flat, pat up 23%
Sunflag iron: sales down 18% but ebidta up 52%
Ugar sugar: margins 24% vs 19%

Weak
Coal India: ebidta down 18%, pat down 23%
Sun TV: sales down 17%, ebidta down 18%, pat down 16%
Oil India: sales down 16%, ebidta loss of 477 cr (3x…crude bounced back)
Emami: ebidta down 37%, pat down 58%
ITI: ebidta down 15%, pat down 47% (54x??, 3.8% roce)
Kajaria: ebidta down 25%
Eih: sales down 19%, ebidta down 37%
Century Plyboard: sales down 10%, ebidta down 15%
ISGEC Heavy: ebidta down 33% (12x)
TVS Srichakra: sales down 27%, ebidta down 42% (13x)
Puravankara: sales down 42%
Kalyani Steels: sales down 15%, ebidta down 30% (6x, roce 21%)
J Kumar Infra: ebidta down 32%
Sterling tools: sales down 27%, ebidta down 15%
Jaybharat Maruti: sales, ebidta down 15% (15x)
Elecon eng: ebidta down 41%
S P Apparels: ebidta down 46%
TPL Plastech: ebidta down 40%

Ugly
Nalco: ebidta down 60%; 10.8% vs 18.7%
Federal-Mogul Go: ebidta down 51%, pat down 87% (45x)
Rupa & co: sales down 55%, ebidta down 85% (16x)
Hester Bios: ebidta down 58%, pat down 72% (37x)
Excel Ind: ebidta down 58%, margins 12.8% vs 26.2%
Patel Eng: ebidta loss of 70 cr
Ramkrishna Forging: sales down 50%, ebidta down 60% (13x)
Orient paper: sales down 32%, ebidta down 99%
Alicon Cast: sales down 38%, ebidta down 70%
Mirc elec: ebidta loss
Vikas wsp: pat down 82%
Nitco: sales down 53%, ebidta loss
Hind organic chem: ebidta loss continue
Aries Agro: ebidta down 83%

Varinder Bansal

Managing Partner, Pantomath Asset Management. Ex-Corporate Editor & Head of Research, CNBC-TV18

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