Auto, IT Firms Lead Growth Surge

Total Page：16

File Type：pdf, Size：1020Kb

ADVANCE TAX COLLECTION Auto, IT firms lead growth surge SHRIMI CHOUDHARY such as State Bank of India (SBI) and KEY CONTRIBUTORS New Delhi, 22 June ICICI Bank reported lower (but dou- Amount paid (in ~ cr) YoY growth (%) ble-digit) growth in tax payment. Maruti Suzuki 150 200 Tech Mahindra 190 35 Sharp growth in advance tax payment According to officials, the first- by India Inc has been led mainly by quarter numbers have been compared Hero Motocorp 126 96 SBI 1,910 21 automakers and technology giants with the beginning of the pandemic- TCS 1,160 65 HUL 397 20 including Maruti Suzuki, Hero induced lockdown, so automatically L&T 30 50 Cipla 126 20 MotoCorp, Tata Consultancy (TCS), the figures showed a sharp jump. The and Infosys. second instalment will have a clearer P&G 32 45 NTPC 485 10 These four companies reported a picture, they said. Infosys 720 44 Dr Reddy’s 60 9 jump between 44 per cent and 200 per Meanwhile, final advance tax col- ICICI Bank 800 39 HDFC Bank 2,100 8 cent in the April-June quarter of this lection by companies showed 51 per financial year on account of a low base. cent growth (YoY) for the first quarter. Note: Figures for April 1-June 21 Source: CBDT sources Even top financial institutions Turn to Page 13 > > FROM PAGE 1 Auto, IT firms lead growth surge Earlier, the preliminary data impact on the companies’ increased its tax outflow by Suzuki paid ~150 crore. showed a growth rate of 146 growth. 35 per cent at ~190 crore. FMCG companies includ- per cent, which has now been Companies and individu- Automotive majors and ing Hindustan Unilever, revised downward. Direct tax als are required to pay 15 per fast-moving consumer goods Procter & Gamble, and Nestle collection (net) stood at ~2.33 cent of their tax liability as the firms too seem to have gained also led the table and report- trillion. first instalment in the first from the markets opening up ed growth up to 45 per cent. Heavyweights such as quarter of the financial year. and pent-up demand, which The three paid ~397 crore (up Reliance Industries, Tata According to official fig- is buoyant in some cate- 20 per cent), ~32 crore (up 45 Motors, HDFC, and ITC are ures, TCS paid ~1,160 crore, a gories. For instance, the tax per cent) and ~105 crore (up yet to pay their first instal- jump of 65 per cent, owing to outgo of Hero MotoCorp and 17 per cent), respectively. ments. Sources in the rev- robust demand in order flows Maruti Suzuki zoomed 95 per ICICI Bank saw a jump of enue department said robust as the pandemic accelerated cent and 200 per cent, respec- 39 per cent with a tax pay- advance tax collection digitisation. This was fol- tively. ment of ~800 crore. HDFC showed state-wise local lowed by Infosys, which paid Hero MotoCorp paid ~126 Bank paid ~2,100 crore, which restrictions amid the second ~720 crore, a growth rate of 44 crore against ~64 crore in the is 7.7 per cent higher than in wave might not have much per cent. Tech Mahindra also same period last year. Maruti the same period last year. .

