Rounaq Bakshi notes

  https://youtu.be/M_zFfJUJiuw?si=48KWVLfVc5_ZeJHk ADANI ENTERPRISES: Adani Water Limited Adani Water Limited (AWL) had secured three projects with order value of more than ` 3,900 crore in the states of Uttar Pradesh, Bihar, and Madhya Pradesh. Adani Water having signed a Hybrid Annuity Model concession agreement for Bhagalpur, Bihar STP, under the ‘Namami Gange’ project This business has been set up to address India’s growing need for water infrastructure capacity augmentation in the backdrop of the limited freshwater resource availability. It is involved in development and rehabilitation of sewage treatment plants and its associated infrastructure, through projects in waste water treatment, recycling and reuse.  Out of its portfolio of 3 projects, 2 projects are under HAM model under the aegis of the National Mission for Clean Ganga to develop a wastewater treatment project at Prayagraj in Uttar Pradesh which is already commissioned & at Bhagalpur in Bihar and 1 EPC pro...

https://youtu.be/TEPybB0XJ9E?si=CGFKZpEsUlHSIar0   Adani Solar, established in 2016, has rapidly emerged as India's premier vertically integrated solar company, offering a comprehensive range of products and services across the photovoltaics spectrum Module sales increased by 110% to 2,679 MW India’s first company to embark on vertically backward integration of solar module manufacturing through ingot-wafer manufacturing facility Adani Solar has embarked on the journey to realise the vision of being India's first 10 GW fully integrated Solar manufacturing ecosystem - with a focus on establishing complete value chain of Solar manufacturing, from Mg-Si, Poly-Si and Ingot-Wafer to Cell and Module Adani Solar secured its largest single-year order of 1.6 GW from one of the key utility companies in the USA Largest market share in solar modules for rooftop and KUSUM segments It holds the largest market share in rooftop and PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Maha...

  https://youtu.be/LoHnESTOeas?si=2Fak9KL-jWRv7xYx ADANI ENTERPRISES  LIMITED  entry into  Petrochemicals The Company is in the developmental phase of establishing a  petrochemical  cluster in Mundra, Gujarat Company has already demonstrated its execution capabilities in delivering ultra-mega projects. MPL is developing 1 million MTPA PVC plant under phase-1 which is expected to be commissioned by Dec’26 India's annual PVC demand stands at approximately 4 MMT, while domestic production capacity is only 1.5 MMT, resulting in a supply-demand gap and substantial imports ranging from 2.5 MMT. India is poised to contribute 10% of the incremental global  petrochemical  demand growth and is set to experience robust growth from its current 4% share of global capacity Mundra Petrochem  Limited  (MPL) MPL provides sustainable solutions by using state-of-the-art technology from reputed licensors.  It is establishing a 1 MMT per annum plant cap...

  https://youtu.be/r-6OZ3lqscM?si=OZ5BXrcFaDb4zR-5 ADANI  ENTERPRISES:  Adani   Roads   Transport  Limited Construction is underway across all three segments of the Ganga Expressway, set to connect Meerut with Prayagraj, making it India's longest expressway developed on a Design-Build- Finance-Operate-Transfer (DBFOT) basis. Also engaged in  road  infrastructure projects in the country, and currently have 14  road  assets, of which four are already operational. 5,000+ lane kms of  road  projects Construction at full swing 4 out of 10  road  projects are more than 70% completed 3 HAM and 1 TOT  Road  Project Operational In five years, the Company has successfully developed a portfolio comprising 14  road  projects encompassing HAM, BOT, and TOT models, totalling over 5,000 lane kilometres, and 2 wastewater treatment projects, representing a significant investment of approximately ` 40,000 crore....

  https://youtube.com/shorts/m-7UHfssU8g?si=IQANQjxwB4UtY2G5 ADANI ENTERPRISES: Adani Airports business 88.6 Mn Passenger movements across its airports 19% increase to 88.6 million Passenger movement at airports  Adani Airport has the largest airports network in India and at present handling ~23% of the passenger movements & ~33% of air cargo traffic pan-India through With ownership of eight airports under subsidiary Adani Airports Holding Ltd. (AAHL), have the largest airports network in India. 

