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CONTENTS Vol. 31 No.

19 • AUG 22 - SEPT 4, 2016

52 Cover Story

20
Recommendations Regulars
Analysis
10 Choice Scrip
06
07
Editor’s Keyboard
Company Index
Bajaj Auto
Ride on the investment
12 Low Priced Scrip
08
16
Market View
Technicals
highway with ‘Hamara Bajaj’
14 Hot Chips
68
74
Query Board
Kerbside

24
Special Report
When Smart Debt
Restructuring Of
Companies Can Make You
Smile
62
Corrigendum
Subscribers can
Please note that in vol 31, issue no 18, in
access the complete Special Report the CFO interview section we had printed
databank consisting names of two CFOs erroneously. The
of more than 3500
companies on our Decoding The IPO Euphoria: correct names should have been Aman
Verma instead of Ajay Mahajan on page 44
and on page no 46, it should read Manish
website www.DSIJ.in
Pros and Cons Of It Dhariwal instead of Manish Mahajan. We
apologise for the unintended error in print.

4 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


From The Editor’s Keyboard

Market Sentiments Look Bright


& Strong
So our advise is that market is going to do very
well in the coming three to four years. We also
feel in due course of time people will
increasingly invest through mutual funds.
Immediately in short run we do not see any
triggers for the markets except that earnings
may surprise us on the upside in the coming
quarters. Also comments from SBI on the
credit growth indicating improvement in the
credit off-take can support the market
sentiment. Th ere is a visible improvement in
the infrastructure space and as a result, cement
stocks have gained traction with several cement
companies posting good earnings. Big
infrastructure projects are getting green signal
and as a result, with increasing demand from
infrastructure space, the cement sector is doing
well. You can keep a watch on the cement
stocks for the time being at least.

F
Current liquidity driven rally may get support
inally we have a clear sky above our head and I am not from the expected earnings upgrade in coming quarter i.e
talking about the slow changes of season. Th e context is September quarter. We expect September results to be better
all the decade long controversies over GST Bill. Now it than the June quarter results. On the interest rate front the
has gained enough teeth and nails to be the first such unified WPI level is not a good news. Th e WPI numbers came higher
tax regime in India. I am happy to note that political parties due to contribution from increasing vegetable prices and dal
beyond their ideologies agreed to the Bill and let it get cleared prices. We expect the WPI numbers to cool down in coming
in the Rajya Sabha. month.

Th is edition of your favourite investment fortnightly is It will be interesting to see the new governor’s stance on
dedicated to the causes of mainly, mutual funds and all the monetary policy. Even if the newly appointed governor adopts
happening in the IPO segment. We have cover reportage on an aggressive stance , chances of him or her cutting the
Balanced Funds, the most happening segment in Mutual interest rates in initial tenure are low, hence market may not
Fund industry at this time. expect an interest rate cut.

With investors who do not have either inclination, time, We expect the liquidity driven rally to continue and India will
skill or know how to build their own portfolios,mutual fund continue to attract foreign portfolio investments. Indian
surely is the most advisable mode to participate in equity markets have gained almost 7 per cent on YTD basis. Th e
markets. For investors with greater insight and experience, markets may gain momentum in the second half of the year
direct equity investing can lead to higher returns. Even and deliver superior returns. We believe that Sensex can touch
direct equity portfolios should be constructed keeping 30000 atleast before year end or at worst before March 2017.
long term time frame in view. In direct investing,
portfolio reviewing is equally important and we would
recommend that every investor should review the portfolio
every quarter. V B PADODE
Editor-in-Chief

6 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


facebook.com/DSIJin twitter.com/DSIJ

Vol. 31. No. 19 • AUG 22 - SEPT 4, 2016


enquiry@dsij.in linkedin.com/in/DalalStreetInvestmentJournal
Founder & Editor-In-Chief Subscription & Customer Care
V B Padode Utkarsh Sawale
Executive Editor
Joydeep Ray
Arvind Manor
Mohnish Sawant Note of Appreciation
Assistant Editor Marketing & Sales
Yogesh Supekar G M - Marketing & Sales Kudos to you and your team at DSIJ for providing excellent
Research Farid Khan recommendations in terms of Choice Scrip and Low Priced Scrip in
Neerja Agarwal Mumbai: DSIJ magazine. Magazine helps many investors like me to take
(Sr. Manager Research) Nitin Zimur appropriate investment decision in share market.
Karan Bhojwani (Sr. Manager - Sales)
(Sr. Research Analyst) - Kishore
Harshad Wadivkar
Abhijeet Gosavi (Manager - Online Sales)
(Research Analyst) Editor’s response: Dear Mr Kishore, we are delighted to know your take
Bengaluru:
Lohit Bharambe N K Vishwanatha
on your favourite investment fortnightly. Your feedback helps us to serve
(Sr. Research Associate) (Sr. Manager - Sales) you better. Keep writing to us.
Rashmi Wankhede
(Research Analyst) Delhi:
Mohamed Rizwan

Recommendations
Bhagyashree Vivarekar (Senior Manager - Media Sales)
(Research Analyst- Editorial)
Mutual Funds : Hemant Rustagi
Graphics : Tax: Jayesh Dadia
Vipin Bendale Price Page
Company/Scheme Reco. Column
(`) No
DSIJ Private Limited ABM Knowledgeware Hold 106.00 QueryBoard 68
Managing Director Adani Ports and Special Eco. Buy 273.00 Hot Chips 14
Rajesh V Padode
Amara Raja Batteries Buy 903.00 QueryBoard 70
For Customer Service Bajaj Auto Buy 2876.00 Analysis 20
020-49072626 OR service@DSIJ.in
Bajaj Corp Exit 391.00 Reviews 73
Mumbai Office Bharat Forge Buy 839.00 Technicals 16
419-A, 4th Floor, Arun Chambers, Tardeo,
Next to AC Market Mumbai - 400034 Dish TV Exit 91.25 Reviews 73
022-43476012/16/17 DIVI’s Laboratories Buy 1261.00 Technicals 16
Pune Office Federal Bank Buy 64.90 Low Priced Scrip 12
C-305, 3rd Floor, Trade Center,
North Main Road, Near Axis Bank, Opposite Lane no. 6, Franklin India Balanced Fund Buy 102.96 Cover Story 59
Koregaon Park, Pune - 411001
Ganesha Ecosphere Buy 194.00 Kerbside 74
020-49072600
Bengaluru HCL Tech Hold 795.00 QueryBoard 68
#447, 4th floor, (next to HDFC Bank), HDFC Balanced Fund Buy 118.98 Cover Story 59
17th cross, Sector 4, HSR Layout
Bengaluru - 560034 09448258239 L&T India Prudence Fund Buy 21.13 Cover Story 58
Delhi 08527563649 Rajesh Exports Buy 435.00 Choice Scrip 10
Reliance Capital Hold 459.00 QueryBoard 72
To advertise, mail us on ads@dsij.in SBI Magnum Balanced Fund Buy 107.20 Cover Story 60
Printer and Publisher: Nitin Sawant, Editor: V B Padode for DSIJ Pvt Ltd. on
behalf of Achievements Merchandise Pvt Ltd. Printed at Kala Jyothi Process Pvt. Spicejet Hold 60.80 QueryBoard 70
Ltd. Plot No.: W-17&18, M.I.D.C. Industrial Area, Taloja, Dist. Raigad, Navi
Mmbai. - 410 206. and published from 419-A, 4th Floor, Arun Chambers, Tardeo, Suven Life Sciences Hold 199.00 QueryBoard 72
Next to AC Market, Mumbai - 400034 All rights reserved. While all efforts
are made to ensure that the information published is correct and up-to-date, Dalal Sybly Industries Buy 12.24 Hot Chips 14
Street Investment Journal holds no responsibility for any errors that might occur.
All material contained herein is based on fundamental and technical analysis and Tata Balanced Fund –Regular Plan Buy 183.63 Cover Story 60
other in-house methods, which though reliable, are not infallible. The information
given in the magazine is of an advisory nature. Readers are advised to consult TATA POWER Buy 76.50 Kerbside 74
experts before taking any investment decision and Dalal Street Journal holds no
responsibility for any losses that may arise due to investment decisions made on TPL PLASTECH Buy 503.00 Kerbside 74
the basis of information given within the magazine. No reproduction is permitted
in whole or part without written consent from Dalal Street Journal All disputes ZYDUS WELLNESS Buy 873.00 Kerbside 74
are subject to the exclusive jurisdiction of competent courts and forums in
Mumbai only. Dalal Street Investment Journal is a member of INS/ABCs. BP - Book Profit • BPP - Book Partial Profits • BL - Book Loss

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 7


Market View Equity
A Positive Road Ahead, Post Independence Day
W
e celebrated 70th Independence Day of India, with Prime Minister
Narendra Modi addressing the nation and putting forth the slogan
of “reform perform and transform”. The PM highlighted various
achievement of the government and talked about various schemes
which will cover inclusive growth for the country. The country
recently witnessed the passage tax reform-GST, which will give strength to economy
in long term.

The inflation data is yet to be assuaged with monsoon as the wholesale price index
(WPI) surged to 3.55 per cent in July 2016 vs 1.62 per cent in June 2016. Meanwhile,
Consumer Price Index (CPI) spiked up at 6.07 per cent in July 2016 vs 5.77 per cent
in June 2016. Overall annual retail inflation shot up beyond the official tolerance of 6
per cent owing to higher food prices like pulses and vegetables. Reserve Bank of India International Markets
kept rates unchanged in its Aug 2016, Monetary Policy. Steady rates by RBI justified 16th Aug 02nd Aug Gain/Loss
the WPI and CPI inflation numbers to decelerate them. Indices
2016 2016 (%)
Dow Jones Ind 18,636.05 18,313.77 1.76
On global front- all the US stock indexes i.e. S&P 500, Dow Jones and NASDAQ hit S&P 500 2,190.15 2,157.03 1.54
all-time high on Monday, August 15, 2016 due to boost in commodity related stocks NASDAQ 5,241.14 5,109.80 2.57
owing to weaker dollar. While Asian markets - Hang Seng, Nikkei and Shanghai in FTSE 100 6,941.19 6,645.40 4.45
last fifteen days rose by 5.49 per cent, 2.92 per cent and 5.18 per cent supported by a
DAX 10,739.21 10,144.34 5.86
jump in oil prices and easy monetary policy around the world. Meanwhile, Japan is
CAC 40 4,497.86 4,327.99 3.92
stepping up its purchasing of exchange-traded funds.
Hang Seng 22,932.51 21,739.12 5.49
Nikkei 16,869.56 16,391.45 2.92
In currencies, dollar slipped at 66.76 level as
Market is expected to be market is looking forward at Federal Reserve Shanghai 3,125.20 2,971.28 5.18

range bound in short term meeting on Wednesday, August 17, 2016.


Although Fed officials have said a rate hike is Performance Of Indices

as mixed earnings left the possible by the end of the year, we see least Indices
16th Aug 02nd Aug Gain/Loss
2016 2016 (%)
possibility owing to fragile global economic
market confused and outlook. In last fortnight, FII are seen
SENSEX
Nifty
28,064.00 27,981.71 0.29
8,642.00 8,622.90 0.22
without any trigger. We continuously buying in Indian market.
EuroPacific Growth Fund, Government of
Mid-cap 12823 12,629.97 1.53

expect the markets to Singapore, Abu Dhabi Investment Authority,


Small-Cap
Auto
12212 12,219.79 -0.06
21,274.00 21,087.43 0.88
Aberdeen and Franklin Templeton Investment
slowly move toward the 30k Funds led the buying spree. Net FII buy
Bankex
FMCG
21,815.00 21,375.74 2.05
8,736.00 8,825.67 -1.02
were Rs 5204 crore while DIIs adorned the shoes
mark by early next year. of sellers in last fifteen days and booked profit..
IT 10,801.00 11,010.00 -1.90
Metal 9,894.00 9,359.47 5.71
Power 2,076.00 2,056.53 0.95
On sectoral front, metal sector performed well with upside of 5.71 per cent in last Realty 1,576.00 1,584.82 -0.56
fortnight while other sectors were flattish to negative except banking (up by 2.05%).
IT and FMCG sector experienced slippage by 1 to 2 per cent due to lower earnings of Net Investment In Equity Markets (`/Cr)
the companies.16 IPOs have hit the Dalal street in 2016. SP apparels which listed last
Date FIIs DIIs
fortnight received positive response. RBL Bank Ltd is next in queue to enter the
market and will open from August19- August 23, 2016 for subscription in price band 12-Aug-16 640.94 -392.47
of Rs 224-225 per share. Do read our special coverage on IPOs in this issue on page 11-Aug-16 500.78 -621.65
62. 10-Aug-16 321.29 -747.27
09-Aug-16 1171.73 -610.15
Going forward market will take cue from oil prices, Fed Reserve meeting and 08-Aug-16 488.58 -876.34
political-economic events in the country and abroad. Market is expected to be 05-Aug-16 549.42 616.32
range bound in short term as mixed earnings left the market confused and without 04-Aug-16 629.1 -527.11
any trigger. We expect the markets to slowly move toward the 30k mark by early 03-Aug-16 247.1 -800.75
next year. 02-Aug-16 655.61 -383.23
(Analysis by Rashmi Wankhede) Total 5204.55 -4342.65

8 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Recommendations Equity
On financial front, REL’s revenue boosted
by more than three times to `58917 crore
in Q1FY17 as compared to the same
period in the previous financial year. The
company’s EBITDA declined by 3.76 per
Rajesh Exports cent to `381 crore in Q1FY17 on yearly
basis. Its EBITDA margin contracted by

THE MIDAS TOUCH OF RAJESH EXPORTS


197 basis points to 0.65 per cent in
Q1FY17 as compared to same period in
previous financial year. REL’s net profit

T
also rose by 13.81 per cent to `270 crore
in Q1FY17 as compared to the same

CHOICE
he Indian Meteorological period in the previous financial year.
Department (IMD) had
P

earlier predicted an above On a yearly front, REL’s revenue in-


average monsoon this year creased by 227.39 per cent to `165211
R I

which we believe is going to crore in FY16. The company’s EBITDA


further drive rural incomes, thereby too rose by 39.65 per cent to `1769 crore
C

creating strong demand for gold in FY16 as compared to the same period
jewellery over the coming quarters. The in the previous financial year. Its net
S

recent decline in global gold prices is profit also boosted by 62.88 per cent to
1 Ye a r I n ve st m e n t H o r i zo n likely to trigger demand for jewellery `1067 crore in FY16 on yearly basis. REL
sales in India. All India Gems and has cash of `11865 crore as of FY16. The
Jewellery Trade Federation (GJF) has company has a healthy debt to equity
demanded to cut import duty to 5 per ratio of 0.96 as of FY16. It has given ROE
cent from 10 per cent. High import duty and ROCE of 31.85 per cent and 43.79
is affecting industry’s top line and per cent as of FY16.
economy as a whole.
During July 2016, REL has won an export
Indian jewellery market is estimated to order worth `786 crore of a designer
HERE IS WHY grow at a CAGR of 15.95 per cent in range of gold and diamond studded
Monopoly of presence in value chain of gold 2014- 2019. The acquisition of Valcambi jewellery and medallions from the UAE.
business coupled with strong order pipelines will The order is to be completed by October
continue to act as strong catalysts for 15, 2016. Its order book stood at
Strong order book Rajesh Exports (REL) going forward. `36844 crore as of June 2016. On
Attractive valuations among peers REL is currently the single largest valuation front, REL’s share price is
constituent of gold business in the world. trading at trailing twelve months (TTM)
Best of LAST ONE Year The company has been included in the PE multiple of 12.23x times as compared
Name of Reco CMP Gain Global Fortune 500 companies list. It is to industry PE multiple of 21.31x times.
Company Price (`) (`) (%) the only company which has presence Company has lower PE multiple as
Yes Bank 797.00 1295.00 62.48 across the value chain of gold from compared to peers such PC Jeweller and
Techno Electric & Engg. 434.00 650.00 49.77 mining till having its own retail brand. Titan has PE multiple of 19.23x times and
Shriram Transport Fin. 903.00 1274.00 41.09
REL has set up 80 retail jewellery 51.58x times. The lower PE is quite
showrooms under the brand name of attractive and has traction to grow in the
Aarti Industries 429.00 588.00 37.06
SHUBH Jewellers. coming quarters. DS
Vakrangee 132.00 179.00 35.61
(Closing price as of Aug 16, 2016)
Note: The stocks recommended under this section are fundamentally strong stocks. However investors are advised to wait for the
correct opportunity to enter these stocks considering the market sentiment right now.
CMP
Monthly Stock Market Returns Shareholding Pattern Last Five Quarters (`/Cr)
BSE Code: 531500 (`) June-16 Mar-16 Dec-15 Sep-15 Jun-15
CMP: `435 FV: `1
31/03/2016 Particulars
BSE Volume: 167435 Total Income 58916.76 55928.33 49819.13 44319.65 15144.26
Promoter 53.86
Date: 16/08/2016 Other Income 0.14 4.55 3.61 0.86 0.00
FII 16.77
Operating Profit 381.56 518.03 382.15 472.27 396.34
DII 3.31
Interest 92.99 213.12 54.97 167.20 142.35
Others 26.06 Net Profit 269.91 251.12 302.69 279.84 237.16
Total 100 Equity 29.53 29.53 29.53 29.53 29.53

10 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Recommendations Equity
cushion to the bank. Also we see that
NPAs are slowly decelerating and the
same have benefitted the net profit which
spiked up by whopping 1530 per cent to
`167 crore in first quarter of FY17.
Federal Bank
Cost to income ratio is down by 259 bps

BANK ON IT
points to 54.19 per cent in Q1FY17 on
QoQ basis, a consistent show of efficiency
from 59 per cent in Q3FY16. Net interest

F
income (NII) is consistently growing
from `510 crore in to `692 crore over two
ederal Bank has presence over years. Federal Bank has successfully
all geographies of India (1252 reduced its expenditure by 2 per cent and
branches and 1551 ATM) and is improved operating profit by 8 per cent in
improving its footprint. Its Q1FY17 on QoQ basis. Net interest
home base Kerala (~50% of the margin (NIM) is marginally down 3 bps
branches) is continuing its dominance points to 3.28 per cent in Q1FY17. Its
with 5 per cent gain in market share led by CASA and retail deposit grew by 18 per
PRICED SCRIP wholesale (39% rise) and NR business cent and 12 per cent in Q1FY17 on QoQ
(24% rise). Also, the loan book is well basis. The CASA ratio of the bank has
diversified with corporate contributing risen substantially to 32.83 per cent from
35% to the pie followed by SME (25%), 26.94 per cent in last five years which is
retail (20%) and agriculture (10%). positive sign of marketing depth.
Additionally, the bank is adding to
1 Year Investment Horizon In fiscal year 2016, interest income customer base since Q1FY16 to make it
component grew by 4.38 per cent; total 76.42 lacs in Q1FY17. Deposits and
deposits grew by 11.78 per cent to advances have risen by 2 per cent in
`79171.71 crore; CASA,NR and retail Q1FY17 on QoQ basis. Credit growth
deposits displayed growth of 19.28 per witnessed an improvement in Q1FY17 at
cent, 25.42 per cent and 11.78 per cent 19.3% vs. 13.2% in Q4FY16.
HERE IS WHY respectively; total advances stood at
Focus on improved asset quality `58090.14 crore. Its overall business We can see more accelerated growth after
posted consistent growth of 9.31 per cent. slippages in loan quality taper off.
Diminishing cost to income ratio Looking at 1QFy17, gross and net NPA Federal Bank restructuring is pacing up
High exposure to low risk retail deposits marginally increased by 8 bps and 4 bps to as we see balanced NPAs are reduced to
2.92 and 1.64 in Q1FY17 on QoQ basis. 491 in Q1FY17 vs 598 of Q4FY16. With
Best of LAST ONE Year Provision ratio of the bank is at 72.09 per diversified credit portfolio we see
Name of Reco CMP Gain cent which is above the prescribed consistent growth in FY17. On valuation
Company Price (`) (`) (%) minimum level of 70 per cent by RBI. front, the bank's share looks more
Emmbi Industries 46.00 121.00 163.04 Capital adequacy ratio of the bank is attractive with TTM EPS of 2.92 trading
Manappuram Finance 35.20 87.00 147.16 reduced to 13.59 per cent in Q1FY17 as at P/E of 21.9x as compared to IDFC
KEI Industries 67.00 113.50 69.40
compared to 13.93 per cent in Q4FY16 bank (38x), IndusInd bank (28x). So we
and it is still much higher than limit set at recommend our reader-investors to BUY
Zenith Fibres 96.00 154.00 60.42
9 per cent by RBI; which gives safer this scrip. DS
Waterbase 68.00 109.00 60.29
(Closing price as of Aug 16, 2016) Note: The stocks recommended under this section are fundamentally strong stocks. However investors are advised to wait for the
correct opportunity to enter these stocks considering the market sentiment right now.
Monthly Stock Market Returns Shareholding Pattern Last Five Quarters (`/Cr)
BSE Code: 500469 31/03/2016 Particulars June-16 Mar-16 Dec-15 Sep-15 Jun-15
CMP: `64.90 FV: `2 Total Income 2013.77 2026.52 1902.76 1902.26 1913.63
BSE Volume: 544195 Promoter 0.00
Date: 16/08/2016 Other Income 237.04 226.86 183.31 182.27 193.46
FII 14.09
Operating Profit 2250.81 2253.38 2086.07 2084.53 2107.09
DII 52.82
Interest 168.48 388.64 75.11 87.28 153.10
Others 33.09 Net Profit 167.31 10.26 162.72 161.28 141.39
Total 100.00 Equity 343.87 343.79 343.67 343.49 171.59

12 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Recommendations Equity
ADANI PORTS AND SPECIAL ECONOMIC ZONE CMP - `273

BSE CODE Volume Face Value

A
532921 844723 `2
dani Ports and Special Economic Zone (APSEZ) segments include port and
Special Economic Zone activities and others. On financial front, APSEZ’s
revenue increased by 6.52 per cent to `1827 crore in Q1FY17 as compared to
the same period in the previous financial year. The company’s EBITDA too rose by

C H I P S 4.74 per cent to `1170 in Q1FY17 on a yearly basis. APSEZ’s EBITDA margin
contracted by 110 basis points to 64.04 per cent in Q1FY17 as compared to same
period in previous financial year. Its net profit also boosted by 30.82 per cent to `835
15 Days Investment Horizon crore in Q1FY17 on yearly basis. APSEZ’s net profit margin expanded by 849 basis
points to 45.72 per cent in Q1FY17 as compared to the same period in the previous
fiscal year. The company’s cargo volumes increased by 7 per cent to 42.33 MMT in
Q1FY17 on yearly basis. Its container volume rose by 27 per cent as compared to the
same period in the previous financial year.

Last Seven Days’ Volume Table Scrip’s Movement


(No. of Shares)
Days Volume
The scrips in this
05-Aug-16 2,87,512
column have been 08-Aug-16 3,53,036
recommended 09-Aug-16 10,32,720

with a 15-day 10-Aug-16 19,50,197


11-Aug-16 5,20,832
investment horizon 12-Aug-16 5,29,757
in mind and carry 16-Aug-16 8,44,723

high risk. Therefore,


investors are advised to SYBLY INDUSTRIES CMP - `12.24
BSE CODE Volume Face Value
take into account their 531499 17457920 `10

S
risk appetite before ybly Industries is in manufacturing of polyester yarn and trading in fabrics. On
investing, financial front, its revenue increased by 46.67 per cent to `23.19 crore in
Q1FY17 on yearly basis. Sybly Industries’ EBITDA jumped by three times to
as fundamentals may `1.28 crore in Q1FY17 as compared to the same period in the previous fiscal year.
or may not back the The company’s PAT grew to `0.98 crore in Q1FY17 on a yearly basis. Sybly Industries
is all set to increase capacity from 10000 spindles to 20000 spindles. It is in talks with
recommendations. three manufacturers based in Punjab, Haryana and Uttar Pradesh. It has also
successfully ventured in the retail thread market with its branded products
Hot Chips of Last One Month 'Dagger' & 'Sybdura Poly'. The company has plans of strategic tie-ups over the next
couple of years.
Reco. Peak Likely
Last Seven Days’ Volume Table Scrip’s Movement
Price After Gain
(`) Reco* (%) (No. of Shares)
Issue No 17 July 25 - Aug 7 ,2016 Days Volume
Ashoka Buildcon 169.00 169.00 0.00
05-Aug-16 2,00,500
Info Edge (India) 825.00 893.00 8.24
08-Aug-16 10,87,492
Issue No 18 ,Aug 8 - 21,2016
09-Aug-16 4,04,554
KEC International 145.00 145.00 0.00
10-Aug-16 5,65,351
Crompton Greaves Consumer Electricals 162.00 174.50 7.72
11-Aug-16 11,90,721
*Highest price after our recommendations
12-Aug-16 10,73,399
(Closing price as of Aug 16, 2016)
16-Aug-16 1,74,57,920

14 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


st

10% 16%
Increase in Increase
total Income in PBT

Extract of Unaudited Standalone and


Consolidated Financial Results for the
Quarter ended 30th June, 2016
(` in Lacs)
Quarter Quarter Previous
ended ended Year ended
Sr. 30.06.2016 31.03.2016 30.06.2015
No. Particulars (Unaudited) (Audited) (Unaudited)
1 Total Income From Operations (net) 19,879.30 83,104.64 18,043.30
2
2,780.53 14,533.73 2,396.02
3
1,934.92 10,731.06 1,855.75
4
1,934.92 10,731.06 1,855.75
5
1,000.39 1,000.39 270.55
6

47,043.63
7

3.87 41.93 13.72


3.87 21.45 3.71
Technicals Equity
Nifty Index Chart Analysis
Short-term support of Nifty stands at 8620
NIFTY WEEKLY CHART
The last week passed by was a data-heavy
week. The week started off on a positive
note and remained in the grip of bears for
most of the day; however, on Friday Bulls
took over the bears and ended the week on
a flattish note. In the coming week market
participant week key a close eye on activity
in global market which is likely to dictate
the market in near team.

The Nifty Index managed to close at 8672


as on August, 12 2016. On the weekly time
frame Nifty has formed ‘Hanging Man’
Candlestick pattern and on the weekly
chart we have observed Nifty has formed
back to back two hanging man candlestick
pattern. This pattern is viewed as a bearish
sign. This pattern occurs mainly at the top placed around levels of 8800 and 8850. 8500-8470. RSI on the weekly chart is
of uptrends and can act as a warning of a On the downside, Nifty has support trending in upwards direction and
potential reversal downward. It is pegged at levels of 8620 and breach of this quoting around 69 levels and likely to
important to emphasize that the Hanging zone will attract seller and it will open enter into overbought zone but as long as
Man pattern is a warning of potential trend gates for further correction up to levels of RSI stays above 60 it’s positive for Nifty.
change, not a signal, in and of itself to go Here are the key levels to watch out for the medium term
short. At present, the Nifty is playing Ideas Nifty Levels Action to be Initiated Probable Targets
around its 78.6 per cent retracement. Now Close above 8730-8745 on the weekly chart
going forward Nifty has first resistance Resistance for the medium term 8730-8745
would give further momentum to the bulls.
8800-8850
placed around levels of 8730-8745. If this Close below 8620 on the weekly chart would
Support for the medium term 8620 8500-8470
resistance is pierced next resistance is trigger sell-off.

NIFTY DAILY CHART


Nifty after registering swing high of
8728 level witnessed a sell-off on the
RBI policy day and the very next day as
well. However, Nifty took support
around the rising trend line joined from
the low of 6825 levels. On the daily time
frame, Nifty has formed a ‘Bullish Belt
Hold’ like Candlestick pattern as on July
12, 2016, this pattern is a single
candlestick pattern that is identical to a
Marubozu candlestick indicating the
strength of bullish activity. Now going
forward immediate support for Nifty is
placed around levels of 8600 and breach
of this support will open up gates for
correction up to levels of 8510. On the
Here are the key levels to watch out for the medium term
upside zone of 8730-8745 will act as a
Ideas Nifty Levels Action to be Initiated Probable Targets
resistance zone. A close above
Close above 8730-8745 on the daily chart
8730-8745levels will help Nifty to gain Resistance for the short term 8730-8745
would give further momentum to the bulls.
8800-8830
further momentum and in this case it’s Close below 8600 on the daily chart would
likely to test levels of 8800-8830. Support for the short term 8600 8510
trigger panic sell-off.

16 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Technicals Equity
STOCK RECOMMENDATIONS

BHARAT FORGE ........................... BUY ..............................CMP `839


BSE Code : 500493 Target 1 ..... `900 | Target 2 ..... `940 | Stoploss....`780(CLS)
The stock is currently trading at 839 level. Its 52 week
high and low stands at `1296/ `686 which was made
on August 20, 2015 and June 24, 2016. From last
couple of months, the stock of Bharat Forge has
consolidated in wide range majorly around 720-760.
At the same time it witnessed a sell-off to register fresh
52 week low. Recently, Bharat forge gave ‘Bullish
Engulfing’ pattern breakout with huge volumes at the
technical level of `800. The stock also witnessed a
breakout from its 777 level, which is its 100-day EMA
and 822 which is its 200 day EMA level. At present,
the stock is poised for a decent upside and likely touch
the level of `900. Moreover, the momentum oscillator
RSI is indicates some more strength. Considering all
the parameters, we recommend buy in Bharat Forge
with a target of 900 followed by 940 and a stop loss
of 780.

DIVI’S LABORATORIES ........................ BUY ................... CMP `1261


BSE Code : 532488 Target 1 ..... `1320 | Target 2 ..... `1360 | Stoploss....`1180(CLS)
The stock is currently trading at `1261. Its 52 week
high/low stands at `1279/ `918 and were made
on August 16,2016 and February 29,2016. On the
1-year daily time frame, the stock is forming
sequence of higher tops higher bottom pattern.
Recently, the stock made its 52-week high after
piercing the resistance levels of `1200-1210 which is
the multiple tops in 1 year daily chart. Subsequently,
the momentum oscillator RSI is quoting at 64-65
levels, which indicates strength. Putting all the
studies together, its likely the stock will continue to
march in northwards direction and may scale up to
levels of 1320. Hence, we recommend buy in the
stock with a price target of `1320 followed by 1360
and a stop loss of 1180. So traders can initiate long
position with given stop loss.

(Closing price as of Aug 16, 2016)

*LEGEND: n EMA - Exponential Moving Average. n MACD - Moving Average Convergence Divergence n RMI - Relative Momentum Index
n ROC - Rate of Change n RSI - Relative Strength Index
Disclaimer : Above recommendations are based on various technical parameters and any fundamental input has not been been considered for the recommendations. Follow strict stop loss for the recommendation.

18 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Analysis Equity
BAJAJ AUTO

RIDE ON THE INVESTMENT HIGHWAY WITH 'HAMARA BAJAJ'


R
emember the tag line that the V15, whose fuel tank assembly 1.98 lakh units in July 2016 over July
“Hamara Bajaj” which was contains metal from India’s flagship 2015. Combined exports of motorcycles
once on the mind of many of aircraft carrier, the INS Vikrant, will and commercial vehicles fell 20 per cent
us in the early '80s till the occupy a white space. Total three- to 1.31 lakh units in July 2016 over July
beginning of '90s. Bajaj has wheeler sales of the company, which 2015.
definitely come a long way since then. includes domestic and exports, was its
Bajaj Auto which was the market leader highest ever, at 534,995 units in FY2016
of scooter in those days, was largely which has increased by 3.1 per cent as FINANCIALS YOY
identified for its scooter brands Vespa compared to FY2015. On a CAGR basis, the net sales of the
and Chetak. Bajaj Auto is the part of company from March 2012-16 grew by 5
multi-diversified Bajaj Group which was INDIAN AUTO INDUSTRY per cent on an annual basis. EBITDA
founded by Jamnalal Bajaj in Rajasthan The Indian auto industry is one of the and net profits have grown by 7 and 6 per
in 1940. Today, the company has more largest ones in the world. The two cent in the last 5 years. On the other
than 25 products in two wheelers and wheelers segment with 81 per cent hand, the company has managed to post
three wheelers segment put together. The market share is the leader of the Indian impressive profits in the year ended
company remains India’s largest exporter automobile market owing to a growing March 2016. On a (YoY) basis, its net
of both motorcycles and three-wheelers middle class and a young population. income from operation stands at
and enjoys significant market share. It Moreover, the growing interest of the
has also entered the sports bike segment companies in exploring the rural markets
and the brand Pulsar and Avenger are
the stars in this segment. Till Q4FY16,
further aided the growth of the sector.
India is also a prominent auto exporter
Geographical
the company sold 729,304 bikes
improving its market share from 41 per
and has strong export growth
expectations for the near future. In
spread of exports
cent in Q4FY2015 to 49 per cent in
Q4FY2016. CT 100 and Platina are the
addition, several initiatives by the
Government of India and the major (% of vehicles)
star performers as far as the utility automobile players in the Indian market
segment is concerned as the company are expected to make India a leader in
was successful in selling 865,366 bikes in the two wheeler market in the world by
FY2016 and ended the year with a 2020. The industry has attracted Foreign
healthy market share of 35 per cent. On Direct Investment (FDI) worth US$
the other hand, the company has recently 14.32 billion during the period of April
entered the niche super sport segment. 2000 and December 2015, according to
KTM and Pulsar RS 200 which were data released by Department of
introduced in March 2015 have fair well Industrial Policy and Promotion (DIPP).
rapport amongst the consumers. The Motorcycle sales in the past four to five
company saw a great demand and was years had increased at less than 4 per
able to sell almost 2900 bikes per month cent.
during last year. Share in this super- `23448.93 crores which has increased by
sports segment of the market has JULY SALES NUMBER 5 per cent as compared to the previous
increased from 35 per cent in FY2015 to Bajaj Auto's total motorcycles sales rose financial year 2015. EBITDA too
nearly 60 per cent in FY2016. In 1 per cent to 2.85 lakh units in July 2016 remained strong at `4781.08 which has
February 2016, Bajaj Auto launched the over July 2015. Domestic motorcycle jumped by 7 per cent as compared to the
V15, a 150 cc model to create a new, sales rose 21 per cent to 1.74 lakh units in year ended March 2015. Net profits stood
differentiated and more powerful engine July 2016 over July 2015. Motorcycle at `3839.8 crores which has increased by
category within the mass commuter exports fell 20 per cent to 1.11 lakh units 37 per cent as compared to the previous
segment that is presently dominated by in July 2016 over July 2015. Total sales of year ended March 2015.
100 cc and 125 cc motorcycles. Though motorcycles and commercial vehicles in The balance sheet of the company looks
early days yet, the company is confident the domestic market rose 20 per cent to quite strong. The total current liabilities

20 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Analysis Equity
BSE Code : 532977
Bajaj Auto Ltd.
CMP (`) 2876
Manali Bhatia
Particulars
Net Sales
Amonut (` Crore)
22391.33
Sr. Research Analyst, Rudra Shares & Stock Brokers
% Change 4.33%The Indian automotive sector has the potential to generate up to US$ 300 billion
Operating Profit 5559.75
annual revenues by 2026, create 65 million additional jobs and contribute over 12
% Change 11.17%
Net Profit 3615.98% to India’s GDP (currently contributing 7.1% GDP), as per the Automotive Mission
% Change 19.30%Plan 2016-26 prepared jointly by the Society of Indian Automobile Manufacturers
Equity 289.37(SIAM) and the government. Also, the Indian Auto-Components Industry is set to
EPS (`) 125.00become the third largest in the world by 2025. The Indian auto component makers
FV (`) 10.00are well poised to benefit from globalization of this particular sector as exports
CMP (`) 2844.70
are expected to be increased by up to four times to US$ 40 Billion by 2020. In
P/E (x) 22.76
addition, several initiatives by the Government of India such as GST rollout which
Dividend Yield (%) 1.93
Book Value (`) 458.59would benefit manufacturers paying lower taxes, eliminate the cascading effect of
(Trailing Four Quarter Data) taxes with a single tax rate applicable all over, thereby reducing the tax rates,
expected decline in vehicles prices, & in turn creating demand among customers,
of the company on March 2016 stands at and with this the major automobile player in the Indian market are expected to
`428 crores, which has decreased by 34 make India a leader in the 2W & 4W market in the world by 2020. Looking forward
per cent as compared with the previous to this particular stock, with various new launches & ventures, expected increase
year. However, the total noncurrent in demand of automobiles during the current year (which remained subdued last
liability of the company in the year ended
year), normal monsoons with 7th pay commission into force, which would enhance
2016 stands at `428.08 crores which has
increased by 9 per cent as compared to the disposable income of government employees, rural demand is expected to rise
the previous financial year. Bajaj Auto & could boost up sales & profitability for the stock.
has outlined a capital expenditure of
`575 crores for 2016-17. For the year PEER COMPARISON this prospective range, then the prices of
ended March 31,2016, its exports Hero MotoCorp, Eicher Motors, TVS the automobile products especially two
accounted for 41 per cent of total Motors, Mahindra Scooters are the major wheelers will go down thus increasing
revenue. competitors of the company. However, the demand by making the product
the company enjoys highest market available for the larger audience. GST is
FINANCIALS Q1FY17 capitalisation and dividend yield. the biggest booster to Bajaj Auto not only
Bajaj Auto on July 27, 2016 declared its Dividend yield of the company is 1.93 from the sales prospective but also it will
Q1FY17 results. The company has per cent and highest amongst its peer. increase the reserves for the company.
managed to post marginally better Company P/E stands at 21.97 which is
results. Total income from operation considerably lower as compared to FUTURE
stands at `6088.75 crores, which has Eicher and TVS Motors which have a With softening fuel prices and a steady
increased by 4 per cent, in Q1FY17. Total P/E of 46.84 and 30.18. The company’s P/ interest rates, fundamentals are already
income from operation stands at `5881 BV stands at 6.23 which is marginally in place to drive demand. Two-wheeler
crores. Net profit stands at `978.37 crores less than Hero Motors, TVS, and Eicher. sales last grew in double digits in fiscal
in Q1FY17 which has increased by 2 per P/BV of Hero Motors, Eicher Motors, 2012, when the increase was 14 per cent.
cent. In Q1FY17, domestic motorcycle TVS Motors stands at 6.74, 6.85, 15.40. Since then, the growth has been between
sales of the company has grown by 13 per 3 per cent and 8 per cent. India's
cent as against industry growth of 9 per GST two-wheeler industry is set to record its
cent. Pulsar and Avenger combined After a long lasting debate over 16 years, fastest growth in fiscal 2017.Looking at
together have recorded a growth of 20 the GST has been passed and the auto the recent developments like salary hike
per cent while the segment growth for industry is the biggest beneficiary of the and the passage of GST Bill in the Raj
the industry stands at 13 per cent. KTM GST. Currently the auto industry pays Sabha, the sentiments in the stock looks
has registered a growth of 23 per cent. tax of around 27 to 47 per cent, quite vibrant. Normal monsoon will
The company in a media release said that depending upon the segment in which it certainly increase the spending capacity
exports of Bajaj Auto have grown from is operational i.e. (two wheelers, three of rural population which is a positive for
3,32,500 units in the last quarter of FY16 wheelers, cars, luxury cars). The two the company. On the whole taking into
to 3,70,600 units in Q1FY17. The wheeler segment in which Bajaj Auto is account the company financials and sales
company has exported 4,76,000 units in operational will also benefit. GST is numbers, we suggest BUY at the
the first quarter of the previous financial expected to be in the range of 18 to 20 current level. DS

year i.e. Q1FY16. per cent. If the rates are finally decided at (Closing price as of Aug 16, 2016)

22 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Special Report Equity

Trapped in debt, spiralling interest costs and being


chased by lenders, some of the entities under the
umbrella of India Inc. have now finally woke up
from their slumbers and taking steps to make their
balance-sheets look better, brighter. DSIJ Research Team
talks about the debt-trap and future ahead. It is
bright, they believe and explain, why.

D
uring 2010 and 2013 Indian markets witnessed a to 1.8x. The interest coverage (EBITDA/ interest) hovered
new trend of companies funding their expansion around 1.3x for 2014 and 2015. We see that for 2016, the
projects through debt. Analysing the interest cost interest coverage ratio deteriorated on an average for a set of
of 3,900 companies over the last five years, we can 217 companies to 1.01 due to slowdown in realty sector across
see that the year 2013 witnessed maximum India and situation turned more anaemic in Chennai, NCR and
increase of 25% in interest cost. Slowly, with the slackening in the Mumbai which were main demand drivers. Companies across
economic growth, the focus of the companies turned to the board tried to reduce their debts.
deleveraging and interest cost growth moderated to 18% and
12% in 2014 and 2015 respectively. However, due to lower cash In the past year, sale of assets has emerged as a quick-fix
flows, gap between interest cost and operating profit kept solution to corporate India’s debt miseries. In theory, such deals
narrowing and thus led to pressure on bottom-line. In FY15, can help corporates to liquidate their assets and pay back some
large number of Indian corporates with significant obligation on of their debts. We have covered a point by point understanding
its books had a few rounds of discourses with a couple of suitors of couple of corporates where such arrangements took place or
to sell certain assets. The discourses, in any case, never emerged is under process.
into anything solid, due to valuation tussles. The scenario,
however, changed after the lenders to these corporates forced it
to divest their assets as they wanted to contain the borrower’s It’s A Deal In Progress
soured loans and hence interest cost increase dipped to 6% in
FY16. Therefore, in the last few quarters we have seen a flurry of DLF – A Company Expected To See
deals as overleveraged companies sought to reduce debt.
Turnaround
According to RBI’s latest Financial Stability Report, leveraged An organisation which stood out as truly newsworthy for its
firms-which are defined as those having either a negative net aggressive bid to diminish debt is DLF. The stock prices of the
worth or a debt-to-equity ratio of at least 2.0-have deleveraged company had taken severe beating due to high debt levels, high
over the past six months. The proportion of leveraged inventory levels and slowdown in the realty market. The stock
companies has fallen from 19.4 per cent in September, 2015 to which once quoted at the highs of `289 per share during FY13
14 per cent during March, 2016, while the share of total debt saw massive erosion in prices and reached lower levels `73 in
comprised by these companies has also fallen by 10 per cent to FY16. Lately, DLF has been selling its business activities to
20.6 per cent over the same period. curtail its mountain of debt. But this has largely been failed and
the company could not bring down its debt pile as of date.
Let us take a look specifically at the construction sector which
was facing stressed demand conditions and the leverage was The company has a critical debt level of `20701 crore as of
steep high. The average debt to equity ratio was 2.2x in 2014 March 2016. On consolidate basis, debt of the company hiked
which dropped to 2.10x in 2015 and most significantly in FY16 up by 24 per cent in FY16. Rental arm of DLF Ltd, DLF Cyber

24 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


City Developers (DCCDL) has debt share of `12325 crore in As of now JPA’s interest cost of `7515crore far exceeds its
total consolidated debt of `20701 crore. On standalone basis, EBITDA levels of `4750 crore which raises a question on its
DLF Ltd reduced its debt by 22 per cent in 2HFY16 to `8419 ability to meet interest expenses in future. After scouting for a
crore from over `10758 crore in 1HFY16. In the table as you see buyer for its cement business, it eventually stuck a deal with
below, we note that an interest cost of `2615 crore is shrinking Ultra Tech to buy JP’s five operating units of capacity 17.2 MT
the bottomline to mere `549.4 crore. and a grinding mill for `16189 crore and `470 crore
DLF FY16 FY15 FY14 FY13 FY12 respectively. This will reduce JPA’s debt by almost `16000 crore.
Revenue 9819.2 8168.2 9789.6 9095.7 10223.9 After the deal clinched with Ultra Tech, JPA’s debt will be
EBITDA 3866.4 3543.2 3976.8 3949.1 4498.8 reduced to `45284 crore in upcoming quarter on consolidate
Interest 2615.4 2303.9 2463.3 2314.0 2246.5 basis. We estimate that the company’s interest cost will be
Net income 549.4 540.2 646.2 711.9 1200.8 `5434 crore for FY17, down by 28% vs the interest payment in
Debt 20701 16583 19077 20223 21651 FY16. This will positively impact the earnings by `1400crore
(post tax impact) and also considerably reduce the losses.
To deleverage the balance sheet, promoters of DLF, KP Singh Jaypee’s real estate arm has also been trying to sell some of its
and his family decided to wipe out DLF Ltd’s debt recently. Singh land and other assets for a while now. A further reduction of
family plans to sell their 40 per cent stake in DLF Cyber City debt can lead to positive earnings going forward.
Developers Ltd for `12000-13000 crore and will infuse about
`10,000 crore by purchasing shares in preferential issue in DLF. On the above basis we decided to find out companies which
DLF is also planning to raise `3000 crore from institutional have seen the largest reduction in interest cost over 2016.
investors. After this debt restructuring, the company’s Companies succeeded in reducing interest cost in FY16
consolidate debt will be remarkably lower to `7701 crore. We
estimate that the company’s interest cost will be `972 crore, We analysed further to understand the companies which
down by 62 per cent over FY16. The impact is clearly understood in FY16 were able to reduce debt substantially thereby
when at the net income level of `549crore of FY16, an interest interest cost and also increase their bottom-line. We see from
cost saving of Rs1150 crore (considering the tax impact), can the table below that Sterlite Technologies has been able to
boost the earnings by 200%. No wonder, investors welcomed the reduce interest cost by more than 65% which led to its
step and DLF shares surged up by 13 per cent since June 3rd earnings turning positive. On similar lines we see United
2016 till date. Stock prices of the company has risen by 40 per Spirits and Suzlon Energy turning profitable post reduction
cent over one year and 46 per cent over six months. in debt.
Market Sector Interest cost Net Income
JP-Ultracement Finally Sealed The Deal Company Cap FY16 FY15 % FY16 FY15
Name Change
Another company within this space to be mentioned is Maruti Suzuki
130502 Auto 94 218 -57 4699 3807
India
JAIPRAKASH ASSOCIATES
Aurobindo Pharmaceuticals
Jaiprakash Associates – Expected to turn profitable by FY18 45301 93 160 -42 1982 1576
Pharma and health care
Jaiprakash Associates is the flagship company of the Jaypee Beverages -
United Spirits 36349 456 687 -34 968 -1688
Group engaged in engineering and construction, cement, real Alcoholic
estate and hospitality businesses. The company which was once Tube
celebrated in the market for its rapid diversification, now has Investments of 9740 Automobiles 974 2100 -54 1039 424
been facing mounting pressure from lenders due to its inability India
to service the debt. The stock once quoted above `160 levels in Suzlon Energy 9162 Engineering 1226 2011 -39 483 -9158
early 2010. However, debt burden resulted in immense pressure Apollo Tyres 7854 Tyres 92 183 -50 1093 978
on the stock price and the stock reduced to single digit level of Agriculture/
`5.30 in the June, 2016. Jaiprakash Associates has consolidated Advanta 6118 Horticulture/ 69 120 -42 124 84
debt of `61284 crore of March-16 and company is planning to Lives
reduce its debt by sale of assets. In 2HFY16, company has Sterlite
3543 Cables 113 327 -65 151 -3
reduced debt by 3 per cent on standalone basis over 1HFY16. Technologies
Consequently, JPA’s stock has surged over 35 per cent in the last Ceat 3491 Tyres 91 132 -31 446 317
three months and the stock prices have almost doubled from the Trident 2509 Textiles 136 206 -34 229 118
lower level of `5.30 in the last 1 month or so. Welspun
1015 Construction 29 138 -79 2 1
Enterprises
Jaiprakash Associates FY16 FY15 FY14 FY13 FY12
Revenue 17406.9 19811.7 19976.4 19128.7 15120.5 Hotel Leela
842 Hospitality 88 198 -56 -180 -416
Venture
EBITDA 4750.3 6280.2 6517.6 6922.2 5711.7
Interest 7515.4 7228.7 6094.2 4568.8 3134.1 Opto Circuits Pharmaceuticals
343 44 144 -70 -2 -156
India and health care
Net income -3345.0 -1735.1 -824.8 461.8 632.9
Debt 61284 61100 55377 45370 41169 REI Agro 63 Food Processing 185 315 -41 -1076 -5494

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 25


Special Report Equity
Legend investor Warren Buffet once said
Companies which have reduced debt
substantially in Q4FY16
We all know that debt woes of infrastructure, manufacturing,
cement and construction sectors are becoming talk of the
town because of their scary looking balance sheets. Consortium
lenders are reviewing such companies’ performances and
want to take a call on debt restructuring. To understand
which companies can perform better in FY17, we looked at
companies which have substantially reduced debt in 4QFY16.
The interest cost reduction and eventual positive impact on net
income will start seeping in from FY17.

We have sorted out top such companies which have


reduced their debt on standalone basis in fourth quarter of
FY16 over previous quarter in same period. Out of these, 13
companies have given positive returns and 4 have failed to
attract investors even after debt reduction. PNC Infratech
which has shown rise in EBITDA by 23 per cent in Q4FY16
Vs Q3FY16 gave 12-month return by 39.11 per cent.
Kakatiya Cement Industries and Ajmera Realty and Infra
India have reduced debt in the range of 46 per cent to
49 per cent.
Company Debt 201603 Vs 201512 Stock Performance
Name
201603 201512 201509 Debt % Change Market Cap 1Y Return 6M Return
PNC Infratech 6.03 211.30 324.03 -97 2893.51 39.11 6.01
Kakatiya Cement Industries 7.43 14.64 34.92 -49 330.23 237.41 184.72
Ajmera Realty & Infra India 106.31 197.86 213.97 -46 565.10 13.51 -9.21
Automotive Axles 28.84 47.71 56.58 -40 929.31 -6.90 -10.84
Deccan Cements 78.54 127.52 159.11 -38 744.29 165.68 53.62
Hinduja Foundries 408.80 632.37 548.08 -35 1169.86 89.92 63.77
NCL Industries 101.77 152.90 155.51 -33 509.30 93.11 -9.44
J Kumar Infraproject 322.73 477.76 433.62 -32 1795.16 -39.92 -35.33
Action Construction Equipment 106.39 155.05 117.56 -31 534.99 5.68 2.36
Man Industries (India) 265.07 385.12 384.23 -31 372.03 -45.32 -22.76
Kalyani Steels 261.44 366.64 181.97 -29 840.32 72.34 7.66
Oberoi Realty 108.61 149.69 127.04 -27 10055.32 4.53 10.09
Marg 303.00 390.64 379.09 -22 44.87 -20.53 -20.42
Escorts 301.76 388.04 408.40 -22 2770.24 73.51 44.55
DLF 8419.48 10758.25 10596.00 -22 28702.98 40.40 46.81
Welspun Enterprises 68.45 87.42 84.37 -22 1019.88 12.05 2.09
Sunflag Iron & Steel Company 181.28 226.73 336.03 -20 492.90 64.76 13.49

TAKEAWAY Nonetheless, challenges remain as using the asset sale route


Amid a monetary logjam, higher interest cost affects to deleveraging has tendency to be tedious. In the recent
the margins and overall financials, especially when the times, aggressive approach adopted by the lender and
companies fail to generate enough profits. As of late, Indian bankers to recover debt from Indian corporate have
companies have been reducing their debt levels trying to resulted in the promptness and eagerness of Indian
improve their financial performance and credit profile. They corporates to reduce debt and this in turn has turned to
are taking actions to accomplish this. They are auctioning be a blessing in disguise as it’s a win-win situation for
off their assets in order to lower their debt which in return both the parties and certainly a good time for the shareholders/
will enhance their financial performance. investors as well. DS

26 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Databank Updated Information
Updated as on Aug 12, 2016

Key To
Subscribers can access the complete databank consisting of
Databank Updated Information
more than 3500 companies on our website www.DSIJ.in
NoShold: Indicates the Number of Share Holders of the company. (In Thousands)
 Face Value: Actual cost of the stock assigned by the security issuer and shown in the certificate. 
 Year: First two digits shows Year while last two digits show month of calender, eg. 1103 shows Market Cap: Current market price multiply no.of equity shares. 
March’2011 results. Price: Current Market Price. 
 CEqt.: Current paid up capital of the company. 52 Week H/L: High/Low range is taken for the market prices during the 52 week H/L.

