Results on 3rd Nov 2020

Results on 3rd Nov 2020

Analysis of cos reporting results on 3rd Nov 2020

Strong results + reasonable valuations
Geojit
M-cap 954 cr
Revenue up 52%, PAT at 32 cr vs 9 cr yoy, vs 24 cr qoq
Ttm pe 10x, 1.7x pb
New customer addition 13300 vs 11900 yoy, vs 10630 qoq
https://www.bseindia.com/xml-data/corpfiling/AttachLive/1c12dcec-59bd-463c-9e8f-3d61197ab646.pdf

Everest Ind
M-cap 348 cr; 0.8 pb
Sales at 273 cr vs 286 cr
Ebidta at 31 cr vs loss of 2 cr
Margins at 11.3% vs loss
Pat at 18 cr vs loss (vs 21 cr qoq)

Ramco Ind
M-cap 1670 cr, 0.5 pb
Revenue up 18.5% At Rs 261.4 Cr
EBITDA up 90.6% At Rs 43.2 Cr
EBITDA Margin At 16.5% Vs 10.3%
PAT up 55.8% At Rs 78.8 Cr Vs Rs 50.6 Cr

Ajanta Pharma
25x ttm pe, 27% roce
Sales up 11%, ebidta up 54%, pat up 46%
To buyback 7.3lk shares at Rs1850/share
Price at 15% premium to yesterdays closing pricr

Strong results + rich valuations
Adani Gas
M-cap 24500 cr
Sales down 11%, ebidta up 54%, PAT up 12%
Margins at 50% vs 28%
Ttm pe 60x, 16x pb
Volumes at 139mmscmd vs 149mmscmd YoY
Volumes at 90% of precovid levels

Elantas Beck
M-cap 1965 cr
Sales up 20%, ebidta up 102%, PAT up 48%
Margins at 23% vs 14%
Ttm pe 45x, 5x pb

HLE Glascoat
M-cap 1781 cr
Sales up 4%, ebidta up 14%, PAT up 23% yoy
Sales up 45%, ebidta up 44%, PAT up 80% QoQ
Margins at 17.6% vs 16%
Ttm pe 47x, 23x pb

Weak results
Ratnamani Metals
Sales down 5.5%, ebidta down 30%, pat down 25%
Ttm pe 20x, pb 3.5x, 24% roce

Orient Refrac.
M-cap 2266 cr
Sales flat, ebidta down 6%, PAT down 20%
Ttm pe 30x

Varinder Bansal

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

Leave a Reply

Close Menu