Copy Link

Recommended publications

Ten Stock Picks Under 10X P/E
Ten stock picks under 10x P/E April 2020 April 3, 2020 Ten stock picks under 10x P/E… It is a Déjà vu (a feeling of having already experienced the present situation) all over again as markets have a tendency, once in a decade, of creating declines of high magnitude and velocity in a very short span of time. This always leaves the investors in a iffy kind of a situation as to whether the world is coming to an end. However, on the contrary, if one thinks rationally, markets also implicitly offer a lot of dislocated opportunities if one seizes them with patience and holds with conviction. Thus, they can generate alpha over a period of time. Hence, to capture one such Déjà vu feeling, we are recommending stocks across large caps, midcaps and small caps space, PICK MOMENTUM which have currently undergone a massive correction on account of the current uncertain environment. The underlying thesis of these stocks is: • Established business models that have survived such panic situations many a time with a credible management at the helm. All the stocks in our recommended universe are trading at or around 10x P/E on FY22E basis • The companies have a steady balance sheet with no leverage and a credible history of generating positive cash flows across business cycles. The RoCE of such companies (>15%) is sufficient to cover their cost of capital and create incremental economic value added or EVA • The companies are consistent dividend distributors. The dividends earned in rough times like these, to some extent, will help to cover the opportunity cost of holding such stocks.
[Show full text]
Motherson Sumi Systems Companyname
RESULT UPDATE MOTHERSON SUMI SYSTE MS Strong quarter; looking beyond FY21 India Equity Research| Automobiles COMPANYNAME Motherson Sumi’s (MSS) Q4FY20 EBITDA at INR13.9bn surpassed our and EDELWEISS 4D RATINGS consensus estimates ~40% driven by sharp gross margin improvement Absolute Rating BUY and overall sharpened cost focus. While near-term outlook remains hazy, Rating Relative to Sector Outperform the COMPANYNAME company is well placed to benefit from: 1) Faster-than-expected Risk Rating Relative to Sector High recovery in developed markets. 2) Cost reduction initiatives as volumes Sector Relative to Market Overweight recovers. 3) Strong FCF generation as the peak capex cycle is behind. Management is targeting USD33-35bn revenue over the next five years, which includes ~25% contribution from non-automobile segments MARKET DATA (R: MOSS.BO, B: MSS IN) (aerospace, defence, healthcare, logistics, etc). However, given the near- CMP : INR 102 Target Price : INR 117 term uncertainties, we are adjusting our FY21/22E EPS -40%/+3%. 52-week range (INR) : 151 / 49 Maintain ‘BUY’ with revised TP of INR117 (INR96 earlier) as we roll over Share in issue (mn) : 3,157.7 valuations to FY22E. M cap (INR bn/USD mn) : 322 / 8,113 Avg. Daily Vol.BSE/NSE(‘000) : 11,087.5 Q4FY20: Strong operating performance after long Consolidated revenue of INR151bn (down 12.0% YoY) was ~5% below our estimate. SHARE HOLDING PATTERN (%) However, strong improvement in gross margin (up 240bps YoY) due to product mix and Current Q3FY20 Q2FY20 cost control efforts translated into EBITDA margin of 9.2% (up ~200bps YoY), ahead of Promoters * 61.7 61.7 61.7 our 6.0% estimate.
[Show full text]
S.NO. Contents Page No. 1. Introduction 1 2. Company Performance at a Glance 3 3. Vision and Core Values SWOT of Maruti Suzuki 5 4
S.NO. Contents Page No. 1. Introduction 1 2. Company Performance at a Glance 3 3. Vision and Core Values SWOT of Maruti Suzuki 5 4. Some Important Milestones 7 5. Current situation – Microenvironment 8 6. Current Marketing Practice 9 7. A brief overview of competition and Market 11 8. CDM Process for Cars in price range of 10-14 lacks 13 9. Market Segmentation 16 10. The Product 17 11. Pricing 18 12. Place 21 13. MUL financial stability 22 14. Communication strategy 23 15. Contingency Plan 24 16. Exhibit 1 26 17. Exhibit 2 30 18. Exhibit 3 36 19. Exhibit 4 37 1 1. I NTRODUCTION Maruti Suzuki India Ltd. – Company Profile Maruti Suzuki India Ltd. (current logo) Maruti Udyog Ltd. (old logo) Maruti Suzuki is one of the leading automobile manufacturers of India, and is the leader in the car segment both in terms of volume of vehicle sold and revenue earned. It was established in February, 1981 as Maruti Udyog Ltd. (MUL), but actual production started in 1983 with the Maruti 800 (based on the Suzuki Alto kei car of Japan), which was the only modern car available in India at that time. Previously, the Government of India held a 18.28% stake in the company, and 54.2% was held by Suzuki of Japan. However, in June 2003, the Government of India held an initial public offering of 25%. By May 10, 2007 sold off its complete share to Indian financial institutions. Through 2004, Maruti Suzuki has produced over 5 million cars. Now, the company annually exports more than 50,000 cars and has an extremely large domestic market in India selling over 730,000 cars annually.
