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CONTENTS 46

Vol. 33 No. 02 • DEC 25 - JAN 7, 2018

Cover Story

Recommendations

09 10 12

Choice Scrip Low Priced Scrip Hot Chips

Regulars

Special Report

Focus On 52-Week High Stocks To Beat Markets

Analysis

VRL Logistics

On The Right Path To Deliver Growth 4

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

06 07 08 14 61 62 65 66

Editor’s Keyboard Company Index Market View Technicals Call Tracker Query Board Reviews Kerbside

Subscribers can access the complete databank consisting of more than 3500 companies on our website www.DSIJ.in Communication Feature sections are advertorials provided by the company & carried on “as is” basis.

DSIJ.in

Equities To Do Well In 2018 As Well !

he economy has seen a flux of innovation, reforms and technology in the ongoing year and is buckling up to embrace and reap the outcomes of these renovations entirely in 2018. Going forward, while the wave of digitisation is likely to strike the consumption and trade patterns more intensely, the prowess of new-age technology and artificial intelligence is set to take the markets by storm in the coming year. The transformations in various sectors such as automobile, with the introduction of electric vehicles and the banking sector, with reforms in insolvency norms, will be the driving factor for much of the market. The year 2017 has churned out huge returns for investors and traders alike. In a phenomenal rally, over 1,200 stocks surged during the year to generate returns in excess of 25 per cent and over 417 stocks more than doubled in 2017 so far. The year also proved to be unforgettable for mutual fund investors with most of the equity funds delivering returns in excess of 20 per cent. The year saw equity markets overcoming the headwinds brought by demonetisation and GST with consumer durables, metals and realty stocks outperforming the broader markets. Global equities, aided by synchronous economic growth in the developed world and emerging markets, is likely to do well in 2018. Indian markets will start factoring in the budget announcements and it looks to me that the rural economy will get a higher budgetary allocation, as is expected by several fund managers. The government’s increased emphasis towards the development in infrastructure and rural economy will bear fruits in the coming year. Investors will do well for themselves if they focus on select PSU banks, automobiles and such other stocks that will benefit from the higher growth trajectory of the rural economy. In 2018, we may see commodity prices rise a little bit, and hence, the commodity stocks may do well as well. In the coming issue, in cover story “Where to invest in 2018”, we have given our market outlook for the next year and have highlighted the key risks that one should look out for. Apart from the views from industry experts, we have shared some interesting statistics on how markets performed in 2017. In our special story “Focus on 52-week high stocks to beat markets” we have observed those stocks that are near their 52-w highs manage to outperform markets, and in a bull market situation, those stocks that are near their 52-week low tend to underperform the set of stocks which are close to their respective 52-week highs. Do let us know if you find our observation useful and whether it has changed the way you look at 52-week high stocks. For the long term investors, a bottom-up approach to investing will be highly profitable as there are investment-worthy opportunities in almost all the sectors. The sectors that have done well are expected to continue with the momentum and those sectors that have underperformed in 2017 are expected to improve their performance. Stay invested, stay diversified and invest with confidence in the asset class that again promises to outperform in 2018. Happy New Year in advance!

V B PADODE Editor-in-Chief

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

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Vol. 33. No. 02 • DEC 25, 2017 - JAN 07, 2018

Founder & Editor-In-Chief V B Padode Chief Copy Editor Prakash Patil Assistant Editor Yogesh Supekar

Marketing & Sales G M - Marketing & Sales Farid Khan Mumbai: Anand Chinchole (Manager-Media Sales) Delhi: Atul Verma (Sr. Manager - Sales & Marketing) Lokesh Sharma (Sr. Manager - Media Sales) Bengaluru: N K Vishwanatha (Sr. Manager - Sales) Chennai: P V Bhaskar (Sr. Manager - Media Sales)

Research Neerja Agarwal (Asst. VP – Research) Shashikant (Asst. VP – Research) Karan Bhojwani (Manager Research) Bhagyashree Vivarekar (Sr. Research Analyst) Apurva Joshi (Sr. Research Associate) Graphics Vipin Bendale Subscription & Customer Service Utkarsh Sawale Arvind Manor

Mutual Funds : Hemant Rustagi Tax: Jayesh Dadia

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Low Price Vs Choice Scrip

have been following your magazine for quite some time. I want to know whether I should invest more in your low price recommendations or in choice scrip recommendations. Please guide. - Rohit Bhandari Editor Responds: Thank you for writing to us. We always recommend a portfolio approach when it comes to equity investing. An ideal mix is 18 to 25 stocks from different sectors. You may allocate 2 to 3 per cent minimum in each low price and choice scrip. This way you will be able to create a solid diversified portfolio allowing yourself to benefit from the low price and choice scrip recommendations optimally with minimum risks. Please let us know in case you would need further information. Keep writing to us.

Recommendations Company/Scheme

Abbott India Avanti Feeds Bank of Baroda Brooks Laboratories Cadila Healthcare Caplin Point Laboratories Compuage Infocom Cupid Fairchem speciality Force Motors GAIL GHCL Goodricke Group Granules India Hindustan Copper Ltd. J.B.Chemicals and Pharm. Jain Irrigation Jindal Steel JK Cement Karur Vysya Bank Limited LT Foods NFL LTD Suzlon Energy Limited TVS Electronics Vedanta VRL Logistics

Reco. l l l l l

l l l l l l l l l l l l l l l l l l l

l l

Buy Buy Buy Exit Hold Buy Buy Buy Buy Buy Buy BP Buy Exit Buy Buy Buy Buy Buy Exit BP Buy Hold Hold Buy Hold

Price (`)

5565.00 2561.00 167.00 105.00 420.00 635.00 48.35 285.00 493.00 3468.00 500.00 315.00 457.00 128.00 91.55 243.45 127.00 186.00 1070.00 123.00 86.35 67.40 14.19 392.00 318.00 422.00

Column

Page No

Kerbside Cover Story Cover Story QueryBoard QueryBoard Cover Story Kerbside Hot Chips Cover Story Cover Story Cover Story Reviews Hot Chips QueryBoard Low Priced Scrip Choice Scrip Kerbside Technicals Cover Story QueryBoard Reviews Technicals QueryBoard QueryBoard Kerbside Analysis

66 54 55 62 63 56 69 12 57 58 59 65 12 63 10 9 68 15 60 64 65 15 62 64 67 20

BP - Book Profit • BPP - Book Partial Profits • BL - Book Loss DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Market Watch Sensex Made Record Highs

ensex is on a roll, and after hitting its record high on Wednesday, it has managed to send a strong message to the short sellers – market is in no mood to give up its gains. Sensex made record highs on Wednesday at 33,956 level. The major indices recorded impressive gains in the past couple of weeks with Sensex gaining as much as 3.15 per cent and Nifty gaining 3.41 per cent. The Mid-cap index gained 3.24 per cent, while the Small-cap index was up by 3.40 per cent, thus outperforming the major index Sensex by a thin margin. All of the sectoral indices closed in the green, with Auto index being the best performing index during the given period. Auto index was up by an impressive 7.96 per cent, while the Metal index closed higher

Nasdaq losing nearly 4.35 per cent. S&P 500 was up by 1.60 per cent while FTSE 100 gained 2.79 per cent. DAX gained 1.20 per cent , CAC 40 closed in the red by 0.12 per cent even as Hang Seng and Nikkie closed in the green, with gains of 0.49 per cent and 0.73 per cent, respectively. Shanghai was down by 0.40 per cent for the given period. The global equity markets rallied on the back of the US tax bill expected to be passed into a new law, which will help corporate America to improve its earnings. Gold traded flat with negative bias in the past couple of weeks while Brent crude managed to inch up marginally and it is close to crossing $65 per barrel anytime soon. The Indian markets reacted positively to the BJP win in Gujarat and Himachal

The Indian markets reacted positively to the BJP win in Gujarat and Himachal Pradesh. The BJP victory, which also gives an insight into the possible outcome of the polls in 2019, comes as an reaffirmation for the continuation of Modi’s policies, keeping the markets upbeat. Pradesh. The BJP victory, which also gives an insight into the possible outcome of the polls in 2019, comes as an reaffirmation for the continuation of Modi’s policies, keeping the markets upbeat. While the PSU banks, expecting a speedy recapitalisation, are likely to be in the limelight in the coming weeks, the finance ministry’s higher allocation of funds to the fertiliser sector has led to a surge in the fertiliser stocks on the bourses. Going forward, the markets are set to discount the budget developments DS in the coming weeks. Indices Dow Jones Ind

24,290.19

24,754.75

2,639.21

2,681.47

1.60

NASDAQ

6,775.37

6,480.67

-4.35 2.79

7,338.97

7,544.09 13,215.79

1.20

5,389.29

5,382.91

-0.12

Hang Seng

29,138.28

29,280.97

0.49

Nikkei

22,707.16

22,872.38

0.73

3,309.62

3,296.22

-0.40

CAC 40

Shanghai

The FIIs turned out to be net sellers in the past couple of weeks. FIIs sold to the tune of Rs 5888.77 crore and DIIs were net buyers to the tune of Rs 5073.41 crore. Globally, the markets witnessed mixed trend with Dow Jones Industrial Average gaining as much as 1.91 per cent and

Net Investment In Equity Markets (`/Cr)

Performance Of Indices

Sensex Nifty Mid-Cap Small-Cap Auto Bankex FMCG IT Metal Power Realty

10,265.46 10,697.17 13,611.15 2,255.25 2,378.01

Indices

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

19th Dec Gain/Loss 2017 (%) 33,836.74 3.15 10,463.20 3.41 17,356.19 3.24 18,527.85 3.40 26,742.51 7.96 29,055.49 2.10 10,650.28 10,855.76 14,333.19 2,297.17 2,411.24

1.91

13,058.55

DAX

5th Dec 2017 32,802.44 10,118.25 16,812.07 17,918.71 24,771.04 28,459.21

19th Dec Gain/Loss 2017 (%)

S&P 500 FTSE 100

by 5.30 per cent. FMCG index gained 3.75 per cent while Power index was up by 1.86 per cent. The IT index also joined the broader market rally and gained 1.48 per cent during the given period.

4th Dec 2017

3.75 1.48 5.30 1.86 1.40

Date

FIIs

05-Dec-2017 06-Dec-2017 07-Dec-2017 08-Dec-2017 11-Dec-2017 12-Dec-2017 13-Dec-2017 14-Dec-2017 15-Dec-2017 18-Dec-2017 19-Dec-2017 Total

-1470.56 -1217.92 -1075.62 -675.16 -185.6 843.2 -578.65 232.17 -921.03 -431.77 -407.83 -5888.77

DIIs 1074.39 995.11 926.68 1243 108.94 -853.67 -116.48 -374.21 635.44 1076.81 357.4 5073.41

DSIJ.in

Recommendations

Equity this is expected to drive its US business going forward. The company has also strengthened its workforce by adding more than 600 medical representatives.

J.B.Chemicals and Pharmaceuticals

PRESCRIPTION FOR HEALTHY GROWTH

On the financial front , the net sales of the company increased by 21.42 per cent to `349.93 crore in the second quarter of FY18, as against `288.19 crore in the same quarter of the previous year. The company’s PBT increased 10.33 per cent to `67.95 crore in the second quarter of FY18 on a yearly basis. The company’s net profit also increased 14.42 per cent to `51.72 crore in Q2 FY18 compared with the net profit of `45.2 crore in the Q2 of the previous year.

HERE IS WHY Robust financial performance Undertaking expansion activities Strong products portfolio

.B.Chemicals and Pharmaceuticals Ltd (JBCPL) is a pharmaceutical company manufacturing and marketing a range of specialty products, including various pharmaceutical dosage forms like tablets, injectables, creams and ointments, lozenges, herbal liquids and capsules. JBCPL exports to over 50 countries across the world and earns more than half of its revenue from its international business. The company has nine manufacturing facilities across Ankleshwar, Panoli and Daman and 27 distribution locations across the country. In FY17, the domestic formulations segment contributed 36 per cent, whereas formulation exports segment contributed 39 per cent to the total sales of the company. The company’s revenue grew at 12 per cent CAGR over FY13-17. This was driven mainly by strong performance of domestic formulation business. The domestic formulation sales rose on the back of healthy growth in focus products, including gastro and anti-hypertensive segment. The CMP Monthly Stock Market Returns (`)

Best of LAST ONE Year Reco Price (`)

CMP (`)

Gain (%)

Hi Tech Pipes

133.00

326.00

145.11

Elgi Equipments

177.00

308.00

74.01

Gillette India

4264.00

6848.00

60.60

Bajaj Holdings & Inve.

2064.00

2947.00

42.78

Sadbhav Infra. Project

111.00

145.75

31.31

Name of Company

(Closing price as of Dec 19, 2017)

company’s overall revenue is expected to grow further due to investment in products, marketing and brand building, and expectation of stabilisation of domestic currency against the US dollar. The company’s US sales grew considerably on the back of its enhanced focus on the US business. The company’s US sales contributes around 8 per cent to the total sales. The company has increased focus on ANDA filings and Shareholding Pattern September 2017

DSIJ.in

On the valuation front , the company has a PE ratio of 17.15x. The company is virtually debt-free with a debt-to-equity ratio of 0.04x. The company has been maintaining a healthy dividend payout of 36.42 per cent. The company’s return on equity (RoE) and return on capital employed (RoCE) stood at 10.45 per cent and 22.93 per cent, respectively. The company’s revenue is expected to increase on the back of expansion activities to cater to the domestic and export formulations segments. Also, the strengthening of the domestic currency against the US dollar in recent times will increase margins for the company. We recommend our reader-investors to BUY DS the stock.

Last Five Quarters - Standalone (`/Cr) Particulars

Sep '17 Jun '17 Mar '17 Dec '16 Sep '16

55.85

Total Income

349.93

283.84

306.26

271.85

301.49

FII

Other Income

6.96

9.27

12.76

9.16

14.65

DII

83.34

40.34

59.64

53.43

74.81

1.06

0.79

-0.24

2.43

2.03

Net Profit

51.72

20.37

42.15

35.76

45.2

Equity

16.96

Promoters

BSE Code: 506943 CMP: `243.45 FV: `2 BSE Volume: 47717 Date:20/12/2017

On an annual basis, the company’s net sales increased 11.55 per cent to `1368.32 crore in FY17 on a year-onyear basis. The company’s PBT increased 10.11 per cent to `229.94 crore in FY17, as against `208.82 crore in the previous fiscal. The net profit of the company increased 13.88 per cent to `184.4 crore in FY17 as compared with `161.92 crore in the previous fiscal.

Public Total

44.15 100

Operating Profit Interest

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Recommendations

Equity

Hindustan Copper Ltd.

MINING COPPER, SHINING GROWTH PROSPECTS

On the financial front, Hindustan Copper posted an increase of 187.27 per cent in its revenue to `519.33 crore in the second quarter of financial year 2018, as against `180.78 crore in the second quarter of the previous year. The PBIDT of the company increased by 651 per cent to `65.04 crore in the second quarter of FY18, as against `8.66 crore in the same quarter of the previous year. The net profit of the company increased by 319.35 per cent to `28.60 crore in the second quarter of FY18 as compared to `6.82 crore in the same quarter of the previous fiscal.

HERE IS WHY Capacity expansion plans Increase in demand for copper and nickel

Higher international copper prices

industan Copper Ltd. (HCL) is a Mini Ratna company with government holding of 76.05 per cent. It is the only integrated producer of refined copper in India with around five decades of experience in mining copper. The company owns all the operating mining leases of copper ore and has access to more than two-thirds of India's copper ore reserves. HCL's major activities include mining, smelting, ore beneficiation, refining and casting of refined copper metal into downstream products. HCL is in the process of raising mine capacity from the existing capacity of 3.2 MTPA to 12.4 MTPA in the next four years. The expansion would be done in its captive mines in Madhya Pradesh and Jharkhand. The company has already reopened the Kendadih mine in Jharkhand-the first of the two mothballed mines it is reviving-last week. The company is also planning to raise metal output to 1.2 lakh TPA from the current level of 35,000 TPA. The expansion would entail total investment outlay of `3,200 crore. CMP Monthly Stock Market Returns BSE Code: 523630 CMP: `91.55 FV: `5 BSE Volume: 630698 Date: 19/12/2017

(`)

PRICED SCRIP Best of LAST ONE Year Name of Company

Reco Price (`)

Himadri Speciality Chem. Gufic Biosciences

CMP (`)

Gain (%)

61.50

155.50

152.85

50.70

127.00

150.49

Purvankara

73.20

162.00

121.31

Universal Cables

88.85

189.00

112.72

Gujarat Ambuja Exports

92.25

187.50

103.25

(Closing price as of Dec 19, 2017)

The electrical and power sectors account for 35 per cent of the refined copper consumption, followed by 11 per cent by the transport (auto and railways) sector and 8 per cent each by construction and consumer durables industries. Due to improvement in growth rate of manufacturing, housing and infrastructure sectors, it is expected that copper consumption growth rate will also improve. The annual demand for pure nickel in India is around 45,000 tonnes. The domestic market is solely reliant on Shareholding Pattern September 2017 Promoters FII

DII

Public Total

76.05

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

23.95 100

imports. HCL has started the country's first facility to produce nickel with a capacity of 50 TPA. The nickel output is expected to increase nearly eight times after the completion of mine expansion projects located at Ghatsila in Jharkhand.

On the annual front, the revenue of the company increased by 13.32 per cent to `1,208.63 crore in FY17 as compared to `1,066.60 crore in the previous financial year. The PBIDT of the company increased by 15.84 per cent to `127.63 crore in FY17, as against `110.18 crore in FY16. The company ’s net profit increased by 63.73 per cent to `62.17 crore in FY17, as compared to `37.97 crore in the previous financial year. On the valuation front, the company recorded a TTM PE of 87.42x, whereas its peer Shirpur Gold Refinery posted a TTM PE of 209.35x. The company’s debt-to-equity ratio for FY17 stood at 0.32x. HCL has been maintaining a healthy dividend payout of 19.36 per cent. Considering the company’s massive expansion plans and upbeat long term outlook for copper prices in the international markets, we recommend our reader-investors to BUY the stock. DS

Last Five Quarters - Standalone (`/Cr) Particulars

Sep'17 June'17March'17 Dec'16

Sep'16

Total Income

519.33

406.08

571.76

222.22

180.78

Other Income

20.24

20.76

49.34

20.62

32.94

Operating Profit

85.28

53.79

112.29

68.73

41.6

4.66

3.21

2.19

5.3

1.28

28.55

10.21

40.71

16.87

6.77

462.61

Interest Net Profit Equity

DSIJ.in

Communication Feature

Muthoot Capital Services

We Are Adequately Positioned To Tap Growth Opportunities Thomas George Muthoot Managing Director Muthoot Capital Services

What is your growth outlook for the NBFC industry? Will 2018 see the industry grow by more than 20 per cent? NBFC industry is at the cusp of a major growth. After stupendous growth witnessed in the last few years, the industry currently has a share of about 13% of the total credit given in the market, which we expect to go to 18-20% in the next couple of years. The lack of appetite seen in the banks to lend due to the ongoing pressures of NPAs and low CRAR will prompt NBFCs to lend more and grow in the process. We will not be surprised if the CAGR over the next 2-3 years is more than 20%.

What is the growth forecast for the two-wheeler market? How well is your company positioned

to tap the growth in the twowheeler finance market?

The two-wheeler sales during last financial year was about 1.69 crore units, which is expected to grow at 12% plus CAGR and likely to be about 2.5 crore units per annum by FY2020. Of this, currently about 35% two-wheelers are financed through organised sector which is likely to be about 45% by FY2020. Hence, we see a huge headroom for us to grow.Besides, our penetration in newer markets through geographic expansion across the country, would help us gain significant position in this market. We are already entrenched in 16 states, adequately positioned to tap growth opportunity in these states. The flagship company of our Group, Muthoot Fincorp Limited (MFL),has about 3,500 branches across India, most of which also source two-wheeler loans.

The flagship company of our Group, Muthoot Fincorp Limited (MFL),has about 3,500 branches across India, most of which also source two-wheeler loans. With more than 40,000 customer walk-ins a day, we intend to double the sourcing that was done in the last financial year at the MFL branches and continue growing the numbers year-on-year. This will also substantially increase the volumes of our two-wheeler disbursements. DSIJ.in

With more than 40,000 customer walk-ins a day, we intend to double the sourcing that was done in the last financial year at the MFL branches and continue growing the numbers year-onyear. This will also substantially increase the volumes of our two-wheeler disbursements. As we foresee substantial growth for us, we have recently concluded a QIP whereby we have raised equity capital of `165 crore, which would provide fillip to huge growth that we have outlined over the next 2-3 years.

What are the key market winning capabilities for NexGen NBFC ? That is possibly all of something that we haveâ&#x20AC;&#x201D;agood and reputed brand,spread across the length and breadth of the entire country, extensive use of technologyfor sourcing, apprising and collection,and using all this for meeting the needs of the common man with various products at his doorstep. We possess all of these and that what makes us a NBFC with winning capabilities.

What is your view on interest rates in 2018? We expect the interest rates to remain stable in the near future or edge marginallylower.

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Recommendations

Equity

GOODRICKE GROUP

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

CMP - `457

BSE CODE 500166

Volume 18362

oodricke is the grower, manufacturer and seller of tea and instant tea across India and abroad. It currently produces 8 million kg tea per annum through its plants and also holds presence in packet tea market. In the premium tea category of Darjeeling packaged tea, Goodricke holds 54%-plus market share in Kolkata, the largest consumer of Darjeeling tea. The company’s high end domestic buyers include Airlines and the Indian Army. With a view to double its market share by penetrating further into Maharashtra, Bihar, UP and J&K through packet tea brand, the company recently acquired Godfrey’s packet tea business. Company has posted robust 31.8% and 147.8% revenue and PAT growth, respectively, in September 2017 as against Q2FY17. The company seems fairly valued in terms of its P/E trailing at 20x. We recommend Buy in the scrip with target and stop loss of `525 and `421, respectively.

Peak Likely After Gain Reco* (%)

Issue No 26 ,Nov 27 -Dec 10,2017 Tata Coffee

160.00

Exide Industries

202.00

183.00 216.00

14.38 6.93

Vol 33 Issue No 1 Dec 11 - 24, 2017 Mindtree

540.15

580.00

7.38

NMDC

132.00

136.00

3.03

*Highest price after our recommendations (Closing price as of Dec 20, 2017)

Scrip’s Movement

2017

Last Seven Days’ Volume Table (No. of Shares)

CUPID

Days

20-Dec-17 19-Dec-17 18-Dec-17 15-Dec-17 14-Dec-17 13-Dec-17 12-Dec-17

Volume

18362 32574 28139 26016 24479 16167 36638

CMP - `285 BSE CODE 530843

Volume 17358

Scrip’s Movement

2017

Hot Chips of Last One Month Reco. Price (`)

Face Value `10

Last Seven Days’ Volume Table (No. of Shares) Days

20-Dec-17 19-Dec-17 18-Dec-17 15-Dec-17 14-Dec-17 13-Dec-17 12-Dec-17

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

Volume

17358 27964 9223 2488 1820 3460 3629

Face Value `10

he maker of male and female rubber contraceptives earns its major revenue from exports (80.5% in FY17). Though the company has robust order visibility for FY18, it is expected to launch its products in other developing countries such as Brazil, Nigeria, Tanzania and Indonesia, which have substantial demand. The company has procured USFDA nod for female condoms for launch in developed countries like US. Apart from condoms, the company has plans to foray into the hand sanitisers, vaginal creams, ejaculation wipes and lubricant jellies. During November, the company received new order for supply of female condoms to Africa from the United National Population Fund and one more order from Central Medical Services Society for sale of male condoms, together contributing 30.7% of its FY17 revenue. Thereby, forecasting condom usage to increase to 44.7 billion pieces in 2021 from 26.5 billion in 2015, the company expects reasonable growth in coming fiscals. We recommend Buy in the scrip with target and stop loss of `317 DS and `265, respectively. DSIJ.in

Communication Feature

Sumeet Industries Ltd.

Growing Consistently And Profitably Shankarlal S. Somani Chairman, Sumeet Industries Ltd. and the full amount is to be paid on application. The total number of right equity shares to be issued are 2,48,74,173. The prevailing market rate of the share is around `30. The shares are listed on both NSE and BSE.

urat-based Sumeet Industries Ltd. is coming out with a rights issue aggregating up to `5969.80 lakh. The rights issue will open on December 27, 2017, and close on January 10, 2018. The rights entitlement ratio is fixed at 3:7. Thus, three rights equity shares will be issued for every seven equity shares held by the eligible shareholders of the company, whose names appear on the Registrar of Members or list of depositories as members of beneficial owners on the record date fixed as December 18, 2017. The company offers rights Issue at a price of `24 per equity share (including a premium of `14 per rights equity share)

DSIJ.in

Shankarlal Somani, Chairman of Sumeet Industries Ltd. stated that the company is engaged in the manufacture of pet-chips, POY, FDY, texturized and carpet yarn. The company has modified some of its existing production capacity of POY and FDY yarns for producing value-added yarns. During the last five years, the company has spent `500 crore on backward integration. For the six months ended on September 30, 2017, the total sales (consolidated) of the company stood at `588.66 crore and its net profit was `20.51 crore. The earning per share was `3.53 and the total equity capital of the company is `58.04 crore with reserves of `249.91 crore and market cap of around `188 crore.

The company has a track record of making continuous profit for the last 21 years. In 2006, the company had given bonus shares in the ratio 1:2 and in 2007, it had given bonus shares in the ratio 1:10. The company was formed in 1988 and became public limited in 1992. The company had started by setting up manufacturing of polypropylene multi-filament yarn with a capacity of 2,000 tonnes per annum. Today, it has integrated facility for producing polyester yarn with a capacity around 1,00,000 tonnes per annum. It has also set up synthetic yarn texturizing unit with a capacity of 5,400 tonnes per annum

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Equity

Technicals NIFTY Index Chart Analysis Markets at resistance-turned-support level

ujarat, and to some extent Himachal Pradesh, elections kept the Indian stock markets on the toes during the last 15 days of December 2017. Since the BJP win was a given, reinforced by the pre-polls and exit polls, the stock markets had initiated the election outcome rally on December 6 itself. However, the interest rate hike by the US maintaining its FY18 positive outlook and the RBIâ&#x20AC;&#x2122;s dovish stance ahead of rising inflation led to some correction in the markets, followed by yet another

rally. Markets witnessed a strong pullback due to the tough fight by the Congress in Gujarat. The BJP won in Gujarat, but it was a very marginal victory with just 99 seats and the Congress winning 77 seats, while in Himachal Pradesh, the tally was 44 and 21, respectively. Traders were stunned by the extreme volatility of 369 and 1206 points in Nifty and Sensex, respectively, on the day of election results. Many traders suffered huge losses on the

Roadmap for the next 15 trading sessions Ideas

Resistance for the medium term Support for the medium term

Nifty Levels

10490 10335-10235

Action to be Initiated

Probable Targets

Close above 10490 on the daily chart would give further momentum to the bulls.

10550-10650

Close below 10235 on the weekly chart would change the trend and trigger a retreat.

10000-9970

day with major stocks posting gap-down openings hitting the stop losses and recovering later sharply in the second half. On the technical grounds, Nifty has formed a channel pattern on the daily time frame, with prices moving at lower

and has succeeded in breaking its all-time high at 10490. Considering the near term outlook, Nifty had given an open-high at 10494 on December 20, depicting a provisional profit booking. Thereby, we hold 10395-10335, followed by 1028510235, as the major support areas if

tops and lower bottoms, since its all-time high at 10490 on November 6. Nifty gave a not-so-prominent breakout on December 15 at the 10320 level. On the day of election results, Nifty gave a gap-down opening of 70 points and entered the channel pattern yet again, but retested the breakout on the same day itself, breaking its previous major resistance at 10410 level. Thereafter, Nifty has maintained its northward momentum

profit-booking continues for some more period. Otherwise, 10490 is the resistance for now. If Nifty faces resistance at 10490 for the entire month, it would form a double top on monthly basis where 10000-9970 would act as trend reversal levels for the Nifty. However, breakout within the month would lead Nifty to newer highs, where we hold 10550-10650 as the next immediate resistances.

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

DSIJ.in

STOCK RECOMMENDATIONS

NFL LTD .................................. BUY ........................... CMP `67.40 BSE Code : 523630

Target 1 ..... `72.50 | Target 2 ..... `74.50 | Stoploss....`62.30(CLS) The stock of National Fertilizers is currently trading at `67.40. Its 52 week high/low stand at `89.50 /`33.20 which were made as on May 11, 2017 and December 26, 2016. Considering the monthly time frame, after a consistent rally of 203% from November 2016 to May 2017, the stock witnessed a correction of up to 50% retracement level of the rally and has been consolidating for three months thereafter. On the weekly time frame, the stock has bounced back after hitting a double bottom at `58.55-58.75 level. Considering the daily time frame, the stock has given a multiple resistance breakout at `66.50-67.50 levels, along with a downward sloping trendline breakout at `67.30 levels. The breakout is supported by rising volumes and 14-period RSI quoting at 67.50 suggesting momentum. Recently, the stock also broke out of the middle and upper Bollinger Bands at `59.30 and `66.70 levels, depicting a stronger move ahead. Thereby, we suggest a BUY in the stock.

JINDAL STEEL ........................... BUY .............................. CMP `186 BSE Code : 532286

Target 1 ..... `201 | Target 2 ..... `210 | Stoploss....`172 (CLS) The stock of Jindal Steel & Power is currently trading at `186. Its 52 week high and low stand at `186.20/ `64.95 made on December 20, 2017 and December 27, 2016, respectively, depicting consistent upside. Considering the daily time frame, after hitting a multiple resistance at around `177 level, the stock corrected up to its major support line at `157 level. Thereafter, the stock made a Doji on December 14 with a 14-period RSI positive crossover, the stock has rallied consecutively for four sessions till December 20, breaking its major resistance at `177. The stock also witnessed a breakout of 20-day and 50-day EMA levels on December 18. On the weekly time frame, the stock had given a multi-year rounding bottom breakout at `170 and witnessed a pullback. It has bounced back in the current week with higher volumes and RSI positive crossover at 62. Thereby, we suggest a BUY in the stock. DS

(Closing price as of Dec 20, 2017)

*LEGEND: n EMA - Exponential Moving Average. n MACD - Moving Average Convergence Divergence n RMI - Relative Momentum Index n ROC - Rate of Change n RSI - Relative Strength Index Disclaimer : Above recommendations are based on various technical parameters and any fundamental input has not been considered for the recommendations. Follow strict stop loss for the recommendation.

DSIJ.in

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Special Report

Focus On 52-Week High Stocks To Beat Markets Different investors adopt different strategies to beat the markets. Investing in equities using 52-week high and 52-week low data is one of the most popular methods for several investors. Tanal Loya unearth the secrets of 52-week high-low investing and come up with some profitable observation.

nyone who has traded in the market for long would know the importance of having an advantage in the market. Experts believe that one should not trade in the stock market unless one has an advantage. Such advantage could be in the form of access to private information not known to the public (known as insider information), or it could be an ownership of a unique strategy that beats the market consistently. While trading on the basis of insider information is illegal not only in India, but also around the world, having a market beating strategy evokes a never-ending discussion in academia and in the investing community. The best among investors in the world have applied their mind on working out a strategy that consistently beats the market over the long term and history suggests that very few have been able to do so. “Buying stocks that are near their 52-week highs” is one strategy that does not require tremendous amount of scanning of data or super intelligence or so-called insider information to beat the markets consistently. The best part of investing in 52-week high stocks is the easy availability of the data on 52-w high and 52-w low stocks.

“52-w high” and “52-w low” is one of the most widely used data by investors. The data on 52-w high and 52-w low is most consumed when it comes along with the P/E ratio of the stock. While there is no doubt that the 52-w high and 52-w low data is used by very many investors in their research for investment decision-making, the concern pertains to the interpretation of

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

the data and the wrong bias that an investor has towards the 52-w high and 52-w low data. Many investors perceive 52 w-high as resistance level and 52 -w low as support levels. Investors and traders commonly consider the 52-w high as a price level where profits need to be booked as it is perceived that the stock has run ahead of its valuations. Empirical evidence suggests that stocks hitting their fresh 52-w highs continue to show strong momentum and tend to outperform. There is enough evidence which highlights the outperformance of stocks that have hit 52-w highs when compared to those that are trading far below their 52-w high prices or are close to their 52-w lows. If we take a look at the BSE 500 stocks which hit their 52-w highs in the month of December 2016 and analyse their performance over the next one year, the results are an eyeopener. There were nearly 37 stocks that made their 52-w highs in December 2016, while there were as many as 27 companies that touched their 52-w lows in the same month. The performance of the 37 companies that touched 52-w highs is seen far more superior in the one year thereafter, than to that set of 27 companies which touched their 52-w lows in December 2016. Out of the total 37 companies which hit their respective 52-w highs, almost 16 companies managed to beat the BSE Sensex. That is, almost 43 per cent of the companies that touched their respective 52-w highs in December 2016 managed to beat the Sensex one year thereafter. Sensex has risen by nearly 28 per cent from December 2016 to December 2017. There were 9 companies that recorded negative returns in the one year after December 2016 even after touching their 52-w highs in December 2016. That means almost 24 per cent of the total companies that touched their respective 52-w highs managed to deliver negative returns. DSIJ.in

Now, let us have a look at the data pertaining to the stocks that traded near their 52-w lows in December 2016. Out of the total 27 stocks that touched their respective 52-w lows, we find that 8 stocks have given negative returns one year thereafter, which is almost 29 per cent of the total stocks that touched their respective 52-w lows. While the number of companies that beat the Sensex stood at 12 representing almost 44 per cent of the companies that touched their respective 52-w lows. The average outperformance remained much lower than compared to those stocks that traded near their respective 52-w highs.

The stocks near 52-w high – low : BSE 500 (December 2016) No of stocks Return range One year average returns Percentage of stocks with negative returns Percentage of stocks that outperformed Sensex No of stocks that more than doubled in one year *Data as on December 13

52-w high stocks 52-w low stocks 37 29 -9.38 to -68 per cent to 554 per cent 104.65 per cent 55 25 24.34

27.5

Investors while looking at easily available data of 52-w high have a tendency to overlook the valuations and focus only on the 52-w high data point. Investors forget that a stock trading at 52-w high need not necessarily be overvalued, as the stock may be cheap on P/E basis. A stock hitting a 52-w high thus become psychologically important for investors and there is a tendency to book profits when a stock is near its 52-w high. Says Ritesh Gujarathi, who believes in long term investing, “As a strategy, I used to regularly book out of the stocks when the stocks touched their respective 52-w highs only to see later the stock prices soar higher once I sold them”. If we extend our research to the small-cap stocks, we notice that the performance for the small-cap stocks that hit their 52-w highs in the month of December 2016 is better than for those stocks that hit their

52-w high is nothing but the highest price at which shares have traded in the past one year. This reference point numerically may not have any special value, but psychologically this data is extremely important and does impact the way investors look at the stock.

The stocks near 52-w high – low : Small-cap stocks (December 2016) No of stocks Return range One yr Average returns % of stocks with negative returns % of stocks that outperformed Sensex No of stocks that more than doubled in one year

52-w high stocks 67 - 51.8per cent to 554.74 per cent 55 25.37 52.23 12

52-w low stocks 44 -66 per cent to 263 per cent 42.43 20.45 61.36 8

A common misconception about 52-w high among investors is that 52-w high might not be a good time to buy because the stock is overvalued. In fact, few investors think if the stock is near its 52-w high, it is a signal that it is a good time to sell. 52-w lows not only on one-year basis, but also on 3-month, 6-month and 9-month basis. The stocks that are hitting 52-w highs in the period under consideration have outperformed BSE Sensex as well, as seen in the table below. For those small-cap stocks which hit their respective 52-w highs in the month of December 2016, the average returns in the next three months, six months, nine months and twelve months were 12.25 per cent, 17.97 per cent, 28.05 per cent and 56.77 per cent, respectively. This compares favourably with the data for those small-cap stocks that touched their respective 52-w lows in the month of December 2016. We evaluated the performance for three years in order to do away with the bias of including observations only for the year December 2016-December 2017, where the YTD performance of the market is extremely positive with Sensex delivering nearly 28 per cent returns. The data is quite conclusive and in favour of small-cap stocks that touched their 52-w highs when compared to those stocks which touched their 52-w lows in the same period. In other words, we can say that the expected performance in small-cap stocks that are near their 52-w highs can be much better than those stocks that are near to their 52-w lows.

Tejas Khoday, Co-Founder & CEO, FYERS In a bull market like this, it doesn’t make any sense to invest in stocks which are at their 52-week lows because there is a reason that despite all the optimism in the market, these stocks have fallen. Generally speaking, even mediocre stocks have gone up on the expectation of earnings improvement or on mere speculation that things will be better in the future. In such an environment, there have been many stocks which have failed to gather momentum due to their underlying problems in their businesses.

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DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Special Report 52 Week High Stocks Outperformance For Small-Cap Stock & BSE 500 Stocks

SMALL CAP

BSE 500

Stock returns since Dec-16 52 Week 52 Week Sensex BSE SmallCap High Low Returns Returns 3 Month 6 Month 9 Month 1 Year

19.91% 24.54% 32.65% 54.81%

7.93% 16.53% 19.41% 42.44%

11.24% 16.13% 17.49% 24.79%

19.82% 27.93% 33.77% 50.49%

Stock returns since Dec-16 52 Week 52 Week Sensex High Low Returns 3 Month 6 Month 9 Month 1 Year

Stock returns since Dec-15 52 Week 52 Week Sensex BSE SmallCap High Low Returns Returns 3 Month 6 Month 9 Month 1 Year

-11.06% 7.28% 27.68% 38.94%

-17.53% -4.56% 12.35% 12.31%

-2.97% 3.38% 6.69% 1.95%

-10.94% -0.30% 7.98% 1.77%

18.97% 24.13% 34.06% 55.59%

-1.52% -9.58% -13.20% 5.81%

1.67% 1.02% -4.89% -5.03%

-1.77% -0.11% -0.60% 6.76%

3 Month 6 Month 9 Month 1 Year

22.77 72.58 136.36 170.52

-1.68 44.97 61.72 82.32

5.74% 20.04% 25.79% 29.89%

7.95% 55.75% 63.05% 69.24%

3 Month 6 Month 9 Month 1 Year

-9.83 -3.37 -15.27 2.83

-20.08 -25.60 -31.74 -8.54

-3.04% -0.16% -0.24% 8.98%

-21.35% -23.53% -25.93% -11.23%

WHY 52-W HIGH STOCKS OUTPERFORM:-

While investors and traders have a tendency to book profits when a stock touches its 52 week high due to psychological reasons, we have seen that the strong momentum in the stock continues even if the traders are reluctant to bid the price of the stock higher. The fundamentals for the stock do get factored in and the positive information prevails and eventually pushes the stock price higher which results in continuation of the uptrend. It is also observed that when a stock manages to cross the 52-w high level, which acts a strong resistance zone due to mental barrier, the volume generally increases in the stock and the price moves upwards, reflecting the true fundamentals of the stock.

