External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

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

Gujarat State Petronet / Equity Bottom-Up

<ul><li>Gujarat State Petronet (GSPL) reported an EBITDA of Rs1.9bn (flat QoQ, PLe: Rs1.9bn, BBGe: Rs1.8bn).</li><li>PAT came in at Rs1.4bn (down 65.2%QoQ, PLe: Rs1.3bn, BBGe: Rs1.3bn).</li><li>Decline in PAT was on account of 86% QoQ fall in other income.</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.

Gujarat State Petronet (GSPL) reported an EBITDA of Rs1.9bn (flat QoQ, PLe: Rs1.9bn, BBGe: Rs1.8bn).PAT came in at Rs1.4bn (down 65.2%QoQ, PLe: Rs1.3bn, BBGe: Rs1.3bn).Decline in PAT was on account of 86% QoQ fall in other income.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.

Gujarat State Petronet - Steady Volume Growth Anticipated

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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.

Thematic (Sector/Industry)

<ul><li>Bajaj FinServ: Bajaj FinServ (BJFIN) delivered a strong performance during H1FY26 across all its key operating businesses</li><li>BAGIC clocked 9% YoY GDPI growth, even as profitability clocked in marginally ahead of estimates on the back of higher realized capital gains and a favourable loss ratio</li><li>BALIC continued to benefit from a strategic shift in product mix, witnessing strong 47% VNB growth and a 560bps improvement in margins, despite 8% decline in APE</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.

Bajaj FinServ: Bajaj FinServ (BJFIN) delivered a strong performance during H1FY26 across all its key operating businessesBAGIC clocked 9% YoY GDPI growth, even as profitability clocked in marginally ahead of estimates on the back of higher realized capital gains and a favourable loss ratioBALIC continued to benefit from a strategic shift in product mix, witnessing strong 47% VNB growth and a 560bps improvement in margins, despite 8% decline in APEContent 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.

HSIE Results Daily: Bajaj FinServ, ONGC, BSE, Bharat Forge, Ather Energy...

<ul><li>Mahindra &amp; Mahindra: Mahindra &amp; Mahindra’s Q3FY25 standalone EBITDA margin at 14.6% was in line with our estimate of 14.6% and Bloomberg consensus estimate of 14.7%</li><li>The auto division’s EBIT margin at 9.7% is impressive, though it might moderate going forward as the company ramps up contract manufacturing for its ePV subsidiary Mahindra Electric Automobile Ltd (MEAL)</li><li>The farm division’s EBIT margin at 18.1% was impacted by the growing farm machinery business, and adjusted for it, the core tractor EBIT margin would have been 19.5%</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.

Mahindra &amp; Mahindra: Mahindra &amp; Mahindra’s Q3FY25 standalone EBITDA margin at 14.6% was in line with our estimate of 14.6% and Bloomberg consensus estimate of 14.7%The auto division’s EBIT margin at 9.7% is impressive, though it might moderate going forward as the company ramps up contract manufacturing for its ePV subsidiary Mahindra Electric Automobile Ltd (MEAL)The farm division’s EBIT margin at 18.1% was impacted by the growing farm machinery business, and adjusted for it, the core tractor EBIT margin would have been 19.5%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.

HSIE Results Daily: Mahindra & Mahindra, Hero Motocorp, Oil India, Thermax

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>
<a href="https://www.smartkarma.com/entities/deep-industries-ltd" target="_blank" data-smartkarma-citation="entities:14923:1" rel="noopener">Deep Industries (DEEPI IN)</a> targeting 800 Cr worth of revenue by FY26, with 35% CAGR in next 2 years.</li>
<li>India is opening more oil &amp; gas wells, needs services of company like Deep who can provide one stop shop for all Oil &amp; Gas Needs.</li>
<li>Key Triggers- Prabha Barge(60% Operating Margins) and Dolphin Offshore(for diversifying into offshore services) will further margin accretive.</li>
</ul>



Deep Industries (DEEPI IN) targeting 800 Cr worth of revenue by FY26, with 35% CAGR in next 2 years.
India is opening more oil &amp; gas wells, needs services of company like Deep who can provide one stop shop for all Oil &amp; Gas Needs.
Key Triggers- Prabha Barge(60% Operating Margins) and Dolphin Offshore(for diversifying into offshore services) will further margin accretive.


