Suzlon Energy~ A Multibagger in making | 2023

"No Shares are good but the price you enter makes it good" 

NSE: SUZLON - 20th Feb, 2018              Closing Price 13.00

 About Suzlon Energy Limited 

Suzlon Energy is the pioneer and leader in renewable energy solutions business. Suzlon is the market leader in India with global presence in Asia, Australia, Europe, Africa, North and South America. Over the past two decades, Suzlon has expanded and strengthened its presence in 19 countries. The group has 15 manufacturing plants in India and China as joint venture. With dynamic employs more than 8,000 employees, Suzlon is proud to promote a culture that respects and empowers the community as the most valuable assets of the company. Suzlon Energy is the market leader in India with more than 100 wind turbines with an installed capacity of over 10 GW distributed in 9 countries. Suzlon is credited with the development of a number of Asia's largest operational offshore wind farms in Gujarat, Rajasthan, Maharashtra and Tamil Nadu. These Kutch (Gujarat) and Jaisalmer (Rajasthan) from Suzlon wind farm to date have a cumulative installation of about 1,200 MW each. Suzlon diverse customer portfolio includes companies from a wide range of industries, including private and public companies, energy suppliers and independent power producers. To Know more about Suzlon Energy Limited and its product portfolio you may visit its official site here>>>

 Key numbers; (Standalone) 

• MARKET CAP (RS CR): 22457 
• P/E: 7.89
• BOOK VALUE (RS) : 1.23
• DIV (%) : 0.00%
• INDUSTRY P/E: 28.72
• EPS (TTM) : 2.3
• PRICE/BOOK : NA
• FACE VALUE (RS) : 2.00

*Source: moneycontrol 

Inception of a turnaround story.....The worst is over now

SRF: A Solid long term bet

SRF makes larger bets on chemicals to replicate its recent success

The company plans to invest Rs 3,000 crore per annum on an average in the next five years, up from Rs 2,000 crore in FY22

SRF has done phenomenally well by expanding into chemicals and packaging films businesses. Consolidated revenue grew by about 19 percent per annum in the last five years on an average. And as Ashish Bharat Ram, credited for transformation of SRF, assumes the role of chairman and managing director, the company is scaling up its bets on the chemicals business.

The company plans to invest Rs 15,000 crore in the next five years. About three-fourth of this or Rs 12,500 crore is committed towards the chemicals business. “As we grow our revenues, we will continue to invest in this business to sustain healthy growth rates over the next few years,” Ashish Bharat Ram said in SRF’s latest annual report, referring to chemicals segment.

The Rs 15,000 crore investment plan implies an average annual capex of Rs 3,000 crore in the next five years. It is a major step-up from recent years and illustrates growing confidence at SRF in the chemicals business, which generated 42 percent of the company’s sales in FY22.

The company was investing Rs 1,000-1,200 crore per annum till a few years back, point out analysts at ICICI Securities. This increased to Rs 1,800 crore at the standalone unit and Rs 2,000 crore at the consolidated level last year. A large portion of FY22 capex is invested in chemicals.

According to analysts, SRF aims to grow its chemicals business at around 20 percent annum in the next five years. The investments are primarily targeted at agrochemicals, pharmaceuticals and fluoropolymers. The company plans to gain technical capabilities and aims to produce more value-added products. In agrochemicals, for instance, SRF currently exports one active ingredient. It has 8-9 active ingredients in the pipeline, which are likely to be commercialised over the next 1-3 years. Similarly, it plans to increase focus on the pharmaceutical intermediary products.

Apart from chemicals, SRF also plans to invest in the packaging films business, though in a more gradual manner. Of the Rs 15,000 crore, Rs 2,500 crore is estimated to be invested in this business.

The investments will further transform SRF. Analysts estimate the share of chemical business to SRF’s total revenue to cross 50 percent by FY25. The contribution from technical textiles which constitutes tyre cord fabrics is projected to decline further.

Readers may note that SRF was predominantly a nylon tyre cord fabrics manufacturer till about a decade back, which generated about 47 percent of the company’s sales in FY12. As SRF expanded in chemicals business, tyre cord fabrics’ contribution to revenue declined to 16 percent in FY22.

The demand drivers are not hard to find. Import substitution, contract manufacturing and diversification of sourcing from global innovators away from China are expected to aid SRF’s growth in chemicals business. While this hold SRF in good stead, investors should watch out for risks.