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

-7.31% 3.70% 15.82% 13.07%

-18.44% -6.93% 8.04% 5.46%

-2.97% 3.38% 6.69% 1.95%

14.69% 15.04% 14.56% 20.48%

-3.06% -10.14% -26.53% -12.39%

1.67% 1.02% -4.89% -5.03%

Stock returns since Dec-13 52 Week 52 Week Sensex High Low Returns 3 Month 6 Month 9 Month 1 Year

Stock returns since Dec-12 52 Week 52 Week Sensex BSE SmallCap High Low Returns Returns 3 Month 6 Month 9 Month 1 Year

11.24% 16.13% 17.49% 24.79%

Stock returns since Dec-14 52 Week 52 Week Sensex High Low Returns

Stock returns since Dec-13 52 Week 52 Week Sensex BSE SmallCap High Low Returns Returns 3 Month 6 Month 9 Month 1 Year

4.62% 6.37% 7.22% 23.08%

Stock returns since Dec-15 52 Week 52 Week Sensex High Low Returns

Stock returns since Dec-14 52 Week 52 Week Sensex BSE SmallCap High Low Returns Returns 3 Month 6 Month 9 Month 1 Year

12.25% 17.97% 28.05% 56.77%

18.71 55.04 99.73 136.16

-9.78 40.88 48.83 58.86

5.74% 20.04% 25.79% 29.89%

Stock returns since Dec-12 52 Week 52 Week Sensex High Low Returns 3 Month 6 Month 9 Month 1 Year

-3.95 8.19 1.87 23.41

-20.5775 -25.76875 -30.9825 -22.70125

-3.04% -0.16% -0.24% 8.98%

BSE 500 Returns 14.46% 19.41% 23.33% 31.27%

BSE 500 Returns -4.22% 3.72% 10.03% 3.78%

BSE 500 Returns 3.05% 1.70% -2.08% -0.82%

BSE 500 Returns 5.96% 25.08% 29.95% 36.96%

BSE 500 Returns -6.55% -5.51% -7.41% 3.25%

Another observation that an investor must make to support the investment decision-making is to see whether the other stocks in the same industry are touching their 52-week highs. In case it is seen that other stocks in the same industry are also making new 52-week highs, it does make the case for investing much stronger. A case in point is the manner in which stocks in paper , metal and realty industries behaved in the past one year. At times, the momentum in the individual stock's returns is driven by momentum in industry returns. There may be a positive development in the industry which is leading to improved fundamentals for all the companies in the industry, which is expected to translate into better earnings and profitability for most of the well- run companies in the industry. Such positive industry-wide trend is one of the most bullish indicator one can rely on for outperformance. DSIJ.in

Paper Stocks That Hit 52 Week High Company Mohit Paper Mills Perfectpac Shree Karthik Papers Shreyans Industries Star Paper Mills Average

3 6 9 Month Month Month 9.47 54.74 19.79 1.99 37.66 31.47 5.95 -7.49 55.38 26.11 64.63 51.38 -3.8 3.8 -0.23 7.944 30.668 31.558

1 Year 47.37 105.06 87.18 66.95 7.39 62.79

* 52 Week high made in December 2016

Metals Stocks That Hit 52 Week High Company Arcotech Bharat Wire Ropes Hindustan Zinc Ram Ratna Wires Shalimar Wires Industries Vedanta Average

3 Month 85.17 103.51 15.75 80.00 -27.54 16.95 45.64

6 Month -15.17 100.43 -13.37 84.81 31.08 1.92 31.62

9 Month 21.30 108.09 9.93 120.30 78.74 38.54 62.82

1 Year -34.10 138.02 7.99 164.96 155.23 26.44 76.42

* 52 Week high made in December 2016

CONCLUSION :- There is evidence of excess gain that investors can make by betting on stocks that are near their 52-w highs. While the excess gain can be attributed to the under-reaction by traders and

Realty Stocks That Hit 52 Week High Company Arihant Foundations & Housing Dilip Buildcon HB Estate Developers Martin Burn Maruti Infrastructure RPP Infra Projects Shervani Industrial Syndicate SRS Real Infrastructure Average

3 Month 2.88 29.03 5.78 -18.32 17.73 65.24 -10.71 11.41 12.88

6 Month 13.46 70.99 117.43 2.11 1.79 16.34 38.89 -46.48 26.82

9 Month -13.46 133.12 49.36 -2.74 6.57 46.39 61.46 -63.34 27.17

1 year -13.08 275.56 178.16 46.32 -9.16 49.52 216.82 -63.99 85.02

* 52 Week high made in December 2016

investors to the positive news affecting the stocks, it is also seen that the excess gains are prominent in the thinly traded scrips, i.e small caps. While investors may or may not prefer to trade based on 52-w high strategy, one thing is for sure that the 52-w high and 52-w low data cannot be ignored by investors and traders. The outperformance by those stocks that are near their 52-w highs warrants more attention from the investors on the data point. In the context of constructing a portfolio for the long term, it makes tremendous sense to give adequate weightage to those stocks that are near their respective 52-w highs. The beauty of including higher number of such stocks in the portfolio is the ready availability of the 52-w high â&#x20AC;&#x201C; low data which can be intelligently and timely used even by a retail investor. DS

DSIJ.in

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Equity

Analysis VRL Logistics

ON THE RIGHT PATH TO DELIVER GROWTH

RL Logistics, founded in 1976, is a surface logistics and parcel delivery company. The company offers various goods transportation services, including general parcel and VRL priority, courier, less than truck load, and full truckload services through its transportation network in 28 states and 4 Union territories. Currently, VRL is the largest fleet owner of commercial vehicles in India with a fleet of 4360 vehicles (Including 419 passenger transport vehicles & 3941 goods transport vehicles, among others). VRL has a strong presence in southern and western markets which also accounts for about 80 per cent of the company’s revenue. BUSINESS SEGMENTS: Logistics: This segment includes general parcel and priority services, courier service and full truck load services. Due to growth in realisation per tonne through the freight volume, the segment recorded a growth of over 5% from

`1,357.94 crore to `1,426.15 crore in

FY2016-17.

Travel: The company has a considerable presence in the Indian passenger travel industry among private sector players. The company’s revenue in the segment grew 2.7 per cent from `317.60 crore to `326.20 crore in FY17. INDUSTRY OVERVIEW Lately, the logistics infrastructure has gained a lot of attention both from business industry as well as policy makers since inadequacy in logistics infrastructure creates bottlenecks in the growth of any economy. It is estimated that the Indian logistics industry will continue to show robust growth of 10 to 15 per cent annually, leading the pace of growth of the economy at large. There exist several challenges and opportunities for logistics sector in the Indian economy. The challenges faced by the industry include insufficient integration of transport networks, information technology and warehousing and distribution facilities.

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

The logistics firms are moving from a traditional setup to the integration of IT and technology into their operations to reduce the costs incurred as well as to meet the service demands. The growth of the Indian logistics sector depends upon its soft infrastructure like education, training and policy framework as much as the hard infrastructure. The government’s initiatives such as investments on highway and infrastructure, dedicated freight corridor, Goods and Services Tax and Make in India will give a fresh impetus to India’s growth engine, particularly in the corporate and SME sector which in turn will expand demand for the logistics sector. The industry has moved from being just a service provider to a position where it provides end-toend supply chain solutions to their customers. Thus, all this has paved the way for further growth of logistics and warehousing industry in the coming years. IMPACT OF GST The implementation of GST was a major boost for the logistics business. There will now be a free movement of goods across different states, which will, in turn, ensure a major shift and consolidation in warehousing locations, transportation costs and will also impact the trends of certain commercial vehicle classes. It is expected that there would be a noticeable change in the operating model of surface transporters in the country.

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The companies, which were earlier forced to set up many small warehouses across multiple cities, can set up just a few big warehouses region-wise and can follow the hub-and-spoke model for freight movement from the warehouses to different manufacturing plants and wholesale and retail outlets. Also, GST will gradually shift customers from the unorganised sector to the organised service providers. VRL will benefit from GST as it is market leader in organised service providers. SHARE BUYBACK PROPOSAL VRL recently announced a proposal to buy-back the fully paid-up equity shares for an aggregate amount not exceeding `414 million at a maximum price of `460 per share. This would constitute nearly nine lakh equity shares, or 0.99 per cent of the total number of paid-up equity shares of the company.

spiked up again and are now hovering over $60/barrel, higher by almost 17 per cent since April this year. The last time India's crude oil basket was above 60-dollars-a-barrel was in December 2014. However, VRL has tie-up with Indian Oil Corporation for supply and purchase of fuel at a lower cost as compared to the market. Besides, the company has its own two petrol pumps located at Chitradurga and Varur in Karnataka. This not only helps in lowering the cost of fuel for the company but also in maintaining the quality of fuel used in the vehicles. VRL has also established a body-building plant for trucks, which focuses to keep the overall weight of the truck less, resulting in fuel saving or higher material load. The company source original parts directly from the manufacturer or the supplier, which helps its trucks to run uninterruptedly and reduce the overall cost of parts. FINANCIALS On a quarterly basis, the net income of the company increased 1.12 per cent to `451.93 crore in the second quarter of FY18, as against `446.91 crore in the same quarter last year. The company’s PBT increased 42.14 per cent to `31 crore in the second quarter of FY18 on a yearly basis. The company’s net profit also increased 55.73 per cent to `21.6 crore in Q2 FY18, as against a net profit of `13.87 crore in the Q2 of the previous year.

IMPROVEMENT IN TRUCK TURNAROUND TIME Post removal of the inter-state checkposts, the company has experienced lower turnaround time and improvement in utility of trucks. However, there is further room for improvement to lower the turnaround time for trucks, which would aid the margins of the company going forward. Improvement in turnaround time and with improved utilisation of its current fleet, the capex requirement of the company in the trucking segment is expected to come down.

The company incurred a one-time expense (as penalty) of `45 million in the quarter for its dealing with unregistered GST traders during the quarter. The government has started waiving these penalties since October, 2017.

IMPACT OF FUEL PRICES Crude oil prices, which had declined in the first quarter of FY18, have now

Peer Comparison Stocks

M Cap

Aegis Logistics Ltd.

8520.34

54.07

Jet Airways Ltd.

7833.68

27.75

Allcargo Logistics Ltd.

4454.46

18.94

VRL Logistics Ltd.

3815.8

TCI Express

2086.54

DSIJ.in

P/E

P/B

1 Year Returns

3 Year Returns

5 Year Returns

Dividend Yield (%)

87.15

498.6

1335.54

-1.63

93.54

72.71

11.71

2.46

5.47

18.98

189.55

1.1

44.63

7.08

58.74

0.96

43.98

13.04

55.46

0.29

0.4

VRL Logistics Ltd. BSE Code : 539118 Particulars

CMP : 421.80 Amonut (Rs. Crore)

Net Sales % Change Operating Profit % Change Net Profit % Change Equity EPS (Rs.) FV (Rs.) P/E (x) Dividend Yield (%) Book Value (Rs) (Trailing Four Quarter Data)

1834.96 4.77% 242.20 0.30% 85.47 9.28% 91.24 9.36 10.00 45.06 0.95 64.43

On an annual basis, the company’s net income increased 5.66 per cent to `1803.09 crore in FY17 on a year-on-year basis. The company’s PBT decreased 31.62 per cent to `105.3 crore in FY17, as against `153.99 crore in the previous fiscal. The net profit of the company decreased 31.12 per cent to `70.47 crore in FY17, as against `102.31 crore in the previous fiscal. VALUATIONS On the valuation front, the company maintained a PE ratio of 44.11x. The company’s return on equity (RoE) and return on capital employed (RoCE) stood at 13.45 per cent and 17.12 per cent, respectively. The company has a debt-to-equity ratio of 0.34. The company has also been maintaining a healthy dividend payout of 43.75 per cent. However, the company has delivered a nominal growth of 9.79 per cent over the past five years. CONCLUSION VRL is well-placed in the Indian logistics sector with an established brand name in goods transportation network across the country. We expect VRL Logistics to grow in the long term on the back of effective internal control systems, improving consumer demand, implementation of GST and strong credible history of the company. We recommend our readerDS investors to HOLD the stock for now.

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Expert Speak Personal Finance A Balanced Portfolio Is Like A Balanced Diet! detrimental to your ability to create wealth in the long run.

choose the right combination based on your time horizon and risk profile.

Starters- Starters are served in small portions like “amuse bouche”, but they set the tone for the food to come. Similarly, when you start investing early, it is usually done with smaller sums of monies and that sets the tone for your

Desserts-You usually finish your meal with desserts. While desserts can be exotic and tempting, you must have them in a moderate proportion, else they can be harmful. In any case, if you suffer from diabetes you must not have them at

Hemant Rustagi Chief Executive Officer, Wiseinvest Advisors

t is important to have a balanced diet to remain healthy. Similarly, investing our hard-earned money requires us to adopt a balanced approach involving a goal-based investment strategy and following an asset allocation process. In other words, while eating healthy food ensures good physical health, investing wisely goes a long way in ensuring good financial health. In fact, different food items provide some interesting investment lessons for investors. To understand more about these lessons, let’s take “Thali” as an example as it is made up of different dishes. Initial servings- A traditional thali meal begins with papad, raita, aachar and these are supposed to be eaten at different stages of our meal. If you get impatient and eat them in large quantities, it would usually result in not having enough appetite for main course and that would mean missing out on some of the delicacies. Similarly, while investing, don’t spend too much time and efforts on investment options straightaway without ascertaining which asset class to invest as it could either make your portfolio very aggressive or very conservative. Both these can be

future wealth creation process. By starting to invest early, not only you benefit from the power of compounding, but you also understand the nuances of investing in different asset classes as well as implications of different strategies and prepare yourself for investing serious money at a later stage. Main course-The main course is the most filling and important part of the meal. Main course usually consists of variety of vegetables, dal, chapati and rice. While all these are important ingredients of a meal, you must eat them in the right quantity to make it a balanced diet. By eating too much of any of these dishes, irrespective of how much you may like it, you may miss out on nutrients in other foods. imilarly, a particular dish or two in thali may not be suitable for your health. In that case, either you should eat them in a restricted manner or avoid them altogether. This is akin to asset allocation, i.e. investing in different asset classes which is the main course of our investment process. An asset allocation process ensures that different asset classes are included in the portfolio in the right proportion. The right way to do so is to

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

all! Similarly, while investing, you may feel compelled to invest in certain exotic products like sector and thematic funds as they perform very well during certain time periods. While those investors who have the risk appetite to withstand the attendant risks can invest in them in a small portion to improve their portfolio returns, risk-averse investors should stay away from them as they can take them beyond their risk-taking capacity. Look beyond your favourite Thali- While you may develop a liking for a particular type of food,say,North Indian, Gujarati Thali or South Indian Thali, it is important to try different varieties to develop taste for different cuisines and enjoy the food much more. Similarly, while investing your hard-earned money, you must look beyond traditional options and include market-linked products offered by mutual funds in your portfolio. Remember, mutual funds offer a variety of products that allow you to invest in not only different asset classes, but also products where fund managers follow different investment strategies to make them suitable for different time horizons. If you choose funds well, you can improve the chances of earning higher returns without taking any unnecessary risks. DSIJ.in

Tax Column The stamp duty valuation is very relevant, both for the seller as well as buyer of immovable property under the Income Tax Act.

Jayesh Dadia, Chartered Accountant I am an individual aged 55 years. I lost my wife 10 years back. I am now planning to restart my life and going to be married again. I am going to receive substantial gifts on the occasion of my marriage from friends and business associates. Please let me know the tax implications in my hand on receipt of money or property on the occasion of my marriage. Gift received in the form of money or any property on the occasion of your marriage is not taxable in your hand. Gift tax has been abolished in India and, therefore, no tax is levied in the hands of giver of the gift, i.e. your friends and business associates. At the same time, under section 56(2)(x) of the Income Tax Act, any sum or any property received without any consideration on the occasion of marriage of individuals is also exempted from income tax. However, you have to establish two things; first, that you have received money or property on the occasion of your marriage and,second,the identity and capability of the giver. Hence, there is no tax implications in your hand. What is the meaning of “stamp duty valuation” under provisions of the Income Tax Act and why is it relevant while computing capital gain in the case of transfer of land or building or both ? The Explanation to Clause (vii) of Section 56(2),states that ‘stamp duty valuation’ means “the value adopted or assessed or assessable by any authority of the Central government or a state government for the purpose of payment of stamp duty in respect of an immovable property”.

It is relevant for computing the long term capital gain (LTCG) under Section 48 and also as ‘Income From Other Sources’ under section 56(2)(x) of the Income Tax Act. As per section 50C, while computing the capital gain arising on transfer of land or building or both, if the actual sale consideration of such land and/or building is less than the stamp duty valuation, then the stamp duty valuation will be taken as full value of consideration, i.e. as deemed selling price and capital gain will be computed accordingly. For example, MrA sells his flat for Rs 1 crore and stamp duty value of the flat is Rs1.20 crore at which price the stamp duty would be paid. In such a situation, while computing taxable capital gain of flat,Rs1.20 crore will be taken as full value of consideration, although the actual sale consideration is only Rs 1 crore. If the actual sale consideration is more than the stamp duty valuation, then the stamp duty valuation need to be ignored. Under Section 56(2)(x) of the Income Tax Act, if Mr A purchased the flat for Rs1 crore, of whichthe stamp duty valuation is Rs1.20 crore, then the stamp duty value of Rs1.20 crore would be his deemed purchase price. Rs20 lakh will be taxed in the hands of Mr A as ‘Income from Other Sources’ under Section 56(2)(x). Therefore, the stamp duty valuation is very relevant, both for the seller as well as buyer of immovable property under the Income Tax Act. I am an individual owning three residential properties in Mumbai. All the three properties are used by me as my residence. All the three properties are located at different locations. What will be the tax implication if a person occupies more than one property for his residence? Under the provision of the Income Tax Act, self-occupied property benefit is available only in respect of one property to the owner as his residence. If the person occupies more than one property

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

for his residence, then the self-occupied property benefit will be granted only in respect of one property as selected by him and other property/properties will be treated as deemed to be let out. So you can select one property as your self-occupied property. The other two properties will be considered as let out properties. You have to pay the taxes on reasonable expected rent which is to be determined in case of let out properties. The reasonable expected rent will be higher of the municipal value of the property or fair rent of the property. When does one has to pay tax on his income under the Income Tax Act ? Answer Generally, the tax on income becomes payable only on completion of the financial year, known as the ‘previous year’ under the Income Tax Act. The financial year in India is April to March. There are various provisions in the Income Tax Act for payment of taxes such as Advance Tax, Tax Deducted at Source (TDS), Tax Collected at Source (TCS), Self AssessmentTax, Regular Tax, etc. If someone’s income exceeds certain taxable limits, then the taxis to be paid in four instalments as Advance Tax within the financial year itself. The tax may also be collected during the previous year itself through TDS and TCS mode. For example, if income consists of salary, professional fees, commission etc., then TDS will be deducted by the payee of the income. At the time of filing the income tax return, if an assesseefinds that he has some balance tax to be paid after taking into account the credit of Advance Tax, TDS and TCS, then the shortfall is to be deposited as Self AssessmentTax. Any tax determined on the basis of final assessment order after taking into consideration the taxes paid, then the payment of any tax, after the assessment order, is known as Regular Tax. There are various provisions in the Income Tax Act relating to interest and penalties for non-payment of taxes, as DS mentioned above. DSIJ.in

Updated Information

Key To

Subscribers can access the complete databank consisting of more than 3500 companies on our website www.DSIJ.in

Databank Updated Information

43.6 1709 5291.0 551.6 1709H 11043.9 - 1709 5626.6 49.6 1709H 11275.5 - 1709 1814.3 105.3 1709H 3683.8

Trailing P/E Ratio

Inst. Stake (%)

Sales Growth (%)

-7 34.69 42 65.36

0 46.15 300.0 0 24.81 93.1

54483 15029

242.70 77.75

31 279/148 72770 36.2 98/55 12792 19.4

5 29 6

245.4 26.8 23.0

224 43.86 1594 25.80 98 61.00

0 30.15 0 0.00 0 1.76

27.4 5.1 27.2

11790 694 1167

2596.00 2168.60 302.20

59 3000/441 11755 32.3 2169/595 719 15.6 302/76 1215 48.7

26 423.40 512/390 872 21.5 3205.30 3372/2555 92457 24.7 3502.00 4200/2957 69922 20.5 2867.70 3442/1500 3250 53.5 759.10 770/346 37140 59.9

Entprise Value (` Cr)

682.4 363.6

52-Week High/Low

21 24

(15/12/17)

24 1346/814 41339 19.0 727/332 13668 28.3 155/56 9342 16.9

Pledged (%)

1133.85 702.70 142.05

Prom. Stake (%)

43575 7982 8515

NP Growth (%)

86 77.91 0 16.25 56.9 -51 50.99 0 16.80 99.6 35 60.25 40 11.80 141.0

NP (` Cr)

26 1362.7 7 103.1 26 280.5

0.5 0.0

43.0 9.00 48.8 30.00 3.0 1.00

0.0 0.4 0.5

34.1 1709 17.9 1709 9.3 1709

1703 1703 1703 1703 1703

399 62861 7813 11.0 82 475 37.3 17.0 4.25 289.4 589 21767 3827.6 132.3 55.00 39.9* 506 28475 3377.1 169.1 85.00 11.4 284 8 12.6 11.0 30.00 47.5 51 12135 558.1 11.7 2.50

0.0 0.0 0.0 0.0 0.5

20.7 22.5 33.4 3.9 23.2

1709 159.8 17.0 1709H 276.4 1709 6566.4 1111.9 1709H 12022.3 1709 8362.0 1010.5 1709H 16333.6 1709 3.5 58.0 1709H 6.1 1709 4052.4 213.2 1709H 7451.9

17 24.8 2 2035.8 7 1924.5 163 59.0 18 342.6

32 -3 2 475 15

52.69 49.30 34.63 50.99 57.39

0 0 0 0 0

16.91 19.4 26.03 79.4 53.72 98.3 8.59 12.4 31.53 108.5

929 92751 69937 3277 36064

1703 1703 1703 1703 1703 1703 1703 1703 1703 1703 1703 1703 1703 1703 1703 1703 1703

1300 17.1 49.7 6.4 15.1 14.3 6.3 30.5 140.7 85.0 55.6 13.2 14.4 21.5 7.8* 27.7 7.4* 11.3

0.0 0.9 0.0 0.0 0.0 0.8 0.0 0.1 0.0 0.2 0.4 0.0 0.3 0.1 0.6 0.0 0.0

18.4 10.7 12.9 20.4 19.6 19.8 14.2 14.0 12.8 7.8 18.1 10.0 27.9 4.8 4.1 11.2

1709 1706 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

10 227.1 -23 -889.6 16 13.6 24 33.3 5 57.6 23 14.6 6 656.0 11 141.0 14 324.5 -1 45.3 15 24.7 17 47.0 11 21.7 22 9.5 8 18.4 -8 7.2 23 24.5

-15 -178 19 60 -12 181 -39 16 -14 22 -3 15 42 18 24 -69 45

52.06 52.39 53.50 71.03 67.88 74.38 70.48 82.50 45.99 74.98 63.58 53.99 70.65 66.35 56.35 74.97 66.38

0 0 0 0 0 0 0 0 0 0 0 0 4 0 0 0 0

29.82 63.0 7.52 88.8 1.19 11.7 13.86 15.6 4.77 25.0 0.13 20.2 20.07 57.5 14.44 41.3 32.09 117.8 13.84 18.4 22.41 15.0 14.71 66.1 11.58 15.2 8.72 7.0 26.50 32.2 0.03 17.1 2.00 9.6

45 13319 779.75 955/665 13217 30.4 633 25.50 44/21 3382 818 1273.35 1350/546 818 35.4 2136 1413.15 1599/582 2100 34.9 1775 248.20 264/168 1743 17.8 732 233.20 264/50 781 33.9 60340 19770.10 25245/18602 58622 45.9 17837 1268.05 1338/535 17996 74.1 17395 204.65 250/170 17546 27.1 2763 496.70 651/460 2851 34.5 1303 989.85 1229/821 1463 40.7 2741 190.80 223/103 2696 31.2 834 388.65 421/175 861 23.2 728 937.05 1054/620 735 27.3 1867 67.35 73/35 2300 48.7 671 454.05XB 803/450 670 25.2 1210 1069.40 1425/472 1206 30.2

51 4023 9.1 126 2654 3.2 273 1047 38.6 32 322

223 195.3 15.6 11.6

78319 4784 152 5317 478.5 28.0 4.25 124 1950 -1624.0 -65.4 306 467 21.0 32.7 17.50 249 1147 48.6 32.1 8.00 74 517 107.2 15.0 5.00 20 825 12.2 3.9 0.90 2883 10435 1741.1 570.5 165.00 111 3866 221.5 15.7 2.50 58 7628 693.6 8.2 2.40 101 1302 72.0 12.9 322 1017 32.9 25.0 8.00 31 1529 81.6 5.7 1.30 138 513 29.6 13.8 116 348 25.2 32.4 5.00 27 1407 35.6 1.3 0.25 415 166 24.9 16.8 0.13 255 350 32.4 28.6 10.00

3.3 1709 10308.2 392.9 1709H 20078.3 6.5 1709 2454.8 234.6 1709H 4366.3

MARKET RELATED DATA

1.10 2.80

1703 1703 1703

6.9 3.5

RONW (%)

DERatio

Div (`)

43.2 34.00 0.6 34.4 - -2.4 7.2 - -1.7

SHAREHOLDINGS

YEAR TO DATE

Market Cap (` Cr)

1191 44480 2225 1703 224.5* 211 36937 1556.9 1703 966.5 53 7543 668.5

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

1101 46470 2489 1703 384.3* 99 18581 1659.2 1703 113.6 -270 21552 390.4 1703 599.5 -10 6191 430.7

LATEST QTR.

No. of Shareholder (in’ 000)

1 AIRLINES IND. COMPOSITE InterGlobe Aviation 10 Jet Airways 10 Spicejet Ltd. 10 2 ALUMINIUM IND. COMPOSITE Hindalco Indus. 1 National Alumini 5 4 AQUACULTURE IND. COMPOSITE Avanti Feeds Lim 2 KSE 10 *Waterbase Ltd. 10 5 AUTO - 2 & 3 WHEELERS IND. COMPOSITE *Atul Auto Ltd 5 Bajaj Auto Ltd. 10 Hero MotoCorp 2 Maha. Scooters 10 TVS Motor Co. Ltd. 1 6 AUTO - ANCILLARIES IND. COMPOSITE Amara Raja Batt. 1 Amtek Auto Ltd. 2 AutoCorpn of Goa 10 Automotive Axles 10 Banco Products 2 Bharat Seats 2 *Bosch Ltd. 10 Endurance Technologi 10 Exide Inds. 1 *Federal-Mogul Goetze 10 FIEM Industries 10 Gabriel India 1 GNA Axles 10 Harita Seating Syst. 10 HBL Power Systems Lt 1 Hind. Composites 5 India Nippon Ele 10

Year / Months

Company Name

Face Value

AUDITED ANNUAL

Data powered by: Dion Global Solutions Ltd., Bangalore. Tel:080 - 40467500. For more details visit www.dionglobal.com

Sales (` Cr)

    

Year / Months

 

NoShold: Indicates the Number of Share Holders of the company. (In Thousands) Market Cap: Current market price multiply no.of equity shares. Price: Current Market Price. 52 Week H/L: High/Low range is taken for the market prices during the 52 week H/L. Enterprise Value : Current Market Cap Plus Debt Minus Cash and Bank Balances. Trail.P/E Ratio: Current market price to Trailing 12 months EPS. Ticker: BSE Scrip Code U: Unaudited. Companies with an (“) following their equity capital have increased their capital after the last financial year.  Companies with an (*) Before the name of the Company, indicates new addition/ updation/correction made during the fortnight.  CB: Cum-Bonus XB: Ex-Bonus.  EX: Ex-Rights wherever the price is indicated a Ex-bonus or Ex-rights, the corresponding figures for equity. Reserves, Book value and EPS are adjusted as per the bonus or the Rights ratio. Notes: (A) The Profit figure reflects the performance of the current year. We have made the necessary adjustments for the prior year’s entries in P/L .A/c to reflect the true performance of the current year. Thus our figures may not be comparable with those published elsewhere unless they represent the same thing. (B) Source of information is Company press releases and Annual Reports.         

NP (` Cr)

 

Sales (` Cr)

    

Face Value: Actual cost of the stock assigned by the security issuer and shown in the certificate. Year: First two digits shows Year while last two digits show month of calender, eg. 1103 shows March’2011 results. CEqt.: Current paid up capital of the company. B.V: Book Value Per Share: Equity capital plus reserves to the number of equity shares. Sales: Sales figures includes Excise duty. NP: Net Profit : Profit after tax but before investment allowance reserves. EPS: Earnings Per Share: Ratio of net profit less preference dividend to the number of equity shares (Annualised). Div (Rs.): Indicates the dividend per share. D/E Ratio : A measure of a company’s financial leverage calculated by dividing its total Debt by stockholders’ equity. RONW (%): Net Profit Divided by Total NetWorth. Latest Quarter: Indicates the recent quarterly filing of the company with the stock exchange. YearToDate : Latest Results (qtr,half or Nine) of the company. Sales Growth % : Indicates the % growth of sales on year-on-year basis. NP Growth % : Indicates the % growth of Net profit (NP) on year-on-yearbasis. Promoter Holding: Indicates the % of equity holding with the promoters of the company. Promoters pledged shares % :Indicates the % of shares Pledged by promoters. Institutional Holding: Indicates the % of equity holdings in the company held by Financial Institutions, Banks,Insurance companies,MF’s and FIIs.

Latest Qtr. Year

 

Updated as on Dec 15, 2017

CMP (`)

Databank

654.5 103.0 1709H 1536.8 363.6 17.5 1709H 642.4 96.7 9.5 1709H 228.5

1427.5 424.6 142.1 349.6 153.8 259.1 2811.8 1176.0 2371.3 329.4 326.5 471.7 153.5 110.9 442.1 45.7 117.6

127.2 -889.6 7.7 20.4 35.8 10.2 353.3 73.1 135.5 22.8 14.3 26.6 10.7 5.6 10.9 3.6 11.2

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

1709H 1706Q 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

2924.9 424.6 260.8 642.4 289.2 492.1 5460.2 2252.0 4474.2 658.8 617.3 890.6 298.6 202.0 764.5 87.7 221.4

DSIJ.in

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

(15/12/17)

CMP (`)

74.99 0 0.00 6.6 47.88 9 10.28 33.7 58.56 0 2.55 16.8 61.95 0 0.61 18.0 47.65 0 14.55 16.8 55.64 0 21.43 8.2 73.53 0 2.31 17.5 70.20 0 7.55 16.6 70.94 0 15.10 20.6 63.10 5 27.33 121.8 74.80 0 0.12 24.6 65.01 0 2.07 15.6 63.87 0 14.46 41.0 37.26 0 3.27 42.1 61.78 0 0.06 8.1 66.49 0 9.93 9.1 50.10 0 9.58 53.1 63.53 56 0.20 21.4 70.12 0 6.25 15.5 74.69 0 0.63 5.6 74.79 0 0.08 19.3 - 0 0.00 77.39 0 0.77 50.8 56.75 25 2.54 13.3 40.00 0 6.79 51.5 74.99 0 15.71 16.2 49.53 0 22.95 49.5 44.47 0 14.42 44.6 55.29 0 0.12 5.4 74.99 0 11.44 27.5 74.99 0 8.39 6.9 73.65 16 0.82 11.4

Market Cap (` Cr)

Prom. Stake (%)

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

NP Growth (%) 22 -1 31 -30 12 168 28 39 19 35 24 16 -41 -62 20 -18 -13 -61 5 59 215 6 37 5 623 -330 18 38 32 9 42 -13

Pledged (%)

NP (` Cr)

Sales Growth (%)

Sales (` Cr)

Year / Months

5.3 47.3 26.7 16.3 34.5 15.7 27.5 37.2 66.4 462.7 20.3 37.6 18.6 12.1 11.1 16.7 23.9 1.9 12.2 39.0 6.6 63.4 12.6 34.6 25.6 -44.3 180.6 48.7 16.3 131.8 39.4 19.6

5.1 30.8 17.7 16.9 13.5 3.6 18.7 13.4 18.1 32.9 12.7 11.1 11.0 5.5 11.2 20.8 8.5 8.0 7.3 19.8 14.6 7.9 13.1 4.0 17.3 24.0 16.8 9.5 16.9 12.9 13.7

462 111820 11293 310.5 414 43785 3955.7 63.7 13.00 151.0 1197 68035 7337.7 242.9 75.00

0.1 0.0

15.4 1709 12182.1 1331.6 1709H 23796.4 20.3 1709 21768.2 2484.3 1709H 39313.9

10 2081.0 20 4040.7

1027 75859 546 292.7* 21 20019 1223.1 4.2 1.56 27.2 1441 7038 1560.0 573.1 100.00 13.2 1264 3069 179.9 136.5 10.00 14.5 278 1369 62.8 43.4 679.2* 61 44364 -2480.0 -7.3 0.18

0.2 0.0 0.1 0.1 0.9

19.9 39.8 10.8 15.6 -

16 445.5 25 980.8 2 71.7 -29 3.4 11 -762.4

-24 34 -30 -93 -26

1335 4798 -7 122.6 162 4093 160.4 1204.1 2 10 -239.5 8.6 566 695 71.8

13.1 1.50 -2.0 83.1 15.00

0.1 1.7 0.0

8.1 1709 1211.7 - 1709 2.3 14.7 1709 175.5

77.6 1709H 2354.0 0.6 1709H 3.3 18.7 1709H 356.7

14 -77 1

140.2 -1.5 46.9

79 42.97 98 93.68 25 53.98

0 21.08 104.0 0 0.00 19.8 0 16.87 14.3

8525 4726 2084

4 695.45 788/278 8511 38.3 39.25 49/31 4929 2412.30 2487/1670 2048 26.8

587 51.0 5.3 1.40 194.5 117.0 12.00 243.9 47.5 15.00 97.2 14.3 1.00

0.8 0.0 0.0 0.0

15.2 13.4 13.5 15.7

1709 1709 1709 1709

21.1 58.6 74.0 37.3

1709H 387.4 1709N 1412.6 1709H 1346.3 1709H 610.0

9 5 3 8

33.8 170.1 138.2 59.2

11 23 15 2

54.22 51.32 52.32 75.00

9 0 0 0

34.54 31.98 33.75 12.06

13.6 12.8 24.5 51.0

1528 8622 8639 5965

41 157.60 165/103 1759 28.1 5188.40 5312/3780 7981 38.1 1682.75 1780/1215 8081 33.0 877.25 922/563 5955 60.8

19840 375 829 701 1680 4734 8548 2972

815 43.9 32.1 72.6 80.6 229.3 169.9 186.7

30.0 34.2 6.3 6.0 8.7 11.7 10.2

3.00 0.50 0.80 1.15 -

0.0 0.1 0.0 0.6 0.2 1.9 0.5

20.0 11.3 6.3 7.8 9.8 8.8 8.7

1709 101.3 15.7 1709H 195.8 1709 446.2 11.5 1709H 782.6 1709 125.8 8.9 1709H 420.6 1709 448.2 28.6 1709H 859.5 1709 1276.4 93.8 1709H 2950.7 1709 1951.3 153.1 1709H 3733.1 1709 668.7 50.1 1709N 2732.5

11 60 27 -2 13 -9 0

25.9 18.8 44.9 54.3 255.7 216.0 304.7

9 6 32 23 47 71 19

74.43 0 1.33 65.00 0 1.38 44.13 0 51.07 40.42 0 30.63 73.34 18 20.71 58.47 3 28.31 73.58 0 13.98

13.4 7.6 10.8 38.6 32.4 82.3 29.3

2669 60 2669

99 98.6

12.6

0.60

1.4

20.8 1709

748.8

28.5 1709H 1539.7

56.0

123 5735 30.6 123 2445 80.2* 24 2256 11.9 368 1033

524 315.9 140.7 67.2

20.7 3.5 56.7

3.00 1.25 7.00

0.0 1.0 0.6

16.8 1709 14.5 1709 15.4 1709

688.0 693.8 293.8

99.7 1709H 1376.1 50.0 1709H 1339.5 21.4 1709H 587.6

14 25 30

201.6 90.2 40.1

45 2224 10.3 326 297 34.5 327 1927

123 53.4 69.5

51.9 10.00 20.2 6.00

0.2 0.7

15.9 1709 6.2 1709

74.7 597.6

12.4 1709H 152.2 50.8 1709H 1181.5

5 33

27.0 98.9

519 14.6 9.4 114.5* 26.7* 26.4 145.3 182.6 16 15.7

150 302 101 77 88 133 117

1709 6046.9 334.3 1709H 10284.7 1709 2163.6 486.4 1709H 4163.5 1709 893.0 41.7 1709H 1637.4 1709 227.1 -3.4 1709H 545.5 1709 13400.1 -295.3 1709H 22982.1

208.2 492.2 679.8 310.2

-8 11 24 7 9 -14 17 13 7 18 19 5 -10 -12 13 -9 3 -6 14 17 19 11 8 12 20 12 10 44 7 4 8 3

MARKET RELATED DATA

0.0 0.2 0.8 0.9 0.2 0.2 0.3 0.4 0.3 0.2 0.1 0.0 0.1 0.1 1.6 0.0 0.4 1.1 0.0 0.1 1.9 0.2 0.5 1.6 0.9 0.4 0.4 0.3 0.7 0.0 0.6 0.0

155 6207 19.4 35 709 16.6 873 1814 51.3 353 2631 68.0 91 1053

1709 6.9 2.2 1709H 12.5 1709 361.2 29.6 1709H 597.8 1709 437.6 16.6 1709H 814.9 1709 211.6 11.1 1709H 362.2 1709 347.6 23.3 1709H 626.6 1709 134.0 12.3 1709H 246.3 1709 379.6 18.2 1709H 720.1 1709 240.8 28.9 1709H 427.9 1709 477.7 42.6 1709H 900.6 1709 1856.3 271.5 1709H 3555.7 1709 273.3 9.9 1709H 530.7 1709 415.3 20.0 1709H 810.4 1709 100.6 9.7 1709H 202.8 1709 318.0 7.1 1709H 607.6 1709 296.6 8.4 1709H 546.0 1709 112.1 9.3 1709H 212.5 1709 270.7 12.6 1709H 516.1 1709 134.7 13.8 1709H 203.3 1709 54.3 7.2 1709H 105.3 1709 304.7 20.3 1709H 587.7 1709 144.2 5.6 1709H 283.0 1709 423.2 33.8 1709H 818.8 1709 302.8 7.0 1709H 596.0 1709 377.9 18.2 1709H 689.7 1709 497.1 15.1 1709H 912.0 1709 411.8 -40.5 1709H 784.8 1709 813.7 90.4 1709H 1602.5 1709 240.7 26.7 1709H 452.2 1709 136.7 9.1 1709H 258.7 1709 609.8 77.6 1709H 1135.4 1709 604.8 26.4 1709H 1168.7 1709 109.9 10.4 1709H 205.9

Inst. Stake (%)

SHAREHOLDINGS

YEAR TO DATE

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

8.4 14.4 103.4 2.6 0.14 53.8 24.8 2.50 40.2 9.9 2.00 61.6 39.2 7.00 5.1 3.7 4.70 45.2 48.3 14.50 53.2 2.5 0.50 94.8 11.0 2.20 827.3 3.9 1.33 31.8 3.2 1.00 56.6 14.1 4.00 60.9 6.4 45.8 4.8 19.0 16.3 6.00 34.7 43.9 15.00 42.6 3.1 19.2 1.4 0.65 22.5 2.8 0.75 56.0 94.1 12.50 -3.8 -0.4 0.40 118.1 52.8 7.00 23.6 1.2 0.50 71.0 45.7 3.00 14.0 2.3 0.50 105.6 52.2 31.50 315.5 15.0 4.50 86.9 6.2 0.50 20.4 10.9 2.50 213.5 112.5 6.00 59.3 49.3 13.00 44.5 49.1 8.00

DERatio

25 1087 1527 698 1172 508 1300 773 1639 6348 850 1460 443 1265 1003 487 954 511 184 1043 456 1468 1165 1332 1549 1395 2934 862 450 2083 2173 390

Div (`)

NP (` Cr)

284 8 141 58 291 104 259 19 61 12 25 127 58 88 146 211 37 16 37 475 19 356 15 348 58 302 62 37 98 668 383 357

EPS (`)

Sales (` Cr)

5.8 39.8* 10.8 20.4 15.7 13.6 9.3 41.9 17.3 210.5* 20.0* 8.0 94.8 9.5 11.6 7.9 13.5 26.7 8.2 5.9 20.0 22.4 19.9 15.6 12.0 10.1 21.0 14.0 18.8 9.5 12.0 9.1

LATEST QTR.

