Mindtree’s (MTCL) has given guidance of a sharp deceleration in revenue growth from 18% in US dollar in FY19 to a low-teen level in FY20. This may lead to a downward revision by part of the street which was expecting a mid-teen kind of number (we had been in the high single-digit camp).
Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 39.56 and Rs. 46.76 respectively. Net sales and Operating profit of the company are expected to grow at a CAGR of 14% and 9% over 2017 to 2020E respectively.
Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 32.37 and Rs. 35.60 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 12% and 11% over 2017 to 2020E respectively.
Wipro has delivered a below par revenue performance in 4QFY19. While its CC revenue rose 1% QoQ (vs. our estimate 1.9% QoQ), USD revenue rose 1.4% QoQ to US$2.076bn vs. our estimate US$2.087bn.
It has total loan book size ₹161 bn, consolidated balance sheet size of ₹244 bn, asset management AUMs of ₹114 bn, wealth management AUMs of ₹427 bn, PE & RE AUMs of ₹6.4 bn and ₹1.6 bn respectvely, ARC AUMs of ₹142 bn as on Q3FY19.
We attended the conference-call of Dixon Technologies (India) or Dixon to discuss the recent acquisition of its partner’s 50% stake in Padget Electronics Pvt Ltd, a joint venture (JV) company.
Minda Industries Ltd (MIL) is among the top five auto component companies in India having a wide basket of products ranging from castings, alloy wheels, switches, horns, sensors, to automobile lightings and infotainment.
IndoStar Capital Finance (INDOSTAR) commenced operations in 2011 with a significant capital commitment (INR9b) by the promoter, Everstone Capital. The company started out as a wholesale lender, and over time utilized the profits from this segment to build new businesses – SME, housing and vehicle finance.
