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<strong>Fincare Small Finance Bank which has 80% loan books in Micro Finance has come up with its annual results. Let us look at the results at a glance.</strong> <strong>1.</strong> Revenue in Fy22 has increased to 1674 Crores from 1376 Crores last year. Revenue is mainly contributed by Interest Income and Investment income. <strong>2.</strong> Total expenditure has increased from 1000 Crores in Fy21 to 1216 Crores in Fy22. <strong>3.</strong> Operating Profit has increased from 363 Crores to 431 Crores in Fy22. <strong>4.</strong> Loan Book of Fincare Small Finance Bank has increased from 5300 Crores to 7036 Crores. Until this stage, the Fincare Small Finance Bank has shown decent growth. However, if you see the Net-Profit, it has come down heavily from 146 Crores in Fy21 to just 5 Crores in Fy22. Almost 100% profit is decline. The main reason for the profit to decline is due to very high provisioning. In Fy21, the total provision for bad loans was just 216 Crores but that has increased to massive 425 Crores in Fy22. <strong>5.</strong> The Gross NPA has increased from 6.42% in Fy21 to 7.79% in Fy22. <strong>6.</strong> ROA (Return on Assets) has decreased from 1.44% to 0.09%. <strong>7.</strong> D/E has also increased from 1.04 to 1.52. <strong>8.</strong> Capital Adequacy Ratio has also reduced from 29.56% to 22.32% in Fy22. <strong>ESOPs Issued to Management</strong> During the quarter and year ended 31 March, 2022, the fincare Bank has received approval from RBI to grant stock options of 2,65,748 shares under Employee Stock Option Scheme to MD & CEO for FY 2022 (Pertains to FY 21 – proposal for FY 22 is yet to be submitted to the RBI). <strong>Valuations of Fincare Bank Unlisted Share</strong> Total Net-Worth as on 31.03.2022 is 1107 Crores. Total Shares Outstanding = 22 Crores Book Value = 50 CMP = 150 P/B = 3x <strong>Conclusion:</strong> Though Fincare Small Finance Bank has shown decent growth in loan book in Fy22 but the profitability was marred by increase in provisioning due to large bad loans. It means bank has still not able to come out from the shocks which Covid-19 has given to the banking and NBFC sectors in India. <a href="https://unlistedzone.com/storage/knowledge-logo/FSFBL-Regulation-march31.pdf">Results Link</a> Want to invest in Fincare Small Finance Bank? <a href="https://unlistedzone.com/shares/buy-sell-latest-price-fincare-small-finance-bank-unlisted-shares/">Click here</a>
<strong>Let us understand the deal with below-mentioned FAQs.</strong> <strong>Ques 1. What will happen to the shareholders of Aricent Technologies(Holding) after the merger?</strong> <strong>Answer:</strong> The merger of Aricent Technologies in Capgemini is a share swap deal. The swap ratio is mentioned below. “As per the valuation report dated 10 January 2022 obtained from M/s. SSPA & Co., Chartered Accountants, the share exchange ratio is arrived as of 1:17 (i.e., 1 equity share of Rs. 10 each of the Transferee Company for every 17 equity shares of Rs. 10 each of the Transferor Company)”. In layman terms, if you are holding 17 shares of Aricent Technologies, then you will get 1 share of Capgemini Tech. Services in your demat account. <strong>Ques 2. What is the Capgemini Tech Services India and Aricent Tech. Valuation as per above report?</strong> <strong>Answer:</strong> As per valuation report, the value of Capgemini Tech Services per share is Rs. 6509.62 and Aricent Technology Services India is Rs. 378.95 per share. So, 6509.62/378.95 = ~17 <strong>Ques 3. What is the Mcap of Capgemini Tech Services Mcap after the merger?</strong> <strong>Answer: </strong>Capgemini Tech Services = 59,13,95,00 After the merger, Capgemini Tech Services will issue new shares i.e. ~135054 Shares to public shareholders only. So, after merger, Total Outstanding Shares would be ~59274554. Valuation Price = 6509.62 Mcap = ~38000 Crores. <strong>Ques 4. What is Capgemini’s Current Unlisted Market price?