 B.V: Book Value Per Share: Equity capital plus reserves to the number of equity shares. Enterprise Value : Current Market Cap Plus Debt Minus Cash and Bank Balances. 
 Sales: Sales figures includes Excise duty. Trail.P/E Ratio: Current market price to Trailing 12 months EPS. 
 NP: Net Profit : Profit after tax but before investment allowance reserves. Ticker: BSE Scrip Code 
 EPS: Earnings Per Share: Ratio of net profit less preference dividend to the number of equity U: Unaudited. 
shares (Annualised). Companies with an (“) following their equity capital have increased their capital after the

 Div (Rs.): Indicates the dividend per share. last financial year.
 D/E Ratio : A measure of a company’s financial leverage calculated by dividing its total  Companies with an (*) Before the name of the Company, indicates new addition/
Debt by stockholders’ equity. updation/correction made during the fortnight.
 RONW (%): Net Profit Divided by Total NetWorth.  CB: Cum-Bonus XB: Ex-Bonus.
 Latest Quarter: Indicates the recent quarterly filing of the company with the stock  EX: Ex-Rights wherever the price is indicated a Ex-bonus or Ex-rights, the
exchange. corresponding figures for equity. Reserves, Book value and EPS are adjusted
 YearToDate : Latest Results (qtr,half or Nine) of the company. as per the bonus or the Rights ratio.
 Sales Growth % : Indicates the % growth of sales on year-on-year basis. Notes: (A) The Profit figure reflects the performance of the current year. We have
made the necessary adjustments for the prior year’s entries in P/L .A/c to reflect the
 NP Growth % : Indicates the % growth of Net profit (NP) on year-on-yearbasis. true performance of the current year. Thus our figures may not be comparable with those
 Promoter Holding: Indicates the % of equity holding with the promoters of the company. published elsewhere unless they represent the same thing. (B) Source of information is
 Promoters pledged shares % :Indicates the % of shares Pledged by promoters. Company press releases and Annual Reports.
Institutional Holding: Indicates the % of equity holdings in the company held by Financial
Institutions, Banks,Insurance companies,MF’s and FIIs. Data powered by: Dion Global Solutions Ltd.,
Bangalore. Tel:080 - 40467500. For more details visit www.dionglobal.com

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)

Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP

1 AGRO - OTHERS
IND. COMPOSITE 117 263 833
Eco Friendly Food Pr 1 U1603 24.8 1 4 0.8 0.0 - 0.0 2.4 - - - - - - - - 20.37 0 0.00 0.9 448 18.10 50/16 448 -
Esteem Bio Organic F 1 U1603 24.9 2 4 1.2 0.0 - 0.0 3.0 - - - - - 56 - - 20.57 0 0.00 1.0 898 36.10 50/25 897 -
Kanak Krishi 10 U1603 12.4 10 2 0.1 0.1 - 0.0 0.6 - - - - - - - - 25.62 0 0.00 0.3 459 370.00 400/291 460 -
2 AIRLINES
IND. COMPOSITE 1074 42395 3570 11
InterGlobe Aviation 10 U1603 361.2 76 16140 1989.7 55.1 15.00 8.5 72.5 1606 4578.9 591.8 1606Q 4578.9 9 591.8 -8 85.94 0 7.46 63.4 28911 800.40 1396/702 30500 14.9
*Jet Airways 10 U1603 113.6 -285 21167 1173.6 103.3 - -2.3 - 1606 5112.0 103.1 1606Q 5112.0 -2 103.1 -53 50.99 0 37.24 106.1 6151 541.45 796/284 14334 5.8
Spicejet Ltd. 10 U1603 599.5 -20 5088 407.2 6.8 - -0.9 - 1603 1475.0 73.2 - - -19 - - 60.31 33 2.39 165.7 3540 59.05 95/21 4935 8.7
3 ALUMINIUM
IND. COMPOSITE 1495 41134 1338 32
*Hindalco Indus. 1 U1603 206.5* 183 34318 607.3 2.9 1.00 0.8 1.6 1606 7597.3 294.1 1606Q 7597.3 -11 294.1 174 40.04 0 43.23 364.7 30190 146.20 152/59 57856 38.0
National Alumini 5 U1603 1288.6 52 6816 731.0 2.8 2.00 0.0 5.4 1603 1874.4 207.9 - - -11 - - 80.93 0 12.14 84.0 12268 47.60 51/28 7640 16.8
4 AQUACULTURE
IND. COMPOSITE 48 2337 156 20
Avanti Feeds Lim 2 U1603 9.1 91 2018 155.3 34.2 7.00 0.2 37.4 1603 468.8 29.6 - - 11 - - 43.94 0 29.32 14.9 2724 599.80 690/333 2773 17.5
Waterbase Ltd. 10 U1603 38.6 26 319 0.7 0.2 - 0.1 0.7 1603 64.3 -1.3 - - 11 - - 57.39 0 1.63 26.7 423 109.50 177/61 405 -
5 AUTO - 2 & 3 WHEELERS
IND. COMPOSITE 400 65172 7394 22
Atul Auto Ltd 5 U1603 11.3* 54 531 47.4 20.9 5.25 0.0 39.1 1606 93.0 5.0 1606Q 93.0 -13 5.0 -29 52.69 0 15.15 19.6 937 413.75 581/371 910 20.7
Bajaj Auto Ltd. 10 1603 289.4 425 22688 3652.4 126.2 55.00 0.0 29.7 1606 6088.8 978.4 1606Q 6088.8 4 978.4 2 49.29 0 25.91 77.6 82975 2867.45 2917/2133 82278 22.1
Hero MotoCorp 2 U1603 39.9* 484 30701 3161.5 158.3 72.00 0.0 32.7 1606 8010.7 883.1 1606Q 8010.7 8 883.1 18 34.63 0 56.34 84.4 66164 3313.30 3554/2259 66005 20.1
Maha. Scooters 10 1603 11.4 273 9 101.0 88.4 30.00 0.0 32.4 1606 0.9 1.4 1606Q 0.9 -62 1.4 -31 50.99 0 12.23 9.8 1757 1537.50 1691/940 1751 17.5
TVS Motor Co. Ltd. 1 1603 47.5 41 11244 432.1 9.1 2.50 0.4 22.3 1606 2880.9 121.3 1606Q 2880.9 12 121.3 21 57.39 0 29.78 109.9 14172 298.30 341/201 14897 30.6
6 AUTO - ANCILLARIES
IND. COMPOSITE 1135 65894 3788 41
Amara Raja Batt. 1 1603 17.1 123 4691 489.4 28.7 4.25 0.0 23.3 1606 1469.0 130.7 1606Q 1469.0 28 130.7 7 52.06 1 28.73 43.0 15567 911.35 1132/773 15489 31.3
Amtek Auto Ltd. 2 U1603 45.0 197 1512 -660.8 -58.8 - 1.6 - 1603 651.0 -528.7 - - -27 - - 47.42 0 13.32 86.5 1024 45.55 153/26 9061 -
*Automotive Axles 10 1603 15.1 217 1086 34.8 23.0 5.50 0.1 10.6 1606 292.8 11.1 1606Q 292.8 25 11.1 42 71.03 0 15.29 10.0 935 618.75 817/510 964 24.6
Banco Products 2 U1603 14.3 69 493 82.1 11.5 4.60 0.0 16.7 1606 138.9 32.9 1606Q 138.9 22 32.9 38 67.88 0 4.49 17.0 1444 201.90 214/90 1421 15.8
Bosch Ltd. 10 U1603 31.4 2737 10613 1245.9 396.8 85.00 0.0 14.5 1606 2519.6 378.7 1606Q 2519.6 -2 378.7 10 71.17 0 19.34 51.3 76966 24512.30 2 5900/15753 75125 60.1
Castex Technologies 2 U1603 75.6 74 1018 -613.5 -32.5 - 1.4 - 1603 494.9 -466.8 - - -35 - - 46.85 50 1.18 36.7 449 11.87 112/5 5254 -
Exide Inds. 1 1603 85.0 52 6809 622.8 7.3 2.40 0.0 14.0 1606 2011.1 196.1 1606Q 2011.1 12 196.1 26 45.99 0 35.46 89.4 14684 172.75 184/116 14712 22.1
*Federal-Mogul Goetze 10 1603 55.6 88 1328 44.0 7.9 - 0.4 9.0 1606 340.8 16.7 1606Q 340.8 -1 16.7 71 74.98 0 13.83 17.4 2526 454.10 474/271 2674 49.6
FIEM Industries 10 U1603 12.0 238 987 57.2 47.8 8.00 0.4 20.1 1603 288.9 19.4 - - 18 - - 69.95 0 11.90 7.9 1183 989.25 1062/475 1266 20.7
Gabriel India 1 1603 14.4 26 1438 75.2 5.2 1.20 0.0 19.8 1606 370.4 19.4 1606Q 370.4 8 19.4 11 54.63 0 18.28 56.3 1510 105.15 111/75 1482 19.6
*Harita Seating Syst. 10 1603 7.8 89 308 25.3 32.6 6.00 0.0 36.8 1606 80.8 3.4 1606Q 80.8 8 3.4 5 66.35 0 8.69 6.2 406 522.65 676/190 406 15.9
Hind. Composites 10 U1603 4.9 1195 184 39.1 79.4 1.00 0.0 6.6 1603 68.4 18.9 - - 4 - - 74.97 0 0.01 11.9 635 1289.65 1480/750 637 16.2
India Nippon Ele 10 1603 11.3 208 340 25.3 22.4 9.00 0.0 10.6 1603 88.8 5.5 - - 5 - - 66.38 0 0.38 7.7 445 393.65 448/315 435 17.6

28 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*Jamna Auto Inds. 5 1603 39.8 31 1092 72.3 9.1 2.75 0.0 29.4 1606 293.7 27.3 1606Q 293.7 16 27.3 96 47.91 9 6.48 29.1 1626 204.15 206/90 1630 19.0
JBM Auto 5 U1603 20.4 51 567 24.6 6.0 1.75 1.3 11.9 1606 175.6 13.6 1606Q 175.6 16 13.6 136 61.97 0 3.04 11.3 581 142.30 216/101 805 17.9
JMT Auto Ltd. 2 U1603 50.4 7 336 4.9 0.2 - 0.9 2.9 1603 88.7 3.9 - - -28 - - 71.73 100 17.73 9.8 1408 55.90 135/36 1557 -
*LG Balakrishnan&Bros 10 1603 15.7 252 1090 57.5 36.6 6.00 0.3 14.5 1606 264.3 9.5 1606Q 264.3 7 9.5 6 47.32 0 14.64 17.4 717 456.70 525/397 822 12.4
*Lumax Auto Technolog 10 1603 13.6 100 562 19.6 14.3 4.70 0.1 14.3 1606 147.5 3.3 1606Q 147.5 8 3.3 -13 55.66 0 17.59 7.9 555 407.25 423/220 566 29.1
*Lumax Inds. 10 1603 9.3 210 1255 37.4 40.0 12.00 0.5 18.3 1606 303.5 9.7 1606Q 303.5 -5 9.7 -15 73.56 0 1.75 20.6 625 668.45 814/357 717 17.5
*Minda Corporation 2 U1603 41.9 17 705 46.5 2.2 0.50 0.2 12.9 1606 180.6 10.4 1606Q 180.6 13 10.4 11 65.23 0 19.21 5.7 2344 112.00 144/69 2388 49.4
*Minda Industries 10 1603 15.9 274 1469 79.4 50.0 7.00 0.2 18.2 1606 400.8 22.6 1606Q 400.8 17 22.6 66 70.88 0 4.59 7.9 1858 1170.90 1249/475 1940 21.0
MothersonSumiSystems 1 U1603 132.3* 16 5350 711.9 5.4 2.50 0.2 33.9 1606 1421.5 143.7 1606Q 1421.5 18 143.7 -10 65.60 9 23.62 112.9 42173 318.80 359/206 42440 60.5
*Munjal Auto Industr. 2 1603 10.0 44 885 20.1 4.0 1.40 0.2 9.2 1606 224.4 8.1 1606Q 224.4 3 8.1 78 74.80 0 0.12 19.6 418 83.65 114/62 469 17.7
*Munjal Showa Ltd 2 1603 8.0 113 1502 61.2 15.3 4.00 0.0 13.5 1606 385.5 14.6 1606Q 385.5 -1 14.6 -18 65.01 0 3.74 13.6 708 177.05 212/150 706 12.2
*Phoenix Lamps 10 U1603 28.0 63 218 1.4 0.5 - 0.2 0.8 1606 57.7 6.2 1606Q 57.7 16 6.2 88 61.92 0 1.77 24.0 397 141.55 147/88 430 92.0
Precision Camshafts 10 U1603 94.7 32 438 54.9 5.8 1.00 0.7 17.9 1603 106.0 9.5 - - - - - 63.91 0 16.62 54.1 1298 137.05 185/126 1366 -
Pricol Ltd. 1 1603 9.5 32 1127 43.2 4.6 - 0.1 14.4 1606 318.7 22.2 1606Q 318.7 38 22.2 1252 40.72 7 5.98 29.9 1047 110.40 124/29 1073 16.4
Rane (Madras) 10 1603 10.5 145 861 14.1 13.4 4.50 1.6 9.2 1606 227.6 2.7 1606Q 227.6 12 2.7 61 57.84 0 0.38 6.4 377 358.50 420/267 609 25.0
Rane Brake Lining Lt 10 1603 7.9 174 448 25.8 32.5 10.00 0.2 18.7 1606 121.5 10.5 1606Q 121.5 17 10.5 118 66.58 0 9.74 6.6 531 670.60 707/266 550 16.9
Rico Auto Inds. 1 U1603 13.5 35 908 27.1 2.0 0.60 0.3 5.8 1606 247.3 14.1 1606Q 247.3 14 14.1 174 50.10 0 3.72 48.8 737 54.45 58/28 877 20.5
Setco Automotive 2 U1603 26.7 15 505 33.4 2.5 0.80 1.2 14.3 1606 113.6 3.6 1606Q 113.6 10 3.6 -16 63.53 49 4.09 9.2 590 44.15 55/28 784 18.8
Shanthi Gears 1 1603 8.2 35 165 18.2 2.2 0.50 0.0 6.4 1606 46.4 4.9 1606Q 46.4 23 4.9 159 70.12 0 5.10 15.3 968 118.50 139/78 910 45.6
*Sharda Motor Ind 10 U1603 5.9 403 927 34.2 57.6 12.50 0.7 14.3 1606 244.1 12.6 1606Q 244.1 14 12.6 144 74.95 0 0.00 2.2 713 1198.75 1210/726 831 17.1
Shivam Autotech Ltd. 2 U1603 20.0* 18 424 19.2 1.9 0.40 0.9 10.6 1603 108.4 3.7 - - -6 - - 74.79 0 2.18 14.1 532 53.20XB 85/40 696 27.7
*Shriram Pistons 10 U1603 22.4 308 1393 92.7 41.5 - 0.4 13.2 1606 363.3 32.6 1606Q 363.3 9 32.6 88 - 0 0.00 - 5159 2306.15 2973/385 5348 47.8
Sona Koyo Steer. 1 1603 19.9 14 1077 25.0 1.3 0.50 0.8 9.1 1606 264.2 3.1 1606Q 264.2 2 3.1 77 52.33 0 1.48 53.3 1244 62.60 69/37 1447 47.2
Steel Strips Wheels 10 U1603 15.5* 296 1182 61.2 39.4 3.00 1.4 13.3 1606 325.4 18.6 1606Q 325.4 11 18.6 53 59.01 5 0.54 12.1 780 502.70 551/284 1240 11.5
*Subros Ltd. 2 1603 12.0 56 1307 24.0 4.0 0.80 0.9 7.2 1606 324.4 -0.8 1606Q 324.4 10 -0.8 -119 40.00 0 3.49 60.4 568 94.75 118/66 859 29.5
*Sundaram Clayton 5 1603 10.1 213 1415 139.6 69.0 41.00 0.6 32.4 1606 346.5 11.4 1606Q 346.5 0 11.4 -66 74.99 0 15.31 15.5 4933 2438.00 2598/1755 5210 42.1
Sundaram Fasten. 1 1603 21.0 48 2607 211.2 10.0 2.15 0.5 20.8 1606 713.0 75.5 1606Q 713.0 13 75.5 79 49.53 0 21.49 39.6 4936 234.90 245/135 5478 20.2
Suprajit Enginee 1 U1603 13.1 21 588 50.0 3.8 1.05 0.6 17.8 1603 157.2 10.1 - - 11 - - 47.36 0 15.53 11.2 2520 191.90 217/122 2658 50.4
The Hi-Tech Gears 10 U1603 18.8 92 450 21.2 11.3 3.00 0.2 10.4 1606 122.7 6.5 1606Q 122.7 6 6.5 -2 55.29 0 0.11 4.8 561 299.05 334/220 589 26.7
WABCO India 5 1603 9.5 556 1838 204.6 107.9 6.00 0.0 19.4 1606 536.7 73.9 1606Q 536.7 39 73.9 56 74.99 0 10.54 25.8 11766 6203.30 7449/5172 11553 50.9
Wheels India Ltd. 10 1603 12.0 339 2016 40.0 33.2 9.00 0.8 9.8 1606 534.0 14.6 1606Q 534.0 9 14.6 88 74.99 0 7.39 7.3 1474 1225.30 1417/771 1805 31.5
*ZF Steering Gear 10 U1603 9.1 323 383 45.1 49.7 12.50 0.1 15.4 1606 111.1 13.5 1606Q 111.1 32 13.5 51 73.65 0 1.09 10.4 1409 1553.30 1760/1045 1427 28.4
7 AUTO - CARS & JEEPS
IND. COMPOSITE 462 98631 7739 31
*Mahi. & Mahi 5 1603 310.5 350 40885 3167.5 51.0 12.00 0.1 14.6 1606 11942.9 955.2 1606Q 11942.9 14 955.2 12 25.41 5 55.58 166.7 90111 1450.85 1509/1092 89658 27.4
Maruti Suzuki India 5 U1603 151.0 936 57746 4571.4 151.3 35.00 0.0 16.2 1606 14927.3 1486.2 1606Q 14927.3 12 1486.2 23 56.20 0 37.16 155.5 147918 4896.65 5038/3202 1 48080 3 0.4
8 AUTO - LCVS/HCVS
IND. COMPOSITE 1019 71604 2416 110
Ashok Leyland 1 1603 284.6 16 18822 721.8 2.5 0.95 0.4 13.1 1606 4258.8 290.8 1606Q 4258.8 11 290.8 83 44.29 7 22.01 408.0 24745 86.95 113/78 25161 29.0
Eicher Motors 10 1603 27.2* 791 6188 1229.8 361.7 1 00.00 0.0 57.2 1606 1557.5 337.1 1606Q 1557.5 42 337.1 70 50.66 0 36.20 70.2 60552 22263.30 2 2945/14818 60530 50.1
*Force Motors 10 U1603 13.2 1136 3060 179.4 136.2 10.00 0.0 12.0 1606 854.1 51.5 1606Q 854.1 33 51.5 44 60.11 0 5.45 44.8 4176 3169.05 3785/1911 3883 21.4
SML Isuzu Ltd. 10 1603 14.5 235 1164 51.2 35.4 8.00 0.2 15.0 1606 463.2 41.1 1606Q 463.2 21 41.1 42 43.96 0 7.33 29.2 1897 1310.85 1455/646 1916 30.0
*Tata Motors Ltd. 2 1603 679.1* 66 42370 234.2 0.7 0.50 0.6 1.0 1603 12569.8 465.0 - - 17 - - 33.00 6 41.73 467.6 174962 515.25 522/266 1 88550 -
9 AUTO - TRACTORS
IND. COMPOSITE 1335 4164 139 32
*Escorts Ltd. 10 U1603 122.6 151 3472 89.4 7.3 1.20 0.2 4.7 1606 1051.4 47.0 1606Q 1051.4 8 47.0 29 43.00 0 11.95 90.6 3670 299.40 312/113 3842 36.7
*HMT Ltd. 10 U1603 1204.1 3 45 -24.7 -0.2 - 2.0 - 1606 7.5 -32.6 1606Q 7.5 -29 -32.6 -29 93.68 0 0.00 22.0 4678 38.85 60/34 4753 -
*VST Tillers Tr 10 1603 8.6 486 647 74.1 85.8 15.00 0.0 17.6 1606 178.1 20.0 1606Q 178.1 7 20.0 -4 53.98 0 18.06 10.7 1575 1823.50 2035/1274 1548 21.5
10 BEARINGS
IND. COMPOSITE 157 6443 593 31
Fag Bearings Ind 10 1512 16.6 775 1724 197.5 118.8 10.00 0.0 15.3 1606 452.6 45.3 1606H 870.1 3 87.7 -3 51.32 0 32.06 10.2 6690 4025.65 4750/3707 6219 34.4
*NRB Bearings Lim 2 1603 19.4 31 659 46.0 4.7 1.40 0.7 15.3 1606 174.6 14.1 1606Q 174.6 9 14.1 34 55.10 5 33.96 9.7 1110 114.50 162/104 1304 22.4
SKF India 10 1603 52.7 298 2998 257.1 39.0 15.00 0.0 16.4 1606 703.2 60.4 1606Q 703.2 15 60.4 30 53.58 0 32.45 24.3 7359 1395.45 1433/1040 6661 33.5
Timken India Ltd 10 1603 68.0 77 1062 91.9 13.5 1.00 0.0 17.6 1603 275.8 27.5 - - 14 - - 75.02 0 11.08 54.1 3755 552.15 632/401 3726 40.8
11 BEVERAGES
IND. COMPOSITE 291 16854 1475 38
G M Breweries Ltd. 10 1603 14.6* 124 360 58.3 39.9 2.50 0.0 32.2 1606 89.0 12.6 1606Q 89.0 10 12.6 -21 74.43 0 2.16 12.0 667 456.15XB 928/234 633 12.1
*Manpasand Beverage 10 1603 50.1 120 557 50.6 10.1 1.00 0.0 8.4 1606 236.9 28.6 1606Q 236.9 53 28.6 82 50.42 0 46.04 3.6 3405 680.25 743/369 3312 53.6
Radico Khaitan Ltd. 2 1603 26.6 67 1543 76.9 5.8 0.80 0.8 8.5 1603 377.6 14.8 - - 2 - - 40.46 10 39.33 34.6 1213 91.20 131/81 1909 15.8
Som Distilleries 10 U1603 27.5 48 221 13.4 4.9 1.50 0.5 10.2 1603 58.4 1.0 - - 6 - - 22.94 0 0.00 6.5 432 157.05 213/151 453 28.7
United Breweries Ltd 1 U1603 26.4 81 5081 294.6 11.1 1.15 0.4 13.7 1603 1291.1 51.4 - - 7 - - 73.88 20 20.30 34.9 20863 789.05 1014/690 21551 70.8
United Spirits 10 1603 145.3 193 9092 981.2 67.5 - 1.3 35.0 1606 2040.5 43.8 1606Q 2040.5 9 43.8 277 58.47 3 28.91 91.9 32994 2270.35 3645/2120 36656 32.4
12 CABLES - POWER/OTHERS
IND. COMPOSITE 15 2326 62 19
KEI Industries 2 U1603 15.4 47 2326 62.2 8.1 0.50 1.2 17.0 1606 560.7 16.9 1606Q 560.7 8 16.9 45 49.39 0 22.72 24.4 862 111.65 129/86 1233 12.8
13 CABLES - TELEPHONE
IND. COMPOSITE 232 7386 564 21
Finolex Cables 2 U1603 30.6 99 2461 248.8 16.3 2.50 0.0 16.4 1606 596.6 67.2 1606Q 596.6 1 67.2 40 35.85 0 24.34 37.6 6322 413.35 415/201 6235 23.6
*Shilpi Cable Technol 10 U1603 110.6 31 1906 56.3 5.1 - 0.7 16.7 1606 532.5 17.4 1606Q 532.5 25 17.4 26 41.19 74 12.39 8.7 2049 185.20 189/41 2189 34.2
Sterlite Technologie 2 1603 79.1 21 2036 181.1 4.6 1.00 0.8 22.2 1606 520.5 33.4 1606Q 520.5 -47 33.4 65 54.74 0 15.80 121.5 3438 86.95 109/66 4067 22.0
Vindhya Telelink 10 1603 11.9 310 984 77.3 65.3 6.00 0.8 21.0 1606 213.1 15.1 1606Q 213.1 4 15.1 -25 43.59 0 13.17 8.1 665 560.75 975/550 933 9.2
14 CARBON BLACK
IND. COMPOSITE 45 2169 76 18
Oriental Carbon 10 1603 10.3 278 275 53.0 51.5 8.50 0.2 18.5 1606 75.5 14.6 1606Q 75.5 5 14.6 2 51.04 0 13.68 14.1 681 660.95 685/385 720 12.8
Phillips Carbon 10 1603 34.5 152 1895 22.9 6.6 2.50 1.7 4.4 1603 456.0 6.8 - - -23 - - 53.56 0 6.95 31.2 682 197.90 219/80 1540 29.8

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 29


Databank Updated Information Updated as on Aug 12, 2016

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
15 CASTINGS AND FORGINGS
IND. COMPOSITE 1329 14770 1035 26
*AIA Engineering 2 1603 18.9 214 1850 587.7 62.3 18.00 0.1 29.1 1606 459.7 79.4 1606Q 459.7 1 79.4 -7 61.65 0 32.64 19.2 11005 1166.75 1182/700 11106 18.9
*Bharat Forge 2 1603 46.6* 156 4305 701.1 30.1 7.50 0.4 19.3 1606 957.0 122.1 1606Q 957.0 -19 122.1 -38 46.74 0 33.01 113.1 19182 823.80 1293/687 20269 30.6
Electrosteel Cas 1 U1603 35.7 72 1972 59.0 1.7 0.50 0.8 2.3 1603 547.7 24.0 - - -11 - - 53.01 17 9.46 61.6 773 21.65 27/16 2657 13.1
Hinduja Foundries Lt 10 1603 207.1* -15 845 -394.3 -12.7 - -2.3 - 1606 166.4 -36.6 1606Q 166.4 10 -36.6 63 53.25 0 14.31 8.7 1106 53.40 65/27 1503 -
Jayaswal Neco Indust 10 U1603 638.6 33 2633 -86.5 -1.4 - 1.7 - 1603 639.7 -89.7 - - -10 - - 68.78 12 2.17 40.3 496 7.77 11/7 4239 -
M M Forgings Ltd. 10 U1603 12.1 239 502 50.1 41.5 3.00 0.7 17.4 1606 119.0 10.4 1606Q 119.0 -4 10.4 -19 56.40 0 17.09 8.5 508 421.15 679/336 594 10.7
Mahindra CIE Auto 10 1512 323.6* 73 1204 30.9 1.3 - 0.0 1.3 1606 404.5 11.3 1606H 808.7 95 26.6 -17 74.73 0 13.73 55.0 5791 178.95 298/157 5776 1 40.6
*Nelcast Ltd. 2 1603 17.4 35 561 31.9 3.7 0.80 0.3 10.4 1606 158.8 7.8 1606Q 158.8 12 7.8 9 74.42 0 2.04 13.8 529 60.80 77/43 556 16.3
Ramkrishna Forgings 10 U1603 28.7 161 897 54.9 19.1 2.00 1.7 11.9 1603 226.0 11.1 - - 34 - - 50.40 0 22.25 8.9 1203 419.65 728/265 1892 21.9
16 CEMENT
IND. COMPOSITE 2478 84055 5607 50
ACC 10 1512 187.8* 450 11797 591.6 31.5 17.00 0.0 7.0 1606 2917.2 237.8 1606H 5907.8 -3 470.0 26 50.29 0 33.22 105.6 31031 1652.45 1738/1173 30975 45.0
Ambuja Cements Ltd. 2 1512 310.4 66 9461 807.6 5.2 2.80 0.0 7.8 1606 2560.7 399.5 1606H 5005.4 1 703.3 29 50.28 0 39.23 166.8 40939 263.80 278/185 38113 42.3
Anjani Portland 10 U1603 25.3* 60 306 18.8 7.4 - 2.5 12.3 1603 73.1 -1.0 - - 31 - - 74.99 0 0.16 8.2 422 166.75 197/102 610 22.5
*Birla Corporation Lt 10 1603 77.0 352 3275 157.4 20.4 6.00 0.3 5.8 1606 900.7 94.3 1606Q 900.7 14 94.3 467 62.89 0 19.93 21.9 4883 634.05 654/322 5458 20.8
Deccan Cements 10 U1603 7.0 415 579 45.6 65.1 5.00 0.6 15.7 1606 132.0 11.4 1606Q 132.0 -17 11.4 -18 56.18 0 8.26 5.7 625 892.00 1109/405 758 14.5
Heidelberg Cement In 10 U1603 226.6 40 1655 38.6 1.7 - 1.1 4.2 1606 470.5 26.3 1606Q 470.5 7 26.3 684 69.38 0 17.38 47.3 2883 127.20 135/60 3661 46.8
*India Cements Lt 10 1603 307.2 110 4227 137.8 4.5 1.00 0.7 3.8 1603 1154.1 51.2 - - -9 - - 28.62 76 41.80 99.7 3726 121.30 129/64 6128 27.0
JK Cement 10 1603 69.9 245 3560 101.5 14.5 4.00 1.5 5.9 1606 897.8 60.9 1606Q 897.8 10 60.9 37909 67.02 0 25.05 81.9 5258 751.90 847/425 7286 32.4
JK Lakshmi Cement L 5 1603 58.8 113 2620 6.3 0.5 0.25 1.3 0.5 1606 777.2 28.7 1606Q 777.2 32 28.7 222 45.94 0 32.36 77.1 5023 426.90 459/253 6706 85.9
*KCP Ltd. 1 1603 12.9 30 750 42.9 3.3 1.00 0.8 11.1 1606 182.4 3.2 1606Q 182.4 -12 3.2 -91 47.33 7 7.86 18.2 1169 90.70 108/59 1451 -
Mangalam Cement 10 U1603 26.7 184 842 -20.5 -7.7 0.50 0.7 - 1606 225.2 22.6 1606Q 225.2 6 22.6 220 13.27 0 14.96 26.8 841 314.90 330/151 1157 -
NCL Industries 10 U1603 36.7 55 663 53.1 14.5 2.00 1.0 26.1 1606 167.5 9.1 1606Q 167.5 6 9.1 -55 49.05 83 0.08 39.9 418 113.85 184/77 568 9.9
OCL India Limi 2 U1603 11.4 252 2665 236.3 41.5 4.00 1.0 16.5 1603 834.8 133.5 - - 17 - - 74.88 68 2.43 9.5 4196 737.45 801/390 5329 17.8
Orient Cement Ltd. 1 1603 20.5 50 1509 62.2 3.0 1.00 1.3 6.1 1606 437.1 -7.6 1606Q 437.1 25 -7.6 -127 37.50 8 38.79 18.4 3312 161.65 185/129 4564 1 23.7
Prism Cement Lim 10 1603 503.4 20 5550 8.4 0.2 - 1.7 0.8 1606 1409.6 15.7 1606Q 1409.6 3 15.7 295 74.87 0 16.01 89.4 5215 103.60 117/56 6747 -
Rain Industries 2 1512 67.3 9 86 26.1 0.8 1.00 0.9 8.4 1603 4.0 2.6 1603Q 4.0 26 2.6 5050 41.09 18 29.84 41.9 1297 38.55 50/26 1549 -
Sagar Cements 10 U1603 17.4 328 622 49.8 28.6 5.00 0.4 8.7 1606 136.4 4.6 1606Q 136.4 -30 4.6 -80 56.93 0 7.88 9.2 1032 593.25 719/305 1020 32.6
Saurashtra Cemen 10 1603 60.2* 44 530 43.8 7.3 1.00 0.1 16.4 1606 143.3 22.0 1606Q 143.3 11 22.0 138 64.63 99 2.50 11.3 478 79.40 84/38 433 8.5
*Shree Cement 10 1603 34.8 1774 5568 454.9 174.1 24.00 0.1 7.4 1606 2494.2 507.7 1606Q 2494.2 45 507.7 388 64.78 0 29.24 16.6 59051 16950.45 17650/9350 59484 61.3
*The Ramco Cements 1 1603 24.0* 129 3596 558.3 23.3 3.00 0.6 18.1 1606 972.1 155.9 1606Q 972.1 3 155.9 57 42.29 5 40.78 21.7 12899 537.50 595/300 14568 20.9
*Udaipur Cement Works 4 U1603 118.1 1 88 12.0 0.4 - 4.0 29.6 1606 18.9 0.6 1606Q 18.9 -16 0.6 141 74.99 0 0.70 22.6 475 16.10 17/9 522 -
UltraTech Cement 10 1603 274.4* 756 24107 2174.7 79.2 9.50 0.2 10.5 1606 6232.5 774.9 1606Q 6232.5 2 774.9 31 62.34 0 26.84 293.9 101904 3713.20 3838/2581 1 04499 4 3.2
17 CEMENT - PRODUCTS/BUIL D ING MA TERIALS
IND. COMPOSITE 256 4828 139 32
*Everest Industries L 10 1603 15.4 226 1313 35.3 22.9 5.00 0.7 10.2 1606 353.5 11.8 1606Q 353.5 -13 11.8 -49 48.86 0 15.97 12.1 384 249.35 378/193 562 15.9
HIL 10 1603 7.5 611 1096 39.7 53.1 17.50 0.3 8.6 1606 386.6 31.5 1606Q 386.6 -4 31.5 -20 40.99 0 6.81 16.1 436 584.55 807/422 579 13.7
Indian Hume Pipe 2 1603 4.8 127 939 29.1 12.0 3.20 1.0 9.5 1606 447.6 26.0 1606Q 447.6 111 26.0 311 69.92 0 5.02 11.7 1276 526.65 582/273 1576 26.2
Ramco Industries 1 1603 8.7 58 702 33.7 3.9 0.50 0.6 6.7 1606 233.9 30.3 1606Q 233.9 -2 30.3 327 53.92 12 6.00 11.9 1181 136.30 146/79 1482 20.8
*Sanghi Industrie 10 1603 220.0 41 777 1.5 0.1 - 0.6 0.2 1606 270.7 23.8 1606Q 270.7 3 23.8 9401 74.98 67 6.20 15.4 1581 71.85 79/44 2039 62.5
18 CERAMICS/TILES/SANI TAR YWARE
IND. COMPOSITE 75 7928 514 36
Asian Granito India 10 U1603 30.1* 106 872 17.6 5.8 - 0.6 5.5 1606 193.1 4.9 1606Q 193.1 -0 4.9 46 37.51 0 0.09 7.3 654 217.25 236/83 805 34.2
Cera Sanitaryware L 5 1603 6.5 324 934 83.5 64.2 9.00 0.1 19.8 1606 223.9 21.4 1606Q 223.9 15 21.4 37 54.74 0 20.31 15.6 3096 2380.20 2525/1475 3062 34.7
*HSIL Ltd. 2 U1603 14.5 215 1944 116.7 16.1 4.00 0.4 7.5 1606 498.6 26.5 1606Q 498.6 21 26.5 53 47.11 0 33.50 28.0 2463 340.65 349/224 2984 19.6
Kajaria Ceramics 2 U1603 15.9 120 2448 234.9 29.6 5.00 0.1 24.5 1606 640.5 65.4 1606Q 640.5 13 65.4 41 47.17 0 31.97 19.8 9968 1254.35 1280/607 10042 39.3
*Somany Ceramics Ltd. 2 1603 8.5 99 1731 61.1 14.4 2.30 0.4 14.5 1606 413.9 17.9 1606Q 413.9 5 17.9 71 51.53 0 16.39 7.1 2511 592.40 648/304 2658 36.7
19 CHEMICALS
IND. COMPOSITE 527 21953 1750 31
*Aarti Ind. Ltd 5 U1603 41.7 139 2717 252.4 30.3 8.50 1.2 21.8 1606 682.9 82.5 1606Q 682.9 -0 82.5 35 54.80 0 15.46 19.8 4876 585.25 600/388 5916 17.8
Adi Finechem 10 U1603 13.8 49 152 10.6 7.7 2.50 0.5 15.7 1606 45.4 4.1 1606Q 45.4 19 4.1 572 62.76 0 8.01 4.6 505 366.45 410/170 532 35.8
Alkyl Amines Che 5 1603 10.2 98 484 49.9 24.4 10.00 0.5 25.0 1606 108.7 11.0 1606Q 108.7 -15 11.0 -9 74.19 0 0.81 7.9 637 312.25 394/255 731 13.0
*Balaji Amines Li 2 1603 6.5 90 635 61.3 18.9 2.00 0.5 21.0 1606 165.7 26.3 1606Q 165.7 4 26.3 105 54.42 0 1.43 6.7 955 294.65 311/108 1080 12.8
*BASF India Lt 10 1603 43.3 268 4752 4.5 1.0 1.00 1.2 0.4 1606 1512.6 9.8 1606Q 1512.6 12 9.8 -89 73.33 0 8.64 44.4 4708 1087.65 1347/700 6054 -
*Camlin Fine Sciences 1 U1603 10.3* 12 412 25.8 2.5 0.45 1.3 20.7 1606 102.1 6.5 1606Q 102.1 3 6.5 18 39.84 0 5.13 28.3 905 87.75 121/76 1018 33.9
*Deepak Nitrite 2 1603 23.3 41 1336 65.1 5.6 1.20 0.8 13.7 1606 313.7 67.9 1606Q 313.7 -7 67.9 408 51.95 0 14.00 14.7 1170 100.65 109/55 1560 9.8
*Elantas Beck India L 10 1512 7.9 217 344 41.8 52.7 5.00 0.0 24.3 1606 97.7 14.1 1606H 188.8 9 27.5 30 74.99 0 6.63 8.5 1276 1609.75 1850/1135 1264 26.6
Foseco India Lim 10 1512 6.4 171 292 31.7 49.7 26.50 0.0 29.1 1606 87.4 9.9 1606H 166.2 18 18.3 19 74.98 0 0.10 7.5 899 1407.60 1574/1070 885 25.9
Grauer & Weil 1 1603 22.7 11 423 39.0 1.7 0.28 0.1 15.5 1606 95.6 12.6 1606Q 95.6 6 12.6 76 68.98 0 0.00 18.4 686 30.25 38/16 698 15.4
Guj. Fluorochemi 1 U1603 11.0 269 1338 104.2 9.5 3.50 0.2 3.5 1603 354.3 30.1 - - 1 - - 68.33 0 7.95 12.9 6662 606.45 780/401 6972 64.0
I G Petrochemicals L 10 1603 30.8 95 953 60.4 19.6 2.00 0.3 20.7 1606 255.5 30.1 1606Q 255.5 -10 30.1 3 72.21 0 0.08 28.5 475 154.15 169/72 550 7.8
*IOL Chemicals and Ph 10 U1603 56.2 30 582 -40.0 -7.1 - 2.0 - 1606 162.3 0.7 1606Q 162.3 18 0.7 104 39.91 0 0.11 9.9 762 135.55 154/54 1147 -
Jayant Agro Org 5 U1603 7.5 139 562 21.6 14.4 3.75 0.7 10.4 1606 165.3 10.1 1606Q 165.3 21 10.1 211 65.71 0 0.10 5.3 450 299.95 345/94 570 15.8
*Kesar Petroprod. 1 U1603 9.7 3 144 12.1 1.3 - 0.5 21.5 1606 41.1 5.5 1606Q 41.1 -10 5.5 159 36.20 0 0.00 26.0 493 50.95 67/20 496 31.8
National Peroxid 10 1603 5.7 383 234 18.0 31.3 10.00 0.0 8.2 1606 63.5 12.1 1606Q 63.5 13 12.1 348 70.51 3 0.01 7.6 450 783.00 806/470 460 16.5
Navin Fluorine Inter 10 1603 9.8* 646 636 86.5 88.2 21.00 0.0 13.6 1606 164.4 28.6 1606Q 164.4 9 28.6 58 38.70 16 27.74 92.2 2308 2354.90 2521/1001 2323 23.8
*Pidilite Inds. 1 1603 51.3 55 4735 703.0 13.7 4.15 0.0 25.1 1606 1489.3 272.4 1606Q 1489.3 7 272.4 20 69.59 0 19.98 68.1 36426 710.50 770/508 36355 48.2
*Ram Minerals & Chemi 1 U1603 4.1 6 32 0.1 0.0 - 0.0 0.4 1606 5.2 0.0 1606Q 5.2 3 0.0 -17 21.80 0 1.33 0.8 385 93.60 274/94 384 -
S H Kelkar & Company 10 1603 144.6 38 561 70.8 4.9 1.50 0.0 12.9 1606 158.1 22.8 1606Q 158.1 15 22.8 43 56.71 0 16.30 21.0 3766 260.40 276/200 3720 48.5
*Vinati Organics 2 1603 10.3 105 631 131.6 25.5 4.00 0.0 24.3 1606 167.1 35.7 1606Q 167.1 2 35.7 15 72.61 0 8.14 19.0 2771 537.15 565/361 2715 20.3
20 CHEMICALS - CHLRO A LKALI
IND. COMPOSITE 428 15175 1073 15
GHCL 10 1603 100.0 99 2559 256.6 25.7 3.50 1.2 26.0 1606 730.8 102.8 1606Q 730.8 25 102.8 68 18.46 0 23.28 55.5 2351 235.10 246/95 3477 7.9
Guj. Alkalie & C 10 U1603 73.4 321 1966 221.7 30.2 4.50 0.0 9.4 1606 523.4 86.3 1606Q 523.4 10 86.3 96 46.27 0 7.27 49.4 2066 281.35 298/130 1974 7.8

30 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Tata Chemicals 10 1603 254.8 251 10650 594.6 23.3 10.00 0.4 9.3 1606 1953.2 203.0 1606Q 1953.2 -16 203.0 39 30.94 5 47.37 183.8 12580 493.80 517/310 14697 19.3
21 COMPRESSORS
IND. COMPOSITE 60 2037 122 41
Elgi Equipments 1 1603 15.8 34 869 23.8 1.5 1.00 0.1 4.4 1606 207.3 19.9 1606Q 207.3 11 19.9 64 31.90 0 27.52 18.4 2662 168.00 189/119 2688 84.4
Ingersoll Rand 10 1603 31.6 316 659 62.2 19.7 6.00 0.0 6.2 1606 151.8 15.8 1606Q 151.8 6 15.8 105 73.99 0 8.63 23.7 2316 733.55 991/583 1839 32.9
Kirloskar Pneumatic 10 1603 12.8 250 509 36.4 28.3 7.00 0.0 11.3 1606 120.2 9.5 1606Q 120.2 22 9.5 210 67.88 0 18.34 17.4 1088 847.15 950/434 1065 25.4
22 COMPUTER - HARDAWARE
IND. COMPOSITE 125 15144 -21 24
*HCL Infosystem 2 U1603 44.6 55 2505 -210.3 -12.6 - 0.5 - 1606 761.1 -11.6 1606Q 761.1 -35 -11.6 3 58.03 0 3.73 88.3 874 39.20 67/30 1547 -
Redington (India) Lt 2 1603 80.0 36 12639 188.9 4.7 2.10 0.3 13.1 1606 3698.7 42.6 1606Q 3698.7 29 42.6 2 8.19 0 63.70 21.6 4254 106.40 132/95 4682 22.4
23 COMPUTER - SOFTWARE
IND. COMPOSITE 6376 261713 60420 20
3i Infotech 10 U1603 641.4* -5 330 -1063.7 -16.6 - -6.3 - 1606 81.3 15.5 1606Q 81.3 -1 15.5 115 4.76 0 33.37 161.5 386 6.02 6/3 2510 -
8K Miles Software 10 U1603 11.4 32 21 1.2 1.1 - 0.0 3.3 1606 7.1 0.4 1606Q 7.1 78 0.4 53 63.41 0 2.83 7.1 2266 1980.30 2550/833 2261 1688.2
Accelya Kale Solut 10 U1606 14.9 117 310 80.7 54.1 45.00 0.0 46.0 1606 79.6 20.6 - - 13 - - 74.65 0 7.56 15.2 1841 1233.60 1260/787 1836 22.8
Allsec Technologies 10 1603 15.2 81 108 9.5 6.2 - 0.0 7.6 1606 26.4 4.1 1606Q 26.4 3 4.1 401 40.35 0 34.16 5.8 429 281.55 321/41 423 33.7
Aptech Ltd. 10 U1603 39.9 55 91 10.2 2.6 1.00 0.0 4.6 1606 16.7 -0.8 1606Q 16.7 -12 -0.8 -145 45.27 0 2.99 85.9 379 94.90 98/49 342 49.1
*AXISCADES Engineer 5 U1603 13.6 42 237 26.3 9.7 - 0.3 23.0 1606 64.2 5.3 1606Q 64.2 23 5.3 -3 59.12 0 2.69 14.2 536 197.10 370/186 551 20.5
*Cigniti Technologies 10 U1603 26.0* 102 205 32.0 12.3 - 0.0 12.1 1606 53.6 4.0 1606Q 53.6 36 4.0 -42 51.37 3 0.11 3.6 1173 451.60 517/305 1160 40.4
Cyient Ltd. 5 U1603 56.3 161 1246 233.4 20.7 7.00 0.0 12.9 1606 305.0 41.4 1606Q 305.0 -11 41.4 -41 22.18 0 64.48 18.7 5601 497.75 641/371 5159 27.3
*Datamatics Global Se 5 U1603 29.5 76 282 32.4 5.5 0.75 0.1 7.2 1606 70.6 5.2 1606Q 70.6 52 5.2 -21 72.70 8 0.04 16.2 445 75.55 80/41 487 14.4
eClerx Services 10 1603 40.8* 233 1106 297.6 72.9 1.00 0.0 31.2 1603 298.8 98.8 - - 34 - - 50.37 0 41.22 16.9 6192 1516.35XB 1640/1170 5958 20.8
Firstsource Solution 10 1603 675.1* 26 875 149.7 2.2 - 0.1 8.4 1606 221.9 38.7 1606Q 221.9 5 38.7 21 55.41 0 15.74 134.7 3028 44.85 54/25 3166 19.4
*Geometric Ltd. 2 1603 13.1* 72 423 97.7 14.9 3.00 0.0 20.9 1606 96.1 13.4 1606Q 96.1 -0 13.4 120 37.58 0 15.71 21.9 1548 236.75 250/109 1561 14.7
Gracious Software 10 U1603 12.5 10 1 0.0 0.0 - 0.1 0.3 - - - - - 442 - - 25.28 0 0.00 0.2 461 369.00 384/331 462 -
*HCL Technologies 2 U1603 282.2* 171 13435 4720.5 44.6 - 0.0 19.6 1606 4608.8 1799.3 1606Q 4608.8 3 1799.3 25 60.36 0 32.24 172.9 114610 812.35 997/707 1 05807 1 7.6
Hexaware Technologie 2 U1512 60.4* 45 1294 333.0 11.0 8.65 0.0 24.3 1606 334.5 84.6 1606H 652.7 6 155.7 -1 71.28 0 17.80 92.6 6491 215.05 285/203 6380 19.6
Hinduja Global Solut 10 U1603 20.7* 449 1383 118.3 57.0 15.00 0.1 12.7 1606 378.9 27.0 1606Q 378.9 31 27.0 46 67.68 0 16.14 12.2 1030 496.85 549/365 1097 8.1
Hinduja Ventures 10 U1603 20.6 446 332 100.6 48.9 17.50 0.0 11.0 1606 60.9 24.2 1606Q 60.9 129 24.2 1 70.82 0 4.56 9.9 881 428.55 470/357 880 8.7
Infinite Computer So 10 U1603 40.1* 136 429 94.8 23.6 - 0.0 17.4 1603 91.9 24.1 - - 3 - - 74.86 0 3.90 28.1 764 190.45 268/141 607 8.1
Infosys 5 1603 1148.5* 249 53983 15786.0 68.7 24.25 0.0 27.6 1606 14420.0 3180.0 1606Q 14420.0 13 3180.0 10 12.76 0 57.66 606.3 244234 1063.30 1278/1012 2 15058 1 5.2
Intellect Design 5 1603 50.5* 55 546 32.7 3.2 - 0.0 5.8 1606 130.2 3.7 1606Q 130.2 8 3.7 188 32.46 0 18.92 57.7 1894 187.45 303/149 1900 46.6
Intrasoft Technologi 10 U1603 14.7 80 30 39.7 27.0 2.00 0.0 33.8 1606 3.1 0.4 1606Q 3.1 -68 0.4 -87 47.51 0 16.24 7.3 642 435.70 575/250 642 17.1
Kellton Tech Solutio 5 U1603 23.5 11 49 6.7 1.9 - 0.2 12.5 1606 17.8 2.4 1606Q 17.8 50 2.4 30 62.09 4 0.03 10.3 633 134.65 237/56 640 69.6
*KPIT Technologies 2 1603 39.5 60 1262 201.9 10.2 2.20 0.2 17.0 1606 328.7 58.2 1606Q 328.7 6 58.2 4 16.71 16 54.18 51.1 2524 127.80 197/98 2493 12.4
L&T Infotech 1 1603 17.0 110 5570 938.1 55.2 32.65 0.0 50.3 1606 1509.9 228.6 1606Q 1509.9 14 228.6 27 84.63 0 5.14 309.5 11625 684.55 716/666 11557 -
Lycos Internet 2 U1603 95.3 13 458 0.3 0.0 0.10 0.3 0.1 1603 114.9 0.2 - - -7 - - 39.10 23 20.27 21.0 468 9.82 37/8 627 -
*Majesco L 5 U1603 11.6 107 12 6.2 2.7 - 0.0 2.5 1606 3.8 0.9 1606Q 3.8 40 0.9 -18 49.63 0 15.34 23.8 1129 486.85 789/289 1071
1 87.8
MindTree Ltd. 10 1603 167.8* 144 4357 604.9 36.0 16.00 0.0 25.0 1606 1203.1 143.4 1606Q 1203.1 25 143.4 5 13.75 0 48.06 67.8 9713 578.75XB 804/549 9563 15.9
MphasiS Ltd. 10 U1603 210.2* 214 2927 458.4 21.8 - 0.0 10.2 1606 713.4 128.3 1606Q 713.4 -3 128.3 12 60.47 0 30.96 27.7 11280 536.65 622/382 10352 23.9
NIIT Ltd. 2 1603 33.1* 49 381 0.1 0.0 - 0.2 0.0 1606 85.2 -13.1 1606Q 85.2 11 -13.1 -121 34.11 0 22.40 77.8 1408 85.00 107/64 1569 -
NIIT Technologies 10 1603 61.3* 187 1468 194.0 31.6 10.00 0.0 16.9 1606 367.8 21.4 1606Q 367.8 2 21.4 -70 30.80 0 53.31 39.4 2517 410.50 632/405 2419 17.6
Nucleus Software 10 1603 32.4 131 278 44.7 13.8 5.00 0.0 10.5 1606 71.1 7.5 1606Q 71.1 5 7.5 -41 60.62 0 9.92 17.5 594 183.55 305/145 490 15.1
*Oracle Financial Ser 5 1603 42.5* 352 3487 928.9 109.4 1 00.00 0.0 31.1 1603 865.1 183.8 - - 4 - - 74.30 0 17.41 21.1 31535 3713.35 4447/3106 29361 34.0
Persistent Systems 10 1603 80.0 194 1447 265.5 33.2 8.00 0.0 17.1 1606 417.3 79.7 1606Q 417.3 24 79.7 -6 38.19 0 34.69 48.3 5408 676.05 797/563 5358 20.8
*Polaris Consulting 5 1603 50.8* 64 1826 89.8 8.8 - 0.0 13.7 1606 435.7 26.9 1606Q 435.7 -2 26.9 -21 78.64 0 10.31 41.9 1908 187.85 217/148 1872 23.0
Quick Heal Technolog 10 1603 70.0* 88 334 62.9 9.0 2.50 0.0 10.2 1606 47.5 -3.4 1606Q 47.5 - -3.4 - 72.86 0 12.55 71.0 1685 240.65 330/180 1422 -
R Systems Internat. 1 1512 12.7* 14 289 90.6 7.1 3.95 0.0 51.8 1606 65.9 8.7 1606H 131.2 -22 18.4 -9 50.79 0 0.00 14.3 678 53.25 84/47 658 7.6
Ramco Systems Lt 10 1603 30.1* 206 263 24.0 8.0 - 0.0 3.9 1606 68.1 7.3 1606Q 68.1 15 7.3 579 55.91 1 25.92 9.6 1576 524.25 974/495 1574 48.0
Rolta India 10 1603 162.9 175 1830 112.2 6.9 - 0.3 2.9 1603 421.2 224.0 - - 2 - - 50.99 28 14.16 143.0 1029 63.15 118/60 1847 9.2
Sasken Comm.Tech. 10 1603 17.7 281 402 208.9 117.9 32.00 0.0 41.9 1606 100.1 14.1 1606Q 100.1 11 14.1 78 40.66 0 18.31 26.3 615 347.05 431/225 602 2.9
*Sonata Software 1 1603 10.5 34 505 117.4 11.2 9.00 0.3 32.6 1606 139.4 34.8 1606Q 139.4 18 34.8 47 30.95 1 16.28 34.1 1582 150.45 186/126 1493 12.3
SQS India BFSI 10 1603 10.7* 82 264 31.9 29.9 24.00 0.0 36.6 1606 73.1 8.3 1606Q 73.1 25 8.3 24 54.08 0 4.08 10.7 960 900.05 1290/637 905 28.7
Subex Ltd. 10 U1603 506.9* 12 296 -131.9 -2.6 - 2.2 - 1603 82.9 -208.4 - - 1 - - 0.19 100 1.05 104.9 580 11.45 17/8 1229 -
*Take Solutions Ltd. 1 1603 13.3 24 24 18.2 1.4 1.00 0.2 5.7 1606 3.9 2.3 1606Q 3.9 -1 2.3 128 63.13 0 14.40 21.3 2349 176.30 211/100 2397 1 20.5
Tata Consultancy 1 1603 197.0 299 85864 22882.7 116.1 43.50 0.0 38.9 1606 23087.0 5778.0 1606Q 23087.0 15 5778.0 5 73.33 3 22.10 637.1 538390 2732.35 2769/2119 5 33747 2 3.3
Tata Elxsi Ltd. 10 1603 31.1 124 1075 154.8 49.7 14.00 0.0 40.1 1606 294.3 41.9 1606Q 294.3 21 41.9 17 44.63 0 15.96 74.0 5150 1653.90 2396/1561 4967 32.0
Tech Mahindra Ltd. 5 1603 485.8* 140 20970 3220.0 33.1 12.00 0.0 23.8 1606 5646.8 737.5 1606Q 5646.8 13 737.5 -8 36.31 0 50.10 514.4 47844 492.45 582/408 44730 15.5
Vakrangee 1 U1603 52.9 26 3169 391.5 7.4 1.25 0.3 28.4 1603 872.8 110.6 - - 10 - - 41.60 0 17.58 17.9 9684 183.00 229/87 9985 24.7
Wipro Ltd 2 1603 486.1* 168 44685 8099.0 33.3 6.00 0.2 19.8 1606 11587.5 2007.7 1606Q 11587.5 6 2007.7 1 74.75 0 16.63 226.7 132172 543.75 613/509 1 26860 1 6.3
Xchanging Solutions 10 1512 111.4 17 121 13.6 1.2 - 0.0 7.2 1606 19.7 -2.6 1606H 44.5 -23 -2.3 -156 75.00 0 0.36 17.1 1104 99.10 104/22 1021 -
Zee Learn Ltd. 1 U1603 32.1* 7 139 15.1 0.5 - 0.3 6.4 1606 42.1 8.0 1606Q 42.1 18 8.0 103 67.32 69 25.52 81.7 976 30.45 47/27 1042 -
*Zen Technologies Ltd 1 U1603 7.7 15 53 2.3 0.3 0.10 0.4 2.0 1606 2.7 -6.1 1606Q 2.7 -92 -6.1 -152 59.44 39 0.16 8.2 589 76.30 135/58 590 -
Zensar Technologies 10 1603 44.7* 211 1246 234.2 52.4 12.00 0.0 24.8 1606 325.3 53.1 1606Q 325.3 12 53.1 -18 47.93 0 16.05 24.6 4813 1076.75 1136/753 4741 21.6
24 CONSTRUCTIONS
IND. COMPOSITE 8068 96021 -26 25
*Ahluwalia Contra 2 U1603 13.4 63 1250 84.4 12.6 - 0.5 20.0 1606 306.3 21.5 1606Q 306.3 16 21.5 14 62.43 35 28.72 7.1 1944 290.25 319/210 2023 22.3
*Ajmera Realty & Infr 10 1603 35.5 110 213 33.9 9.6 2.50 0.3 8.7 1606 35.0 6.0 1606Q 35.0 -1 6.0 14 61.93 17 0.09 39.4 496 139.70 192/90 597 14.3
Anant Raj Ltd. 2 U1603 59.0 139 408 55.6 1.9 0.24 0.2 1.4 1603 107.2 9.6 - - -3 - - 63.44 0 7.90 47.9 1704 57.75 65/28 2495 30.6
Ashiana Housing Ltd. 2 1603 20.5 63 498 131.4 12.8 0.50 0.1 20.3 1603 380.8 110.1 - - 110 - - 61.03 0 14.69 14.2 1695 165.60 204/117 1672 12.9
Ashoka Buildcon Ltd. 5 1603 93.6 90 1936 159.4 8.5 1.50 0.2 9.5 1603 549.7 58.7 - - 7 - - 56.68 0 30.03 18.8 2894 154.65 212/111 3137 18.2
*Brigade Enterprises 10 1603 113.2 128 1226 146.4 12.9 2.00 0.7 10.1 1606 386.4 26.4 1606Q 386.4 32 26.4 19 56.29 0 8.65 59.6 1787 157.80 187/121 2734 11.9
D B Realty Ltd. 10 U1603 243.3 138 157 0.1 0.0 - 0.1 0.0 1603 36.3 -1.0 - - 10838 - - 61.89 69 12.11 22.6 1286 52.85 73/36 1496 -
Delta Corp Ltd. 1 U1603 23.1 39 240 39.0 1.7 0.20 0.1 4.3 1606 71.7 16.8 1606Q 71.7 41 16.8 97 40.86 35 13.31 63.6 2938 127.35 134/49 3009 62.2
*Dilip Buildcon Ltd. 10 1603 117.1 93 4085 219.9 18.8 0.03 2.0 20.1 - - - - - - - - - 0 0.00 - 2860 244.20 259/239 4962 -
DLF Ltd. 2 U1603 356.8 102 2451 974.6 5.5 2.00 0.6 5.3 1603 1133.9 1088.9 - - -40 - - 74.95 0 18.24 396.5 28988 162.50 169/73 38630 29.7