The Beat Ideas: Deep Industries- A Hidden Oil & Gas Proxy

<ul><li>Shree Cement: We maintain our ADD rating on Shree Cement, with an unchanged SOTP target price of INR 26,700/share</li><li>During Q2FY25, Shree volume declined 7% YoY as it focused on trade sales while non-trade demand was weak</li><li>Cement NSR fell only 0.4% QoQ, lower vs peers owing to rise in trade sakes QoQ</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.

Shree Cement: We maintain our ADD rating on Shree Cement, with an unchanged SOTP target price of INR 26,700/shareDuring Q2FY25, Shree volume declined 7% YoY as it focused on trade sales while non-trade demand was weakCement NSR fell only 0.4% QoQ, lower vs peers owing to rise in trade sakes QoQContent 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.

HSIE Results Daily: Shree Cement, Aurobindo Pharma, Gujarat State Petronet

India

Gujarat State Petronet Limited owns and operates a natural gas transmission network in India.  The Company serves the State of Gujarat and most of its customers are natural gas end-users.

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Gujarat State Petronet (GUJS IN)

Gujarat State Petronet - Steady Volume Growth Anticipated

Gujarat State Petronet (GSPL) reported an EBITDA of Rs1.9bn (flat QoQ, PLe: Rs1.9bn, BBGe: Rs1.8bn). PAT came in at Rs1.4bn (down 65.2%QoQ, PLe:...

Prabhudas Lilladhar

HSIE Results Daily: Bajaj FinServ, ONGC, BSE, Bharat Forge, Ather Energy...

BAGIC clocked 9% YoY GDPI growth, even as profitability clocked in marginally ahead of estimates on the back of higher realized capital gains and a...

HDFC Securities

HSIE Results Daily: Mahindra & Mahindra, Hero Motocorp, Oil India, Thermax

Mahindra & Mahindra: Mahindra & Mahindra’s Q3FY25 standalone EBITDA margin at 14.6% was in line with our estimate of 14.6% and Bloomberg...

HDFC Securities

The Beat Ideas: Deep Industries- A Hidden Oil & Gas Proxy

Deep Industries aims for 800 Cr revenue by FY26 with 35% CAGR, benefiting from India's increasing oil & gas well openings and offering...

Sudarshan Bhandari

HSIE Results Daily: Shree Cement, Aurobindo Pharma, Gujarat State Petronet

During Q2FY25, Shree volume declined 7% YoY as it focused on trade sales while non-trade demand was weak. Cement NSR fell only 0.4% QoQ, lower vs...

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Gujarat State Petronet - Steady Volume Growth Anticipated

Gujarat State Petronet (GSPL) reported an EBITDA of Rs1.9bn (flat QoQ, PLe: Rs1.9bn, BBGe: Rs1.8bn). PAT came in at Rs1.4bn (down 65.2%QoQ, PLe:...

Prabhudas Lilladhar

HSIE Results Daily: Bajaj FinServ, ONGC, BSE, Bharat Forge, Ather Energy...

BAGIC clocked 9% YoY GDPI growth, even as profitability clocked in marginally ahead of estimates on the back of higher realized capital gains and a...

HDFC Securities

HSIE Results Daily: Mahindra & Mahindra, Hero Motocorp, Oil India, Thermax

Mahindra & Mahindra: Mahindra & Mahindra’s Q3FY25 standalone EBITDA margin at 14.6% was in line with our estimate of 14.6% and Bloomberg...

HDFC Securities

The Beat Ideas: Deep Industries- A Hidden Oil & Gas Proxy

​Deep Industries aims for 800 Cr revenue by FY26 with 35% CAGR, benefiting from India's increasing oil & gas well openings and offering...

Sudarshan Bhandari

HSIE Results Daily: Shree Cement, Aurobindo Pharma, Gujarat State Petronet

During Q2FY25, Shree volume declined 7% YoY as it focused on trade sales while non-trade demand was weak. Cement NSR fell only 0.4% QoQ, lower vs...

HDFC Securities

Deep Industries aims for 800 Cr revenue by FY26 with 35% CAGR, benefiting from India's increasing oil & gas well openings and offering...