DOCSLIB.ORG

DEBT CAPITAL MARKETS Advantage Debt Capital Markets @ YES BANK

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
DEBT CAPITAL MARKETS Advantage Debt Capital Markets @ YES BANK DEBT CAPITAL MARKETS Advantage Debt Capital Markets @ YES BANK § Integrated approach of end to end Origination to Distribution resulting in efficient execution of mandates § Deep knowledge of the underlying market dynamics and strong structuring capabilities § Leveraging a strong in-house INR rates research team; supplemented by comprehensive coverage of Corporates through pro- active relationship teams § Ability to originate transactions for a wide range of issuers, across various sectors including Automobiles, Cement, Fertilizers, Infrastructure, Pharmaceuticals, Power and Retail etc § Superior Distribution Capabilities with strong relationships across various investor categories including Banks, Financial Institutions, Mutual Funds, Insurance Companies, Non Banking Finance Companies, Provident & Pension Funds, Foreign Portfolio Investors and Private Wealth Managers 40.0% YES BANK’s outperformance vis-à-vis market 35.0% Banks / Mutual 30.0% Funds 25.0% Insurance Indian Pvt. & PSU Companies INVESTORS 20.0% Corporates 15.0% YES BANK PensionProvident/ Funds 10.0% ISSUERS Non Banking Product Suite Finance Cos. Securitisation 5.0% Preference Shares Foreign Portfolio INR Bond Underwriting/ Syndication Investors 0.0% Financial Investment Advisory & Value Added Offerings Total issuance volume Pvt sector issuance volume Institutions Market YBL Domestic PSUs Emerging Business Houses Entrepreneurs CAGR over the last five years of the total market issuance volume and YES BANK’s origination volume RELATIONSHIPS Corporate Bond issuance volumes in the market 400,000 Debt Capital Markets @ YES BANK 350,000 300,000 250,000 Corporate Bond Market Landscape 200,000 § Increasing trend of Indian Corporates accessing the INR 150,000 denominated bond market 100,000 § Corporate Bond Issuance as a % of Incremental Non Food 50,000 Credit extended by Banks increased from 36% in FY2010 to 0 62% in FY2015 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Market issuance Pvt sector issuance Source: PRIME Database; issuance volume in INR crores Debt Capital Markets @ YES BANK and Market Developmental Role Steady growth in Origination volumes & improving market share by YES BANK across years § Emerged as a leading and buoyant Debt Capital Market 120,000 35.0% franchise over the last 10 years 100,000 30.0% § Introduced many first time issuers to the INR bond market 25.0% 80,000 § One of the few active market makers in the domestic market 20.0% 60,000 § Active role in devising Corporate Bond trading platform 15.0% 40,000 § Representation on the Board of Fixed Income Money Market 10.0% 20,000 and Derivatives Association (FIMMDA) for 7 years in the past 5.0% § Active contributor to various decisions related to 0 0.0% development of corporate bond market in India FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 YBL origination volume (INR crores) Market share 41 First Time Issuers YES BANK guides Issuers through the entire issue related documentation, relevant regulatory guidelines, introduces the Issuer to capital market investors by way of one-on-one meetings with large investors, interfaces and liaises with all external counterparties involved to ensure meeting of issue timelines and successful closure of the Issue Reliance L&T Metro Rail Suraksha Realty Arvind Lifestyle Hyderabad Ltd Innoventures Pvt Aditya Birla Retail L&T Vrindavan Hypercity Retail Ltd. Ltd. Brands Ltd. Sole Arranger Ltd. Properties Ltd. (India) Ltd. Sole Arranger Sole Arranger Sole Arranger INR 2.50 Bn Sole Arranger Sole Arranger Sole Arranger