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Highlights from the Quarter (Q2FY25): VIP Industries Ltd (VIPIL) reported a marginally weak quarterly net revenue of Rs.546.9cr for Q2FY25, marginally lower by 0.3% YoY and considerably lower by 14.6% on a QoQ basis. The company reported an EBITDA of Rs.0.5cr for the quarter vs Rs.55.5cr for the same quarter in the previous year, and Rs.51.4cr in the preceding quarter. Subsequently, the company posted a net loss of Rs.33cr for the quarter. The EBITDA Margin pressure observed with a year-on...
Buy VIP Industries Ltd For Target Rs.741 By Sushil Finance
We have coverage on Vimta Labs Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.700 today. With the recent run-up in the share price (~21% return), we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Buy Vimta Labs Ltd. For Target Rs.727 By Sushil Finance
We have Mrs. Bectors Food Specialities Ltd with a BUY rating on stock. Since our report, the stock has posted a high of Rs.1628 today. With the recent run-up in the share price (~19% return), we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135
Buy Mrs. Bectors Food Specialities Ltd For Target Rs.1,719 By Sushil Finance
Favourable industry tailwinds and capex to support growth: The Russia-Ukraine war had major repercussions, resulting in a surge in gas prices due to its unavailability. This impacted the margins of all the tile manufacturers, including KCL. However, in CY24, gas prices have reduced substantially with an improvement in the supply and it should result in an improvement in the margins in FY24-25. With the improvement in the real estate sector in India and favourable industry dynamics fo...
Buy Kajaria Ceramics Ltd For Target Rs. 1,792 - Sushil Finance
Multiple acquitisions to unlock immense potential in the domestic & international markets Indo Count Industries Limited (ICIL) has a strong brand presence of over 3 decades in the domestic and international markets. ICIL is a vertically integrated company and is one of the largest manufacturers and exporters of bed sheets, bed linen, and quilts from India and is recognised among the top three global bed sheet suppliers to the US. The company’s operations are spread across more th...
Buy Indo Count Industries Ltd For Target Rs. 555 - Sushil Finance
Highlights from the Quarter (Q1FY25): VIP Industries Ltd (VIPIL) reported a stable quarterly net revenue of Rs.641.0 cr for Q1FY25, marginally higher by 0.3% YoY and 23.2% on a QoQ basis. The company reported an EBITDA of Rs.51.4 cr for the quarter vs Rs.83.2 cr for the same quarter in the previous year, and Rs.11.7 cr in the preceding quarter. Subsequently, the company posted a net profit of Rs.4.0 cr for the quarter. The profitability in the quarter was hit primarily due to soft luggage ...
Buy VIP Industries Ltd For Target Rs. 741 By Sushil Finance
Welspun Living Ltd. recently announced its performance for the quarter ended June 30 2024. Following are the key highlights Highlights from the Quarter (Q1 FY25) : During Q1 FY25, the top line went up by 16% yoy to Rs.2,536.5 cr on account of strong 20% yoy growth in the exports despite issues in Red Sea. Growth during the quarter was driven by the volumes, while pricing was flat. Home textiles (91% of the sales) reported a growth of 17% yoy in revenue to Rs.2,387 cr, while flooring rev...
Hold Welspun Living Ltd For Target Rs.209 By Sushil Finance
Focusing on developing new technologies ALL has launched the ‘AVTR’ platform to drive cost efficiency in the MHCV (Medium and Heavy Commercial vehicle) segment. This will result in a lower number of parts, lower raw material inventory and more productivity, thereby increasing operating efficiency. It is actively working on developing new technologies in the areas of Safety, and Green Energy. In terms of safety, it plans to create products with Advanced Drive Assistance Systems ...
Buy Ashok Leyland Ltd For Target Rs.318 By Sushil Finance
Budget 2024: Quest for Viksit Bharat Ø FM Nirmala Sitharaman presented her 7th consecutive budget creating a history of continuity. The NDA 3.0 Government had a difficult choice of balancing the needs of the coalition partners, and maintaining fiscal discipline. Ø Budget 2024-25 glided back to a fiscal discipline path by containing fiscal deficit for current year to 4.90%, and reducing it gradually over medium term. Ø Budget 2024-25...