Bk Val (`)

IST Ltd. 10 1703 Jamna Auto Inds. 1 1703 Jay Bharat Marut 5 1703 JBM Auto 5 1703 LG Balakrishnan&Bros 10 1703 Lumax Auto Technolog 10 1703 Lumax Inds. 10 1703 Minda Corporation 2 1703 Minda Industries 2 1703 MothersonSumiSystems 1 1703 Munjal Auto Industr. 2 1703 Munjal Showa Ltd 2 1703 Precision Camshafts 10 1703 Pricol L 1 1703 Rane (Madras) 10 1703 Rane Brake Lining Lt 10 1703 *Rico Auto Inds. 1 1703 Setco Automotive 2 1703 Shanthi Gears 1 1703 *Sharda Motor Ind 10 1703 Shivam Autotech Ltd. 2 1703 Shriram Pistons 10 U1703 Sona Koyo Steer. 1 1703 Steel Strips Wheels 10 1703 Subros Ltd. 2 1703 Sundaram Clayton 5 1703 Sundaram Fasten. 1 1703 Suprajit Enginee 1 1703 *The Hi-Tech Gears 10 1703 WABCO India 5 1703 Wheels India Ltd. 10 1703 ZF Steering Gear 10 1703 7 AUTO - CARS & JEEPS IND. COMPOSITE Mahi. & Mahi 5 1703 Maruti Suzuki India 5 1703 8 AUTO - LCVS/HCVS IND. COMPOSITE Ashok Leyland 1 1703 Eicher Motors 10 1703 *Force Motors 10 1703 SML Isuzu Ltd. 10 1703 Tata Motors Ltd. 2 1703 9 AUTO - TRACTORS IND. COMPOSITE Escorts Ltd. 10 1703 HMT Ltd. 10 1703 VST Tillers Tr 10 1703 10 BEARINGS IND. COMPOSITE NRB Bearings Lim 2 1703 Schaeffler India 10 1612 SKF India 10 1703 Timken India Ltd 10 1703 11 BEVERAGES IND. COMPOSITE G M Breweries Ltd. 10 1703 IFB Agro Indus 10 1703 Manpasand Beverage 10 1703 Radico Khaitan Ltd. 2 1703 United Breweries Ltd 1 1703 United Spirits 10 1703 Varun Beverages Ltd. 10 1612 12 CABLES - POWER/OTHERS IND. COMPOSITE *KEI Industries 2 1703 13 CABLES - TELEPHONE IND. COMPOSITE Finolex Cables 2 1703 Sterlite Technologie 2 1703 Vindhya Telelink 10 1703 14 CARBON BLACK IND. COMPOSITE Oriental Carbon 10 1703 Phillips Carbon 10 1703

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

-2 25.21 4 56.20

51.29 50.55 61.05 43.96 36.37

700 1200.00 1588/670 701 74.7 2781 69.80 73/30 2833 27.1 1133 523.50 749/258 1364 18.8 2054 503.55 629/212 2264 61.6 1443 919.35 1022/512 1509 22.1 1045 766.45 775/392 1056 70.0 1932 2066.85 2241/704 2013 37.7 4005 191.35 211/86 4139 62.9 9860 1140.90 1320/290 9715 93.4 79212 376.25XB 386/202 80181 83.5 794 79.35XB 94/43 821 22.3 1069 267.25 302/158 1063 17.3 1047 110.45 168/104 857 21.8 1082 114.15 126/76 1165 41.6 876 755.00 825/385 1132 42.1 907 1146.35 1447/901 912 29.2 1324 97.90 111/44 1499 34.1 741 55.45 59/33 961 45.5 1195 146.20 168/104 1192 51.7 1429 2402.85 3100/950 1410 20.3 879 87.90 108/39 1238 4094 1830.00 2498/1130 4160 33.6 2075 104.40 131/59 2230 76.9 1544 992.50 1101/548 2308 22.4 1589 264.85 291/147 1910 44.0 10278 5080.00 6195/2700 10548 244.9 11282 536.90 541/263 11828 32.8 4376 312.85 338/177 4527 56.3 1029 548.05 570/282 1146 42.2 13893 7324.70 7380/4784 13626 62.0 2166 1800.05 1970/1084 2438 30.5 1236 1362.65 1537/1119 1250 29.8

33 5 53.86 198.3 92086 1482.65CB 1489/1142 93137 23.4 0 36.74 208.2 276826 9164.00 9237/5043 277297 36.9 39 4 33.85 467.9 33062 112.95 133/75 33495 29.9 0 36.57 88.6 80316 29503.35 33484/20210 80295 44.4 0 8.33 53.0 3947 2995.20 4810/2967 3911 26.3 0 8.69 33.6 1224 845.45 1385/837 1255 79.5 6 37.74 607.9 137583 405.15 553/358 156358 -

107 1324 905.35XB 934/389 1293 28.7 659 703.00 757/360 676 19.9 4600 401.85XB 512/253 4564 55.1 3588 269.25 310/106 4229 39.6 27037 1022.55 1190/716 27411 86.9 48905 3365.15 3470/1819 52537 188.5 9226 505.30 573/341 10221 39.1

36.3

2892

369.00

29 423/118 3509 25.2

17 35.85 0 25.51 42.3 91 54.22 36 19.51 117.5 21 43.51 0 12.39 9.6

10529 11923 1560

688.45 297.50 1316.25

45 721/400 10329 30.5 309/94 12837 64.2 1472/575 1787 21.0

1288 3254

1251.30 944.15

37 1492/742 1357 25.2 1095/215 3968 22.5

41 46.25

-8 49.83 264 53.56

0 19.36

0 21.33 0 14.82

16.1 40.1

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Updated Information

1709 497.1 91.8 1709H 972.6 1709 245.2 9.5 1709H 426.8 1709 1258.0 203.7 1709H 2458.8 1709 423.5 3.7 1709H 902.3 1709 141.8 13.9 1709H 269.0 1709 484.2 20.4 1709N 1397.8 1709 179.6 10.0 1709H 330.2 1709 333.0 23.5 1709H 590.9

0.0 0.0 0.6 0.2 0.6 0.5 1.3 1.4 0.7 0.6 1.1 0.5 1.3 1.4 0.4 0.3 0.2 0.9 0.3 2.4 0.2

7.0 5.1 6.7 14.2 7.9 3.4 13.5 5.9 7.1 7.2 22.0 16.3 1.8 3.4 1.6 17.4 11.3 17.4 1.3 11.0

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

3116.5 2319.6 796.6 136.2 425.9 1274.9 1107.7 776.6 250.3 237.3 188.3 698.8 523.1 1165.2 4.0 171.1 2136.8 257.6 1066.4 80.1 6571.3

177.7 272.4 4.4 9.5 33.3 23.7 93.1 13.2 37.0 1.1 9.7 78.8 10.2 -23.9 31.6 15.9 211.5 22.0 168.5 -23.5 431.2

1709N 1709N 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709N 1709H 1709H 1709H 1709H 1709H 1709H

9743.4 7733.1 1762.8 272.3 866.9 2741.7 2149.1 1677.8 487.1 489.9 385.1 1528.1 1091.1 2489.6 37.6 358.1 4708.2 645.4 2095.3 148.0 13197.8

0.5 0.1 0.7 0.5 0.5 0.5

0.7 10.9 24.7 10.2 5.7 10.5

1709 1709 1709 1709 1709 1709

259.1 256.5 214.2 161.0 205.6 201.1

4.5 9.4 8.3 22.1 10.9 14.1

1709H 1709H 1709H 1709H 1709H 1709H

637.1 661.5 758.7 399.9 493.1 541.8

10 10 -16 4 3 6

21.4 46.3 28.2 37.8 42.5 37.1

790 14 -41 -8 32 46

48.65 0 40.99 0 69.92 0 53.92 10 74.98 71 41.22 5

0.4 0.1 0.6 0.0 0.4

7.8 19.4 7.1 22.9 17.0

1709 1709 1709 1709 1709

242.2 295.7 532.5 633.8 431.8

6.9 27.3 23.5 74.9 21.3

1709H 445.5 1709H 530.3 1709H 1013.0 1709H 1255.3 1709H 765.6

2 15 8 3 -11

14.2 46.6 35.3 127.1 27.3

28 0 -39 -9 -33

32.32 54.74 48.42 47.58 51.53

1.1 0.4 0.2 1.0 1.3 0.6 0.0 0.7 0.0 0.1 0.2 0.7 0.2 1.0 0.7 0.0 0.0 0.0 0.0 0.0 1.8 0.1 0.0 0.7 0.0

23.4 20.2 23.2 0.0 15.3 24.6 12.0 26.6 16.9 4.8 7.5 25.8 5.3 19.2 17.9 17.9 13.9 22.8 12.0 14.0 15.7 29.2 27.6 20.5

1709 887.9 78.5 1709H 1709 138.1 13.4 1709H 1709 201.2 29.2 1709H 1709 1455.1 172.9 1709H 1709 85.1 -3.7 1709H 1709 355.0 22.7 1709H 1709 91.3 13.3 1709N 1709 57.4 6.0 1709H 1709 90.3 8.8 1709N 1709 111.8 22.0 1709H 1709 458.6 88.7 1709H 1709 468.0 51.2 1709H 1709 240.9 33.6 1709H 1709 888.3 14.7 1709H 1709 201.9 11.5 1709H 1709 66.5 19.1 1709H 1709 218.1 42.9 1709H 1709 277.5 12.5 1709H 1709 1363.8 260.9 1709H 1709 139.9 12.0 1709H 1709 82.2 15.1 1709H 1709 96.4 10.4 1709H 1709 259.5 41.7 1709H 1709 91.2 6.4 1709H 1709 160.7 29.1 1709H

16 28 13 10 -11 12 1 34 5 8 32 54 5 19 19 4 28 56 4 -9 8 21 35 12 12

141.6 26.0 51.9 173.6 -7.2 42.8 40.5 9.7 23.8 34.8 152.0 101.2 72.7 22.9 23.0 37.1 92.0 26.6 478.0 29.9 23.7 17.4 71.5 10.2 60.2

-11 21 8 1912 -196 -49 -5 91 -8 24 122 230 44 16 10 53 9 50 -4 -28 51 15 114 -23 -9

53.69 74.19 54.54 73.33 40.87 46.59 74.99 74.99 74.98 68.97 68.33 48.95 72.21 61.06 65.76 70.68 32.01 49.46 69.59 57.64 74.53 62.71 41.46 55.24 73.96

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

CMP (`)

(15/12/17)

MARKET RELATED DATA Market Cap (` Cr)

61.65 0 33.15 18.3 65.10 0 0.01 4.9 45.74 0 33.08 111.0 53.01 17 8.93 52.8 56.40 0 16.95 7.9 69.85 0 11.88 57.5 74.52 0 0.17 14.5 44.34 6 34.03 7.3

17.2 13.7 13.8 2.7 13.8 1.4 10.3 3.8

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

Inst. Stake (%)

12 34 52 -91 26 35 13 1452

Pledged (%)

Prom. Stake (%)

164.1 15.6 378.8 3.9 26.0 54.6 17.7 32.6

0.0 1.2 0.4 0.6 0.6 0.0 0.2 1.6

1679.7 297.6 401.3 2965.3 153.3 692.3 283.7 117.7 265.7 218.1 932.2 920.3 536.8 1576.8 388.2 134.8 443.5 514.0 2705.0 284.5 162.3 174.4 518.4 164.3 345.1

4 18 37 5 13 4 10 58

NP Growth (%)

Sales Growth (%)

Sales (` Cr)

Year / Months

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

SHAREHOLDINGS

YEAR TO DATE

NP (` Cr)

15 CASTINGS AND FORGINGS IND. COMPOSITE 595 12154 1250 AIA Engineering 2 1703 18.9 257 2066 417.3 44.2 8.00 Alicon Castalloy 5 1703 6.7 135 712 24.8 18.6 4.25 Bharat Forge 2 1703 93.1* 91 3865 585.1 12.6 3.75 Electrosteel Cas 1 1703 35.7 80 1796 77.3 2.2 0.50 M M Forgings Ltd. 10 1703 12.1 261 478 43.4 36.0 6.00 Mahindra CIE Auto 10 1612 378.4 92 1787 49.5 1.3 Nelcast Ltd. 2 1703 17.4 38 575 34.0 3.9 0.90 Ramkrishna Forgings 10 1703 32.6 152 876 19.0 5.8 1.00 16 CEMENT IND. COMPOSITE 2534 89791 7650 ACC 10 1612 187.8 461 11158 602.4 32.1 17.00 Ambuja Cements Ltd. 2 1612 397.1 96 9268 970.1 4.9 2.80 Birla Corporation Lt 10 1703 77.0 412 3345 214.0 27.8 6.50 Deccan Cements 5 1703 7.0* 234 558 46.6 33.3 1.50 Heidelberg Cement In 10 1703 226.6 43 1717 76.2 3.4 India Cements Lt 10 1703 308.2 166 5778 173.4 5.6 1.00 JK Cement 10 1703 69.9 275 4421 259.6 37.1 8.00 JK Lakshmi Cement L 5 1703 58.8 117 2910 82.0 7.0 0.75 KCP Ltd. 1 1703 12.9 32 818 29.6 2.3 2.00 Mangalam Cement 10 1703 26.7 190 909 36.6 13.7 0.75 NCL Industries 10 1703 45.2* 55 766 54.7 12.1 2.50 OCL India Limi 2 1703 11.4 414 2912 383.9 67.5 5.00 Orient Cement Ltd. 1 1703 20.5 48 1875 -32.1 -1.6 1.00 Prism Cement Lim 10 1703 503.4 19 5020 17.5 0.3 Rain Industries 2 1612 67.3 27 45 31.3 0.9 1.00 Sagar Cements 10 1703 20.4 385 536 12.5 6.1 1.50 Shree Cement 10 1703 34.8 2210 8429 1339.1 384.4 140.00 Star Cement 1 1703 41.9 15 1401 73.1 1.7 The Ramco Cements 1 1703 24.0* 156 3950 649.3 27.1 3.00 Udaipur Cement Works 4 1703 118.1 8 85 2.8 0.1 UltraTech Cement 10 1703 274.5 872 23891 2627.7 95.7 10.00 17 CEMENT - PRODUCTS/BUILDING MA TERIALS IND. COMPOSITE 277 6685 320 Everest Industries L 10 1703 15.5 227 1155 2.5 1.6 1.00 HIL 10 1703 7.5 672 1054 54.6 73.1 20.00 Indian Hume Pipe 2 1703 9.7 82 1800 98.8 20.4 3.40 Ramco Industries 1 1703 8.7 68 712 59.9 6.9 0.50 Sanghi Industrie 10 1703 220.0 51 998 63.1 2.9 Visaka Indus. 10 1703 15.9 244 967 40.8 25.7 6.00 18 CERAMICS/TILES/SANITAR YWARE IND. COMPOSITE 75 8403 589 Asian Granito India 10 1703 30.1 119 950 28.0 9.3 1.30 Cera Sanitaryware L 5 1703 6.5 402 1009 101.3 77.9 12.00 HSIL Ltd. 2 1703 14.5 201 2075 103.0 14.2 4.00 Kajaria Ceramics 1 1703 15.9 74 2528 270.2 17.0 3.00 Somany Ceramics Ltd. 2 1703 8.5 119 1841 86.1 20.3 2.70 19 CHEMICALS IND. COMPOSITE 646 28729 2493 Aarti Ind. Ltd 5 1703 41.1 160 3050 306.7 37.3 1.00 Alkyl Amines Che 5 1703 10.2 120 501 49.6 24.3 5.00 Balaji Amines Li 2 1703 6.5 114 668 85.6 26.4 2.20 *BASF India Lt 10 1703 43.3 255 5085 -14.1 -3.3 1.00 Camlin Fine Sciences 1 1703 10.4 17 325 0.0 0.0 Deepak Nitrite 2 1703 26.1 56 1222 112.0 8.6 1.20 Elantas Beck India L 10 1612 7.9 280 365 54.5 68.7 4.50 Fairchem Speciality 10 1703 37.6 19 186 8.5 2.2 1.00 Foseco India Lim 10 1612 6.4 195 340 33.1 51.8 23.00 *Grauer & Weil 1 1703 22.7 13 442 51.2 2.3 0.40 Guj. Fluorochemi 1 1703 11.0 276 1428 146.3 13.3 3.50 Himadri Speciality 1 1703 41.8 26 1324 81.2 1.9 0.10 I G Petrochemicals 10 1703 30.8 128 1037 101.6 33.0 3.00 *India Glycols 10 1703 31.0 273 2473 44.5 14.4 1.00 Jayant Agro Org 5 1703 15.0* 78 656 45.3 15.1 4.38 *National Peroxid 10 1703 5.7 466 255 47.8 83.3 34.00 Navin Fluorine Inter 2 1703 9.9* 152 701 134.0 27.2 1.26 Panama Petrochem 2 1703 12.1* 48 725 40.3 6.7 0.67 Pidilite Inds. 1 1703 51.3 66 4865 773.8 15.1 4.75 S H Kelkar & Company 10 1703 144.6 43 615 74.3 5.1 1.75 Seya Industries 10 1703 24.6 122 309 42.1 17.1 1.00 Shree Pushkar Chemic 10 1703 30.2 64 313 30.5 10.1 1.50 Thirumalai Chem. 10 1703 10.2 253 861 75.5 73.7 18.75 Transpek Indus. 10 1703 5.6 191 317 29.4 52.6 9.00 Vinati Organics 2 1703 10.3 132 666 139.3 27.0 0.50

LATEST QTR.

DERatio

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

Updated as on Dec 15, 2017

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

Databank

50 15592 1653.10 1660/1238 15691 35.9 773 578.45 652/340 973 26.9 32456 697.10XB 749/425 33876 45.4 1117 31.30 41/21 2488 28.6 1249 1034.95 1060/412 1298 25.6 9001 237.90 267/174 9129 137.3 815 93.65 109/47 835 22.6 2536 778.00 825/266 3305 51.2

45 16 710.9 28 54.52 0 30.60 101.0 31898 1698.65 1869/1270 31673 42.0 10 911.2 15 63.11 0 28.59 170.6 52441 264.10 291/197 52164 48.2 5 32.2 -79 62.89 0 18.56 34.1 8580 1114.25 1229/609 10136 91.8 -2 20.9 -16 56.18 0 13.47 7.9 768 548.00 640/431 776 18.0 -0 49.3 15 69.38 0 18.12 51.3 3457 152.55 175/102 4018 41.8 9 50.1 -53 28.21 44 46.49 123.4 5118 166.10 226/105 7793 42.8 18 172.5 69 64.16 0 27.54 83.3 7514 1074.55 1195/631 9580 22.7 17 41.5 -22 45.94 0 28.75 77.9 5154 438.00 535/330 7111 73.7 26 60.2 471 44.56 9 6.05 22.8 1573 122.00 138/80 1857 19.8 18 13.2 -52 13.45 0 15.01 21.1 946 354.30 407/241 1220 42.0 9 26.0 23 49.21 88 3.46 39.7 1101 243.30 277/109 1347 18.5 13 196.1 2 74.88 68 2.13 11.1 8485 1491.20 1620/650 9590 21.8 33 49.1 233 37.50 8 31.87 29.3 3270 159.60 182/115 4476 1 -7.2 -28 74.87 0 15.77 85.8 5728 113.80 130/72 6961 0 32.5 -3 41.09 0 20.46 52.8 12490 371.35 402/49 12818 21 32.8 362 50.03 0 19.10 9.1 1675 820.95 940/605 1711 43.9 12 651.6 -18 64.78 0 29.46 22.2 62013 17800.90 20560/13162 63195 52.0 -6 90.4 400 74.60 0 2.00 12.5 5066 120.85 135/102 5614 34.8 5 324.3 -11 42.74 6 32.83 31.7 16939 705.85 765/500 17959 27.7 339 -41.3 -10024 73.57 0 0.46 28.5 801 27.15 39/18 1288 13 1321.9 -4 62.13 0 27.69 292.1 118658 4322.15 4531/3052 121656 46.1

6.87 3.33 5.69 4.46 4.22 7.41

13.8 16.1 17.3 15.3 21.0 20.0

0 0 0 0 0

10.25 17.32 32.45 33.75 25.69

14.0 19.9 27.2 46.4 8.8

0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 3 7 0 0 5 0 0 0 0 0

16.61 23.3 1.42 9.0 5.10 9.1 9.73 42.2 9.24 29.8 24.17 19.2 8.00 7.9 2.84 5.4 0.12 7.5 0.00 24.8 7.09 13.7 2.69 34.5 1.33 33.1 1.76 29.5 0.33 13.2 0.05 9.1 33.97 101.5 0.46 10.3 19.19 88.0 22.86 22.9 8.19 10.1 7.35 16.3 3.58 23.8 3.83 8.3 9.68 19.9

855 553.40 949 1271.85 2035 420.05XB 2371 273.55 2579 117.25 1005 632.90

1587 4734 3563 11005 3715

584/182 1425/582 591/338 317/183 137/46 734/174

32 1020 39.8 1000 15.8 2252 25.7 2664 41.9 3150 35.1 1151 19.1

39 527.40 543/204 1721 51.1 3640.00 4300/1880 4708 46.7 492.85 564/272 4262 38.5 692.40 788/437 10967 42.7 876.65 950/471 3894 51.3

40 7790 948.65 1025/672 9187 26.9 1224 600.10 649/287 1323 22.6 2062 636.40 675/271 2140 23.1 8713 2012.95 2075/1048 9747 1167 112.45 120/71 1379 2785 213.10 234/76 3229 38.9 1716 2164.90 2240/1551 1699 32.9 1616 429.65 595/380 1666 123.7 969 1516.65 1594/1233 944 31.4 1565 69.05 80/30 1508 27.0 9638 877.35 959/455 10208 41.9 6510 155.60 178/33 7200 42.9 2247 729.80 796/217 2280 18.1 1264 408.25 465/130 2093 26.5 1154 384.80XB 571/243 1325 24.4 1239 2155.15 2898/782 1239 20.4 3427 694.50 799/468 3397 24.1 1353 223.70XB 236/53 1350 27.5 44330 864.45 915/569 44279 58.8 3681 254.50 362/237 3664 58.7 1653 671.95 826/238 2035 33.1 788 260.80 295/156 780 24.0 2156 2105.70 2319/668 2123 19.0 758 1356.20 1455/465 824 28.8 5374 1041.60 1122/560 5373 40.3 DSIJ.in

DSIJ.in

4262 2407 1162

269.00 762.40 905.00

36 274/169 4257 64.2 940/645 1734 31.2 1390/695 1135 35.0

99.0 20.9 30.4

1722 7361 732

52.30 184.00 393.50

40 59/42 2352 210/90 7989 36.1 545/166 747 47.8

3.03 7.68 30.89 6.63 0.67 0.18 63.50 0.34 42.56 12.81 11.02 35.21 20.15 9.69 4.47 1.93 56.21 19.53 12.05 50.42 7.95 8.95 11.72 45.89 31.17 27.40 55.48 7.73 18.46 37.42 11.05 7.54 23.48 10.80 17.44 13.65 15.24 22.19 14.89 50.24 32.87 16.18 0.39 18.16 0.14 17.46

16.3 16.0 6.7 73.7 18.7 5.0 21.2 21.9 19.6 141.6 4.1 153.8 82.4 13.9 9.6 25.9 939.6 68.8 6.4 62.1 129.2 26.8 22.0 98.0 23.0 69.1 37.6 15.9 22.8 57.0 39.9 66.4 13.5 138.1 22.4 43.8 19.1 586.3 86.6 494.7 23.2 350.6 15.4 99.7 12.0 23.7

2788 2152 665 1460 634 745 6233 752 5177 2696 1014 124171 9537 1874 1580 856 235086 1819 1167 3303 17915 1209 919 9278 13637 1540 3781 1442 33366 5180 3659 1776 1498 896 1133 2428 2081 487732 5758 48950 39427 141037 686 1400 1019 3663

913.50XB 1441.80 436.25 365.95 167.90 280.85 553.60 127.65 1298.20 39.35 330.45 891.95 321.40 901.70 768.60 249.30XB 1023.45 145.40 792.15 167.25 1042.80 512.55 389.50 566.00 706.00 92.50 615.50 496.55 3910.10 647.45 357.80 251.90 491.75 54.35 662.05 230.90 156.20 2547.85 924.55XB 501.15 744.75CB 289.80XB 61.55 43.10 132.10 814.45

20 1024/365 2809 794.3 1864/1260 2147 24.7 531/306 663 23.6 404/141 1437 84.6 203/108 636 493/161 809 605/435 5579 21.5 165/92 763 29.4 1528/1142 4880 16.6 49/30 2867 13.4 390/103 1014 37.7 941/778 116239 17.9 349/188 9330 22.4 945/491 1975 16.9 793/437 1836 15.0 280/194 708 9.8 1045/862 215933 16.6 154/97 1992 835/306 1167 451.1 182/105 3451 25.9 1085/653 17724 17.0 591/300 1131 102.5 415/161 916 56.5 575/435 9149 17.4 774/517 13385 20.0 119/72 1676 697/401 3732 14.2 602/236 1411 22.2 4089/3078 30929 29.5 693/558 5132 17.1 389/142 3492 31.6 285/173 1576 32.6 530/286 1501 25.5 71/50 1920 741/375 1121 14.9 247/143 2296 17.5 184/118 2055 97.7 2774/2154 486660 20.0 976/643 5506 29.5 517/358 47041 13.6 777/263 38977 62.5 308/223 143685 16.8 71/46 683 51/38 1487 33.1 140/46 993 94.3 1028/736 3617 20.4

34.79 1.44 8.60 13.42 32.57 8.80 7.81 27.45 26.87 11.25 19.22

7.3 40.0 49.7 17.2 19.5 25.8 20.0 53.2 64.2 30.1 74.7

2477 1108 1716 1716 4466 1302 1646 4050 2699 851 6978

369.70 312.25 58.15 167.65 238.65 60.45 196.10 297.65 397.60 35.00 261.25

28.6 1709 714.3 53.3 1709H 1464.7 9.2 1709 595.0 106.4 1709H 1139.6 7.8 1709 1597.8 210.5 1709H 2523.3

9 8 -18

211.2 201.8 371.1

9 19.09 16 46.27 15 30.80

2054 892 634 529

198 68.4 77.3 52.7

4.3 1.00 24.5 6.00 41.0 10.00

0.1 0.0 0.0

12.6 1709 7.3 1709 13.7 1709

8 -3 -27

34.0 35.6 -4.0

-6 31.90 -0 73.99 -126 53.75

0 27.71 0 8.03 0 25.43

4.30 0.50

1.1 0.5 0.5

- 1709 593.7 -418.2 1709H 1000.4 13.0 1709 3874.1 66.4 1709H 7402.4 13.9 1709 975.8 5.9 1709H 1859.3

-28 -456.9 -1473 50.41 2 105.4 2 0.00 124 8.3 5440 59.95

0 3.73 0 57.38 0 0.52

284169 62364 27 37 2.3 0.7 110 332 88.9 59.5 51.00 97 116 24.0 15.8 58 117 9.1 2.3 3.00 62 232 12.8 3.4 49 275 -210.7 -79.5 167 1292 236.9 21.0 5.50 80 306 21.8 3.7 0.75 276 1162 331.1 83.0 1.00 29 940 188.5 2.8 76 77 18.7 6.1 0.13 187 19318 6872.7 49.4 6.00 45 1393 356.1 12.0 5.50 477 1598 101.5 48.8 2.50 500 202 102.9 50.1 17.50 161 383 91.8 26.8 296 59289 13818.0 60.2 25.75 56 517 -56.1 -4.5 80 12 4.0 2.7 2.00 70 1320 169.3 8.6 2.20 173 6183 937.6 54.6 16.55 110 16 2.4 1.0 98 172 25.3 10.7 3.50 168 4753 489.1 29.8 10.00 242 3019 625.0 32.4 17.00 49 366 -5.1 -0.3 218 1595 164.9 26.8 12.50 162 299 47.8 16.5 5.00 314 3878 1288.1 150.9 170.00 227 1733 294.0 36.8 9.00 74 1511 99.3 9.7 96 299 59.2 8.4 2.50 225 278 50.7 16.6 237 1455 105.5 6.4 317 390 66.0 38.6 7.00 43 593 137.2 13.1 9.00 38 19 18.4 1.4 1.00 408 92693 23653.0 123.6 47.00 90 1233 173.3 27.8 8.00 173 23165 3047.3 31.2 9.00 39 3949 522.9 9.9 2.00 96 46048 8161.7 16.8 2.00 16 99 -6.7 -0.5 9 161 36.3 1.1 0.05 16 62 7.2 0.9 0.15 251 1283 180.2 40.1 12.00

0.3 0.0 0.0 0.0 0.1 0.5 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.3 0.0 0.0 0.4 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.4 0.1 0.0

2.7 54.0 16.2 3.9 5.5 12.6 4.7 30.1 9.4 8.0 26.5 26.9 10.2 10.0 16.6 20.3 3.4 12.3 31.5 0.9 10.9 17.8 13.4 12.3 10.2 48.1 16.2 13.1 8.7 7.4 2.7 12.2 30.1 3.7 30.3 31.0 18.0 25.4 17.5 12.4 6.0 16.0

1709 13.6 1709 89.7 1709 31.3 1709 34.7 1709 61.0 1709 58.4 1709 352.8 1709 78.2 1709 279.5 1709 212.3 1709 29.3 1709 5460.0 1709 405.1 1709 415.2 1709 53.6 1709 114.4 1709 15356.0 1709 152.8 1709 2.4 1709 351.5 1709 1656.2 1709 5.1 1709 40.0 1709 1303.7 1709 805.7 1709 90.2 1709 418.9 1709 81.9 1709 1002.9 1709 437.5 1709 476.0 1709 104.5 1709 67.3 1709 422.2 1709 109.0 1709 179.2 1709 0.8 1709 24032.0 1709 342.2 1709 5919.4 1709 1505.2 1709 11050.5 1709 12.6 1709 40.3 1709 8.2 1709 322.9

24.7 89.7 61.5 65.9 114.2 125.9 683.9 154.2 568.4 455.9 57.5 10639.0 1152.2 826.9 104.2 211.3 30326.0 275.9 5.1 664.5 3245.1 9.6 78.9 2552.7 1591.7 173.5 823.5 157.7 2026.6 864.7 865.6 134.3 137.6 808.9 208.2 328.6 1.0 47508.0 665.4 11672.9 2793.4 22203.3 27.7 94.7 16.7 626.2

55 6 12 38 -7 17 8 9 -4 1 47 14 12 8 -13 17 3 8 -18 -1 5 16 -24 7 8 -8 9 6 6 3 -2 -13 -4 11 4 12 -89 3 11 3 51 -4 40 25 60 -4

2.2 23.8 13.5 12.5 -1.5 12.5 158.1 16.1 159.1 94.4 16.4 3552.0 312.7 60.3 55.0 40.8 6994.0 -16.8 1.3 65.4 571.7 11.1 10.9 276.8 337.5 4.1 150.6 35.9 602.6 161.5 71.8 28.2 29.0 103.2 36.6 69.1 9.0 12416.0 107.0 2173.8 354.9 4161.1 2.1 21.6 -4.1 96.6

139 -8 44 191 -117 77 51 31 -11 16 99 2 25 18 5 -11 5 -75 -53 -39 25 579 -45 7 20 390 201 92 -21 5 30 -14 38 -49 36 2 49 6 26 35 44 6 180 39 47 -0

60.13 74.65 40.35 49.30 66.06 47.80 22.18 73.03 50.16 54.81 52.08 60.05 71.21 67.54 70.82 75.68 12.74 31.15 47.51 18.93 84.02 48.06 47.88 13.64 60.41 34.16 30.68 67.60 73.90 30.65 74.42 72.70 54.88 50.52 43.02 30.95 63.13 73.57 44.56 36.13 41.58 73.17 78.77 60.82 59.44 48.93

10 0 0 0 18 29 0 0 0 0 5 0 0 0 0 0 0 0 0 53 0 4 0 0 0 0 0 0 0 0 0 0 1 48 0 1 0 3 0 0 0 0 0 78 33 0

0.2 0.3 0.3 0.1 0.1 0.9 0.3 0.7 0.4 0.1 0.0

16.9 13.9 1.5 9.3 9.9 1.5 0.1 9.6 21.4 0.0 5.5

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

1709H 838.7 1709H 106.7 1709H 196.5 1709H 173.5 1709H 1101.5 1709H 454.3 1709H 17.6 1709H 761.5 1709H 588.2 1709H 3.3 1709H 164.3

41 13 11 42 21 0 221 3 16 -37 3

55.3 24.2 18.1 27.8 94.6 13.3 8.4 79.8 33.7 -28.0 48.8

34 43 -29 53 24 222 2516 37 29 -16 13

57.95 62.52 63.47 61.03 56.63 64.28 65.09 46.87 43.78 62.31 35.28

41 10 0 0 0 100 18 0 0 70 14

20322 -154 34 2265 -362.4 -11.0 39 15432 201.7 5.0 28 2625 7.2 3.8

76 124 140 71 100 20 72 126 48 121 36

91972 1427 252 429 356 2045 889 14 1655 1125 14 278

-693 86.0 61.0 60.2 67.1 184.0 6.8 0.9 165.1 69.3 1.4 52.6

12.8 17.2 2.0 6.6 9.8 0.3 0.1 12.1 10.2 0.1 2.0

3.00 0.24 0.25 1.60 2.50 0.35

233.6 161.1 87.2

334.5 69.8 103.8 106.4 378.7 237.9 14.1 356.2 322.2 2.4 84.0

17.4 1709H 22.0 1709H -1.6 1709H

1.4 23.8 7.3 13.4 -0.1 4.7 85.3 9.6 86.5 43.9 8.3 1790.0 115.1 47.5 29.5 22.1 3579.0 5.7 0.2 37.5 287.0 10.0 2.1 152.1 172.7 11.0 45.7 13.4 307.2 86.4 54.9 39.3 15.7 40.8 20.0 39.3 5.2 5746.0 57.2 1378.4 188.5 2134.3 1.1 10.0 -2.1 61.5

25.8 14.5 8.4 23.2 32.7 8.2 7.9 43.8 17.6 -12.4 30.0

1709H 1709Q 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709N 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

454.0 307.4 173.6

Trailing P/E Ratio

17.7 23.5 28.7

0.9 0.1 0.2

409/236 366/129 72/37 250/129 269/146 72/18 219/170 322/145 437/326 54/32 291/95

CMP (`)

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Entprise Value (` Cr)

20 316/204 4297 7.6 818/321 5581 16.1 765/468 18809 24.7

38.7 5.00 42.0 5.00 27.2 11.00

52-Week High/Low

309.35 738.20 718.90

1388 386.8 308.1 692.7

(15/12/17)

Market Cap (` Cr)

Inst. Stake (%)

3090 5421 18314

11079 135 2781 457 2070 348 6228

34 336 299

MARKET RELATED DATA

0 24.44 66.4 0 9.28 55.1 0 42.79 185.9

Pledged (%)

NP Growth (%)

NP (` Cr)

Sales Growth (%)

Sales (` Cr)

Year / Months

Prom. Stake (%)

SHAREHOLDINGS

YEAR TO DATE

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

DERatio

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

LATEST QTR.

No. of Shareholder (in’ 000)

20 CHEMICALS - CHLRO ALKALI IND. COMPOSITE 428 GHCL 10 1703 99.9* Guj. Alkalie & C 10 1703 73.4 *Tata Chemicals 10 1703 254.8 21 COMPRESSORS IND. COMPOSITE 60 Elgi Equipments 1 1703 15.8 Ingersoll Rand 10 1703 31.6 Kirloskar Pneumatic 10 1703 12.8 22 COMPUTER - HARDAWARE IND. COMPOSITE 164 HCL Infosystem 2 1703 65.8* *Redington (India) Lt 2 1703 80.0 TVS Electronics 10 1703 18.6 23 COMPUTER - SOFTWARE IND. COMPOSITE 5603 8K Miles Software 5 1703 15.3 Accelya Kale Solut 10 1706 14.9 Allsec Technologies 10 1703 15.2 *Aptech Ltd. 10 1703 39.9 AXISCADES Engineer 5 1703 18.9 Cigniti Technologies 10 1703 26.5 *Cyient Ltd. 5 1703 56.3* Datamatics Global Se 5 1703 29.5 *eClerx Services 10 1703 39.9 Firstsource Solution 10 1703 685.2* Genesys Int.Corp. 5 1703 15.3 HCL Technologies 2 1703 278.4* Hexaware Technologie 2 1612 59.3 Hinduja Global Solut 10 1703 20.8* Hinduja Ventures 10 1703 20.6 Infinite Computer So 10 1703 34.3* Infosys 5 1703 1148.5* Intellect Design 5 1703 62.5* Intrasoft Technologi 10 1703 14.7 KPIT Technologies 2 1703 39.5 L&T Infotech 1 1703 17.2* Majesco L 5 1703 11.8* Mastek Li 5 1703 11.8* MindTree Ltd. 10 1703 163.9* MphasiS Ltd. 10 1703 193.2 NIIT Ltd. 2 1703 33.3* NIIT Technologies 10 1703 61.4 Nucleus Software 10 1703 29.0 Oracle Financial Ser 5 1703 42.7* Persistent Systems 10 1703 80.0 Polaris Consulting 5 1703 51.1* Quick Heal Technolog 10 1703 70.5* Ramco Systems Lt 10 1703 30.5 Rolta India 10 1703 164.9 Sasken Technologies 10 1703 17.1 Sonata Software 1 1703 10.5 Take Solutions Ltd. 1 1703 13.3 Tata Consultancy 1 1703 191.4 Tata Elxsi Ltd. 10 1703 62.3* Tech Mahindra Ltd. 5 1703 488.4* Vakrangee 1 1703 52.9 Wipro Ltd 2 1703 973.3* Xchanging Solutions 10 1703 111.4 Zee Learn Ltd. 1 1703 32.5* Zen Technologies Ltd 1 1703 7.7 Zensar Technologies 10 1703 45.0* 24 CONSTRUCTIONS IND. COMPOSITE 8158 Ahluwalia Contra 2 1703 13.4 *Ajmera Realty & Infr 10 1703 35.5 Anant Raj Ltd. 2 1703 59.0 Ashiana Housing Ltd. 2 1703 20.5 Ashoka Buildcon Ltd. 5 1703 93.6 B L Kashyap & Sons 1 1703 21.5 *Bharat Road Network 10 1703 84.0 *Brigade Enterprises 10 1703 136.1* Capacit’e Infraproje 10 1703 67.9 D B Realty Ltd. 10 1703 243.3 Delta Corp Ltd. 1 1703 26.7

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

43 2444 24.7 1218 16.2 2962 32.5 1762 21.2 4579 22.0 1693 1780 5145 21.7 2769 1120 7001 120.2

Updated Information

26.8 1709 4.7 1709

702.8 104.6

3.7 1709

26.2

3245.9 66 238.2 321 75.63 15 16.61 21.8 1485.7 6 123.8 -35 74.94 0 17.97 358.7 0.6 21 3.4 36 58.06 0 0.20 11.5 37.0 -6 -6.8 32 73.16 75 0.56 14.5 105.0 33 23.3 56 56.07 6 7.39 16.7 1075.2 37 68.8 146 47.47 89 39.67 8.7 175.0 3 68.0 23 74.87 0 11.20 40.1 247.3 -48 68.8 -12 36.48 0 38.10 224.8 1901.4 0 26.1 -23 27.67 85 45.42 217.0 198.6 -25 44.4 1671 71.57 90 6.47 19.4 805.6 5 3.1 102 42.25 0 8.82 35.3 65.6 381 8.2 5 36.89 0 38.57 76.6 1362.0 -15 240.8 600 57.37 0 34.26 94.3 1405.5 -36 55.0 57 51.63 0 21.97 33.3 691.2 -3 48.9 -7 43.93 32 35.67 24.8 3333.8 9 578.5 142 39.20 20 25.84 585.0 312.3 -72 -44.8 -26 71.63 93 10.69 118.0 1326.0 22 46.7 100 67.18 0 13.50 10.1 874.1 29 126.7 71 57.37 0 31.77 16.9 300.4 176 51.8 259 74.53 0 9.88 42.1 185.0 1 23.4 -16 51.51 0 27.06 63.9 86.0 36 49.0 44 62.97 0 1.75 25.2 0.0 2128 16.3 -52 74.96 0 0.01 5.1 2399.3 -5 130.1 15 75.00 0 15.75 122.9 3313.8 -14 83.7 -19 19.56 36 45.61 95.0 122.1 23 13.5 42 61.90 0 5.71 20.7 449.3 0 229.0 40 72.48 0 25.89 16.2 590.6 9 30.1 -37 74.83 51 16.41 58.7 70.6 -48 -59.4 -3529 71.11 89 6.45 189.7 556.4 -6 -4.7 77 24.76 0 53.83 58.6 99.6 166 -76.1 -862 55.36 27 12.39 52.3 192.6 5 94.3 3 62.84 0 32.34 7.1 625.2 -29 46.5 -53 56.06 0 27.63 19.6 7.9 -57 -4.2 -343 61.00 0 19.26 2.5 1226.5 15 113.9 -45 70.00 0 28.94 11.8 3.5 -2 1.1 -31 32.00 0 8.32 31.1 295.4 80 26.2 88 71.99 0 11.69 4.6 1979.9 1 -442.7 -1 35.77 62 7.04 324.2 460.7 -10 51.2 -11 74.99 0 18.34 28.1 645.8 21 5.6 110 67.75 89 4.03 19.0 220.4 29 14.4 22 52.51 82 9.30 4.1 1637.4 15 89.0 32 46.76 35 42.09 15.0 50.6 15 1.2 52 74.95 19 0.00 11.4 2757.9 3 56.5 61 56.33 0 21.07 9.8 0.0 -71 -115.1 -41 62.81 92 5.21 5.7 1261.4 14 89.3 24 56.08 19 39.41 52.1 60.8 -44 55.0 -53 65.71 0 25.61 7.7 6.2 -23 6.1 -17 60.83 0 9.43 20.6 366.7 -25 -10.1 -9 17.91 73 13.49 637.5 136.0 25 3.0 23 36.38 26 0.47 25.4 149.3 24 2.3 33 63.38 41 0.01 3.6 351.7 432 47.0 436 44.56 0 11.44 49.4 0.0 88 13.2 -23 56.30 0 14.60 32.3

