Rounaq Bakshi notes

  https://youtu.be/nXaqrcbjoGU?si=YvWwOb4scvCaDNkJ Garden Reach Shipbuilders & Engineers : Down 30% from top GRSE is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily serves the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.  As a diversified, profit-making, and dividend paying company, GRSE holds the distinction of being the first shipyard in the country to export warships and has delivered over 100 warships to the Indian Navy and Coast Guard   Market capitalisation touched an all-time high at `25,000 crore, reflecting the abiding trust and confidence of our shareholders   At a Global level, there is a strong demand from Europe and the Middle East for various types of vessels including Short Sea Ships, Offshore Support Vessels, Wind Farm Support Vessels, Product Tankers etc   Order book position is healthy, which as of 31 March 24, stood at `22,652 crore...

  https://youtube.com/shorts/E0e10eHQWck?si=O-aYGGsE5zJ3K1ZU India's top oil and gas producer ONGC plans to invest about Rs 1 lakh crore (2023) Setting up two petrochemical plants to convert crude oil directly into high-value chemical products as it prepares for energy transition Crude oil, which companies like ONGC pump out from below seabed and underground reservoirs, is a primary source of energy. It is processed in oil refineries to produce petrol, diesel and jet fuel. With the world looking to transition away from fossil fuels, companies around the globe are looking at new avenues to use crude oil. Petrochemicals are chemical products derived from crude oil and used in the manufacturing of detergents, fibres (polyester, nylon, acrylic etc.), polythene and other man-made plastics. Plans to invest Rs 1,00,000 crore by 2028 or 2030 in two projects in two separate states," said D Adhikari, Executive Director and Chief of Joint Ventures & Business Development, ONGC, on the...

https://youtu.be/eXxuK9CVMAA?si=SYU7Vk086YcIXwi- RELIANCE INDUSTRIES: Replacing Transportation Fuel Building on its commitment to sustainable transportation, Reliance is proactively transitioning from traditional fuels to cleaner alternatives such as hydrogen and electricity, complemented by its New Energy and New Materials businesses.  This shift includes moving from traditional transportation fuels to chemical building blocks, integrating these with downstream derivatives and enhancing them with clean energy solutions such as solar, wind, and batteries.  In July 2023, Reliance’s collaboration with BharatBenz led to the unveiling of India’s first hydrogen fuel cell-powered luxury coach, equipped with Reliance’s indigenous hydrogen fuel cell, with a promising range of approximately 400 kms.  Reliance also introduced swappable EV battery technology, building upon its acquisitions of Faradion and Lithium Werks.  The inauguration of Jio-bp’s advanced Compressed Bio-Gas ...

https://youtube.com/shorts/ZsAyfdAI1rg?si=kIqaNpf55_8wkw4r Motilal Oswal Nifty India Defence Index Fund   Global Military Expenditure on the Rise: i.e.  military spent amount to USD 2.4 Trillion globally  USA is considered as one largest spender in defence and India ranks 4th with around 84 Bn in spending    India is one of the major Importer’s of which Russia contributes to around 36% followed by France 33% and then USA 13%   India’s defence budget increased from INR 2,10,000 crores to INR 5,00,000 crores.   Addressable Opportunity for Indian Defence Players:   Defence exports grew by 334% in the last 5 years and India exports to over 75 countries due to changes in the government policies which aim to reduce imports by around 70%     About the author Hi, My Name is Rounaq Bakshi. I am investing in Indian Markets from 2012 with focus on fundamental analysis.   Twitter:  https://x.com/TKaur1111 ...

  https://youtube.com/shorts/4HmWAFf7YQ0?si=rKgCHIs9PQGMCObF ONGC to invest ₹1 lakh crore in Green Energy ONGC incorporated ONGC Green Limited (OGL)     ₹ 1 lakh crore for investments in green energy until 2030, ONGC has earmarked a portion of these funds for green hydrogen plants between 2028 and 2030, contingent on the energy source becoming marketable by then. Describing solar energy at  ₹ 2 per kilowatt-hour (kWh) as an attractive alternative to fossil fuels priced at  ₹ 10 per kWh, the Maharatna PSU aims to eliminate methane emissions and avoidable flaring as part of its commitments as a signatory to COP 28. OGL is primarily engaged in green energy and gas businesses viz. renewable energy (solar, wind, hybrid, hydel, tidal and geothermal etc.), biofuels/ bio-gas business, green hydrogen and its derivatives such as green ammonia, green methanol, storage, carbon capture utilization and storage and LNG business.    OGL has signed Share Purchase ...

  https://youtube.com/shorts/9247AAcjdUM?si=hpWveCqwGwdJc7BU OIL INDIA: Value in Numaligarh Refinery Limited With the acquisition of majority stake of Numaligarh Refinery Limited (NRL), OIL is now a fully integrated energy company committed to energy security of India. Numaligarh Refinery Limited (NRL) registered PAT of ` 2,160.11 crore during FY 2023-24 as compared to ` 3,702.79 crore in the previous year.  Numaligarh Refinery Expansion Project (NREP) aims to enhance the crude processing capacity of NRL from 3 MMTPA to 9 MMTPA at the same time enabling the company to process a variety of high sulfur crudes     Numaligarh Refinery Limited (NRL) was incorporated on 22nd April,1993 and is a Schedule ‘A’ Miniratna Category-I CPSE having a 3 MMTPA Refinery at Numaligarh in Golaghat district of Assam.  As part of its diversification strategy as on 31st March, 2024 Company holds 69.63% stake in NRL, Govt. of Assam and Engineers India Limited hold 26% and 4.37% st...

https://youtube.com/shorts/yMZxxlRIR7Q?si=0SU1W_UMU05s8i-K Cochin Shipyard has orders  from Germany, Norway, Cyprus and the Netherlands India's leading shipbuilder Cochin Shipyard Ltd (CSL) is focusing on building modern vessels powered by green energy, as it looks to deliver 65 ships worth over  ₹ 22,000 crore from global and domestic clients, including the India Navy, its chairman and managing director Madhu S. Nair said. The move comes amid global concerns over carbon emissions that exacerbate climate change, with the focus now gradually shifting to building 'green ships' - vessels that run on less-polluting fuels such as methanol, electricity, green hydrogen and hybrid batteries. “CSL has an all-time high order book of around  ₹ 22,000 crore, involving building 65 ships, with bulk of the orders for making 14 Naval ships and 22 coastal ships for the European clients including those from Germany, Norway, Cyprus and the Netherlands. Apart from these, we have our focus on...

  https://youtube.com/shorts/3nA2EMOWHWg?si=jvvHGGyv5s1GvuQX REC Limited Reports Record Growth in 55th AGM, Eyes Expansion in Renewable Energy Sector REC Limited achieved a 34% growth in loans sanctioned, reaching ₹3.58 lakh crore in 2023-24, and set ambitious goals for expanding its renewable energy loan portfolio to 30% of a projected ₹10 lakh crore by 2030. The meeting highlighted significant achievements, including a 34% increase in loans sanctioned, reaching ₹3.58 lakh crore in 2023-24, and record disbursements of ₹1.61 lakh crore, a 67% year-on-year growth.  Total income rose by 20% to ₹47,214 crore, while net profit increased by 27% to ₹14,019 crore.  The loan book grew by 17% to ₹5.09 lakh crore, with a Capital Adequacy Ratio of 25.82%. REC’s focus on India’s energy transition, managing ₹38,971 crore in renewable energy loans, with a target to increase this to 30% of a projected ₹10 lakh crore loan book by 2030. About the author Hi, My Name is Rounaq Bakshi. I am ...

