Weekly Results Analysis (18-23 Oct)

Weekly Results Analysis

179 cos reported results last week

151 cos ex-bank and financials

Sales surge sequentially; Sales down 11% YoY, but up 27% QoQ

EBIDTA up 42% YoY, up 15% QoQ as well

Profit up 26% YoY, up 55% QoQ

Biggest bounce back seen in auto ancillary cos qoq sales

Subros, Pricol, ZF Steering, Bajaja Auto

Cos where sales have grown 20% YoY

Surprise name was Sagar Cements, Apollo Tricot, Indocount

CDSL reported v strong results

Cos which show sharp turnaround

JK Tyres

Vardhman Textiles

Kajaria Ceramics

Sector which show sharp turnaround

Steel show sharp turnaround in the preview week with Tata Steel BSL & Tata Steel Long Products

This week has to be cement & textile

Cement: Sagar Cement shines

Textile: Indocount was clearly the strongest but huge run-up already

Vardhman Textile saw sharp improvement sequentially

Any cos which reported growth in sales yoy & available at less than 20x?

Alembic Pharma

DCM Shriram

JK Tyre

And steel stocks like Tata Metaliks, JSW Ispat Speci.

Any good stock with cheap valuations

M-cap > 500 cr                                                       

Quarterly sales > 100 cr

Sales, EBIDTA & PAT growth yoy in 2Q = true

26 cos shortlisted

Cheapest name are commodities like tata metaliks 10x ttm pe, Huhtamaki PPL 15x ttm pe, Sagar Cement 21x ttm pe (big run up last week)

Varinder Bansal

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

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