Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Research

| More

Q1FY22 Company Update - Swaraj Engines - ICICI Direct

Posted On: 2021-07-22 06:51:27 (Time Zone: UTC)


SEL reported healthy Q1FY22 results.

- Diesel engine volumes were flattish QoQ at 33,747 units

- Net sales rose 3.2% QoQ to Rs. 315 crore tracking 3.5% ASP increase

- Margins dipped minimally to 15%; PAT up 3.3% QoQ to Rs. 33.7 crore

Key triggers for future price performance

- Play on farm mechanisation courtesy ~30-33% volume share of M&M's tractor sales via Swaraj brand of tractors

- Consistent >30% return ratios along with positive CFO, FCF generation

- Attractive dividend play, with present dividend yield at ~4%

- Sales, PAT to grow at 13.1%, 21.4% CAGR respectively over FY21-23E, building in 8.5% volume CAGR & 120 bps improvement in EBITDA margins

For details, click on the link below: Link to the report

Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs. 1796.05 as compared to the previous close of Rs. 1770.3. The total number of shares traded during the day was 4541 in over 829 trades.

The stock hit an intraday high of Rs. 1830 and intraday low of 1772.6. The net turnover during the day was Rs. 8165438.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.


Other Headlines:

Godrej Properties - Positives priced in - HDFC Securities

Maintain ADD on Dabur - Outperformance continues; strategies playing out - HDFC Securities

Orient Cement - On a strong footing - HDFC Securities

Kajaria Ceramics - Cost controls cushion margin hit - HDFC Securities

Maintain REDUCE on Emami - Sustaining expectation; margin base to impact FY22 - HDFC Securities

Bharti Airtel - Earnings Update - Inline - YES Securities

Tata Consumer - Q1 FY22 result first cut - YES Securities

Dabur India Ltd - Q1 FY22 Result Report - YES Securities

Castrol India Ltd - Q2 CY21 Result Report - YES Securities

Sunteck Realty Ltd - Q1 FY22 Result Report - YES Securities

Top brokerage houses have given 'subscribe' rating for Windlas Biotech Ltd IPO

Maintain BUY on Cholamandalam Investment and Finance Company - HDFC Securities

Maintain REDUCE on Britannia Industries - Beat on revenue; in-line EBITDA - HDFC Securities

Aditya Birla Fashion and Retail - Recovery better than expected - HDFC Securities

Vinati Organics Limited - High input costs dent margins - HDFC Securities

Q1FY22 Result Update - Colgate-Palmolive (India) - ICICI Direct

Q1FY22 Result Update - Tech Mahindra - ICICI Direct

Q1FY22 Result Update - Gateway Distriparks - ICICI Direct

Q1FY22 Result Update - Filatex India - ICICI Direct

Q1FY22 Result Update - KPR Mill - ICICI Direct

Q1FY22 Company Update - Mahindra Lifespace Developers - ICICI Direct

Maintain ADD on V-Guard Industries - Loss of peak season sales, state mix impact the show - HDFC Securities

Maintain REDUCE on RBL Bank - The pitfalls of 'banking' on a single engine - HDFC Securities

Maintain BUY on NTPC - Asset monetisation on the cards - HDFC Securities

Krsnaa Diagnostics Ltd. - IPO - Heathy Business Outlook with Sound OCF - Reliance Research

KEC International - Muted performance - HDFC Securities

Maintain BUY on Kansai Nerolac - GM pressure palpable - HDFC Securities

Auto Sector - July 2021 Sales - Acuité Ratings & Research

Indian Oil Corporation - Muted performance - HDFC Securities

Cholamandalam Investment & Finance - Q1 FY22 Result Report - YES Securities

HDFC Limited - Q1 FY22 Result Report - YES Securities

RBL Bank - Q1FY22 Result Update - YES Securities

Oberoi Realty Ltd - Q1 FY22 Result Report - YES Securities

Emami Ltd - Q1 FY22 Result Report - YES Securities

Britannia Industries - Q1 FY22 Result Report - YES Securities

Indian Oil Corp. Ltd - Q1FY22 Result Report - YES Securities

Container Corporation - Good results; ICD Khatuwas now connected to DFC - HDFC Securities

Maintain ADD on Marico - Food remains a showstopper; expect margin recovery - HDFC Securities

Maintain REDUCE on LIC Housing Finance - It's all going pear-shaped - HDFC Securities

JSW Energy - Adj PAT in line, but valuation remains stretched - HDFC Securities

JK Lakshmi Cement - Q1 hit by lower sales and fuel inflation; outlook bright - HDFC Securities

Upgrade to BUY on Sun Pharma - Strong beat, encouraging trends in specialty - HDFC Securities

Maintain ADD on Shriram Transport Finance Company - Cumulative stress on par with bellwether peer - HDFC Securities

EXIDE 1QFY22 - first cut - Weak margins drag PAT - Not rated - YES Securities

IOCL - 1QFY22 earnings update - YES Securities

Dr Lal PathLabs - Q1 FY22 first cut - Beat across the board - YES Securities

Chola Q1 FY22 first take - Strong PPOP show, but dejects on asset quality - YES Securities

Britannia - Q1 FY22 results first cut - YES Securities

Shriram City Union Finance Ltd - Q1 FY22 Call Highlights (Not Rated) - YES Securities

Sun Pharma - Q1 FY22 Result Report - YES Securities


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020