External broker reports(aggregated public sources), CD Equisearch

CD Equisearch

External broker reports(aggregated public sources)

CD Equisearch is one of the leading brokerage houses with a strong presence in the institutional and HNI broking segment. 

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Equity Bottom-Up

Deepak Nitrite Limited manufactures chemicals and fertilizers. The Company's products include sodium nitrite/nitrate, nitric acid, ammonium nitrate, and Hydroxylamine Sulphate.  Deepak Nitrite's other two divisions manufacture dyes & dyestuffs and nitro aromatics.

<ul><li>Driven by higher volumes in performance products and fuel additives, Deepak's advanced intermediates business saw a modest revenue growth last quarter.</li><li>Slowdown in demand in Western world was countered by foray in newer regions which also led to improvement in product mix.</li><li>The business suffered from the onslaught of inventory destocking by Chinese suppliers and elevated freight rates which took the sheen off exports to EU and US.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Driven by higher volumes in performance products and fuel additives, Deepak's advanced intermediates business saw a modest revenue growth last quarter.Slowdown in demand in Western world was countered by foray in newer regions which also led to improvement in product mix.The business suffered from the onslaught of inventory destocking by Chinese suppliers and elevated freight rates which took the sheen off exports to EU and US.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Deepak Nitrite Ltd. (DNL) - Company Brief

M.M.Forgings Limited manufactures steel forgings in raw, and various grades of carbon, alloy, micro alloy, and stainless steel.

<ul><li>The Company reported 4.1% y-o-y growth in revenue in Q4FY24, and rise in operating profit by ~ 18% (y-o-y), to Rs 75.26 crs from Rs 64.01 crs in Q4FY23.</li><li>The revenue of MM Forgings grew by 8.1% in FY24 to Rs 1,527.08 crs from Rs 1412.78 crs in FY23.</li><li>The year saw a higher overseas demand leading to 15% surge in exports as compared to last year.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Company reported 4.1% y-o-y growth in revenue in Q4FY24, and rise in operating profit by ~ 18% (y-o-y), to Rs 75.26 crs from Rs 64.01 crs in Q4FY23.The revenue of MM Forgings grew by 8.1% in FY24 to Rs 1,527.08 crs from Rs 1412.78 crs in FY23.The year saw a higher overseas demand leading to 15% surge in exports as compared to last year.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MM Forgings Ltd. (MMFL) - Company Overview

CCL Products India Ltd is a manufacturer and exporter of powdered and granulated coffee. The company exports instant coffee under different international and domestic brand names.

<ul><li>CD Equisearch's research report on CCL Products (India) CCL Products produces several varieties and blends of coffee including spray dried coffee powder, spray dried agglomerated, freeze dried coffee etc.</li><li>Despite shipping related disruptions in Red Sea during Q3 which resulted in volumes loss of some 800 tons, CCLP managed to log sales growth of 24.1% - sales stood at Rs 664.48 crs vs Rs 535.30 crs in the same quarter a year ago - thus pacing up barely weak revenues in the two quarters of the current fiscal.</li><li>Aggressive filing up capacities in Vietnam helped shore up volumes: overall volumes rose by a hardly uninspiring 14%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CD Equisearch's research report on CCL Products (India) CCL Products produces several varieties and blends of coffee including spray dried coffee powder, spray dried agglomerated, freeze dried coffee etc.Despite shipping related disruptions in Red Sea during Q3 which resulted in volumes loss of some 800 tons, CCLP managed to log sales growth of 24.1% - sales stood at Rs 664.48 crs vs Rs 535.30 crs in the same quarter a year ago - thus pacing up barely weak revenues in the two quarters of the current fiscal.Aggressive filing up capacities in Vietnam helped shore up volumes: overall volumes rose by a hardly uninspiring 14%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Balaji Amines Ltd. manufactures methylamines, ethylamines, and derivatives of specialty chemicals and natural products. The Company supplies its products to c ompanies in the pharmaceutical and pesticide industries in India and elsewhere t hroughout the world.

<ul><li>On the back of destocking of inventory by Chinese companies and end user industry facing headwinds along with lower realization in key products, Balaji Amines revenue fell 34.6% from Rs 585.95 crs in Q3FY23 to Rs 383.36 crs in Q3FY24.</li><li>These headwinds also impacted the saleable volumes which saw a drop of 4.4% to 26,903 mt in Q3FY24 as against 28,147 mt in Q3FY23.</li><li>Volumes could however revive in the next few quarters as pharma &amp; API industry appears to have turned a corner.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

On the back of destocking of inventory by Chinese companies and end user industry facing headwinds along with lower realization in key products, Balaji Amines revenue fell 34.6% from Rs 585.95 crs in Q3FY23 to Rs 383.36 crs in Q3FY24.These headwinds also impacted the saleable volumes which saw a drop of 4.4% to 26,903 mt in Q3FY24 as against 28,147 mt in Q3FY23.Volumes could however revive in the next few quarters as pharma &amp; API industry appears to have turned a corner.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Balaji Amines Ltd (BAL) - Quarterly Highlights