Capital Limited, DSP Merrill Lynch Limited, HSBC Securities and Capital Markets (India) Private Limited, Nomura Financial Advisory and Securities...
Latest broker research reports from Systematix Group buy, sell, hold, neutral recommendations along with target prices forecast and upside.
|Summary||Date||Stock||Broker||LTP||Target||Price at reco|
Change since reco(%)
|2020-02-27||SBI Cards and Paymen.. +||Systematix Group||1058.45||IPO Subscribe|
|2019-12-18||IPO +||Systematix Group||IPO Note|
Offer for Sale: Company will not receive any proceeds from the Offer for Sale and all the proceeds will go to the Selling Shareholders. Business Overview: - Prince pipe is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors (Source: CRISIL Research Report). They market their products under two brand names: Prince Piping Systems; and Trubore. Due to their comprehensive product range, they are positioned as an end-to end polymer piping systems solution provider. They have more...
|2019-12-02||Ujjivan Small Financ.. +||Systematix Group||35.80||IPO Note|
As of Sept 30, 2019, they had a network of 441 ATMs (including nine ACRs), two 24/7 phone banking units based in Bengaluru and Pune that service customers in 11 languages, and a mobile banking application that is accessible in five languages as well as internet banking facility for individual and corporate customers. Their Gross Advances (including securitization/ IBPC) have grown from 6383.9 Cr as of FY17 to 12863.6 Cr as of H1FY20. Their deposits have increased from 2, 06.4 Cr as of FY17 to 10129.8 Cr as of H1FY20. PAT was at 6.8 in FY18 to 187.1 Cr in H1FY20.Their long term bank facilities have been rated CARE A+;...
|2019-11-22||CSB Bank Ltd. +||Systematix Group||259.85||IPO Note|
Offer for Sale: Company will not receive any proceeds from the Offer for Sale and all the proceeds will go to the Selling Shareholders. Business Overview: Incorporated on November 26, 1920 CSB Bank Limited (CSB) is one of the oldest private sector banks in India with a history of over 98 years, transforming to a new age private bank backed by a new marquee investor Fairfax India through FIH Mauritius Investments Ltd (FIHM). It offers a wide range of products and services to their overall customer base of 1.3 million as on Q2FY20. With particular focus on SME,...
|2019-09-27||Indian Railway Cater.. +||Systematix Group||1940.85||IPO Note|
They are the only entity authorized by Indian Railways to offer railway tickets online through their website www.irctc.co.in and mobile application, "Rail Connect". Between Total Issue as % of total capital (Post12.6%...
|2017-10-23||Nippon Life India As.. +||Systematix Group||352.85||IPO Note|
Leading Asset Management Company with Strong Credentials to Drive Growth: Fresh Issue ( @ Higher Band) (Rs. Cr.) 616.90 They have a diversified investor base, and as of Q1FY18, They manage assets for 7.01 Offer for Sale ( @ Higher Band) (Rs. Cr.) 925.30 mn investor folios, which comprised 6.72 mn retail folios. As of Q1FY18, the MAAUM of retail investors managed by them was the second largest (with a total market share of Pre Issue Equity Capital (Rs.Cr.) 587.52 13.6%) among asset management companies in India, according to ICRA..They believe...
|2017-10-10||General Insurance Co.. +||Systematix Group||196.75||Pre-Bonus/|
53.75 fair value of Rs.73,902.56 cr. The yields (without unrealized gains) from the Indian Post Issue Equity Capital (Rs. Cr.) 438.60 investment assets in FY17, FY16 and FY15 were 12.35%, 12.91% and 14.08%, respectively. As of June 30, 2017, the investment income and yields (without unrealized Total Issue as % of total capital...
|2017-10-10||Mas Financial Servic.. +||Systematix Group||903.20||IPO Note|
Proceeds will go to the Selling Shareholders. Business Overview: MAS Financial Services Ltd (MAS) is a NBFC with more than two decades of business operations. As of June 30, 2017, they operated across 6 States and the NCT of Delhi. The Company's business and financing products are primarily focused on middle and low income customer segments, and include five principal categories: (i) micro-enterprise loans; (ii) SME loans; (iii) two-wheeler loans; (iv) Commercial Vehicle loans (which include...
|2017-10-10||Indian Energy Exchan.. +||Systematix Group||306.40||IPO Note|
Their participants registered to trade electricity contracts are located across 29 states and 5 union territories of India and include 50 distribution companies, over 400 electricity generators and over 3,900 open access consumers. In FY17, such participants traded...
|2017-09-29||Godrej Agrovet Ltd. +||Systematix Group||497.90||IPO Note|
equity interest in Creamline Dairy, which currently sells milk and milk based products under the Jersey' brand. In October 2015, GAVL acquired equity interest in Astec LifeSciences and currently own 55.7% stake. Astec LifeSciences manufactures...
|2017-09-22||Prataap Snacks Ltd. +||Systematix Group||661.80||IPO Note|
Namkeen represented 62.99%, 23.85%, and 12.23%, respectively, of their total revenue. They have set up a pan-India distribution network supported by strategically located manufacturing facilities. As of Q1FY18, their distribution network included 218 super...
