Dipan Mehta

September 7, 2021

Impressive performance at TVS Motor due to higher exports and good margin management and product premiumization, but e-Scooters are a big threat

TVS Motors, India’s leading two-wheeler company has an excellent track record in new models and presence in all segments – motorcycles, scooters and mopeds. Management ability […]
September 7, 2021

Strides Pharma working on may initiatives to scale up operations and build value; but short term performance is disappointing

Strides Pharma has undergone many changes in its business model and geographical focus. The management has an excellent track record for building businesses and encashing through […]
September 7, 2021

Quess Corp may be entering a new growth phase with improving demand from key sectors such as software, one time costs have muted near term performance

Quess Corp is India’s largest staffing company with presence a few international locations as well. Post its listing in 2016 the company has been pursuing inorganic […]
September 7, 2021

New Licensing wins at Oracle provide good earnings visibility; valuations are attractive

Oracle Financial Services Software is the Indian subsidiary of the US giant Oracle Corpn. It is a leader in financial products and derives revenues from sale […]
September 7, 2021

Bulging order book, advantageous position for new project wins from government departments and enterprises provide very good earnings visibility; execution is main challenge

NBCC is a PSU engaged in project management consultancy for the government and PSUs. The company is also into redevelopment of government colonies. In recent times […]
September 7, 2021

L&T Finance limping back to normalcy in operations but weak business model as revealed during the NBFC crisis is a concern area

L&T Finance, the NBFC subsidiary of engineering giant L&T lends to infra, housing and rural sector. Within these, the largest lending book is for infra projects […]
September 7, 2021

Investment in Holding company results in sub-par returns over listed subsidiaries, prime example being Bajaj Finserve which has grossly underperformed Bajaj Finance, its listed subsidiary by a wide margin

Bajaj Finserv is the holding company of Bajaj Finance, Bajaj Allianz General Insurance and Bajaj Allianz Lic Insurance. There subsidiary companies have been performing well with […]
September 7, 2021

AU Small Finance’s impressive track record on NPAs tainted due to recent spike in NPAs due to lockdown and stress in SMEs

AU Small Finance Bank is a mid sized micro finance NBFC carved out into a Bank. The transition from NBFC to Bank has been smooth and […]
September 7, 2021

Action Construction is in a sweet spot with decent pick up in construction activity post Covid pandemic; but valuations are fair

Action Construction is a leading material handling and construction equipment manufacturer with a 65 % market share in the cranes segment. Increased infra spend determines demand […]