We arrive at an NPV of ~Rs 12/share for the opportunity arising from the Covid-19 vaccine. We continue to value…
Highlights from the management commentary: VIL is focusing on investments in 16 priority circles, which contribute 94% of revenue. Focus…
The management has guided for gas production potentially at 24.7bcm for FY22, while gas production would be lower than earlier…
Profitability in Europe is likely to improve; Ebitda for FY22/23e up 16%; TP raised to Rs 1,565; ‘Neutral’ retained given…
Asset quality trends were stable sequentially in a challenging environment, with fresh slippage at Rs 51.3 billion (annualized slippage rate…
Overall, asset quality remains uncertain, and we estimate credit costs to remain elevated at 5.5% of loans for FY22 (similar…
The restructured book increased sharply to ~₹53b (6.6% of total AUM). SMA loans surged to 21%, while a large portion…
It delivered a healthy loan growth in Home loans. However, LAP and developer book growth has slowed down. Collection efficiency…
The current valuation adequately factors in an upside in the Branded Generics segment. We maintain our ‘neutral‘ rating.
The bank carries total COVID-related provisions of INR12.8b (~0.6% of loans) and has not drawn anything during 1QFY22.
As a result, asset quality ratios deteriorated by ~15bp QoQ. Restructuring stood at 0.33% of loans (additional 11bp of restructuring,…
BURGERKI offers its services via four channels — dine-in, takeaway, delivery and drive-thrus. We initiate coverage with a ‘buy’ rating…
The voluntary scrapping of trucks would boost CV demand, although not substantially.
The muted trends were primarily attributable to lockdowns in core states/territories, which resulted in subdued disbursements of Rs 12.7b (~50%…
The management is adequately prepared to tackle any disruptions in the business environment resulting from the third wave of Covid-19.
We raise our FY22E/FY23E ebitda estimate by 43%/27%, factoring in higher aluminum prices, which should support strong cash flows and…
At the consolidated level, EBITDA was up 10% YoY to `6.3b. The co. has set its sights on improving its…
While a part of this increase should be offset by the carbon surcharge of €12/t recently levied by Tata Steel…