INR 0.50 Bn 20 yr with 10 yr INR 3.50 Bn INR 0.75 Bn INR 5.00 Bn INR 2.00 Bn INR 0.50 Bn 2 Year NCDs (Backed PUT/ CALL option Backed by Share 3 yr Bond Issue 3 yr Bond Issue 3 yr Bond Issue 3/4/5 Yr Bond Issue Bond Issue pledge by Share pledge) 2015 2015 2015 2014 2014 2014 2014 Raymond Ltd. Hero Fincorp Mahindra Vehicles Oriental Hotels Tata Sky Ltd. HPCL-Mittal Intas Pharmaceuticals Ltd. Sole Arranger Ltd. Manufacturers Ltd. Ltd. Sole Arranger Pipelines Ltd. Sole Arranger INR 1.60 Bn Joint Arranger Joint Arranger INR 1.00 Bn Joint Arranger Sole Arranger INR 1.05 Bn INR 0.50 Bn 5 year with 3 Yr INR 12.75 Bn 3Yr Bond Issue INR 8.00 Bn INR 1.00 Bn Put/Call Bond 10Yr Bond Issue 5 year with 3 yr 3Yr Bond Issue 2013 3/4/5Yr Bond Issue 3Yr Bond Issue Issue 2012 Put/Call Bond Issue 2012 2012 2012 2012 2009 Repeat Mandates YES BANK has been mandated for repeat issuances by many pedigree issuers owing to the quick turn around time, better price discovery and effective handling of past issuances in the secondary market PVR Ltd. Talwandi Sabo Reliance Broadcast United Sterlite Tata Tata Teleservices L&T Seawood Raymond Mahindra Finance Power Ltd. Network Ltd. Phosphorus Ltd. Industries Ltd. Motors Ltd. Ltd. Pvt Ltd. Ltd. Services Ltd. IL&FS Prism Intas Tata Hero Tata Deepak Reliance Ports & Trent Ltd. Birla Grasim Transportation Cement Pharmaceuticals Ltd. Steel Ltd. Fincorp Ltd. Power Ltd. Fertiliser Terminals Ltd. Corporation Ltd. Industries Ltd. Milestone Transactions Mahindra & Mahindra Ltd. Reliance Utilities & Power Reliance Ports & TATA Power Ltd. INR 5.00 Bn Pvt. Ltd. Terminals Ltd. INR 15.00 Bn ‘AA+’ 50 Yr Unsecured Bond INR 20.00 Bn INR 25.00 Bn ‘AA’ Perpetual Unsecured Issue ‘AAA’ 10 Yr Secured Bond Issue ‘AAA’ 10 Yr Secured Bond Issue Subordinate Debt Issue Sole Arranger Sole Arranger Sole Arranger Joint Arranger July 2013 April 2013 July 2011 June 2011 Longest tenor senior, bullet Single largest Long Tenor Issuance Single largest Issuance at the time of First ever perpetual bond issuance maturity debt issuance ever in the by a private ltd. company, solely Issue by a private sector Issuer, to be accorded 50% equity credit history of Indian Capital Markets underwritten by a single bank solely underwritten by a single Bank by the credit rating agency 42 Public Sector Corporates Rural Electrification NTPC Ltd. Power Finance IREDA Ltd. PNB Housing NABARD HUDCO Corporation Ltd. Corporation Ltd. Finance Ltd NHPC Ltd. CPCL Power Grid India Infrastructure IFCI Ltd. SAIL Indian Railway EXIM Bank Corporation Finance Company Ltd. Finance Corporation Ltd. of India Ltd. Gail Airports Authority TNPL National SIDBI National Capital Region NPCIL of India Housing Bank Planning Board Public Sector Banks Bank of Baroda Vijaya Bank IDBI Bank Canara Bank Oriental Bank Bank of Baroda Allahabad Bank State Bank of Patiala of Commerce Bank of India United Bank of India Central Bank of India Indian Bank Indian Overseas Bank Syndicate Bank State Bank of India Repeat Mandates Raymond Ltd. Reliance Broadcast PVR Limited TATA Power Company Ltd. Talwandi Sabo Power Ltd. Year :2015 Network Ltd. Year : 2014 INR 1.00 Bn; 3 Yr Bond Issue Year : 2015 Joint Arranger INR 15 Bn Year : 2014 Year : 2014 Year : 2015 INR 0.75 Bn; 3.5 Yr Bond Issue Sole Arranger INR 0.5 Bn 3/5 year Bond Issue Sole Arranger INR 3.0 Bn Year : 2013 Sole Arranger INR 1.50 Bn 6/7 Year Bond Issue Year : 2012 2/3 Year Bond Issue INR 1 Bn; 3 Yr Bond Issue 3/4/5 year Bond Issue Sole Arranger INR 15 Bn INR 0.3 Bn; 2 Yr Bond Issue Year : 2014 60 year Subordinate Bond Issue Sole Arranger INR 2.0 Bn INR 0.35 Bn; 3 Yr Bond Issue Year : 2012 Sole Arranger INR 1.0 Bn Year : 2011 3 Year Bond Issue Year : 2012 5/6/7 Year Bond Issue Joint Arranger INR 15 