  https://youtu.be/6UZpVUB5Go4?si=ROLOpQPy9pIIHXLV STATE BANK OF INDIA : Building India theme Net Profit for FY24 stands at ₹61,077 crores witnessing a growth of 21.59% YoY after accounting for wage settlement and one-time exceptional item of ₹7,100 crore Bank’s ROA and ROE for FY24 stand at 1.04% and 20.32% respectively.   Credit growth is at 15.24% YoY with Domestic Advances growing by 16.26% YoY. Net NPA ratio at 0.57% improved by 10 bps YoY. CASA ratio stands at 41.11% as on 31st March 24.  

  https://youtube.com/shorts/Ua5K-YM2R0c?si=esdDBWFZB7DOlhGU Shyam Metalics and Energy Limited (SMEL), a leading  multi-metal conglomerate with footprints in carbon steel, stainless steel, speciality alloys and aluminum foil along with captive power plant Shyam Metalics and Energy Limited reports PAT of Rs. 1,029 Cr despite lower realizations with 21.9% growth  Announces expansion into Stainless Steel and Aluminium products  The company is net cash positive of Rs. 1,514 crores as on 31st March 2024 In enhancing capacities further, the board has approved expansion plans into new metals - Stainless Steel Wire Rods & Stainless Steel Bright Bars and Aluminium Foil with total investments of Rs. 810 crores which will be funded through internal accruals.  This would further boost revenues and margins in forthcoming years.

https://youtu.be/f3YpX_N_7Ws?si=UG7Mu9ZAnB8vOSQo CEAT Pledges Rs 2,800 Crore Investment In The Next 5 Years One of the leading tyre manufacturers serving the Indian market, CEAT (flagship of RPG Enterprises) has announced its commitment to invest Rs 2,800 crore over the period of next 5 years to  boost tyre production . According to officials, after this development, the overall yearly capacity of CEAT will become 1 million tyres for truck bus radials, 6 million tyres for cars and 17 million tyres for two wheelers. Anant Goenka, MD, CEAT, said this will help the company grow fast in their focus segments; two-wheelers and  passenger car tyres  segment.  They will also increase the production of truck bus radial tyres to maintain their market share in coming future.  The amount will be made available through both the equity and debt. The plans to enhance its tyre making capacity by investing this amount in various manufacturing facilities across India to meet the ...

  https://youtube.com/shorts/vLQ1C61Inb8?si=qK84EQPvASJ_tZm- Petronet LNG  ambitious goal to triple its net profit by 2028. For the entire 2023–24 fiscal year (April 2023 to March 2024), Petronet reported its highest-ever net profit of  ₹ 3,536 crore on the back of a 22% growth in volume throughput. With a strategy termed “1-5-10-40”, Petronet aims to increase turnover to Rs 1 lakh crore within 5 years, with a net profit target of Rs 10,000 crore. This strategy, initiated two years ago, outlines the company’s vision until 2027-28. Petronet LNG Ltd, known for running the biggest liquefied natural gas (LNG) import terminal globally, aims to boost its capabilities by investing Rs 40,000 crore. This investment will not only expand its import capacity but also venture into the petrochemicals sector. CEO Singh also highlighted plans to ship LNG in containers to Sri Lanka within the next 18 months, alongside setting up an import terminal at Colombo port within five years. Petron...

  https://youtu.be/BTDyZCMMbUc?si=Q_pbCqg9i-zJnwKe BPCL to invest Rs 1.7 lakh cr in core, new energy business (2024) BPCL, which owns three refineries that convert crude oil extracted from below earth's surface into fuels like petrol and diesel, plans to expand refining capacity to 45 million tonnes per annum by March 2029 from current 35.3 million tonnes The EV charging stations will complement its fuel retailing network which also includes 2,034 CNG stations. In line with the government's focus to increase gas share in the Indian energy portfolio from 6 per cent to 15 per cent, co. intends to increase gas footprint by building optimal city gas infrastructure and acquiring high opportunity geographic areas On fuel retailing infrastructure, BPCL is looking to add about 4,000 petrol pumps to its 22,000-odd retail stations Overall, co. plans to invest Rs 1.7 Lakh crores over a period of 5 years. Of this, Rs 75,000 crores is earmarked for refineries and petrochemicals.  Plans to ...

