The year 2017 has been an eventful year for markets as benchmark indices scaled news highs with Sensex rallying over Mount 32K and Nifty hitting a record high of 10,178.
Bata (BATA) has four strategically located manufacturing units with a production capacity of 21mn pairs of footwear per annum. The shift from basic-need-based category to evolving-fashion is visible in same stores sales growth (SSSG).
Cyient Limited, formerly Infotech Enterprises Limited, is engaged in providing software-enabled engineering and Geographic Information System (GIS) services. Cyient’s FY18 outlook includes double-digit growth for the services business, over 20 percent growth in DLM and operating margin improvement of 50bps YoY.
Larsen & Toubro Limited (LT) is a technology, engineering, construction, and manufacturing company. The Company’s segments include activities of Power, Infrastructure, Electrical & Electronics, Engineering Construction, Metallurgical & Material Handling.
Manappuram Finance Limited is an NBFC with second highest AUM as regards Gold loans (Rs107 bn) in the listed space. It has also been growing its presence across Microfinance, Housing Finance, Vehicle Finance and other aspects of consumer finance.
Mahindra Holidays & Resorts
Mahindra Holidays & Resorts India Limited (MHRIL) operates in leisure hospitality industry. The Company is engaged in the business of sale of Vacation Ownership and other related services in India. The Company’s principal activities include income from the sale of Vacation Ownership (VO); annual subscription fee from VO members, and income from the sale of food and beverages.
Backed by healthy capital adequacy and increasing demand for home loans DHFL’s loan book is expected to report 23 percent loan growth over next two-three years. Angel Broking expects the company’s loan growth to remain 23 percent over next two years and earnings growth is likely to be more than 28 percent.
Karur Vysya Bank (KVB)
KVB had a fairly strong loan CAGR of 14.9 percent over FY11-17.However, FY17 was the year of consolidation and loan book grew by only 4.7 percent. We expect loan growth to pick up to 11% over FY17-19. Deposit growth is expected at 9% during the period.
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