0 8 20 48 -0 -6 28 3 -11 3 4 34 8 24

39.5 64.9 2.7 28.4 49.9 23.4 44.0 61.5 764.5 16.5 74.7 572.5 176.2 206.2

41.4 1709H 1369.5 28.9 1709H 223.9

7 -13

62.5 47.0

24.8 1709H

24.5

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

26.2

-0 -7 131 34 4 7 34 -3 1263 302 6 86 196 14

63.25 0 14.57 30.7 38.95 0 29.77 36.9 65.13 1 13.74 15.9 38.92 0 33.31 41.9 44.04 37 35.03 52.0 56.03 0 13.03 12.4 74.96 0 12.23 16.1 74.25 0 15.64 14.5 56.19 0 8.34 34.5 57.70 35 2.00 61.6 74.99 0 13.07 16.6 52.90 0 27.06 111.9 70.38 1 19.61 21.3 74.99 0 14.93 39.4

-28 74.99 0 13.71 18.6 143 29.81 82 28.39 105.1

94 48.79

0 27.05

24.3

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

CMP (`)

(15/12/17)

MARKET RELATED DATA Market Cap (` Cr)

Inst. Stake (%)

1709 935.6 19.0 1709H 1956.1 1709 765.4 18.0 1709H 2156.0 1709 201.0 11.5 1709H 286.8 1709 736.3 18.6 1709H 1132.0 1709 398.2 36.4 1709H 737.0 1709 163.3 18.8 1709H 244.0 1709 602.0 36.6 1709H 1093.7 1709 317.4 -0.2 1709H 1180.3 1709 323.9 731.0 1709H 1249.1 1709 201.1 12.0 1709H 408.4 1709 184.3 50.7 1709H 314.0 1709 3378.5 305.6 1709H 7288.4 1709 514.7 41.9 1709H 872.1 1709 1159.7 73.5 1709H 2623.7

Pledged (%)

12.4 12.2 24.3 32.3 42.8 10.9 18.5 9.2 37.8 17.7 16.7 20.9

Prom. Stake (%)

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709N 1709H 1709H 1706Q 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1706Q 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

NP Growth (%)

115.6 -60.9 0.2 1.2 11.6 23.7 12.6 61.0 11.6 42.7 40.1 37.6 120.8 19.1 23.0 -186.5 -44.8 25.2 59.1 26.6 12.8 23.2 9.5 74.1 20.3 6.9 156.0 14.9 -33.4 -4.7 -44.8 63.1 16.7 -1.9 50.9 0.8 12.7 -248.4 45.1 3.3 6.6 33.5 0.5 27.8 -46.9 44.5 13.2 3.6 -6.0 1.5 0.8 25.9 12.9

NP (` Cr)

1581.8 467.9 0.3 18.6 52.2 423.2 83.3 161.5 970.8 50.2 340.8 58.1 690.9 413.7 317.0 842.4 312.3 659.2 393.3 146.5 75.8 30.8 0.0 1132.7 1300.1 53.7 247.2 279.4 21.1 556.4 24.4 94.5 268.6 3.9 599.6 1.7 139.6 1002.6 246.1 324.0 107.9 693.1 28.3 1246.0 0.0 616.0 4.6 2.8 122.7 54.6 46.5 145.4 0.0

Sales Growth (%)

Year / Months

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1706 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1706 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

Sales (` Cr)

NP (` Cr)

19.5 4.0 59.3 5.2 9.5 6.4 1.5 2.2 0.4 2.7 0.3 8.1 8.7 7.6 8.6 17.6 10.6 2.9 8.7 12.5 21.0 6.5 11.3 7.8 3.6 2.4 5.5 13.3 0.5 12.4 0.9 36.0 5.1 20.3 13.8 11.3 0.5 7.8 5.6 18.4 3.6 0.7 0.6 3.1 1.4

RONW (%)

Sales (` Cr)

Dilip Buildcon Ltd. 10 1703 136.8 135 5098 360.9 26.4 1.00 1.2 DLF Ltd. 2 1703 356.8 82 3703 596.6 3.3 2.00 0.5 *Emami Infrastructure 2 1703 4.9 11 1 15.5 6.4 - 45.8 Future Market Net 10 1703 56.3 34 83 -24.1 -4.3 - 1.2 Ganesh Housing 10 1703 49.2* 150 178 38.2 7.8 2.00 0.3 *Gayatri Projects 2 1703 35.5 42 2115 70.4 4.0 - 2.6 Godrej Properties Lt 5 1703 108.2* 90 457 124.3 5.7 - 1.9 HDIL 10 1703 434.0 261 711 175.2 4.0 - 0.2 Hind.ConstructionCo. 1 1703 101.5 26 4196 59.4 0.6 - 1.5 Hubtown 10 1703 72.7 238 604 6.5 0.9 - 0.6 IL&FS Engineering 10 1703 131.1 7 1820 2.3 0.2 - 20.2 Indiabulls Real Esta 2 1703 94.9 130 27 17.4 0.4 - 0.4 IRB Infrastructure 10 1703 351.4 71 3413 203.2 5.8 5.00 1.2 ITD Cementation Indi 1 1612 15.5 35 2872 48.1 3.1 0.30 0.6 J Kumar Infraproject 5 1703 37.8 184 1437 105.5 13.9 2.00 0.3 JaiprakashAssociates 2 1703 486.5 31 6219 -4361.6 -17.9 - 2.4 *Jaypee Infratech Ltd 10 1703 1388.9 38 962 -876.4 -6.3 - 1.4 JMC Projects 10 1703 33.6 205 2328 59.4 17.7 1.50 0.8 KNR Constructions 2 1703 28.1 64 1541 157.3 11.2 - 0.1 Kolte-Patil Develope 10 1703 75.8 105 534 84.7 11.2 1.60 0.2 Mahindra Lifespace D 10 1703 51.3* 331 681 48.9 9.5 6.00 0.3 Man Infraconstructio 2 1703 49.5 28 158 59.6 2.4 1.08 0.0 MarathonNextgenRea 10 1703 23.0 307 193 88.0 38.2 1.00 0.0 NBCC (India) 2 1703 180.0 19 6279 351.1 3.9 1.63 0.0 NCC 2 1703 111.2 62 7892 225.5 4.1 0.40 0.4 *Nila Infrastructures 1 1703 39.4 5 224 22.8 0.6 0.11 0.6 Oberoi Realty 10 1703 339.6 121 891 320.6 9.4 2.00 0.0 Omaxe Ltd. 10 1703 182.9 102 1037 67.8 3.7 0.70 0.3 Parsvnath Developers 5 1703 217.6 59 249 -34.8 -0.8 - 0.6 Patel Engg. Ltd. 1 U1703 15.7 110 2926 41.8 2.7 - 2.4 Peninsula Land L 2 1703 55.8 61 265 -143.1 -5.1 0.20 0.9 Phoenix Mills 2 1703 30.6* 159 376 133.5 8.7 2.40 0.3 PNC Infratech 2 1703 51.3 61 1689 209.7 8.2 0.50 0.1 Poddar Housing 10 1703 6.3 351 33 1.1 1.8 1.50 0.0 Prestige Estates Pro 10 1703 375.0 126 2180 589.1 15.7 1.20 0.7 *Prozone Intu Propert 2 1703 30.5 27 7 3.9 0.3 - 0.0 PSP Projects 10 1703 36.0 32 401 41.3 11.5 2.50 0.6 Punj Lloyd 2 1703 67.1* 6 3761 -850.6 -25.3 - 25.7 Puravankara 5 1703 118.6 84 976 100.5 4.2 2.25 0.8 Ramky Infrastructure 10 1703 57.2 49 1525 57.2 10.0 - 3.4 RPP Infra Projects L 10 1703 22.6 76 366 23.9 10.6 0.50 0.4 Sadbhav Engineering 1 1703 17.2 97 3320 187.8 10.9 0.75 0.9 *Shristi Infrastructu 10 1703 22.2 181 100 2.2 1.0 0.05 0.5 Simplex Infrastructu 2 1703 9.9 309 5608 120.3 24.3 0.50 2.1 SKIL Infrastructure 10 1703 216.6 122 0 -171.3 -7.9 - 0.7 Sobha 10 1703 96.3 261 2207 140.2 14.6 2.00 0.9 Sunteck Realty Ltd. 1 1703 14.2 61 197 158.4 11.2 0.75 0.3 Texmaco Infrastructu 1 1703 12.7 32 15 14.7 1.2 0.20 0.0 Unitech Ltd. 2 1703 523.3 32 889 -190.9 -0.7 - 0.4 Vascon Engineers Ltd 10 1703 167.7 37 217 4.5 0.3 - 0.4 Vipul Ltd. 1 1703 12.0 34 226 2.4 0.2 0.01 0.9 Welspun Enterprises 10 1703 174.3* 79 301 43.3 2.5 0.75 0.1 Zuari Global 10 1703 29.4 492 0 20.5 7.0 1.00 0.0 25 CONSUMER DURABLES IND. COMPOSITE 482 38617 1950 *Bajaj Electrical 2 1703 20.4* 86 4262 107.7 10.6 2.80 0.6 Blue Star 2 1703 19.2* 96 4112 112.0 11.7 7.50 0.2 Butterfly Gandhima 10 1703 17.9 100 402 -55.5 -31.0 - 0.7 Dixon Technologies 10 1703 11.7* 164 1644 46.5 39.9 6.00 0.2 Eveready Industr 5 1703 36.3 40 1355 93.6 12.9 1.00 0.6 Hawkins Cookers 10 1703 5.3 202 579 45.6 86.3 70.00 0.1 IFB Industries 10 1703 41.3* 113 1741 51.0 12.3 - 0.0 Johnson Controls-Hit 10 1703 27.2 161 1972 81.0 29.8 1.50 0.1 Leel Electricals 10 1703 40.3 228 2977 85.1 21.1 21.50 1.2 *Mirc Electronics 1 1703 21.2 7 748 -5.7 -0.3 - 1.1 Symphony 2 1703 14.0 65 667 173.2 24.8 4.50 0.0 Titan Company 1 1703 88.8 49 12615 761.9 8.6 2.60 0.0 TTK Prestige L 10 1703 11.6 740 1604 143.0 123.8 27.00 0.0 Whirlpool of Ind 10 1703 126.9 117 3941 310.5 24.5 3.00 0.0 27 COURIERS IND. COMPOSITE 45 3193 169 Blue Dart Expres 10 1703 23.7 220 2681 139.6 58.8 15.00 0.6 Gati Ltd. 2 1703 21.7* 58 512 29.8 2.7 0.80 0.4 28 CYCLES & ACCESSORIES IND. COMPOSITE 19 40 36 TI Financial Holding 1 1703 18.7 52 40 36.3 1.9 0.63 0.0

SHAREHOLDINGS

YEAR TO DATE

Latest Qtr. Year

LATEST QTR.

DERatio

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

Updated as on Dec 15, 2017

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

Databank

12367 904.25 41363 231.85 695 286.10 856 152.05 647 131.60XB 3642 205.45 15332 708.25 2315 53.35 3666 36.10 922 126.80 667 50.90 9605 202.35 7568 215.35 3130 201.75 2323 307.00 4281 17.60 1992 14.34 1939 577.50 3755 267.05 2667 351.90 2356 459.05 1489 60.15 1372 596.50 22541 250.45XB 6632 119.30 979 24.85 16151 475.60 3960 216.50 1223 28.10 1247 79.40 991 35.50 8995 587.50 4663 181.75 897 1419.95 10911 290.95 1082 70.90 1874 520.50 711 21.20 3719 156.80 1308 228.70 681 301.45 6140 357.85 667 300.45 2767 559.35 766 35.35 5532 574.40 5883 415.75 893 70.10 1727 6.60 651 38.85 852 71.00 2836 162.70 751 254.95

1009/216 242/101 315/53 201/33 157/63 221/118 747/287 102/45 48/32 173/83 66/31 270/65 272/183 235/141 345/182 30/7 25/7 663/200 293/148 405/79 528/332 71/36 636/183 292/143 127/75 26/12 529/286 219/156 34/12 107/64 39/13 599/338 214/99 1636/821 346/148 78/31 540/189 26/18 175/43 271/56 362/163 395/256 375/245 617/260 42/19 636/242 433/100 79/40 10/4 59/26 102/54 173/59 320/93

14459 22.8 48208 78.3 1875 42.5 1076 825 13.9 5372 31.6 18952 99.6 4131 16.3 7527 1898 19.0 2346 4.4 12024 9670 18.5 3300 46.0 2261 22.8 22249 9355 2484 23.4 3861 17.9 2771 27.1 2692 53.1 1415 20.0 1383 21.8 20988 61.2 8060 32.2 1103 16027 41.7 4370 79.0 2666 5314 18.8 2346 9666 65.8 4774 29.7 894 13959 22.0 1095 1815 35.0 5454 5139 37.0 2215 11.0 716 25.8 7635 29.3 868 258.3 6016 19.5 2561 7555 35.1 6074 61.4 891 66.4 4736 843 1211 2617 34.8 746 45.2

4770 468.20 7660 798.90 861 481.80 3740 3209.45 3151 433.55 1534 2900.60 5364 1299.40 6879 2529.85 1062 263.40 1069 50.50 11560 1652.50XB 73930 832.75 8251 7142.90 19279 1519.55

503/204 828/440 572/157 3625/2510 455/190 3170/2500 1498/417 2775/1310 340/168 57/12 1665/1130 844/307 7500/5272 1580/836

69 5251 44.3 7731 71.7 958 3778 3316 33.0 1482 32.5 5340 86.2 6915 87.3 2047 1.3 1215 11541 65.1 73158 71.8 8209 31.8 18220 57.4

11003 1435

11188

74 4637.20 5422/3831 11081 95.5 132.40 149/102 1642 25.0

596.70

288 862/530 11185 89.9 DSIJ.in

DSIJ.in

6.9 1.1 15.4 12.3 9.2 4.0 4.7

1709 683.9 0.6 1709H 1709 2327.4 34.3 1709H 1709 2622.3 150.6 1709H 1709 8165.6 114.1 1709H 1709 274.1 4.1 1709H 1709 326.2 0.8 1709H 1709 102.6 9.7 1709H

213.7 - 0.0 0.6 0.10 0.2 14.9 7.00 0.0 9.4 5.50 1.9 32.1 5.80 0.4 23.7 5.50 0.0 -9.9 - 12.0 0.1 - 0.4 38.9 14.00 0.2 -1.0 0.05 1.0 4.6 1.00 0.1 24.0 0.44 0.0 2.4 1.00 0.7 5.3 - 0.3 49.6 5.50 0.4 44.5 10.00 0.3 14.7 3.50 0.0

19.6 15.2 14.6 4.2 20.6 9.6 0.4 13.4 3.1 19.9 10.0 3.6 10.9 14.3 16.3

1709 567.4 1709 95.3 1709 371.3 1709 1821.7 1709 1438.8 1709 4037.3 1709 840.6 1709 134.3 1709 15859.8 1709 98.8 1709 291.0 1709 82.6 1709 166.3 1709 647.9 1709 68532.0 1709 247.5 1709 903.8

1423.9 6605.1 4737.4 18188.4 708.4 770.2 211.3

0.5 67.6 25.8 26.8 3.5 21.0 4.7

1972 1232.00 837 70.55 17541 444.80XB 23875 808.60 888 647.50 789 118.30 2292 703.40

1356/589 105/53 453/177 858/435 701/158 148/56 760/257

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

(15/12/17)

CMP (`)

74.65 0 4.46 31.04 79 12.14 60.49 0 33.39 53.94 0 23.12 70.34 15 6.94 74.11 0 2.06 67.18 0 19.05

MARKET RELATED DATA Market Cap (` Cr)

-47 2 34 -1 70 -2 134

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

Inst. Stake (%)

11.3 50.9 286.4 226.3 13.7 6.6 17.6

Pledged (%)

Sales Growth (%) 9 45 23 -20 18 -0 -10

Prom. Stake (%)

1.2 1.5 0.2 1.5 0.6 1.2 0.1

Sales (` Cr)

Year / Months

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

DERatio

Div (`) 1.50 0.80 0.50 1.10 2.00 -

SHAREHOLDINGS

YEAR TO DATE NP Growth (%)

27.8 3.3 10.9 15.6 10.2 2.8 7.3

LATEST QTR.

NP (` Cr)

29 DIAMOND CUTTING/PRECIOUS META LS/JEWELLERY IND. COMPOSITE 672 69681 1032 *Asian Star Co 10 1703 16.0 405 2697 44.5 Gitanjali Gems 10 1703 118.6 294 10465 39.7 PC Jeweller L 10 1703 394.4* 71 8099 430.5 Rajesh Exports L 1 1703 29.5 127 44948 461.3 Thangamayil Jeweller 10 1703 13.7 110 1294 14.0 Tribhovandas Bhimji 10 1703 66.7 69 1700 18.5 Vaibhav Global Ltd. 10 1703 32.6* 153 478 23.6 30 DIVERSIFIED IND. COMPOSITE 7561 352781 40341 3M India Ltd. 10 1703 11.3 1089 2363 240.8 *Andrew Yule & Co 2 1703 97.8 4 408 27.4 Balmer Lawrie & 10 1703 114.0 102 1706 170.4 Century Textiles 10 1703 111.7 222 7899 105.0 DCM Shriram 2 1703 32.5 156 5732 522.1 Grasim Inds. 2 1703 131.5 248 10346 1560.0 Kesoram Industri 10 1703 124.8 24 3748 -124.1 Kokuyo Camlin 1 1703 10.0 22 640 1.0 *L&T 2 1703 280.2* 291 65724 5453.7 *Mercator Ltd. 1 1703 30.2 27 538 -30.5 Nava Bharat Ventures 2 1703 35.7 151 979 83.0 *Nesco Ltd. 2 1703 14.1 121 306 169.4 Orient Paper 1 1703 21.2 24 1875 50.6 Prakash Indus. 10 1703 152.5 147 2174 81.0 Reliance Inds. 10 1703 6333.5* 455 242025 31425.0 *The Andhra Sugars 10 1703 27.1* 310 907 120.5 Voltas Ltd. 1 1703 33.1 90 5410 486.2 31 DYES & PIGMENTS IND. COMPOSITE 124 7373 655 Atul Ltd. 10 1703 29.7 648 2695 285.3 *Bodal Chemicals 2 1703 21.8 33 1184 128.6 *Clariant Chemicals ( 10 1703 23.1 292 981 24.5 Kiri Industries 10 1703 30.2* 90 965 95.2 *Sudarshan Chem. 2 1703 13.8 57 1293 89.4 *Ultramarine Pig. 2 1703 5.8 50 255 32.4 32 EDIBLE OILS & SOLVENT EXTRACTION IND. COMPOSITE 136 7961 257 Agro Tech Foods Ltd. 10 1703 24.4 148 807 29.0 AVT Natural Prod 1 1703 15.2 15 311 25.8 Guj. Amb.Exports 2 1703 22.9 74 3331 158.6 Sanwaria Consumer 1 1703 73.6* 4 3512 44.0 33 ELECTRIC EQUIPMENT IND. COMPOSITE 855 38428 3062 ABB India 2 1612 42.4 155 8648 376.3 Bharat Electroni 1 1703 245.7* 31 8612 1547.6 *Centum Electronics L 10 1703 12.8* 147 387 30.8 *CG Power and Indust 2 1703 125.3 67 4761 124.5 Crompton Greaves Con 2 1703 125.3 9 3976 290.7 Elpro Internl. 1 1703 13.8 11 48 3.6 Genus Power Infrastr 1 1703 25.7 27 642 57.9 Havells India 1 1703 62.5 52 6135 539.0 HPL Electric & Power 10 1703 64.3 111 926 22.4 Igarashi Motors Indi 10 1703 30.6 121 508 73.8 *PG Electroplast Ltd. 10 1703 16.4 75 367 3.7 Schneider Electric 2 1703 47.8 -4 1265 -159.8 V-Guard Ind.Ltd. 1 1703 42.5 15 2151 151.8 34 ELECTRIC EQUIPMENT- GENSETS/TURBINES IND. COMPOSITE 43 1434 173 Honda Siel Power 10 1703 10.1 418 702 57.1 Triveni Turbine 1 1703 33.0 12 733 116.2 35 ELECTRIC EQUIPMENT- T RANSFORMERS IND. COMPOSITE 44 5438 202 Apar Industries 10 1703 38.3 248 4776 182.3 Bharat Bijlee 10 1703 5.7 517 663 19.6 36 ELECTRODES - GRAPHITE IND. COMPOSITE 79 2166 62 Graphite India Ltd. 2 1703 39.1 95 1306 112.3 HEG Ltd. 10 1703 40.0 218 860 -50.1 37 ENGINEERING IND. COMPOSITE 626 47269 3905 *Ador Welding Ltd. 10 1703 13.6 174 441 18.7 Astra Microwave 2 1703 17.3 52 425 56.6 *BGR Energy Systems 10 1703 72.2 191 3438 44.1 Carborundum Uni. 1 1703 18.9* 56 1406 121.8

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

45 2573 57.1 5933 20.6 17271 34.8 15536 36.1 963 45.4 1306 42.9 2350 67.9

59.7 21.7 26.1 52.8 172.4 574.5 -139.6 0.3 1161.9 -35.4 41.3 48.4 21.5 65.8 8265.0 29.5 96.1

1709H 1231.7 1709H 159.1 1709H 836.6 1709H 3898.8 1709H 3495.5 1709H 6777.6 1709H 1718.8 1709H 295.9 1709H 29796.9 1709H 195.7 1709H 582.4 1709H 147.5 1709H 311.5 1709H 1298.4 1709H 132749.0 1709H 483.0 1709H 2720.8

22 6 125.8 17 74.99 0 11.44 16.7 18167 16126.80 16650/10055 17427 70.3 -17 15.9 -36 89.24 0 4.77 28.1 1594 32.60 41/21 1548 -3 56.0 -13 0.00 0 10.95 45.5 2822 247.55XB 302/201 2313 17.4 -10 173.0 312 47.75 0 25.71 65.7 14859 1330.35 1421/746 19490 66.4 26 405.4 45 63.88 0 12.36 46.5 9940 612.00 625/196 10724 15.3 37 921.7 1 40.10 0 39.63 264.3 74877 1139.10 1332/800 75269 47.7 -8 -262.2 -1468 46.49 28 8.84 93.1 1860 149.05 173/118 5132 -7 -1.0 -243 74.98 0 0.14 18.8 1432 142.75 157/77 1506 11 1720.1 -47 0.00 0 56.16 929.8 168586 1203.30XB 1274/868 174253 43.1 -25 -68.7 -214 30.72 68 23.58 78.8 1053 34.80 55/33 1826 33 63.2 94 44.38 0 21.71 21.1 2453 137.35XB 155/107 2644 21.6 15 90.1 9 68.17 0 7.37 17.1 3669 520.75 591/370 3664 20.3 -61 29.6 4524 38.65 0 19.12 25.4 2855 134.55 143/65 3183 35.3 21 125.2 338 40.79 64 11.67 53.7 2264 148.45 158/42 2956 12.7 17 16461.0 8 46.20 0 34.37 2535.7 582619 919.90XB 959/507 682168 17.9 4 51.4 8 46.46 0 0.92 14.7 1397 515.35 625/199 1649 11.2 9 253.9 10 30.29 0 48.39 104.1 20892 631.40 653/301 20748 41.0

96.2 10.00 11.8 0.80 10.6 25.00 31.5 12.9 3.50 11.1 4.00

0.1 0.4 0.0 0.6 0.7 0.0

14.9 35.8 3.6 35.0 22.6 22.1

1709 1709 1709 1709 1709 1709

787.3 262.5 244.2 226.7 351.8 64.9

70.1 26.2 4.4 30.1 23.1 13.7

1709H 1437.2 1709H 534.5 1709H 507.3 1709H 448.5 1709H 687.0 1709H 128.5

8 -11 2 -10 2 7

104.5 57.3 3.0 60.4 46.5 23.4

-36 -13 -83 19 -20 45

44.63 13 27.66 61.51 0 3.40 51.00 0 12.57 37.67 1 19.77 52.89 0 7.12 52.55 0 0.25

30.0 41.1 41.8 17.9 21.5 9.0

7639 1734 1297 1590 2522 832

21 2575.45 2635/1951 7766 33.7 158.95 194/117 1870 14.3 561.70 765/554 1265 130.3 525.65 624/227 1753 14.9 364.35 459/261 2783 32.5 284.95 299/151 817 21.0

11.9 1.7 13.8 0.6

2.00 0.20 0.80 0.07

0.0 0.0 0.7 2.4

8.0 11.0 18.6 12.0

1709 197.2 1709 73.5 1709 770.5 1709 1224.4

8.6 5.5 20.9 21.0

1709H 382.7 1709H 151.1 1709H 1461.0 1709H 2378.4

-2 -0 4 91

15.1 10.5 37.8 44.7

13 -20 -52 156

51.77 74.35 65.94 71.67

14.9 18.9 50.1 24.7

1774 862 2118 1461

727.80 56.60 184.70 19.85XB

17.8 6.3 24.0 2.0 4.6 0.3 2.3 8.6 3.5 24.1 2.3 -6.7 3.6

4.00 0.2 2.05 0.0 5.00 0.7 - 0.3 - 1.2 - 1.0 0.35 0.3 3.50 0.1 1.50 0.5 6.61 0.0 - 0.8 - -6.0 0.70 0.0

11.5 20.6 16.3 3.0 53.9 2.4 8.2 16.5 3.1 19.9 3.0 23.8

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

1915.4 83.4 1709N 6305.4 2476.2 412.4 1709H 4201.1 91.2 -9.2 1709H 187.1 1208.5 9.2 1709H 2370.8 959.7 70.8 1709H 2015.2 13.0 1.4 1709H 22.2 166.2 8.9 1709H 349.1 1777.4 171.0 1709H 3637.9 224.0 6.0 1709H 434.5 111.6 16.4 1709H 242.4 90.3 2.0 1709H 201.3 269.7 -10.9 1709H 558.5 559.9 46.5 1709H 1119.5

2 54 -3 1 0 -28 11 25 1 -5 15 3 5

248.4 537.7 -4.2 40.2 151.1 -1.8 23.2 292.4 9.9 34.4 4.2 -34.4 69.7

8 41 -134 -69 3 -153 -26 0 186 -10 221 -73 -15

74.99 0 16.95 63.8 67.93 0 24.23 127.1 59.03 0 14.14 9.3 34.37 100 52.02 129.6 34.37 65 49.72 106.5 65.65 0 24.36 3.1 50.49 0 9.54 20.7 61.57 0 29.06 82.6 72.14 0 7.87 47.5 75.00 29 11.29 15.3 65.00 0 4.69 2.5 74.99 0 7.04 53.8 65.16 0 22.45 70.0

56.3 3.5

7.50 1.20

0.0 0.0

13.5 1709 29.4 1709

357.9 336.0

5 -6

27.6 37.9

-15 67.66 -30 67.73

0 6.32 3 26.93

16.0 30.5

1360 4258

36 1341.25 1572/1296 1218 26.0 129.05 167/113 4250 42.5

47.6 10.00 34.7 -

0.2 0.6

19.2 1709 1176.0 6.7 1709 175.1

27.5 1709H 2412.4 6.3 1709H 323.5

3 18

67.4 2.5

-26 57.96 -51 33.84

0 28.44 0 15.23

27.6 21.7

2972 633

776.65 1119.80

17 909/553 3097 18.8 1499/749 791 37.2

5.7 -12.5

2.00 -

0.1 0.6

812.9 614.9

37 74

119.4 105.2

343 65.21 348 61.03

0 13.82 117.7 0 14.73 30.1

12992 7971

665.00 1994.70

103 683/71 13078 63.5 2099/146 8510 -

13.7 6.5 6.1 6.4

5.00 1.00 1.75

0.1 0.3 1.4 0.0

1709H 208.8 1709H 101.3 1709H 1415.6 1709H 715.5

17 -31 -15 4

5.4 14.5 11.0 53.0

-18 7 -43 1

0 18.33 0 30.28 0 5.44 0 25.79

644 957 934 7127

473.95 110.45 129.45 377.35

38 659/280 651 36.8 149/101 1060 16.6 185/107 2356 26.1 395/236 7122 58.3

6.1 1709 - 1709

7.9 12.4 3.2 11.5

1709 1709 1709 1709

184.5 217.0

15.0 1709H 28.3 1709H

461.9 89.9 1709H 409.5 113.7 1709H

121.7 54.6 517.4 389.4

5.5 10.3 1.1 32.3

56.69 15.50 75.00 43.73

0 15.42 0 0.09 0 0.51 7 0.19

13.2 41.3 89.1 25.8

21 756/422 1790 57.8 60/30 854 37.1 196/88 2741 18.1 30/2 2358 -

44 29212 1378.50 1619/1017 28622 73.9 44201 179.90XB 193/121 40428 26.0 822 640.45 765/568 936 57.8 5318 84.85 97/56 5976 75.5 16217 258.75 292/137 16797 55.0 686 49.60 57/20 822 1853 72.05 76/37 2016 37.2 34783 556.40 564/311 34426 64.4 829 128.85 164/94 1158 28.7 2660 869.10 1125/668 2658 38.0 642 391.15 450/125 734 95.8 2964 123.95 163/115 3327 9765 229.95XB 241/109 9752 70.0

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Updated Information

56669 25 751 524 2835 88 29475 637 157 65 923 113 266 98 2863 1531 3111 1404 2432 40 729 199 553 409 189 2 9246 76 1236 48 1154 78 349 13 398

65 49 3 179 143 36 12 61 1 2 96 37 204 97 160 6 102 105 22 180 46 14

21400 284 981 1945 557 1146 613 1307 1221 4 15 271 155 2002 208 415 774 2558 573 667 387 4928 390

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

(15/12/17)

51.00 0 36.15 62.0 50.19 15 27.19 9.7 73.72 0 4.53 9.7 51.00 0 32.87 60.2 58.89 0 18.42 16.7 74.99 0 15.65 11.5 44.03 0 3.84 14.7 75.00 0 15.29 6.5 65.49 0 11.71 19.5 72.80 0 14.45 20.2 59.33 0 23.46 35.3 66.40 0 19.00 11.5 89.50 0 4.16 96.7 47.59 25 0.59 16.3 74.99 0 14.14 115.3 70.35 0 13.88 10.3 65.32 0 4.79 8.2 50.60 0 17.82 13.1 61.98 0 25.50 27.3 24.71 0 51.71 55.5 62.25 0 13.97 9.1 52.50 0 1.72 3.4

CMP (`)

-1 -147 -1 1 13 54 12 113 119 107 -35 4 -7 -21 8 32 18 -15 8 51 324

MARKET RELATED DATA Market Cap (` Cr)

Inst. Stake (%)

375.1 -5.7 18.4 90.4 64.1 129.1 15.2 10.0 24.0 39.2 66.3 40.3 221.4 4.0 39.2 24.3 45.0 89.3 49.5 8.0 3.0

Pledged (%)

Prom. Stake (%)

Sales Growth (%)

Sales (` Cr)

Year / Months

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

DERatio

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

5077 734.6 26.5 14.00 505 7.6 12.0 474 26.0 16.9 1.00 1634 180.6 7.4 5.50 1236 116.0 10.5 4.00 2410 169.4 191.7 10.00 937 45.9 31.3 3.50 649 22.1 10.1 2.00 1823 33.0 4.2 1.00 4 28.8 29.7 20.00 2670 173.6 12.0 5.00 827 61.8 17.7 5.50 3113 449.0 43.9 7.00 405 21.3 11.6 2.00 11015 1133.6 31.8 1703 111.5 10.9 1.55 374 38.9 10.8 2.00 666 68.8 55.4 43.00 3764 144.8 12.2 6.00 1798 75.0 13.7 4.00 281 20.9 21.4 2.00 195 0.3 1.0 1.00

SHAREHOLDINGS

YEAR TO DATE NP Growth (%)

135 447 222 38 80 1335 202 179 106 783 112 170 150 121 217 48 46 228 202 151 254 183

LATEST QTR.

NP (` Cr)

Cummins India Lt 2 1703 55.4 Dynamatic Techno 10 1703 6.3 *Esab India 10 1703 15.4 Greaves Cotton 2 1703 48.8 Grindwell Norton 5 1703 55.4 Honeywell Automation 10 1703 8.8 Ion Exchange (India) 10 1703 14.7 Kennametal India 10 1706 22.0 Kirloskar Bros. 2 1703 15.9 Kirloskar Industries 10 1703 9.7 Kirloskar Oil Engine 2 1703 28.9 KSB Pumps 10 1612 34.8 L&T Technology Serv 2 1703 20.4* Shakti Pumps (In 10 1703 18.4 Siemens Ltd. 2 U1709 71.2 Skipper Ltd. 1 1703 10.2 Sterling Tools L 2 1703 7.2 Swaraj Engines 10 1703 12.4 Thermax 2 1703 23.8 Va Tech Wabag Ltd. 2 1703 10.9* WPIL Ltd. 10 1703 9.8 Yuken India 10 1703 3.0 38 ENGINEERING - HEAVY IND. COMPOSITE 2252 *Action Construction 2 1703 23.5 *BEML Ltd. 10 1703 41.6 Bharat Heavy Ele 2 1703 734.3* Disa India Ltd. 10 1703 1.5 Elecon Engg. 2 1703 22.4 GMM Pfaudler Ltd 2 1703 2.9 Inox Wind Ltd. 10 1703 221.9 ISGEC Heavy Eng 10 1703 7.4 Lakshmi Machines 10 1703 11.0 Praj Industries 2 1703 36.0* Sanghvi Movers L 2 1703 8.7 Stovec Indus. 10 1612 2.1 Suzlon Energy Ltd. 2 1703 1064.0 Techno Electric & En 2 1703 22.5 Texmaco Rail & Engin 1 1703 22.0 *Titagarh Wagons Ltd. 2 1703 23.1 Walchandnagar 2 1703 7.6 39 ENTERTAINMENT/MULTIMEDIA IND. COMPOSITE 1976 Balaji Telefilms Ltd 2 1703 20.2 Den Networks Ltd. 10 1703 195.8 Dish TV India Ltd. 1 1703 106.6 Entertainment Networ 10 1703 47.7 Eros International M 10 1703 94.6* GTPL Hathway 10 1703 112.5 Hathway Cable & Data 2 1703 166.1 Inox Leisure 10 1703 96.5 Media Matrix Worldwi 1 1703 113.3 Millitoons Entertain 1 1703 17.0 Music Broadcast 10 1703 57.1 Prime Focus 1 1703 29.9 PVR Ltd. 10 1703 46.7 Saregama India Ltd. 10 1703 17.4 *Shemaroo Entertainme 10 1703 27.2 SITI Networks 1 1703 87.2 Sun TV Network Ltd. 5 1703 197.0 *TV Today Network Ltd 5 1703 29.8 TV18 Broadcast 2 1703 342.9 UFO Moviez India Ltd 10 1703 27.6 Zee Entertainment En 1 1703 96.0* Zee Media Corp 1 1703 47.1 40 FAST MOVING CONSUMER GOODS IND. COMPOSITE 2907 ADF Foods Ltd. 10 1703 21.2 Apex Frozen Foods 10 1703 31.3 Bajaj Corp Ltd. 1 1703 14.8 Britannia Ind. 2 1703 24.0 Colgate Palm. 1 1703 27.2 Dabur India 1 1703 176.2 DFM Foods Limi 10 1703 10.0 Emami Ltd. 1 1703 22.7 *Gillette India Ltd. 10 1706 32.6

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

Updated as on Dec 15, 2017

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

Databank

0.1 1.8 0.0 0.0 0.0 0.0 0.2 0.0 0.2 0.0 0.0 0.0 0.0 0.4 0.0 0.8 0.2 0.0 0.0 0.1 0.3 1.1

19.6 2.6 7.6 19.6 13.1 14.4 15.5 5.6 3.9 3.8 10.7 10.4 29.3 9.6 14.7 22.6 23.6 24.3 6.0 9.1 8.3 0.5

1709 1153.8 152.9 1709H 2494.6 1709 138.8 2.9 1709H 251.0 1709 126.9 9.3 1709H 263.6 1709 452.4 49.2 1709H 858.7 1709 339.9 34.9 1709H 670.5 1709 673.2 73.7 1709H 1328.7 1709 217.1 7.9 1709H 425.1 1709 181.1 10.0 1709Q 181.1 1709 434.1 18.5 1709H 855.6 1709 0.5 33.7 1709H 1.0 1709 646.7 29.9 1709H 1356.0 1709 200.5 11.6 1709N 616.1 1709 840.0 117.5 1709H 1619.1 1709 63.2 1.0 1709H 147.3 1709 3141.8 623.8 1709 515.6 23.2 1709H 914.4 1709 115.8 14.7 1709H 214.5 1709 208.7 23.5 1709H 402.6 1709 863.9 56.8 1709H 1577.3 1709 506.3 31.5 1709H 860.9 1709 60.7 2.7 1709H 134.1 1709 54.9 2.3 1709H 101.2

-2 4 11 2 10 16 8 20 11 -54 2 7 4 1 2 33 12 15 -6 21 41 -0

1.7 0.30 20.3 8.00 1.4 1.05 78.4 2.50 1.9 0.50 19.3 4.00 11.5 256.5 30.00 174.0 35.00 2.6 1.62 25.2 4.00 107.3 31.00 0.7 12.9 1.5 0.25 1.7 0.80 -16.9 -

0.3 0.2 0.0 0.0 0.6 0.0 0.7 0.1 0.0 0.0 0.5 0.0 5.9 0.0 0.3 0.0 8.3

6.2 3.9 1.5 12.3 2.9 17.0 11.8 16.8 12.4 6.5 12.7 26.2 32.9 17.1 3.2 2.1 -

1709 251.0 11.0 1709H 1709 689.6 10.2 1709H 1709 6297.1 115.4 1709H 1709 36.1 1.3 1709H 1709 178.3 -3.8 1709H 1709 76.4 7.0 1709H 1709 33.6 -42.8 1709H 1709 639.3 46.0 1709H 1709 573.0 46.2 1709H 1709 150.7 1.7 1709H 1709 39.7 -22.3 1709H 1709 42.6 4.7 1709N 1709 641.5 -378.8 1709H 1709 201.4 18.0 1709H 1709 191.9 -8.3 1709H 1709 80.0 1.1 1709H 1709 76.2 -12.9 1709H

32 14.8 98 73.09 0 3.01 26.3 65 -74.9 39 54.02 0 35.95 54.3 -3 196.2 5 63.05 0 31.53 440.8 13 1.6 -50 74.82 0 12.37 2.6 -4 -42.6 -8021 58.63 13 7.89 47.6 21 12.6 11 75.00 0 0.42 7.8 -93 -73.7 -204 85.61 0 2.78 63.4 -21 62.9 -27 62.26 0 6.69 9.7 12 93.8 32 30.06 0 25.65 30.6 -10 1.8 -90 33.52 0 31.28 97.5 -58 -26.0 -169 46.88 0 16.32 18.4 18 20.1 14 71.06 0 0.19 7.5 -7 -346.4 -266 19.79 99 20.84 1034.5 4 60.2 -16 58.75 0 22.10 14.1 -1 -17.0 -158 52.42 0 25.07 67.0 -6 4.3 -52 45.76 0 17.70 71.3 -7 -21.4 4 55.00 98 4.27 66.1

1660 141.45 6255 1501.90 33006 89.90XB 851 5850.00 1021 91.00 954 652.50 3289 148.20 5817 7910.65 6372 5816.10 1928 107.10 773 178.65 634 3038.15 7160 13.46 4441 394.10XB 2394 109.00 1931 167.25 854 224.35

