Rounaq Bakshi notes

  Rhi Magnesita: Down 30% from top RHI Magnesita India Limited is a leading India-based supplier of high-grade refractory products, systems and solutions to the India and West Asia region, which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries including steel, cement, non-ferrous metals and glass India will require additional Blast Furnace capacity to meet stated Steel output targets.  There are currently 7 new large Blast Furnace projects at different stages of installation or commissioning.  India is the global leader in coal based DRI Production and this will continue to grow while alternative technologies ramp up. India’s Iron ore grade ensures demand for pellet plants. Ageing Coke plant capacity offers upgrade and maintenance driven demand visibility for the next 5-10 years. We also expect commissioning of new batteries RHI Magnesita India now has a compelling local for local market offer for blast furnace an...

  https://youtu.be/8khcKCfuJsQ?si=m9gs8HYGqzTFCLQg India's target of 20% ethanol blending advanced from 2030 to 2025-26 To achieve the target of 20 per cent by 2025,  about 1,016 crore litres of ethanol  would be required Most  sugar stocks  surged, after oil & petroleum minister  Hardeep Singh  Puri reiterated the government's focus on  ethanol  production.  Money managers and analysts said  sugar  stocks could continue to firm up as the  government policy  on  ethanol production  growth becomes clearer Production of indigenous biofuels will play a pivotal role in achieving the targets of net zero and import reduction.  Increased the ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022. This translates into forex savings of Rs 41,500 crore, timely payment of over Rs 40,600 crore to farmers and a reduction of 27 lakh tones in CO2 emissions. 

  https://youtube.com/shorts/TSddMvtrsGM?si=fLOXKJpjOJz8CNZR Star Health aims to double its gross written premium to ₹30,000 crore by FY28 Star Health and Allied Insurance Co Ltd, a leading standalone health insurance company, aims to double its gross written premium (GWP) to ₹30,000 crore by FY28.  This ambitious goal is supported by deeper market penetration in both urban and rural areas. The Chennai-headquartered company’s gross written premium grew to ₹15,251 crore in FY24 from ₹12,951 crore in FY23. During FY20-FY24, the company grew at a CAGR of 24 per cent. “Many companies have entered the health insurance space and many new applicants are also coming into the industry because the opportunity is very large. So we aspire that whatever we could achieve in the last 18 years, we want to double that in the next four years, Anand Roy, MD & CEO, Star Health and Allied Insurance Company Ltd said while announcing the availability of home healthcare services for its customers...

  https://youtu.be/IbWEmgJQHx4?si=D0TUacnxi_9B33qM Is a Good RSI Indicator The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff. Traders who are looking for investment opportunities should look for RSI values  that hit 30 or fall below that level.  This allows them to look for investment options that may be undervalued where the price may increase in the future.  But it's important for investors to remain steadfast and avoid making hasty decisions, since market conditions can change at a moment's notice.

  https://youtu.be/AHhfekJ5hBw?si=BJxg3ZAr1VDRnoUr Manappuram Finance up 66% in a year The stock has grown significantly over the past few months, gaining over 66 percent in the last on year compared to 27 percent rise seen in benchmark Nifty 50. Average ticket size is around Rs 70,000-75,000 and the average life of the loan is for three months.  The anticipated cut in interest rates and geopolitical tensions will act as tailwinds for the gold rates, while rapid conversion to organised business will keep the demand for gold loans robust High gold prices foster gold loan business as customers can avail themselves of loans by pledging lower volumes of gold The customers are mostly from the upper middle class and lower middle class, their requirement for money is the catalyst for growth Planned IPO of Asirvad Microfinance, a non-banking microfinance subsidiary of  Manappuram Finance . The draft red herring prospectus (DHRP) has been filed and the launch is expected in the ne...

  https://youtu.be/Ti7M2slJ0OE?si=g3ofP39FzUY5xCmw Meghmani Organics: promote import substitution by contributing to the government’s ‘Make in India’ and Atmanirbhar Bharat vision. Forayed into Titanium Dioxide (TiO2 ) which is a widely used white pigment in products such as paints, coatings, plastics, papers, inks, foods, medicines, toothpastes. Titanium Dioxide (TiO2 ), an import substitution product, accelerates the Company’s growth plans mirroring the Government’s ‘Make in India’ & ‘Atmanirbhar Bharat’ vision. Nano Urea and Titanium Dioxide (TiO2 ) are poised to contribute to our growth from FY25. Both Crop Protection and Pigment industries are expected to see a gradual recovery in demand, followed by improved pricing from the second half of FY25. Entry into the production of Titanium Dioxide (TiO2 ) aims to promote import substitution by contributing to the government’s ‘Make in India’ and Atmanirbhar Bharat vision.  At present, about 73% of the TiO2 demand is met thr...

  https://youtube.com/shorts/zBYWsWQWlsA?si=ZsQaY7bBokdvMONu SOM DISTILLERIES & BREWERIES:  Official permission from the State of Telangana to supply renowned beer brands.   Telangana, recognized as one of the largest markets for beer consumption in India, presents a significant opportunity for expansion and increased sales.   The approval marks a pivotal step to broaden market reach and cater to the robust demand for beer in the region.  With this new permission, Co. anticipate a substantial increase in sales volume in the short to medium term, bolstering the company’s growth trajectory and market presence. 

  https://youtu.be/mD2k0HOpAxo?si=8H1ue9mw316h2wYr Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing Unlike conventional metal cylinders, type 4four cylinders are entirely corrosion-resistant, lighter by seventy percent, and can accommodate three times more gas.  Constructed from carbon composite with a polymer liner, they boast exceptional safety features. The move signifies Confidence Group’s commitment to spearheading the global energy transition towards a cleaner and greener future.  By prioritizing innovation and environmental stewardship, the company aims to revolutionize the hydrogen storage industry and promote sustainable energy solutions. As reported by The Hitavada, through this venture into the green hydrogen market, Confidence Group aims to position itself as a leader in providing solutions that expedite the adoption of renewable energy sources.  These cylinders will play a pivotal role in the efficient storage and transportation of green ...

