BUSINESS
PI Industries: Will it outperform domestic agrochemical players?
PIND expects margins to improve in the current fiscal, led by better product mix, operating leverage and manufacturing process improvement
EARNINGS
Crompton Greaves Consumer Electricals: Cost optimisation offsets inflationary headwinds during Q4
Crompton Greaves Consumer Electricals has reported decent numbers for Q4FY22. Overall revenue was impacted by Omicron-related disruptions in January. However, February and March saw strong recovery, and the business maintained margins despite cost headwinds
BUSINESS
Sumitomo Chemicals India: Steady margin profile catches attention
The company’s superior execution in recent quarters makes it worthy of tracking. We see huge business opportunities emerging from the parent and group companies; investors can buy the stock on market dips
BUSINESS
Dixon Technologies: Growth outlook wired to mobile business
The current market has clearly punished stocks that have inflated valuations. Dixon is no exception as the stock has fallen about 40 percent in the past 6-8 months. Besides, the stock had a massive rundown following the ED raids on Xiaomi India
BUSINESS
Paint sector: Valuation derating on the cards?
A lot of action is happening in the paint industry. Asian Paints and Berger Paints, the long undisputed leaders, are now facing the heat of competition. With so many players, many of them biggies in allied sectors, entering the fray, the sector is just starting a valuation de-rating cycle. This is not the time to hold paint company stocks
BUSINESS
Pidilite: Margin pressure to continue
Pidilite is a fantastic business with a proven track record and a promising growth outlook
BUSINESS
AC companies: Resurgence in demand boosts Q4 earnings
Voltas and Blue Star continue to trade at elevated valuations, which seem to factor in a majority of the positives
BUSINESS
ACC-Ambuja deal: Adani buy keeps growth levers well oiled
There exists a significant scope of improvement for the combined entity and the realisation of cost synergies is likely to push margins and return ratios higher in the coming years
BUSINESS
Asian Paints: Sustained volume growth, better margins drive Q4
While the paint business is on a strong footing, the management is looking to accelerate its journey into the home improvement space by leveraging the existing distribution network
BUSINESS
Havells India Q4: Lloyd shines, but cost increases rein in profits
Backed by a positive revival in demand across product segments, the revenues for Q4 FY22 jumped more than 30 percent year on year (YoY). The top line got a boost from the Lloyd business, which grew the fastest among all segments.
BUSINESS
How much can PCBL tap into favourable supply-demand balance?
PCBL’s sequential sales growth of 5 percent was led by pricing growth, offsetting a 4 percent decline in volumes. This was chiefly due to supply-chain hurdles as export volumes were down 11 percent QoQ
BUSINESS
Insecticides (India): A value bet on normal monsoon
IIL's export share can also improve to the 15-20 percent range of revenue, owing to higher penetration in new geographies, and a pick-up in product registration
BUSINESS
Dixon Technologies: Growth holds up, margin feels the heat
The Dixon stock price still appears running ahead of fundamentals and investors should ideally wait for better price points
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
Crompton Consumer spreads its wings, with buyout of Butterfly Gandhimathi
In FY21, Butterfly clocked a revenue growth of 27 percent despite the pandemic disruptions
BUSINESS
Blue Star, Voltas or Amber Enterprises: Which is the best buy?
Voltas and Bluestar continue to trade at elevated valuations, which seem to price in the positives. Investors can look to accumulate Amber on correction
BUSINESS
Berger Paints: With recovery gaining ground, should you buy it?
Investors should wait for further correction in Berger Paints as this will provide a better risk/reward profile
BUSINESS
Early signs of normal monsoon and what it means for Indian stock market...
Initial weather forecasts suggest India would have a normal monsoon this year. This would lead to strong performance in rural related sectors such as FMCG, agrochemicals, tractors and two wheelers
BUSINESS
Metro Brands IPO: How does it score on valuation?
Given the premium valuations to Bata and lower discount as compared to Relaxo, we believe Metro Brands IPO valuations provide little margin of safety for investors
BUSINESS
Nestle India: Revenue in double-digit growth lane, margins feel the heat
Investment in capex, product launches will drive growth
BUSINESS
Fine Organics glued to green chemicals, may keep valuation premium
The medium-term growth in earnings for Fine Organics is expected to be driven mainly by volume growth in new capacities, better realisations and normalisation of input costs
BUSINESS
Sharda Cropchem: Likely to outperform in the agrochemical space
Healthy product registration pipeline provides medium-term growth visibility while increasing focus on biocides would be a key trigger to watch.
BUSINESS
Dhanuka Agritech: Looking beyond rains for future investment
The upcoming Dahej plant would cut down raw material costs and open export avenues for Dhanuka Agritech
BUSINESS
Ami Organics IPO: A play on critical pharma intermediates
Intermediates are the key area where import dependence is huge, and, hence, a company like Ami Organics is likely to benefit