</strong> <strong>Answer:</strong> Currently, in the unlisted market it is available at Rs.12000 per share. And, the Standalone Profit of Capgemini is 1800 Crores. EPS (FY22) would be 316 per share. So, P/E is 37x. The P/E is very high. If you see Indian peers like Infosys, Wipro, TCS etc they are currently available at 19x-30x P/E. The fair Value of Capgemini Unlisted Share Price would be somewhere around Rs. 7500-8000. <strong>Ques 5. Whether this merger is final?</strong> <strong>Answer: </strong>Yes, it is final. Though for the formalities they have given a chance to any equity shareholder who is desirous to express his/her views or ask questions during the Meeting, may register themselves by logging on to https://emeetings.kfintech.com and click on the ‘Speaker Registration’. Speaker Registration will be open from 26 July 2022 to 28 July 2022. Please note the shareholders who will have shares as on 23rd July 2022 will be applicable to cast their votes or ask question. But as majority shareholder is Capgemini Tech with 98.25% shareholding in Aricent Tech consider this merger as final. <strong>Ques 6. Why this merger is happening?</strong> <strong>Answer: </strong> <strong>a. </strong> The amalgamation is expected to enable pooling of resources of the Transferor Company and the Transferee Company to their common advantage, resulting in more productive utilization of the said 35 resources and cost and operational efficiencies which would be beneficial for all stakeholders. <strong>b.</strong> The amalgamation is expected to bring greater management focus, integration, enhanced greater financial strength, and economies of scale. <strong>c.</strong> The amalgamation is expected to reduce costs, administrative and procedural work and legal compliances, and generally improve efficiency in the corporate decision making of the merged entity. <strong>Ques 7. What will happen to the Aricent Tech Unlisted Shares Shareholders if they are not holding shares in the multiple of 17?</strong> <strong>Answer:</strong> Suppose you are an Aricent Tech Shareholder and holding 100 shares of it. So, 100/17 = 5.88 In this case, you will get 5 shares of Capgemini Tech Shares. For the 0.88 fraction, you will get cash after deducting the TDS. <strong>Ques 8. Who will get the Capgemini Tech Shares after merger if shareholder of Aricent Tech is no more?</strong> <strong>Answer: </strong>The concerned heirs, executors, administrators or successors shall be obliged to produce evidence of title satisfactory to the Board of Directors or its duly constituted committee of Capgemini Tech. <strong>Ques 9. What is the business of Capgemini Tech is all about?</strong> <strong>Answer:</strong> <strong>a)</strong> CTSIL is primarily engaged in providing Information Technology (‘IT’) and IT - enabled operations offshore outsourcing solutions and services to large and medium-sized organizations using an offshore/onsite model. <strong>b)</strong> CTSIL has its subsidiaries in India, Singapore, United States and United Kingdom. <strong>c)</strong> IT services and IT-enabled operations offshore outsourcing solutions are delivered using the offshore centres located in Bangalore, Gurgaon, Bhubaneswar, Hyderabad, Chennai, Noida, Mumbai, Pune, Kolkata, Trichy, Salem and Gandhinagar in India. <strong>Ques 10. What is the business of Aricent Tech is all about?</strong> <strong>Answer: </strong>ATHL, provides software development and support services to Altran Group companies, for use in the telecommunications industry. <strong>b)</strong> The software development services comprise software coding, documentation, testing, and maintenance activities which is undertaken by ATHL under the instructions/ guidance of Associated Enterprises (‘AEs’). <a href="https://unlistedzone.com/storage/knowledge-logo/Notice-to-Equity-Shareholders-of-Capgemini.pdf">Notice to Equity Holders</a> Want to Buy Capgemini Technology Service India Limited Unlisted Shares? <a href="https://unlistedzone.com/shares/capgemini-technology-services-india-limited-unlisted-shares/">Click Here</a>
