Stocks Picker Articles

05 Mar 2025 04:43

Coforge Approves Stock split

To divide one share of Face value of Rs 10 each to Five shares of Face value of Rs 2 each

Subsidiary Coforge INC has agreed to enter into a stock purchase agreement with Rythmos Inco acquire all of the outstanding shares of capital stock of Rythmos Inc for an initial upfront purchase consideration of $ 30.0 million

Subsidiary Coforge Technologies Australia Pty Ltd, has agreed to enter into a share sale agreement with TMLabs Pty Ltd an initial upfront purchase consideration of AUD 20 million

Stocks Picker Articles

05 Mar 2025 04:34

*Forthcoming Event*

05th March: BEL to consider Dividend; JHS Svendgaard Retail Ventures, LIC Housing Finance, Unison Metals to consider Fund Raising; Visagar Polytex to consider Scheme of Arrangement

06th March: ACCELERATE to consider Dividend; Capacit'e Infraprojects to consider Fund Raising

07th March: BRISK, GRINFRA, SUNTV to consider Dividend; Chrome Silicon to consider Scheme of Arrangement; AU Small Finance Bank, Iris Clothings, Bohra Industries, Emkay Global Financial Services to consider Fund Raising; Navkar Urbanstructure to consider Bonus issue & Stock Split

10th March: AGIIL, HUDCO to consider Dividend

Stocks Picker Articles

05 Mar 2025 04:02

*Indian Equities Pre Open Update*


Indian equities expected to open with flat note with the focus on the global volatility.

*Global Peers Update:* Asian markets have opened in the green zone amid the hopes of series of measures from China during the annual conclave. U.S. stock index futures are in the green zone after Commerce Secretary Howard Lutnick hinted that President Donald Trump could enter negotiations with Mexico and Canada, just a day after imposing substantial tariffs on imports from both neighboring nations.

*Sectors to Watch:* Consumer Durables and Oil downstream stocks expected to remain on focus during the day.

*GIFT NIFTY Price* 22116.0 *Adjusted Change:* -75.0 Points, Percent Change: -0.34%

Stocks Picker Articles

05 Mar 2025 03:30

*Stocks in Action*

*Interglobe Aviation Ltd* : The main business of the Company includes air transportation which involves passenger and cargo operations and allied related services such as in-flight sales. The Company operates its flight operations under the brand name IndiGo. It mainly deals in India's domestic air travel market as a low-cost airline. IndiGo has posted a strong financial result for Q3 FY25 on the back of strong air travel demand, sustained growth, and lower fuel prices. The airline posted a net profit of Rs 3,850 crores (without forex impact), a 26.1% YoY growth, and net profit with forex impact was Rs 2,450 crores. EBITDA increased to Rs 6,060 crores (+10.7% YoY). Total income for the quarter increased 14.6% YoY to Rs 22990 crores, with revenue from operations growing 13.7% YoY to Rs 22110 crores. Passenger ticket revenue rose 12.3% YoY to Rs 19,270 crores, while ancillary revenue grew 22.3% YoY to Rs 2,150 crores. Operationally, IndiGo increased its ASK capacity by 12.0% to 4,080 billion, and passenger traffic grew 12.7% to 3.11 crores. The load factor was up at 86.9% (+1.2 pts YoY), and unit passenger revenue (PRASK) grew 0.3% to Rs 4.72. The company flew a fleet of 437 aircraft, introducing 27 new planes in the quarter, and flying a high of 2,200 flights per day. IndiGo operated 89 domestic and 34 international cities. Its on-time performance in critical metros was at 73.3%, and technical dispatch reliability of 99.89%.Going forward , IndiGo projects its ASK capacity to expand by 20% YoY during Q4 FY25 as it further pursues expansion plans. *Positive view on Interglobe Aviation Ltd due to firm fundamentals and business performance of the company.*

