In today’s briefing:
- HDFC Bank: Looking Beyond Reported Numbers
- The Beat Ideas: How Ganesha Ecosphere Is Shaping the Future of Recycling?
- Hero Motors Pre-IPO Tearsheet
HDFC Bank: Looking Beyond Reported Numbers
- Post merger, HDFC Bank (“HDFCB”) has been under pressure in regards to sustaining its loan growth, which very much hinges on rapid deposit growth.
- While the deposit growth has been weak, it has been an industry-wide issue. Furthermore, at times, the period-end numbers can be misleading.
- Focusing on average numbers paints a better picture of growth. Looking at the averages, deposit growth has been strong at 4.6% QoQ, despite liquidity issues in the banking system.
The Beat Ideas: How Ganesha Ecosphere Is Shaping the Future of Recycling?
- Ganesha Ecosphere (GNPL IN) is expanding from textiles to FMCG packaging with rPET granules, aiming for a 10-12% market share in the recycled PET market by 2029.
- The shift to high-margin rPET products and expansion into FMCG packaging aligns with regulatory trends and growing demand for sustainable materials.
- GEL’s strategic focus on high-value, sustainable products and robust market position suggests significant growth potential and improved profitability.
Hero Motors Pre-IPO Tearsheet
- Hero Motors Limited (2313904Z IN) is looking to raise about US$110m in its upcoming India IPO. The deal will be run by ICICI, DAM Cap and JM Fin.
- Hero Motors (HML) is an integrated powertrain systems provider offering comprehensive solutions for designing, prototyping, validating, developing, and delivering system-level transmission solutions for electric as well as nonelectric powertrains.
- According to CRISIL, it was among the first companies in India to capitalize on the global e-bike powertrain opportunity and have a distinct first mover advantage in this industry.
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