The company has already repaid its full long-term debt and benefitted on the interest cost during the quarter. Interest cost reduced from ~Rs22mn in Q4FY24 to Rs7mn in Q4FY25. Exotech has commenced capacity expansion, with a new plant targeting commissioning by H1FY26
Despite minor discrepancies in Q4 PAT due to capacity addition and forex losses, HUDCO’S (HUDCO IN) FY25 earnings showcased robust business growth and superior asset quality. Sustained business growth, coupled with consistent asset resolution and NIM expansion, is anticipated to prop HUDCO’s RoE and RoA to 16% and 2.4%, respectively, in FY26E-FY27E, solidifying its position as a top-tier NBFC. Maintain BUY
POLYCAB has reported strong revenue growth across segments. EBITDA margin expansion was led by profits in the FMEG segment and improved margin in EPC business on the back of better execution. POLYCAB remains market leader in the C&W industry, benefitted from continuous capacity expansion and a strong margin trajectory
SBI is a public sector bank and also the largest bank in India with a balance sheet size of over ~ ₹66 lakh crore.
We believe VAMP would be a key beneficiary of India’s renewable capacity addition, private capex revival, and GoI’s PLI initiatives in the manufacturing space. VAMP’s current strong order-book (Rs9.8bn, +26% YoY), coupled with the enquiry base, robust balance sheet, and improved cyclical demand tailwinds, grants us a more constructive outlook on the stock
Aeroflex Industries Limited (AERIND), incorporated in 1993, is engaged in the business of manufacturing and supply of metallic flexible flow solutions made with stainless steel. Product range includes stainless steel corrugation products (braided and non-braided) such as hose, double interlock flexible metal hoses, composite hose, stainless steel hose assemblies, teflon/PTFE hose, fittings
Based on the recent developments, we have made multiple changes to our Top Picks recommendations. This includes the removal of Cholamandalam Investment, Trent, and Indian Hotels, and the addition of Shriram Finance (reasonable valuation after the recent correction), Avenue Supermarts (Expectation of healthier recovery in Value Retail in the second half), and Colgate (Valuation comfort play in FMCG). Our modifications reflect the changing market style and a slight shift towards consumption and domestically oriented play
Here are the top 15 companies from the NSE 500 basket that provide higher dividend yields. The dividend yield ranges from 4% to 10.4%. The 5-year average RoE ranges from 5.77% to 73.72%.
The dividend yield is computed based on the closing price of 30th April 2025. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22 and FY22/CY21.
Currently, the stock is trading at ~9.9x CY26E. We are maintaining our multiple of 16x due to improved sales mix & better operational efficiencies & thereby arrive at target price of Rs 316 per share which is an upside of 61.3% from current valuations. We have visibility of volume growth, strong balance sheet, cost optimization benefits & leveraging its blueloop brand which will increase its premium portfolio. The stock price has witnessed correction in the last few months and factored in most of the negatives. Thus, we maintain our BUY rating on the stock
Recent Comments