South Indian Bank (SIB) Q3FY18 result was in line with our expectations with strong performance on business as well as financial fronts. While the growth in NII and PAT improved significantly, advances of the bank rose by ~17% on the back of bank's renewed focus on retail and SME sectors. Quality of earning improved with GNPA reducing by 17 bps to 3.4% in Q3FY18 (3.6% in Q2FY18) and stressed assets watch list...
Valuation: On the valuation front, at CMP Rs. 192.7, the company is trading at a TTM P/E multiple of 83.5x as compared to the peer average of 49.6x, whereas the TTM EV/EBITDA multiple is 73.9x as compared to the peer average of 37.0x. After considering all these factors and high probability of strong growth in the future we...
In terms of volume, Amber Enterprises India Ltd. (Amber) is a market leader in the room air conditioner (RAC) original equipment manufacturer (OEM) / original design manufacturer (ODM) industry in India with a market share of 55.4% in FY17. The issue is a combination of fresh and OFS. Majority of the net proceeds from the fresh issue (around Rs. 4,000mn) will be utilized to...
IIP grows by 25-month high at 8.4% in November : Indian industrial production measured by the Index of Industrial Production (IIP) rose to 25-month high at 8.4% in the month of Nov v/s 2.2% in the previous month. The latest reported growth was much higher than market expectation of 4.4% mainly driven by strong growth in the manufacturing sector. As earlier indicated by high frequency indicators, manufacturing sector, which accounts for 77.6% of the index, during the month under review showed strong performance with double digit growth at 10.2% v/s 2.2% in Oct. 15 out of the 23 industry groups in the...
Swelect Energy Systems Limited is engaged in the business of manufacturing and trading of solar power projects, solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of solar photovoltaic inverters and energy efficient lighting systems. The Company has three segments: Contract manufacturing-UPS Systems, Solar Energy Systems/Services and Others. Its products portfolio includes Solar PV modules, Solar Charge Controllers, Solar Inverters, Solar On Grid Inverters, Grid Interactive Inverter Systems, Roof Top and Utility Scale Projects, Module...
Newgen Software Technologies Ltd. (NSTL), headquarter in Noida, is a software product company providing a platform that Recommendation enables organisations to rapidly develop powerful applications and...
In addition having state-of-the-art Electron Beam Welding machines, VIM furnaces, CNC Machining Centers and Ag plating plant all under one roof, is an added competitive edge. This helps in faster development and supply of...
Apollo Micro Systems Ltd. (AMSL) is engaged into the design & development of high-performance, custom built ruggedized electronics & electro-mechanical systems for mission and time critical...
Goodricke Group Ltd (GGL) grows, cultivates, manufactures, treats, blends, processes, buys, sells and deals in tea in various forms. It is a Leading Darjeeling tea producer. The Group owns 30 gardens and 27 tea factories spread over Darjeeling, Dooars, Assam and Cachar. The major Darjeeling brands include Goodricke Castleton, Roasted and Margaret's Hope, while the Black (CTC) tea includes Goodricke Khaass, Goodricke Zabardast...
Jagran Prakashan Limited is a media and communications company with interests in print, digital, radio, out-of-home (OOH) and activation. The Company is engaged in the business of printing and publication of newspapers and periodicals, business of radio broadcast and all other related activities through its radio channels operating under brand name Radio City 91.1 frequency modulation (FM) in India. It is also engaged in the business of providing event management services and outdoor activities. The Company publishes approximately 12 print titles in over five different...