One is the volatility in commodity prices. A prolonged slowdown in the global economy can weigh on demand and chemical prices. This can crimp profit margins of manufacturers such as SRF. The profitability and business growth of the refrigerant business is contingent on favourable global market dynamics. The refrigerant business worldwide is seeing a change in regulations due to pollution concerns. Excess supply or adverse market developments can hit prices.

Also, investors should note the expensive valuations of the stock. At about 26 times the FY24 earnings estimates, the stock is not cheap to own, however, compelling the growth story may be.

Jindal Saw Stock Idea : INTEGRATED INFRASTRUCTURE PROXY

JINDAL SAW: FULLY INTEGRATED INFRASTRUCTURE PROXY 

Jindal Saw - LTP 139 (As on 02.08.2021)

Jindal SAW Ltd. is the market leader capacity wise in manufacturing of large diameter Submerged Arc Welded (SAW) Pipes using U-O-E, J-C-O and Helical processes. The SAW Pipes are mainly used in transportation of Oil, Gas, Slurry and Water.

The first SAW Pipe mill (UOE) was commissioned in the year 1987 in Kosi Kalan, Uttar Pradesh. With the opening of this mill, Jindal SAW Ltd. became the first Pipe mill to produce LSAW Pipes in India.

Jindal SAW Ltd. has manufactured and supplied more than 36,000 kms of Line pipes & exported in excess of 17,000 Kms of Line pipes for on-shore and off-shore pipeline projects across the world. This division is the market leader in its segment in India and has supplied pipes for major pipeline projects in the Middle East, North America, Latin America, Africa, Europe, Australia, CIS and Asia.

Key Highlight

• Jindal Saw is the only company in the world that provides Total Pipe Solutions 
• Jindal Saw is 2nd largest Pipe exporter in Asia Pacific region 
• It is 3rd largest producer of DI Pipes in the world 
• Jindal Saw has shown a big margin expansion aided by Higher Realisation.

 Stock is bullish after Spectacular Q1 Results 

Q1 Result Highlights: Q1FY22 vs Q1FY21

▪️ Volumes at 0.62 MT vs 0.39 MT (+59% YoY)
▪️ Realisation/T came at 38740 cr vs 34214cr (+13.2% YoY)
▪️ Revenue at 2417cr vs 1346cr (+80% YoY)
▪️ EBIDTA at 355cr vs 151cr (+135% YoY)
▪️ EBITDA Margin came at 14.7% vs 11.2% (+350bps YoY)
▪️ PAT at 146cr vs loss of 27cr
▪️ EPS of 4.78 vs (0.29)

FY22E EPS of 25 easily achievable as Q4 is always peak performance quarter and co has already delivered superb performance during Q1.

Co trades at just 5.5X FY22E EPS 

▫️Jindal Saw is the market leader capacity wise in manufacturing of large diameter Submerged Arc Welded (SAW) Pipes

▫️Jindal Saw also provides relevant, value-added services by way of specialized internal and external Anti-Corrosion Coatings, Connector Casings, Hot Pulled Induction Bends etc

▫️Co has 8 state of the art Pipe manufacturing plants under operation

▫️Exports to more than 40 countries

Co has exported approx 17000 KM of higher API grade pipes & has the highest customer reach by any Indian Pipe manufacturer

▫️ Co is backward integrated as it has Iron Ore mines in Rajasthan 

▫️ The Integrated Greenfield project of Ductile Iron pipe & Pig Iron is located close to Mundra & Kandla ports 

 Products: 

• Saw Pipes  
• Ductile Iron Pipes & Fittings  
• Carbon, Alloy, 
• Stainless Steel Pipes & Tubes  
• Pellets

 Even at a conservative P/E of 12x, stock price will reach 300 or even more 

 Jindal Saw deserves a P/E of at least 15x. TP at 15 P/E comes to Target Price of Rs. 375/- 

 Market Experts are bullish on Jindal Saw stock at CMP and advise a STRONG BUY

**Above Post is subject to market conditions. Personal due diligence advised

ICICI maintains BUY rating on the NCL Industries, Target 210

Buy NCL Industries for a target price of Rs 210

ICICI maintains BUY rating on the NCL Industries with a revised target price of Rs 210/share. They value the company on an SOTP basis. ICICI assigns EV/EBITDA multiple of 6.5x for the boards division on FY20E EBITDA while the cement business is valued at EV/tonne of US$50/t 

