Rounaq Bakshi notes

BEML Land Assets has estimated value of the land assets of Rs 8,400 crore • Notably, the title registration for properties in Bhopal and New Delhi had been completed successfully on 21.03.2025 and 08.04.2025 respectively. Registration of other properties are on the anvil.  Company is also evaluating other options to monetize or develop the registered properties after taking approval from the Board and DIPAM through the Administrative Ministry Fair Valuation of Investment Property  Draw attention to Land & Buildings where they have been carried as Investment property as per Ind AS-40.  Cost model has been adopted for valuation of Investment properties under Ind AS-40.  The fair value of the property is Rs. 2,32,537 Lakhs as per the report of a certified valuer Dt 22 Oct 2022. 1.  https://youtu.be/mLtYo-0pON0?si=M_JkV__wojNTMZms 2.  https://youtu.be/iZtI7ludeEw?si=VxsBrfz4Wbi_79vj Strategic land assets theme: BEML   Land  Assets ( BEML ) — a sub...

Shipping Corporation of India Limited (SCIL): Hidden gems of India As part of the Government of India’s initiative through the Ministry of Ports, Shipping and Waterways (MoPSW) and the Ministry of Petroleum and Natural Gas (MoPNG), the Shipping Corporation of India Ltd. (SCI) has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Ltd. (BPCL), Hindustan Petroleum Corporation Ltd. (HPCL), and Indian Oil Corporation Ltd. (IOCL).  The purpose of this collaboration is to build and operate fleet together that will support the vision of Atmanirbhar Bharat, strengthen India’s shipping capacity, and improve country’s energy security. Under this MoU, companies plans to jointly acquire, own, operate, and manage vessels.  These vessels shall be used for international trade as well as coastal transport of petroleum, petroleum products, petrochemicals, and other hydrocarbon cargoes.  1.  https://youtube.com/shorts/rjuaHdi_-60?si=MJlvYFzzpixf_K3i 2.  ...

GODREJ INDUSTRIES : market value of GIL’s shareholding in listed group companies was Rs 65,611 Crisil Ratings has assigned its  ‘Crisil AA+/Stable’  rating to Rs 2,000 crore non-convertible debentures (NCDs) of Godrej Industries Ltd (GIL) while reaffirming its rating on the NCDs worth Rs 6,250 crore and commercial paper programme at ‘Crisil AA+/Stable/Crisil A1+’ The ratings continue to reflect strong financial flexibility arising from GIL’s shareholding in the listed group companies which have healthy credit profiles.  GIL has a track record of maintaining healthy net debt cover  (Crisil Ratings adjusted ratio of total market value of investments to net debt) of 6-10 times over the  past five fiscals through 2025.  The market value of GIL’s shareholding in listed group companies was Rs 65,611 crore against net debt of Rs 9,696 crore (netting off cash balance of Rs 684  crore) as on August 31, 2025.  Further, GIL’s investment amounting to Rs 3,454...

Cineline India Limited: Monetization of Hotel Asset for INR 270 crores Commenting on the Company's performance, Mr. Ashish Kanakia, CEO of Cineline India Limited, said, Over the past three years since launching film exhibition business, have surpassed INR 200 crores in revenue, marking a 2X increase in revenue and a 4X growth in EBITDA compared to first year.  Have enhanced operational efficiency by renegotiating lease terms with developers and exiting underperforming screens to optimize costs which has helped us improve profitability.  Have successfully completed the sale of hotel asset for an enterprise valuation of INR 270 Crores, allowing  to fully concentrate on expanding core film exhibition business.  This move will accelerate growth and help expand market presence through addition of new screens.  With debt of INR 228fully repaid, have strengthened financial position which will be reinvested to drive business growth.  By leveraging innovative strate...

IIFL Capital Services Ltd: Exposure to uncertainties inherent in the capital market businesses Exposure to uncertainties inherent in the capital market businesses and tightening regulatory environment : The company's key broking business remains exposed to economic, political, and social factors that drive investor sentiments.  Given the cyclical nature   of the business, brokerage volumes and earnings are highly dependent on the level of trading activity in capital markets.  This makes earnings and profitability volatile .  However, the impact on earnings is partially offset by the high share of business coming through franchisees, resulting in a more variable cost structure. Over the past couple of years, the broking industry has witnessed a dynamic regulatory environment.  With the objective of enhancing transparency, limiting misuse of funds and safeguarding investor interests, Securities and Exchange Board of India (SEBI) has introduced several changes....

Allcargo Terminals is the leading CFS-ICD operator in the country and offers one of India’s widest networks Video:  https://youtu.be/r7Zva0y1O1c?si=FICcCSzETLc4RWIX   Theme A Container Freight Station (CFS) is usually located near a port and offers bonded and non-bonded warehousing services that may be required while carrying out Exim trade and completing customs formalities. At a CFS,  cargo  to be exported can be stored and consolidated into containers. Similarly,  cargo  imported can be de-consolidated, stored and further transported to its required destination. A CFS facilitates EXIM trade and makes intermodal transportation more effective Business: The company is well-positioned at key ports of JNPT, Mundra, Chennai and Kolkata that drive more than 80% of India’s container traffic The Company operates an asset light business model and its core business comprises of Container Freight Stations (CFS) and Inland Container Depots (ICD) Operate 7 CFS and ICD...

JSW   Infra  has sufficient cash flows to fund future expansion:  JSW   Infra  Joint MD & CEO Arun Maheshwari 1.  https://youtube.com/shorts/tE2z5YNFi4c?si=NIQBJlD5xufZPcBt 2.  https://youtu.be/nXV9kSXPzuM?si=50Gys08WXM6LYp1H JSW   Infra  has sufficient cash flows to fund future expansion:  JSW   Infra  Joint MD & CEO Arun Maheshwari "Thermal energy consumption in India will peak by 2050, despite the push for green energy. This leaves a good two to three decades for coal demand to grow in India The way India is growing and offering opportunities for growth is amazing. I think we are well positioned in this sector in the country. Our internal cash generation is also quite strong. The kinds of projects we are taking on and what we envisage as our future strategy will be sufficiently covered by our internal cash flows and the money that we are raising now. Everybody can create assets, and we would encourage more players to...