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Capital Goods

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Capital Goods

SECTOR | 11 Jan 2022

Oct-Dec'21 Earnings Preview Ordering momentum to gain pace

Capital Goods

Prabhudas Lilladhar

In our view, ordering activity has been accelerated in Q3FY22 and is expected to report strong growth in H2FY22. While on tendering front, domestic tender and enquiry pipeline continues to remain strong though some delay is order finalization can be witnessed, especially in state government projects. Traction remains strong from sectors such as data center, railway, metro, pharma, cement, chemical, metal, mining and F&B. On exports front ordering Acc=Accumulate/ UR=Under Review and enquiry pipeline stands strong from regions like Africa, Middle East, US,...

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 10 Jan 2022

Result Preview: Capital Goods

Capital Goods

ICICI Securities Limited

Revenue, EBITDA to grow 17.9%, 18.9%, respectively Overall, the coverage universe revenue is expected to grow 17.9% YoY owing to execution pick-up at engineering and T&D companies like L&T, KEC, KPTL, BEL and Cochin Shipyard. The international business and exports likely to aid performance of companies like L&T, KEC, AIA, Elgi, ABB etc. We expect EBITDA to grow 18.9% YoY owing to operating leverage in product companies and execution pick-up by EPC companies factoring in pandemic impact and higher commodity prices. Consequently,...

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 10 Dec 2021

F&O: Bull Spread Strategy on L&T by Nandish Shah of HDFC Securities

Business Standard

Capital goods as a sector looking good on the chart

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 11 Nov 2021

Capital goods index hits new peak in weak market; L&T;, Timken at new highs

Business Standard

Thermax rallied 12 per cent to Rs 1,503 after it reported 183 per cent year-on-year jump in its consolidated profit after tax

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 09 Oct 2021

Result Preview: Capital Goods

Capital Goods

ICICI Securities Limited

Overall, the coverage universe revenue is expected to grow 18.7% YoY owing to decent execution amid low base at engineering and T&D; companies like L&T;, KEC, KPTL, BEL and Cochin Shipyard. The international business and exports likely to aid performance of companies like L&T;, KEC, AIA, Elgi, etc. We expect EBITDA to grow 21.8% YoY owing to operating leverage in product companies and execution pick-up by EPC companies amid low base factoring in pandemic impact and higher commodity prices. Consequently, overall PAT is expected to grow 24.8% YoY accounting for...

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 05 Oct 2021

Jul-Sep'21 Earnings Preview - Tender pipeline remains robust

Capital Goods

Prabhudas Lilladhar

drive, 3) rising capacity utilization and 4) increasing capex spends by government and private players. For our coverage universe we expect revenue growth of 15.6% YoY, though on last year's lower base. Project companies may report a revenue growth of 11% YoY, led by pickup in order execution and timely payment from government agencies. Product companies are expected to report revenue growth of 18.2%, led by improving...

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 27 Aug 2021

L&T; gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950

Business Standard

L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 13 Jul 2021

Result Preview: Capital Goods

Capital Goods

ICICI Securities Limited

Revenue, EBITDA to grow 40.6%, 85%, respectively Overall, the coverage universe revenue is expected to grow 40.6% YoY owing to reasonable execution amid low base at engineering and T&D; companies like L&T;, KEC, KPTL, BEL and Cochin Shipyard. The international business is likely to aid performance of companies like L&T;, KEC, AIA, Elgi, etc. We expect EBITDA to grow 85% YoY owing to operating leverage in product companies and reasonable execution by EPC companies amid low base factoring in pandemic impact and higher commodity prices....

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 06 Jul 2021

Apr-Jun'21 Earnings Preview - Second Wave of Covid and increase in RM price to impact 1Q

Capital Goods

Prabhudas Lilladhar

the back of partial lockdown implemented due to second wave and lower labour availability (down by 20-25% pre-covid levels). Although due to low base in 1QFY21 revenues are expected to grow 59% YoY, with project...

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.

Capital Goods

SECTOR | 06 Jul 2021

Apr-Jun'21 Earnings Preview - Second Wave of Covid and increase in RM price to impact 1Q

Capital Goods

Prabhudas Lilladhar

Prabhudas Lilladhar released a Sector Update report for Capital Goods on 09 Jul, 2025.