[Show full text]
Hero Motocorp Exchange Offer
Hero Motocorp Exchange Offer Augustin brines his gadoids trawls knowledgably, but duckier Vasilis never dart so polemically. Is Ulric thyroid or cod when skiatrons some firers bounce pizzicato? Realisable Mitchael desponds baggily. Lcd display that further, there are connected features and exchange offer hefty discounts on Stocks to watch Airtel Future Retail SBI Hero MotoCorp Jubilant Food. Justdial is priced at the spark plugs are used for hero motocorp share. Privacy settings. Hero MotoCorp has great festive offers on quote Hero bikes along with attractive bike. Download vanguard newspapers or the exchange. Motorcycle Market 2021 Global Share Size Future Demand. Hero honda exchange offer QuikrBikes India. Hero MotoCorp Adds Glitter To Festive Season Exchange. Hero MotoCorp Limited NSE National Stock system of. Equity indices subdued auto stocks suffer ANI News. MarketBuzz Podcast With Reema Tendulkar Sensex Nifty. Hero Super Splendor User Reviews Milage is walking for god drive Good commuter bike on upper range of price And it mind also gives a regular mileage with minimum service cost. Hero MotoCorp GAIL India Bajaj Auto HDFC Life BPCL and NTPC. Share Market LIVE Updates Sensex Nifty Edge Lower. Motherson Sumi Hero MotoCorp and Ashok Leyland led the. Hero Wars Vip Points. Hero motocorp bs4 online booking Pravoorgmk. Do share price page button is offering exchange offers are the. If the side stand and hyderabad, phone numbers mentioned before investing resources from exchange offer. 4050 results for hero honda exchange made in QuikrBikes India 411 Results on 19 February 2021 Featured Sort by Most Popular Recently Posted Lowest. Hero MotoCorp hits 100m units Vanguard News.
[Show full text]
Maruti Suzuki India Ltd
Business in India Content 1. Success Stories of Japanese companies in India a) Suzuki b) Daikin c) KUMON Global 2. Success story of McDonald in India 3. Corporate Frauds 4. GST Maruti Suzuki India Ltd. Connected For Success Sustained Performance 1.57 million cars in the financial year 2016-17 9.8% growth Hyundai, sold close to 509,707 units in 2016- 17 7 6 5 4 sales (mn) yr 2 3 sales (mn) Yr 1 2 1 0 2015-16 2016-17 Background • Founded in 1981 • To provide affordable mobility to India’s masses • Minute detail-orientation of the Japanese • Observing customers in detail, identifying their needs • Aligning the whole value chain to deliver this need at an appropriate value Guiding Principle . Osamu Suzuki’s conviction . “Cleanliness would drive effectiveness” . Check signs of inefficiency and waste . Every employee is equal . Open offices, one uniform, a common canteen for everyone from sweeper to Managing Director Philosophy that drove Maruti’s success Smaller, lighter, lesser and more beautiful “1 component, 1 gram, 1 yen” initiative . Identify cost improvements of at least ¥1 as well as weight reduction of at least one gram. Mobilized an army of about 6,000 employees Exchange programmes • Adherence to standards • Continuous improvement of standards via Kaizen • Management principles such as 3G, 3K, 3M and 5S. • Phased manufacturing programme • Balance between handholding and leveraging competition • Quality of components: increased cooperation between OEM and supplier • Financially responsible: Displaying real profits in books • Create more value than potential tax “savings” Digital training academy • First large-scale deployment of satellite broadband solution • Facilitating training in a corporate environment.