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 31


Databank Updated Information Updated as on Aug 12, 2016

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Gammon India 2 U1603 73.9 28 6147 14.6 0.3 - 4.8 1.3 1603 1115.1 53.4 - - 144 - - 12.82 93 67.85 41.7 528 14.30 22/10 5184 2.1
Ganesh Housing 10 U1603 49.0* 145 198 39.4 8.0 2.00 0.2 5.5 1603 59.5 17.9 - - 8 - - 56.24 33 11.29 11.9 404 82.40XB 96/54 542 10.2
Gayatri Projects 10 U1603 35.5 211 1812 58.6 16.5 2.00 2.5 7.8 1603 668.2 28.5 - - 10 - - 47.47 100 40.89 7.2 2429 685.30 769/338 4003 41.4
*Godrej Properties Lt 5 1603 108.2* 97 340 30.4 1.4 - 1.3 1.4 1606 116.1 45.8 1606Q 116.1 36 45.8 173 74.94 0 9.32 35.9 7751 358.25 386/266 10150 1 30.5
HDIL 10 U1603 419.0 261 1168 265.0 6.3 - 0.2 2.4 1603 342.3 55.4 - - -4 - - 34.25 0 45.13 207.7 4039 96.40 109/54 5531 15.2
Hind.ConstructionCo. 1 1603 77.9 24 4052 85.0 1.1 - 2.4 4.6 1606 982.5 10.9 1606Q 982.5 8 10.9 36 36.06 71 23.90 218.3 1726 22.15 29/16 6165 19.6
Hubtown 10 U1603 72.7 238 383 21.3 2.9 - 0.5 1.2 1603 94.7 16.4 - - -36 - - 71.59 92 3.97 19.7 703 96.70 146/91 1592 33.0
IL&FS Engineering 10 U1603 130.1* 12 1845 -188.5 -14.5 - 13.8 - 1606 406.9 -67.4 1606Q 406.9 -15 -67.4 -11 37.50 0 10.90 36.5 628 48.25 82/39 2413 -
*Indiabulls Real Esta 2 U1603 101.1* 114 17 55.2 1.1 - 0.4 0.9 1606 5.5 4.3 1606Q 5.5 16 4.3 113 47.63 0 20.36 86.7 4288 84.80 105/42 6693 74.6
IRB Infrastructure D 10 U1603 351.4 70 2768 324.9 9.2 4.00 0.9 13.1 1606 888.2 26.3 1606Q 888.2 87 26.3 -72 57.42 0 36.28 82.7 7263 206.65 272/197 8375 28.3
*ITD Cementation Indi 1 1512 15.5 33 2744 -59.3 -3.8 - 0.9 - 1606 807.8 5.2 1606H 1757.6 53 28.2 130 51.63 0 27.61 16.1 2213 142.65 165/61 2534 -
J Kumar Infraproject 5 U1603 37.8 119 1409 103.2 13.6 2.00 0.5 11.5 1603 403.9 28.6 - - 7 - - 43.47 24 43.98 13.0 1070 141.35 450/139 1348 10.5
JaiprakashAssociates 2 U1603 486.5 62 8794 -3239.9 -13.3 - 1.3 - 1603 1906.2 -1387.3 - - -17 - - 39.38 20 23.56 621.0 2751 11.31 15/5 25863 -
Jaypee Infratech Ltd 10 U1603 1388.9 44 2800 -242.9 -1.7 - 1.0 - 1603 1196.4 -88.8 - - -34 - - 71.63 93 11.72 134.4 1217 8.76 16/5 7570 -
JMC Projects 10 1603 33.6 197 2484 41.0 12.2 1.00 0.8 6.2 1606 559.0 11.3 1606Q 559.0 -4 11.3 78 67.18 0 9.57 9.2 803 239.25 288/175 1306 17.5
KNR Constructions 10 U1603 28.1 260 903 161.1 57.3 1.00 0.2 22.1 1603 295.8 58.0 - - -2 - - 60.75 0 27.92 8.8 1750 622.20 652/408 1822 10.9
Kolte-Patil Develope 10 U1603 75.8 108 181 39.5 5.2 1.50 0.2 4.8 1603 50.3 15.1 - - 1 - - 74.53 0 11.85 42.2 969 127.90 191/96 1132 24.5
Madhuban Const 10 U1603 12.1 10 2 0.0 0.0 - 0.0 0.4 - - - - - - - - 31.08 0 0.00 0.2 416 345.00 381/315 416 -
Mahindra Lifespace D 10 1603 41.0 341 503 104.5 25.5 6.00 0.4 7.5 1606 88.9 15.3 1606Q 88.9 -15 15.3 -14 50.80 0 26.74 63.2 1744 425.05 559/415 2165 17.1
*Man Infraconstructio 2 1603 49.5 25 212 37.6 1.5 1.53 0.0 6.0 1603 54.5 6.3 - - 1 - - 61.16 0 1.43 20.3 1110 44.85 50/29 1012 29.6
MarathonNextgenRea 10 U1603 28.4* 190 6 75.4 26.5 1.00 0.0 13.9 1603 0.0 31.3 - - -64 - - 74.99 0 0.00 4.7 775 272.45XB 297/101 770 10.3
MBL Infrastructures 10 1603 41.5 175 2314 85.0 20.5 1.50 1.2 11.7 1603 612.4 14.1 - - 22 - - 48.86 60 27.04 12.1 518 125.05 268/104 1363 6.1
NBCC (India) 2 U1603 120.0 27 5827 308.8 5.1 0.40 0.0 18.9 1603 2303.3 138.7 - - 28 - - 90.00 0 3.29 52.8 13845 230.75 267/162 12786 44.8
*NCC 2 1603 111.2 61 8325 222.8 4.0 0.60 0.5 6.5 1606 1901.1 52.3 1606Q 1901.1 10 52.3 27 20.23 45 45.22 85.2 4300 77.35 85/53 5903 18.4
Nila Infrastructures 1 U1603 39.3* 4 183 17.0 0.4 0.11 0.7 9.8 1606 46.8 4.0 1606Q 46.8 45 4.0 33 59.78 0 0.00 18.2 501 12.75 20/8 605 -
NoidaTollBridge 10 U1603 186.2 31 129 82.4 4.4 4.50 0.0 14.1 1603 31.7 18.1 - - 7 - - 26.37 0 19.05 81.0 425 22.80 28/22 419 5.2
Oberoi Realty 10 U1603 339.4 102 1180 475.5 14.0 2.00 0.0 13.8 1603 171.2 112.2 - - 110 - - 72.54 0 22.74 17.1 10038 295.80 316/209 10078 21.1
Omaxe Ltd. 10 U1603 182.9 94 1138 51.5 2.8 0.70 0.5 3.0 1603 332.8 14.4 - - 7 - - 74.99 49 14.41 67.4 2979 162.85 165/130 3429 57.9
Parsvnath Developers 5 U1603 217.6 60 310 4.7 0.1 - 0.5 0.2 1603 65.8 17.9 - - -47 - - 71.05 88 8.08 201.4 831 19.10 30/15 1836 -
Peninsula Land L 2 1603 55.8 52 110 -30.0 -1.1 0.20 1.1 - 1603 37.7 -4.4 - - -55 - - 55.36 27 17.18 50.0 519 18.60 27/16 2113 -
*Phoenix Mills 2 1603 30.6 149 356 150.9 9.9 2.20 0.3 6.6 1606 91.2 44.9 1606Q 91.2 6 44.9 0 62.85 0 33.15 6.3 6090 397.90 405/238 6833 40.3
PNC Infratech 2 U1603 51.3* 38 2014 242.7 9.5 0.50 0.5 24.9 1603 588.7 153.7 - - 30 - - 56.06 0 23.06 3.8 2907 113.30 126/82 3209 12.0
Poddar Housing & Dev 10 1603 6.3 352 129 15.8 24.9 1.50 0.0 7.1 1606 11.0 1.3 1606Q 11.0 206 1.3 -62 61.00 0 20.16 2.7 656 1038.00 1456/900 654 48.5
Prestige Estates Pro 10 U1603 375.0 114 2656 361.8 9.6 1.20 0.6 8.5 1603 680.3 59.9 - - 16 - - 70.00 0 28.88 11.7 7382 196.85 225/130 9380 20.4
*Prozone Intu Propert 2 U1603 30.5 27 8 4.5 0.3 - 0.0 1.1 1606 1.8 1.0 1606Q 1.8 -20 1.0 -20 33.18 0 8.36 26.8 394 25.80 37/22 411 -
*Punj Lloyd 2 1603 66.4 47 3348 -1649.5 -49.7 - 3.5 - 1606 972.2 -211.4 1606Q 972.2 48 -211.4 65 36.72 61 10.17 348.8 654 19.70 32/18 5778 -
Puravankara Projects 5 U1603 118.6 81 983 77.5 3.3 0.78 0.7 4.0 1603 195.0 6.5 - - -13 - - 74.99 0 18.76 25.5 1099 46.35 76/42 2207 14.2
Ramky Infrastructure 10 U1603 57.2 39 1793 12.4 2.2 - 6.5 5.6 1603 867.0 173.5 - - 24 - - 67.75 78 9.98 18.3 444 77.60 96/24 1755 35.9
RPP Infra Projects L 10 U1603 22.6 69 315 20.7 9.1 0.50 0.6 13.2 1603 65.4 8.2 - - 39 - - 72.42 42 2.57 3.5 413 182.95 190/85 480 20.0
Sadbhav Engineering 1 U1603 17.2* 87 3186 133.7 7.8 0.70 0.7 9.0 1603 858.0 40.7 - - 16 - - 47.16 33 41.90 11.8 4792 279.30 370/198 5695 35.8
Shristi Infrastructu 10 U1603 22.2 48 158 2.6 1.2 0.50 0.8 2.5 1603 90.8 1.0 - - -20 - - 74.95 19 0.00 12.1 507 228.35 234/85 587 1 92.7
Simplex Infrastructu 2 U1603 9.9 305 5812 66.3 13.4 0.50 2.2 4.4 1603 1511.7 15.8 - - 6 - - 56.00 0 26.41 9.9 1470 297.05 362/188 4642 22.2
SKIL Infrastructure 10 U1603 216.6 137 0 -307.6 -14.2 - 0.5 - 1606 0.0 -21.8 1606Q 0.0 -71 -21.8 47 64.08 92 5.20 4.9 504 23.25 35/18 2294 -
Sobha 10 1603 98.1 251 1803 136.9 14.0 2.00 0.8 5.6 1603 521.8 28.4 - - -33 - - 60.58 18 34.93 55.0 2955 301.35 349/230 4930 21.6
*SRS Real Infrastruct 1 U1603 40.2 6 758 -2.2 -0.1 - 0.8 - 1606 83.2 -5.2 1606Q 83.2 -69 -5.2 -413 67.15 16 0.00 1.6 497 12.35 22/8 649 -
Sunstar Realty Devel 1 U1503 23.6 2 18 0.6 0.0 - 0.1 1.4 - - - - - -64 - - 18.77 0 0.15 0.5 732 31.00 41/16 734 -
Sunteck Realty Ltd. 2 U1603 12.6 114 163 140.1 22.2 2.00 0.2 19.4 1603 133.3 123.1 - - 11 - - 73.52 0 4.61 2.4 1433 227.65 273/173 1551 10.2
Texmaco Infrastructu 1 U1603 12.7 23 14 13.8 1.1 0.20 0.0 4.7 1603 2.8 2.7 - - 15 - - 60.83 1 7.53 25.9 462 36.25 45/27 460 33.5
Unitech Ltd. 2 U1603 523.3 37 1077 -275.6 -1.1 - 0.3 - 1603 160.7 -286.7 - - 41 - - 24.94 80 15.68 670.9 1609 6.15 9/3 4194 -
Vascon Engineers Ltd 10 U1603 161.5* 36 318 6.6 0.4 - 0.5 1.1 1603 76.2 1.6 - - 0 - - 46.77 12 3.52 13.2 507 31.40 41/18 707 -
*Vipul Ltd. 1 U1603 12.0 34 179 1.2 0.1 - 0.4 0.3 1606 40.4 0.1 1606Q 40.4 -29 0.1 -41 63.38 51 0.00 3.5 758 63.20 71/31 916 -
Welspun Enterprises 10 U1603 174.3* 85 185 32.8 1.9 - 0.1 2.2 1603 73.0 2.9 - - 13 - - 37.40 0 16.93 53.7 1047 60.05 70/43 1071 31.9
25 CONSUMER DURABLES
IND. COMPOSITE 754 44666 1582 46
*Bajaj Electrical 2 1603 20.2 74 4612 95.6 9.5 2.80 0.3 12.7 1606 959.4 22.9 1606Q 959.4 -5 22.9 12 63.55 0 13.65 35.2 2566 253.90 280/155 2707 26.1
Blue Star 2 1603 19.1* 71 3532 122.8 12.9 6.50 0.4 18.2 1606 1172.9 53.0 1606Q 1172.9 29 53.0 36 39.04 0 28.70 24.6 4582 480.35 506/306 4825 37.0
Eveready Industr 5 1603 36.3 91 1323 50.6 7.0 2.00 0.2 7.7 1606 371.7 22.4 1606Q 371.7 7 22.4 41 44.01 26 31.20 51.9 1898 261.05 350/192 2034 33.2
*Hawkins Cookers 10 1603 5.3 115 544 40.3 76.3 60.00 0.5 66.0 1606 103.8 9.9 1606Q 103.8 8 9.9 95 56.03 0 12.37 12.3 1534 2900.25 3050/2052 1514 34.0
*Hitachi Home & Life 10 1603 27.2 132 1660 50.0 18.4 1.50 0.4 14.0 1606 853.8 69.0 1606Q 853.8 20 69.0 48 74.25 0 10.78 16.2 3799 1397.25 1570/932 3928 52.4
IFB Industries 10 1603 41.3* 101 1501 31.4 7.6 - 0.0 7.5 1606 417.7 14.9 1606Q 417.7 19 14.9 41 74.96 0 10.11 17.0 1602 388.10 564/281 1570 44.8
Lloyd Electric a 10 U1603 36.2* 198 2383 56.1 15.5 1.30 1.0 7.8 1603 810.1 8.6 - - 29 - - 51.22 0 9.70 26.2 854 235.90 329/176 1482 15.2
Symphony 2 1603 7.0 88 415 123.0 46.9 25.00 0.0 39.9 1606 152.6 31.1 1606Q 152.6 14 31.1 40 74.99 0 12.12 13.2 7955 2274.20CB 2632/1649 7918 51.6
Titan Company 1 1603 88.8 40 11265 705.9 8.0 2.20 0.0 20.1 1606 2798.8 126.7 1606Q 2798.8 3 126.7 -16 53.05 0 26.18 109.2 35711 402.25 435/303 35713 52.0
TTK Prestige L 10 1603 11.6 619 1525 114.8 98.6 27.00 0.0 15.9 1606 346.1 24.2 1606Q 346.1 2 24.2 10 70.37 0 21.68 9.8 5782 4966.85 5540/3521 5751 49.1
Videocon Industries 10 1512 334.5 308 12418 -55.8 -1.7 - 2.2 - 1603 2774.8 -189.6 1603Q 2774.8 -10 -189.6 -1913 74.63 99 12.85 303.2 3473 103.85 149/99 23704 -
Whirlpool of Ind 10 U1603 126.9 91 3488 247.4 19.5 - 0.0 21.3 1603 860.2 67.8 - - 4 - - 74.99 0 14.52 37.4 11262 887.65 900/561 10726 45.5
27 COURIERS
IND. COMPOSITE 41 3039 210 68
Blue Dart Expres 10 1603 23.7 169 2554 189.9 80.0 30.00 0.8 47.3 1606 621.4 44.1 1606Q 621.4 0 44.1 -3 74.99 0 13.19 14.9 12997 5477.30 7900/5275 13042 69.0
*Gati Ltd. 2 1603 17.6 70 485 19.8 2.3 1.00 0.4 3.2 1606 127.6 4.9 1606Q 127.6 9 4.9 47 40.78 83 13.70 86.9 1266 144.05 189/95 1493 59.3
28 CYCLES & ACCESSORIES
IND. COMPOSITE 37 3941 730 14
Tube Investments 2 1603 37.5* 103 3941 729.9 39.0 5.00 0.3 37.6 1606 1146.3 42.4 1606Q 1146.3 14 42.4 137 49.93 1 26.87 20.3 10565 563.85 575/352 10471 14.0
29 DIAMOND CUTTING/PRECIO US META LS/JEWELLERY
IND. COMPOSITE 430 57769 932 24
Gitanjali Gems 10 U1603 108.8 269 8604 48.8 4.5 0.50 1.8 1.7 1603 3148.5 -6.6 - - 13 - - 34.89 81 9.20 73.7 492 45.25 52/30 5457 10.1

32 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
PC Jeweller L 10 U1603 179.1 134 7259 400.9 22.4 3.35 0.3 16.8 1606 1664.5 106.6 1606Q 1664.5 10 106.6 29 70.54 71 21.14 17.5 7597 424.20 479/296 8005 17.9
*Rajesh Exports L 1 U1603 29.5 112 38619 476.5 16.1 1.00 1.3 14.4 1606 11180.4 111.5 1606Q 11180.4 32 111.5 -8 53.91 0 20.33 32.2 13473 456.30 746/370 6191 28.9
Thangamayil Jeweller 10 1603 13.7 100 1272 10.5 7.7 1.00 0.9 7.7 1606 286.9 4.5 1606Q 286.9 -4 4.5 24 70.34 17 7.53 2.1 383 279.25 334/155 501 33.6
Tribhovandas Bhimji 10 U1603 66.7 66 1655 -23.1 -3.5 - 1.2 - 1606 326.0 2.5 1606Q 326.0 -22 2.5 -9 74.11 0 7.28 14.8 447 66.95 144/47 993 -
Vaibhav Global Ltd. 10 1603 32.5* 146 361 18.2 5.6 - 0.2 3.8 1606 106.6 4.0 1606Q 106.6 25 4.0 -42 68.34 0 19.00 5.1 1015 312.00 618/236 1099 66.5
30 DIVERSIFIED
IND. COMPOSITE 4259 342054 35681 16
*3M India Ltd. 10 1603 11.3 895 2103 200.9 178.4 - 0.0 19.9 1606 597.2 59.7 1606Q 597.2 15 59.7 51 74.99 0 12.13 13.4 14762 13104.20 15200/9405 14397 66.8
Andhra Sugars Lt 10 1503 27.1 205 779 3.4 1.2 3.00 0.5 0.6 1512 243.7 5.9 1512N 664.8 7 25.1 107 46.46 0 0.92 14.7 617 227.45 275/88 880 37.7
Andrew Yule & Co 2 U1603 100.3* 2 368 8.4 0.2 - 0.9 3.7 1603 266.4 2.1 - - 5 - - 84.80 0 6.78 29.0 1071 21.35 34/18 1056 -
*Balmer Lawrie & 10 U1603 28.5 374 2712 163.2 57.3 20.00 0.0 15.3 1606 461.7 37.0 1606Q 461.7 -38 37.0 11 0.00 0 13.79 26.1 1858 651.85 680/491 1497 11.1
Century Textiles 10 1603 111.7 198 7988 -54.5 -4.9 5.50 2.1 - 1606 2071.3 0.9 1606Q 2071.3 2 0.9 103 47.75 0 22.47 65.4 7565 677.30 724/404 12179 -
DCM Shriram 2 1603 32.5 132 5735 350.3 21.6 3.20 0.5 16.3 1606 1426.7 178.9 1606Q 1426.7 -20 178.9 35 63.87 0 12.00 42.4 3610 222.25 245/100 4561 9.1
Grasim Inds. 10 U1603 93.3* 1198 8980 953.3 102.1 22.50 0.1 8.5 1606 2426.5 320.9 1606Q 2426.5 46 320.9 203 30.13 1 45.74 137.0 42613 4565.00 5349/3242 43491 37.8
Kesoram Industri 10 1603 117.3* 34 4100 137.1 11.7 - 11.9 34.7 1606 975.8 9.5 1606Q 975.8 -14 9.5 106 52.62 15 8.05 83.3 1532 130.65 153/72 5792 4.9
Kokuyo Camlin 1 1603 10.0 22 614 5.3 0.5 - 0.4 2.4 1606 188.8 4.4 1606Q 188.8 2 4.4 -14 74.98 0 0.17 18.4 760 75.80 121/65 787 -
*L & T 2 1603 186.4* 437 59780 5311.5 57.0 18.25 0.3 13.0 1606 12150.0 546.7 1606Q 12150.0 6 546.7 -3 0.00 0 56.33 978.1 138742 1488.40 1819/1017 1 49282 2 6.9
Mercator Ltd. 1 1603 24.5 29 588 16.9 0.7 0.10 1.1 2.4 1606 126.6 5.2 1606Q 126.6 -8 5.2 43 40.54 43 13.85 78.3 1091 44.55 48/16 1862 -
*Nava Bharat Ventures 2 1603 17.9 293 989 111.2 12.5 3.00 0.1 4.3 1603 302.2 57.6 - - -21 - - 44.31 0 26.57 14.3 2039 228.35CB 270/128 2377 18.3
*Nesco Ltd. 10 1603 14.1 467 257 132.9 94.3 8.50 0.0 20.2 1606 54.4 35.1 1606Q 54.4 12 35.1 56 68.16 0 9.21 12.1 2320 1646.15 1789/1200 2313 15.9
*Orient Paper 1 1603 20.5 20 1820 21.0 1.0 0.25 1.0 5.1 1606 400.4 -3.4 1606Q 400.4 -6 -3.4 42 38.23 0 19.82 19.7 1195 58.35 65/23 1549 50.9
Prakash Indus. 10 U1603 135.6* 155 2055 20.6 1.5 - 0.4 0.9 1603 486.8 16.3 - - -29 - - 46.28 47 3.33 51.2 564 41.60 46/23 1289 27.4
*Reliance Inds. 10 1603 3243.0* 741 2 33158 2 7417.0 84.5 10.50 0.4 11.4 1606 53496.0 7548.0 1606Q 53496.0 -19 7548.0 19 46.48 0 33.54 2642.9 335629 1034.95 1090/819 4 21093 11.7
*Sintex Industrie 1 U1603 52.3* 101 4841 549.6 10.5 0.70 0.8 10.4 1606 907.6 62.8 1606Q 907.6 12 62.8 10 32.45 47 37.18 196.0 3743 71.50 80/64 6821 6.7
Voltas Ltd. 1 1603 33.1 63 5187 332.9 10.1 2.60 0.1 16.0 1606 1654.9 105.0 1606Q 1654.9 7 105.0 36 30.31 0 48.56 102.6 12046 364.05 376/211 12033 33.9
31 DYES & PIGMENTS
IND. COMPOSITE 122 6870 516 21
Atul Ltd. 10 1603 29.7 422 2459 268.1 90.4 10.00 0.2 21.4 1606 675.0 80.5 1606Q 675.0 15 80.5 34 51.03 7 20.60 28.7 5796 1953.95 2299/1150 6059 20.1
Bodal Chemicals 2 U1603 21.8 23 910 86.6 7.9 0.60 1.5 35.0 1606 270.5 32.2 1606Q 270.5 10 32.2 60 69.21 61 0.28 18.0 1116 102.25 115/26 1321 11.3
*Clariant Chemicals ( 10 1603 23.1 274 1182 52.9 18.3 1 50.00 0.0 8.4 1606 280.4 14.1 1606Q 280.4 19 14.1 214 64.23 0 6.08 37.2 1618 700.80 864/587 1589 31.2
*Kiri Industries 10 U1603 27.8 45 892 9.1 3.3 - 7.0 7.3 1606 253.5 25.2 1606Q 253.5 56 25.2 391 37.67 17 26.27 11.2 982 352.75 405/72 1752 22.9
Sudarshan Chem. 2 1603 13.8 47 1207 71.6 10.3 3.00 1.0 21.9 1606 336.8 31.5 1606Q 336.8 14 31.5 73 52.89 0 3.42 16.4 2073 299.45 332/78 2365 24.4
*Ultramarine Pig. 2 1603 5.8 39 220 27.4 9.4 3.50 0.0 23.9 1606 56.3 7.2 1606Q 56.3 10 7.2 39 52.53 0 0.25 7.2 397 136.10 151/65 385 13.5
32 EDIBLE OILS & SOLVE NT EXTRACTION
IND. COMPOSITE 134 31520 -729 15
Agro Tech Foods Ltd. 10 1603 24.4 138 782 23.4 9.6 - 0.3 6.9 1606 191.2 6.1 1606Q 191.2 5 6.1 34 51.77 0 14.76 14.2 1187 487.05 650/445 1281 47.7
AVT Natural Prod 1 1603 15.2 14 267 23.3 1.5 0.40 0.0 11.1 1606 83.9 6.6 1606Q 83.9 6 6.6 13 74.34 0 0.06 15.1 501 32.90 42/26 494 20.9
*Guj. Amb.Exports 2 U1603 27.7 67 2736 103.6 7.5 0.80 0.4 11.1 1606 781.9 48.3 1606Q 781.9 28 48.3 94 71.96 0 0.07 52.2 1015 73.35 86/36 1312 8.0
Ruchi Soya Inds. 2 U1603 66.8 40 27735 -878.7 -26.3 - 1.5 - 1603 8048.7 -889.6 - - 6 - - 56.83 52 4.92 31.8 773 23.15 38/18 3497 -
33 ELECTRIC EQUIPMENT
IND. COMPOSITE 778 33226 1696 36
ABB India 2 1512 42.4 142 8140 299.9 14.2 3.70 0.2 10.0 1606 2101.5 77.4 1606H 4101.8 9 148.4 33 74.99 0 16.81 63.3 25249 1191.50 1433/963 25275 75.0
Bharat Electroni 10 U1603 240.0* 329 7295 1357.7 56.6 17.00 0.0 17.2 1606 871.4 36.1 1606Q 871.4 -21 36.1 -53 75.01 0 18.85 55.8 29482 1228.40XB 1417/983 23609 22.1
Centum Electronics L 10 1603 12.7* 127 332 32.4 25.5 3.00 0.4 20.1 1606 86.8 2.4 1606Q 86.8 27 2.4 -83 59.62 0 12.82 10.2 647 509.35 819/478 667 31.2
Crompton Greaves 2 1603 125.3 66 4291 -1092.0 -17.4 - 0.1 - 1603 1129.7 -1321.7 - - -50 - - 34.37 84 46.04 145.3 5227 83.40 204/41 5242 -
Crompton Greaves Con 2 1603 125.3 4 1812 105.2 1.7 - 2.3 46.0 1606 1120.8 91.9 1606Q 1120.8 - 91.9 - 34.37 85 45.84 123.0 10789 172.15 176/126 11217 -
Genus Power Infrastr 1 U1603 25.7 22 860 78.5 3.1 0.25 0.7 13.9 1603 210.5 13.8 - - 4 - - 50.57 0 5.68 19.0 1175 45.75 63/24 1476 15.0
Havells India 1 1603 62.5* 42 5437 715.4 11.4 6.00 0.0 27.1 1606 1466.8 145.6 1606Q 1466.8 16 145.6 36 61.63 0 29.74 74.2 24952 399.15 422/236 23608 33.1
HBL Power Systems Lt 1 U1603 25.3 24 1288 19.4 0.8 0.25 1.1 3.2 1603 321.1 2.2 - - -2 - - 74.10 0 7.34 27.3 839 33.15 53/29 1418 -
Igarashi Motors Indi 10 1603 30.6 96 445 63.6 20.8 5.50 0.1 21.6 1606 125.4 19.0 1606Q 125.4 15 19.0 22 85.84 0 2.46 13.2 2123 693.45 728/372 2019 31.7
Schneider Electric 2 U1603 47.8 3 1403 -18.2 -0.8 - 3.4 - 1606 277.7 -13.7 1606Q 277.7 -17 -13.7 -1 74.99 0 7.48 51.5 3209 134.20 214/127 3441 -
Swelect Energy Syste 10 1603 10.1 655 61 22.3 22.0 4.00 0.1 3.4 1603 18.3 5.0 - - 7 - - 64.32 0 1.64 10.7 382 377.90 518/350 409 17.2
V-Guard Ind.Ltd. 10 1603 30.2* 156 1862 111.7 37.0 7.00 0.0 23.7 1606 572.7 42.8 1606Q 572.7 15 42.8 70 65.66 0 25.15 18.6 5141 1703.50 1775/787 5141 39.8
34 ELECTRIC EQUIPMENT - G ENSETS/ TURBINES
IND. COMPOSITE 76 1836 168 36
*Honda Siel Power 10 1603 10.1 361 673 48.8 48.1 6.00 0.0 13.3 1606 157.5 14.6 1606Q 157.5 3 14.6 34 67.66 0 3.96 12.6 1264 1246.60 1422/1053 1109 24.1
TD Power Systems Ltd 10 U1603 33.2 152 455 15.0 4.5 3.05 0.1 3.0 1606 79.7 -1.2 1606Q 79.7 -7 -1.2 -1060 54.05 0 31.23 5.7 696 209.50 344/197 562 51.1
*Triveni Turbine 1 1603 33.0 9 708 103.8 3.1 1.10 0.0 35.1 1606 154.9 21.9 1606Q 154.9 25 21.9 53 70.00 3 24.12 34.2 4100 124.25 128/88 4073 36.8
35 ELECTRIC EQUIPMENT - T R ANSFOR MERS
IND. COMPOSITE 64 5927 185 16
Apar Industries 10 1603 38.5 199 5010 157.0 40.8 6.50 0.4 20.5 1606 1081.9 45.6 1606Q 1081.9 -13 45.6 65 58.20 0 20.06 23.6 2068 537.10 634/351 2303 11.8
Bharat Bijlee 10 U1603 5.7 482 640 7.2 12.7 - 0.5 2.6 1606 130.3 -3.4 1606Q 130.3 -1 -3.4 30 35.58 0 17.75 19.2 423 749.25 1110/518 535 49.0
Ujaas Energy 1 U1603 20.0 10 277 20.9 1.0 0.07 0.6 10.8 1606 93.7 7.3 1606Q 93.7 696 7.3 408 70.69 0 1.56 20.7 473 23.65 32/14 556 17.7
36 ELECTRODES - GRAPHI TE
IND. COMPOSITE 79 2174 67 18
*Graphite India Ltd. 2 1603 39.1 91 1347 82.4 4.2 2.00 0.1 4.6 1606 295.4 11.0 1606Q 295.4 -8 11.0 -33 65.21 0 19.94 101.7 1440 73.70 89/64 1614 18.7
*HEG Ltd. 10 U1603 40.0 232 828 -15.2 -3.8 - 0.9 - 1606 163.2 -28.9 1606Q 163.2 -35 -28.9 -174 58.79 0 11.41 30.8 638 159.55 199/116 1462 -
37 ENGINEERING
IND. COMPOSITE 826 43557 3633 34
A2Z Infra Engineer 10 U1603 126.9 62 961 -44.7 -3.5 - 1.0 - 1603 350.6 6.5 - - 294 - - 48.03 95 12.29 25.2 469 36.95 46/17 1287 -
*Ador Welding Ltd. 10 1603 13.6 161 407 22.6 16.7 5.00 0.0 10.4 1606 77.2 1.3 1606Q 77.2 -4 1.3 -76 56.68 0 16.75 13.8 375 275.80 364/215 361 20.4
Astra Microwave 2 1603 17.3 46 420 56.4 6.5 1.20 0.1 14.2 1606 56.8 -2.4 1606Q 56.8 -43 -2.4 -150 16.38 0 36.87 36.9 1011 116.75 155/101 982 20.6
BGR Energy Systems 10 U1603 72.2 191 3188 33.0 4.6 - 1.6 2.4 1603 845.6 28.0 - - 1 - - 75.00 0 3.63 100.0 819 113.50 139/89 2166 20.8
Carborundum Uni. 1 1603 18.8* 50 1299 116.3 6.2 1.50 0.1 12.3 1606 360.2 26.5 1606Q 360.2 25 26.5 7 43.81 1 35.08 18.4 5024 266.65 272/154 5073 42.6
Cummins India Lt 2 1603 55.4 114 4724 751.9 27.1 14.00 0.0 23.7 1606 1259.0 181.2 1606Q 1259.0 -4 181.2 -14 51.00 0 35.66 59.3 25006 902.10 1201/747 24916 34.5

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 33


Databank Updated Information Updated as on Aug 12, 2016

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*Dynamatic Techno 10 1603 6.3 433 431 1.3 2.0 - 1.1 0.5 1606 118.0 5.6 1606Q 118.0 16 5.6 155 51.12 49 26.30 9.9 1555 2451.40 3049/1482 1849 91.1
Esab India 10 1603 15.4 205 451 28.3 18.4 1.00 0.0 9.0 1606 116.3 8.6 1606Q 116.3 7 8.6 10 73.72 0 11.42 9.5 895 581.60 674/435 845 30.7
GKW L 10 U1603 6.0 170 14 11.1 18.6 - 0.0 10.9 1603 3.0 0.8 - - -12 - - 75.00 0 2.14 35.5 376 629.45 885/460 347 33.8
Greaves Cotton 2 U1603 48.8 42 1616 198.8 8.1 5.50 0.0 19.5 1606 444.8 38.5 1606Q 444.8 17 38.5 -11 51.00 0 36.30 42.0 3338 136.70 162/114 3304 17.2
Grindwell Norton 5 1603 55.4* 61 1158 101.5 9.2 6.50 0.0 15.1 1606 326.8 28.2 1606Q 326.8 13 28.2 10 59.02 0 17.08 13.0 3721 336.10XB 415/288 3604 35.8
*Hercules Hoists 1 1603 3.2 59 91 13.3 4.2 1.50 0.0 7.1 1606 20.3 2.6 1606Q 20.3 -5 2.6 -19 69.47 0 6.60 8.2 493 154.15 200/127 494 38.9
*Honeywell Automation 10 1603 8.8 1142 2188 138.5 156.7 10.00 0.0 13.7 1606 564.3 38.2 1606Q 564.3 10 38.2 3 74.99 0 15.47 10.5 8746 9891.75 10167/7751 8373 62.7
Ion Exchange (India) 10 U1603 14.7 174 800 34.5 23.5 3.00 0.2 13.5 1606 190.3 6.7 1606Q 190.3 17 6.7 53 44.36 0 1.17 13.6 477 325.30 394/222 508 13.0
Kennametal India 10 U1606 22.0 174 570 20.7 9.4 4.00 0.0 5.4 1606 154.8 7.2 - - 1 - - 75.00 0 15.11 5.8 1435 652.80 865/650 1340 69.2
Kirloskar Bros. 2 1603 15.9 101 1656 11.8 1.5 0.50 0.3 1.5 1606 376.2 -3.3 1606Q 376.2 2 -3.3 -145 65.37 0 11.17 18.2 1190 149.90 227/113 1424 -
*Kirloskar Industries 10 1603 9.7 753 5 60.3 62.1 20.00 0.0 8.2 1606 1.4 5.9 1606Q 1.4 80 5.9 -11 72.63 0 14.29 21.0 709 730.50 755/520 665 11.9
*Kirloskar Oil Engine 2 1603 28.9 100 2455 140.5 9.7 5.00 0.0 9.8 1606 664.6 58.8 1606Q 664.6 14 58.8 64 59.30 0 21.39 37.2 4150 286.95 348/199 4110 25.4
KSB Pumps Ltd. 10 1512 34.8 159 819 69.8 20.1 5.50 0.0 12.6 1606 203.6 16.0 1606H 414.2 6 31.4 10 66.40 0 18.29 11.6 2114 607.25 768/499 1890 29.1
*Nitin Fire Protectio 2 U1603 58.5 6 460 5.4 0.2 - 1.8 3.3 1606 79.3 -5.2 1606Q 79.3 -41 -5.2 -255 72.51 32 11.97 28.6 732 25.05 55/25 969 -
Orient Abrasives 1 U1603 12.0 15 286 23.6 2.0 0.25 0.2 13.2 1606 57.1 4.8 1606Q 57.1 5 4.8 -3 63.06 0 13.14 11.4 439 36.70 59/23 462 18.7
*Pennar Engineered Bu 10 U1603 34.3 47 447 30.2 8.8 - 0.3 18.6 1606 93.9 4.4 1606Q 93.9 14 4.4 15 62.57 29 24.12 4.7 616 179.80 198/127 651 20.1
*Siemens Ltd. 2 1509 71.2 144 10512 1183.3 33.2 10.00 0.0 23.1 1606 2620.4 130.0 1606N 7718.2 7 421.5 -56 74.99 0 14.07 119.4 46150 1295.90 1474/969 44054 72.0
*Skipper Ltd. 1 1603 10.2 37 1506 95.1 9.3 1.40 1.2 24.9 1606 285.9 13.7 1606Q 285.9 21 13.7 37 72.36 0 3.13 9.4 1619 158.25 220/116 2010 16.4
*Sterling Tools L 10 U1603 6.8 213 369 28.4 41.5 15.00 0.5 19.5 1606 95.2 9.4 1606Q 95.2 12 9.4 55 70.14 0 0.40 3.7 475 693.25 700/306 534 15.0
Swaraj Engines 10 1603 12.4 172 526 51.2 41.2 33.00 0.0 23.9 1606 171.7 19.0 1606Q 171.7 12 19.0 21 50.61 0 15.30 12.5 1403 1130.00 1294/762 1229 25.7
Thermax 2 1603 23.8 209 4352 305.5 25.6 6.00 0.0 12.3 1606 814.5 45.2 1606Q 814.5 -19 45.2 -27 61.98 0 25.63 30.3 10319 866.00 1061/691 10232 35.7
Va Tech Wabag Ltd. 2 1603 10.9 143 1513 117.4 21.5 4.00 0.3 15.0 1606 260.2 17.5 1606Q 260.2 1 17.5 5 28.93 0 52.08 52.4 3187 584.65 775/409 3302 26.9
Wendt India 10 1603 2.0 468 118 9.7 48.7 25.00 0.0 10.4 1606 30.8 2.5 1606Q 30.8 17 2.5 39 79.73 0 0.09 5.2 426 2131.75 2218/1627 426 40.9
*WPIL Ltd. 10 1603 9.8 235 212 17.2 17.6 2.00 0.3 7.5 1606 37.2 1.5 1606Q 37.2 6 1.5 -8 61.06 0 19.88 6.3 382 391.20 550/325 460 21.0
38 ENGINEERING - HEAVY
IND. COMPOSITE 1935 50755 427 25
Action Construction 2 U1603 23.5* 22 637 8.8 0.8 0.20 0.5 2.8 1606 153.9 3.0 1606Q 153.9 12 3.0 175 68.09 0 4.73 26.5 489 41.70 51/31 595 -
BEML Ltd. 10 U1603 41.6 511 2984 52.6 12.6 4.00 0.3 2.5 1603 1008.8 154.6 - - 29 - - 54.02 0 23.25 58.4 4133 992.45 1419/784 4580 78.5
Bharat Heavy Ele 2 U1603 489.5 136 25630 -913.4 -3.7 0.40 0.0 - 1603 10004.8 359.6 - - -11 - - 63.05 0 32.34 404.6 33850 138.30 264/90 24099 -
*Disa India Ltd. 10 1603 1.5 716 143 10.6 70.2 2.50 0.0 9.8 1606 30.4 1.7 1606Q 30.4 11 1.7 52 74.99 0 13.96 2.7 692 4580.00 5450/3555 625 61.8
Elecon Engg. 2 1603 21.8 49 519 43.2 4.0 1.10 0.5 8.0 1606 111.9 9.8 1606Q 111.9 15 9.8 174 57.33 26 9.45 47.8 612 56.15 93/43 893 12.4
*GMM Pfaudler Ltd 2 U1603 2.9 100 230 18.4 12.6 3.00 0.0 12.5 1606 57.1 5.1 1606Q 57.1 5 5.1 75 75.00 0 2.01 6.1 549 375.25 405/216 519 26.7
Inox Wind Ltd. 10 U1603 221.9 86 3880 481.3 21.7 - 0.6 25.1 1603 1525.1 179.3 - - 45 - - 85.61 0 6.43 47.9 4110 185.20 412/184 4246 8.5
ISGEC Heavy Eng 10 1603 7.4 1259 3879 174.0 236.6 20.00 0.3 18.8 1603 1124.8 50.0 - - 16 - - 62.26 0 3.64 9.5 3614 4914.85 6180/3551 3621 20.8
Lakshmi Machines 10 1603 11.3 1266 2528 219.9 195.2 40.00 0.0 15.4 1606 557.6 33.1 1606Q 557.6 -1 33.1 -24 28.34 0 30.16 25.1 4159 3691.05 4045/3050 3128 19.9
Praj Industries 2 1603 35.6* 37 824 66.7 3.7 1.62 0.0 10.2 1606 172.8 8.3 1606Q 172.8 19 8.3 282 33.88 0 25.93 98.6 1518 85.20 105/69 1459 20.8
Sanghvi Movers L 2 U1603 8.7 178 532 116.9 27.0 3.00 0.4 15.2 1606 138.5 25.2 1606Q 138.5 26 25.2 20 46.88 0 28.29 8.9 1139 263.05 396/255 1382 9.4
Stovec Indus. 10 1512 2.1 339 157 20.5 98.4 29.00 0.0 29.0 1606 40.4 4.7 1606H 87.4 23 10.7 8 71.06 0 0.09 7.4 432 2069.45 2580/1287 406 20.3
Suzlon Energy Ltd. 2 U1603 1004.1* -3 5939 46.8 0.1 - -5.4 - 1603 2334.8 -82.4 - - 94 - - 21.01 96 22.95 988.9 8309 16.55 26/13 17262 -
Techno Electric & En 2 1603 11.4 136 1033 124.7 21.8 5.00 0.2 16.0 1606 238.3 26.5 1606Q 238.3 30 26.5 56 57.97 0 25.86 3.9 3687 645.85CB 720/418 3770 27.5
Texmaco Rail & Engin 1 U1603 21.0* 43 728 21.6 1.0 0.25 0.1 2.4 1603 228.7 11.4 - - 70 - - 54.73 1 33.18 32.3 2134 101.45 155/90 2198 98.8
Titagarh Wagons Ltd. 2 U1603 23.1 55 311 6.3 0.5 0.80 0.0 1.0 1603 75.4 4.3 - - -9 - - 46.11 0 25.75 57.4 1122 97.20 166/84 1031 -
*Walchandnagar 2 U1603 7.6 31 802 -71.7 -12.6 - 1.9 - 1606 76.6 -8.1 1606Q 76.6 -35 -8.1 62 55.00 22 5.05 73.9 570 149.85 190/116 874 -
39 ENTERTAINMENT/MULTIMEDIA
IND. COMPOSITE 1998 20820 2469 37
*52 Weeks Ent. 10 U1603 34.9 5 0 1.0 0.3 - 0.8 5.8 1606 0.0 0.3 1606Q 0.0 - 0.3 75 9.43 75 1.02 0.7 938 269.00 269/122 951 -
*AdlabsEntertainment 10 1603 79.9 77 252 -90.7 -11.4 - 1.6 - 1606 85.9 -19.2 1606Q 85.9 1 -19.2 -30 56.97 52 12.87 11.0 680 85.05 152/68 1664 -
*Balaji Telefilms Ltd 2 1603 15.2 81 257 43.7 5.8 1.20 0.0 7.1 1606 53.6 5.8 1606Q 53.6 -23 5.8 28 40.91 0 36.39 17.4 711 93.65 150/69 707 15.8
Channel Nine Enterta 1 U1603 23.3 1 3 0.1 0.0 - 0.0 0.4 - - - - - - - - 20.58 0 0.00 1.0 671 28.80 36/18 670 -
Den Networks Ltd. 10 U1603 178.2 81 1060 -204.9 -11.5 - 0.2 - 1603 394.4 -81.7 - - 5 - - 40.04 8 45.17 9.6 1543 86.60 151/61 1194 -
Dish TV India Ltd. 1 U1603 106.6* -3 2228 419.9 3.9 - -0.2 - 1606 514.7 57.6 1606Q 514.7 1 57.6 -40 64.44 57 25.99 154.8 9412 88.30 121/65 9035 24.7
Entertainment Networ 10 1603 47.7 161 509 100.0 21.0 1.00 0.3 13.0 1606 110.8 16.5 1606Q 110.8 9 16.5 -36 71.15 0 18.88 12.6 3321 696.70 793/570 3552 36.6
Eros International M 10 U1603 93.6* 110 1179 113.2 12.1 - 0.4 11.0 1603 203.0 9.4 - - 33 - - 73.54 0 11.46 47.5 2044 218.35 594/126 2410 18.1
Hathway Cable & Data 2 U1603 166.1 12 1179 -171.3 -2.1 - 0.7 - 1603 339.9 -45.9 - - 11 - - 43.47 0 40.12 13.8 2583 31.10 49/30 3336 -
High Ground Enterpri 1 U1603 10.5 7 248 14.1 1.3 0.10 0.0 20.2 1603 80.7 7.3 - - 62 - - 48.60 3 0.00 3.8 379 36.25 117/33 379 15.0
*Inox Leisure 10 U1603 96.5 79 1333 77.6 8.0 - 0.3 10.2 1606 336.9 25.0 1606Q 336.9 8 25.0 11 48.69 0 30.68 35.2 2444 253.35 281/170 2646 32.5
Media Matrix Worldwi 1 U1603 113.3 1 3 0.4 0.0 - 0.0 0.2 1603 0.6 -0.1 - - 36 - - 60.71 5 0.00 3.1 1133 10.00 13/5 1130 -
NDTV 4 1603 25.8 49 429 -21.6 -3.4 - 0.3 - 1606 88.9 -25.4 1606Q 88.9 -1 -25.4 -74 61.44 0 4.69 46.2 512 79.35 124/63 603 -
*Ortel Communications 10 1603 30.4 46 188 11.9 3.9 - 0.9 8.6 1606 52.4 0.9 1606Q 52.4 29 0.9 -65 51.70 0 31.37 1.5 496 163.45 231/154 597 48.0
Prime Focus 1 U1603 29.9 35 119 8.4 0.4 - 0.4 0.8 1606 39.5 4.2 1606Q 39.5 11 4.2 132 35.00 66 10.65 10.0 2043 68.35 73/39 2473 -
*PVR Ltd. 10 U1603 46.7 111 1744 114.1 24.4 2.00 1.7 22.0 1606 536.3 44.7 1606Q 536.3 16 44.7 -21 25.25 0 60.22 30.0 5622 1203.35 1252/646 6288 55.0
*Saregama India Ltd. 10 1603 17.4 92 215 7.5 4.3 1.50 0.0 4.0 1606 48.3 1.8 1606Q 48.3 -7 1.8 -33 59.13 0 0.05 16.2 404 232.00 469/199 380 60.4
Shemaroo Entertainme 10 U1603 27.2 139 375 55.4 20.4 1.40 0.3 14.7 1606 95.1 16.6 1606Q 95.1 22 16.6 38 65.82 0 15.06 8.0 879 323.50 375/202 983 14.7
SITI Cable Network L 1 U1603 79.4 2 877 -23.2 -0.3 - 5.3 - 1603 272.0 26.4 - - 52 - - 70.98 54 19.23 106.6 3006 37.85 42/28 3549 -
Sri Adhikari Bro 10 U1603 34.9 68 108 0.2 0.1 0.60 0.3 0.1 1603 25.4 0.7 - - 56 - - 45.76 80 0.58 7.4 930 266.00 414/239 987 95.7
Sun TV Network Ltd. 5 U1603 197.0 108 2404 867.3 22.0 15.50 0.0 20.4 1603 570.7 236.0 - - 8 - - 74.99 5 19.40 34.5 18047 457.95 484/293 17357 20.8
TV Today Network Ltd 5 U1603 29.8 91 546 94.3 15.8 1.75 0.0 17.3 1603 142.2 15.1 - - 6 - - 57.41 0 11.88 24.4 1745 292.60 351/186 1658 18.5
TV18 Broadcast 2 U1603 342.9 21 626 122.9 0.7 - 0.1 3.4 1606 131.8 -0.5 1606Q 131.8 4 -0.5 -105 60.40 0 16.59 84.5 6686 39.00 49/29 6889 -
*UFO Moviez India Ltd 10 U1603 27.6 163 350 51.0 18.5 8.00 0.1 11.4 1606 88.5 8.0 1606Q 88.5 8 8.0 -2 28.86 0 51.44 24.2 1418 513.60 640/380 1438 27.9
Zee Entertainment En 1 1603 96.0 31 4207 859.3 8.9 2.25 0.7 28.4 1606 1178.5 170.4 1606Q 1178.5 21 170.4 24 43.07 39 51.23 89.4 48575 505.75 517/347 48190 58.8
Zee Media Corp 1 1603 47.1 13 384 18.7 0.4 0.15 0.2 3.1 1603 95.1 14.1 - - 3 - - 69.11 56 6.06 98.7 1095 23.25 28/16 1140 -
40 FAST MOVING CONSUMER G OODS
IND. COMPOSITE 2546 145236 21188 44
Bajaj Corp Ltd. 1 1603 14.8 33 869 197.9 13.4 11.50 0.0 40.8 1606 204.3 52.2 1606Q 204.3 -7 52.2 10 66.86 48 26.87 22.9 5780 391.85 522/356 5738 28.5
Britannia Ind. 2 1603 24.0 142 7948 749.1 62.4 20.00 0.0 44.1 1606 2040.8 210.4 1606Q 2040.8 10 210.4 23 50.73 0 27.55 84.0 39485 3291.10 3435/2507 39464 49.4
*Colgate Palm. 1 1603 27.2 37 4162 576.5 21.2 10.00 0.0 56.5 1606 1149.1 125.7 1606Q 1149.1 14 125.7 10 50.99 0 24.60 179.1 26002 956.00XB 1033/788 25714 44.2

34 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*Dabur India 1 1603 176.1 16 5750 939.5 5.3 2.25 0.0 32.7 1606 1278.9 198.4 1606Q 1278.9 0 198.4 14 68.02 0 25.29 131.0 52096 295.75 320/231 52129 54.2
DFM Foods Limi 10 1603 10.0 65 390 25.0 25.0 5.00 0.7 38.6 1606 75.3 2.6 1606Q 75.3 11 2.6 23 38.34 0 16.43 6.4 2134 2134.05 2433/471 2167 83.6
*Emami Ltd. 1 1603 22.7 60 2392 327.7 14.4 7.00 0.5 24.3 1606 593.4 49.2 1606Q 593.4 20 49.2 -42 72.73 29 17.32 37.8 25706 1132.60 1338/901 26294 87.3
Gillette India Ltd. 10 1506 32.6 228 1875 158.1 48.5 15.00 0.0 21.3 1603 553.2 80.8 1603N 1543.3 8 166.1 95 74.99 0 9.66 23.9 15525 4764.50 5434/3805 15344 65.0
*GlaxoSmithKlineConsu 10 1603 42.1 582 4309 686.9 163.3 70.00 0.0 28.1 1606 1059.4 160.6 1606Q 1059.4 -1 160.6 3 72.45 0 12.43 34.9 27136 6452.35 6800/5367 24423 39.2
Godfrey Philips 2 U1603 10.4 280 2412 165.0 31.7 8.00 0.2 11.3 1603 696.5 47.7 - - -5 - - 72.05 0 13.05 20.2 6326 1216.75 1660/521 6508 38.3
*Godrej Consumer Prod 1 1603 34.1* 112 4812 739.7 21.7 5.75 0.0 19.3 1606 1064.0 151.6 1606Q 1064.0 -4 151.6 12 63.28 0 30.68 82.0 52725 1548.00 1676/1120 52578 69.8
Godrej Industries Lt 1 1603 33.6 52 1310 157.3 4.7 1.75 1.3 8.9 1606 331.5 -33.8 1606Q 331.5 1 -33.8 -309 74.77 0 17.95 46.1 13550 403.10 450/290 15869 1 26.3
Hatsun Agro Prod 1 1603 15.2* 19 3445 60.5 4.0 4.00 2.3 21.4 1606 1034.3 29.1 1606Q 1034.3 19 29.1 1 74.71 7 3.26 6.2 4998 328.45XB 406/258 5488 82.1
Heritage Foods 10 1603 23.2 103 2381 55.4 23.9 3.00 0.4 23.1 1606 634.2 16.5 1606Q 634.2 10 16.5 54 39.90 0 9.39 16.2 1482 638.75 678/340 1542 24.2
Hindustan Unilever L 1 1603 216.4 17 31987 4082.4 18.9 16.00 0.0 110.7 1606 8128.2 1173.9 1606Q 8128.2 0 1173.9 11 67.20 0 19.01 330.8 201416 930.65 949/765 2 00351 4 8.0
ITC Ltd. 1 1603 1209.0* 27 36837 9844.7 8.1 8.50 0.0 29.9 1606 13253.1 2384.7 1606Q 13253.1 8 2384.7 10 0.00 0 55.51 523.1 306553 253.55XB 262/179 3 00018 3 1.1
*Jubilant Foodworks L 10 1603 65.8* 117 2410 114.6 17.4 2.50 0.0 14.9 1603 618.0 29.5 - - 17 - - 45.04 42 43.81 30.1 7801 1184.95 1845/897 7770 68.1
Jyothy Laboratories 1 1603 18.1 57 1575 162.4 9.0 5.00 0.0 15.7 1606 422.4 50.9 1606Q 422.4 6 50.9 9 66.85 30 23.01 80.0 5166 285.25 338/253 5117 31.0
*Kaya L 10 1603 12.9* 148 185 -8.6 -6.7 - 0.0 - 1606 47.4 -4.2 1606Q 47.4 14 -4.2 -75 60.61 0 10.29 29.9 918 709.35 1540/688 917 -
Kothari Products 10 U1603 29.8* 248 4642 51.5 17.2 3.00 0.2 6.9 1603 1402.1 8.2 - - 0 - - 74.99 0 0.02 8.6 471 157.90XB 272/127 556 9.2
Kwality 1 U1603 23.4 31 5724 144.2 6.2 0.10 1.8 19.6 1603 1439.0 33.4 - - 10 - - 64.94 41 1.44 31.3 2709 115.65 154/62 3766 18.8
Marico Ltd. 1 1603 129.0 20 4947 701.9 5.4 4.25 0.0 27.0 1606 1454.4 234.9 1606Q 1454.4 -1 234.9 25 59.67 0 32.15 54.6 38357 297.30XB 307/190 38248 51.2
Nestle India 10 1512 96.4 292 8175 563.3 58.4 48.50 0.0 20.0 1606 2271.7 230.8 1606H 4574.1 2 489.8 91 62.76 0 20.21 78.7 66194 6865.45 7390/4990 65712 83.0
P&G Hygiene&Health 10 1506 32.5 379 2334 346.1 106.6 30.25 0.0 28.2 1603 613.8 97.3 1603N 1926.1 8 313.8 31 70.63 0 13.03 28.6 22105 6809.90 6936/5171 21487 52.5
*Parag Milk Foods 10 U1603 84.1 30 1623 52.5 6.2 - 3.2 20.6 1606 377.3 11.9 1606Q 377.3 2 11.9 81 47.48 0 31.23 8.5 2719 323.20 357/202 3143 -
Prabhat Dairy 10 U1603 97.7 28 1000 9.4 1.0 0.40 0.6 3.5 1603 254.0 1.7 - - 18 - - 44.23 0 31.59 7.9 828 84.80 168/72 948 -
*Tasty Bite 10 U1603 2.6 235 208 16.1 62.8 2.00 0.9 26.7 1606 58.9 5.6 1606Q 58.9 52 5.6 154 74.23 0 0.05 2.2 765 2980.00 3195/783 797 39.2
*Vadilal Indus. 10 U1603 7.2 95 444 14.4 20.0 1.25 2.3 11.1 1606 196.2 23.1 1606Q 196.2 7 23.1 8 65.16 0 0.19 12.6 421 585.50 771/400 541 26.2
*VST Industries 10 1603 15.4 238 883 153.1 99.2 70.00 0.0 41.3 1606 254.4 41.6 1606Q 254.4 33 41.6 35 32.15 0 24.11 14.0 3174 2055.20 2081/1400 3152 19.4
*Zydus Wellness Ltd. 10 1603 39.1 122 208 101.7 26.0 6.50 0.0 21.3 1606 48.6 23.5 1606Q 48.6 13 23.5 20 72.54 0 12.95 36.4 3339 854.65 920/632 3106 31.6
41 FERRO ALLOYS
IND. COMPOSITE 51 1151 102 33
Maithan Alloys Ltd. 10 1603 29.1 136 1151 79.0 27.1 2.00 0.3 20.0 1606 255.4 18.3 1606Q 255.4 36 18.3 133 71.86 0 0.00 4.5 858 294.75 435/72 903 9.6
Star Ferro & Cement 1 U1603 22.2 2 0 22.7 1.0 1.00 0.0 43.0 1606 0.0 -0.3 1606Q 0.0 -14 -0.3 -101 66.64 0 0.11 12.5 2486 111.90 153/96 2486 -
42 FERTILISERS
IND. COMPOSITE 2882 66825 513 14
Chambal Fertilis 10 U1603 416.2 58 9536 86.3 2.1 1.90 1.6 3.6 1606 1908.3 140.7 1606Q 1908.3 -22 140.7 -4 57.34 7 20.84 152.7 2739 65.80 73/51 6378 32.1
Coromandel Internati 1 1603 29.1 82 11500 361.4 12.4 4.00 0.9 15.2 1606 2056.7 7.8 1606Q 2056.7 -5 7.8 -42 62.07 0 11.71 58.7 7534 258.50 274/146 9569 21.2
Deepak Fertilisers 10 1603 88.2 181 4259 121.1 13.7 5.00 1.2 7.6 1606 1044.9 34.7 1606Q 1044.9 -3 34.7 -23 51.07 0 16.99 102.0 1458 165.30 178/121 3123 13.2
Fertilisers & Ch 10 U1603 647.1 -20 1759 -452.2 -7.0 - -1.1 - 1603 257.1 -153.9 - - -1 - - 89.99 0 8.56 15.8 1491 23.05 29/16 2356 -
*GSFC 2 U1603 79.7 122 6163 379.4 9.5 2.20 0.2 7.8 1606 1082.1 46.3 1606Q 1082.1 -0 46.3 -54 37.84 0 34.24 113.8 2817 70.70 87/58 3165 8.7
Gujarat Narmada Vall 10 U1603 155.4 174 4548 226.4 14.6 2.00 1.7 8.4 1606 963.0 50.6 1606Q 963.0 -2 50.6 559 41.20 0 28.02 239.5 2264 145.70 177/50 6549 7.9
Mangalore Chem. 10 U1603 118.5 29 3000 -240.1 -20.3 - 1.8 - 1603 752.3 -5.8 - - 18 - - 74.99 53 1.28 56.9 548 46.25 62/35 1570 -
Nagarjuna Fertilizer 1 1503 59.8 29 2532 -366.6 -6.1 - 0.7 - 1512 1184.9 32.2 1512N 2860.4 76 -39.0 86 57.13 77 3.19 473.5 591 9.89 17/10 1705 -
National Fertilizers 10 U1603 490.6 34 7776 197.1 4.0 1.21 6.9 11.7 1603 1641.7 31.4 - - -12 - - 89.71 0 0.45 50.6 1612 32.85 38/20 11767 8.2
Rashtriya Chemicals 10 U1603 551.7 53 8649 191.2 3.5 1.10 0.7 6.6 1603 2077.7 36.6 - - 16 - - 80.00 0 7.61 93.7 2645 47.95 55/35 4444 13.8
SPIC 10 U1603 203.6 11 1838 24.8 1.2 - 0.6 10.6 1603 425.7 1.6 - - -12 - - 41.12 0 4.54 74.9 413 20.30 27/15 524 16.7
Zuari Agro Chemicals 10 U1603 42.1 187 5264 -15.9 -3.8 - 3.0 - 1603 1273.6 -22.6 - - 0 - - 73.84 5 14.60 33.1 715 170.00 210/118 3096 -
43 FINANCE - BANKS - P R IV ATE SECTOR
IND. COMPOSITE 9018 238092 40447 22
Axis Bank Ltd. 2 1603 477.6* 223 40988 8223.7 34.4 5.00 6.7 15.5 1606 11113.9 1555.5 1606Q 11113.9 12 1555.5 -21 29.75 0 57.19 457.0 141074 590.75 593/367 118713 18.1
City Union Bank 1 1603 59.9* 51 2944 444.7 7.4 1.20 8.9 14.6 1606 772.2 123.5 1606Q 772.2 9 123.5 11 0.00 0 48.30 84.7 7631 127.35 137/77 6269 16.7
DCB Bank 10 1603 284.7* 61 1698 194.5 6.8 - 8.6 10.9 1606 470.6 47.0 1606Q 470.6 16 47.0 0 16.23 0 37.68 197.5 3218 113.05 145/69 2515 16.5
Dhanlaxmi Bank 10 U1603 177.4 29 1204 -209.4 -11.8 - 17.1 - 1606 281.1 5.7 1606Q 281.1 -12 5.7 125 0.00 0 20.40 86.0 420 23.65 32/17 -250 -
*Federal Bank 2 1603 343.9* 47 7745 475.6 2.8 0.70 9.8 5.9 1606 2013.8 167.3 1606Q 2013.8 5 167.3 18 0.00 0 43.97 152.6 10946 63.65 68/41 7171 21.8
HDFC Bank 2 1603 507.7* 286 60221 12296.2 48.4 9.50 7.5 16.9 1606 16516.0 3238.9 1606Q 16516.0 18 3238.9 20 26.34 0 53.37 457.8 311811 1228.35 1259/929 2 81752 2 4.3
*ICICI Bank 2 1603 1163.5* 149 52739 9726.3 16.7 5.00 4.8 10.8 1606 13330.3 2232.3 1606Q 13330.3 4 2232.3 -25 0.00 0 65.46 988.7 143079 245.95 307/181 115972 15.9
IDFC Bank 10 1603 3394.8 40 3649 466.9 1.4 0.25 0.6 3.4 1606 1975.5 264.8 1606Q 1975.5 - 264.8 2 188220 52.94 0 29.42 502.8 17959 52.90 73/43 16058 24.5
IndusInd Bank 10 1603 596.2* 290 11581 2286.5 38.3 4.50 5.4 12.9 1606 3291.7 661.4 1606Q 3291.7 21 661.4 26 16.69 0 62.02 110.7 69932 1172.90 1211/799 65411 28.9
*Jammu & Kashmir Bank 1 1603 48.5 133 6844 416.0 8.6 1.75 10.8 6.5 1606 1672.3 22.9 1606Q 1672.3 -5 22.9 -86 53.16 0 28.91 77.0 3260 67.25 108/56 133 11.6
Karnataka Bank 10 1603 188.5* 196 4992 415.3 22.0 5.00 13.7 11.3 1606 1260.6 121.5 1606Q 1260.6 3 121.5 11 0.00 0 29.43 123.2 2684 142.40 159/85 38 6.3
Karur Vysya Bank 10 1603 121.9 375 5443 567.6 46.6 14.00 11.0 12.4 1606 1385.0 146.3 1606Q 1385.0 2 146.3 9 2.16 9 43.99 78.6 5918 485.65 541/394 3389 10.2
*Kotak Mahindra Bank 5 1603 918.0* 130 16384 2089.8 11.4 0.50 5.8 8.7 1606 4386.9 742.0 1606Q 4386.9 10 742.0 291 33.67 0 40.68 143.9 139941 762.20 790/587 1 33038 5 3.0
Lakshmi Vilas Ba 10 1603 179.5 89 2568 180.2 10.0 3.00 16.0 10.2 1606 685.7 60.7 1606Q 685.7 12 60.7 51 9.65 39 8.05 64.0 2570 143.20 148/64 1283 12.8
South Indian Ban 1 1603 135.1* 27 5557 333.3 2.5 0.50 15.0 8.7 1606 1447.2 95.1 1606Q 1447.2 5 95.1 46 0.00 0 51.47 273.8 2884 21.35 24/16 407 7.9
YES Bank Ltd. 10 1603 421.2* 327 13533 2539.4 60.3 10.00 8.1 18.4 1606 3862.3 731.8 1606Q 3862.3 19 731.8 33 21.88 4 66.12 187.0 54379 1291.00 1294/590 48603 20.0
44 FINANCE - BANKS - P UBL IC SECTOR
IND. COMPOSITE 18545 665421 -18088 16
*Allahabad Bank 10 1603 723.0 159 18885 -743.3 -10.3 - 17.6 - 1606 4570.5 -565.0 1606Q 4570.5 -7 -565.0 -485 67.21 0 21.22 217.9 5466 75.60 99/40 -4005 -
Andhra Bank 10 1603 681.2 161 17635 539.8 7.9 0.50 15.9 4.9 1606 4372.0 31.1 1606Q 4372.0 4 31.1 -85 61.26 0 22.67 229.3 3808 55.90 82/42 -4983 10.3
*Bank of Baroda 2 1603 462.1* 172 44061 -5395.5 -23.4 - 14.3 - 1606 10433.5 423.6 1606Q 10433.5 -7 423.6 -60 59.23 0 33.79 294.1 34507 149.35 216/109 12834 -
*Bank of India 10 1603 934.0 333 41796 -6089.2 -65.2 - 16.5 - 1606 9425.9 -741.4 1606Q 9425.9 -13 -741.4 -672 70.32 0 21.17 296.8 10648 114.00 188/79 - 23314 -
*Bank of Maharash 10 1603 1168.3 64 13053 100.7 0.9 - 18.6 1.1 1606 3156.3 -397.4 1606Q 3156.3 -5 -397.4 -769 81.61 0 13.39 174.9 3709 31.75 38/27 -4673 -
Canara Bank 10 1603 543.0 482 44022 -2812.8 -51.8 - 18.3 - 1606 10201.7 228.9 1606Q 10201.7 -8 228.9 -52 66.29 0 25.77 172.3 13892 255.85 360/156 -6772 -
Central Bank 10 1603 1761.2 82 25888 -1418.2 -8.1 - 18.5 - 1606 6168.3 -599.8 1606Q 6168.3 -8 -599.8 -395 80.75 0 14.61 145.3 17128 97.25 112/48 3058 -
*Corporation Bank 2 1603 204.5 105 19411 -506.5 -5.0 - 19.2 - 1606 4723.7 35.9 1606Q 4723.7 -4 35.9 -82 67.20 0 26.49 75.8 4146 40.55 56/31 -5941 -
*Dena Bank 10 1603 666.9 107 10646 -935.3 -14.0 - 16.4 - 1606 2686.3 -279.4 1606Q 2686.3 -3 -279.4 -1943 62.88 0 22.09 226.9 2491 37.35 48/26 -2858 -
IDBI Bank Ltd. 10 1603 2058.8 107 28043 -3664.8 -17.8 - 12.0 - 1606 73.0 2.4 1606Q 73.0 -99 2.4 -98 73.98 0 18.60 413.2 14113 68.55 96/47 290 -
Indian Bank 10 1603 480.3 281 16244 711.4 14.8 1.50 13.2 4.4 1606 4071.3 307.4 1606Q 4071.3 -1 307.4 43 82.10 0 14.09 69.6 9820 204.45 214/76 645 12.2
Indian Overseas 10 1603 1899.0* 70 23517 -2897.3 -15.3 - 16.9 - 1606 5215.5 -1450.5 1606Q 5215.5 -15 -1450.5 -9927 77.31 0 15.72 252.0 4985 26.25 41/21 -9049 -

