India’s leading company – L&T is in the process of re-organizing the company’s operations into 9 independent companies. Each company would have an independent board and management team under the L&T legal entity with the intent of making the decision-making process quicker, resulting in (more…)
Month: March 2011
Inflation + Industrial Production
India’s Feb inflation rose to 8.3% ahead of consensus estimates of 7.8%. The trends in the Fuel Index and Primary Articles were in line with weekly readings, the rise in Manufactured Products (+4.9% vs. 3.8% last month) was the key reason for the (more…)
Lovable Lingerie – Review / Recommendation
Lovable Lingerie Ltd (LLL) is one of India’s leading women’s innerwear manufacturers with flagship brands “Lovable” and “Daisy Dee”. “Lovable” is a premium women’s innerwear brand while “Daisy Dee” is a mid segment market brand. Lovable is amongst the top three most preferred brand in women’s innerwear in India.
LLL’s products are retailed through 103 distributors which are segmented geographically and also on the basis of the product range in (more…)
FII Stratgey – Sell India or Stay on Sidelines
With the DMK withdrawing support to the Weakest Prime Minister in Indian History, the case for FIIs Sell India or Wait on the Sidelines has gotten stronger. Adding to the woes of PM, the Supreme Court took to task the office of the PMO for appointing potentially highly corrupt official – Thomas for the post of CVC and eventually quashing his appointment order only tells the impotence of Governance.
The Government was just vocal about tackling the Highest Inflation in independent India and over the next 6 (more…)
TIL India – Review
TIL reported strong Q3FY11 consolidated revenue growth, at 22% Y-o-Y to INR 3.8 bn, spearheaded by strong growth in material handling systems (MHS) and construction & mining systems (CMS); these two businesses grew 40% and 55%, to INR 0.7 bn and INR 1.8 bn, Y-o-Y, respectively.
TIL had an unexecuted order book of INR 1,812 mn against INR 2,581 mn in Q3FY10, down 30% Y-o-Y. Management expects pickup
in order inflows on the back of increased infrastructure activities. Through Kharagpur plant (expected to be operational by April (more…)
Budget Buy – Coromandel International
Coromandel is the largest domestic manufacturer of phosphatic fertilisers among private players. It has manufacturing units in Andhra Pradesh and Tamil Nadu. Apart from farm inputs comprising fertilisers, pesticides and specialty nutrients, the company also entered the rural retail business in Andhra Pradesh through its Mana Gromor Centres and Mithra centres.
The company also entered into a licence agreement with Shell Research Ltd. for manufacturing sulphur (more…)