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Friday, February 2, 2018
The budget for 2018-19 has reinforced the government’s agenda to bring reforms and improve macros. The FM maintained FY2018 fiscal deficit target of 3.5% and has set a target of 3.3% for FY2019, which is slightly higher than the earlier target of 3%. However, with improving tax compliance and GST collection, the target looks achievable. In …
Thursday, February 1, 2018
GAIL (India) Limited (GAIL) is an integrated energy company in the hydrocarbon sector. GAIL is engaged in the exploration, production, processing, transmission and marketing of natural gas value chain and related services and also produces petrochemicals and LPG gas. On the Kochi-Mangalore-Bangalore pipeline front, Gail has already commenced the 100% construction of the pipeline and …
Tuesday, January 23, 2018
Will the budget focus on fiscal maths, election or inflation? The Finance Minister (FM) Arun Jaitley will present NDA’s fourth budget under the current term on February 1, 2018. This year FM faces a unique dilemma of balancing growth and inflation amid rising crude oil prices and bond yield. We believe that the government is …
Tuesday, January 23, 2018
ICICI Bank is among the largest private-sector banks in India with an asset base of `7.6 lakh cr as on December 31, 2017.ICICI Bank had a sizeable networth of Rs 97514cr and a healthy Tier-I capital adequacy ratio (CAR) of 13.3% and overall CAR of 16.7% under Basel III as on December 31, 2017, making …
Tuesday, January 23, 2018
Mindtree Ltd is an international information technology consulting and implementation company that delivers business solutions through global software development. Growth in realisation was attributed to some of its large projects shifting from the transition stage to steady state and lower number of working days because of furloughs and leaves in some of its fixed-price projects. …
Tuesday, January 23, 2018
V-Guard Industries Limited (V-Guard) is an India-based company engaged in manufacturing, trading and selling of electronic products. V-Guard has been a dominant player in the southern markets and continues to make significant investments to increase its distribution network across the country with an aim to become a pan-India player. The next level of topline growth …
Wednesday, January 17, 2018
Tech Mahindra Ltd (TML) is an M&M group company engaged in the business of providing Information Technology-based (IT) solutions to various clients. The company derived about ~45% of its revenues from North America, ~30% from Europe and ~25% from the Rest of the World for FY17 limiting its dependence on any single geography adding to …
Monday, January 15, 2018
SRF Ltd is engaged in manufacturing of chemicals and polymers, technical textiles and packaging films. SRF continues to exhibit superior performance across segments, except specialty chemicals which is going through a transitory phase. Management expects a turnaround in the specialty chemical business from Q4FY18 and expect the division to return to the high growth trajectory …
Wednesday, January 10, 2018
Atul Ltd is an integrated chemical company. Over the years, Atul has emerged as a prominent player in many of the products it manufactures, not only in India but also in the global market having strong clientele including global chemical majors. It also enjoys fairly good market share in many of the product segments.Further, its …
Tuesday, January 2, 2018
Goodyear India Limited (GIL) is engaged in the manufacturing and trading of tires, tubes and flaps. The Company supplies tires to a range of original equipment manufacturers (OEMs). Goodyear India is a leader in the farm tyre segment in India with it having strong tie ups with OEMs as well as a dominant presence in …
Tuesday, January 2, 2018
Godrej Consumer Products Limited which is engaged in the manufacture of personal and household care products. Despite GST causing minor disruptions in 3QFY18, Godrej Consumer Products (GCPL) India business outlook appears to be encouraging, with (i) the significant acceleration in the pace of innovation planned over the next two years and (ii) the shift in …
Friday, December 22, 2017
Automotive Axles Limited (AAL), manufactures drive axles, non-drive axles, front steer axles, specialty & defence axles and drum & disc brakes. AAL has been increasing its customer penetration through its existing verticals as well as new product developments in existing and new verticals. It has diversified into the manufacture of components for air actuated SCAM …
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