  https://youtu.be/-op3mV-NgWk?si=SaZFQy9LO2V71ieZ SHIPPING CORPORATION OF INDIA: STRENGTHS SCI has had decades of experience in the industry with diversified  fleet across all major segments. Having a diversified  fleet   allows the company to better hedge against the market volatility across various segments and also provides the Company with a unique ability and flexibility to exploit demand growth in any given sector with a quick-mover advantage.  The relatively young  fleet of vessels with an average age about 15.2 years is widely accepted and the Company’s fleet is deployed in India’s EXIM and Coastal trade as well as international cross trades. Moreover, the Company also enjoys a unique distinction of being the only Indian shipping company operating LNG carriers, which are owned by its joint venture companies. The depth and vastness in expertise of your company makes it a front runner in the industry.  Company also has longstanding rel...

https://youtube.com/shorts/4emBHONRWEo?si=Fm8ZieffXEtiQMA1 IMFA  benefits from assured off-take IMFA 's dedication to quality has earned it a strong global reputation.    94.73% Exports during FY 2023-24 IMFA ’s core smelters business is largely export oriented at the moment with more than 90% of ferro chrome output being sold in South Korea, China, Taiwan, and Japan. Through long-standing relationships with stainless steel producers and a strong customer orientation, the Company benefits from assured off-take resulting in stable operations    Esteemed clientele includes multinational giants like POSCO (South Korea), Tsingshan Group (China), E-United Group (Taiwan), and Marubeni Corporation (Japan) alongside prominent domestic stainless steel producers such as Shri Balaji Industrial Products Limited, Rimjhim Ispat, BRG Steel, and AIA Engineering among others.    About the author Hi, My Name is Rounaq Bakshi. I am investing in Indian Markets from 2012 w...

  https://youtube.com/shorts/nGhCFQaFLbg?si=gFnDKI7XbiciGblP Aarti Industries plans capex worth Rs 3,000 crore over next two years (2023) Specialty Chemicals manufacturer Aarti Industries is planning a capex of Rs 3,000 crore over the next two years, which it plans to fund via both internal accruals and debt. The capex will help the company add new value-added products to its portfolio that will aid the company's EBITDA margin going forward. The company's operating profit or EBITDA is likely to grow by a compounded annual growth rate (CAGR) of 25 percent over the next two years. Notably, HDFC Securities had maintained its ‘buy’ recommendation on Aarti Industries with a price target of Rs 851 per share, citing its capex plans. “The company’s constant focus on capex and R&D will enable it to remain competitive and expand its customer base About the author Hi, My Name is Rounaq Bakshi. I am investing in Indian Markets from 2012 with focus on fundamental analysis.    ...

  https://youtube.com/shorts/mF2_PovxZMY?si=Vq1lz4SLg2UXlpqL MapmyIndia:  integrated global maps for over 200 countries into its Mappls platform The levers for growth and profitability are in place, and is on track towards milestone of crossing Rs 1000 Cr revenue by FY27/FY28. MapmyIndia Q1FY25 Revenue grows 13.5% YoY to Rs 101.5 Cr, with EBITDA Margin at 42.1% and PAT Margin at 32.1%  EBITDA grows 14.3% YoY to Rs 42.8 Cr, PAT grows 12.1% YoY to Rs 35.9 Cr C.E. Info Systems Ltd. (“MapmyIndia”), India’s pioneering and leading deep-tech digital mapping, geospatial software and location-based IoT products, platforms, APIs and solutions company   MapmyIndia has built India’s most comprehensive, accurate, feature-rich and continuously updated digital map data product down to address and urban building level detail pan India, covering all towns, villages, and the entire road network of the country.  The company is building not just 2D maps, but also 3D (with land...

  https://youtube.com/shorts/hDxFhNpL1mg?si=zW3jJZZPaj1E6X0j Jio Financial Services:  Jio Leasing Services Limited Jio Leasing Services Limited (JLSL) Jio Information Aggregator Services Limited (JIASL), later renamed as Jio Leasing Services Limited (JLSL), offers operating lease solutions to consumers and businesses through a Device-as-a-Service (DaaS) model. DaaS is a new-age service model where businesses or individuals lease certain goods along with associated services, instead of purchasing the devices outright. DaaS typically includes installation, maintenance, support, and sometimes additional services like updates, offering an operating lease structure to customers.   The DaaS model presents a significant opportunity for JLSL to boost revenue, enhance customer loyalty, and cultivate robust customer relationships, thereby enriching the overall customer value proposition.  The JLSL team comprises specialists in leasing, technology management, and customer ...

