January 4, 2020

Marico poised to improve performance as growth returns to FMCG sector. Excellent track record and margin expansion through lower input costs

Marico is a leading FMCG company with popular brands such as Parachute and Saffola. It has a fabulous track record with a conservative growth approach. Overall […]
December 28, 2019

Rising Gold loan portfolio and diversification into micro-finance driving performance at Manappuram Finance

Manappuram Finance is India’s leading gold finance company. It has diversified into micro finance, home loans and vehicle loans and currently non-Gold loans contributed 33% of […]
December 28, 2019

Promoter pledge risk factor dissipates, but related party dues and transactions are fresh concerns as also negative cashflows. Long term fundamentals good

Zee is India’s largest listed media company. The implementation of the new tariff order has been very positive for the company with subscription revenues shooting up. […]
December 26, 2019

Steady performance at Trent due to favorable demographics and JV with Zara are key highlights; however valuations remain elevated

Trent, a Tata group company, is a leading retailer with Westside being its flagship chain of stores. The company is focused on value retailing in the […]
December 21, 2019

ICICI Prudential Life could turn out to be a good compounding business with steady increase in market share in the insurance industry

ICICI Prudential Life is India’s leading private sector insurance company. Increased financialization of savings is leading to increased demand for insurance products. The market is relatively […]
December 2, 2019

Merger of foods business of Tata Chemicals and focus on profitable domestic growth could lead to decent value creation at Tata Global Beverages

Tata Global Beverages is a global leader in branded Tea and Coffee. More than half the sales are from India where volumes have been high single […]
September 29, 2019

Steady screen expansion, higher advertising and F&B revenues bode well for PVR; valuations on higher side

PVR is India’s largest multiplex operator. Increased demand for quality entertainment, particularly from Tier 2 and 3 towns is the key growth driver. Despite quarterly volatility […]
September 21, 2019

Timken India on a roll due to higher railways and export contribution. Trade wars and make in India benefits company

Timken India is the Indian subsidiary of the global ball bearing giant Timken USA. Recent performance has been decent due to higher focus on railways, replacement […]
September 18, 2019

Steady growth with good earnings visibility at Prestige Estates. Presence across all segments of the real estate sector a key strenght

Prestige Estates is a leading Bangalore based realtor with presence across all segments – Residential, commercial, hospitality and malls. The company earns healthy rental income from […]
September 17, 2019

Polycab a market leader player in the cables industry may report steady performance. Slow down in real estate a key consuming industry a concern

Polycab is India’s largest cable company with presence in fans, lighting and pumps. Brand, distribution and wide range of products are key strengths. Softness in key […]