Oil India stock price gained after the company announced that TotalEnergies and Oil India has signed a Cooperation Agreement to carry out methane emissions detection and measurement campaign
Posts in category All News
Macpower CNC Machines: Manufacturing a Strong Growth? (19-11-2024)
In my humble opinion the current base is too small in context to the total order book of all the listed companies ( close to 8000 cr or 1 billion ). The good news is that the bigger listed companies are doing extremely ie. the sector is doing well.
One good order of close to 100 crores and it can change the face of the Profit and loss statement.
For that reason, sitting tight. It should do well by March FY26. ( 1.5 years ) keen to look at this YOY going forward.
He is still certainly a champion capital allocator, just needs some luck and orders in his name.
NTPC Green Energy IPO: Retail Investors show strong interest on opening day (19-11-2024)
The retail investor portion of NTPC Green Energy IPO was fully subscribed at 1.01 times, showcasing strong demand from individual investors
Quick commerce poised to triple in market size by FY-27: Aditya Soman (19-11-2024)
I think in urban, it is a slightly different story. I think what we are seeing is that look consumption on its own is not being impacted, but what we are seeing is a clear shift in consumption patterns where historically a lot of the consumption would have gone towards QSRs, towards FMCG, towards traditional retail, that is shifting now whether it is a phenomenon like a fast fashion, whether it is quick commerce, whether it is a food delivery, or concert sales.
PI Industries shares 0.73% as Nifty gains (19-11-2024)
A total of 2,199 shares changed hands on the counter till 01:50PM (IST).
Rupee declines to record low, RBI intervention helps limit losses (19-11-2024)
The Indian rupee fell to a record low against the US dollar. The Reserve Bank of India intervened to support the currency. Asian currencies traded mixed as the dollar index rose. Sustained portfolio outflows have weighed on the rupee. The RBI’s interventions aim to curb volatility while allowing gradual depreciation.
Indian Hotels Co’s ‘Accelerate 2030’ strategy ignites investor interest (19-11-2024)
Indian Hotels Company (IHCL) spurted 3.08% to Rs 760 after unveiling its ambitious ‘Accelerate 2030’ strategy.
Insecticides India A stock with good Opportunity size (19-11-2024)
Insecticides India –
Q2 FY 25 results and concall highlights –
Revenues – 627 vs 696 cr, down 10 pc
Gross Margins @ 31 vs 25 pc
EBITDA – 90 vs 82 cr, up 9 pc ( margins @ 14 vs 12 pc )
PAT – 62 vs 53 cr, up 16 pc
Product wise sales breakup –
Insecticides – 61 vs 49 pc
Herbicides – 21 vs 34 pc
Fungicides – 15 vs 13 pc
Biologics – 4 vs 4 pc
Sales breakup by segment –
B2C – 84 vs 71 pc
B2B – 14 vs 26 pc
Exports – 2 vs 3 pc
Premium products : Plain generic product sales in B2C segment @ 64 : 36 vs 61 : 39 YoY ( this is a healthy sign )
Manufacturing footprint –
2 – Active ingredients plants
6 – Formulation plants
1 – Biologics plant
4 – R&D centers
Company’s product basket –
Herbicides – 34 products
Insecticides – 51 products
Fungicides – 13 products
Biologics – 11 products
Some of company’s leading brands include –
Lethal – Anti-Termite ( a leading, 37 yr old brand )
Shinwa – Insecticide ( in-licensed from Nissan )
Torry – Herbicide
Hachiman – Herbicide ( in-licensed from Nissan )
Pulsor – Fungicide ( in-licensed from Nissan )
Green Label – Herbicide
Hercules – Insecticide
Mission – Insecticide
Excessive rains in Q2 led to a lot of spraying opportunity losses in Q2. However, the reservoir levels are very healthy which should mean a good Rabi season
At present, company has 11 Focus Maharana products. These r high growth, high margin products ( mostly with Pan India presence ). Aim is to keep graduating more products from Maharatna to Focus Maharatna category. Maharatna products are currently smaller with regional presence. These Maharatna + Focus Maharatna products have gross margins > 40 pc vs 15 pc for plain vanilla generics
Expect to see descent pick up in B2B and Export sales in H2. B2C sales continue to remain strong
Sales return in Q2 was around 40 cr ( mainly herbicides ). Expecting sales return of another 10 cr ( mainly insecticides ) in Q3. Sales return is a normal phenomenon in the agrochemicals Industry
Inventory levels in the Mkt are at normal levels
According to the management, some of the AI prices have touched their 20-25 yr lows. They don’t foresee prices falling any further ( but with the Chinese dumping, one never knows – personal opinion )
In Q2, Maharatna + Focus Maharatna products witnessed a volume growth of 10 pc. Plain Generics witnessed a volume de-growth of 13 pc
As such, company’s focus is on premium products and they intend to keep increasing their share in the sales
Company is confident of growing both topline and bottomline in H2
Guiding for a flattish topline with double digit margins for full FY
LY exports for full FY were at 105 cr. This FY, company has already received orders worth 105 cr. More orders are likely to flow into the company. Basically – exports should do well in H2
Company has received a new exclusive In-Licensed product from Nissan. Likely launch should be in Mar-Apr 25
As the share of pure vanilla generics keep reducing YoY, company’s margins should keep inching up ( IMO – this can be a positive trigger for the company in medium term )
Have lined up 6 product launches for H2. Three of them are going to be Maharatna products
Dsic: holding, added more recently, biased, not SEBI registered, not a buy/sell recommendation
Share price of Lupin as Nifty (19-11-2024)
A total of 8,636 shares changed hands on the counter till 01:42PM (IST).
Havells India rises on planning to set up refrigerator manufacturing facility (19-11-2024)
Havells India advanced 1.85% to Rs 1647.55 after the company decided to set up facility for manufacturing refrigerators in Ghiloth, Rajasthan.