Publisher : edelweiss.in


Lumax Industries (Lumax) is the market leader in the domestic automotive lighting industry with dominant ~55% share in domestic passenger vehicles (PV) and ~37% share in two wheelers (2W).
June 19, 2019, 11:48 a.m.
Publisher: edelweiss.in

Motherson Sumi Systems Ltd (MSSL) had a challenging Q4FY19. Although 11% yoy growth in the topline to INR 17169 cr in Q4FY19 was encouraging, delays in ramp up of new SMP facilities and additional cost incurred impacted the overall performance as EBITDA was down 17% yoy and PAT was down 43% yoy.
June 17, 2019, 11:48 a.m.
Publisher: edelweiss.in

BHFC is the flagship company of Kalyani Group. It is one of the largest commercial forging companies in the world in terms of capacity and revenue, with presence in auto as well as non-auto component sectors with wide domain knowledge in design and engineering.
May 27, 2019, 1:21 p.m.
Publisher: edelweiss.in

Sobha Ltd. reported its Q4FY19 and results. The company recorded pre-sales volume of 1.1msf, up 11% YoY (up 24% QoQ), while on value basis pre-sales stood at INR 712cr, up 8% YoY (up 19% QoQ) in Q4FY19.
May 21, 2019, 12:45 p.m.
Publisher: edelweiss.in


Balaji Amines Ltd’s (BAL) Q4FY19 results were mostly in-line with our estimates. Revenue for the quarter came in at INR 235 crore, which was 9% lower on an y-o-y basis and ~7% below our estimates.
May 21, 2019, 12:45 p.m.
Publisher: edelweiss.in

After 5 quarters of good results, ABFRL has reported a poor quarter. Revenues grew 9% to INR 1915 Cr and were broadly in line with estimates. However EBITDA witnessed a big disappoinment at INR 125 Cr vs. estimates of ~INR 170 Cr, primarily driven by a poor performance from Pantaloons.
May 16, 2019, 3:12 p.m.
Publisher: edelweiss.in

SRF Ltd (SRF) posted a strong set of numbers in Q4FY19, particularly in their Chemicals Business (CB). Sales for the quarter was at INR 2,072 crore, higher by ~29% when compared to Q4FY18 sales and exceeded our estimates by ~5%.
May 15, 2019, 3:12 p.m.
Publisher: edelweiss.in

We maintain our Buy rating on the company; valuing it at 17.5x FY21 to arrive at our price target of INR 350.
May 14, 2019, 3:12 p.m.
Publisher: edelweiss.in

The 64% sequential growth in the EBITDA of DEN’s base business for the quarter was a result of the strong performance of the Performance Products segment.
May 13, 2019, 3:13 p.m.
Publisher: edelweiss.in

Shriram Transport Finance Company Ltd. (SHTF) reported 3% YoY growth in net interest income to INR 19.1bn aided by 9% YoY growth in AUM to INR 1,045bn. However, net interest margin (NIM) during the quarter decreased by 88bps to 7.1%.
May 9, 2019, 11:36 a.m.
Publisher: edelweiss.in