  https://youtu.be/t2jkwlVLV3I?si=cY2SRcArB7nNSABl Maharashtra Seamless: Down 30% from top Co. has been included in various NSE indices from 28th March 2024, namely NIFTY500, NIFTY Small Cap 250 and NIFTY MidSmall Cap 400 FII and DII holding together has also gone up to 16% from 7% at the start of the year Regarding ICDs and corporate guarantee. In line with the commitments made to shareholders two years ago, there are no ICDs to unrelated parties or corporate guarantees outstanding as on 31st March '24.  Co. has come a long way from the time when this used to be the main cause of concern, and that has now been fully and completely resolved Seamless pipes market remained strong, driven by capital expenditure and spending in oil and gas sector   Currently, order book is at INR 1,753 crores, of which 60% is on account of ONGC and Oil India

  https://youtube.com/shorts/oCDTZsfq-5Y?si=tZs4uEZ3IfZ_FP6_ Lemon Tree Hotels : Keep holding The total revenue for the full year was Rs. 1076.8 Cr. for the company which increased by 23% over FY23.   The total management fee for the full year stood at Rs. 134.3 which is up 30% over FY23 The Net EBITDA Margin for the full year stood at 49.1% which reduced by 278 bps over FY23. PAT Rs. 181.7 Cr Up 29% The debt for the company increased by Rs. 143.3 Cr from 1745.7 Cr in FY23 to 1889.1 Cr in FY24 owing to borrowing against Aurika, Mumbai SkyCity.  The cash profit for the company increased by 24% Y-o-Y from Rs. 237.1 Cr in FY23 to Rs. 293.8 Cr in FY24. As of 2024,operational inventory has crossed 10,000 rooms. Operational inventory to be 120+ hotels with over 11,000+ rooms by end of FY25.

  https://youtu.be/-oyii6lHDp4?si=VR6A8R0X1_53iaef Adani Enterprises Ltd (AEL) and Total Energies of France have entered into a binding arrangement for partnership to jointly create the world’s largest green hydrogen ecosystem. (Adani New Industries Limited) -2022 ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India.  ANIL will target a production of one million metric tons of green hydrogen per year (Mtpa) by 2030, underpinned by around 30 gigawatts (GW) of new renewable power generation capacity, as its first milestone. This partnership is based on the remarkable complementarity of the two companies. Adani's portfolio will contribute its deep knowledge of the Indian market, execution capabilities, and operations and capital management excellence.  TotalEnergies will offer its thorough understanding of the global markets, expertise in renewable technologies and large-scale industrial projects, an...

  https://youtu.be/QOMh0iCTlDg?si=fZTxp_emgn-AOpvB Tata Investment Corporation:  32,000 cr investment portfolio vs 20,000 cr last yr The Consolidated profit after tax for the year amounted to ` 384.96 crore as compared to ` 251.75 crore for the FY 2022-23. Shareholders will be pleased to note that the “Value Created” has recorded a compounded annual growth rate (CAGR) of 19.32% vis-à-vis BSE 200 of 15.65% over the period March 31, 2009 to March 31, 2024. Total market value of quoted investments and estimated value of unquoted investments : 32,557 cr Vs 20,472 cr The investments in Tata companies, both listed and unlisted, are generally held for a longer term and may be considered as strategic in nature. The investments in Non-Tata companies have been made by the Company in expectation to create value over the medium to long-term, while gains are realized after evaluation to augment its operating income for dividend distribution Company has realized gains at opportune...

  https://youtu.be/cj8oCodIbqk?si=kdstY_ydJ6R5Jluv Popular Vehicles & Services Limited (PVSL) automotive dealership player Total Income stood at Rs. 5,646.7 crs; up 15.4% on Y-o-Y basis  EBITDA  margins at 5.1%  Profit after Tax (PAT) stood at Rs. 76.1 crs, up by 18.7% on Y-o-Y basis with margins at 1.3%   It operates passenger vehicle dealerships of Maruti Suzuki India Limited, Jaguar Land Rover India Limited , Honda car India , commercial vehicle dealership of Tata Motors and Bharat Benz and Ather Energy and Piaggio in electric vehicle space.  The Group launched the Company in 1984 as one among the first batch of Dealers appointed by Maruti Suzuki in India.  Over the years, the operations have scaled up across four states.  Their extensive network comprises 61 showrooms, 129 sales outlets and booking offices, 32 pre-owned vehicle showrooms and outlets, 140 authorized service centers, 44 retail outlets, and 24 warehouses.  These faciliti...

  https://youtube.com/shorts/7CKfOl9NNK8?si=2tqrl53oN07nkRkY Schneider Electric India is a subsidiary of French firm Schneider Electric.  The company has 30 active factories in the country.  Among these, five smart factories are located at Hyderabad, Bengaluru, and Chennai. Company's Luminous brand is powering 100 million consumer homes through inverters, batteries, and solar energy solutions Company is managing over 700 MW of renewable energy power purchase agreements and providing sustainable solutions.  It includes on-site solar installations and the procurement of off-site solar and wind energy.  Approximately 15 per cent of solar power installed in India runs on Schneider Electric solutions In line with growth ambitions, plans to invest EUR 350 million (Rs 3,200 crore) in expanding industrial footprint with the addition of 12,00,000 square feet up to 2026.  These investments are spread over Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu...