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Index Outlook June 2021
Index Outlook JUNE 2021 June 28, 2021 Nifty Sectoral Weights* Weight Weight Change Earnings stage smart upgrade, further upside seen… Sectors (Nov 2020) (Jun 2021) (bps) Indian markets have shown resilience in the recent past and scaled new BFSI 37.8% 37.4% -42 highs amid encouraging corporate earnings in Q4FY21 led by the upswing IT 16.4% 16.3% -9 in key commodities prices and strong underlying demand prospects. GST Oil and Gas 14.1% 12.6% -153 collection at ~| 1.02 lakh crore for May 2021 (eighth consecutive month of FMCG 8.5% 8.2% -34 >| 1 lakh figure) is testimony to robust domestic macroeconomics. Going Capital Goods 2.3% 2.7% 37 forward, with peak of the Covid resurgence behind us, increasing pace of Auto 5.3% 5.3% 1 vaccination domestically and calibrated state specific unlocking under way, Metals and Mining 2.3% 3.5% 117 we expect economic activity to bounce back sharply in 9MFY22E. Our view Power 1.7% 1.6% -8 is further reinforced by the step up capex by the government, which will Telecom 2.1% 1.9% -21 Report Special create multiplier effect on the economy. We expect the present broad-based Pharma 3.5% 3.5% -1 up move in markets to continue, with small cap and midcaps leading the Others 5.9% 7.1% 123 gains. We continue to like IT & pharma space as structural plays in the market. Total 100% 100% Exhibit 1: Nifty and Sensex targets *Index weights are dynamic in nature Revised Sensex & Nifty Target resultant to market price movement & Earnings Estimates FY19 FY20 FY21 FY22E FY23E susceptible to change going forward Nifty EPS (₹/share) -
MAHANAGAR GAS LIMITED MAHANAGAR (GAIL, Govt
MAHANAGAR GAS LIMITED MAHANAGAR (GAIL, Govt. of Maharashtra & BGAPH Enterprise) GAS Ref: MGL/CS/SE/2018/160 Date: July 10, 2018 To, Head, Listing Compliance Department Head, Listing Compliance Department BSE Limited National Stock Exchange of India Ltd P. J. Towers, Exchange Plaza, Bandra —Kuria Complex, Dalai Street, Bandra (East), Mumbai - 400 001 Mumbai - 400051 Scrip Code/Symbol: 539957; MGL Script Symbol: MGL Sub: Regulation 30 of SEBI (LODR) Regulations, 2015 — Investors Presentation. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith an Investors Presentation. You are requested to take the above information on your records and disseminate the same on your website. Thanking you, Yours sincerely, For Mahanagar Gas Limited 1 ,6 Alok Mishra Company Secretary and Compliance Officer Encl. : As above Regd. Office: MGL House, Block G-33, Bandra - Kuria Complex, Bandra (East), Mumbai - 400 051.1 T +91 22 6678 5000 F +91 22 2654 0092 I E [email protected] I W www.mahanagargas.com CIN No. L40200MH1995PLC088133 I An ISO 9001, 14001 & OHSAS 18001 Certified Company PRESENTATION TO INVESTORS MGL : An Introduction 2 One of the largest CGD Companies in India Attractive Sole authorized distributor of CNG and PNG in Mumbai, its Adjoining Areas and Raigad Market with more than 23 year track record in Mumbai (1) Low-Cost Gas Cost-effective availability of domestic natural gas with sourcing flexibility Availability Strong CNG supplied to over 0.61 mn vehicles and PNG to approximately 1.03 mn domestic Customer households(2) Base Infrastructure Over 5,042 kms of pipeline(2) with infrastructure exclusivity(3) and 223 CNG filling stations(2) Exclusivity Commitment Safety management systems to seek to ensure safe, reliable and uninterrupted distribution to Health and of gas Safety Robust Revenue CAGR (FY13-18): 10.2% Return on Net Worth (FY17): 19.1% Financial Total cash balance of INR 8.1bn(4,5) Performance Net worth of INR 21.0 bn(5) BG Asia Pacific Holding Pte. -
ˆ200GN#Zrqwgy3ujg!Š
ˆ200GN#ZrqwGy3ujg!Š 200GN#ZrqwGy3ujg! FWPAXE-EGVRS09 VEDANTA LIMITED Donnelley Financial12.10.7.0 EGV pf_rend12-Jun-2019 10:42 EST 765860 TX 1 3* FORM 6-K SNG HTM ESS 0C Page 1 of 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of June 2019 Commission File 001 — 33175 Vedanta Limited (Exact name of registrant as specified in the charter) 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai-400 093 Maharashtra, India (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ ˆ200GN#ZrqwGy5QMg/Š 200GN#ZrqwGy5QMg/ FWPAXE-EGVRS09 VEDANTA LIMITED Donnelley Financial12.10.7.0 EGV pf_rend 12-Jun-2019 10:42 EST 765860 TX 2 4* FORM 6-K START PAGE SNG HTM ESS 0C Page 1 of 1 Table of Contents We wish to inform you that the 54th Annual General Meeting (AGM) of the Members of the Company is scheduled to be held on Thursday, July 11, 2019 at 10.30 am at Rangsharda Auditorium, K C Marg, Bandra Reclamation, Bandra (West), Mumbai – 400 050. -
UNITED SPIRITS Alcohol Beverage Industry India
UNITED SPIRITS Alcohol beverage industry India INDIAN ALCHOLBEV INDUSTRY IndianIndian Made IndianIndian Made BeerBeer Wine ForeignForeign LiquorLiquor IndianIndian Liquor (IMFL) (IMIL) IMFL category accounts for almost 72% of the market. Alcohol industry growth rate Spirits Market in India by Volume 5% 5% 5% 4% 4% 4% 3% 4% 4% 4% 15% 15% 15% 14% 14% 14% 13% 20% 19% 17% 22% 22% 21% 21% 19% 16% 17% 18% 22% 22% 59% 59% 60% 59% 59% 60% 60% 61% 61% 64% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Whisky Brandy Rum White Spirits Spirit Market in India by Value 5% 5% 4% 4% 6% 6% 5% 6% 6% 6% 14% 14% 13% 12% 10% 10% 10% 10% 10% 9% 11% 10% 11% 12% 12% 12% 12% 12% 12% 11% 70% 69% 71% 72% 72% 73% 73% 73% 74% 75% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Whisky Brandy Rum White Spirits Source: Equrius Report Major players in the industry Major Companies in the Indian Liquor Market Source: Equrius Report Top liquor brands in India Source: Equrius Report United Spirits – Diageo India World’s second largest liquor company by Volume. Subsidiary of Diageo PLC. One of the leading players of IMFL in India with a strong bouquet of brands like Mcdowell’s, Signature, Royal Challenge etc. In 2013, Diageo PLC acquired 10% stake in the company and gradually ramped up its share to 55% by the end of 2014. The main inflexion point came in 2015, after the whole company came under the control of Diageo PLC. -
Consumer Goods on Path to Recovery; Essentials Hold an Upper Edge Sector Update
Consumer Goods On path to recovery; Essentials hold an upper edge Sector Update Most consumer goods companies started Q4FY2020 with good growth, as Q4FY2020 Results Review gradual recovery was seen in the demand environment (especially in rural markets). However, the outbreak of COVID-19 resulted in a complete lockdown Sector: Consumer Goods in India in the last 10-15 days of March, leading to complete stoppage of production and disruption in supply chain. This impacted sales volumes of most Sector View: Positive companies at the fag end of the quarter, resulting in weak Q4FY2020 numbers. Volumes of most companies (barring food companies) under our coverage declined by 3-22% in Q4FY2020 (revenue of Sharekhan universe declined by 7.8% y-o-y). Companies such as Britannia Industries and Tata Consumer Products Our coverage universe (TCPL) registered growth of 2.5% and 5-6% (at organic level), respectively, in Q4FY2020. On the other hand, companies such as Godrej Consumer Products CMP PT Companies Reco. (Rs) (Rs) (GCPL), Emami, Jyothy Labs, and Dabur India posted double-digit decline in revenue, as pre-season inventory loading by dealers/distributors was affected Asian Paints 1,709 Buy 1,987 by the lockdown. On the international front, companies having large presence Britannia in Africa, Middle East and South East Asian countries registered lower sales in 3,623 Buy 4,060 Industries the international business affected by lockdown and macro headwinds. Lower raw-material prices (especially crude-linked inputs) and lower packaging costs Colgate- 1,383 Positive 1,551 aided gross margins of some companies to expand by 100-300 bps. -
Consumer Goods Recovery in Discretionary and Urban Sales Led to Better Q3 Sector Update
Consumer Goods Recovery in discretionary and urban sales led to better Q3 Sector Update Consumer goods companies’ Q3 performance was driven by sales recovery of Q3FY2021 Results Review discretionary categories (such as value-added hair oil and personal care products), sustained higher demand for healthcare and hygiene products, better traction to Sector: Consumer Goods new launches, and higher demand in rural markets coupled with improving demand in urban markets. General trade continues to grow strongly, e-commerce mix to Sector View: Positive overall revenue is improving due to higher sales and modern trade channel has witnessed sequential improvement due to recovery in urban sales. Most consumer goods companies under our coverage registered organic revenue growth of 6%-16%, driven by domestic volume growth of 7%-18% in Q3. Paint companies, including Asian Paints, registered strong volume growth of 30%, led by sustained high demand in tier III/IV towns and improving demand in metros and top cities due to receding scare of virus and improving construction and real estate activities. Overall, Sharekhan’s consumer goods universe registered revenue growth of ~14% in Q3FY2021, better than 9.1% growth achieved in Q2FY2021. Significant increase Our coverage universe in prices of palm oil, copra, other edible oils, and raw tea/coffee resulted in gross Companies CMP Reco. PT margin decline for companies such as HUL, Godrej Consumer Products (GCPL), (Rs) (Rs) Marico, and Tata Consumer Products (TCPL). However, lower ad spends and cost- Asian Paints 2,389 Buy 3,000 saving initiatives arrested the sharp decline of 80-100 bps in operating profit margins (OPM) for some companies. -
United Spirits (UNISPI)
United Spirits (UNISPI) CMP: | 610 Target: | 710 (16%) Target Period: 12 months BUY January 28, 2021 P&A volumes continue to strengthen… United Spirits continued its strong momentum in Q3, reporting 7% QoQ improvement in volumes, led by resilience in the off-trade channels and slow pick-up in on-trade channels. The recovery is also to be seen in the context of a strong YoY comparable quarter (reported flat volumes YoY). Particulars USL also improved its gross margins during the quarter (better than both estimates and comparable QoQ, YoY), led by benign commodity costs and Particular Amount higher productivity. A&P expenses remained at higher levels due to Market Capitalization (| cr) 44,316.5 continued marketing for greater on-home premises consumption and Total Debt (FY20) (| cr) 1,620.7 Result Update Result renovating core brands. Despite the rebound in performance, the Cash (FY20) (| cr) 73.5 management remains cautiously optimistic due to continued uncertainty in EV (| cr) 45,863.7 52 week H/L 743/442 the medium term. Equity Capital (| cr) 145.3 Face Value (|) 2.0 Uptick in volumes in spite of continued operational challenges Price Performance Social events during Q3 (marriages, festive season) saw impact of social distancing norms and limits placed on guest’s allowance. Also, on-trade 900 60000 channels saw slower uptick in footfalls. In spite of headwinds (also includes 800 50000 RTM changes in AP and higher Covid led taxation), USL reported flat volume 700 600 40000 growth YoY, mainly due to its brand resilience, which led to greater 500 30000 consumption in off-trade channels. -
Notice of 23Rd
MAHANAGAR GAS LIMITED MUMBAI Regd. Off.: MGL House, Block No: G-33, Bandra-Kurla Complex, Bandra (E), Mumbai -400051 CIN: L40200MH1995PLC088133 | Tel No. +91 22 6678 5000 | Fax: +91 22 2652 8925 Website: www.mahanagargas.com | E-mail: [email protected] To, SPECIAL BUSINESS: The Members 5. Ratification of Cost Auditor’s remuneration. NOTICE is hereby given that the Twenty-Third Annual General Meeting (AGM) of the Members of MAHANAGAR GAS LIMITED will To consider and if thought fit, to pass, with or without be held on Monday, September 17, 2018 at 11.00 a.m. at “IES Manik modification(s), the following Resolutions as an Sabhagriha” Auditorium, Vishwakarma M.D. Lotlikar Vidya Sankul, Ordinary Resolution: Opp. Lilavati Hospital, Bandra Reclamation, Bandra (West), Mumbai “RESOLVED THAT pursuant to the provisions of the Section 148 400 050, to transact the following business: and other applicable provisions, if any, of the Companies Act, 2013 (including any statutory modifications and re-enactments ORDINARY BUSINESS: thereof for the time being in force) and the Companies (Cost Audit and Records) Rules, 2014, as amended from time to 1. To consider and adopt the Audited Financial Statements time, the remuneration of H3,15,000/- (Travelling and Out of the Company for the financial year ended March 31, 2018, of Pocket expenses to be paid on actual basis) plus taxes as together with the Reports of the Board of Directors and applicable incurred in connection with the audit, payable Auditors thereon. to M/s. Dhananjay V. Joshi & Associates, Cost Accountants 2. To confirm the payment of Interim Dividend of H8.00 per (Registration No. -
Code of Conduct
Code of Conduct This Code of Conduct is applicable to all employees, associates in business and members of the Board of Directors of Godrej Industries Limited and Associate Companies (GILAC), across geographies. You as an employee or associate of GILAC are expected to read the Code of Conduct (the ‘Code’), be aware of its principles to follow during the conduct of your business work for GILAC and sign a periodic declaration of acknowledgement that you have read, understood and agree to abide by the principles laid down in this Code and all the other policies of the respective GILAC company and submit such declaration to the HR Team. There will be zero-tolerance policy as to any violation of this Code. Godrej Consumer Products 2 Code of conduct A MESSAGE FROM OUR CHAIRMAN Dear colleague, We at Godrej, are fortunate to draw from a strong legacy that has held us in good stead for over a hundred years now. We believe, our values strengthened with re-emphasis through the codified ‘Godrej Way’ principles distinguish our successes, even as we grow and adapt, in sync with the changing times. So, it is imperative that we continue to earn and value the trust and respect of our colleagues, customers, suppliers, shareholders and other members of the communities of which we are a part. The Godrej Code of Conduct is the essence of our business principles and provides you a charter as to how they apply to each of us. I encourage you to adhere to these principles in both spirit and practice, as you lead Godrej into the future. -
Sun Life Excel India Fund
SUN LIFE EXCEL INDIA FUND Summary of Investment Portfolio* as at September 30, 2020 Top 25 Investments³ Sector Allocation³ Percentage of Net Asset Percentage of Net Asset Holding Name Value of the Fund (%) Value of the Fund % 1 Reliance Industries Limited 8.6 Financials 23.9 2 Infosys Limited 8.5 Information Technology 12.3 3 iShares MSCI India ETF 8.1 Energy 9.3 4 ICICI Bank Limited 7.3 Exchange-Traded Funds - International 5 HDFC Bank Limited 3.9 Equities 8.1 6 HCL Technologies Limited 3.7 Consumer Staples 7.6 7 Bharti Airtel Limited 3.7 Consumer Discretionary 7.1 8 Housing Development Finance Corporation Limited 3.5 Health Care 7.0 9 Hindustan Unilever Limited 3.1 Other Assets less Liabilities 5.7 10 Axis Bank Limited 2.3 Materials 4.7 11 Kotak Mahindra Bank Limited 2.0 Communication Services 4.6 12 Maruti Suzuki India Limited 2.0 Industrials 4.5 13 Mahindra & Mahindra Limited 2.0 Cash and Cash Equivalents 3.1 14 Bajaj Finance Limited 1.9 Real Estate 2.1 15 Dalmia Bharat Limited 1.6 100.0 16 Strides Pharma Science Limited 1.5 17 Dabur India Limited 1.4 Asset Allocation³ 18 Polycab India Limited 1.4 19 Aster DM Healthcare Limited 1.3 Percentage of Net Asset Value of the Fund % 20 Trent Limited 1.3 21 Britannia Industries Limited 1.3 International Equities 91.2 22 Sun Pharmaceutical Industries Limited 1.3 Other Assets less Liabilities 5.7 23 Motherson Sumi Systems Limited 1.3 Cash and Cash Equivalents 3.1 24 Clearing Corporation of India Limited 1.2 100.0 25 UltraTech Cement Limited 1.2 ³ 75.4 Geographic Allocation Total Net Asset Value (©000©s) $ 203,711 Percentage of Net Asset Value of the Fund % India 91.2 Other Assets less Liabilities 5.7 Cash and Cash Equivalents 3.1 100.0 (*) All information is as at September 30, 2020. -
