Category: Analyst Meet Notes

We share our detailed takeaways below. We marginally revise our estimates upward for FY20/FY21 and retain Buy rating, revising upward our target price to Rs154 (from Rs141 earlier), valuing the stock at 2.0x FY21E (2.4x FY20E) P/BV.
April 15, 2019, 12:13 p.m.

SIEM is transforming itself into a complete digital/automation solution provider from Product/Project Company.
April 9, 2019, 11:50 a.m.

L&T Finance Holdings (LTFH) organized an analyst visit to Noida with special focus on the key projects of Supertech that the former has funded. We visited two of the three projects funded by LTFH.
April 9, 2019, 11:32 a.m.

At the hotel sector conference held by us recently, the management of Indian Hotels Company(IHCL) reiterated its strategic focus on increasing EBITDA margin (FY18-23E) by 8% through a mix of: 1) RevPar growth.
April 8, 2019, noon

In early 2019, sales volumes were down to 2.1-2.2mmscmd, but the closure of coal gasifiers has boosted current sales volumes to 3mmscmd at Morbi.
April 5, 2019, 10:35 a.m.

We recently attended the analyst meet of Subros Ltd in Delhi. Apart from its core Car AC business, the Company plans to pursue aggressive growth in Non Car AC segments like Truck Cabin AC, Radiator supply to Maruti, Railway AC’s and Refer AC.
March 28, 2019, 10:34 a.m.

Our recent plant visit to Subros at Manesar reinforces our confidence in the company, as its MD, Ms. Shradha Suri Marwah elaborated on the progress and growth potential of Subros’ different businesses, key organizational changes and several other initiatives.
March 27, 2019, 11:08 a.m.

We attended the INFOE analyst meet held on 22nd March, 2019 in Mumbai. Based on interaction with the management, we remain constructive about the company, given strong brand recall value and strong competitive position it enjoys in the recruitment business.
March 27, 2019, 10:34 a.m.

The management admitted that, in the past, they have been late in terms of developing a full suite of financial services subsidiaries. The subsidiaries need to be scaled up to be made more profitable.
March 25, 2019, 5:31 p.m.

We attended Info-Edge’s (INFOE) Analyst Meet, where the company discussed each of its business and answered questions regarding the same.
March 22, 2019, 10:45 a.m.