<strong>1.</strong> Dalmia Bharat Refractories Ltd, part of the Dalmia Bharat Group, plans to tap into ex- port markets particularly Europe, West Asia, Africa and Asia apart from consolidating presence in India. <strong>2.</strong> Dalmia Bharat Refractories Ltd was formed following the merger of three different refractory units of the Dalmia Bharat Group. The merger was completed in March 2022. The company aims to be listed on the BSE by end-FY23 (one of the merged entity is listed on the Calcutta Stock Exchange and Metropolitan Exchange). <strong>3.</strong> Dalmia Bharat Refractories Ltd, the company is eyeing a turnover of 1,500 crore this fiscal, a 20 per cent rise year-on-year. In both the domestic and inter national markets, refractory growth is being driven by the steel and cement sectors, and also a "China plus one strategy" that companies are taking up to de-risk supply chains post Covid-led disruptions. <strong>4.</strong> We have started some trials in Germany before we turn regular suppliers and tap deeper into the export market. We are already present in added advantage". Germany, Belgium, Italy and France in Europe for steel re- fractories; in Spain, Canada, West Asia, Nigeria, Kenya and Morocco for cement refractory. We are looking to gain a greater share of the customers' wallet in these markets and in India. <strong>5.</strong> At least one of the two acquisitions we are looking at should materialise by the end of this calendar year. We can take external funding, if required.Dalmia Bharat Refractoies will also look at a capex of 300 crore over the next three-four years as it looks at a capacity ramp-up and "investment towards R&D" across units. Around 80-100 crore has been spent between FY19 and FY21.6. In unlisted market, shares of Dalmia Refractory were previously available but after the merger in March-2022, the name of Dalmia Refractory has been changed to Dalmia Bharat Refractory. So, all the shareholders who were previously holding Dalmia Refractory are now having Dalmia Bharat Refractory shares in their demat account. But after the merger, the company has locked the shares of Dalmia Bharat Refractory. So, they can't be transferred. <strong>6.</strong> In unlisted market, shares of Dalmia Refractory were previously available but after the merger in March-2022, the name of Dalmia Refractory has been changed to Dalmia Bharat Refractory. So, all the shareholders who were previously holding Dalmia Refractory are now having Dalmia Bharat Refractory shares in their demat account. But after the merger, the company has locked the shares of Dalmia Bharat Refractory. So, they can't be transferred. Check <a href="https://unlistedzone.com/shares/dalmia-bharat-refractory-unlisted-shares-price/">Dalmia Bharat Refractory Share Price</a>
<h4>Key Takeaways from IXIGO Annual Report 2022</h4> <strong>1.</strong> In FY22, Ixigo has completed 15 Years. They started the journey in 2007 by launching meta-search engine for Indian travelers, then train focussed application in 2013 and in 2022, it is a full stack application which provides various travel booking services such as bus ticket, Train Ticket, Railways and Flight tickets. <strong>2.</strong> In FY21-22, Ixigo has acquired ConfirmTkt, a fast-growing train-focused business. After acquisition, the Ixigo has become the #1 OTA for train bookings in India with over 42% market share among OTAs by the end of FY21. <strong>3.</strong> In FY21-22, Ixigo has clocked a revenue of 385 Crores and out of that 128 Crores was contributed by ConfirmTkt. So, big chunk of revenue is coming from the acquisition. <strong>4.</strong> In FY21-22, they have acquired one more company called Abhibus. After acquiring this company, Ixigo has become 2nd largest player in Bus ticket booking. <strong>5.