Background: Asian Paints is the largest paint company in India with a market share of 50% within organised players and ranks among the top 10 decorative coating companies globally. It operates in 17 countries with 24 manufacturing facilities. Further, through subsidiaries - Berger International Limited, Apco Coatings, SCIB Paints and Taubmans it is also present in the international markets. Domestic operations however account for a predominant share of its profits. Asian Paints has ~28,000 dealers...
Background: Mindtree is mid-cap IT Company with FY16 revenues of INR 46.9bn. In 3QFY17: Revenue share by Geography mix: North America (68.7%), Europe (20.8%), India (3.1%) and ROW (7.4%). Revenue share by service mix: Application development & maintenance (39.9%), IMS (20.3%), Testing (12.6%), Consulting, package Implementation & IP led (17.7%) and Engineering services (9.5%). Revenue share by Vertical mix: BFSI (24.1%), retail CPG & Manufacturing (24.1%), Transport & Hospitality (15.1%), technology Media & Entertainment (36.7%). The company has 16,099 employees spread across 27 offices to cater to 348 clients, which includes...
Deposits grew (15.9%YoY, 4%QoQ) to INR 277.5bn in 3QFY17 supported by growth of CASA by 49.8%YoY due to the impact of demonetization. The current CASA ratio stands at 21.4% as against 17.3% at 2QFY17. Credit to Deposit ratio currently stands at 71% as...
KPIT Technologies is leading product engineering and IT consulting partner with FY16 revenue of INR 32.2bn. In 3QFY17 revenue share amongst verticals: automotive & transportation (39.29%), manufacturing (37.2%) & Energy & Utilities (14.07%) and others (9.44%). It operates in five main business segments: Integrated Enterprise Solutions (29.55%), Product Engineering Services (31.8%), Product and Platform (3.89%), SAP (23.4%) and Digital Transformation (11.37%). KPIT derives 12.64% of its revenue from Cummins, which is the largest client. The company has 11,881 employees spread across more than 10 countries to cater services to...
YES Bank's advances continued to show robust growth (38%YoY) in 3QFY17 to INR 1171bn. Growth in advances was supported by strong growth in Corporate & Institutional Banking (42%YoY), while growth in retail banking was noted at (32%YoY) largely led by a growth in...
Asset quality deteriorated with GNPAs increased sharply to 5.22% of advances (105bps QoQ) while NNPA increased to 1.43% of advances (16bps QoQ) driven by slippages of INR 25.8bn from the watch list which constitutes 70% of the total corporate credit slippage. Up-gradations and recoveries were noted at INR 3.5bn and write-offs at INR 1.22bn. The Bank's net restructured book stands at INR 61bn. During 3QFY17, the bank implemented SDR on two...
HIL is one of India's largest & fastest growing electrical and power distribution equipment manufacturers with products ranging from industrial & domestic circuit protection switchgear, cables & wires, motors, fans, power capacitors, CFL lamps, luminaries for domestic, commercial & industrial applications, modular switches, water heaters and domestic appliances covering the entire gamut of household electrical needs along with industry lights and cables. Havells owns some of the prestigious...
Background: NIIT Technologies a leading global IT solutions organization. In 3QFY17: Revenue share by service mix: Application Development & Maintenance (67%), System integration & Package implementation (4%), Managed service (17%), IP assets (7%) & BPO (5%) segments. Vertical mix: BFSI (42%), Transportation (32%), Manufacturing, Med & others (26%). Geography mix: America (48%), EMEA (34%), and ROW (18%). Company has total headcount of...
Management highlighted that it is comfortable at the current portfolio mix and going forward it intends to concentrate more on the core mortgage business. LICHF continues to reduce its bank borrowing which carries a high interest cost. Currently, bank borrowing constitutes only 9.2% of total borrowings vs. 32% in FY12. The benefit of low cost borrowings and increasing share of high-yielding LAP portfolio is reflected in NIM...
Dewan Housing Finance Corporation (DHFL) promoted by the Wadhwan group, commenced operations in 1984. DHFL with a total AUM of INR 783bn is the 3rd largest housing finance company with a market share of nearly~ 4% and operates through a network spread across in 353 locations. It is the only Housing Finance Company with focus on LMI customer segment. Distribution footprint is primarily spread across Tier II / III cities and outside the municipal limits of...
