L&T; Finance Holdings (LTFH), holding company for all finance-related activities of the L&T; Group, is one of the largest NBFCs in India with loan book standing at nearly Rs800 bn. It is promoted by infrastructure conglomerate Larsen & Toubro Ltd (64.01% stake as of Mar'18). Having ~1,100 point of presence (including 219 branches) across 23 states, the company operates in retail/wholesale lending as well as across 2W finance, tractor finance, infra finances, microfinance, home loans/LAP, builder finance and structured finance among other product lines. LTFH is now on a path of sustainable growth and profitability after successfully...
Mirza International Limited (MIL) is India's leading manufacturer and marketer of leather footwear and finished leather. With an established footprint that spans across 30 countries, as well as a rock solid infrastructure. Apart from supplying products to global retailers, It also has global in-house brands - Red Tape and Oaktrak - in its portfolio. Recently the company acquired brand Yezdi to increase its product offerings. It has also launched two new sub-brands of REDTAPE: Bond Street and Red tape Athleisure Sports range based on the years of experience as well as insight....
Greenply Industries Ltd ( GIL ) is an interior infrastructure company with a strong retail network of 48 branches across 300 cities in 21 states. The Company has over 12,000 dealers/ sub dealers/ distributors/ retailers. GIL accounts for 26% of the total organized plywood market in India and 30% market share in domestic Medium Density Fibreboard ( MDF )market. Company produces residential and commercial floor products like plywood and block boards, MDF and wood floors, veneers etc. It has currently 5 manufacturing plants in India, Gujarat, Andhra Pradesh, Uttar...
IntraSoft Technologies Ltd. (ITL) a multi-channel e-commerce retailer, reported a mixed set of numbers for Q4 FY18. Top-line stood at Rs. 2,844.5mn as against to our expectation of Rs. 2,655mn. The results disappointed on the operational...
Shoppers Stop Ltd. (SSL) a part of K Raheja Group, is a pioneer in modern retailing in India. The company along with its subsidiary Crossword Bookstores Ltd. operates around 170 stores (including 84 Shoppers Stop stores and 89 Crossword stores) with more than 4.35mn sq. ft. in 38 cities. SSL unending pursuit to benchmark themselves with the best in the world is...
We expect the future overseas profitability to improve with situation improving in turkey post general election also fading of GST related issue will drive the profitability in the domestic market. The Company would benefit by the recovering of the Indian enterprise and government IT spends ,further growing demand for apple products would aid the revenue growth in the coming period. The management expects healthy growth in warehousing and logistics segment in the coming period which urges well for the profitability. The roof top solar equipment business is expected to scale up on the back of removal of antidumping duty and contracts signed...
According to IDC, global IT spending is expected to rise to USD 4.8 trillion in FY19 , with US accounting for approximately USD 1.5 trillion of the market. As the US market is the major source of revenue for the company, we expect that the increased global IT spending will be positive for the company. Revenue from operations is estimated at Rs. 771.72bn and Rs. 841.92bn, respectively, in FY19 and FY20 as overseas revenues are expected to increase. PAT is estimated at Rs. 152.4bn and Rs. 165.8bn, respectively, in FY19 and FY20. Lower PAT in FY19 is on account of USD 233mn tax, which the company expects to pay over the...
Q4FY18 has been remained challenging for banking industry and Karnataka Bank Ltd. (KBL) is no exception as the RBI released strict norms during Feb'2018 in order to fasten the pace of NPAs recognition and resolution of stressed assets. KBL has recognized outstanding SDR exposure of Rs1.9bn and S4A exposure of Rs3.44 bn as NPAs in Q4FY18. Provisioning against NCLT a/c of worth Rs3.19 bn (already recognized as NPA) increased to Rs1.64 bn with PCR increased to 53% v/s ~27% in previous quarter. Furthermore, the bank recognized MTM losses on investment portfolio despite RBI's dispensation on spreading the losses across next four...
Greenply Industries Ltd ( GIL ) is an interior infrastructure company with a strong retail network of 48 branches across 300 cities in 21 states. The Company has over 12,000 dealers/ sub dealers/ distributors/ retailers. GIL accounts for 26% of the total organized plywood market in India and 30% market share in domestic Medium Density Fibreboard ( MDF )market. GIL produces residential and commercial floor products like plywood and block boards, MDF and wood floors, veneers etc....
Nile Ltd. (Nile) is engaged in the secondary manufacturing of pure lead and lead alloys. With its superior product, the company is able to attract quality conscious clients from industries like lead-acid manufacturers, PVC stabilizers etc. Its clientele includes Amara Raja Batteries, Exide, EnerSys Power, NED Energy Ltd.,...