2357 31.0 3.1 0.40 -256.8 -13.1 162.7 1.5 54.5 11.4 1.00 130.4 13.8 40.1 3.6 1.00 -154.1 -1.9 30.5 3.2 0.5 0.0 0.3 0.0 0.02 36.7 6.4 -11.0 -0.4 92.9 19.9 2.00 7.7 4.4 1.50 61.7 22.7 1.40 -185.0 -2.1 979.4 24.9 10.00 107.9 18.1 2.00 101.5 0.6 54.3 19.7 10.00 1034.0 10.8 2.50 38.1 0.8 -

0.0 0.3 0.0 0.1 0.4 1.1 0.6 0.5 0.0 0.0 0.1 0.3 0.8 0.0 0.6 1.8 0.0 0.0 0.1 0.1 0.3 0.1

4.7 59.6 6.4 9.7 9.9 5.2 0.3 0.2 6.7 9.8 2.5 14.2 24.4 17.2 2.7 10.9 23.4 5.9

1709 81.9 5.4 1709H 176.2 1709 270.9 -6.5 1709H 529.5 1709 472.4 16.5 1709H 914.7 1709 125.7 6.0 1709H 230.1 1709 194.9 11.4 1709H 393.0 1709 181.0 11.8 1709H 355.4 1709 131.2 14.0 1709H 260.1 1709 311.3 11.7 1709H 698.6 1709 0.8 -21.2 1709H 1.6 1709 0.3 0.0 1709H 1.9 1709 75.8 12.7 1709H 146.1 1709 39.6 -5.8 1709H 74.4 1709 532.5 23.9 1709H 1132.3 1709 84.5 4.5 1709H 146.5 1709 126.8 14.7 1709H 229.1 1709 187.8 -72.8 1709H 407.9 1709 675.9 284.7 1709H 1462.2 1709 144.4 29.6 1709H 295.4 1709 158.7 18.6 1709H 311.2 1709 91.4 37.0 1709H 188.8 1709 1351.5 347.0 1709H 2654.0 1709 108.9 5.9 1709H 208.3

53 13 -11 -4 -48 23 -58 10 -13 43 11 -9 8 52 10 12 5 11 7 -4 8 18

14.4 41 32.50 0 51.39 25.3 -36.8 70 36.45 11 47.38 12.6 2.3 -98 64.43 68 26.66 148.3 10.4 -57 71.15 0 19.92 13.4 22.8 -68 60.47 31 6.42 44.5 26.6 70 73.85 3 13.74 25.7 41.2 144 43.47 0 38.65 16.2 43.8 65 48.69 0 32.09 37.1 -21.0 -3809 60.71 15 0.00 3.2 0.1 -75 74.99 0 0.00 3.0 23.6 17 71.39 0 13.40 25.1 -16.1 -311 35.00 38 9.93 8.8 65.0 -8 20.25 0 67.81 36.7 7.8 167 59.11 0 0.76 16.4 31.6 -6 65.82 0 18.22 7.4 -111.0 -18 73.56 72 16.25 96.3 536.3 7 74.99 4 16.81 35.5 49.0 9 57.41 0 20.77 23.8 32.9 78 60.40 0 16.81 102.2 45.6 26 28.13 6 47.23 30.7 923.6 85 43.07 47 50.35 95.8 10.3 -8 69.11 47 6.11 101.5

1553 2040 8533 3630 1866 1875 3368 2741 736 905 2148 3182 6088 1388 1107 2250 36845 2364 9215 1444 54847 1977

47 153.55 203/83 1547 44.1 104.20 113/63 2063 80.05 111/68 8304 761.40 1008/715 3734 89.7 197.15 308/155 2429 22.6 166.75 190/127 2206 36.8 40.55 49/27 3982 284.20 306/193 3020 57.5 6.50 11/5 736 53.20XB 64/30 903 376.55 420/333 1930 53.5 106.45 124/63 3480 1302.55 1660/1011 6800 69.8 797.50 954/200 1373 110.5 407.30 450/317 1380 18.5 25.80 41/23 3074 934.95 950/458 36107 36.4 396.30 434/211 2102 21.1 53.75 59/33 9444 523.35 527/316 1444 22.7 571.05 596/429 54304 37.6 42.00 45/34 2034 -

0.0 1.1 0.0 0.0 0.0 0.1 1.1 0.1 0.0

6.3 23.4 44.0 32.7 45.3 27.3 19.6 20.2 50.5

1709 39.8 5.8 1709H 81.5 1709 285.1 22.0 1709H 532.7 1709 204.1 50.7 1709H 401.6 1709 2385.4 245.3 1709H 4504.7 1709 1084.9 177.6 1709H 2063.0 1709 1416.4 283.4 1709H 2650.1 1709 106.8 6.5 1709H 200.8 1709 579.0 103.9 1709H 1067.8 1709 408.0 64.3 1709Q 408.0

-2 0 7 -0 -0 22 -6 -1

10.1 38.7 105.7 454.0 313.9 453.0 9.2 110.2 64.3

651 2652 6941 56476 29127 60376 1898 29012 22386

49 307.10 348/133 646 40.5 848.65 941/195 2753 470.60 520/343 6947 32.1 4704.00 4964/2776 56423 65.6 1070.90 1176/862 28833 49.8 342.75 360/259 60634 61.3 1897.45 2141/1122 1982 106.1 1278.25 1335/937 29138 91.0 6869.95 7197/4025 22270 85.3

1964 19.6 84.4 495.9 11.4 21.1 28.2 256.3 188.6 190.6 46.9 109.2 22.4 355.7 145.5 33.6 19.3 -64.3

151710 22878 92 166 12.4 33 699 24.4 34 793 221.0 215 8414 843.7 47 3982 577.4 21 5291 998.3 81 345 15.9 75 2301 346.4 154 1734 253.1

5.8 2.50 7.8 1.00 15.0 11.50 70.3 22.00 21.2 10.00 5.7 2.25 15.9 5.00 15.3 7.00 77.7 164.00

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

440.0 1321.3 11890.5 66.5 346.2 145.3 78.1 1133.7 1269.2 288.7 105.0 157.4 2888.7 569.5 415.4 159.6 163.9

58 -4 4 2 -3 28 -20 17

38.99 0 0.34 23.6 72.08 0 10.75 20.5 66.86 50 29.10 24.3 50.70 0 29.14 78.1 50.99 0 26.03 167.1 68.05 0 26.11 134.7 38.34 0 15.93 7.4 72.73 30 18.61 43.1 74.99 0 10.71 24.3

23430 845.25 1096/775 23557 32.0 1267 1998.60 3220/1955 1766 1242 807.00 1075/532 1201 48.2 2812 115.15 178/115 2799 15.5 5703 515.10XB 531/316 5464 46.2 17458 19745.50 21899/8251 16880 81.2 751 512.00 638/276 668 15.8 1779 809.35 824/555 1685 64.9 2212 278.55 297/156 2375 51.4 1366 1406.50 1671/765 1294 27.8 5353 370.15 418/320 5347 38.6 3104 891.65 931/575 2911 49.0 10178 995.40 1124/671 10115 23.5 767 417.50 557/129 838 37.9 41426 1163.25 1470/1045 37916 36.6 2734 267.00 293/128 3125 23.9 1549 430.05 478/170 1574 33.9 2437 1961.95 2545/1290 2388 32.2 14096 1183.00 1231/738 14091 109.1 3321 607.65 749/450 3346 42.2 626 640.45 780/315 699 31.4 905 3018.15 3050/380 965 194.2

156/43 1947/889 122/77 7000/4052 98/45 700/500 209/105 8040/4389 6430/3638 125/61 274/130 3875/1995 22/13 439/290 129/84 190/98 273/133

36 1709 61.5 6664 47.0 22604 65.3 797 86.6 1437 951 32.4 4329 29.5 5900 34.6 6347 29.9 1867 68.8 1225 17.0 611 25.5 13021 4347 33.1 2670 1970 132.1 1237 -

DSIJ.in

10.2 16.3 18.2 -2.9 10.5 33.5 -1.4 1.6 -2.0 4.2 3.2 1.3 4.7

1.90 1.6 5.00 0.8 6.00 0.9 - -1.6 2.20 0.1 5.00 0.7 - -0.6 0.50 3.2 - 1.5 0.85 1.8 1.10 0.6 - 1.9 1.00 3.3

269983 40725 232 44542 3679.3 54 3174 502.8 64 2076 199.7 28 1089 12.4 46 8677 830.8 346 69306 14549.6 151 54156 9801.1 43 8533 1019.7 338 14406 2867.9 102 6686 -1632.3 182 5185 452.3 80 5622 606.0 145 17699 3411.5 107 2847 256.1 105 3713 446.0 25 5847 392.5 96 16425 3330.1

15.3 5.00 7.6 0.27 6.5 0.50 0.5 4.2 0.90 56.2 11.00 15.3 2.27 3.0 0.75 47.8 6.00 -29.3 16.0 4.00 8.3 2.23 17.9 0.60 10.0 2.02 10.7 1.80 2.2 0.40 14.5 0.48

631679 474 147 17660 -313.5 132 18027 174.3 174 42200 1383.1 261 39291 -1558.3 50 12062 -1372.5 474 41388 1121.9 88 24661 -2439.1 105 19471 561.2 64 10182 -863.6 67 27791 -5158.1 301 16040 1405.7 42 19719 -3416.7 366 18422 -1094.1

-3.9 2.0 6.0 -13.2 -10.9 18.8 -12.4 4.9 -7.6 -19.5 29.3 -12.0 -31.6

1.20 1.00 6.00 -

33.4 1709

16.8 16.9 9.3 6.4 13.7 4.6 11.4 6.1 10.5 2.4

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

1.9 0.1 0.7 0.2 0.7 0.8 1.5 3.4 1.1 0.2 0.2 0.3 0.8 0.9 1.8 0.4 1.8

6.6 14.1 9.0 1.8 9.2 16.3 9.8 6.9 13.9 8.8 10.4 12.3 8.8 10.2 8.1 15.1

1709 11235.1 1709 840.9 1709 587.0 1709 259.2 1709 2379.6 1709 19670.3 1709 13577.0 1709 2219.8 1709 4208.4 1709 1666.4 1709 1317.9 1709 1402.4 1709 4760.1 1709 778.9 1709 1091.3 1709 1536.2 1709 4800.3

1.3 0.8 0.8 1.3 1.3 1.4 0.5 0.5 0.7 3.3 0.9 1.4 1.2

1.5 3.4 3.3 4.4 8.2 -

65.3 1709H

889.5

2067.2 141.2 1709H 4062.6 3645.6 343.4 1709H 5877.8 590.0 14.3 1709H 1151.2 605.3 2.8 1709H 899.3 1540.3 79.2 1709H 2677.9 1506.8 166.1 1709H 2482.1 340.8 -46.2 1709H 653.0 806.1 20.5 1709H 1395.1 1036.1 0.3 1709H 1898.6 2132.7 66.7 1709H 4003.6 1802.4 10.8 1709H 3362.6 608.0 7.8 1709H 1070.3 1314.1 53.5 1709H 2018.6

-2 281.5 6 419.8 -42 27.0 -17 -92.8 -2 119.8 3 232.7 1 -108.0 -1 17.3 9 -4.3 22 92.6 1 31.3 37 13.0 -1 53.8

5 90 -56 20 -30 8 -314 148 91 102 -50 -15 302

58.35 3 20.25 146.8 61.84 0 13.89 61.6 51.07 0 13.29 99.4 89.99 0 8.56 15.8 37.84 0 33.70 113.9 41.18 0 26.04 241.6 85.26 0 0.17 22.1 74.99 53 1.24 54.9 57.13 77 2.25 448.8 74.71 0 18.41 52.1 75.00 0 8.96 117.3 41.12 0 4.54 74.9 66.07 0 10.48 34.0

6052 14938 3500 3019 5668 7409 655 914 933 3157 4973 805 2170

145.40 511.15 396.80 46.65 142.25 476.70 40.65 77.15 15.60 64.35 90.15 39.55 516.05

157/65 543/267 500/165 64/22 165/87 549/198 46/13 89/42 20/9 90/33 106/45 48/18 689/217

432.4 144.8 58.9 6.1 263.7 4151.0 2058.2 233.7 880.1 71.6 93.4 75.7 994.3 10.5 150.6 4.3 1002.7

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

22287.6 1666.4 1153.0 518.5 4703.7 38339.0 27036.2 4365.0 8343.9 3346.8 2648.5 2786.4 9415.9 1548.8 2134.1 3026.9 9454.1

0 7 18 -6 15 14 0 8 23 -0 3 0 7 12 21 4 19

1738.0 285.1 124.1 14.0 473.9 8044.9 4107.2 671.3 1716.7 101.8 227.2 223.6 1907.0 76.6 291.6 105.8 1968.3

-7 15 30 19 29 20 -23 3 26 118 -7 -18 23 -39 56 -49 28

1709 4190.0 70.2 1709 4417.4 -385.1 1709 10753.3 355.4 1709 9894.1 179.1 1709 2934.8 -23.2 1709 10058.5 260.2 1709 6166.1 -750.4 1709 4626.5 -1035.2 1709 2222.1 -185.0 1709 6004.3 -197.8 1709 4159.6 451.5 1709 4645.8 -1222.5 1709 4452.5 -1749.9

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

8337.9 8819.4 21306.0 19389.7 5679.6 20254.0 12377.0 9047.4 4605.1 12015.2 8295.5 8833.0 8890.2

-7 -0 2 3 -8 -2 0 -7 -13 -16 3 -13 -6

99.0 -344.7 558.8 266.8 -435.4 511.8 -1327.2 -975.1 -317.7 -1050.8 823.9 -1721.6 -2236.1

120 -518 -43 143 41 -13 -7 -503 2 -454 16 22 -980

CMP (`)

Trailing P/E Ratio

14 850/258 2252 7.8

12.85 12.80 18.34 30.00 16.84 4.20 14.21 19.07 55.41 42.52 19.96 8.10 6.42 33.31 19.84 13.50 32.05 8.16 10.19 6.17 0.24 0.23 24.23 14.38

Entprise Value (` Cr)

793.05

0 0 0 0 0 0 0 0 0 26 19 0 58 0 0 0 16 33 0 0 0 0 0 0

52-Week High/Low

2309

72.45 72.19 68.78 63.25 74.74 74.71 39.90 67.19 0.00 44.94 66.87 60.09 63.94 59.70 62.76 70.63 48.70 48.94 71.43 34.54 74.23 64.83 32.15 72.54

(15/12/17)

10.9

359 69.86

-6 32 27 12 174 20 -49 13 6 78 -30 38 -42 -13 20 11 19 -65 221 42 23 -22 9 11

Pledged (%)

0.68

124.4

4 324.6 24 55.7 -4 136.5 7 405.7 33 51.1 10 73.4 -5 16.5 5 2559.0 3 5200.3 10 72.3 -9 62.9 4 -3.9 8 48.9 0 358.3 7 913.4 10 115.6 7 32.4 35 4.6 15 23.8 16 21.9 23 11.9 11 21.3 -12 83.8 16 61.4

Prom. Stake (%)

2100.7 1186.8 2026.1 2466.0 975.6 2233.1 1217.0 16838.0 20268.8 1405.5 776.0 100.9 3242.6 2619.1 7408.1 657.6 899.6 669.0 494.5 497.3 144.0 332.7 429.5 127.0

Sales Growth (%)

Sales (` Cr)

Year / Months

NP (` Cr)

Sales (` Cr) 458.6

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709N 1709Q 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

Market Cap (` Cr)

58728 2125 61 7411 425.1 96 10021 476.8 196 2027 160.2 -23 1863 -187.0 165 5265 419.5 245 4589 521.3 -35 1400 -23.3 31 2487 19.4 18 3376 -121.8 37 7620 208.2 53 7223 179.3 13 1529 27.4 196 3918 19.6

0.1

192.4 58.8 75.3 256.1 17.1 38.2 8.9 1276.0 2639.8 48.5 42.3 -1.2 21.0 160.3 343.2 115.6 23.1 2.3 13.7 11.6 8.4 -1.7 44.0 36.0

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

2.50

1115.3 647.4 1052.2 1363.8 480.8 1066.8 608.0 8309.0 9763.9 726.6 419.3 51.7 1670.7 1246.3 2514.1 657.6 494.9 352.9 263.6 235.9 85.1 103.5 219.9 66.5

MARKET RELATED DATA

Inst. Stake (%)

67.9

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

NP Growth (%)

198 197.7

21.0 8.6 22.7 19.3 38.6 22.0 69.2 22.5 7.9 30.9 16.4 28.8 30.7 82.2 1.5 4.9 4.2 3.3 26.5 11.3 31.1 19.6

Latest Qtr. Year

0.0 0.0 0.5 0.0 1.5 2.0 0.4 0.0 0.0 0.0 0.1 0.0 1.4 0.0 0.0 0.0 0.4 0.3 0.2 0.2 0.6 1.2 0.0 0.0

RONW (%)

DERatio

156.1 70.00 26.2 8.00 10.8 4.50 12.4 7.50 -4.3 1.75 8.8 4.00 14.4 1.00 20.7 17.00 8.4 4.75 10.2 2.50 11.1 6.00 -13.6 6.9 0.10 6.5 3.50 96.1 63.00 133.3 389.00 1.2 0.50 2.8 0.40 4.5 1.1 88.7 2.00 22.7 1.25 108.3 75.00 28.0 6.50

SHAREHOLDINGS

YEAR TO DATE

NP (` Cr)

1342 203 1342

LATEST QTR.

Div (`)

743 3986 656.7 306 2265 136.4 47 3616 206.8 65 4748 848.0 48 1500 -145.2 23 4200 134.0 65 2273 66.8 30 31890 4490.0 37 40089 10200.9 129 2546 67.3 36 1632 202.0 136 194 -17.8 42 6131 164.3 23 4851 842.7 313 9224 926.5 162 2320 432.7 79 1701 10.0 57 1131 27.3 107 904 10.4 30 889 9.5 334 252 22.8 118 469 16.3 346 948 167.2 143 225 109.3

EPS (`)

NP (` Cr)

GlaxoSmithKlineConsu 10 1703 42.1 Godfrey Philips 2 1703 10.4 Godrej Agrovet L 10 1703 192.0 Godrej Consumer Prod 1 1703 68.1* Godrej Industries Lt 1 1703 33.6 Hatsun Agro Prod 1 1703 15.2 Heritage Foods 5 1703 23.2* Hindustan Unilever L 1 1703 216.4 ITC Ltd. 1 1703 1219.0* Jubilant Foodworks L 10 1703 66.0 Jyothy Laboratories 1 1703 18.2* Kaya L 10 1703 13.0* Kwality 1 1703 23.8 Marico Ltd. 1 1703 129.1 Nestle India 10 1612 96.4 P&G Hygiene&Health 10 1706 32.5 Parag Milk Foods 10 1703 84.1 Prabhat Dairy 10 1703 97.7 *Prataap Snacks 5 1703 11.7 *Tamilnadu Petroprod 10 1703 90.0 Tasty Bite 10 1703 2.6 Vadilal Indus. 10 1703 7.2 *VST Industries 10 1703 15.4 Zydus Wellness Ltd. 10 1703 39.1 41 FERRO ALLOYS IND. COMPOSITE 29 Maithan Alloys Ltd. 10 1703 29.1 42 FERTILISERS IND. COMPOSITE 3043 Chambal Fertilis 10 1703 416.2 Coromandel Internati 1 1703 29.2* Deepak Fertilisers 10 1703 88.2 Fertilisers & Ch 10 1703 647.1 GSFC 2 1703 79.7 *Gujarat Narmada Vall 10 1703 155.4 Madras Fertilize 10 1703 161.1* Mangalore Chem. 10 1703 118.5 Nagarjuna Fertilizer 1 1703 59.8 *National Fertilizers 10 1703 490.6 Rashtriya Chemicals 10 1703 551.7 SPIC 10 1703 203.6* Zuari Agro Chemicals 10 1703 42.1 43 FINANCE - BANKS - PRIVATE SECTOR IND. COMPOSITE 10052 Axis Bank Ltd. 2 1703 479.7* City Union Bank 1 1703 66.3* DCB Bank 10 1703 307.8* *Dhanlaxmi Bank 10 1703 253.0 Federal Bank 2 1703 393.3* HDFC Bank 2 1703 517.6* ICICI Bank 2 1703 1284.3* IDFC Bank 10 1703 3402.7* IndusInd Bank 10 1703 599.4* Jammu & Kashmir Bank 1 1703 55.7 Karnataka Bank 10 1703 282.7* *Karur Vysya Bank 2 1703 145.3* Kotak Mahindra Bank 5 1703 952.2* Lakshmi Vilas Ba 10 1703 255.7* RBL Bank 10 1703 417.0* South Indian Ban 1 1703 180.6* YES Bank Ltd. 2 1703 458.1 44 FINANCE - BANKS - PUBL IC SECTOR IND. COMPOSITE 22694 Allahabad Bank 10 1703 800.2 Andhra Bank 10 1703 872.8 Bank of Baroda 2 1703 462.1* *Bank of India 10 1703 1184.5 Bank of Maharash 10 1703 1257.2 Canara Bank 10 1703 597.3 Central Bank 10 1703 1967.7* *Corporation Bank 2 1703 229.4 *Dena Bank 10 1703 1130.9 IDBI Bank Ltd. 10 1703 2642.5 Indian Bank 10 1703 480.3 Indian Overseas 10 1703 2852.6 Oriental Bank of 10 1703 346.2

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

40.9 26660 6339.30 6380/4856 23573 41.9 20.6 5198 999.70 1376/823 5217 34.7 274.9 10569 550.40 630/524 11007 98.3 67414 989.45XB 1084/707 67466 75.7 66.3 20027 595.55 700/392 22434 9.3 12742 837.35XB 970/347 13377 87.6 21.2 3595 774.85 830/413 3685 70.3 320.0 286826 1325.15 1337/783 285155 60.0 724.4 322719 264.75XB 353/222 319990 30.7 26.3 11320 1715.60 1832/761 11288 114.3 76.8 6794 373.70 441/323 6747 33.6 26.3 1198 919.65 1203/654 1197 40.9 2514 105.65 169/96 3864 19.5 60.7 39569 306.55 348/239 39608 50.3 74.2 75861 7868.10 8001/5750 75014 70.2 28.4 30513 9399.90 9900/6525 30396 68.7 23.0 2467 293.30 296/203 2600 162.9 14.6 2280 233.40 244/91 2313 133.6 119.5 3124 1331.95 1404/1102 3155 80.2 640 71.15 84/22 669 40.0 4.4 1833 7141.90 7340/3251 1876 73.4 12.9 703 978.70 1174/480 798 68.6 14.4 4889 3165.90 3774/2190 4869 28.1 33.5 3664 937.70 990/809 3394 31.4

20 10099 13.8 17026 22.1 4905 27.9 5369 6368 15.4 10021 13.8 994 2008 30.7 2415 6475 12.4 6620 33.1 1289 32.0 4851 21.7

29 28.59 0 55.34 402.9 131465 548.10 565/425 205637 37.1 0.00 0 49.76 94.7 11826 178.25XB 183/116 10873 21.9 15.01 0 44.25 189.8 5854 190.15 213/103 6271 25.6 0.00 0 18.12 84.5 760 30.05 45/22 331 0.00 0 70.39 225.7 21168 107.65 128/62 22489 22.6 21.02 0 45.43 480.7 484757 1873.05 1887/1165 520889 30.5 0.00 0 66.30 963.0 194861 303.45XB 332/224 310715 22.7 52.83 0 23.34 617.0 17898 52.60 69/52 65124 17.2 14.96 27 55.61 127.7 100691 1679.95 1818/1045 115396 31.3 59.23 0 24.42 77.3 4079 73.25 96/57 1764 0.00 0 29.90 157.2 4183 147.95 181/104 2086 9.6 2.07 7 41.90 109.8 8298 114.20 149/79 7203 14.9 30.06 0 48.32 168.0 195964 1029.00 1114/692 209567 52.1 9.03 44 12.24 80.9 3761 147.05 188/131 4079 18.2 0.00 0 26.00 199.7 21240 509.40 600/326 26272 38.6 0.00 0 50.16 300.8 5607 31.05 33/17 4487 19.2 20.11 4 70.07 249.4 72398 316.05 383/218 104052 19.2

68.32 69.76 59.23 75.12 82.91 66.29 81.37 70.76 61.53 77.78 82.10 82.41 58.37

0 0 0 0 0 0 0 0 0 0 0 0 0

20.83 17.16 31.59 19.25 12.39 27.41 14.39 23.88 28.97 15.73 14.95 11.15 31.17

211.5 223.1 355.6 273.6 169.9 155.1 136.9 73.3 221.4 406.2 67.0 258.6 129.2

5838 5176 38226 20961 2672 21246 15014 4508 2725 15406 18362 6475 4175

72.95 59.30 165.45 176.95 21.25 355.70 76.30 39.30 24.10 58.30 382.30 22.70 120.60

23 93/57 11922 76/46 4708 207/134 46058 39.6 217/103 33019 41/21 -4466 463/253 40827 20.3 125/71 -50790 65/38 -6521 50/24 1775 87/50 58423 428/196 25410 12.1 32/22 11073 191/102 7954 -

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Updated Information

2.60 1.50

30.70 0 2.40 64.99 0 8.30 39.24 0 32.21 42.15 0 16.30 57.98 0 20.47 0.00 0 88.86 40.31 0 47.39 38.85 0 18.80 74.99 11 13.88 37.13 0 48.65

56.7 6219 4.6 633 118.0 18570 47.4 2177 43.7 18601 228.7 275149 191.2 28087 100.7 22313 932.8 4545 26.5 4072

0.1 28.4 42.1 19.1 2.5 7.3 42.2 6.1 2.5 11.8 8.1 9.7 16.8 5.0 12.5 16.7 7.5 0.3 8.3 0.2 5.9 9.7 0.1 1.2 23.4 9.2 17.2 26.3 0.6 10.4 16.2 23.9 16.1 41.3 6.2 5.6 3.4 7.0 6.1 6.2 0.3 21.9 23.1 8.4 8.3 12.9 16.6 18.1 3.2 2.1 5.0

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

10.2 23.9 410.3 3086.2 150.8 781.2 0.0 27.4 0.6 463.3 148.4 844.0 34.6 80.6 4.4 1295.9 106.0 3.4 12.7 13.4 2004.3 72.3 0.3 2.8 942.2 307.1 457.5 156.9 880.4 33.9 15.1 2908.7 30.4 55.8 10.3 12.7 0.0 18.0 13.5 1660.8 460.7 716.1 105.9 5.5 16.8 67.3 92.8 94.8 1664.9 6.5 16.5 5.0 38.4

-1.6 5.8 68.2 556.9 116.0 732.2 50.2 23.5 22.4 119.4 62.9 70.9 5.5 25.8 7.3 227.3 27.2 1.4 12.4 -7.6 1419.1 16.9 0.0 1.1 202.1 204.0 421.2 142.6 11.9 19.3 5.5 796.1 18.4 32.7 -1.5 9.5 15.1 17.8 4.8 78.0 36.9 170.2 25.1 -19.4 2.1 28.3 62.5 10.4 454.2 5.9 -46.1 11.4 37.2

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

19.9 51.9 771.3 6198.6 178.2 933.6 0.0 29.9 1.0 874.5 305.5 1627.8 68.8 147.5 6.6 2530.7 211.3 6.7 13.4 17.2 2508.4 141.3 1.0 8.1 1841.3 620.6 894.6 172.7 1340.2 68.3 24.5 5698.0 57.7 110.5 23.0 63.6 0.0 18.0 29.3 3253.2 930.8 1434.7 203.4 97.2 32.6 126.5 115.2 174.4 3057.2 17.9 31.4 9.9 39.6

141 64 25 34 66 118 11 2 -37 13 19 28 23 38 -85 11 13 19 30 224 72 17 -63 -7 8 37 1 33 -15 130 -41 21 54 13 -73 105 27 0 10 14 -8 0 20 -33 0 -1 11 30 14 143 -1 -80 -13

-318 192 -80 39 109 197 39 22 104 -78 413 43 -121 19 209 29 179 63 29 -494 89 54 362 -74 20 38 0 50 -178 123 -67 21 25 11 51 131 319 -1 60 -31 -4 9 42 -50 50 -23 -10 31 42 170 -48 -63 -12

72.75 68.06 32.86 55.26 58.35 44.24 59.67 73.96 72.70 1.65 0.00 35.96 65.64 73.91 37.08 53.07 35.94 0.00 74.98 73.84 85.78 62.30 6.36 1.24 89.80 55.91 80.71 0.00 55.53 29.00 50.41 23.60 34.52 0.00 65.10 61.41 70.09 74.99 64.20 51.20 27.74 34.44 73.17 30.29 40.97 0.00 70.73 62.50 73.69 55.61 74.99 64.32 57.54

332.2 7.2 122.0 111.9 84.4 46.1 13.0 30.8 23.1 46.0 157.3 125.5 6.9 5.8 19.4 39.7 128.3 122.3 7.1 2.9 603.8 34.3 5.1 2.2 278.0 546.0 377.4 451.1 614.1 37.1 40.9 64.8 84.9 253.3 45.4 21.8 18.6 6.1 395.9 50.5 19.0 129.2 109.4 63.5 35.4 137.6 22.7 8.9 43.1 21.4 69.4 205.2 6.3

0.0 0.9 29.6 31.9 4.4 48.4 17.5 26.5 4.7 20.8 36.9 21.9 22.5 3.3 0.9 46.0 1.4 0.1 40.4 0.1 32.6 1.6 0.0 0.0 4.4 4.2 14.1 11.7 0.3 -2.8 4.9 0.8 66.7 1.1 37.4 1.3 42.7 27.5 55.0 1.4 6.5 0.3 8.6 12.3 5.7 -0.1 24.8 6.0 18.3 29.5 23.4 -1.1 1.8 58.1

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

-4.5 10.3 130.1 1158.9 119.9 843.1 51.3 22.9 23.0 82.4 447.2 131.2 -4.5 39.3 15.3 433.8 56.7 2.5 12.9 -12.9 1809.2 35.6 0.0 2.0 412.9 418.1 827.1 144.4 -265.0 38.9 6.6 1530.1 34.5 64.0 90.0 50.0 14.7 17.7 13.0 125.4 75.9 357.9 48.1 47.2 3.5 54.6 67.4 16.5 805.2 15.4 -75.5 23.4 37.4

0 2 0 0 0 0 0 0 0 0 0 0 0 0 50 0 27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100 12 0 0 0 0 0 0 0 0 0 3 0 68 78 0 0 0 0 0 0 0 0

15.31 0.36 16.59 28.11 14.61 21.35 7.74 3.30 2.47 85.65 31.93 37.43 0.11 9.05 1.49 37.11 28.55 55.71 0.00 4.87 10.77 5.86 0.00 0.00 0.00 2.97 13.14 9.29 56.59 22.88 24.49 0.46 66.82 13.96 34.13 16.48 22.97 2.23 0.04 14.89 42.25 50.76 40.26 16.32 56.08 46.26 64.18 14.35 14.85 22.29 5.00 5.64 10.41 0.25

Trailing P/E Ratio

40 4211 28 24 23 -1 6 68 86 19

Entprise Value (` Cr)

17 146.2 550 39.9 22 553.8 14 82.4 14 150.0 2 3656.9 7 959.2 37 392.7 58 78.0 8 101.0

46.80 171.60 312.75 83.90 29.30 148.25 17.10 68.80

52-Week High/Low

752.7 55.0 5016.6 549.9 812.2 16881.4 7320.6 2507.9 772.0 544.7

12.47 126.6 1874 28.98 368.6 37494 32.69 1636.1 269967 16.29 255.4 7589 13.49 305.5 5470 23.87 239.0 10769 8.31 86.7 2671 25.34 248.8 7636

(15/12/17)

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

Pledged (%)

75.0 39.7 293.3 42.0 77.8 2101.1 489.1 208.0 41.0 55.9

NP (` Cr)

383.9 50.6 2610.0 274.1 414.1 8750.6 3687.4 1315.8 389.0 279.0

0 0 0 0 0 0 0 0

CMP (`)

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

Inst. Stake (%)

Sales Growth (%)

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

Sales (` Cr)

21.9 1.5 36.2 17.6 26.6 18.8 17.4 9.4 11.8 16.0

17.7 0.40 10.4 1.3 0.50 0.3 92.4 4.00 8.9 27.4 5.00 8.8 8.1 2.80 9.4 46.6 18.00 4.9 38.3 6.20 10.1 31.4 6.00 5.7 3.6 - 7.5 29.1 2.00 5.7

Year / Months

79.62 65.92 57.07 72.91 80.50 65.40 86.81 63.29

NP (` Cr)

-66 6 -29 -198 -56 -512 -780 39

Sales (` Cr)

39.1 904.0 3587.1 -157.9 -1285.6 -1414.1 -556.3 440.1

Latest Qtr. Year

-6 4 31 -5 -15 2 -11 -2

RONW (%)

1709H 3938.5 1709H 24435.7 1709H 109755.1 1709H 11043.1 1709H 7212.8 1709H 16375.4 1709H 4149.0 1709H 6058.9

3.3 3.2 5.6 2.5 2.4 2.9 9.1

0.1 0.1 3.0 5.1 0.0 0.0 0.0 0.4 0.0 1.4 0.0 5.0 1.0 0.5 0.6 5.6 0.4 0.0 0.0 0.5 0.0 0.0 0.0 0.0 0.0 2.9 0.1 0.3 0.0 3.5 0.0 0.0 5.9 2.3 0.0 0.1 0.0 0.0 0.1 0.5 4.2 3.6 2.5 4.0 0.0 0.0 0.0 0.5 4.9 2.6 0.0 0.5 0.0 0.0

MARKET RELATED DATA

1709 1998.6 13.7 1709 12299.3 560.6 1709 54849.7 1581.6 1709 5559.0 105.2 1709 3446.2 -622.6 1709 8222.4 -1530.7 1709 2075.7 -344.8 1709 3053.9 185.5

0.5 1.1 2.0 1.4 1.0 1.8 0.4 1.5

0.10 3.60 1.75 32.50 17.00 10.00 28.00 2.60 1.50 0.30 0.05 5.50 1.30 30.00 10.00 1.25 1.10 0.55 3.50 3.85 4.50 0.60 27.00 1.00 30.00 1.50 15.00 0.80 2.40 0.80 2.00 3.58 15.00 2.50 6.00 25.00

SHAREHOLDINGS

YEAR TO DATE

Prom. Stake (%)

5.0 6.1 12.1 4.0 -9.9 7.6 1.4 6.8

DERatio

Div (`)

LATEST QTR.

NP Growth (%)

Punj. & Sind Ban 10 1703 400.4 153 8173 201.1 Punj. NationlBak 2 1703 437.0 174 47276 1324.8 *SBI 1 1703 863.2 182 175518 10484.1 Syndicate Bank 10 1703 904.5 139 23004 358.9 UCO Bank 10 1703 1866.9 51 16326 -1850.7 Union Bank of In 10 1703 726.4 323 32660 555.2 *United Bank of I 10 1703 1561.8 42 9428 219.5 Vijaya Bank 10 1703 1109.9 67 12379 750.5 45 FINANCE - HOUSING IND. COMPOSITE 1628 65839 13832 Can Fin Homes 2 1703 26.6* 81 1352 235.3 Crest Ventures 10 1703 26.1 84 18 3.3 Dewan Housing 10 1703 313.6* 255 8852 2896.4 GIC Housing Fi 10 1703 53.9 156 1000 147.7 GRUH Finance Li 2 1703 73.1* 30 1487 296.6 HDFC 2 1703 319.4* 248 33113 7442.6 LIC Housing Fi 2 1703 100.9 219 13987 1931.1 PNB Housing Finance 10 1703 166.6 335 3908 523.7 Reliance Home Fin 10 1703 485.1 30 1079 172.6 Repco Home Finance L 10 1703 62.6 182 1044 182.3 46 FINANCE - OTHERS IND. COMPOSITE 26780 176391 32739 Aditya Birla Capital 10 1703 2200.9 25 35 4.2 Alankit 1 1703 14.3 3 85 13.3 Au Small Finance Ban 10 1703 284.3 70 1417 842.7 Bajaj Finance L 2 1703 115.3 167 9977 1836.6 Bajaj Finserv Ltd. 5 1703 79.6 174 154 70.0 Bajaj Holdings & Inv 10 1703 111.3 659 880 538.2 Balmer Lawrie Invest 10 1703 22.2 41 0 38.8 Bengal & Assam Compa 10 1703 8.7 433 43 23.0 BF Investment Ltd. 5 1703 18.8 192 2 17.8 Bharat Financial Inc 10 1703 138.9* 176 1553 289.7 BSE 2 U1703 10.8 456 521 198.6 Capital First 10 1703 98.9* 226 2701 216.9 Capital Trust Lt 10 1703 16.4 134 114 36.9 Capri Global Capital 2 1703 35.1* 65 231 57.8 *Centrum Capital 1 1703 41.6 7 27 37.5 Cholamandalam Invest 10 1703 156.3* 276 4660 718.7 Edelweiss Fin. Ser 1 1703 91.1* 19 450 129.0 Equitas Holdings Ltd 10 1703 339.7* 49 12 4.7 Florence Investech 10 1703 3.3 489 15 13.4 Fortune Financia 10 1703 51.0 82 12 0.7 General Ins. Corp. 5 1703 438.6 553 3627 2857.9 Geojit Financial 1 1703 23.7 17 244 38.3 *Goldline Intl. 1 1703 52.1 1 4 0.1 Greencrest Financial 1 1703 36.6 1 10 0.6 HDFC Standard Life 10 1703 2009.0* 19 1013 892.1 HUDCO 10 1703 2001.9 46 3499 841.8 ICICI Lombard Gen. 10 1703 453.9 82 982 641.8 ICICI Pru Life 10 1703 1435.5* 45 1796 1682.2 IDFC L 10 1703 1596.0 60 159 55.8 *IFCI Ltd. 10 1703 1662.0 34 2740 -458.5 IIFL Holdings 2 1703 63.7 47 192 156.8 IL&FS Investment Man 2 1703 62.8 5 62 24.0 Indiabulls Housing F 2 1703 85.2* 279 10032 2842.4 Indiabulls Ventures 2 1703 88.5 7 84 47.1 Indian Energy Exchan 10 1703 30.3 91 204 113.6 JM Financial Ltd. 1 1703 79.7 22 47 106.7 JSW Holdings 10 1703 11.1 761 63 47.4 Kalyani Investment 10 1703 4.4 806 0 12.0 Kama Holdings Ltd. 10 1703 6.5 781 36 35.5 L&T Finance Holdings 10 1703 1823.6* 22 278 248.7 M&M Fin.Services 2 1703 123.6* 105 6174 400.2 Magma Fincorp Ltd. 2 1703 47.4 86 1973 6.1 Manappuram Finance 2 1703 168.4 39 3007 726.0 Mas Financial Servic 10 1703 54.7 53 341 67.4 Max Financial Servic 2 1703 53.7 68 255 154.0 Max India 2 1703 53.7* 61 52 -2.6 *MCX 10 1703 51.0 300 259 126.3 Motilal Oswal Financ 1 1703 14.5 46 141 86.3 Muthoot Capital 10 1703 16.4* 110 284 30.1 Muthoot Finance 10 1703 399.9* 163 5729 1179.8 Nalwa Sons Investmen 10 1703 5.1 731 15 12.0 *Network 18 Media & I 5 1703 523.5 24 67 -118.7 Oswal Green Tech 10 U1703 256.8 86 23 46.7 Pilani Investmen 10 1703 7.9 1168 53 45.9

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

Updated as on Dec 15, 2017

Market Cap (` Cr)

Databank

72/44 468 15.0 232/112 53047 27.3 352/241 459663 30.0 96/59 11956 45/29 6215 205/120 35475 29/17 -1412 97/46 12927 8.7

28 467.05 667/278 17433 22.5 243.05 285/81 687 15.0 592.15 678/228 86163 6.2 404.35 623/251 9494 13.3 508.80 551/298 29078 57.3 1722.85 1805/1198 461023 37.2 556.55 794/514 134950 14.1 1339.45 1715/800 54193 32.7 93.70 115/63 12582 650.95 923/500 10503 20.6

40684 184.85 815 57.00XB 19036 669.70 99729 1729.85XB 82412 5178.85 31930 2869.00 1018 458.75 1907 2196.05 1432 380.25 13926 1002.30 4841 899.75 6709 678.40 851 519.90 2044 116.60 3158 75.90 20154 1289.45 26149 286.95 4743 139.60 624 1874.95 1352 264.90 68413 779.90 2743 115.65 823 15.80 1687 46.15 76562 381.10 15715 78.50 35896 790.75 54376 378.80 9225 57.80 3931 23.65 19265 604.90 867 27.60 51327 1205.05 11420 258.15 4773 1573.70 11973 150.15 2002 1803.25 988 2263.90 2108 3266.40 30618 167.90 28501 461.35 3831 161.65 8596 102.10 3491 638.60 14873 554.15 3347 124.70 4979 976.25 20200 1396.00 1037 630.65XB 17146 428.75 704 1371.10 5392 51.50 931 36.25 2258 2855.00

