Blogs

August 16, 2021

Shriram Transports balance sheet hit by rising NPAs in second Covid wave; management confident of steady recovery once normalcy is restored

Shriram Transport is India’s leading vehicle finance company with focus only on second hand commercial vehicle financing. It has a pan India presence but is strong […]
August 16, 2021

Emami appears to be back on growth track albeit headwinds from second Covid wave; valuations attractive

Emami is a very aggressive FMCG company with products in under-penetrated and growth segments of the industry which a large presence in rural areas. The large […]
August 16, 2021

Excellent performance at Deepak Nitrite sustainable given industry fundamentals and commissioning of new plants

Deepak Nitrite reputed chemical company with a wide product basket. Its subsidiary Deepak Phenolics is India’ largest and only manufacturer of phenol in the country. Increased […]
August 16, 2021

Despite Covid related disruptions in lending and collections which have spiked NPAs, Cholamandalam has a good growth trajectory due to sound lending practices

Cholamandalam Invt. & Finance is a leading vehicle finance company with a significant home finance exposure. Within the vehicle finance space, its focus is on small […]
August 16, 2021

Britannia is on a strong footing with its plans for becoming a total foods company gradually playing out, market and product expansions are key to growth and valuations attractive

Britannia is India’s largest biscuit company with aspirations to be a complete food company. With that goal, Britannia has been exploring several categories in the processed […]
August 16, 2021

Long term prospects are good for Bandhan Bank but recent spike in NPAs ahs shown cracks in their business model

Bandhan Bank is India’s largest micro finance lender with a patchy track record on collections due to geographical concentration (47%+ exposure to just two state – […]
August 16, 2021

IDFC First bank is carefully crafting its strategy to become a full fledged retail bank with low cost deposits and small ticket lending; however legacy NPAs keep rising

IDFC First Bank, formerly IDFC Bank has changed its name post merger with Capital First. The merger was highly synergistic and provided low cost funding to […]
August 16, 2021

Dixon, a dominant contract manufacturer for consumer electronics and lighting is a key beneficiary of government’s PLI scheme; performance will be strong due to bulging order book

Dixon Technologies is a diversified contract manufacturer for TVs, lighting products, washing machines and mobile phones. The client list of the company is impressive with sizable […]
August 16, 2021

Poly Medicure is scaling up business well as demand for medical devices and consumable are higher given the present health crisis; new opportunities in PLI and US markets

Poly Medicure is a leading medical devices company with a global presence (70% contribution from exports). Increased healthcare spending is the main growth driver as also […]
August 16, 2021

Erratic monsoons has impacted Dhanuka Pesticides performance; deep distribution, ability to launch new products and strong balance sheet are hallmarks

Dhanuka Agritech is a leading domestic focused agrochemical company with key strength in distribution and launch new products in partnership / in licensing from MNC companies. […]