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%
✍️Gensol Engineering Ltd:
Co. is building green hydrogen infrastructure and an electrolyzer plant, and secured India’s first Green Hydrogen Valley project in Pune in September 2024.
🔸M Cap: ₹3,075 Cr
🔸CMP: ₹812
🔸P/E: 52.8
🔸3 Years Sales Growth: 147%
✍️Thermax Ltd:
Co. plans to set up an electrolyzer facility under the green hydrogen PLI scheme.
🔸M Cap: ₹61,429 Cr
🔸CMP: ₹5,155
🔸P/E: 103
🔸3 Years Sales Growth: 24.8%
✍️Oriana Power Ltd:
Co. announces a Gigafactory for electrolyzers and BOP modules to produce green hydrogen and e-fuels at a gigawatt scale.
🔸M Cap: ₹3,959 Cr
🔸CMP: ₹2,064
🔸P/E: 73.0
🔸3 Years Sales Growth: 125%
📌Discover the Top picks of High growth low PE companies in the Smallcap / Microcap / SME segment
Companies covered based on FY25 (E) valuations in Set 10:
🔹Tejas Networks
🔹Chavda Infra
🔹AVP infra
🔹Shivalic Power
Hindustan Zinc says
Prices👉 Zinc around 3000$ while Silver around 31-32$
🎯 Volumes will pick up in H2FY25 & we are confident of achieving guidance
🤔Believes GOI OFS is likely to happen
#PriyaAH_Vedanta #AnilAgarwal_Ved #Vedanta_Group
Flavors & Fragrances Industry
Listed Players🔽
src ~ PPFAS
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%
✍️Onward Technologies Ltd:
Co. focuses on Mechanical Engineering Design and IT services, including off-highway product and electrolyzer development.
🔸M Cap: ₹837 Cr
🔸CMP: ₹370
🔸P/E: 34.7
🔸3 Years Sales Growth: 25.3%
✍️Advait Infratech Ltd:
Co. manufactures and assembles fuel cells and electrolyzers.
🔸M Cap: ₹1,873 Cr
🔸CMP: ₹1,734
🔸P/E: 72.6
🔸3 Years Sales Growth: 47.0%
India's Hydrogen Electrolyzer Market to reach $78B by 2050, with 16% CAGR
12 Hydrogen Proxy Companies that may benefit from this 👇
Indiamart says
🤞 Optimistic on better paid subscriber addition in H2 vs H1
👍 Expects double digit collection growth in H2FY25
🤩 Standalone Margins will be maintained at 33%
🎯 Expect BUSY infotech will grow by 20-25%
Netweb Technologies India says
FY25 Guidance
🎯 35-40% revenue growth with stable margins
❌ Promoter unlikely to sell more stake
🤔 Don’t see AI revenue crossing 20% vs current 15%
#StockMarket #Nifty
क्या सस्ता क्या महंगा ?
Chemicals PE: Sector PE 45x
1) Deepak Fert: 24x
2) Galaxy Surfactants: 34x
3) Rossari Bio: 35x
4) Balaji Amine: 36x
5) Aarti Ind: 39x
6) PI Ind: 40x
7) Fine Organics: 44x
8) Tata Chem: 45x
9) Deepak Nitrite: 48x
10) SRF: 56x
11) Vinati Org: 59x
12) Sudarshan Chem: 60x
13) Laxmi Organics: 66x
14) Clean Science: 68x
15) Atul: 69x
16) Navin Fluoro: 77x
17) Alkyl Amine: 77x
18) Anupam Rasayan: 85x
19) Neogen Chem: 144x
20) Gujarat Fluoro: 151x
21) Chemplast Sanmar: NA
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