26 July 2011

Crompton Greaves Ltd - Q1FY12 Result Update ::Unicon

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Crompton Greaves Ltd - Q1FY12 Result Update

Crompton Greaves Ltd (CGL) consolidated revenue came significantly below Unicon’s and Consensus estimate due to muted growth at subsidiary level and margin erosion both at standalone and subsidiary level. Consolidated revenue for Q1FY12 marginally grew by 5% YoY to INR 24.3bn. While standalone revenue was up 9% YoY, revenue at subsidiary level remained muted for the quarter. The operating profit at INR 1.8bn was down 38% YoY. Lower operating profit margin was due to higher input cost and staff cost. While operating profit margin at 12.7% reduced 288bps YoY on standalone basis, CGL’s subsidiaries made operating loss during the quarter under review against profit of INR 9mn during same quarter last year.

Interest for the quarter rose sharply by 118% to INR 110Mn, primarily to fund its growth plan at subsidiary level and higher working capital days. Lower sales, higher raw material and funding cost caused its net profit after tax to decline by 59% YoY to INR 778Mn. CGL’s power system segment profit declined by 74.2% despite marginal growth of 4% in its sales due to higher input cost and volatile commodity prices.

Outlook & Valuation

Given the a) intense competition in power segment with higher & volatile commodity prices in domestic market b) poor sentiments in overseas market in general and European region in particular, c) higher working capital cycle and cost of funding, we estimate EPS of INR 10 compared to INR 15 earlier for FY12e. Downgrade to Hold for price target of INR 190.



Thanks & Regards
Unicon Wealth Research

L&T FINANCE HOLDINGS IPO: Prospectus, Application /ASBA Forms; Grading Report; Anchor Allocation Report; ALL DETAILS

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L&T FINANCE HOLDINGS LIMITED
*Non-Retail investors i.e. QIB,Non-Institutional Investors and L&T Shareholders Bidding for more than 2 lac shall mandatorily use ASBA facility
Symbol - SeriesLTFH EQ
Issue PeriodJuly 27, 2011 to July 29, 2011
Post issue Modification PeriodJuly 30,2011
Issue SizePublic issue of [.] Equity Shares aggregating upto Rs 12450 million.(including Anchor Portion of 27,330,300 equity shares)
Issue Type100% Book Building
Price RangeRs.51 to Rs.59
DiscountEmployee category are eligible for a discount of Rs 2.
Face ValueRs.10/-
Tick SizeRe. 1/-
Market Lot100 Equity Shares
Minimum Order Quantity100 Equity Shares
IPO GradingIPO GRADE 5
Rating AgencyCARE and ICRA
Maximum Subscription Amount for Retail InvestorRs.200000
IPO Market Timings10.00 a.m. to 5.00 p.m.
Joint Global Coordinators and Book Running Lead ManagerJM Financial Consultants Private Limited,Citigroup Global Markets India Private Limited,HSBC Securities and Capital Markets (India) Private Limited
Book Running Lead ManagerBarclays Securitie s (India) Private Limited,Credit Suisse Securities (India) Private Limited
Co Book Running Lead ManagerEquirus Capital Private Limited
Syndicate MemberJM Financial Services Private Limited,SMC Global Securities Limited,Karvy Stock Broking Limited,IDBI Capital Market Services Limited
Categories*FI,IC,MF,FII,OTH,CO,IND, NOH, EMP and SHA.
No. of Cities with Bidding Centers66
Name of the registrarSharepro Services (India) Private Limited
Address of the registrar13 A B, Samhita Warehousing Complex,2nd floor, Sakinaka Telephone Exchange Lane,Andheri - Kurla Road,Sakinaka, Andheri (E), Mumbai ?4 00072
Contact person name number and Email idMr. Prakash A Khare, Te l: +91 22 6191 5400/412 Fax: +91 22 6191 5444,prakashk@shareproservices.com
ProspectusClick Here
Trading Member ListClick Here
Application FormsClick Here
ASBA e-form linke-Forms
Grading ReportClick Here
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA formClick Here
Anchor Allocation ReportClick Here

conference call :: Q1FY12 results of Navneet Publications (India) Ltd.

