We project a 40% EPS CAGR over FY18-20, driven by steady growth in the company's base business, in which Himadri enjoys a strong competitive position, and rapid ramp-up in high-margin new products, advanced carbon material an
Atul is one of IIFL’s top ten mid-cap buy ideas for 2018. We expect Atul to report attractive earnings growth from 3QFY18 onwards, supported by a low base effect, operating leverage due to improving utilisation of newly-com
The recent change of hands in the minority stake in Holidaybreak (HBR) sets a benchmark EV of c.£600 million for HBR, and implies a significantly higher EV/Ebitda multiple (c13x FY18ii) for HBR than we ascribe (10x) in our S
We upgrade FY18-19ii EPS for OMCs by 10-25% on the back of: 1) firm GRMs; 2) sustained product sales; and 3) strong outlook for marketing margins. OMCs trade inexpensively, offering earnings yield of 10-11% and dividend yield
Following strong 8.5% y-o-y (7.6 million tonne volume) growth in Indian crude steel production in FY17, we would focus more on sluggish domestic steel demand, since this would determine further volume/price growth over FY17-2
Idea will cover 94% of its revenue footprint with 4G by end-FY17 or mid-FY18. JIO accelerating adoption of VoLTE will give the top four an edge over smaller players that cannot offer data or VoLTE, and will help eliminate sub
We expect telcos to bid conservatively in the 2016 auctions considering: no renewals for the top telcos; accelerated network rollout resulting in adequate capacity for the top players for at least the next two-three years....