reports
- Swarnendu Bhushan
MOSL : NOCIL: Another strong quarter aided by an uptick in demand
. NOCIL: Another strong quarter aided by an uptick in demand (NOCIL IN, Mkt Cap USD0.6b, CMP INR278, TP INR319, 15% Upside, Buy) NOCIL delivered a beat on our EBITDA estimate (at INR66/kg, -18% QoQ), with realization being flat QoQ (at INR333/kg, +27% YoY) in 1QFY23. Raw material costs were higher; however, volumes grew 16% YoY and 11% QoQ to 15.3kmt, which were boosted by easing of supply chains and an uptick in demand from OEMs as well as replacement demand. The company’s focus will b...
- Swarnendu Bhushan
MOSL: NOCIL (Buy)-Margin: The issue of the past, a concern of the futu...
NOCIL: Margin: The issue of the past, a concern of the future! (NOCIL IN, Mkt Cap USD0.5b, CMP INR244, TP INR320, 31% Upside, Buy) The prices of Aniline, a key raw material for NOCIL, have shot up by 20% MoM in Nov’21 (up 44% QoQ and 149% YoY) due to a supply crunch and other reasons mentioned below. This could result in a normalization of margin for NOCIL (recorded a peak margin of INR55/kg in the no Anti-Dumping Duty environment in 1QFY22). As the price of Aniline increases, the abilit...
- Swarnendu Bhushan
MOSL: NOCIL (Buy)-Carry-over of high cost inventory reduces margins
NOCIL: Carry over of high cost inventory reduces margins (NOCIL IN, Mkt Cap USD0.6b, CMP INR260, TP INR320, 23% Upside, Buy) NOCIL reported a miss on our EBITDA estimate (at INR36/kg, -32% QoQ), despite improved realization (to INR274/kg, +5% QoQ), on the back of higher raw material costs during the quarter. Volumes grew 4% QoQ to 13.7kmt. The management guided that NOCIL would continue to focus on growing its volumes, which it has done successfully thus far. Volumes sold are expected to...
- Swarnendu Bhushan
MOSL: NOCIL (Buy)-Clarity over pricing power; higher margins to sustai...
NOCIL: Clarity over pricing power; higher margins to sustain (NOCIL IN, Mkt Cap USD0.6b, CMP INR277, TP INR340, 23% Upside, Buy) NOCIL reported higher-than-estimated realization (pricing action taken in Apr’21 to offset the increase in input cost), while volumes came in below estimates (as operating activity at the customer was interrupted for 2–3 weeks by the second COVID wave). This translated to in-line revenue, although margins expanded. The gross margin stood at INR129/kg (v/s INR94/k...
Nocil Limited: 1 director sold
A director at Nocil Limited sold 65,000 shares at 178.002INR and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.