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 35


Databank Updated Information Updated as on Aug 12, 2016

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Oriental Bank of 10 1603 346.2 389 20059 156.1 4.5 0.70 15.6 1.0 1606 4778.9 100.7 1606Q 4778.9 -7 100.7 -61 58.37 0 29.55 137.3 3939 113.80 184/75 -5493 -
*Punj. & Sind Ban 10 1603 400.4 149 8744 336.0 8.4 1.65 15.3 5.6 1606 2153.9 53.4 1606Q 2153.9 -4 53.4 24 79.62 0 12.31 141.1 2048 51.15 54/32 -1774 5.9
Punj. NationlBak 2 1603 392.7 181 47424 -3974.4 -20.2 - 15.6 - 1606 11574.9 306.4 1606Q 11574.9 -4 306.4 -57 62.08 0 31.14 396.3 24113 122.80 181/69 -2366 -
SBI 1 1603 776.3 186 1 63685 9950.7 12.8 2.60 12.0 6.9 1606 41593.5 2521.0 1606Q 41593.5 5 2521.0 -32 61.32 0 28.36 1 609.3 188791 243.20 288/148 59161 21.5
State Bank Of Bi 10 1603 70.0 963 9592 850.6 121.5 14.30 13.9 12.6 1606 2447.1 -221.6 1606Q 2447.1 1 -221.6 -182 75.07 0 9.94 60.1 4552 650.35 750/444 -5163 12.7
State Bank Of My 10 1603 48.0 973 7128 357.8 74.5 6.00 15.1 6.8 1606 1764.1 -471.9 1606Q 1764.1 -2 -471.9 -602 90.00 0 3.00 28.2 3018 628.50 746/350 -648 -
StateBnkOfTravan 10 1603 71.1 847 9609 337.7 47.5 5.00 16.8 5.6 1606 2352.4 -742.9 1606Q 2352.4 -2 -742.9 -1014 79.08 0 2.20 61.6 3660 514.80 598/360 -1663 -
*Syndicate Bank 10 1603 798.5* 154 23198 -1643.5 -20.6 - 24.4 - 1606 5864.6 79.1 1606Q 5864.6 1 79.1 -74 65.17 0 21.26 261.0 5801 72.65 107/49 -7537 -
UCO Bank 10 1603 1301.1* 93 18561 -2799.3 -21.5 - 22.5 - 1606 4189.6 -440.6 1606Q 4189.6 -11 -440.6 -272 72.82 0 17.51 319.0 5289 40.65 57/28 -2661 -
Union Bank of In 10 1603 687.4 295 32199 1351.6 19.7 1.95 16.9 5.9 1606 7876.6 166.3 1606Q 7876.6 -5 166.3 -68 63.43 0 25.17 243.8 8885 129.25 222/104 -6720 8.9
United Bank of I 10 1603 1072.0 48 9937 -282.0 -2.6 - 23.7 - 1606 2429.3 38.3 1606Q 2429.3 -4 38.3 -27 85.90 0 9.53 84.5 2348 21.90 25/16 -3723 -
Vijaya Bank 10 1603 998.8 66 12084 381.8 3.8 - 19.2 5.1 1606 3059.6 161.7 1606Q 3059.6 -1 161.7 13 70.33 0 16.67 271.1 3776 37.80 46/29 -2493 9.4
45 FINANCE - HOUSING
IND. COMPOSITE 925 54727 10158 27
Can Fin Homes 10 1603 26.6* 330 1083 157.1 59.0 10.00 9.8 17.9 1606 309.6 49.7 1606Q 309.6 28 49.7 55 43.45 0 0.79 30.3 3787 1421.95 1450/683 12395 21.7
Dewan Housing 10 1603 291.8 168 7312 729.2 25.0 8.00 10.5 14.9 1606 1958.3 201.4 1606Q 1958.3 19 201.4 16 34.89 0 34.78 89.3 7738 265.20XB 269/141 55886 10.2
GIC Housing Fi 10 1603 53.9 136 874 124.5 23.1 5.00 8.4 17.0 1606 234.9 32.3 1606Q 234.9 15 32.3 14 42.24 0 15.82 36.8 1605 298.00 338/161 7682 12.5
GRUH Finance Li 2 1603 72.7 23 1275 243.6 6.7 2.30 10.4 29.2 1606 350.1 60.2 1606Q 350.1 19 60.2 20 58.58 0 17.97 41.8 11278 310.10 313/219 19873 44.5
HDFC 2 1603 316.4* 215 30905 7093.1 44.8 17.00 4.4 20.8 1606 8382.3 1870.7 1606Q 8382.3 19 1870.7 37 0.00 0 87.77 219.2 218102 1378.60 1410/1012 3 63484 2 8.7
LIC Housing Fi 2 U1603 100.9 188 12396 1660.8 32.9 5.50 10.6 17.5 1606 3359.7 407.8 1606Q 3359.7 14 407.8 7 40.31 0 32.20 167.7 27938 553.60 558/389 1 08222 1 6.6
Repco Home Finance L 10 U1603 62.6* 154 881 150.1 24.0 1.80 5.4 15.6 1606 246.8 39.5 1606Q 246.8 23 39.5 31 37.13 0 49.05 16.8 5138 821.45 870/552 9485 32.2
46 FINANCE - OTHERS
IND. COMPOSITE 13361 123885 2 4617 18
Alankit 2 1603 7.1 9 30 3.5 1.0 0.40 0.0 10.5 1603 14.5 1.9 - - 490 - - 23.61 0 0.02 2.2 465 130.00 165/40 459 -
Alps Motor Finance 1 U1603 10.0 1 1 0.0 0.0 - 0.4 0.3 1603 0.3 0.0 - - -46 - - 7.20 0 0.00 0.5 456 45.40 54/39 461 -
Bajaj Finance L 10 1603 53.9 1360 7304 1278.5 237.3 25.00 5.1 17.4 1606 2286.4 424.0 1606Q 2286.4 39 424.0 54 57.34 0 25.12 43.4 54610 1 0136.90CB 11760/4678 90305 38.3
Bajaj Finserv Ltd. 5 1603 79.6 169 242 163.1 10.3 1.75 0.0 6.0 1606 40.6 16.7 1606Q 40.6 11 16.7 23 58.36 0 14.63 56.4 44071 2769.50 2950/1576 43846 2 65.2
Bajaj Holdings & Inv 10 1603 111.3 611 1395 1270.5 114.2 32.50 0.0 18.7 1606 116.9 85.7 1606Q 116.9 -28 85.7 -30 42.35 0 24.38 43.5 20363 1829.65 1898/1311 18941 16.5
*Balmer Lawrie Invest 10 U1603 22.2 53 32 35.6 16.0 12.50 0.0 30.0 1606 0.0 0.8 1606Q 0.0 0 0.8 -18 59.67 0 6.79 12.5 727 327.45 333/230 650 20.5
*Bengal & Assam Compa 10 U1603 8.7 416 42 23.0 26.5 10.00 0.4 6.3 1606 5.8 0.5 1606Q 5.8 38 0.5 -10 73.96 0 3.30 32.3 790 909.85 970/410 921 34.5
BF Investment Ltd. 5 U1603 18.8 187 3 21.5 5.7 - 0.0 3.0 1606 0.8 0.6 1606Q 0.8 8 0.6 16 72.70 0 2.03 23.9 474 125.75 175/85 454 21.9
Bharat Financial Inc 10 1603 127.6* 108 1169 303.0 23.7 - 2.1 21.9 1606 369.0 235.9 1606Q 369.0 53 235.9 286 2.06 0 80.77 51.8 10355 811.60 939/369 11502 21.7
Capital First 10 1603 92.3* 180 1845 156.9 17.0 2.40 5.2 9.4 1606 601.4 45.2 1606Q 601.4 55 45.2 46 65.10 0 15.10 116.9 6259 678.45 796/321 13871 36.6
Capital Trust Lt 10 U1603 14.7* 18 61 20.2 13.8 1.50 4.2 77.5 1606 23.6 9.1 1606Q 23.6 95 9.1 156 62.65 0 0.00 6.4 778 530.20 566/160 828 30.1
Capri Global Capital 10 1603 35.1* 310 210 41.2 11.8 1.50 0.1 3.8 1606 48.6 16.0 1606Q 48.6 9 16.0 -26 73.91 0 9.36 2.7 584 166.50 215/111 680 16.5
Centrum Capital 1 U1603 41.6 6 51 6.1 0.2 - 0.5 2.3 1606 18.8 1.6 1606Q 18.8 7 1.6 -25 32.25 34 0.00 0.7 957 23.00 25/7 1090 -
Cholamandalam Invest 10 1603 156.2* 234 4192 568.5 36.4 4.50 6.2 15.5 1606 1108.5 165.7 1606Q 1108.5 12 165.7 50 53.12 0 38.79 20.8 17122 1096.10 1190/570 39208 27.4
Edelweiss Fin. Ser 1 1603 82.5* 19 335 155.6 1.9 1.25 0.4 9.7 1606 92.9 11.5 1606Q 92.9 24 11.5 -61 37.34 48 30.85 116.0 8225 99.65 115/44 8875 59.8
Equitas Holdings Ltd 10 1603 336.8* 31 8 2.1 0.1 - 0.0 0.2 1606 2.2 0.3 1606Q 2.2 - 0.3 - 0.00 0 77.42 89.5 5862 174.05 206/134 5796 -
*Fortune Financia 10 1603 51.0* 82 3 0.1 0.0 - 0.0 0.0 1606 2.4 0.6 1606Q 2.4 308 0.6 99 73.84 0 4.90 1.8 1362 267.00 295/106 1367 -
Geojit BNP Paribas 1 1603 23.5* 15 217 35.6 1.5 1.00 0.0 10.0 1606 55.3 9.4 1606Q 55.3 2 9.4 -1 62.70 0 5.35 31.9 958 40.75 46/27 817 27.0
Goldline Intl. 10 U1603 52.1 10 4 0.3 0.1 - 0.0 0.6 1603 2.3 -0.0 - - 43 - - 6.36 0 0.00 5.3 1504 288.60 420/130 1503 -
IDFC L 10 1603 1595.9 60 224 -1162.1 -7.3 - 0.0 - 1606 16.7 5.3 1606Q 16.7 -99 5.3 -98 0.00 0 64.46 495.5 9065 56.80 147/35 8838 -
IFCI Ltd. 10 U1603 1662.0 38 3819 337.4 2.0 1.00 3.8 4.7 1606 822.0 -110.3 1606Q 822.0 -7 -110.3 -209 55.53 0 22.62 641.9 4396 26.45 30/18 26183 -
IIFL Holdings 2 1603 63.4* 47 211 172.0 5.4 4.25 0.0 11.7 1606 4.6 0.8 1606Q 4.6 -91 0.8 -98 29.16 0 27.75 20.7 9045 285.55 312/164 9092 67.5
*IL&FS Investment Man 2 1603 62.8 4 102 49.1 1.6 1.20 0.0 39.7 1606 15.8 7.1 1606Q 15.8 -35 7.1 -35 50.41 100 4.54 34.9 463 14.75 22/13 445 10.2
Indiabulls Housing F 2 U1603 84.4* 154 7933 2294.1 54.4 45.00 6.0 35.3 1606 2307.5 626.5 1606Q 2307.5 31 626.5 25 24.37 12 61.72 67.6 33665 797.95 814/551 69497 13.9
Indiabulls Ventures 2 U1603 58.6* 9 76 16.9 0.6 3.00 1.7 6.7 1606 17.8 20.9 1606Q 17.8 -10 20.9 211 33.62 0 0.28 98.9 813 27.75 37/13 594 26.2
*JM Financial Ltd. 1 1603 79.0* 21 35 112.3 1.4 1.45 0.3 6.8 1606 19.9 7.6 1606Q 19.9 -78 7.6 -90 65.62 0 17.21 36.5 5243 66.35 78/33 5657 -
*JSW Holdings 10 1603 11.1 718 50 36.6 33.0 - 0.0 4.6 1606 9.0 6.1 1606Q 9.0 23 6.1 18 61.41 0 20.85 23.9 1373 1236.55 1394/661 1361 36.6
Kalyani Investment 10 1603 4.4 777 1 26.4 60.5 - 0.0 7.8 1606 0.0 1.0 1606Q 0.0 27 1.0 -18 68.65 0 2.49 18.8 502 1149.00 2450/1022 501 19.2
Kama Holdings Ltd. 10 U1603 6.5 759 30 29.5 45.7 15.00 0.0 6.0 1606 0.0 -0.2 1606Q 0.0 0 -0.2 6 74.99 0 0.29 6.2 1362 2111.10 2285/1140 1362 46.2
L&T Finance Holdings 10 1603 1754.1* 22 349 378.0 2.2 0.80 0.5 9.8 1606 13.1 2.9 1606Q 13.1 8 2.9 -87 66.71 0 10.63 447.6 15831 90.25 93/48 16388 44.1
M&M Fin.Services 2 1603 113.8 107 5853 672.6 11.8 4.00 3.6 11.0 1606 1366.4 87.0 1606Q 1366.4 0 87.0 -2 51.93 0 43.21 54.2 18539 325.95 364/173 39628 27.6
Magma Fincorp Ltd. 2 U1603 47.4 67 2110 187.1 7.9 0.80 6.1 11.8 1603 536.3 56.1 - - 6 - - 26.99 0 63.92 15.8 2559 108.05 116/67 10319 13.7
*Mahanivesh (Ind) 10 U1603 10.0 25 50 0.0 0.0 - 0.0 0.0 1606 12.6 0.0 1606Q 12.6 0 0.0 -89 17.21 0 0.00 0.2 490 490.00 700/175 490 -
*Manappuram Finance 2 1603 168.3* 33 2213 337.2 4.0 1.80 2.9 12.3 1606 674.0 149.2 1606Q 674.0 31 149.2 167 34.36 3 40.81 64.9 7246 86.10 92/20 14636 16.8
*Max Financial Servic 2 U1603 53.4 134 201 115.2 4.3 3.60 0.0 3.2 1606 131.7 107.1 1606Q 131.7 189 107.1 336 30.44 51 59.55 47.8 13526 506.55 618/303 13462 63.4
Meenakshi Enterprise 10 U1603 12.4 10 2 -0.7 -0.5 - 0.0 - 1603 1.4 -0.8 - - -76 - - 2.47 0 0.00 0.5 376 303.60 305/201 376 -
Monotype India 1 U1603 70.3 1 18 1.4 0.0 - 1.4 1.9 1603 18.1 8.2 - - 5 12736 - - 25.22 0 0.02 4.1 2496 35.50 36/12 2592 -
Motilal Oswal Financ 1 1603 14.3 42 110 46.7 3.3 3.50 0.6 7.9 1606 36.6 17.9 1606Q 36.6 90 17.9 1024 71.63 0 14.86 10.1 6922 484.35 518/254 7157 1 09.8
Muthoot Finance 10 U1603 399.1 148 4861 809.6 20.3 6.00 2.8 13.7 1606 1296.4 270.3 1606Q 1296.4 14 270.3 48 74.62 0 20.48 37.1 14699 368.35 405/152 27436 16.4
Nalwa Sons Investmen 10 U1603 5.1 707 19 13.8 26.8 - 0.0 3.8 1606 2.2 1.2 1606Q 2.2 -17 1.2 -23 55.61 0 4.81 22.5 395 769.00 859/560 393 29.5
Network 18 Media & I 5 U1603 523.5 25 67 -91.0 -0.9 - 0.2 - 1606 15.6 -14.8 1606Q 15.6 2 -14.8 35 74.99 0 5.21 74.5 4366 41.70 64/38 4913 -
Oswal Green Tech 10 U1603 256.8 84 452 37.9 1.5 - 0.0 1.8 1603 23.0 4.4 - - 657 - - 64.32 0 11.47 207.1 623 24.25 54/20 281 16.4
Pilani Investmen 10 U1603 7.9 1140 47 38.9 49.2 25.00 0.0 4.3 1606 7.0 5.2 1606Q 7.0 79 5.2 85 57.54 0 0.25 5.5 1041 1315.95 1409/1220 1031 25.2
*PNB Gilts Ltd. 10 U1603 180.0 42 343 34.5 1.9 1.10 5.4 4.6 1606 98.0 19.4 1606Q 98.0 38 19.4 698 74.06 0 1.41 36.0 485 26.95 29/22 3951 8.5
*Pneumatic Holdings 10 1603 5.3 259 12 7.5 14.2 9.00 0.0 5.5 1606 0.9 -0.0 1606Q 0.9 -16 -0.0 -114 72.50 0 7.37 12.1 446 843.05 875/399 433 62.6
*Power Finance Co 10 1603 1320.0 271 27474 6113.5 46.3 13.90 5.6 17.1 1606 7105.6 1712.6 1606Q 7105.6 5 1712.6 9 67.79 0 27.63 212.5 29252 221.60CB 257/140 2 29658 4.7
PS IT Infrastructure 10 U1603 53.8 10 328 0.2 0.0 - 0.1 0.3 1603 106.1 -0.8 - - -19 - - 1.98 0 0.00 1.8 478 88.95 92/6 482 -
PTC India Financial 10 U1603 562.1 33 1187 391.1 7.0 1.20 3.4 21.4 1603 270.0 49.0 - - 57 - - 60.00 0 12.92 121.0 2231 39.70 52/30 7134 5.7
Rane Holdings Ltd. 10 1603 14.3 212 75 35.6 25.0 10.00 0.1 11.8 1606 13.2 3.9 1606Q 13.2 7 3.9 -24 46.47 0 14.02 8.5 992 695.00 740/488 1012 28.8
*Ravindra Energy Ltd. 10 U1603 122.1 18 122 2.4 0.2 - 0.0 1.1 1606 11.5 0.3 1606Q 11.5 2070 0.3 56 76.09 0 0.00 69.9 429 35.10 37/16 428 -
Reliance Capital 10 U1603 252.6 537 4076 977.0 38.7 10.00 1.4 7.2 1603 1358.0 526.0 - - 4 - - 52.00 45 28.37 997.8 11031 436.65 471/251 28173 11.3
Religare Enterprises 10 U1603 178.3 141 125 83.8 4.7 - 0.3 3.3 1606 14.0 -25.8 1606Q 14.0 -81 -25.8 -168 50.92 77 22.62 24.0 4679 262.40 325/255 5266 2 33.5
*Rural Electrific 10 U1603 987.5 309 23638 5627.7 57.0 17.10 5.3 18.5 1606 5953.6 1420.9 1606Q 5953.6 5 1420.9 -4 60.63 0 30.39 265.7 22366 226.50CB 297/153 1 53745 4.0

36 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*Satin Creditcare 10 1603 32.0 102 552 57.9 18.1 - 4.6 17.9 1606 195.1 24.6 1606Q 195.1 72 24.6 104 36.19 11 2.96 3.9 1924 602.25 717/264 2693 27.3
Shriram City Uni 10 1603 65.9* 684 3835 529.8 80.4 15.00 2.3 11.7 1606 1053.5 181.8 1606Q 1053.5 15 181.8 23 33.77 0 18.11 7.0 14229 2158.15 2250/1337 23855 25.2
Shriram Trans.Fi 10 1603 226.9 448 10242 1178.2 51.9 10.00 3.3 11.6 1606 2685.4 374.1 1606Q 2685.4 14 374.1 17 26.05 0 29.72 43.9 29421 1296.75 1325/737 60657 23.9
SREI Infrastructure 10 1603 503.1 55 1890 57.4 1.1 0.50 4.7 2.1 1606 757.7 26.1 1606Q 757.7 59 26.1 14 60.79 0 18.66 51.4 3660 72.75 85/36 16115 60.4
*Stampede Capital 1 U1603 22.9 2 20 0.4 0.0 - 0.1 0.7 1606 2.2 0.0 1606Q 2.2 9 0.0 -91 43.99 0 11.86 4.7 924 40.35 69/28 921 -
*Summit Securities 10 U1603 10.9 406 17 15.7 14.4 - 0.0 3.5 1606 0.1 -0.2 1606Q 0.1 -21 -0.2 -27 73.83 0 4.25 63.8 429 393.70 425/221 426 27.4
Sundaram Finance 10 1603 111.1* 298 2312 477.3 43.0 11.00 2.1 14.4 1606 557.7 90.2 1606Q 557.7 0 90.2 -9 36.14 0 15.80 21.1 16171 1455.25 1616/1106 22711 34.5
*Tata Investment 10 1603 55.1 406 252 202.6 36.8 17.00 0.0 9.1 1606 46.9 33.9 1606Q 46.9 -4 33.9 -7 73.01 0 6.13 25.0 2802 508.60 590/455 2789 14.0
*Tourism Finance 10 U1603 80.7 66 184 53.6 6.6 1.80 2.0 10.1 1606 54.0 20.2 1606Q 54.0 15 20.2 22 56.33 0 5.72 64.8 376 46.55 69/35 1330 6.6
Ujjivan Financial 10 1603 118.2 103 1007 177.2 15.0 0.50 1.4 14.6 1606 321.7 71.4 1606Q 321.7 55 71.4 103 0.00 0 71.03 42.6 5338 451.45 547/217 6581 -
V B Industries 10 U1603 13.1 76 145 0.3 0.2 - 0.0 0.3 1606 41.4 0.5 1606Q 41.4 96 0.5 -28 0.89 0 0.00 0.7 493 375.90 376/300 493 -
Vardhman Holdings 10 U1603 3.2 876 53 48.2 150.9 3.00 0.0 17.2 1606 8.8 6.8 1606Q 8.8 171 6.8 161 74.89 0 4.03 7.1 421 1318.00 1350/788 420 8.0
Yamini Investments 1 U1603 52.6 1 17 0.5 0.0 - 0.0 0.8 1606 1.9 0.1 1606Q 1.9 -35 0.1 -55 17.35 0 0.03 1.9 1971 37.50 65/22 1970 -
47 GLASS
IND. COMPOSITE 95 5186 58 40
*Asahi India Glass 1 1603 24.3 16 2168 97.3 4.0 0.60 2.7 24.7 1606 567.8 26.8 1606Q 567.8 8 26.8 23 54.40 7 2.68 50.7 4698 193.25 200/128 5711 46.0
Borosil Glass 10 1603 2.3 2462 222 52.3 226.2 25.00 0.1 9.2 1606 52.3 9.9 1606Q 52.3 30 9.9 -32 71.99 0 5.00 6.5 1034 4475.90 4989/2010 1060 21.7
*Empire Inds. 10 1603 6.0 250 385 30.6 51.1 24.00 0.9 20.4 1606 88.7 6.7 1606Q 88.7 3 6.7 -4 72.55 0 14.75 5.0 1022 1703.80 2110/1360 1084 33.6
*Guj. Borosil Ltd 5 1603 34.1 8 183 12.1 1.8 - 1.9 23.2 1606 43.0 3.2 1606Q 43.0 12 3.2 34 74.95 0 0.07 48.2 567 83.20 102/28 574 43.9
Hind. NationalGl 2 U1603 17.5 26 1979 -193.3 -22.1 - 5.9 - 1603 576.9 8.6 - - -2 - - 69.98 93 7.26 4.2 777 88.95 107/57 3257 -
La Opala RG Ltd. 2 1603 11.1 42 249 58.7 10.6 1.80 0.0 25.3 1603 53.9 14.2 - - 21 - - 65.02 0 19.60 9.3 3007 541.80 670/456 3012 51.2
48 GRANITES/MARBLES
IND. COMPOSITE 6 193 17 18
*Pokarna Ltd. 10 U1603 6.2 199 193 17.2 27.8 10.00 0.8 14.0 1606 37.2 1.8 1606Q 37.2 -29 1.8 -73 56.66 0 1.19 5.7 506 816.05 1350/660 587 40.7
49 HORTICULTURE AND FLORI C ULTURE
IND. COMPOSITE 50 3110 228 39
Advanced Enzyme Tech 10 1603 21.8 80 139 21.3 9.8 1.00 0.3 12.2 - - - - - - - - 66.50 0 12.54 101.2 3029 1391.40 1507/1161 3072 -
Kaveri Seed Company 2 U1603 13.8 136 849 177.1 25.6 2.50 0.0 18.9 1603 32.2 -9.8 - - -25 - - 57.49 0 26.28 32.9 2633 381.35 702/300 2631 14.9
Venky’s (India) Ltd. 10 U1603 14.1* 264 2122 29.9 21.2 5.00 1.9 8.0 1603 590.1 16.1 - - 23 - - 56.10 0 0.14 21.3 606 429.85XB 529/220 1133 20.3
50 HOSPITALS AND MEDIC A L SERVICES
IND. COMPOSITE 1061 10178 603 55
Apollo Hospitals 5 1603 69.6 247 5409 369.4 26.6 6.00 0.6 10.8 1603 1396.3 75.7 - - 18 - - 34.55 65 46.26 35.8 19707 1416.50 1544/1197 21553 53.3
*Dr. Lal Pathlabs Ltd 10 1603 82.8* 58 765 125.8 15.2 2.45 0.0 26.3 1606 215.7 37.5 1606Q 215.7 18 37.5 31 58.63 0 13.04 28.4 7716 932.10 1046/697 7489 57.3
*Fortis Healthcare 10 U1603 463.2 78 612 -73.5 -1.6 - 0.2 - 1606 166.1 -7.0 1606Q 166.1 8 -7.0 58 71.27 83 18.88 106.4 8942 193.05 197/141 9533 -
*Healthcare Global En 10 U1603 85.1 33 470 -2.8 -0.3 - 1.0 - 1606 133.7 5.7 1606Q 133.7 - 5.7 - 24.61 0 50.06 15.1 1699 199.75 211/167 1963 -
*Indraprastha Med 10 1603 91.7 22 758 28.2 3.1 1.80 0.2 13.9 1603 186.4 5.5 - - 6 - - 50.99 0 2.99 45.4 524 57.15 77/46 565 18.6
Kovai Medical 10 1603 10.9 160 465 40.4 37.0 2.50 0.7 23.0 1606 128.5 14.4 1606Q 128.5 14 14.4 42 50.03 0 1.27 7.7 839 767.05 927/616 915 18.8
*Narayana Hrudayalaya 10 1603 204.4 47 1464 56.8 2.8 - 0.1 5.9 1606 400.4 22.7 1606Q 400.4 15 22.7 57 64.85 0 30.44 31.1 6196 303.20 360/272 6310 95.4
Thyrocare Tech. 10 U1603 53.7 63 235 58.8 10.9 2.50 0.0 17.2 1606 68.9 17.2 1606Q 68.9 30 17.2 32 63.96 0 14.81 34.5 2988 556.20 669/524 2984 -
51 HOTELS AND RESORTS
IND. COMPOSITE 673 6904 367 47
EIH Associated 10 1603 30.5 79 246 38.4 12.6 4.00 0.1 16.0 1606 46.8 2.1 1606Q 46.8 4 2.1 2 74.99 0 14.25 5.8 996 327.00 379/180 1018 25.9
*EIH Ltd. 2 1603 114.3 43 1417 101.5 1.8 1.10 0.1 3.8 1606 276.2 -12.2 1606Q 276.2 -9 -12.2 -162 35.24 0 17.31 68.8 6419 112.30 138/96 6618 92.5
GIR Natureview 10 1503 17.8 11 7 0.3 0.2 - 0.0 1.6 - - - - - - - - - 0 0.00 - 444 249.50 257/147 444 -
Hotel Leela Ven. 2 U1603 93.3 -10 661 -180.2 -3.9 - -18.9 - 1606 149.0 -51.8 1606Q 149.0 -8 -51.8 10 63.88 92 5.61 100.4 819 17.55 24/17 5790 -
*India Tourism De 10 U1603 85.8 41 437 22.6 2.6 1.50 0.0 6.5 1606 105.9 9.0 1606Q 105.9 9 9.0 397 87.02 0 4.00 3.3 1770 206.40 291/140 1501 59.5
*Indian Hotels Co 1 1603 98.9 39 2274 201.0 2.0 - 0.4 5.2 1606 474.5 -9.0 1606Q 474.5 5 -9.0 -118 38.65 0 39.85 137.2 12584 127.20 143/81 14127 89.3
Mac Charles 10 U1603 13.1 207 88 32.3 24.7 10.00 0.0 11.9 1606 16.2 5.1 1606Q 16.2 1 5.1 39 74.62 0 0.02 12.7 524 399.60 400/180 518 15.5
Mahindra Holidays 10 1603 88.8 78 952 117.3 13.2 5.00 0.0 16.9 1606 249.7 30.2 1606Q 249.7 10 30.2 21 75.00 0 14.88 18.2 3698 416.55 475/262 3670 30.2
Speciality Restauran 10 1603 47.0 66 321 0.3 0.1 - 0.0 0.1 1606 78.6 -5.8 1606Q 78.6 -2 -5.8 -356 51.19 0 25.21 16.7 406 86.40 170/80 400 -
*Taj GVK Hotels & Res 2 1603 12.5 56 270 8.4 1.3 0.40 0.7 2.4 1606 58.3 2.5 1606Q 58.3 -6 2.5 2853 74.98 0 4.17 40.6 800 127.65 149/62 1054 74.1
The Byke Hospitality 10 U1603 40.1 31 232 25.9 6.5 1.00 0.1 20.6 1606 61.9 6.4 1606Q 61.9 29 6.4 37 44.45 6 11.95 5.6 645 160.85 174/148 652 23.3
Westlife Development 2 U1603 31.1 31 0 -0.4 -0.0 - 0.0 - 1606 0.0 -0.1 1606Q 0.0 -47 -0.1 -106 62.17 0 28.58 1.9 3228 207.50 318/175 3228 -
52 INFRASTRUCTURE - GE NERAL
IND. COMPOSITE 3434 10358 -550 49
Atlanta Ltd. 2 U1603 16.3 46 136 3.3 0.4 - 0.5 0.9 1606 64.1 27.9 1606Q 64.1 817 27.9 463 70.52 88 3.15 15.0 577 70.75 72/25 724 14.8
Bharti Infratel Ltd. 10 1603 1896.7 98 5596 1323.4 7.0 3.00 0.0 7.1 1606 1453.1 1476.9 1606Q 1453.1 5 1476.9 337 71.70 0 25.94 47.2 69513 366.50 441/302 66358 28.2
Gammon Infrastructur 2 U1603 188.4 9 403 58.2 0.4 - 0.4 6.6 1603 74.1 38.5 - - 966 - - 58.44 96 26.18 48.2 460 4.88 13/4 781 -
GMR Infrastructure L 1 U1603 603.6* 15 799 -1518.9 -2.5 - 0.6 - 1603 287.2 -1519.0 - - 8 - - 61.61 74 27.39 445.3 7925 13.13 19/10 11039 -
Kridhan Infra 2 U1603 14.8 10 57 1.3 0.2 0.16 0.2 1.7 1603 24.9 0.5 - - 74 - - 64.45 0 0.81 2.8 575 77.55 126/72 587 -
Lanco Infratech Ltd. 1 U1603 274.9 6 2671 -445.0 -1.6 - 3.2 - 1603 807.3 -169.0 - - 74 - - 70.54 81 4.96 244.6 1223 4.45 8/2 7482 -
MEP Infrastructure 10 1603 162.6 36 695 26.7 1.6 0.20 0.7 4.5 1603 183.1 10.8 - - -26 - - 69.48 25 14.66 8.3 668 41.10 60/34 1053 25.0
RattanIndia Infra 2 U1603 276.5 5 0 0.6 0.0 - 0.0 0.1 1603 0.0 0.0 - - - - - 62.45 0 7.44 85.5 489 3.54 4/2 430 -
53 IRON AND STEEL
IND. COMPOSITE 9545 200820 -10039 9
*Adhunik Industries 10 U1603 46.8 22 410 2.3 0.5 - 1.0 2.2 1606 115.0 0.2 1606Q 115.0 -1 0.2 -94 74.96 0 0.00 1.3 666 142.45 202/53 757 -
APL Apollo Tubes 10 U1603 23.4 159 2992 30.8 13.1 10.00 1.0 8.3 1603 843.9 13.4 - - 35 - - 40.63 0 16.92 4.9 2203 939.95 976/382 2549 71.5
Bhushan Steel Ltd. 2 U1603 45.3 217 11803 -2839.4 -125.4 - 5.0 - 1603 3108.3 -670.5 - - 6 - - 59.04 69 4.06 47.4 921 40.65 61/33 39363 -
*Electrosteel Steels 10 1603 2409.2 3 2598 -326.5 -1.4 - 11.5 - 1603 859.3 284.4 - - 34 - - 45.23 80 29.67 52.9 843 3.50 5/2 9599 -
*Gallantt Ispat Ltd. 10 U1603 38.5* 88 535 28.6 7.4 1.00 0.4 8.5 1606 117.3 15.5 1606Q 117.3 -6 15.5 101 62.58 0 0.00 0.9 2302 598.20 690/368 2425 63.3
Gandhi Special 5 1603 7.3 113 91 18.5 12.6 7.50 0.0 11.2 1606 26.4 10.5 1606Q 26.4 3 10.5 143 73.26 0 3.97 5.1 438 298.10 350/200 435 17.7
Jai Corp Ltd. 1 U1603 17.8 117 624 69.5 3.9 0.50 0.0 3.3 1603 157.6 24.3 - - -8 - - 73.00 0 6.57 78.6 1329 74.50 94/45 1325 19.1
*Jindal Saw 2 U1603 64.0 144 6144 367.0 11.5 1.00 1.1 8.0 1606 1329.0 65.8 1606Q 1329.0 -30 65.8 -37 53.58 8 21.10 49.4 1520 47.55 81/36 5830 4.9
Jindal St & Pwr 1 1603 91.5 125 12548 -1018.9 -11.1 - 2.1 - 1603 3461.8 -145.8 - - -8 - - 61.89 30 21.32 186.9 7392 80.80 98/48 30976 -
Jindal Stainless 2 U1603 113.6* -16 6848 -792.0 -14.0 - -60.2 - 1606 2125.6 -64.6 1606Q 2125.6 -34 -64.6 45 74.07 92 13.49 49.0 1456 25.65 61/14 11819 -

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 37


Databank Updated Information Updated as on Aug 12, 2016

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*Jindal Stainless (Hi 2 U1603 46.2* 26 6417 14.6 0.6 - 1.4 2.4 1606 1497.1 49.4 1606Q 1497.1 - 49.4 - 53.64 69 25.96 45.5 1631 70.55 76/24 2483 -
JSW Steel 10 1603 241.7 866 36707 -3498.3 -144.7 7.50 1.4 - 1606 12021.2 1082.4 1606Q 12021.2 7 1082.4 857 41.48 47 37.09 723.0 41691 1724.75 1762/829 69036 -
Kalyani Steel 5 1603 21.8 135 1180 113.6 26.0 - 0.4 19.3 1606 345.0 46.8 1606Q 345.0 14 46.8 62 60.60 0 1.43 37.5 1200 274.90 303/117 1454 9.1
Kirloskar Ferrou 5 1603 68.7 36 1114 57.7 4.2 1.25 0.2 11.7 1606 299.7 37.7 1606Q 299.7 -1 37.7 146 59.54 0 1.88 62.3 1097 79.90 90/40 1189 13.7
Maha. Seamless 5 U1603 33.5 344 1019 39.2 5.8 2.50 0.0 1.4 1603 326.4 38.3 - - -29 - - 59.56 0 13.70 24.5 1399 208.85 249/131 1384 35.7
*Mahamaya Steel Indus 10 1603 13.9* 56 309 -15.3 -11.0 - 1.3 - 1606 67.4 0.9 1606Q 67.4 -17 0.9 44 69.50 0 0.00 2.7 423 305.10 330/29 486 -
Monnet Ispat & Energ 10 U1603 200.8 15 1854 -1683.2 -83.8 - 3.7 - 1603 378.9 -434.0 - - -41 - - 25.26 0 56.52 25.3 473 23.55 42/19 6876 -
*Mukand Ltd. 10 1603 141.4 33 2732 1.6 0.1 - 5.4 0.1 1606 677.6 10.3 1606Q 677.6 -1 10.3 280 71.68 18 5.21 42.5 729 51.55 56/28 3128 41.5
Pennar Industrie 5 U1603 60.2 28 871 27.0 2.2 - 0.5 7.5 1603 243.2 9.3 - - 12 - - 36.35 7 21.70 43.1 556 46.20 61/39 685 20.6
*Ratnamani Metals 2 1603 9.3 223 1719 162.7 34.8 5.50 0.0 15.6 1603 507.0 46.1 - - -7 - - 60.27 0 14.19 10.2 2511 537.35 675/387 2500 15.4
Sarda Energy & Miner 10 U1603 36.0 297 1035 37.5 10.4 2.00 0.4 3.5 1603 246.0 10.8 - - -25 - - 71.28 0 4.03 14.9 468 130.15 158/76 857 12.5
Srikalahasthi Pipes 10 U1603 39.8 114 1146 158.8 39.9 5.00 1.3 35.1 1603 315.1 46.1 - - 6 - - 50.78 0 1.70 22.8 1231 309.60 356/184 1550 7.8
Steel Authority 10 U1603 4130.5 95 39086 -4137.3 -10.0 - 0.6 - 1603 11371.5 -1230.9 - - -19 - - 74.99 0 20.71 393.7 18918 45.80 59/34 44833 -
Steel ExchangeIndia 10 U1603 76.0 34 1671 7.4 1.0 - 2.9 2.0 1603 481.9 -2.0 - - 7 - - 49.03 66 1.60 172.4 495 65.20 67/26 1080 -
Sunflag Iron 10 U1603 180.2 36 1661 57.3 3.2 - 0.6 8.9 1603 380.2 14.9 - - -1 - - 49.06 0 0.09 67.2 518 28.75 33/18 801 9.0
Surya Roshni Ltd 10 U1603 43.8 199 3069 62.0 14.2 1.00 1.1 7.1 1603 845.4 20.9 - - 7 - - 63.32 36 1.53 22.9 756 172.55 184/105 1610 12.2
Tata Metaliks 10 1603 25.3 48 929 50.6 20.0 2.00 2.3 41.5 1606 244.9 22.4 1606Q 244.9 6 22.4 229 50.09 0 2.42 49.6 1057 417.95 513/78 1243 16.0
Tata Sponge Iron 10 1603 15.4 524 574 30.8 20.0 10.00 0.0 3.8 1606 119.0 10.5 1606Q 119.0 -16 10.5 49 54.50 0 6.42 37.0 901 585.25 685/340 649 26.3
Tata Steel 10 1603 971.2 726 38210 4900.9 50.5 8.00 0.4 7.0 1603 10521.7 676.6 - - -11 - - 32.06 6 41.29 948.9 36401 374.80 384/200 66380 7.4
Technocraft Industri 10 U1603 26.3 252 766 82.1 31.2 3.00 0.3 12.4 1603 222.7 17.6 - - -6 - - 75.00 0 1.79 11.6 762 289.85 331/149 869 9.3
*Usha Martin Ltd. 1 1603 30.5 26 3447 -404.4 -13.3 - 4.2 - 1606 832.0 -32.6 1606Q 832.0 -5 -32.6 54 47.69 31 13.75 51.1 459 15.05 19/7 3779 -
*Uttam Galva Steels 10 1603 142.3 -11 6924 -1551.5 -109.1 - -22.2 - 1606 1247.5 -251.2 1606Q 1247.5 -27 -251.2 -13605 60.87 0 27.33 32.1 420 29.55 44/23 3907 -
Welspun Corp 5 U1603 132.6* 71 3785 -93.4 -3.5 0.50 1.1 - 1606 1181.4 18.9 1606Q 1181.4 -13 18.9 673 44.89 0 16.64 61.1 2160 81.45 138/69 4029 -
54 LAMINATES
IND. COMPOSITE 73 4879 362 31
Century Plyboard 1 1603 22.3* 24 1658 168.1 7.6 1.00 0.8 31.8 1606 405.8 43.1 1606Q 405.8 9 43.1 8 73.33 9 15.37 30.1 4681 210.35 244/135 5067 27.3
*Greenlam Industries 5 1603 12.1 110 937 40.3 16.7 1.00 0.8 15.3 1606 235.1 9.0 1606Q 235.1 8 9.0 41 55.15 0 14.39 4.3 1748 724.20 800/330 1970 40.7
Greenply Industr 1 1603 12.1 50 1657 130.6 10.8 0.60 0.3 21.6 1606 415.1 34.1 1606Q 415.1 9 34.1 28 54.99 0 23.58 7.9 3210 265.95 298/152 3361 23.3
Oriental Veneer 10 U1603 5.4 49 81 4.1 7.7 - 1.8 15.7 1606 20.7 2.3 1606Q 20.7 5 2.3 130 54.24 0 0.00 0.9 501 929.55 1040/524 512 92.4
*Rushil Decor Ltd. 10 U1603 14.4 56 297 7.1 5.0 1.00 1.3 8.8 1606 75.3 4.5 1606Q 75.3 5 4.5 118 55.91 0 4.15 5.3 552 383.35 481/111 645 57.5
*Stylam Industries 10 U1603 7.3 77 249 12.1 16.6 - 1.8 21.6 1606 70.0 4.9 1606Q 70.0 16 4.9 80 58.82 23 0.90 4.0 428 584.50 625/111 505 29.8
55 LEATHER
IND. COMPOSITE 112 5508 432 31
Bata India 5 1603 64.3 90 2418 218.7 17.0 3.50 0.0 18.5 1606 674.7 50.5 1606Q 674.7 -1 50.5 -44 52.95 0 27.76 106.1 6869 534.40 614/438 6528 38.8
Bhartiya Interna 10 U1603 11.7 150 450 14.8 12.6 1.20 1.2 8.4 1606 98.4 3.2 1606Q 98.4 12 3.2 6 48.35 0 6.58 5.5 659 562.25 638/426 829 44.1
*Mirza International 2 U1603 24.1 33 927 78.1 6.5 0.50 0.6 19.7 1606 252.3 20.0 1606Q 252.3 1 20.0 11 73.77 0 0.83 30.4 1027 85.40 145/85 1205 12.8
*Relaxo Footwears 1 U1603 12.0* 32 1713 120.3 10.0 0.60 0.6 31.7 1606 433.8 36.2 1606Q 433.8 -4 36.2 1 74.98 0 4.12 10.7 5603 466.75 566/360 5809 46.5
56 LOGISTICS
IND. COMPOSITE 572 4528 145 37
Aegis Logistics Ltd. 1 1603 33.4 13 357 53.9 1.6 0.90 0.2 12.8 1606 93.1 12.9 1606Q 93.1 0 12.9 -7 62.93 0 14.93 28.1 3940 117.95 132/63 3979 74.4
Allcargo Logistics 2 1603 50.4 54 1205 124.2 4.9 2.00 0.1 9.1 1603 293.8 32.4 - - 8 - - 69.92 0 13.95 23.9 4747 188.30XB 222/128 4808 38.2
*Arshiya 2 1603 31.2 0 64 -278.4 -17.8 - 77.3 - 1606 18.0 -33.6 1606Q 18.0 12 -33.6 43 74.99 100 0.96 11.8 473 30.30 53/16 786 -
Navkar Corporation L 10 U1603 142.6 45 347 103.5 7.3 - 0.8 16.1 1603 91.4 28.4 - - - - - 72.85 0 22.80 21.7 2859 200.45 224/151 3270 27.6
Sical Logistics 10 1603 55.6 83 591 18.5 3.3 - 1.3 4.0 1606 165.0 10.2 1606Q 165.0 48 10.2 139 66.07 62 0.88 40.1 826 148.55 182/119 1412 33.9
*Snowman Logistics Lt 10 U1603 167.1 26 240 20.6 1.2 - 0.2 4.7 1606 49.7 1.8 1606Q 49.7 -16 1.8 -68 40.25 0 4.85 55.3 1117 66.85 108/46 1104 66.3
VRL Logistics Ltd. 10 U1603 91.2 51 1723 102.3 11.2 5.00 0.8 22.0 1606 458.6 26.5 1606Q 458.6 2 26.5 -25 69.57 0 23.70 36.5 2610 286.05 479/253 2885 27.9
57 LPG BOTTLING/DISTRI BUTION
IND. COMPOSITE 236 8185 462 30
Gujarat Gas 10 U1603 137.7 156 6106 152.9 11.1 2.50 0.7 7.1 1603 1378.1 58.1 - - - - - 60.89 0 17.53 27.0 8489 616.55 680/455 9742 55.5
Mahanagar Gas 10 1603 98.8 156 2079 308.7 31.3 17.50 0.0 20.1 - - - - - - - - 64.99 0 12.39 246.5 5299 536.45 549/493 5131 -
58 LUBRICANTS
IND. COMPOSITE 269 5398 811 32
Castrol India 5 1512 247.3 12 3298 615.3 12.4 9.00 0.0 106.9 1606 970.8 206.9 1606H 1826.5 6 379.3 15 59.53 0 23.10 108.5 20126 406.95 495/360 19430 30.3
*GOCL Corporation 2 U1603 9.9 71 102 17.6 3.6 1.50 0.0 1.7 1606 25.9 3.1 1606Q 25.9 -3 3.1 -41 69.87 0 8.43 51.6 1081 218.05 225/120 1079 70.1
Gulf Oil Lubricants 2 U1603 9.9* 58 1011 100.3 20.2 7.00 1.2 34.9 1606 283.6 31.2 1606Q 283.6 23 31.2 52 68.64 0 17.54 55.1 3370 679.35 717/402 3405 30.4
Tide Water Oil 5 U1603 1.7* 1483 986 77.7 222.9 1 62.50 0.0 15.0 1606 288.1 27.5 1606Q 288.1 14 27.5 7 26.22 0 11.51 17.6 1878 5387.70XB 8317/3704 1718 23.6
59 MEDIA - PRINT
IND. COMPOSITE 472 9542 1183 19
DB Corp 10 1603 183.8* 73 2051 300.2 16.3 11.00 0.1 22.3 1606 570.3 105.0 1606Q 570.3 20 105.0 56 69.92 45 25.78 10.3 7400 402.65 439/287 7423 21.9
DIC India 10 1512 9.2 309 750 29.7 32.4 4.00 0.0 10.5 1606 181.6 6.9 1606H 350.4 -3 14.1 -1 71.75 0 0.06 8.6 496 540.00 746/489 497 16.7
Hindustan Media Vent 10 U1603 73.4 125 919 180.6 24.6 1.20 0.1 19.6 1606 239.2 48.7 1606Q 239.2 7 48.7 17 74.30 0 17.05 12.0 1989 271.00 302/200 2048 10.6
HT Media 2 U1603 46.9* 64 1526 108.0 4.6 0.40 0.2 7.2 1606 365.0 0.9 1606Q 365.0 4 0.9 -80 69.50 0 18.78 30.6 1813 77.30 96/73 1942 17.4
Jagran Prakashan 2 U1603 65.4 39 1804 255.0 7.8 - 0.6 19.8 1606 473.4 73.6 1606Q 473.4 7 73.6 11 60.75 0 28.80 31.6 6061 185.40 190/110 6203 23.1
MPS Ltd. 10 1603 18.6 148 224 70.5 37.9 22.00 0.0 25.6 1606 50.7 15.2 1606Q 50.7 -2 15.2 8 67.77 0 10.46 10.3 1213 651.70 928/610 1209 16.9
*Navneet Education 2 1603 47.6 26 931 127.8 5.4 2.20 0.2 20.3 1606 560.5 113.6 1606Q 560.5 9 113.6 15 61.80 0 21.68 26.2 2337 98.10 108/76 2431 16.3
Repro India Ltd. 10 1603 10.9 175 375 -8.0 -7.3 3.00 0.9 - 1606 75.8 -4.3 1606Q 75.8 -35 -4.3 -244 61.70 0 8.70 7.0 471 432.30 558/326 633 -
Sandesh 10 U1603 7.6 705 371 80.6 106.5 5.00 0.0 15.1 1603 94.4 22.0 - - 7 - - 74.81 0 0.01 4.9 658 869.10 1010/608 647 8.2
TCPL Packaging 10 1603 8.7 166 593 38.3 44.0 7.35 1.4 26.4 1606 145.8 7.6 1606Q 145.8 13 7.6 -4 58.42 0 0.08 7.1 560 643.20 780/446 753 14.7
60 MEDICAL - OTHERS
IND. COMPOSITE 22 394 47 34
*Poly Medicure Lt 5 U1603 22.1 54 394 47.3 10.7 3.00 0.3 19.8 1606 102.7 12.7 1606Q 102.7 8 12.7 30 48.76 0 8.32 4.0 1742 395.00 469/238 1781 34.7
61 METAL - NON-FERROUS
IND. COMPOSITE 1433 16758 8320 12
*Arcotech Ltd. 10 U1603 21.0 97 729 36.5 17.4 1.50 1.2 17.9 1606 143.8 9.7 1606Q 143.8 -11 9.7 19 74.97 8 9.85 6.9 812 386.60 454/290 990 21.4
Hind. Copper 5 U1603 462.6 21 969 43.6 0.5 - 0.0 2.3 1603 325.5 16.3 - - -15 - - 89.94 0 7.48 61.1 5741 62.05 69/42 5421 -