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arm research pvt ltd.
invites you for the conference call
for an Overview on Education sector & Q1FY12 results of
Navneet Publications (India) Ltd.
(Sector: Education)
With
Mr. Sunil Gala
(President –Finance)
On Friday, 29th July 2011 at 11.00 Am


Conference Access Numbers:
Single India Number ( Local call anywhere in the country)
1860 266 3376
Toll Free - Option 1
1800 266 3376
Toll Free - Option 2
1800 200 2282
Mumbai
022 2821 3311
Alternate Numbers
Chennai
044 2370 2370
Hyderabad
040 2799 2211
Pune
020 2445 0506
Bangalore
080 2532 6215
Kolkata
033 2559 0707
Delhi
011 2685 2727

BSE, Bulk deals, 26/7/2011

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Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
26/7/2011530027Aadi IndsGUINESS FINANCE & LEASING PRIVATE LIMITEDS23400015.66
26/7/2011590006Amrutanjan Health-$A K G SECURITIES AND CONSULTANCY LTDB52901949.78
26/7/2011590006Amrutanjan Health-$CROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB51745954.23
26/7/2011590006Amrutanjan Health-$CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDB24066948.71
26/7/2011590006Amrutanjan Health-$R M SHARES TRADING PRIVATE LIMITEDB26655948.65
26/7/2011590006Amrutanjan Health-$R M SHARES TRADING PRIVATE LIMITEDS26655949.12
26/7/2011590006Amrutanjan Health-$CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDS24066947.84
26/7/2011590006Amrutanjan Health-$CROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS51745953.40
26/7/2011590006Amrutanjan Health-$A K G SECURITIES AND CONSULTANCY LTDS52901949.98
26/7/2011524760Arvind Intl-$HARSHA MAYURBHAI SHETHB5130014.40
26/7/2011524760Arvind Intl-$HARSHA MAYURBHAI SHETHS13938814.07
26/7/2011506027Bhoruka AlumSUNRISE INVESTMENTB14480833.51
26/7/2011506027Bhoruka AlumSUNRISE INVESTMENTS14480833.69
26/7/2011533469BIRLAPACIFICMAN MOHAN DAMANIB100000017.95
26/7/2011533469BIRLAPACIFICMILESTONE SHARES & STOCK BROKING PRIVATE LIMITEDS100000017.95
26/7/2011533469BIRLAPACIFICV P PATELS123493917.77
26/7/2011500097DALMIASUGDBEL EMPLOYEES WELFARE TRUSTB275685618.25
26/7/2011500097DALMIASUGVALIANT MAURITIUS PARTNERS OFFSHORE LTDS110263518.25
26/7/2011500097DALMIASUGVALIANT MAURITIUS PARTNERS LIMITEDS165395118.25
26/7/2011502512Dhampur Sug KashDHARMENDRA RIKHANCHAND SHAH HUFS13303012.68
26/7/2011531695Dhvanil ChemRAMESHBHAI RATILAL PATELB10950062.25
26/7/2011531695Dhvanil ChemAASHWINA CONSTRUCTION PVT LTDB8000062.25
26/7/2011524590Dinesh AllorgaBRIJESHKUMAR SURESHBHAI SHAHB2000023.75
26/7/2011533333Fineotex ChemARYAHI BUILDWELL PVT LTDB80000309.00
26/7/2011533333Fineotex ChemAARKEN ADVISORS PVT LTDB80000309.00
26/7/2011533333Fineotex ChemG R D SECURITIES LIMITEDS65000309.01
26/7/2011533333Fineotex ChemMILESTONE SHARES & STOCK BROKING PRIVATE LIMITEDS95000309.00
26/7/2011531055GFLFINNAMDEO SHANTARAM GOLEB1700079.97
26/7/2011531055GFLFINBALDEVBHAI RAMANLAL PATELS1700080.00
26/7/2011531055GFLFINHIMMATLAL GANESHLAL KACHHARAS1540080.00
26/7/2011531055GFLFINDARSHANA N VORAS1500080.00
26/7/2011530165Kanchan IntlSHAIKH AKRAM SHAFIS1750079.49
26/7/2011530165Kanchan IntlKANCHAN KITCHENAID PVT LTDS2999984.47
26/7/2011530497Marvel CapitalNANDAN TRADING PRIVATE LIMITEDS2800026.90
26/7/2011513446Monnet IspatBLACKSTONE MANAGEMENT PARTNERS LLC AC BLACKSTONE GPV CAPITAL PARTB774250496.00
26/7/2011513446Monnet IspatSWISS FINANCE CORPORATION (MAURITIUS) LTDS773768495.94
26/7/2011513403PM TelelinnksSHAISHIL TUSHARKUMAR JHAVERIB10050035.39
26/7/2011513403PM TelelinnksPADMANABHAN RAGHAVANB5200034.97
26/7/2011513403PM TelelinnksSHAISHIL TUSHARKUMAR JHAVERIS10050035.15
26/7/2011513403PM TelelinnksPARESH RAMJIBHAI CHAUHANS5200035.40
26/7/2011531467Polypro FibrilsTEJRAJ TARACHAND DOSHI HUFS3531013.70
26/7/2011513558Real Strips-$B M TRADERSB41457105.63
26/7/2011533470RUSHIL DECORM/S. RIKHAV INVESTMENTSB98722158.48
26/7/2011533470RUSHIL DECORAMIT MANILAL GALAB158486160.30
26/7/2011533470RUSHIL DECORNIKHIL SECURITIES LIMITEDB124057158.57
26/7/2011533470RUSHIL DECORAMBER ENCLAVE PRIVATE LIMITEDB98617159.25
26/7/2011533470RUSHIL DECORDAVE HARIHAR KIRITBHAIB154853163.21
26/7/2011533470RUSHIL DECORCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB960530159.14
26/7/2011533470RUSHIL DECORBMD EXPORTS PRIVATE LIMITEDB154067165.66
26/7/2011533470RUSHIL DECORA K G SECURITIES AND CONSULTANCY LTDB497252158.28
26/7/2011533470RUSHIL DECORCHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDB291572159.30
26/7/2011533470RUSHIL DECORMARWADI SHARES AND FINANCE LIMITEDB139500159.63
26/7/2011533470RUSHIL DECORMANSUKH SECURITIES & FINANCE LTDB89972158.48
26/7/2011533470RUSHIL DECOREUREKA STOCK & SHARE BROKING SERVICES LTDB87798159.09
26/7/2011533470RUSHIL DECORR M SHARES TRADING PRIVATE LIMITEDB288413158.70
26/7/2011533470RUSHIL DECORLUMINOUS IMPEX PRIVATE LIMITEDB351451150.31
26/7/2011533470RUSHIL DECORLUMINOUS IMPEX PRIVATE LIMITEDS351451161.06
26/7/2011533470RUSHIL DECORR M SHARES TRADING PRIVATE LIMITEDS288406158.12
26/7/2011533470RUSHIL DECORMANSUKH SECURITIES & FINANCE LTDS90472158.61
26/7/2011533470RUSHIL DECOREUREKA STOCK & SHARE BROKING SERVICES LTDS87798159.36
26/7/2011533470RUSHIL DECORMARWADI SHARES AND FINANCE LIMITEDS139500159.74
26/7/2011533470RUSHIL DECORCHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDS291572158.89
26/7/2011533470RUSHIL DECORA K G SECURITIES AND CONSULTANCY LTDS497252158.27
26/7/2011533470RUSHIL DECORAJAY NATAVARLAL COMMODITIES PVT LTDS75000147.00
26/7/2011533470RUSHIL DECORCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS960530158.23
26/7/2011533470RUSHIL DECORM/S. RIKHAV INVESTMENTSS98722158.68
26/7/2011533470RUSHIL DECORNIKHIL SECURITIES LIMITEDS124057158.55
26/7/2011533470RUSHIL DECORDAVE HARIHAR KIRITBHAIS169849164.41
26/7/2011533470RUSHIL DECORAMIT MANILAL GALAS158486160.34
26/7/2011531886SCOPE INDDAMRAJU SRIHARI CHARANB12500018.75
26/7/2011531886SCOPE INDA V D NAGESWARA RAOS12500018.75
26/7/2011530219SHREEYASHBLISS INVESTMENT CONSULTANCYS10000020.00
26/7/2011530651Softech InfMAN MOHAN DAMANIS2010075.25
26/7/2011526827Spice Islands-$MANOJ DUA HUFB4500013.85
26/7/2011526827Spice Islands-$DHEERAJ KUMAR LOHIAB5582313.86
26/7/2011526827Spice Islands-$BP FINTRADE PRIVATE LIMITEDB2250813.94
26/7/2011526827Spice Islands-$BP FINTRADE PRIVATE LIMITEDS2250814.04
26/7/2011526827Spice Islands-$CM SECURITIES PVT LTDS16835214.05
26/7/2011517534SV ElectricalsOLEANDER MANUFACTURERS & CREDIT PVT LTDB20000033.06
26/7/2011517534SV ElectricalsVRINDA FARMS PRIVATE LIMITEDS18005933.07
26/7/2011512257SVARTCORPSWASTI VINAYAKA INVESTECH LIMITEDS2500006.00
26/7/2011526953Venus RemediesRKSV SECURITIES INDIA PRIVATE LIMITEDB145924254.31
26/7/2011526953Venus RemediesKAMAL KUMAR JALAN SEC. PVT. LTDB145276253.51
26/7/2011526953Venus RemediesRKSV SECURITIES INDIA PRIVATE LIMITEDS145924253.55
26/7/2011526953Venus RemediesKAMAL KUMAR JALAN SEC. PVT. LTDS145276254.32
26/7/2011517429VJIL Consulting-$VENKAT RAO JALAGAMS4000015.06
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price