*Voltas Ltd* : Voltas in the business of air conditioning, refrigeration, electromechanical projects both in domestic and international geographies (Middle East) and engineering product services for mining, construction equipment’s and textile industry. The company reported healthy results for the quarter ended Q3FY25 with consolidated net profit of Rs 130.76 crore against a net loss of Rs 27.6 cr YoY. revenue rose 17.9 %to Rs 3,164.16 crore. Total Income grew by 18% YoY, reaching Rs 3,164 crore. For the nine months ending December 2024, the unitary cooling products segment saw 42% volume growth, with a market share of 20.5% in both split and window air-conditioners. For Q3 FY25, the segment revenue grew by 20% to Rs 1,771 crore. Voltbek Home Appliances, Voltas’ joint venture, also showed robust performance with a 56% YoY volume growth in the nine months 9MFY25 , and a notable increase in market share, especially in the refrigerator and washing machine categories. The electro-mechanical projects and services segment, encompassing both domestic and international projects businesses, grew 17% YoY during the quarter, with revenue at Rs 1,190 crore and a positive segment result of Rs 57 crore, reversing a loss of Rs 120 crore in Q3 FY24. *Positive view on Voltas Ltd due to firm fundamentals and business performance of the company.*

Stocks Picker Articles

05 Mar 2025 02:56

*Pentagon Rubber:* Company appointed Mrs. Priyanka Sharma as Company Secretary, Compliance Officer, and Key Managerial Personnel effective March 04, 2025. (Neutral)

*Suryoday Small Finance:* Bank announced the resignation of Mr. Himanshu Mishra, Chief Business Officer, and effective April 15, 2025. (Neutral)

*Ambuja Cements:* CCI clears Company' acquisition of Orient Cement. (Neutral)

*MEP Infrastructure:* Company announced the resignation of its Company Secretary & Compliance Officer, Mr. Vikram Mukadam (Neutral)

*Hinduja Global Solutions:* CRISIL has downgraded Company's credit rating. Downgraded from CRISIL A+/Stable to Crisil A/Stable. (Negative)

*Ola Electric Mobility:* Company received a letter from IFCI Ltd regarding a milestone not being met in the PLI ACC scheme. The company is working with relevant authorities to respond. (Negative)

Stocks Picker Articles

04 Mar 2025 17:46

INSIDER TRADES

-Rain Industries
Promoter Bought 14000 shares

-THIRUMALAI CHEMICALS
Promoter Bought 0.01%

-NCL IND
Director Bought 0.01%

-W.S.IND
Promoter Bought 0.03%

-ALKYL AMINES
Promoter Bought 0.01%

-TGV Sraac
Promoter Bought 0.02%

Stocks Picker Articles

04 Mar 2025 17:11

India through to the finals of the Champions Trophy, thanks to the wonderful innings by the chase master Virat Kohli 🏏!

Stocks Picker Articles

04 Mar 2025 15:24

PIRAMAL ENT ; On March 3, 2025, the Company's Promoter Group bought 2,40,000 shares (0.11% stake), raising its shareholding from 46.30% to 46.41%.

Stocks Picker Articles

04 Mar 2025 15:10

PROMOTER BUYING 🕯✔️💎

AGRO TECH FOODS - 25636
BCL Industries - 156825
Best Agrolife - 39979
Dee Development Engineers - 24021
Godrej Properties - 130000
JINDAL DRILLING - 23708
LA OPALA RG - 51000
NCC - 4000
SESHASAYEE PAPER - 10000
SHAKTI PUMPS - 5000
Sobha - 20000
T D POWER SYSTEMS - 15100
USHA MARTIN - 10000

Stocks Picker Articles

04 Mar 2025 14:45

GRASIM INDUSTRIES LTD ; Commencement of commercial production of Birla Opus Paints plant at Mahad (Maharashtra) Today.

With the commencement of commercial production at Mahad plant , 5 out of total 6 green-field plants have commenced commercial production and installed capacity of decorative paints sold under the brand "Birla Opus" has reached 1,096 Million Litres Per Annum (MLPA).

