Saturday, July 7, 2018

Textile Sector & Rice Exporter : Latest Updates

Kharif crops have been sown in around 33.37 million hectares in 2018, which is around 14.17 per cent less than the area covered during the same period last year.Cotton sowing declined 24 per cent & Rice 15 per cent less than last year.This will affect the Textile SEctor  & Rice Exporter adversely.

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Tuesday, June 26, 2018

Varroc Engineering Ltd. : Valuations


We have tried to find out the valuation of the Varroc Engineering Ltd. using EPV method ( Earning Power Value ). At the offer price of Rs.965, it is valued 16.5X , which is quite higher compare to other OME. Kindly note that Motherson Sumi Systems Ltd is now Trading at ~3.5X of its EPV ( March 2018 earning basis ).We have taken the estimates of the Varron Engg from a reputed broking firm's note.

Sectors with Highest Operating Profit Margin Growth in Q4/ FY 2017-18

2/3 Wheelers, Leisure Facilities,Oil Equipment & Services, Department Stores & Household Appliances sectors has seen highest YoY OPM Growth.

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