Research Reports published by JM FINANCIAL

Name: Latest research reports of Inox India Ltd. authored by JM Financial and published by - Trendlyne research reports.
Item: Inox India Ltd.
Rating: 5
Author: JM Financial

Latest research reports published by JM Financial

Inox India Ltd.

03 Apr 2025

1191.95

0.75%

A strong legacy with some interesting prospects; initiate with BUY

Buy: Inox India Ltd.

JM Financial

INOX is India’s largest manufacturer of cryogenic equipment with 30+ years of experience in cryogenic equipment and systems. It operates in three business divisions – Industrial Gas, LNG, and Cryo Scientific Division (CSD).

Inox India Ltd. is trading above all available SMAs

JSW Infrastructure Ltd.

11 Dec 2024

287.60

-0.24%

An ‘integrated ports and logistics player’ in the making

Buy: JSW Infrastructure Ltd.

JM Financial

JSW Infrastructure (JSWIL), India’s second largest private port player, is well positioned to capture the opportunities arising from the government of India’s (GoI) thrust on infrastructure spending and privatisation of port terminals.

JSW Infrastructure Ltd. is trading below its 30 day SMA of 294.5

ASK Automotive Ltd.

15 Apr 2024

439.30

0.30%

No Brakes on growth; Play on EV light-weighting Opportunity

Buy: ASK Automotive Ltd.

JM Financial

Over the years, ASK has successfully demonstrated its technical, designing, and engineering capabilities to develop new and customised solutions with an astute focus on QCD. This is a testament to the fact that all the leading 2W OEMs in India are its longstanding customers.

ASK Automotive Ltd. is trading above all available SMAs

Dalmia Bharat Ltd.

30 Oct 2021

2143.00

1.71%

Cost measures save the day; Expansion projects on track

Buy: Dalmia Bharat Ltd.

JM Financial

Dalmia Bharat (Dalmia) reported inline EBITDA, as sharper than expected drop in realisations was offset by cost control measures. Volumes reported marginal growth of 4% QoQ (+6% YoY), as the core markets were impacted by heavy monsoons. Cement realisations declined by 7% QoQ (+2.5% YoY; -2% vs. JMFe), owing to sharp drop in prices in East/South.

Dalmia Bharat Ltd. has an average target of 2107.88 from 8 brokers.

Mahindra & Mahindra Ltd.

24 Oct 2018, 12:00AM

3012.70

0.21%

Kotak Mahindra

Buy: Mahindra & Mahindra Ltd.

JM Financial

MMFS recorded a strong performance with PAT of INR 3.8bn (up 133% YoY) on IndAS basis. Comparable IGAAP PAT for 2QFY19 is INR 3.9bn vs. INR0.8bn in 2QFY18, a 5x YoY growth. Other key highlights are: i) acceleration in disbursement growth (44% YoY); this led to AUM growth improving to 26% YoY from 8% last year. ii) GNPA ratio reduced 410bps YoY to 9% while coverage ratio stable YoY at 35%. iii) Management is confident of achieving 3% RoA driven by improvement in credit cost and operational efficiency. In the current situation, we believe strong promoter backed NBFCs will get disproportionate share of funding going forward. Moreover, competition from new, small and PE backed NBFCs will come down...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Asian Paints Ltd.

24 Oct 2018, 12:00AM

2315.50

0.71%

Asian Paints

Buy: Asian Paints Ltd.

JM Financial

We move Asian Paints to BUY from HOLD as we now find valuation to be in a reasonable zone after two years of near-zero return. The stock price has swung from its 52-week high of INR1,467 on the day of its 1QFY19 result to near-52-week low level post a 5% fall today in possibly a reaction to a weak 2QFY19 earnings report, due in part to some once-off factors that impacted the quarter's profitability. We are quite confident, though, that margin performance going forward will be much better vs 2QFY19's, given elements of constraint (deferral of price-hike to avoid attracting anti-profiteering provisions) and once-off rebating (on transition stocks at the time of GST rate cut) present in the latter - issues that are unlikely...

KRChoksey downgraded Asian Paints Ltd. to Sell with a price target of 2102.0 on 12 May, 2025.

Kotak Mahindra Bank Ltd.

24 Oct 2018, 12:00AM

2100.80

1.69%

Kotak Mahindra

Buy: Kotak Mahindra Bank Ltd.

Target

JM Financial

Kotak Bank reported a steady operational quarter in 2QFY19 with PPoP for the standalone bank up 21.5% YoY. However, provisions remained slightly elevated in 2QFY19 as the bank continued to shore up its PCR (up 200bps sequentially to 63%), as well as due to elevated MTM provisions on the investments book. As a result, standalone PAT growth was moderate (+15% YoY), although growth in consol. PAT was healthy at 21%. We believe that the reduction in margin for KMB (down 10bps QoQ to 4.2%), could well be transient, as the loan book (predominantly linked to 6-m MCLR) gets re-priced. Management indicated that the outlook for risk-adjusted margins for KMB seems to be positive, driven by a reduction in...

Number of FII/FPI investors increased from 1330 to 1463 in Mar 2025 qtr.

TTK Prestige Ltd.

24 Oct 2018, 12:00AM

678.75

-1.50%

TTK Prestige

Buy: TTK Prestige Ltd.

JM Financial

TTK Prestige (TTK) reported another steady quarter with revenue/EBITDA/adj. net income growth of 7%/6%/10% YoY despite a) Kerala floods (INR 150mn impact on sales) and b) high base (GST restocking). The company hopes to sustain the current growth momentum with a 14% EBITDA margin trajectory on the back of distribution expansion (deeper rural penetration) and product expansion (cleaning solutions, water purifiers, etc.). We appreciate the improved growth momentum (especially cookers led by the Ujjwala scheme); the recent correction in the stock provides an attractive price point for entry/addition, in our view. We introduce FY21 forecasts and roll forward with an SOTP-based Sep'19 TP of INR 7100 and...

TTK Prestige Ltd. has an average target of 901.00 from 2 brokers.

Wipro Ltd.

24 Oct 2018, 12:00AM

247.36

0.58%

Wipro

Hold: Wipro Ltd.

Target

JM Financial

Wipro (WPRO) reported 2QFY19 that was a tad above expectations; the 0-2% QoQ USD revenue growth guidance (JMFe, adjusted for incremental revenues in the USD 1.5bn/10-years Alight Solutions deal) was on expected lines. Organic digital revenues grew 11% QoQ (30% YoY), on our estimates; management indicated a strong demand for cloud migration services. However, the presence of multiple moving parts divestment of data center business, Alight acquisition and the planned carving out of domestic public sector business lower the visibility of the internal construct. Further, the outlook for Healthcare vertical (13% of revenues) remains uncertain. Thus, we stay neutral. That said, we believe the stock's modest...

Number of FII/FPI investors increased from 932 to 1017 in Mar 2025 qtr.