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
BUSINESS
Concor – Solid Q4, but macro concerns linger
Concor’s business has a high correlation with the global economy and the decline in Q4 EXIM volumes is a clear reflection of weakening trade links globally
BUSINESS
Pidilite: Margin pressure to continue
Pidilite is a fantastic business with a proven track record and a promising growth outlook
BUSINESS
Nazara Technologies: Results cheer, solid growth potential
Sportskeeda has emerged as a leading eSports news and content destination in India and is now ranked among the Top 10 portals in the US
BUSINESS
Déjà vu: A repeat of 2008 in 2022 for markets?
In our view, both the Fed and the RBI are making a policy error as tightening is only going to make things worse as the effect of the ongoing liquidity squeeze will only be felt with a lag of 6-9 months
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
Delhivery IPO: Valuation tempers excitement
Dehlivery has a solid market position in the parcel delivery market and a strong record in identifying and solving the operating problems in a highly fragmented and unorganised market
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.
