What will be next 10x. or 100 x multibaggers stocks

Piramal Enterprises:
This year Piramal's Financial business will have Loan book of 27000 Crores growing rapidly with NPA of .3. Assuming a Book value of 5000 Crores and a price book of 4 gives 20000 Crore valuation or Rs. 1100/- valuation with debt equity still at 2 !!!!
So Healthcare business of 4000 Crores & DRG and Shriram's stake all at Rs. 500/- only.

To add to this Shriram's stake market valuation itself will be at Rs. 400/- to Rs. 500/- now. So the Financial services business itself is worth Rs. 1600/- (1100 + 500). which is current price now !!!!

DRG and Healthcare businesses with all its fancy acquisitions is valuation wise free of cost irrespective of whether they are growing or not.

Things will pan-out when Ajay Piramal carries out his announcement of de-merger of Financial & Healthcare business in India & DRG listing in US next year !!!!! And investor community will realize the potential of this conglomerate.

 

Piramal's Lexington drug manufacturer undergoing $25 million expansion at Coldstream
Manufacturer of sterile drug products and what we manufacturer in Lexington primarily are oncology drugs, better known as cancer treatment agents. The Lexington site is a unique organization inside of the Piramal organization in that we are the team that makes sterile drug manufacturing.

https://www.kentucky.com/news/business/article111465382.html

Piramal Imaging receives Shonin approval from MHLW Japan for Neuraceq Automated Synthesizer Synthera
https://www.canadianinsider.com/neu...eq-synthera-received-shonin-approval-in-japan

 

PATEL ENGINEERING has signed Share Purchase Agreement to sell their Equity Stake in two road BOT Assets !!!!

>>> Above news item will be a game changer !!! If people can understand the impact of this news which will result in Patel coming out of SDR , it will see a phenomenal increase.
There will be price actions when market opens. Patel Engineering Ltd. will now be out of SDR. !!!!

Mr. Rupen Patel, Managing Director of Patel commented that sale of these assets is part of the Monetization plan to improve financial liquidity for ongoing operations. Company intends to identify such quality assets and seek to optimum value which should strengthen its overall cash flow position and helps in deleveraging its balance sheet.

Mr. K. Jalandhar Reddy, Executive Director of KNR informed that the BOT asset sale is part of KNR Group's strategy to focus on their EPC business and demonstrates their ability to build and construct good quality assets coupled with timely and efficient churn of invested equity which can be utilized as growth capital.

Equirus Capital acted as exclusive transaction advisors to the Sellers on this transaction. Cyril Amarchand Mangaldas (Delhi) were the legal advisors to the Sellers whereas Luthra and Luthra law offices advised the buyers on this transaction. Mr. Ajay Garg, Managing Director of Equirus Capital quoted "The transaction is in line with the trend seen across the roads sector where insitutional money is chasing operational cash-flows and helping in debt reduction of infrastructure conglomerates".

https://corporates.bseindia.com/xml...C2BE27_B727_46DF_B32C_9DBB715AADA5_183216.pdf

 

Sri Krishna Trust through its Trustees Mr. Ajay G. Piramal and Dr. (MRs.) Swati A. Piramal acquired 0.17% shares of Piramal Enterprises Ltd.

November 15, 2016 - 1,24,901 shares
November 16, 2016 - 1,00,644 shares
November 17, 2016 - 69,195 shares

Total : 2,94,740 shares purchased.

https://corporates.bseindia.com/xml...9DD01A_A738_435D_B500_07D479477260_184527.pdf

 

Goldstone Infratech to assemble electric buses in tie-up with BYD of China
https://www.thehindubusinessline.co...tnership-with-byd-of-china/article9353289.ece

 

Electric buses are future of mass transport

 

Indiabulls Housing Finance ranked 69th in BT 500: India's Most Valuable Companies

Company View:
30% level-up in the company's ranking. We thank all our customers for having faith in us.

The demonetization of high currency notes will prove hugely positive for the existing business and future demand of products.
Indiabulls Housing Finance revises its growth target for the current year by 1-3% following the demonetization of high currency notes.



https://www.businesstoday.in/magazi...their-market-capitalisation/story/239130.html

 

Piramal continues to rise ...