Profitability of Britannia Industries Limited”
FINAL YEAR BBA(H) STUDY PAPER ON “PROFITABILITY OF BRITANNIA INDUSTRIES LIMITED” SUBMITTED BY: GROUP MEMBERS SUBHAJIT BHATTACHARYA (Roll: 15405015050) SUSHMITA SAHA (Roll: 15405015061) PRITAM DASGUPTA (Roll: 15405015023) RADHIKA DUTTAGUPTA (Roll: 15405015025) STREAM- BBA (H) YEAR- 3rd (THIRD) SEMESTER – 6th (SIXTH) SESSION- 2015-2018 COLLEGE- DINABANDHU ANDREWS INSTITUTE OF TECHNOLOGY AND MANAGEMENT UNIVERSITY- MAULANA ABUL KALAM AZAD UNIVERSITY OF TECHNOLOGY, WEST BENGAL INDEX TOPICS PAGE NUMBER INTRODUCTION 03 OBJECTIVES 04 SIGNIFICANCE OF 04 OBJECTIVES COMPANY PROFILE 04 BOARD OF DIRECTORS 07 PRODUCT LINE 08 THEORITICAL 20 FRAMEWORK RESEARCH METHODOLOGY 35 FINDINGS 36 SUGGESTION 44 CONCLUSION 45 BIBLIOGRAPHY 45 ANNEXURE 46 INTRODUCTION This project is all about analysis of profitability of Britannia Industries Ltd. for last five years (2013-2017) through ratio analysis, where we have analysed company’s profitability & its impact to the business. Here, we have estimated the profitability of the company through changes in gross profit ratio, net profit ratio, operating profit ratio, net worth ratio & return on long term fund ratio. OBJECTIVES The objectives for this project are as follows: i) To enumerate the profitability of Britannia Industries ltd. through profitability ratio analysis. ii) To formulate some specific suggestion from the ratio analysis for the growth of Britannia Industries ltd. SIGNIFICANCE OF OBJECTIVES • Measuring the profitability: Profitability is the profit earning capacity of the business. This can be measured by Gross Profit, Net Profit, Expenses and Other Ratios. If these ratios fall we can take corrective measures. • Facilitating comparative analysis: Present performance can be compared with past performance to discover the plus and minus points. Comparison with the performance of other competitive firms can also be made. -
In Every Relationship Titan Company Limited
IN EVERY RELATIONSHIP TITAN COMPANY LIMITED ANNUAL REPORT 2017-18 Announcement We are taking our first steps to move ANNUAL REPORT to Integrated Reporting in line with our continuous commitment to 2017-18 voluntarily disclose more information to our stakeholders on all aspects of our business. Accordingly, we have introduced key content elements of Integrated Reporting <IR> aligned to the Integrated Reporting Council Framework (IIRC) and as per SEBI’s circular dated 6 February 2017. We will add more IR content elements over the years as we move towards a complete <IR>. It is possible that some IR related data Contents are management estimates. Reporting Principle Financial Statements About TItaN The financial and statutory data presented in this Report is in line with 02 Financial Highlights Standalone Financial the requirements of the 03 Operating Context Statements Companies Act, 2013 (including 04 The Titan Journey 116 Independent the Rules made thereunder), Indian 06 Titan Today Auditor’s Report Accounting Standards, the Securities 08 Business Review 112 Balance Sheet and Exchange Board of India 18 Journey towards 113 Profit & Loss Account (Listing Obligations and Disclosure Integrated Reporting 115 Cash Flow Statement Requirements) Regulations, 2015 and 26 Engaging with 117 Significant accounting the Secretarial Standards. our Stakeholders policies 28 Outlook and Opportunities 130 Notes to Financial The non-financial section of the Report 30 People and Culture Statements is guided by the framework of the 31 Leadership Development International Integrated Reporting 32 Purity of Intent Consolidated Financial Council (IIRC), Securities and Exchange Statements 34 Board Of Directors Board of India and Principles of 130 AOC-1 36 Awards National Voluntary Guidelines on 169 Independent Auditor’s social, environmental and economic Report responsibilities of business.