Our analysis highlights that company’s earnings have reached a sustainable base (three drugs commercialised over past three years) and will continue to improve on this base going ahead.
Central Depository Services continues to gain market share in the month of Oct and Nov 2018 with net beneficial owner accounts increasing to 16.5mn at the end of November 2018 compared to 16 mn at the end of 2QFY19.
Between FY16 and FY18, company’s revenues grew at a CAGR of 1.3% while profits have jumped from Rs 81 mn in FY16 to Rs 705 mn in FY18 led by improvement in margins and capacity utilisation.
PNC has submitted duly executed financing documents to NHAI for the three HAM projects (in Chakeri Allahabad, Aligarh Kanpur and Challakere Hariyur) and expects to receive appointed date in the current financial year (FY19).
Cyient Q2FY19 revenue grew by 5.1% q-o-q in dollar term to $169 million ahead of our estimate of $166.4 million. Services grew by 2.3% and DLM revenue grew by ~27% sequentially in dollar terms.
We expect Cummins India to be able to deliver growth at c.16.4% CAGR (against flat YoY growth in FY18E) between FY18-20 given the continued momentum in industrial demand and potential benefits arising from improving economic
The management is upbeat about the dyestuff expansion plan and believes that, the recent uptick in Vinyl Sulphone and H-Acid prices shall support the final product prices and overall revenues.
We met with the senior management of RBL and came back confident on its outlook and execution capabilities. Growth rates to remain healthy with benefits flowing from multi-channel distribution network.
KNPL has maintained a low double digit volume growth rate in the decorative segment for the last 12 quarters in the decorative segment outperforming the performance of market leader Asian Paints and peer Berger Paints driven
CUMI Q3FY18 result was in line with our estimate. Volumes across divisions have started to pick up with exception to channel abrasives, severed by GST rollout.
We met with the management of Gabriel India. The company is optimistic of healthy growth in revenues on the back of repeat business and new order wins.
The company supplies to nearly all the major auto OEMs across the four, two wheeler and LCV segment. KNPL's strong dominance in automotive paints segment is supplemented by its parent Kansai's association with global OEMs tha
MSIL new products in the past couple of years continues to perform strongly with robust demand. Baleno/Dzire/Brezza and Ignis accounts for 40% of the company’s domestic sales volumes (up from 32% in FY17).
Vascon Engineers Ltd (VEL) has presence in construction and development of residential and commercial real estate projects with a history of over 25 years.
Shrinking business in the B2B segment, increasing competition and slowing business from the e-commerce segment has been impacting the performance of Blue Dart Express (BDE) since few quarters.
