Binani Industries Ltd. News and Updates

Name: Latest research reports of Binani Industries Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Binani Industries Ltd.
Rating: 5
Author: Motilal Oswal

Keep track of all breaking news on Binani Industries Ltd. from all sources in a single place.

Binani Industries Ltd.

25 May 2023

21.95

-5.02%

Binani Ind Standalone March 2023 Net Sales at Rs 0.42 crore, up 7.69% Y-o-Y

Moneycontrol

Binani Industries Ltd. has gained 58.60% in the last 3 Months

Binani Ind Consolidated March 2023 Net Sales at Rs 0.42 crore, up 5% Y-o-Y

Moneycontrol | 25 May 2023

Binani Industries Ltd.

07 May 2023

21.95

-5.02%

Co-working firm Smartworks leases 0.5 mn sq ft space in Gurugram, Noida

Business Standard

Co-working firm Smartworks has taken on lease 5.3 lakh square feet office space in Noida and Gurugram to cater to rising demand of flexible work space from corporates. Founded by Neetish Sarda and Harsh Binani, Smartworks provides managed office space to enterprises. It is present in 12 cities with a portfolio of around 80 lakh (8 million) square feet. The two new centres, located at Golf Course Road in Gurugram and Noida Sector 62, will be operational in June-July. With the addition of these two properties, Smartworks office space portfolio has crossed 10 lakh (one million) square feet in Delhi-NCR. The upcoming office space at Golf Course Road is spread over 2.3 lakh square feet, while 3 lakh square feet flexible space will come up in Noida, Sector 62. "While the hybrid work model continues, the major cities in India are seeing a steady rise in demand for physical office spaces as employees are more interested to return to office. We will continue to expand across major location

Binani Industries Ltd. is trading above all available SMAs

Binani Industries Ltd.

16 Nov 2022

21.95

-5.02%

Binani Cement SFIO case: HC paves way for summons to be issued to Shraddha Binani

livemint

SFIO in its affidavit filed before the court alleged that it had issued summons to Binani on 30 July 2021, since its probe revealed about movement of huge funds since the year 2010 to her personal bank account from related parties of Binani Cement

Binani Industries Ltd. has gained 43.93% in the last 1 Year

Binani Industries Ltd.

01 Jun 2022

21.95

-5.02%

Binani Ind Consolidated March 2022 Net Sales at Rs 0.40 crore, up 100% Y-o-Y

Moneycontrol

NULL

Binani Industries Ltd. has gained 108.85% in the last 1 Month

Binani Industries Ltd.

23 Mar 2021

21.95

-5.02%

Binani Ind Standalone December 2020 Net Sales at Rs 0.21 crore, up 16.67% Y-o-Y

Moneycontrol

NULL

Binani Industries Ltd. has gained 43.93% in the last 1 Year

Binani Ind Consolidated December 2020 Net Sales at Rs 0.21 crore, down 99.95% Y-o-Y

Moneycontrol | 23 Mar 2021

Binani Industries Ltd.

13 Mar 2021

21.95

-5.02%

UltraTech Cement takes over 3B Binani Glassfibre

Business Line

UltraTech Cement, an Aditya Birla group company, has taken over 3B Binani Glassfibre Sarl Luxembourg, a subsidiary of Binani Industries by taking over

Binani Industries Ltd. is trading above all available SMAs

Binani Industries Ltd.

07 May 2020

21.95

-5.02%

Coronavirus lockdown: Fear of data security over video-conference apps Indian courts use

Business Today

Mamta Binani, a lawyer, says there is a need for a dedicated technology that is exclusively designed for the judiciary

Binani Industries Ltd. is trading above all available SMAs

Binani Industries Ltd.

06 Feb 2020

21.95

-5.02%

Demand outlook improving; Deleveraging key focus

Buy: Binani Industries Ltd.

Motilal Oswal

Strong FCF in Demand has picked up since Dec19, which gives hope of volume growth recovering to 6-7% YoY in FY21. Regionally, demand is currently doing best in the East (up >10% YoY) and the West, while it is the worst in the South (declining 8-10% YoY). Demand in the South is expected to recover as the Polavaram project has been re-tendered (which should drive demand in Telangana). UTCEM is currently falling short of grinding capacity in the East (given strong demand growth there), which should be addressed 12-15 months down the line when its planned 3.4mtpa capacities get commissioned. We estimate decline in net debt to ~INR125b (1.1x) in FY21 led by strong free cash flow (FCF) of INR70b (~6% yield) in FY21E (v/s INR20b in FY19). UTCEM is also looking to divest non-core assets associated with the Binani acquisition (China cement plant, UAE grinding unit and Europe fiberglass business), which is expected to fetch INR10b (5% of net debt).

Binani Industries Ltd. has gained 43.93% in the last 1 Year

Binani Industries Ltd.

06 Nov 2019

21.95

-5.02%

Change in Binani brandname, quality upgrade spur UltraTech turnaround

Business Standard

The last part of the series on the Insolvency and Bankruptcy Code takes a look at how Ultratech's acquisition of Binani helped it become North India's biggest cement firm by capacity