Monday, June 28, 2021

Why Adani Enterprises Ltd will make new highs ?

Adani Group is now entering into digital world. It has incorporated  Adani Digital Services Ltd.on 7th June 2021 with authorised capital of Rs.7.5 Crore.

Adani Digital Services Ltd is a RBI registered Payment solution provider will capture the Digital world in India which will grow to USD 84 Billion by 2025 at a CAGR of 22%.

As per our initial analysis, Adani Enterprises Ltd will be beneficial of this initiative.

Friday, June 25, 2021

Thyrocare Technologies Ltd (500312) – PharmEasy’s parent API Holdings acquiring is a gamechanger

Thyrocare Technologies Ltd (500312)  closes   at 1448.05 with  a  Gain   of   +6.20%   on    25-June-2021  with formation of  a  Long  green Candle    on Daily  Price Chart.

About the Company : Thyrocare is the largest B2B player in the diagnostics space and has a network of over 3,330 collection centres across 2,000 towns in India. It operates a multi-lab model with 1 mega central processing lab, two zonal processing labs and 13 regional processing labs across the country.

Sector Update :  India’s ehealth sector reached about $1.4 billion GMV in 2020 and is expected to grow around 10 times over the period of CY20-25. The industry is expected to grow its GMV by $11-15 billion by CY25.

Financials : Thyrocare Technologies Ltd  has posted Net Sales / Revenue   of 494.60 Cr & Net Profit of  113.10 Cr in FY2021 and expected to post Net Sales / Revenue   of 564.30Cr & Net Profit of 141.90 Cr in FY2022 & Net Sales / Revenue   of 635.60 Cr & Net Profit of 164.00 Cr in FY2023 and Net Sales / Revenue   of 741.30 Cr & Net Profit of 183.30 Cr in FY2024.

EPS will be improved from 21.4 in FY2021 to 31.50 in FY2023 & 20.40 in FY2023, Free Cash Flow will increase from 88.00 Cr to 172.50Cr during the same period. Book Value Per Share will increase from 80.80 to 92.0 in FY2023 & RoA will increase to 24.6%  by FY2023.

Valuations  : The Company is now Trading at X 4.10  of its  valuations of its FY2021 earnings with ~310% Premium and X3.24 of its FY2022 earnings with ~224% Premium & X2.80 of its FY2023 earnings with ~180%  premium and X2.51of its FY2024 earnings with ~151%  premium.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now  0.40   which  makes is attractive after ~60% dip in price. The  Equity Value Per Share ( Enterprise Value Method ) is  1445.10

If We factor its FY2024 earnings/valuations, its Price arrives at 2368 (without considering PharmEasy).

Market Sentiment   Update : Our Nifty Next Indictor (NNI) is now at 120.04 as on 25-June-2021, which suggests the Return on Equity Investment will be 8.4% in next 6Month; 1.7% in 12M & -5.0% (Negative) in 24M( Based on Historical data).

Disclaimer : We are / may going to take exposure shortly.

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The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

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Oil & Natural Gas Corpn Ltd (500312) – Raising production, reviving existing fields & Rising global oil and gas prices will be add-on in PAT

Oil & Natural Gas Corpn Ltd (500312)  closes   at 120.90 with  a  Fall   of   -0.90%   on    25-June-2021  with formation of  a  Long Red  Candle    on Daily  Price Chart.

About the Company : ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production

Financials : Oil & Natural Gas Corpn Ltd  has posted Net Sales / Revenue   of 360572.00 Cr & Net Profit of  16249.00 Cr in FY2021 and expected to post Net Sales / Revenue   of 414660.00Cr & Net Profit of 27684.60 Cr in FY2022 & Net Sales / Revenue   of 448621.90 Cr & Net Profit of 25709.00 Cr in FY2023.

EPS will be improved from 12.92 in FY2021 to 22.0 in FY2022 & 20.40 in FY2023, reduction of debt from 98335.70Cr to 90926.40Cr with increase in Free Cash Flow from 1130.80 Cr to 14492.00 during the same period. Book Value Per Share will increase from 172 to 198 in FY2023 & RoE will increase from 6.07 to 10.7 by FY2023.

Valuations  : The Company is now Trading at X 0.60   of its  valuations of its FY2021 earnings with ~40% Discount and X0.33 of its FY2022 earnings with ~67% Discount & X0.65 of its FY2023 earnings with ~65%  Discount.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now  2.8   which  makes is attractive at currenct price. The  Equity Value Per Share ( Enterprise Value Method ) is  120.90

If We factor its FY2023 earnings/valuations, its Price arrives at 204.34 (Conservative approach applied).

Market Sentiment   Update : Our Nifty Next Indictor (NNI) is now at 120.04 as on 25-June-2021, which suggests the Return on Equity Investment will be 8.4% in next 6Month; 1.7% in 12M & -5.0% (Negative) in 24M( Based on Historical data).

Disclaimer : We are / may going to take exposure shortly.

Join Us at   Telegram #   https://t.me/TheNiftyNext

Data Source NSE Website | Screener.In  | Capital Line Money Control |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

Manage your investments the right way With MProfit. Visit https://www.mprofit.in/

Use Our Referral Link to Get 20% DISCOUNT @ https://www.mprofit.in/buy?referral=R1GD99J496AB1345D

 

 


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