Rounaq Bakshi notes

Garden Reach Shipbuilders & Engineers Limited (GRSE):   PAT FY25 growth of 48% (Y‐o‐Y). FY25 Compared with FY24: Total Income for the FY25 stood at ₹5,411 Crore against ₹3,892 Crore in FY24 with growth of 39% (Y‐o‐Y). Revenue from Operation has increased to ₹5,076 Crore in FY25 from ₹3,593 Crore in FY24, registering a growth of 41% (Y‐o‐Y). The Earnings before Interest, Tax, Depreciation and Amortization stands at ₹756 Crore in FY25, as against ₹534 Crore in FY24, with an increase of 42%. Profit Before Tax (PBT) is  ₹703 Crore for FY25 as compared to  ₹481 Crore in FY24, registering a growth of 46% (Y‐o‐Y) Profit After Tax (PAT) is  ₹527 Crore in FY25 as against  ₹357 Crore in FY24, registering a growth of 48% (Y‐o‐Y). Earnings per share (EPS) for FY25 is ₹46.04, against ₹31.19 in FY24. Company has declared total dividend @ 138.5% of Paid‐up Share Capital against 93.6% of previous year.     About Ga...

  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...

IMFA: Kalinganagar Project, will increase production capacity by 40% Business Highlights • Chrome Ore raising crossed 700,000 lakh tonnes mark for the first time • Work has started on the 100,000 tpa ferro chrome expansion at Kalinganagar • Agreement signed with leading RE companies for 110 MW hybrid renewal energy on RTC basis • Ethanol Project on track to be commissioned in Q4 FY26 Market Commentary – Q4 FY26 and Outlook Commodity markets in general were affected by geopolitical disputes and uncertainty brought about by trade policy related developments. As a result, ferro chrome prices in particular corrected sharply making it unviable for most producers, especially as chrome ore prices remained elevated due to supply constraints. South Africa continued to experience high logistics and electricity costs, and Glencore announced that it would curtail ferro chrome production until market conditions were more conducive. There has been a noticeable turnaround in ferro chrome prices, supp...

   Aarti Industries Sets Strong Foundation for FY26 with Strategic Expansions and Sustainability Focus    FY24-25 Full-Year Performance  ● Revenue Growth: 13%  ● EBITDA: ₹ 1016 Cr, aligned with revised guidance  ● CAPEX: ₹ 1372 Cr focused on growth, energy efficiency, and innovation  ● Dividend: Final dividend of ₹ 1 per share (20% of face value of Rs. 5/- each) recommended by the Board. Business Highlights:  ● Strong volume recovery in Nitro Toluene, NCB, and Ethylation-based products, supported by capacity additions.  ● Sequential volume growth aided by refined pricing strategy and steady export demand; long-term offtake and spot flexibility maintained.  ● Hybrid renewable energy shift through two power purchase agreements; set to deliver cost and carbon savings by FY27.  ● Staggered commissioning of Zone IV projects in FY26 is expected to support multipurpose manufacturing capabilities in FY27 and onwards.  FY25- 26 has...

  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 ...

Canara Bank Net Profit FY25 Grew 16.99%   Business Global Business increased by 11.32% (y.o.y) to ₹25,30,215 Cr as at March 2025 Global Deposits increased by 11.01% (y.o.y) to ₹14,56,883 Cr Global Advance (gross) increased by 11.74% (y.o.y) to ₹10,73,332 Cr.  Domestic Deposit of the Bank stood at ₹13,31,137 Cr as at March 2025 with growth of 9.56% (y.o.y).  Domestic Advances(gross) of the Bank stood at ₹10,08,671 Cr as at March 2025 grew by 11.06% (y.o.y).  RAM credit increased by 13.23% (y.o.y) to ₹ 6,10,127 Cr  Retail lending Portfolio increased to ₹2,23,366 Cr i.e., grew by 42.80% (y.o.y).  Housing Loan Portfolio increased by 13.57% (y.o.y) to ₹1,06,167 Cr.   Canara Bank plans to launch IPOs for its two subsidiaries, Canara Robeco Asset Management Company (AMC) and Canara HSBC Life Insurance Company, to raise funds and reduce its stake in these entities.  The IPO of Canara Robeco AMC will be an offer for sale, with Canara Bank selling...

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...