BUSINESS
UltraTech – A market leader that continues to deliver
UltraTech has been consistently generating free cash flow, which has helped it improve its leverage profile
BUSINESS
Asian Paints: A sector superstar, but $40-billion valuation raises eyebrows
Asian Paints is gradually expanding its product range from paints to other categories with an aim to beautify, preserve and transform all spaces and objects in homes
BUSINESS
ACC: Strong quarter despite COVID disruptions
Our long-term thesis on ACC remains intact because of its market leadership position, operating efficiencies and robust balance sheet
BUSINESS
Emmbi Industries: Growth outlook bullish
Emmbi's management is optimistic on the medium-term outlook as the rebound in manufacturing confidence aligns with better global trade activity and rising consumer confidence
BUSINESS
Finolex Industries: Long-term prospects look solid
While its long-term prospects appear solid, the company will most likely face some demand and margin headwinds in the near term.
BUSINESS
Hawkins Cookers – Long-term promise outweighs near-term concerns
From a competitive standpoint, Hawkins is the second largest player in pressure cookers with a market share of over 30 per cent
BUSINESS
Will earnings set off the next party for the bull market?
There is little doubt that markets are exuberant on many fronts, but domestic businesses have clearly been lacking the elusive 20-25 per cent earnings growth that the investor and analyst community has been waiting for a very long time
BUSINESS
Bajaj Healthcare: Making solid progress on its growth path
For FY22, Bajaj Healthcare does not have any major capex planned and will primarily be focusing on driving growth through new product launches and ramp-up of acquired manufacturing units
BUSINESS
Allcargo Logistics: Macroeconomic tailwinds to fuel growth
With a vast footprint and a long operating history, Allcargo is well positioned to continue the expansion of its Indian business while gaining incremental share in international trade
BUSINESS
Transport Corporation of India: Value play in an overheated market
TCI has cemented itself as the dominant player in the logistics industry over the past few years
TRENDS
Midcap cement duo that deserve attention
The near-term trajectory for the cement companies once again appears uncertain, but government spending in infrastructure development and policy reforms are expected to boost volumes post the easing of restrictions
BUSINESS
Are you ready for a recap of the Harshad Mehta Bull Run?
There exists a chance the Nifty might even touch 22,000 or even 24,000 in the next 6 months
TRENDS
Concor – One step closer to divestment
Concor is well positioned to benefit from global recovery over the next 2-3 quarters
BUSINESS
Crompton Consumer — Q4 performance marred by uncertain outlook
Crompton Greaves has also benefited from the investing trend of flight to quality and the stock has been a big winner in recent months
BUSINESS
Havells India: Sparkling results, but is it a safe stock to add?
Trading at a FY23 P/E ratio of about 50 times, the valuations of Havells appear to be pricing in meaningful growth beyond the pandemic
BUSINESS
Does the rally in Hyderabad Industries have more legs?
The gains in Hyderabad Industries' stock price have been largely aided by valuation re-rating as market is catching up to the future business potential driven by changes in revenue mix.
BUSINESS
Pidilite Industries: Market share gains propel Q4 earnings
Over the past 12 months, Pidilite has seen notable improvements in market share as competitors are finding it extremely difficult to operate in an unprecedented business environment
BUSINESS
Asian Paints: It's important to book profits when the going is good
The revenue mix improved considerably in Q4 owing to a higher contribution from the premium and the luxury segments, primarily aided by an upswing in demand from metros, Tier 1 and Tier 2 cities.
BUSINESS
Strengthening balance sheet makes Dalmia Bharat more appealing
The balance sheet of Dalmia Bharat has strengthened considerably and the net debt/EBITDA ratio reduced to 0.04x at the end of the March quarter
BUSINESS
Ambuja Cements: High conviction long-term buy
Ambuja’s solid balance sheet and improving cost structure offer sufficient margin of safety amid an uncertain demand environment
BUSINESS
Visaka Industries – Interesting value proposition
Visaka’s recent results indicate that the company has made solid progress on market positioning and cost-control initiatives
BUSINESS
ACC: Why we repose faith in the long-term thesis
Its market leadership position, operating efficiencies and a robust balance sheet should help ACC withstand demand fluctuations until market conditions stabilise
BUSINESS
Discovery Series: Deccan Cements merits a deeper look
On an absolute basis, the Deccan Cements stock is valued at an EV per ton of $40 only, which appears a deep discount to the usual-replacement cost of $100
BUSINESS
SastaSundar Ventures -- Turnaround in the making
On a relative basis, SastaSundar trades at a deep discount to competitors even with much better operating metrics