Stocks Picker Articles

04 Mar 2025 13:26

📉Market at Close (4th March)

👉🏻 Nifty records longest losing streak on record, falls for 10 straight days
👉🏻 Broader markets relatively outperformed
👉🏻 OMCs see buying post a big fall in crude prices
👉🏻 Railway & #Defence stocks rise
👉🏻 Auto underperformance continues
👉🏻 Selling in MidCap #IT stocks continues

🔻 Sensex at 72,990 (-0.13%)
🔻 Nifty50 at 22,083 (-0.17%)
🔼 BankNifty at 48,245 (+0.27%)
🔼 NiftyNext50 at 57,967 (+0.56%)
🔼 Midcap100 Index at 48,008 (+0.05%)
🔼 Smallcap100 Index at 14,763 (+0.69%)
🔼 Nifty500 at 19,918 (+0.10%)

📊 Advance-Decline Ratio 3:2, slightly in favor of advances

Stocks Picker Articles

04 Mar 2025 11:52

Performance of Last 40 IPOs

Stocks Picker Articles

04 Mar 2025 11:06

FIIs are barely making returns in India

Average rate of return = 12% (In Nifty)
LTCG = 1.2% on gains
INR Depreciation = 3.5-4%

1 Lakh $ in 2020 = ₹74 Lakhs
1 Lakh $ in 2025 = ₹88 Lakhs
FIIs have to convert $ into ₹ when investing in India and then convert ₹ to $ when taking money out of India.

So if Indian market generate no returns, FIIs will be losing 3.5% due to INR depreciating.

Gross Returns = 12% - 1.2% (LTCG) - 3.5% (INR Depreciation) = 7.3%

This is excluding of compliance costs, tech costs, salaries etc etc

US T-Bills pay 4.5% p.a and is backed by government of USA

Stocks Picker Articles

01 Mar 2025 12:42

AUTO ; Tesla finalizes deal for first Indian showroom in Mumbai; showroom likely to open in BKC : Reports

Tesla planning to open their second showroom in Delhi

Tesla may have signed five year lease in BKC, reportedly occupying 4,000 sq. ft space

Tesla may consider importing cars from Berlin for the Indian market

Stocks Picker Articles

01 Mar 2025 10:55

AUTO ; From March 31, Delhi petrol pumps will stop fueling vehicles older than 15 years, announced Environment Minister Manjinder Singh.

Stocks Picker Articles

05 Mar 2025 04:34

*Corporate Actions*

Coforge has considered and approved sub-division / split of existing equity shares of face value of Rs. 10/- each, into equity shares of face value of Rs. 2/- each, subject to approval of the members of the Company.

*Dividend*

*07-Mar-25*
METROBRAND: Interim Dividend - Rs. - 17.50
SBILIFE: Interim Dividend - Rs. - 2.70

*18-Mar-25*
CASTROLIND: Final Dividend - Rs. - 9.50
DICIND: Final Dividend - Rs. - 4.00

*IPO*
---

*Buyback*
---

*Bonus*
Vantage Knowledge: Bonus Issue 2:1; Ex-Date: 05-Mar-25
Anand Rathi Wealth: Bonus Issue 1:1; Ex-Date: 05-Mar-25
Pradhin: Bonus Issue 2:1; Ex-Date: 07-Mar-25
SBC Exports: Bonus Issue 1:2; Ex-Date: 10-Mar-25
Padam Cotton Yarns: Bonus Issue 2:3; Ex-Date: 18-Mar-25

*Stock Split*
Pradhin: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 07-Mar-25
IOL Chemicals and Pharma: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 11-Mar-25
Mehai Technology: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Mar-25
Sika Interplant Systems: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Mar-25
Last Mile Enterprises: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 21-Mar-25

*Right Issue*
Harshil Agrotech: Open: 18-Feb-25; Close: 17-Mar-24
Welspun Specialty Solutions: Open: 10-Mar-25; Close: 19-Mar-24
Shri Niwas Leasing And Finance: Open: 06-Mar-25; Close: 20-Mar-24

*Open Offer*
Aavas Financiers: Open: 21-Feb-25; Close: 07-Mar-25

Stocks Picker Articles

05 Mar 2025 04:26

Brokerage targets indicating potential upside of 54% 📈

▶️ Jefferies on Adani Wilmar
Target: ₹370
Upside: 54%
Rating: Buy

▶️ Morgan Stanley on Polycab
Target: ₹7,395
Upside: 52%
Rating: Overweight

▶️ Jefferies on Varun Beverages
Target: ₹715
Upside: 50%
Rating: Buy

▶️ JP Morgan on M&M Financial
Target: ₹320
Upside: 20%
Rating: Overweight

▶️ Goldman Sachs on SBI Card
Target: ₹912
Upside: 9%
Rating: Buy

Stocks Picker Articles

05 Mar 2025 03:30

*Fund Houses Recommendations*


Jefferies on *VBL:* Maintain Buy on Company, target price at Rs 715/Sh (Positive)