[Show full text]
Eicher Motors
Techno Funda Pick SiScrip IDiI-Direct Co de AiAction Target UidUpside Maruti Suzuki MARUTI Buy in the range of 5770-5910 6640.00 14% Eicher Motors EICMOT Buy in the range of 23300-23600 27450.00 17% Time Frame: 6 Months Research Analysts Dharmesh Shah [email protected] Nishit Zota [email protected] January 27, 2017 Techno Funda Pick: Maruti Suzuki (MARUTI) Time Frame: 6 Months CMP: | 5885. 00 BiBuying Range: | 5770-5910 Tt|Target: | 6640. 00 UidUpside: 14% Stock Data Key technical observations Recommended Price 5770-5910 The share price of Maruti has remained in a secular uptrend since 2014 as it continues to form higher peak and higher Price Target 6570 trough in all time frame and has consistently generated superior returns for investors over the long term. Within this structural bull run, the stock has undergone periodic phases of consolidation providing fresh entry opportunities for 52 Week High 5974 medium term players to ride the uptrend. We believe the consolidation over the last three months has approached 52 Week Low 3193 maturity and the stock provides a good entry opportunity for medium term investors. 50 days EMA 5474 The stock rebounded from a major support area ... 200 days EMA 4995 The stock after hitting a life-time high of | 5974 in the first week of November 2016 has entered a corrective 52 Week EMA 4888 consolidation phase to work off the excesses post the breakout rally from March 2016 low of | 3185 to the life-time *Recommendation given on i-click to gain on January high of 5974.
[Show full text]
Equity Strategy
FOR EXTERNAL DISTRIBUTION TO THE FOLLOWING GROUP OF CUSTOMERS ONLY: 1. Accredited Investors (Singapore: Priority Banking). Further distribution of this publication to other group(s) is STRICTLY PROHIBITED. India Top Picks equity strategy This reflects the views of the Wealth Management Group equities | 07 March 2014 Sensex consolidating in a narrow range Contents No changes to our Top Picks this month Sensex consolidating in a narrow range 1 On Watch: India Top Picks 2 – Maruti Suzuki (MSIL IN) to Cut (waiting for a rebound) India Top Picks Review 2 – Tata Power (TPWR IN) and HPCL (HPCL IN) or Oil India Range-bound till elections 7 (OINL IN) under consideration to Add Technical Commentary 8 Indian markets were up last month because of better-than- India Top Picks – Results Update 18 expected inflation data and pre-election opinion polls suggesting Sector – Performance & Valuations 19 that the BJP-led coalition is the frontrunner for forming the next List of Equity Market Commentary Publication 21 government at the Centre. Important Information 22 Of the stocks we highlight, we believe those with the most favourable technicals are Cipla (CIPLA IN), Lupin (LPC IN) and Tech Mahindra (TECHM IN). We would advocate investors consider adding to these names at current levels. In the Interim Union Budget, the Finance Minister surprised the market by announcing that the FY14 fiscal deficit would be 4.8%, 20bps lower than previously forecast. Other highlights include the lack of populist measures ahead of the budget and excise duty Rob Aspin, CFA reduction in automobiles, capital goods and non-consumer Head, Equity Investment Strategy durables.
