Kansai Nerolac Paints Limited (KNPL) is a paint company. The Company offers a range of products, including decorative, Automotive Coatings and Performance coatings. The Company has coating solutions across the Decorative, Wood Coatings, General Industrial, High Performance Coatings, Powder Coatings, Automotive and Auto Refinish market segments. The Company serves its customers through a network of approximately four manufacturing facilities located at Lote in Maharashtra, Bawal in Haryana, Jainpur in Uttar Pradesh and Hosur in Tamil Nadu and over hundred strategically located depots. The Company has a joint venture in Nepal with Kansai...
Suzlon Energy Ltd. (SEL) is the largest renewable company in India as well as the largest wind equipment manufacturer. It is market leader in India with global footprints across Asia, Australia, Europe, Africa, North and South America. The company has a capacity to manufacture 3.6GW WTG. SEL operates through three segments namely; sale of WTG (Wind Turbine Generators), foundry & forging and operations and maintenance services. SEL' services range from feasibility studies to manufacturing of wind turbine components and installation and commissioning of wind farms as well as long term operations and maintenance. The company has 15 manufacturing facilities spread...
Over the FY12-16 period Orbit Export's revenue, EBITDA and PAT have grown at a CAGR of 9.8%, 29.0% and 28.4% respectively. The EBITDA margins of the company is consistently improving and stands at 29.2% as of FY16. The company on February 16, 2017 approved the issue and allotment of 14.4 mn bonus equity shares in the ratio of 1:1 to the existing shareholders of the company. Orbit Exports is taking efforts to improve the quality and productivity to get more orders at competitive rates. The expansion program by improving efficiency by installation of new high tech machinery is expected to push volume growth. The company is committed to...
The Reserve Bank of India (RBI), in its first Bi-monthly Monetary Policy Statement' 201718, has kept the key policy rate unchanged at 6.25% as expected as the central bank had changed its stance from accommodative to neutral in the last policy meet. However it narrowed the LAF corridors and increased the reserve repo rate by 25 basis points (bps) to 6.0% in order to benefit the banks amidst the prevailing liquidity conditions in the economy. Easing fears of banks, cash reserve ratio (CRR) also left unchanged at 4%. Takeaways from Monetary Policy Committee (MPC) commentary: MPC's view on inflation: CPI inflation increased to 3.7% in February after moderating continuously over the last six month owing to the increase in food and fuel prices....
Shankara Building Products Ltd. (SBPL) is one of the leading organized retailers of home improvement and building products in India, operating under the trade name Shankara BuildPro. As on 31st Dec. 2016, it operated 103 Shankara BuildPro stores. The issue is a combination of fresh issue (Rs. 450mn) and offer for sale (Rs. 2,869.6 3,000). Net proceeds from the issue will be mainly...
The issue is a combination of fresh issue (Rs. 1,094.4mn) and offer for sale (Rs. 1295.1mn). Net proceeds from the issue will be mainly used for working capital requirement of the company and its subsidiaries, prepayment of outstanding debt of subsidiary and...
The issue is a combination of fresh issue (Rs. 1,094.4mn) and offer for sale (Rs. 1295.1mn). Net proceeds from the issue will be mainly used for working capital requirement of the company and its subsidiaries, prepayment of outstanding debt of subsidiary and...
Outlook: IIP growth in Jan'17 revived to 2.7% mainly on the back of 2.3% growth in manufacturing sector. However, only 9 industries out of 22 showed positive growth indicating prevailing sluggish growth in the industrial sector. Improvement in manufacturing PMI to 50.7 in Feb'17 v/s 50.4 in Jan'17, growth in auto sales number for Feb'17 compared to previous month and strong traction in mining sectors indicates that IIP growth to improve in near term. CPI inflation rose to 7-month high level due to the firming up of food prices mainly fruits and unwinding of favorable base effect. Given the moderation in crude oil prices and strengthen of rupee v/s USD, fuel prices are not likely...
The US Federal Reserve hiked its interest rates by 25 basis points (bps) to 1 percent in its meeting held on 14th-15th Mar'17. The central bank chose to hike its interest rates for the second time in three months. Looking at the current scenario, the US Federal Reserve stated that economic growth of the country is quiet favorable along with optimistic employment scenario. Nonfarm payrolls climbed to 181,000 jobs on average during 2016, the most recent report showed gains to 200,000 in Feb'17 along with a drop in unemployment rate to 4.7 percent during the same period,...