JP Morgan on *M&M Fin:* Maintain Overweight on Company, raise target price at Rs 320/Sh (Positive)

MS on *Polycab:* Maintain Overweight on Company, target price at Rs 7395/Sh (Positive)

GS on *SBI Cards:* Maintain Buy on Company, target price at Rs 918/Sh (Positive)

UBS on *Sun TV:* Upgrade to Neutral on Company, target price at Rs 690/Sh (Positive)

Jefferies on *Coforge:* Maintain Buy on Company, target price at Rs 10350/Sh (Positive)

GS on *Hitachi:* Maintain Buy on Company, raise target price at Rs 13350/Sh (Positive)

MOSL on *DCB Bank:* Maintain Buy on Bank, target price at Rs 150/Sh (Positive)

MOSL on *Bharti Airtel:* Maintain Buy on Company, target price at Rs 1985/Sh (Positive)

Bernstein on *Bharti Airtel:* Maintain Buy on Company, target price at Rs 1900/Sh (Positive)

Jefferies on *AWL:* Maintain Buy on Company, target price at Rs 370/Sh (Positive)

JP Morgan on High Conviction Ideas: Likes *MakeMyTrip, Persistent Systems, Bharti Airtel, and Infosys* in current volatility (Positive)

Macquarie on *India Valuation:* MSCI India valuations now more attractive vs US but remain elevated vs EM (Neutral)

UBS on *Media Sector:* No green shoots; reiterate cautious view. Zee: Cost restructuring done, growth still missing. Sun TV: Growth still weak; IPL provides some cushion (Neutral)

UBS on *ZEEL:* Maintain Neutral on Company, target price at Rs 115/Sh (Neutral)

MS on *Tata Motors:* Maintain Equal weight on Company, target price at Rs 853/Sh (Neutral)

HSBC on *Dhanuka Agri:* Maintain Buy on Company, cut target price at Rs 1550/Sh (Neutral)

Stocks Picker Articles

05 Mar 2025 03:29

All tariffs announced by Donald Trump:

Effective date: February 4, 2025
🟠Country: China
🟠Rate: 10%
🟠Goods: All
🟠Bloomberg forecast: Moderate impact on U.S. and Chinese economies
🟠Retaliation: Limited

Effective date: March 4, 2025
🟠Country: China
🟠Rate: Additional 10%
🟠Goods: All
🟠Bloomberg forecast: Risk of over 50% decline in Chinese exports to the U.S.
🟠Retaliation: 10-15% additional tariffs on select U.S. imports starting March 10

Effective date: March 4, 2025
🟠Countries: Canada, Mexico
🟠Rate: 25% (10% for Canadian energy)
🟠Goods: Most
🟠Bloomberg forecast: 1% decline in U.S. GDP, major economic shock for Mexico and Canada
🟠Retaliation: Canada to impose 25% counter-tariffs

Effective date: March 12, 2025
🟠Countries: Major exporters
🟠Rate: 25%
🟠Goods: Steel, aluminum
🟠Bloomberg forecast: Minor impact on the U.S., Canadian economy particularly vulnerable
🟠Retaliation: Expected

Effective date: April 2, 2025
🟠Countries: EU
🟠Rate: 25%
🟠Goods: All
🟠Bloomberg forecast: EU exports to the U.S. could drop by 70%, affecting 1.5% of EU GDP
🟠Retaliation: Expected

Effective date: April 2, 2025
🟠Countries: Major exporters
🟠Rate: 25%
🟠Goods: Cars, chips, pharmaceuticals
🟠Retaliation: Uncertain

Effective date: April 2, 2025
🟠Countries: All
🟠Rate: Reciprocal tariffs mirroring those imposed on U.S. goods
🟠Bloomberg forecast: If countries impose similar restrictions, it could severely impact the global economy

