Fundamental Analysis (Long term)

07 Mar 2025 06:35

Nuvama Institutional on CNBC-TV18

Berger's Areas Of Strength, Rural & Central India Are Performing Well

Birla Opus Is Spending A Lot On Marketing & Advertising; Has Captured A 5-6% Market Share As Per Our Checks

Expect 3-4% Volume Growth For Asian Paints In Q4

Expect High Single-digit Volume Growth For Berger Paints In Q4

Urban Consumption To Recover From Q1FY26

Fundamental Analysis (Long term)

07 Mar 2025 04:18

Hexaware Technologies
#HEXT
#Hexaware

Good Q4CY24 in a seasonally lean qtr due to holidays falling in Dec

Strong margin expansion quarter

Rev at 3154cr vs 2616cr⏫21% YoY
Q3 at 3135cr⏫1% QoQ

EBITDA ⏫51% YoY
⏫2.3% QoQ despite being a lean quarter

OPM ⏫326bps YoY
⏫28bps QoQ

PBT at 417cr vs 240cr
Q3 at 405cr

PAT at 321cr vs 193cr⏫66% YoY
Q3 at 300cr⏫7% QoQ

CY24:
Rev at 11974cr vs 10,380cr
PBT at 1560cr vs 1268cr
PAT at 1174cr vs 998cr

1 customer has annual revenue of USD 100 million+

Added 4 customers with USD 20 million+

Top 10 customers formed 36% of revenue

Guidance for CY25:
Expects string growth in topline and bottomline to continue

Q1 and Q4 are seasonally lean qtrs
Q2 and Q3 will have best sequential performance

Q3 is a wage hike qtr

2 out of top 3 customers are undergoing consolidation
Expects some ramp up in Q2 and majorly in Q3

2 more significant deals are in progress
Ramp up expected in H2

ERP implementation cost would be reduced to zero by H2CY25

Overall, a very healthy set with good margin expansion despite Q4 being a seasonally lean qtr for the business

Post by Shreenidhi P

Fundamental Analysis (Long term)

06 Mar 2025 10:56

Samhi Hotels says
🏩 Revenue to grow 15-16% over the next 2-3 yrs
🏩 Net Debt will reduce to ₹1750 cr
🏩 Margins will stabilize at 40%+

Fundamental Analysis (Long term)

06 Mar 2025 07:26

Gensol Eng says

• Gensol Has Always Been A Profitable Company

• In The First Nine Months Of The Year, We Repaid Rs 230 Crore

• Immediate Priority Is To Protect The Company, Customers & More

• On The Issue Of Falsification Of Documents, As Far As We Are Aware, There Has Been Zero Wrong Doing

• Committed To Servicing The Debt Fully, Hope To Get Rating Upgrade In 3 Months

• BluSmart Has Been Growing 80% YoY, Not Even One Rupee Is Outstanding Here

Fundamental Analysis (Long term)

06 Mar 2025 05:54

SAMHI HOTEL Ceo Says Hotels will be a direct beneficiary as aviation capacity increases,'

Company's revenue will grow by 15-16% over next 2-3 years.

Fundamental Analysis (Long term)

06 Mar 2025 05:25

REC Says Disbursements Will Increase By 18%-20% YoY In FY25

Government Has Set 35% As The Ceiling For Us To Provide Working Capital Loans - CNBCTV18

Fundamental Analysis (Long term)

05 Mar 2025 16:09

Based on our understanding of the CDMO Industry

Generic CDMOs: Alivus Lifesciences, Windlas, Senores, Akums drugs, Innova Captab. These are those CDMOs which are doing contract manufacturing for drugs which are off patent.

Mix of Generics+Patented CDMOs: Hikal, Aarti Pharma Labs, Jubilant Pharmova, Laurus (doing more innovator work now). These are those CDMOs which do contract manufacturing for both Patented and off patent drugs in their CDMO verticals.

Patented CDMO businesses: Suven Pharma, Neuland Labs, Blue Jet, Divis Labs, Ami organics. These are those businesses which are doing manufacturing for Patented medicines in their CDMO verticals.

Contract research organisations:

Syngene
Sai life sciences (also have a CDMO business)

These organisations do research/development work for innovators.

Contract testing organisation: VIMTA Labs

These organisations do bio-equivalance testing for different generic pharma companies before they launch a new drug.

Fundamental Analysis (Long term)

03 Mar 2025 16:28

In conclusion,

1. Transrail Lighting Limited is an emerging T&D player with strong growth momentum post-IPO, higher EBITDA margins (13%+), and a robust international footprint. The company's backward integration and selective bidding strategy provide a competitive edge.

