Latest broker research reports
with
buy recommendations along with share price targets forecast and upside.
Browse thousands of reports and search by company.
Broker Research reports: Buy reports
for all stocks
ICICI Securities Ltd | Retail Equity Research Revenues grew 24.6% YoY to | 1008.1 crore (I-direct estimate: | 932.6 crore) due to ~26% growth in generic business to | 501 crore and ~22% growth in custom synthesis (CS) business to | 443 crore EBITDA margins increased 273 bps YoY to 40% (I-direct estimate: 37%) mainly due to a better product mix. EBITDA increased ~34% YoY to | 403.8 crore (I-direct estimate: | 345.1 crore) Net profit witnessed YoY increase of ~23% to | 301.8 crore (I-direct...
Consolidated revenue grew by 12% yoy to Rs 3bn, higher than estimates of Rs 2.8bn. Systems&projectsincreasedby40;%yoytoRs680mndrivenbygrowthfromrailwayorders. Steel products revenue was supported by contribution from high grade special steel production(~800tonnepermonth)startedsinceQ4FY16.Tubesrevenuegrewby17%yoy toRs398mnwith33%revenuecontributionfromhighvalueCDWtubesvs26%inQ1FY16. EBITDA grew by 40% yoy to Rs 362mn, 26% higher than estimates of Rs 287mn. Margins improved by 230bps to 11.8% higher than estimates of 10.2%. The company had tax provision of 43.5% vs estimates of 36% due to higher deferred tax associated with capex....
Topline at Rs 3bn (+77% yoy) was significantly ahead of expectations (Rs 2.5bn). EBITDA margins at 14.4% were inline with expectations of 14.5%. EBITDA at Rs 437mn (+77% yoy) was ahead of estimates of Rs 320mn. PAT of Rs302mn (+87% yoy) boosted by beat at topline was significantly ahead of our (Rs 178mn) and consensus (Rs 207mn) expectations. Order book at Rs 42.6bn is a robust 4.2x book-to-sales. However, including Rs 6.7bn of order received during July 2016, the orderbook stands at Rs 49.3bn (4.8x book-to-sales) providing high revenue visibility....
8 Margin pressure in Ethos with lower sales, increased competitive pressure and investmentsinIT,marketing&brandinginitiatives; 9 Sequentialrecoveryinmanufacturingbusiness,highgrowthinprecisionengineering...
KNRC delivered strong 1QFY17 net profit beat, ~17% ahead of our estimates (on account of Rs 56mn MAT credit entitlement). However, on an adjusted basis, APAT was ~5% lower than our estimates.
Bajaj Electricals (BEL) reported below-estimate revenue growth of 4.5% YoY (Rs 952bn), impacted by a poor show from the reclassified Consumer Products segment. Gross margin jumped by 592bps to 34% on lower input costs.
Mayur Uniquoters (Mayur) came out with mixed result in Q1FY17 where revenue was below expectation while EBITDA and PAT were above expectation. Lower than expected revenue was primarily due to lower than expected volume which grew just 1.8% YoY to 5.9 mn mtrs. Also, realization remained flattish YoY to Rs217.1/mtr. However, the company benefited from lower raw material prices which came down to 56.1% of sales in Q1FY17 compared to 60.5% in Q1FY16. Consequently, Mayur reported a strong EBITDA margin of 29.7% in Q1FY17 against 24.8% in...