Bn INR 1 Bn; 3 Yr Bond Issue Sole Arranger INR 1.50 Bn INR 0.75 Bn; 2 Yr Bond Issue 3 Year Bond Issue Perpetual Bond Issue Ports and Terminals Limited Hero Fincorp Ltd. IL&FS Transportation Sterlite Industries Ltd. Reliance Ports & TATA Motors Ltd. Networks Ltd. Year : 2013 Terminals Ltd. Year : 2013 Joint Arranger INR 25.00 Bn Year : 2013 Sole Arranger INR 1.0 Bn Year : 2013 10 yr with 5 yr Put/Call Bond Issue Year : 2013 Sole Arranger INR 3.00 Bn Sole Arranger INR 7.50 Bn 2yr Bond Issue 3 Year Bond Issue Joint Arranger INR 2.53 Bn Joint Arranger INR 40.00 Bn 10 yr with 5 yr Put/Call Bond Issue 10yr Bond Issue 3.5 year & 5 year Preference Year : 2012 Year : 2010 Year : 2012 Share Issue Sole Arranger INR 5.00 Bn Year : 2012 Sole Arranger INR 1.00 Bn Sole Arranger INR 0.5 Bn 10 yr with 5 yr Put/Call Bond Issue Sole Arranger INR 25.00 Bn 10yr Bond Issue 3 Year Bond Issue Joint Arranger INR 6.0 Bn Sole Arranger INR 5.00 Bn 10yr Bond Issue Sole Arranger INR 1.50 Bn 6 year Bond Issue 10 yr with 5 yr Put/Call Bond Issue 10yr Bond Issue 43 Repeat Mandates United Phosphorus Ltd. L&T Seawoods Pvt. Ltd TATA Teleservices Ltd. Year : 2012 Intas Pharmaceuticals Ltd. TATA Steel Ltd. Sole Arranger INR 3.00 Bn Year : 2013 Year : 2013 7 & 10 yr Bond Issue Year : 2013 Year : 2012 Sole Arranger INR 2.50 Bn Sole Arranger INR 5.00 Bn Year : 2011 Joint Arranger INR 0.90 Bn Joint Arranger INR 15.00 Bn 3.5yr Bond Issue 3/4/5 yr Bond Issue Sole Arranger INR 2.50 Bn 3yr Bond Issue 10yr Bond Issue 15 yr with 10 yr call Bond Issue Year : 2012 Year : 2010 Year : 2010 Year : 2009 Sole Arranger INR 10.00 Bn Sole Arranger INR 1.00 Bn Sole Arranger INR 5.00 Bn Sole Arranger INR 3.00 Bn Joint Arranger INR 1.05 Bn 6 & 8yr Bond Issue 2.5yr Bond Issue 15 yr with 10 yr Call Bond Issue 8/9/11/12 year Bond Issue 3yr Bond Issue Sole Arranger INR 5.00 Bn 7 /10 yr with 5/7 yr call Bond Issue Prism Cement Ltd.
Load more

Recommended publications
  • List of Nodal Officers
    List of Nodal Officers S. Name of Bank Name of the Nodal Address CPPC Phone/Fax No./e-mail No Officers 1 Allahabad Bank Dr S R Jatav Asstt. General Manager, Office no: 0522 2286378, 0522 Allahabad Bank, CPPC 2286489 Zonal Office Building, Mob: 08004500516 Ist floor,Hazratganj, [email protected] Lucknow UP-226001 2 Andhra Bank Shri M K Srinivas Sr.Manager, Mob: 09666149852,040-24757153 Andhra Bank, [email protected] Centralized Pension Processing Centre(CPPC) 4th floor,Andhra Bank Building,Koti, Hyderabad-500095 3 Axis Bank Shri Hetal Pardiwala, Nodal Officer Mob: 9167550333, AXIS BANK LTD, Gigaplex Bldg [email protected] no.1, 4th floor, Plot No. I.T.5, MIDC, Airoli Knowledge Park, Airoli, Navi Mumbai- 400708 4 Bank of India Shri R. Ashok Chief Manager 0712-2764341, Ph.2764091,92 Nimrani Bank of India, 0712-2764091 (fax) CPPC Branch, Bank of India Bldg. [email protected] 87-A, 1st floor, Gandhibaug, Nagpur-440002. 5 Bank of Baroda Shri S K Goyal, Dy. General Manager, 011-23441347, 011-23441342 Bank of Baroda, [email protected] Central Pension Processing Centre, [email protected] Bank of Baorda Bldg. 16, Parliament Street, New Delhi – 110 001 6 Bank of Shri D H Vardy Manager Ph: 020-24467937/38 Maharashtra Bank of Maharashtra Mob: 08552033043 Central Pension Processing Cell, [email protected] 1177, Budhwar Peth, Janmangal, Bajirao Road Pune-411002 7 Canara Bank Shri K S Hebbar Asstt. General Manager Mob. 08197844215 Canara Bank Ph: 080 26621845 Centralized Pension Processing [email protected] Centre Dwarakanath Bhavan 29, K R Road Basavangudi, Bangalore 560 004 8 Central Bank of Shri V K Sinha Chief Manager Ph: 022-22703216/22703217, India Central Bank of India (CPPC) Fax- 22703218 Central Office, 2nd Floor, [email protected] Central Bank Building, M.G.