Effective date: November 22, 2025
🟠Countries: Major exporters
🟠Rate: Unspecified
🟠Goods: Copper
🟠Bloomberg forecast: Minor impact on the U.S., Chile and Canada most vulnerable
🟠Retaliation: Uncertain

Effective date: December 31, 2025
🟠Countries: EU, UK, Canada
🟠Rate, goods, and details: Not yet disclosed

Stocks Picker Articles

05 Mar 2025 02:56

*Stocks in News*


*GE Vernova:* Company bags 3 orders worth ₹500 crore From Power Grid Corp. (Positive)

*Shalby:* Company has received reaffirmed/assigned credit ratings of [ICRA] A+ (Stable) from ICRA Limited for enhanced long-term fund-based and non-fund-based facilities. (Positive)

*Power Grid:* Company declared successful bidder for 3 projects to establish inter-state transmission system on build, own operate and transfer (BOOT) basis. (Positive)

*Welspun Specialty:* Company notified as L1 bidder for a project worth Rs 231.77 crore by BHEL (Positive)

*ABB India:* Company announced a strategic investment in UptimeAI, an AI startup. (Positive)

*Star Cement:* Company Declared Preferred Bidder for Limestone Block in Assam, Company Says Limestone Block in Assam Has 192.36 Million Tonnes Resource (Positive)

*Adani Wilmar:* Company to acquire G.D. Foods, owner of Tops. (Positive)

*RVNL:* Company has received a letter of acceptance from HPSEBL for developing distribution infrastructure in Himachal Pradesh's Central Zone. The project is valued at Rs 729.82 Cr. (Positive)

*Adani Ports:* Sustainalytics upgrades ESG risk rating – Adani Ports rated “Negligible” risk compared to previous “Low” risk rating, ranked second in the marine ports subindustry (Positive)

*Biocon:* Company received final approvals from the US FDA for Lenalidomide Capsules and Dasatinib Tablets. (Positive)

*IFCI:* Company allocated 8.07 crore equity shares to the Government of India (through President of India) on a preferential basis. (Positive)

*Refex Industries:* Refex eVeelz set to expands its EV Fleet with 1000 electric cars in Strategic Partnership with leading ride-hailing platform. (Positive)

*Piramal Enterprises:* Company's promoter group purchased 2,40,000 equity shares (Positive)

*Force Motors:* February Sales Up 46.3% at 3,600 Units Vs 2,461 Units (YoY) (Positive)

*PTC India:* ONGC Expands Renewable Energy Footprint with PTC Energy Acquisition (Positive)

*Oil Downstream companies:* Brent oil slips below $70/bbl for first time since October. (Positive)

*RDB Infrastructure:* Company sold a non-agricultural land plot measuring 10667.52 sq. mtrs for Rs. 60 Cr. (Positive)

*JSW Energy:* Competition Commission of India (CCI) approves acquisition of KSK Mahanadi Power Company by the company (Neutral)

*IKIO Lighting:* Company has changed its name to IKIO Technologies Ltd, effective March 4, 2025 (Neutral)

*Dr Reddy’s:* Company sells 14-drug portfolio to Senores Pharma for US market expansion (Neutral)

*Viceroy Hotels:* Company received a demand notice from Southern Power Distribution Company of TS Ltd for Rs. 3.55 cr as cross-subsidy surcharge for FYs 2005-06 to 2014-15. (Neutral)

*Coforge:* Board approves stock split in the ratio of 1:5. (Neutral)

*Grasim Industries:* Company commences commercial production of Birla Opus Paints plant at Mahad, Maharashtra. (Neutral)

*Paramount Cosmetics:* Company has received credit ratings from CARE Ratings Ltd. for its banking facilities. CARE B rating; Stable outlook. The amount rated was Rs. 8.23 Cr. (Neutral)

*Hubtown Ltd:* Company is on track to complete its major Ghatkopar project (Neutral)

*Saint-Gobain:* Jeyendran Jayaseelan resigns as Chief Financial Officer of the company w.e.f. March 25, 2025. (Neutral)

