The Hem Group (www.hemonline.com) is one of the leading broking Network in India. It provides trading platform in all the leading exchanges namely - BSE, NSE, MCX , NCDEX & MCX-SX. Their mission is to build wealth for their investors by offering them best financial services through trading & investment strategies and honoring commitment with ethical & transparent business practices.
Co is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.
The co is bringing the issue at p/e multiple of approx. 29 on FY18 eps at price band of Rs 965-967/share. Co has strong competitive position in attractive growing markets has long-standing customer relationship with low cost, strategically located manufacturing and design footprint.
The co is bringing the issue at p/e multiple of approx. 11 on annualized 9MFY18 eps at price band of Rs 180-185/share. Co being the preferred consultancy organization agency of the Government of India including the Indian Railways has healthy order book with strong and diversified clientele base across sectors. Looking after valuations we find issue to be reasonably priced.
The co is bringing the issue at p/e multiple of approx. 30 on annualized 9MFY18 eps at price band of Rs 780-783/share.
Co is bringing the issue at p/b multiple of 3.58 on 9MFY18 book value of Rs 15.66/share. Although co is leading mid-priced hotel chain with a differentiated business model & has strategically positioned in key geographical areas but, as company was loss making since FY’15 & has turned around only in 9MFY18, hence limited track record of profit making doesn’t instill confidence in company at present level. Hence, we recommend “Avoid” on issue.
Being the largest equity broker in India, the Co. has strong and growing distribution business with an “OpenSource” Distribution & a leading institutional platform. We recommend “Subscribe” on issue.
Although co has most advanced and unique facilities & capability to manufacture wide range of advanced product but weak order book size of Rs 517 Cr against strong topline in FY16 & FY17 doesn’t infuse optimisim in company. Hence, we recommend “Avoid” on issue.
Co is the leader in the two-wheeler locking systems market, and the commercial vehicle rear view market in India, and is one of the two largest companies catering to the commercial vehicle locking systems market, and the two wheeler rear view market in India.Looking after strong fundamentals of company, we recommend “Subscribe” to issue.
The company is bringing the issue at p/e multiple of 15.4-15.8 on FY17 eps at price band of Rs 1215-1240/share. It enjoys leadership position in the Indian Aeronautical industry coupled with robust order book.
Company is bringing the issue at price band of Rs 263-270/sh at p/e ratio of 30. Co being established roads and highways sector focused construction developer with efficient business model has healthy order book which provides strong revenue visibility in future. Hence we recommend “Subscribe” on issue.