GMM Pfaudler Ltd. News and Updates

Name: Latest research reports of GMM Pfaudler Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: GMM Pfaudler Ltd.
Rating: 3
Author: Axis Direct

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GMM Pfaudler Ltd.

11 Dec 2018

1104.20

-1.36%

GMM Pfaudler

Not Rated: GMM Pfaudler Ltd.

ICICI Securities Limited

We recently met Tarak Patel, Managing Director of GMM Pfaudler, to get an insight into the company's business model and growth prospects. GMM Pfaudler is a leading supplier of glass lined based equipment (reactors, storage tanks) in India, commanding > 50% domestic market share, finding critical application in the chemical & pharmaceutical industries. It has its manufacturing base in Karamsad, Gujarat. Pfaudler Inc, a world leader in glass lined equipment, purchased 40% of the company in 1987. They further increased their stake to 50.44%. The...

GMM Pfaudler Ltd.'s price crossed above 100Day SMA today

GMM Pfaudler Ltd.

14 Nov 2018

1104.20

-1.36%

Result Update:GMM Pfaudler

Neutral: GMM Pfaudler Ltd.

Recommendation Target

Axis Direct

GMM Pfaudler Ltd (GMM) in Q2FY19 posted revenues of Rs. 99 Cr. (up 30% Y-o-Y, up 6% Q-o-Q) due to the excellent growth shown by both Glass Line (GLE) and Non-GLE segments. PAT for the quarter stood at Rs. 9.8 Cr. (up 40% Y-o-Y, up 8% Q-o-Q) led by the robust revenue growth and internal improvements

GMM Pfaudler Ltd. is trading above its 50 day SMA of 1061.1

GMM Pfaudler Ltd.

29 Oct 2018

1104.20

-1.36%

Pick of the Week:29 OCT 2018

Buy: GMM Pfaudler Ltd.

Recommendation Target

Axis Direct

GMM Pfaudler Ltd.'s price crossed above 100Day SMA today

GMM Pfaudler Ltd.

26 Oct 2018

1104.20

-1.36%

BP Equities GMM Pfaudler Ltd Q2FY19 Result Update

Buy: GMM Pfaudler Ltd.

Target

BP Wealth

GMM Pfaudler Ltd. is trading below its 100 day SMA of 1120.4

GMM Pfaudler Ltd.

21 Aug 2018

1104.20

-1.36%

Result Update:GMM Pfaudler

Neutral: GMM Pfaudler Ltd.

Recommendation Target

Axis Direct

GMM Pfaudler Ltd (GMM) in Q1FY19 posted revenues of Rs 93 Cr. (up 35% Y-o-Y, up 6% Q-o-Q) due to stellar growth in both Glass Line (GLE) and Non-Glass Line Equipment (Proprietary Product) segment.

GMM Pfaudler Ltd. is trading below its 100 day SMA of 1120.4

GMM Pfaudler Ltd.

13 Aug 2018

1104.20

-1.36%

Result Updates

Buy: GMM Pfaudler Ltd.

Recommendation Target

Angel Broking

For Q1FY2019, GMM Pfaudler (GMM) posted a growth of 35.4%/63.9% yoy growth in revenue/ PAT amid ~494 bps margin expansion. The company is seeing good traction from its user industries like agrochemicals, which would drive 15-20% revenue growth in next two years. In view of robust demand, it is expanding its capacities by 25% in FY2019. Ou..

GMM Pfaudler Ltd.'s price crossed above 100Day SMA today

GMM Pfaudler Ltd.

13 Aug 2018

1104.20

-1.36%

BP Equities GMM Pfaudler Ltd Q1FY19 Result Update

Buy: GMM Pfaudler Ltd.

Target

BP Wealth

Strong Performance across verticals : Maintain BUY GMM Pfaudler Ltd (GMM), for Q1FY19, reported a strong set of numbers. Revenue grew at 35.4% YoY to Rs 932mn (est Rs 925mn). EBITDA showed growth of 93.4% YoY to Rs 153mn (est Rs146mn) with 494bps YoY increase in margin from 11.4% in Q1FY18 to 16.4% in Q1FY19 due to higher export revenue and lower power cost. Net profit inclined by 63.9% to Rs 91mn (est. Rs 88mn) due to operationally strong performance. During the quarter, export accounted for 10% of revenue compared to the...

GMM Pfaudler Ltd. is trading above its 50 day SMA of 1061.1

GMM Pfaudler Ltd.

25 May 2018

1104.20

-1.36%

Result Update:GMM Pfaudler

Buy: GMM Pfaudler Ltd.

Target

Axis Direct

GMM Pfaudler Ltd (GMM) in 4QFY18 posted revenues of Rs 88 Cr. (up 11% Y-o-Y, up 11% Q-o-Q) due to stellar growth in Glass Line Equipments (GLE)segment. It posted PAT of Rs 8.4 Cr (up 14% Y-o-Y, up 14% Q-o-Q) due to increased contribution of high margin GLE business as well as increase in exports.

GMM Pfaudler Ltd. is trading below its 100 day SMA of 1120.4

GMM Pfaudler Ltd.

18 May 2018

1104.20

-1.36%

BP Equities GMM Pfaudler Ltd Q4FY18 Result Update

Sell: GMM Pfaudler Ltd.

BP Wealth

GMM's GL sales volume in FY17 was ~1400 vessels with capacity utilization of 75%. GMM is undertaken a debottlenecking exercise and aims to achieve 2,100 GL capacity volume in FY19. During Q4FY18 capacity utilization level was at 80% level given the strong order book (8 months), for full year FY18 GL volume stood at 1500 vessels (80% utilization), Management targeting to achieve 1800 vessels in by the end of FY19 (20% volume growth from FY18). The Company's GL business grew at 10% CAGR during FY14-17. We estimate the same growth to continue going forward on the back of >10% growth in end-user industries ( Pharma 10-12 %, Chemicals 12-14%; Most of the chemical players are in capacity expansion mode). Revenue contribution from pharmaceutical industry restricted to 30% during Q4FY18 compared to more than half of GL revenue due to the challenging environment in the sector and increased order from chemicals sector. Management expects in FY19, recovery in the pharmaceutical sector as capex cycle to get the better pace. Currently, The Company had 5 furnaces...

GMM Pfaudler Ltd. is trading below its 100 day SMA of 1120.4

GMM Pfaudler Ltd.

18 May 2018

1104.20

-1.36%

Result Updates

Accumulate: GMM Pfaudler Ltd.

Recommendation Target

Angel Broking

For Q4FY2018, GMM Pfaudler (GMM) posted a growth of 11%/14% yoy growth in revenue/ PAT amid ~300 bps margin expansion. The company is seeing good traction from its user industries like agrochemicals, which would drive 15-20% revenue growth in next two years. Outlook and Valuation: We have fine tuned our earnings estimates in view of FY201..

GMM Pfaudler Ltd. is trading above its 50 day SMA of 1061.1

Is GMM Pfaudler Ltd. worth buying?

625 Votes:

Buy 76.16%

Sell 11.84%

Hold 12.0%