Independent Research Analyst

Mamta Verma

DC India Research

DC India Research LLP (DCIR) is based out of Mumbai, India.

We specialize in providing customized, independent research across listed and unlisted companies in India across equities and credit including sectoral research. Our customers include India focussed PE funds, special situation funds, domestic AMCs, Wealth Advisory& PMS firms, Rating Agencies & Investment Advisors. 

The DCIR board consists of prominent names from the industry as well as CIO’s of Hedge funds.

Equity Bottom-Up

Lumax Auto Technologies / Equity Bottom-Up

In this note, we share data on key financial metrics on some top investment stock opportunities that came up post q1-FY19 earnings season analysis.  These are businesses which are witnessing either or/and -1. Strong topline visibility driven by favourable sectoral demand, premiumisation of revenue mix, new order wins2. Benefits of operating leverage with capacity ramp-up, company-specific situations of cost optimisation/premiumisation driving gross profit margins - all driving core EBITDA margin improvement3. Balance sheet deleveraging in certain cases which helps to reduce interest expenses4. Some opportunities with in the SMID space where there is negligible street coverage and hence mispriced opportunity Our Top Recommendations in the SMID space are -1. Lumax Auto Tech2. RICO Auto3. Lux Industries4. Dollar Industries5. HIL Limited6. Balkrishna Industries

In this note, we share data on key financial metrics on some top investment stock opportunities that came up post q1-FY19 earnings season analysis.  These are businesses which are witnessing either or/and -1. Strong topline visibility driven by favourable sectoral demand, premiumisation of revenue mix, new order wins2. Benefits of operating leverage with capacity ramp-up, company-specific situations of cost optimisation/premiumisation driving gross profit margins - all driving core EBITDA margin improvement3. Balance sheet deleveraging in certain cases which helps to reduce interest expenses4. Some opportunities with in the SMID space where there is negligible street coverage and hence mispriced opportunity Our Top Recommendations in the SMID space are -1. Lumax Auto Tech2. RICO Auto3. Lux Industries4. Dollar Industries5. HIL Limited6. Balkrishna Industries

Interesting Ideas in the SMID Space Post Q1-FY19 Earnings Season

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

<a href="https://www.smartkarma.com/entities/8223" target="_blank" data-smartkarma-citation="entities:8223:1">Rico Auto Industries Ltd (RAI IN)</a> is an Indian auto component manufacturer producing aluminium and ferrous castings for 2Ws &amp; 4Ws in India and globally. Rico Auto caters to notable companies like BMW, AUDI, Hero MotoCorp and Renault from their fourteen plants located strategically next its OEM customers. Events in the auto industry and new undertakings by the company lead us to take a positive view on the stock.<ul><li>Capacity expansion by major customers to see an increase in Rico's own capacity utilisation.</li><li>Rico launches value-added aftermarket products to expand margins.</li><li>Company partners with a Singapore firm to manufacture coaches/cars used in rapid transport systems.</li></ul>

Rico Auto Industries Ltd (RAI IN) is an Indian auto component manufacturer producing aluminium and ferrous castings for 2Ws &amp; 4Ws in India and globally. Rico Auto caters to notable companies like BMW, AUDI, Hero MotoCorp and Renault from their fourteen plants located strategically next its OEM customers. Events in the auto industry and new undertakings by the company lead us to take a positive view on the stock.Capacity expansion by major customers to see an increase in Rico's own capacity utilisation.Rico launches value-added aftermarket products to expand margins.Company partners with a Singapore firm to manufacture coaches/cars used in rapid transport systems.

Entry Into Auto Aftermarket And JV to Produce Rolling-Stock Transform Rico Auto

India

Rico Auto Industries Limited is a supplier to businesses in the automotive industry.  The Company's products include water pump kits, transmission parts clutches for four wheelers, castings, forgings, pressings, dies and moulds. Rico Auto Industries also manufactures edible oils.

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Rico Auto Industries (RAI IN)

Interesting Ideas in the SMID Space Post Q1-FY19 Earnings Season

In this note, we share data on key financial metrics on some top investment stock opportunities that came up post q1-FY19 earnings season...

DC India Research

Entry Into Auto Aftermarket And JV to Produce Rolling-Stock Transform Rico Auto

Rico Auto Industries Ltd (RAI IN) is an Indian auto component manufacturer producing aluminium and ferrous castings for 2Ws & 4Ws in India and...

Chacko Jacob

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52-week Range

Market Cap (USDm)

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