Key Notes on Sapphire Foods

August 3, 2023 Sapphire Foods has ‘non-exclusive’ rights to operate restaurants under three of Yum’s brands: KFC, Pizza Hut, and Taco Bell in India, Sri Lanka, and Maldives. Yum global has recognised Sapphire as one of top 3 franchisee globally in food safety and No. 1 globally on customer experience. Over last five years, the … Read more

Key Notes on Digicontent

August 2, 2023 Its’ a Hindustan Times group company with promoters owning 66.81% of the Company. James Murdoch and Uday Shankar-backed Bodhi Tree held 8.42% of the Company as at June 30, 2023. During the June 2023 qtr they had sold back 1.9% to the promoters. In 2021-2022, the Company had made an effort to … Read more

Key Notes on Aarti Drugs

October 20, 2023 Decline in API prices and hence margin pressures. There was sense of some frustration in institutional investor’s tone while asking questions from the management. Reason – continued muted growth and margin pressures with no real directional clarification from the management. As such there is nothing really wrong with the company’s business. However, … Read more

Key Notes on AMD Industries

July 21, 2023 Founded in 1958, the company is into manufacturing of crown caps, Carbonated Soft drinks (CSD) closures, PET Preform, Bottles and Jars The segment is highly competitive. AMD’s differentiation is long track record and established marquee clientele. However, Company being small in size and having no real product differentiation puts it at the … Read more

Key Notes on Indostar Capital Finance

October 30, 2023 Efforts towards retailization, consolidation and clean-up continues. As of now other than the attractive valuations optically, difficult to see any real differentiated strategy. With any slowdown, size and perception will work against the stock. August 3, 2023 At consolidated level, loan book is targeted at Rs 13,000 cr by FY25 Cost of … Read more

Key Notes on Shriram Properties

November 10, 2023 Sequentially revenues have grown well in Q2FY24. However, YoY it’s less, as last year a project had completed in the 1st half and hence higher revenue recognition during that period. 5 projects are expected to be completed in Q3 FY24. should result in high revenue recognition in Q3 and Q4 FY24 total … Read more

Key Notes on CMS Info Systems

July 14, 2023 2/3rd of Companys’ revenues are from Cash Management Solutions (CMS) including ATM cash replenishment, merchant cash pick-up etc. Balance is Managed Services including banking automation products, brown label ATM deployment, remote monitoring and other managed services. Company sees a continued opportunity in CMS 40% of ATM’s are still managed directly by banks … Read more

Key Notes on Castrol India

July 10, 20023 80% of Company’s business comes from the after market. That’s an intentional strategy to position brand as premium and derive higher margins. Company is trying to further penetrate the service and maintenance market through work shop tie-ups as well as own care centres. Growth is a concern. Industry is expected to grow … Read more

Key Notes on Hemisphere Properties

June 30, 2023 Company was formed consequent to VSNL divestment to hold the identified land bank It’s 51.12% owned by the Government, 18.14% by Tatas (down from 22.65% in December 2020), marginal 1.6% by institutions (down from 10.88% in December 2020) and balance 29.14% by public It’s a speculative story around land development potential As … Read more