</strong> In March-2022, they have touched 5 Million daily users who are coming on the application for booking various Bus, Train and Flight tickets. <strong>6.</strong> They have achieved 84 Lac monthly downloads in the month of March-22. <strong>7.</strong> The total Indian travel market has grown at an approximate CAGR of 10% from Fiscal 2015 reaching ₹ 4 Lac Crores in Fiscal 2020. This market size is expected to grow by 7% and reach ₹ 5 Lac Crores by 2024. <strong>8.</strong> Revenue has grown from 138 Crores in Fy21 to 384 Crores in Fy22. This much high growth has come due to acquisition of ConfirmTkt and Abhibus. However, if you check revenue on standalone basis, they have clocked revenue of 260 Crores. <strong>9.</strong> Despite showing excellent revenue growth, Ixigo is still in loss. The main reason for the loss is high Employees Cost, and Other Expenses (297 Crores) almost accounted for 77% of total revenue. <strong>10.</strong> Other expenses are one of the highest contributors. Let us understand them. <ol style="list-style-type: lower-alpha;"> <li>Distribution Cost - The commission given to partners who are bringing business for the company. This cost was 61 Crores in Fy22.</li> <li>Partner Support Cost - Cost to support Partner. It depends on volumes. This cost was 61 Crores in Fy22.</li> <li> Customer Refunds - Refunds to be given in case of cancellation. This has increased after August 2021, as “Free Cancellation Product” was launched by Ixigo. This cost was 61 Crores in Fy22.</li> <li>Advertising and Sales Promotions - The amount spent on brand awareness. This cost was 57 Crores in Fy22.</li> <li> Payment Gateway Charges - When user book tickets from Ixigo Platform, they have an option to pay via online methods. These online payment methods are secured by third Party Payment Gateways like Razor Pay, Cash-Free etc. So, for every ticket booking, some charge will go these payment gateways. This cost was 21 Crores in FY22.</li> </ol> <strong>11.</strong> In FY22, they incurred a loss of 21 Crores after they made 8 Crores of Profit last year. For more details about Ixigo Unlisted Shares, Please visit - <a href="https://unlistedzone.com/shares/ixigo-unlisted-shares/">IXIGO Unlisted shares</a>
<div class="tatsu-module tatsu-inline-text clearfix tatsu-HyGJvYHkt5 "> <div class="tatsu-inline-text-inner "> <p>IPL media rights may soar upto 4x; these benefit the most – The Economic Times – Jun 09, 2022</p> </div> </div> <div class="tatsu-module tatsu-inline-text clearfix tatsu-B1QyDtBktc "> <div class="tatsu-inline-text-inner "> <p>The stock has corrected to the Rs 180 level for now but the sale of media and broadcasting rights would be a major trigger for the South India-based franchise.<br /><br /><a class="tatsu-animated-link-inner " href="https://economictimes.indiatimes.com/markets/stocks/news/ipl-media-right-may-soar-up-to-4x-these-names-to-benefit-the-most/articleshow/92101454.cms?from=mdr" target="_blank" rel="noopener" aria-label="Read Full Article Here"><span class="tatsu-animated-link-text">Read Full Article Here</span></a></p> </div> </div>
Mohan Meakin, the manufacturer of popular brands like Old Monk has come up with annual results of FY22 yesterday on the MSEI exchange. <strong>Let us see the key takeaways from the Annual results.</strong> <ol> <li>The revenue has increased from 1100 Crores in FY21 to 1370 Crores in FY22. Excellent growth of 25%.</li> <li>EBITDA Margin in FY22 stands at 5.70% and in FY21 it was 5.53%.</li> <li> PAT has increased from 40 Crores in FY21 to 51 Crores in FY22. A growth of 27%.</li> <li>Total EPS in FY22 is Rs.60 per share.</li> <li> The <strong>Unlisted Share Price</strong> of Mohan Meakin is <strong>Rs. 1300 per share.</strong> So, <strong>P/E is 21.66x</strong>. Looks reasonable priced as compared to its peers.</li> <li>Mohan Meakin is a debt-free company.</li> <li> Current Ratio is 2.09x. Anything Above 1.5x is considered as good. So, Mohan Meakin will not face any issues in short term.</li> <li> In Fy22 Mohan Meakin has generated Cash from the operation of 47 Crores. In FY22, they purchased a PPE of 10 Crores. So, the net free cash flow is 37 Crores.</li> <li> ROE = 24%. Anything above 20% is considered good. In Fy22, Mohan Meakin has sold land in Lucknow for 3 crores. This 3 Crore is booked as an exceptional item in P&L.</li> <li> As of 31.03.2022, they have cash of Rs.32 Crores on their balance sheet.</li> </ol>