Read more >>>

About NCL Industries

NCL Industries Limited is engaged in manufacturing cement. The Company offers ordinary Portland cement (OPC), Portland Pozzolana cement (PPC), OPC 53 S cement, and Plain and laminated Cement Bonded Particle Boards. The Company's segments are Cement, Boards, Prefab structures, Hydel Power and Ready-Mix Concrete (RMC). The Company's cement manufacturing units are located at Simhapuri in the state of Telangana and Kondapalli in the state of Andhra Pradesh. Its boards plants are located at Simhapuri in the state of Telangana and Bhothanwali Village in the state of Himachal Pradesh. Its RMC plants are located at Hyderabad in the state of Telangana and Visakhapatnam in the read more >>>

Fundamental Analysis of NCL Industries Ltd  find here>>>

Latest Shareholding pattern of NCL Industries Limited

find here>>.

Earlier recommendation by stock brokers;

Research Reports

Jul 06, 2018:   Buy NCL Industries; target of Rs 210: ICICI Direct
Dec 13, 2017: Buy NCL Industries; target of Rs 305: ICICI Direct
Mar 15, 2017: Buy NCL Industries; target of Rs 265: Dolat Capital
Feb 28, 2012:  Buy NCL Industries; target Rs 90: Auctus Capital
Dec 03, 2007: Buy NCL Ind; target of Rs 120: IL&FS Investsmart

Read also; Suzlon Energy~ A Multibagger in making | 2018

Searches related to NCL Industries Stock;

NCL Industries Small cap, NCL Industries wiki, NCL Industries multibagger, NCL Industries research share price, NCL Industries Debt, Rain industries share price, Nagarjuna cement share price, NCL Ind share price target, Hidden Gems, Best Cement stocks, Micro cap cement stocks,

Chennai Petroleum: Buy This Multibagger Stock

Stock Idea; Chennai Petroleum Corporation Limited (CPCL)

CMP:    352.35 INR (As on 22nd Feb, 2017)                                     Target price : INR 510*

Chennai Petroleum.

Chennai Petroleum is one of the best stocks in refineries sector trading at a very low PE. This is a buy for a number of other reasons. Chennai Petroleum is a company that is into crude oil refining.

About the company

Chennai Petroleum Corporation Limited (CPCL) is an Indian state-owned oil and gas corporation headquartered in Chennai, India. Formed as a joint venture between Government of India, AMOCO and National Iranian Oil Company (NIOC), it was formerly known as Madras Refineries Limited (MRL). Chennai Petroleum is a public sector undertaking (PSU) and categorized as Miniratna-I.

Product portfolio;

The main products of the Chennai Petroleum are;

• LPG,
• High Speed Diesel,
• Motor Spirit,
• Bitumen,
• Lube Base Stocks,
• Superior Kerosene,
• Aviation Turbine Fuel,
• Naphtha,
• Paraffin Wax,
• Hexane,
• Petrochemical Feed Stocks and
• Fuel Oil.

Fundamentals;

Mar'17
(In Rs Cr)

Total Share Capital	1,149.00
Net Worth	4,441.10
Total Debt	4,497.72
Net Block	3,882.83
Investments	140.00
Total Assets	8,938.81

Valuation;

MARKET CAP (RS CR):    5,427.08

EPS (TTM):             60.81

P/E :                        5.99

INDUSTRY P/E:          9.56

BOOK VALUE (RS):   222.53

PRICE/BOOK:            1.64

DIV (%):                      210.00%

DIV YIELD.(%):         5.76%

FACE VALUE (RS):   10.00

Why Chennai Petroleum is a multibagger stock?

Chennai Petroleum is a multibagger stock which has risen from Rs. 51.75 in October, 2013 to Rs. 480 in October, 2017 i.e. it delivered more than 800% profit in just 4 years. Chennai Petroleum witnessed a fantastic years even in 2017-18 and the same trend is expected to continue.

The company has already reported an EPS of Rs 50 in the last three quarters of FY 2017-18.  An another Rs 15 to 18 EPS is expected in the fourth quarter, if it is then the twelve month trailing  (TTM) EPS will come around Rs 65 to 68. Hence at a current price of Rs 353 the stock of Chennai Petroleum is trading around P/E multiple of 5 only and at this price valuation is mouth watering. 

