All posts by : Harsh Shah

Britannia Industries Ltd. 
Packaged Foods
FV – Rs 1; 52wks H/L – 3472.05/2610.03; TTQ – 0.24 Lacs; CMP – Rs 2867.20 (As On June 19^th, 2019);                      
Market Cap – Rs 68904.06 Cr.

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

Consolidated Financial Trends (Rs. Cr):

Management:

Chairman: Nusli N Wadia

Managing Director: Varun Berry

Chief Financial Officer: N. Venkataraman

Company Secretary: Jairaj Bham

Major Non Promoter Holdings:

Overview:

• Britannia Industries is one of India’s leading food companies with a 100 year legacy and annual revenues in excess of Rs. 9000 Cr.
• They manufacture India’s favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India.
• Britannia’s product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt.
• Britannia Bread is the largest brand in the organized bread market with an annual turnover of over 1 lac tons in volume and Rs.450 crores in value.

Mahindra Lifespace Developers Ltd.
Realty
FV – Rs 10; 52wks H/L – 669/351.9; TTQ – 1626 Lacs; CMP – Rs 409 (As On June 18^th, 2019);
Market Cap – Rs 2100 Crs

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

Consolidated Financial Trends (Rs. Cr):

Management:

Mr. Arun Nanda : Chairman

Ms. Anita Arjundas : Managing Director & Chief Executive Officer

Mr. Suhas Kulkarn : Company Secretary

 Major Non Promoter Holdings:

Overview:

• Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the USD 20.7 billion Mahindra Group, and a pioneer of sustainable urbanisation in India.
• The Company is committed to transforming India’s urban landscape through its residential developments under the ‘Mahindra Lifespaces’ and ‘Happinest’ brands.
• Mahindra Lifespaces delivers innovative customer-focused solutions that are rooted in a legacy of trust and transparency.

Birla Corporation Ltd. 

Cement and Cement Products

FV – Rs 10; 52wks H/L – 818.75/440; TTQ – 2522 Lacs; CMP – Rs 623.70 (As On June 17, 2019);           

Market Cap – Rs 4802.82 Rs. Cr.

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

Consolidated Financial Trends (Rs. Cr):

Management:

Harsh V. Lodha : Chairman

Bachh Raj Nahar : Managing Director

A. Saraogi : Chief Financial Officer

Major Non- Promoter Holdings:

Caplin Point Laboratories Ltd.
Pharmaceuticals
FV – Rs 2; 52wks H/L – 535/304.75; TTQ – 4274 Lacs; CMP – Rs 425 (As On June 14, 2019);
Market Cap – Rs 3215 Crs

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

Consolidated Financial Trends (Rs. Cr.):

Management:

Mr. C. C. Paarthipan: Chairman

Dr. Sridhar Ganesan: Managing Director

Muralidharan D: Chief Financial Officer

Vinod Kumar S: Company Secretary

Major Non – Promoter Holdings:

Overview:

• Caplin Point was established in 1990 to manufacture a range of ointments, creams and other external applications.
• The Company was listed in 1994 following its Initial Public Offering (IPO) which was oversubscribed 117 times, the proceeds of which were deployed in setting up a manufacturing facility at Pondicherry. Thereafter, the Company expanded its product range and increased its production capacity.
• The Company focused on the emerging markets of Latin America, Caribbean, Francophone and Southern Africa and is today one of the leading suppliers of Pharmaceuticals in these regions, with over 2800 product licenses across the globe.
• The Company is entering into the Regulated Markets for Injectables through its state of the art manufacturing facility, capable of handling Liquid Injectables in Vials, Ampoules, Lyophilized Vials and Ophthalmic dosages. The facility is approved by US FDA, EU-GMP, ANVISA-Brazil and INVIMA-Colombia.

DCM Shriram Ltd. 
Diversified
FV – Rs 2; 52wks H/L – 637/273.35; TTQ – 0.2 Lacs; CMP – Rs 502.7 (As On June 14, 2019);                      
Market Cap – Rs 8340 Rs. Cr.

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

Consolidated Financial Trends (Rs. Cr):

Management:

Mr. Ajay S. Shriram: Chairman & Senior Managing Director

Mr. Vikram S. Shriram: Vice Chairman & Managing Director

Company Secretary: Mr. Sameet Gambhir

Overview:

• DCM Shriram Ltd. is a leading business conglomerate with a group turnover of Rs. 7,771 crores.
• he business portfolio of DCM Shriram comprises primarily of
  1. Agri-Rural Business: Urea & SSP fertilizers, Sugar, Farm inputs marketing such as DAP, Crop care Chemicals, Hybrid Seeds
  2. Chlor-Vinyl Business: Caustic Soda, Chlorine,Calcium Carbide, PVC resins, PVC Compounds, Power and Cement.

• Value added business: Fenesta Building Systems- UPVC Windows & Doors

• DCM Shriram, across its various businesses is strategically diversified yet operationally integrated at a high level. Some of the businesses feed others, thereby lowering operation costs and making DCM Shriram a highly competitive player.
• DCM Shriram is amongst the most cost efficient producers of products and services in all its businesses and has been continuously striving to lower costs.

