External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

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

Gulf Oil Lubricants India / Equity Bottom-Up

<ul><li>We reiterate our positive stance on GOLI, led by steady core volume growth (8% core volume CAGR over FY24-27E, over 2x of industry growth), and a 13- 14% EBITDA margin profile supported by premiumization efforts, brand building, input cost management, and dedicated marketing initiatives.</li><li>Deepening of OEM relationships, expanding industrial customer base, and B2C remain key focus areas.</li><li>GOLI’s EV charging foray is driven by plans to double Tirex’s turnover annually for the next 3-4 years, with 5Y revenue target of Rs5- 7bnpa, combined with long-term margin profile similar to that of GOLI’s core business.</li></ul><p><em>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.</em></p>

We reiterate our positive stance on GOLI, led by steady core volume growth (8% core volume CAGR over FY24-27E, over 2x of industry growth), and a 13- 14% EBITDA margin profile supported by premiumization efforts, brand building, input cost management, and dedicated marketing initiatives.Deepening of OEM relationships, expanding industrial customer base, and B2C remain key focus areas.GOLI’s EV charging foray is driven by plans to double Tirex’s turnover annually for the next 3-4 years, with 5Y revenue target of Rs5- 7bnpa, combined with long-term margin profile similar to that of GOLI’s core business.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.

Gulf Oil Lubricants - Overall Steady Outlook; Retain BUY

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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.

<ul><li>Gulf Oil Lubricants is one of the leading private companies in the domestic lubricants business</li><li>The company reported volume growth at ~9% CAGR in FY16-21</li><li>Target Price and Valuation: We roll over valuations to FY24E and value Gulf Oil Lubricants at Rs 565/ share i.e. 10x FY24E EPS</li></ul><div class="content-highlight"><em>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.</em></div>

Gulf Oil Lubricants is one of the leading private companies in the domestic lubricants businessThe company reported volume growth at ~9% CAGR in FY16-21Target Price and Valuation: We roll over valuations to FY24E and value Gulf Oil Lubricants at Rs 565/ share i.e. 10x FY24E EPSContent 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.

Gulf Oil Lubricants India: High Raw Material Costs Impact Earnings

India

Gulf Oil Lubricants India Ltd. manufactures and markets lubricating oils and greases for distribution throughout India. The Company supplies its lubricants to automobile and tractor manufacturers in India and also manufacturers lubricant application solutions.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Gulf Oil Lubricants India (GOLI IN)

Gulf Oil Lubricants - Overall Steady Outlook; Retain BUY

We reiterate our positive stance on GOLI, led by steady core volume growth (8% core volume CAGR over FY24-27E, over 2x of industry growth)

Emkay

Gulf Oil Lubricants India: High Raw Material Costs Impact Earnings

Gulf Oil Lubricants is one of the leading private companies in the domestic lubricants business. The company reported volume growth at ~9% CAGR in...

ICICI Securities Limited

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)