Piramal Healthcare is presently the third largest player in the global inhalation market and the only company in the world with a complete product portfolio of inhalation anaesthetics drug. Its manufacturing capabilities make it one of the largest custom manufacturing companies in the world.

PEL reported a 30.18% rise in its net profit of Rs 306.06 crore for the quarter ended September 2016 on the back of robust growth in financial services business, whereas the total income rose to Rs 1,966.15 crore for the same quarter under consideration. An increase in the size of the loan book along with strong execution capabilities has helped PEL to grow organically and otherwise.

As many as six companies including PEL will be added to the MSCI India domestic index, with effect from 30 November 2016. As is known that MSCI is a leading provider of benchmark indices globally and this will help PEL stock to be in the books of many large foreign investors.

Many domestic and foreign brokerage houses have a positive rating on the PEL stock with the financial services segment emerging as a key value driver. The company foresees good progress and increase in the OTC Pharma business , as also the info management business could be the first source of value unlocking via a US stock exchange listing . PEL has returned capital to shareholders consistently over the last five years . It has delivered a return of 43% per annum as against the average 10% by the Nifty .

The Piramal stock currently quoting on the bourses at Rs 1430 is a good buy for one year portfolio investment with a price target of Rs 1920 during that time horizon. The BSE Sensex ended the week at a six month low to close at 26150 levels with traders continuing to avoid taking fresh positions on the back of an impending interest rate hike in the US next month . Analysts are hoping that the stock market will consolidate for the next couple of weeks before initiating a bounce back .

https://linkis.com/com/uv2wJ

 

Another round of Promoter buying in Piramal Enterprises !!!

November 18, 2016 - 27,897 shares
November 21, 2016 - 19,779 shares
November 22, 2016 - 528 shares

Total : 48,204 shares purchased

https://corporates.bseindia.com/xml...C9367E_4851_4F50_9CF2_17FB0159CDA7_173606.pdf

Yes, Promoters buying shares of their own company from the secondary market is a positive sign and it immensely increases retail investors confidence.

On most occasions whenever promoters buys shares of their company, it has given indication that the business is undervalued and they see long term value in it.

 

Piramal Enterprises - Innovative way of Real Estate funding !!!
Piramal Fund Management aims Rs 10,000 crore lease rental discount deals by FY18

Piramal Fund Management has expanded its portfolio to offer flexi lease rental discounting (LRD). Through these transactions, the fund will discount future cash flows of completed and leased commercial assets including office blocks and retail malls.

The fund has already identified an initial pipeline of deals and is in advanced talks with two developers--one each in Mumbai and Bengaluru--to conclude LRD deals totaling Rs 1,500 crore for their leased office complexes. The fund intends to scale its book size up to Rs 10,000 crore by 2017-18.

The fund has already identified an initial pipeline of deals and is in advanced talks with two developers--one each in Mumbai and Bengaluru--to conclude LRD deals totaling Rs 1,500 crore for their leased office complexes. The fund intends to scale its book size up to Rs 10,000 crore by 2017-18.

The two LRD deals that are currently in advanced stage of discussions are for a 3.5 lakh sq ft and 3.3 lakh sq ft office projects with both leased up to 95%.

Read More...
https://economictimes.indiatimes.co...scount-deals-by-fy18/articleshow/55558600.cms

 

Piramal Fund Management awarded "Best Overall Investment Manager for Real Estate in India" by Euromoney, an achievement for the second year in a row.

 

Piramal Enterprises:
Ajay Piramal's life mantra: Earn with integrity, give back to society.

Ajay Piramal believes in earning with integrity and giving back to society. But being a responsible community-oriented company doesn’t automatically translate into being a no-profit organisation, he says.

The chairman of Piramal Group & Shriram Group likens profits to oxygen. “Sometimes, we get mixed up when we say that profit is not important for stakeholders. Oxygen is not the reason a person lives.
But it is essential to have oxygen, although it’s not the only reason for a person’s existence. It is similar for profit,” he said at a recent event on conscious capitalism at the BSE.