*Ashiana Ispat:* Company’s Secretary and Compliance Officer, Mr. Harun Rashid Ansari, resigned. (Neutral)

*Avenue Supermarts:* Company opened a new store in Kodad, Telangana. The company now operates 392 stores. (Neutral)

*Walchandnagar:* Company approved acquiring a 60.3% stake in Aicitta Intelligent Technology, a defense R&D firm, for up to Rs 16 crore. (Neutral)

*APL Apollo Tubes:* CARE Ratings has reaffirmed and withdrawn the outstanding ratings of 'CARE AA; Positive. (Neutral)

*Rajoo Engineers:* Company’s board approved raising up to Rs. 225 Cr through QIP. (Neutral)

*Apollo Hospitals:* Company plans to commission a comprehensive Oncology centre at a cost of ₹250 cr (Neutral)

Stocks Picker Articles

04 Mar 2025 17:23

*Fund Flow Activity:*

04 March 2025 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 87916.39 + 4220.66 Total: 92137.05
F&O Volume: 9838254.3 + 36601364.47 Total: 46439618.77

Provisional Cash

FII/FPI: NET SELL: -3405.82
(12022.6 - 15428.42)

DII: NET BUY: +4851.43
(13542.14 - 8690.71)

Stocks Picker Articles

04 Mar 2025 15:46

ASHOK LEYLAND FEB SALES

TOYAL DOMESTIC SALES DOWN 4 % TO 15,879 YOY

TOTAL M&HCV SALES DOWN 7 % TO 10110 UNITS YOY

M&HCV TRUCKS DOWN 3 % TO 8368 UNITS YOY

M&HCV Bus SALES DOWN 23 % TO 1742 UNITS YOY

LCV UP 1 % TO 5769 UNITS YOY

Stocks Picker Articles

04 Mar 2025 15:16

HERO MOTOCORP FEB SALES

TOTAL SALES DOWN 17 % TO 3.88 LKH UNITS YOY , V EST 4.1 UNITS

DOMESTIC SALES DOWN 20 % TO 3.57 LKH UNITS YOY

EXPORT SALES UP 33 % TO 30,772 UNITS YOY

MOTORCYCLE SALES DOWN 19 % TO 3.52 LKH UNITS YOY

SCOOTERS SALES UP 14 % TO 35,756 UNITS YOY

Stocks Picker Articles

04 Mar 2025 15:00

NSE: Revision in Expiry Day of Index and Stock Derivatives Contracts. The circular shall come into effect from April 04, 2025 i.e. Expiry day for all existing contracts will be April 03, 2025 (EOD). NSE revised expiry day to Monday from Thursday

Stocks Picker Articles

04 Mar 2025 13:46

ADANI ENT , PSP PROJECTS ; CCI approves acquisition of equity shares of PSP Projects Limited by Adani Infra (India) Limited

Stocks Picker Articles

04 Mar 2025 12:08

WALCHANDNAGAR IND ; Acquisition is in line with the Company’s strategy of diversifying its defense business, as Aicitta and the Company operate in similar fields of defense which will help both the companies to grow.

Aicitta is a private limited company incorporated in
India. Aicitta is a start-up and is in the business of research and
development in defense industry
(Unmanned Systems)

Turnover

F.Y. 2022: INR 1,15,254
F.Y. 2023: INR 82,823
F.Y. 2024: INR 4,250

Stocks Picker Articles

04 Mar 2025 11:31

MARKET AT CLOSE

Nifty Records Longest Losing Streak On Record, Falls For 10 Straight Days

Broader Markets Relatively Outperform, Midcap Index Ends With Minor Gains

Nifty Bank Closes In The Green, Supported By SBI & HDFC Bank

Nifty Slips 37 Points To 22,083 & Sensex 96 Points Το 72,990

Nifty Bank Rises 131 Points 48,245 & Midcap Index 24 Points To 48,008

OMCs See Buying Following A Big Fall In Crude, Stocks Up 3-4%

Defence & Railway Stocks Rise, HAL & BEL Amongst Top Gainers

Auto Underperformance Continues, 3 Of Top Nifty Losers Are Auto Stocks

Stocks Picker Articles

01 Mar 2025 14:55

Garden Reach Shipbuilders & Engineers Ltd Concall Notes - Feb 2025


Financial Performance:

