archive-in.com » IN » S » STOCKSMANTRA.IN

Total: 279

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Speciality Restaurants
    o Y increase in the revenues The cover turnaround ratio of Mainland China Speciality s core brand stood in the range of 1 5 1 65x in Q3FY2013 as against 1 53x in Q3FY2012 The management has indicated that it intends to undertake a price increase of around 4 5 by March April 2013 The company has maintained its restaurant target rollout plans at 15 16 restaurants per annum under the company owned and operated model Performance snapshot In Q3FY2013 Speciality s total revenues including the income from operations grew by 14 2 year on year YoY to Rs61 2 crore which was in line with our expectation of Rs61 3 crore The growth was predominantly due to addition of new restaurants in the recent past while the cover turnaround ratio and footfalls per restaurant remained under pressure due to inflationary and uncertain macro environment The increase in operational cost due to addition of new restaurants coupled with additional cost incurred towards operationalisation of Mizuna brand led to a 281 basis points Y o Y decline in the operating profit margin OPM to 16 8 However the same has improved on a sequential basis by 255 basis points during the quarter Hence the operating profit stood flat on a Y o Y basis to Rs10 3 crore slightly better than our expectation of Rs9 8 crore However on account of a higher other income and lower incidence of tax the reported profit after tax PAT grew by 38 7 YoY to Rs6 7 crore in Q3FY2013 which was in line with our expectation of Rs6 6 crore Outlook and valuation Speciality remains a leading player in the Indian fine dining space Its Mainland China brand remains a market leader for Chinese cuisine The fine dining segment is currently under penetrated

    Original URL path: http://stocksmantra.in/index.php?option=com_content&view=article&id=203:speciality-restaurants-stock-recommendation-05-59-12&catid=80&Itemid=496 (2016-05-01)
    Open archived version from archive

  • CanFin Homes
    lower than our estimates as the net profit grew by 17 4 year on year YoY to Rs12 64 crore This was due to a higher than expected rise in the operational expenses as the company added new branches 15 branches in M9FY2013 and manpower the cost of which was largely reflected in Q3FY2013 The net interest income NII growth remained strong as it grew by 18 5 YoY to Rs29 crore higher than our estimate This was driven by a strong growth in the advances which increased by 16 QoQ and stable margins The operational expenses increased by 83 YoY driven by a sharp increase in the employee expenses up 43 4 YoY and other expenses up 115 The new branch additions increase in the remuneration and new recruitments about 50 employee added in M9FY2013 raised the costs on a year on year Y o Y basis In addition the bank provided Rs2 20 crore Rs0 8 crore in Q2FY2013 towards the standard asset provision This was partly offset by the reversal of Rs1 9 crore of provisions towards doubtful advances which were no longer required Valuation and outlook CanFin Homes operational performance remained strong though the profit growth

    Original URL path: http://stocksmantra.in/index.php?option=com_content&view=article&id=193:canfin-homes-stock-recommendation-10-53-23&catid=80&Itemid=496 (2016-05-01)
    Open archived version from archive

  • Federal Bank
    growth in earnings The NII growth also came in below our estimate as it declined by 5 8 YoY down 1 7 quarter on quarter QoQ to Rs497 4 crore This was due to the interest reversal to the tune of Rs30 crore and rise in the cost of deposits The net interest margin NIM declined by 9 basis points sequentially to 3 49 vs 3 58 in Q2FY2013 The business growth improved as advances grew by 18 9 YoY up 8 8 QoQ during the quarter led by a growth in the retail small and medium enterprise SME and agricultural advances On the other hand the deposits grew by 10 4 YoY up 4 2 QoQ backed by a higher growth in the current account and savings account CASA balances The CASA ratio improved by 47 basis points sequentially to 29 4 The asset quality deteriorated as the gross and the net non performing assets NPAs increased to 3 85 and 0 92 respectively The gross slippages were higher at Rs422 crore vs Rs147 crore in Q2FY2013 contributed by one lumpy corporate account of Rs200 crore However the bank restructured Rs217 crore worth of loans in Q3FY2013 taking the

    Original URL path: http://stocksmantra.in/index.php?option=com_content&view=article&id=191:federal-bank-stock-recommendation-10-49-38&catid=80&Itemid=496 (2016-05-01)
    Open archived version from archive

  • Wipro
    any uptick with a compounded quarterly growth rate CQGR of 0 04 However the price realisation continues to see a decent uptick 3 4 onsite and 3 6 offshore Notably this was the second consecutive quarter of an uptick in the realisation For the quarter the revenues were up by 2 4 quarter on quarter QoQ to 1 577 2 million broadly in line with our expectation of 1 580 6 million and met the mid level of guidance range 1 560 1 590 million On a constant currency basis the revenues were up by 2 QoQ The consolidated revenues were up by 2 9 QoQ and 10 8 YoY to Rs10 948 7 crore Guides to a soft 0 5 3 0 growth for Q4FY2013 Wipro has guided to a 0 5 3 0 Q o Q growth in the revenues to 1 585 1 625 million The management has attributed the soft guidance to the uncertainty surrounding the timing of the deal ramp up reflected in the increased range of guidance band increase of 50 basis points the last quarter s guidance was in the range of 1 2 3 2 Margin sees a marginal improvement better than expected The information technology IT services business EBIT margin showed a marginal improvement of 10 basis points to 20 8 driven by productivity improvement the fixed priced projects up by 3 3 QoQ On the other hand the S M sales and marketing cost went up by around 9 QoQ The management expects investments to continue in the S M space and margins are expected to remain in a narrow band in the medium term Net income up 6 6 QoQ For Q3FY2013 the net income rose by 6 6 QoQ to Rs1 716 4 crore ahead of our expectation