  https://youtube.com/shorts/M-z-5Zx2wLk?si=WdaO8eWdjpjmbiaB CANARA   BANK : Less than 10 PE Global Business stood at Rs. 23,10,350 cr grew by 11.07%.  Gross Advances stood at Rs. 9,75,183 cr grew by 9.86%.  Global Deposit stood at Rs. 13,35,167 cr grew by 11.97%.  Net Profit stood at Rs. 3,905 cr grew by 10.47%.  Net Non-Performing Assets (NNPA) ratio reduced to 1.24% as at June 2024 down from 1.27% as at Mar 2024, 1.57% as at June 2023.   Return on Assets stood at 1.05% improved by 6 bps.  RAM Credit grew by 12.26%.  Retail Credit grew by 23.54 % with Housing loan at 11.90 % and Vehicle loan at 15.49%.  About the author Hi, My Name is Rounaq Bakshi. I am investing in Indian Markets from 2012 with focus on fundamental analysis.                                                          ...

https://youtu.be/TLzSD-eO66E?si=AUXkF1RXsT3B-fCa Sasken  has deep expertise in cutting edge technologies including 5G, IoT, Industry 4.0, Semiconductors, edge computing, Autonomous vehicles, etc.  Sasken appoints Abhijit Kabra as its Chief Executive Officer India See significant opportunities for fueling growth in these areas which are key differentiators for  Sasken      Sasken  Technologies announced its collaboration with Qualcomm Technologies Inc. through the Qualcomm IoT (Internet of Things) Accelerator Program. This alliance is a significant step in the realm of IoT innovation and emphasises both firms' commitment to helping the future of connected devices and services, according to  Sasken  Technologies. "The Qualcomm IoT Accelerator Program is designed to create a robust ecosystem of connected IoT devices, driven by collaborations that can transform industries, business models, and experiences,” Atul Suri, VP, of Strategy and Ana...

https://youtu.be/C56n8Xjv7mQ?si=HP9SiQXZTMI54obK MosChip  Technologies working with Taiwan Semiconductor Manufacturing Company on Semiconductor Oct 17, 2022  –  MosChip  Technologies, a Semiconductor and Embedded system design services company, announced that the company has joined the Design Center Alliance (DCA) of  . The TSMC DCA focuses on  chip -implementation services and system-level design solutions to help lower design barriers for customers adopting TSMC technology. “ MosChip  is pleased to partner with TSMC as its OIP member,” said Venkata Simhadri, MD/ CEO of  MosChip . “This is a major milestone for  MosChip , which highlights our strategic focus to collaborate with the world’s leading foundry for providing the highest quality solutions to help our mutual customers enable advanced SoC design. The membership certainly allows us to engage and serve our mutual customers more efficiently.” Semiconductor and system design service...

  https://youtu.be/TLcT4x1dJ5I?si=m8QRAJ6XsWml4n-f SANGHVI  MOVERS LTD.: Business Outlook is Week For the first quarter of current financial year 2024-25, the financial performance of the company has affected on account of reduction in capacity utilization and consequent reduction in the blended average yield primarily on account of better than predicted monsoon & slowdown due to general elections.  The management expects similar kind of business outlook and subdue financial performance of the company in Q2 FY 25 and expect further drop in CU (below 75%) and average blended yield (below 2%).  Company have better visibility of crane deployment post monsoon i.e. H2FY 25 and have healthy pipeline and serious enquires from its key customers.  Expect business volume, CU and Yield to pick up in H2FY and CU and Yield is expected to cross beyond 80% and 2% respectively in H2FY25.  Inview of the above, the management have cautiously reviewed its Capex decision a...