BUSINESS
Havells Q2 review: Lloyd biz hit by unfavourable business climate; buy on dips
Given its strong positioning, we recommend accumulating the stock during corrections
BUSINESS
ACC Q1 review: Operational performance hit by cost pressures
From a valuation standpoint, the stock now trades at around 11 times FY19 EV/EBITDA and appears little stretched from a near term perspective
BUSINESS
Recovery not yet in sight for Avanti Feeds, Apex Frozen Foods & Waterbase
We continue to prefer Apex Frozen Foods from a business perspective, but volume growth is likely to see some stagnation this fiscal on account of lower domestic production and shrimp disease
BUSINESS
GM Breweries Q1 Review: Margin expansion stalled by increasing cost pressures
Given its strong business fundamentals, the stock seems an interesting bet at current levels
BUSINESS
Concor: Change in strategy a positive for business; accumulate
The company is expected to be a steady compounder over the next couple of years
BUSINESS
Ideas for Profit: Accumulate Heidelberg Cement India on every dip
We continue to prefer Heidelberg Cement from the midcap cement pack as the company has strong positioning in the central market and a superior margin profile compared to peers
BUSINESS
Centre's duty hike: Domestic manufacturers to benefit but higher cost could spoil festive mood
Although the duty hikes will have a positive impact on the fiscal situation of the Indian economy, the impact on companies will vary on an individual basis
BUSINESS
Venky's Q1 review – Excellent play on India's demographic, consumption growth story
Venky's enjoys market leadership in the sector and controls majority of the supply in its key operating markets.
BUSINESS
Som Distilleries: A high growth company in the alcoholic beverages space
The company is focusing on bolstering its sales and distribution network in southern and eastern markets where the per capita consumption of liquor is relatively higher than other parts of India
BUSINESS
Advanced Enzymes: Niche business available at attractive valuations makes it a strong buy
Post the Q1 results, the management has maintained its guidance for a topline of Rs 440-450 crores along with an operational profit of 190-200 crore. We believe there could be some upside risks (3-5%) to this guidance on account of the rupee depreciation.
BUSINESS
Ideas for Profit: HIL reinvents itself as global building material solutions player; accumulate
The recent acquisition of Parador will further expand its product and geographic footprint and position it as an integrated building solutions provider.
BUSINESS
Visaka Industries — Steady performer in the building materials industry
The company is setting up a new board plant with a capacity by 50,000 tons. The same is expected to come on-stream by Q2 FY19. The management expects the new plant to touch full capacity utilisation by FY20.
BUSINESS
Price erosion in LED: Here’s how it can impact consumer durable majors
While the volumes will continue to grow at a healthy pace due to shorter replacement cycles (reduction in warranty period) and deeper market penetration, the margins will certainly suffer on account of reduction in selling prices.
BUSINESS
Plastics Pipes Q1 review: Growing at a steady pace; accumulate Finolex Industries
Finolex Industries will continue to grow at a steady pace for the next couple of years as the management is seeing strong traction in high margin CPVC business, which registered 70 percent volume growth in Q1 FY19
BUSINESS
Midcap cement Q1 review: Volumes showing strong uptrend; Prefer Ramco
With increasing capacity utilisation across regions, cement prices are expected to firm up after the monsoons and should aid margin recovery, which appears to have bottomed out
BUSINESS
Tile manufactures Q1 review: Prefer Asian Granito for the long term
Asian Granito has been consistently delivering industry-leading double-digit volume growth for the past few quarters. It continues to expand its retail footprint in an aggressive manner and is focusing on value-added products to enhance margins
BUSINESS
Ideas for Profit: Which logistics plays should you bet on?
Both these companies trade at rich valuations given the high growth prospects in light of sector opportunities: GST, e-way bill and axle norms
BUSINESS
Berger Paints Q1 review: Strong performance across business segments
Valuations seem to factor in near term positives and offers limited upside from current levels
BUSINESS
VRL Logistics – Quarterly performance impacted by high fuel costs
The company has started technology integration in its fleet with an aim to bring in operating efficiencies.
BUSINESS
Cera Sanitaryware: Decent Q1 in a subdued market, accumulate
The management expects 15-18% revenue growth in FY19, led by double-digit growth in faucets and tiles.
BUSINESS
Dalmia Bharat Q1: Third consecutive quarter of double-digit volume growth
Dalmia Cement delivered a third consecutive quarter of double-digit volume growth and remains our preferred pick in the sector. We expect it to outperform its peers in the largecap cement space
BUSINESS
Sanghi Industries: Weak earnings visibility for the next two quarters
We feel any weakness in the stock price from current levels (due to earnings weakness or index movements) should be capitalised for long term investments as the company is the lowest cost producer
BUSINESS
TCI and TCI Express: Earnings momentum to continue
We remain optimistic on the earnings growth of both these companies and expect them to deliver strong growth over the next couple of years
BUSINESS
Pidilite Industries: Volume growth intact, margin pressures to persist
The company trades at rich valuations on account of its strong market leadership position and high brand recall.
