Archive for December, 2011

Sell Ambuja Cement

Ambuja Cement Ltd Ambuja Cement Ltd net revenues stood at Rs 1805.1 crore, a growth of 15.4% y-o-y from Rs 1564 crore in Q3CY10 and a decline of 15% on a q-o-q basis on back of decline in realization in the Aug-Oct quarter because of the monsoon factor. Dispatches for the quarter were 4.69 mn [...]

Rallis India – Stocks To Watch

Rallis India clocked healthy topline growth of 19.4% y-o-y to Rs 439.5 crores, largely driven by 19% y-o-y growth in the core business offset by subdued performance by Metahelix. Core business (standalone) sales grew 19% y-o-y to Rs 436.5 crores, inline with our estimates, driven by domestic volume growth. EBITDA margins declined by 87 bps [...]

DLF Q2FY12 Financial Results

DLF posted its Q2FY12 results above our estimates with a topline of Rs 2532 Crs, a growth of 4% q-o-q and 7% y-o-y. EBITDA margins improved significantly by 711 bps on a y-o-y basis on the back of decrease in operating expenses, on a sequential basis margins improved by 90 bps. Net margins remained flat [...]

Short Term Investment – IRB Infrastructure

IRB Infrastructure Ltd IRB Infra reported Q2FY12 consolidated revenues of Rs 736 crore (up 5%, YoY) that is inline to our expectation, primarily increased by construction Income of Rs 528 crore (up 79%, YoY) and Toll revenue grew by Rs 238 crore (up 17%, YoY). EBIDTA grew to Rs 321.5 crore (up 36%, YoY) and [...]

Short Term Investment – ITC

ITC Ltd FMCG major ITC reported strong performance with Net sales up by 18% y-o-y to Rs 5974.2 crores, inline with our estimates on the back of strong double digit growth in Cigarette (16%),FMCG-Others(27%) & Agri (15%). Cigarette segment delivered strong revenue growth of 16% y-o-y to Rs 2968 crores driven by volume growth of [...]

bank of baroda – Short Term Investment

Bank of Baroda (BoB) is the third largest public sector bank (PSU), differentiating itself on  account of higher share of international business together with an excellent track record of consistent and qualitative growth reflected in better branch and employee productivity in comparison to its peers. Over the past few years, the bank has created a [...]

Tata Motors – Short Term Investment

TML’s consolidated revenue increased 25.8% y-o-y & 8% q-o-q to Rs 36197 crores largely driven by strong 30% y-o-y revenue growth for JLR operating profit grew at a lower rate of 15% y-o-y to Rs 4816 crores on the back of 258 bps y-o-y increase in raw material cost as a % to sales. Net [...]

J.K. Laxmi Cement – Stocks To Watch

J.K. Laxmi Cement NSE Symbol : JKLAKSHMI BSE Code: 500380 J.K. Laxmi Cement is a leading cement company of India and the business volume of this company has grown to 19 % compared to 6.5 % of last year for the Q2 of FY 2012. The company has posted the net profit worth Rs. 5.76 [...]

Patel Engineering – Short Term Investment

Patel Engineering Company BSE  : 531120 NSE : PATELEN CMP :  Rs.91.60 PEL reported standalone revenue of Rs 613.3 crore (up 13.3%, YoY) that is above to our expectations, primarily led by pick up in projects execution at various project sites. EBITDA grew to Rs 94.8 crore (up 23%, YoY), primarily led by fall S&A [...]

Sobha Developers – Short Term Investment

Sobha Developers Ltd BSE Code : 532784  NSE Symbol : SOBHA Sobha Developers has announced Q2FY12 results Sobha Developers Ltd, a Rs. 15 billion company, is one of the largest and only backward  integrated real estate players in the country Sobha is primarily focused on residential and contractual projects. The company has also set up [...]