2. KEC International Limited is a well-established diversified infrastructure EPC company with a significantly larger order book and global reach. However, its lower EBITDA margins (6.6%) and working capital challenges in water and railways present risks.

3. Transrail offers higher-margin, T&D-focused growth, making it attractive for investors looking for strong profitability.

4. KEC provides diversification and stability, with upside potential from its T&D expansion and civil business.

5. Both companies are poised for growth, but Transrail’s aggressive revenue and margin expansion could yield higher returns in the short to medium term, whereas KEC’s large order book and global presence ensure long-term sustainability.

Fundamental Analysis (Long term)

03 Mar 2025 16:27

KEC International Limited

1. Revenue: ₹5,349 crore in Q3 FY25 (7% YoY growth).

2. 9M FY25 Revenue: ₹16,000 crore (9% growth).

3. EBITDA: ₹375 crore in Q3 (7% margin, 80 bps YoY increase); ₹1,056 crore for 9M (6.6% margin).

4. PAT: ₹161 crore in Q3 (32% YoY growth).

5. Order Book: ₹37,440 crore, with an L1 position of ₹4,000 crore.

6. Debt & Working Capital: ₹5,574 crore (reduced by ₹471 crore YoY); water and railway project receivables delayed, affecting collections.

Fundamental Analysis (Long term)

03 Mar 2025 16:26

KEC International Limited

1. Diversified Business Portfolio: Power T&D (59% revenue), civil, transportation (railways), cables, renewables, and oil & gas.

2. Global Presence & Expansion: Focuses on India, Saudi Arabia, and Abu Dhabi, with significant business in the Americas through SAE Towers.

3. Strategic Investments: Recently commissioned an aluminum conductor plant and is expanding manufacturing in Jabalpur.

4. Operational Efficiency: Streamlining the water and railway businesses due to high working capital requirements.

5. Renewable Energy Focus: Secured multiple solar EPC projects, including a 500 MW project in Rajasthan.

Fundamental Analysis (Long term)

03 Mar 2025 16:23

KEC International Limited

1. KEC International Limited is a diversified infrastructure EPC company with a significant presence in power T&D, railways (now rebranded as transportation), civil, cables, renewables, and oil & gas pipelines.
2. The company is a global leader in T&D, securing contracts in India, the Middle East, Africa, the Americas, CIS, and Australia.
3. KEC has expanded its manufacturing capacity in Dubai, Jaipur, and Jabalpur and has diversified into high-potential segments like elastomeric cables, e-beam cables, and aluminum conductors.
4. It also operates the SAE Towers business in Brazil and Mexico, focusing on tower supply and EPC projects.

Fundamental Analysis (Long term)

03 Mar 2025 09:09

Kaushalya Logistics Ltd ; Co. has started operations at the Darbhanga depot in Bihar for ACC and Ambuja Cement (Adani Group) under the CCFA model.

This marks its 7th CCFA location, with ACC's depot being the 9th and Ambuja's the 10th. In FY 2024-25, KLL added 21 depots, bringing its total to 95, strengthening its cement logistics network.

Fundamental Analysis (Long term)

03 Mar 2025 06:40

➡️Risks & Challenges :

🔴Potential Risks :

👉While IGIL has a stronghold, GIA remains a key competitor.

➡️New entrants could disrupt pricing & market share.

👉SEBI regulations & government policies on lab-grown diamonds could impact growth.

➡️Changes in jewelry certification standards may require operational adjustments.

👉Global recessionary trends may impact luxury spending on diamonds & jewellery.

➡️IGIL operates in multiple geographies foreign exchange risks can affect profitability.

Fundamental Analysis (Long term)

03 Mar 2025 06:40

📌Key milestones include :
👉1975 : Founded in Antwerp, Belgium.
👉1980: First to issue jewelry identification reports globally.
👉1999 : First to provide certification & accreditation services in India.
👉2005 : First to offer certification reports for lab-grown diamonds (LGDs) globally.
👉2018 : Introduced the Dcheck System to screen diamonds.
👉2020 : Expanded education services to digital platforms.
👉2021 : Established in-factory labs for LGD growers in India.
👉2024 : Listed on Indian Stock Exchanges.
👉2025 : Celebrating 50 years of operations.

Fundamental Analysis (Long term)

03 Mar 2025 06:40

📌Key Ratios :
👉Market Cap : ₹ 17,587 Crs
👉Stock P/E : 40.0
👉ROCE : 43.1 %
👉ROE : 32.5 %
👉Debt to Equity : 0.01
👉Debt : ₹ 30.7 Crs
👉Promoter Holding : 76.55%
👉FIIs: 9.1%.
👉DIIs : 5.9%.
👉Public : 8.5%.

🏢Key Institutional Investors :

➡️Government of Singapore (1.4%).
➡️Nomura Funds (0.9%).
➡️Abu Dhabi Investment Authority (0.8%).