For the greater good

Piramal, who is also part of the Tata Sons’ board, believes companies need to make conscientious decisions to gain their consumers and stakeholders’ respect.

To illustrate his point, he spoke about the World Economic Forum in Davos where a survey is carried out to find the most admired CEOs. “Many pharmaceutical companies attend the forum. But I feel upset when I see that CEOs from the pharmaceutical sector rank in the bottom 25 per cent of the top-100. This, despite all the good that pharmaceuticals have done for us.What could be the reason for that?”

Answering his question, Piramal gave the example of a new CEO appointed for a US-based company called Valeant Pharmaceuticals. “The company had two life-saving drugs and this person increased their price by more than 700 per cent overnight because there was no competition… Is that conscious capitalism? Does that help in the long term? No. The company was eventually pulled up by the US Congress,” he said.

Piramal feels that the widening divide between the haves and the have-nots is a growing cause for concern. “Look at what’s happening in the US where Donald Trump got elected [as President]; the Brexit — these are just signs that there’s a big divide between the haves and have-nots. If we don’t address that, there is an issue,” he said.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

Piramal Investors Conference call ::::
Update: Current portfolio to be unaffected [I am skeptical]. Confident to take advantage of opportunities [I am bullish on that]




https://biginvestorblog.com/2016/11...s-piramal-enterprises-first-concall-in-years/

 

Patel Engineering Ltd: CMP INR 69 & MCap INR 530 crore

Business Overview:
Patel Engineering Ltd undertakes civil construction and engineering projects. The Company participates in building dams, tunnels, etc., both in India and abroad.
The overall management commentary is positive related investment activities in the country

The overall management commentary is positive related investment activities in the country Key highlights of management meet
1.) The current standalone order backlog of company is INR 9,000 crore comprises Power (40%), Irrigation (38%) and Urban Infra (22%). Parinitia Irrigation project (INR 1000 crore) in Telangana is slow moving and expected to be replaced with new order by new Government.
2.) The company target INR 3,000 crore of order inflow comprises of Hydro power projects (50%) and Irrigation & urban Infra (50%). The company is already pre qualified for INR 15,000 crore hydro power projects.
3.) The US based subsidiaries (EPC Companies) are expected to deliver stable topline (INR 900 crore) and profitability (PAT 3%).
4.) The company has won INR 2,500 crore (out of INR 5,000 crore) in arbitration and expected to receive 75% of this amount in next 6-8 months. Management is confident to win rest amount in arbitration too considering the terrain (full rock) of hydro power projects. The company works with Government clients like NHPC, NTPC, NEEPCO etc.
5.) The amount (INR 1,875 crore) received via arbitration results and proceed (INR 800 crore) from divestment of real estate will be used to reduce the current debt (INR 4,500 crore).
6.) The company has planned to fully divest BOT assets like Gongri HE project (Equity Invested INR 71 crore) and Thermal Power Plant project (Equity Invested INR 209 crore).
7.) Patel, minority stake (42%) in Two BOT assets, with KNR has signed an agreement to divest full stake to Essel Group at an Enterprise value of INR 850 crore. Patel has invested an equity of INR 33.6 crore (42% Stake, valued at 1.15x equity).

 

Piramal Enterprises:
ACME Cleantech raises funds from Piramal and APG; foreign investors exit

Delhi-based ACME Cleantech Solutions Pvt. Ltd, which provides infrastructure services to the telecom sector, has raised Rs 500 crore ($73 million) from billionaire Ajay Piramal-controlled Piramal Enterprises Ltd and Dutch pension fund APG Asset Management NV.

The investment, with equal commitment from Piramal Enterprises’ Structured Finance Group and APG will be used to buy out French firm EDF Energies Nouvelle and Luxembourg-based EREN Renewable Energy, which held a 25% stake each in group company ACME Solar Energy Pvt Ltd, said Nikhil Dhingra, group director for finance at ACME.

EDF Energies, part of French utility major EDF, and EREN had picked up the stake in ACME Solar in 2013.

Dhinga said ACME will use bulk of the funds raised to give an exit to the foreign investors and deploy the remaining in ongoing projects and meet working capital requirements. The fresh debt funding has a tenor of five-and-a-half years and was closed in August, he added.