    [Show full text]
  • To the Stakeholders of the Bank
    To the Stakeholders of the Bank The Draft Scheme for setting off Accumulated Losses of the Bank as on April 01, 2021 against the Securities Premium Account alongwith the Report of Audit Committee recommending the Draft Scheme, Pre & Post Shareholding Pattern of the Bank, Un-audited Financial Results for the Quarter ended December 31, 2020, Auditor’s Certificate as per SEBI Circular, Detailed Compliance Report as per SEBI Circular duly certified by the CS, CFO & Managing Director and Report of Independent Directors’ Committee recommending the Draft Scheme, as submitted to the Stock Exchanges today for approval, has been uploaded on the website of the Bank as attached herewith. The complaints / comments on the Draft Scheme, if any, can be sent to the email id [email protected]. ceRTa.FILD Co P___V earara) awan Agr wal) vffir4V Rif441 Company Secretary *Mad Ufailtgi IDBI Bank Limited triUMumbal DRAFT SCHEME OF REDUCTION OF SHARE CAPITAL BETWEEN IDBI BANK LIMITED AND ITS SHAREHOLDERS UNDER SECTIONS 66, 52 AND OTHER APPLICABLE PROVISIONS OF THE COMPANIES ACT, 2013 READ WITH THE NATIONAL COMPANY LAW TRIBUNAL (PROCEDURE FOR REDUCTION OF SHARE CAPITAL OF COMPANY) RULES, 2016 TABLE OF CONTENTS INTRODUCTION 3 1. Preamble 3 2. Parts of the Scheme 3 SCHEME 4 Part A — Definitions and Interpretations 4 Part B — Details of the Bank 6 3. Incorporation of the Bank 6 4. Main Objects of the Bank 7 5. Capital Structure of the Bank 7 6. Financial Position of the Bank 9 7. Accumulated Losses and Securities Premium of the Bank 9 Part C — Reduction of Share Capital 11 8.
    [Show full text]
  • Mahindra & Mahindra
    Mahindra & Mahindra (MAHMAH) CMP: | 866 Target: | 1,000 (16%) Target Period: 12 months BUY February 7, 2021 Further strength up ahead… Mahindra & Mahindra (M&M) reported a healthy operational performance in Q3FY21. Standalone net sales were at | 14,216 crore (up 15.2% YoY) – with Particulars automotive and tractor ASPs at | 6.92 lakh/unit (down 1.6% QoQ) and | 5.19 Particular Amount lakh/unit (flat QoQ), respectively. Standalone EBITDA margins at 16% dipped 12 bps QoQ, as operating leverage benefits cancelled out 150 bps Market Capitalization (₹ crore) 1,07,661.1 ₹ contraction in gross margins. Automotive EBIT margins rose ~210 bps QoQ Total Debt (FY20, crore) 3,068.0 Cash and Inv (FY20, ₹ crore) 6,426.1 to 6.3% while tractor margins were down ~100 bps QoQ to 23.4%. EV (FY20, ₹ crore) 1,04,303.1 Standalone PAT for the quarter came in at | 31 crore, impacted by a large 52 week H/L (₹) 893 / 246 Result Update Result impairment hit of | 1,692 crore in relation to long term investments. Equity capital (₹ crore) (FY20) 596.5 Strong volume headroom up ahead once supply concerns ease Face value (₹) ₹ 5 Price Performance M&M’s automotive and tractor performance continues to be on divergent 1000 20,000 paths – total automotive volumes are down 35% YoY in 9MFY21, thus far 750 15,000 (comprises~25% UV decline & ~26% drop in <3.5T LCVs i.e. pickups) while 500 10,000 tractors are up ~11% YoY. Auto performance has been hampered by slow 250 5,000 ramp up due to manufacturing presence in Maharashtra (among the worst hit by the pandemic) and fresh semiconductor shortage.
