largest producer of hybrid cotton seeds in India with a market share of ~17%. Kaveri Seeds has access to 60,000 acres under seed production, with farms in Karnataka, Andhra Pradesh and across the country. In the last five years (FY10-15), company's revenue and PAT have grown at a CAGR of 48% and 59.6% respectively. The company has a pan-India presence with a strong distribution network of ~15,000 distributors (direct & in-direct) and retailers across 15 key states in India (up from 11,000 - 4 years ago). Kaveri has 26 warehouses at strategic location with a combined storage space of ~500,000 sqft. The company has...
company has domain expertise in Application Management Services (76.2%), Infrastructure Management Services 23.8%).The Company's business is primarily classified into Manufacturing (51.8%), Retail & Consumer services (25.2%), BFSI (19.4%), and Emerging (3.6%). The company's business is spread across USA (74.4%), Europe (12%) and Row (13.6%). It receives 67% of revenues from onsite and 33% of revenues from offshore. Fixed price contracts revenue share is...
TTKPT broadly operates under 3 major segments - Pressure Cooker & Pans, Non-stick Cookware and Kitchen Electric Appliances. TTKPT enjoys high brand recall and they spend ~7.2% of their annual sales for brand building and promotional activity, which enables them to dominate most of the segments in which they operate. TTKPT has a market share of ~60% in the outer-lid pressure cooker, ~15% in inner-lid pressure cooker within the organised market and in Induction cook-top space they enjoy a market share of about ~25%. 80% of sales are from products introduced in the last 3 years. TTKPT has network of 30,000 dealers in India. They...
Background: Ashok Leyland (established 1948) is one of the leading commercial vehicle (CV) manufacturers in India. Part of the Hinduja group, the company operates out of seven manufacturing plants located in South India and one in Pant Nagar, Uttarakhand. The company's product range comprises of heavy/medium trucks and buses. The company has presence in 37 countries. Its volume composition: Ashok Leyland has more than 1,462 networks for sales as of FY16. ALL has many JVs: Nissan for LCVs, John-Deere for Construction Equipment, Irizar TVS for coach building, Alteams for High Pressure Aluminium die-castings, Continental for...
Background: Emami is a FMCG company with niche focus on relatively under penetrated segments such as antiseptic cream, fairness cream, talcum powder, cooling oil, pain balm and pain reliever. Emami's power brands such as Navratna Oil, Boroplus Cream, Zandu & MenthoPlus Balm, Fair & Handsome, Boroplus Powder, Navratna Cool Talc, Fast Relief, SonaChandi & Zandu accounts for 75% of company's sales. Emami sales and PAT have grown at a CAGR of 18.4% and 23.2% respectively (FY08-13). Geographical breakup of sales: North (29%), West (27%), South (23%) and East (21%). Export contributes ~10.4% of total revenue. Company...
Background: Geojit BNP Paribas is a leading retail financial services company in India with a growing presence in the Middle East. The company r ides on its rich experience in the capital market to offer its clients a wide portfolio of savings and investment solutions. The needs of over 851,000 clients are met via multichannel services - a countrywide network of over 511 offices, phone service, dedicated Customer Care Centre and the Internet. The company also has a strategic presence in the Middle East region in the form of joint ventures and partnerships. Currently the firm has a presence in almost all the major states of...
HDFC, incorporated in 1977, is the largest mortgage financier in India with a balance sheet size of INR 4.3tn. HDFC has grown consistently, at a measured pace, without compromising on asset quality and is one of the best managed companies in India. The Individual loans share in core business lending is at 73%. Besides mortgage financing, the company has, through its various subsidiaries, successfully ventured into other businesses including Banking (HDFC Bank), Life and Non-life insurance (HDFC Standard Life and HDFC Ergo), Asset Management (HDFC Mutual Fund) and Call center (Intelenet). HDFC has consistently maintained one of...
Asset Quality showed improvement with GNPAs decreasing by 47bps QoQ at 4.49% and NNPAs decreased by 57bps QoQ at 0.57% after considering the dispensation provided by RBI as the company continues to recognize NPLs on a 150-dpd basis. GNPA would stand increased at 5.4% had the relaxation given RBI was not taken in to account. As of 3QFY17,...
Background: ICICI Bank is one of India's largest banks with advances of INR 4.54tn. Network: Branches 4504, ATMs 14,146, presence in 19 countries. Focus is on retail lending representing ~48.9% of total loans while International and retail are the new growth drivers. The bank holds near market leadership in almost all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture...
Background: Bajaj Finance, a subsidiary of Bajaj Finserv is a leading NBFC with INR 576bn Assets under Management. The AUM is diversified with 2-3 Consumer Finance 46.9%, SME business 36.6%, Commercial-12.1% & Rural- 4.5%. Asset Quality is strong with Gross NPA - 1.47% & Net NPA - 0.39% with Prov Coverage at 74%. On liabilities, Banks, Money market and retail deposits for 37%, 54% & 9% respectively. Return ratios are very healthy in 3QFY17 with ROA at 1.1% & ROE at...