38 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Hind. Zinc 2 1603 845.1 88 14226 8166.6 19.3 27.80 0.0 21.8 1606 2530.6 1036.9 1606Q 2530.6 -30 1036.9 -46 64.92 0 2.87 64.7 92450 218.80 225/117 92397 12.7
Tin Plate Co. 10 1603 104.7 57 834 73.4 7.0 2.00 0.0 12.3 1606 159.9 2.0 1606Q 159.9 -30 2.0 -91 74.95 0 1.05 45.5 894 85.45 108/55 890 17.0
62 MINING/MINERALS
IND. COMPOSITE 9002 42160 24439 12
*Ashapura Min. Lt 2 U1603 17.4 -24 592 64.7 7.4 - -0.2 - 1606 78.8 -8.3 1606Q 78.8 -63 -8.3 -117 48.43 0 23.56 19.3 557 64.05 101/43 595 -
Coal India Ltd. 10 U1603 6316.4 52 166 16343.5 25.9 27.40 0.0 49.4 1603 42.9 1 3950.1 - - -39 - - 79.64 0 17.83 662.0 213462 337.95 383/272 2 05074 1 3.1
Deccan Gold Mines 1 U1603 9.0* 5 0 -6.9 -0.8 - 0.0 - 1606 0.0 -2.7 1606Q 0.0 -82 -2.7 -61 28.54 0 6.88 22.5 518 57.40 70/24 518 -
Guj. Mineral Dev 2 U1603 63.6 109 1189 240.0 7.5 3.00 0.0 6.9 1603 359.4 51.0 - - -18 - - 74.00 0 15.75 56.5 2670 83.95 92/52 2651 11.1
Guj. NRE Coke 10 U1603 1657.0* 12 731 -805.5 -4.9 - 2.9 - 1603 109.2 -351.6 - - 132 - - 27.65 53 37.21 188.1 532 3.21 4/2 3391 -
Himadri Speciality 1 U1603 41.8 20 1152 -12.1 -0.3 0.05 1.2 - 1606 255.1 11.6 1606Q 255.1 -8 11.6 158 48.95 0 0.00 20.6 1556 37.20 41/12 2551 -
Indian Metal & F 10 1603 26.0 311 1211 -54.8 -21.1 - 1.1 - 1606 250.5 -30.4 1606Q 250.5 -26 -30.4 -175 55.75 0 10.78 38.4 411 158.05 174/101 1258 -
MOIL Ltd. 10 U1603 168.0 212 629 173.0 10.3 5.00 0.0 4.9 1603 209.6 21.4 - - -37 - - 80.00 0 9.77 304.1 4077 242.65 255/180 1247 23.6
*NMDC Ltd. 1 U1603 396.5 89 6456 3028.3 7.6 11.00 0.0 8.6 1606 1720.7 711.3 1606Q 1720.7 -5 711.3 -30 80.00 0 17.30 219.5 40123 101.20 106/75 21680 14.7
Orissa Minerals Deve 1 U1603 0.6 1395 0 10.6 17.7 2.66 0.0 1.3 1603 0.0 -0.8 - - -100 - - 50.01 0 19.15 18.3 1287 2144.30 2639/1370 513 1 21.0
Sandur M & I Ore 10 U1603 8.8 427 222 -14.2 -16.3 3.00 0.0 - 1606 87.8 4.7 1606Q 87.8 54 4.7 6 69.15 0 2.35 6.2 460 525.95 737/280 447 -
Vedanta 1 1603 296.5 130 29811 5471.9 18.5 3.50 1.0 12.5 1606 7143.7 -119.8 1606Q 7143.7 -9 -119.8 -120 64.53 0 24.53 388.6 49214 166.00 175/58 88163 10.4
63 MISCELLANEOUS
IND. COMPOSITE 2688 25870 4478 28
Adani Ports & Speci 2 1603 414.2 66 4631 2841.6 13.7 1.10 1.0 20.9 1606 1055.2 602.8 1606Q 1055.2 -1 602.8 -3 56.68 39 37.24 334.4 53286 257.30 375/170 65730 18.9
Cox & Kings L 5 U1603 88.3* 141 543 169.4 9.6 1.00 0.2 6.8 1603 110.7 25.8 - - 15 - - 51.35 46 33.05 38.0 3342 189.30 277/141 3411 19.7
Dalmia Bharat 2 U1603 17.8 73 204 65.5 7.4 2.00 0.0 10.1 1603 57.9 31.6 - - 14 - - 57.41 0 12.35 13.3 13147 1480.55 1498/600 13139
2 00.6
Dredging Corpora 10 U1603 28.0 555 666 79.7 28.5 3.00 0.6 5.1 1603 176.7 37.7 - - -10 - - 73.56 0 13.32 50.2 1123 400.95 463/290 1929 14.1
*EPC Industrie Ltd. 10 1603 27.7 44 205 9.2 3.3 - 0.0 7.4 1606 50.3 2.5 1606Q 50.3 -6 2.5 98 54.75 0 10.90 13.9 455 164.60 190/113 432 43.6
*Future Consumer Ent. 6 1603 994.5* 5 1344 -63.6 -0.4 - 0.5 - 1606 357.3 -3.5 1606Q 357.3 35 -3.5 83 43.57 46 18.58 54.2 3555 21.45 27/13 3926 -
Gateway Distriparks 10 U1603 108.7 73 266 106.0 9.8 7.00 0.0 13.3 1606 80.3 9.7 1606Q 80.3 11 9.7 -84 25.17 26 66.26 31.2 2908 267.45 375/206 2877 53.8
IFGL Refracto 10 1603 34.6 48 304 18.6 5.4 2.00 0.2 11.1 1606 73.3 4.5 1606Q 73.3 -8 4.5 -29 71.29 0 1.94 19.5 417 120.50 155/75 439 25.0
Indraprastha Gas Ltd 10 U1603 140.0 180 3686 416.2 29.7 6.00 0.1 16.6 1603 885.6 107.6 - - 1 - - 45.00 0 36.12 57.8 9446 674.70 691/433 9360 22.7
Info Edge (India) 10 1603 120.9 146 723 141.6 11.7 3.00 0.0 8.0 1606 197.6 44.4 1606Q 197.6 15 44.4 54 43.09 0 45.45 15.2 10207 844.10 906/690 9255 64.9
Jain Irrigation 2 U1603 95.3* 50 4242 71.3 1.5 1.00 1.2 3.0 1603 1424.5 64.4 - - 5 - - 30.90 27 48.10 146.0 3524 73.95 79/47 6177 49.5
*Linc Pen & Plast 10 1603 14.8 68 344 18.3 12.4 3.00 0.3 18.1 1606 87.0 4.4 1606Q 87.0 10 4.4 17 60.42 0 0.87 6.5 389 262.95 293/136 419 20.5
Linde India 10 1512 85.3 163 1567 23.5 2.8 0.75 1.0 1.7 1606 430.3 -2.5 1606H 846.8 13 5.7 -69 74.99 0 15.55 19.9 2988 350.35 366/241 4355 2 75.2
Nirlon 10 U1603 90.1 32 289 43.6 4.8 0.75 2.6 3.0 1606 67.4 14.2 1606Q 67.4 6 14.2 49 71.58 0 8.22 40.6 1848 205.05 245/164 2485 38.3
*Orient Refractories 1 U1603 12.0 19 459 55.8 4.6 1.45 0.0 24.7 1606 131.2 17.4 1606Q 131.2 19 17.4 45 69.61 0 11.48 10.5 1182 98.35 103/70 1161 19.3
Parnav Sports Academ 10 U1603 13.0 10 2 0.0 0.0 - 0.0 0.3 - - - - - - - - 26.19 0 0.00 0.3 388 298.00 375/266 388 -
Solar Industries Ind 2 U1603 18.1* 70 1089 111.3 12.3 4.50 0.3 17.5 1603 317.5 35.4 - - 6 - - 72.98 0 22.92 8.6 5610 620.00 760/570 5730 50.4
Sun Pharma Advanced 1 1603 24.7* 14 161 -70.0 -2.8 - 1.8 - 1606 21.5 -36.4 1606Q 21.5 -51 -36.4 -2107 67.71 1 8.76 90.1 9055 366.75 415/245 9097 -
Syngene Internationa 10 1603 200.0 53 1107 221.2 11.1 1.00 0.8 21.0 1606 274.5 59.8 1606Q 274.5 17 59.8 37 74.54 0 16.55 46.3 8294 414.70 458/297 8465 34.9
Talwalkars Better Va 10 U1603 29.7 108 236 53.4 18.0 1.50 0.9 16.6 1606 46.0 5.3 1606Q 46.0 13 5.3 17 37.98 0 19.86 15.3 729 245.55 295/182 921 13.5
TeamLease Service 10 1603 17.1 181 2505 24.3 14.2 - 0.1 7.8 1606 687.8 7.3 1606Q 687.8 - 7.3 - 45.61 0 27.65 6.4 1875 1096.85 1208/790 1636 -
*Thomas Cook (I) 1 1603 36.6* 32 392 8.1 0.2 0.38 0.3 0.7 1606 673.7 20.4 1606Q 673.7 385 20.4 -18 67.71 0 18.79 48.7 7286 198.80 229/166 6970 -
*Vesuvius India 10 1512 20.3 245 700 73.6 36.3 6.25 0.0 14.8 1606 208.1 23.8 1606H 386.7 16 42.3 21 55.56 0 26.62 12.0 1963 967.40 1077/620 1790 24.2
Wonderla Holidays Lt 10 1603 56.5 71 205 59.8 10.6 2.00 0.0 14.8 1606 88.9 22.5 1606Q 88.9 32 22.5 -20 70.98 0 15.60 22.8 2260 399.95 430/245 2237 41.7
64 MOBILE PHONE SERVICE P R OVIDER
IND. COMPOSITE 9818 117438 6154 18
Bharti Airtel 5 1603 1998.7 211 60300 7546.5 18.9 1.36 0.5 8.9 1606 16339.7 1427.5 1606Q 16339.7 10 1427.5 -30 66.74 0 26.82 222.5 139050 347.85 414/282 1 81398 1 9.7
*Idea Cellular Ltd. 10 U1603 3600.9* 68 35817 2616.7 7.3 0.60 0.7 10.7 1606 9449.3 160.4 1606Q 9449.3 8 160.4 -81 42.23 0 32.13 275.0 33813 93.90 166/93 48429 17.3
MTNL 10 U1603 630.0 1 3197 -2005.7 -31.8 - 8.0 - 1603 835.8 174.6 - - -6 - - 56.25 0 21.90 138.3 1301 20.65 25/14 17835 -
*OnMobile Global Ltd. 10 U1603 104.0 70 387 5.7 0.6 1.50 0.0 0.8 1606 86.8 12.6 1606Q 86.8 -17 12.6 74 48.94 0 11.14 33.5 1193 114.70 141/69 1104 1 07.8
RelianceCommu.Ltd 5 U1603 1244.5 138 9974 -1624.0 -6.5 - 0.8 - 1603 2599.0 401.0 - - -9 - - 59.04 30 26.67 1638.3 12171 48.90 92/46 38765 -
Tata Communications 10 1603 285.0 292 4790 113.2 4.0 4.30 0.1 1.4 1606 1220.5 204.3 1606Q 1220.5 6 204.3 59 74.99 5 19.73 55.4 13649 478.90 519/326 14248 80.3
Tata Teleservices (M 10 1603 1954.9 -18 2972 -498.0 -2.5 - -2.7 - 1606 734.9 -108.1 1606Q 734.9 -2 -108.1 -5 74.89 35 0.63 388.5 1239 6.34 9/6 10605 -
66 OIL DRILLING AND EX PLO R ATION
IND. COMPOSITE 8185 146147 21898 14
*Aban Offshore 2 U1603 11.7 553 1014 367.8 63.0 - 0.4 11.4 1606 247.5 88.9 1606Q 247.5 6 88.9 21 46.95 25 6.16 161.5 1237 211.95 297/143 1995 3.2
Alpha Geo (India 10 U1603 5.6 121 69 7.0 12.3 2.00 0.0 10.2 1606 45.5 5.1 1606Q 45.5 870 5.1 1061 41.97 12 0.25 7.8 422 748.70 861/268 419 33.5
Cairn India Ltd. 10 1603 1874.9 199 4649 853.5 4.6 3.00 0.0 2.3 1606 1001.3 254.7 1606Q 1001.3 -29 254.7 -21 59.88 57 25.97 268.4 36588 195.15 207/107 35350 46.6
GAIL (India) Ltd. 10 U1603 1268.5 248 51914 2298.9 18.1 5.50 0.3 7.3 1603 11732.4 770.0 - - -5 - - 56.10 0 33.13 165.8 47333 373.15 403/260 54240 20.6
Hind. Oil Explor 10 U1603 130.5 21 28 6.6 0.5 - 0.0 2.4 1606 6.0 9.3 1606Q 6.0 -44 9.3 1981 16.28 0 1.64 86.7 530 40.65 43/26 523 34.5
Jindal Drilling 5 U1603 14.5 290 320 30.1 10.4 0.50 0.0 3.6 1603 79.2 4.2 - - -27 - - 63.71 0 0.05 12.3 491 169.50 210/103 489 16.3
Oil India Ltd. 10 U1603 601.1 397 9765 2330.1 38.8 16.00 0.4 9.8 1603 2009.3 469.2 - - 10 - - 67.64 0 17.07 122.4 22221 369.65 474/301 21855 9.5
ONGC 5 U1603 4277.7 188 78388 16003.7 18.7 8.50 0.0 10.0 1603 16384.8 4416.1 - - 1 - - 68.93 0 17.35 596.6 199428 233.10 274/188 1 98061 1 2.5
67 PACKAGING
IND. COMPOSITE 371 12372 721 17
Essel Propack Ltd. 2 1603 31.4 35 743 115.7 7.4 2.20 0.3 20.9 1603 189.4 18.3 - - -3 - - 57.02 0 16.48 33.2 3364 214.10 224/133 3535 29.1
*Ester India 5 U1603 46.8* 30 771 4.6 0.5 - 1.3 1.6 1606 166.2 -1.6 1606Q 166.2 -21 -1.6 -141 54.22 0 0.21 22.7 416 44.45 108/25 726 -
Flexituff Internatio 10 1603 24.9 152 1156 4.0 1.6 - 1.5 1.1 1606 286.1 -3.2 1606Q 286.1 2 -3.2 -320 32.88 100 18.04 0.9 491 197.45 260/163 1021 -
Huhtamaki PPL 2 1512 14.5 80 1151 49.1 6.8 2.80 0.7 8.4 1606 329.9 6.8 1606H 634.7 9 26.4 -15 68.76 0 6.93 14.7 2060 283.30 327/177 2449 46.3
Jindal Poly Films 10 U1603 43.8 380 2644 205.8 47.0 1.00 0.3 12.4 1603 630.6 17.3 - - 0 - - 74.54 0 4.14 45.6 1806 412.55 612/338 2248 8.7
*Max India 2 1603 53.4* 2 - - - - - - 1606 15.2 0.3 1606Q 15.2 - 0.3 - - 0 0.00 - 3360 125.85 200/119 3360 -
Oricon Enterprises L 2 1603 31.4 31 61 15.8 1.0 0.50 0.2 3.3 1603 11.5 7.6 - - 4 - - 66.95 5 1.69 15.7 905 57.60 74/39 989 57.2
Polyplex Corpn. 10 U1603 32.0 137 951 26.9 8.4 3.00 0.6 6.1 1606 233.9 16.1 1606Q 233.9 -4 16.1 2051 50.02 0 8.19 13.2 935 292.45 315/188 1174 22.1
Time Technoplast Ltd 1 U1603 21.0 44 1407 99.1 4.7 0.55 0.5 10.7 1606 347.0 17.4 1606Q 347.0 9 17.4 35 58.50 24 28.13 20.5 1313 62.50 71/42 1703 12.7
Uflex Ltd. 10 1603 72.2 258 3487 199.7 27.7 3.20 0.4 10.7 1603 811.7 58.5 - - 5 - - 44.01 0 10.04 46.0 1647 228.10 253/132 2240 8.2
68 PAINTS/VARNISHES
IND. COMPOSITE 294 23349 3046 52
*Akzo Nobel India Ltd 10 1603 46.7 156 2740 202.1 43.3 70.00 0.0 27.7 1606 703.4 64.3 1606Q 703.4 7 64.3 42 72.96 0 10.47 44.8 7511 1609.65 1705/1201 7456 34.0

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 39


Databank Updated Information Updated as on Aug 12, 2016

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Asian Paints Ltd. 1 1603 95.9 52 12646 1597.4 16.7 7.50 0.0 32.2 1606 3407.7 501.2 1606Q 3407.7 10 501.2 17 52.79 13 26.24 156.8 109152 1137.95 1160/779 1 09028 6 4.8
Berger Paints I 1 1603 97.1* 16 4133 354.9 3.7 1.65 0.0 23.5 1606 1160.4 114.2 1606Q 1160.4 10 114.2 37 74.98 0 14.54 54.9 21985 226.45XB 267/139 21989 56.9
Kansai Nerolac Paint 1 1603 53.9 42 3830 891.1 16.5 3.05 0.0 38.9 1606 1047.1 126.5 1606Q 1047.1 5 126.5 35 73.98 0 16.20 25.5 19439 360.70 384/207 18990 21.0
69 PAPER
IND. COMPOSITE 450 10260 482 15
Ballarpur Ind. 2 U1603 131.1 25 619 17.8 0.3 - 0.6 1.1 1603 197.6 0.1 - - 133 - - 49.42 100 25.15 77.9 899 13.72 22/12 1829 -
*Emami Paper Mill 2 1603 12.1 64 539 27.9 4.6 0.60 2.7 7.2 1606 252.9 8.0 1606Q 252.9 99 8.0 122 74.97 0 0.00 2.1 425 70.30 81/37 1321 13.2
International Paper 10 1603 39.8 113 1160 36.9 9.3 - 1.0 8.2 1606 298.5 15.4 1606Q 298.5 -0 15.4 91 74.99 0 3.42 12.9 1151 289.50 374/216 1589 26.0
JK Paper Ltd. 10 U1603 148.5 58 2455 79.6 5.4 0.50 2.4 9.2 1606 606.5 26.7 1606Q 606.5 4 26.7 59 57.73 0 10.49 18.8 826 55.60 65/34 2651 9.2
*Kushal Tradelink Ltd 2 1603 23.7 5 339 21.7 1.8 2.00 0.7 39.2 1606 84.0 38.6 1606Q 84.0 19 38.6 3331 66.58 0 0.00 20.8 1906 160.65 161/30 1935 32.2
Seshasayee Paper 10 1603 12.6 334 1031 35.6 28.2 5.00 0.6 8.4 1606 248.7 24.1 1606Q 248.7 5 24.1 347 43.44 0 9.48 11.5 517 410.00 457/188 761 9.5
T Nadu Newsprint 10 U1603 69.2 210 2418 253.9 36.7 7.50 1.5 17.4 1606 756.4 69.5 1606Q 756.4 17 69.5 35 35.31 0 35.56 29.5 2005 289.65 308/174 3829 7.4
*West Coast Paper 2 1603 13.2 91 1700 8.9 1.3 1.00 1.1 1.5 1603 456.1 9.3 - - -0 - - 55.43 1 12.01 17.5 592 89.60 98/53 1219 66.8
70 PESTICIDES/AGRO CHEMICALS
IND. COMPOSITE 355 19425 2003 35
Astec Lifesciences L 10 1603 19.5* 60 246 -20.2 -10.4 - 1.0 - 1606 66.0 3.7 1606Q 66.0 20 3.7 20 63.54 0 1.01 10.6 716 366.95 416/171 826 -
*BayerCropscience 10 U1603 35.4 660 3743 300.9 85.1 17.00 0.0 12.9 1606 855.5 131.3 1606Q 855.5 -39 131.3 23 68.57 0 19.84 20.4 14478 4095.20 4315/3115 13348 44.5
Bharat Rasayan 10 U1603 4.2 346 456 33.9 79.7 1.20 1.2 23.0 1603 99.3 4.9 - - 4 - - 74.79 0 0.00 4.4 573 1348.80 1349/800 710 16.9
Dhanuka Agritech Ltd 2 1603 10.0 96 829 107.3 21.5 6.50 0.0 22.3 1606 198.8 19.3 1606Q 198.8 10 19.3 4 74.98 0 7.62 11.2 3362 672.10 690/411 3367 31.1
Excel Crop Care Ltd. 5 1603 6.8* 282 877 59.6 44.1 12.50 0.0 15.7 1606 271.9 36.8 1606Q 271.9 -6 36.8 17 24.71 0 9.58 11.2 1688 1250.00 1292/750 1697 26.0
Excel Industries 5 1603 6.9* 151 448 25.2 18.3 4.50 0.4 12.1 1606 123.3 12.3 1606Q 123.3 -1 12.3 4 52.38 0 8.14 13.5 394 287.25 348/140 468 15.4
Insecticides (India) 10 U1603 20.7* 120 988 39.3 19.0 2.00 1.0 15.8 1606 304.9 18.1 1606Q 304.9 7 18.1 -8 68.74 0 17.60 11.4 988 477.80 535/297 1276 26.2
Meghmani Organics Lt 1 1603 25.4 24 981 40.1 1.6 0.30 0.6 6.6 1606 274.4 7.3 1606Q 274.4 10 7.3 15 50.51 0 1.11 55.4 1053 41.40 50/17 1406 25.6
*Monsanto India 10 1603 17.3 239 542 101.3 58.7 30.00 0.0 24.5 1606 240.3 56.6 1606Q 240.3 -9 56.6 -10 72.14 0 7.89 21.6 4185 2424.45 3110/1520 4179 44.0
PI Industries 1 U1603 13.7 87 2097 313.4 22.9 3.10 0.1 26.2 1606 683.4 126.9 1606Q 683.4 23 126.9 45 51.71 0 34.92 21.0 11004 802.50 809/495 11062 31.2
Rallis India 1 1603 19.4 45 1306 126.0 6.5 2.50 0.0 14.6 1606 278.0 126.7 1606Q 278.0 12 126.7 2747 50.09 0 19.84 37.5 4227 217.35 231/142 4244 17.0
*Sharda Cropchem 10 1603 90.2 81 932 170.4 18.9 3.00 0.0 23.3 1606 241.7 32.9 1606Q 241.7 15 32.9 8 74.99 0 19.98 20.2 3243 359.45 409/203 3191 18.8
*UPL 2 1603 85.7 94 5983 705.7 16.5 5.00 0.3 17.6 1606 1666.1 271.3 1606Q 1666.1 6 271.3 99 29.73 5 57.59 58.6 26910 627.85 636/342 28215 32.0
71 PETROCHEM
IND. COMPOSITE 1887 39105 1907 22
DCW Ltd. 2 U1603 44.2 26 1272 18.5 0.8 - 1.2 3.2 1603 339.0 3.6 - - 5 - - 49.03 0 9.15 49.9 613 27.75 34/17 1288 -
Finolex Industri 10 1603 124.1 77 2453 233.6 18.8 10.00 0.1 24.4 1603 805.5 78.5 - - -3 - - 52.47 0 11.93 123.1 5640 454.45 484/245 5741 24.1
GujaratStatePetronet 10 U1603 563.4* 72 992 444.5 7.9 1.50 0.2 10.9 1603 231.9 99.7 - - -8 - - 37.68 0 35.60 130.8 7885 139.95 154/108 8338 17.7
INEOS Styrolution 10 1603 17.6 295 1597 62.8 35.7 4.00 0.3 12.1 1606 380.3 15.0 1606Q 380.3 21 15.0 -17 74.99 0 5.48 13.4 953 542.10 870/475 1098 16.0
*Manali Petrochem 5 U1603 86.0 17 579 48.2 2.8 0.50 0.0 16.4 1606 155.4 10.8 1606Q 155.4 -8 10.8 -27 44.81 0 1.56 131.4 494 28.70 37/21 472 11.1
NOCIL Ltd. 10 1603 160.8 29 715 77.7 4.8 1.20 0.0 16.6 1606 192.8 23.2 1606Q 192.8 4 23.2 39 37.61 14 2.06 116.2 921 57.30 65/36 930 10.9
PetronetLNG 10 U1603 750.0 88 27133 914.0 12.2 2.50 0.4 13.8 1603 6065.3 239.3 - - -35 - - 49.99 0 37.73 276.7 23516 313.55 323/165 25526 25.7
Savita Oil Tech 10 U1603 14.6 410 1502 34.3 23.5 5.00 0.1 5.7 1603 373.1 9.4 - - -21 - - 71.58 0 15.27 8.9 889 609.05 670/440 914 25.9
Signet Industries 1 U1603 29.4 4 794 17.4 0.6 0.05 2.0 16.6 1606 244.1 4.2 1606Q 244.1 21 4.2 -27 70.24 0 0.05 3.0 879 29.85 75/16 1002 -
Supreme Petroche 10 1603 96.5 43 2068 56.0 7.7 1.50 0.0 13.5 1606 740.7 45.6 1606Q 740.7 9 45.6 -28 60.84 0 0.50 49.5 1727 178.95 204/95 1656 17.0
72 PHARMACEUTICALS
IND. COMPOSITE 2173 126939 19612 27
*Aarti Drugs Ltd 10 1603 24.2 145 1075 66.3 27.4 6.75 1.2 18.9 1606 269.1 17.3 1606Q 269.1 2 17.3 2 61.97 0 3.97 17.2 1192 492.20 679/431 1620 17.9
Abbott India Ltd. 10 1603 21.2 521 2628 259.6 122.2 35.00 0.0 23.4 1603 683.0 59.0 - - 15 - - 74.98 0 8.59 21.7 10001 4706.40 6153/4360 9161 38.5
Ajanta Pharma Lt 2 1603 17.6 128 1552 414.5 47.1 8.00 0.1 36.9 1606 413.0 99.9 1606Q 413.0 21 99.9 23 73.77 5 12.05 29.5 16729 1900.95CB 1919/1103 16756 38.6
Alembic Ltd. 2 1603 53.4 11 126 24.7 0.9 - 0.0 8.5 1606 29.8 1.4 1606Q 29.8 -16 1.4 -46 64.45 0 9.28 55.0 1004 37.60 52/32 1002 -
*Alembic Pharmaceutic 2 1603 37.7 81 2992 698.1 37.0 - 0.0 45.6 1606 688.6 119.7 1606Q 688.6 20 119.7 57 74.12 0 12.91 53.0 12189 646.60 747/514 11905 16.4
*Alkem Laboratories 2 1603 23.9 297 3925 638.4 53.4 12.70 0.1 17.9 1606 1159.7 251.5 1606Q 1159.7 13 251.5 51 66.87 0 6.90 79.3 18669 1561.40 1626/1175 18499 25.7
Amrutanjan Health Ca 2 U1603 2.9 87 184 22.4 15.3 3.85 0.0 17.6 1606 34.7 2.1 1606Q 34.7 19 2.1 24 50.17 0 2.91 19.0 640 437.90 545/377 602 28.0
Anuh Pharma Ltd 5 U1603 20.9* 26 326 25.8 6.2 2.50 0.0 23.6 1606 49.1 3.9 1606Q 49.1 -43 3.9 -51 71.06 0 0.00 11.4 756 181.15XB 409/159 742 34.9
AstraZeneca Pharma I 2 1603 5.0 62 564 5.3 2.1 - 0.0 3.4 1606 139.5 10.6 1606Q 139.5 6 10.6 289 75.00 0 12.34 14.3 2637 1054.65 1348/995 2560 2 01.1
*Aurobindo Pharma 1 1603 58.5 116 9166 1619.7 27.7 2.50 0.4 23.8 1603 2405.8 407.9 - - 12 - - 53.78 3 34.07 128.2 43703 746.85 892/582 46282 27.0
Biocon 5 1603 100.0 164 2324 808.8 40.4 5.00 0.1 24.6 1606 695.8 141.4 1606Q 695.8 18 141.4 37 60.67 0 20.23 100.3 16933 846.65 896/397 16307 20.0
Bliss GVS Pharma 1 U1603 10.3 42 326 65.6 6.4 0.50 0.2 15.1 1606 65.9 13.8 1606Q 65.9 -18 13.8 -10 60.16 0 4.37 17.3 1272 123.30 211/79 1283 19.9
Cadila Healthcar 1 1603 102.4 60 7035 1977.3 19.3 3.20 0.2 32.2 1606 1271.7 165.1 1606Q 1271.7 -34 165.1 -71 74.79 0 13.72 100.6 37791 369.15 454/296 38662 23.8
Caplin Point Lab 10 U1603 15.1 89 231 45.3 40.0 - 0.0 32.6 1606 79.6 14.4 1606Q 79.6 18 14.4 14 69.08 0 4.87 18.4 1719 1137.80 1639/835 1680 28.8
*Cipla 2 U1603 160.7* 138 12034 1398.0 17.4 2.00 0.1 12.6 1606 2741.2 278.8 1606Q 2741.2 -23 278.8 -60 37.47 0 34.53 242.0 41519 516.65 748/458 42816 42.1
Claris Lifesciences 10 1603 54.6 154 547 -6.4 -1.2 2.00 0.0 - 1603 109.7 3.2 - - 206 - - 60.99 26 21.63 21.0 1358 248.90 270/126 1325 -
Dishman Pharmaceutic 2 U1603 32.3* 52 510 87.2 5.4 2.00 0.6 10.4 1606 91.0 8.4 1606Q 91.0 -32 8.4 5 61.40 1 23.93 47.8 2689 166.60XB 210/87 3172 30.7
*Divi’s Lab 2 1603 53.1 164 3721 1107.7 41.7 10.00 0.0 25.5 1606 1008.1 301.8 1606Q 1008.1 25 301.8 24 52.08 0 33.93 43.3 31599 1190.30XB 1242/918 31583 27.1
Dr. Reddy’s Labs 5 1603 85.3* 680 10208 1354.5 79.4 20.00 0.3 11.7 1606 2141.5 409.1 1606Q 2141.5 -15 409.1 -17 31.70 0 49.48 105.4 51294 3004.95 4383/2750 53110 40.9
*FDC Ltd. 1 U1603 17.8 61 997 156.8 8.8 2.25 0.0 14.4 1606 264.5 49.0 1606Q 264.5 1 49.0 12 68.88 0 13.61 24.3 3240 182.20 274/166 3229 20.0
GlaxoSmithKline Phar 10 1603 84.7 203 2757 375.2 44.3 50.00 0.0 21.9 1606 705.3 72.3 1606Q 705.3 8 72.3 -23 74.99 0 11.99 94.8 26274 3101.90 3850/3036 24942 74.2
Glenmark Pharma 1 1603 28.2* 258 6113 1468.4 52.0 2.00 0.1 20.1 1606 1640.9 518.8 1606Q 1640.9 31 518.8 55 46.48 0 42.06 84.9 23866 845.80 1262/672 24567 14.4
Granules India L 1 1603 21.7* 29 1328 121.0 5.6 0.65 0.5 19.0 1606 337.5 35.6 1606Q 337.5 4 35.6 17 51.14 27 7.59 65.1 2919 134.50 164/101 3140 23.1
*Hester Biosciences L 10 1603 8.5 118 101 19.2 22.6 4.10 0.3 19.2 1606 30.1 6.0 1606Q 30.1 23 6.0 29 54.06 0 1.50 6.1 657 772.65 825/337 686 32.0
Hikal Ltd. 2 1603 16.4 56 926 41.3 5.0 1.00 1.0 7.3 1606 221.2 11.0 1606Q 221.2 16 11.0 499 68.76 0 12.63 8.9 1508 183.50 202/98 1958 29.9
*Indoco Remedies 2 1603 18.4 63 1000 83.3 9.0 1.60 0.2 14.3 1606 257.4 19.8 1606Q 257.4 15 19.8 -2 59.24 0 20.76 14.8 2867 311.10 363/244 2979 34.6
*Ipca Laboratorie 2 1603 25.2 183 2816 91.5 7.2 - 0.3 4.0 1606 842.2 47.6 1606Q 842.2 11 47.6 152 45.89 0 38.23 58.5 6714 532.05 888/402 7147 55.9
J B Chemicals & Phar 2 1603 17.0 135 1148 176.4 20.8 5.00 0.2 15.4 1603 298.8 43.2 - - 5 - - 55.76 0 10.57 34.3 2379 280.45 318/228 2542 13.5
*Jubilant Life Scienc 1 1603 15.9 124 2656 79.1 5.0 3.00 0.8 4.0 1606 586.9 21.0 1606Q 586.9 -12 21.0 184 54.02 8 26.81 35.5 6163 386.90 455/261 7678 66.5
Lupin Ltd. 2 1603 90.2* 257 11280 2885.1 64.0 7.50 0.0 24.9 1606 3551.7 1079.7 1606Q 3551.7 37 1079.7 56 46.51 0 42.12 173.4 71203 1578.85 2127/1294 71561 21.9
Marksans Pharma 1 U1603 40.9 10 367 71.5 1.7 0.12 0.2 17.1 1603 75.8 5.1 - - -7 - - 48.24 0 13.76 102.3 1877 45.85 114/33 1753 26.3
Merck Ltd. 10 1512 16.6 356 940 53.6 32.3 7.50 0.0 9.1 1606 257.7 17.9 1606H 475.9 7 30.1 14 51.80 0 12.54 34.5 1173 706.85 858/623 985 20.5
Morepen Labs.Lt 2 U1603 90.0 5 452 15.8 0.4 - 1.0 7.5 1606 118.4 4.0 1606Q 118.4 14 4.0 60 34.54 0 19.50 135.2 994 22.10 42/11 1050 -
Natco Pharma 2 U1603 34.8 61 1021 174.5 10.0 1.25 0.3 16.5 1606 309.5 50.9 1606Q 309.5 59 50.9 49 51.28 0 26.00 41.2 11043 634.00 651/382 11300 56.2

40 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Nectar Lifesciences 1 U1603 22.4 45 1676 59.3 2.6 0.10 0.9 5.8 1603 474.8 7.1 - - -2 - - 55.79 56 4.53 34.8 784 34.95 61/32 1611 13.2
*Neuland Laborat 10 1603 8.9 206 510 26.4 29.7 2.00 0.9 14.3 1606 149.8 9.7 1606Q 149.8 22 9.7 33 51.68 4 7.74 8.0 804 905.25 1041/481 964 27.9
*Novartis 5 1603 16.0 364 808 198.6 62.1 10.00 0.0 17.1 1606 171.3 19.1 1606Q 171.3 -24 19.1 42 74.99 0 1.43 45.3 2180 682.20 968/600 1067 10.7
*Panacea Biotec L 1 U1603 6.1 86 647 0.9 0.1 - 1.8 0.2 1606 123.7 -19.7 1606Q 123.7 -1 -19.7 47 74.62 35 1.75 10.1 797 130.20 171/84 1703 44.3
Pfizer Ltd. 10 1603 45.7 463 2017 222.8 48.7 15.00 0.0 10.5 1606 501.2 80.0 1606Q 501.2 4 80.0 49 63.92 0 12.87 88.0 8706 1903.05 2724/1611 7684 35.0
*Piramal Enterprises 2 1603 34.5 706 3517 1061.2 61.5 17.50 1.0 8.7 1606 1041.3 257.6 1606Q 1041.3 50 257.6 84 51.57 0 30.79 87.8 28924 1676.15 1700/805 41286 25.2
RPG Life Sciences 8 1603 13.2 81 279 11.6 7.0 1.60 0.2 8.7 1606 87.4 9.9 1606Q 87.4 30 9.9 361 66.78 0 0.30 14.2 717 433.75 465/138 739 37.1
Sanofi India 10 1512 23.0 706 2193 321.5 139.6 65.00 0.0 19.8 1606 608.0 85.3 1606H 1152.4 11 165.9 29 60.39 0 29.40 17.7 10010 4346.60 4770/3758 9439 27.9
*Sequent Scientific 2 U1603 47.6 6 397 7.1 0.3 - 2.6 4.6 1606 86.6 -1.9 1606Q 86.6 -20 -1.9 -150 56.24 20 20.66 5.9 2730 114.60 260/114 3030 -
Shilpa Medicare L 1 U1603 7.7 87 676 110.3 14.3 0.60 0.1 16.4 1603 179.6 32.8 - - 19 - - 56.89 0 27.31 12.9 4273 554.20 612/355 4338 38.7
*SMS Pharmaceuticals 1 U1603 8.5 35 603 41.6 4.9 0.20 0.6 14.0 1606 145.9 9.2 1606Q 145.9 18 9.2 27 63.87 4 0.28 14.7 749 88.50 138/50 895 17.2
Strides Shasun L 10 1603 89.4 351 2203 161.1 18.0 4.00 0.5 5.1 1603 670.0 59.6 - - 133 - - 31.13 5 47.97 71.0 10155 1136.35 1412/848 11486 58.5
*Sun Pharma. 1 U1603 240.7 90 7614 -1073.4 -4.5 1.00 0.2 - 1606 1778.3 -151.5 1606Q 1778.3 -13 -151.5 61 54.97 2 34.95 494.0 192974 801.80 965/706 1 97980 -
*Suven Life Sciences 1 1603 12.7 49 500 95.0 7.5 2.00 0.1 15.2 1606 133.2 32.6 1606Q 133.2 32 32.6 61 60.00 0 7.61 61.8 2550 200.35 309/144 2377 23.8
Themis Medicare Ltd. 10 U1603 9.0 72 203 15.1 16.7 - 2.0 23.4 1606 56.8 5.5 1606Q 56.8 10 5.5 37 67.13 0 0.01 4.4 463 512.80 636/183 554 28.0
Torrent Pharmac 5 1603 84.6 218 5429 1763.3 104.2 35.00 0.5 47.8 1606 1318.0 337.0 1606Q 1318.0 -29 337.0 -60 71.24 0 17.84 48.8 25074 1481.70 1720/1190 26789 17.8
*TTK Healthcare Ltd. 10 1603 7.8 170 519 22.7 29.2 5.00 0.2 16.6 1606 153.2 5.6 1606Q 153.2 10 5.6 19 65.42 0 10.68 12.2 777 1000.15 1118/838 723 33.0
Unichem Labs 2 1603 18.2* 113 1222 100.6 11.1 2.00 0.0 9.8 1606 342.0 25.8 1606Q 342.0 11 25.8 -10 50.08 0 17.88 23.2 2535 278.95 334/189 2532 26.0
Vivimed Labs 2 U1603 16.2* 46 320 8.1 1.0 - 1.6 2.2 1603 80.2 1.0 - - -21 - - 36.81 73 3.03 7.5 589 72.65 97/47 1169 72.4
Wockhardt Ltd. 5 1603 55.3* 99 2225 32.8 3.0 - 1.8 3.0 1603 511.2 6.7 - - 23 - - 74.18 0 10.13 91.0 8962 810.65 1748/706 9842
2 73.3
73 PLANTATIONS - TEA A ND C OFFEE
IND. COMPOSITE 199 6972 717 21
Bombay Burmah 2 1603 14.0 30 242 -33.1 -4.8 1.00 1.4 - 1606 65.2 -3.7 1606Q 65.2 -3 -3.7 -328 65.90 4 5.47 17.7 3304 473.50 612/311 3599 -
CCL Products India 2 U1603 26.6 37 677 81.9 6.2 1.50 0.2 16.8 1606 173.3 24.7 1606Q 173.3 10 24.7 22 44.72 0 23.44 17.0 3513 264.10 268/154 3604 40.7
*Goodricke Group 10 1603 21.6 88 744 -12.9 -4.8 4.00 0.0 - 1606 125.0 14.4 1606Q 125.0 22 14.4 1242 74.00 0 0.02 14.9 390 180.75 220/132 379 -
*McLeod Russel 5 1603 54.7 120 1507 14.6 1.3 2.00 0.5 0.8 1606 174.1 -17.3 1606Q 174.1 3 -17.3 25 49.89 22 36.51 60.8 1967 179.70 220/130 2564 96.2
Tata Coffee Ltd. 1 1603 18.7 41 718 102.5 5.5 1.30 0.1 13.5 1606 206.3 27.0 1606Q 206.3 18 27.0 35 57.48 29 6.28 65.7 2286 122.40 132/82 2352 20.9
Tata Global Beverage 1 1603 63.1 46 3084 563.7 8.9 2.25 0.0 19.5 1606 820.1 73.3 1606Q 820.1 2 73.3 12 35.71 5 34.58 182.6 8640 136.90 150/100 8454 15.2
74 PLASTICS - OTHERS
IND. COMPOSITE 218 13361 822 36
Arrow Greentech 10 U1603 11.7 28 23 11.0 9.4 4.50 0.0 33.4 1606 7.2 3.8 1606Q 7.2 40 3.8 104 70.95 0 0.36 3.7 505 429.95 861/374 502 39.0
Astral Poly Technik 1 U1603 12.0 57 1333 72.5 6.1 0.40 0.2 10.6 1603 428.7 24.0 - - 3 - - 59.34 5 23.73 14.2 5648 471.65 526/334 5753 77.9
*Cosmo Films 10 1603 19.5* 255 1440 108.3 55.5 10.00 0.7 21.7 1606 349.8 27.1 1606Q 349.8 -3 27.1 28 43.51 0 5.08 21.8 631 323.65 408/134 940 5.5
Kingfa Science & Tec 10 U1603 10.1* 107 314 10.8 10.7 - 9.2 10.0 1606 88.0 2.6 1606Q 88.0 40 2.6 579 74.99 0 0.07 4.9 1056 1044.90 1267/266 1131 76.0
*Mayur Uniquoters 5 1603 23.1 74 511 82.5 17.8 3.50 0.1 24.1 1606 130.4 23.5 1606Q 130.4 1 23.5 21 61.12 0 14.47 16.3 2043 441.45 480/384 2049 23.6
Mold-Tek Packaging 5 U1603 13.9* 42 276 24.1 8.7 3.25 0.1 20.8 1606 83.3 7.8 1606Q 83.3 13 7.8 37 34.81 0 18.85 11.1 556 200.50 215/99 569 21.2
*Nilkamal Ltd. 10 1603 14.9 392 1870 103.9 69.6 7.00 0.1 17.8 1606 495.8 31.7 1606Q 495.8 8 31.7 25 64.13 0 8.06 15.0 1763 1181.30 1631/752 1835 16.0
Plastiblends Ind 5 1603 6.5 142 518 37.7 29.0 7.00 0.4 20.4 1606 143.1 8.4 1606Q 143.1 12 8.4 -20 62.06 0 2.05 9.9 557 428.95 524/290 637 15.7
Responsive Industrie 1 U1603 26.7 21 1837 17.9 0.7 0.10 0.9 3.2 1603 480.1 6.3 - - 24 - - 60.41 0 8.37 1.7 2157 80.80 119/70 2575 -
*Safari Indus. 10 1603 4.2 220 277 7.8 18.8 1.20 0.6 8.6 1606 87.3 2.0 1606Q 87.3 9 2.0 -55 61.98 0 20.08 3.0 384 925.00 1150/772 437 72.4
*Shaily Engineering P 10 1603 8.3 108 226 15.5 18.6 4.00 0.6 17.3 1606 59.2 3.2 1606Q 59.2 9 3.2 -4 54.09 0 5.55 2.6 441 529.80 704/350 478 28.7
*Supreme Inds. 2 1603 25.4 96 2975 213.1 22.4 7.50 0.2 17.4 1606 1189.1 101.5 1606Q 1189.1 -7 101.5 -28 49.71 0 28.95 31.5 12165 957.65 1000/540 12365 38.7
*TPL Plastech Ltd. 10 U1603 7.8 67 187 8.6 11.0 2.50 0.9 16.4 1606 45.4 2.7 1606Q 45.4 1 2.7 16 74.99 0 0.10 6.5 402 515.30 540/157 439 44.8
VIP Indus. 2 1603 28.3 24 1216 63.4 4.5 2.00 0.0 18.9 1606 375.2 29.0 1606Q 375.2 6 29.0 15 52.50 0 19.55 45.3 1790 126.65 141/71 1797 26.6
*Wim Plast Ltd 10 U1603 6.0 371 359 45.1 75.2 12.00 0.0 20.3 1606 99.5 13.5 1606Q 99.5 15 13.5 43 74.95 0 3.34 5.7 1469 2448.10CB 2649/1551 1455 29.9
75 POWER - GENERATION/ D IS TRIBUTION
IND. COMPOSITE 41984 164733 2 0873 13
Adani Power Ltd. 10 1603 3417.5* 26 12704 5.6 0.0 - 2.7 0.1 1606 2872.8 -5.3 1606Q 2872.8 -6 -5.3 96 63.12 44 28.78 365.5 9159 26.80 36/20 32842 -
BF Utilities Ltd. 5 U1603 18.8 21 5 -1.0 -0.5 - 0.8 - 1606 6.3 2.8 1606Q 6.3 3 2.8 86 65.63 0 1.11 44.8 1947 516.80 724/390 2009 -
CESC Ltd. 10 1603 132.6 596 6493 707.0 53.3 10.00 0.6 8.2 1603 1479.0 248.0 - - 5 - - 49.93 0 41.66 39.2 8473 639.20 644/405 12062 12.0
Energy Developme 10 U1603 47.5 33 134 1.6 0.3 0.50 0.0 1.0 1603 120.5 2.1 - - -24 - - 61.31 0 0.00 6.6 615 129.50 131/15 616 -
Guj. Industries 10 U1603 151.3 134 1352 188.4 12.5 2.70 0.3 9.3 1603 367.9 61.5 - - 2 - - 58.20 0 18.93 58.9 1401 92.60 99/66 1536 7.4
GVK Power & Infrastr 1 1603 157.9 14 27 -129.6 -0.8 - 0.1 - 1603 6.8 -109.3 - - 4 - - 54.25 0 8.35 286.6 960 6.08 10/4 1103 -
India Power Corp 1 U1603 97.4 10 586 31.9 0.3 - 0.5 3.2 1603 118.0 23.1 - - 0 - - 68.31 0 0.12 2.2 2654 27.25 34/10 3146 -
Jaiprakash Power Ven 10 U1603 2938.0 21 3884 -294.5 -1.0 - 2.9 - 1606 753.8 -196.2 1606Q 753.8 -38 -196.2 -402 63.60 79 9.33 329.7 1587 5.40 8/4 19703 -
JSW Energy Ltd. 10 1603 1640.1 50 5959 965.9 5.9 2.00 0.5 11.8 1606 1298.8 225.1 1606Q 1298.8 1 225.1 31 74.99 48 20.65 106.7 13096 79.85 96/59 17201 12.8
KSK Energy Ventures 10 U1603 424.0 71 22 -55.6 -1.3 - 0.2 - 1603 5.0 -32.2 - - -51 - - 68.15 96 17.84 18.9 1210 28.55 55/28 1609 -
*NHPC 10 U1603 11070.7 28 7434 2440.1 2.2 2.42 0.6 7.9 1606 2196.8 857.8 1606Q 2196.8 9 857.8 12 85.95 0 6.98 888.9 28839 26.05 27/16 41588 11.4
NLC India L 10 U1603 1677.7 96 6669 1204.2 7.2 3.00 0.2 7.5 1603 1854.2 446.2 - - 9 - - 90.00 0 4.78 90.2 12566 74.90 87/60 12093 10.4
NTPC 10 U1603 8266.1* 111 70507 10242.9 12.4 3.35 1.0 11.1 1603 18112.6 2716.4 - - -3 - - 69.95 0 27.87 662.6 132464 160.25 162/107 1 98117 12.9
Orient Green Power C 10 1603 739.8 13 - -168.5 -2.3 - 0.3 - 1606 6.1 -16.8 1606Q 6.1 -68 -16.8 -15 71.51 50 7.76 28.5 758 10.25 18/10 1026 -
PTC India 10 U1603 296.0 97 12799 233.6 7.9 2.50 0.0 8.1 1606 3644.3 56.5 1606Q 3644.3 11 56.5 18 16.21 0 58.78 151.1 2296 77.55 84/50 2016 9.5
RattanIndia Power 10 U1603 2952.9 18 2775 116.7 0.4 - 1.2 2.1 1603 965.0 281.4 - - 284 - - 57.48 97 17.65 136.8 3050 10.33 13/6 9027 -
Reliance Infrastruct 10 U1603 263.0 862 10348 1985.8 75.5 8.50 0.8 8.6 1603 2781.5 729.0 - - -2 - - 48.35 53 35.76 1118.2 15215 578.55 622/282 30674 7.7
Reliance Power L 10 U1603 2805.1 62 85 402.7 1.4 1.00 0.3 2.3 1603 33.0 111.4 - - -49 - - 74.99 53 10.84 3 620.5 14292 50.95 61/33 18749 35.5
SJVN Ltd. 10 U1603 4136.6 28 2498 1408.5 3.4 1.10 0.2 12.1 1603 385.8 147.5 - - -13 - - 89.96 0 7.05 87.6 11521 27.85 34/22 11118 8.2
Tata Power Co. 1 U1603 270.5 61 8820 771.6 2.9 1.30 0.8 4.7 1603 2042.0 51.7 - - 5 - - 33.02 5 50.52 309.7 20271 74.95 78/55 32052 26.3
*Torrent Power Ltd. 10 1603 480.6 155 11633 816.0 17.0 4.50 1.1 10.9 1606 2575.9 30.6 1606Q 2575.9 -16 30.6 -85 53.56 0 22.53 126.6 8702 181.05 253/140 16065 12.7
76 POWER - TRANSMISSIO N/E QUIPMENT
IND. COMPOSITE 6555 38191 6365 17
*Adani Transmission L 10 1603 1099.8 20 274 -53.7 -0.5 - 2.3 - 1606 31.0 -26.0 1606Q 31.0 0 -26.0 -6 74.99 25 19.41 58.5 4157 37.80 43/25 9273 -
Alstom India 10 1603 67.2 138 1727 -78.8 -11.7 - 0.0 - 1603 373.3 27.4 - - 3 - - 68.57 0 17.23 41.7 4083 607.40 812/548 3571 -
GE T&D India 2 1603 51.2 52 3420 77.5 3.0 1.80 0.4 5.8 1603 977.9 29.9 - - 5 - - 75.01 0 16.40 43.7 8543 333.65 569/326 8985 110.2
*Kalpataru Power 2 1603 30.7 147 4365 199.5 13.0 1.50 0.2 8.8 1606 1187.4 64.5 1606Q 1187.4 2 64.5 33 59.45 36 30.09 20.1 3984 259.60 285/160 4436 18.5
KEC International Lt 2 1603 51.4 48 6464 158.0 6.1 1.00 1.4 12.7 1606 1529.1 29.7 1606Q 1529.1 10 29.7 244 50.86 0 32.61 73.5 3574 139.00 165/97 5213 20.0
Power Grid Corpo 10 U1603 5231.6 84 20802 6026.7 11.5 2.31 2.4 13.6 1603 5760.1 1599.1 - - 21 - - 57.89 0 34.92 689.7 93070 177.90 181/121 1 81583 1 5.4

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 41


Databank Updated Information Updated as on Aug 12, 2016

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Transformers & Recti 10 U1603 13.3 241 576 -8.5 -6.4 - 0.4 - 1606 159.2 0.8 1606Q 159.2 156 0.8 106 74.89 22 5.47 30.0 386 291.35 388/162 491 -
*Voltamp Transformers 10 1603 10.1 464 563 44.0 43.5 12.50 0.0 9.4 1606 115.1 9.1 1606Q 115.1 32 9.1 41 47.48 0 40.16 11.7 820 810.50 962/621 818 17.6
77 PROJECT CONSULTANCY/TU R NKEY
IND. COMPOSITE 891 3770 136 29
Engineers India 5 U1603 168.5 84 1496 258.3 7.7 4.00 0.0 9.1 1603 286.4 69.9 - - -1 - - 59.36 0 27.54 144.5 7320 217.25 252/143 4947 28.3
OM Metals Infraproje 1 U1603 9.6 59 189 31.1 3.2 0.30 0.1 5.5 1603 70.1 7.1 - - -25 - - 70.73 0 5.11 11.9 455 47.20 65/36 449 14.6
Power Mech Projects 10 U1603 14.7 293 1362 74.3 50.5 1.00 0.6 17.3 1603 388.5 19.8 - - -1 - - 64.74 0 24.01 19.1 776 527.35 701/522 931 10.4
Reliance Ind.Inf 10 1603 15.1 170 90 15.4 10.2 3.50 0.0 5.6 1606 23.1 3.0 1606Q 23.1 -1 3.0 -32 45.43 0 0.72 88.6 626 414.25 540/295 623 44.9
Sadbhav Infrastructu 10 U1603 352.2 25 86 1.0 0.0 - 1.4 0.1 1603 58.2 69.9 - - - - - 68.97 15 10.22 9.9 3439 97.65 112/66 4658 -
*Shriram EPC Ltd. 10 U1603 330.6 -7 548 -244.0 -7.4 - -10.2 - 1606 94.4 -41.8 1606Q 94.4 -38 -41.8 -1397 50.03 30 42.53 11.6 726 21.95 39/19 2739 -
78 REFINERIES
IND. COMPOSITE 6114 785119 23612 12
Bharat Petroleum 10 U1603 1446.2* 207 1 89303 7431.9 51.4 31.00 0.5 24.9 1603 44197.1 2549.1 - - -22 - - 54.93 0 29.67 98.7 83892 580.10XB 617/366 94309 11.3
*Chennai Petro. 10 1603 148.9 154 25994 770.7 51.8 4.00 2.0 33.5 1603 5869.6 265.6 - - -39 - - 67.28 0 19.20 67.1 3831 257.25 298/138 7352 5.0
Hind. Petrol 10 U1603 338.6 587 1 79571 3862.7 114.1 34.50 1.1 19.4 1603 42195.2 1552.9 - - -15 - - 51.11 0 33.88 98.6 40544 1197.30CB 1329/636 57582 10.5
Indian Oil Corp 10 U1603 2428.0 323 3 50603 1 0399.0 42.8 14.00 0.7 13.3 1603 80449.6 1235.6 - - -21 - - 58.27 0 16.81 176.5 130697 538.30 593/345 1 80314 12.6
*Mangalore Refine 10 1603 1752.6 37 39647 1148.2 6.6 - 1.1 17.9 1603 9292.9 1353.3 - - -35 - - 88.58 0 4.10 446.9 13118 74.85 93/48 6228 11.4
79 RETAIL
IND. COMPOSITE 1034 22645 194 54
Aditya Birla Fashion 10 U1603 768.8 12 6060 -104.1 -1.4 - 3.6 - 1603 1442.2 -109.8 - - 232 - - 59.46 0 26.63 160.4 11483 149.35 263/124 12711 -
*Future Enterprises 2 1603 94.3* 40 6845 14.6 0.3 - 0.6 0.8 1603 820.6 16.5 - - 23 - - 46.69 92 22.52 43.9 1035 21.95 173/17 2066 20.3
*Future Lifestyle 2 1603 38.0* 86 3300 29.5 1.6 0.40 0.6 1.8 1606 803.8 3.5 1606Q 803.8 15 3.5 42 60.22 62 18.26 46.8 2414 127.15 136/63 3315 79.1
Kewal Kiran Clothing 10 U1603 12.3 315 457 68.0 55.1 60.00 0.0 17.5 1606 108.3 12.6 1606Q 108.3 17 12.6 11 74.21 0 21.27 3.9 2280 1850.00 2283/1603 2248 33.0
Shoppers Stop 5 1603 41.8 94 3413 25.2 3.0 0.75 0.6 3.2 1606 772.2 -13.6 1606Q 772.2 9 -13.6 37 67.09 13 16.56 8.0 3138 375.75 422/301 3600 94.9
*Store One Retail Ind 10 U1603 27.6 76 260 55.3 20.0 - 0.4 26.4 1606 79.7 7.5 1606Q 79.7 122 7.5 435 73.85 0 0.13 12.8 535 193.85 248/27 598 8.7
Trent Ltd. 10 1603 33.2 425 1501 77.8 23.4 9.00 0.1 5.5 1606 400.9 23.3 1606Q 400.9 15 23.3 45 32.61 0 42.97 33.5 6314 1899.90 1921/1160 6362 74.2
V Mart Retail 10 U1603 18.1* 129 809 27.6 15.3 1.25 0.1 11.9 1606 227.1 9.2 1606Q 227.1 11 9.2 -18 56.56 0 34.12 3.8 918 508.15 683/425 945 35.9
80 RUBBER
IND. COMPOSITE 16 521 57 19
*Apcotex Industries L 5 1603 10.4 55 268 24.7 11.9 4.50 0.1 21.8 1606 61.1 4.6 1606Q 61.1 -9 4.6 -25 57.89 0 0.03 21.2 754 363.70XB 435/182 766 32.6
Indag Rubber 2 1603 5.3 60 253 32.0 12.2 2.40 0.0 20.3 1606 48.8 5.8 1606Q 48.8 -24 5.8 -28 74.75 0 0.99 7.5 448 170.60 237/146 444 15.1
81 SERVICES - OTHERS
IND. COMPOSITE 426 5732 745 58
BLS International Se 10 1603 10.2* 11 16 1.2 1.2 - - 10.6 1603 2.1 0.0 - - - - - - 0 0.00 - 998 974.50 1027/850 998 -
*Credit Analysis & Re 10 U1603 29.4* 163 265 117.7 40.0 28.00 0.0 24.6 1606 57.1 24.7 1606Q 57.1 18 24.7 41 0.00 0 75.37 49.0 3339 1134.20 1412/885 3326 26.7
Crisil 1 1512 7.1 95 956 222.0 31.1 23.00 0.0 32.9 1606 262.9 50.5 1606H 522.1 15 116.1 19 67.10 0 17.98 20.4 15105 2119.25 2307/1750 15062 62.9
Deep Industries 10 U1603 29.2 89 169 40.9 14.0 1.50 0.5 15.7 1606 64.4 16.3 1606Q 64.4 136 16.3 142 70.08 0 2.44 10.1 519 177.75 216/107 622 10.3
ICRA Ltd. 10 1603 10.0 408 195 61.5 61.5 25.00 0.0 15.1 1606 47.0 22.9 1606Q 47.0 9 22.9 117 50.05 0 35.90 14.8 3594 3593.75 4561/3235 3413 48.7
*Infibeam Incorp 10 U1603 53.1 54 43 4.3 0.8 - 0.0 1.5 1606 10.9 21.0 1606Q 10.9 - 21.0 - 45.51 0 9.93 3.1 4362 821.65 843/431 4361 -
Just Dial 10 U1603 70.5* 95 691 141.8 20.1 - 0.0 21.1 1603 179.6 35.3 - - 17 - - 32.44 2 43.00 43.0 3353 475.40 1077/378 3311 23.7
MCX 10 U1603 51.0 281 235 41.8 8.2 6.50 0.0 2.9 1603 60.5 27.1 - - 7 - - 0.00 0 58.43 143.7 5098 999.55 1144/726 4832 1 21.9
*MT Educare Ltd. 10 U1603 39.8 39 244 29.2 7.3 2.00 0.0 18.8 1606 67.9 3.1 1606Q 67.9 8 3.1 -26 42.78 6 20.90 13.2 533 133.95 200/114 526 19.0
*Quess Corp 10 1603 126.0 29 2918 84.4 6.7 - 0.8 23.4 1606 810.4 21.3 1606Q 810.4 31 21.3 31 89.53 0 7.50 28.6 6657 528.50 651/452 6833 -
82 SHIP - DOCKS/BREAKI NG/ R EPAIRS
IND. COMPOSITE 1220 966 -291 35
*Gujarat Pipavav Port 10 1603 483.4 40 660 236.7 4.9 1.90 0.0 12.3 1606 167.2 59.8 1606Q 167.2 -9 59.8 -26 43.00 0 50.06 48.4 8591 177.70 213/137 8301 39.8
*Reliance Def.& Eng. 10 1603 736.2 23 306 -527.3 -7.2 - 4.3 - 1603 94.7 102.4 - - -73 - - 29.89 100 14.26 112.8 4686 63.65 114/51 11840 -
83 SHIPPING
IND. COMPOSITE 846 7128 922 9
Essar Shipping 10 1603 207.0 223 729 -113.6 -5.5 - 0.6 - 1603 147.8 -38.5 - - -7 - - 74.36 100 9.67 90.2 531 25.65 38/15 3438 -
*Great Eastern 10 1603 150.8 345 1974 609.9 40.5 13.50 0.5 11.7 1606 409.4 103.6 1606Q 409.4 -11 103.6 -36 30.49 0 42.26 72.3 5137 340.70 420/275 5739 9.3
Shipping Corpn. 10 U1603 465.8 148 4112 377.4 8.1 - 0.9 5.5 1603 983.8 -7.0 - - -3 - - 63.74 0 22.68 160.5 3254 69.85 101/55 7602 8.6
*Shreyas Shipping & L 10 1603 22.0 103 313 48.7 22.2 1.30 0.6 21.5 1606 85.1 4.9 1606Q 85.1 12 4.9 -72 73.24 0 1.17 14.3 603 274.80 744/133 739 16.6
84 SUGAR
IND. COMPOSITE 537 26077 -248 26
Bajaj HindusthanSuga 1 U1603 113.4 15 4683 -114.3 -1.0 - 4.0 - 1603 1641.8 125.6 - - -9 - - 26.01 100 50.09 140.4 2001 17.65 24/11 9170 -
Balrampur Chini 1 1603 24.5* 50 2757 99.4 4.1 - 1.2 8.1 1606 826.8 110.7 1606Q 826.8 30 110.7 252 40.82 0 29.89 82.6 2794 114.05 138/37 4288 9.9
Bannari Amman Su 10 U1603 11.4 854 1400 25.2 22.1 - 1.2 2.6 1603 373.8 48.1 - - 55 - - 54.72 83 0.17 7.0 2106 1841.00 2242/575 3276 83.4
*Dalmia Bharat Sugar 2 U1603 16.2 63 1166 58.5 7.2 0.60 1.8 11.3 1606 353.7 48.3 1606Q 353.7 11 48.3 605 74.91 0 4.45 14.6 892 110.25 168/21 1673 7.7
*Dhampur Sugar 10 1603 66.4 63 2183 31.9 4.8 - 3.6 4.5 1606 491.5 33.9 1606Q 491.5 3 33.9 139 50.59 6 10.69 40.6 742 111.70 138/27 2198 4.9
Dwarikesh Sugar 10 1603 16.3 53 794 39.0 23.9 - 7.2 45.4 1606 286.3 31.9 1606Q 286.3 45 31.9 157 48.32 0 3.84 8.9 413 253.15 379/21 999 3.2
EID Parry 1 1603 17.6* 73 2310 -66.5 -3.8 - 0.6 - 1606 581.4 25.3 1606Q 581.4 21 25.3 119 45.27 0 18.12 41.4 4460 253.60 270/123 5189 -
*KCP Sugar & In 1 U1603 11.3 20 510 8.8 0.8 0.25 0.5 3.9 1606 112.7 11.0 1606Q 112.7 56 11.0 150 40.23 0 0.01 24.1 391 34.50 46/12 479 9.4
*Sakthi Sugars 10 U1603 118.8 -1 821 -55.1 -4.6 - 47.1 - 1606 283.6 79.0 1606Q 283.6 45 79.0 447 60.66 13 19.13 40.7 484 40.70 56/14 1234 -
Shree Renuka Sugars 1 U1603 92.9 13 5862 -285.3 -3.1 - 2.0 - 1603 1817.9 220.2 - - -0 - - 55.44 48 4.83 206.5 1454 15.65 19/7 4513 -
Triveni Eng.&Ind.Ltd 1 U1603 25.8 23 1915 -12.3 -0.5 - 2.2 - 1603 468.1 41.7 - - -10 - - 68.21 1 6.35 35.8 1317 51.05 68/20 2661 -
*Ugar Sugar Works 1 U1603 11.3 8 837 11.3 1.0 0.25 2.2 12.0 1606 117.7 1.1 1606Q 117.7 1 1.1 101 45.79 0 0.05 27.6 473 42.00 73/8 647 4.5
*Upper Ganges Sug 10 U1603 11.6 8 837 11.2 9.7 - - 310.2 120.3 1606 269.8 22.9 1606Q 269.8 57 22.9 151 56.36 0 3.43 7.1 400 345.90 533/30 944 5.1
85 TELECOMMUNICATIONS- E QUIPMENT
IND. COMPOSITE 2834 6282 -159 9
GTL Infrastructure 10 U1603 2336.4 -0 619 -547.3 -2.3 - 10.8 - 1603 155.9 -92.8 - - 4 - - 26.91 55 49.35 181.7 516 2.21 4/2 5306 -
Himachal F. Comm 1 U1603 123.9 8 2570 119.0 1.0 - 0.4 11.3 1603 763.9 -135.2 - - -3 - - 38.96 50 12.43 241.6 2064 16.65 25/11 2199 -
ITI 10 U1603 288.0 -66 1190 251.2 8.7 - -0.7 53.2 1606 325.9 11.2 1606Q 325.9 160 11.2 -72 90.00 0 0.42 37.3 792 27.50 35/22 1743 3.6
*Optiemus Infracom 10 U1603 85.8 31 1903 18.1 2.1 - 1.3 6.8 1606 372.6 3.0 1606Q 372.6 -47 3.0 -57 74.92 39 0.00 3.1 462 53.80 99/29 680 33.0

