Drive into the world of flavor and excellence with Ajanta Soya Limited (ASL), a trailblazer in the realms of Edible Oil, Vanaspati Ghee, and Bakery Fat.
With a legacy spanning over three decades, ASL has been delighting taste buds and spreading happiness since its inception on January 13, 1992, under the Companies Act, 1956.
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Coromandel International says
🎯 EBITDA/tn of Rs.4500-Rs.5000/tn
🎯 Value added products at 40% vs 35% (yoy)
EARNINGS
Good-Dixon Tech, Nippon Life, Cyient, Coromandel
Mixed-ITC, Castrol, Oracle
Inline-GCPL, United Breweries, DCB Bank, PNB Housing Finance, GMR Airports
Weak-IndusInd Bank, NTPC, JSW Energy, Petronet LNG, MGL, Glenmark, Finolex Industries
MAS FINANCIALS
Maintains 20-25% AUM growth guidance
GNPAs to remain b/w 2.25-2.5%
Target RoA b/w 2.85-3%
Will hold NIMs above 7%
Arihant's Diwali Picks 2024
AGI Greenpac - 93% UPSIDE
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Styrenix Performance Materials - 22% UPSIDE
Alicon Castalloy - 31% UPSIDE
Laxmi Organics Industries - 78% UPSIDE
Saregama India - 24% UPSIDE
Sheela Foam - 208% UPSIDE
Mahindra and Mahindra - 15% UPSIDE
Sunteck Realty - 62% UPSIDE
Mahindra Lifespace Developers - 51% UPSIDE
Protean eGov Technologies - 56% UPSIDE
HDFC Bank - 17% UPSIDE
Piramal Enterprise - 138% UPSIDE
Hyundai Motor India - 27% UPSIDE
Dalmia Bharat - 33% UPSIDE
Bajaj Finserv yesterday stated that Allianz SE is looking to exit its life & general insurance JV
Allianz SE holds 26% stake in both Bajaj Allianz General Insurance & Life Insurance
If Bajaj Finserve or anyother buyer explored uying out the stake, how much would one have to shell out?
How Allianz SE's stake in Bajaj Finserv insurance JVs worth?
BAJAJ ALLIANZ GENERAL INSURANCE
Total shares: 11.02 cr shares
Bajaj Finserv owns 8.15 cr shares
Allianz SE owns 2.86 cr shares
At 6X Price/Book Value, Bajaj Allianz General Insurance could be valued at ~Rs 65,000 cr
Accordingly, Allianz SE's 26% stake in Bajaj Allianz General could be worth Rs 17,000 Cr
BAJAJ ALLIANZ LIFE INSURANCE
FY23 Embedded Value at Rs 18,584 cr
At 2X Price/Embedded Value Bajaj Allianz Life Insurance could be valued At ~Rs 37,000 Cr
Allianz SE's 26% stake in Bajaj Allianz Life could be worth ~Rs 10,000 Cr
Total Value Of Allianz SE's 26% stake in Bajaj Allianz Life & General Insurance could be worth ~Rs 27,000 Cr
#KPITTech Guidance
Reiterate FY25 Revenue Growth & Profitability Outlook For The Entire Year
FY25 Revenue Growth Guidance Is In The Range Of 18-22%
FY25 EBITDA Margin Guidance Is 20.5%
RAJRATAN GLOBAL
Target 1.2 Lk tons in volumes this year, vs 1.25 Lk earlier
FY25 Revenue seen around 1000 Cr vs 1100 Cr earlier
Full year Cons Margins seen b/w 15-16%
Thailand Market Share at 30% vs 26% in FY24
Market share in India at 42% vs 37%
SAHASARA ELECTRONICS still looks good for long term
Available at attractive level
Cmp: 718
✍️3M India Ltd:
Co. supports the National Green Hydrogen Mission, focusing on domestic electrolyzer manufacturing and green hydrogen production.
🔸M Cap: ₹38,149 Cr
🔸CMP: ₹33,850
🔸P/E: 67.4
🔸3 Years Sales Growth: 17.5%
✍️Larsen & Toubro Ltd:
Co. secured its first green hydrogen project with a private client to establish an electrolyzer unit.
