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Suzlon Energy Ltd.  is a company engaged in providing renewable energy solutions. The company produces wind turbines and offers a range of solar energy solutions like solar irradiance assessment, land acquisitions and approvals, infrastructure and power evacuation, supply chain installation and commission, life cycle asset management, etc. to name a few. The company’s manufacturing facilities for wind turbine generator components and rotor blades are located in India, Brazil and the US.



Looking at the quarterly trends of the company, Suzlon reported a revenue of Rs.747.31 crore for Q4FY19, a decrease of 69.43 per cent compared to Rs.1551.42 crore reported for Q4FY18. The company’s operating loss was Rs.6355.78 crore for Q4FY19 as against Rs.689.59 crore for Q4FY18. The net loss for Q4FY19 stood at Rs.6494.29 crore. On the annual front the company reported net sales of Rs.2543.50 crore for FY19, a decrease of 58.75 per cent as compared to the net sales of  Rs.6166.48 crore reported for FY18. For FY19, Suzlon incurred operating loss of Rs.6973.07 crore as against the operating loss of Rs.735.46 crore for the previous fiscal. The net loss was Rs.7413.33 crore for FY19 and Rs.1156.14 crore for FY18. Compared to FY18, there is an increase in the net loss for FY19. Currently, Suzlon is seeking solutions for its debt problems. To our investor-readers, we would like to recommend a HOLD



Fine Organic Industries Limited is a producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other applications. The company was founded to introduce Indian market to high quality additives for specialty applications having raw materials from locally grown plants and resources and having quality levels at par with international standards. Fine Organics expertise is in oleochemistry, in-house manufacturing technology, customer-centric research and development and has a techno-commercial mindset. On the financial front, the company reported an increase in the revenue by 7.35 per cent QoQ for O4FY19. PBDT decreased by 1.5 per cent QoQ to Rs.58.97 crore. Net profit for the fourth Q4FY19 was Rs.26.56 crore which is 21.07 per cent lower than that of Rs.33.65 recorded for Q3FY19.On the annual front, the company recorded a revenue of Rs.1043.97 crore for FY19. The PBDT was reported at Rs.240.69 crore. For FY19, the company had a profit of Rs.129.01 crore. The initial public offering (IPO) of Fine Organic Industries Limited opened for subscription on June 20, 2018, with a price brand of Rs.780-783 per share and closed on June 22, 2018. For the financial year ended March 31, 2019, the board of directors of the company recommended a dividend of Rs.7 per equity share of Rs.5 each fully paid. Thus, we recommend a BUY.



Indian Hotels Company Ltd. is a holding company engaged in short-term accommodation activities, restaurants and mobile food service activities. It conducts business operations related to owning, operating and managing hotels, palaces and resorts. The company also works in the business segment of providing air catering and investing activities. Its main business areas include Taj, Taj Safaris, Vivanta by Taj, Taj Trade and Transport and The Gateway Hotel and Ginger. Apart from these hotel-chains, additionally the company conducts business in around 20 various international destinations such as Maldives, Malaysia, Australia, United Kingdom, Bhutan, United States of America, Sri Lank, Africa and Middle East. The company has around 110 hotels in over 60 locations, which also include 25 Ginger hotels throughout India. TIFCO Holdings Limited, Lands End Properties Private Limited and Sheena Investments Private Limited are its subsidiaries. The company is a subsidiary of the Tata Group conglomerate and is headquartered in Mumbai, Maharashtra.

On the financial front, the nets sales for the fourth quarter of FY19 was Rs.843 crore, an increase of 5.03 per cent as compared to the net sales of Rs.802.66 crore for the third quarter of FY19. The PBDT for fourth quarter of FY19 was Rs.299.46 crore, an increase of 9.04 per cent as against Rs.274.63 reported for the previous quarter of the same fiscal. There was an increase in the net profit by 19.67 per cent for the fourth quarter of FY19 to Rs.164.77 crore when compared to Rs.137.69 crore for the third quarter of the same fiscal.

Looking at the annual trend, the net sales were at Rs.2780.41 crore for FY19, an increase of 7.60 per cent when compared to Rs.2583.95 crore for FY18. In FY19, PBDT also increased by 34.68 per cent to Rs.586.64 crore as against Rs.435.57 crore for FY18. At Rs.263.70 crore for FY19, a 78.45 per cent increase in the net profit for FY19 was reported when compared to the net profit of Rs.147.77 crore in FY18. Therefore, we recommend a HOLD



GAIL (INDIA) Ltd. is a state-owned Maharatna and one of the dominant players in India engaged in the business of transportation, distribution and processing of natural gas. The business segments of the company include transmission services such as natural gas and liquified petroleum gas (LPG), natural gas trading, petrochemicals, liquid hydrocarbons, city gas distributions and other segments, including GAIL TEL, exploration and production(E&P) and power generation. The company manufactures basic chemicals, fertilisers and nitrogen compounds, plastic and synthetic rubber in primary forms. It is also engaged in extraction of crude petroleum, natural gas and electric power generation.