Union Budget 2024-25 by Sushil Finance Services
Robust distribution network to help boost sales and market share Jyothy Lab Ltd's (JLL) direct reach has crossed 1.2 million outlets in FY24 from 1.1 million outlets in FY23. The company will continue to increase its direct distribution by 8-10% in the coming years, adding up and around 1 lakh outlets every year. A few years ago, the company upgraded to the Distributor Management System (DMS), which substantially enhanced sales efficiency as well as led to an increase in secondary sale...
Buy Jyothy Labs Ltd For Target Rs.620 By Sushil Finance
We have coverage on Kajaria Ceramics Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.1,486 today. With the recent run-up in the share price (~25% return), we are now changing our rating on the stock to Neutral Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135
Buy Kajaria Ceramics Ltd For Target Rs. 1,463 By Sushil Financial
We had re-instated coverage on Venus Remedies Ltd. with a BUY rating on March 28, 2024 at Rs.310 for a target price of Rs.388 With the recent run-up in the share price, we change the rating to neutral and close our coverage on the company. At the day’s high of Rs.384, the stock has generated ~24% returns from our recommendation. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
BUY VENUS REMEDIES LTD. For Target Rs. 388 - Sushil Financial
Highlights from the Quarter (Q4FY24): VIP Industries Ltd (VIPIL) reported a stable quarterly net revenue of Rs.520.2 cr for Q4FY24, higher by 14.3% YoY and marginally lower 5.3% on a QoQ basis. The company reported a weak EBITDA of Rs.11.7 cr for the quarter vs Rs.68.8 cr for the same quarter in the previous year, and Rs.54.9 cr in the preceding quarter. Subsequently, the company posted a net loss of Rs.23.9 cr for the quarter. The profitability in the quarter was hit due to reduced utilisati...
BUY VIP Industries Ltd. For Target Rs. 741 - Sushil Financial
We have coverage on ADF Foods Ltd with a BUY rating on stock. Since our report, the stock has posted a high of Rs.226 today. With the recent run-up in the share price (~20% return), we are now changing our rating on the stock to Neutral Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
BUY ADF Foods Ltd. For Target Rs. 239- Sushil Financial
Vimta Labs Ltd. recently announced its performance for the quarter ended March 31, 2024. Following are the key highlights. Highlights from the Quarter (Q4 FY24) Consolidated sales were at Rs.79.7 cr, recording a flat growth for the quarter. Out of the total revenue, 60% of the total sales comes from the pharma sector, food segment contributes ~20%, while rest of the sales come from Electronic & Electrical testing, Diagnostics and Environment testing. Vimta recently forayed into clin...
Buy Vimta Labs Ltd. For Target Rs.727 By Sushil Financial Services
We have coverage on The Indian Hume Pipe Co. Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.370 today. With the recent run-up in the share price (~41% return), we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Buy Indian Hume Pipe Co. Ltd. For Target Rs.324 By Sushil Financial Services
We have coverage on ADF Foods Ltd with a BUY rating With the recent run-up in the share price (~20% return), we are now changing our rating on the stock to Neutral Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Buy ADF Foods Ltd. For Target Rs.239 By Sushil Financial Services
Highlights from the Quarter (Q4FY24): VIP Industries Ltd (VIPIL) reported a stable quarterly net revenue of Rs.520.2 cr for Q4FY24, higher by 14.3% YoY and marginally lower 5.3% on a QoQ basis. The company reported a weak EBITDA of Rs.11.7 cr for the quarter vs Rs.68.8 cr for the same quarter in the previous year, and Rs.54.9 cr in the preceding quarter. Subsequently, the company posted a net loss of Rs.23.9 cr for the quarter. The profitability in the quarter was hit due to reduced utili...
Buy VIP Industries Ltd. For Target Rs.741 By Sushil Financial Services
Highlights from the Quarter (Q4FY24): Smruthi Organics Ltd (SOL) reported a comparatively stronger quarterly revenue of Rs. 39.71 cr for Q4FY24, up 7.8% YoY and 69.1% on a QoQ basis. The quantitative performance of the company reported all-round improvement as compared to the previous quarter. This is primarily attributed to the process of backward integration steadily gaining traction, thereby enhancing margins. The company reported a much improved net profit of&n...
