I live & breathe markets | Research Analyst @NDTVProfitIndia
Joined March 2024
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Happy to share that I’ve joined @NDTVProfit as a Research Analyst.
Grateful for the opportunity and excited for the journey ahead.
Parth Goyal retweeted
Manappuram Finance In Focus – MFI subsidiary reports strong Q2
Asirvad MFI, a subsidiary of Manappuram, Q2 at Rs 32 cr vs Morgan Stanley est of Rs 18 cr
PAT of Rs 32 cr vs loss of Rs 155 cr last year; profit up 52% QoQ
Pre-provisioning operating profit up 155% YoY to Rs 113 cr
GNPA 4.61% (-18 bps QoQ)
NNPA 1.11% (-31 bps QoQ)
Provision cover of 77% was higher (+525 bps QoQ)
#ManappuramFinance
Parth Goyal retweeted
Nifty is back to pre US-Iran war levels
@StocksRoyale1 🚀🚀🚀🚀
Parth Goyal retweeted
SBI Life – Positive
IRDAI Sets Up Two Expert Panels to Draft IndAS-Aligned Risk-Based Capital
Positive for SBI Life
Analysts say SBI Life has 51% ULIP linked policies
#SBILife
Parth Goyal retweeted
FII flows are coming – so which stocks should you look at?
After persistent selling, FPI flows have turned positive recently.
Jefferies says a potential AI-trade reversal, any equity tax relief, resilient domestic macro, reasonable large-cap valuations and light positioning could sustain the flows.
The brokerage sees large caps as the cleaner play on an FPI return, given more reasonable valuations, higher liquidity and FPI ownership.
Stocks to watch: RIL, HDFC Bank, Axis Bank, Kotak Mahindra Bank, UltraTech, Max Healthcare, Varun Beverages, JSW Energy, DLF, Indian Hotels and Sona BLW.
Source: Jefferies India Strategy Note
#Nifty #options #stockmarket #stocks
Parth Goyal retweeted
HAL - Could Recover In Trade
Air Force has not even given orders for Tejas Mk2
The undercarriage issues and delay mentioned in NDTV podcast is on the AirForce side
The issues mentioned are not Hindustan Aeronautics related
Zero impact on HAL, as orders are not yet floated
HAL's order book at the end of FY26 stood at Rs 2.5 lakh cr
#HAL
EPack Prefab Technologies
Maintains FY27 guidance
• Revenue: Rs. 1,900-1,950 crore
• EBITDA Margin: 10.5%
• PAT Margin: 6-6.5%
• Capex: Rs. 150 crore
• Working capital days: 40
Hikal
Reiterates full-year guidance of mid-teens revenue growth & substantial improvement in profitability.
797
Good numbers from SBI
SBI - NIM and Slippage seems good
Domestic NIM 3.11% vs est of 2.89%
Slippage Ratio of 0.5%
#SBI
809
Raymond Realty
FY27 guidance:
• 20% growth in pre-sales
• EBITDA margin of 17-19%
• PAT margin of 9-10%
• ROCE of 20%
Maintained it... no changes.
Kanohar Electricals
Maintains FY27 revenue guidance of Rs. 950 crore.
Margins to stay similar to FY26
2
931
Happiest Minds Tech
Maintains aspiration to achieve $1 billion revenue by FY28.
Context: Post merger with ITC Infotech, last qtr they preponed the target from FY31 to FY28.
3
936
Granules concall highlights:
• Current growth rate to continue in H2
• Gagillapur Ops not affected by US FDA
• FDA Observations on Gagillapur addressable
1
3
1,002
Kewal Kiran Clothing
Vision 2028
• Revenue: Rs. 1,500 crore.
• Margins: 17-18%
• EBOs: 800
FY26 revenue was Rs. 1,200 crore.
So only 25% growth in 2 years?
1
817
Escorts Kubota concall highlights
1. About margins:
• Margin pressure to continue in H2
• Margin recovery from March qtr next yr
2. About the industry:
• Double-digit de-growth in H2
• Low single-digit de-growth in FY27
3. About price hikes:
• Took 2 price hikes in H1
• 3-3.5% price hikes by mid-Nov
• Further hikes if costs don't fall by Q4
4. About exports:
• Exports to remain flat in FY27
• Exports to recover from FY28
5. About capex:
• Rs. 325 capex in FY27
Q2 was weak for them.
Commentary seems weaker.
Escorts Kubota
Falls over 5% post results
Mgmt says margins to improve gradually from Q4 & return closer to normal levels in FY28.
713
Marico concall highlights
• Mid-teen EBITDA margin growth (FY28)
• Strong traction in shampoo biz
• Shampoo biz = 4-5% of turnover
• Shampoo = Rs. 100 cr run rate by FY27
• Bangladesh to deliver growth
Marico Q2
Looks good
• Revenue below estimates
• PAT above estimates
• Highest EBITDA growth in 50 qtrs
• Highest PAT growth in 51 qtrs
Other key highlights:
1. Volume growth
• Domestic vol growth at 10%
• Intl ops grew 13% YoY in cc terms
2. Parachute oil
• Strongest growth in last 22 qtrs
• Vol growth accelerated to 13% YoY
• Gained over 570 bps market share
• New high of 60% vol market share
3. Value-added hair oils
• 6th consecutive qtr of growth
• Saw 21% value growth YoY
• Gains 80 bps market share
4. Outlook
• Mid-teens revenue growth in FY27
• To cross Rs. 15,000 cr revenue in FY27
• FY27 EBITDA to rise in mid-20s
• India: double digit vol growth in FY27
• Intl: Mid-teens growth in FY27 (cc terms)
5. Vision 2030
• Double digit revenue growth CAGR
• To achieve Rs. 20,000 cr revenue
• Mid-teens EBITDA growth CAGR
Stock closed flat today.
Has lost over 8% since August.