    [Show full text]
  • List of Aggregators As on 25.09.2013 Sl No
    List of Aggregators as on 25.09.2013 Sl no. Name of Entity Address Contact No. A.P. BUILDING & OTHER 1-1-18/73, T. Anjaiah Karmika Samkshema CONSTRUCTION WORKERS WELFARE Bhavan,RTC 'X' Roads, Chokkadpally, 1 BOARD (Only for B&OC workers in AP) Hyderabad - 20 040-23447739/040-27600019 A-387 , Dilkhush Indl , Area, GT Karnal Road ABHIPRA CAPITAL LTD 011-27215530 2 , Azadpur , Delhi -110033 ADHIKAR MICROFINANCE PRIVATE Plot No. 77/180/970, 0674-2475173/0674-2475087 3 LIMITED Subudhipur,Bhubneswar-751 019 Alankit House, Jhandewalan Extension, 011-42541234/011-23541234/011- 4 ALANKIT ASSIGNMENTS LTD. New Delhi-110055 23552001 5 ALLAHABAD BANK 2, Netaji Subhas Road, Kolkata-700001 033-22208249/9258 033-22314256 Head Office, D.M Colony, Civil Lines, Banda - ALLAHABAD U.P GRAMIN BANK 6 210001 Uttar Pradesh 05192-220109/221463(Fax) G.S. Road. Bhangagarh ASSAM GRAMIN VIKASH BANK Guwahati-781005 7 Assam 0361-2464107, 2131604/605/606 Andhra Bank, Head Office, Dr. Pattabhi Bhavan,5-9-11, Saifabad, Hyderabad - 8 ANDHRA BANK 500004 040-23252000 BANASKANTHA DIST. CO-OP MILK Banaskantha, Post Box No. 20, Palanpur – 02742-257222 9 PRODUCERS UNION LIMITED 385001 (Gujarat) BANDHAN FINANCIAL SERVICES DN-32,Sector-V, Salt Lake City, Kolkata - 033-23346751/033-23347602 10 PRIVATE LIMITED 700091, West Bengal, India 99H/2, Haran Chandra Banarjee Lane, P.O Kannagar, Dist Hoogly, West Bengal 11 BANDHAN KONNAGAR 033-23346751/033-23347602 Bank of Baroda,Head Office,Suraj Plaza - 1, BANK OF BARODA 0265-2363001 Sayajigunj, Baroda - 390005 Gujarat. 12 BANK OF INDIA Star House, C-5, G block, Bandra Kurla 13 Complex, Bandra(east), Mumbai - 400051 022-26522975 Bank of Maharashtra, Head Office, 14 BANK OF MAHARASHTRA Lokmangal, Shivaji Nagar,Pune-411005 020-25511666/25520733 Baroda Gujarat Garmin Bank, Head Office,Sky Line Building, 2nd floor,Nr.
