APL Apollo Tubes Ltd (APTL) is the largest producer of Electric Resistance Welded (ERW) Steel Pipes in India, with a capacity to produce 2.5 Million Tonnes per annum. Steel Pipes has its applications across varied sectors and industries like Infrastructure Projects, Construction activities, Automobiles,...
L&T; Technology Services (LTTS), a niche play on ER&D; services, is on the cusp of high-growth trajectory steered by potent catalysts: 1) ongoing strong digital and IoT wave to spearhead ER&D; growth; 2) T30A3' strategy is well etched out to ramp up LTTS's offerings to top-30 clients and target adjacent three customers in each vertical; 3) well-diversified presence across verticals along-with lower top clients' concentration insulates its revenues in downturns; and 4) strong parent in L&T; LTTS leverages on strong engineering capabilities and relationships of L&T.;...
Company was initially incorporated as Rossari Labtech on March 6, 2003, as a partnership firm however subsequently was changed into company and named Rossari Biotech Ltd on 5th December 2003. Rossari Biotech is one of the leading specialty chemicals manufacturing companies in India providing customized solutions to requirements of their customers primarily in the FMCG, apparel, poultry and animal feed industries through company's diversified product portfolio comprising home, personal care and performance chemicals; textile specialty chemicals and animal health and nutrition products. The company operates in India as well as in 17 foreign countries including Vietnam, Bangladesh and Mauritius etc. The company...
Nocil Ltd reported a topline de-growth of ~12% YoY to `2127mn on the back of drop in its realisations in the quarter. Company recorded highest volume growth in last 8 quarters; while on sequential basis it recorded 11% growth in its sales volumes. In FY20, topline de-grew to `8463mn from `10429mn primarily on the back of lower realisations...
Navin Fluorine International Ltd (NFIL) reported a topline growth of ~9.5% YoY to `2766mn on the back of robust growth in its segments such as specialty chemicals and CRAMS which surged by ~52% & ~26% YoY respectively in Q4FY20. Specialty Chemicals recorded higher growth due to strong performance in domestic & export markets driven by higher volumes and CRAMS business due to its strong order book position in Q4FY20. However, the robust performance in mentioned segments was offset...
SRF Ltd reported a topline de-growth of ~8% YoY to `18,578mn on the back of drop in its segments such as technical textiles and packaging solutions which declined 34% & 3% YoY in Q4FY20. Packaging solutions segment reported drop in revenues due to lower product prices whereas technical textiles revenues declined amid persisting weakness in the automobiles segment in Q4FY20. In FY20, topline grew to `72,094mn on the back of robust volume led growth in agrochemical revenues however partly offset by decline in technical textiles, weakness in refrigerants and slowdown in automobile sector. EBITDA grew by 1.2% to `3884mn on account of lower operating expenditure while...
Jyothy Labs Ltd. (Formerly known as Jyothy Laboratories Ltd.) reported its Q4FY20 results recently. The key highlights are as follows: 1. The consolidated revenue declined by 24% YoY to `393Crs due to significant decrease in Household Insecticides (HI) and Personal Care business. Nationwide lockdown due to...
Heidelberg Cement's top-line de-grew by ~6.2% Y-o-Y to `5,098mn primarily on the back of decline in sales volume. Sales volume plunged 10% YoY to 1.09mn MT primarily due to nationwide shutdown (led by Covid-19 pandemic) in last week of March 2020. With no clinker sales total 10 days volume lost due to lockdown was around 1-1.25 lakh tons. However, realisations were up marginally by 4% YoY to `4,677/MT on account of higher sales of its premium products& firm cement prices. EBITDA in Q4FY20 stood at `1,273mn up ~2% Y-o-Y on the back of lower operating expense (mainly Power & Fuel cost & Freight forwarding cost which dropped 24% & 17%...
EBITDA de-grew by 12.7% to `2189mn on account of lower topline and EBITDA margins contracted by 163 bps to20.3% on account of higher other expenses and higher employee expenses as % to sales. Employee expenses and Other expenses % to sales stood at 7.3% & 20.7% respectively in Q4FY20 compared to 6.8% & 18.9% in Q4FY19. However, contribution from Chlorination and Nitration stands at 25% while...