  https://youtu.be/nJOXfwFi2nc?si=jIOsA2IHK8I59yDX JK Tyre: long only stocks JK Tyre achieved highest ever sales & profits during 2024 Sales at Rs.15,046 crore was marginally higher with EBIDTA of Rs.2,122 crore increasing by 59% and PAT of Rs.811 crore registering a 2X increase.  During FY24, JK Tyre raised Rs.500 crore through QIP that helped deleverage in balance sheet. This performance is attributed to continued focus on product premiumization, widening market reach and tech enabled manufacturing & digitalization across operations achieving better efficiencies.  Strategic initiatives to fortify balance sheet through equity infusion yielded fruitful results, reinforcing financial resilience The Company has 12 globally benchmarked 'sustainable’ manufacturing facilities - 9 in India and 3 in Mexico - that collectively produce around 34 million tyres annually.  The Company also has a strong network of over 6000 dealers and 750+ dedicated Brand shops called as...

  https://youtu.be/1xCvzwCaP0c?si=V1NDodviHfFr5huM SKIPPER PAT increased by 130% Highest ever Annual Revenue of Rs 32,820 Million, achieved growth of 66% against guidance of 25%  SKIPPER Full year PAT increased to Rs 817 million, grows by 130% Emerged as the most preferred Supplier and contractor of PGCIL for their High Voltage transmission line projects  Power Grid approved and ISO certified plants possess significant manufacturing capacities, enabling participation in large-scale  project orders.  India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC  One of the largest & the fastest growing Polymer Pipes & Fittings in India   Continued growth trajectory : Even with elevated revenue base, co. maintain an ambitious plan for the future, aiming for a 25% CAGR over the next 2 years  Margins: Focus continues towards imp...

https://youtu.be/9qP-xQkHt40?si=tfWuZVzB92T9RY8_   HDFC AMC: 11.3% market share in QAAUM of the mutual fund industry On full year basis, the company's net profit increased 36.66% to Rs 1,945.88 crore on 27.38% rise in total income to Rs 3,162.43 crore in FY24 over FY23. As on 31 March 2024, total live accounts stood at 16.6 million, unique customers as identified by PAN or PEKRN stands at 9.6 million compared to 44.6 million for the industry, a share of 22%. The company said that 7.74 million systematic transactions with a value of Rs 29,300 crore processed during the month of March 2024. QAAUM (quarterly average assets under management) of Rs 6,12,900 crore for the quarter ended March 2024, up 36.26% form Rs 4,49,800 crore in the same period a year ago, 11.3% market share in QAAUM of the mutual fund industry

  https://youtube.com/shorts/j0ihPtrKyCw?si=sTObho9vQLGAMum8 PRAKASH INDUSTRIES: Less than 10 PE Stock Company has achieved Net Sales of ~ 3678 Crores and EBITDA of ~ 556 Crores, reflecting growth of 7% and 31 % respectively over the previous financial year.  Profit after Tax for the year also grew by 83% to ~ 348 Crores Bhaskarpara Commercial Coal Mine :Subsequent to the In-principle Stage-I approval under the Forest (Conservation) Act, 1980 and Environmental Clearance (EC), the Company has received Permission to Establish from the Chhattisgarh Environment Conservation Board for its Bhaskarpara Commercial Coal Mine. The Company has made all the payments due towards Non-Forestry use of forest land, Wild-Life Conservation Plan, Net Present Value (NPV) of diverted forest land and compensatory afforestation with respect to the said Coal Mine.  The development of the mine is progressing fast and the Mining Lease is expected to be executed soon.  The supplies of coal from...