Chennai Petroleum is one of the best stocks in refineries sector trading at a very low PE. This is a buy for a number of other reasons. Chennai Petroleum is a company that is into crude oil refining. As long as crude oil prices remain subdued there is a complete scope for the stock price to rally. The company has also known for excellent dividend yield track record it recently declared a stupendous dividend of Rs 21 per share accounting for a tax free dividend yield of Rs. 5.75 % at current share price of Rs 353. 

Technical;

 On yearly chart the stock of Chennai petroleum is trading at Rs. 353 (as of 21th feb, 2018), it has support at Rs. 339 which is it’s 52 week low price too. On the top line it has made high of Rs. 480. Hence as a rule of thumb it is a buy at current price with a target of 475-480 (35% upside) with a stop loss of Rs. 335-340. Risk reward ratio is highly favorable in this stock.

Threats;

Chennai Petroleum is a company that is in crude oil refining business and therefore heavily depended on crude prices.

  

Other factors related to Chennai Petroleum

Mutual Funds Holding (As of 20^th Feb, 2018)

SCHEME	NO. OF SHARES
Aditya Birla Sun Life Bal. 95 Fund (G)	1,963,018
Aditya Birla Sun Life Pure Value Fund (G)	1,389,428
Aditya Birla Sun Life Small and Midcap Fund	681,710
Aditya Birla Sun Life Frontline Equity Fund	313,295

*Broker’s View;

KR Choksey in it's research report said that they expect Chennai Petroleum to fetch an EPS of INR 68.48 for FY18E, INR 107.05 for FY19E and INR 124.95 for FY20E. While at  CMP of INR 426, the stock is trading at 3.98x of its FY19E earnings and at 3.41x of its FY20E earnings. We recommend a BUY rating with a target price of INR 510. find detail report on chennai petro here here>>>

Best buy 2018 ~10 Small Cap Stocks Trading Below 50

Here is the latest list of some of the quality small cap stocks trading below Rs. 50 as of 19th Feb, 2018.
Tags; Top shares to invest,,most active shares below rs 50, best share to buy below 50 rs, best stocks to buy under rs 50, below 50 rupees shares NSE, list of NSE BSE stocks below Rs. 50, stocks below rs 50 India, below 50 rs shares in BSE. 

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1. First Source Solution Limited (FSL) @45.75

2. PTC India Financial Services (PFS) @ 31.65

3. SJVN @ 37.05

4.NHPC @ 28.25

5. Future Enterprises @ 42.20

6. Future Consumer @ 59.05

7. Sintex Industries @ 21.50

8. Sumeet Industries @ 25.60

9. Tanla Solution @ 30.90

10. Ujaas Energy @ 21.15

Read also; 

• Top 10 Low Priced Stocks with Sound Fundamentals
• Nifty likely to Hold 10k ; Best Stocks to Buy Now

Upcoming Posts;

• Small cap stocks list moneycontrol
• Top small cap stocks to buy now
• indian small cap stocks with big potential
• Best small cap stocks for 2018 india
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• below 50 rs shares in nse
• small cap stocks to buy and hold
• stocks below rs 50 in nse
• Best Multibagger Stocks below 50

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Nifty likely to Hold 10k Support level; Best Stocks to Buy Now

Indian market corrected sharply after making record high in November series. It failed to sustain and trade beyond that level. Today on 5th December, 2017 Nifty made low of 10,069 but Dalaal street's stock pundits  believe it should pause here and should make upward journey soon. They believe a sustained trading above 10k mark and any short covering from this level can push indices to 10350 level again on account of AB=CD chart pattern on Nifty.

Read also; Top 10 Low Priced Stocks with Sound Fundamentals

__________________________________________

"Present post is for education purpose only and should not be taken as stock recommendation. The price targets mentioned in this post are given by respective brokerage houses, read disclaimer at the footnote of this blog page before making any position in the stock."

__________________________________________

Nifty likely to Hold 10k Support level; Best Stocks to Buy Now

Here is the top pick by market experts for handsome return;

• 1. Gujarat Fluorochemicals Ltd @ 887.50
• 2. NMDC: @ 132.20
• 3. Balrampur Chini Mills Ltd : @ 151.50
• 4. Asian Paints @ 1,112.95
• 5. Coffee Day Enterprises @ 264.45
• 6. GlaxoSmithkline Pharma @ 2457.95
• 7. Nestle @ 7687.25
• 8. Marico @ 309.30
• 9. Hathway Cable @ 37.90
• 10. Shree Cements @ 16,951.95
• 11. Shriram City Union Finance @ 2,082.75
• 12. Colgate Palmolive India @ 1,038.00
• 13. LIC Housing Finance @ 563.90
• 14. IDFC Bank @ 53.65
• 15. Mindtree @ 540.90
• 16. Persistent Systems @ 650.00
• 17. Wipro @ 284.40

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Top 15 Quality Stocks Trading at Low P/E - List #1

Labels; Indian stocks with low pe ratio, Low pe stocks in India 2017, Low P/E stocks moneycontrol, Stocks with low P/E ratios and high dividends, Low P/E stocks BSE NSE, PEG ratio of Indian stocks 2017, Stocks with P/E less than 5, Multibagger penny stocks for 2017, Multibagger Small cap Indian stocks for 2020, List of midcap stocks in India, Best penny stocks India 2017, Indian penny stocks with good fundamentals, Large cap multibaggers stocks list NSE trading at low P/E, Stocks below Rs 10 in NSE/BSE, Indian good fundamental stocks with strong fundamentals 2017-18.

P/E ratio stands for 'Price to Earning', is one of the calculations for evaluation of stock, PE ratio or PE multiple is the easiest way to find undervalued or multibagger stocks. In most cases, it is not necessary to calculate the PE ratio of the shares because it is easily available on the Internet. Nevertheless, the calculation of the PE ratio of any stock is simple. P/E ratio is calculated dividing market price of the share by the net earning of the company. Simply the lower the PE is the cheaper a stock is said to be. It should further be noted that P/E should not a single parameter for your investment decision. An investor should first go through the fundamentals of the company then preference should be given to the low PE Stocks. 

Also read: latest list of Top 10 Low P/E Stocks

Here is the latest list of Top 15 Low PE Quality Stocks having sound fundamentals, you must have in your portfolio. All these stocks are trading at low PE. We have shortlisted these stock based on their P/E ratio (Price Earning Ratio) as well as some other parameters like fundamentals, Technical aspects, Book value, Dividend yield, Management efficiency etc. All the data have been taken from the official site of NSE, BSE and financial portal like Moneycontrol, Google finance and yahoo finance as on 18^th November, 2016.

Latest list of Top 15 Quality Stocks having sound fundamentals trading below low P/E;

1.     HCL Tech : CMP 763.85 P/E 15

            52 WK LOW/HIGH 706.40  889.90

2.      Infosys : CMP 920 P/E 14.98

            52 WK LOW/HIGH 901.00  1279.30

3.      JK Tyre & Ind : CMP 122.80 P/E 6.51

            52 WK LOW/HIGH 73.80  161.40

4.      Mirza Internatonal : CMP 72.95 P/E 10.93

            52 WK LOW/HIGH 72.10  145.00

5.      Munjal Auto : CMP  89 P/E 15.88

            52 WK LOW/HIGH 61.80  116.80

6.      Poddar Pigments : CMP  204.25 P/E 10.47

            52 WK LOW/HIGH 120.70  264.85

7.      Shemaroo Entertainment : CMP 324.85 P/E 13.54

            52 WK LOW/HIGH 221.10  374.90

8.      Sintex Industries : CMP 74.20 P/E 5.93

            52 WK LOW/HIGH 62.40  105.34

9.      Tech Mahindra : CMP 445.30 P/E 14.50 

            52 WK LOW/HIGH 405.50  564.00

10.  Trident : CMP 51.90 P/E 9.61

               52 WK LOW/HIGH 37.15  63.40

11.  FirstSource Solutions : CMP 35.25 P/E 8.18

               52 WK LOW/HIGH 28.65  53.65

12.  Genus Power Infrastructures : CMP 39.35 P/E 14.25

              52 WK LOW/HIGH 33.25  62.45

     13.  Cosmo Films : CMP 344.20 P/E 5.66

             52 WK LOW/HIGH 212.50  431.00

    14. Gujarat Alkalies and Chemicals : CMP   345.25 P/E 8.40

           52 WK LOW/HIGH 143.30  433.60

     15.  Noida Toll Bridge Company : CMP 13.00 P/E 3.32

           52 WK LOW/HIGH 11.50  27.85 ~Avoid this stock

Find video;

update:

This post was originally written on 20/11/2016, you may notice that some of the data has been changed. So we have made a fresh list of Top 10 Low P/E stocks to buy now click the link to read it or simply watch this video;

Please further note that this post is purely for education purpose and the author does not intent to any stock recommendation through this post, you must exercise due diligence or ask any stock market expert before reacting on current post. Please read our standard disclaimer.

Search Keywords; Low PE stocks in NSE, Low PE stocks India 2017, Low pe stocks moneycontrol, Stocks with low pe ratios and high dividends, Low PE stocks BSE NSE, Stocks with PE less than 5, Low PE stocks 2017, PEG ratio of Indian stocks 2017, Best Indian stocks to buy for long term investment, Best Indian stocks for long term investment 2016, Best stocks to buy in India November 2017, Top 10 stocks to buy in India 2017-18, Top 10 shares June 2017 at low P/E ratio. Quality shares trading below 10 PE November 2017. Multibagger stocks to invest in India 2020. Best stocks to buy in India for long term multibagger 2017. Good fundamental stocks to buy for long term. Hidden Gems, Long term Investment multibagger stocks in Indian Share market.

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Market at peak; Top 10 Mid cap & Small cap stocks that can return upto 50%

This year, the stock market witnessed a secular bulls race behind the steep inflows of foreign funds and the strong involvement of domestic investors, in a sense, that fueling various reform initiatives and plans for governments Promote economic growth inches.

To give perspective, the Sensex benchmark between May 16, 2014 and May 25, 2017, a huge 6.628 points, or 27.5 percent, rose when the index closed at a record level of 30,750.03.

Not just that, the broader markets, too, showed exemplary performance on the bourses with the BSE Small-cap Index zooming 88 percent and BSE Mid-cap Index spurting 83 percent during the period under review.

We have prepared a list of 10 small & mid cap stocks from different brokerage which investors can bet on every dip for a time horizon of 12 months:

Top 10 Mid cap & Small cap stocks recommendation by Broking Houses

Alkem Laboratories: CMP Rs. 1862*

BUY| Target Rs 2257

Angel Broking has given a price target of Rs. 2,257 with Buy rating. The broking house believes robust growth in domestic pharma business on back of its leadership in the acute therapeutic business. Not only domestic business but also this pharmaceutical company is all set to launch more products in the USA market.

Key Numbers:

• MARKET CAP (RS CR) :22,313.22
• EPS (TTM) : 67.89
• P/E : 27.49 
• INDUSTRY P/E : 25.26
• BOOK VALUE (RS) : 292.95
• DIV (%) : 635.00%
• DIV YIELD.(%) : 0.68%
• PRICE/BOOK :6.37
• FACE VALUE (RS) : 2.00

Dewan Housing Finance:  CMP Rs. 411*

BUY| Target Rs 520| Return 28%

Angel Broking maintains a buy recommendation on Dewan Housing with a target price of Rs 520. Dewan Housing Finance (DHFL) has a focus on the low and medium income (LMI) consumer segment. It has increased its presence in tier-II & III cities where the growth opportunity is immense.

Dewan Housing Finance (DHFL) focuses on the Small to Medium Income segment (LMI). It has its presence in Tier II and III cities where growth opportunities are huge and increasing more and more. 

Standalone Numbers;

• MARKET CAP (RS CR) : 12,889.34
• P/E : 4.45
• BOOK VALUE (RS) : 249.39
• DIV (%) : 80.00%
• INDUSTRY P/E : 25.33
• EPS (TTM) : 92.49
• PRICE/BOOK : 1.65
• DIV YIELD.(%) : 1.94%
• FACE VALUE (RS) : 10.00

Jagran Prakashan: CMP Rs. 179*

BUY| Target Rs225| Return 23%
Angel Broking has given a 12-month price target of Rs 225 with buy rating on Jagran Prakashan. The economic recovery should have a positive impact on the growth in advertising and circulation. In addition, the acquisition of a radio business (Radio City) would also increase the company's revenue growth, said the report by Angel Broking.

CESC: CMP Rs. 895

BUY| Target Rs 910| Return 7%

Edelweiss has given a price target of Rs 910 and maintains a Buy rating on CESC. CESC recently has undermined it's operations in 4 different segments; manufacturing, distribution, retail and IT & mall.

While the participation of the new companies would be similar to CESC, the split is a relatively logical division and one that seems appropriate to investors. It retains the intrinsic value and offers potential shareholders a more specific investment / game and a certain value / multiple expansion.