Buy Smruthi Organics Ltd. For Target Rs.213 By Sushil Financial Services
Eveready Industries India Ltd has recently announced its performance for the quarter ended March 31, 2024 and financial year ended FY24. Following are the key financial highlights: Highlights from the Quarter (Q4FY24): Eveready Industries India Ltd (EIIL) reported a flat quarterly net revenue of Rs. 280.9 cr for Q4FY24, marginally down 1.8% YoY and 7.9% on a QoQ basis. This is primarily attributed towards weak rural demand affecting offtakes of batteries and flashlights, a...
Buy Eveready Industries India Ltd For Target Rs.447 By Sushil Financial Services
Key Highlights of Q4FY24 Results Net additions of Rs.1,220 cr to gross NPAs in the current quarter compared to Rs.3,630 cr in the previous quarter. The sequential increase is primarily due to higher recoveries and upgrades from the corporate and SME portfolio during the previous quarter. The net additions to gross NPAs were Rs.1,710 cr in the retail, rural and business banking portfolios and there were net deletions of gross NPAs of Rs.490 cr in the corporate and SME portfolio. The gross N...
Hold ICICI Bank Ltd. For Target Rs.1,208 By Sushil Financial Services
We have coverage on Sharda Motor Industries Ltd with a BUY rating on stock. Since our report, the stock has posted a high of Rs.1600 today. With the recent run-up in the share price (~26% return) within few days, we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Neutral Sharda Motor Industries Ltd. For Target Rs.1702 By Sushil Finance
We have coverage on TATA STEEL LTD. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.161 today.With the recent run-up in the share price (67% return), we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Neutral Tata Steel Ltd. For Target Rs.135.5* By Sushil Financial Services
Deleveraging product portfolio: Anti-infectives have been the core portfolio for Venus Remedies, with the majority of the sales coming from this segment. The company doesn’t want a concentrated product portfolio and as a result, it is increasing its exposure in other segments like oncology, anticoagulants etc. This could lead to higher margins, as anti-infectives is a highly competitive segment. On the domestic front, the company has made significant inroads into gover...
Buy Venus Remedies Ltd. For Target Rs.388 By Sushil Financial Services
FRESH ORDERS FROM ETHIOPIA LIKELY TO DRIVE COMPANY’S FUTURE GROWTH. The company has expanded in Addis Ababa, Ethiopia for manufacturing of Cephalosporin Injectable. KDIL has one of the largest capacities in Ethiopia with a manufacturing capacity of ~26.4 mn vials per annum. The expansion is expected to increase the company’s revenues by ~Rs. 200 crore with EBITDA margins of 18-20%. Further, the company’s subsidiary has received an order in February 2024, in Ethiopia to th...
Buy Kilitch Drugs (India) Ltd. For Target Rs.466 By Sushil Financial Services
STRONG BRAND PRESENCE IN THE INTERNATIONAL MARKET COUPLED WITH CAPACITY EXPANSION TO PROPLE GROWTH ADF Foods Limited (ADF) is one of the leaders in the manufacturing and distribution of food and has a strong brand presence spanning over nine decades. The company has an international presence with over 55+ countries, 180+ distributors, and over 400 SKUs. The company has 8 brands under its umbrella in the frozen foods, ready-toeat/ready-to-cook items, and meal accompaniments. Currently, the ...
Buy ADF Foods Ltd For Trarget Rs. 239 - Sushil Finance
Strategic shift to own manufacturing to enhance cost competitiveness and margins The strategic shift to manufacturing in-house is reshaping VIP Industries Ltd’s (VIPIL) supply chain, allowing them to fulfil the rising demand while lowering supply chain risks and gaining a pivotal long-term cost advantage. In FY23, the company invested Rs.100 Cr in expanding manufacturing capabilities, leading to a considerable rise in the contribution of in-house and controlled manufacturing to the p...