Tata Technologies, a Tata group company, is technical services provider in multiple industries like engineering and design, product lifecycle management, manufacturing, product development, automotive and aerospace among others. Tata Technologies has reported a 8.6 per cent rise in the profit after tax (PAT) to Rs 106.4 crore for the quarter ended on March 31, 2022, as against a profit of Rs 98 crore in the corresponding period previous fiscal. The total revenue from the operations jumped more than 40 per cent to Rs 922.3 crore in March 2022 quarter as against an income of Rs 658.2 crore clocked in the March 2021 quarter. Tata Technologies, a subsidiary of Tata Motors, was founded in 1989 and primarily operates in North America, Europe, the Middle East and the Asia Pacific region. On a sequential basis, the company has reported a 31.7 per cent drop in the net profit and 10.8 per cent decline in the revenue from Rs 154.6 crore and Rs 1,034.1 crore, respectively, for the period ended in December 31, 2021. Tata Technologies is one of the best available electric vehicle (EV) plays in the listed and unlisted space. It is driving towards strong revenue generation in the current fiscal to be back on the growth track via new business opportunities. For the entire financial year 2021-22, the profit-after-tax (PAT) increased 82.65 per cent to Rs 436.9 crore compared to a bottomline of Rs 239.2 in the previous fiscal. The revenue from operations increased 47.5 per cent to Rs 3,578.4 crore from Rs 2,425.7 crore during the same period under review. Recently, the global engineering and product development digital services firm has entered into a collaboration with the Assam government to transform 34 state polytechnics and 43 Industrial Training Institutes (ITIs) into futuristic Centres of Excellence (CoEs) entailing an investment of about Rs 2,390 crore. The company has signed a Memorandum of Agreement (MoA) with the Assam government for a period of 10 years for the purpose, Tata Technologies said in a statement. On an operational basis, the company reported a profit before taxes (PBT) of Rs 141.3 crore in Q4 FY22, 16.7 per cent higher than the 121.1 crore in the Q4 FY21, but slumped 29.8 per cent lower than Q3 FY22 from Rs 201.2 crore. In August 2005, Tata Technologies acquired INCAT International, a UK-and US-based automotive and aerospace puter engineering company for £53.4 million. INCAT was established in 1989. In October 2021, the Tata Motors' engineering arm had bagged new orders worth $100 million (750 crore). At the current pace, the company is poised to achieve its revenue target of Rs 3,600 crore. Tata Technologies is headquartered in Singapore, with regional offices in the United States (Novi, Michigan), India (Pune) and the UK (Warwick) with a combined global workforce of more than 8,500 employees serving clients worldwide. For the financial year 2020-21, Tata Technologies had posted a net profit of Rs 239.2 crore with a total income of Rs 2,425.7 crore. The technology company claims to have seen a strong uptick in the various segments like the embedded technology business segment, even in the pandemic. Tata technologies has been partnering with automakers from India, China, US, Japan, and Sweden for more adoption. The company is bagging majority of overseas orders from four-wheeler OEMs, it is eyeing two-wheeler OEM's too. Tata Technologies' mechatronics has enabled infotainment integration and validation for a premium European luxury carmaker.
<p>New Delhi: Adding another feather in the cap, the National Stock Exchange (NSE) has reported its earnings for the year ended March 31, 2022. The leading exchange continues to impress investors. On a consolidated basis, NSE reported a net profit of Rs 5,198 crore for the financial year 2021-22, a rise of over 45 per cent compared to a profit after tax (PAT) of Rs 3,573 crore in the previous financial year. <br /><br />According to the World Federation of Exchanges, (WFE), NSE is the second largest exchange in the world. Also, According to the Futures Industry Association (FIA), NSE emerged the world’s largest derivatives exchange in the world. <br /><br />The leading domestic exchange reported a 53 per cent jump in the Total revenue to Rs 9,500 crore during the year. It had reported a total income of Rs 6,202 crore in the previous fiscal. Among the income, transaction charge continues to be the main component, giving out a share of 6,965 crore. Listing services contributed Rs 184, Colocation charges brought Rs 443 core and treasury income yielded Rs 423 crore during the year. <br /><br />The operational income of NSE rose 59 per cent to Rs 8,929 crore, while the ratio of operating income and total income improved to 94 per cent from 91 per cent earlier. <br /><br />Incorporated in 1992, NSE was elevated to the status of stock exchange by Sebi in 1994 and commenced operation in the same year. NSE owns a number of subsidiaries including NSE Clearing, NSE Investments, NSEIT, NSEIT (US), NSDL, NSE Indices, NSE Data & Analytics and a few more. Life Insurance Corporation of India (LIC) is the largest shareholder of NSE with a 12.51 per cent stake. Other key stakeholding entities include SBI (4.42 per cent), Stock Holding Corporation of India (4.44 per cent), Aranda Investment (5 per cent) and SBI Capital Markets (4.33 per cent). The earning per share (EPS) of India's largest surged about 46 per cent to Rs 104.95 from Rs 75 earlier. NSE's net worth improved to 15,418 crore from 11,636 crore, whereas the book value of per share moved higher to Rs 311 from Rs 235 during the same period. <br /><br />The number of new investor registrations in India witnessed a substantial growth since 2020, with close to 10 million new registrations, thanks to the rising inflation and charm of the IPOs.</p> <div> </div>
<div class="page" title="Page 1"> <div class="section"> <div class="layoutArea"> <div class="column"> If you see the average returns of the top 15 shares and the some new entrants traded at UnlistedZone platform, most of them are giving negative returns in the last 6 months. <strong>Top 15 Shares Price movement in last 6 months.</strong> <div class="table-overflow-init"> <table style="width: 100%;" width="100%"><colgroup> <col width="111" /> <col width="134" /> <col width="134" /> <col width="104" /></colgroup> <tbody> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Share Name "}"><strong>Share Name</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":2,"2":"Price on 01.10.2021 "}"><strong>Price on 01.10.2021</strong></td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":2,"2":"Price on 31.03.2022 "}"><strong>Price on 31.03.2022</strong></td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":2,"2":"% Gain or Loss"}"><strong>% Gain or Loss</strong></td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Reliance Retail"}"><strong>Reliance Retail</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":3900}">3900</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":3400}">3400</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.13}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-13%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"CSK"}"><strong>CSK</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":185}">185</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":215}">215</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":0.16}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">16%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Studds"}"><strong>Studds</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":1900}">1900</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":1500}">1500</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.21}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-21%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"PharmEasy"}"><strong>PharmEasy</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":140}">140</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":69}">69</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.5}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-50%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Care Health"}"><strong>Care Health</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":240}">240</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":158}">158</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.35}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-35%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Five-Star"}"><strong>Five-Star</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":750}">750</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":550}">550</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.27}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-27%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"HDB Financials"}"><strong>HDB Financials</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":1050}">1050</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":785}">785</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.25}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-25%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Hero-Fin Corp"}"><strong>Hero-Fin Corp</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":1050}">1050</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":950}">950</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.1}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-10%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Fino-Paytech"}"><strong>Fino-Paytech</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":400}">400</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":195}">195</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.5}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-50%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Orbis"}"><strong>Orbis</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":65}">65</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":80}">80</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":0.23}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">23%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Tata Technology"}"><strong>Tata Technology</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":4000}">4000</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":6250}">6250</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":0.56}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">56%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Capgemeni"}"><strong>Capgemeni</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":9000}">9000</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":13250}">13250</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":0.47}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">47%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Sterlite Power"}"><strong>Sterlite Power</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":1400}">1400</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":1100}">1100</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":-0.21}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">-21%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Mohan Meakin"}"><strong>Mohan Meakin</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":1300}">1300</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":1525}">1525</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":0.17}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">17%</td> </tr> <tr> <td style="width: 28.3843%; text-align: center;" data-sheets-value="{"1":2,"2":"Signify"}"><strong>Signify</strong></td> <td style="width: 23.5808%; text-align: center;" data-sheets-value="{"1":3,"3":900}">900</td> <td style="width: 25.5458%; text-align: center;" data-sheets-value="{"1":3,"3":1300}">1300</td> <td style="width: 21.2882%; text-align: center;" data-sheets-value="{"1":3,"3":0.44}" data-sheets-numberformat="{"1":3,"2":"0%","3":1}">44%</td> </tr> </tbody> </table> </div> </div> <div class="layoutArea"> <div class="column"> Some unlisted shares like Fino, Care-health, HDB Financials, Hero-Fin Corp, Studds, Five- Stars, Reliance Retail etc are facing the heat as they had become overvalued in the unlisted market and the early investors who had bought at lower levels have started booking profit. Here, selling is more and buying is less, so prices are falling in the last 6 months. Reliance Retail will be a fairly valued under Rs.1500 per share. Currently, it is highly overvalued.If you see the above table, barring few unlisted stocks, most of them are trading in negative territory. There are many reasons for that like, over-valuations, low demand for stocks due to poor broader market conditions, delay in launching new IPOs and poor results by some unlisted stocks.For example, PharmEasy was down by 50% was mainly due to the heavy selling across the world stock market in the loss making tech startups. We have seen shares like Zomato, Policy Bazaar, Car-Trade, Paytm etc have lost their market capitalisation by massive % in India, and similar story was there in US markets as well. The valuations in the private market ( i.e. before IPO ) was skyrocketing, but IPO market is not willing to put money at such high valuation, so correction is happening. Delhivery IPO which was initially looking to raise money at $5 Billion dollars already cut down the valuation due to poor response in the IPO Market. </div> </div> </div> </div> <div class="page" title="Page 2"> <div class="section"> <div class="layoutArea"> <div class="column"> Some unlisted shares like Mohan Meakin, Signify, Capgemini, Orbis, Tata Tech, and CSK have given good returns as continuous demand was there for these stocks as they were fairly priced 6 months back. But now even some of these have become overvalued like Capgemini, Signify, Tata Tech, & Orbis. If you see the new entrants, Like Delivery, Boat, OYO etc all are trading at high valuation. So, buying them at the current prices looks overvalued. Actually, equation has changed in the last 6 months for the new age tech startups after dismal performance of Paytm post IPO. So, in nutshell we can say that due to overvaluation and poor results by some of the companies, the prices have come down in the unlisted market. </div> </div> </div> </div> </div>