    [Show full text]
  • Corporate Overview Transact with Ease: Solutions That Work for Everyone, Everywhere
    Corporate Overview Transact with ease: Solutions that work for everyone, everywhere... Leading Payments Platform Provider One of India’s leading end-to-end banking and payments solution providers: Pan-India § 20 years proven track record presence in 27 States § 600+ banks are provided switching and & 3 UTs payment services § 15 million debit cards issued § 10 million transactions per day § 2500 ATMs, 5000 Micro ATMs deployed © 2020-21, SARVATRA TECHNOLOGIES PVT. LTD. PRIVATE & CONFIDENTIAL. ALL RIGHTS RESERVED. 2 Top NPCI Partner & ASP § First ASP certified by NPCI and a pioneer in 54% market share developing payment solutions on various in RuPay NFS sub- NPCI platforms membership § Leading end-to-end solution provider offering RuPay Debit cards, ATM, POS, ECOM, Micro ATM, IMPS, AEPS, UPI, BBPS Sarvatra Others © 2020-21, SARVATRA TECHNOLOGIES PVT. LTD. PRIVATE & CONFIDENTIAL. ALL RIGHTS RESERVED. 3 Leading in Co-operative Banking Sector India’s top provider of debit card platform, switching & payment services to co-op. banking sector. CO-OPERATIVE BANK TYPE SARVATRA CLIENTS Urban Cooperative Banks (UCBs) 395 State Cooperative Banks (SCBs) 14 District Central Cooperative Banks (DCCBs) 129 © 2020-21, SARVATRA TECHNOLOGIES PVT. LTD. PRIVATE & CONFIDENTIAL. ALL RIGHTS RESERVED. 4 One of India’s largest Debit Card Issuing platforms (hosted) © 2020-21, SARVATRA TECHNOLOGIES PVT. LTD. PRIVATE & CONFIDENTIAL. ALL RIGHTS RESERVED. 5 Top Private & Public Sector Banks as Customers § Our key enterprise customers in Private Sector Banks include ICICI Bank, Punjab National Bank, The Nainital Bank, Oriental Bank of Commerce, IDBI Bank, Bank of Maharashtra, NSDL Payments Bank. § Our Sponsor Banks (Partners for NPCI’s Sub-membership Model) include HDFC Bank, ICICI Bank, YES Bank, Axis Bank, IndusInd Bank, IDBI Bank, State Bank of India, Kotak Mahindra Bank.
    [Show full text]
  • OTC TCS 2005.Pdf
    1 Annual Report 2004-05 Contents Board of Directors ............................................................................................................................................................................................................................... 3 Management Team ............................................................................................................................................................................................................................. 4 Message from the CEO...................................................................................................................................................................................................................... 6 Notice........................................................................................................................................................................................................................................................ 8 Directors' Report ............................................................................................................................................................................................................................... 15 Management Discussion and Analysis ................................................................................................................................................................................... 30 Corporate Governance Report...................................................................................................................................................................................................
    [Show full text]
  • Franklin India Fund LU0231204701 31 August 2021
    Franklin Templeton Investment Funds India Equity Franklin India Fund LU0231204701 31 August 2021 Fund Fact Sheet For Professional Client Use Only. Not for distribution to Retail Clients. Fund Overview Performance Base Currency for Fund USD Performance over 5 Years in Share Class Currency (%) Total Net Assets (USD) 1.44 billion Franklin India Fund I (acc) USD MSCI India Index-NR Fund Inception Date 25.10.2005 200 Number of Issuers 45 180 Benchmark MSCI India Index-NR 160 Investment Style Blend Morningstar Category™ India Equity 140 Summary of Investment Objective 120 The Fund aims to achieve long-term capital appreciation by 100 principally investing in equity securities of companies of any size located or performing business predominately in India. 80 Fund Management 60 08/16 02/17 08/17 02/18 08/18 02/19 08/19 02/20 08/20 02/21 08/21 Sukumar Rajah: Singapore Discrete Annual Performance in Share Class Currency (%) Ratings - I (acc) USD 08/20 08/19 08/18 08/17 08/16 08/21 08/20 08/19 08/18 08/17 Overall Morningstar Rating™: I (acc) USD 53.68 3.31 -9.75 -0.35 12.92 Asset Allocation Benchmark in USD 53.15 3.00 -7.64 7.12 17.46 Performance in Share Class Currency (%) Cumulative Since 1 Mth 3 Mths 6 Mths YTD 1 Yr 3 Yrs 5 Yrs Incept I (acc) USD 8.00 10.33 21.17 24.53 53.68 43.28 61.24 518.48 % Benchmark in USD 10.94 11.12 22.35 25.75 53.15 45.68 83.30 371.80 Equity 103.05 Category Average 7.59 10.63 20.10 25.82 52.53 37.90 66.00 355.61 Cash & Cash Equivalents -3.05 Calendar Year Performance in Share Class Currency (%) 2020 2019 2018 2017 2016 I (acc) USD 13.92 8.35 -14.74 39.23 2.82 Benchmark in USD 15.55 7.58 -7.31 38.76 -1.43 Past performance is not an indicator or a guarantee of future performance.
    [Show full text]
  • Franklin India Fund LU1212701376 31 August 2021
    Franklin Templeton Investment Funds India Equity Franklin India Fund LU1212701376 31 August 2021 Fund Fact Sheet For Professional Client Use Only. Not for distribution to Retail Clients. Fund Overview Performance Base Currency for Fund USD Performance over 5 Years in Share Class Currency (%) Total Net Assets (USD) 1,44 billion Franklin India Fund A (acc) EUR-H1 MSCI India Index-NR in USD Fund Inception Date 25.10.2005 190 Number of Issuers 45 170 Benchmark MSCI India Index-NR 150 Morningstar Category™ Other Equity 130 Summary of Investment Objective The Fund aims to achieve long-term capital appreciation by 110 principally investing in equity securities of companies of any size located or performing business predominately in India. 90 Fund Management 70 Sukumar Rajah: Singapore 50 08/16 02/17 08/17 02/18 08/18 02/19 08/19 02/20 08/20 02/21 08/21 Asset Allocation Discrete Annual Performance in Share Class Currency (%) 08/20 08/19 08/18 08/17 08/16 08/21 08/20 08/19 08/18 08/17 A (acc) EUR-H1 50,51 -1,01 -13,58 -3,55 9,44 Benchmark in USD 53,15 3,00 -7,64 7,12 17,46 % Performance in Share Class Currency (%) Equity 103,05 Cumulative Annualised Cash & Cash Equivalents -3,05 Since Since 1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs 5 Yrs Incept 3 Yrs 5 Yrs Incept A (acc) EUR-H1 7,78 9,87 19,92 50,51 28,75 35,90 46,91 8,79 6,33 6,24 Benchmark in USD 10,94 11,12 22,35 53,15 45,68 83,30 84,41 13,36 12,89 10,11 Calendar Year Performance in Share Class Currency (%) 2020 2019 2018 2017 2016 A (acc) EUR-H1 9,54 4,01 -17,74 34,53 0,74 Benchmark in USD 15,55 7,58 -7,31 38,76 -1,43 Past performance is not an indicator or a guarantee of future performance.
    [Show full text]
  • ICICI Securities – Retail Equity Research Result Update Marico
    Marico (MARLIM) CMP: | 546 Target: | 630 (15%) Target Period: 12 months BUY August 1, 2021 Saffola growth momentum continues… About the stock: Marico is one of the major FMCG companies present in hair oil, edible oil, foods & personal care segment. Major brands include Parachute, Saffola, Nihar, Hair & Care, Set Wet, Livon and Beardo. Particulars The company has an overall distribution network of more than 5 million Particulars (| crore) Amount outlets and direct reach of ~1 million outlets. Through its stockist network, Market Capitalization 70,503.0 it reaches 58000 villages Total Debt (FY21) 340.0 Cash and Investments (FY21) 1,572.0 Update Result With the high gross margins of ~47%, Marico is able to spend 10% of its EV 69,271.0 sales for advertisements to support new categories & products 52 week H/L (|) 552 / 333 Equity capital 129.0 Face value (|) 1.0 Q1FY22 Results: Marico reported robust revenue growth in Q1FY22 results. Shareholding pattern Sales were up 31.2% YoY with strong volume recovery and price hikes (in %) Sep-20 Dec-20 Mar-21 Jun-21 EBITDA was at | 481 crore, up 3.1% YoY, with margins at 19% Promoter 59.6 59.6 59.6 59.6 FII 23.7 24.2 24.0 25.0 Consequent PAT was at | 365 crore (down 5.3% YoY) DII 10.4 10.2 10.2 9.7 Others 6.3 6.0 6.2 5.7 What should investors do? Marico’s share price has given 84% return in the last five years (from | 297 in July 2016 to | 547 in July 2021).
