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

Motilal Oswal

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.

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

<div><ul style="list-style-type: none;"><li><div><div><div><div><ul style="list-style-type: none;"><li>Margin expands amidst price hikes - NOCIL reported a beat on our EBITDA estimate (at INR80/kg, +121% QoQ), with an improvement in realization to INR336/kg (+19% QoQ).</li><li>Lower-than-expected RM cost drives beat - Revenue came in higher than our estimate, at INR4.6b (+44% YoY, +19% QoQ). Gross margin expanded QoQ to ~50% (from 44% in 4QFY21)</li><li>Valuation and view – Maintain BUY - <span style="font-size: var(--content-font-size);">The management guided for debottlenecking of its existing units in the near term, even as it evaluates its plans for the next three-to-five years</span></li><li> </li></ul></div></div></div></div></li></ul></div><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>

Margin expands amidst price hikes - NOCIL reported a beat on our EBITDA estimate (at INR80/kg, +121% QoQ), with an improvement in realization to INR336/kg (+19% QoQ).Lower-than-expected RM cost drives beat - Revenue came in higher than our estimate, at INR4.6b (+44% YoY, +19% QoQ). Gross margin expanded QoQ to ~50% (from 44% in 4QFY21)Valuation and view – Maintain BUY - The management guided for debottlenecking of its existing units in the near term, even as it evaluates its plans for the next three-to-five years 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.

Nocil Ltd

4QFY22 Results Update - NOCIL