Rounaq Bakshi notes

 INOX India: First in India to have Certificate of FSSC 22000 of Kegs for Beverage 30 YEARS OF EXCELLENCE & Food application  INOX India:  24.2%  EBITDA Margin (%) INOX India Limited (INOXCVA) is one of the largest manufacturers of Cryogenic Storage, Regas and Distribution Systems for LNG, Industrial Gases and Cryo-Scientific applications with operations in India, Brazil & Europe   Offers end-to-end solutions for Liquid Hydrogen storage and transportation, available in sizes ranging from small to large as required   World's leading provider of customized cryogenic equipment   Global customer base across 100+ countries   Working continuously towards Clean Energy initiatives in - LNG, Liquid Hydrogen & Fusion Energy Serving Industrial Gas, LNG and Cryo Scientific Division  Large-scale serial manufacturing facilities at four locations in India and part manufacturing and service distribution from one location at Br...

  NBCC has achieved the monumental milestone of Rs. 1,00,000 crores order book on consolidated basis NBCC (India) Limited provides value added services.  The company operates through three segments: Project Management Consultancy (PMC), Real Estate Development, and Engineering Procurement and Construction (EPC). PMC segment is engaged in civil construction projects, infrastructure works for the national security, infrastructure projects for the civil sector, and project implementation for Pradhan Mantri Gram Sadak Yojna (PMGSY) and developmental work in Northeastern Region In terms of execution, redevelopment projects typically take 4-5 years to complete, while PMC projects are usually finished within 1.5-2 years. Notably, NBCC has been engaged in several high-profile redevelopment projects on behalf of the central government, particularly in Delhi. Recently, NBCC was appointed as the project management consultant for completing 16 real estate projects by Supertech Ltd, valued...

  Max Estates Limited: Real Estate Portfolio of 17 Mn. Sq. Ft.  Consolidated Financial Highlights (9M FY25): Consolidated Revenue stood at INR 121 Cr in 9M FY25  Consolidated EBITDA stood at INR 35 Cr in 9M FY25 Consolidated PBT stood at Rs 16 Cr and PAT stood at INR 12 Cr in 9M FY25 Total Leased Area as on 31st December 2024 stood at 12 Lakhs sq. ft. Total Lease Rental Income (Max Towers + Max House + Max Square) up by 87% YoY to INR 83 Cr in 9M FY25 Max Asset Services Revenue stood at INR 30 Cr in 9M FY25 Debt as on December 2024 stood at INR 1,125 crore, including LRDs of INR 800 crore Cash & Cash Equivalents as on December 2024 stood at INR 1,613 crore.  The Company has a net cash surplus of INR 309 crore     Commercial Portfolio Update:  Max Estates is in the process of acquiring three floors in Max Towers, Noida from Max India Limited at a value of INR 105.08 crores. The said acquisition will support the company’s strategy to consolidate own...

  Jindal Stainless : 40,000 crore investment to set up a stainless steel manufacturing facility PAT at INR 2,500 crore, down by 7% YoY Net revenue at INR 39,312 crore, up by 2% YoY    Consolidated net debt as on March 31, 2025, stood at INR 3,899 crore. The consolidated net debt-to-equity ratio was largely maintained at ~0.2, despite a capexheavy year.   Proposed investment in Maharashtra Recently, JSL signed a non-binding MoU with the Maharashtra government with a possibility of an INR 40,000 crore investment in the state to set up a stainless steel manufacturing facility. The proposed facility is scheduled to be developed over the next 10 years, which is expected to create more than 15,000 jobs.     Management Comments: Commenting on the performance of the company, Managing Director, Jindal Stainless, Mr Abhyuday Jindal, said, “The past financial year has been a defining chapter in our mission to bolster our leadership in the domestic market and...

  250 million school going students and over 38 million students enrolled in higher education  NEP 2020 aims to achieve 100% GER2 by 2030 in preschool secondary level. Policy also seeks to increase public investment in education to 6% of GDP from 2.5% in fiscal 2024 budgetary estimates. Educational Spending : Budget estimates for 2023-24 show that the government will spend ₹ 1.12 lakh crore in the coming fiscal year on education – the highest ever and an increase of around 8.2% than what was pegged in 2022-23  Rising literacy rate: Govt. initiative such as Sarva Shiksha has strengthened India's literacy from 65% in 2001 to ~77.70% in 2021. The objective of attaining 100% literacy levels by 2025 could have a positive impact on the writing instruments sector.  Over 250 million school going students and over 38 million students enrolled in higher education  Largest population in age bracket of 5-24 years ~580 million Indian working population to grow ~20% and educa...

   Adani Ports: FY25 Revenue, EBITDA and PAT increased by 16%, 20% and 37% respectively    APSEZ cargo volume CAGR over FY15-FY25 at 14% is 3.5x the industry volume growth rate Operating revenue grew by 16% YoY to ₹31,079 Cr. Domestic ports revenue increased 12% YoY to ₹22,740 Cr; Logistics revenue increased 39% to ₹2,881 Cr. Marine revenue increased 82% to ₹1,144 Cr    For FY25, APSEZ’s Board has recommended a dividend of ₹7 per share. This implies a payout of c.₹1,500 Cr  APSEZ clocked 450 MMT (+ 7% YoY) cargo volume in FY25. The growth was primarily driven by container volume (+20% YoY)  Mundra became the first Indian port ever to cross 200 MMT annual cargo volume APSEZ handled 27% of the country’s total cargo (26.5% in FY24) and 45.5% of container cargo (c.44% in FY24) APSEZ handled the highest ever monthly cargo of 41.5 MMT in March’25 During the year APSEZ made considerable progress in expanding its domestic port footprint.  Within Indi...