Company’s Annual Report reveals an improvement in operating cash flows even as high capex led to FCF staying in negative…
The company has not yet decided the mode of allowing Henkel an entry if the latter decides to exercise its…
Trident plans to implement a debottlenecking project to release capacity of 250-275 TPD, improving capacity utilisation and allowing further expansion…
Marico’s (MRCO) management appears optimistic about growth prospects from H2FY18 onward. Following GST rollout, the company expects to gain market…
Overall volumes grew 12.2% y-o-y , +19.1% q-o-q to 802.1 thousand units. Realisations rose 5.2% y-o-y, +0.4% q-o-q to `42.4…
Standalone Q1FY18 EBITDA rose 9% y-o-y (+6% q-o-q) to Rs 5.55 bn, translating into a margin of 20.3% (+2pp q-o-q,…
Jindal steel and Power’s (JSP’s) Q1FY18 consolidated Ebitda grew 37% y-o-y (-13% q-o-q) to Rs 13.5 bn (in-line). Interest cost…
Repco Home Finance reported Q1FY18 PAT of Rs 452m, 6% below our estimate, driven by sluggish loan growth, a drop…
Marico posted 4% y-o-y decline in consol. net sales (est. flat sales) to `16.8 billion. Domestic volume decline was 9%…
JSW Steel’s (JSTL) Q1FY18 cons. Ebitda declined 17% q-o-q to Rs 26.2 bn due to seasonal decline in volumes and…
GST issues, raw material costs hit performance; FY18/19 EPS estimates down 4/3%; valuations are fair
GSK Pharma’s Q1FY18 sales declined 14.4% y-o-y to Rs 5.9b, 24% miss. It recorded EBITDA loss of INR6m (est. of…
L&T Finance Holdings (LTFH) is a quintessential turnaround story, in our view. From a company with 20+ product lines and…
Company investments in Ultratech and ABCL valued at 40% discount; at Rs 1,384/share, there’s limited upside of 9%
Ind-AS revaluation depresses return ratios, net-debt- to-EBITDA analysis of Tata Steel’s FY17 is of particular significance because of Ind-AS introduction.
Ashok Leyland’s (AL) FY17 annual report highlights the company’s increasing focus on the LCV, exports, spare parts and defense segments…
With gas not being included under GST, it has become more uneconomical. Dirtier alternatives like coal and fuel oil have…
We interacted with several MFIs, both private and public, to get an update of the situation on the ground. There…