Looking at the quarterly trends, for the fourth quarter of FY19, the company reported net sales of Rs.18,763.87 crore, a decrease of 5.18 per cent as against the net sales of Rs.19788.98 crore for the previous quarter of the same fiscal. The PBDT also decreased by 23.46 per cent for the fourth quarter of FY19 to Rs.2197.30 crore as compared with Rs.2870.88 crore for the third quarter of FY19. For the fourth quarter of FY19, the net profit decreased by 33.25 per cent to Rs.1122.23 crore when compared with Rs.1681.23 crore recorded for the third quarter of the same fiscal.

On the annual front, net sales for FY19 were Rs.75126.76 crore, an increase of 39.57 per cent when compared to Rs.53825.49 crore for FY18. For FY19, the PBDT increased by 27 per cent to Rs.10635.04 crore compared to Rs.8373.51 crore for FY18. The net profit for FY19 was Rs.6025.67 crore, an increase of 30.47 per cent as against Rs.4618.41 crore reported for the previous fiscal.

GAIL (India) Ltd. plans to list its subsidiary Gail Gas which was incorporated in 2008. GAIL (India) has an expected capital expenditure of Rs.54000 crore planned to be spent over the next two-three years so as to improve the infrastructure which will eventually result in increased volumes and more profit margins. We would like to recommend a HOLD to our investor-readers based on the financial performance. 



Bajaj Finance Ltd is engaged in the business of retail financing. The company is engaged in providing finance for two-wheelers, consumer durables, personal computers, personal loans, insurance services, etc. The company also extended its product line with the launch of IPO financing for high networth customers. The company plans to introduce new products, thus increasing its product portfolio as well as widen its presence in semi-urban and rural markets.

On the financial front, on a standalone basis, the net sales have jumped to `4886.54 crore in the fourth quarter of FY19 as against `3421.2 crore in the same quarter of the previous fiscal, a growth of 42 per cent on a YoY basis. The PBIDT of the company has climbed 6 per cent on a YoY basis and stood at `3407.51 crore in Q4FY19 as against `2358.58 crore in the same quarter of the previous year. The profit after tax (PAT) has risen 49.92 per cent on a YoY basis to `1113.59 crore as against `742.77 crore posted in the same quarter of the previous financial year.

On the annual front, the company posted net sales of `17,383.97 crore in FY19 as against `12,637.38 crore in FY18, up by 37.56 per cent. The PBIDT of the company has also risen 42.49 per cent and came in at `12,094.64 crore in FY19 as against `8,487.85 crore in FY18. The profit after tax (PAT) grew substantially by 56.58 per cent and stood at `3,890.34 crore in FY19, while in the previous fiscal, it was `2,484.51 crore. Recently, Bajaj Finance, the lending arm of Bajaj Finserv, has collaborated with MobiKwik to take the Bajaj Finserv Wallet to over 2 million online and offline MobiKwik merchant network stores. Apart from the power-packed integration, Bajaj Finserv has also taken the factors of functional innovation and customer convenience a step ahead by facilitating the option of linking the Bajaj EMI Network Card with the Bajaj Finserv Wallet. We recommend a HOLD keeping in mind the robust financials and the recent developments which could augur well for the company. 



Oil India Limited is an India-based oil exploration company. The company’s products and services include crude oil, natural gas, liquid petroleum natural gas (LPG) and pipeline transportation. The company holds 1,56,890 square kilometres of acreage, including those in India and overseas, covering 78 blocks, of which it holds in India 13 NELP as operator, 1 NELP as joint operator, 19 NELP as non-operator, 2 as JV, 8 nominated PELs, 1 CBM block and 21 PMLs. The company holds 3 blocks as operator, 8 as non-operator and 2 as JV partner overseas. The company is also in the business of LPG, pipeline, crude oil, natural gas.

On the financial front, on a standalone basis, the company’s net sales for Q4FY19 stood at `3086.89 crore, marginally posting a growth of 2.95 per cent from `2998.44 crore in the same quarter of the previous year. The PBIDT of the company for Q4FY19 was `1079.27, demonstrating a growth of 34 per cent from `800.55 crore in Q4FY18. However the company posted net loss of `208.54 crore in Q4FY19 compared to a net profit of `866.5 crore in Q4FY18.

 On the annual front, the company’s net sales for FY19 were at `13,734.968 crore, up by 28.89 per cent from `10,656.47 recorded in FY18. The PBIDT grew over 40 per cent and came in at `5,483.77 crore in FY19 versus `3,911.32 crore posted in FY18. The net profit posted by the company in FY19 was `2,590.14 crore versus a net profit of `2,667.93 crore in FY18, a fall of 2.92 per cent. Revenue was up 28.9%YoY to `137.35bn owing to 33% jump in oil price realisation to `4,783/bbl and NG realisation was up 14.9% YoY to USD3.1/mmbtu. Crude oil sales volumes were down 8% YoY to 3.06mmt As for the sector, the fuel subsidy provision of `37,478 crore for FY2020E also seems adequate to manage under-recoveries on domestic LPG and PDS kerosene. We thus recommend a BUY. 

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