Research Reports published by IIFL HOLDINGS

JK Tyre & Industries Ltd.    
06 Jun 2017
IIFL Holdings
JK Tyre is the major beneficiary of the radialisation trend gaining pace in the truck and bus segment. Radials now account for 44% share as against a meagre 6% share in FY09. With an entry into the lucrative 2W space through the acquisition of Cavendish Industries Limited (CIL), JK Tyre has become a full-range tyre player. India business is expected to grow at a CAGR of 10% over FY17-19E driven by enhanced capacities & acquisition of CIL. D/E ratio is expected to decline from 2.5x in FY17 to 1.6x by FY19E owing to strong free cash flow generation to the tune of Rs1747cr over FY18-19E....
Number of FII/FPI investors decreased from 84 to 77 in Mar 2021 qtr
Endurance Technologies Ltd.    
05 Jun 2017
IIFL Holdings
Endurance Technologies Ltd (ENDU) is one of the largest 2W & 3W automotive component manufacturers in India (70% of overall revenue). Its India business is focused on aluminium die castings & proprietary products (suspension, transmission and braking systems). It also...
Endurance Technologies Ltd. has gained 33.83% in the last 6 Months
KNR Constructions Ltd.    
05 Jun 2017
IIFL Holdings
KNR Constructions Ltd (KNR) is a leading EPC player largely focusing on national and state highway projects. KNR has successfully executed ~6,000 lane km road projects across 12 states in India....
KNR Constructions Ltd. has gained 101.12% in the last 1 Year
PNC Infratech Ltd.    
31 May 2017
IIFL Holdings
PNC Infratech Ltd (PNC) is an Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines. Order book grew significantly by 72% YoY to Rs9,533cr (5.6x FY17...
Number of FII/FPI investors increased from 87 to 110 in Mar 2021 qtr.
Aarti Industries Ltd.    
29 May 2017
IIFL Holdings
AARTI Industries Ltd (ARTO) is a global leader in Benzene based derivative products. Has a diversified product portfolio with end users in pharma, agrochemicals, specialty polymers, paints & pigments. Q4FY17 Revenue grew by 20% YoY however PAT growth was limited to 7% YoY due to lower EBITDA margins. EBITDA margins declined by 140bps YoY to 18.3% due to higher rawmaterial cost. Going forward, management focus on high margin products, forward...
Aarti Industries Ltd. is trading above all available SMAs
Grasim Industries Ltd.    
29 May 2017
IIFL Holdings
Grasim is awaiting approvals from NCLT and stock exchanges for the proposed merger of Aditya Birla Nuvo into itself and is expected to be complete by Q2FY18. Grasim is on track in expanding its overall capacity through both brownfield and...
Grasim Industries Ltd. is trading above all available SMAs