External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Intellect Design Arena / Equity Bottom-Up

Intellect Design Arena Ltd is a financial technology firm. The Company caters to banks, insurance companies and other financial service firms.

<ul><li>Sharekhan's research report onIntellect Design Arena Reported revenues stood at Rs.</li><li>605 crore, down 1.2% q-o-q/up 8.8% y-o-y on a like to like basis, missing our estimates of Rs.</li><li>625 crore, impacted by postponement of a Rs.</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.

Sharekhan's research report onIntellect Design Arena Reported revenues stood at Rs.605 crore, down 1.2% q-o-q/up 8.8% y-o-y on a like to like basis, missing our estimates of Rs.625 crore, impacted by postponement of a Rs.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.

Intellect Design Arena Ltd - Weak Q1, Maintain Hold

City Union Bank Ltd. is a full service bank. The Bank offers a wide range of banking and financial services across India, including both domestic and International banking services.

<ul><li>Earnings grew by 16% y-o-y, led by lower provisions, although operating profits fell by ~10% y-o-y.</li><li>Total credit cost stood at 34 bps of average advances (annualized) versus 29 bps q-o-q and 142 bps y-o-y.</li><li>Net slippages remained negative for the fourth consecutive quarter led by higher recoveries and lower fresh slippages that lowered credit costs.</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.

Earnings grew by 16% y-o-y, led by lower provisions, although operating profits fell by ~10% y-o-y.Total credit cost stood at 34 bps of average advances (annualized) versus 29 bps q-o-q and 142 bps y-o-y.Net slippages remained negative for the fourth consecutive quarter led by higher recoveries and lower fresh slippages that lowered credit costs.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.

City Union Bank - Stable Performance on Asset Quality Leading to Lower Provisions

PVR INOX Limited operates cinemas. The Company owns and manages multiplex movie theaters.

<ul><li>Revenues stood at Rs 1191 crore down 5.2 q-o-q/ 8.8% y-o-y in line with our estimates of Rs.1194 crore. EBITDA margin (pre Ind-AS116) stood at -3.2%.</li><li>Average ticket price (ATP) declined to Rs 235, down 4.7% y-o-y while F&amp;B spend per head (SPH) grew 3.1% y-o-y to Rs. 134.</li><li>Content pipeline is looking strong in Q2, Q3 and Q4 partially due to a lot of films which were coming in Q1 being pushed to Q2 or Q3. </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.

Revenues stood at Rs 1191 crore down 5.2 q-o-q/ 8.8% y-o-y in line with our estimates of Rs.1194 crore. EBITDA margin (pre Ind-AS116) stood at -3.2%.Average ticket price (ATP) declined to Rs 235, down 4.7% y-o-y while F&amp;B spend per head (SPH) grew 3.1% y-o-y to Rs. 134.Content pipeline is looking strong in Q2, Q3 and Q4 partially due to a lot of films which were coming in Q1 being pushed to Q2 or Q3. 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.

PVR Inox Ltd - Weak Q1; Downgrade to Hold

Dabur India Ltd. manufactures soaps, detergents, hair oils, tooth powders, antacids and processed foods. The Company sells its products worldwide.

<ul><li>Dabur India (Dabur) to post mid to high single-digit revenue growth in Q1FY2025 with domestic volume growth of mid-single digits.</li><li>Gross margins and OPM to remain high y-o-y; operating profit to grow marginally ahead of revenue growth.</li><li>We expect Revenue/PAT to grow by 6%/7% y-o-y respectively in Q1. </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.

Dabur India (Dabur) to post mid to high single-digit revenue growth in Q1FY2025 with domestic volume growth of mid-single digits.Gross margins and OPM to remain high y-o-y; operating profit to grow marginally ahead of revenue growth.We expect Revenue/PAT to grow by 6%/7% y-o-y respectively in Q1. 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.

Dabur India Ltd - Good Q1 Update; Volume Growth Trend to Improve

Asian Paints Limited manufactures a wide range of decorative paints, varnishes, enamels, and black & synthetic resins. The Company, through its subsidiaries, also manufactures specialty industrial chemicals and vinyl pyridine latex products which are used in the manufacture of rubber tires.

<ul><li>Prudent capacity expansion plan, sustained innovation, backward integration and improving customer experience will help APL navigate through the tough times of heightened competition in the near term.</li><li>OPM to remain flat over the next two years.</li><li>Contribution from new launches came in at 11% in FY2024 (it added 24/16 products in decorative/industrial paints in FY2024).</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.

Prudent capacity expansion plan, sustained innovation, backward integration and improving customer experience will help APL navigate through the tough times of heightened competition in the near term.OPM to remain flat over the next two years.Contribution from new launches came in at 11% in FY2024 (it added 24/16 products in decorative/industrial paints in FY2024).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.

Asian Paints Ltd - Upgrade to Buy; Risk Reward Favourable