35 264/174 41174 59/17 811 40.7 736/496 24343 65.4 1989/762 148622 46.1 5835/2541 82410 621.7 3020/1745 31924 29.1 485/362 923 19.1 2285/935 2056 70.3 431/130 1416 48.4 1047/465 14452 1200/887 4112 8.7 839/511 16298 26.2 570/323 1036 74.6 142/37 2613 32.0 91/25 3275 66.5 1355/805 43874 24.7 309/82 26854 158.2 188/134 4698 2060/513 624 38.2 394/255 1548 895/773 56222 147/34 2563 54.0 21/15 823 73/46 1686 418/308 75765 102/66 42076 17.3 794/619 36381 508/294 55948 32.3 68/50 9023 33/21 22183 739/245 19256 108.1 32/13 855 1375/616 115455 16.5 306/19 11171 211.7 1658/1488 4647 191/63 12167 87.2 2007/1315 2001 26.4 2575/1100 988 42.6 3600/2264 2120 59.6 214/81 31590 120.8 481/244 55241 82.9 191/92 10818 113/58 16394 11.4 701/564 4522 683/513 14863 138.7 164/119 3346 1334/897 4590 45.1 1519/486 20551 256.1 775/178 1893 30.5 526/261 32598 12.1 1490/716 704 32.4 59/31 6538 42/22 696 20.5 3310/1380 2255 55.1 DSIJ.in

DSIJ.in

3.0 1709H

67.3

-16

5.1

-14 56.66

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

54.26 5 2.49 73.36 0 2.66 72.55 0 14.75 74.95 0 0.07 69.98 100 7.26 65.02 0 22.41

(15/12/17)

31 -9 25 -66 -911 30

CMP (`)

74.06 0 2.57 45.6 66.34 0 27.96 255.8 64.99 0 5.51 127.7 46.38 0 16.96 9.1 51.99 34 29.72 930.1 85.75 0 6.65 364.2 25.33 78 28.26 40.3 58.86 0 31.88 308.3 29.25 19 31.27 15.5 84.10 0 7.08 975.0 26.03 0 18.98 2.4 33.76 0 27.99 15.2 26.08 0 53.02 54.4 60.79 0 24.95 55.0 73.99 0 3.86 57.9 35.95 0 17.33 25.8 73.01 0 3.86 30.6 85.43 0 13.68 124.1 34.14 0 4.10 66.2 48.79 0 27.18 24.2 0.00 0 57.53 87.5 74.89 0 4.16 8.0 74.77 0 0.87 8.7

MARKET RELATED DATA Market Cap (` Cr)

33.7

-5 83.2 8 18.8 6 17.9 3 1.6 -2 -137.5 0 36.4

No. of Shareholder (in’ 000)

9.4 1709

1709H 1212.0 1709H 129.5 1709H 193.3 1709H 90.5 1709H 889.4 1709H 121.5

Inst. Stake (%)

41.8 13.5 9.0 1.0 -70.6 23.8

-56 -8 -34 100 17 24 -19 -21 -229 26 19 2 22 20 535 27 -2 161 13 -99 289 379

Pledged (%)

616.5 79.4 90.4 49.1 430.8 74.0

Prom. Stake (%)

1709 1709 1709 1709 1709 1709

237.9 -13 39.6 13913.8 -1 3315.2 597.2 -2 100.9 50.4 44 28.0 1652.0 -12 403.0 726.0 22 224.0 5.2 -80 -77.9 11064.4 -7 2515.8 452.3 13 -65.3 567.5 26 538.9 139.3 20 39.0 2502.4 15 392.2 5877.3 9 927.8 863.0 -28 59.0 9.5 4481 8.8 1251.0 9 277.3 204.3 1 161.0 1492.4 193 1247.7 110.0 5 41.2 0.0 45 1.3 43.1 200 40.5 4100.0 34 21.5

NP Growth (%)

26.1 16.4 17.9 23.1 20.1

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

NP (` Cr)

14.5 1886.6 21.7 22.5 219.0 120.0 -30.5 1214.7 12.7 225.5 22.0 198.3 479.1 30.5 9.1 160.0 115.7 748.3 19.2 0.6 37.8 14.6

Sales Growth (%)

115.0 7033.4 297.1 35.4 897.0 372.0 2.7 5492.8 239.7 242.5 75.4 1284.9 2978.9 434.1 9.5 645.7 144.3 899.2 53.9 0.0 39.2 2042.8

Sales (` Cr)

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

Year / Months

NP (` Cr)

18.6 5.8 14.3 14.4 3.0 16.6 18.7 3.8 17.2 9.3 11.1 11.1 3.4 1.3 13.2 8.3 6.5 12.7 13.9 11.8 39.6 19.3

RONW (%)

Sales (` Cr)

PNB Gilts Ltd. 10 1703 180.0 50 500 167.2 9.3 2.50 3.9 Power Finance Co 10 1703 2640.1 138 26716 2126.4 8.1 5.00 4.9 PTC India Financial 10 1703 642.3 38 1351 345.3 5.4 1.50 3.1 Rane Holdings Ltd. 10 1703 14.3 243 71 49.9 34.9 8.50 0.0 Reliance Capital 10 1703 252.7* 542 1954 419.0 16.6 10.50 1.2 Reliance NipLifeAML 10 1703 612.0 40 1270 405.6 6.6 215.00 0.0 Religare Enterprises 10 1703 178.5 104 35 -159.2 -8.9 - 0.5 Rural Electrific 10 1703 1974.9 169 23351 6245.8 31.6 9.65 4.5 Satin Creditcare 10 1703 44.7 144 757 24.5 5.5 - 3.5 SBI Life Insurance 10 1703 1000.0 56 1056 954.7 9.5 1.50 0.0 SE Investments 10 1703 40.6 137 250 51.3 12.6 1.00 1.2 Shriram City Uni 10 1703 66.0* 762 4432 556.1 84.3 15.00 2.7 Shriram Trans.Fi 10 1703 226.9 498 10829 1257.3 55.4 10.00 3.4 SREI Infrastructure 10 1703 503.1 57 2292 96.1 1.9 0.50 4.1 Summit Securities 10 1703 10.9 411 3 5.6 5.2 - 0.0 Sundaram Finance 10 1703 111.1* 337 2357 495.4 44.6 11.50 2.6 Tata Investment 10 1703 55.1 444 271 202.4 36.7 18.00 0.0 The New India Assur 5 1703 412.0* 152 22072 819.8 9.9 6.25 0.0 Tourism Finance 10 1703 80.7 69 208 70.4 8.7 2.00 1.9 Tube Investments 1 1703 18.7* 61 4109 158.9 8.5 - 0.6 Ujjivan Financial 10 1703 120.6* 146 0 207.6 17.2 0.80 0.0 Vardhman Holdings 10 1703 3.2 1435 187 181.6 569.1 5.00 0.0 Weizmann Forex 10 1703 11.6 103 5988 23.0 19.9 3.00 0.5 47 GLASS IND. COMPOSITE 96 5311 232 Asahi India Glass 1 1703 24.3 21 2336 130.7 5.4 1.00 2.1 Borosil Glass 1 1703 2.3 334 267 126.7 54.8 0.25 0.0 Empire Inds. 10 1703 6.0 304 402 32.6 54.4 25.00 0.7 Guj. Borosil Ltd 5 1703 34.1 9 183 14.3 2.1 - 1.7 Hind. NationalGl 2 1703 17.9* 44 1861 -127.1 -14.2 - 6.1 La Opala RG Ltd. 2 1703 11.1 49 263 55.0 9.9 2.00 0.0 48 GRANITES/MARBLES IND. COMPOSITE 6 156 12 *Pokarna Ltd. 2 1703 6.2* 40 156 11.8 3.8 0.12 0.6 49 HORTICULTURE AND FLORICULTURE IND. COMPOSITE 66 3489 253 Advanced Enzyme Tech 2 1703 22.3 23 174 33.5 3.0 0.08 0.1 Kaveri Seed Company 2 1703 13.2 155 670 78.5 11.9 - 0.0 Nath Bio-Genes 10 1703 16.0 86 170 16.3 10.2 - 0.5 Venky’s (India) Ltd. 10 1703 14.1 377 2476 124.7 88.6 6.00 0.9 50 HOSPITALS AND MEDICALSERVICES IND. COMPOSITE 1134 11303 674 Apollo Hospitals 5 1703 69.6 257 6442 285.1 20.5 6.00 0.7 Dr. Lal Pathlabs Ltd 10 1703 83.3 75 882 147.2 17.7 3.00 0.0 *Fortis Healthcare 10 1703 518.5 82 645 -74.7 -1.4 - 0.1 Healthcare Global En 10 1703 85.7 64 539 23.5 2.7 - 0.3 Kovai Medical 10 1703 10.9 215 526 59.8 54.6 2.50 0.4 Narayana Hrudayalaya 10 1703 204.4 52 1646 95.1 4.7 - 0.1 *Shalby 10 1703 108.0* 27 324 63.3 5.9 - 1.2 *Thyrocare Tech. 10 1703 53.7 78 300 74.8 13.9 10.00 0.0 51 HOTELS AND RESORTS IND. COMPOSITE 727 7109 299 EIH Ltd. 2 1703 114.3 45 1276 96.5 1.7 0.90 0.1 *Hotel Leela Ven. 2 1703 126.1 -3 700 -102.5 -1.6 - -15.9 India Tourism De 10 1703 85.8 40 473 12.0 1.4 1.33 0.0 Indian Hotels Co 1 1703 118.7* 35 2391 141.9 1.2 0.29 0.6 Mahindra Holidays 10 1703 133.3* 51 1089 130.7 9.8 3.33 0.0 Oriental Hotels 1 1703 17.9 13 333 1.5 0.1 0.20 1.3 Speciality Restauran 10 1703 47.0 61 312 -22.7 -4.8 - 0.0 Taj GVK Hotels & Res 2 1703 12.5 58 264 10.4 1.7 0.40 0.6 The Byke Hospitality 10 1703 40.1 37 270 31.7 7.9 1.00 0.0 Westlife Development 2 1703 31.1 31 0 -0.3 -0.0 - 0.0 52 INFRASTRUCTURE - GENERAL IND. COMPOSITE 2923 8339 -883 Atlanta Ltd. 2 1703 16.3 56 224 82.4 10.1 0.30 0.4 Bharti Infratel Ltd. 10 1703 1849.6 88 6085 2705.0 14.6 16.00 0.0 GMR Infrastructure L 1 1703 603.6 11 1180 -3684.1 -6.1 - 0.8 *Kridhan Infra 2 1703 14.8 12 70 1.0 0.1 0.20 0.2 MEP Infrastructure 10 1703 162.6 37 781 17.7 1.1 0.25 0.6 RattanIndia Infra 2 1703 276.5 5 0 -5.1 -0.0 - 0.0 53 IRON AND STEEL IND. COMPOSITE 9465 231487 -1775 APL Apollo Tubes 10 1703 23.7* 166 2879 39.3 16.6 12.00 0.9 Balasore Alloys 5 1703 44.4 59 1012 89.5 10.1 0.75 0.3 *Beekay Steel Indus 10 1703 19.1 121 721 35.5 18.6 1.00 0.8 Bhushan Steel Ltd. 2 1703 45.3 -55 13706 -3501.1 -154.6 - -39.1

SHAREHOLDINGS

YEAR TO DATE

Latest Qtr. Year

LATEST QTR.

DERatio

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

805 44.70 65/44 4318 6.9 31074 117.70XB 169/113 204743 16.7 2277 35.45 51/35 9813 7.7 3112 2179.75 2281/721 3116 48.7 10412 412.05 878/400 23294 15.4 15487 253.05 299/237 15512 1129 63.25 272/34 2090 28972 146.70XB 224/115 173971 5.2 1750 391.65 477/244 2830 68865 688.65 738/629 66435 904 223.00 270/141 1589 15.7 13522 2050.15 2648/1687 26513 24.1 31927 1407.20 1412/778 66170 22.4 4893 97.25 138/70 16011 46.2 956 876.90 900/390 953 58.0 20914 1882.10 1940/1089 30013 37.7 4619 838.40 955/544 4607 23.2 44974 545.80 749/544 36955 1239 153.55 176/49 2278 16.5 4946 263.80 308/233 5579 4382 363.30 465/285 4255 68.0 1181 3700.00 3942/1692 1181 5.6 1645 1422.65 1640/165 1668 41.2 45 366.25 439/168 9935 59.1 972.35 1048/600 2242 18.0 2076.20 2480/1560 1278 34.3 133.35 175/76 923 82.0 155.35 185/74 3803 624.65 717/438 3465 54.7

49.6 12.9 5.4 49.0 4.1 10.1

8903 2246 1246 910 1391 3467

3.84

9.1

634

204.55

323/171

25 700 57.9

13.1 7.7 11.8 23.5

1709 1709 1709 1709

41.5 69.6 14.4 587.9

5.4 20.9 3.6 27.1

1709H 94.2 1709H 660.2 1709H 115.9 1709H 1251.4

20 18 15 1

10.5 223.3 23.7 79.1

-20 38 37 91

71.31 30 6.43 54.78 0 28.28 48.45 84 0.63 56.10 0 3.56

55.7 31.5 26.7 26.9

3147 3569 703 3999

281.95 540.05 439.55 2838.85

42 445/244 3180 101.6 708/381 3554 25.6 492/130 766 31.0 3046/410 4292 24.6

8.0 23.5 4.3 25.4 9.0 21.4 17.8

1709 1851.6 1709 269.3 1706 168.4 1709 146.5 1709 154.8 1709 469.0 1709 81.8

70.9 50.2 -1.0 5.0 17.7 19.0 23.4

1709H 3536.1 1709H 511.1 1706Q 168.4 1709H 280.2 1709H 292.2 1709H 910.1 1709H 163.9

14 9 1 4 10 10 11

106.1 93.3 -1.0 8.9 33.5 36.2 46.6

-35 5 85 -25 7 -29 24

34.37 68 55.84 46.7 57.91 0 21.91 49.6 34.43 98 42.78 141.6 24.37 0 52.44 11.7 49.78 0 0.00 7.5 63.85 0 29.19 34.0 - 0 0.00 63.96 0 25.73 25.6

16644 7378 7031 2388 1457 5856 2584 3472

1196.30 885.40 135.60 278.60 1331.65 286.55 239.25 646.25

1357/959 1135/718 231/123 319/215 1480/950 349/281 255/236 780/611

52 19040 73.3 7144 48.7 7650 2454 116.1 1479 23.5 5928 71.2 2886 3461 41.4

3.5 3.5 3.5 19.4 0.6 2.9 21.4 -

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

2.0 -24.4 -8.4 -20.4 31.7 3.1 -8.6 2.3 5.2 0.5

1709H 556.5 1709H 308.5 1709H 158.1 1709H 1037.8 1709H 513.6 1709H 166.2 1709H 144.5 1709H 122.2 1709H 66.5 1709H 0.0

1 1 -25 5 1 10 -9 -1 -42 -47

13.5 -48.1 10.4 -13.5 64.0 -2.1 -24.4 4.3 11.8 2.0

260 51 85 -172 1 77 -191 -27 -3 2394

35.24 0 18.61 64.0 47.27 94 3.85 91.4 87.02 0 3.68 6.4 38.65 0 40.78 129.2 67.45 0 21.02 25.4 61.96 3 10.86 19.9 51.19 0 8.68 13.7 74.98 0 10.75 27.9 45.29 0 28.44 12.7 62.17 0 21.96 5.2

8514 148.95 1217 19.30 4373 509.90 14263 120.15 4448 333.80XB 717 40.15 830 176.70 1047 167.00 665 165.95 5247 337.25

161/92 27/16 746/173 134/91 469/257 49/20 195/60 198/104 221/150 389/152

62 8772 71.9 5124 4111 259.9 15744 4280 33.8 1007 826 1270 119.4 668 21.3 5246 -

18.0 16.6 1.1 2.9 -

1709 51.3 21.2 1709H 103.8 1709 1657.7 363.8 1709H 3251.1 1709 201.0 -276.4 1709H 521.0 1709 19.9 0.0 1709H 45.1 1709 211.6 9.1 1709H 399.3 1709 0.0 -0.5 1709H 0.0

-1 37.7 10 1762.1 -25 -540.4 -15 0.1 5 12.3 -1.0

-7 -12 34 -78 51 68

70.85 71 1.28 22.5 58.00 0 39.99 29.9 61.65 74 26.85 416.6 60.17 0 0.62 12.5 69.87 38 11.34 11.9 63.91 0 5.51 75.9

904 65606 10412 754 1501 1153

110.90 354.70 17.25 101.75 92.30 8.34

121/66 482/283 22/11 122/48 148/35 12/3

24 1082 11.3 63635 26.7 15571 771 1804 68.7 1153 -

10.0 10.2 15.2 -

1709 833.9 44.6 1709 277.5 21.5 1709 229.4 21.5 1709 4324.6 -467.4

17 62.8 39 45.5 27 34.9 40 -1953.5

394 120 101 -19

37.47 0 14.44 11.0 59.56 36 2.66 127.2 69.29 0 0.00 1.1 57.81 71 4.35 43.8

4536 731 917 1432

1911.60 82.25 480.85 63.20

272.3 158.4 70.6 510.0 243.3 87.3 72.3 62.8 29.4 0.0

1709H 1525.9 1709H 567.4 1709H 432.6 1709H 8108.6

19 2028/852 4888 50.7 100/43 856 6.4 505/111 1088 16.1 103/39 47539 -

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Updated Information

Market Cap (` Cr)

5.90 216.90 172.80 114.60 165.00 100.60 211.35 251.25 356.90 99.80 465.75 110.85 69.05 33.05 85.45 62.10 997.20 462.05 357.30 78.25 74.55 367.05 805.10 930.70 694.95 503.85 20.95 133.35

7/3 222/57 205/65 134/54 179/65 126/34 239/83 277/151 469/262 115/66 513/225 123/43 72/39 45/21 109/48 79/40 1055/585 527/202 435/246 88/47 88/32 409/166 853/311 987/540 735/377 525/360 29/14 166/72

8903 2258 3074 7378 11.5 39115 9222 17.1 8222 17.7 92402 19.7 1726 12.4 1455 32.3 3132 20.3 835 18.9 978 20.4 7153 3730 842 22.3 4645 34.7 1990 13.0 1818 9.8 70933 1533 17.5 2441 22.8 2365 16.4 1129 15.9 96733 15.3 1551 14.0 4181 4808 12.2

474.6 256.3 446.1 92.6 37.6

40.1 14.6 36.4 8.6 3.9

1709H 1709H 1709H 1709H 1709H

913.2 514.1 843.9 171.4 76.6

-2 7 -1 16 15

74.3 27.0 67.0 15.0 7.6

-20 50 -3 30 129

71.99 0 54.74 0 51.02 0 54.40 0 33.22 84

15.17 16.20 32.90 10.87 2.08

37.5 4.6 12.8 2.1 7.8

7513 2826 4064 1297 1042

337.60 1171.00 331.45 887.75 436.05

344/155 1211/500 348/238 1191/541 467/198

41 8016 44.9 2947 54.4 4320 30.6 1369 46.3 1103 90.0

1709 1709 1709 1709

586.9 170.4 240.4 459.9

42.9 6.0 19.3 32.1

1709H 1323.0 1709H 278.1 1709H 492.5 1709H 942.8

5 18 -2 11

103.3 9.9 39.8 69.4

21 5 9 9

52.95 47.70 59.69 73.69 74.92

0 31.47 109.0 0 0.58 5.6 0 20.84 146.9 0 7.20 31.4 0 6.25 11.3

9399 649 1214 1997 8312

731.30 534.30 675.50 166.00 690.60

833/414 699/447 740/661 183/80 710/392

51 8878 53.1 871 40.3 1301 2133 26.9 8439 64.5

1709 1709 1709 1709 1709 1709 1709 1709

103.3 286.6 24.0 92.9 192.2 44.8 203.6 451.9

33.5 43.0 -22.5 26.4 6.8 -3.6 13.1 21.6

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

215.7 599.2 42.2 179.5 383.0 92.7 406.7 943.8

15 4 14 2 18 -5 12 4

54.8 73.7 -51.7 50.3 18.4 -5.7 25.2 55.3

83 33 12 -2 -8 13 37 37

60.50 0 14.66 46.6 69.11 0 22.96 31.9 73.80 91 2.62 9.7 - 0 0.00 61.05 0 13.88 199.0 69.02 0 27.82 20.9 56.24 80 1.80 40.5 40.25 0 0.55 77.6 66.12 0 13.22 25.4 67.38 0 22.62 43.3

8973 4457 1449 2660 3109 2881 1267 916 2134 3845

268.65 181.40 91.30 664.00 437.00 191.40 227.80 54.80 557.30 421.35

287/126 199/155 114/27 -/460/405 247/155 285/192 68/46 610/265 435/258

55 9124 102.4 4784 35.8 2079 2686 3060 2945 30.3 2007 28.9 1006 2156 45.0 3955 45.0

2.6 1709 125.0 6.1 1709H 261.7 13.3 1709 1391.4 61.1 1709H 2869.4 21.4 1709 533.8 124.8 1709H 1064.6

27 17 6

10.4 165.4 249.1

431 53.66 12 60.89 28 64.99

6 0.37 0 17.30 0 16.56

811 11520 10906

31.35 836.70 1104.10

1 -3 8 -5

495.1 7.2 74.7 39.5

-5 -15 22 -14

51.00 71.55 72.87 57.27

0 30.56 125.7 0 7.61 48.4 0 14.19 56.9 0 11.52 20.0

6 -4 -8 3 5 2 -16 1

189.0 91.8 57.1 139.6 36.1 126.3 14.7 45.8

-3 -11 309 -6 2 -4 259 11

69.84 37 22.94 74.30 0 16.84 69.50 0 20.15 60.84 0 24.51 67.77 0 13.18 61.78 0 22.28 58.31 0 8.21 74.81 0 0.00

4877 32 1782 126 970 64 1657 72 306 54 162

395 185.6 42.9 135.1 24.5 7.3

8.3 17.8 11.0 16.8 3.1

1.00 1.50 0.60 0.50 -

0.8 0.4 0.4 0.8 0.5

26.2 14.2 17.2 23.3 5.1

1709 1709 1709 1709 1709

6242 103 2467 168 478 103 621 42 936 50 1740

399 158.7 15.6 30.8 71.2 123.0

12.4 12.9 17.1 5.9 10.2

3.50 1.20 0.90 1.00

0.0 1.2 0.6 0.3 0.2

12.0 7.7 16.6 14.1 20.3

8631 402 14 391 62.9 55 1174 106.3 -6 76 -105.4 73 561 45.8 49 2589 44.8 82 355 96.2 99 740 45.5 26 189 -4.9 42 754 40.7 59 1803 70.5

1.9 4.3 -6.6 11.4 6.3 6.4 8.2 -0.3 10.6 7.7

1.05 0.4 2.00 0.3 - -6.2 - 0.3 - 0.0 - 0.2 - 1.4 - 0.3 1.60 0.2 4.00 0.2

13.7 7.9 15.6 12.7 7.8 8.3 25.4 13.0

5560 12 3370 73 98 71 1131 1845 962

87 160 72 54 185 31 166 778

8499 2257 933 1432 1900 224 1098 292 362

0.2 15.9 3.00 39.8 19.00

0.3 1.4 0.0

918 674.9 13.6 11.00 19.3 3.9 1.60 121.1 24.4 8.50 102.9 295.4 100.00

0.0 0.0 0.5 0.0

113.3 5.3 34.2 16.0

1709 1709 1709 1709

861.4 178.2 1709N 2614.0 23.0 3.2 1709H 42.4 322.9 40.4 1709H 603.0 265.9 23.2 1709H 484.0

1248 377.3 193.6 61.5 316.1 69.5 161.6 -2.9 70.9

0.0 0.1 0.6 0.0 0.0 0.2 1.0 0.0

23.6 16.5 3.6 18.9 20.2 22.3 12.0

1709 1709 1709 1709 1709 1709 1709 1709

568.3 210.9 328.6 464.5 58.8 183.3 54.9 91.9

20.5 26.4 2.6 10.1 37.3 6.9 -2.5 93.7

4.00 1.20 0.40 3.00 2.50 5.00

78.7 43.8 38.5 61.4 18.0 16.6 9.8 22.5

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

1709H 1162.6 1709H 447.7 1709H 670.0 1709H 956.3 1709H 113.1 1709H 748.5 1709H 114.6 1709H 190.0

16.7 27.0 95.0

16.9 12.4 43.8 31.8 12.4 25.1 7.1 5.4

37 34/7 859 974/500 13757 47.8 1345/747 10761 24.4

20576 416.05CB 454/353 2607 525.95 593/240 4906 987.20 1099/577 2271 6516.50 7514/5390

6362 1754 2285 5191 1104 3729 912 727

345.80 239.00 97.45 166.70 593.00 159.65 792.95 961.05

Trailing P/E Ratio

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

1421 764 3084 3664 15098 4628 4986 60733 1558 1370 3121 633 952 664 1208 747 4660 1666 1421 32321 1344 1609 2036 1433 67495 1325 638 3537

Entprise Value (` Cr)

Inst. Stake (%)

52.4 18.2 72.3 45.5 174.3 47.3 41.8 691.7 49.6 61.9 22.9 31.4 208.1 25.8 44.5 45.8 9.5 17.8 30.2 366.3 71.0 23.8 54.1 36.9 790.5 10.5 51.3 56.2

52-Week High/Low

Prom. Stake (%)

12.91 0.54 6.83 20.83 21.21 25.38 24.35 37.59 5.70 3.24 11.90 3.23 0.00 52.42 5.23 22.22 19.02 3.92 4.13 20.52 0.47 3.80 11.08 7.81 45.31 5.34 12.34 15.01

(15/12/17)

NP Growth (%)

80 44 0 4 33 91 88 40 0 0 0 54 0 10 17 7 0 0 0 0 0 36 0 0 6 0 52 0

Pledged (%)

NP (` Cr)

45.23 67.36 73.00 53.58 61.89 65.12 57.66 41.62 60.60 59.56 59.83 44.58 0.00 25.26 73.13 36.37 60.09 71.89 50.78 74.99 49.06 63.32 50.09 54.50 31.35 75.00 49.87 48.25

1709 762.2 1709 454.7 1709 139.3 1709 1321.0 1709 3667.8 1709 2607.8 1709 2347.9 1709 14956.0 1709 315.4 1709 400.5 1709 484.0 1709 284.3 1709 94.9 1709 315.7 1709 843.4 1709 285.5 1709 317.6 1709 347.4 1709 340.3 1709 13617.4 1709 533.2 1709 885.3 1709 450.2 1709 167.2 1709 14220.9 1709 251.9 1709 953.6 1709 1301.1

Sales Growth (%)

29 139 61 10 37 73 -28 -36 -80 14 4 360 2 -293 32 -17 -3 7 -6 29 16 90 119 118 -5 -89 556

5.5 3.3 25.3 14.9 20.9 15.5 5.2 5.4 2.2 7.8 12.2 11.0 17.2 9.2 8.8 56.0 6.8 6.9 15.2 9.6

Sales (` Cr)

Year / Months

-538.9 29.3 8.7 124.1 -433.0 91.6 1264.0 54.1 12.1 71.2 19.4 41.6 -753.3 -31.5 14.3 49.8 98.5 73.6 -1340.4 51.2 30.3 64.2 58.2 1800.5 56.1 -185.1 93.7

Sales (` Cr)

6 25 -25 3 13 -5 52 24 -4 32 57 8 38 -3 22 27 -7 35 70 23 31 18 68 39 38 10 18 45

Latest Qtr. Year

1469.1 929.7 280.1 2723.3 7041.4 2347.9 28793.0 650.8 777.7 934.3 602.4 192.1 626.9 1659.1 584.9 612.1 728.7 773.4 25197.0 1006.7 1748.0 837.4 342.2 27191.5 465.8 1889.6 2599.2

-6.1 - -13.4 -22.0 - 2.2 -0.8 0.50 0.0 9.6 1.00 0.7 -10.8 - 1.1 1.3 - 2.7 9.2 - 3.8 14.8 2.25 1.4 35.7 - 0.3 6.6 1.75 0.2 21.7 5.00 0.0 5.7 1.50 0.6 1.0 - 0.1 -86.4 - -5.9 -3.0 - 6.2 2.5 - 0.4 30.9 5.50 0.0 36.4 - 0.3 35.3 6.00 0.6 -6.9 - 1.1 3.6 - 0.4 15.1 1.50 1.1 45.9 2.50 1.6 38.1 11.00 0.0 35.5 10.00 0.6 37.0 - 0.4 -11.6 - 7.8 6.6 0.50 0.8

618 5.3 219.5 393.4

MARKET RELATED DATA

1709H 1709H 1709H 1709H 1709H 1709Q 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

-2 2541 -1463.5 195 1546 -77.4 61 655 -14.5 174 5696 307.7 238 13848 -986.5 38 8311 58.3 37 6890 218.0 99 52290 3576.5 171 1422 155.9 42 1134 90.6 340 1428 145.5 105 1060 32.7 46 283 14.0 -57 1238 -1733.9 30 2697 -41.8 30 988 30.1 254 1412 144.3 332 1026 131.2 205 1178 140.2 87 44452 -2833.2 39 1510 65.2 171 3145 66.2 82 1410 116.1 562 557 58.7 511 47993 3444.6 243 864 97.3 15 3247 -354.9 68 4346 174.6

7612 8 486 119 5093 186 2034

SHAREHOLDINGS

YEAR TO DATE

-296.7 22.6 6.9 60.1 -255.2 27.3 91.6 845.0 26.7 10.9 34.0 9.3 26.3 -353.2 -18.5 7.7 26.8 37.6 37.2 -539.1 25.8 18.5 33.5 27.6 1294.1 35.5 -86.8 -18.5

RONW (%)

DERatio

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

LATEST QTR.

NP (` Cr)

Electrosteel Steels 10 1703 2409.2 Godawari Power & Isp 10 1703 35.2 *Jai Corp Ltd. 1 1703 17.8 Jindal Saw 2 1703 64.0 Jindal St & Pwr 1 1703 91.5 *Jindal Stainless 2 1709 92.0 Jindal Stainless (Hi 2 1706 47.2 JSW Steel 1 1703 241.7 Kalyani Steel 5 1703 21.8 Kirloskar Ferrou 5 1703 68.7 Maha. Seamless 5 1703 33.5 Man Industries I 5 1703 28.6 Mideast Integrated 10 1703 137.9* Monnet Ispat & Energ 10 1703 200.8 Mukand Ltd. 10 1703 141.4 Pennar Industrie 5 1703 60.2 *Ratnamani Metals 2 1703 9.3 Sarda Energy & Miner 10 1703 36.0 Srikalahasthi Pipes 10 1703 39.8 *Steel Authority 10 1703 4130.5 Sunflag Iron 10 1703 180.2 Surya Roshni Ltd 10 1703 43.8 Tata Metaliks 10 1703 25.3 Tata Sponge Iron 10 1703 15.4 Tata Steel 10 1703 971.2 Technocraft Industri 10 1703 26.3 Usha Martin Ltd. 1 1703 30.5 *Welspun Corp 5 1703 132.6 54 LAMINATES IND. COMPOSITE 85 Century Plyboard 1 1703 22.3* Greenlam Industries 5 1703 12.1 Greenply Industr 1 1703 12.3 Rushil Decor Ltd. 10 1703 14.6* Uniply Industries 10 1703 23.9 55 LEATHER IND. COMPOSITE 130 Bata India 5 1703 64.3 Bhartiya Interna 10 1703 12.1 Khadim India 10 1703 18.0 Mirza International 2 1703 24.1 Relaxo Footwears 1 1703 12.0* 56 LOGISTICS IND. COMPOSITE 698 *Aegis Logistics Ltd. 1 1703 33.4 *Allcargo Logistics 2 1703 49.1 *Arshiya 2 1703 31.7 Future Supply Chain 10 1703 40.1* Mahindra Logistics L 10 1703 71.1* Navkar Corporation L 10 1703 150.5 Sical Logistics 10 1703 55.6 Snowman Logistics Lt 10 1703 167.1 TCI Express 2 1703 7.7 VRL Logistics Ltd. 10 1703 91.2 57 LPG BOTTLING/DISTRIBUTION IND. COMPOSITE 262 Confidence Petroleum 1 1703 25.9 Gujarat Gas 10 1703 137.7 Mahanagar Gas 10 1703 98.8 58 LUBRICANTS IND. COMPOSITE 269 *Castrol India 5 1612 247.3 GOCL Corporation 2 1703 9.9 Gulf Oil Lubricants 2 1703 9.9 Tide Water Oil 5 1703 1.7 59 MEDIA - PRINT IND. COMPOSITE 451 DB Corp 10 1703 184.0* Hindustan Media Vent 10 1703 73.4 HT Media 2 1703 46.9* *Jagran Prakashan 2 1703 62.3 MPS Ltd. 10 1703 18.6 Navneet Education 2 1703 46.7 *Repro India Ltd. 10 1703 11.5* Sandesh 10 1703 7.6

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

Updated as on Dec 15, 2017

CMP (`)

Databank

395/341 298/225 109/72 209/161 775/554 194/108 863/381 1026/819

33 19754 31.6 2587 144.4 4796 36.5 2125 23.5 18 6245 17.1 1833 9.6 3207 21.8 5195 17.0 1101 15.7 3871 23.9 1107 609 9.6

DSIJ.in

60 MEDICAL - OTHERS IND. COMPOSITE 44 440 53 Poly Medicure Lt 5 1703 44.1 30 440 53.4 6.1 3.00 0.3 61 METAL - NON-FERROUS IND. COMPOSITE 1426 21384 8428 Gravita India Ltd. 2 1703 13.7 17 534 22.7 3.3 0.60 1.2 Hind. Copper 5 1703 462.6 16 1220 61.9 0.7 - 0.3 Hind. Zinc 2 1703 845.1 73 18798 8316.0 19.7 29.40 0.3 Tin Plate Co. 10 1703 104.7 59 831 27.9 2.7 1.60 0.0 62 MINING/MINERALS IND. COMPOSITE 7914 51632 29084 Ashapura Min. Lt 2 1703 17.4 -30 235 -59.0 -6.8 - -0.2 Coal India Ltd. 10 1703 6207.4 22 290 14500.5 23.4 19.90 0.0 Guj. Mineral Dev 2 1703 63.6 125 1661 324.2 10.2 3.00 0.0 Indian Metal & F 10 1703 27.0 387 1672 249.8 92.6 20.00 0.8 KIOCL 10 1703 634.5 33 870 47.9 0.8 0.37 0.0 MOIL Ltd. 10 1703 266.4* 105 990 305.8 11.5 5.50 0.0 NMDC Ltd. 1 1703 316.4 71 8828 2589.1 8.2 5.15 0.0 Orissa Minerals Deve 1 U1703 0.6 1403 0 6.6 10.9 1.46 0.0 Sandur M & I Ore 10 1703 8.8 477 422 50.3 57.5 5.00 0.0 Vedanta 1 1703 371.7 215 36663 11068.7 29.8 19.45 0.5 63 MISCELLANEOUS IND. COMPOSITE 2733 27692 4977 Adani Ports & Speci 2 1703 414.2 81 4879 3100.6 15.0 1.30 1.1 Cox & Kings L 5 1703 88.3 162 3117 181.3 10.3 1.00 0.4 Dalmia Bharat 2 1703 17.8 156 223 63.4 7.1 - 0.1 Dredging Corpora 10 1703 28.0 543 586 7.4 2.6 - 0.5 Future Consumer 6 1703 1105.7* 7 1645 7.8 0.0 - 0.2 Gateway Distriparks 10 1703 108.7 71 321 51.7 4.8 7.00 0.1 *IFGL Refractories 10 1703 36.0* 132 374 17.4 4.8 - 0.1 Indraprastha Gas Ltd 2 1703 140.0* 42 3815 571.1 8.2 0.34 0.0 Info Edge (India) 10 1703 121.5 163 802 204.4 16.8 4.50 0.0 Jain Irrigation 2 1703 99.3 87 3710 163.8 3.3 0.75 0.3 Linde India 10 1612 85.3 164 1837 9.3 1.1 0.75 0.8 Nirlon 10 1703 90.1 37 279 57.3 6.4 0.75 1.6 Orient Refractories 1 1703 12.0 23 519 68.6 5.7 2.50 0.0 Solar Industries Ind 2 1703 18.1 73 1137 132.6 14.7 5.00 0.3 Sun Pharma Advanced 1 1703 24.7 6 181 -120.3 -4.9 - 0.0 *Syngene Internationa 10 1703 200.0 71 1201 287.3 14.4 1.00 0.6 Talwalkars Better Va 10 1703 29.7 160 257 61.7 20.8 1.50 0.8 Thomas Cook (I) 1 1703 36.7* 32 1716 -8.4 -0.2 0.38 0.3 Vesuvius India 10 1612 20.3 280 822 87.1 42.9 6.50 0.0 Wonderla Holidays Lt 10 1703 56.5 77 270 33.1 5.9 1.00 0.0 64 MOBILE PHONE SERVICE PROVIDER IND. COMPOSITE 9949 117884 -17107 Bharti Airtel 5 1703 1998.7 253 62276 -9925.6 -24.8 1.00 0.6 Idea Cellular Ltd. 10 1703 3607.4* 66 35279 -831.1 -2.3 - 2.2 MTNL 10 1703 630.0 -53 2870 -2941.1 -46.7 - -4.4 Reliance Com 5 1703 1382.8 88 8823 -1796.0 -6.5 - 1.1 Tata Communications 10 1703 285.0 325 5068 689.8 24.2 6.00 0.1 Tata Teleservices (M 10 1703 1954.9 -30 2703 -2356.5 -12.1 - -2.4 Tejas Networks 10 1703 90.1* 57 865 53.2 5.9 - 0.5 66 OIL DRILLING AND EXPLO RATION IND. COMPOSITE 9068 136590 23274 Aban Offshore 2 1703 11.7 700 887 211.1 36.2 - 0.2 *Asian Oilfield S 10 1703 29.5 21 43 0.5 0.2 - 0.9 Deep Industries 10 1703 32.0 118 277 74.0 23.1 1.80 0.7 GAIL (India) Ltd. 10 1703 1691.3 226 48149 3502.9 20.7 11.20 0.1 Hind. Oil Explor 10 1703 130.5 25 25 36.4 2.8 - 0.0 Oil India Ltd. 10 1703 756.6 384 9510 1548.7 20.5 9.50 0.3 ONGC 5 1703 6416.6 145 77698 17900.0 13.9 6.05 0.0 67 PACKAGING IND. COMPOSITE 363 13619 772 Cosmo Films 10 1703 19.5* 313 1458 111.6 57.2 10.00 0.9 Essel Propack Ltd. 2 1703 31.4 40 795 65.1 4.1 2.40 0.3 *Everest Kanto Cylind 2 1703 22.4 13 244 71.8 6.4 - 1.4 Huhtamaki PPL 2 1612 15.1 62 2178 85.1 11.3 3.00 0.9 Jindal Poly Films 10 1703 43.8 419 2464 113.6 25.9 1.00 0.3 Max Ventures and Ind 10 1703 72.6 42 12 -6.3 -0.9 - 0.2 *Oricon Enterprises L 2 1703 31.4 31 38 6.2 0.4 0.46 0.2 Polyplex Corpn. 10 1703 32.0 143 946 36.4 11.4 7.00 0.3 Time Technoplast Ltd 1 1703 22.6 51 1596 94.9 4.2 0.65 0.4 Uflex Ltd. 10 1703 72.2 283 3887 193.5 26.8 3.50 0.5 DSIJ.in

20.4 1709

19.6 4.2 27.0 4.5

134.9

242.3

30.6

22 48.75

5.60

6.3

32 11.9 125 38.8 48 4421.0 100 31.9

19 789 50 158

72.81 76.05 64.92 74.95

0 1.99 14.1 1041 0 18.35 85.0 8443 0 3.85 102.6 123569 0 2.33 49.9 2642

1709 49.2 1709 33.0 1709 370.3 1709 416.0 1709 451.4 1709 286.7 1709 2421.3 1709 0.0 1709 143.7 1709 10375.0

1709H 111.3 1709H 116.2 1709H 978.7 1709H 838.7 1709H 729.1 1709H 626.1 1709H 5262.9 1709H 0.0 1709H 268.3 1709H 19303.0

-19 -24.3 11 151.1 53 256.0 31 107.3 455 8.5 64 190.4 52 1813.5 -100 0.6 63 46.6 31 505.0

-20 -86 36 797 603 115 22 -86 298 228

45.10 78.85 74.00 58.87 98.99 65.57 74.94 50.01 72.42 50.22

0 0 0 0 0 0 0 0 0 0

18.4 6.3 4.5 0.5 0.6 6.7 3.7 19.5 10.3 3.8 0.7 3.8 25.1 20.1 20.3 13.0 15.3 7.6

1709 1526.7 681.9 1709H 3172.2 1709 581.3 47.4 1709H 1500.4 1709 54.7 43.7 1709H 113.6 1709 161.3 18.6 1709H 319.2 1709 616.0 8.6 1709H 1133.3 1709 80.2 7.7 1709H 161.1 1709 109.4 6.7 1709H 211.4 1709 1126.1 168.9 1709H 2175.3 1709 225.2 78.5 1709H 447.7 1709 768.3 16.0 1709H 1693.2 1709 507.0 10.2 1709N 1514.9 1709 70.7 14.2 1709H 142.4 1709 148.4 20.1 1709H 290.1 1709 251.9 24.0 1709H 567.0 1709 15.4 -62.6 1709H 38.8 1709 335.2 76.9 1709H 626.3 1709 92.7 34.5 1709H 143.6 1709 447.8 -2.8 1709H 1236.4 1709 214.3 22.5 1709N 682.3 1709 49.4 2.3 1709H 151.7

35 1181.5 -22 135.8 2 60.4 5 22.6 42 14.8 -2 19.7 23 12.8 17 330.1 10 142.8 3 56.9 15 9.4 5 33.3 10 36.4 5 62.1 -67 -141.4 8 138.9 10 41.4 8 23.0 12 73.1 9 28.3

-22 9 64 318 515 -0 57 13 15 42 3698 16 6 3 -553 3 26 -4 8 11

63.34 51.26 58.04 74.38 44.78 26.00 45.00 41.88 28.46 74.99 71.57 69.61 73.14 66.93 74.50 34.95 67.63 55.56 70.98

25 53 0 0 52 27 0 0 0 15 0 0 0 0 2 0 32 0 0 0

7.5 10.3

1709 13980.1 494.5 1709 7349.1 -1236.8 1709 642.2 -730.6 1709 1275.0 -1877.0 1709 1253.8 -128.6 1706 553.1 -481.4 1709 216.1 27.5

-13 -18 -12 -38 3 -25 21

5.2 0.8 19.6 9.2 11.0 5.3 9.6

18.3 10.5 48.4 18.0 6.2 1.3 8.0 8.2 9.5

-10.2 118.9 113.0 7.4 2.4 92.7 844.3 0.6 28.1 471.0

23.11 17.46 15.60 6.25 0.79 19.26 21.03 19.16 0.93 31.03

151.55 91.25 292.45 252.40

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

CMP (`)

2415 273.70XB

1709 164.3 6.4 1709H 304.1 1709 459.5 28.6 1709H 830.1 1709 5309.0 2545.0 1709H 9885.0 1709 440.0 17.8 1709H 676.0

104.2 8.2 23.9 2.3 10.9 11.5 0.8 12.0 13.9

(15/12/17)

MARKET RELATED DATA Market Cap (` Cr)

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

Inst. Stake (%)

Pledged (%)

NP Growth (%)

NP (` Cr)

Sales Growth (%)

Sales (` Cr)

Year / Months

18.6 1709H

Prom. Stake (%)

SHAREHOLDINGS

YEAR TO DATE

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

LATEST QTR.

