CR Financial

CR Financial THE NEW INDIA ASSURANCE CO LTD
India's premier multinational general insurance company

28/12/2022

Sales note on Hariom Pipes acquisition.....This acquisition will help them increase capacity by 50%, on a base capacity which has already doubled from last year's level. Almost 3x growth in capacity. This year they will do 60crs Ebidta, next year they are guiding for upwards of 200crs due to higher capacity

25/09/2022

30 വർഷം നീളുന്ന പരിചയ സമ്പത്തിന്റെ പിൻ ബലത്തിൽ നിക്ഷേപക ഉപദേശ സേവനങ്ങളുമായി ഡിബിഎഫ്എസ്. കൊച്ചിയിൽ സംഘടിപ്പിച്ച...

20/09/2022

DBFS 30 yr celebration highlights

12/09/2022

Initiating Coverage
Hindustan Aeronautics - Play on India's defense aerospace capex
Hindustan Aeronautics (HAL), India's only defense aerospace equipment manufacturer, has a large order book of INR 848 bn, boosted by the recently awarded INR 480 bn order to make 83 light combat aircrafts (Tejas). The company also stands to meaningfully benefit from INR 4.5 trn orders over the next decade. India is in the midst of modernizing its armed forces due to (1) obsolescence and (2) the geopolitical situation, and this should a ccelerate the procurement process of domestic defense products. HAL has demonstrated capability to develop military aircrafts and helicopters, in addition to those manufactured under license from foreign OEMs, along with developing their respective engines and accessories. Success in procuring orders from friendly countries can also significantly boost its growth outlook. We initiate coverage on HAL with BUY rating with a target price of INR 3,140, based on 25 x FY24E earnings.

11/07/2022

Tata Consultancy Services - Results tad lower than estimates; commentary suggest no slowdown alarm yet

Tata Consultancy Services (TCS) reported a mixed set of numbers in 1QFY23. In constant currency (CC) terms revenue growth of 3.5% QoQ is in line with our expectation. Growth was broad based across verticals, except regional markets. Deal wins remain at a decent USD 8.2 bn, in line with past quarters' average. Deal pipeline remain strong and evenly distributed with a mix of both small and large deals. Margin came in lower than expected at 23.1%, largely impacted by wage hike, higher subcontracting cost, travel expense, and attrition. Expect margin to bounce back to 25% levels by FY23.

The company management doesn't foresee indications of a slowdown and its client conversations gives it confidence on the deal pipeline and demand environment. Management reiterated demand drivers remain intact and deal pipeline remain strong across all categories-cloud adoption, operating model transformation, vendor consolidation, and G&T engagement. (Antique)

13/05/2022

4QFY22 Result Review

Larsen & Toubro - Marginal miss on estimates; Future ready with plans to foray in New-gen businesses

L&T's 4QFY22 operational result were marginally below our expectation on account of miss on estimated margins in the Core business segment. Core business margins stood at 10.3% vs est of 11.4%. With COVID-19 related challenges and uncertainties on a receding trajectory, Core business ex*****on is expected to witness to gain further traction and long term business prospects of L&T remains promising given infrastructure development (NIP of INR111t) and GATI Shakti remains key pivotal theme of Central government to revive and put Indian Economy on growth trajectory and we believe that L&T, India's largest infrastructure company would be key beneficiary of the same. Incrementally, L&T has plans to tap new business like Solar PV modules (applied for PLI license), Green Hydrogen (entered into MoU with HydrogenPro AS for Electrolyser manufacturing) and Edutech business to ensure it stays ahead of the curve with new gen business. We remain positive on the long term prospects of the company and maintain our Buy rating on the stock with revised SoTP target of INR2,220.

08/05/2022

*സാമ്പത്തികമാന്ദ്യം ഒഴിവാക്കാൻ പതിനെട്ടടവും പയറ്റിക്കൊണ്ട് ലോകരാജ്യങ്ങൾ*

അമേരിക്കൻ ഫെഡറൽ റിസർവ് അടിസ്ഥാന പലിശ നിരക്ക് ഉയർത്തി | ബ്രിട്ടൻ, UAE, ഓസ്ട്രേലിയ, ഹോംഗ് കോങ്ങ് തുടങ്ങിയ രാജ്യങ്ങളിലെ കേന്ദ്ര ബാങ്കുകളും അടിസ്ഥാന പലിശ നിരക്കുകൾ ഉയർത്തി | ഇന്ത്യയിലെ Monetary Policy യും Fiscal Policy യും | CRR ഉം Repo Rate ഉം വർദ്ധിപ്പിച്ചു | ശ്രീലങ്കയിൽ ചരിത്രത്തിലെ ഏറ്റവും ഉയർന്ന പണപ്പെരുപ്പം | ഇന്ത്യൻ രൂപയുടെ മൂല്യം ഇടിയുന്നു | വസ്ത്രനിർമ്മാണ മേഖലയെ പ്രതിസന്ധിയിലാക്കി കൊണ്ട് പരുത്തി നൂലിന്റെ വില വർദ്ധനവ് | ഭക്ഷ്യഎണ്ണ വില വർദ്ധനവ് ഇന്ത്യൻ സമ്പത് വ്യവസ്ഥയെ ബാധിക്കുന്നു | പാചക വാതകത്തിന്റെ വില കുതിച്ചുയരുന്നു | റഷ്യയിലേക്കുള്ള കയറ്റുമതി ബിസിനസ് ഇന്ത്യ വർദ്ധിപ്പിക്കുന്നു | ആഗോള തലത്തിൽ വിനോദസഞ്ചാര മേഖലയിൽ ഉണർവ് | LIC യുടെ IPO ഓവർ സബ്സ്ക്രൈബിഡ് ആയി | ഓഹരി വിപണിയിൽ കഴിഞ്ഞയാഴ്ച | മ്യൂച്വൽ ഫണ്ട് നിക്ഷേപങ്ങൾ | FinLyf - May 08

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