IntraSoft Technologies Ltd. (ITL) is a multi-channel e-commerce retail platform, with a strong technology backbone that primarily serves the US market. The company sells its products from its own site www.123stores.com. It also has shop-in-shop partnerships with other leading retailers and sells its products on their market places. The company currently sells across 10 different market places including Amazon.com (US), Amazon Canada, eBay.com, Sears.com, New Egg, Rakuten (buy.com), Jet.com, Alibaba's 11main.com, Bestbuy.com and its own e-commerce site www.123stores.com....
Cochin Shipyard Limited (CSL) is the largest public sector shipyard in India in terms of dock capacity. They cater to clients engaged in the defense sector in India and clients engaged in the commercial sector...
We remain positive on the stock based on the long term demand outlook for the Indian paper industry. This is expected to keep the realizations of the PWP segment on an uptend in the industry. Though TNPL has experienced severe water shortage since March 2017 which affected the production of paper and packaging board and resulted in the shutdown of one of its paper plant, the company has resumed operation in the same plant from late July 2017 and has got back to the normal production of pulp, paper and packaging board. However, the impact of plant shutdown in PWP segment will likely result in lower production in Q1 as well. In the...
SIS has a diverse pool of business support services which include Book Running Lead security services, cash logistics services and facility management Manager services. The company generated 87% of business through security services and 8.5% from facility management by FY17. The company entered into Australia security business during 2008 and now it accounts for ~50 of the total security business. As on FY17, the company has 94,281 security guards in India and 5,587 in Australia, Registrar...
In line with the expectations, Indusind Bank Ltd. (IndusB) has reported a healthy set of numbers for Q1FY18 with NII growing by 30.8% on the back of strong growth in advances and NIM. During the quarter, advances increased by 24.3% YoY with the strong traction in retail and SME loans. NIM improved by 3 bps YoY to 4% due to the strong interest income and accretion of low cost deposits (CASA improved by 330 bps YoY to 37.8%). While advances book grew by 3% QoQ, risk weighted assets increased only by 1% showing the benefit of increasing focus on the better rated corporates. By Q1FY18, A & above rated...
Outlook: Over the FY13-17 period GVK revenue and EBITDA have grown at a CAGR of 7.8% and 15.7% respectively. The EBITDA margins of the company are consistently improving and stands at 32.9% during FY17. The aviation industry is expected to become the third largest market by 2020, and the passenger traffic is expected to increase to 421mn. In the Union Budget, the government has allotted a budget of about $14.98 million has been allocated to Airports Authority of India, of which $4.29 million has been attributed towards Pakyong, Sikkim project. The government has planned to allocate a sum of $11.80 million to Directorate General of Civil...
GMR Infrastructure Limited (GIL) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones. The Company operates through the segments, including Airports, Power, Roads, EPC and Others. Its Airports segment is engaged in the development and operation of airports. Its Power segment is engaged in generation of power and provision of related services and...
Bodal Chemicals Limited (Bodal) is engaged in the manufacture of basic chemicals, dye intermediates and dyestuff that are used across the textiles, leather and paper industry. The company is among world's largest manufacturer and exporter of dyes intermediate, dyestuff and sulphuric acid and has diversified into speciality chemicals. Bodal has built an integrated model of dye manufacturing and has the cost advantage due to complete integration. Bodal has an installed capacity of 190,000, 37,200 & 17,000 MT of basic chemicals, dye intermediates and dyestuff respectively. Bodal has presence not only in India but across the globe and serves...
South Indian Bank (SIB) reported strong numbers for Q1FY18 with NII growing significantly by 23.3% YoY and 4.9% QoQ driven by the low interest expenses which declined by (-)4.1% YoY. However, net profit of the bank grew by 6.7% YoY on the back of elevated provisioning against the NPA. NIM improved by 10...
CPI inflation eased to fresh series-low at 1.5% in Jun'17 on the back of sharp decline in food inflation. Improved outlook of agriculture sector has eased the concern of 0.0% food inflation. CFPI declined by (-)2.1% in June (-1.1% in May) due to decline in the prices of the pulses and vegetables. Inflation witnessed broad based decline in June as core inflation also reduced to...