Fundamental Analysis (Long term)

07 Mar 2025 06:20

INTERNATIONAL CONVEYORS : PROMOTER BOUGHT 0.05% ON 6 th MARCH VIA OPEN MARKET

NETLINK SOLUTIONS : PROMOTER SOLD 1.38 % ON 6 th MARCH VIA OPEN MARKET

RAIN INDUSTRIES : PROMOTER BOUGHT 0.01% ON 6 th MARCH VIA OPEN MARKET

MONOTYPE INDIA : PROMOTER SOLD 0.08% ON 6 th MARCH VIA OPEN MARKET

AGRO TECH FOODS : PROMOTER INFINITY PORTFOLIO HOLDINGS BOUGHT 0.03% ON 6 th MARCH VIA OPEN MARKET

NETLINK SOLUTIONS : PROMOTER SOLD 1.38 % ON 6 th MARCH VIA OPEN MARKET

INTERNATIONAL CONVEYORS : PROMOTER BOUGHT 0.14 % ON 6 th MARCH VIA OPEN MARKET

CREST VENTURES : PROMOTER BOUGHT 0.04% ON 6 th MARCH VIA OPEN MARKET

RASHI PERIPHERALS : PROMOTER BOUGHT 0.01% ON 6 th MARCH VIA OPEN MARKET

VEERHEALTH CARE : PROMOTER BOUGHT 0.22 % ON 6 th MARCH VIA OPEN MARKET

SOLAR ACTIVE PHARMA SCIENCES : PROMOTER BOUGHT 0.03% ON 6 th MARCH VIA OPEN MARKET

G N A AXLES : PROMOTER BOUGHT 0.01% ON 6 th MARCH VIA OPEN MARKET

CONTROL PRINT : PROMOTER BOUGHT 0.63 LKH STAKES ON 6 th MARCH VIA OPEN MARKET

VEERHEALTH CARE : PROMOTER BOUGHT 0.22 % ON 6 th MARCH VIA OPEN MARKET

GARNET INTERNATIONAL : PROMOTER BOUGHT 0.08 % ON 6 th MARCH VIA OPEN MARKET

ADOR WELDING : PROMOTER BOUGHT 0.01 % ON 6 th MARCH VIA OPEN MARKET

ARCHIT ORGANOSYS : PROMOTER BOUGHT 0.21 % ON 6 th MARCH VIA OPEN MARKET

SHAKTI PRESS : PROMOTER BOUGHT 0.01 % ON 6 th MARCH VIA OPEN MARKET

RRIL : PROMOTER BOUGHT 0.05 % ON 6 th MARCH VIA OPEN MARKET

Fundamental Analysis (Long term)

07 Mar 2025 04:01

Good Morning Friends

Fundamental Analysis (Long term)

06 Mar 2025 07:29

ADANI WILMAR MANAGEMENT ON RECENT TOPS ACQUISITION , Says Acquired Biz can do 1000 Cr revenue in 3-4 yrs from 400 Cr in FY24 - CNBCTV18

See over 300-400 Bps margin improvement from 8% currently in the acquired business

Upside for 20% equity payment Capped

Fundamental Analysis (Long term)

06 Mar 2025 07:20

Promoters buying 👍

Zee Entertainment 👉 Promoters bought 27 lakh shs, stake moves to 4.28% vs 3.99%

PVR 👉 Promoters made a small purchase.
Mr. Abneesh Roy views this positively

Earlier highlighted promoter buying- a good sign

Fundamental Analysis (Long term)

06 Mar 2025 05:44

HUDCO Says We Have Been Careful In Financing Infrastructure Projects

Government Has Set 35% As The Ceiling For Us To Provide Working Capital Loans

Will Not Compromise On Loan Mix

Fundamental Analysis (Long term)

05 Mar 2025 16:17

Recent Insider Buying Activity in Small & Midcap Stocks!

Fundamental Analysis (Long term)

04 Mar 2025 06:15

JUPITER WAGONS : JUPITER group Says Vehicles Will Start Rolling Out To Dealers This Month

Launch Of The Car Had Been In The Works For The Last Three Years - CNBCTV18

Fundamental Analysis (Long term)

03 Mar 2025 16:28

What does the growth look like going forward?
Transrail Lighting Limited

1. FY25 Revenue Growth Target: 30% YoY
2. FY26 Revenue Growth Target: 25% YoY
3. EBITDA Margin Outlook: Sustaining 12.5%+ due to backward integration and high-margin T&D orders.
4. Order Book Growth: Expected to maintain a 50:50 domestic-international mix.
5. Key Focus Areas: Expansion in solar EPC, civil infrastructure, and bullet train projects.