42 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio


Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(12/08/16)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
86 TEXTILES
IND. COMPOSITE 3628 85077 1005 20
Aditya Birla Nuvo 10 1603 130.2* 657 5466 360.0 27.6 5.00 0.4 4.2 1606 1230.3 1102.6 1606Q 1230.3 -46 1102.6 1040 58.40 0 25.80 133.9 16801 1290.15 2364/685 20328 11.5
Alok Industries Ltd. 10 U1603 1377.3 12 11752 -3722.8 -27.0 - 2.4 - 1603 1860.3 -1852.0 - - 165 - - 36.29 96 11.98 221.7 471 3.42 8/3 13104 -
Ambika Cotton Mi 10 U1603 5.9 588 492 44.5 75.7 15.00 0.2 12.9 1606 125.6 12.5 1606Q 125.6 1 12.5 4 48.63 0 4.01 10.7 484 824.30 967/704 531 10.8
*Arvind Ltd. 10 1603 258.2 106 5407 318.9 12.3 2.40 1.0 10.6 1606 1465.8 87.5 1606Q 1465.8 13 87.5 11 43.78 4 38.99 177.0 7892 305.60 366/236 10526 24.1
Ashapura Intimates F 10 U1603 19.5 32 187 12.4 6.4 - 1.2 20.1 1606 52.2 3.1 1606Q 52.2 4 3.1 3 67.73 0 3.32 3.5 587 301.70 328/214 644 47.1
*Bannari Amman Spinni 10 U1603 15.8 173 771 18.6 11.8 1.60 1.5 6.8 1606 203.0 4.9 1606Q 203.0 15 4.9 -18 55.54 0 0.00 6.6 463 293.95 330/168 828 26.5
*Bombay Dyeing 2 1603 41.3 18 1845 -85.2 -4.1 0.50 5.4 - 1606 437.0 -45.5 1606Q 437.0 8 -45.5 15 53.06 10 13.11 105.1 914 44.25 80/39 2839 -
Bombay Rayon Fashion 10 U1603 183.0 148 4172 48.9 2.7 - 2.0 1.8 1603 1197.1 10.3 - - 19 - - 67.69 27 27.45 6.4 3210 175.40 216/108 8248 65.7
Century Enka 10 1603 21.9 342 1144 59.5 27.2 7.50 0.1 7.9 1606 264.4 22.5 1606Q 264.4 -13 22.5 65 25.25 0 8.70 47.1 464 212.35 253/145 513 6.8
*Forbes & Company Ltd 10 U1603 12.9 107 252 2.2 1.7 - 0.7 1.6 1606 51.0 17.6 1606Q 51.0 -22 17.6 1683 73.85 0 12.15 10.8 1683 1305.00 1850/1078 1776 80.5
*Garware-Wall Rop 10 1603 21.9 167 825 61.9 28.3 3.30 0.1 17.0 1606 225.1 19.8 1606Q 225.1 -6 19.8 35 50.63 0 4.45 15.3 1069 488.55 514/260 1016 16.0
*Himatsingka Seid 5 U1603 49.2 88 1021 178.0 18.1 2.50 0.6 20.6 1606 281.5 46.1 1606Q 281.5 12 46.1 4 57.21 0 14.90 22.1 2655 269.65 298/145 3058 14.8
Indian Terrain Fashi 2 U1603 7.5 43 325 33.0 8.9 - 0.3 20.7 1606 63.4 3.5 1606Q 63.4 13 3.5 -35 29.74 69 30.03 11.7 550 147.45 185/102 586 17.6
Indo Count Inds. 10 1603 39.5 140 2032 250.7 63.5 2.00 0.5 39.7 1603 525.0 66.0 - - 26 - - 58.94 0 16.08 31.5 3468 878.50 1248/720 3722 13.8
Indo Rama Synth. 10 U1603 151.8 39 2536 56.0 3.7 1.00 0.6 9.2 1603 657.7 94.6 - - -11 - - 72.00 0 14.38 21.3 520 34.25 40/24 777 9.3
JBF Industries 10 U1603 81.9 143 3621 65.5 8.0 1.00 1.4 5.6 1603 992.7 22.6 - - -21 - - 43.14 34 16.31 29.3 1676 204.75 287/150 2991 25.6
Kitex Garments 1 1603 4.8 77 546 112.1 23.6 1.50 0.2 30.5 1606 119.3 20.9 1606Q 119.3 9 20.9 31 54.24 0 4.25 28.7 2163 455.35 868/340 2005 18.5
*KPR Mill Ltd. 10 1603 37.7 259 1961 155.5 41.3 10.00 0.5 15.9 1606 522.7 45.3 1606Q 522.7 14 45.3 11 74.95 0 16.01 10.3 4208 1116.65 1165/620 4713 26.3
*Lovable Lingerie Ltd 10 U1603 16.8 124 197 23.2 13.8 1.50 0.0 11.1 1606 67.2 12.2 1606Q 67.2 3 12.2 -1 67.23 0 6.06 21.2 434 258.20 306/205 437 18.8
Lux Industries 2 U1603 5.1 72 941 51.3 20.3 1.40 2.5 28.1 1603 273.5 15.4 - - 8 - - 73.71 0 0.00 4.3 1543 611.00 781/534 1781 30.1
Mafatlal Ind 10 1603 13.9 271 1323 17.1 12.3 3.00 0.6 4.5 1606 375.3 7.8 1606Q 375.3 1 7.8 20 74.85 39 2.59 107.6 501 359.85 380/199 609 27.2
*Maxwell Industries L 2 U1603 13.2 13 195 -9.9 -1.5 - 1.1 - 1606 70.9 1.0 1606Q 70.9 22 1.0 -88 65.22 0 0.53 16.1 453 68.55 74/29 545 -
Monte Carlo Fashions 10 U1603 21.7 217 622 58.9 27.1 10.00 0.2 12.5 1606 75.6 2.0 1606Q 75.6 10 2.0 38 64.25 0 8.86 49.2 992 456.30 573/337 975 16.7
Nahar Spg Mills 5 U1603 18.0 225 2038 49.9 13.8 1.50 1.3 6.2 1603 554.6 7.8 - - -7 - - 64.82 0 0.12 38.7 435 120.55 141/80 1395 8.7
*Nandan Denim 10 U1603 48.0 68 1157 63.3 13.2 1.60 1.6 19.5 1606 300.5 16.0 1606Q 300.5 7 16.0 3 58.26 27 11.09 31.5 614 127.80 166/92 977 9.6
*Page Industries Ltd. 10 1603 11.2 453 1783 232.7 208.6 85.00 0.1 46.0 1606 572.4 67.9 1606Q 572.4 28 67.9 8 49.00 0 42.05 31.8 15710 14084.60 15200/9770 15775 66.2
PDS Multi. Fashions 10 U1603 26.0 40 25 0.1 0.1 - 0.1 0.1 1603 2.7 -0.1 - - 435 - - 66.64 0 9.50 19.4 455 174.50 256/160 466 -
*Pearl Global Industr 10 U1603 21.7 137 768 13.3 6.1 3.00 0.4 4.4 1606 199.4 4.5 1606Q 199.4 32 4.5 -2 66.58 0 12.74 20.3 463 213.80 259/184 533 35.1
Raymond Ltd 10 1603 61.4 202 2793 82.1 13.4 3.00 1.0 6.6 1606 539.8 -11.3 1606Q 539.8 -1 -11.3 -38 42.40 0 20.07 108.8 2590 421.95 495/352 3704 32.8
RSWM Ltd. 10 U1603 23.1 233 2969 106.0 45.8 12.50 2.6 19.7 1606 730.1 35.7 1606Q 730.1 4 35.7 24 51.43 0 14.52 14.6 996 430.10 488/252 2110 8.8
*Ruby Mills 5 U1603 8.4* 197 213 40.8 24.4 1.25 1.1 12.4 1606 56.9 8.7 1606Q 56.9 8 8.7 54 74.92 0 0.08 6.6 614 367.05XB 453/155 968 14.0
*Rupa & Company L 1 1603 8.0 46 1013 78.0 9.8 2.75 0.4 21.3 1606 220.3 15.4 1606Q 220.3 6 15.4 2 74.92 0 0.01 4.5 2266 285.00 413/225 2403 29.0
*S P Apparels Ltd. 10 1603 25.2* 54 537 37.4 14.8 - 1.9 27.4 - - - - - - - - - 0 0.00 - 742 295.00 305/290 959 -
Sangam India Ltd 10 U1603 39.4 114 1511 77.0 19.5 2.00 1.4 17.2 1603 387.4 25.6 - - 1 - - 47.35 0 16.41 7.7 1007 255.55 324/186 1538 13.1
Sarla Performance Fi 1 U1603 8.4 28 243 42.7 5.1 1.05 0.6 18.2 1606 61.1 9.0 1606Q 61.1 -3 9.0 28 55.23 0 14.42 6.1 481 57.65 91/47 507 10.8
Siyaram Silk 10 U1603 9.4 557 1619 87.6 93.4 11.00 0.6 16.8 1603 504.9 32.0 - - 8 - - 67.06 0 6.98 10.7 990 1055.90 1255/896 1266 11.3
*SRF Ltd. 10 1603 57.4 463 3647 360.9 62.8 10.00 0.6 13.4 1606 984.8 119.5 1606Q 984.8 2 119.5 13 52.37 0 28.20 52.3 9083 1581.90 1688/1019 10247 24.2
*Sutlej Textiles & In 10 1606 16.4 413 2271 143.4 87.5 13.00 1.0 21.2 1606 552.6 45.1 - - 22 - - 63.89 7 0.63 6.6 1220 744.90 780/380 1892 8.0
Swan Energy Ltd. 1 U1603 22.1 20 319 0.6 0.0 0.05 0.3 0.1 1603 77.4 0.2 - - 8 - - 71.66 26 12.81 6.2 1437 64.95 79/58 1563 -
Trident Ltd. 10 U1603 509.5 33 3706 228.5 4.5 0.90 1.5 13.6 1606 1166.3 78.5 1606Q 1166.3 33 78.5 29 66.49 0 2.60 69.6 2410 47.30 62/30 4605 9.8
Vardhman Textiles Lt 10 U1603 63.7 587 5661 653.0 102.6 15.00 0.6 17.5 1603 1435.5 217.5 - - -5 - - 62.22 0 22.80 21.3 6564 1031.20 1105/652 8174 10.1
Welspun India 1 1603 100.5 19 4868 601.7 6.0 1.30 1.1 32.0 1606 1386.3 182.1 1606Q 1386.3 19 182.1 1 73.48 0 15.84 34.0 10720 106.70 120/67 12801 17.7
Zodiac Clothing 10 1603 19.5 91 303 -3.6 -1.9 1.00 0.4 - 1606 68.1 -0.9 1606Q 68.1 -11 -0.9 -244 60.84 0 9.60 3.4 414 211.90 324/195 476 -
87 TRADING
IND. COMPOSITE 678 37748 928 18
*Adani Enterprises Lt 1 1603 110.0 32 8149 496.3 4.5 0.40 1.7 13.9 1606 2145.9 196.9 1606Q 2145.9 -11 196.9 182 74.99 17 21.03 94.8 8254 75.05 102/58 14139 13.2
Adhiraj Distributors 10 U1603 15.7 10 6 0.1 0.1 - 0.0 0.8 - - - - - - - - 20.40 0 0.00 0.7 408 260.00 262/215 406 -
*Aplaya Creations 1 U1603 14.4 2 21 0.1 0.0 - 0.0 0.4 1606 2.8 0.0 1606Q 2.8 -60 0.0 -91 9.57 0 0.00 0.3 539 37.50 44/37 539 -
Coffee Day Enterpris 10 U1603 206.0 23 49 -110.5 -5.4 - 3.2 - 1606 9.8 -27.3 1606Q 9.8 -14 -27.3 12 52.55 0 9.34 65.1 4878 236.80 318/219 6119 -
Control Print Ltd. 10 1603 15.7 78 135 26.4 16.9 6.00 0.1 21.7 1606 33.7 6.7 1606Q 33.7 6 6.7 12 55.83 0 8.65 10.1 445 283.70XB 424/192 456 16.4
India Motor Part 10 1603 8.3 278 502 26.7 32.1 9.00 0.1 11.5 1606 137.0 6.6 1606Q 137.0 6 6.6 7 30.71 0 8.38 7.1 692 832.35 995/650 650 25.5
KRBL Ltd. 1 U1603 23.5 69 3359 371.4 15.8 1.90 1.0 22.8 1606 799.5 80.9 1606Q 799.5 -21 80.9 -32 58.81 0 7.29 17.4 5811 246.85 306/141 7085 17.5
LT Foods Ltd. 10 U1603 26.7 125 1844 30.4 11.4 1.50 3.0 9.1 1606 420.4 6.2 1606Q 420.4 -12 6.2 -3 67.18 14 1.05 14.8 754 282.80 319/144 1668 25.0
MMTC Ltd. 1 U1603 100.0 14 12503 54.9 0.5 0.30 0.2 3.9 1603 1955.4 23.1 - - -20 - - 89.92 0 6.05 92.8 4330 43.30 52/30 4453 -
*Modi Udyog 10 U1603 30.2 10 86 1.5 0.5 - 0.0 4.7 1606 78.0 1.4 1606Q 78.0 2878 1.4 4825 3.40 0 0.00 1.4 685 226.55 232/202 685 -
MSR India 5 U1603 31.4 5 177 0.8 0.1 0.10 0.0 2.5 1603 62.2 0.1 - - 111 - - 74.51 0 0.00 0.8 564 89.65 177/68 563 -
Richway Intl. Trade 10 U1603 22.1 10 91 0.3 0.1 - 0.0 1.4 - - - - - - - - 26.61 0 0.54 0.6 442 200.00 242/124 439 -
State Trading 10 U1603 60.0 27 10826 17.9 3.0 - 9.2 1.7 1606 2238.5 22.0 1606Q 2238.5 6 22.0 2049 90.00 0 1.95 28.4 666 111.05 198/71 1964 16.2
*Uniphos Enterprises 2 1603 13.9 20 0 11.8 1.7 - 0.0 4.2 1606 0.0 -0.5 1606Q 0.0 -43 -0.5 18 72.19 0 10.82 13.7 376 54.00 61/30 373 31.6
88 TRANSPORT
IND. COMPOSITE 539 12762 1045 31
Container Corpor 10 U1603 195.0 432 5743 786.9 40.4 13.50 0.0 9.3 1606 1339.2 178.5 1606Q 1339.2 -6 178.5 -14 56.79 0 40.03 36.3 27214 1395.80 1660/1051 24627 35.9
IL&FS Transportation 10 1603 329.0 120 4762 173.5 5.3 2.00 2.4 4.4 1603 1514.0 31.1 - - 19 - - 73.21 71 7.91 55.6 2301 69.95 120/64 11110 13.3
TCI Ltd. 2 U1603 15.3 85 2258 85.1 11.1 1.50 0.5 12.8 1603 602.1 24.1 - - 2 - - 66.07 0 11.54 26.8 2571 335.80 388/207 2826 30.2
89 TYRES AND TUBES
IND. COMPOSITE 210 47415 4946 8
Apollo Tyres 1 1603 50.9 78 8702 852.5 16.7 2.00 0.1 21.3 1606 2265.9 236.2 1606Q 2265.9 6 236.2 7 44.14 15 39.93 133.1 8669 170.30 206/128 8966 10.1
Balkrishna Ind. 2 1603 19.3 289 3242 567.7 58.7 5.50 0.5 20.3 1603 879.6 155.0 - - -18 - - 58.29 0 32.72 14.6 7038 728.15 745/551 8024 12.4
Ceat Ltd. 10 1603 40.5 492 5494 452.5 111.9 11.50 0.3 22.7 1606 1455.8 96.5 1606Q 1455.8 3 96.5 -18 50.76 0 31.35 62.5 3550 877.70 1318/731 4138 8.2
*Goodyear India 10 1603 23.1 252 1747 123.1 42.7 12.00 0.0 21.1 1603 295.2 16.1 - - -11 - - 73.99 0 7.93 30.6 1227 531.90 662/443 893 11.4
*JK Tyre & Industries 2 1603 45.4 62 5880 401.0 17.7 2.50 1.7 28.3 1606 1479.9 100.8 1606Q 1479.9 -1 100.8 -4 52.34 0 9.88 102.7 2380 104.95 123/74 4696 6.0
MRF Ltd 10 1603 4.2 1 6020 20244 2327.7 3659.0 100.00 0.3 34.3 1606 3482.0 490.9 1606Q 3482.0 -2 490.9 10 27.49 0 18.96 37.8 15318 36116.45 4 4644/30464 17211 8.9
*PTL Enterprises 2 1603 18.8 12 46 24.2 2.6 1.00 0.0 3.5 1606 12.5 7.3 1606Q 12.5 25 7.3 61 69.82 0 1.56 6.7 1153 122.40 145/42 1150 42.7
TVS Srichakra Lt 10 U1603 7.7 618 2060 197.2 257.6 60.00 0.6 41.6 1603 525.2 51.4 - - 7 - - 45.36 0 2.07 24.1 1830 2389.65 3249/1945 1996 9.3

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 43


Databank Company Index
Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE
Code Closure Code Code Closure Code Code Closure Code Code Closure Code
523395 3M India Ltd. 30 07/30/16 3MINDIA 509557 Garware-Wall Rop 86 08/04/16 GARWALLROP 539981 Max India 67 - MAXINDIA 538635 Snowman Logistics Lt 56 07/29/15 SNOWMAN
531925 52 Weeks Ent. 39 09/23/15 - 532345 Gati Ltd. 27 07/28/16 GATI 532613 Maxwell Industries L 86 09/19/15 MAXWELL 531548 Somany Ceramics Ltd. 18 08/23/16 SOMANYCERA
524348 Aarti Drugs Ltd 72 07/15/16 AARTIDRUGS 532312 Geometric Ltd. 23 07/21/15 GEOMETRIC 522249 Mayur Uniquoters 74 07/05/16 MAYURUNIQ 532221 Sonata Software 23 07/24/15 SONATSOFTW
524208 Aarti Ind. Ltd 19 09/17/15 AARTIIND 500676 GlaxoSmithKlineConsu 40 07/28/16 GSKCONS 532654 McLeod Russel 73 07/28/16 MCLEODRUSS 503806 SRF Ltd. 86 08/01/16 SRF
523204 Aban Offshore 66 09/23/16 ABAN 505255 GMM Pfaudler Ltd 38 09/20/16 - 538962 Minda Corporation 6 09/04/15 MINDACORP 533305 SRS Real Infrastruct 24 08/28/15 -
512599 Adani Enterprises Lt 87 08/03/16 ADANIENT 506480 GOCL Corporation 58 09/17/15 GOCLCORP 532539 Minda Industries 6 08/05/16 MINDAIND 531723 Stampede Capital 46 09/22/15 STAMPEDE
539254 Adani Transmission L 76 08/03/16 ADANITRANS 532424 Godrej Consumer Prod 40 08/08/16 GODREJCP 526642 Mirza International 55 09/23/15 MIRZAINT 530759 Sterling Tools L 37 09/23/15 STERTOOLS
538365 Adhunik Industries 53 09/11/15 ADHUNIKIND 533150 Godrej Properties Lt 24 07/29/15 GODREJPROP 539007 Modi Udyog 87 07/26/16 - 532679 Store One Retail Ind 79 09/21/15 STOREONE
539056 AdlabsEntertainment 39 07/22/16 ADLABS 500166 Goodricke Group 73 07/22/16 - 524084 Monsanto India 70 07/25/15 MONSANTO 526951 Stylam Industries 54 09/26/15 -
517041 Ador Welding Ltd. 37 07/23/16 ADORWELD 500168 Goodyear India 89 08/25/16 - 534312 MT Educare Ltd. 81 08/01/15 MTEDUCARE 517168 Subros Ltd. 6 07/30/16 SUBROS
532811 Ahluwalia Contra 24 09/23/15 AHLUCONT 509488 Graphite India Ltd. 36 08/04/16 GRAPHITE 500460 Mukand Ltd. 53 07/30/16 MUKANDLTD 533306 Summit Securities 46 09/17/15 SUMMITSEC
532683 AIA Engineering 15 09/12/15 AIAENG 500620 Great Eastern 83 08/05/16 GESHIP 520059 Munjal Auto Industr. 6 08/22/16 MUNJALAU 524715 Sun Pharma. 72 10/24/15 SUNPHARMA
513349 Ajmera Realty & Infr 24 08/20/16 AJMERA 538979 Greenlam Industries 54 08/18/16 GREENLAM 520043 Munjal Showa Ltd 6 08/13/16 MUNJALSHOW 520056 Sundaram Clayton 6 08/19/15 SUNCLAYLTD
500710 Akzo Nobel India Ltd 68 07/21/16 AKZOINDIA 500690 GSFC 42 09/03/16 GSFC 532641 Nandan Denim 86 09/23/15 NDL 509930 Supreme Inds. 74 06/22/16 SUPREMEIND
533573 Alembic Pharmaceutic 72 07/22/16 APLLTD 524226 Guj. Amb.Exports 32 08/27/16 GAEL 539551 Narayana Hrudayalaya 50 - NH 532782 Sutlej Textiles & In 86 08/21/16 SUTLEJTEX
539523 Alkem Laboratories 72 - ALKEM 523768 Guj. Borosil Ltd 47 08/03/16 - 513023 Nava Bharat Ventures 30 07/27/16 NBVENTURES 530239 Suven Life Sciences 72 08/08/16 SUVEN
532480 Allahabad Bank 44 06/23/16 ALBK 533248 Gujarat Pipavav Port 82 08/05/16 GPPL 508989 Navneet Education 59 09/23/15 NAVNETEDUL 532276 Syndicate Bank 44 06/18/16 SYNDIBANK
523694 Apcotex Industries L 80 08/01/16 APCOTEXIND 590043 Harita Seating Syst. 6 08/05/15 HARITASEAT 500294 NCC 24 08/10/16 NCC 532390 Taj GVK Hotels & Res 51 07/30/16 TAJGVK
511064 Aplaya Creations 87 09/24/15 - 508486 Hawkins Cookers 25 07/28/16 - 532864 Nelcast Ltd. 15 07/30/16 NELCAST 532890 Take Solutions Ltd. 23 08/20/16 TAKE
532914 Arcotech Ltd. 61 09/21/15 ARCOTECH 500179 HCL Infosystem 22 09/26/16 HCL-INSYS 505355 Nesco Ltd. 30 08/05/16 NESCO 519091 Tasty Bite 40 08/29/15 -
506074 Arshiya 56 07/23/16 ARSHIYA 532281 HCL Technologies 23 12/21/15 HCLTECH 524558 Neuland Laborat 72 08/08/16 NEULANDLAB 501301 Tata Investment 46 07/30/16 TATAINVEST
500101 Arvind Ltd. 86 07/30/16 ARVIND 539787 Healthcare Global En 50 - HCG 533098 NHPC 75 09/10/16 NHPC 500570 Tata Motors Ltd. 8 07/20/16 TATAMOTORS
515030 Asahi India Glass 47 08/07/16 ASAHIINDIA 509631 HEG Ltd. 36 09/22/16 HEG 523385 Nilkamal Ltd. 74 07/29/15 NILKAMAL 500260 The Ramco Cements 16 07/31/15 RAMCOCEM
527001 Ashapura Min. Lt 62 09/18/15 ASHAPURMIN 505720 Hercules Hoists 37 08/06/16 HERCULES 532854 Nitin Fire Protectio 37 09/14/15 NITINFIRE 500413 Thomas Cook (I) 63 08/26/16 THOMASCOOK
524804 Aurobindo Pharma 72 08/25/15 AUROPHARMA 524669 Hester Biosciences L 72 07/23/16 HESTERBIO 526371 NMDC Ltd. 62 09/23/15 NMDC 532779 Torrent Power Ltd. 75 06/15/15 TORNTPOWER
505010 Automotive Axles 6 08/10/16 AUTOAXLES 514043 Himatsingka Seid 86 09/08/15 HIMATSEIDE 500672 Novartis 72 07/16/15 - 526650 Tourism Finance 46 09/12/15 TFCILTD
532395 AXISCADES Engineer 23 08/28/15 AXISCADES 500440 Hindalco Indus. 3 09/08/16 HINDALCO 530367 NRB Bearings Lim 10 08/17/16 NRBBEARING 526582 TPL Plastech Ltd. 74 09/21/15 TPLPLASTEH
500031 Bajaj Electrical 25 07/30/16 BAJAJELEC 523398 Hitachi Home & Life 25 07/18/16 HITACHIHOM 532944 OnMobile Global Ltd. 64 09/02/15 ONMOBILE 533655 Triveni Turbine 34 08/04/15 TRITURBINE
530999 Balaji Amines Li 19 07/24/16 BALAMINES 500191 HMT Ltd. 9 09/22/15 HMT 530135 Optiemus Infracom 85 09/24/15 - 507747 TTK Healthcare Ltd. 72 08/01/16 TTKHLTCARE
532382 Balaji Telefilms Ltd 39 08/25/16 BALAJITELE 522064 Honda Siel Power 34 08/05/16 HONDAPOWER 532466 Oracle Financial Ser 23 09/01/16 OFSS 530131 Udaipur Cement Works 16 09/12/15 -
523319 Balmer Lawrie & 30 09/16/16 BALMLAWRIE 517174 Honeywell Automation 37 07/09/15 HONAUT 502420 Orient Paper 30 08/16/16 ORIENTPPR 539141 UFO Moviez India Ltd 39 09/09/15 UFO
532485 Balmer Lawrie Invest 46 09/05/15 - 500187 HSIL Ltd. 18 09/01/16 HSIL 534076 Orient Refractories 63 09/08/15 ORIENTREF 530363 Ugar Sugar Works 84 09/12/16 UGARSUGAR
532134 Bank of Baroda 44 06/18/16 BANKBARODA 532174 ICICI Bank 43 06/18/16 ICICIBANK 539015 Ortel Communications 39 07/22/16 ORTEL 506685 Ultramarine Pig. 31 08/01/16 -
532149 Bank of India 44 07/11/16 BANKINDIA 532822 Idea Cellular Ltd. 64 09/22/15 IDEA 532827 Page Industries Ltd. 86 08/05/16 PAGEIND 500429 Uniphos Enterprises 87 06/18/16 UNIENTER
532525 Bank of Maharash 44 06/23/16 MAHABANK 511208 IL&FS Investment Man 46 08/02/16 IVC 531349 Panacea Biotec L 72 09/24/15 PANACEABIO 512070 UPL 70 06/18/16 UPL
532674 Bannari Amman Spinni 86 09/22/15 BASML 533177 India Cements Lt 16 08/02/16 IL&FSTRANS 539889 Parag Milk Foods 40 - PARAGMILK 530505 Upper Ganges Sug 84 09/05/15 UPERGANGES
500042 BASF India Lt 19 08/05/16 BASF 532189 India Tourism De 51 09/21/15 - 532808 Pearl Global Industr 86 09/15/15 PGIL 517146 Usha Martin Ltd. 53 08/02/16 USHAMART
506285 BayerCropscience 70 08/31/16 BAYERCROP 532832 Indiabulls Real Esta 24 09/21/15 IBREALEST 539333 Pennar Engineered Bu 37 - PENPEBS 513216 Uttam Galva Steels 53 08/24/15 UTTAMSTL
533095 Bengal & Assam Compa 4 6 09/14/16 - 500850 Indian Hotels Co 51 08/17/16 INDHOTEL 517296 Phoenix Lamps 6 08/28/15 PHOENIXLL 519156 Vadilal Indus. 40 09/18/15 VADILALIND
500493 Bharat Forge 15 07/27/16 BHARATFORG 532612 Indoco Remedies 72 07/22/16 INDOCO 503100 Phoenix Mills 24 09/02/16 PHOENIXLTD 520113 Vesuvius India 63 04/29/15 VESUVIUS
500335 Birla Corporation Lt 16 07/02/16 BIRLACORPN 532150 Indraprastha Med 50 08/20/16 INDRAMEDCO 500331 Pidilite Inds. 19 08/26/16 PIDILITIND 524200 Vinati Organics 19 07/27/16 VINATIORGA
500020 Bombay Dyeing 86 07/29/16 BOMDYEING 539807 Infibeam Incorp 81 - INFIBEAM 500302 Piramal Enterprises 72 07/30/15 PEL 511726 Vipul Ltd. 24 09/18/15 VIPULLTD
532929 Brigade Enterprises 24 09/18/15 BRIGADE 532706 Inox Leisure 39 09/22/15 INOXLEISUR 532366 PNB Gilts Ltd. 46 09/10/16 PNBGILTS 532757 Voltamp Transformers 76 08/01/16 VOLTAMP
532834 Camlin Fine Sciences 19 08/01/16 CAMLINFINE 524164 IOL Chemicals and Ph 19 09/22/15 IOLCP 539347 Pneumatic Holdings 46 08/08/16 PNEUMATIC 509966 VST Industries 40 08/04/16 VSTIND
500110 Chennai Petro. 78 09/01/16 CHENNPETRO 524494 Ipca Laboratorie 72 08/06/16 IPCALAB 532486 Pokarna Ltd. 48 08/04/15 POKARNA 531266 VST Tillers Tr 9 08/23/16 VSTTILLERS
534758 Cigniti Technologies 23 09/15/15 CIGNITITEC 509496 ITD Cementation Indi 24 05/06/16 ITDCEM 532254 Polaris Consulting 23 06/28/16 POLARIS 507410 Walchandnagar 38 02/07/15 WALCHANNAG
500087 Cipla 72 08/13/15 CIPLA 532209 Jammu & Kashmir Bank 4 3 07/13/16 J&KBANK 531768 Poly Medicure Lt 60 09/22/15 POLYMED 500444 West Coast Paper 69 08/20/16 WSTCSTPAPR
506390 Clariant Chemicals ( 31 08/05/16 CLNINDIA 520051 Jamna Auto Inds. 6 08/06/16 JAMNAAUTO 532810 Power Finance Co 46 08/13/16 PFC 526586 Wim Plast Ltd 74 08/17/15 -
500830 Colgate Palm. 40 08/02/16 COLPAL 532617 Jet Airways 2 08/08/15 JETAIRWAYS 534675 Prozone Intu Propert 24 09/24/15 PROZONINTU 505872 WPIL Ltd. 37 08/06/16 -
532179 Corporation Bank 44 06/24/16 CORPBANK 500378 Jindal Saw 53 09/12/15 JINDALSAW 509220 PTL Enterprises 89 07/28/16 PTL 533339 Zen Technologies Ltd 23 09/22/15 ZENTEC
508814 Cosmo Films 74 08/20/16 COSMOFILMS 539597 Jindal Stainless (Hi 53 - JSLHISAR 532693 Punj Lloyd 24 08/03/16 PUNJLLOYD 505163 ZF Steering Gear 6 09/26/16 -
534804 Credit Analysis & Re 81 09/23/15 CARERATING 530007 JK Tyre & Industries 89 08/27/16 JKTYRE 533295 Punj. & Sind Ban 44 06/22/16 PSB 531335 Zydus Wellness Ltd. 40 07/25/16 ZYDUSWELL
533160 Dabur India 40 09/21/15 DBREALTY 523405 JM Financial Ltd. 46 05/25/16 JMFINANCIL 532689 PVR Ltd. 39 09/22/16 PVR 532628 3i Infotech 23 09/16/15 3IINFOTECH
533160 Dalmia Bharat Sugar 84 09/21/15 DBREALTY 532642 JSW Holdings 46 06/28/16 JSWHL 539978 Quess Corp 81 - QUESS 512161 8K Miles Software 23 09/12/15 8KMILES
533160 Datamatics Global Se 23 09/21/15 DBREALTY 533155 Jubilant Foodworks L 40 08/26/16 JUBLFOOD 531500 Rajesh Exports L 29 09/27/15 RAJESHEXPO 512161 9 AUTO - TRACTORS 09/12/15 8KMILES
506401 Deepak Nitrite 19 07/30/16 DEEPAKNTR 530019 Jubilant Life Scienc 72 08/20/16 JUBILANT 534734 Ram Minerals & Chemi 19 09/21/15 - 533292 A2Z Infra Engineer 37 09/20/15 A2ZINFRA
532121 Dena Bank 44 06/22/16 DENABANK 522287 Kalpataru Power 76 08/06/16 KALPATPOWR 520111 Ratnamani Metals 53 08/18/16 RATNAMANI 500002 ABB India 33 04/20/16 ABB
500119 Dhampur Sugar 84 08/23/16 DHAMPURSUG 539276 Kaya L 40 07/29/16 KAYA 504341 Ravindra Energy Ltd. 46 09/21/15 - 500488 Abbott India Ltd. 72 07/12/16 ABBOTINDIA
540047 Dilip Buildcon Ltd. 24 - DBL 590066 KCP Ltd. 16 08/01/16 KCP 530517 Relaxo Footwears 55 09/09/16 RELAXO 500410 ACC 16 02/24/16 ACC
500068 Disa India Ltd. 38 08/04/16 - 533192 KCP Sugar & In 84 09/14/16 KCPSUGIND 533107 Reliance Def.& Eng. 82 08/13/16 RDEL 532268 Accelya Kale Solut 23 09/24/15 ACCELYA
532488 Divi’s Lab 72 08/22/16 DIVISLAB 524174 Kesar Petroprod. 19 09/29/15 - 500325 Reliance Inds. 30 05/12/15 RELIANCE 532762 Action Construction 38 09/18/15 ACE
539524 Dr. Lal Pathlabs Ltd 50 07/22/16 LALPATHLAB 532967 Kiri Industries 31 09/19/15 KIRIINDUS 503169 Ruby Mills 86 09/19/15 RUBYMILLS 532921 Adani Ports & Speci 63 08/02/16 ADANIPORTS
505242 Dynamatic Techno 37 08/05/16 DYNAMATECH 500243 Kirloskar Industries 37 08/09/16 KIRLOSIND 533552 Rupa & Company L 86 09/09/15 RUPA 533096 Adani Power Ltd. 75 08/02/16 ADANIPOWER
500840 EIH Ltd. 51 07/25/16 EIHOTEL 533293 Kirloskar Oil Engine 37 08/03/16 KIRLOSENG 532955 Rural Electrific 46 08/24/16 RECLTD 780018 Adhiraj Distributors 87 09/15/15 -
500123 Elantas Beck India L 19 05/26/16 - 500247 Kotak Mahindra Bank 43 07/16/16 KOTAKBANK 533470 Rushil Decor Ltd. 54 09/19/15 RUSHIL 530117 Adi Finechem 19 06/23/15 ADI
533264 Electrosteel Steels 53 09/17/16 ESL 532400 KPIT Technologies 23 08/16/16 KPIT 540048 S P Apparels Ltd. 86 - SPAL 535755 Aditya Birla Fashion 79 07/18/15 ABFRL
531162 Emami Ltd. 40 07/28/16 EMAMILTD 532889 KPR Mill Ltd. 86 08/19/16 KPRMILL 523025 Safari Indus. 74 08/05/16 - 500303 Aditya Birla Nuvo 86 08/19/16 ABIRLANUVO
533208 Emami Paper Mill 69 08/03/16 - 536170 Kushal Tradelink Ltd 69 06/02/16 - 507315 Sakthi Sugars 84 09/24/15 SAKHTISUG 540025 Advanced Enzyme Tech 4 9 - ADVENZYMES
509525 Empire Inds. 47 07/23/16 - 500510 L & T 30 08/20/16 LT 526521 Sanghi Industrie 17 09/29/15 SANGHIIND 500003 Aegis Logistics Ltd. 56 07/30/16 AEGISCHEM
523754 EPC Industrie Ltd. 63 07/26/16 - 500250 LG Balakrishnan&Bros 6 07/08/16 LGBBROSLTD 532163 Saregama India Ltd. 39 07/16/16 SAREGAMA 500215 Agro Tech Foods Ltd. 32 07/20/16 ATFL
500495 Escorts Ltd. 9 09/10/16 ESCORTS 531241 Linc Pen & Plast 63 08/22/16 LINCPEN 539404 Satin Creditcare 46 07/23/16 SATIN 532331 Ajanta Pharma Lt 72 06/28/16 AJANTPHARM
500136 Ester India 67 09/22/15 ESTER 533343 Lovable Lingerie Ltd 86 09/23/15 LOVABLE 512529 Sequent Scientific 72 09/19/15 SEQUENT 531082 Alankit 46 08/01/16 ALANKIT
508906 Everest Industries L 17 06/23/16 EVERESTIND 532796 Lumax Auto Technolog 6 08/16/16 LUMAXTECH 501423 Shaily Engineering P 74 07/26/16 - 506235 Alembic Ltd. 72 08/03/16 ALEMBICLTD
531599 FDC Ltd. 72 09/26/15 FDC 517206 Lumax Inds. 6 08/01/16 LUMAXIND 538666 Sharda Cropchem 70 08/27/16 SHARDACROP 506767 Alkyl Amines Che 19 07/22/16 ALKYLAMINE
500469 Federal Bank 43 08/02/16 FEDERALBNK 513554 Mahamaya Steel Indus 53 07/05/16 MAHASTEEL 535602 Sharda Motor Ind 6 08/20/15 SHARDAMOTR 532749 Allcargo Logistics 56 08/04/15 ALLCARGO
505744 Federal-Mogul Goetze 6 08/20/16 FMGOETZE 530441 Mahanivesh (Ind) 46 09/26/16 - 533389 Shilpi Cable Technol 13 09/28/15 SHILPI 532633 Allsec Technologies 23 08/04/16 ALLSEC
502865 Forbes & Company Ltd 86 08/20/16 - 500520 Mahi. & Mahi 7 07/23/16 M&M 500387 Shree Cement 16 08/08/16 SHREECEM 521070 Alok Industries Ltd. 86 09/17/16 ALOKTEXT
500033 Force Motors 8 09/19/15 - 539289 Majesco L 23 08/05/16 MAJESCO 520151 Shreyas Shipping & L 83 07/14/16 SHREYAS 526397 Alpha Geo (India 66 09/22/15 ALPHAGEO
532843 Fortis Healthcare 50 09/20/16 FORTIS 533169 Man Infraconstructio 24 08/05/16 MANINFRA 532945 Shriram EPC Ltd. 77 09/18/15 SHRIRAMEPC 538423 Alps Motor Finance 46 09/25/15 -
530023 Fortune Financia 46 08/03/16 - 500268 Manali Petrochem 71 09/12/16 MANALIPETC - Shriram Pistons 6 - SHRIPISTON 532309 Alstom India 76 07/23/16 AIL
533400 Future Consumer Ent. 63 08/23/16 FCEL 531213 Manappuram Finance 46 07/31/15 MANAPPURAM 500550 Siemens Ltd. 37 01/23/16 SIEMENS 500008 Amara Raja Batt. 6 08/08/15 AMARAJABAT
523574 Future Enterprises 79 08/20/15 FEL 500109 Mangalore Refine 78 08/28/16 MRPL 502742 Sintex Industrie 30 08/22/15 SINTEX 531978 Ambika Cotton Mi 86 09/17/15 AMBIKCO
536507 Future Lifestyle 79 08/20/15 FLFL 539207 Manpasand Beverage 11 09/03/16 MANPASAND 538562 Skipper Ltd. 37 08/02/16 SKIPPER 500425 Ambuja Cements Ltd. 16 02/24/16 AMBUJACEM
533265 Gallantt Ispat Ltd. 53 09/22/15 GALLISPAT 500271 Max Financial Servic 46 09/17/15 MFSL 532815 SMS Pharmaceuticals 72 09/24/16 SMSPHARMA 590006 Amrutanjan Health Ca 72 09/12/15 AMRUTANJAN

44 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE
Code Closure Code Code Closure Code Code Closure Code Code Closure Code
520077 Amtek Auto Ltd. 6 12/28/15 AMTEKAUTO 532548 Century Plyboard 54 08/25/16 CENTURYPLY 532285 Geojit BNP Paribas 46 07/28/15 GEOJITBNPP 533047 Indian Metal & F 62 07/20/16 IMFA
515055 Anant Raj Ltd. 24 09/24/15 ANANTRAJ 500040 Century Textiles 30 07/20/16 CENTURYTEX 500171 GHCL 20 07/13/16 GHCL 530965 Indian Oil Corp 78 09/08/15 IOC
532418 Andhra Bank 44 07/15/16 ANDHRABANK 532443 Cera Sanitaryware L 18 07/16/16 CERA 511676 GIC Housing Fi 45 07/16/16 GICHSGFIN 532388 Indian Overseas 44 07/12/16 IOB
590062 Andhra Sugars Lt 30 09/16/15 ANDHRSUGAR 500084 CESC Ltd. 75 07/15/16 CESC 507815 Gillette India Ltd. 40 10/19/15 GILLETTE 533329 Indian Terrain Fashi 86 09/18/15 INDTERRAIN
526173 Andrew Yule & Co 30 07/23/15 - 500085 Chambal Fertilis 42 09/06/16 CHAMBLFERT - GIR Natureview 51 - GIRRESORTS 521016 Indo Count Inds. 86 07/19/16 ICIL
518091 Anjani Portland 16 09/03/15 - 535142 Channel Nine Enterta 39 08/20/16 - 532715 Gitanjali Gems 29 09/19/15 GITANJALI 500207 Indo Rama Synth. 86 07/23/15 INDORAMA
506260 Anuh Pharma Ltd 72 09/19/16 - 511243 Cholamandalam Invest 46 07/25/16 CHOLAFIN 504704 GKW L 37 08/03/15 GKWLIMITED 532514 Indraprastha Gas Ltd 63 09/11/15 IGL
532259 Apar Industries 35 07/30/16 APARINDS 532210 City Union Bank 43 08/13/16 CUB 500660 GlaxoSmithKline Phar 72 07/19/16 GLAXO 532187 IndusInd Bank 43 06/25/16 INDUSINDBK
533758 APL Apollo Tubes 53 08/17/15 APLAPOLLO 533288 Claris Lifesciences 72 07/23/16 - 532296 Glenmark Pharma 72 08/05/16 GLENMARK 506222 INEOS Styrolution 71 08/06/16 INEOSSTYRO
508869 Apollo Hospitals 50 08/01/15 APOLLOHOSP 533278 Coal India Ltd. 62 09/14/15 COALINDIA 532754 GMR Infrastructure L 52 09/16/15 GMRINFRA 533154 Infinite Computer So 23 09/19/15 INFINITE
500877 Apollo Tyres 89 08/03/16 APOLLOTYRE 539436 Coffee Day Enterpris 87 - COFFEEDAY 500163 Godfrey Philips 40 09/23/15 GODFRYPHLP 532777 Info Edge (India) 63 07/19/16 NAUKRI
532475 Aptech Ltd. 23 08/05/15 APTECHT 531344 Container Corpor 88 09/07/16 CONCOR 500164 Godrej Industries Lt 40 08/04/15 GODREJIND 500209 Infosys 23 06/11/16 INFY
516064 Arrow Greentech 74 09/25/15 A RROWGREEN 522295 Control Print Ltd. 87 08/02/16 CONTROLPR 538180 Goldline Intl. 46 09/16/15 - 500210 Ingersoll Rand 21 07/19/16 INGERRAND
535467 Ashapura Intimates F 86 09/02/15 AIFL 506395 Coromandel Internati 42 07/16/16 COROMANDEL 780002 Gracious Software 23 09/09/15 - 539083 Inox Wind Ltd. 38 09/16/15 INOXWIND
523716 Ashiana Housing Ltd. 24 08/11/16 ASHIANA 533144 Cox & Kings L 63 09/19/15 COX&KINGS 532482 Granules India L 72 08/05/16 GRANULES 532851 Insecticides (India) 70 09/14/15 INSECTICID
500477 Ashok Leyland 8 07/15/16 ASHOKLEY 500092 Crisil 81 03/10/16 CRISIL 500300 Grasim Inds. 30 09/05/15 GRASIM 538835 Intellect Design 23 07/11/16 INTELLECT
533271 Ashoka Buildcon Ltd. 24 08/01/16 ASHOKA 500093 Crompton Greaves 33 08/19/16 CROMPGREAV 505710 Grauer & Weil 19 08/06/16 - 539448 InterGlobe Aviation 2 09/15/16 INDIGO
532888 Asian Granito India 18 09/17/16 ASIANTILES 539876 Crompton Greaves Con 3 3 - CROMPTON 501455 Greaves Cotton 37 09/20/16 GREAVESCOT 502330 International Paper 69 08/21/15 IPAPPM
500820 Asian Paints Ltd. 68 06/18/16 ASIANPAINT 500480 Cummins India Lt 37 07/30/16 CUMMINSIND 526797 Greenply Industr 54 07/08/16 GREENPLY 533181 Intrasoft Technologi 23 09/02/15 ISFT
533138 Astec Lifesciences L 70 07/22/16 ASTEC 532175 Cyient Ltd. 23 07/13/15 CYIENT 506076 Grindwell Norton 37 07/28/15 GRINDWELL 500214 Ion Exchange (India) 37 09/01/16 -
532493 Astra Microwave 37 07/22/16 ASTRAMICRO 533160 D B Realty Ltd. 24 09/21/15 DBREALTY 511288 GRUH Finance Li 45 06/14/16 GRUH 532947 IRB Infrastructure D 24 09/19/15 IRB
532830 Astral Poly Technik 74 09/02/16 ASTRAL 533160 Dalmia Bharat 63 09/21/15 DBREALTY 532775 GTL Infrastructure 85 09/23/15 GTLINFRA 533033 ISGEC Heavy Eng 38 07/30/16 -
506820 AstraZeneca Pharma I 72 08/04/16 ASTRAZEN 533160 DB Corp 59 09/21/15 DBREALTY 530001 Guj. Alkalie & C 20 09/04/15 GUJALKALI 500875 ITC Ltd. 40 06/01/16 ITC
532759 Atlanta Ltd. 52 09/22/15 ATLANTA 533160 DCB Bank 43 09/21/15 DBREALTY 500173 Guj. Fluorochemi 19 09/23/15 GUJFLUORO 523610 ITI 85 09/15/15 ITI
531795 Atul Auto Ltd 5 08/25/15 ATULAUTO 533160 DCM Shriram 30 09/21/15 DBREALTY 517300 Guj. Industries 75 08/20/16 GIPCL 506943 J B Chemicals & Phar 72 08/16/16 JBCHEPHARM
500027 Atul Ltd. 31 07/16/16 ATUL 533160 DCW Ltd. 71 09/21/15 DBREALTY 532181 Guj. Mineral Dev 62 09/26/15 GMDCLTD 532940 J Kumar Infraproject 24 09/09/15 JKIL
512573 Avanti Feeds Lim 4 08/08/16 AVANTIFEED 502137 Deccan Cements 16 09/16/15 DECCANCE 512579 Guj. NRE Coke 62 09/13/16 GUJNRECOKE 532705 Jagran Prakashan 59 09/21/15 JAGRAN
519105 AVT Natural Prod 32 08/04/16 AVTNPL 512068 Deccan Gold Mines 62 09/19/16 - 539336 Gujarat Gas 57 12/21/15 GUJGASLTD 512237 Jai Corp Ltd. 53 09/15/16 JAICORPLTD
532215 Axis Bank Ltd. 43 07/09/16 AXISBANK 532760 Deep Industries 81 09/16/16 DEEPIND 500670 Gujarat Narmada Vall 42 08/27/16 GNFC 500219 Jain Irrigation 63 09/14/15 JISLJALEQS
532977 Bajaj Auto Ltd. 5 07/16/16 BAJAJ-AUTO 500645 Deepak Fertilisers 42 08/06/16 DEEPAKFERT 532702 GujaratStatePetronet 71 09/17/15 GSPL 532627 Jaiprakash Power Ven 75 09/05/15 JPPOWER
533229 Bajaj Corp Ltd. 40 07/14/16 BAJAJCORP 532848 Delta Corp Ltd. 24 09/19/15 DELTACORP 538567 Gulf Oil Lubricants 58 09/02/16 GULFOILLUB 532532 JaiprakashAssociates 24 12/17/15 JPASSOCIAT
500034 Bajaj Finance L 46 07/16/16 BAJFINANCE 533137 Den Networks Ltd. 39 09/22/15 DEN 532708 GVK Power & Infrastr 75 08/09/16 GVKPIL 524330 Jayant Agro Org 19 09/07/16 JAYAGROGN
532978 Bajaj Finserv Ltd. 46 07/11/15 BAJAJFINSV 511072 Dewan Housing 45 07/12/16 DHFL 533162 Hathway Cable & Data 39 08/13/16 HATHWAY 522285 Jayaswal Neco Indust 15 09/23/15 JAYNECOIND
500032 Bajaj HindusthanSuga 84 09/10/16 BAJAJHIND 519588 DFM Foods Limi 40 07/16/16 - 531531 Hatsun Agro Prod 40 08/17/16 HATSUN 533207 Jaypee Infratech Ltd 24 08/20/15 JPINFRATEC
500490 Bajaj Holdings & Inv 46 07/16/16 BAJAJHLDNG 532180 Dhanlaxmi Bank 43 09/24/15 DHANBANK 517354 Havells India 33 07/01/16 HAVELLS 514034 JBF Industries 86 09/22/16 JBFIND
502355 Balkrishna Ind. 89 08/03/16 BALKRISIND 507717 Dhanuka Agritech Ltd 70 08/10/16 DHANUKA 517271 HBL Power Systems Lt 33 09/23/16 HBLPOWER 532605 JBM Auto 6 08/27/16 JBMA
500102 Ballarpur Ind. 69 09/24/15 BALLARPUR 500089 DIC India 59 04/16/16 DICIND 500010 HDFC 45 07/19/16 HDFC 511034 Jindal Drilling 66 08/18/15 JINDRILL
500038 Balrampur Chini 84 08/06/16 BALRAMCHIN 532839 Dish TV India Ltd. 39 09/23/15 DISHTV 500180 HDFC Bank 43 07/04/15 HDFCBANK 500227 Jindal Poly Films 67 09/22/15 JINDALPOLY
500039 Banco Products 6 09/06/16 BANCOINDIA 532526 Dishman Pharmaceutic 72 09/12/15 DISHMAN 532873 HDIL 24 09/26/15 HDIL 532286 Jindal St & Pwr 53 07/19/16 JINDALSTEL
500041 Bannari Amman Su 84 09/19/15 BANARISUG 532868 DLF Ltd. 24 08/20/15 DLF 500292 Heidelberg Cement In 16 08/01/15 HEIDELBERG 532508 Jindal Stainless 53 12/15/15 JSL
500043 Bata India 55 07/21/16 BATAINDIA 500124 Dr. Reddy’s Labs 72 07/20/16 DRREDDY 519552 Heritage Foods 40 08/11/16 HERITGFOOD 532644 JK Cement 16 07/28/16 JKCEMENT
500048 BEML Ltd. 38 09/09/15 BEML 523618 Dredging Corpora 63 09/24/15 DREDGECORP 500182 Hero MotoCorp 5 06/03/15 H EROMOTOCO 500380 JK Lakshmi Cement L 16 08/31/16 JKLAKSHMI
509480 Berger Paints I 68 07/28/16 BERGEPAINT 532610 Dwarikesh Sugar 84 07/30/16 DWARKESH 532129 Hexaware Technologie 23 08/30/16 HEXAWARE 532162 JK Paper Ltd. 69 09/08/16 JKPAPER
533303 BF Investment Ltd. 46 09/19/15 BFINVEST 532927 eClerx Services 23 07/07/16 ECLERX 532129 High Ground Enterpri 39 08/30/16 HEXAWARE 522263 JMC Projects 24 08/06/16 JMCPROJECT
532430 BF Utilities Ltd. 75 03/30/15 BFUTILITIE 534839 Eco Friendly Food Pr 1 08/09/16 - 532129 Hikal Ltd. 72 08/30/16 HEXAWARE 513691 JMT Auto Ltd. 6 09/22/15 JMTAUTOLTD
532930 BGR Energy Systems 37 09/21/15 BGRENERGY 532922 Edelweiss Fin. Ser 46 08/01/16 EDELWEISS 509675 HIL 17 07/22/16 HIL 533148 JSW Energy Ltd. 75 07/13/16 JSWENERGY
503960 Bharat Bijlee 35 09/13/16 BBL 505200 Eicher Motors 8 03/13/15 EICHERMOT 500183 Himachal F. Comm 85 09/24/15 HFCL 500228 JSW Steel 53 07/06/16 JSWSTEEL
500049 Bharat Electroni 33 08/22/16 BEL 500125 EID Parry 84 07/29/16 EIDPARRY 500184 Himadri Speciality 62 09/16/15 HCIL 535648 Just Dial 81 09/14/15 JUSTDIAL
533228 Bharat Financial Inc 46 07/18/16 BHARATFIN 523127 EIH Associated 51 07/27/16 EIHAHOTELS 509635 Hind. Composites 6 09/12/15 HINDCOMPOS 532926 Jyothy Laboratories 40 07/16/16 JYOTHYLAB
500103 Bharat Heavy Ele 38 09/16/16 BHEL 505700 Elecon Engg. 38 07/20/16 ELECON 513599 Hind. Copper 61 08/11/15 HINDCOPPER 500233 Kajaria Ceramics 18 08/18/16 KAJARIACER
500547 Bharat Petroleum 78 06/08/16 BPCL 500128 Electrosteel Cas 15 09/03/16 ELECTCAST 515145 Hind. NationalGl 47 09/21/16 HINDNATGLS 533302 Kalyani Investment 46 08/11/16 KICL
590021 Bharat Rasayan 70 09/21/15 BHARATRAS 522074 Elgi Equipments 21 07/23/16 ELGIEQUIP 500186 Hind. Oil Explor 66 09/18/15 HINDOILEXP 500235 Kalyani Steel 53 08/11/16 KSL
532454 Bharti Airtel 64 08/13/16 BHARTIARTL 532219 Energy Developme 75 09/23/15 ENERGYDEV 500104 Hind. Petrol 78 08/01/16 HINDPETRO 532468 Kama Holdings Ltd. 46 08/28/15 -
534816 Bharti Infratel Ltd. 52 08/05/15 INFRATEL 532178 Engineers India 77 09/09/16 ENGINERSIN 500188 Hind. Zinc 61 06/04/16 HINDZINC 780003 Kanak Krishi 1 09/18/15 -
526666 Bhartiya Interna 55 09/15/15 BIL 532700 Entertainment Networ 39 07/28/16 ENIL 500185 Hind.ConstructionCo. 24 07/08/16 HCC 500165 Kansai Nerolac Paint 68 06/16/16 KANSAINER
500055 Bhushan Steel Ltd. 53 09/14/15 BHUSANSTL 539844 Equitas Holdings Ltd 46 06/16/16 EQUITAS 505982 Hinduja Foundries Lt 15 06/07/16 HINDUJAFO 532652 Karnataka Bank 43 07/22/16 KTKBANK
532523 Biocon 72 06/24/16 BIOCON 533261 Eros International M 39 08/21/15 EROSMEDIA 532859 Hinduja Global Solut 23 09/25/15 HGS 590003 Karur Vysya Bank 43 07/14/16 KARURVYSYA
506197 Bliss GVS Pharma 72 09/08/16 BLISSGVS 500133 Esab India 37 07/27/16 ESABINDIA 500189 Hinduja Ventures 23 09/15/16 HINDUJAVEN 532899 Kaveri Seed Company 49 09/26/15 KSCL
BLS Intl BLS International Se 81 - BLS 533704 Essar Shipping 83 08/04/16 ESSARSHPNG 533217 Hindustan Media Vent 59 09/05/16 HMVL 532714 KEC International Lt 76 07/23/16 KEC
526612 Blue Dart Expres 27 07/21/16 BLUEDART 500135 Essel Propack Ltd. 67 06/23/15 ESSELPACK 500696 Hindustan Unilever L 40 06/24/16 HINDUNILVR 517569 KEI Industries 12 09/10/15 KEI
500067 Blue Star 25 07/18/16 BLUESTARCO 534927 Esteem Bio Organic F 1 08/09/16 - 500193 Hotel Leela Ven. 51 09/17/16 HOTELEELA 519602 Kellton Tech Solutio 23 12/09/15 KELLTONTEC
524370 Bodal Chemicals 31 08/22/15 BODALCHEM 531508 Eveready Industr 25 07/18/16 EVEREADY 532662 HT Media 59 09/13/16 HTMEDIA 505890 Kennametal India 37 11/08/16 -
501425 Bombay Burmah 73 07/30/16 BBTC 532511 Excel Crop Care Ltd. 70 07/23/16 EXCELCROP 532799 Hubtown 24 09/23/16 HUBTOWN 502937 Kesoram Industri 30 07/22/16 KESORAMIND
532678 Bombay Rayon Fashion 8 6 09/22/15 BRFL 500650 Excel Industries 70 07/18/16 EXCELINDUS 509820 Huhtamaki PPL 67 04/29/16 PAPERPROD 532732 Kewal Kiran Clothing 79 09/01/16 KKCL
502219 Borosil Glass 47 08/05/16 - 500086 Exide Inds. 6 07/13/16 EXIDEIND 500199 I G Petrochemicals L 19 08/25/16 IGPL 524019 Kingfa Science & Tec 74 09/09/16 -
500530 Bosch Ltd. 6 06/11/16 BOSCHLTD 505790 Fag Bearings Ind 10 04/19/16 FAGBEARING 532835 ICRA Ltd. 81 08/09/16 ICRA 500241 Kirloskar Bros. 37 07/20/15 -
500825 Britannia Ind. 40 08/02/16 BRITANNIA 590024 Fertilisers & Ch 42 09/25/15 FACT 500116 IDBI Bank Ltd. 44 07/16/16 IDBI 500245 Kirloskar Ferrou 53 07/19/16 -
532321 Cadila Healthcar 72 07/25/16 CADILAHC 532768 FIEM Industries 6 09/14/16 FIEMIND 539437 IDFC Bank 43 07/21/16 IDFCBANK 505283 Kirloskar Pneumatic 21 07/23/15 -
532792 Cairn India Ltd. 66 07/12/16 CAIRN 500144 Finolex Cables 13 08/30/16 FINCABLES 532659 IDFC L 46 07/25/15 IDFC 521248 Kitex Garments 86 06/04/16 KITEX
511196 Can Fin Homes 45 07/08/16 CANFINHOME 500940 Finolex Industri 71 07/30/16 FINPIPE 505726 IFB Industries 25 07/16/16 IFBIND 532942 KNR Constructions 24 09/25/15 KNRCON
532483 Canara Bank 44 07/16/16 CANBK 532809 Firstsource Solution 23 07/19/16 FSL 500106 IFCI Ltd. 46 09/15/15 IFCI 523207 Kokuyo Camlin 30 07/25/16 KOKUYOCMLN
532938 Capital First 46 06/29/16 CAPF 533638 Flexituff Internatio 67 07/26/16 FLEXITUFF 532133 IFGL Refracto 63 08/18/15 IFGLREFRAC 532924 Kolte-Patil Develope 24 09/10/15 KOLTEPATIL
511505 Capital Trust Lt 46 09/24/15 - 500150 Foseco India Lim 19 04/23/16 FOSECOIND 517380 Igarashi Motors Indi 33 07/29/16 IGARASHI 530299 Kothari Products 40 09/17/15 KOTHARIPRO
524742 Caplin Point Lab 72 10/31/15 CAPLIPOINT 507488 G M Breweries Ltd. 11 05/12/16 GMBREW 532636 IIFL Holdings 46 07/23/16 IIFL 523323 Kovai Medical 50 08/20/16 -
531595 Capri Global Capital 46 07/18/16 CGCL 505714 Gabriel India 6 07/23/16 GABRIEL 532907 IL&FS Engineering 24 09/16/15 IL&FSENGG 530813 KRBL Ltd. 87 09/17/15 KRBL
513375 Carborundum Uni. 37 07/23/15 CARBORUNIV 532155 GAIL (India) Ltd. 66 08/29/15 GAIL 533177 IL&FS Transportation 88 08/02/16 IL&FSTRANS 533482 Kridhan Infra 52 09/21/15 KRIDHANINF
532282 Castex Technologies 6 12/28/15 CASTEXTECH 509550 Gammon India 24 09/14/16 GAMMONIND 533177 Indag Rubber 80 08/02/16 IL&FSTRANS 500249 KSB Pumps Ltd. 37 04/16/16 KSBPUMPS
500870 Castrol India 58 04/29/16 CASTROLIND 532959 Gammon Infrastructur 52 03/31/15 GAMMNINFRA 590065 India Motor Part 87 08/23/16 IMPAL 532997 KSK Energy Ventures 75 08/19/15 KSK
519600 CCL Products India 73 09/20/16 CCL 513108 Gandhi Special 53 07/27/16 GANDHITUBE 532240 India Nippon Ele 6 08/21/16 INDNIPPON 531882 Kwality 40 09/25/15 KWALITY
500878 Ceat Ltd. 89 08/02/16 CEATLTD 526367 Ganesh Housing 24 09/17/16 GANESHHOUC - India Power Corp 75 09/05/15 DPSCLTD 533519 L&T Finance Holdings 46 08/17/16 L&TFH
532885 Central Bank 44 06/25/16 CENTRALBK 532622 Gateway Distriparks 63 09/12/16 GDL 535789 Indiabulls Housing F 46 09/08/16 IBULHSGFIN 540005 L&T Infotech 23 - LTI
501150 Centrum Capital 46 10/23/15 - 532767 Gayatri Projects 24 09/23/15 GAYAPROJ 532960 Indiabulls Ventures 46 09/08/16 IBVENTURES 526947 La Opala RG Ltd. 47 08/03/16 LAOPALA
517544 Centum Electronics L 33 07/30/16 CENTUM 522275 GE T&D India 76 07/20/16 ALSTOMT&D 532814 Indian Bank 44 06/25/16 INDIANB 500252 Lakshmi Machines 38 07/29/16 LAXMIMACH
500280 Century Enka 86 07/05/16 CENTENKA 530343 Genus Power Infrastr 33 09/02/16 G ENUSPOWER 504741 Indian Hume Pipe 17 07/20/16 INDIANHUME 534690 Lakshmi Vilas Ba 43 06/04/16 LAKSHVILAS