[Show full text]
A Fundamental Analysis of Indian Automobile Industry with Special Reference to Tata, Maruti & Mahindra & Mahindra
International Journal of Marketing, Sales and Brand Management Volume 1 Issue 2 A Fundamental Analysis of Indian Automobile Industry with Special Reference to Tata, Maruti & Mahindra & Mahindra Mukund S Assistant Professor Department of M.B.A Marian International Institute of Management, Kuttikkanam, Kerala Corresponding Author’s email: [email protected] DOI: http://doi.org/ 10.5281/zenodo.3626835 Abstract The intrinsic value or the real value of any stock should be known to the investor prior to the initiation of investment in the particular company. Therefore fundamental analysis can be used to find out the intrinsic value. Fundamental analysis is based on certain factors including industry, competition, operational efficiency, dividend policy, capital structure, ratios etc. Those factors tend to change according to the industry and economy. Indian automobile industry had witnessed a growth rate of 8 % during 2019-20. The fuel prices have played an important role in the growth of automobile industry when it comes to price sensitive consumers in India. This study has attempted to analyze the fundamental components of three Indian made automobiles by using various financial and statistical techniques. Maruti stands No. 1 in the segment followed by TATA. Keywords: Automobile Industry, Dividend policy, Fundamental analysis, Operational efficiency, Ratios. INTRODUCTION to sales. 2017-18 can be considered as Indian automobile industry is a lucrative their best time of sales. It marked a double industry which is currently one of the digit growth rate from 1st April 2017 to largest markets in the world with regards 31st March 2018. We have taken three 1 Page 1-9 © MANTECH PUBLICATIONS 2019.
[Show full text]
Auto Yearbook FY20
AutoAuto Yearbook FY20 April 30, 2020 Section I: Update – What went down? FY20 was a tough year for the entire Indian automotive industry. Myriad demand and supply side issues continued to trouble the space, continuing the system-wide weakness that set in around the 2018 festive period. Broad- based decline in OEM volumes (Exhibit 1) throughout the year encapsulated the pain at that level as well as the knock-on impact on supporting Report ecosystems of ancillaries, on the one hand, and dealerships, on the other. Higher cost incidence and general reluctance in consumer spending affected the PV and 2-W segments most, while slowing economic activity and system pecial overcapacity took a toll on CV segment. OEM focus on inventory destocking S in the run up to BS-VI switchover from April 2020 and Covid-19 outbreak were other issues that adversely impacted Q4FY20, in particular. Total industry volumes fell 14.8% YoY to 2.63 crore – one of the worst performances in decades, with all major segments registering hefty declines- PV - Down 14.8% YoY to 34.53 lakh units, was dragged by 19.9% dip in passenger cars and 39% decline in vans. UV sub segment, however, posted 2.7% growth courtesy several successful new Research Analysts product launches CV – Was hardest hit, down 29.7% YoY to 7.78 lakh units. M&HCV Shashank Kanodia, CFA [email protected] sub segment dropped 43.3% amid persistent weakness in trucks (down 49.1%) while buses bucked the trend (up 3.5%). LCV sub Jaimin Desai [email protected] segment came off by 20.7% with both – passenger and goods categories in the red 3-W – Was down 10.2% YoY to 11.39 lakh units amid double digit declines in passenger as well as goods categories 2-W – Was down 14.4% YoY to 2.1 crore units.
[Show full text]
A Study on Customer Satisfaction on Hero Moto Crop
A PROJECT REPORTON “A STUDY ON CUSTOMER SATISFACTION ON HERO MOTOCORP” Submitted in partial fulfillment of the requirement of the award of the degree of “bachelor of Business management’’ of Bangalore University Submitted by MR. P.HARISH KUMAR (Reg.no.13VFC24067) Under the Guidance of MRS.MANJULA NEW HORIZON COLLEGE MARATHALLI BANGALORE -560103 2015-2016 `STUDENT DECLARATION I, P.HARISH KUMAR student of bachelor of business management, NEW HORIZON COLLEGE BANGALORE, bearing registration number 13VFC24067 declare this project entitled “A STUDY ONCUSTOMER SATISFACTION ON HERO MOTOCORP” was prepared by me during by me during the year 2015-2016 and was submitted in partial fulfillment for the award of bachelor of business management to Bangalore University, I also declare that this project is original and genuine and has not been submitted to any other university/ institution for the award of any degree, diploma or other similar titles or purposes Place: Bangalore Name:P.HARISH KUMARDate: Reg.no.13VFC24067 GUIDE CERTIFICATE Certified that the project report entitled“A STUDY ON CUSTOMER SATISFACTION ON HERO MOTOCORP’ submitted by MR.P.HARISHKUMAR bearing registration no. 13VFC24084 to bangalore university in partial fulfillment for the award of “Bachelor of Business Management” of Bangalore University, Bangalore is a record of independent project work under taken by him, under my supervision and guidance and the project has not be submitted either in part or whole for the award of any other degree or diploma of any university. Place: Bangalore MRS. SREEJA NAIR Date: (Assistant Professor HOD CERTIFICATE This is to certify that P.HARISH KUMAR(13VFC24084) isbonafide student of bachelor of business management.