The Mint newspaper, which first reported the funding, said Piramal alone invested Rs 500 crore in the firm.

Piramal Enterprises and Dutch pension fund manager APG Asset Management had formed an alliance in 2014 to invest in rupee-denominated mezzanine instruments issued by Indian infrastructure companies with a target investment of $1 billion over three years.

The deal with ACME is the second in the renewable energy sector for the Piramal-APG alliance. In March this year, Piramal Enterprises and APG committed to invest Rs 900 crore in Essel Infrastructure’s solar power platform.

Dhingra also said that the company could look at acquiring assets that have signed power purchase agreements and yet to start construction. He also said that, after the buyback, ACME Solar is fully owned by promoter Manoj Kumar Upadhyay and that this gives larger headroom for dilution of stake if required.

As of September, ACME had a total portfolio of around 1.5 gigawatts of solar energy projects. It aims to ramp up capacity to 7.5 GW by 2019, its website shows.

Dhingra also said that ACME Cleantech plans to tap into investors for debt funding to refinance some long-term debentures as interest rates fall. It may also consider a public issue to raise equity capital in 2017-18.

He added that the company can grow up to 15-20% year-on-year with internal accruals and would require additional funding to grow at a faster pace. It expects revenue of Rs 2,700 for the year through March 2017.

https://www.vccircle.com/news/clean...-funds-piramal-and-apg-foreign-investors-exit

 

Piramal Fund to lend Rs360 crore for Ozone’s Urbana township project
Structured debt transaction will help Ozone give a full exit to Urban Infrastructure Venture Capital

https://www.livemint.com/Companies/...d-Rs360-crore-for-Ozones-Urbana-township.html

 

Indiabulls Housing Finance raises Rs500 crore via NCDs
Indiabulls Housing Finance’s bonds will carry coupon rate of 8.30% and the maturity date is 23 November 2018.

New Delhi: Indiabulls Housing Finance Ltd has raised Rs500 crore by issuing debentures on a private placement basis.

“The company has allotted its first tranche of secured redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating Rs 500 crore,” Indiabulls Housing Finance said in a BSE filing on Saturday.

The bonds will carry coupon rate of 8.30% (payable annually and at maturity) and the maturity date is 23 November 2018. The tenor of the issue is 2 years.

https://www.livemint.com/Money/ZNNz...sing-Finance-raises-Rs500-crore-via-NCDs.html

 

Piramal invests $110 mn more in Adarsh Developers

Piramal Fund Management, the real estate-focused investment arm of Piramal Enterprises Ltd, has invested Rs 750 crore (about $110 million) across a bunch of projects of Bangalore-based Adarsh Developers.The developer will use a major portion of the proceeds–Rs 550 crore—to refinance existing loans and the rest for working capital requirements, the company said in a statement.

The statement said that the funding facility has been given against seven projects. Of these, four are
nearing completion, two are under construction and one is planned. The transaction is structured in two
layers with the structured debt part consisting of Rs 170 crore. The remaining is in the form of construction finance.

With this investment, Piramal’s total exposure to the developer stands at Rs 1,000 crore. Meanwhile, the investment firm said in a separate statement its aggregate investments from the proprietary book of Piramal Enterprises in South India, including Chennai and Hyderabad, has surpassed Rs 10,000 crore.

Apart from Adarsh Developers, it has invested Rs 1,050 crore in another Bangalore developer Ozone Group.Khushru Jijina, managing director at Piramal Fund Management, said the firm will extend its partnerships in South India by underwriting multi-city portfolios with existing and new Tier 1 developers.

Piramal Fund’s exposure in South India extends across both residential and commercial real estate. It has innovative funding products in its kitty including a recently launched flexible Lease Rental Discounting product as well as customised funding for plotted land developments.

The statement said that the first phase of the Piramal Preferred Partner programme, under which a Rs 15,000 crore line of credit was extended to select developments, has been 50% used and that the second phase will target selected developers in South India.

https://www.vccircle.com/news/real-estate/2016/11/30/piramal-invests-110-mn-more-adarsh-developers