Results declared on 20th July 2020

Results declared on 20th July 2020

This data is only for education, plz use your own discretion

Good but valuations stretched
Den Network
Sales down 4% but EBIDTA up 55%; margins at 21% Vs 13.2%, PAT at 59 cr vs 11 cr
Content cost down to 135 cr vs 159 cr (Hathway pay channel cost at 132 cr vs 130 cr)
Cable & distribution network ebit at 6.9 cr vs loss
Broadband continues to make ebit loss of 6.3 cr vs 5.4 cr
TTM P/E 40, RoCE negative, made losses in last 5 years worth over 1000 cr

PHUUUUSS
Swaraj Engines
Sales down 43%, ebidta down 53%, PAT down 55%
25x TTM P/E, 7.8x TTM P/B
Stock trading near 52-week high; bounced nearly 90% from 52-week lows

NRB Bearings
Sales down 70%, ebidta loss of 16 cr vs profit at 30 cr, net loss as well of 14 cr
Sales down to 63 cr vs avg run-rate of 200 cr in a qtr
24x TTM P/E, 1.75x TTM P/B

Bombay dyeing
Revenues down 85%; EBITDA loss at Rs 22cr vs 135cr profit, Loss at Rs.129cr vs 28cr profit
Negative ebidta margins at 25% (margins oscilate between -25% to +50%)
Real estate segment sales 12 cr vs 250 cr
Polyester biz sales 77 cr vs 342 cr
Textile biz sales at 1.6 cr vs 57 cr
M-cap 1480 cr, debt 4000 cr

Indo Amines (manufacturing, selling and distribution of Specialty Chemical)
Sales down 13%, ebidta down 43%, margins at 7% vs 11%, pat down 75%

DATA is only for education, plz use your own discretion

Varinder Bansal

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

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