Stock Market Live Updates 23 May 2024: Sensex, Nifty remain firm; banks shine

Action Construction Equipment Ltd. | CMP Rs. 1568 | M Cap Rs. 18672 Cr | 52 W H/L 1695/415

(Nirmal Bang Retail Research)

Result has improved

Revenue from Operations came at Rs. 835.8 Cr (11% QoQ, 36.2% YoY) vs QoQ Rs. 753.1 Cr, YoY Rs. 613.8 Cr

EBIDTA came at Rs. 129.7 Cr (26.2% QoQ, 76.9% YoY) vs QoQ Rs. 102.7 Cr, YoY Rs. 73.3 Cr

EBITDA Margin came at 15.5% vs QoQ 13.6%, YoY 11.9%

Adj. PAT came at Rs. 98.4 Cr vs QoQ Rs. 88.3 Cr, YoY Rs. 47.7 Cr

Quarter EPS is Rs. 8.3

Stock is trading at P/E of 34.5x FY26E EPS

Fiem Industries Ltd. | CMP Rs. 1206 | M Cap Rs. 3174 Cr | 52 W H/L 1299/822

(Nirmal Bang Retail Research)

Result improved

Revenue from Operations came at Rs. 557.5 Cr (14.5% QoQ, 27.8% YoY) vs QoQ Rs. 487 Cr, YoY Rs. 436.2 Cr

EBIDTA came at Rs. 75.5 Cr (17% QoQ, 25.3% YoY) vs QoQ Rs. 64.5 Cr, YoY Rs. 60.2 Cr

EBITDA Margin came at 13.5% vs QoQ 13.2%, YoY 13.8%

Adj. PAT came at Rs. 47.2 Cr vs QoQ Rs. 40.3 Cr, YoY Rs. 38 Cr

Quarter EPS is Rs. 17.9

Stock is trading at P/E of 17.4x FY25E EPS

JK Tyre & Industries Ltd. | CMP Rs. 404 | M Cap Rs. 10533 Cr | 52 W H/L 554/171

(Nirmal Bang Retail Research)

Result ok

Revenue from Operations came at Rs. 3698.5 Cr (0.3% QoQ, 1.8% YoY) vs QoQ Rs. 3687.7 Cr, YoY Rs. 3632.5 Cr

EBIDTA came at Rs. 481.2 Cr (-12.5% QoQ, 27.9% YoY) vs QoQ Rs. 550.2 Cr, YoY Rs. 376.2 Cr

EBITDA Margin came at 13% vs QoQ 14.9%, YoY 10.4%

Adj. PAT came at Rs. 193.8 Cr vs QoQ Rs. 225.3 Cr, YoY Rs. 98.2 Cr

Quarter EPS is Rs. 7.4

Stock is trading at P/E of 10.8x FY25E EPS

Ircon International Ltd. | CMP Rs. 290 | M Cap Rs. 27275 Cr | 52 W H/L 301/78

(Nirmal Bang Retail Research)

Result marginally ahead of Expectation

Revenue from Operations came at Rs. 3649 Cr (30.7% QoQ, -0.6% YoY) vs expectation of Rs. 3564 Cr, QoQ Rs. 2792.1 Cr, YoY Rs. 3669.9 Cr

EBIDTA came at Rs. 246.6 Cr (41.6% QoQ, 23.6% YoY) vs expectation of Rs. 224.6 Cr, QoQ Rs. 174.1 Cr, YoY Rs. 199.4 Cr

EBITDA Margin came at 6.8% vs expectation of 6.3%, QoQ 6.2%, YoY 5.4%

Adj. PAT came at Rs. 285.7 Cr vs expectation of Rs. 242.7 Cr, QoQ Rs. 185.1 Cr, YoY Rs. 248.2 Cr

Quarter EPS is Rs. 3

Stock is trading at P/E of 31.3x FY25E EPS

Metropolis Healthcare Ltd. | CMP Rs. 1904 | M Cap Rs. 9754 Cr | 52 W H/L 1935/1209

(Nirmal Bang Retail Research)

Result inline with Expectation

Revenue from Operations came at Rs. 331 Cr (13.7% QoQ, 17.1% YoY) vs expectation of Rs. 307.9 Cr, QoQ Rs. 291.1 Cr, YoY Rs. 282.5 Cr

EBIDTA came at Rs. 80 Cr (23.3% QoQ, 13.8% YoY) vs expectation of Rs. 77.6 Cr, QoQ Rs. 64.8 Cr, YoY Rs. 70.3 Cr

EBITDA Margin came at 24.2% vs expectation of 25.2%, QoQ 22.3%, YoY 24.9%

Adj. PAT came at Rs. 36.4 Cr vs expectation of Rs. 38.2 Cr, QoQ Rs. 27.2 Cr, YoY Rs. 33.4 Cr

Quarter EPS is Rs. 7.1

Stock is trading at P/E of 53.9x FY25E EPS

GE T&D India Ltd. | CMP Rs. 1355 | M Cap Rs. 34689 Cr | 52 W H/L 1354.8/172

(Nirmal Bang Retail Research)

Result is above expectations

Revenue from Operations came at Rs. 913.6 Cr (8.9% QoQ, 29.9% YoY) vs expectation of Rs. 860 Cr, QoQ Rs. 839 Cr, YoY Rs. 703.1 Cr

EBIDTA came at Rs. 111 Cr (14.9% QoQ, 297.6% YoY) vs expectation of Rs. 71.9 Cr, QoQ Rs. 96.5 Cr, YoY Rs. 27.9 Cr

EBITDA Margin came at 12.1% vs expectation of 8.4%, QoQ 11.5%, YoY 4%

Adj. PAT came at Rs. 66.3 Cr vs expectation of Rs. 51.8 Cr, QoQ Rs. 49.4 Cr, YoY Rs. -10.9 Cr

Quarter EPS is Rs. 2.6

Stock is trading at P/E of 121.8x FY25E EPS

Hitachi Energy India Ltd. | CMP Rs. 10844 | M Cap Rs. 45958 Cr | 52 W H/L 12368/3283

(Nirmal Bang Retail Research)

Result is above expectations

Revenue from Operations came at Rs. 1695.3 Cr (33% QoQ, 27.1% YoY) vs expectation of Rs. 1267.5 Cr, QoQ Rs. 1274.2 Cr, YoY Rs. 1334 Cr

EBIDTA came at Rs. 151.4 Cr (122.6% QoQ, 59.3% YoY) vs expectation of Rs. 81 Cr, QoQ Rs. 68 Cr, YoY Rs. 95.1 Cr

EBITDA Margin came at 8.9% vs expectation of 6.4%, QoQ 5.3%, YoY 7.1%

Adj. PAT came at Rs. 113.7 Cr vs expectation of Rs. 40.2 Cr, QoQ Rs. 23 Cr, YoY Rs. 50.8 Cr

Quarter EPS is Rs. 26.8

Stock is trading at P/E of 137x FY25E EPS

Laxmi Organic Industries Ltd. | CMP Rs. 256 | M Cap Rs. 7048 Cr | 52 W H/L 321/222

(Nirmal Bang Retail Research)

Result is above expectations

Revenue from Operations came at Rs. 792.1 Cr (14.1% QoQ, 8% YoY) vs expectation of Rs. 712.5 Cr, QoQ Rs. 694.3 Cr, YoY Rs. 733.2 Cr

EBIDTA came at Rs. 90 Cr (72.2% QoQ, 48.3% YoY) vs expectation of Rs. 60.1 Cr, QoQ Rs. 52.3 Cr, YoY Rs. 60.7 Cr

EBITDA Margin came at 11.4% vs expectation of 8.4%, QoQ 7.5%, YoY 8.3%

Adj. PAT came at Rs. 44.3 Cr vs expectation of Rs. 27.9 Cr, QoQ Rs. 27.2 Cr, YoY Rs. 24.3 Cr

Quarter EPS is Rs. 1.6

Stock is trading at P/E of 40.2x FY25E EPS

Gulf Oil Lubricants India Ltd. | CMP Rs. 938 | M Cap Rs. 4613 Cr | 52 W H/L 1120/406

(Nirmal Bang Retail Research)

Result has improved

Revenue from Operations came at Rs. 869.6 Cr (6.4% QoQ, 9.8% YoY) vs QoQ Rs. 817.5 Cr, YoY Rs. 792.1 Cr

EBIDTA came at Rs. 117.3 Cr (6.2% QoQ, 34% YoY) vs QoQ Rs. 110.4 Cr, YoY Rs. 87.5 Cr

EBITDA Margin came at 13.5% vs QoQ 13.5%, YoY 11.1%

Adj. PAT came at Rs. 86.2 Cr vs QoQ Rs. 80.1 Cr, YoY Rs. 62.2 Cr

Quarter EPS is Rs. 17.5

Stock is trading at P/E of 15x TTM EPS