Latest stock research reports with share price targets forecast, buy, hold, and sell recommendations along with upside. Search by company or broker name.
We recently met CFO of Escorts Ltd. (EL), which is the fourth-largest player in the tractor segment in India (after Mahindra & Mahindra Ltd, Tractors and Farm Equipment Ltd. and Interactional Tractors Limited) with a market share of 11%. The Farm Equipment (EFE) division which contributes 79% to the top line, offers a wide range of tractors - 10-75HP - primarily under the Farmtrac, Powertrac and Steeltrac brands. Construction and material handling equipment (15% of revenue) and railway equipment (6% of revenue) are other businesses that company operates....
The Central Electricity Regulatory Commission (CERC) floated draft regulations on tariffs for central power companies for the period FY20-FY24. The regulator has maintained the regulated RoE, along with a cushion for coal GCV deterioration, auguring well for regulated entities such as NTPC. The regulations are expected to be finalized by February 2019. The key...
We recently met CFO of Escorts Ltd. (EL), which is the fourth-largest player in the tractor segment in India (after Mahindra & Mahindra Ltd, Tractors and Farm Equipment Ltd. and Interactional Tractors Limited) with a market share of 11%. The Farm Equipment (EFE) division which contributes 79% to the top line, offers a wide range of tractors - 10-75HP - primarily under the Farmtrac, Powertrac and Steeltrac brands. Construction and material handling equipment (15% of revenue) and railway equipment (6% of revenue) are other businesses that company operates....
Mahanagar Gas Ltd (MGL) is one of the India's leading Natural Gas Distribution Companies. MGL is engaged in supplying natural gas in Mumbai and is presently the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, its adjoining areas and the Raigarh district in the state of Maharashtra. MGL is a joint venture between GAIL (India) Ltd and the BG Group, (U.K.) - both together held 65% (32.5% each) of equity (before the latest part stake sale by BG group). MGL plans to expand its gas distribution network in its current geographical areas (GA), i.e. Greater Mumbai (GA1) and surrounding regions (GA2) such as Mira-Bhayander, Thane (Urban) -Vashi-Belapur, Kharghar-Panvel-Taloja, Kalyan-Dombivali-Ambernath and Ulhasnagar....
Godrej Consumer Products Ltd (GCPL) declared its Q2FY19 results recently. Consolidated net sales grew by 5.8% YOY in Q2FY19 to `2642crs. India business recorded sales growth of 10% YOY in Q2FY19. International business sales grew by 6% YOY in Q2FY19, on a constant currency basis. Strong domestic market performance, focus strategy and new product launches...
Revenue from Operations grew by 12.5% Y-O-Y to `2855crs in Q2FY19. This was on the back of double-digit volume growth primarily due to investment in brands and widening distribution network and northern states. International business grew at healthy rate...
Varun Beverages Ltd. declared its Q3CY18 results recently. Net Revenues grew by 21% YoY to `1166crs. led by robust volume growth of 17.2%. EBITDA for Q3CY18 grew by 13.9% on a YOY basis to `211.3crs. Margins contracted by 110bps to 18.1%. PAT for Q3CY18...
Notably, ~5,000 CNG LCVs were added in FY18. Customers are likely to shift toward CNG-fitted engines due to a rise in the cost of diesel LCVs post BS-VI implementation. Government measures to curb pollution (e.g. diesel CVs now are restricted from entering Delhi) are providing added support. OEMs, too, are likely to roll out more CNG-fitted commercial transport vehicles, which bodes well for volume growth.
ICICI Securities Ltd | Retail Equity Research The Bombay High Court (HC) denied an interim stay to Kotak Mahindra Bank (KMB) with respect to its December 31 deadline to dilute its promoter holding. The ongoing debate is on using non-convertible perpetual noncumulative preference shares (PNCPS) as a means for dilution. According to RBI commentary now, PNCPS has no voting rights. The next hearing by the HC is scheduled on January 17, 2019 while the December 31, 2018 deadline to reduce the promoter's stake below 20% still stands. KMB had issued 100 crore non-convertible PNCPS of face value | 5 each...
Central Electricity Regulatory Commission's (CERC) draft power tariff regulations aim to promote efficiencies like reduction in regulated equity of conventional power sector in India, with the proposed return on equity higher-than-expected at 15.5%. However, some suggested changes may face implementation challenges like formation of operating & maintenance expense escalation being below long term inflation and tightening of working capital by way of reduction in receivable days despite payment delays from discoms....
