Monthly Archives: September 2015

JK Tyre & Industries Ltd
Auto Tyres & Rubber Products
FV – Rs 2; 52wks H/L –162.95/78.25 ; TTQ – 66 K; CMP – Rs 102.25 (As On September 28th 2015; 10:20) ;                       

     Market Cap – Rs 2329 Crs

Consolidated Financials and Valuations for FY15 (Amt in Rs Crs unless specified)

 *On 18^th Dec, 2014 Stock Split from Rs.10 to Rs.2.

Consolidated Financials and Valuations for Q1 FY16

Key Updates:

• JK Tyre has has signed a binding agreement withBK Birla flagship Kesoram Industries to acquire 100% equity in a tyre unit in Haridwar for Rs.2200 Crs.
• The company has established 17 Truck Radial Tyre Care centres, which operate along all major National Highways on 365 day, 24*7 basis.
• It has also established 16 truck radial total solution showrooms branded “truck Wheels”.
• The first company to introduce unique concepts like “Dial-a-Tyre” and only company to launch 24*7 on-road tyre assistance initiative called “Fix-a-Tyre”.
• JK Tyre is expecting its Rs.1430 crore expansion plan near Chennai and is expected to be completed by mid-2015.

Overwiew:

Part of the JK Organisation, JK Tyre & Industries Ltd is a leading tyre manufacturer in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments in the four wheeler automobile industry. The company has global presence in 100 countries across six continents with six plants in India and three in Mexico. Currently, the capacity across 9 plants exceeds 20 million tyres per annum. The company is the leader in Truck Bus Radial Segment. JK Tyre offers tyres for –

• Truck/Bus
• LCV
• Passenger Cars
• MUV
• Tractors

The company is the manufacturer of India’s largest OTR tyre weighing 3.7 tons and 12 feet high. The nationwide network comprises of 143 selling locations, 4000 dealers and over 120 retail outlets.

Clientele & Partners :

• Maruti Suzuki
• Honda
• Ashok Leyland
• General Motors
• Eicher
• Volvo
• Volkswagon
• Nisaan
• Caterpillar India

        Bulk Deals:    

Management:

• Raghupati Singhania – CMD.
• Bakul Jain – Director.
• Ashok Kumar Kinra – CFO.

The Equity Capital is @ Rs.45.36  Crs consisting of 226813480 equity Shares of FV Rs 2 currently held as under

None Of the Promoter’s Holding is Pledged.

Major Non-Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

Peer Comparison:

INOX Leisure Ltd
Speciality Retail
FV – Rs 10; 52wks H/L –269.6/145 ; TTQ – 13 K; CMP – Rs 224.05 (As On September 21st 2015; 14:30) ;                          

  Market Cap – Rs 2161 Crs

Consolidated Financials and Valuations for FY15 (Amt in Rs Crs unless specified)

Consolidated Financials and Valuations for Q1 FY16

Overwiew:

INOX leisure Ltd is a part of the INOX group of companies which has diversified interests and a significant market leadership position across various verticals, including industrial gases, chemicals, refrigerants, engineering plastics renewable energy and entertainment. INOX Leisure is the second largest operator in the country today, 1^st being PVR. Over the last decade the company has aggressively scaled up through organic and inorganic expansion from two properties and 8 screens in FY03 to a whopping 383 screens and 99 multiplexes till today. The company accounts for about 19% of the multiplex screens in India and about 7% share of aggregate domestic box office collections in the country. The company has built a very strong brand reputation with its premium multiplex properties, state of the art technology, unmatched service and ambience.

       Key Updates:

• The company has strong partnerships with over 50 leading Indian and global brands offering a huge potential for advertising and other ancillary revenue growth.
• The company expects robust results in the second quarter with movies like Baahubali, Bajrangi Bhaijaan, Dhrishyam, Brothers, Mission Impossible 5, Phantom etc. hitting the box office collections.
• The company in future wants to focus on the growth of high margin segments of cinema advertising and Food & Beverages.
• The Indian film industry expects growth touching Rs. 204 Billion in revenues by 2019 with a CAGR growth of 10.6%.
• Cinema advertising is a 490 crore market, projected to reach 1,382 crore by 2019.
• The advertisement revenue/screen has improved from ` 0.8m/screen in FY2011 to ` 2.3m/screen in FY2015.
• Food & Beverage spend per head has increased to Rs.55 from Rs.41.
• The company has issued paperless tickets in few cities.

Block Deals:

 Bulk Deals:

Management:

• Deepak Asher – Director
• Alok Tandon – CEO
• Upen Shah – CFO

The Equity Capital is @ Rs 96  Crs consisting of 96457754 equity Shares of FV Rs 10 currently held as under

None Of the Promoter’s Holding is Pledged.

Major Non-Promoter Holdings:

Standalone Financial Trends (In Rs.Crs) :

Peer Comparison:

        Risks:

• Ticket pricing and show timings regulated by some States.
• High taxation restrains sector’s growth. ( High Entertainment tax)
• Timely execution of expansion plan.
• Cable and satellite rights.
• Direct competition from peers.

Kovai Medical Center & Hospital Ltd
Electric Utilities
FV – Rs 10; 52wks H/L –928.25/308 ; TTQ – 2 K; CMP – Rs 799 (As On September 1st 2015; 14:04) ;                           

 Market Cap – Rs 871.02 Crs

Consolidated Financials and Valuations for FY15 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for Q1 FY16

Overwiew:

Kovai Medical Center and Hospital Ltd (KMCH) is an India-based company engaged in the running of hospitals. The Company’s hospital provides facilities, such as medical facilities, surgical facilities, diagnostic facilities, rehabilitation centers and a wellness center. It consists of 20 operation theatres and medical paraphernalia including Varian Trilogy Linear Accelerator, Positron emission tomography–computed tomography (PET-CT) Scan, 3T (magnetic resonance imaging) MRI, 500 slice Volume CT Scanner, Endo Bronchial Ultra Sound (EBUS), 4D Ultra Sound Scanner, Bi Plane Cath Lab, Cardiac Electrophysiology Lab, Bone Mineral Densitometer, Digital Mammography, Laser equipment, Video Endoscope and Operating Microscope, Auto analyzer, Computer Assisted Navigation for hip and knee replacements, and Laser for removal of kidney stones.

Major Non-Promoter Holdings: