reports
GE T&D INDIA reduced its risk exposure resulting in an upgrade to Slig...
GE T&D INDIA (IN), a company active in the Electrical Components & Equipment industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date October 29, 2021, the ...
MOSL: GE T&D INDIA (Neutral)-Big miss led by execution challenge-Cut e...
GE T&D India: Big miss led by execution challenge; Cut estimates 30% for FY21 (GETD IN, Mkt Cap USD0.7b, CMP INR178, TP INR180, 1% Upside, Neutral) Dragged by sub-par execution: 1QFY20 sales declined 37% YoY to INR7.3b, below our est. of INR11.9b. Execution during the quarter was hurt by declining HVDC sales, non-execution of stressed projects and postponement of a few project executions to 2QFY20 (from 1QFY20). This, along with operating de-leverage led to EBIDTA miss (-71% YoY to INR424...
MOSL: GE T&D INDIA (Neutral)-Faced with execution challenges-Still som...
GE T&D India: Faced with execution challenges; Still some time before upcoming orders enter execution stage (GETD IN, Mkt Cap USD1b, CMP INR265, TP INR275, 4% Upside, Neutral) Dragged by sub-par execution: Sales grew 10% YoY to INR8.9b in 4QFY19, below our estimate of INR10.8b. Execution during the quarter was hurt by declining HVDC sales, soft order inflow and a weak order book. This, along with operating de-leverage, led to a miss on EBIDTA (+330% YoY to INR770m versus our estimate of I...
MOSL: GE T&D INDIA (Neutral)-In-hand project execution on track, but o...
GE T&D India: In-hand project execution on track, but orders visibility dim (GETD IN, Mkt Cap USD1b, CMP INR274, TP INR280, 2% Upside, Neutral) performance above expectations: Sales declined 19% YoY to INR11.7b due to lower availability of HVDC orders for execution. Three of the four poles for the Champa Kurukshetra (CK) line are completed, and order backlog available for execution for the CK line stands at INR2b. EBITDA increased 55% YoY to INR1.1b (our estimate: INR1.0b), supported by ...
MOSL: GE T&D INDIA (Neutral)-A quarter of operational outperformance w...
GE T&D India: A quarter of operational outperformance with improved revenue mix (GETD IN, Mkt Cap USD1.1b, CMP INR290, TP INR330, 14% Upside, Neutral) Performance driven by better revenue mix and project closures: Sales declined 4% YoY on account of completion of the HVDC orders that it had bagged earlier. HVDC sales stood at INR0.9b, down 64% YoY from INR2.4b in 1QFY18. Non HVDC revenue grew 11% YoY. EBITDA grew 37% YoY to INR1.4b (ahead of our estimate of INR650m), with the margin expan...
MOSL: GE T&D INDIA (Neutral)-Operating performance below expectations ...
GE T&D India: Operating performance below expectations led by execution miss (GETD IN, Mkt Cap USD1.2b, CMP INR314, TP INR305, 3% Downside, Neutral) Performance impacted by weak execution: Sales fell 32% YoY to INR8.1b in 4QFY18, meaningfully below our estimate of INR13.3b. Execution was impacted by (a) a delay from a client in providing land for executing a project (INR1b revenue impact) and (b) multiple projects achieving closure in 3QFY18, and thus, new projects not reaching the revenu...
MOSL: GE T&D INDIA (Neutral)-Operating performance miss led by below-e...
GE T&D India: Operating performance miss led by below-expected margins (GETD IN, Mkt Cap USD1.6b, CMP INR407, TP INR435, 7% Upside, Neutral) Performance impacted by margin contraction: Sales grew strongly by 24% YoY to INR14.4b in 3QFY18, ahead of our estimate of INR9.3b, led by smooth execution of orders in hand. Adj. EBITDA (ECL provisioning of INR224m) of INR728m was 3% lower than INR751m in 3QFY17 and meaningfully below our estimate of INR1.0b due to execution of lower-margin orders. ...
MOSL: GE T&D INDIA (Neutral)- Operating performance above expectations
​GE T&D India:Operating performance above expectations(GETD IN, Mkt Cap USD1.6b, CMP INR405, TP INR440, 9% Upside, Neutral)Performance aided by margin improvement: Sales grew by a muted 4% YoY to INR8.7b in 2QFY18, below our estimate of INR9.3b, impacted by deferment of sales on account of GST implementation. EBITDA stood at INR805m, higher than INR349m in 2QFY17 and our estimate of INR700m, led by closure of a large order (Champa Kurukshetra phase I) with a better margin profile. EBIDTA margi...
MOSL: GE T&D INDIA (Neutral)-Operating performance above expectations
​GE T&D India: Operating performance above expectations; Maintain Neutral(GETD IN, Mkt Cap USD1.4b, CMP INR395, TP INR395, 0% Upside, Neutral)Performance aided by strong execution: Sales rose 41% YoY to INR12.1b in 1QFY18, meaningfully above our estimate of INR9.5b, led by strong execution of projects in hand. Adj. EBITDA stood at INR1.1b v/s INR21m (one-time tax provision of INR1.8b) in 1QFY17, with the margin expanding 850bp YoY to 8.7%. Adj. PAT stood at INR616m v/s INR360m in 1QFY17. EBID...
MOSL: GE T&D INDIA (Neutral)-Operating performance in-line-Maintain Ne...
​GE T&D India: Operating performance in-line; Maintain Neutral(KSCL IN, Mkt Cap USD1.4b, CMP INR357, TP INR320, 10% Downside, Neutral)Operating performance supported by strong execution: Sales rose 27% YoY to INR12.0b in 4QFY17, above our estimate of INR11.0b, led by strong execution of projects in hand. EBITDA stood at INR1.1b, as against INR604m in the year-ago period, with the margin expanding 280bp YoY to 9.2%. PAT stood at INR461m v/s INR270m in 4QFY16.EBIDTA margin expands led by better ...
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...
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