Domestic smartphone maker Lava is planning to expand its 5G portfolio and launch two more 5G smartphones this year. The brand is closely coordinating with telecom operators also to ensure our devices deliver the right 5G network experience to consumers. We are planning to grow our market share 5X this year in low end smartphones. We have reach of 120k outlets and partnering with online platforms to ensure the right distribution of products. We will bring innovative products even in this segment powered by the Design Team. Indian Government’s PLI scheme for Indian brands will power this growth in low end smartphones,” Tejinder Singh, Product Head at Lava International said. The company currently has a production capacity of 50 million devices annually, of which 70% is consumed locally and the rest 30% is exported. The brand admits a challenge in the supply chain of smartphones, which will continue this year but will ease in the second half of year. The company earlier launched Lava Agni 5G which was powered by 6 nm MediaTek 810 chipset. According to the firm, the initial roll out of the 5G in the country will be limited to cities and with time the technology will be further relevant for areas like smart agriculture, telemedicine. Meanwhile, Lava International recently acquired Latin American handset brand China Bird CentroAmerica S.A to expand its presence in the Latin American market
Hexaware Technologies is setting up smaller centres with limited capacities across the smaller markets, challenging the traditional practices in the existing IT sector format, where companies set up mammoth campuses to host thousands of employees. In an interview with Hindu Business Line (HBL), R Srikrishna, CEO of Hexaware Technologies said that this is going to be a big shift in the company's strategy. During the pandemic period, the company hired the talent from smaller markets, with no centre or offices in those regions. The company roped in talent from Sub Africa, Lebanon, Turkey and Portugal. The company intends to add another 10,000 employees to its existing 25,000 workforce. Remote working and small centers are the future of the BPO industry. Srikrishna said that talent can be found even in smaller markets and the company can hire, say 50-100 people as opposed to the industry thinking of setting large campuses and hiring thousands of employees. "Due to this policy, we have marked our hiring presence at multiple new centers." Is the small new big? The compnay has three-fourth of headcount in India and is in the process to open up another center in Bhopal, Madhya Pradesh. This office would have a capacity of 1,000 employees. The company's attrition rate is moving northwards, in the range of 17-22 per cent, but the numbers have began to stablize lately. In the first quarter of 2022, Hexaware has hired 900 people from various colleges. The company was delisted from the bourses in the later end of 2020, after it was acquired by The Carlyle Group. The company has recently opened its second center in the Philippines. The company recently rejigged its boards, announcing new members added. It has inducted half a dozen Carlyle representatives from across the regions. It has introduced Michael W Bender, Non-Executive Chairman and Senior Partner Emeritus of McKinsey & Company as the new Non-Executive Chairman on the board. Joseph McLaren Quinlan, former CIO of Deloitte has joined the board.
<div class="page" title="Page 1"> <div class="section"> <div class="layoutArea"> <div class="column"> <strong>B91 is focussing on Premium Beer to Beat Inflation</strong> India’s fastest growing craft beer maker Bira is planning to increase the sale of its premium beer to beat the inflation. We all know due to supply chain issues around the world, the inflation is very high. In India, we have seen the WPI is at 13% and CPI a 7%. This has affected the whole sectors in the economy. <strong>Raw materials used in Beer?</strong> The main raw material used for making and packaging of beer is Wheat or Barley, Glass, and Aluminium. And, the prices of these commodities are soaring in the market. As per Motilal Oswal Report, Barley prices have been surged by 65% in the last one year and 5% quarter on quarter in the month of March. The barley prices are affected due to Russia and Ukraine war, as Ukraine exports world 18% barley. As per Jain, the founder of Bira Beer, the current environment is extremely tough as cost has risen by 30-70%. <strong>How bira is planning to tackle this?</strong> We all know, Bira beer has a double digit market share in the premium beers. In fact, when Bira was started in the year 2015 at that time they were selling only premium beers. However, they have slowly started manufacturing other beers to target smaller tier-2, tier-3 and tier-4 cities. Now, to beat inflation and pass on the cost to the consumers, they are focusing on selling premium beers. As wealthy people who consumes premium beers are not price sensitive. <strong>How many beers bira produces every month?</strong> As per Jain, B9 Beverages has also ramped up its capacity to 22 lakh cases a month (a case has 12 bottles), up from 6 lakh pre-Covid, with consumers returning to bars and liquor shops remaining functional. So, bira is producing ~2.64 Crores bottles a month. <strong>Market size of Beer Industry</strong> India’s beer industry, according to Expert Market Research estimates, was worth nearly Rs 37,100 crore in 2020, and is likely to reach Rs 66,200 crore by 2026 at an estimated annualised growth rate of about 9.2%. So, very good growth opportunities are available in the beer market for the company. <strong>Valuation of Bira Beer</strong> Currently, the Bira Beer Unlisted Share is available in the unlisted market at Rs.850 per share and with ~6 Crores shares outstanding, the Mcap or Valuation is ~5000 Crores. In FY22, they clocked a revenue of ~800 Crores, so Mcap/Sales = 6.25x. </div> </div> </div> </div> <div class="page" title="Page 2"></div>
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