Timken India Ltd.
Industrial Machinery
FV – Rs 10; 52wks H/L – 783.90/495.85; TTQ – 639 Lacs; CMP – 674 (As On June 12^th, 2019);                      
Market Cap – Rs 5069.37 Crs

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

Management:

Chairman & Managing Director

Mr. Sanjay Koul

Directors

Mr. P. S. Dasgupta

Mrs. Rupa Mahanty

Mr. Bushen Lal Raina

Mr. Ajay K Das

Mr. Avishrant Keshava

Overview:

• Timken is a world-leading manufacturer of bearings and mechanical power transmission products, continuously improving its portfolio and related services to make global industries stronger.
• They plan to be the global leader in bearings and mechanical power transmission, continually improving performance, reliability and efficiency.
• The Timken Company designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, they continuously improve the reliability and efficiency of global machinery and equipment to move the world forward.
• They have state-of-the-art manufacturing plants in Jamshedpur and Raipur to serve local bearing market needs and beyond.

Major Non Promoter Holdings:

Dewan Housing Finance Corporation Ltd. (DHFL)
Housing Finance
FV – Rs 10; 52wks H/L – 690/97; TTQ – 16.44 Lacs; CMP – Rs 111.60 (As On June 5^th, 2019);                      
Market Cap – Rs 3502.26 Crs

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

Management:

 Mr. Kapil Wadhawan: Chairman and MD

Mr. Harshil Mehta: Joint MD and CEO

Overview:

• Dewan Housing Finance Corporation Ltd.(DHFL) is a deposit-taking housing finance company, headquartered in Mumbai with branches in major cities across India.
• For over three decades, DHFL has been providing easy access to affordable Housing Finance to realise home-ownership aspirations of millions of Lower and Middle income families in semi-urban and rural India.

Consolidated Financial Trends

News and Notifications

On 6^th June, 2019 Dewan Housing Finance Corporation Ltd. shares fell 15 percent intraday to hit five-and-half-year low on June 6 as rating agencies downgraded the rating on the commercial papers after the company defaulted on debt repayment.

The stock dropped into double-digit levels for the first time since February 4, 2019 and hit an intraday low of Rs 94.90, the lowest level since December 2013.

It has lost 86 percent of its value from the record high of Rs 690 touched on September 3, 2018. It was quoting at Rs 98.65, down Rs 12.95, or 11.60 percent on the BSE, at 9:30 Am.

Domestic rating agencies ICRA and Crisil, on June 6, downgraded the rating on Rs 850 crore worth of commercial paper of DHFL to ‘default’ from ‘A4’ due to the mortgage lender’s deteriorating liquidity condition.

Dewan Housing Finance (DHFL) had missed Tuesday’s interest payment deadline on a set of outstanding bonds, but the embattled company was in talks with financiers to help meet its Rs 1,000-crore-plus obligation within the seven-day grace period and prevent a default.

Multiple market sources stated that UTI Mutual Fund and some private sector lenders, including Axis Bank and IndusInd Bank, were among the investors that bought DHFL debt sold last year. Some individual investors are also said to have invested in these.

DHFL has been facing a cash crunch since September, when IL&FS defaulted on its payment obligations. The home financier has so far taken a two-pronged approach to raise money.

While it has been in talks with international private equity players to sell the promoter stake strategically, it has also been selling down loan portfolios.

Since the NBFC liquidity crisis began in September, DHFL has sold retail loans worth about Rs 30,000 crore via securitisation. In this period, the home financier has paid about Rs 40,000 crore of financial obligations.

1. https://www.moneycontrol.com/news/business/markets/dhfl-icra-crisil-downgrade-default-4067641.html
2. https://www.news18.com/news/business/dhfl-shares-crack-18-to-hit-over-5-year-low-after-crisil-icra-downgrade-ratings-2174315.html
3. https://economictimes.indiatimes.com/markets/stocks/news/dhfl-fails-to-pay-rs-1000-crore-interest-on-bonds/videoshow/69661490.cms
4. https://economictimes.indiatimes.com/markets/expert-view/not-prudent-to-exit-dhfl-now-kaustubh-belapurkar-morningstar/articleshow/69671265.cms

 Major Non-Promoter Holdings

Tirumalai Chemicals Ltd.
Speciality Chemicals
FV – Rs 1; 52wks H/L – 179.25/67; TTQ – 0.28 Lacs; CMP – Rs 77.75 (As On June 26, 2019);                      
Market Cap – Rs 796.07 Crs

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

Overview:

• Thirumalai Chemicals Limited (TCL) is a publicly listed company in India. TCL ranks among the largest producers in the world of Phthalic Anhydride, Malic Acid, Maleic Anhydride and Fumaric Acid.
• TCL is proud to make products that are used in people’s lives every day. We make and market products for the plastics, paints, food, cosmetic and pharmaceutical industries.
• With state of the art production facilities ensuring on-time delivery and logistics, TCL has built a reputation for excellence and reliability

Management:

Mr. R. Parthasarathy: Chairman & Managing Director

Mr. C.G. Sethuram: Chief Executive Officer

Mr. P. Krishnamoorthy: Chief Financial Officer

Mr. T. Rajagopalan: Company Secretary

Major non Promoter Holding:

Consolidated Financial Trends (Rs. Cr):