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Company specific view
Company Remarks
Everest Kanto We believe the company to sell ~2.25 lakh cylinders in the quarter with average
realisations of | 8200 per cylinder. We believe higher crude prices have resulted in
increasing exports demand for CNG cylinders and increase in realisations to improve
EBITDA marigns for the company.
InfoEdge On the back sustained hiring across the board, revenues are expected to grow
23.3% YoY. However, with higher spend on marketing and promotional activities,
margins are expected to remain under pressure
Nitin Fire we expect company to sell 72000 CNG cylinders with average realizations of | 7800
per cylinder, constitutes ~48% of the revenues. With the rising demand of CNG
cylinders on the back of rising crude prices, the company is expected to witness
robust volume growth and higher realizations. Hence higher margins.
Orbit
Corporation
We expect the pre-sales volumes to remain weak during Q4FY11 due to lower off
take. Orbit revenue is expected to witness a muted growth of ~5% YoY on account
of slower execution across projects in Mumbai. Key monitorable: Pre-sales volume,
execution pick up, sales collection & debtors, & debt level.
Praj
Industries
The company has witnesses a | 250 crore incremental order book in Q3FY11 on
back of rising ethanol demand led by increasing crude prices. Order book stands at |
700 crore as on 31st December. We believe higher crude prices would led to
increasing engineering revenue and higher margins in Q4FY11.
Ruchi Soya
We expect a 20% YoY growth in Q4FY11E on the back of higher realizations. India's
oil imports too declined in the quarter on the back of higher global prices, which
augurs well for domestic players like Ruchi Soya. Consequently we expect the
company to post an EBITDA margin of 2.5% in Q4FY11.
Source: Company, ICICIdirect.com Research
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Company specific view
Company Remarks
Everest Kanto We believe the company to sell ~2.25 lakh cylinders in the quarter with average
realisations of | 8200 per cylinder. We believe higher crude prices have resulted in
increasing exports demand for CNG cylinders and increase in realisations to improve
EBITDA marigns for the company.
InfoEdge On the back sustained hiring across the board, revenues are expected to grow
23.3% YoY. However, with higher spend on marketing and promotional activities,
margins are expected to remain under pressure
Nitin Fire we expect company to sell 72000 CNG cylinders with average realizations of | 7800
per cylinder, constitutes ~48% of the revenues. With the rising demand of CNG
cylinders on the back of rising crude prices, the company is expected to witness
robust volume growth and higher realizations. Hence higher margins.
Orbit
Corporation
We expect the pre-sales volumes to remain weak during Q4FY11 due to lower off
take. Orbit revenue is expected to witness a muted growth of ~5% YoY on account
of slower execution across projects in Mumbai. Key monitorable: Pre-sales volume,
execution pick up, sales collection & debtors, & debt level.
Praj
Industries
The company has witnesses a | 250 crore incremental order book in Q3FY11 on
back of rising ethanol demand led by increasing crude prices. Order book stands at |
700 crore as on 31st December. We believe higher crude prices would led to
increasing engineering revenue and higher margins in Q4FY11.
Ruchi Soya
We expect a 20% YoY growth in Q4FY11E on the back of higher realizations. India's
oil imports too declined in the quarter on the back of higher global prices, which
augurs well for domestic players like Ruchi Soya. Consequently we expect the
company to post an EBITDA margin of 2.5% in Q4FY11.
Source: Company, ICICIdirect.com Research
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