BDL is strongly placed to benefit from increasing capital outlay for indigenised defence platforms like missiles, torpedoes & Counter measure dispensing systems. We estimate revenue, EBITDA and PAT to grow at 29.4%, 41.4% and 46.9% CAGR respectively over FY23-26
We recommend BUY on the back of 1) Sustained focus on margin accretive Specialty pigments (2/3rd of the portfolio and improving) for which the company has incurred significant capex, 2) resilient domestic growth story for pigments with 10-12% trending growth rate, 3) Visible green shoots in the exports market especially the US and opportunities brewing from global consolidations and exits of larger players, 4) Recovery expected in the ROCE on the back of improved profitability and Asset Turnover
OINL remains a strong conviction with a 1.2x FY25E P/B (standalone) valuation. It is a unique play to benefit from the strong multi-year upcycle in both upstream and refining. The stock currently trades at a P/E multiple of 7.2x FY25E EPS and 5.5x FY25E EV/EBITDA. We value the stock at 7x Dec’25E standalone
adj. EPS and add investments to arrive at our TP of INR650. Maintain BUY
We see ROHL as one of the key beneficiaries of the sectoral tailwinds. We expect a revenue /EBITDA/PAT CAGR of 21%/16%/20% over FY23–26. We roll over our valuation to FY26E and revise our TP to INR535 (earlier INR498, 11x FY26E EV/EBITDA). Maintain ‘BUY’
Ethos’ promising future is underpinned by the company’s robust and consistent performance over the last several quarters, driven by – 1) continued strong demand in the premium and luxury watch space, 2) foraying into fast-growing CPO segment, 3) increasing share of high margin exclusive brands, 4) diversification into fast-growing luxury segment – Luggage and Jewellery and 5) strong room for margin and ROCE expansion
Axis Securities has prepared a list of TOP DIVIDEND YIELD STOCKS from the Large-Cap, Mid-Cap, Small-Cap & PSU Stocks. Some large-cap stocks in the private sector like Vedanta and Hindustan Zinc have dividend yields of 23% and 16% respectively. PSU stocks like Coal India have a yield of 6%. Amongst the mid-caps, Oil India, Sanofi and Oracle have dividend yields ranging from 4 to 6%. Amongst small-cap stocks, T. V. Today has an astonishing dividend yield of 28% followed by hasali Engineering at 15%
ANUP is a derivative play on the robust capex upcycle in refining and petrochemicals, renewables, and hydrogen initiatives. It has ample headroom to sustain growth ahead, with the addition of new capacity at the Kheda plant, gradual shift towards complex metallurgy products, and a robust export market, backed by strong execution (with an impeccable record of on-time delivery)
At the current price, the company is trading at 43.9x/30.4x/20.0x of its FY24E/FY25E/FY26E earnings respectively. We maintain our buy rating on the stock with an upgraded price target of Rs 1,868.5/- thus providing an upside potential of 26.7%
Chola Securities has issued a report card as to how their Fundamental & Technical Stock Recommendations have fared. All recommendations have given good returns to investors & traders. The initiating coverage recos have given 69%. The Dark Horses basket hsa given 34%. The Evergreen basket has given 23%. Diwali Picks have given 57% return
We believe Senco has huge headroom to grow given its strong legacy in the jewellery business, expanding footprint through a strong and diverse distribution channel, focus on light affordable jewellery with better price point and healthy growth visibility from both its company operated and franchise stores
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