Marico’s management did not pass on the benefits during this period, underestimating the extent of the consumption slowdown.
The regulator has pointed out microbiological contamination, lack of training, inadequate analysis of out-of-specifications, and deficiency in handling of complaints,…
This translates to Ebit margins of 1.9%/3.4%/4.4% for FY20/FY21/FY22E (v/s earlier estimate of 2.8%/4.1%/4.3%).
Industry-leading RoA/RoE of 3.7/23.4% estimated for FY22; initiated with ‘Buy’ rating and TP of Rs 500; valuations are reasonable.
V-Mart’s EBITDA increased to Rs 150 crore over FY18-20, with the margin down 230bp due to moderation in SSSG from…
Demand environment remains bleak, similar to the December quarter when things had worsened sequentially and y-o-y for both the company…
CY20/21e EPS down 8/3% to factor in weakness in EU; ‘Buy’ stays given valuations
In Nov’19, the National Green Tribunal (NGT) had stipulated strict action against pollution control boards that do not comply with…
The bank has been looking for sustainable loan growth with a strong focus on growing the retail book at 25%…
Ipca has done well in rheumatoid arthritis and enhancing its efforts in terms of training and educating doctors for disease-modifying…
The management plans to adopt an asset-light business model — outsourcing production rather than setting up own facilities.
AXSB has been looking to enter the life insurance business as a manufacturer for some time and consummation of this…
Margin outlook strong given recent price hikes; however, valuations factor in the gains; ‘Neutral’ maintained
JSWE expects Ebitda of Rs 9 bn for FY21, led by contribution from open merchant capacity (Rs 1.25 bn).
GNP expects 10-15 ANDA approvals annually. Gross debt stands at Rs46.8b and net debt at Rs36.5b as of Dec’19.
Higher DDA & lower other income behind PAT miss; consol. FY20e EPS down 5% due to results and soft oil…
FY20-22e EPS down 9-13% due to execution and order scenario; TP revised to Rs 40
Coal India’s (COAL’s) results highlight the impact of lower volume offtake amid subdued thermal power demand.
