INDRAPRASTHA GAS LTD.
Ventura
Riding the volume growth
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
---|---|---|---|---|---|---|---|---|---|---|---|
17 Apr 2023 | Indraprastha Gas Ltd. |
Ventura
|
454.70 | 1009.00 | 491.25 (-7.44%) | 121.90 |
Buy
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03 Jul 2023 | Lloyds Metals & Ener.. |
Ventura
|
537.05 | 1040.00 | 416.70 (28.88%) | 93.65 |
Buy
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26 Jun 2023 | Lloyds Metals & Ener.. |
Ventura
|
537.05 | 1040.00 | 383.50 (40.04%) | 93.65 |
Buy
|
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01 Jun 2023 | Royal Orchid Hotels .. |
Edelweiss
|
297.90 | 549.00 | 327.20 (-8.95%) | 84.29 |
Buy
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23 Aug 2023 | Welspun India Ltd. |
Ventura
|
122.25 | 218.00 | 125.70 (-2.74%) | 78.32 |
Buy
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25 Aug 2023 | Welspun Specialty So.. |
Ventura
|
36.33 | 62.00 | 35.06 (3.62%) | 70.66 |
Buy
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17 Aug 2023 | UFO Moviez India Ltd. |
Ventura
|
107.80 | 185.00 | 110.20 (-2.18%) | 71.61 |
Buy
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26 Sep 2023 | Ashoka Buildcon Ltd. |
HDFC Securities
|
113.10 | 189.00 | 110.95 (1.94%) | 67.11 |
Buy
|
Ashoka Buildcon: Asset value > Market capitalisation
HDFC Securities
Given the strong OB, improving visibility on asset monetization, and likely cash inflow from asset monetization (INR 31bn) exceeding market cap (INR 29bn), we increase our SOTP valuation to INR 189/sh (9x Sep-25E EPS, asset value repriced higher). We maintain our BUY rating. Ashoka Buildcon (ASBL) has underperformed the broader infra space over the last 1Y/2Y/5Y, despite its order book multiplying 2x over FY19-23. (1) ASBL has a well-diversified OB at ~2.5x FY23 standalone revenue which provides revenue visibility over the medium term. (2) At the standalone level, the company had gross/net debt of INR 10/8.1bn (gross D/E 0.3x) as of Mar'23 vs. INR 5.6/4.2bn as of Mar'22. (3) Healthy asset monetization pipeline, total proceeds over the next three years could cumulatively exceed the current market cap. (4) Standalone EPC business valuation is not priced in the current market cap.
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10 Apr 2023 | Mahanagar Gas Ltd. |
Ventura
|
1010.10 | 1719.00 | 992.30 (1.79%) | 70.18 |
Buy
|
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19 Jun 2023 | Hindustan Oil Explor.. |
ICICI Direct
|
170.70 | 260.00 | 208.05 (-17.95%) | 52.31 |
Buy
|
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08 Jun 2023 | State Bank of India |
Ventura
|
591.75 | 943.00 | 589.00 (0.47%) | 59.36 |
Buy
|
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15 Apr 2023 | Sterling Tools Ltd. |
Ventura
|
373.30 | 570.00 | 436.55 (-14.49%) | 52.69 |
Buy
|
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30 May 2023 | Infibeam Avenues Ltd. |
KRChoksey
|
17.80 | 28.00 | 14.60 (21.92%) | 57.30 |
Buy
|
Tailwind in the payment industry will drive TPV and NTR
KRChoksey
Gross revenue showed impressive growth, reaching INR 6,527 mn, which is a 76.6% increase YoY and a 57.4% increase QoQ. This growth was primarily driven by outstanding performance in both the digital payments and software platforms business.
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14 Aug 2023 | Shyam Metalics and E.. |
ICICI Securities Limited
|
439.50 | 690.00 | 464.85 (-5.45%) | 57.00 |
Buy
|
Capex is what capex does
ICICI Securities Limited
We see Shyam Metalics and Energy (SMEL) effectively evolving on its 3C principle: Comprehensive products, Capex focus and Cost efficiencies. The recently announced capex plan of INR 39bn illustrates the company’s sharp focus on both scope and scale.
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11 Sep 2023 | Kilpest India Ltd. |
Edelweiss
|
757.55 | 1184.00 | 840.30 (-9.85%) | 56.29 |
Buy
|
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24 Aug 2023 | Zomato Ltd. |
Ventura
|
100.10 | 156.00 | 93.80 (6.72%) | 55.84 |
Buy
|
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16 May 2023 | Greaves Cotton Ltd. |
ICICI Direct
|
139.50 | 215.00 | 152.70 (-8.64%) | 54.12 |
Buy
|
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27 Jul 2023 | Bharat Petroleum Cor.. |
ICICI Securities Limited
|
345.85 | 540.00 | 379.25 (-8.81%) | 56.14 |
Buy
|
A strong beginning to FY24E
ICICI Securities Limited
BPCL reported a strong Q1FY24 with EBITDA of INR 149.6bn and recurring PAT of INR 99.2bn, up 34%/32% QoQ respectively, and materially ahead of the operating loss of Rs59bn and net loss of INR 62.9bn in Q1FY23 (I-Sec: EBITDA INR 107bn, PAT INR 66.3bn).
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01 May 2023 | Gulf Oil Lubricants .. |
Ventura
|
528.80 | 813.00 | 409.05 (29.28%) | 53.74 |
Buy
|
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17 May 2023 | Jubilant Ingrevia Ltd. |
Prabhudas Lilladhar
|
474.00 | 715.00 | 395.05 (19.98%) | 50.84 |
Buy
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