Company Background Bharat Heavy Electricals Ltd (BHEL) is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector. BHEL was established more than 40 years ago, ushering in the indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77. BHEL manufactures over [...]
The company’s Q2FY09 consolidated operational results were above expectations. Revenues grew by about 13% q-o-q, well above estimates. Continued client traction helped.MphasiS has seen no instances of any major re-structuring at client end. It has benefited in vendor rationalization programs. EDS revenues at 40% of overall revenues, provide good visibility. The management has re-iterated delays [...]
Apollo Hospital Enterprises Ltd. (AHEL) was incorporated by Dr. Prathap C Reddy in 1974. Today AHEL manages over 8000 beds in more than 41 hospitals and is the largest healthcare Services Company in South East Asia. AHEL has presence in all the major cities in India including all the metro cities. Key Points Strong Network [...]
The power ministry is pushing for so-called mega power project status to captive plants that can generate 1,000MW and above In a move that could increase the country’s power generating capacity and, simultaneously, benefit companies such as Mukesh Ambani’s Reliance Industries Ltd, or RIL, and Anil Agarwal-owned Vedanta Resources Plc.’s Sterlite Industries (India) Ltd, the [...]
Dipan Mehta, Member, BSE/NSE is of the view that Reliance Industries, RIL and Reliance Petroleum, RPL are attractive buy slightly lower from these levels. Mehta told CNBC-TV18, “The entire Reliance packs; both sides of the groups have performed exceedingly over the past two-three years; they have been market leaders and now that one has seen [...]
Idea Cellular’s Q1FY09 results were in line with our estimates with a revenue growth of 10.2% quarter-on-quarter (q-o-q) to Rs21.7 billion.As expected, ARPU (average revenue per user) in the mobile segment declined 3.1% to Rs278. Fall in STD rates and roaming charges along with higher network operating costs and lower ARPU dampened margins in the [...]
Patel Engineering (PE) is a mid-sized infrastructure player with a strong presence in high-margin hydropower construction projects.With a burgeoning order book and access to leading-edge technology, the company appears well placed to capitalize on the current infrastructure spending in the country. It is one of the few players with pre-qualifications in hydro, upstream irrigation and [...]
Jaiprakash Associates Ltd. (JAL) reported a 46.3% y-o-y increase in net sales, driven by the growth in construction revenue and the commencement of revenue inflow from the real estate segment. Also, the net profit margin improved by 142 bps y-o-y to reach 16.2%.The company is aggressively expanding its hydro power and cement capacities. The cement [...]
Bajaj Capital has recommended a buy rating on Bharti Airtel with a target price of Rs 1035 in its June 11, 2008 research report. “The company is a market leader with a market share of all India wireless subscribers at 23.8% as at FY08 end (22.4% last year). The enterprise services division provides carrier (long [...]
Reliance Industries Ltd. was founded by Mr. Dhirubhai Ambani and is India’s largest private sector enterprise. Starting with textiles in the late seventies, Reliance pursued a strategy of backward integration from textiles to polyester, fibre intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production. RIL has facilities in Naroda, Hazira, Patalganga and [...]
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