[Show full text]
Global Cleantech 100
2020 GLOBALCLEANTECH100 Leading companies and themes in sustainable innovation Supported by: GLOBALCLEANTECH100 Contents Acknowledgements ........................................................ 3 Foreword .......................................................................5-7 How we select the Global Cleantech 100 ..................8-9 The Global Cleantech 100 in numbers ................. 10-11 The 2020 Global Cleantech 100 ............................ 12-21 Research Outlook ................................................... 22-23 Agriculture & Food .................................................. 24-26 Enabling Technologies............................................ 27-28 Energy & Power ....................................................... 29-32 Materials & Chemicals ............................................ 33-36 Resources & Environment ..................................... 37-40 Transportation & Logistics ..................................... 41-44 2019 graduates ....................................................... 45-47 About Cleantech Group ...............................................48 Meet the experts ..................................................... 49-50 2 January 2020 GLOBALCLEANTECH100 Acknowledgements We firstly wish to express our gratitude for the support of the Chubb Group of Insurance Companies, the headline sponsor of the 2020 Global Cleantech 100 program. The list would not have been possible without the 80 expert panelists (See pages 49-50) who gave up their time to provide input and opinion.
[Show full text]
Fuel Consumption from Light Commercial Vehicles in India, Fiscal Year 2018–19
WORKING PAPER 2021-02 © 2021 INTERNATIONAL COUNCIL ON CLEAN TRANSPORTATION JANUARY 2021 Fuel consumption from light commercial vehicles in India, fiscal year 2018–19 Author: Ashok Deo Keywords: CO2 standards, fleet average fuel consumption, mini truck, pickup truck, greenhouse gas emissions Introduction This paper examines the fuel consumption of new light commercial vehicles (LCVs) sold in India in fiscal year (FY) 2018–19. These vehicles are the N1 segment in India, and passenger vehicles are the M1 category.1 LCVs in India are not yet subject to any carbon dioxide (CO2) emission standards, even though such standards apply to passenger cars and have proven effective in driving down test-cycle emission levels of new vehicles. This work establishes a baseline of fuel consumption for the N1 segment in India, to help regulators develop an effective CO2/fuel consumption standard. Additionally, we compare the N1 fleets for FY 2014–15, FY 2017–18, and FY 2018–19, understand the characteristics of the mini truck and pickup segments within the N1 category, and compare the performance of major LCV manufacturers in India in terms of fleet average fuel consumption. Finally, we assess the performance of India’s LCV fleet against the LCV fleet in the European Union, considering the differences in the curb weight and size of the vehicles, and examine the performance of LCV manufacturers if a star labeling standard or passenger car fuel consumption standards were to be applied. Background LCVs are used in India as “last-mile” connectivity to move goods to their final destination. The light-duty vehicle market was approximately 87% passenger cars and 13% LCVs in FY 2018 –19.2 This study focuses on India’s LCVs, which are bifurcated into two segments by the Society of Indian Automobile Manufacturers (SIAM), as shown in www.theicct.org Table 1.
[Show full text]