DERatio

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

46 320/187 2468 41.0 16 172/39 1178 42.4 111/55 8860 87.7 333/227 123097 12.6 306/73 2632 55.7

12 20.4 776 89.20 104/47 823 707.8 168252 271.05 332/234 167330 12.4 62.5 5134 161.45 181/89 5112 13.1 45.4 1656 613.95 823/385 2443 4.8 2.9 21834 344.10 506/84 19989 273.0 6274 235.55XB 286/148 4183 15.4 232.8 41336 130.65 153/103 36047 14.2 18.4 1171 1950.90 2504/1616 371 373.8 8.5 1105 1263.05 1298/541 1085 13.0 496.7 110772 298.00 347/205 145916 8.6

32.28 275.3 38.81 28.4 22.17 24.7 10.85 48.6 17.66 93.6 64.50 33.8 0.00 38.71 62.3 46.78 15.0 43.81 147.3 14.49 22.9 10.23 39.1 10.37 14.9 21.88 11.8 8.39 77.6 17.50 50.7 19.01 21.7 20.62 46.7 23.29 12.8 17.15 26.7

83242 4306 28378 1829 12476 2592 1157 22376 15046 5582 4139 1938 1941 10546 11015 10793 908 8785 2443 2034

41 401.95 443/257 100384 29.2 243.85 306/167 5061 22.4 3189.80 3349/1186 28573 326.3 653.30 788/376 2459 45.3 67.70 70/19 12721 238.35 292/211 2661 50.2 321.15 354/294 1220 319.65 337/170 21767 36.7 1238.20 1340/796 14756 67.5 112.45 124/80 6541 30.9 485.30 555/344 5122 223.6 215.10 250/176 2450 31.4 161.60 173/110 1831 27.4 1165.45 1225/655 10716 78.3 446.15 474/273 10948 539.65 617/430 11053 37.0 305.60 333/209 1187 12.9 239.40 258/178 8528 1203.70 1486/1001 2244 26.4 360.00 405/330 2040 56.6

518.95 93.95 20.25 11.86 687.50 7.01 394.40

30 565/289 264226 124/67 85532 28/17 16110 41/10 29194 784/570 20229 114.5 11/4 15617 434/257 3712 -

1709 127.8 15.0 1709H 290.4 1709 0.4 -6.7 1709H 19.7 1709 73.6 18.0 1709H 146.7 1709 12409.7 1309.6 1709H 23816.5 1709 8.4 5.6 1709H 12.1 1709 2473.7 646.0 1709H 4805.5 1709 18964.8 5130.7 1709H 38038.4

-41 43.7 -71 45.99 22 4.97 148.1 1123 192.35 59 -5.7 -5820 62.67 29 0.25 10.3 640 217.10 11 39.0 18 63.49 0 7.20 16.7 664 207.60 6 2335.3 3 54.43 0 32.56 173.3 82180 485.90XB 5 8.5 -62 0.00 0 6.27 74.6 1731 132.65 6 1096.2 2 66.13 0 17.65 125.3 26916 355.75XB 5 9015.5 -2 68.07 0 18.05 685.1 234656 182.85XB

15 260/161 1589 11.0 250/105 684 344/192 911 8.3 503/308 83843 23.0 142/61 1697 76.9 383/258 29321 17.1 212/155 225145 13.3

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

24 -6 11 64 15 160 3 9 12 2

469/319 317/226 78/30 387/201 476/300 114/57 72/48 585/340 218/85 495/248

458.8 220.1 73.2 546.4 726.6 7.9 10.1 251.0 424.4 900.1

24.7 20.1 -2.4 19.1 34.5 2.3 4.7 13.5 24.9 37.0

1709H 1709H 1709H 1709H 1709H 1706Q 1709H

28486.6 15403.2 1299.4 2918.0 2545.4 553.1 416.2

1709H 886.2 1709H 423.4 1709H 136.6 1709N 1569.0 1709H 1402.1 1709H 15.1 1709H 23.8 1709H 512.1 1709H 802.8 1709H 1827.1

775.1 -84 67.13 0 26.27 178.9 207445 -2159.6 -1936 42.38 0 35.03 281.3 33891 -1433.8 4 56.25 0 21.57 133.7 1276 -2840.0 -100 52.96 61 17.02 1607.9 3280 -46.7 -110 74.99 3 18.58 57.1 19594 -481.4 -345 74.35 35 0.62 365.2 1370 47.7 379 0.00 0 30.51 18.8 3553

39.5 37.5 -10.9 42.7 46.5 62.3 10.7 26.9 43.0 79.3

-27 3 10 28 -42 3387 237 39 16 -25

43.00 0 4.51 57.16 0 19.77 66.16 45 2.78 66.21 0 6.53 74.54 0 5.06 38.09 0 27.37 65.68 0 8.18 50.02 0 10.09 52.54 9 28.50 44.01 0 14.43

28.8 32.8 41.1 16.4 45.8 39.5 16.6 13.0 21.3 46.3

677 4400 744 2682 1741 687 853 1787 4617 3369

347.40 279.80 66.30 355.10 397.60 94.50 54.30 558.85 204.15 466.60

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

26 1185 7.0 4568 66.4 950 10.2 3059 57.8 2303 21.9 742 925 1936 40.7 5102 45.9 4382 20.2

Updated Information

68 PAINTS/VARNISHES IND. COMPOSITE 294 Akzo Nobel India Ltd 10 1703 46.7 Asian Paints Ltd. 1 1703 95.9 Berger Paints I 1 1703 97.1 Kansai Nerolac Paint 1 1703 53.9 69 PAPER IND. COMPOSITE 667 Ballarpur Ind. 2 1703 258.7 Emami Paper Mill 2 1703 12.1 International Paper 10 1703 39.8 JK Paper Ltd. 10 1703 172.8 Kuantum Papers 10 1703 8.7 Kushal L 2 1703 47.5 N R Agarwal Indu 10 1703 17.0 Seshasayee Paper 10 1703 12.6 Shrenik L 10 1703 15.0 T Nadu Newsprint 10 1703 69.2 West Coast Paper 2 1703 13.2 70 PESTICIDES/AGRO CHEMICALS IND. COMPOSITE 384 Astec Lifesciences L 10 1703 19.5* BayerCropscience 10 1703 34.3 Bharat Rasayan 10 1703 4.2 Dhanuka Agritech Ltd 2 1703 9.8 Excel Crop Care Ltd. 5 1703 5.5 Excel Industries 5 1703 6.9* Insecticides (India) 10 1703 20.7 Meghmani Organics Lt 1 1703 25.4 Monsanto India 10 1703 17.3 NACL Industries L 1 1703 15.6* PI Industries 1 1703 13.8* Rallis India 1 1703 19.4 Sharda Cropchem 10 1703 90.2 UPL 2 1703 101.6 71 PETROCHEM IND. COMPOSITE 2561 Bhansali Engg.Po 1 1703 16.6 DCW Ltd. 2 1703 44.2 Finolex Industri 10 1703 124.1 Goa Carbons 10 1703 9.2 GujaratStatePetronet 10 1703 563.8 INEOS Styrolution 10 1703 17.6 NOCIL Ltd. 10 1709 164.4* PetronetLNG 10 1703 1500.0* Sheela Foam 5 1703 24.4 Supreme Petroche 10 1703 96.5 72 PHARMACEUTICALS IND. COMPOSITE 2496 Aarti Drugs Ltd 10 1703 23.9 *Abbott India Ltd. 10 1703 21.2 Ajanta Pharma Lt 2 1703 17.6 Alembic Ltd. 2 1703 53.4 Alembic Pharmaceutic 2 1703 37.7 Alkem Laboratories 2 1703 23.9 Amrutanjan Health Ca 2 1703 2.9 Artemis Global Life 2 1703 13.2 AstraZeneca Pharma I 2 1703 5.0 Aurobindo Pharma 1 1703 58.6 Biocon 5 1703 300.0* *Bliss GVS Pharma 1 1703 10.3 Cadila Healthcar 1 1703 102.4 *Caplin Point Lab 2 1703 15.1 Cipla 2 1703 161.0* Claris Lifesciences 10 1703 54.6 *Dishman Carbogen Amc 2 1703 32.3 Divi’s Lab 2 1703 53.1 Dr. Reddy’s Labs 5 1703 82.9* Eris Lifesciences 1 1703 13.8 FDC Ltd. 1 1703 17.8 GlaxoSmithKline Phar 10 1703 84.7 Glenmark Pharma 1 1703 28.2 Granules India L 1 1703 25.4* Gufic BioSciences Lt 1 1703 7.7 Hester Biosciences L 10 1703 8.5 Hikal Ltd. 2 1703 16.4

23593 3002 216 2825 247.0 72 12647 1803.1 20 4122 446.4 52 3999 505.9

0.0 0.0 0.1 0.0

24.5 25.9 23.2 18.0

1709 704.5 38.8 1709H 1709 3602.2 473.4 1709H 1709 1136.4 108.3 1709H 1709 1164.4 144.6 1709H

10 68 121 77 239 4 97 436 19 246 97

13507 471 215 -470.5 -3.6 1138 25.9 4.3 1.20 1208 31.3 7.9 2629 162.8 9.4 1.50 610 60.9 69.8 2.00 384 63.8 2.7 2.10 1041 70.2 41.3 1135 128.8 102.1 10.00 428 4.2 2.8 2950 264.6 38.2 7.50 1769 128.5 19.5 2.50

1.9 2.6 0.5 1.1 1.1 0.0 1.6 0.2 3.1 1.4 0.6

6.3 6.5 12.2 9.8 70.4 42.7 23.4 15.1 15.5 20.1

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

-98.7 0.5 5.8 56.6 15.8 2.1 18.6 26.3 -13.2 47.8

1709H 108.4 1709H 592.8 1709H 596.0 1709H 1303.6 1709H 340.4 1709H 289.6 1709H 553.2 1709H 465.9 1709H 1099.5 1709H 808.1

71 599 472 106 395 177 226 25 307 14 117 58 99 151

21277 298 2803 621 873 963 445 1107 1046 641 734 2276 1400 1129 6939

0.9 0.0 0.6 0.0 0.0 0.2 0.5 0.5 0.0 0.9 0.1 0.0 0.0 0.1

13.8 14.2 27.1 23.0 16.3 18.4 12.4 6.5 27.9 16.4 28.4 23.6 21.2 3.2

1709 95.9 6.7 1709 1232.0 190.6 1709 244.1 24.1 1709 347.3 52.8 1709 384.8 45.2 1709 130.0 11.0 1709 416.5 36.1 1709 343.4 28.8 1709 96.0 -6.4 1709 306.8 7.2 1709 561.1 80.3 1709 548.5 82.0 1709 221.6 14.3 1709 1971.0 435.0

1709H 164.9 1709H 1930.0 1709H 413.2 1709H 556.0 1709H 681.0 1709H 252.0 1709H 728.4 1709H 650.5 1709H 331.5 1709H 469.2 1709H 1114.3 1709H 792.1 1709H 494.6 1709H 3685.0

0.0 1.0 0.0 2.0 0.1 0.4 0.0 0.2 0.0 0.0

21.9 3.1 15.4 12.0 11.0 11.8 20.2 21.1 26.2 30.8

19429 74.2 31.1 1.00 1.0 276.6 130.2 40.00 0.0 499.8 56.8 13.00 0.0 27.5 1.0 0.20 0.0 430.6 22.8 4.00 0.0 883.2 73.9 15.00 0.1 21.4 14.6 3.85 0.0 0.1 0.0 - 0.0 24.4 9.8 - 0.0 1706.8 29.1 2.50 0.3 519.3 8.7 0.33 0.0 62.6 6.1 0.60 0.1 661.9 6.5 3.20 0.4 70.9 9.4 1.50 0.0 974.9 12.1 2.00 0.0 11.6 2.1 2.00 0.0 24.2 1.5 - -10.2 1053.3 39.7 10.00 0.0 1384.1 83.4 20.00 0.2 242.6 17.6 - 0.0 187.1 10.5 2.25 0.0 336.8 39.8 50.00 0.0 2140.6 75.9 2.00 0.3 142.8 5.6 0.25 0.7 11.4 1.5 0.05 1.2 24.8 29.2 5.30 0.3 66.8 8.1 1.20 0.9

18.7 19.9 33.2 7.5 23.1 20.1 16.9 0.1 13.5 20.2 14.4 12.7 10.0 35.5 7.6 1.6 19.5 11.9 44.3 14.8 16.6 22.7 16.1 25.4 20.7 10.8

37313 3098 10 626 34.8 30 1176 20.1 185 2988 352.2 86 291 9.4 80 1028 496.6 334 1482 69.3 36 742 120.1 54 24616 1705.7 86 1446 110.5 60 2919 179.4 130541 167 1092 653 2903 171 1823 14 144 99 2986 367 4548 87 222 24 0 72 540 144 9607 60 2588 48 349 65 3231 26 344 159 10975 136 21 -0 451 204 4024 699 9720 40 688 71 1009 239 2995 334 8096 35 1349 6 249 141 123 65 1014

2.1 0.20 0.9 28.4 11.50 10.3 4.50 8.8 1.50 39.4 4.00 7.3 1.80 11.4 1.25 22.6 18.6 1.20

-28 -165.2 6 3.1 5 29.6 -4 116.7 16 33.8 107 18.5 10 40.0 -10 48.0 -23 -102.3 -5 101.5

50 -86 620 65 32 690 53 -12 -173 151

25.05 100 39.91 74.97 0 0.00 74.99 0 3.42 49.94 0 16.48 70.30 19 0.00 65.53 0 0.57 73.21 100 0.09 42.65 0 10.63 - 0 0.00 35.31 0 38.21 55.93 0 16.45

80.5 2.1 13.6 32.5 14.7 28.3 8.5 13.1 29.9 20.2

10.7 302.3 39.7 69.0 69.1 18.9 66.6 47.9 48.1 9.0 180.5 83.1 47.6 510.0

-28 4 28 1 11 -1 42 143 -16 -3 -21 -58 -13 38

66.78 0 3.50 68.69 0 18.80 74.79 0 0.00 75.00 0 10.87 64.96 0 9.67 52.38 0 7.80 68.74 0 16.18 47.67 0 4.50 72.14 0 6.96 74.70 40 2.03 51.54 0 33.03 50.09 0 17.87 74.77 0 20.22 27.84 0 51.45

12.2 46.0 4.4 21.1 10.6 13.2 9.9 75.6 19.4 10.9 40.6 46.6 18.2 72.3

1709 247.9 25.1 1709H 472.0 1709 273.5 -8.9 1709H 564.3 1709 475.3 28.3 1709H 1205.9 1709 150.6 13.8 1709H 229.0 1709 349.3 177.0 1709H 660.2 1709 482.6 17.0 1709H 931.8 1709 227.6 38.1 1709 7770.2 588.8 1709H 14205.3 1709 408.5 31.4 1709H 755.8 1709 707.5 36.7 1709H 1414.0

52 42.0 -3 -27.0 7 108.0 60 19.5 28 329.5 20 19.7 18 19 1026.4 18 58.4 4 47.0

152 -368 -28 259 31 -42 23 1 -37

54.24 56 2.97 40.5 47.68 0 9.39 53.3 52.47 0 12.92 125.4 59.71 0 0.22 17.6 37.65 0 36.30 121.7 74.99 0 5.76 14.1 36.84 19 8.71 123.7 49.99 0 34.57 300.6 85.67 0 11.25 5.0 60.84 0 1.68 49.2

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

-7 28.6 -24 62.48 0 5.16 12 185.8 25 74.98 0 9.14 -3 184.4 -16 70.70 10 17.62 -21 31.6 32 63.52 0 1.68 -11 172.8 -26 72.67 0 14.13 8 442.9 -19 67.01 0 6.38 -2 7.6 -24 50.05 0 5.54 0 -0.1 -177 69.82 0 0.90 5 33.2 192 75.00 0 8.77 9 1060.2 31 51.87 2 34.13 -10 122.9 -42 60.66 0 19.22 -13 26.3 -23 60.16 0 7.72 18 541.2 97 74.79 0 17.19 34 57.1 83 69.06 0 5.67 3 825.2 36 36.72 0 36.94 -91 1693.7 18728 50.13 33 27.55 5 13.9 83 61.40 0 20.79 -15 383.3 -27 52.07 0 32.45 -9 93.4 -87 26.76 1 43.14 2 162.2 26 55.93 0 18.61 -1 94.1 -19 68.89 0 13.68 -4 156.7 -8 74.99 0 12.32 -16 598.7 -44 46.52 0 38.55 11 71.1 3 48.17 78 21.41 13 9.2 77 69.97 0 8.88 13 15.0 26 54.08 0 2.02 22 28.6 9 68.76 0 12.26

18.0 137.5 107.7 28.2 122.1 330.8 9.1 -0.2 27.4 752.8 68.4 16.0 449.8 32.7 566.2 1693.7 22.4 206.8 100.7 92.3 64.9 130.3 327.9 35.6 6.7 8.9 15.3

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

517.3 1637.1 867.1 62.1 1352.1 2695.2 88.3 0.2 291.7 5262.1 1179.0 140.9 2781.0 216.7 5749.5 4.3 223.5 1711.4 4344.0 384.3 541.4 1443.3 3207.6 760.7 135.1 67.5 555.0

3 0 15 9 24 2 -6 10 -2 13 -6 4 17 5

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

(15/12/17)

CMP (`)

Market Cap (` Cr)

Inst. Stake (%)

Pledged (%)

Prom. Stake (%)

NP Growth (%)

NP (` Cr)

-24 -7 -23 7

288.2 931.0 469.1 32.5 762.0 1568.0 56.3 0.1 164.3 3073.9 604.7 73.9 1738.3 114.8 3065.3 2.7 129.4 890.2 2254.3 222.1 304.6 836.3 1659.8 373.5 74.8 38.5 292.3

2 -2 11 14

MARKET RELATED DATA

56 72.96 0 10.48 46.5 8578 1838.45 2095/1328 8546 38.8 52.79 14 26.08 192.8 107425 1119.95 1261/850 107257 61.7 74.99 0 14.12 77.3 24309 250.35XB 286/190 24396 63.3 74.98 0 15.25 40.8 27447 509.30 529/314 26990 52.2

80.1 874.4 213.4 285.4

40.9 314.5 285.0 671.5 170.7 193.4 276.6 227.3 536.0 421.5

1419.4 6805.1 2285.6 2338.0

Sales Growth (%)

Sales (` Cr)

52.9 22.00 18.8 10.30 4.6 1.75 9.4 3.00

2040 19.1 9.8 1.50 291.0 84.8 17.00 54.4 128.1 1.50 119.4 24.3 0.60 70.7 64.3 11.50 44.6 32.5 6.00 58.1 28.1 2.00 41.5 1.6 0.40 147.5 85.5 30.00 36.2 2.3 0.13 457.4 33.2 4.00 266.0 13.7 3.75 188.7 20.9 4.00 245.0 4.8 7.00

SHAREHOLDINGS

YEAR TO DATE Year / Months

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

LATEST QTR.

DERatio

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

Updated as on Dec 15, 2017

No. of Shareholder (in’ 000)

Databank

16.0 23.2 40.9 59.2 50.7 70.0 17.4 7.1 14.8 189.9 151.6 15.2 80.8 26.4 208.1 17.9 61.0 92.2 138.5 53.1 25.9 99.8 136.7 75.6 15.0 6.7 13.5

23/11 203/95 376/272 142/83 912/382 306/106 496/191 949/650 429/42 451/289 316/124

15 4168 2092 149.5 1459 18.5 3663 10.8 914 10.8 3387 142.3 1026 9.1 1203 9.0 716 5395 136.6 2223 9.9

533.35 4024.55 3635.95 696.15 1998.20 609.10 768.35 106.20 2461.40 43.60 937.85 236.60 460.45 719.15

695/475 5050/3685 3999/1530 940/631 2120/1600 699/325 966/468 129/36 2980/2230 53/20 989/674 265/188 568/420 902/606

44 1164 70.0 12979 45.6 1656 24.5 3420 28.5 2188 28.3 892 18.9 1800 20.4 3003 38.8 4239 30.8 871 19.0 12895 31.6 4618 30.8 4070 22.8 37261 94.8

2785 167.85 883 39.95 7912 637.60 738 806.65 11523 204.40 1893 1076.65 2860 174.00 37193 247.95XB 8391 1720.00 3606 373.70

200/21 55/28 753/423 1029/99 223/119 1169/568 193/63 275/172 1850/902 447/181

25 2768 46.3 1543 7990 26.1 809 31.4 11222 20.0 2086 34.5 2752 23.1 38315 19.6 8199 75.5 3513 23.7

1832 14.16 1114 184.15 1231 309.65 2263 131.00 744 852.05 3394 143.05XB 768 451.30 1099 871.55 630 420.20 3021 436.55 1869 282.95

1042 13818 1545 3417 2199 836 1588 2701 4249 681 12934 4601 4154 36536

29 1316 551.70 656/456 1729 20.1 11528 5424.90 5707/3996 10437 36.8 12654 1437.75 1870/1106 12651 27.3 1146 42.90 52/34 1143 32.6 9846 522.30 709/470 9845 26.6 25149 2103.35 2238/1535 25318 32.3 861 589.05 790/511 816 42.2 786 118.80 159/100 786 2809 1123.50 1278/883 2694 60.7 39090 667.20 809/504 41927 20.0 31218 520.30XB 530/294 31009 72.5 2089 202.55 210/129 2052 38.0 42004 410.30 558/330 44772 39.4 4821 637.90 784/285 4745 49.8 46357 575.90 663/479 46623 38.9 1906 349.35 430/291 1901 1.1 4791 296.85 368/275 5152 156.8 27882 1050.30 1181/533 27851 30.6 39348 2372.00 3204/1902 41637 52.1 10789 784.65 831/511 10787 3726 209.55 233/164 3704 22.6 20079 2370.55 2795/2309 19941 62.3 15155 537.10 973/529 17681 9.1 3221 126.90 157/98 3780 22.2 807 104.30 109/49 855 48.9 1130 1328.40 1482/693 1154 40.5 1868 227.25 265/191 2310 27.0 DSIJ.in

DSIJ.in

Trailing P/E Ratio

Entprise Value (` Cr)

52-Week High/Low

274.95 565.20 295.50 680.60 524.25 859.90 35.45 612.00 1211.35 25.05 1020.60 32.30 861.95 625.35 227.25 1995.70 2772.30 481.80 4603.50 99.10 629.40 101.30 789.80 518.20 184.55 1342.95 833.75 305.95 110.05 772.55

314/179 2722 75.5 656/400 7644 44.0 368/255 2511 16.5 879/552 12328 95.7 634/453 6269 25.6 1572/807 39284 18.1 58/35 1522 682/215 691 84.0 1320/933 1731 23.7 29/15 1121 1080/556 17985 31.8 44/24 1506 12.9 1680/856 947 44.5 758/579 944 35.8 302/110 2157 2084/1625 7609 30.6 3083/1444 55475 181.3 538/294 835 112.6 4930/3901 10044 35.3 151/96 2490 787/537 5183 34.7 121/67 978 18.7 1259/754 8390 98.0 728/433 128983 230/155 2401 18.7 1572/1144 24856 38.5 950/685 588 51.6 350/234 2773 26.5 153/84 1382 6.6 788/532 10162 -

1.60 1.00 3.00 1.50 7.50 0.05 11.00 6.00 0.05 10.00 20.00 21.00 2.80 68.00 0.60 0.20 4.50 3.50 1.00 14.00 5.00 3.00 0.40 10.00

0.4 0.2 0.0 0.8 0.5 0.0 0.2 0.6 0.0 0.5 0.1 0.8 0.9 0.0 2.1 0.0 0.5 0.3 0.0 0.1 0.2 0.5 0.4 0.2 0.1 0.5 0.2 0.0 1.0 1.6

11.9 7.6 12.5 3.9 14.9 21.3 2.9 19.4 11.8 9.9 29.1 5.5 15.0 6.2 13.9 5.4 13.3 17.1 13.2 13.6 3.4 16.9 19.2 12.8 9.2 24.1 11.2

1709 284.8 19.8 1709H 493.8 1709 864.3 96.5 1709H 1577.3 1709 349.9 51.7 1709H 633.8 1709 734.3 56.9 1709H 1408.1 1709 533.5 52.8 1709H 1006.5 1709 2580.0 388.9 1709H 5079.3 1709 75.4 1.3 1709H 127.8 1709 27.9 2.7 1709H 53.9 1709 312.7 31.7 1709N 799.8 1709 138.2 10.4 1709H 261.0 1709 408.4 87.4 1709H 822.0 1709 433.3 18.9 1709H 751.1 1709 125.9 2.6 1709H 241.6 1709 167.7 26.1 1709H 282.5 1709 152.6 -5.6 1709H 256.8 1709 571.1 111.2 1709H 992.0 1709 802.3 150.7 1709H 1414.6 1709 89.5 6.3 1709H 164.8 1709 667.5 116.3 1709N 1821.0 1709 109.6 12.2 1709H 217.7 1709 193.9 48.2 1709H 352.0 1709 127.3 9.4 1709H 259.9 1709 588.5 12.6 1709H 1125.6 1709 1823.8 577.0 1709H 3619.2 1709 106.9 31.7 1709H 247.9 1709 1026.0 158.0 1709H 1873.0 1709 142.8 7.9 1709H 268.2 1709 428.1 45.8 1709H 738.2 1709 61.1 1.8 1709H 127.5 1709 588.9 25.3 1709H 1028.8

-8 -8 5 21 7 -22 23 34 7 1 5 -2 -19 -18 -2 -8 -37 -1 2 22 -0 -20 9 -5 -0 -21 -7 5 -9 -15

-2.0 -105 58.85 0 76.2 -26 46.13 0 72.1 -24 55.85 0 79.2 76 54.02 16 95.4 18 30.56 0 743.0 -57 46.80 0 2.5 -23 48.24 0 5.2 127 46.86 32 66.6 16 51.80 0 12.3 12 34.54 0 184.8 53 51.18 0 29.3 3 44.35 24 4.9 -76 51.68 4 33.1 -20 73.40 0 -53.6 -70 74.59 35 168.3 -18 63.92 0 192.3 -73 51.40 0 6.7 -67 69.21 0 250.0 1 60.39 0 17.7 792 57.23 29 76.1 33 54.74 5 18.6 -9 67.99 11 21.5 -63 31.11 17 -711.4 -2250 54.38 3 61.3 4 60.00 0 242.0 -52 71.24 0 3.4 -67 65.41 0 47.3 2 50.05 0 4.2 8 36.04 88 -76.3 -147 74.15 0

-0.5 7.4 15.3 2.8 7.5 4.4

1.00 3.50 4.50 0.25 1.75 2.35

0.9 0.2 0.0 0.4 0.1 0.0

18.1 11.4 1.8 15.5 7.3

1709 1709 1709 1709 1709 1709

-21 45 14 7 -11 5

-12.7 46.3 77.4 141.9 48.7 272.7

7 37 23 24 -18 71

65.90 28 7.85 18.6 45.01 0 28.69 15.1 74.00 0 0.01 14.8 49.89 29 32.16 59.5 57.48 0 6.73 73.2 34.45 5 33.23 189.9

10186 4103 973 2200 2969 18107

8.9 0.50 9.8 17.6 1.00 9.7 3.60 10.5 79.4 11.00 17.1 3.00 0.8 0.10 4.4 0.08 19.1 5.00 -0.0 29.9 15.00 5.4 2.40 40.5 7.00

0.1 0.3 0.0 0.3 0.0 0.1 0.2 0.4 0.4 0.5 0.0 0.1 0.0 0.0

12.8 8.9 20.5 18.7 20.7 17.0 10.3 3.4 9.7 15.0 24.4 19.0 18.5

1709 400.2 1709 139.9 1709 137.8 1709 77.0 1709 27.5 1709 464.7 1709 97.5 1709 179.1 1709 88.2 1709 78.8 1709 3.6 1709 1055.1 1709 309.2 1709 96.9

26.6 5.1 22.5 8.2 5.1 27.8 9.2 1.5 3.5 6.4 0.4 69.6 24.2 10.0

1709H 700.2 1709H 266.3 1709H 278.7 1709H 165.9 1709H 52.6 1709H 952.3 1709H 179.6 1709H 572.7 1709H 192.6 1709H 148.3 1709H 6.3 1709H 2216.6 1709H 709.0 1709H 187.2

7 33 1 4 27 2 10 -38 16 19 7 7 6

43.9 8.6 48.2 16.2 9.0 50.2 15.1 4.3 6.8 10.8 2.5 144.7 62.1 19.3

16 28 11 12 46 -13 71 -66 113 49 -9 37 -15

58.50 0 25.40 16.4 74.99 0 6.59 8.9 61.19 0 17.26 22.5 35.81 0 19.78 15.7 75.00 0 0.89 8.0 64.08 0 13.34 20.5 63.60 0 1.21 16.3 59.51 0 8.20 2.6 57.80 0 25.84 3.4 54.09 0 8.71 3.1 29.37 51 29.36 237.0 49.70 0 28.96 36.9 52.50 0 20.87 43.7 69.87 0 8.80 6.9

42 10050 839.15 852/368 10159 89.2 996 822.55 900/615 934 72.7 2282 498.50 520/315 2268 26.7 869 313.50 350/162 908 30.2 727 575.95 610/262 699 45.0 2739 1835.70 2275/1225 2816 24.8 775 553.30 598/150 815 25.6 1049 39.30 107/35 1286 1214 545.75 639/180 1252 91.2 791 950.95 1045/490 841 40.7 4411 74.70 137/74 4411 14926 1175.00 1250/844 15078 40.9 4902 346.85 393/112 4892 52.8 1742 1451.30XB 1690/1260 1728 38.5

-15.7 2.0 65.1 10.00 15.2 2.70 -1.7 0.4 0.05 -1.3 1.2 0.50 2.7 1.80 15.5 7.34 11.4 4.78 -1.5 9.8 3.00 -1.1 49.0 9.00 0.2 3.7 2.75 1.0 1.30 9.0 2.20

5.4 0.7 0.4 0.1 0.0 0.8 1.0 0.3 0.7 0.4 1.0 0.1 0.2 1.5 0.6 0.4 0.2 0.8 1.2

8.7 6.5 10.3 3.8 2.3 10.4 19.4 9.8 9.4 6.1 0.4 13.4 1.9 6.3

1709 3398.9 1709 3.8 1709 2088.0 1709 323.7 1709 3.1 1709 98.9 1709 825.8 1709 938.8 1709 1971.7 1709 1992.8 1709 19698.8 1709 0.0 1709 5289.3 1709 464.0 1709 2181.1 1709 21.4 1709 727.3 1709 1936.1 1709 2888.1

256.5 -0.2 247.0 53.3 -76.9 3.5 -156.6 71.6 1018.6 326.9 2438.6 -92.2 130.5 -89.8 595.0 49.2 434.9 50.3 307.4

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

7 -61 6 -3 -26 -15 29 -3 -7 8 3 -27 26 5 8 -46 -10 7 13

-259.4 -1.1 425.0 116.2 -70.2 9.8 -175.6 123.2 1881.3 643.0 5056.8 -100.8 195.9 -226.8 1012.3 66.3 886.3 266.6 505.4

-84 -113 2 10 -9 26 51 -43 -22 21 5 -221 16 -396 58 189 -12 -55 198

6081.0 6.3 4272.0 647.0 10.3 215.6 1821.8 2060.9 4299.2 4246.9 39578.1 0.0 9691.1 946.3 4861.7 35.4 1429.0 3862.7 5935.3

69.47 55.96 49.91 58.20 54.25 68.31 31.16 74.99 74.50 89.32 62.99 71.51 16.21 57.48 48.35 74.98 89.96 33.02 53.56

33 0 0 0 0 0 83 48 0 0 0 50 0 96 73 64 0 4 0

16.0 2534 61.7 7133 35.6 2469 40.8 10841 50.2 5559 269.7 38854 109.9 1451 4.5 677 29.7 2011 134.9 1127 52.9 17790 36.2 724 9.2 766 45.2 1760 9.4 1392 82.6 9130 100.8 47840 16.9 797 20.1 10602 7.7 2415 15.1 5043 16.9 858 66.3 7068 641.9 124332 63.5 2349 48.4 22726 13.2 647 25.7 2782 18.5 908 123.9 8544

(15/12/17)

Market Cap (` Cr)

MARKET RELATED DATA

8.4 14.9 20.7 5.0 19.1 69.5 0.3 4.7 45.7 0.5 28.4 2.5 36.5 20.3 -14.1 73.6 45.0 12.4 129.0 -0.0 15.8 4.2 12.1 -0.1 9.7 50.5 24.9 11.4 16.1 12.4

55.4 -11.0 1709H 107.8 216.7 25.7 1709H 396.2 200.6 55.1 1709H 352.7 468.6 143.5 1709H 662.0 171.8 24.4 1709H 353.1 794.8 120.3 1709H 1654.2

21.58 38.80 14.19 24.65 52.09 39.86 8.01 0.51 14.44 18.80 26.93 3.06 14.30 1.02 0.90 14.50 30.87 0.34 28.30 18.64 32.09 0.03 50.11 32.04 7.92 18.51 9.08 17.84 7.23 7.64

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

Inst. Stake (%)

Pledged (%)

NP Growth (%)

NP (` Cr)

Sales Growth (%)

Sales (` Cr)

Year / Months

Prom. Stake (%)

SHAREHOLDINGS

YEAR TO DATE

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

DERatio

Div (`)

LATEST QTR.

