Other Reports

Tuesday, February 25, 2020

Dixon Technologies (India) Ltd

Dixon Technologies (India) is primarily engaged in the manufacturing of electronics as its core business activity. The Company designs consumer electronics like LED lamps, mobile phones, televisions etc.On the financial health front, the company’s balance sheet looks strong with just 0.3x debt over equity. Currently, the stock trades at 44x of its earnings and delivers …

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Wednesday, February 19, 2020

Ipca Laboratories Ltd

Ipca is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments. Contribution from Global Fund tenders, new anti-malaria products (injection and dispersible tabs), strong API pricing/demand, Bayshore acquisition and likely pick-up in UK revenues are the key drivers. Further the company has reduced its debt dependency to …

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Monday, February 17, 2020

Gujarat Gas Ltd

Timken India (TIL) is primarily into the manufacture and distribution of tapered roller bearings, components and accessories for the automotive sector and the railway industry. The operating cash flow is also seen increasing year after year.Currently, the stock trades at 32x of its earnings and delivers 21.7% RoCE. It also pays an average annual dividend …

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Monday, February 17, 2020

Timken India Ltd

Timken India (TIL) is primarily into the manufacture and distribution of tapered roller bearings, components and accessories for the automotive sector and the railway industry. The operating cash flow is also seen increasing year after year.Currently, the stock trades at 32x of its earnings and delivers 21.7% RoCE. It also pays an average annual dividend …

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Monday, February 17, 2020

Alembic Pharmaceuticals Ltd

In 2011, Alembic Pharma Ltd(APL) was de-merged from Alembic Ltd to provide more thrust to formulations and insulate this business from the vagaries of commoditised APIs.It is trading at P/E valuation of 16.7x of 9MFY20 earnings and has a good return on equity (ROE) track record last 3 Years ROE 22.2%.Hence BUY.

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Sunday, February 16, 2020

Trent Ltd

Promoted by the Tata group, Trent operates Westside, one of Indias largest and fastest growing chains of departmental stores. Trent has maintained consistent profit growth of 67% over 5 years and has been maintaining a healthy dividend payout of 40%.Hence BUY.

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Thursday, February 13, 2020

Tata Chemicals Ltd

Tata Chemicals is a global chemicals company serving the needs of industry, consumers and the agricultural sector. The Company manufactures inorganic chemicals, consumer products, crop protection and agriculture inputs, and nutritional solutions. AT the end of FY19, debt-equity ratio came down to 0.5x from 1.3x in FY14. Currently, the stock trades at 15.5x of its …

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Wednesday, February 12, 2020

Balkrishna Industries Ltd

Balkrishna Industries (BIL) is engaged in the business of manufacturing and selling of Off-Highway Tyres (OHT) in the specialist segments such as Agricultural, Industrial & Construction and so on. The company’s balance sheet looks strong with reducing debt dependence. The debt-equity has come down to 0.2x in FY19 from 1.4x in FY14. Currently, the stock …

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Tuesday, February 11, 2020

Dr Reddys Laboratories Ltd

Dr. Reddys Laboratories Limited is a pharmaceutical company that is engaged in providing medicines. The Company operates in three segments: Global Generics, Pharmaceutical Services and Active Ingredients (PSAI), and Proprietary Products. Its cash flow management also looks well with steady cash flow generation at the operational level and investing the cash in assets and income …

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Saturday, February 1, 2020

Union Budget 2020-21 Review

Fiscal deficit targets relaxed by 50bps as Government tries to stimulate the economy

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Thursday, January 23, 2020

Union Budget 2020-21 Preview

Given recent slowdown in the economy there are expectations that the budget would contain bold measures to boost the economy. Tight fiscal and monetary policy over the past few years coupled with major structural changes have taken a toll on growth which was further exacerbated post the IL&FS crisis and its fallout. This is reflected …

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Thursday, January 2, 2020

Gujarat Gas Ltd

Gujarat Gas (GUJGA) is engaged in Natural Gas Business in India. Natural gas business involves distribution of gas from sources of supply to centres of demand and to the end customers. On the financial health front, the company is reducing its debt year after year and currently stands at 1.1x. Simultaneously interest coverage ratio is …

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