Research Reports published by ANAND RATHI

Amara Raja Batteries Ltd.    
06 Oct 2020
748.00
-2.02%
buy
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Amara Raja Batteries Ltd. is trading below all available SMAs
669.65
0.16%
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Sudarshan Chemical I.. has an average target of 610.40 from 6 brokers.
KEC International Ltd.    
23 Sep 2020
415.55
-0.34%
buy
Anand Rathi
stable working-capital cycle give us the required assurance of strong future execution and earnings. We roll over our estimates to FY23 and expect 12%/17% revenue/PAT growth y/y. We value KEC at 13x FY23e EPS, with...
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Number of FII/FPI investors increased from 199 to 214 in Mar 2021 qtr.
Deccan Cements Ltd.    
20 Aug 2020
546.40
-0.55%
buy
Anand Rathi
Good operating show; WHRS to aid savings; retaining a Buy Amid the tough business environment, Deccan Cements reported an enhanced operating performance, beating our estimates, aided by price hikes and cost savings, though the volume decline was in line with the industry. On the commencement of the 6MW WHRS, savings in fuel costs are expected to aid its operating performance. The GU expansion is currently on hold. We believe it strong net cash balance sheet and current short term profitability augurs well. We retain our Buy...
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Deccan Cements Ltd. has an average target of 556.00 from 3 brokers.
Mayur Uniquoters Ltd.    
18 Aug 2020, 12:00AM
489.25
0.28%
buy
Anand Rathi
plant and exports are behind (reasons for a de-rating over the last two years), at ~10x FY22e P/E, we believe in good scope for a re-rating given improving prospects. Its net-cash status and FCF generation ability even in the downturn are other positives. While the near-term outlook is challenging, we are positive...
BOB Capital Markets Ltd. increased Buy price target of Mayur Uniquoters Ltd. to 560.0 on 13 Jun, 2021.
Suven Pharmaceuticals Ltd.    
18 Aug 2020, 12:00AM
479.60
-0.80%
buy
Anand Rathi
Valuation. At the CMP of `652, the stock trades at 22.1x, 18.3x and 15.5x respective FY21e/22e/23e earnings. We retain our Buy recommendation, with a higher price target of `760 (earlier `695), based on 18x FY23e EPS. Risks:...
Number of FII/FPI investors increased from 113 to 121 in Mar 2021 qtr.
Greenply Industries Ltd.    
17 Aug 2020
207.20
-2.77%
buy
Anand Rathi
Gabon to recover faster. The Gabon operation was closed for only a week `in Apr'20 and is now ramping up well with face veneer supplies to Europe, the Mid-East, and India. Management expects a rise in face-veneer volumes in...
Greenply Industries Ltd. has gained 140.51% in the last 1 Year
The Ramco Cements Ltd.    
17 Aug 2020
1021.20
-1.27%
buy
Anand Rathi
expansion in the East and South, leading to its volumes growing 15% in FY22. Further, we expect net D/E to shrink to 0.4x in FY22 (from 0.6x in FY20) with delevering and greater profitability. We maintain a Buy rating, with a higher target price of `777 (earlier `748), based on 16x FY22e EV/...
The Ramco Cements Ltd. is trading above all available SMAs
Sanghi Industries Ltd.    
17 Aug 2020
54.95
-0.90%
buy
Anand Rathi
Outlook, Valuation. With ~98% of the Kutch expansion completed (3.3m tons for clinker, 2m tons for cement), management expects production to commence by Q3 FY21. The Surat GU expansion continues to be deferred. The company has applied for a moratorium on loan repayment. Clinker exports are expected to be poor in the near term. While demand in Maharashtra continues to be weak, pent-up demand and rural demand in Gujarat are expected to provide a boost. We expect volumes to dip 4% in FY21 and grow 39% in FY22 on greater demand and the Kutch GU...
Sanghi Industries Ltd. is trading above all available SMAs