Blogs

August 28, 2021

Good earnings visibility and opportunities in disruption under way in the auto industry place Motherson Sumi in an interesting place

Motherson Sumi’s global manufacturing strategy coupled with quick turnaround of ailing companies acquired has created significant value and scale. Post pandemic need for personal transportation has […]
August 28, 2021

Manappuram Finance impacted by Covid related disruptions more than expected but underlying fundamentals remain sound

Manappuram Finance is India’s leading gold finance company which has diversified into micro finance, home loans and vehicle loans which account for ~ 1/3 of the […]
August 28, 2021

Growth sustains at Affle India which is key beneficiary of rising digital advertising spends, but concerns on privacy regulations remain

Affle India is a unique and prescient media / technology company. It operates a proprietary consumer data platform which mobile advertisers can access to target potential […]
August 28, 2021

Aggressive provisioning by Spandana’s management sets up the company for strong growth post Covid

Spandana Sphoorthy is India’s 3rd Largest NBFC-MFI with ~ 77,000 crores of AUM, 25+ lakh members and 1,013 branches. The company has a good geographical spread […]
August 28, 2021

Steady performance from Pidilite despite pandemic related challenges; spike in key input a cause for concern

Pidilite, the manufacturer of the popular ‘Fevicol’ brand of adhesives has a stellar track record for wealth creation. Strong brand recall and pricing power are key […]
August 28, 2021

Despite higher royalty, sharp rise in iron ore prices, higher volumes and de-merger of steel division could lead to stock outperformance

NMDC is India’s largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines. PSU status has helped company […]
August 28, 2021

Max Financial well placed to capture growth in the insurance industry with strategic stake by Axis Bank; sustainable 20%+ new premium income could lead to steady value creation

Max Financial is the holding company for Max Life Insurance, a leading private insurer with a good balance of all types of insurance products. It has […]
August 28, 2021

MAS Financial, one of India’s most conservative NBFC has a very bright future once normalcy returns and credit growth is scaled up in a responsible manner

MAS Financial Services is a niche NBFC focused on lending to micro enterprises, SMEs, 2-wheeler and CVs. The key strength of this company is its risk […]
August 28, 2021

ISGEC to benefit from upswing in capex cycle; strong engineering capabilities and balance sheet are key highlights

ISGEC is a exceptional engineering company that thrived even when other capital goods manufacturing companies were under stress. The company has a very strong balance sheet, […]
August 28, 2021

e-Mobility and revival of engine sales to passenger 3 wheelers should drive growth post lockdown for Greaves Cotton

Greaves Cotton is a leading engine manufacture of repute with long history having been established in 1922. The engines it supplies find application in automobiles (3 […]