Buy Vip Industries Ltd For Trarget Rs. 731 - Sushil Finance
Highlights from the Quarter (Q3 FY24) Consolidated sales for the quarter were at Rs.81.7 cr, recording a growth of about 6.8%/11.3% yoy/qoq respectively. Approvals from DCGI (Drug Controller General of India) for Bioavailability & Bioequivalence (BA-BE) studies have picked up pace, which is reflected in strong qoq growth. Pharma companies are shifting their focus to developing large molecules, with 64% of global approvals being large molecules. The company is building the capabilities ...
Buy Vimta Labs Ltd For Target Rs. 727 - Sushil Finance
Highlights from the Quarter (Q3 FY24) Alicon Castalloy Ltd (ACL) reported a robust quarterly revenue of Rs. 405.8 cr for Q3FY24, up 12.1% YoY and 6.2% on a QoQ basis. Crossing Rs. 400 cr for the first time, this is the company’s highest ever reported quarterly revenue. Despite a fall in realization, ACL reported higher revenues driven by the commencement of supply for new parts. ACL reported an EBITDA of Rs.53 cr for the quarter vs Rs.42.4 cr for the same quarter in the previous y...
Buy Alicon Castalloy Ltd For Target Price Rs.1243 - Sushil Finance
Enhance distribution through a new Route-To-Market initiative Eveready Industries India Ltd’s (EIIL) new Route-To-Market (RTM) initiative aims to streamline their distribution channels, making it cost-effective for them to deliver their products to the consumer. The new route-to-market comes with utilisation of technology solutions and the leverage of data analytics in order to effectuate enhanced distribution and ensure seamless operations throughout the supply chain. EIIL’s ...
Buy Eveready Industries India Ltd For Target Rs. 447 - Sushil Finance
We have coverage on Mahanagar Gas Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.1241 today. With the recent run-up in the share price (51% return), we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Neutral Mahanagar Gas Ltd For Target Rs. 1,296 - Sushil Finance Ltd
CONTINUED INNOVATION AND PREMIUMISATION TO ENSURE THE COMPANY’S GROWTH DRIVER. Colgate continues to increase its focus towards science-backed innovation for its products. The company focuses on innovation in the personal care segment specifically the oral care segment. The company’s constant efforts to increase brand recall and market leadership position enables them to improve its market share in the industry. Colgate has thus launched a number of products in line with evolvin...
Buy Colgate Palmolive (India) Ltd For Target Rs. 2,878 - Sushil Finance
We have coverage on Kilitch Drugs (India) Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.381 today. With the recent run-up in the share price (27% return), we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Neutral Kilitch Drugs (India) Ltd for Target Rs. 393 - Sushil Finance
ONE OF THE LEADING PLAYERS IN ELECTRIC ENGINEERING INDUSTRY IN INDIA : BBL primarily has two primary business segments: Power Systems that comprise Transformers and Projects divisions, and Industrial Systems segment comprising Electric Motors, Drives & Industrial Automation and Elevator Systems divisions. BBL has a strong presence in 220-KV transformers to 200 MVA in its power transformer segment. It’s motor segment includes manufacturing and selling of low tension (below 6.6 KV)...
Buy Bharat Bijlee Ltd For Target Rs. 4,831 - Sushil Finance
We have coverage on Venus Remedies Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.368 today. With the recent run-up in the share price (27% return), we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135
Buy Venus Remedies Ltd For Target Rs.388 - Sushil Finance Ltd
We have coverage on Sharda Motor Industries Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.1290 today With the recent run-up in the share price (40% return), we are now changing our rating on the stock to Neutral. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Buy Sharda Motor Industries Ltd For Target Rs.1,353 - Sushil Finance
Established market position and persistent relationships with OEMs to aid growth going forward: AIGL commands an undisputed 72% market share in the Indian passenger car glass market and is the preferred supplier for all leading car makers. The company is also the 2nd largest producer and supplier of architectural glass in India. The company has ~17% market share of the domestic industry. With leading market share in both segments and the underlying segments witnessing good growth, we expect t...