Revenue from operations increased by 38% YoY, from ₹923 crore to ₹1,271 crore.
Profit After Tax (PAT) rose by 11% YoY, from ₹88 crore to ₹98 crore.
Operating profit increased from ₹37 crore to ₹62 crore, with operating profit margin improving from 4.03% to 4.85%.
Earnings per share (EPS) grew from ₹7.70 to ₹8.57.
Order Book Status:

Current order book stands at ₹23,877 crore, comprising 40 platforms across 10 projects.
Notable projects include:

17 warships for the Navy from 4 projects.
3 P-17 Alpha, 2 Survey Vessels Large, 8 Anti-Submarine Shallow Water Crafts, and 4 New Generation Offshore Patrol Vessels.
Oceanographic Research Vessel for the Ministry of Earth Sciences and an Acoustic Research Vessel for DRDO.
Contract for 6 Multi-Purpose Vessels signed with a German client, with 2 additional export orders for friendly foreign nations.
Recently won an order for 13 hybrid ferries from the Government of West Bengal, funded by the World Bank.
Upcoming Projects:

Expect to sign contracts for the remaining 2 Multi-Purpose Vessels by 31st March.
Anticipating RFPs for:

7 P-17 Bravo ships, with a total value of around ₹70,000 crore.
31 Waterjet Fast Attack Crafts (FACs) and 120 Fast Interceptor Crafts.
2 Multi-Purpose Vessels and 5 Next-Generation Survey Vessels.
Next-Generation Corvette project bids submitted, with a high-value order expected; bid opening anticipated in 2-3 months.
Project Execution Updates:

P-17 Alpha project on track with successful basin trials completed; delivery expected ahead of schedule (first ship by August 2025).
Survey Vessel Large project progressing well, with two ships delivered and two more expected by mid-2025.
ASW Shallow Water Craft project on schedule, with first ship ready for delivery by March 2025.
New-Generation Offshore Patrol Vessels project is progressing; first two ships at 40% physical progress.
Market Outlook:

Management maintains a positive outlook, projecting a CAGR of 20%-25% over the next five years.
Confident about securing high-value orders from upcoming RFPs, especially for the Corvette and P-17 Bravo projects.
Challenges and Industry Dynamics:

Acknowledgment of challenges in the supply chain and skilled manpower availability.
Management is proactively addressing these challenges through training and partnerships with smaller shipyards for project management.
Technology and Innovation:

Focus on technology upgrades and process improvements to enhance efficiency.
Investment in autonomous vessels and green technology as part of new product development.
Export Potential:

Currently, 4% of the order book is from exports, with expectations to quadruple this figure in the next four years.
Government Initiatives:

Maritime Development Fund of ₹25,000 crore announced in the budget, aimed at boosting shipbuilding infrastructure and support for commercial projects.
Government's commitment to increasing indigenous content in shipbuilding aligns with GRSE's objectives.
Overall Sentiment:

Management is optimistic about the future, driven by a robust order book, government support, and strategic initiatives to enhance capacity and capabilities.

Stocks Picker Articles

01 Mar 2025 11:27

TVSMotor February Sales

Total sales at 4.03 lk units vs CNBC-tv18 estimates of 3.90 lk units

Total Sales up 10% at 4.03 lk units vs 3.68 lk units (YoY)

2-wheeler sales up 10% at 3.91 lk units vs 3.57 lk units (YoY)

Electric vehicle sales up 34% at 24,017 units vs 17,959 units (YoY)

Exports up 26% at 1.24 lk units vs 98,856 units (YoY)

3-wheeler sales up 14% at 12,087 units vs 10,614 units (YoY)

Stocks Picker Articles

01 Mar 2025 10:06

TINNA RUBBER : Update On Acquisition of 49% stake in South Africa Joint Venture

Company has completed the acquisition of 49% stake in aforesaid JV and made remittance on February 28, 2025, for US$ 133,307 equivalent to Rs. 1,16,73,029, for acquisition of 2,450,490 ordinary shares @ RS 1 each.