KPIT Technologies (KPIT) is a global leader in providing embedded technologies for automotive segment. Besides this the company provides comprehensive solutions that span the entire manufacturing spectrum right from enterprise resource planning to customer relationship management and support. With a strong workforce of more than 9200 employees the company has operations across the globe and has filed for over 50 patents in the automotive domain. It also provides customized SAP & Oracle solutions to energy & utilities companies. KPIT is arguably the world's largest independent provider of embedded technology for the automotive industry and currently its codes are present in 90% of the...
India is the 5th largest electricity generation and consumption country in the world. As per the U.S. Energy Information Administration, India accounts for around 4.6% of the world's electricity generation capacity and 3.9% of the world electricity consumption as of 2011. Power is considered to be a one of the core industry as it facilitates development across various sectors of the Indian economy. The per capita electricity consumption in India has witnessed a CAGR of 5.5% over FY06-13. The demand for the electricity has always outpaced the supply resulting in an average energy deficit of around 9% over the past 10 years. We believe this is mainly after rising per capita consumption and under achievement of the...
We initiate coverage on the Housing Finance Companies (HFC's) as we believe that the government's strong policy initiatives like Housing for All by 2022, lays emphasis on affordable housing and its plans to develop 100 smart cities is likely to generate huge demand for houses going forward. Further favorable industry dynamics like lower mortgage penetration, shortage of urban and rural housing along with rising affordability is likely to drive the housing demand. We also expect RBI to soften the interest rate by upto 100-150 bps over the next 12 to 18 months, resulting in lower EMI for the borrowers. We believe HFC's are well placed compared to banks to fund this...
PPAP Automotive Ltd. (PPAP) is the market leader in the Indian automobile sealing systems space and is the principal manufacturer of Specialized Profiles and Extruded Products in India, supplying to all the major Original Equipments Manufacturers (OEM's). It is the single biggest supplier of automobile sealing systems to Maruti Suzuki India Limited, Honda Cars India Limited, General Motors India Private Limited, Toyota Kirloskar Motor Private Limited, Renault Nissan Automotive India Private Limited, Tata Motors Limited, Ford India Private Limited and Mahindra and Mahindra Limited. It also manufactures Interior and Exterior Injection Molded Products for the OEMs. It has a technical collaboration with Tokai Kogyo...
IMPAL is promoted by The TVS Group which is India's leading supplier of automotive components and one of the country's most respected business groups. With a combined turnover of more than over $6.5 bln, the TVS Group employs a total workforce of close to over 39,000 employees. Charting a steady growth path of expansion and diversification, it currently comprises around over 50 companies. These operate in diverse fields that range from two-wheeler and automotive component manufacturing to automotive dealerships, finance and electronics. Uniting these multiple...
Kitex Garments Ltd (KGL) together with its sister concern Kitex Children Ltd. (KCL), a part of the Kerala based Kitex Group, is the world's third largest exporter of infant wear (0-2 yrs old). The group boasts of a state-of-the-art manufacturing facilities totaling 110,000 sq.mts, spread over 60 acres of land near Kochi. The group has launched a spirited expansion plan, with the fabrics capacity has already doubled and the Garments capacity to be doubled over the next couple of years. This should see them emerge as the world's leading infants wear maker. With some of the world's best brands such as Toys r' Us, Gerber and Jockey in their client list, KGL is now focusing on deepening the relationship with key large clients to...
More than a century old and Asia's first integrated private sector steel company, the Tata Steel Group is among the top-ten global steel companies with a crude steel capacity of nearly 30 mtpa. It is the world's second-most geographically-diversified steel producer with operations in 26 countries and commercial presence in over 50 countries. Tata Steel's larger production facilities include those in India, the UK, the Netherlands, Thailand, Singapore, China and Australia. The slowdown in China as reflected in their macroeconomic data has sent the global iron ore and coking coal prices spiraling down. This has significantly lowered the input costs of steel producers worldwide. While iron ore fines have fallen 28.6%...
Repco reported steady growth for Q1FY15 with NII increasing by 25% yoy to Rs 530mln. Loan book grew at a robust 31% yoy to Rs 48.9 bln driven by 35% and 24% yoy growth in sanctions and disbursements respectively. NIMs declined 30bps yoy to 4.4% on account of interest reversals on higher slippages and higher funding costs. Share of LAP loans increased further to 19.2% from 18.7% in previous quarter. PAT grew by modest 11.2% yoy to Rs 248 mln due to Rs 32mln charged on account of DTL on Special Reserve as per NHB circular. Excluding this impact PAT growth was 25.6% yoy. Asset quality worsened due to...