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 45


Databank Company Index
Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE Ticker Company Ind. Book NSE
Code Closure Code Code Closure Code Code Closure Code Code Closure Code
532778 Lanco Infratech Ltd. 52 09/23/15 LITL 535754 Orient Cement Ltd. 16 07/19/16 ORIENTCEM 532663 Sasken Comm.Tech. 23 09/12/15 SASKEN 539658 TeamLease Service 63 07/27/16 TEAMLEASE
500253 LIC Housing Fi 45 08/11/16 LICHSGFIN 533263 Orient Green Power C 75 08/08/16 GREENPOWER 502175 Saurashtra Cemen 16 08/17/16 - 532755 Tech Mahindra Ltd. 23 07/30/16 TECHM
523457 Linde India 63 05/10/16 LINDEINDIA 500315 Oriental Bank of 44 06/17/16 ORIENTBANK 524667 Savita Oil Tech 71 09/05/15 SOTL 533281 Techno Electric & En 38 08/01/16 TECHNO
517518 Lloyd Electric a 25 08/20/16 LLOYDELENG 506579 Oriental Carbon 14 07/16/16 OCCL 500112 SBI 44 06/07/16 SBIN 532804 Technocraft Industri 53 09/24/15 TIIL
532783 LT Foods Ltd. 87 09/14/16 DAAWAT 531859 Oriental Veneer 54 09/24/16 - 534139 Schneider Electric 33 09/17/16 SCHNEIDER 505400 Texmaco Infrastructu 24 09/22/15 TEXINFRA
500257 Lupin Ltd. 72 07/27/16 LUPIN 590086 Orissa Minerals Deve 62 09/16/15 ORISSAMINE 502450 Seshasayee Paper 69 07/16/16 SESHAPAPER 533326 Texmaco Rail & Engin 38 09/22/15 TEXRAIL
539542 Lux Industries 86 - LUXIND 539290 Oswal Green Tech 46 09/24/15 BINDALAGRO 505075 Setco Automotive 6 09/21/15 SETCO 533158 Thangamayil Jeweller 29 07/21/16 THANGAMAYL
532368 Lycos Internet 23 09/22/15 LYCOS 500459 P&G Hygiene&Health 40 10/21/15 PGHH 522034 Shanthi Gears 6 07/16/16 SHANTIGEAR 531373 The Byke Hospitality 51 09/13/16 BYKE
522241 M M Forgings Ltd. 15 08/31/16 MMFL 780017 Parnav Sports Academ 63 08/24/16 - 538685 Shemaroo Entertainme 39 09/15/15 SHEMAROO 522073 The Hi-Tech Gears 6 09/17/16 HITECHGEAR
532720 M&M Fin.Services 46 07/16/16 M&MFIN 532780 Parsvnath Developers 24 09/24/15 PARSVNATH 530549 Shilpa Medicare L 72 09/21/15 SHILPAMED
530199 Themis Medicare Ltd. 72 09/15/15 THEMISMED
507836 Mac Charles 51 09/25/15 - 534809 PC Jeweller L 29 09/12/15 PCJEWELLER 523598 Shipping Corpn. 83 09/16/15 SCI
500411 Thermax 37 08/01/16 THERMAX
780009 Madhuban Const 24 09/24/14 - 538730 PDS Multi. Fashions 86 09/16/15 PDSMFL 532776 Shivam Autotech Ltd. 6 09/02/15 SHIVAMAUTO
539871 Thyrocare Tech. 50 - THYROCARE
500264 Mafatlal Ind 86 08/05/16 - 503031 Peninsula Land L 24 07/30/16 PENINLAND 532638 Shoppers Stop 79 07/25/16 SHOPERSTOP
590005 Tide Water Oil 58 09/22/16 TIDEWATER
524000 Magma Fincorp Ltd. 46 07/29/16 MAGMA 513228 Pennar Industrie 53 09/23/15 PENIND 532670 Shree Renuka Sugars 84 09/23/15 RENUKA
532856 Time Technoplast Ltd 67 09/21/15 TIMETECHNO
500266 Maha. Scooters 5 07/11/15 MAHSCOOTER 533179 Persistent Systems 23 07/19/16 PERSISTENT 532498 Shriram City Uni 46 07/22/16 SHRIRAMCIT
522113 Timken India Ltd 10 08/04/16 TIMKEN
500265 Maha. Seamless 53 08/18/15 MAHSEAMLES 532522 PetronetLNG 71 09/18/15 PETRONET 511218 Shriram Trans.Fi 46 07/20/16 SRTRANSFIN
504966 Tin Plate Co. 61 06/16/16 TINPLATE
539957 Mahanagar Gas 57 - MGL 500680 Pfizer Ltd. 72 06/29/16 PFIZER 511411 Shristi Infrastructu 24 09/12/15 -
532966 Titagarh Wagons Ltd. 38 09/19/15 TWL
532756 Mahindra CIE Auto 15 05/11/16 MAHINDCIE 506590 Phillips Carbon 14 07/15/16 PHILIPCARB 520086 Sical Logistics 56 07/22/16 SICAL
533088 Mahindra Holidays 51 07/23/16 MHRIL 523642 PI Industries 70 09/02/16 PIIND 512131 Signet Industries 71 09/24/15 SIGNET 500114 Titan Company 25 07/26/16 TITAN
532313 Mahindra Lifespace D 24 07/22/16 MAHLIFE 539883 Pilani Investmen 46 09/09/16 PILANIINVS 523838 Simplex Infrastructu 24 09/18/15 SIMPLEXINF 500420 Torrent Pharmac 72 06/17/15 TORNTPHARM
590078 Maithan Alloys Ltd. 41 08/23/16 MAITHANALL 523648 Plastiblends Ind 74 07/15/16 PLASTIBLEN 532795 SITI Cable Network L 39 08/21/15 SITICABLE 532928 Transformers & Recti 76 09/05/15 TRIL
502157 Mangalam Cement 16 09/12/16 MANGLMCEM 539150 PNC Infratech 24 09/22/15 PNCINFRA 503811 Siyaram Silk 86 06/30/15 SIYSIL 500251 Trent Ltd. 79 08/03/16 TRENT
530011 Mangalore Chem. 42 09/19/15 MANGCHEFER 523628 Poddar Housing & Dev 24 07/29/16 - 533206 SJVN Ltd. 75 09/16/15 SJVN 534369 Tribhovandas Bhimji 29 09/13/16 TBZ
503101 MarathonNextgenRea 24 08/21/15 - 524051 Polyplex Corpn. 67 09/24/16 POLYPLEX 500472 SKF India 10 07/12/16 SKFINDIA 521064 Trident Ltd. 86 08/20/16 TRIDENT
531642 Marico Ltd. 40 07/30/16 MARICO 532898 Power Grid Corpo 76 09/09/15 POWERGRID 539861 SKIL Infrastructure 24 09/21/16 SKIL 532356 Triveni Eng.&Ind.Ltd 84 09/21/15 TRIVENI
524404 Marksans Pharma 72 09/26/15 MARKSANS 539302 Power Mech Projects 77 - POWERMECH 505192 SML Isuzu Ltd. 8 07/30/16 SMLISUZU 517506 TTK Prestige L 25 08/01/16 TTKPRESTIG
532500 Maruti Suzuki India 7 09/02/16 MARUTI 539351 Prabhat Dairy 40 - PRABHAT 532784 Sobha 24 07/23/16 SOBHA 504973 Tube Investments 28 07/22/16 TUBEINVEST
533152 MBL Infrastructures 24 08/06/16 MBLINFRA 522205 Praj Industries 38 07/31/15 PRAJIND 532725 Solar Industries Ind 63 09/17/16 SOLARINDS 532515 TV Today Network Ltd 39 08/25/16 TVTODAY
534091 MCX 81 09/14/16 MCX 506022 Prakash Indus. 30 09/22/15 PRAKASH 507514 Som Distilleries 11 09/21/15 SDBL 532800 TV18 Broadcast 39 09/21/15 TV18BRDCST
512267 Media Matrix Worldwi 39 09/21/15 - 539636 Precision Camshafts 6 - PRECAM 520057 Sona Koyo Steer. 6 07/30/16 SONASTEER 532343 TVS Motor Co. Ltd. 5 07/28/15 TVSMOTOR
538834 Meenakshi Enterprise 46 - - 533274 Prestige Estates Pro 24 09/25/15 PRESTIGE 532218 South Indian Ban 43 07/02/16 SOUTHBANK 509243 TVS Srichakra Lt 89 09/16/16 TVSSRICHAK
532865 Meghmani Organics Lt 70 07/19/16 MEGH 526109 Pricol Ltd. 6 08/13/16 PRICOL 534425 Speciality Restauran 51 08/18/16 SPECIALITY 532505 UCO Bank 44 06/23/16 UCOBANK
539126 MEP Infrastructure 52 07/30/16 MEP 532748 Prime Focus 39 12/14/15 PFOCUS 590030 SPIC 42 09/08/15 SPIC 500148 Uflex Ltd. 67 07/26/16 UFLEX
526235 Mercator Ltd. 30 07/23/16 MERCATOR 500338 Prism Cement Lim 16 08/17/16 PRISMCEM 500285 Spicejet Ltd. 2 12/22/15 - 533644 Ujaas Energy 35 09/17/15 UJAAS
500126 Merck Ltd. 72 04/26/16 MERCK 505502 PS IT Infrastructure 46 09/19/15 - 533121 SQS India BFSI 23 07/23/16 SQSBFSI 539874 Ujjivan Financial 46 08/04/16 UJJIVAN
532819 MindTree Ltd. 23 07/12/16 MINDTREE 532524 PTC India 75 09/19/15 PTC 523756 SREI Infrastructure 46 07/29/16 SREINFRA 532538 UltraTech Cement 16 07/07/16 ULTRACEMCO
513377 MMTC Ltd. 87 09/19/15 MMTC 533344 PTC India Financial 46 09/19/15 PFS 530943 Sri Adhikari Bro 39 09/21/15 SABTN
506690 Unichem Labs 72 07/18/16 UNICHEMLAB
533286 MOIL Ltd. 62 08/24/15 MOIL 532461 Punj. NationlBak 44 06/25/16 PNB 513605 Srikalahasthi Pipes 53 08/22/16 SRIPIPES
532477 Union Bank of In 44 06/21/16 UNIONBANK
533080 Mold-Tek Packaging 74 09/13/16 MOLDTKPAC 532891 Puravankara Projects 24 09/17/15 PURVA 536666 Star Ferro & Cement 41 09/06/16 SFCL
507878 Unitech Ltd. 24 09/22/15 UNITECH
513446 Monnet Ispat & Energ 53 09/23/15 MONNETISPA 539678 Quick Heal Technolog 23 07/25/16 QUICKHEAL 501061 State Bank Of Bi 44 05/07/16 SBBJ
533171 United Bank of I 44 06/20/16 UNITEDBNK
505343 Monotype India 46 09/23/15 - 532735 R Systems Internat. 23 06/09/16 RSYSTEMS 532200 State Bank Of My 44 05/07/16 MYSOREBANK
532478 United Breweries Ltd 11 09/16/15 UBL
538836 Monte Carlo Fashions 86 09/23/15 MONTECARLO 532497 Radico Khaitan Ltd. 11 07/06/16 RADICO 512531 State Trading 87 09/21/15 STCINDIA
532432 United Spirits 11 09/22/14 MCDOWELL-N
500288 Morepen Labs.Lt 72 09/12/15 MOREPENLAB 500339 Rain Industries 16 04/29/16 RAIN 532191 StateBnkOfTravan 44 05/07/16 SBT
539123 V B Industries 46 09/22/15 -
517334 MothersonSumiSystems 6 08/29/16 MOTHERSUMI 500355 Rallis India 70 06/14/16 RALLIS 500113 Steel Authority 53 08/23/16 SAIL
534976 V Mart Retail 79 09/23/15 VMART
532892 Motilal Oswal Financ 46 08/03/15 MOTILALOFS 532369 Ramco Industries 17 09/17/15 RAMCOIND 534748 Steel ExchangeIndia 53 09/23/15 -
526299 MphasiS Ltd. 23 08/27/15 MPHASIS 532370 Ramco Systems Lt 23 08/06/15 RAMCOSYS 513262 Steel Strips Wheels 6 09/24/15 SSWL 539331 V-Guard Ind.Ltd. 33 08/24/15 VETO
532440 MPS Ltd. 59 06/28/16 MPSLTD 532527 Ramkrishna Forgings 15 09/05/15 RKFORGE 532374 Sterlite Technologie 13 08/27/16 STRTECH 534976 Va Tech Wabag Ltd. 37 09/23/15 VMART
500290 MRF Ltd 89 08/05/16 MRF 533262 Ramky Infrastructure 24 09/24/15 RAMKY 504959 Stovec Indus. 38 05/19/16 - 532156 Vaibhav Global Ltd. 29 07/21/16 VAIBHAVGBL
508922 MSR India 87 09/26/15 - 532661 Rane (Madras) 6 07/24/15 RML 532531 Strides Shasun L 72 07/23/16 STAR 511431 Vakrangee 23 09/25/15 VAKRANGEE
500108 MTNL 64 09/23/15 MTNL 532987 Rane Brake Lining Lt 6 07/13/15 RBL 532348 Subex Ltd. 23 06/12/15 SUBEX 500439 Vardhman Holdings 46 08/13/16 VHL
533398 Muthoot Finance 46 09/24/15 MUTHOOTFIN 505800 Rane Holdings Ltd. 46 08/05/15 RANEHOLDIN 506655 Sudarshan Chem. 31 08/01/16 SUDARSCHEM 502986 Vardhman Textiles Lt 86 08/29/16 VTL
539917 Nagarjuna Fertilizer 42 11/19/13 NAGAFERT 524230 Rashtriya Chemicals 42 08/21/15 RCF 532872 Sun Pharma Advanced 63 07/23/16 SPARC 533156 Vascon Engineers Ltd 24 09/23/15 VASCONEQ
500296 Nahar Spg Mills 86 09/12/15 NAHARSPING 534597 RattanIndia Infra 52 09/24/15 RTNINFRA 532733 Sun TV Network Ltd. 39 09/18/15 SUNTV 500295 Vedanta 62 06/25/16 VEDL
532256 Nalwa Sons Investmen 46 09/16/15 NSIL 533122 RattanIndia Power 75 09/24/15 RTNPOWER 500403 Sundaram Fasten. 6 08/12/16 SUNDRMFAST 523261 Venky’s (India) Ltd. 49 08/31/15 VENKEYS
524816 Natco Pharma 72 09/21/15 NATCOPHARM 500330 Raymond Ltd 86 05/28/16 RAYMOND 590071 Sundaram Finance 46 07/08/16 SUNDARMFIN 511389 Videocon Industries 25 06/15/16 VIDEOIND
532234 National Alumini 3 09/22/15 NATIONALUM 532805 Redington (India) Lt 22 07/21/16 REDINGTON 500404 Sunflag Iron 53 09/19/15 SUNFLAG 532401 Vijaya Bank 44 06/18/16 VIJAYABANK
523630 National Fertilizers 42 09/17/15 NFL 500111 Reliance Capital 46 09/19/15 RELCAPITAL 535141 Sunstar Realty Devel 24 09/17/15 - 517015 Vindhya Telelink 13 08/12/16 VINDHYATEL
500298 National Peroxid 19 07/29/16 - 523445 Reliance Ind.Inf 77 05/24/16 RIIL 512179 Sunteck Realty Ltd. 24 09/25/15 SUNTECK 507880 VIP Indus. 74 07/18/16 VIPIND
532504 Navin Fluorine Inter 19 07/19/16 NAVINFLUOR 500390 Reliance Infrastruct 75 09/19/15 RELINFRA 532509 Suprajit Enginee 6 09/12/15 SUPRAJIT 532660 Vivimed Labs 72 09/26/15 VIVIMEDLAB
539332 Navkar Corporation L 56 12/07/15 NAVKARCORP 532939 Reliance Power L 75 09/19/15 RPOWER 500405 Supreme Petroche 71 08/22/16 SUPPETRO 500575 Voltas Ltd. 30 08/09/16 VOLTAS
534309 NBCC (India) 24 09/12/16 NBCC 532712 RelianceCommu.Ltd 64 09/19/15 RCOM 500336 Surya Roshni Ltd 53 09/06/16 SURYAROSNI 539118 VRL Logistics Ltd. 56 08/01/15 VRLLOG
502168 NCL Industries 16 09/14/16 NCLIND 532915 Religare Enterprises 46 08/29/16 RELIGARE 532667 Suzlon Energy Ltd. 38 09/23/15 SUZLON 533023 WABCO India 6 07/27/16 WABCOINDIA
532529 NDTV 39 07/27/16 NDTV 535322 Repco Home Finance L 45 09/05/15 REPCOHOME 503310 Swan Energy Ltd. 86 09/05/15 SWANENERGY
523660 Waterbase Ltd. 4 09/24/15 -
532649 Nectar Lifesciences 72 09/24/15 NECLIFE 532687 Repro India Ltd. 59 08/01/16 REPRO 500407 Swaraj Engines 37 07/09/16 SWARAJENG
532144 Welspun Corp 53 06/27/16 WELCORP
500790 Nestle India 40 05/20/16 NESTLEIND 505509 Responsive Industrie 74 09/03/16 RESPONIND 532051 Swelect Energy Syste 33 07/22/16 SWELECTES
532553 Welspun Enterprises 24 09/24/15 WELENT
532798 Network 18 Media & I 46 09/21/15 NETWORK18 780011 Richway Intl. Trade 87 09/22/15 - 517385 Symphony 25 08/03/16 SYMPHONY
514162 Welspun India 86 06/27/16 WELSPUNIND
500304 NIIT Ltd. 23 07/23/16 NIITLTD 520008 Rico Auto Inds. 6 09/23/15 RICOAUTO 539268 Syngene Internationa 63 - SYNGENE
505412 Wendt India 37 07/16/16 WENDT
532541 NIIT Technologies 23 07/26/16 NIITTECH 500366 Rolta India 23 08/18/16 ROLTA 531426 T Nadu Newsprint 69 09/12/15 TNPL
505533 Westlife Development 51 09/21/15 -
530377 Nila Infrastructures 24 08/25/15 NILAINFRA 532983 RPG Life Sciences 72 07/21/16 RPGLIFE 533200 Talwalkars Better Va 63 09/03/16 TALWALKARS
590073 Wheels India Ltd. 6 08/01/16 WHEELS
500307 Nirlon 63 09/09/16 - 533284 RPP Infra Projects L 24 09/03/16 RPPINFRA 500770 Tata Chemicals 20 08/04/16 TATACHEM
500238 Whirlpool of Ind 25 09/06/16 WHIRLPOOL
513683 NLC India L 75 09/10/15 NLCINDIA 500350 RSWM Ltd. 86 09/21/16 RSWM 532301 Tata Coffee Ltd. 73 07/12/16 TATACOFFEE
500730 NOCIL Ltd. 71 07/21/16 NOCIL 500368 Ruchi Soya Inds. 32 09/21/15 RUCHISOYA 500483 Tata Communications 64 07/25/16 TATACOMM 507685 Wipro Ltd 23 07/13/16 WIPRO
532481 NoidaTollBridge 24 09/23/15 NOIDATOLL 539450 S H Kelkar & Company 19 08/01/16 SHK 532540 Tata Consultancy 23 06/08/16 TCS 532300 Wockhardt Ltd. 72 08/06/16 WOCKPHARMA
532555 NTPC 75 09/07/15 NTPC 532710 Sadbhav Engineering 24 09/07/15 SADBHAV 500408 Tata Elxsi Ltd. 23 07/19/16 TATAELXSI 538268 Wonderla Holidays Lt 63 07/26/16 WONDERLA
531209 Nucleus Software 23 07/02/16 NUCLEUS 539346 Sadbhav Infrastructu 77 12/21/15 SADBHIN 500800 Tata Global Beverage 73 08/10/16 TATAGLOBAL 532616 Xchanging Solutions 23 06/21/16 XCHANGING
533273 Oberoi Realty 24 06/27/15 OBEROIRLTY 502090 Sagar Cements 16 09/22/16 SAGCEM 513434 Tata Metaliks 53 06/23/16 TATAMETALI 511012 Yamini Investments 46 09/24/15 -
502165 OCL India Limi 16 09/12/15 OCL 526725 Sandesh 59 09/26/15 SANDESH 500400 Tata Power Co. 75 09/09/16 TATAPOWER 532648 YES Bank Ltd. 43 06/01/16 YESBANK
533106 Oil India Ltd. 66 09/19/15 OIL 504918 Sandur M & I Ore 62 09/14/15 - 513010 Tata Sponge Iron 53 07/06/16 TATASPONGE 505537 Zee Entertainment En 39 07/11/15 ZEEL
531092 OM Metals Infraproje 77 09/25/15 OMMETALS 514234 Sangam India Ltd 86 09/24/15 SANGAMIND 500470 Tata Steel 53 07/30/16 TATASTEEL 533287 Zee Learn Ltd. 23 09/13/16 ZEELEARN
532880 Omaxe Ltd. 24 09/24/15 OMAXE 530073 Sanghvi Movers L 38 09/09/15 SANGHVIMOV 532371 Tata Teleservices (M 64 08/22/16 TTML 532794 Zee Media Corp 39 08/01/15 ZEEMEDIA
500312 ONGC 66 09/02/16 ONGC 500674 Sanofi India 72 04/19/16 SANOFI 532349 TCI Ltd. 88 07/25/15 TCI 504067 Zensar Technologies 23 07/13/16 ZENSARTECH
513121 Oricon Enterprises L 67 08/11/16 ORICONENT 504614 Sarda Energy & Miner 53 08/10/15 SARDAEN 523301 TCPL Packaging 59 08/02/16 - 521163 Zodiac Clothing 86 08/05/16 ZODIACLOTH
504879 Orient Abrasives 37 09/23/15 ORIENTABRA 526885 Sarla Performance Fi 86 09/24/15 SARLAPOLY 533553 TD Power Systems Ltd 34 09/16/16 TDPOWERSYS 534742 Zuari Agro Chemicals 42 08/02/16 ZUARI

46 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Equity Talk Market
Growth
Leads To
Value
Creation
Ruzbeh J Bodhanwala and Shernaz Bodhanwala talk about the fast

V
growing sectors where your money can grow faster
alue-investing is an art of contributes how much to the total calculated using the price data on 15 July
arriving at the value of revenue and earnings of companies listed 2012 and 15 July 2016.
company using its future in India. For analysis we considered a
cash flows. One of the sample of 1000 companies listed on BSE/ Table-1 indicates that Financial sector
cornerstones of business NSE based on market capitalization. Out contributes maximum revenue and
valuation is growth. When an analyst of these companies we selected earnings, but since this sector is facing
makes a model of the company for companies which have reported audited issues regarding Non-performing assets,
calculating its value the backbone of the number for 2016 and have been capital infusion in public sector banks
model is the assumption of growth. consistent in reporting annual numbers etc. there would be some volatility in this
Industry also gives weightage to the between 2012-2016. Companies which sector. Sector with high contribution to
analyst who predicts more accurately changed their financial year were earnings are consumer goods, industrial,
than others. In this article we will focus dropped from the sample. We obtained technology and healthcare. Healthcare
on industries which are showing more data of 131 companies as on the date of sector contributes 3% to the revenue and
growth in terms of revenue and earnings study (15 July 2016). For calculating 13% to the earnings indicating the high
as we can expect these industries to do proportionate share of revenue and profit potential. Moreover, if we look at
better in the future. earnings, we added revenue and earnings average growth in share price of
of all companies and calculated their healthcare sector of the last four years,
Revenue growth is the key but if the proportionate share. CAGR of price was CAGR of 47% is the highest as compared
revenue growth does not translate into
earnings growth then it does not benefit Table-1: Proportionate Share of Revenue and Earnings for 2016
the shareholder. We constantly hear Number of Companies Revenue (%) Earnings (%) CAGR of Price 2012-2016 (%)
COO, CFO talking of plans to increase Basic Materials 10 8 3 28
the revenue and if they are suspecting Consumer Goods 28 10 20 32
growth to be lower than we would see an Consumer Services 7 1 2 35
immediate reaction to the news.
Financials 37 54 30 18
Management of few companies do share
Health Care 10 3 13 47
guidance numbers on expected revenue
and earnings this avoids any earnings Industrials 24 7 20 31
surprises when the quarterly results are Oil & Gas 2 0 -1 -7
disclosed. Technology 11 16 13 35
Utilities 2 1 1 8
Let’s first look at which industry Grand Total 131 100 100 28

48 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


to all other sectors. Investors with low risk appetite seeking maximum growth is happening in
Consumer services, healthcare and
In order to analyse growth within these
steady returns can focus on companies in Utilities. But as we discussed that
industries we calculated Year on year healthcare sector as the data suggest that valuation is driven by cash flows and so
(YOY) growth of revenue and earnings revenue growth should translate in
(EPS) and obtained median values with
this sector has very stable growth in earnings growth we see that in consumer
the industries. revenue and earnings services earnings growth is almost 0%,
this indicates that revenue growth is
Table-2: Median Values of YOY Growth in Revenue and Earning across Industries
Revenue Growth (%) Earnings Growth (%)
happening but cost is also growing in the
2016 2015 2014 2013 2016 2015 2014 2013
same proportion.
Basic Materials -13 6 22 14 -2 11 22 22
Consumer Goods 7 10 13 12 14 13 10 11
Earnings growths are very volatile
Consumer Services 15 13 19 11 0 4 10 5
for Utilities; in 2015 there was a 0%
Financials 9 13 13 20 3 4 0 18
growth which has increased to 17%.
Health Care 15 13 17 18 29 13 28 31
Healthcare is the only sector which has
Industrials 5 10 15 12 23 16 11 7
more consistency of revenue and
Oil & Gas -5 1 4 1 -181 -36 -3 35 earnings growth.
Technology 9 10 12 23 1 -2 2 15
Utilities 15 13 23 21 17 0 30 14 Investors with low risk appetite
All Companies 8 11 15 16 9 9 7 17 seeking steady returns can focus on
companies in healthcare sector as the
As we can see overall revenue growth of growth of 9% can be considered data suggest that this sector has very
8% in 2016 is lower as compared to somewhat in line with the last two stable growth in revenue and earnings
previous years and this is not a great years. When we compare growth in and in the long run will create value for
signal for equity markets. Earnings revenue within industries we see that shareholders. DS

About the authors • Dr Ruzbeh J. Bodhanwala is Professor, FLAME and CA Shernaz Bodhanwala is Assistant Professor, FLAME.

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 49


Expert Speak Personal Finance
Turn Volatility To Advantage: Pitfalls
To Be Careful Of While Investing
in your ability to achieve their investment Th is will not only avoid a mismatch
goals. To beat inflation, you must focus between returns and expectations but
on earning ‘positive real rate of return.’ also ensure that you act according to
To do so, you need to look beyond your risk taking capacity.
traditional investment options like fixed
deposits and small savings schemes and Compromising long-term goals for
invest in market linked products offered short term gains- Many investors suffer
by mutual funds. because they try to time the market. For

Hemant Rustagi
Chief Executive Officer, Wiseinvest Advisors

I
nvestors face many challenges Ignoring tax efficiency of returns- example, in a rising market they invest
through their defined time horizon. While focusing on how much returns more money into equities and in a falling
While some face them at the start of you can get is important, knowing how market they increase their exposure to
the process itself, there are those these returns will be taxed is equally safer investment options like debt funds.
who face dilemmas while tackling important. Many investors make the Needless to say, by making frequent
different market situations. Simply put, mistake of investing in instruments that changes in the portfolio they miss out on
the world of investment has many pitfalls offer guaranteed returns but end up sudden gains. Hence, to avoid a situation
and a wrong step taken to tackle them paying tax at their applicable rate, which like this, you must stick to your asset
can jeopardise your financial future. makes a huge dent in their post tax allocation. Any realignment in it should
returns. Considering that long-term be done by way of rebalancing your
Here are some of the pitfalls that can goals require us to create a large corpus, portfolio once a year.
derail your investment process and how tax effi ciency of returns become utmost
to avoid them: important. Investing in tax effi cient Discontinuing SIP in a volatile
Delaying investment process- Many instruments like mutual funds can allow market- While investing thru SIP is one
investors make the mistake of delaying you to tackle this issue effi ciently and of the best investment strategies, it is
their investment process either because have more money in hand to meet your quite common to see investors
they think they have enough time before requirements at different stages of your discontinuing this process abruptly when
they need to begin investing or because life. the market turns volatile. By doing so,
they feel that they don’t have enough they not only fail to take advantage of the
money to invest. It’s a proven fact that Underestimating risk and /or volatility thru ‘averaging’ but also expose
investing early has many advantages. overestimating returns- It is quite themselves to risk of missing out on
Besides, one can begin investing with as common to see investors either smart gains when the market stabilises.
little as `500 or `1000 thru SIP in mutual underestimating risk and/ or Moreover, the money so withdrawn gets
funds. Th erefore, enrolling for SIP can be overestimating returns which impacts diverted to unproductive activities that
the first wise step to kick-start your them in different ways. While jeopardises their financial future. Having
planned investment process. Remember, underestimating risks makes them take a plan in place ensures that this
a 10 years’ delay will compel you to invest un-necessary risk, over-estimating disciplined approach continues
thrice the amount to compensate for the returns causes a shortfall in what they irrespective of the market condition.
lost time. may require for a particular goal. To Remember, investments made in a
avoid a situation like this, you must make disciplined manner during volatile
Inflation- Inflation is known as a silent careful investment decisions after periods help in enhancing overall
killer as it erodes the value of your assessing your needs as well as giving due returns. Besides, you will be able to turn
money over time. By ignoring inflation, consideration to what to expect and what the volatility to your advantage rather
you may end up compromising big time not to expect from an investment option. than worrying about it. DS

50 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Cover Story Mutual Funds
Balance Your MF Portfolio
With Balanced Funds
Yogesh Supekar and Karan Bhojwani identify five top
Balanced Funds where you can park your money as a part
of wise investment formula. They also explore
the Balanced Fund segment and file this report for
our reader-investors.

I
nvestors in our country have trend in biggest mutual fund market in funds. (An open-end fund is a type of
finally embraced mutual fund as a the world with a 48 per cent share of mutual fund that does not have any
wise investment instrument as it worldwide total net assets in the restrictions on issuance of new shares.
has reflected significant increase of regulated open ended fund market. Majority of mutual funds are open ended
Asset Under Management (AUM). which provide investors with a useful and
Globally the trend indicates there has Arun Gopalan, Vice President convenient investing experience.)
been net cash inflows coming in the (Research) of Systematix Shares & Stocks
mutual funds for seven years in a row. (I) Ltd says, “participation of the HNI In fact, India is just behind China and
The assets of the USA registered and UHNI categories in the MFs is Switzerland if we consider CAGR for the
investment companies exceeded 1206 already on the ascendant, as significant net assets of the regulated open ended
lakh crore rupees in 2015 for the second amount of investment of the moneyed
year in a row highlighting the global class has shifted from direct exposure to
funds when we consider period
the mutual fund route, between 2008 and 2015, according to
especially in the case of ICI Factbook. The net assets for open
equities”. ended funds in India grew by 18 per
cent per annum for a period between
In line with the healthy growth 2008 and 2015. The growth in assets
in assets under management has been phenomenal; much higher
worldwide, India mutual fund than the growth seen in the US and
industry is witnessing steady
growth in its assets under European markets.
management for open ended However, India's share in global mutual

52 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


fund assets stands at a mere 0.45 per cent Worldwide Total Net Assets of HDFC Balanced Fund, L&T
with worldwide total net asset for Regulated Open Ended Fund
regulated open ended funds being COUNTRY 2008 2015 CAGR (%) India Prudence Fund,
`2479 lakh crore. This highlights the CHINA 62805 1263130 65
Franklin India Balanced Fund,
growth potential for the country’s mutual SWITZERLAND 135052 457162 23
fund industry and the catching the Indian INDIA 62805 168186 18 SBI Magnum Balanced Fund
mutual fund industry has to do. Says UNITED STATES 10151925 17752399 10 and Tata Balanced Fund-
Dinesh Rohira, Founder & CEO of LUXEMBOURG 2042317 3565757 10
BRAZIL 479321 743530 8
(Regular Plan) are the top
5nance.com, “mutual funds are gaining
popularity amongst the investors due to KOREA 221991 343293 8 five Balanced Funds which
its ability to deliver superior return as All figure are in million USD Source : ICI Factbook
have been able to perform at
compared to major indices and active technological platforms and improved
management of funds. Rising trend of sentiments have added to the overall AUM for par or better than the pure
investor’s education, adoption to the mutual fund houses. Looking at the inflows equity funds.

In your view are mutual funds in India able to compounding is immense. It is important to
provide adequate risk adjusted returns? How start investing early to really reap the benefits
do Indian equity diversified funds compare of long term investing. Delaying your investments
with its global peers? by five years can reduce your portfolio value by
Indian funds have done an excellent job of as much as 40%-50% at retirement. SIPs are the
providing investors with good risk adjusted best method for most investors to make their
returns. Indian Equity funds have outperformed investments on two counts- it reduces the risk
their respective benchmarks by a fair margin over of market timing by making regular investments
the long term (5+ years). This is the case not just and it also promotes saving discipline.
when it comes to the best performing managers, Investment discipline is another key factor;
but also the average managers unlike global peers investors tend to get jittery or impatient with
where the average manager will struggle to beat their investments in volatile times. Once you
the benchmark. The outperformance is even more have chosen a suitable asset allocation and
pronounced in the mid-cap and the flexi cap funds picked a good set of funds, there is no need to
Kaustubh Belapurkar space where almost all funds have beaten the
benchmark over a 5 year period.
make frequent changes to your portfolio, unless
there is dramatic change in personal circumstances
Director- MorningStar As far as transparency goes , do you think the
or the fund undergoes a fundamental change in
strategy or has a sustained period of
What are the factors which need to be looked MF industry in India is adequately transparent underperformance.
into while picking a wining fund, be it equity or and that retail investors investing in mutual
debt or a balanced fund? fund is getting best possible information if What are the risks an investor needs to
A few factors need to be considered while picking a sought before investing? consider while investing in Balanced Funds?
good fund and those are – The Indian Mutual Fund industry is one of the best Most balanced funds typically invest 65-75% in
• a pedigreed manager, backed by a strong regulated as well as the most transparent in terms equities and the remaining in debt instruments.
investment and research team, of disclosures across the globe. Monthly full But there can be great variation in the style in
• a strategy that is consistently plied, portfolio disclosure makes it easy for investors to which the equity and debt portions are managed.
• backed by a pedigreed asset manager gauge the underlying nature of the portfolio and For instance some funds will invest predominantly
• long term consistent performer make an informed investment decision. Monthly in large cap stocks, whilst others may invest in
• fairly priced factsheets published by the AMCs are available mostly midcap stocks which can be more volatile in
online which contain the Top 10 holdings along the short term or others that will invest in a mix of
Investors should not be swayed by recent returns; with other key statistics and data like portfolio both large and mid-cap stocks. In a similar fashion
rather the focus should be on longer term risk returns, expense ratio, Asset Under Management the debt portion could be invested at the shorter
adjusted returns. It is important to note that the (AuM) & exit loads. risk measures such as standard end or the longer end, which increases the interest
manager may go through phases of deviation; beta & sharpe ratio are also a part of rate sensitivity. Investors should be cognizant of
underperformance over the short term, but good this document. The entire portfolio is also the style of management and choose a fund that
managers will deliver excellent risk adjusted published monthly is available online. suits their risk profile. Also since equities comprise
returns over the longer term. Thus even if the fund majority of the portfolio, balanced funds will be
you are invested in underperforms in the short What mutual fund investing strategy in your volatile over the short term. But that said over the
term do not redeem in a hurry, stay invested for view works best for long term investors? long term balanced funds have done extremely
long term to reap the benefits of mutual fund Three golden rules for investors are: start early, well and in many cases beaten pure equity
investing. invest regularly and stay invested. The power of benchmarks.

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 53


Cover Story Mutual Funds
in SIPs, last three years have witnessed a wealth creation. But equally important is We have seen increasing interest in
growth of 12% CAGR in the overall to adopt a scientific portfolio mutual funds by Indian investors, no
volume of SIP applications increasing construction process, not only when it doubt, but there is a visible trend
from 7 million to exceeding 10 million comes to building a direct equity reflecting a lack of conviction amongst
now.” portfolio but also while building a the Indian investors on the importance of
purposeful mutual fund portfolio. asset allocation, especially when it comes
WHY BALANCED FUNDS? The ideal portfolio construction process to creating wealth in the long run. It is
As an investor of mutual fund, with over should begin with an investor choosing now a common knowledge to those in
2000 odd primary mutual fund schemes an asset allocation strategy. An investor the investment advisory community – as
to invest in, it is not easy to identify top once done with strategy identification to how important is strategic asset
performing mutual fund scheme which pertaining to the asset allocation strategy, allocation, however general investors still
will aid in long term wealth creation. should then implement the strategy remain unaware of one of the most
Identifying the right mutual fund based on his or her risk-and-return important questions that can make the
product indeed is critical for long term expectations. difference to one's portfolio i.e, “how

What are the key risks an investor in Balanced of specific asset class and allocate capital
Funds (equity oriented as well as debt oriented) accordingly saving investors of tactical capital
should consider before investing and who allocation exercise. In the long term everything is
should invest in a Balanced Fund? positive, however strategic asset allocation still
Investors in Balanced Funds need to understand works because it helps the investor to gain capital
specific construct of the fund. Balanced Funds gains from every asset class. Moreover optimal
provide exposure to both debt and equity asset asset allocation would depend on the investor's
class and professional fund managers are in control age and his objective of investment. Depending
of the exposures. Investors need to assess own long on his requirement his allocation should
term goals and devise capital allocation strategy to be done.
determine what level of exposure they can opt
under balanced funds category. Investors also need When it comes to debt funds the most
to take into account whether their risk taking important risk could be the interest rate risk.
ability allows them exposure which is provided by Can you please explain in simple words the
Saravana Kumar mix of asset classes available under the realm of
balanced funds. Investors whose asset allocation
relation between interest rates and fixed
income security prices. Also, how is this risk
CIO, LIC Mutual Fund permits may consider exposure to balanced funds. managed by the fund manager?
I would say both interest and liquidity poses risk
How important is asset allocation for a long as far as debt funds are concerned. If liquidity is
At current levels do you think equity market term investor when it comes to wealth creation negative in the system, it automatically reduces the
valuations are stretched and what are the next and does investing in Balanced Fund help an appetite for investors and hence it impacts the
triggers in equity markets you are keenly individual investor in allocating assets interest rate also. Price and interest rate are
watching for? optimally? inversely related. So if interest rate rises then price
I do not believe equity markets' valuations are Asset allocation is very critical for the wealth of the security falls and vice versa. The risk is
stretched. We need to separate perception from creation – it saves investors from taking undue basically managed by the Fund Manager by taking
reality here. What we are looking at is diverse risks as well as brings in discipline in investment calls on the interest rate movement which depends
range of sectors valued at various levels, there are actions. Time and again, we find the basic flaw in on a number of factors such as inflation, monsoons,
certain sectors like consumers, NBFCs which have thought process of retail investors is focusing on fiscal and monetary policy, developments in the
rallied quite a bit and offer little margin of safety returns and undermining risks involved in various domestic and global economy.
while investing. Whereas certain pockets like IT, asset classes. Investors should consider risk
infrastructure, PSU banks offer relatively decent adjusted returns and correlation of asset classes What factors should an investor consider before
value at price. Even if you consider longer term, while allocating capital. We always recommend a investing in a debt fund?
market has provided 14% CAGR in last 3 years & diversified portfolio of equities, debt & a portion of First of all the investor needs to be clear of his
10% CAGR in last five years – which is decent and gold is a must have for any serious investor. objective of investment. This would help him define
not exorbitant. At the same time, at present Investors need to consider their risk appetite, the period of his investment and accordingly he
juncture market is not in a secular trend, stock timeframe and other regulatory factors before would invest. Secondly if the investor is investing in
specific investments are likely to deliver committing to these asset classes. In a way, a debt Mutual Fund, then he should check the past
outperformance. Though markets would find solace balanced funds typically provide investors ability track record of the particular scheme, scheme
in monsoon or pay hikes, I am watching out for to take help from professional fund managers while investment objectives, Fund Manager's style of
structural reforms like GST, infrastructure creation tactically allocating capital. Within limit set by functioning and his track record as well. This will
and 4G roll-out. These reforms would set the stage Scheme Information Document and regulations, help the investor align his objective of investment
to deliver far reaching impact on the economy. fund managers are able to decide on attractiveness with the appropriate scheme

54 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


FY2018 estimates of net profits of Nifty companies levels that we have seen in the last four years
growth are at 15.7% and 19.2%.If these numbers but we think it might still be early for earnings
come, the markets might continue to inch up else upgrades to happen. As mentioned above, we
there could be problems estimate FY2017 and FY2018 net profits of
Nifty companies to grow at 15.7% and
Investors should be well advised to know that the 19.2% respectively. These figures are more
current rally is driven largely by global liquidity. on the optimistic side and after Q1 numbers
Even though Indian fundamentals are improving, you have started to see downgrades for
they don't warrant the current valuations at which FY17 nos.
we are trading. Hence any investment in equities
needs to be done with a 3 - 5 year view where the Q1FY17 earnings so far has been mixed. There
benefits of improvement in corporate earnings have been patches of improvement in margins
would be visible which has been more visible in the smaller
companies. Among the Nifty companies, around
Prashasta Seth Which sectors are you betting on, now that GST
Bill is passed? Which other reforms you think
half of them are yet to report their earnings.
Among the ones declared, EBITDA is in line with
CEO, IIFL AMC are critical for our economic growth?
We do not see any immediate beneficiaries from
only RIL and Zee surprising positively
meaningfully. Also, the outperformance in net
the GST clearance as it would be a long drawn profits has come from higher non-interest income
Over a period of 3 to 5 years which asset class process of implementation. There would be (private banks), lower SG&A costs (IT companies),
do you think will perform the best? multiple sectors which would benefit from the tax lower finance cost (BHARTI), lower DD&A due to
Over the next 3 to 5 years, equities could be the rationalisation but we would not want to jump the change in depreciation rates (MSIL) and
best performing asset class. The strong growth in gun too early and wait for more clarity. We believe extraordinary gains (HDFC).
the Indian economy coupled with the improvement rising consumerism in India is one theme we
in macroeconomic indicators in an otherwise continue to lay overweight on. We have been Most of the mutual fund houses have good
gloomy world economy, improving corporate extremely bullish on the NBFC space over the last 6 exposure in financial sector. Are you bullish
balance sheets, likely improvement corporate months. We believe with increasing adoption of on the financials as well? Which sector in
earnings gives us the confidence that Indian technology by these players, they are able to your view is showing maximum traction in
equities is well poised to give the best returns penetrate deeper into the economy reach markets growth?
among all asset classes over the next five years. which were traditionally not catered to much by As mentioned above, BFSI space and more
There could be some risks to these expectations if the banks. Within the NBFC space, we have also importantly NBFC segment is the top holding
global economy takes a sharp downturn on the been bullish on gold loan companies which would among all our funds. We have been extremely
back of sluggish growth in developed markets and benefit from the rising gold prices. Apart from bullish on the space and continue to hold
contagion fears from China. In light of these fears NBFCs, we remain bullish on the pharma sector as significant exposure there. Strong growth is being
we believe that gold could be the second best we see good value at current prices owing to the seen in the sector even on a high base. Guidance
performing asset class during this period. sharp correction seen in most of the companies in from the management of these companies
the sector over the last year. We are also positive continues to drive our confidence though we would
At current juncture, do you think equity on consumer discretionary sector which would be be keen to book gains at higher levels. Other
markets are stretched in terms of valuations? benefit from improved rural demand on the back sectors which we believe would see good traction
What would be your advise to investors and of good monsoons and implementation of 7th pay in coming quarters ahead are those engaged in
how do you think investors should participate commission reports power sector. Improving order books and project
in the current market scenario? execution would be key drivers that would lead to
The recent outperformance of India as compared More than more economic reforms, we would be improving traction in the sector.
to other emerging markets has put Indian equity keen to see existing reforms which the government
valuations above the historical average. Indian has done to bear fruits. The government has taken What are the key triggers for the markets you
markets are currently trading at 19x FY2017E EPS several key steps in various industries. These should think to decide the market direction in near to
and 16X FY2018E EPS. Nifty is close to +2SD and bear fruits soon in order to give the needed push for short term?
provides little upside comfort in the near term. further reforms. I think govt. has taken many right In the near term, the markets would be driven by
However the valuation needs to be seen in the steps in the fields of financial inclusion, improved global liquidity being infused by central banks of
context of near zero earnings growth over the last transparency but they aren't great headlines and Japan and Europe. Falling yields in developed
4 years inspite strong GDP growth and hence don't get necessary media attention markets and at the same time improving
improvement in macro-economic fundamentals. If fundamentals of Indian economy and better yields
you look at other measures like P/B or market cap What is your take on earnings upgrade? Do you is attracting money into India. We believe there
/ gap the markets are t very expensive. So If the see Sensex earnings grow at 18 per cent plus in needs to be a substantial catch up in earnings from
earnings growth picks up over the next couple of coming four quarters? How has been the Q1 corporate India in order to sustain such optimism
quarters markets might still give returns inspite of FY17 results so far this season? from global investors else we could be headed for
contraction in the valuation multiples. FY2017 and We think that the earnings will recover from the a painful correction in medium term.

