External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and 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.

Equity Bottom-Up

<ul><li>The process of commissioning of the steel plant has already started and hot metal production is likely to start in 1HFY23. We believe the demerger of the Nagarnar Iron and Steel Company (NISP) will be the key trigger for the stock.</li><li>Thereafter, the government is likely to call for bids from potential suitor, which should likely culminate into sale of the government's holding in the steel plant to the new owner.</li><li>.</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>

The process of commissioning of the steel plant has already started and hot metal production is likely to start in 1HFY23. We believe the demerger of the Nagarnar Iron and Steel Company (NISP) will be the key trigger for the stock.Thereafter, the government is likely to call for bids from potential suitor, which should likely culminate into sale of the government's holding in the steel plant to the new owner..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.

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>Incorporated in 1958, NMDC is India's largest merchant iron ore miner.</li><li>During the quarter, NMDC reported iron ore sales volume of 9.8 MT, up 6% YoY &amp; 9% QoQ (in line with our estimate of 9.9 MT).</li><li>EBITDA/tonne came in at Rs 2654/tonne, higher than our estimate of Rs 2500/tonne</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>

Incorporated in 1958, NMDC is India's largest merchant iron ore miner.During the quarter, NMDC reported iron ore sales volume of 9.8 MT, up 6% YoY &amp; 9% QoQ (in line with our estimate of 9.9 MT).EBITDA/tonne came in at Rs 2654/tonne, higher than our estimate of Rs 2500/tonneContent 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.

<ul><li>Incorporated in 1958, NMDC is India's largest merchant iron ore miner.</li><li>During the quarter, NMDC reported iron ore sales volume of 9.0 million tonnes (MT), up 36% YoY but down 5% QoQ</li><li>We maintain our BUY rating on the stock. We value NMDC at Rs 175, based on SoTP valuation</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>

Incorporated in 1958, NMDC is India's largest merchant iron ore miner.During the quarter, NMDC reported iron ore sales volume of 9.0 million tonnes (MT), up 36% YoY but down 5% QoQWe maintain our BUY rating on the stock. We value NMDC at Rs 175, based on SoTP valuationContent 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.

<p>EBITDA for the quarter was at Rs 4178 crore (up 453% YoY but down 2% QoQ), higher than our estimate of Rs 3589 crore. EBITDA/tonne for Q1FY22 was at Rs 4421/tonne, higher than our estimate of Rs 3750/tonne...</p><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>

EBITDA for the quarter was at Rs 4178 crore (up 453% YoY but down 2% QoQ), higher than our estimate of Rs 3589 crore. EBITDA/tonne for Q1FY22 was at Rs 4421/tonne, higher than our estimate of Rs 3750/tonne...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.

<p>NMDC reported an operationally healthy set of numbers for Q4FY21 wherein topline and EBITDA came in higher than our estimate. For Q4FY21, NMDC reported sales volume of 11.1 MT, up 29% YoY, 19% QoQ (our estimate 11.1 MT). For Q4FY21, NMDC reported topline of Rs 6848 crore (up 115% YoY, 57% QoQ), higher than our estimate of Rs 6133 crore. Better-than-expected realisation aided Q4FY21. NMDC's blended realisation for Q4FY21 was at Rs 6138/tonne, up 67% YoY, 32% QoQ, higher than our estimate of Rs 5500/tonne.</p><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>

NMDC reported an operationally healthy set of numbers for Q4FY21 wherein topline and EBITDA came in higher than our estimate. For Q4FY21, NMDC reported sales volume of 11.1 MT, up 29% YoY, 19% QoQ (our estimate 11.1 MT). For Q4FY21, NMDC reported topline of Rs 6848 crore (up 115% YoY, 57% QoQ), higher than our estimate of Rs 6133 crore. Better-than-expected realisation aided Q4FY21. NMDC's blended realisation for Q4FY21 was at Rs 6138/tonne, up 67% YoY, 32% QoQ, higher than our estimate of Rs 5500/tonne.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.

India

NMDC Limited explores for minerals. The Company is exploring for iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.

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Nmdc Ltd (NMDC IN)

Strong pricing and volumes augur well

The process of commissioning of the steel plant has already started and hot metal production is likely to start in 1HFY23. We believe the demerger...

Motilal Oswal

NMDC Ltd: Steady Operational Performance

During the quarter, NMDC reported iron ore sales volume of 9.8 MT, up 6% YoY & 9% QoQ (in line with our estimate of 9.9 MT). EBITDA/tonne came in...

ICICI Securities Limited

NMDC Ltd: Performs Well

During the quarter, NMDC reported iron ore sales volume of 9.0 million tonnes (MT), up 36% YoY but down 5% QoQ (in line with our estimate of 8.9...

ICICI Securities Limited

NMDC: Performs Well

EBITDA for the quarter was at Rs 4178 crore (up 453% YoY but down 2% QoQ), higher than our estimate of Rs 3589 crore. EBITDA/tonne for Q1FY22 was...

ICICI Securities Limited

NMDC Ltd: Performing Well

NMDC reported an operationally healthy set of numbers for Q4FY21 wherein topline and EBITDA came in higher than our estimate. For Q4FY21, NMDC...

ICICI Securities Limited

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