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