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 55


Cover Story Mutual Funds
Balanced Funds Are Solution To
Investors’ Requirement
Chirag Mehta speaks on importance of the role of a fund manager when it
comes to manning Balanced Funds and ensure good return to the investors

thing. If equities were to fall significantly even that big jump. According to you, will Balanced Funds
fund with such allocation will take a hit. So if it was see similar kind of interest from the investors
a true Balanced Fund for example, if you take in coming years or is this just a short term
Chirag Mehta 2007-08 period where equities grew up fast and
valuations were not making sense a true Balanced
phenomenon?
If you see lot of flows have come in Balanced Funds
Fund which was unbiased would have been more which are equity oriented largely and if you see
Senior Fund Manager, tilted towards debt allocation rather than being the reason for that will be the typical performance
staying in equities. of these Balanced Funds.
Quantum Mutual Fund
Such Balanced Fund would have protected capital These funds having invested in debt and
As an investor in Balanced Funds, what are the in the market fall and then the ability to invest positioning in equity in right time led to some good
key risks that one should keep in mind? more in the market downturn. True Balanced Fund returns from these funds. And that is why there are
It is important that we define Balanced Funds first. would give a larger levy to increase or decrease some interests from the investors because if you
Are we talking about equity oriented fund or debt allocation depending on the risk that he perceives see investors usually have a tendency to chase
oriented fund-if I invest in a product or a Balanced in the market. returns. According to me, the true test of this
Fund thinking it is truly balanced, meaning it is product will be how well it will be marketed.
unbiased to any asset class and it adds flexibility to Balanced Funds are actually a solution to investors’
manoeuvre depending on the risk or the needs because investors typically would not In a rising interest rate environment, beyond a
attractiveness of each of the asset classes. A understand how much to invest in which asset point it will impact the equities if the interest rates
person might get into an equity oriented Balanced class and at what point of time. Balanced Funds are grew significantly higher. There is something called
Fund thinking it is a true Balanced Fund meaning actually a solution to that but if you see there are tolerable inflation and beyond that it starts
that it is unbiased but in effect he finds out that it many Balanced Funds which are equity oriented, impacting equities. Even on debt side it will
was biased towards equity and therefore it fell just to get the tax advantage, in that, it misses out depend on debt fund manager how to position
during market fall. An investor needs to keep in on the flexibility that the fund manager gets to himself in in a rising interest rate scenario by
mind the product in which he is investing into and avoid the risk of that asset class. Investor should playing with the duration so that the impact is
he has to keep his expectation in line with the be aware of these facts and to know clearly what minimal. The fund manager will prefer lower
product he is investing into. If you are investing in are the flexibility and the constraint that the fund duration securities in rising interest rate
equity oriented Balance Fund, it will be at least 65 manager has. environment.
per cent into equity at all point of time. Mostly you
will see funds are typically 25-75 or 70-30 kind of In FY 16 flows in the Balanced Fund have seen a The fund manager will have the flexibility to be

does asset allocation affect one’s important but in reality general investors the modern day investor need of
portfolio?” have often missed the ever essential first diversifying into various asset viz., equity
step in the portfolio construction process and debt. Gold as an asset class is missed
Without going into statistical details it is of strategic asset allocation. out of Balanced Fund. A multi asset fund
opportune to state at this point in time will usually have allocation in equity,
that the asset allocation policy decision It is highly advisable to general investors debt and gold.
should be the priority and the strategy that he or she should, while constructing
used to implement it should be a mutual fund portfolio give adequate Says Gopalan, “There are good levels of
secondary. In other words, it is more weightage to asset allocation. Balanced interest in equity, debt and Balanced
important to select and identify an Fund is one category of mutual fund that Funds from various classes according to
appropriate asset allocation strategy than has asset allocation solution embedded investment needs, signaling a remarkable
selecting the individual funds that can be in the fund itself. A Balanced Fund by its improvement in maturity of investors
used to implement the allocation. very basic operational nature provides and advisors alike. This is also helped
Practically speaking both the steps are tailor made asset allocation solution to further by the fact that at this point in

56 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


able to invest in the entire curve, so if he lowers instrument will be relatively safer in the sense as invest in equity fund and another top
the duration significantly then the impact of rising they will be less volatile. At the same time debt performing debt fund while maintaining an
interest rate will be that much lower to him. instruments will provide less returns whereas allocation of 60-40 in favour of equity. Where
Each market will go through different cycles and it equity will be more volatile and hence risky but is the need for a Balanced Fund and is there any
will depend on the fund manager how he positions will provide you with higher returns. There is a value addition done by the portfolio manager?
himself during each of those cycles and thereby need to balance this out in such a way that you get The 60 per cent investment in equity fund and 40
outperform and meet investor expectation. a portfolio which will give you higher returns with per cent in debt fund is static allocation. Whereas
lower risks. there will be range where the fund managers will,
Can Balanced Funds outperform the equity dependent on risk and attractiveness of that
based schemes in the coming years? According to us gold is very important element in a market, play with allocation which will give fund
There is ability in each of the products to portfolio allocation. If you see gold is one of the manager an ability to protect capital and
outperform. If you can tell me to choose a time only asset available which is negatively correlated outperform. Therefore, static allocation does not
frame I can show you that, that asset class or fund with equities. In rising interest rate environment make any sense. Dynamic allocation of asset class
is superior to other funds for that particular time when equities and debt both tend to not do well is risky i.e. moving of one class to another. If you
frame. It will depend on, as market goes through and equity markets fall sharply, gold normally does look at 2008 market crash, it was a great
different cycles there will be opportunities for each well in such a scenario. opportunity for people to allocate equity and fund
of those funds. It will be largely dependent on managers positioned themselves in such a way
investor preferences on which fund they select. We did a study from 1990 which is interesting. An that they fetch advances of that fall and invest
Because if you see, Balanced Fund as I said is in a allocation of 10 to 15 percent in gold is optimal. It accordingly. Then, I think fund managers protect
way solution to investor requirement on asset helps improve the risk adjusted returns during market fall and then ability to participate in
allocation. significantly. Multi asset allocation in a true sense the market gong higher is much higher.
is a solution to asset allocation needs of the
What is an ideal investment time horizon for investor. Can you give us idea about rebalancing done in
Balanced Mutual Fund schemes and can you balanced mutual funds?
also highlight the importance of asset Why do you think Balanced Fund is popular Suppose, I have started investing into an equity at
allocation? with investors? In other words, what are the `60 and when it becomes `120 then valuations
Markets move in cycles as discussed earlier and in inherent advantages of investing in a Balanced are at high. At this point of time valuations are
different time frame different asset class Fund? such that only `30 can be allocated into equity
outperforms. In 2006-07 and again in 2009-10 The ability for the fund managers like, if you look rather investing `60 will not give desired
period investors having exposure in pure equity at equity mutual funds, most managers are shy objective. As I am just rebalancing my portfolio at
funds could have gained whereas in the tougher towards cash in a big way. The cash level for most that point of time. If market falls back again then I
periods of market downfall a true balanced fund of the funds remain at 4 per cent to 5 per cent. If will allocate that point of time. One, we are
that offers flexibility to the fund manager would there is sudden crash in markets, then this cash suggesting rebalancing of portfolio and getting an
have performed better. You need to give fund level helps them to protect from loss. The balanced optimal asset allocation at a particular point in
manager enough time to perform in different fund managers position themselves funds and time. The exercise of rebalancing of portfolio has to
market cycles. correction in markets utilizes as an advantage. happen periodically at least if not quarterly then
Fund managers try to protect investors by half yearly. The review of the portfolio at
Asset allocation is very very important. When we mitigating risk. particular interval of time is necessary. The retail
had launched a multi asset fund, at that point we investors may not have an expertise, time and
explained that markets can get irrational and you From an investor’s point of view, instead of inclination to do that therefore role of fund
need diversification in your asset portfolio. Debt investing in a Balanced Fund he can simply manager comes into the picture.

time, both equity and debt, have Balanced Fund score is in providing minimum net asset size of `1000 crore
delivered returns as per expectations and low variability in return while have been considered for the selection
both asset classes are expected to remain maintaining healthy returns. In other process. Apart from the net asset criterion,
strong during the next one year. word, top quality Balanced Funds have funds with minimum five years of track
However, we have observed a significant been able to generate quality returns record have been considered. All the
increase in the interest of investors while successfully being able to minimise funds mentioned below have been able to
towards Balanced Funds during recent the risks. outperform Sensex over 3 to 5 years and
months” are essentially growth funds.
We have identified top five Balanced
Indeed, top performing Balanced Funds Funds ideal for investments with a long HDFC Balanced Fund, L&T India
have been able to perform equivalent to term time frame in mind. The top five Prudence Fund, Franklin India Balanced
equity indices, also have been able to funds have been selected within the open Fund, SBI Magnum Balanced Fund and
match performances of some of the ended, equity oriented Balanced Fund Tata Balanced Fund- (Regular Plan) are
equity diversified funds. Where the category. Only those funds with a the top five Balanced Funds which have

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 57


Cover Story Mutual Funds
Different funds to cater to different needs out-performance.
Why Equity ? How long should I stay invested Where is my money invested?
Equity Has potential to generate long- 3 years or more Stocks of different companies It is also observed that participating in
term wealth. mutual fund by way of systematic
Why Debt? How long should I stay Invested? Where is my money invested? investment plan (SIP) can help boost
Debt
For regular Income 1 – 3 years Fixed income instruments such as returns and help investors avoid market
Government securities, Treasury bills,
CDs, CPs etc.
timing risk. Investors taking exposure to
balanced fund should have a long term
Why Balanced? How long should I be invested? Where is my money being
Growth from equity 3-5 years invested?
view in mind and additionally should be
Balanced Stability from Fixed Income Stocks. Fixed Income instruments cautious while investing in an
Protection from Market Volatility & Gold environment when the interest rates in
Why Liquid? How long should I stay invested Where is my money invested? economy are rising as both equity and
Liquid Good use of idle money 1- 60 days Money market instruments, Government debt security prices have tendency
securities & Treasury bills. to trend lower in such an economic
Why ELSS? How long should I stay invested? Where is my money invested? environment.
To generate long-term wealth 3 years or more Stocks of different companies
ELSS and get tax benefits under
Sec 80C.
To summarise, following three steps are
crucial when developing
been able to perform at par or better than allocation and increasing volatility in a smart purposeful mutual fund
the pure equity funds. The average returns equity markets adding Balanced Fund to portfolio:-
delivered by these Balance Funds over a the mutual fund portfolio could be the ✓ Know your risk profile
5- year period on an annual basis are quite key to create wealth in long term. As far ✓ Define investment policy with clear
impressive being in the range of 15 to 20 as picking the winning mutual fund goes, mention of strategic asset allocation
per cent at par with the pure equity funds. an investor should stick with those funds required
with lower expense ratios, lower ✓ Implement the asset allocation by
CONCLUSION portfolio turnover and funds with more picking up top mutual funds schemes
Noting the importance of strategic asset assets under management for consistent which supports the broader strategy.

L&T India Prudence Fund AUM `2360.7 CRORE........................................ AS ON JULY 31, 2016

T
NAV `21.13........................................................AS ON AUG 16, 2016
he fund has a history of five (27th July ,11 to 26th August,11). This The fund recorded its best performance
years performance with the indicates how the fund has performed in during Feb 13 --14 to Feb 13--15 where
performance for last 4 years the bear markets. the fund delivered 59.25 per cent.
being phenomenal. The fund
has not been tested for its The worst yearly performance has Composition
performance in bear market and hence been recorded during between Equity 71.98%
the investors need to factor in the fact Feb 27- 15 to Feb 29-16 where the Debt 22.18%
that the fund has witnessed mostly the fund has generated negative 7.65 Cash 5.84%
good years in the market with the worst per cent returns.
period for the fund being between
February 2015 to February 2016 with Top 5 Holdings (Equity)
the returns being negative 7.65 per cent Stock Weightage
ITC 3.29
during the same period. The biggest Infosys 2.96
draw down for the fund in a given ICICI Bank 2.75
single month has been at 10 per cent HDFC Bank 2.74
in the month of July ,2011 L&T 2.67

Key comments
✓ Handsomely beaten both its benchmark and category every year in the last
four years with average out-performance of 7-8 per cent points.
✓ The equity allocation is mostly in multi cap with higher allocation to mid and
small cap stocks.
✓ Corporate bonds and G-secs are part of the debt portfolio

58 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Franklin India Balanced Fund AUM `1281.1 CRORE......................................... AS ON JULY 31, 2016

F
NAV `102.96.....................................................AS ON AUG 16, 2016
ranklin India Balanced fund has been a consistent performer and has December-08 where the fund delivered a
is characteristically different outperformed its benchmark index by negative return of 41.39 per cent. In a
from its peers covered in this almost 6-9 percentage point over 3 to 5 single month the worst performance
report. The fund is a year period. While recording its best
conservative Balanced Fund performance over 1 year period the fund Composition
and the fund manager believes in taking has delivered 90.23 per cent during 24th Equity 66.24%
lower risks. The fund has been able to Apr-03 and 23rd Apr-04. The worst Debt 26.18%
generate excess risk adjusted returns over performance for the fund was recorded Cash 7.59%
long term and hence has been one of the between 4th December-07 to 3rd
preferred balanced fund by investors.
The net assets invested in the fund is Top 5 Holdings (Equity)
Stock Weightage
`1016.10 crore. The fund's objective is to HDFC Bank 5.11
achieve long-term capital appreciation Axis Bank 4.63
with stability of investment and current Infosys 4.54
income by judiciously balancing between Mahindra & Mahindra 3.09
equity and debt investments. The fund IndusInd Bank 2.43

Key comments
✓ A conservative fund with static asset allocation.
✓ Multi cap equity allocation with a diversified portfolio of large, mid and small
cap stocks.
✓ Debt portfolio focuses on generating regular coupon income and has
performed better in bear markets than in bull markets.

HDFC Balanced Fund AUM `6657.2 CRORE........................................ AS ON JULY 31, 2016

H
NAV `118.98......................................................AS ON AUG 16, 2016
DFC Balanced Fund with comparable to a pure equity funds, thus month the worst performance for the
assets well over `5700 this fund stands a winner with fund has been 25.59 per cent (26Sep
crore has a rich history of generating equal returns comparable 08- 27th Oct -08). The fund managed to
performance spanning 10 returns to an equity fund with lower deliver 100.65 per cent returns for period
years. The fund has risks. Most importantly the fund has of 1 year during 9th March-09 and 11th
exhibited excellent risk adjusted delivered returns over long run in-spite March-10.
performance and seeks to generate of facing two major downturns in the Composition
capital appreciation with equity year 2008 and 2011. The fund Equity 71.01%
component and generate current income performance in the bear market during Debt 28.58%
with it exposure to debt securities. the year 2008 , also its worst year has Cash 0.41%
Under normal circumstances, the been negative 39.43 per cent ;between
scheme will take 60 per cent exposure to Jan 14--2008 and Jan 3-- 2009. In a single
equity while 40 per cent being invested
in debt instruments. However the fund Top 5 Holdings (Equity)
Stock Weightage
manager has aggressively taken higher HDFC Bank 4.95
exposure taking in view the equity Infosys 4.18
out-performance. The 10 year Reliance Industries 3.74
annualised returns for this balanced ICICI Bank 3.70
fund is 15.52 per cent which is L&T 3.28

Key comments
✓ Best positioned for bull markets and has outperformed benchmark index by
7-10 percentage point over 3 to 5 year period.
✓ Higher weightage is given to mid and small capitalisation stocks.
✓ Disciplined and steady asset allocation with debt portion taking due
advantage of falling interest rates.

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 59


Cover Story Mutual Funds
SBI Magnum Balanced Fund AUM `5720.1 CRORE........................................ AS ON JULY 31, 2016

S
NAV `107.20......................................................AS ON AUG 16, 2016

BI Balanced Fund with The best 1 year period for the fund has The fund with great track record
extremely rich track record has been between 24th of Feb-99 to 24th aims to grow capital by investing in
total assets under management Feb-00 when the fund delivered 268.77 balanced portfolio of equity and
of `4593.48 crore. It has been per cent returns. The worst period for debt instruments.
through bear markets and the fund was seen between 9th March-00
emerged as a consistent performer over to 9th March- 01. For any single month Composition
past 4 years. The fund has allocated the worst performance for the fund has Equity 70.36%
about 40 to 50 per cent of its debt been during 31st March-00 to 2nd Debt 29.23%
portfolio to high yielding fixed income May-00 where the fund generated Cash 0.41%
instruments. The fund has invested in negative 41.61 per cent returns.
mid cap stocks to boost the returns in its
equity portion. Top 5 Holdings (Equity)
Stock Weightage
HDFC Bank 5.23
The fund has outperformed the Infosys 3.94
benchmark since over 3 to 5 years by State Bank of India 3.09
generating excess returns of 6-10 Bajaj Finance 2.54
percentage points over the benchmark. eClerx Services 2.45

Key comments
✓ Fund has multi cap equity allocation with a tilt towards mid-cap stocks with a
mix of defensives and cyclicals.
✓ In debt portfolio the 40 to 50 per cent is invested in high yielding credits
✓ The fund has performed better in bull markets when compared to bear
markets.

Tata Balanced Fund –Regular Plan AUM `6579.4 CRORE........................................ AS ON JULY 31, 2016

T
NAV `183.63 .....................................................AS ON AUG 16, 2016

ata Balanced Fund can be by almost 7 to 10 percentage points. For any single month, the fund has
termed as one of the most dropped maximum by 25.07 per cent
consistent funds when it The best 1 year period for the fund has during 24th Sep-08 to 24th Oct -08.
comes to returns and the been between 4th Jan-99 to 4th Jan-00 Composition
predictability of returns is when the fund delivered 120.81 per cent
Equity 72.37%
high for the said fund. The fund seeks to returns. The worst 1 year period for the
Debt 27.18%
deliver steady returns by investing fund has been 14th Jan-08 to 13th Jan-09
Cash 0.45%
optimally in debt and equity where the fund has delivered negative
instruments. The equity portion of 47.16 per cent.
the fund has exposure to 55 to 60
Top 5 Holdings (Equity)
stocks from various capitalisation with a Stock Weightage
mid cap bias when compared to the HDFC Bank 3.79
category. Yes Bank 2.41
Infosys 2.29
The fund has over a period of three to Power Grid Corporation 2.14
five years outperformed the benchmark Sun Pharmaceuticals 1.89

Key comments
✓ Using growth at reasonable price approach , 5-8 companies from single
sectors are hand picked by the fund manager
✓ Gilts and highly rated commercial papers form a major part of the allocation
in the debt portion of the portfolio.
✓ A steady performer , this fund has high predictability of return.

60 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Trackpad
RBL Bank To Raise `1211 Crores Through IPO
R
BL Bank formerly known as Ratnakar Bank, headquartered in
Kolhapur is coming up with an IPO, and it will be the first
private sector bank to come up with an IPO in a decade. The last
private sector bank to launch an Initial Public Offering (IPO) in India
was Yes Bank Ltd., which raised `315 crores in July 2005. Bank has set a
price band of `224-225 for the issue, which will be raised up to
`1,211.2 crore at the lower end of the band. This includes a fresh issue
of shares worth `832.5 crore and a sale of 16.90 million
shares  worth  `378.5 crore by existing shareholders. The fund-raising is
aimed at increasing the bank’s capital base for growth, and to comply
with incremental capital needs under the Basel-III norms as well as
Reserve Bank  of India norms. Kotak Mahindra Capital Co. Ltd., Citigroup Global Markets India Pvt. Ltd., Axis Capital Ltd.,
Morgan Stanley India, ICICI Securities Ltd., IIFL Holdings Ltd., IDFC Securities Ltd., and SBI Capital Markets Ltd., are managing
the share sale. In 2015-16, RBL has reported a revenue of `3,234.85 crores, up from `2,356.49 crores a year ago; and a profit of
`296.8 crores, up from `208.45 crore a year ago. RBL had filed its draft prospectus on June 23, 2015, which was cleared after 13
months. Shares will open for subscription on Aug 19.

Yes Bank To Raise `6885 Crores Through A QIP


P
rivate sector lender, Yes Bank, is all set to raise around
6885 crores in the next 7 months through a Qualified
Institution Placement (QIP). Bank has already started
approaching large investors across geographies and the QIPs
are fairly expected to be well diversified, with a fair
representation of the domestic investors. On the other hand,
Yes Bank has reported a 32.8 per cent rise in net profit to
`731.8 crore during the first quarter ended June 30, as
compared to `551.20 crore in the year-ago period. Bank in
May this year, had received the approval of Cabinet
Committee on Economic Affairs to increase foreign
investment limit to 74 per cent. The approval to raise the
limit was obtained without any sub-limits for investment by
way of issue of non-equity shares and/or other permissible
instruments to eligible non-resident investors. Bank has appointed Goldman Sachs and Morgan Stanley as lead bankers for the
issue. Earlier in 2014, bank had raised $500 million through a QIP. Current issue of the bank is the second largest QIP issued by
a bank; earlier in Jan 2014 SBI had issued QIPs amounting to `8032 crores.

Gitanjali Gems To Raise Upto `110 crores


C
ompany on Aug 11, has informed 2,35,47194 warrants of `10 each at a company for subscription of warrants
BSE, that the board of the premium of `62.39 to persons other than stands forfeited. Gitanjali Group is one of
company has approved to "raise promoters in accordance with SEBI the largest branded jewellery retailers in
funds upto `110 crores by issue of (Issue of Capital and Disclosure the world. It is headquartered in
convertible warrants to promoters/ Requirement) Regulations, 2009. Mumbai, India. Gitanjali sells its
promoter groups/persons other than However 30,51640 warrant holders did jewellery through over 4000 points of
promoters through preferential not exercise the option, therefore sale and enjoys a market share of over 50
allotment". On July 22, company had warrants stand cancelled and the entire per cent of the overall organised
informed bourses that it had issued subscription money received by the jewellery market in India. DS

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 61


Special Report Equity
Decoding The IPO Euphoria:
Pros and Cons Of It
IPO is the latest buzz among individual
investors these days and the good
old charm of IPOs has come back
stronger after few years of absence.
Lohit Bharambe and Bhagyasree
Vivarekar take a long walk along
the Dalal Street and bring this
exhaustive report.

S
hrenikbhai Shah, an individual aspect related to IPO allotments, together have raised `9300 crores as
stock market investor wears a investment on the listing day, wiser against `1200 crores raised in 2013-14
grim look these days whenever decisions evolving IPO applications and and `13600 crores raised during the
he is dragged into a other pros and cons. entire year in 2015.
conversation by his friends on
recent IPOs and profits made thereafter. FY16 remained an IPO centric financial Where every day a new application is
Shah though applied for subscription of year and its magic will continue to hitting the primary market, efforts are
over half-a-dozen IPOs in last less than enthral the investors in FY17 also. being taken by market watchdog SEBI to
six months, unfortunately could end up Q1FY17 was a magnificent quarter and make the IPO listing process viable. One
being allotted only less than 50 shares laid a red carpet for investors. Under such of the biggest revolutions so far is the
from six applications submitted under a rosy scenario, one must understand few launch of ASBA, where investors don’t
through his bank. At times he blames his things which we discuss hereon. need to lock their money in IPOs but just
fortune, sometimes he believes there are block in their banks till allotment.
some loopholes in the allotment systems BREAKTHROUGH IN IPO
not allowing him to get more shares and APPLICATION: WHAT, WHY, HOW OF ASBA?
in few occasions he even prayed before Primary markets have witnessed a virtual ASBA (Applications Supported by
his favourite God on the listing day outcry during 2016. The IPO activities Blocked Amount) supplements the
seeking his divine intervention for more heated up when the companies were traditional method of issuing cheques for
stocks allotted in his account. Nothing striving to come up with public offers making payment in an IPO application.
has worked really so far. There are amid much responses from investors. Several IPO scams had shaken the stock
thousands of individual investors like Out of 13 companies listed in the bourses markets in the past where shady
Shah around us in these days of IPO IPOs since January this year, 12 have operators disgorged illegal gains made by
hoopla. Here we make a sincere attempt been listed at a premium making locking the applicants’ money and
to discuss in detail almost every possible investors smile broad. The companies delaying the recovery on non-allotment.

62 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


ASBA is authorised by SEBI to block IPO Still not much retail, specifically fall under the SCSB list, then they will
applicants’ money in the bank account, the small investors’ participation have to open a separate account in the
which gets debited only if application is in IPO is seen through ASBA. SCSB instead of their regular brokerage
selected for allotment of shares. A large pool still prefers to invest accounts. To add to it not all branches of
through the brokers by issuing the SCSB will have the ASBA facility
ASBA forms are either available in the cheques. available with them.
designated branches of nationalised

Nikhil Khandelwal
banks acting as Self-Certified Syndicate
Banks (SCSBs) or electronically
accessible through internet banking
facility. Investors receive a counterfoil
once the forms are submitted with the
respective branches. ASBA application Managing Director, Systematix Shares & Stocks
forms are different from the regular ones
used for issuing among public. The
withdrawal of bid process has also Suppose a retail investor misses the IPO allotment, then can he bank on the listing
day or not?
been made easy where the withdrawals
Usually the companies open on the 1st day with a heavy premium with most of the
made during the bidding period gets
long term institutional investors, who missed the allocation in the IPO, buying the
deleted immediately and the money gets
shares and the merchant bankers resorting to market making. So the listing day is
unblocked. Investors need not have a DP
usually not ideal for a retail investor to invest into the company, and one should
account with the SCSB, when they are
rather wait for a couple of days for the dust to settle, and valuations to become a
submitting the ASBA forms.
little reasonable. 9 out of 10 cases, you should get the stock at a much more
reasonable price in 2-3 days post listing, unless the stock was priced very cheap
To make the availability of ASBA forms
and there remains a severe shortage of alternatives in the sector for the investors
easy, investors can download the forms
– like in the case of Ujjivan and Equitas.
from BSE or NSE website which bears a
unique application number formulated
Can you give us an idea about SCSB compulsion for ASBA?
to avoid duplication. As of August 2016,
The inclusion of SCSB in the ASBA application was a great innovative step towards
58 banks are SCSBs under the ASBA making the primary markets more efficient; bring in widespread participation from
facility. Applicants just have to fill the investors; and also to reduce the time to market for any IPO. The concept of the
details at the respective SCSB and money only getting BLOCKED during the IPO application process (compared to the
instruct banks to block the amount. The earlier system of account being DEBITED for the IPO application amount), helps in
same information is then uploaded on the investors getting their money debited / returned back to them as soon as the
the bidding platform by the banks. Registrar releases the allotment list.

Before 2008, ASBA was mandatory only Raising of money from primary market is very high during last nine years. Please
for the non-retail investors. However, comment on this phenomenon.
effective May 2010, all investors whether IPOing of a company is generally the most preferred way for profitable and growing
QIBs or retailers can apply for ASBA companies to raise capital. So as the economy grows and businesses grow with it –
where maximum of five applications per the IPO market is expected to remain fairly active. Further, SEBI is making the
issue can be filed from the same bank market more inclusive and transparent – including opening of SME exchanges (to
account. Only the anchor investors who help smaller companies transition to larger bourses) - which are also aiding growth
make an application of minimum of 10 of new companies coming out with IPOs.
crores in an IPO are not allowed to apply
through ASBA. The bids received are
then reflected in the demand graphs of In case of compulsory ASBA, brokers Regular bank employees are made to
the stock exchanges. One can also easily will have to obtain separate Power of serve clients on ASBA where they
withdraw a bid through ASBA before Attorney for operation of bank accounts become reluctant to do this extra task.
allotment and get the application money from clients, for these accounts, which Some of the employees are not even
unblocked by respective SCSB. would be a tedious process. properly trained in the related matter.
Eventually, if the brokers receive
SHORTCOMINGS Alternatively, brokers will have to open applications and decide to send the same
ASBA has helped to eliminate the delays multiple bank accounts since the current to different SCSBs, the time and
of refund process of the unallocated norms only allow for up to five transportation charges would increase
shares. However, ASBA comes with few applications per bank account per issue. and would lead to the timeline lapse as
shortcomings which are likely to be the listing time is now reduced to six
addressed soon. Moreover, if the investors’ banks do not days.

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 63


Special Report Equity
However, the over subscription numbers The application details are drawn out, There is no thumb rule for final
suggest that the new system of ASBA is before the technical rejections, wherein allotment. Ultimately, who will get what
working well. As a matter of fact, SEBI is the number of shares, amount and the within the category is randomly done on
constantly regulating and making number of times the subscription a lottery basis irrespective of number of
amendments in the IPO listing received is calculated. On rejection if allotments received by the individual
mechanism as and when required. ASBA there exists any under subscription in any retailer. No regulator can control the
has been made compulsory for the of the categories, the other categories situation in case of over-subscription.
applicants. To augment the submissions, receive an opportunity. However, According to the new practice, mostly the
SEBI has allowed Registrar and Share sometimes there is over subscription till retail investors who apply for lesser have a
Transfer Agents (RTAs) and Depository the time the IPO issue opens. higher chance of getting subscribed for
Participants (DPs) to accept physical and Bids at the cut off price of the scrip, which allotment of shares. The only solution can
online application forms. had been subscribed are selected for final be to limit the number of applications on
allotment. Other applicants whose bid the first come first serve basis or limit the
HAPHAZARD SELECTION price does not match the cut off price, are number of times subscribed. SEBI is
STILL IN PRACTICE automatically screened out of the total. trying its best to bring down the time gap
Retail investor is the one who applies for between the offer and listing to put a
any IPO with a capital not exceeding `2 The over-subscription ratios are check on the speculative activity and
lakhs. Retail investors are seen actively calculated as against the shares reserved thereby avoid volatility.
participating in IPOs in the recent years for the categories in the company’s offer
leading to over-subscription in almost all document. The ratio then becomes PERFORMANCE OF IPO
scrips. Investors mostly prefer to invest applicable to the number of shares AGAINST SENSEX
in retail category through multiple folios applied to as against that of the allotted IPO index has performed quite in
in the names of their family members to ones. The distribution to retail investors is alignment with the benchmark index. The
ensure allotment. done proportionately but to the QIBs is Sensex has increased by 11.53 per cent
done on a discretionary basis by the against the IPO index that has risen by 16.08
Earlier, before 2013 more than 67 per cent post-issue lead manager. per cent from the start of FY17 till date.
of the issues traded at a discount price and
the retail investors who had submitted
bids with larger lots got stuck as there were
no takers and thereby those retail investors
were allotted maximum shares. Regulators
thereafter feared that the retail investors
may not come again if they lose money in
the primary markets. The launch of ASBA
and other norms by SEBI that reduced the
issue costs and time of the investors led to
higher participation.

In the process of IPO listing, once the


broker receives the applications from
firms, QIBs, NIBs and retail investors,
the brokers place “buy” orders and issue IPOs which rocked on Dalal Street during Q1FY17
an order confirmation slip to the First quarter of FY17 remained blockbuster for IPOs on Dalal Street. Only L&T Infotech’s IPO
disappointed investors on the listing day. In general, IPOs have furnished 21.36 per cent average
applicants. The broker can collect as listing returns during Q1FY17.
much as 100 per cent of the application Issue Issue Subscription List Gain from
money from the clients and deposit the Company Size Price Ratio List Date Price Listing CMP listing day
same money in an Escrow Account with Name (`cr) (`) (%) (`) Gain (%) (`) (%)
the clearing house of the bank. Quess Corp 409.03 317 144.50 12-07-2016 499.00 57.41 561.80 12.6
Thyrocare Tech. 479.21 446 73.55 09-05-2016 662.00 48.43 547.40 -17.3
The weightages are already decided as Advanced Enzyme 289.77 896 116.91 01-08-2016 1210.00 35.04 1464.95 21.1
per the guidelines of SEBI and thereby Equitas Holdings 1531.11 110 17.24 21-04-2016 144.00 30.91 179.80 24.9
the percentage of the offer is allocated to Mahanagar Gas 1039.64 421 65.28 01-07-2016 540.00 28.27 530.10 -1.8
the various categories of applicants. For Ujjivan Financial 887.69 210 40.68 10-05-2016 227.00 8.10 453.05 99.6
instance, not less than 35 per cent of the Infibeam Incorporpn. 540.00 432 1.11 04-04-2016 458.00 6.02 807.25 76.3
offer is usually made available for Bharat Wire Ropes 78.75 45 1.27 01-04-2016 47.35 5.22 43.15 -8.9
allocation to the Retail Individual Parag Milk Foods 737.23 215 1.84 19-05-2016 215.7 0.33 323.90 50.2
Bidders in the book build issue. L&T Infotech 1242.50 710 11.69 21-07-2016 666.6 -6.11 700.70 5.1

64 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Jimeet Modi, CEO, Samco Securities
equities are also banking on new initial
public issues. The waiting list for new
issue approvals exceeds 800 in China,
according to the China Securities
Regulatory Commission's website.
IPOs are seen flooding the market during Q1FY17, as compared to the last nine
The exit route for PE investors of most
years. Can you throw some light on the same?
of the companies are IPOs. During the
A bull market serves as a fund raising market for equity shares, while bear market
first half of 2016, private equity investors
serves fund raising for debt. The pent up demand for equity funds builds up during
sold stake of `3000 crore which was
a bullish market. That is the reason why there are a number of IPOs that have hit
higher than `2340 crore during the year
the market and going forward more and more companies will flood the market to
2015.
raise capital, which will finally culminate into a bull market top, as liquidity will be
sucked out of the system leading to inevitable declines in the market. This goes on
✓ Strong demand: The strong demand
and on, for every bull and bear market.
from individuals for particular IPOs
gives a rising oversubscription ratio in
Do you see exchanges BSE and NSE themselves getting listed during FY 17. Can
recent issues. During Q1FY17 IPOs such
you please throw light with respect to the ongoing conflicts, regarding the
as Quess Corp’s and Advanced Enzymes’
companies getting listed only on their respective exchanges?
Hopefully the exchanges will get listed by the last quarter of this year, as it is
subscription ratio stands at 144.5 and
overdue since long, towards providing an exit route for long term institutional
116.91 respectively; and they have
investors. SEBI will take the final call in the best interest of the investors as far as
provided listing gains of 57.41 per cent
the conflict of listing on respective exchanges is concerned.
and 35.04 per cent respectively.
Meanwhile, there is no guarantee that
Do you think the investor who misses an IPO allotment, should enter in IPOs,
oversubscription has always led to big
banking on the listing day also?
bang listing.
Each IPO is unique and depending upon the pricing of the issue and demand
thereof, the decision can be taken whether buying shares on the listing day makes L&T Infotech, a unit of the largest
sense. But in general, companies belonging to the sunrise sector, or ones that are engineering company, observed its shares
priced at reasonable valuation compared to their peers can be accumulated even drop below offer price on listing day. IPO
post listing for long term gains. of L&T Infotech has been subscribed
about 11.69 times.
Most of the IPOs which came out in recent years provided an exit route for PE
funds and promoters; and funds have not been utilised for expansion purposes. Do you look at IPO investment on its
Can we know the implication of the same from investors’ point of view? listing day?
The start-up culture and the availability of private equity funds has led to more and If you miss IPO allocation on bidding,
more companies comprising of such ownership structures to give exits through the then you may think of buying such stocks
IPO. As such these practices will be the norms for this decade. However each IPO on their listing day. As on an average
will have to be assessed on its own merits as to the sustainability of its earnings IPOs have given listing returns of 21.36
and growth thereof. per cent from issue price. Contrary to
that, if you have bought IPOs on listing
Most of the investors look at IPOs for trading and not for a long term investment. day then average returns stand at 26.2 per
Will you comment on the same? cent for Q1FY17 period. We have
Generally during the bull markets, new IPOs get listed at premiums, and this analysed IPOs for last one year and have
attraction makes amateurs think that making money is easy in stock market; concluded that buying IPOs on the
therefore this becomes the herd mentality. Majority of IPO allottees sell off the listing day can also be profitable.
shares on the first day of listing because they do not perform a price and value
analysis, and that is the reason why they are not able to keep the shares for the long Monte Carlo Fashions, Adlabs
term. For example, when Bharti Airtel’s shares were listed a decade ago, they were Entertainment, MEP Infrastructure and
trading at a discount to IPO price, but later on rose 20 times over a period of the UFO Moviez have disappointed investors
superseding 5 years. Those who did proper price value analysis have baited profits. so far. Overall, 65 per cent IPOs have
performed consistently for the period of
last one year. The share price of
REASONS FOR MORE FY17 till date BSE IPO index has Manpasand Beverages has increased
TRACTION IN IPO increased by about 16.08 per cent, more than double. The valuation of
✓ Handsome returns : From last two outperforming the BSE Sensex which has Wonderla Holidays, Shemaroo
years, BSE IPO Index has surged more risen by 11.53 per cent. Entertainment, PNC Infratech has risen
than double, beating the 25.79 per cent more than 50 per cent since last one year.
annual gain in the Sensex. From start of ✓ PE exits: On the global front, the US Upcoming IPOs in FY17

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 65


Special Report Equity
Issue Listing Listing 3Mth 6Mth 9Mth 12Mth in the telecom sector, Vodafone India’s
company Name Price Date Price Retrun in % IPO is expected to hit the markets in
Wonderla Holidays 125.00 09-05-2014 164.75 40.15 89.71 75.45 60.39 Q1FY18 to raise nearly 17-18 thousand
Snowman Logistics 47.00 12-09-2014 75.00 35.87 14.47 18.87 32.40 crores. The money will be spent to reduce
Sharda Cropchem 156.00 23-09-2014 254.1 -1.22 17.36 33.39 12.48 debt and make spectrum payments.
Shemaroo Entertainment 170.00 01-10-2014 180.00 -6.03 2.33 36.56 54.56 Meanwhile, the company is trying to
Monte Carlo Fashions 645.00 19-12-2014 585.00 -16.45 -12.35 -24.31 -21.49 finalise the blueprint by November.
Ortel Communications 181.00 19-03-2015 181.00 -4.48 18.23 -1.60 -5.00 Nearly seven bankers have been
Adlabs Entertainment 180.00 06-04-2015 167.95 -6.52 -32.84 -19.80 -46.59
appointed to bring investors on board.
Inox Wind 325.00 09-04-2015 400.00 12.33 -8.21 -11.93 -38.71
VRL Logistics 205.00 30-04-2015 288.00 31.18 41.44 39.27 39.22 CONCLUSION
MEP Infrastructure 63.00 06-05-2015 63.00 -12.38 -16.75 -35.40 -35.48
IPO market has always remained
UFO Moviez 625.00 14-05-2015 600.00 1.46 -8.00 -22.58 -13.13
investor centric. It has been witnessing
PNC Infratech 378.00 26-05-2015 381.00 17.35 38.78 21.92 52.23
more subscriptions on all of the
Manpasand Beverages 320.00 09-07-2015 291.00 44.26 68.38 55.67 112.27
categories including retail. We have seen
Syngene International 250.00 11-08-2015 295.00 23.66 27.12 25.00 41.81
filing of IPOs, ASBA and the historical

Dharmesh Mehta, MD & CEO, Axis Capital


✓ Insurance Companies IPOs:
The department of financial services
is working out on the valuation of the
four public sector general insurance
companies. IPO of New India
Assurance Company will be the first There are many IPOs that have been launched in Q1FY17 and many more to come in the
to hit the markets during FY17. United current fiscal year. Do you think as an investor one should be prepared to allocate more
India Insurance, Oriental Insurance funds to the IPOs as an investment strategy rather than deploying more funds in the
Company and National Insurance secondary market at current point of time when valuations are rich for equities?
Company are other government- Yes investors should allocate more capital to IPOs which are at a reasonable valuation .
owned general insurance companies, Also new businesses with higher growth profile are entering the markets at a decent
the IPOs of which may follow later. valuation hence one has seen the success of the recent IPOs .

What could be the reason for such a flurry of IPOs coming to markets in this quarter
✓ Exchanges’ IPOs :
alone? Is it because of the increasing appetite among investors for IPOs?
BSE is going to list on the exchange
Its just coincidental the IPOs have bunched up this quarter . IPOs have at least 6 months
during FY17. BSE may look to raise
lead time to hit the markets hence they were filed many months before and as the
`800 crore through its IPO. The
markets were bullish it was easier to launch them in the current environment also
Exchange has already appointed
resulting in post listing success .
Edelweiss Financial Services as the lead
merchant banker and AZB & Partners Can you comment on the forthcoming IPOs and the kind of response you foresee for
and Nishith Desai Associates as legal these issues?
advisors to the issue. If the IPOs are properly priced one will witness strong demand . There is enough liquidity
in the system and with so many successful listings investors are looking forward for
On the financial front, BSE has quality IPOs at reasonable valuations . If the IPOs are over priced one has seen poor
reported a 40 per cent increase in its response and poor listing which shows that every IPO wont sell or make you money
consolidated net profit at `52.72 crore hence be selective and be price conscious .
for Q1FY17 on a yearly basis. The
exchange’s total income has risen by 15 Corporation of India (10.51 per cent); performance of listing of IPOs.
per cent to `165.42 crore in Q1FY17 as Goldman Sachs (5 per cent); Tiger Global Meanwhile, a large number of IPOs has
compared to same period in previous (3 per cent); and Citigroup Strategic given strong returns even after the listing
financial year. Holdings Mauritius (2 per cent). days. Investors should also look at the
National Stock Exchange of India (NSE), ICICI Prudential Life Insurance newly listed stocks which are giving
the operator of India’s largest bourse is Company has also filed a DRHP with handsome returns within a short period
also looking for raising money from the SEBI for an IPO and will raise about of time. However, in recent days, the
primary market. NSE too is looking for `5000 crore from the primary markets. street is creating hype over every single
overseas listing by April 2017. It would file ICICI Bank will sell 12.65 per cent stake IPO, whether deserving or not. Hence,
a DRHP by January 2017. This will give in its subsidiary ICICI Prudential Life one also needs to look at IPOs which
an exit opportunity to institutional Insurance Company. have been listed at a high premium, but
investors such as State Bank of India (SBI) eventually have given negative returns to
(holds 10.19 per cent); Life Insurance To match steps with the other listed peers the investors in the near term. DS

66 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


QueryBoard
Investment Horizon
Query-Specific

HCL TECH ABM KNOWLEDGEWARE


I want suggestion on HCL Tech whether I should
keep or exit as I have already lost `10,000. I had
purchased the stock at a price of `850 each 200 shares bought at `150. Should I hold?
 - ARUN KUMAR  - Hemubha C Chudarama

HOLD HOLD
BSE/NSE Code 532281/HCLTECH BSE/NSE Code 531161
Face Value `2 Face Value `5
CMP `795 CMP `106
52-Week High `997 / Low `706.50 52-Week High `157.50/Low `83.50
Your Current --- Your Current ---
Profit/(Loss) Profit/(Loss)

T T
he fourth largest IT company by market capitalisation, he company is basically an IT company dealing in
HCL Tech is a leader in worldwide big data consulting and computer programming and consultancy to provide
systems integration services. The company bears negligible e-governance solutions to nearly 4.2 Million G2C and
debt as compared to its networth and debt is reducing since June G2B services annually. ABM is one of the few companies in
2012. The company also maintains a healthy dividend payout 22 India which possesses IPRs and trade marks for its
per cent and dividend yeild of 2 per cent that suggests stability. e-governance contributions and role play. The projects are
The March quarter 2016 saw a gradual upbeat where revenues mostly in government sector and funded by public finance
increased 6 per cent at `11336.32 crores while net profits rose entities. The clientele ranges from individual to large
marginally 6 per cent at `2055 crores. During the quarter, the organisations. The products of the company include ABM
company paid interest of ` 28.18 crores. On the whole, margin MAINet, ABM CARE, ABM MOIS 2000, CRM solutions and
contraction and slowdown in infrastructure service, that ABM GRP. In the year 2016 the company has mainly focused
contributes nearly 36 per cent of the total revenues, drove the on automation of support functions and software development
stock prices down. However, the annual revenues for the year processes. The company has forayed into cloud computing and
ended June 2016 show a growth of 15.7 per cent at `42472.96 M-governance for mobile applications in the current year.
while net profits grew marginally at 4.4 per cent to `7641 crores The company has recommended a final dividend of `1.25/share
amid higher non-operating expenses except for interest expense on FV of Rs5/share and holds a dividend yield of 1.21 per cent.
that dropped to `53.15 crores. Moreover, sales 5-years CAGR is The company also announced a split from `10 to `5 each.
maintained at 25 per cent and profit CAGR at 42 per cent. ROE Company witnessed a rise in P/E from 9.11 to 11.36 which is
stands consistent at 33 per cent. The company’s P/E and P/B are still very low. Moreover, P/B also stands low at 1.95 with
14.7 and 3.7 which is justifiable to HOLD. IT sector in general networth growing proportionately higher than the price. The
faced a setback with weak quarterly numbers from other giants. company is debt free and has 0 capital WIP. We suggest our
So we suggest you to HOLD the stock if already bought as the investors to HOLD up to Q1FY17 results to get more clarity on
stock has bottomed out at 710 levels. the scrip. In case of the muted results, one can exit at bounce.

Readers are requested to send only one query at a time so that more readers get a chance. For complaints regarding non-receipt of
dividend, bonus, rights and other matters, investors may write to www.investor.sebi.gov.in

Company Name: DEMOCRATIZING WEALTH CREATION

Vol. No. 31 No. 19


17
Query:
Send in your queries:
DSIJ Pvt. Ltd.
C-305, 3rd Floor, Trade Center,
Name: North Main Road, Near Axis Bank,
Opp. Lane No. 6, Koregaon Park,
Address:
Pune - 411001
E-mail: Email:editorial@DSIJ.in

68 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


QueryBoard
Investment Horizon
Query-Specific

SPICEJET AMARA RAJA BATTERIES


Holding 300 shares @ `78.5. Should I hold or book Should I buy this counter? If so at what price should
loss? I purchase?
 - Swapan Mukherjee  - Satish Pradhan

HOLD BUY
BSE/NSE Code 500285/ SPICEJET BSE/NSE Code 500008/ AMARAJABAT
Face Value `10 Face Value `1
CMP `60.80 CMP `903
52-Week High `95.30/ Low `21.00 52-Week High `1,132.00/Low ` 773.05
Your Current --- Your Current ---
Profit/(Loss) Profit/(Loss)

T T
he third largest airline of India by market capitalisation, he company is an auto parts and equipment maker with
Spicejet operates nearly 300 domestic and international a market cap of around `16000 crores. It is engaged in
flights on a daily basis. The company saw one-way stock the business of manufacture and sale of lead acid storage
price boom to more than 300 per cent up to January 2016 with batteries for industrial and automotive applications.
the fall in Aviation Turbine Fuel prices. With the growing
competition from other players, every airline company has The company’s stock P/E and P/B ratios are 31.24 and 6.97
come forward to offer discounted fares to attract the flyers and which is high in isolation but low as compared to its high mcap
fill the unsold seats. peers. The company’s numbers have recovered from the muted
March 2016 quarter. The company witnessed highly positive
The company has seen huge profits in Q4FY16 aided by 5th quarterly numbers where revenues in June 2016 quarter rose
straight quarterly rise in revenue to `1475 crores and lower fuel 12.92 per cent to `1321 crores. Net profits too rose 20 per cent
costs. Its YoY net profits rose to `7319 crores as against `22.52 to `130.66 crores. Moreover, YOY revenues and net profits have
crores. During the quarter, the company has managed to pay seen a growth of 17 and 6 per cent respectively.
interest at `45.42 crores as against `28.04 crores YoY.
Considering the yearly numbers, the revenue has dropped by 3 Moreover, considering the annual numbers, the company has
per cent to `5020.4 crores. However, with 73 per cent deduction shown 11 per cent growth in revenues to `4690 crores while
in fuel costs to `1391.96 crores, the company managed to land net profits rose 20 per cent to `489 crores. For long term sales,
in profits for the first time since March 2012. The net profits its 10 and 5 years CAGR are 26 and 22 per cent while for profit,
came in at `407.2 crores for the year ended March 2016. 10 and 5 year CAGR came in at 30 and 27 per cent. ROE is
consistent at 28 per cent.
The company has been maintaining negative net worth since
more than a decade. The company is expecting to offset the Despite being a manufacturer, the company is virtually debt
negative net worth with a positive turnover in coming fiscals. free. Hence high long term growth prospects and negligible
Out of the total promoters’ equity 33.37 per cent shares are debt gives it a huge potential. Weak monsoon and economic
pledged. turbulence has hit the demand for battery in last couple of
years. With the recovery, the demand is expected to grow.
Recently the company has incorporated a wholly owned Moreover, the passing of GST Bill will boost more. Auto and
subsidiary SpiceJet Merchandise Private Limited to focus on industrial segments contribute 55 and 45 per cent of the
consumer merchandise and goods business. company’s revenues and so the demand for the segments will
derive its product demand. To increase its market share in
The stock is trading at 10.8 P/E which is more than its peer Jet industrial goods segment, it is likely to enter the inverter
Airways at 6.2. Spicejet has no P/B amid negative net worth. On market in 2016-17.
the whole, the company has initiated profits since 2004 and
hence we expect it will continue to do so. Hence we recommend On the whole, one can BUY Amara Raja at current levels where
a HOLD call for now and exit at a bounce. it has shown recovery from its bottomed out prices and
growing volume.

70 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


QueryBoard
Investment Horizon
Query-Specific

RELIANCE CAPITAL SUVEN LIFE SCIENCES


I want guidance...Reliance Capital holding from one I have purchased 150 shares @ `205/-, kindly
and half years @657 =100 nos hold or sale. advise me that shall I stay invested in it or quit?
 - Arun Desai  - Nishakar Chakravarty

HOLD HOLD
BSE/NSE Code 500111/ RELCAPITAL BSE/NSE Code 530239/ SUVEN
Face Value `10 Face Value `1
CMP `459 CMP `199
52-Week High `470.80/ Low `250.80 52-Week High `308.70 / Low `144.35
Your Current --- Your Current ---
Profit/(Loss) Profit/(Loss)

A A
DAG’s NBFC, Reliance Capital, deals in asset bio-pharma company, Suven Life Sciences deals in
management, mutual funds, pension funds, life and manufacturing and sale of bulk drugs and
general insurance, commercial finance, home finance, intermediaries and also consists of a separate research
stock broking services, wealth management, financial department. The company specialises in central nervous
products distribution, asset reconstruction etc. Promoters hold system (CNS)-based programmes with some molecules in
52.13 per cent stake in the company while promoters have pipeline under clinical phase of development and central
pledged 44.91 per cent of their holding. The stock of Reliance nervous system disorders and Contract Research and
Capital is trading at P/E of 10 while Industry P/E stands at 29.5 Manufacturing Services (CRAMS). The company has received
that suggests undervaluation. P/B too stands at 0.76. The series of patents during the year. During the quarter, the
dividend yield is nearly 2% which is good but lower than the company secured 11 product patents covering India, South
major peers. Africa, Israel, Mexico, Canada, Hong Kong, Europe, Eurasia,
Macau and New Zealand. Suven Life Sciences has a market cap
Considering the financials, the latest June quarter sales saw of just 2500 crores which is less as compared to its peers.
an increase of 29.7 per cent to `3642 crores. Very high However, it maintains a high dividend yield at 1 per cent which
direct expenses dragged the profits from operations where is better than the peers and a high dividend payout of almost
claims incurred and benefits paid rose 156 per cent. 18 per cent.The company’s P/E stands at 23 as against the
Depreciation and Interest remained more or less in line but industry P/E of 27 and P/B is 4. Considering the financials, the
the taxes reduced to `79 crores as against `144 crores company’s debt is negligible as compared to its networth and
in the previous quarter. Thereby company’s net profits has reduced its debt by 22.5 per cent for the year ended March
dropped 50 per cent to `207 crores managed to post net profits 2016. The company has maintained a profit growth of 52 per
at `415 crores with an increase of 77 per cent. On annual basis cent over the 5 years’ period. Its sales growth also stands at 27
the company’s sales rose 12 per cent to `9784 crores for the year per cent for the same period and ROE growth at 27 per cent
ended March 2016. Net profits have grown nearly 10 per cent to which shows recovery over 10 years’ growth.
`1101 crores in FY16. It has seen 18.2 per cent profit CAGR for
5 years as against 6.29 per cent for 10 years. However, sales and The recent annual numbers show a drop in sales to `499.52
ROE growths have declined over the same period. crores and also a drop in profits to `94.97 crores. The quarterly
results too remained disappointing where the sales dropped 21
Despite many hiccups, the company stands better in comfort per cent to `133 crores while net profits dropped 12 per cent to
than its peers in terms of valuation. In terms of price `32.58 crores. Segment wise revenues from the manufacturing
movement, the stock has seen gradual upside and is in the (CRAMS) declined 21 per cent to `133.23 crores. Profit before
revival mode and entered the positive trajectory. interest and tax from CRAMS too dropped 10 per cent to 55.97
crores. However, YoY sales and profits witnessed growth.
Hence we suggest to HOLD the stock for some more upside Hence, the stock may see some correction in the near term
to minimise the losses though not gains in the near term at owing to the immediate quarterly decline but YoY and CAGR
least. remains intact. Hence we suggest investors to HOLD for now
and buy on dips.
(Closing price as of Aug 16, 2016)

72 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in


Reviews
In this issue, we have reviewed Dish TV and Bajaj Corp. We suggest investors to exit both the
counter.
Change Scrip’s Movement
DISH TV EXIT 21 Per Cent
CMP - `91.25

BSE CODE Reco. Price Volume Face Value


532839 `115 221224 `1

W
e had recommended Dish TV rise in holding by FII and DII.
in issue no 18 dated Aug
10- Aug 23, 2015 when the On financial front, Dish TV has posted
scrip was trading at `115. DishTV has on its first quarter of fiscal 2017. The
its platform more than 496 channels and company’s operating revenue grew by of
services including 22 audio channels and 5.7 per cent to `778.6 crore on YoY basis
over 43 HD (high-definition) channels. in Q1FY17. Its subscription revenue of
It has a vast distribution network of over `728.2 crore have risen up by 6.7 per cent
1,685 distributors and over 2,01,300 in Q1FY17 on YoY basis.Dish TV had 28.31 per cent in Q1FY17 on YoY basis.
dealers that span across 8,929 cities and experienced boost in its business due to But Infra support services has posted
towns across India. Dish TV customers digitisation of analog cable network. tremendous growth of ~2000 per cent to
are serviced by 13 round-the-clock call `26.8 crore in Q1FY17 Vs `1.2 crore in
centres catering to 11 different languages Though the company is riding on Q1FY16. The company’s net profit is
to take care of subscriber requirements at digitisation wave but it is down by 24.6 per cent to `40.9 crore in
any point of time. notwithstanding the seasonal weakness, Q1FY17on YoY basis due to rise in
rise in competition and pricing pressure expenses and cascading tax effect.
Our recommendation was based on the over the period. Total expenses of the In last one year the stock was not able to
factors like ARPU (Average Revenue per company rose by 2.6 per cent in Q1FY17 move upward from the recommended
Unit) expansion, subscriber growth on yearly basis. The company’s expenses price. Now also we don’t see much
benefit from digitisation under DAS rose on the back of increase in S&D improvement in scrip So we recommend
(Digital Addressable System), parentage expenses and employee cost. Dish TV’s our reader -investors to EXIT from
from Zee Group, increasing profitability, DTH segment revenue were down by the scrip

Change Scrip’s Movement


BAJAJ CORP EXIT 16 Per Cent
CMP - `391

BSE CODE Reco. Price Volume Face Value


533229 `466 3800 `1

W
e had recommended Bajaj revenue marginally increased by 1.5 per
Corp under choice scrip in cent to `203 crore in Q1FY17 on YoY
the issue no 21, dated Sept basis led by main brand Almond Drop
21- Oct 4, 2015 when the scrip was Hair Oil. EBITDA of the company
trading at 466` a piece. Bajaj Corp increased by 6.94 per cent to `72.06 per
operates in the cosmetics’ business cent in Q1FY17 on yearly basis.
segment with major brands in the hair Operating profit margin of the company
care category. Th e company is a leading expanded by 170 bps points to 35.37 per
player in the light hair oil (LHO) cent in Q1FY17 as compared to same value also reduced by 0.6 per cent in
category in India. The company period in the last fiscal. Net profit of the Q1FY17 on yearly basis. This drop in
generates around 90 per cent of its company rose by 10.17 per cent to volume and value is mainly due to rise in
revenues from the LHO segment and `52.20 crore in Q1FY17 on YoY basis. peer’s market share and demand. Overall
around 10 per cent from other personal hair oil market also struggling to
care brands. However, the company struggled to maintain its volume and value. Stock
maintain volume and value of its star movement of this scrip is in
Our recommendation was backed by the brand Almond Drop Hair Oil. In June consolidation phase since Jan 2016. We
factors like five year higher volume quarter, market share of ADHO was do not see much improvement in this
growth in ADHO, improving market flattish at ~60.2 per cent in Q1FY17 vs scrip going forward. So we recommend
share and strong financial numbers. 60.70 per cent in Q4FY16. Volume of our reader-investors to EXIT from this
Bajaj Corp recently announced its ADHL dropped by 2.36 per cent in scrip at current level. DS

Q1FY17 result. Company’s topline Q1FY17 on QoQ basis. ADHL market (Closing price as of Aug 16, 2016)

DSIJ.in AUG 22 - SEPT 4, 2016 I DALAL STREET INVESTMENT JOURNAL 73


Kerbside
The recommendations provided in this column are taken from various market sources such as
brokers, analysts, dealers and investment strategists, etc. These recommendations may not be
backed by strong fundamentals. Therefore we advise readers to use their own discretion
before investing in these recommendation

ZYDUS WELLNESS
WEALTHY IDEA BSE Code: 531335
CMP: `873

Zydus Wellness is engaged in the development,


production, marketing and distribution of health and
wellness products. The company’s product portfolio
includes brands like Sugar Free, Everyuth and Nutralite.
It offers a range of speciality skincare products under
the brands name of Everyuth Naturals. With people
increasingly focusing on holistic wellness-mind, skin and
hair products and the good performance by the
company in the recent quarter is likely to help the stock
surge in the short-medium term. Market buzz is Zydus
can rise further from this point.

SHORT & SWEET POWER WITH TATA Tata Power is India’s largest
TPL PLASTECH TATA POWER integrated power company with a
BSE Code: 526582 BSE Code: 500400 growing international presence. The
CMP: `503 CMP: `76.50 company together with its
subsidiaries and jointly controlled
The company offers a entities has an installed gross generation capacity of 9184
comprehensive range of narrow MW and a presence in all the segments of the power sector
mouth, wide mouth and open top viz. fuel security and logistics, generation (thermal, hydro,
drums ranging from 25 Ltr to 250 solar and wind), transmission, distribution and trading.
Ltr. As per the market buzz there Recently, Tata Power Delhi Distribution has planned to
is some development likely to collaborate with 30 companies, institutions and funding
place take in the company, hence, agencies for technology innovation to introduce energy
the stock prices are likely to surge. efficiency measure. If grapevine is to be believed, investors
Considering this, high risk and traders can bet on this stock for short term.
investors can take a small bet in
the stock for the short term.

Ganesha Ecosphere
AND FINALLY... BSE Code: 514167
CMP: `194

The company is amongst largest recycling company of PET


waste material in India. Recently, the stock has seen surge in
prices along with robust volumes, as per the sources the
stock has been on the watch list of some HNIs and the stock
is likely to see further uptick in the prices. Hence, high risk
investors can take a reasonable bet in the stock for a decent
movement on the upside.
DS

(Closing price as of Aug 16, 2016)

74 DALAL STREET INVESTMENT JOURNAL I AUG 22 - SEPT 4, 2016 DSIJ.in