    Original URL path: http://stocksmantra.in/index.php?option=com_content&view=article&id=190:wipro-stock-recommendation-10-48-55&catid=80&Itemid=496 (2016-05-01)
    Open archived version from archive

  • ITC
    basis The hotel business and the paperboard paper and packaging PPP business continued to disappoint with a muted performance during the quarter Quarterly performance snapshot The income from operation including the other operational income grew strongly by 22 8 YoY to Rs7 712 1 crore in Q3FY2013 ahead of our expectation of Rs7 128 5 crore The strong top line growth could be attributed to 17 2 Y o Y revenue growth in the core cigarette business around 30 Y o Y revenue growth in the non cigarette FMCG business and 43 Y o Y revenue growth in the agri business during the quarter The gross profit margin GPM declined by 506 basis points YoY to 60 1 and the operating profit margin OPM declined by 89 basis points YoY to 37 1 during the quarter Hence the operating profit grew by 20 0 YoY to Rs2 857 8 crore and the reported profit after tax PAT grew by 20 6 YoY to Rs2051 9 crore Segmental performance The revenues of the cigarette business grew by 17 2 YoY to Rs6 808 5 crore which was largely in line with our expectation for the quarter The PBIT margin of the cigarette business improved by 106 basis points YoY to 32 8 largely on account of higher sales realisation on a Y o Y basis during the quarter The non cigarette FMCG business posted a stellar performance with revenues growing by 30 YoY to Rs1 789 5 crore The losses of the non cigarette FMCG business were down by around 49 YoY during the quarter Despite a strong season for the hospitality sector in India the revenues of ITC s hotel business grew by just 11 0 YoY to Rs309 5 crore and the PBIT margin was down by 46 YoY

    Original URL path: http://stocksmantra.in/index.php?option=com_content&view=article&id=189:itc-stock-recommendation-10-48-07&catid=80&Itemid=496 (2016-05-01)
    Open archived version from archive

  • Sintex Industries
    beats estimate forex loss drags down bottom line For Q3FY2013 Sintex Industries Sintex results were ahead of our expectation on the top line front The company posted a robust net sales growth of 23 year on year YoY to Rs1 427 2 crores aided by a strong performance from the custom moulding and monolithic divisions The operating profit grew by 34 7 YoY to Rs219 8 crore However the net

    Original URL path: http://stocksmantra.in/index.php?option=com_content&view=article&id=192:sintex-industries-stock-recommendation-10-51-44&catid=80&Itemid=496 (2016-05-01)
    Open archived version from archive

  • Speciality Restaurants
    next many years Along with an exponential growth in the quick service restaurants QSR eg KFC Domino s and McDonald s within the organised segment the fine dining full service restaurants are also expected register a healthy high double digit growth rate for several years Speciality a reputed player with leading and established brands With a portfolio of well established brands including core brands Mainland China Sigree and Oh Calcutta Speciality Restaurants Ltd Speciality is a leading player in the fine dining space Its value for money proposition to offer five star quality food ambience and services at affordable rates has enabled it to successfully expand its chain of restaurants to over 80 restaurants spread across 22 cities in India The management aims to open around 15 restaurants annually over the next three years and is well funded to achieve the target Consequently we expect Speciality s revenues to grow at a compounded annual growth rate CAGR of 31 5 over the next three years Focus on improving margin expansion In addition to its expansion driven growth strategy the company s management is focusing on increasing the share of its flagship brand Mainland China which has a 30 35 operating profit margin OPM as compared with a blended margin of close to 20 at the consolidated level in FY2012 The company is also taking initiatives through the use of technology and centralisation of processes to improve its efficiency Consequently the management expects to improve the blended margin by 200 300 basis points over the next few years Strong balance sheet with little threat of further equity dilution in the near term Speciality has an asset light business model as all its properties are leased and this aids optimal utilisation of capital for efficiently managing the restaurants at various locations Its

    Original URL path: http://stocksmantra.in/index.php?option=com_content&view=article&id=175:speciality-restaurants-stock-recommendation-01-02-04&catid=80&Itemid=496 (2016-05-01)
    Open archived version from archive

  • Sanghvi Forging & Engineering Ltd
    follow i form search Today Add I read today Home page Login Register Sitemap Contact us Sanghvi Forging Engineering Ltd Details Written by Rajesh Kumar Category Recommended Stock Published 03 December 2012 Hits 1241 Print Email Stock Name Sanghvi Forging Engineering Ltd Industry Construction and Engineering Recommended by CRISIL Research Recommendation Date 2012 12 28 Foundamental Grade 2 5 Valuation Grade 5 5 Current Market Price 38 Target Price 61

    Original URL path: http://stocksmantra.in/index.php?option=com_content&view=article&id=174:sanghvi-forging-engineering-ltd-stock-recommendation-23-31-28&catid=80&Itemid=496 (2016-05-01)
    Open archived version from archive



  •