BUSINESS
Transport Corporation of India: Best in class execution
The logistics company posts record-high revenues in Q1FY23 as all business verticals show healthy increases
BUSINESS
Hyderabad Industries – Operating in a tough spot
Despite growth initiatives, earnings outlook weak amid macro challenges
BUSINESS
Nazara Technologies: Rosy earnings outlook
The company in a vantage position to capitalise on gaming opportunities
BUSINESS
Dixon Technologies: Is the growth story faltering?
Contract manufacturer Dixon Technologies delivered healthy operating metrics for Q1 FY23. However, the business internals were mixed and the June-quarter sales and margins were a bit soft on a sequential basis due to demand slowdown and the challenging cost environment
BUSINESS
Asian Paints: Stock run-up unlikely amid the business sparkle
Since the start of 2022, paint stocks have been under pressure due to concerns about high commodity inflation, sluggish demand, and intensifying competition. Despite these headwinds, market leader Asian Paints has reported a surprisingly good Q1 FY23
BUSINESS
Crompton Greaves Consumer Electricals: Strong growth across segments in Q1
Consumer electrical maker Crompton Greaves Consumer Electricals continued its business momentum from the previous quarter and reported a healthy revenue growth in Q1
BUSINESS
UltraTech – Margin guidance casts a shadow on Q1 optimism
The management is optimistic on the demand scenario because of the government’s focus on infrastructure and housing
BUSINESS
Havells India: Margins crack further in Q1
Havells India has had a rough start to fiscal year FY23. The company reported strong revenues for the June quarter, but margins remain an area of big concern as expenses are climbing faster than revenue.
BUSINESS
Polycab India Q1: Slump in commodity prices to impact near-term growth
Wires and cables manufacturer Polycab India posted a strong revenue growth in Q1 FY23 on a yearly (YoY) basis. Though the headline numbers appear robust, market internals suggest that the volatility in metal prices is hampering business momentum
BUSINESS
Ambuja Cements Q2 CY22: Near-term headwinds keep us on sidelines
Cement volumes are likely to get support from the government’s capex push and normal monsoon
BUSINESS
Sterling Wilson Renewables Energy: Receding cost pressure to aid recovery
SWREL is targeting ~ $1 billion (Rs 7,000-8,000 crore) of new EPC orders from its current bid pipeline
BUSINESS
ACC: Soaring energy prices crush margins in Q2 CY22
Newcastle coal futures are trading near $430 per tonne, just shy of a record peak touched in early March, amid robust demand, falling Russian deliveries and supply-chain disruptions, among others
BUSINESS
Polycab India: A compelling growth story
Consumer durables manufacturer Polycab ended FY22 on a very impressive note, recording its highest top line ever in the March quarter
BUSINESS
GM Breweries Q1 -- Is the margin shaking off its slack?
GM Breweries' entry into the ethanol market could turn out to be a big growth engine for the overall business in the coming years
BUSINESS
Bajaj Healthcare: Meet a solid buy-the-dip candidate
In FY23, the management is planning to introduce 3-4 new products, through reverse engineering in APIs
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
SastaSundar Ventures: Interesting value proposition after the correction
The company has all the necessary ingredients (cash, people, capability, technology, experience etc.) to scale its business and there could be major margin unlocks that might play out over the next 3-5 years
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
Radico Khaitan – Inflation makes inroads into margins
Revenue growth of the liquor maker was quite solid, but its operating performance turned weaker hit by inflationary cost pressures
BUSINESS
Cement sector | What are pain points for investors?
We advise strong caution on UltraTech and Shree Cement as the entry of Adani poses the biggest risk to their market share as well as super-rich valuation
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
Delhivery Q4: Priced beyond perfection
The logistics player needs to keep on churning strong growth metrics as the current valuation is expensive, both on relative and absolute basis, and leaves no scope for error, in case growth starts to falter or even taper
BUSINESS
Dalmia Bharat Q4: Short-term headwinds getting priced in
A near-term revival in profitability for Dalmia Bharat appears unlikely as the inability of cement makers to push up prices, especially in a weakening demand environment, will continue to hurt operating margins for the coming 2-3 quarters
BUSINESS
Dr Copper is giving a big warning signal to equity markets!
The macro as well as the technical picture suggest that a breakdown in copper prices is likely in the coming months, which implies a worsening of financial conditions globally