"We believe that the restructuring of the business segments (split between generation, sales and retail) will reposition the CESC in a way that will focus on every business segment," the note said.

Standalone Numbers;

• MARKET CAP (RS CR) : 11,901.63
• P/E : 13.79
• BOOK VALUE (RS) : 660.86
• DIV (%) :100.00%
• INDUSTRY P/E :15.27
• EPS (TTM) :65.10
• PRICE/BOOK :1.36
• DIV YIELD.(%) : 1.11%
• FACE VALUE (RS) : 10.00

Cholamandalam Invest & Finance (CIFC) : CMP Rs. 995*

 BUY| Target Rs 1140| Return 12%

Axis Securities has given a 12-month price target of Rs 1140 and maintains a buy rating Cholamandalam (CIFC). Cholamandalam Invest & Finance is now a Pan-India player with presence across 25 states via its over 700 branches and growing presence in Loan against property business (now 30% of AUM).

Standalone Numbers;

• MARKET CAP (Rs. Cr.) :15,937.96
• P/E : 22.18
• BOOK VALUE (Rs.) : 280.03
• DIV (%) : 45.00%
• INDUSTRY P/E : 35.01
• EPS (TTM) : 45.99
• PRICE/BOOK :3.64
• DIV YIELD.(%) : 0.44%
• FACE VALUE (RS) :10.00

Brokerage House Prabhudas Lilladher's Top pics

Glenmark Pharma: CMP Rs. 611*

BUY| Target Rs 974| Return 45%

Prabhudas Lilladher  has given a 12 month price target of  Rs 974 with Buy rating and believes that the company's rating is severely affected by the post-strong performance of Q4 FY-17 and it trades at a PE of 17x and 13x FY18-E and FY19-E earnings. Prabhudas Lilladher believes that current rating underestimates US growth potential in core business and gradually reduces gross debt while it unnecessarily overestimates the number of risks associated with ROW. 

Indraprastha Gas Ltd (IGL) : CMP Rs. 984

BUY| Target Rs 1,149| Return 16%

It is expected that IGL will report healthy volume growth over the medium term supported by the constant conversion of private vehicles and taxis. The increase in legal activism in view of greater pollution will make CNG the preferred choice of fuel. Prabhudas Lilladher has given a 12 month price target of Rs 1149 with Buy rating.

Jindal Steel & Power Ltd: CMP Rs. 118*

BUY| Target Rs 180| Return 59%

Jindal Steel & Power Ltd trades at cheap valuations with P/B of 0.7x, EV/EBITDA of 6x and EV/T of US$710, the domestic brokerage firm Prabhudas Lilladher values the stock at Rs180 with an estimated growth of this steel business at 6.5x FY19 and power operations (2,400MW) at Rs45m/MW. Supported by a wealthy portfolio of value-added products in slabs, RUBM, Rebar, MLSM; JSPL is the best placed to take advantage of the demand from a turnkey oil refinery, windmill, railways, defense and construction industry.

JK Lakshmi Cement: CMP Rs. 475*

 BUY| Target Rs 625| Return 28%

JK Lakshmi cement a well-know brand in Indian cement sector and with a 7% market share in the region, it is the fifth largest cement producer in North India. Growth of JK Lakshmi cement is well poised as one of the most efficient operations. It has a strong entry into the most profitable eastern region with a capacity of 2.7mtpa along with increasing consolidation in Gujarat. JKLC is one of the top pick of Prabhudas Lilladher in cement sector with 12 month target price of Rs. 625 at EV/EBITDA of 12x FY19E.

Sadbhav Engineering (SEL): CMP Rs. 315*

BUY| Target Rs372| Return 17%

The stock is trading at core PE of 15.1X FY18E earnings. Prabhudas Lilladher continues to believe SEL will be the key beneficiary of strong outlook in road sector and improving outlook in Mining and Irrigation sector notwithstanding the current quarter's under-performance. A sound budget and strong management team give us more comfort. Real Estate Company expects the company to deliver a CAGR of 23 percent of FY16-18E earning law. Healthy balance sheet and strong management continue to give us additional comfort. The brokerage firm expects the company to deliver 23 percent earning CAGR over FY16-18E.

*All prices are derived from NSE as on 25/05/2017

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The views and investment tips expressed by investment experts on Money n Business are their own, and not that of the website or its management. Money n Business advises you to check with SEBI certified experts before taking any action.

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