At this stage, it’s only a MOU that has been announced by Amara Raja with the State of Telangana. What finally comes out of it remains to be seen. (It’s important to keep a track of these announcements as it helps in understanding management’s promises vs delivery over period) Key announcements – Proposed facility will … Read more
Shriram Finance (SFL) is the consolidated NBFC arm of the Shriram group. It is formed through the merger of Shriram Transport Finance (STFC), Shriram City Union Finance (SCUF) and Shriram Capital (SC). The management has shared the following key pointers on the way ahead – In next 3 years, Vehicle loans will reduce from 77% … Read more
Shriram Housing finance (SHF) is a 85% subsidiary of Shriram City Union Finance (SCUF). SHF’s MD & CEO, Ravi Subramanian has informed the following – They are looking to grow both organically and inorganically Organically, the Company clocked a 54% year-on-year loan asset growth to Rs 6,546 crore at the end of September 2022 and … Read more
Mahindra & Mahindra riding high on the success of it’s recent launches (XUV700, Scorpio N), is sitting on a healthy order book of more than 2,60,000 SUVs. Checkout the model wise order book (taken from Company’s investor PPT). Company’s current production capacity is 29,000 SUVs per month i.e., 3,48,000 p.a. implying an average order book … Read more
In an interview, Yashish Dahiya, Chairman and Chief Executive Officer of PB Fintech highlighted the following – “We started our new initiatives after the market started focusing on profitability. We are not reducing our new initiatives or killing them. We are only getting a little more efficient, which is exactly what we would do anyway. … Read more
M&M on August 15, 2022 announced the following – Inauguration of EV design studio in UK – Mahindra Advanced Design Europe (M.A.D.E) at Banbury, Oxfordshire. Its primary objective is to conceive the future Mahindra EV portfolio and the advanced vehicle concepts M.A.D.E shares the campus with the Mahindra Formula E team and forms a part … Read more
Putting in big long term targets is in fancy and Vedanta is not the one to be left behind. Addressing shareholders at the company’s 57th AGM, Anil Agarwal, the chairman has set the target of $100 bn, i.e., approx Rs 8 lakh crore revenues by 2030. Company reported revenues of Rs 1.33 lakh crore in … Read more
Apollo Tyres (APL) has circulated an investor PPT setting performance goals for FY 26. $5bn Revenues 15% EBITDA 12-15% ROCE Net debt/ EBITDA < 2 Headline numbers definitely seems exciting. Reasons – Revenue target of $5bn (i.e., approx Rs 40,000 crore) is twice of FY 22 revenues i.e., double within 4 years. EBITDA target of 15% … Read more
Hero Motocorp Ltd (HML) at 34% market share is the largest two wheeler manufacturer in India. Given the increasing interest in Electric Vehicles (EV) globally, market has been keenly awaiting the launch by HML. The Company has also made it’s intentions clear –Â beside in the process of launching it’s own EV, it has also … Read more