ANGEL ONE

ANGEL ONE-Buy for Decent Upside* Despite continued better financials, stock has come down 35% from recent high which makes it an excellent Buy FV: ₹10 CMP: ₹1281 52W H: ₹2022 MCap: ₹10700 crores *H1-2023 vs. H1-2022 & FY2022 Financials - crores* Income 1403 1008 2297 PBT 528 342 836 PAT 395 256 624 EPS ₹ 47.53 31.08 75.75 EPS for FY2023 is expected to be ₹109* As per its announcements to stock exchanges in business update and board meeting to be held on January 16, expected 3rd Interim Dividend with Q3 excellent earnings.* 1️⃣ Trading at lowest of PE 13.97 compared to Sector PE of 40.28 2️⃣ Highest Dividend Yield of 2.11% than any other listed company in the same sector. Maintaining a healthy Dividend Payout of 31.1%. 3️⃣ Angel One has delivered Profit Growth of 82.4% CAGR over last 5 years. 4️⃣ Its has a good Return on Equity (ROE) track record of 36.3% for the past 3 years. 5️⃣ Shareholding of Promoters is 56.29%, Nippon India Growth Fund is 5.70%, International Finance Corporation is 5.22%, Small Cap World Fund is 1.11%, Hornill Orchid India Fund is 1.21%, HNIs are 15.28%.

GOA CARBON

GOA CARBON *BIG BREAKING-EXCLUSIVE* Neutral Citation Number: 2023/DHC/000178 - IN THE *HIGH COURT OF DELHI AT NEW DELHI Date of decision: 10th JANUARY, 2023* Verdict: Allowed and the Respondents are directed to re-draw the allocation of Raw Petroleum Coke to the various calciners in accordance with the observations made by this Court in this Order What is the case: One Calciner got additional allocation of Raw Petroleum Coke for its expansion of 1.30 lakhs metric tonnes for the last three financial years. Vide the above said order of The Delhi High Court stated that *this allotment has the effect of upsetting the rationale of the Order dated 09.10.2018 passed by the Apex Court while LPA 25/2021 etc. fixing the quantity of import of Raw Petroleum Coke at 1.4 Million MT.* The above order will allow *GOA CARBON to get additional allotment of RPC from 1.8 lakhs* (approx.) than allocated for the last three FYs and future. DoW estimates that Goa Carbon should get approx 40000 Ton of additional RPC ( raw material for CPC) every year. It will help increase production by 50000 Tons p.a. resulting in Profit to increase by roughly 20 Cr

Kamat Hotels

Kamat Hotels - Strong Outlook* Owns Strong Brand of Hotels & Restaurants ▪The Orchid ▪The Heritage Collection ▪Lotus Eco Beach Resorts ▪Vithal Kamat Original Family Restaurants H1FY23 Performance ▪Revenue at 132cr vs 47cr YoY ▪PAT of 14cr vs -21cr YoY ▪EPS of 5.91 vs -8.97 *Estimates* 👉We estimate H2 PAT to be 30cr *Future Outlook* 👉Room tariffs are likely to remain high going forward, with a demand-supply mismatch continuing in the hospitality sector 👉Occupancies & Room Rates continue to remain Strong even after Holiday seasons 👉RevPAR for industry continues to grow YoY 👉Uptick in Leisure Travel continues Post Covid 👉The industry is now thriving on domestic demand and gradual increase in international travel is expected to add further growth to it 👉Demand Supply mismatch will drive ARR & RevPAR even higher *After 2 Years of Drubbing due to Covid, the Post Covid Era provides an Excellent Opportunity for the Hotel Industry given the Tailwinds*

TVS Motor

TVS Motor intends to invest Rs 1000 cr in Madhya Pradesh (12-Jan-2023 , 09:38 Hours IST) TVS Motor Company expressed its intention to invest in Madhya Pradesh for its potential future two-wheeler and three-wheeler expansion in electric and internal combustion engine (ICE) vehicles. Over a period of time, this could entail an investment of over Rs.1,000 crore and generating direct and indirect employment in Madhya Pradesh of over 2,000 jobs. The announcement was made at the Global Investors Summit 2023 held at Indore in the presence of the Shivraj Singh Chouhan - Honourable Chief Minister of Madhya Pradesh.Powered by Capital Market - Live News

Sagar Cements

Sagar Cements - Acquisition of Andhra Cements Ltd. ▪SGC has received LOI from NCLT, Hyderabad for acquisiton of Andhra Cements Ltd (capacity 2.6mtpa GU; 1.8mtpa in Guntur & 0.8mtpa in Vizag/ 1.65mtpa clinker). ▪Our understanding says that the deal is likely to be <$45/ tn including capex to operationalize the plant. ▪Final approval to take another 2 weeks of time and production of cement/ clinker to commence in Q1FY24. View - This is positive as it will help to capture the future growth and maintain/ increase volume and market

Redington

Redington to build FinTech ecosystem Chennai-based Redington, a distribution and supply chain solutions provider, is building a FinTech ecosystem to leverage financing as a tool to drive business growth for the partner community, according to CEO Ramesh Natarajan. Redington will combine its financial strength and market insights, with the fast evolving technology and FinTech ecosystem in India and outside for this initiative, he told businessline. “There are many projects that require a higher number of days of credit,” Natarajan said, which its proposed FinTech platform would offer The FinTech initiative will enable a host of digital payment modes for partners (through payment links, cards and Unified Payments Interface), and channel financing solutions via digital platforms. The platform will enable the Buy-Now-Pay-Later option for new partners who require small ticket financing. Redington’s credit analytics backbone will drive this initiative that builds on partner profiling intelligence and Artificial Intelligence I tools to provide insights for credit decisions, he said. The company’s credit management system does business worth $1 billion with 5,000 to 7,000 partners every quarter. It offers a credit period of 15 to 60 days. For credit periods of a longer duration, it makes channel financing possible through companies such as Aditya Birla Group and Cholamandalam Finance, he said. “We are trying to get project finance options available to partners when it comes to larger projects,” he said. The financing foray includes digital lending solutions for customers in the residential rooftop solar business, he said. “All of this is work-in-progress. We should have a full-fledged FinTech platform in the next 12-18 months,” he said.

Uttam Sugar Mills

Uttam Sugar Mills company will increase/enhance the "Distillery Capacity (Ethanol)" from 150 kilo liters per day (KLPD) to 250 kilo liters per day (KLPD) at Barkartpur plant of the company for a total project cost of Rs 56 crore which will be financed through internal accruals /loans and completed by December 2023. The company will also increase/improve its "Cane Crushing Capacity" from 23750 tonnes per day (TCD) to 26200 tonnes per day (TCD) and improve its energy efficiency for a total project cost of Rs 40 crore, which will be financed through internal accruals/loans and completed by November 2023. Company has a market cap of Rs 1,163.93 crore. The company is engaged in manufacturing sugar, industrial alcohol and generating power. The stock has a PE multiple of 9.11 whereas the sectoral PE multiple is 16.3 and an ROE of 26.53 per cent. According to the financial statements, net sales increased by 14.41 per cent in H1FY23 compared to H1FY22 and net profit was Rs. 27.56 crore. Comparing FY21 to FY22, net sales increased by 11.86 per cent. The net profit barely reached Rs 59.76 crore in FY21 but it skyrocketed by 125.77 per cent to Rs 134.92 crore in FY22. 1