In today’s briefing:
- Narrative and Numbers | Sula Vineyards (SULA IN) | FY23
- Adani Transmission – ESG Report – Lucror Analytics
- R R Kabel Pre-IPO – Strong Earnings Growth but Competition Seems Stiff
Narrative and Numbers | Sula Vineyards (SULA IN) | FY23
- Sula Vineyards (SULA IN) is one of the leading wine producers in India.
- Focus on premiumization, market leadership, and industry prospects are attractive.
- However, high working capital, recent resignations, and customer concentration along with market’s high valuations make it a watch-list candidate.
Adani Transmission – ESG Report – Lucror Analytics
Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We view Adani Transmission Limited’s ESG as “Adequate”, in line with the Environmental and Social pillars. Governance is “Weak”. Controversies are “Material”, but Disclosure is “Strong”.
R R Kabel Pre-IPO – Strong Earnings Growth but Competition Seems Stiff
- R R Kabel (2333180Z IN) is looking to raise about US$200m in its upcoming India IPO.
- R R Kabel is an Indian consumer electrical company, which primarily sells wires, cables and fast moving electrical goods (FMEG).
- R R Kabel registered strong earnings growth on the back of growth in the volume of wires and cables sold. However, the lack of commodity hedging affected the firm’s margins.
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