  https://youtu.be/GHSOU1b8eZo?si=rKOIUAMJEpCrCW3o Balrampur Chini Mills Limited is set to venture into Poly Lactic Acid (PLA) manufacturing with a new fully integrated facility.  ~The new venture will facilitate the establishment of India’s first-ever industrial bio-plastic plant~  With an estimated investment of Rs. 2000 crores in phases over a period of around 2.5 years, the new project is aimed to fuel India’s journey towards achieving net zero emissions by 2070.  Expected to be completed within a period of 30 months, the new venture will mark the establishment of the first-ever industrial bioplastic plant in India. The state-of-art PLA factory will command a whopping capacity at “global” scale of 75’000 t/a.  To expedite the construction of the new plant, it will be located on a “greenfield site”, beside one of the existing sugar plants, wherein a significant proportion of the local infrastructure already exists.  The efficient usage of sugar as a raw ...

  https://youtu.be/VxcD5w8aH_E?si=oH10IU5-42ntOpG7 Welspun Corp : Pipes theme  Seeing a huge growth potential, both domestically and internationally in core segments like Oil & Gas, Water, Infrastructure, Defence, Power, and Plastics India Oil & Gas : Demand has recovered with further expansion of gas pipeline grid across the country. Additional 10,000 km of pipelines are likely to be installed in the next 2- 3 years  States like Gujarat, MP, Rajasthan, Tamil Nadu and Karnataka are exponentially increasing the water pipeline network for irrigation, industrialization and urbanization purposes. The “Jal Jeevan Mission” has also ensured the last mile delivery of potable water and this continues to support strong demand The “Jal Jeevan Mission”, “Nal Se Jal” and “Amrut” schemes of the GOI aims to provide safe and sufficient drinking water to all the households in both rural and urban India. The “Swachh Bharat Mission Grameen” aims to provide solid and waste management...

  https://youtu.be/MaXUtEjXd1M?si=f6EIpMVRpBbOjHOi Antony Waste Handling Cell: Building next 10 year story Total Operating Revenue for FY 2024 at ₹ 766 crore; y-o-y growth of 19%  Annual Core EBITDA of ₹ 198 crore; y-o-y growth of 29%  Core EBITDA margins for FY24 was 23%, an improvement of 150 bps YOY  PAT at 100 cr with 18% growth Sales of Refuse Derived Fuel (“RDF”) for FY24 grew by 187% reaching approximately ~1,45,720 tonnes, a substantial increase from the previous year's ~50,851 tonnes 

  https://youtu.be/8JEv7NSwsIs?si=sKq_ZPVbTMjL_Qqn Agi Greenpac down 25% in 6 months Focused Packaging Products Company Glass container capacity utilization consistently surpassed 95% throughout the year, Diageo India recognized AGI Greenpac's commitment to excellence by awarding the prestigious Supplier of the Year award for the second consecutive year Alcoholic Beverages 77% Glass Containers 89% PAT: 250 cr ( 10% margin) Net Debt: 1,103.8 (2022) and 225.7 (2024) Net Debt/Equity: 0.79x  (2022)   and 0.12x (2024)

  https://youtube.com/shorts/bfZCf0j5JNk?si=qjBcsyT7KxOo57_i MRPL is up more than 100% in one year Debt Equity Ratio improved from 1.70 as on March 31, 2023 to 0.94 as on March 31, 2024. Total reduction in interest bearing Long Term Borrowings: ₹ 5,058 Crore (i.e. from ₹ 14,837 Crore as on March 31, 2023 to ₹ 9,779 Crore as on March 31, 2024).   Profit after Tax of ₹ 3,596 Crore (FY 2022-23 Profit after tax ₹ 2,638 Crore). 

  https://youtu.be/TwtafFonNYk?si=ysfF9UHjxvw-yH8V SKIPPER PAT increased by 130% Highest ever Annual Revenue of Rs 32,820 Million, achieved growth of 66% against guidance of 25%  SKIPPER Full year PAT increased to Rs 817 million, grows by 130% Emerged as the most preferred Supplier and contractor of PGCIL for their High Voltage transmission line projects  Power Grid approved and ISO certified plants possess significant manufacturing capacities, enabling participation in large-scale  project orders.  India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC  One of the largest & the fastest growing Polymer Pipes & Fittings in India   Continued growth trajectory : Even with elevated revenue base, co. maintain an ambitious plan for the future, aiming for a 25% CAGR over the next 2 years  Margins: Focus continues towards imp...