Result Q2FY21

Results on 13th Nov 2020

NALYSIS OF COS REPORTING RESULTS ON 13TH NOV 2020 STRONG RESULTS + REASONABLE VALUATIONSTata SteelM-cap 54800 cr, Trade at 0.8 pbMargins 16.5% vs exp 11.5%Consolidation of domestic business: to watch Tata Steel BSL, Tata Steel Long, Tata Metaliks Eveready IndM-cap 1124 crStock down 2% from 52-week highTrade at 15x pe, 2x pb, 15% roceSales up 7%, ebidta up 138%, pat up 216%Margins at 20.3% vs 9% yoy, vs 15.7% qoq Banco ProductsM-cap 763 crStock down 7% from 52-week highTrade at…

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Results on 12th Nov 2020

ANALYSIS OF COS REPORTING RESULTS ON 12TH NOV 2020 STRONG RESULTS + REASONABLE VALUATIONSMazgaon DockM-cap 3544 crSales up 16%, ebidta up 210% at 73 cr, margins at 6.6% vs 2.5% (cochin sales were down 32%, ebidta down 39%, pat down 48%)PAT up 6.3% at 86.4 crOrder book 54000 cr (Order book includes P-15 Destroyers, P-17A Stealth Frigates)Trade at 7x ttm peSep 2020 B/S: NW: Rs 3142 cr, Cash & Bank Rs 7206 cr, Debt freeFY20 Revenue SplitShipbuilding 70%Submarines & Heavy…

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Results on 11th Nov 2020

ANALYSIS OF COS REPORTING RESULTS ON 11TH NOV 2020 Shree Cement: excellent performance; upgrades all overIGL: EBITDA beat on lower other expenditure, Volumes in-line; recovery to pre-COVID levels by end-3QApollo Hospital: big market beat, 11% margins vs expected 6.7% (stock was up yesterday)Aurobindo: results in line to marginally better – concall imp (stock was up yesterday) ANALYSIS OF COS REPORTING RESULTS ON 11TH NOV 2020*STRONG RESULTS + REASONABLE VALUATIONSKCP Ltd: VV STRONGSales up 16%Ebidta up 175% at 91 crMargins at…

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Results on 10th Nov 2020

ANALYSIS OF COS REPORTING RESULTS ON 10TH NOV 2020 *STRONG RESULTS + REASONABLE VALUATIONSHIL IndM-cap 1351 crSales up 22%, ebidta up 98% at 92 cr vs 47 crMargins at 13.1% vs 8.1% yoy, vs 14.5% qoqProfit at 94 cr vs 32 cr (last quarter did profit of 50 cr)Trades at 11x ttm pe, 1.8x pb, roce of 12% Goodricke GroupM-cap 652 crSales up 37%, ebidta up 26% at 77 cr vs 61 crMargins at 22.6% vs 24.5% yoy, vs 15.4%…

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Results on 9th Nov 2020

Analysis of cos reporting results on 9th nov 2020 HINDALCO: Novelis’ margin surprises positivelyNovelis' 2QFY21 EBITDA surprised with 20% YoY growth to USD455m (est. USD348m)EBITDA/t of USD493 (est. USD396).Management has raised the sustainable EBITDA margin guidance for Novelis to USD480-500/t (from USD450-475/t) STRONG RESULTS + REASONABLE VALUATIONSNCL IndM-cap 656 crSales up 79%, ebidta up 212%, pat up 390% yoyMargins at 23% vs 13.3%Stock 4% away from 52-week highTrade at 13x ttm pe, 1.2x pbRoce at 11% Sandur ManganeseM-cap 630 crSales…

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Results on (6th-8th Nov 2020)

Analysis of results declared on Friday, Saturday & Sunday (6-8 Nov 2020) STRONG RESULTS + RICH VALUATIONSDivis: sales up 21%, ebidta up 51%, pat up 45%, margins surge to 42.4% vs 33.9%, vs 40.5% qoq (50x ttm pe)Historic high EBITDA/ margin on robust gross marginGrowth and margin expansion cycle to continueAnnounced new capex of Rs 400 cr Cipla: SUPERSales up 14.5%, ebidta up 29%, pat up 41%, margins at 23.4% vs 20.7% (38x ttm pe)Indian business (up 30% qoq) and…

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Weekly Results Analysis (2-6th Nov 2020)

ANALYSIS OF COS REPORTING RESULTS LAST WEEK GOOD SALES GROWTH & REASONABLE VALUATIONSRamco IndM-cap 1700 crTrades at 8.5x pe, 0.5 pbSales up 18%, ebidta up 90%, pat up 55%Stake in Ramco cement valued at Rs 4000 crOn standalone basis, co does pat of 50 cr pat (excluding other income)Standalone business book value at 780 crSo standalone even at 1.5x has value of 1000 cr GeojitRevenue up 52%, PAT at 32 cr vs 9 cr yoy, vs 24 cr qoqNew customer…

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Results on 5th Nov 2020

GENERAL INFORMATIONAnalysis of cos reporting results on 5th Nov 2020 Strong results + reasonable valuationsDalmia BharatLtdM-cap 16367 crSales up 8%, ebidta up 49%, pat up 750%Ebidta at 700 cr vs estimated 600-620 crHighest ever quarterly EBITDA at 702CrEBIDTA/ton at 1457 vs 1039Volume growth of 7% YOYTrades at usd 65/tonIMP: Dalmia Bharat Group appoints ex-Infosys official Rajiv Bansal as Senior Executive DirectorConference call at 10.30 AM IST on 6 November. Dial in: +91-22-6280 1536/+91-22-7115 8344 Concor 2Q ConsSales 1510 cr vs…

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Results on 4th Nov 2020

GENERAL INFORMATION Strong results + reasonable valuationsSRFAll-round performance with margin upgrade across segmentsSales up 21%, ebidta up 73%, pat up 5%Co approved capex of Rs 424 cr for the second BOPP lineHealthy growth in both Speciality Chemicals and Packaging Film segmentsChemicals segment achieved ~20% margin, the best in the last six quartersPackaging Films is consistently showing margin expansion (~17% in FY19 to ~30% in Q2FY21)Ttm pe 25x, pb 4.5x, 14.5% roce Apollo TyresSales up 7.5%, ebidta up 61%, pat up…

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Results on 3rd Nov 2020

Analysis of cos reporting results on 3rd Nov 2020 Strong results + reasonable valuationsGeojitM-cap 954 crRevenue up 52%, PAT at 32 cr vs 9 cr yoy, vs 24 cr qoqTtm pe 10x, 1.7x pbNew customer addition 13300 vs 11900 yoy, vs 10630 qoqhttps://www.bseindia.com/xml-data/corpfiling/AttachLive/1c12dcec-59bd-463c-9e8f-3d61197ab646.pdf Everest IndM-cap 348 cr; 0.8 pbSales at 273 cr vs 286 crEbidta at 31 cr vs loss of 2 crMargins at 11.3% vs lossPat at 18 cr vs loss (vs 21 cr qoq) Ramco IndM-cap 1670 cr,…

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