Srikalahasthi Pipes Ltd. share price target and research reports

Name: Latest research reports of Srikalahasthi Pipes Ltd. authored by Reliance Securities and published by - Trendlyne research reports.
Item: Srikalahasthi Pipes Ltd.
Rating: 5
Author: Reliance Securities

Latest analyst research reports with target prices and PDF download for SRIPIPES, BSE:513605 Srikalahasthi Pipes Ltd.

Srikalahasthi Pipes Ltd.

11 Aug 2017

Srikala Hasthi Pipes - 1QFY18 Result Update

Buy: Srikalahasthi Pipes Ltd.

Reliance Securities

Looking ahead, we expect SPL's operating performance to improve, as the price of coking coal is expected to stabilise from 2HFY18E onwards. Moreover, the government's thrust on improving water infrastructure through multiple schemes offers greater order inflow visibility for SPL. Further, ~75% market share in Southern & Western markets augurs well for SPL, as the industry enjoys strong entry barriers for being capital intensive having long gestation period. Thus, we maintain...

Srikalahasthi Pipes Ltd.

30 May 2017

Religare Investment Call - Srikalahasthi Pipes Ltd

Buy: Srikalahasthi Pipes Ltd.

Religare

Incorporated in 1991, Srikalahasthi Pipes Ltd. (SPL; erstwhile Lanco Industries Ltd.) is one of the leading producers of ductile iron (DI) pipes in India. With a production capacity of 3 lac TPA of DI pipes, SPL's facility is located at Tirupathi (AP). SPL also manufactures pig iron, cement, low ash metallurgical coke & generates power for captive consumption.

Srikalahasthi Pipes Ltd.

23 May 2017

Srikala Hasthi - 4QFY17 Result Update

Buy: Srikalahasthi Pipes Ltd.

Reliance Securities

Bleak Quarter Marred by Higher Input Cost; Maintain BUY Srikalahasthi Pipes (SPL) has delivered a subdued performance in 4QFY17 with its EBITDA declining by 16.1% YoY and 13.8% QoQ to Rs556mn (vs. our estimate Rs 722mn), while EBITDA margins contracted by 902bps YoY and 1,133bps QoQ to 12.9% vs. our estimate of 21.6%. Sharp decline in EBITDA is attributable to a steep increase in the prices of key raw material i.e. coking coal, which averaged at US$220/tonne in 4QFY17 compared to US$170/tonne and US$105/ tonne in 3QFY17 and 2QFY17, respectively. Notably, SPL could not pass on the higher cost of coking coal to the customers, as the prices increased in every month of the quarter. However,...

Srikalahasthi Pipes Ltd.

20 Jul 2016

Srikalahasthi Pipes Ltd.

Buy: Srikalahasthi Pipes Ltd.

Recommendation Target

Choice India

Srikalahasthi Pipes Ltd. (SPL) (formerly known as Lanco Industries Ltd.) is one of the leading producer of ductile iron (DI) pipes in India. Incorporated in 1991, the company is currently engaged into the manufacturing of DI pipes, pig iron,...

Srikalahasthi Pipes Ltd.

01 Jun 2016

Srikalahasthi Pipes Ltd - Update

Buy: Srikalahasthi Pipes Ltd.

AUM Capital

Srikalahsthi Pipes Ltd (SPL), formerly known as Lanco Industries Ltd, is one of the leading manufacturers of Ductile Iron Pipes (DI Pipes). It was incorporated in 1991 and has its manufacturing facility in Rachagunneri,Chittoor Dist AP. In 2002 it entered into a strategic alliance with Electrosteel castings Ltd (ECL), one of the largest manufacturers of DI pipes. SPL's marquee client list includes L&T;,...

Srikalahasthi Pipes Ltd.

24 May 2016

Retail Research - Srikalahasthi Pipes Ltd. Q4 FY17 Result Update

Accumulate: Srikalahasthi Pipes Ltd.

Choice India

Top-line grew by 36.6% Y-o-Y: In Q4 FY17, SPL reported a 36.6% Y-o-Y rise in the operating revenue to Rs. 4,394mn. The increase in the top-line was mainly attributable to higher realizations and the business from the trading activities. Business from normal activities is anticipated to have increased by around 13% Y-o-Y to Rs. 3,600mn in Q4 FY17. Annually, for FY17, top-line reported a modest rise of 2.2% to Rs. 12,034mn. Higher coking coal price pull down EBITDA by 19.7%: Q4 FY17 quarter was characterized by the higher coking coal prices, which mainly led to a 64.1% Y-oY increase in the cost of material consumed. Consequently, total operating...