IIFL View
Go
  • United Breweries

    UBL is expected to regain volume growth momentum post reopening of outlets after the Supreme Court highway ban on alcohol clarification. Additionally, new product launches in premium products under in Heineken and Kingfisher brands will boost the company&rs...

    Buy Reco. Price: 1,095.00

  • Arvind Ltd

    Arvind’s demerger plan will form three separate listed entities: Arvind Ltd (textile business), Arvind Fashion (branded apparel business) and debt-free Anup Engineering (engineering business). We expect revenue CAGR of ~12% over FY18-20E owing to ...

    Buy Reco. Price: 399.00

  • Endurance Tech.

    Endurance has seen uptick in business from 2W OEMs due to increase in content per vehicle and faster growth in scooters vis-à-vis motorcycles. Implementation of 2W safety regulations (compulsory ABS/CBS) presents significant opportunity over...

    Accumulate Reco. Price: 1,225.00

  • India Cements

    Performance of India Cements (ICEM) was impacted in FY18, primarily due to significant demand pressure in Tamil Nadu (due to the sand mining ban) and pricing pressure. We estimate revenue CAGR of 6.5% over FY18-20E (~5.5% volume CAGR, pricing to remain weak...

    Reduce Reco. Price: 100.70

  • Tata Global

    Company is focusing on (a) turning around/selling loss-making entities, (b) cost rationalisation, and (c) thrust on new growth opportunities. We estimate muted revenue CAGR of 6% over FY18-20E (due to decline in international tea business and sale of Russia...

    Accumulate Reco. Price: 236.10

  • JSW Steel

    JSW Steel Ltd is expected to see revenue growth aided by (a) 3% CAGR volume growth in sale of steel products supported by government spending on infrastructure, (b) EBITDA margins are also likely to expand by ~300bps owing to better utilization lev...

    Buy Reco. Price: 305.00

  • Jyothy Lab.

    Jyothy Laboratories (JLL) is expected to witness volume boost owing to its power brands, newer products (toilet cleaner and plans to expand its product portfolio into Ayurvedic space) and passing of GST benefits, volume growth would be boosted. We expect th...

    Buy Reco. Price: 214.65

  • Godfrey Phillips

    Cigarette industry in India has been under pressure due to GST (de-stocking pre GST implementation and increased tax incidence post the GST implementation). Post GST implementation, company has undertaken price hikes in tandem with peers, ITC and VST Indust...

    Buy Reco. Price: 679.00

  • OCL India

    Dalmia Group’s proposed merger of Dalmia Bharat and OCL is expected to bring supply chain efficiencies and increased market share. Revenue and PAT CAGR is estimated at 10% and 33% over FY18-20E driven by (a) demand improvement in Eastern India (afford...

    Buy Reco. Price: 1,107.65

  • Birla Corpn.

    BCL has ~82% of its capacity in demand accretive Northern and Central regions. In addition, volume ramp up and efficiency gains from recently acquired Reliance Cement (RCCPL) plants and capacity addition is expected to drive 11% revenue CAGR over FY18-20E. ...

    Buy Reco. Price: 697.70