Buy Asahi India Glass Ltd For Target Rs.697 - Sushil Finance
Highlights from the Quarter (Q2FY24): Alicon Castalloy Ltd (ACL) reported a quarterly revenue of Rs. 381.8 cr for Q2FY24, up marginally 1.1% YoY and 7.6% on a QoQ basis. Despite a fall in realization, ACL reported higher revenues driven by the commencement of supply for new parts. Further, margins were enhanced due to an improvement in product mix and a cooling of input prices. ACL reported an EBITDA of Rs.47 cr for the quarter vs Rs.43.4 cr for the same quarter in the previous year (up...
Buy Alicon Castalloy Ltd For Target Rs..1,243 - Sushil Finance
Venus Remedies Ltd. Deleveraging product portfolio: Anti-infectives have been the core portfolio for Venus Remedies, with the majority of the sales coming from this segment. The company doesn’t want a concentrated product portfolio and as a result, it is increasing its exposure in other segments like oncology, anticoagulants etc. This could lead to higher margins, as antiinfectives is a highly competitive segment. On the domestic front, the company has made significant inroads int...
Buy Venus Remedies Ltd For Target Rs.388 - Sushil Finance Ltd
Vimta Labs Ltd. recently announced its performance for the quarter ended September 30, 2023. Following are the key highlights. Highlights from the Quarter (Q2 FY24) Consolidated sales for the quarter were at Rs.73.4 cr recording a de-growth of about 8.1% yoy. Slower approvals from DCGI (Drug Controller General of India) for Bioavailability & Bioequivalence (BA-BE) studies impacted the pharma segment in the current quarter, while preclinical is seeing strong traction. The company...
Buy Vimta Labs Ltd For Target Rs.727 - Sushil Finance
EXPANSION IN ETHIOPIA LIKELY TO DRIVE COMPANY’S FUTURE GROWTH. The company has expanded in Addis Ababa, Ethiopia for manufacturing of Cephalosporin Injectable. KDIL has one of the largest capacities in Ethiopia with a manufacturing capacity of ~26.4 mn vials per annum. The expansion is expected to increase the company’s revenues by ~Rs. 200 crore with EBITDA margins of 18-20%. Further, the US Dollar availability issues in Ethiopia is gradually improving, which will help the com...
Muhurat Pick : Buy Kilitch Drugs (India) Ltd For Target Rs.393 - Sushil Finance
Strategic partnerships to drive business growth Sharda Motor Industries Ltd. (SMIL) and Eberspaecher Exhaust Technology International inked a JV for the development and production of exhaust after-treatment systems for commercial vehicles that fulfil the new BS VI emission regulations. The rationale behind the JV was to provide customers with the local market expertise of SMIL, coupled with Eberspaecher’s cutting-edge global technology and production know-how, leading to reduced emis...
Buy Sharda Motor Industries Ltd For Target Rs. 1,353 - Sushil Finance
We have coverage on Enkei Wheels (India) Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.637 today. With the recent run-up in the share price (36% return), we are now changing our rating on the stock to Neutral and recommend our investors to start booking profits. Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Buy Enkei Wheels India Ltd For Target Rs. 657 - Sushil Finance
Deepak Fertilisers & Petrochemicals Corporation Ltd?Buy?Deepak Fertilisers & Petrochemicals Corporation Ltd CMP?682.20??@680-684; Target?760; Stop Loss?645TECHNICAL RATIONALE ? Deepak Fertilisers has ended 8-month long consolidation phase with noticeable surge in volumes. The base formation above the support zone of major averages combined with the recent buoyancy in agri.chemical space is further adding to the positivity. We thus recommend creating fresh longs in the mentioned zone.Tata St...
Stock Picks :- Deepak Fertilisers & Petrochemicals Corporation Ltd And Tata Steel Limited By Religare Broking Ltd
We have coverage on Kilitch Drugs (India) Ltd with a BUY rating on stock. Since our report, the stock has posted a high of Rs.244 todayWith the recent run-up in the share price (36% return), we are now changing our rating on the stock to Neutral and recommend our investors to book profits.Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimerMember : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Buy Kilitch Drugs (India) Ltd For Target Rs.254 - Sushil Finance
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