BUSINESS
HG Infra and Engineering: Is it poised for a re-rating?
HG’s diversification into newer segments would reduce concentration risk and enable re-rating.
BUSINESS
Thangamayil Jewellery: Soft quarter, but long-term prospects in fine shape
Demand improvement in the ongoing quarter, and the expected normal monsoon as well as the resumption of the recent uptrend in gold prices augur well for TMJL
BUSINESS
PI Industries: Diversification away from agrochemicals takes root
Apart from the traditional agrochem business, PIND is getting enquiries for non-agrochem molecules that provide good growth opportunity
BUSINESS
What are the bets to look at in the domestic agrochemical space?
Agrochemical companies such as Sumitomo, Dhanuka and Rallis have, of late, been impacted by a surge in raw material cost, along with the challenge of securing supply. The commentary from FMCG players about subdued rural demand has also not helped
BUSINESS
Devyani International: On track for faster earnings growth
Pizza Hut franchisee DIL is on course to open 200-250 stores every year over the next 2-3 years
BUSINESS
Lemon Tree Hotels set to emerge stronger, post COVID-19
Demand-supply dynamics in the hotel industry is expected to remain favourable over the next 2-3 years, benefiting bigger, branded players like Lemon Tree
BUSINESS
Value innerwear: Will these stocks continue to do well?
Healthy double-digit volume growth will continue as Dollar Industries and Rupa tap new segments and enhance their product range. Both aim to sustain margins that would maintain earnings growth momentum
BUSINESS
Trent: Outstanding results; huge growth runway
Rapid store expansion, particularly the value format of Zudio, will drive the growth momentum for Trent in the next fiscal
BUSINESS
Goldiam International: Healthy growth prospects
The expansion of the e-commerce segment and the lab-grown business is likely to help sustain growth for Goldiam
BUSINESS
Sapphire Foods India: Performance improvement to continue to drive re-rating
SFIL has aggressive store expansion plans and can scale up margins significantly as borne out by its Q3. This is seen as a key re-rating trigger
BUSINESS
Page Industries: Multiple growth levers
Page is confident of reaching its $1-billion revenue target by FY26, ahead of schedule, which implies about 18 percent growth over 3-4 years
BUSINESS
Nykaa: Profitability focus can moderate growth; valuations expensive
Nykaa is keen to adopt a balanced approach, implying that the top-line growth can moderate if it chooses to improve profitability
BUSINESS
Jubilant FoodWorks: Correction an opportunity for investors
JFL is expanding the core Dominos business with focus on reducing the delivery time. Also, JFL would significantly scale up Hong's Kitchen, Ekdum as well as Popeyes chicken business in India
BUSINESS
Aditya Birla Fashion and Retail: Preparing for the next leg of growth
ABFRL will scale up new businesses, such as innerwear, ethnic and sportwear. This would be the key growth contributors and would form a significant chunk of business over the next 4-5 years
BUSINESS
Vedant Fashions IPO: Robust business model but pricey valuation
While VFL has strong operating metrics as well as headroom for growth, given the higher share of the unorganised segment, its valuations are at a significant premium and leave little room for safety
BUSINESS
Titan: The numbers have got more shine
Titan is expected to emerge stronger in the jewellery industry, going forward. The massive expansion in eyewear as well as watch segments will enable it to fire on all cylinders
BUSINESS
Indian Hotels Limited: Will it emerge stronger, post COVID-19?
IHCL is witnessing signs of recovery, starting this month, and expects to reach pre-COVID levels in the early part of the next fiscal
BUSINESS
Infrastructure and Engineering: Prime billing in Budget 2022, companies in sectors to benefit
The budget’s laser focus on capital expenditure and promoting domestic manufacturing unleashes opportunities for companies in these sectors
BUSINESS
Larsen & Toubro: Strong pipeline, stable earnings to support stock returns
L&T expects close to Rs 4 lakh crore of orders in the pipeline, the highest in the recent past, providing a strong revenue visibility
BUSINESS
Burger King India: Correction an opportunity for long-term investors
FY23 is expected to be much better for BKIL, given the acceleration in store openings and the expansion of the café format in India as well as the integration of the Indonesian business
BUSINESS
Sharda Cropchem: Will it continue to re-rate?
Sharda Cropchem has raised its capex on new registrations and has a healthy product registration pipeline. We expect the company to deliver double-digit volume growth in FY23 as well
BUSINESS
Rallis India: Will FY23 be a better year for the company?
We expect earnings recovery in FY23 as monsoon is likely to be normal, raw material prices are likely to ease domestically, and contribution from new launches can increase
BUSINESS
Metro Brands: Is it a worthy bet for the long term?
MBL’s earnings growth (over FY20-23) as well as valuations (based on FY23 projections) are at about 20 percent premium to Bata and discount to Relaxo, respectively
BUSINESS
Jubilant FoodWorks: Get ready for a bigger bite
Among quick-service restaurant players, Jubilant FoodWorks would be relatively less affected by the current third wave of COVID-19, thanks to the higher share of the delivery business