🔸M Cap: ₹4,93,362 Cr
🔸CMP: ₹3,588
🔸P/E: 37.1
🔸3 Years Sales Growth: 17.6%
✍️Inox Green Energy Services Ltd:
Co. provides fluoropolymer solutions for solar and green hydrogen, including membranes for electrolyzers and fuel cells.
🔸M Cap: ₹6,593 Cr
🔸CMP: ₹181
🔸P/E: 249
🔸3 Years Sales Growth: 9.19%
AJANTA SOYA LTD
CMP: 42.4
MARKET CAP : 342 CR
RR Kabel gives us guidance
🎯 FY25 Volume growth revised to 15% vs 20% earlier
🎯 EBIT margin for W&C at 8-8.5%
👍 FMEG segment will be margin positive by Q1FY26
DixonTech expects FY25 revenue to be much higher than the guidance, expects rev to be close to ₹40,000 cr against the guided range of ₹30,000-32,000 cr.
The co also sees margin rising to the levels around 4.5% in next 18 months from current level of 3.7%
AU SMALL FINANCE
H1 slippages are seasonal
Expect ROA of 1.6% in FY25 & 1.7% in FY26
Won't compromise on Asset Quality for Growth
90% of the book is secured
Not growing microfinance business, as there are challenges there
Dr. Lal PathLabs say
👨⚕️ Will perform better in FY 25 vs FY24
🧑⚕️ Expect margin to be at ~27% levels for FY25
Sona BLW Precision
To acquire Escorts Kubota’s Railway division for Rs.1600Cr
Deal valued at ~9x EV/EBITDA on FY24 basis
Acquisition should be EPS-accretive from the first year
EARNINGS
Good-Sona BLW, Thyrocare, Piramal Pharma, Aster DM, MAS Financial Services
Inline-Pidilite Industries, Piramal Enterprises , United Spirits, Karnataka Bank,, IIFL Finance, DR Lal Pathlabs
Weak-HUL, Nuvoco Vistas, Birlasoft, Navin Fluorine, AU Small Finance Bank
Persistent Systems says
💪 Orderbooking and pipeline looks solid, bodes well for H2
🎯Aspiration is grow margins by 200-300 bps over 2-3 yrs
Q2 EARNINGS
Good-Persistent Systems, Zensar Tech, Can Fin Homes, Coforge, Choice International, IIFL Securities
Inline-Indus Towers, ICICI Pru Life, GMDC
Mixed-Zomato, Bajaj Finance, Max Financial Services
Weak-M&M Finance, Huhtamaki
GRAVITA INDIA
Targets 23-27% volume growth this year
Expects 100 bps margin improvement over the next 3 years
ROCE to remain above 20%
Working capital days to come down to 65-70 days
Margins to improve as mix changes
Volumes +23%-27% in FY25
CYIENT DLM CONCALL
Expects Improvement in Order Book From 2nd Half Of Fy25
EBITDA Expected To Remain Flat For This Year
Organic Revenue growth of 30 % CAGR
✍️Gujarat Narmada Valley Fertilizers & Chemicals Ltd:
Co. is currently is working on a 10 MW electrolyzer-based green hydrogen project.
🔸M Cap: ₹9,289 Cr
🔸CMP: ₹632
🔸P/E: 18.1
🔸3 Years Sales Growth: 15.6%
✍️Tamil Nadu Petro Products Ltd:
Co. plans to upgrade to Bipolar membrane technology for caustic soda production with a new 250 TPD Cell House and electrolyzer, costing ₹165 crore.
🔸M Cap: ₹764 Cr
🔸CMP: ₹84.9
🔸P/E: 13.6
🔸3 Years Sales Growth: 13.4%
✍️Adani Enterprises Ltd:
Adani Enterprises' subsidiary secured a contract to build electrolyzer capacity under the green hydrogen PLI scheme.
🔸M Cap: ₹3,42,630 Cr
🔸CMP: ₹2,969
🔸P/E: 82.4
🔸3 Years Sales Growth: 34.6%
✍️ABB India Ltd:
Co. offerings include switchgears, battery storage, motors, drivetrain packages, electrolyzers, and automation systems.
🔸M Cap: ₹1,80,038 Cr
🔸CMP: ₹8,496
🔸P/E: 112
🔸3 Years Sales Growth: 21.5%
