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Current IPO
Dec 05th 2017
Outlook and valuation: At the upper end of the price band (`245-`248), the issue is priced at 42.8x of its FY2017 earnings vs. Apollo hospitals (73.7x) and Healthcare Global (121.2x). On EV per bed, it is available on 3.8x vs Apollo (2.3x) and Healthcare Global at 2.1x. We like its growth story, better returns profile than peers and stron..
Dec 04th 2017
Incorporated in 2006, Future Supply Chain Solutions Ltd (FSCSL) is one of the largest third-party logistics service providers in India. FSCSL offers services in three key areas i.e. (1) Contract Logistics (warehousing, distribution and value-added service), (2) Express Logistics (point-to-point, less-than truck-load, time definite transpo..
Nov 06th 2017
HDFC Standard Life Insurance Co Ltd (HDFC Life) started as a JV between HDFC Ltd, India’s largest Housing Finance Company and Standard Life Aberdeen Plc. HDFC Life is the countrys third-largest private sector life insurance company with 16.5% share of total private sector premiums in FY2017. Based on the new business premium (NBP), it ran..
Nov 01st 2017
Established in 1981, Khadim Indian Ltd (KIL), a leading footwear brand has emerged as the third largest retailer in the Indian market. The company has a strong presence in eastern India and has positioned itself as an affordable brand. It has 853 branded exclusive retail stores in 23 states and one Union Territory. KIL has manufacturing f..
Oct 31st 2017
The New India Assurance Company Ltd (NIA) is the leader in the non-life insurance in India, controlling hefty 15% market share in terms of gross direct premium (`23,230cr). It issued 27.10 million policies across all product segments. NIA is also market leader in Fire, marine, Motor & health insurance with market share of 19.1%, 21.1%..
Oct 30th 2017
Mahindra Logistics Limited (MLL) is a part of Mahindra & Mahindra group and works as a 3rd party logistics services provider. MLL was incorporated in 2007 and has become one of largest 3rd party logistics solutions providers in India. MLL follows an asset light business model in which most assets (vehicles and warehouses) are owned /p..
Oct 24th 2017
Reliance Nippon Life Asset Management Ltd (RNAM) is the third largest Asset Management Company (AMC) in terms of quarterly average AUM (QAAUM) with 11.4% market share and is ranked second most profitable AMC. RNAM managed `3,84,061cr as on August 2017, which includes Mutual Fund (`2,28,329cr), Managed Account (`1,53,509cr) and offshore fu..
Oct 10th 2017
General Insurance Corporation of India (GIC Re) is the largest reinsurer company in terms of gross premium (GP) accepted, having a market share of 60% in India. GIC Re provides reinsurance across key business lines including fire (property), marine, motor, engineering, agriculture, aviation, health, liability & credit, etc. Outlook &a..
Oct 09th 2017
Indian Energy Exchange (IEX) is the dominant exchange in India for trading electricity in the country. It has a market share of over ~98% of the volumes in the power exchange industry. Outlook & Valuation: IEX is likely to continue its current growth trajectory as the short-term electricity market would continue its migration away fro..
Oct 07th 2017
Indian Energy Exchange (IEX) is the dominant exchange in India for trading electricity in the country. It has a market share of over ~98% of the volumes in the power exchange industry. Outlook & Valuation: IEX is likely to continue its current growth trajectory as the short-term electricity market would continue its migration away fro..
Oct 05th 2017
MAS Financial Services (MAS) is a Gujarat based NBFC, which is two decades old. It primarily lends to Micro Enterprises (ME) and SME, which contribute 60% and 23% of its AUM respectively. Companys business and financing is in five categories i.e. micro-enterprise loan, SME loans, two wheeler loans, commercial vehicle loans and housing loa..
Oct 03rd 2017
Godrej Agrovet Limited (GAVL) is a leading Agri-business company operating across five different business verticals i.e. Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry & Processed Foods. GAVL is the largest crude palm producer in India. Company is the 4th largest animal feed producer in Bangladesh through its 50:50 JV ACI G..
