Coromandel will invest Rs 150 crore through fresh issue of shares to increase its overall shareholding in Dhaksha to 58% .
Emerging business segments hold good potential and are likely to be value-accretive.
Emerging business segments hold good potential and are likely to be value accretive
Paytm has plummeted 75% from its highs but is the pessimism overdone? CJ believes so but Santo has little faith in any reversal of fortune. Watch as the duo lock horns over the fintech major's prospects plus share their thoughts on Coromandel, Kirloskar Ferrous and Royal Orchid Hotel.
Nifty has made a sharp rebound after Monday's sell-off but doubts remains over its sustenance. CJ believes that risk appetite is reviving in the market but Santo disagrees. Watch the duo discuss the market's next move and stocks like M&M Financial, Angel One and Coromandel.
The startup - Dhaksha Unmanned Systems Private Limited plans to use this funding for talent acquisition, R&D and production scale-up.
PPL’s EV/EBITDA multiple of 5.6x is at a significant discount to its closest peer, Coromandel International, and closer to GSFC, which trails PPL in terms of return ratios by a margin.
An improved product mix is a positive for Coromandel International's margins in the longer term
Healthy reservoir levels coupled with the forecast of a normal north-east monsoon bodes well for the upcoming Rabi season. With major exposure in the southern states, we believe this would work in favour of a healthy second half for the company.
While Coromandel International was able to expand operating margin by almost 120 bps on the back of price hikes, the same for Sharda Cropchem contracted 270 bps due to supply disruptions from China for yet another quarter.
The stock is currently trading at 9.9 times/5.5 times estimated earnings for FY19 & FY20 respectively and at an enterprise value of 4 times estimated EBITDA for FY20, This is at a discount to the current valuation multiples for the non-ferrous sector.
The fertiliser and nutrient segment saw a healthy 2.4 percent uptick in the margins.
The focused budgetary measures directed at rural India aim to realize the 2022 goal and give the desired push in an election year –thereby killing two birds in one shot.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy MRF with a target of Rs 70300.
Prabhudas Lilladher has come out with its report on fertiliser sector. The research firm expects urea demand to remain steady, complex fertiliser sales continues to remain under pressure due to wide differential in urea v/s complex fertiliser prices and huge inventory in system.
Emkay Global Financial Services has come out with its report on agri inputs and chemical. The research firm says remain cautiously optimistic on the outlook for agri-input companies. Tata Chemicals and Deepak Fertiliser remain top picks due to attractive valuations.
Emkay Global Financial Services has come with its June quarterly earning estimates for agri input and chemicals sector. The research firm expects topline de-growth of 4% yoy and APAT de-growth of 15% yoy for Q1FY13.
Despite the downsides a shortfall in monsoon brings to the economy, especially the agriculture sector, Prabhudas Lilladher is bullish on agri companies.
Coromandel International expects healthy demand and consequently good volumes in the coming season. In an interview with CNBC-TV18, Kapil Mehan, MD of Coromandel International said that the company has entered a contract for phosphoric acid valued at $850. The company also expects to improve production levels by 30-40%, added Mehan.