External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>While projects business revenue declined 19.2% to Rs 13.1 crore, it is EBIT positive with 7.8% margin (vs. Rs 8.2 crore EBIT loss in Q3FY21) indicating a turnaround. In FY21, this segment reported revenue at Rs 24.7 crore, down 47.4%, YoY badly affected by project headwinds. However, we expect projects business focus to be on project closures of legacy projects and focus only on profitable projects in flares and process equipment, going forward. AWL has provided Rs 15.5 crore as provision for doubtful debt and bad debt written off in projects business as one-time clean-up of books.</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>

While projects business revenue declined 19.2% to Rs 13.1 crore, it is EBIT positive with 7.8% margin (vs. Rs 8.2 crore EBIT loss in Q3FY21) indicating a turnaround. In FY21, this segment reported revenue at Rs 24.7 crore, down 47.4%, YoY badly affected by project headwinds. However, we expect projects business focus to be on project closures of legacy projects and focus only on profitable projects in flares and process equipment, going forward. AWL has provided Rs 15.5 crore as provision for doubtful debt and bad debt written off in projects business as one-time clean-up of books.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.

ADORWELD: While projects business revenue declined 19.2% to Rs 13.1 crore, it is EBIT positive wi...

Ador Welding

ADORWELD: While projects business revenue declined 19.2% to Rs 13.1 crore, it is EBIT positive wi...