|2017-09-12||ICICI Lombard Genera.. +||Systematix Group||1495.55||IPO Note|
18.0% among private-sector non-life insurers in India. It has presence in 618 districts of 716 pan India through its wide distribution network. In FY17, 87.5% of new policies were initiated on digital platform. While number of policies grew at a cumulative annual growth rate of 13.1% between FY15 and FY17. As of June 17, ICICILOM had 164.46 bn in total investment assets, with an investment leverage, net of borrowings of 4.07x. ICICILOM annualized total portfolio return (including unrealized gains) for FY17 was 13.0%. ICICILOM have a strong capital position with a solvency ratio of 2.13x as of...
|2017-07-31||Cochin Shipyard Ltd. +||Systematix Group||394.15||IPO Note|
Business Overview: Cochin Shipyard Limited (CSL) is the largest public sector shipyard in India in terms of dock capacity, as of March 2015, according to the CRISIL Report. It caters to clients engaged in the defence sector in India and clients engaged in the commercial sector worldwide. In addition to shipbuilding and ship repair, it also offers marine engineering training. As of January 2017, it has two docks dock number one for ship repair and second for shipbuilding. Its Ship Repair Dock is one of the largest in India and enables it to accommodate...
|2017-06-23||Au Small Finance Ban.. +||Systematix Group||1260.70||IPO Subscribe|
Customer Centric Organizational Commitment: AUSFBL is a customer centric organization and serviced 280,349 active loan accounts as of March 31, 2017. They have developed strong relationships with their customers through in-person contact by addressing their financial needs, bank knowledge of the local markets and the widespread network of branches. Interactions with the customers are primarily undertaken by AUSFBL employees. As part of customer-centric approach, they have undertaken the following steps like hire local personnel, establish relationship with vehicle manufacturers and dealers, set up call centers and conduct referral and other programs....
|2017-06-16||Eris Lifesciences Ltd. +||Systematix Group||574.55||IPO Note|
Focus on branded prescription based pharmaceutical products catering to lifestyle related disorders: Eris has Develop, Manufacture and Commercialize branded prescription based pharmaceuticals products in select chronic and acute therapeutic areas, like Cardiovascular, Anti-Diabetics, Vitamins, Gastroenterology, Anti-Infectives, & Gynaecology. In FY17, they generated 65.6% of their revenues from the chronic category of the IPM. The chronic category accounted for 34.3% of the IPM in FY17 compared to 31.4% of the IPM in FY13, representing growth at a CAGR of 14.3%. They have identified, developed and are marketing products in the acute category, which are connected to...
|2017-06-16||Central Depository S.. +||Systematix Group||599.90||IPO Note|
Object of the Issue: Offer for Sale: To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of up to 35,167,208 Equity Shares by the Selling Shareholders. Business Overview: Central Depository Services (India) Ltd (CDSL) is the Leading Securities Depository in India by incremental growth of Beneficial Owner (BO) accounts over the last 3 Fiscals and by the total number of registered Depository Participants (DPs), as at the end of FY16, according to the CRISIL Report. It is a subsidiary of BSE Limited....
|2017-05-16||IRB InvIT Fund +||Systematix Group||55.59||IPO Subscribe|
India Grid Trust, an infrastructure investment trust (InviT) established to own inter-state power transmission assets in India. IndiGrid was established on October 21, 2016 by its Sponsor, Sterlite Power Grid Ventures Limited, and is registered with SEBI pursuant to the InviT Regulations. Its Sponsor is one of the leading independent power transmission companies operating in the private sector, with extensive experience in bidding, designing, financing, constructing and maintaining power transmission projects across India. The Company is focused on providing stable and sustainable distributions to its Unit holders. It believes that it is well positioned to take advantage of the growth potential of India's power transmission industry given its financial position, support from its Sponsor and the robust regulatory framework for power transmission in India. The Company believes that infrastructure necessary to transmit and deliver electricity is vital to India's continued economic advancement given the inter-regional power deficit resulting from a mismatch between power generation and load centers and the demand-supply deficit which is expected to result from India's...
|2017-05-16||PSP Projects Ltd. +||Systematix Group||479.55||IPO Note|
Visible growth through a robust order book & growing pre-qualification credentials: In this industry, an order book is considered one of the key indicators of future performance as it represents a portion of anticipated future revenue. PSP's strategy is not focused solely on order book addition but, rather, on adding quality projects with potentially higher margins and/or prestigious projects that help enhance with their growing reputation. By diversifying their skill set and order book across different sectors, PSP is able to pursue a broader range of project tenders and consequently, optimize our business volume and profit margins. The Company's total order book as of FY17 was Rs....
|2017-05-02||IRB InvIT Fund +||Systematix Group||55.59||IPO Note|
IRB InvIT Trust, a registered infrastructure investment trust under the InvIT Regulations. It primarily intend to own, operate and maintain a portfolio of six toll-road assets in the Indian states of Maharashtra, Gujarat, Rajasthan, Karnataka and Tamil Nadu. These toll roads are operated and maintained pursuant to concessions granted by the NHAI. The Company believes that, upon the listing of the Units on the Stock Exchanges, it will be the first listed infrastructure investment trust focused on toll-road assets in India. The Company's sponsor is IRB Infrastructure Developers Limited, one of the largest infrastructure development and construction companies in India in terms of net worth in the roads and highways sector according to the NHAI's annual prequalification for public private partnerships in national highway projects report for 2016. The Sponsor has been listed on the Stock Exchanges since 2008. Excluding the toll-road assets that are being transferred by the Sponsor to the Company pursuant to the Formation Transactions (as described below), as of December 31, 2016, the...
|2017-04-24||S Chand & Company Ltd. +||Systematix Group||92.20||IPO Subscribe|