KEC International Limited
1. FY25 Revenue Growth Target: 12-14% (revised from 15% due to water and railway delays).
2. FY26 Revenue Growth Target: 15%+ across segments.
3. EBITDA Margin Outlook: Targeting 9-10% in FY26, driven by T&D business (already at double-digit margins).
4. Order Pipeline: Strong opportunities in India, Saudi Arabia, and Abu Dhabi, with a T&D tender pipeline of ₹50,000 crore.
5. Key Focus Areas: Scaling up renewables, expanding civil business, and optimizing working capital in water and railways.

Fundamental Analysis (Long term)

03 Mar 2025 16:26

Coming to their Financial Performance

Transrail Lighting Limited

1. Revenue: ₹1,357.56 crore in Q3 FY25 (62.13% YoY growth).

2. 9M FY25 Revenue: ₹3,361.74 crore (25.25% growth).

3. EBITDA: ₹179.80 crore in Q3 (13.24% margin); ₹438.48 crore for 9M (13.04% margin).

4. PAT: ₹93.24 crore in Q3 (91.87% YoY growth).

5. Order Book: ₹15,643 crore (49% domestic, 51% international), with an L1 position of ₹4,144 crore and the ₹2,572 crore recently won.

6. Debt & Working Capital: Maintains strong commercial payment security via letters of credit for international projects.

Fundamental Analysis (Long term)

03 Mar 2025 16:24

Let's understand their Business Model & Strategy
Transrail Lighting Limited

1. Core Business Focus: Primarily operates in the power transmission and distribution sector (85% of revenue).

2. Backward Integration: Manufacturing facilities for conductors, poles, and towers provide cost advantages over competitors.

3. Geographical Expansion: 51% of the order book is international, with a strong presence in Africa, SAARC, and Southeast Asia.

4. Capex Plans: Investing ₹327 crore over the next 18-24 months to expand existing plants and set up a new tower manufacturing unit.

5. Diversification Strategy: Entering the solar EPC segment and targeting government infrastructure projects like India's bullet train project.

Fundamental Analysis (Long term)

03 Mar 2025 16:22

Transrail Lighting v/s KEC International - A complete breakdown of what they do and what their future looks like along with the analysis of their Q3FY25 results.

Transrail Lighting Limited
1. Transrail Lighting Limited is an Indian Engineering, Procurement, and Construction (EPC) company with over 41 years of expertise in power transmission and distribution (T&D).
2. It operates across multiple verticals, including T&D, civil construction, poles and lighting, and railways.
3. The company has a global footprint in 58 countries and specializes in integrated manufacturing facilities, including lattice structures, monopoles, and conductors.
4. Transrail recently went public, raising ₹400 crore through an IPO to fund working capital and capex expansion.

Fundamental Analysis (Long term)

03 Mar 2025 06:40

📌Conclusion :

➡️IGIL is a market leader in diamond certification, with strong financials & growth potential.

👉Expanding global presence, tech investments & industry tailwinds make it a strong long-term investment.

➡️Risks exist in competition, regulations & macroeconomic factors, but the company’s leadership & strategy can compensate these concerns.

Fundamental Analysis (Long term)

03 Mar 2025 06:40

📌Industry Analysis & Growth Opportunities :

➡️Global Market Trends :
💎Diamond Jewelry Market :

👉Expected to grow from $100 billion to $140 billion (40% increase).

▶️95% of all polished diamonds globally come from India.

🔶India’s diamond jewellery market is expected to grow from $10 billion to $25 billion by CY28 @ 20% CAGR

💎India holds 60-70% market share in global diamond certification.

👉Lab-Grown Diamond (LGD) Market Growth :

➡️LGD production has increased from 3 million carats (2019) to 15 million carats (2023E).

🔶Projected to grow to 27-29 million carats by 2028.

▶️IGIL leads this segment with 65% of global LGD certifications.

Fundamental Analysis (Long term)

03 Mar 2025 06:40

📌Financial Performance (CY24 Consolidated) :

👉Revenue : INR 10,532 million (+17% YoY growth).
👉EBITDA : INR 5,997 million (+21% YoY).
👉PAT (Profit After Tax) : INR 4,273 million (+29% YoY).
👉EBITDA Margin : 57%
👉PAT Margin : 41%

📌Competitive Advantage :

➡️Pioneer in lab-grown diamond certification.
➡️ISO 17025 Certified Labs & Proprietary Technology.
➡️Trusted by leading luxury brands globally.

Fundamental Analysis (Long term)

03 Mar 2025 06:40

📌Global Presence :

➡️Operations across 10 countries, 31 labs & 18 gemology schools.

👉Serves 7,500+ customers, including 9 of the top 10 jewelry chains in India.