The company has announced its medium-term growth plan (next five years) aiming at addition of 2 lac tones capacity (Rs 1,000 crore investment) in the carbon black business.
Though valuations of the home textile stocks appear undemanding, investors may consider going long on Himatsingka Seide and Trident given their ability to tackle headwinds better than their peers, good fundamentals, and strong execution competencies.
The issue is primarily to comply with the RBI’s new bank licensing norms that require the entity to get listed within three years of start of banking operations.
The company's legacy capacity is utilized optimally (150 MT), however, utilization of new capacity (300 MT) would depend on the trial runs and customer approvals of new grade of film. Management expects streamlining on new capacity by the end of FY18, with incremental utilization FY19 onwards.
Stock is trading at an attractive valuations 5.5 times its FY19 estimated enterprise value to EBITDA and 1.5 times its book value
Maharashtra has a lopsided allocation of resources that favors certain crops and orphans others, which further aggravates the issue of farmers' incomes.
While Future Retail and V2 Retail may be considered for a medium to long-term investment perspective, accumulation on further corrections is advisable for the rest.
Amid the turmoil in the banking sector, small & niche financiers such as AU Small Finance and MAS Financial with a strong track record grabbed our attention.
According to market research company IMARC, ENA market in India has been growing at CAGR (2010-17) of 6% with the current production volume capacity at 3 billion litres (2017).
Recent announcements of Vidhi Specialty acquiring Arjun Food Colorants and the increase of promoter’s shareholding in Dynemic Products point towards increasing promoter’s confidence in the sector and makes it an interesting investment space to look at.
Both equity and bond markets are jittery with banks fraud expanding and banks hitting the brakes. Strong and visible action is the only way out of the current mess.
Most of the companies witnessed strong growth in the topline and expansion in operating margin mirroring the performance of various OEMs
The government is proposing to cut the price of the BT cotton seeds (Bollgard II) from Rs 800 to Rs 740 per packet (450gm packets). While the move would provide some respite to cotton farmers, it stands to eat away margins of seed companies.
A few well run companies have struggled in the recent past, but their latest quarterly numbers show signs of improvement.
We expect Thirumalai Chemicals' near term volume growth to come from increased capacity for food acids, fine chemicals, the improved operations from Malaysian subsidiary, followed by increased capacity for Phthalic Anhydride (+60,000 MT in 2019).
As the mercury rises, some companies can look forward to strong earnings traction in the quarters ahead.
Iron & Steel and Aluminum exports to the US constitute only 0.29% of India’s total exports.
With the impetus on rural economy in an election year and continued focus on infrastructure in select pockets, CV and tractor segments should have a strong run going forward.
The reason why buyers are interested in Jaypee Infratech is because of the Yamuna Expressway, which is generating toll revenues of Rs 293 crore annually.
The IT sector, which has been struggling to find its footing seems to be getting its game plan in place.
Today, there is an increasing realisation that most state-run banks do not have the requisite skills for complex credit underwriting.
Raw material prices have surged recently mainly on account of global supply chain constraints for MDI in 2017. In the current year, however, raw material prices can stabilize due to improving supply and the expectations that oil prices would settle at current level.
Inroads made by organised retailers across India, simplification of logistics, and growing preference for branded innerwear are some of the key tailwinds in the long-run.
With an operationally diverse yet synergistic verticals, the company has consistently generated strong returns over the past years which is expected to continue in coming quarters. Given the company’s exposure to the Agri and animal husbandry sectors which were at the core of budgetary allocations and development objectives, the company is positioned to benefit.
In light of recent events in the banking sector, is it time yet to go bottom fishing or should one still exercise caution?