    [Show full text]
  • BUY TP Axis Bank (AXSB)
    Q3FY21 Result Review TP Rs735 Key Stock Data Axis Bank (AXSB) BUY CMP Rs632 Bloomberg / Reuters AXSB IN /AXBK.BO Potential upside / downside 16% Sector Banking Higher write offs supported NPA; Restructured assets @ 0.42% Previous Rating BUY Shares o/s (mn) 3,062 Summary V/s Consensus Market cap. (Rs mn) 1,934,705 Axis Bank’ asset quality deteriorated sequentially with GNPA inched up to 4.55% (as per IRAC EPS (Rs) FY21E FY22E FY23E Market cap. (US$ mn) 26,532 norms) vs 4.28% led by higher slippage ratio (4.6% vs 1.1% QoQ); however, GNPA improved as 3-m daily avg Trd value (Rs mn) 3,730.0 against 5.0% YoY led by higher write offs (Rs42.6bn vs Rs27.9bn YoY). BB & below book declined IDBI Capital 17.2 29.0 37.6 by 5% QoQ and restructured assets stood at 0.42% of customer assets as against earlier Consensus 24.3 41.6 55.0 52-week high / low Rs761/285 estimates of 1.7% are key positives during the quarter. PAT declined by 37% YoY (down 34% % difference (29.1) (30.3) (31.6) Sensex / Nifty 47,410 / 13,968 QoQ) led by higher provisions (up 33% YoY) and employee expenses (up 23% YoY). NII grew by 14% YoY led by improvement in NIMs at 3.59% (3.57% YoY). PPoP grew by 6% YoY (down 12% QoQ) led by increase in cost to income ratio (45% vs 44% YoY). With management change behind, strong Shareholding Pattern (%) Relative to Sensex (%) capital in place and focus on secured retail portfolio, AXISB would see better revival in growth within Promoters 13.9 130.0 the sector.
    [Show full text]
  • Invesco India Equity Fund a (HKD)-Acc Shares 31 August 2021
    Invesco India Equity Fund A (HKD)-Acc Shares 31 August 2021 This marketing communication is for investors in Switzerland only. Investors should read the legal documents prior to investing. Fund Strategy Summary of fund objective The fund aims to achieve long-term capital growth by investing principally in equity or similar The Fund is actively managed. instruments of Indian companies. We believe India is a high growth market with wealth of The objective of the Fund is to achieve investment opportunities, and that by focusing on stock fundamentals, we can identify long-term capital growth by investing “Quality Growth” companies with strong business models, industry leadership, competitive principally in equity or similar instruments advantages, strong management and what the believe to be reasonable valuations. We of Indian companies. For the full objectives adhere to a purely bottom-up investment process with a conviction-based approach and and investment policy please consult the preference for private enterprises. While the fund does not have any binding investment current prospectus. restrictions based on ESG, we believe ESG characteristics can positively impact financial performance and conduct in-depth proprietary research to assign ESG risk ratings. Key facts Indexed performance* Fund Benchmark 200 180 160 Shekhar 140 Sambhshivan 120 Hong Kong 100 Managed fund since May 2006 80 60 Share class launch 40 07 July 2011 08/16 08/17 08/18 08/19 08/20 08/21 Original fund launch 1 02 December 1994 The performance period shown here starts on the last day of the first indicated month and ends on the last day of the last indicated month.
    [Show full text]
  • Ambuja Cements ( AMBCEM)
    Ambuja Cements ( AMBCEM) CMP: | 407 Target: | 490 (20%) Target Period: 12 months BUY July 26, 2021 Beats estimates with strong margins… About the stock: Ambuja Cement (a Holcim group company) is a large cement player with capacity of over 29.7 MT spread across North-Central (40%), West (~35%) and East (~25%) India. It has a large marketing set-up, pan-India presence and strong operational linkages with ACC. Particulars The upcoming new capacity at Rajasthan will enhance its cement capacity by Particular Amount 1.8 MT to 31.5 MT and clinker capacity by 3.0 MT Market cap | 80816 crore Debt (CY20) | 72 crore Result Update Result In the long run, the company plans to reach over ~50 MT capacity through Cash & Invest (CY20) | 686 crore significant de-bottlenecking and setting up of satellite grinding units EV | 80202 crore 52 week H/L | 410 / 196 Equity capital | 397.1 crore Q1FY22 Results: Ambuja Cement reported 149 bps QoQ expansion in margins Face value | 2 leading to better profitability despite cost pressure. Shareholding pattern Clocked revenue of | 3,371 crore, down 6.9% QoQ led by sales volumes de- (in %) Sep-20 Dec-20 Mar-21 Jun-21 growth of 11.3% to 6.4 MT. On a YoY basis, revenues were up 53.2% Promoter 63.3 63.3 63.3 63.3 EBITDA/t was up 10.8% QoQ to | 1,495/t (vs. last quarter EBITDA/t of FII 16.8 18.1 17.8 17.7 | 1,349/t). EBITDA margin was at 28.5%, up 149 bps QoQ, 112 bps YoY DII 13.3 11.5 12.4 12.5 Others 6.6 7.1 6.6 6.5 Reported PAT was at | 723.1 crore, up 59.5% YoY, 8.8% QoQ vs.
    [Show full text]