CMP (`)

Indoco Remedies 2 1703 18.4 71 1094 77.5 Ipca Laboratorie 2 1703 25.2 196 3157 188.3 J B Chemicals & Phar 2 1703 16.7 166 1175 173.0 Jubilant Life Scienc 1 1703 15.9 128 2491 79.2 *Laurus Labs 10 1703 106.0 128 1892 202.6 Lupin Ltd. 2 1703 90.4 327 12753 3141.3 Marksans Pharma 1 1703 40.9 10 216 12.2 Medicamen Biotec 10 1703 11.1 24 82 5.2 Merck Ltd. 10 1612 16.6 389 996 75.9 Morepen Labs.Lt 2 1703 90.0 5 537 23.0 Natco Pharma 2 1703 34.9 98 1958 494.8 Nectar Lifesciences 1 1703 22.4 45 1643 55.1 *Neuland Laborat 10 1703 8.9 243 573 32.4 Novartis 5 1703 14.1 327 656 57.2 Panacea Biotec L 1 1703 6.1 73 530 -86.3 Pfizer Ltd. 10 1703 45.7 529 1966 336.8 Piramal Enterprises 2 1703 34.5 836 3766 776.8 RPG Life Sciences 8 1703 13.2 93 304 20.5 Sanofi India 10 1612 23.0 753 2369 297.0 Sequent Scientific 2 1703 48.7 52 378 -0.0 *Shilpa Medicare L 1 1703 8.0 119 733 126.6 *SMS Pharmaceuticals 1 1703 8.5 31 438 35.5 *Strides Shasun L 10 1703 89.5 361 2110 108.5 Sun Pharma. 1 1703 239.9* 87 7697 -35.0 Suven Life Sciences 1 1703 12.7 57 544 123.5 Torrent Pharmac 5 1703 84.6* 263 4593 854.2 *TTK Healthcare Ltd. 10 1703 7.8 189 533 19.3 Unichem Labs 2 1703 18.2 124 1398 103.9 Vivimed Labs 2 1703 16.5* 62 570 132.7 *Wockhardt Ltd. 5 1703 55.3* 110 2298 137.1 73 PLANTATIONS - TEA AND COFFEE IND. COMPOSITE 199 6976 574 Bombay Burmah 2 1703 14.0 47 260 -3.2 CCL Products India 2 1703 26.6 41 707 98.7 Goodricke Group 10 1703 21.6 135 680 33.1 McLeod Russel 5 1703 54.7 159 1485 30.5 Tata Coffee Ltd. 1 1703 18.7 48 779 139.2 Tata Global Beverage 1 1703 63.1 60 3064 276.0 74 PLASTICS - OTHERS IND. COMPOSITE 267 13642 931 *Astral Poly Technik 1 1703 12.0 70 1475 106.6 Kingfa Science & Tec 10 1703 12.1 110 427 11.8 Mayur Uniquoters 5 1703 22.9 86 485 80.7 Mold-Tek Packaging 5 1703 13.9* 52 308 27.0 Multibase India Ltd. 10 1703 12.6 51 86 13.3 *Nilkamal Ltd. 10 1703 14.9 467 1957 118.5 PPAP Automotive 10 1703 14.0 166 343 23.9 Responsive Industrie 1 1703 26.7 23 1865 20.7 Safari Indus. 2 1703 4.5 45 355 9.7 Shaily Engineering P 10 1703 8.3 127 246 15.9 Sintex Plastics Tech 1 1703 59.0* 7 0 -0.8 Supreme Inds. 2 1703 25.4 122 4462 379.3 VIP Indus. 2 1703 28.3 28 1275 76.0 Wim Plast Ltd 10 1703 12.0 219 358 48.6 75 POWER - GENERATION/DIS TRIBUTION IND. COMPOSITE 44029 165028 12268 Adani Power Ltd. 10 1703 3856.9 12 11018 -6054.3 *BF Utilities Ltd. 5 1703 18.8 23 21 7.3 CESC Ltd. 10 1703 132.6 1005 7220 862.9 Guj. Industries 10 1703 151.3 148 1311 229.2 GVK Power & Infrastr 1 1703 157.9 11 28 -271.0 India Power Corp 1 U1703 97.4 11 450 39.1 Jaiprakash Power Ven 10 1703 5996.0 16 2792 -760.6 JSW Energy Ltd. 10 1703 1640.1 51 4041 194.8 NHPC 10 1703 10259.3 26 7271 2795.6 NLC India L 10 1703 1528.6 80 8673 2368.8 *NTPC 10 1703 8245.5 117 78273 9385.3 Orient Green Power C 10 1703 739.8 12 0 -112.4 PTC India 10 1703 296.0 104 14075 290.9 RattanIndia Power 10 1703 2952.9 17 1335 -320.5 Reliance Infrastruct 10 1703 263.0 798 8772 1288.4 Reliance Power L 10 1703 2805.1 60 48 64.3 SJVN Ltd. 10 1703 4136.6 28 2469 1544.1 Tata Power Co. 1 1703 270.5 56 7218 283.4 Torrent Power Ltd. 10 1703 480.6 143 10015 432.4

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

23.18 357.5 13596 1.22 49.5 1760 38.56 51.7 13450 16.37 56.2 1988 6.24 269.5 2511 0.12 2.2 3199 54.22 307.9 4023 14.54 134.6 13243 14.82 762.8 29290 4.76 87.3 15951 33.68 625.6 146151 6.77 29.3 666 59.95 140.4 3284 16.84 138.5 2460 35.98 1065.3 11814 11.01 3389.2 10127 6.04 86.2 13485 50.74 314.7 24681 23.36 129.0 12695

1459.95 308.45 450.25 201.00 158.95 286.90

35.25 467.25 1014.65 131.45 15.90 32.85 6.71 80.75 28.55 104.35 177.25 9.00 110.95 8.33 449.20 36.10 32.60 91.25 264.15

1735/474 372/250 545/194 248/137 183/109 299/117

48 10464 4196 36.9 956 20.5 2913 38.2 3038 23.1 18119 46.5

15 46/26 38532 547/313 1809 1080/601 17990 15.4 151/91 2294 8.3 20/5 2597 49/30 3981 9/4 13586 89/55 16091 35/26 45305 12.9 123/73 20648 6.4 188/153 243560 15.2 12/8 749 130/70 3798 10.4 10/5 9799 630/391 24167 7.1 51/35 16417 38/28 11400 9.4 97/73 37265 289/170 20624 17.0

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Updated Information

76 POWER - TRANSMISSION/E QUIPMENT IND. COMPOSITE 6542 45642 8056 Adani Transmission L 10 1703 1099.8 19 810 3.9 GE Power India 10 1703 67.2 124 1993 0.3 GE T&D India 2 1703 51.2 40 4052 -86.7 Kalpataru Power 2 1703 30.7 162 4894 269.1 KEC International Lt 2 1703 51.4 64 7566 281.8 Power Grid Corpo 10 1703 5231.6 95 25717 7520.1 Voltamp Transformers 10 1703 10.1 531 609 68.0 77 PROJECT CONSULTANCY/TURNKEY IND. COMPOSITE 1679 3863 228 Engineers India 5 1703 316.0 44 1442 325.0 OM Metals Infraproje 1 1703 9.6 60 231 13.0 Power Mech Projects 10 1703 14.7 420 1291 63.7 Reliance Ind.Inf 10 1703 15.1 207 93 16.4 Sadbhav Infrastructu 10 1703 352.2 38 285 41.2 Shriram EPC Ltd. 10 1703 971.5 17 520 -231.7 78 REFINERIES IND. COMPOSITE 10450 820007 38028 Bharat Petroleum 10 1703 2169.3* 138 202211 8039.3 Chennai Petro. 10 1703 148.9 223 27692 1029.8 Hind. Petrol 10 1703 1523.8* 120 187024 6208.8 Indian Oil Corp 10 1703 4855.9 206 359873 19106.4 Mangalore Refine 10 1703 1752.6 57 43208 3643.7 79 RETAIL IND. COMPOSITE 1798 50279 1187 Aditya Birla Fashion 10 1703 771.7* 12 6603 53.5 Avenue Supermarts 10 1703 624.1 61 11881 482.6 Future Enterprises 2 1703 98.7* 77 3782 43.6 Future Lifestyle 2 1703 38.1* 88 3877 45.7 Future Retail L 2 1703 100.4* 51 17075 368.3 Shoppers Stop 5 1703 41.8* 91 3648 -19.9 *SORIL Holdings 2 1703 10.1 155 6 -2.1 *SORIL Infra Resource 10 1703 27.6 87 196 31.8 Trent Ltd. 1 1703 33.2 46 1738 106.9 V Mart Retail 10 1703 18.1 149 1002 39.5 *V2 Retail 10 1703 33.9 112 471 37.3 80 RUBBER IND. COMPOSITE 38 762 42 Apcotex Industries L 5 1703 10.4 99 390 19.1 Vikas Ecotech L 1 1703 28.0 5 371 23.2 81 SERVICES - OTHERS IND. COMPOSITE 540 11074 906 BLS International Se 1 1703 10.2 2 24 3.1 CARE Ratings 10 1703 29.5 169 280 151.5 Central Depository 10 1703 104.5 44 122 67.8 Crisil 1 1612 7.2* 100 1130 255.7 ICRA Ltd. 10 1703 9.9 458 211 83.3 Infibeam Incorp 1 1703 54.3 15 53 0.2 Just Dial 10 1703 67.4* 134 719 121.3 Matrimony.com 5 1703 11.3 -0 267 22.5 Quess Corp 10 1703 138.3 58 3361 90.2 S Chand & Company 5 1703 17.4 147 301 27.1 Security and Intelli 10 1703 73.2 24 1615 26.6 TeamLease Service 10 1703 17.1 216 2991 56.6 82 SHIP - DOCKS/BREAKING/REPAIRS IND. COMPOSITE 1357 3262 39 Cochin Shipyard 10 1703 135.9 151 2059 312.2 Gujarat Pipavav Port 10 1703 483.4 42 683 249.9 Reliance Naval 10 1703 737.6 16 519 -523.4 83 SHIPPING IND. COMPOSITE 639 5521 741 Great Eastern 10 1703 150.8 342 1704 601.4 Shipping Corpn. 10 1703 465.8 147 3447 135.5 Shreyas Shipping & L 10 1703 22.0 107 370 4.1 84 SUGAR IND. COMPOSITE 399 29841 1933 Avadh Sugar & Energy 10 1703 10.0 327 1873 209.6 *Bajaj HindusthanSuga 1 1703 113.4 35 4385 7.4 Balrampur Chini 1 1703 23.5 66 3460 592.3 *Bannari Amman Su 10 1703 12.5 851 1752 145.2 Dalmia Bharat Sugar 2 1703 16.2 85 1686 183.4 Dhampur Sugar 10 1703 66.4 100 2534 243.0 Dwarikesh Sugar 1 1703 18.8 15 1190 158.5 *EID Parry 1 1703 17.7* 83 2365 283.6

0.0 0.0 -3.4 1.80 17.5 2.00 11.0 1.60 14.4 1.00 67.2 15.00

3.6 0.0 0.5 0.2 0.9 2.3 0.0

0.2 0.0 10.9 17.0 15.1 12.6

1709 243.3 -20.1 1709H 1709 261.9 6.6 1709H 1709 870.0 47.5 1709H 1709 1222.8 71.5 1709H 1709 1883.7 85.2 1709H 1709 7252.8 2141.0 1709H 1709 128.9 15.3 1709H

5.1 1.3 43.3 10.9 1.2 -2.4

3.00 0.20 1.00 3.50 -

0.0 0.2 0.3 0.0 0.9 0.5

11.8 2.2 10.3 5.2 3.1 -

1709 1709 1709 1709 1709 1709

37.1 69.2 40.7 39.3 20.8

21.67 21.00 20.00 19.00 6.00

0.7 1.7 0.8 0.5 0.7

26.9 31.1 33.8 19.1 36.2

1709 53325.2 1709 7457.9 1709 47522.6 1709 90566.7 1709 9096.5

0.7 7.7 0.9 2.4 7.3 -2.4 -0.4 11.5 3.2 21.8 11.0

0.80 0.75 1.00 1.25 -

2.1 0.3 1.3 0.3 0.4 0.5 0.0 0.2 0.2 0.1 0.0

5.6 12.6 1.1 2.7 14.4 13.2 6.9 14.6 9.8

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

9.2 0.8

4.50 0.05

0.1 0.8

9.3 1709 17.6 1709

129.0 110.2

18.6 30.4 14.7 35.8 18.4 0.0 13.4 11.2 5.3 15.1 15.3

0.3 51.4 6.5 35.7 84.1 0.0 18.0 10.0 6.5 7.8 3.6 33.1

23.0 5.2 -7.1

0.04 0.0 28.00 0.0 2.50 0.0 27.00 0.0 27.00 0.0 - 0.1 - 0.0 - -37.5 - 0.7 26.25 0.2 - 2.7 - 0.0

429.1 119.2 1709H 26.6 16.3 1709H 292.3 13.9 1709H 19.9 2.7 1709H 98.3 24.6 1709H 115.3 2.4 1709H

2357.4 315.1 1734.7 3696.3 477.9

804.5 131.9 614.6 44.1 179.9 315.7

1709H 110457.4 1709H 14152.0 1709H 100991.1 1709H 196001.0 1709H 19358.9

200.6 27.2 29.6 4.5 31.9 1.5

15 190 -10 -29 421 102

54.16 0 28.70 191.5 70.84 0 3.43 13.1 65.03 0 20.11 17.6 45.43 0 0.44 80.6 69.28 14 11.42 6.6 28.75 51 67.38 18.0

21 3102.0 4 348.6 16 2659.5 18 8244.8 5 712.2

-21 -39 -5 -28 -37

54.93 67.28 51.11 57.33 88.58

0 0 0 0 0

-168 56 -117 334 109 -788 -133 -86 51 243 143

59.24 82.20 45.41 60.60 47.72 67.08 33.58 73.85 32.61 54.39 50.99

0 0 55 50 50 13 0 0 0 0 72

88 57.91 20 39.52

0 0

0.37 0.60

0 0 0 0 0 5 2 0 0 0 0 0

6.24 66.48 56.01 17.53 38.70 10.61 38.96 44.48 7.67 20.77 9.69 35.84

13.7 19.8

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

9.1 5.0 1709H 20.8 91.0 48.3 1709H 152.3 38.8 20.5 1709H 71.3 281.4 55.3 1709N 875.1 55.5 26.7 1709H 106.6 19.4 2.7 1709H 37.8 194.5 37.5 1709H 384.5 76.6 13.0 1709H 153.5 970.4 134.2 1709H 1867.3 17.4 -10.2 1709H 46.7 521.7 16.6 1709H 1010.0 848.8 17.5 1709H 1677.2

90 10 22 10 7 38 8 16 14 0 36 19

7.4 83.8 39.8 173.0 50.5 7.3 75.6 21.8 159.5 -18.1 28.1 34.5

7.65 3.80 -

0.1 0.0 7.1

15.2 1709 12.4 1709 - 1709

583.2 100.2 1709H 1139.5 151.7 44.2 1709H 320.7 83.3 -150.7 1709H 248.0

19 191.4 -5 99.9 47 -381.1

39.9 10.10 2.9 1.9 1.00

0.8 0.6 0.6

11.7 1709 2.0 1709 1.7 1709

447.3 808.2 123.5

46.3 1709H 912.1 -76.2 1709H 1673.0 19.7 1709H 241.4

9 5 36

118.6 -82.9 38.9

209.4 0.1 25.2 3.50 115.8 12.50 22.7 2.00 36.6 6.00 8.4 16.0 4.00

3.7 1.4 1.1 0.8 1.6 2.7 1.7 0.5

64.1 0.2 38.4 13.6 26.4 25.4 55.5 19.2

50.7 -91.6 82.4 45.6 37.3 62.7 30.1 79.9

41 48 38 -11 49 42 53 1

84.5 -116.7 202.4 51.1 92.4 127.2 89.4 61.5

29.57 21.54 27.37 17.26 4.83

203.65 675.10 413.35 442.25 343.20 199.40 1054.00

11953 189.15XB 651 67.65 1056 717.75 770 510.05 4871 138.30 2380 24.50

146.2 113246 522.05XB 60.9 6294 422.65 174.2 67635 443.85XB 228.3 200743 413.40XB 422.1 22013 125.60

Trailing P/E Ratio

Entprise Value (` Cr)

18 237/51 29735 747/449 3690 25.6 460/277 11030 474/221 7128 23.5 354/131 10119 25.1 226/177 213440 13.0 1367/837 1062 15.8

204/141 84/38 811/390 602/366 150/89 32/17

39 9642 34.0 729 21.2 1189 17.5 767 53.0 6131 72.8 3161 -

11 550/400 134185 15.7 477/252 10775 7.8 493/273 84772 11.1 463/294 251041 12.6 146/86 26515 6.8

168.85 1121.20 51.20 346.85 543.30 540.85 230.90 320.65 328.25 1351.40 500.00

22.0 28.0

1012 915

488.00 32.70

5.9 45.9 90.6 25.4 14.3 11.1 58.0 19.1 24.2 63.6 23.7 4.9

2437 3936 3513 13024 3862 8828 3343 2018 14331 1703 9031 3518

1 75.00 0 13.70 174.2 -16 43.00 0 49.64 54.3 -52 30.70 100 15.47 139.1

7316 6536 2611

538.20 135.20 35.40

24 599/435 5448 23.3 179/121 6184 28.3 71/34 10831 -

0 43.00 71.0 0 22.89 145.3 0 2.05 14.3

6002 4381 1266

398.05 94.05 576.40

16 477/349 7722 13.5 114/56 7057 624/193 1404 34.9

59.35 24 4.75 17.9 26.01 100 41.12 147.4 40.94 0 34.80 75.4 58.69 17 0.19 6.8 74.91 0 3.19 22.4 49.08 1 4.85 38.0 41.86 0 6.53 22.4 44.97 0 15.78 50.4

945 1604 3401 2733 1119 1688 1005 6078

74.24 0.00 24.00 66.77 50.54 44.52 34.26 50.59 81.52 46.78 75.51 43.18

-57 30.20 -331 63.74 486 73.24

30 46 -7 -24 -4 70 29 -43

189/129 1289/559 62/16 411/117 660/119 602/265 250/19 398/89 361/190 1587/459 555/100

105 15017 69195 113.9 7432 7056 80.8 28195 51.9 4927 1173 918 37.6 11173 84.1 2478 42.7 1698 37.4

13030 69972 2526 6604 27272 4519 1171 885 10908 2446 1696

435 23 19 -3 20 -73 10 78 243 29 140 119

25.94 168.1 7.33 139.0 4.65 57.3 22.58 41.9 22.45 45.8 17.89 9.4 0.10 58.0 0.27 14.6 38.45 45.3 31.40 4.4 8.04 21.8

52-Week High/Low

(15/12/17)

CMP (`)

Market Cap (` Cr)

Inst. Stake (%)

18 13 -4 -5 32 81

130 22

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

Pledged (%)

74.91 20 21.60 51.5 22398 68.57 0 16.86 39.2 4539 74.99 0 16.18 46.5 10584 59.32 38 25.15 23.2 6787 50.94 0 31.12 77.0 8823 57.89 0 35.45 645.2 104318 47.48 0 35.58 16.0 1066

249.1 225.3

1208.8 3157.5 2315.1 840.8 1159.4 1618.8 807.8 1115.8

Prom. Stake (%)

60 111 162 16 89 14 -1

-30.0 365.8 -47.4 46.9 301.0 -25.5 -0.2 1.3 67.2 25.1 13.7

1709H 1709H 1709H 1709H 1709H 1709H 1709H 1709H

MARKET RELATED DATA

65 -16.5 -30 17.1 23 109.2 5 141.9 9 148.4 17 4193.4 -6 29.8

8 31 16 12 13 3 -88 -36 20 32 32

8.5 1709H 11.2 1709H

NP Growth (%)

NP (` Cr)

Sales Growth (%)

Sales (` Cr) 367.5 606.2 2079.2 2392.4 3589.8 14434.2 259.4

1804.0 -10.0 1709H 3564.0 3508.3 191.0 1709H 7106.4 1110.6 -1.9 1709H 2152.0 1021.7 23.4 1709H 2053.1 4506.3 153.2 1709H 9211.2 837.6 -21.8 1709H 1778.7 0.4 -1.9 1709H 0.7 37.8 -4.8 1709H 75.0 522.1 29.0 1709H 1016.2 241.9 2.7 1709H 557.0 137.5 5.0 1709H 279.8

1709 623.0 1709 1506.5 1709 1236.8 1709 492.5 1709 521.3 1709 786.4 1709 316.6 1709 644.5

SHAREHOLDINGS

YEAR TO DATE Year / Months

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

RONW (%)

DERatio

LATEST QTR.

Div (`)

EPS (`)

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

Updated as on Dec 15, 2017

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

Databank

32 514/282 1028 45.2 37/16 1004 -

74 237.90 283/119 2433 1335.95 1800/1276 3924 23.5 336.15 486/243 3501 47.6 1816.35 2290/1752 12998 51.7 3900.10 4448/3726 3679 42.1 162.65 196/87 8671 496.30 619/318 3290 26.0 893.20 1025/775 2008 1035.95 1110/608 14483 70.5 488.70 707/425 1769 49.2 1234.45 1290/708 9381 2057.55 2336/850 3362 46.7

8 944.60 1315/420 2070 4.1 14.15 18/13 7225 144.70 183/116 5100 5.9 2179.30 2625/1721 3628 21.2 138.30 202/116 2200 6.2 254.30 331/113 3472 5.7 53.35 81/25 1465 5.6 343.40 386/238 6822 25.5 DSIJ.in

DSIJ.in

-1.3 9.1

142 6.0 -302.1 123.7 304.9 9.9

1.2 -0.7 1.0 4.6 1.2

- 0.8 - -53.8 - 0.4 - -1.5 - 0.9

186.00 6.17 28.45 128.45 104.80

CMP (`)

Trailing P/E Ratio

918 2754 3526 8478 899

Entprise Value (` Cr)

50.85 0 0.35 10.2 14.08 100 68.58 174.5 38.30 51 12.48 232.2 92.72 0 0.19 38.7 74.92 39 0.00 3.5

(15/12/17)

15.95 76.80

-19 50

6.2 11.9 23.8 3.6

1709 1709 1709 1709 1709

31 -0 54 -29 -68

2.5 -53.8 50.8 46.5 3.2

25 72 -29 -77 -45

0.0 0.9 0.8 0.0 5.5 2.0 0.0 1.4 1.7 0.6 0.4 0.2 0.2 1.0 0.2 0.3 0.9 1.2 0.0 0.4 1.2 0.1 1.4 0.1 0.2 0.9 1.1 1.9 0.2 0.4 1.3 1.0 0.4 0.4 1.2 0.4 0.9 0.4 1.2

14.9 8.3 14.4 3.3 10.6 17.7 14.2 40.0 13.0 18.5 12.2 16.6 14.4 27.6 2.2 23.5 20.3 21.3 26.0 8.7 13.5 40.0 0.5 14.6 2.8 15.9 17.4 14.8 11.1 3.3 15.3 13.3 19.4 0.4 12.4 25.1 13.9

1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709 1709

277.3 3106.5 115.2 3.2 1284.6 1702.8 643.7 452.2 844.9 133.6 362.1 448.4 227.3 842.4 199.0 924.5 1752.5 755.6 278.8 1172.2 485.8 203.7 838.7 1321.9 8.1 207.1 1388.9 1391.8 411.7 301.4 792.2 909.8 743.3 2076.5 1255.7 117.0 2323.3 2882.7 2569.2

7 5 2 14 37 -15 18 -1 15 32 11 -2 -14 45 6 -14 -7 35 23 11 7 2 39 19 26 3 3 -6 -16 -8 -5 -62 6 10 13 -30 -0 -0 -12

29.2 121.7 7.4 -1.5 20.1 -19.9 24.2 27.4 27.9 11.3 16.1 54.1 23.4 103.0 11.7 67.9 -27.4 37.6 42.1 109.4 29.0 20.8 32.2 169.4 -1.0 25.1 55.1 -8.4 30.9 20.1 1.6 59.2 41.1 178.2 87.0 4.5 139.8 270.9 146.6

7 -21 2 58 125 57 -42 44 33 -75 17 18 -12 14 -2 -45 -231 27 25 1 0 35 -0 24 -710 20 7251 -113 -16 -26 -95 -73 12 -18 -10 1557 -12 -57 393

577 221.6 2.0 0.40 1.8 38.5 7.4 0.40 0.3 -79.6 -3.9 - 0.4 26.1 16.6 2.50 0.1 27.3 32.8 11.00 0.0 401.1 17.0 2.10 0.6 30.1 1.1 0.15 2.4 57.1 0.6 0.30 0.3 20.7 9.1 2.75 0.5 -165.5 -27.6 - 86.3

5.9 26.5 19.1 10.8 21.4 8.3 4.0 7.1 -

1709 2406.1 -16.4 1709H 5430.0 1709 188.8 10.5 1709H 341.9 1709 34.7 -14.9 1709H 63.9 1709 41.5 7.4 1709H 86.5 1709 94.5 6.8 1709H 218.3 1709 715.8 129.2 1709H 1587.7 1709 529.8 10.5 1709H 980.2 1709 3648.5 11.6 1709H 9968.6 1709 502.5 7.9 1709H 1007.8 1709 1751.4 7.8 1709H 6550.3

38 45 208 29 -17 4 4 138 0 123

6.6 19.6 -31.8 16.0 12.9 241.9 19.2 29.8 16.3 20.4

-98 1 41 17 -1 35 31 765 74 7

74.91 21 20.94 74.70 0 1.03 52.62 55 6.31 55.90 0 12.04 30.71 0 8.38 58.81 0 7.45 67.15 9 3.76 89.92 0 5.94 56.20 0 24.31 90.00 0 1.96

85.5 7.2 51.1 12.5 7.1 21.8 38.5 88.9 15.3 28.1

17020 154.75 863 166.80XB 5719 277.60 754 481.25 949 1141.00 14472 614.80 2135 80.05 7125 71.25 4147 1815.15 1068 178.00

162/69 180/71 290/191 528/225 1200/729 673/271 87/26 102/48 2365/545 299/115

1174 8.9 858.0 236.4 70.3

0.6 0.0 3.7 0.6

8.5 10.6 8.3 12.1

1709 39.2 2.0 1709H 140.8 1709 1430.2 222.9 1709H 2887.0 1709 686.3 60.1 1709H 1435.5 1709 520.3 25.5 1709H 1016.6

48 6 -33 16

5.6 466.3 84.9 43.2

29 39 13 24

59.91 0 0.31 54.79 0 41.45 73.21 98 6.51 66.11 0 11.19

2.2 48.2 56.1 34.9

680 669.15 31669 1299.40XB 2406 73.15 2199 287.15

31 792/318 741 66.8 1419/844 31254 32.1 125/70 11879 9.8 350/144 2548 28.0

0.3 0.2 0.3 0.0 1.9 0.2 0.5

15.0 20.1 15.7 18.0 19.8 17.0 27.0

1709 1709 1709 1709 1709 1709 1709

10 14 3 10 -0 6 7

194.7 356.1 102.6 70.4 -62.8 406.4 57.9

-56 -9 -48 -7 -134 -54 -39

8.8 1.50 35.2 13.68 7.2 2.00 9.2 1.10

3947 802.8 14.0 715.1 74.0 362.7 89.7 127.4 55.2 332.1 14.6 1451.1 3421.4 155.3 202.9

3.00 8.00 11.50 12.00 2.50 60.00 50.70

40.3 269.3 575.5 240.9 86.2

1.4 -46.3 25.2 46.1 2.3

1709H 62.5 1709H 527.1 1709H 1411.5 1709H 434.3 1709H 234.5

139.6 14.8 1709H 1493.1 42.1 1709H 51.1 3.4 1709H 1.6 0.1 1709H 692.2 52.8 1709H 675.0 -14.6 1709H 306.2 18.1 1709H 212.7 14.9 1709H 414.5 13.5 1709H 60.3 4.8 1709H 168.7 7.3 1709H 206.0 28.2 1709H 108.0 10.9 1709H 434.5 52.4 1709H 114.5 7.8 1709H 492.8 35.9 1709H 764.4 -14.8 1709H 394.4 20.4 1709H 148.6 24.1 1709H 616.5 63.2 1709H 225.7 13.3 1709H 137.7 15.6 1709H 415.0 16.1 1709H 625.7 84.1 1709H 3.3 -0.6 1709H 105.5 20.6 1709H 793.6 61.7 1709H 686.2 -2.5 1709H 248.2 21.6 1709H 156.8 9.6 1709H 371.2 0.4 1709H 460.7 31.0 1709H 422.6 30.7 1709H 1039.3 89.8 1709H 603.7 63.4 1709H 42.1 1.4 1709H 1154.9 50.9 1709H 1397.2 131.6 1709H 1259.2 58.7 1709H

2480.8 127.6 1709H 4789.2 1114.5 203.0 1709H 2126.0 1511.8 83.5 1709H 2962.9 416.6 41.9 1709H 884.9 1603.8 3.1 1709H 2917.2 3591.1 299.9 1709H 7157.7 567.5 40.1 1709H 1106.7

-211.8 -3816 54.46 48 159.3 48 68.21 1

52-Week High/Low

Inst. Stake (%)

1508 1981

Pledged (%)

6.94 187.6 4.52 43.6

Prom. Stake (%)

NP Growth (%)

NP (` Cr)

Sales Growth (%)

Sales (` Cr)

Year / Months

NP (` Cr)

Sales (` Cr)

Latest Qtr. Year

MARKET RELATED DATA

- 1709 1365.2 -119.6 1709H 2957.3 30.0 1709 1060.8 101.1 1709H 1863.4

4737 55.7 97.2 270.9 10.5 2.40 20.3 10.2 -9.3 -0.9 41.7 2.0 0.70 -151.2 -4.8 91.0 41.6 7.00 26.4 4.9 0.20 41.2 9.5 96.6 74.9 29.9 15.6 1.20 83.3 38.1 3.50 45.8 43.8 7.50 176.8 18.0 2.50 27.6 7.3 228.0 11.6 0.80 35.6 4.4 1.00 66.6 33.2 0.50 92.5 13.9 1.07 238.4 32.3 0.75 62.8 24.9 1.40 42.3 19.5 10.00 56.7 11.8 1.60 266.3 238.7 97.00 0.5 0.2 35.9 48.7 4.00 33.8 5.5 1.25 101.0 42.9 12.50 77.1 9.7 2.75 56.5 22.5 0.50 54.6 13.9 2.00 127.5 2.2 0.25 91.0 19.4 0.60 418.8 72.9 12.00 157.9 9.6 0.13 1.7 0.1 0.07 337.0 6.6 1.50 1001.6 174.5 306.6 3.1 0.65

2.6 2.0

SHAREHOLDINGS

YEAR TO DATE

Market Cap (` Cr)

-123.9 233.6

RONW (%)

DERatio

Div (`)

EPS (`)

LATEST QTR.

No. of Shareholder (inâ&#x20AC;&#x2122; 000)

*Shree Renuka Sugars 1 U1703 94.5 12 7772 Triveni Eng.&Ind.Ltd 1 1703 25.8 30 2825 85 TELECOMMUNICATIONS- EQUIPMENT IND. COMPOSITE 5353 5889 Goldstone Infratech 4 1703 19.8* 20 105 GTL Infrastructure 10 1703 4463.1 4 952 Himachal F. Comm 1 1703 123.9 8 2241 ITI 10 1703 660.0 -16 1528 *Optiemus Infracom 10 1703 85.8 32 1063 86 TEXTILES IND. COMPOSITE 2237 69857 Ambika Cotton Mi 10 1703 5.7 654 529 Arvind Ltd. 10 1703 258.6* 125 5956 *Ashapura Intimates F 10 1703 19.9 71 311 Atlas Jewellery 10 1703 100.7 15 9 Bombay Dyeing 2 1703 41.3 20 1710 Bombay Rayon Fashion 10 1703 317.5 88 3877 Century Enka 10 1703 21.9 391 1185 Dollar Industries 2 1703 10.8* 27 822 Filatex India 10 1703 43.5 67 1551 Forbes & Company Ltd 10 1703 12.9 187 283 Ganesha Ecosphere 10 1703 19.2 120 674 Garware-Wall Rop 10 1703 21.9 205 865 Gloster L 10 1703 10.5 177 504 Himatsingka Seid 5 1703 49.2 108 1398 Indian Terrain Fashi 2 1703 7.6 50 400 Indo Count Inds. 2 1703 39.5 42 1990 JBF Industries 10 1703 81.9 194 3913 Jindal Worldwide 10 1703 20.1 141 1158 Kitex Garments 1 1703 6.7* 69 546 KPR Mill Ltd. 5 1703 36.9 151 2219 Lux Industries 2 1703 5.1 96 972 Monte Carlo Fashions 10 1703 21.7 225 584 *Nandan Denim 10 1703 48.0 87 1220 Page Industries Ltd. 10 1703 11.2 597 2130 *PDS Multi. Fashions 10 1703 26.0 40 13 Rajapalayam Mill 10 1703 7.4 335 407 Raymond Ltd 10 1703 61.4 199 2822 RSWM Ltd. 10 1703 23.6 269 2987 Rupa & Company L 1 1703 8.0 56 1084 S P Apparels Ltd. 10 1703 25.2 152 623 *Sangam India Ltd 10 1703 39.4 125 1594 Sintex Industrie 1 1703 59.0* 66 1430 Siyaram Silk 2 1703 9.4* 127 1574 *SRF Ltd. 10 1703 57.4 548 3883 Sutlej Textiles & In 1 1703 16.4 50 2250 *Swan Energy Ltd. 1 1703 24.4 18 331 Trident Ltd. 10 1703 509.6 53 4687 Vardhman Textiles Lt 10 1703 57.4 695 5728 Welspun India 1 1703 100.5 22 5639 87 TRADING IND. COMPOSITE 583 36573 Adani Enterprises Lt 1 1703 110.0 34 8595 Chaman Lal Setia 2 1703 10.3 28 493 Coffee Day Enterpris 10 1703 206.0 88 96 Control Print Ltd. 10 1703 15.7 87 147 India Motor Part 10 1703 8.3 305 519 KRBL Ltd. 1 1703 23.5 80 3146 LT Foods Ltd. 1 1703 26.7 14 2076 MMTC Ltd. 1 1703 100.0 14 11708 Shankara Building Pr 10 1703 22.8 127 1976 *State Trading 10 1703 60.0 3 7814 88 TRANSPORT IND. COMPOSITE 598 11108 *Agarwal Industrial C 10 1703 10.2 103 297 Container Corpor 10 1703 243.7* 333 5606 IL&FS Transportation 10 1703 329.0 86 3401 TCI Ltd. 2 1703 15.3 76 1804 89 TYRES AND TUBES IND. COMPOSITE 197 41064 Apollo Tyres 1 1703 57.2 93 8934 *Balkrishna Ind. 2 1703 19.3 367 3731 Ceat Ltd. 10 1703 40.5 570 5702 Goodyear India 10 1703 23.1 307 1512 JK Tyre & Industries 2 1703 45.4 74 5979 MRF Ltd 10 1703 4.2 20147 13246 TVS Srichakra Lt 10 1703 7.7 751 1960

NP (` Cr)

Sales (` Cr)

Bk Val (`)

CEqt. (` Cr)

Year / Months

Company Name

Face Value

AUDITED ANNUAL

49.99 42.93 66.37 51.30 53.67 39.23 25.25 54.85 57.98 73.85 45.34 50.68 66.72 57.21 29.21 58.93 43.17 61.14 54.24 74.89 73.71 64.69 60.18 49.00 66.64 53.16 42.79 50.90 73.28 60.21 47.35 29.37 67.06 52.37 63.89 64.89 67.76 62.30 73.48

0 5 12 0 1 32 0 0 43 0 26 0 0 10 69 0 100 34 0 0 0 0 3 0 0 28 0 0 0 0 0 51 0 0 3 34 0 0 0

4.81 9.9 40.64 187.3 4.36 2.5 0.00 5.3 10.33 95.0 57.69 7.3 13.07 48.9 9.69 2.5 6.13 6.5 11.63 12.2 8.39 13.0 5.60 18.5 22.16 3.6 20.04 25.3 36.87 10.8 15.45 50.9 16.52 26.0 0.11 1.9 4.52 37.4 15.93 16.8 1.98 6.2 6.86 38.3 8.93 32.8 41.83 36.7 8.33 16.7 1.59 5.2 29.21 106.5 14.15 17.0 0.56 10.4 15.14 12.8 13.31 6.9 17.65 304.1 10.98 12.1 29.82 54.9 1.18 8.4 11.40 11.1 3.88 92.1 24.02 23.4 13.21 65.2

39.28 14 44.22 139.2 54.36 0 30.53 20.4 50.76 0 34.82 62.6 73.99 0 7.66 30.8 52.48 0 12.60 113.4 27.49 0 19.83 49.8 45.36 0 5.98 27.7

22/11 4757 108/53 3492 6.9 234/25 9/4 36/12 165/40 107/40

31 977 141.0 5787 3789 9791 56.7 1060 -

24 731 1277.60 1430/1000 725 12.7 11166 431.85 462/322 14019 48.2 1015 511.10 569/354 1123 64.6 780 77.45 92/46 779 5508 266.70 270/45 7574 30.9 7135 224.75 226/111 12421 719 329.25 454/256 755 9.8 2544 469.20 494/263 2739 49.1 964 221.60 238/62 1434 20.0 3806 2951.00 3023/1390 3938 59.9 750 391.00 425/164 838 23.2 1985 907.05 994/574 1958 21.7 641 612.40XB 688/457 672 15.1 3498 355.25 400/267 4454 18.4 783 206.30 253/136 754 28.6 2191 111.00 210/95 2440 12.7 1802 220.15 326/136 2835 2485 1239.05 1308/167 2816 33.2 1901 285.90XB 384/198 1770 18.9 5471 740.30 882/550 5862 22.8 3794 1502.30 1540/650 4011 60.3 1271 585.05 640/370 1295 26.7 772 160.60 187/107 1283 13.6 25194 22587.80 24678/12820 25241 84.3 748 287.05 320/131 766 893 1210.95 1250/510 1124 22.2 5992 976.15 1004/458 7239 66.8 803 340.85 510/302 2019 26.8 3833 482.05 590/244 3903 53.7 971 385.65 482/325 1087 19.7 761 193.05 324/177 1403 29.7 1376 23.30 121/18 4627 6.5 3328 710.10 799/234 3591 33.8 10726 1868.05 1908/1420 11979 29.5 1540 94.00 110/76 2479 10.4 4689 191.95 210/112 4849 4416 86.65 110/54 6833 13.9 7632 1329.80 1440/1067 9366 11.9 6923 68.90 100/60 9455 16.4 49 23419 858 22.3 6418 768 26.6 947 35.0 15521 31.2 2995 61.6 7136 4237 150.2 2716 -

21 14276 249.55 288/172 15754 25.7 24082 2491.50CB 2510/1014 24836 35.5 7169 1772.40 1948/1060 7913 26.8 2012 872.20 945/632 1816 16.5 3138 138.35 187/106 6202 36.3 28747 67780.65 74100/47578 30284 29.3 2588 3380.50 4304/2912 2879 21.8

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Databank Ticker 500488 532762 517041 500003 531921 513349 532749 526173 532475 506074 535467 530355 531847 532830 531795 500031 500032 502355 532149 500041 500042 539018 500048 532430 532930 540700 506197 524370 500530 532929 524742 500870 501150 517544 500093 506390 532179 532175 532121 532180 540701 532927 500125 533218 500133 532684 505744 500033 532843 532767 507815 538180 505710 500670 500193 500106 540774 500201 532705 512237 533207 532508 590003 517569 533482 500510 540222 534091 526235 500279 532641 523630 500298 505355 532798 524558 530377 523385 532555 530135 513121 538730 533581

Company

Ind. Book Code Closure

Abbott India Ltd. 72 Action Construction 38 Ador Welding Ltd. 37 Aegis Logistics Ltd. 56 Agarwal Industrial C 88 Ajmera Realty & Infr 24 Allcargo Logistics 56 Andrew Yule & Co 30 Aptech Ltd. 23 Arshiya 56 Ashapura Intimates F 86 Asian Oilfield S 66 Asian Star Co 29 Astral Poly Technik 74 Atul Auto Ltd 5 Bajaj Electrical 25 Bajaj HindusthanSuga 84 Balkrishna Ind. 89 Bank of India 44 Bannari Amman Su 84 BASF India Lt 19 Beekay Steel Indus 53 BEML Ltd. 38 BF Utilities Ltd. 75 BGR Energy Systems 37 Bharat Road Network 24 Bliss GVS Pharma 72 Bodal Chemicals 31 Bosch Ltd. 6 Brigade Enterprises 24 Caplin Point Lab 72 Castrol India 58 Centrum Capital 46 Centum Electronics L 33 CG Power and Indust 33 Clariant Chemicals ( 31 Corporation Bank 44 Cyient Ltd. 23 Dena Bank 44 Dhanlaxmi Bank 43 Dishman Carbogen Amc 72 eClerx Services 23 EID Parry 84 Emami Infrastructure 24 Esab India 37 Everest Kanto Cylind 67 Federal-Mogul Goetze 6 Force Motors 8 Fortis Healthcare 50 Gayatri Projects 24 Gillette India Ltd. 40 Goldline Intl. 46 Grauer & Weil 19 Gujarat Narmada Vall 42 Hotel Leela Ven. 51 IFCI Ltd. 46 IFGL Refractories 63 India Glycols 19 Jagran Prakashan 59 Jai Corp Ltd. 53 Jaypee Infratech Ltd 24 Jindal Stainless 53 Karur Vysya Bank 43 KEI Industries 12 Kridhan Infra 52 L&T 30 Laurus Labs 72 MCX 46 Mercator Ltd. 30 Mirc Electronics 25 Nandan Denim 86 National Fertilizers 42 National Peroxid 19 Nesco Ltd. 30 Network 18 Media & I 46 Neuland Laborat 72 Nila Infrastructures 24 Nilkamal Ltd. 74 NTPC 75 Optiemus Infracom 85 Oricon Enterprises L 67 PDS Multi. Fashions 86 PG Electroplast Ltd. 33

12/07/17 22/09/17 25/08/17 04/08/17 26/09/17 23/09/17 03/08/17 12/09/17 28/07/17 18/09/17 23/12/17 02/09/17 22/09/17 02/08/17 23/09/17 29/07/17 09/09/17 08/09/17 08/07/17 16/09/17 22/09/17 09/09/17 15/09/17 06/11/17 21/09/15 20/09/17 18/09/17 10/06/17 18/09/15 09/09/17 24/05/17 25/08/17 01/07/17 19/08/16 05/08/17 22/06/17 10/07/17 21/06/17 20/09/17 21/09/17 16/08/17 28/07/17 15/09/17 28/07/17 21/09/17 20/08/16 07/09/17 20/09/16 23/12/17 08/11/17 23/09/17 20/09/17 19/08/17 15/09/17 24/10/17 18/12/17 26/08/17 22/09/17 06/09/17 22/12/17 15/09/17 14/07/17 13/07/17 22/09/17 16/08/17 10/07/17 17/08/17 09/09/17 11/08/17 23/09/17 21/09/17 27/07/17 08/08/17 22/09/17 25/12/17 24/09/17 02/08/17 09/09/17 02/12/17 19/07/17 21/09/17 20/09/17

NSE Code ABBOTINDIA ACE ADORWELD AEGISCHEM AGARIND AJMERA ALLCARGO APTECHT ARSHIYA AIFL ASTRAL ATULAUTO BAJAJELEC BAJAJHIND BALKRISIND BANKINDIA BANARISUG BASF BEML BFUTILITIE BGRENERGY BRNL BLISSGVS BODALCHEM BOSCHLTD BRIGADE CAPLIPOINT CASTROLIND CENTUM CGPOWER CLNINDIA CORPBANK CYIENT DENABANK DHANBANK DCAL ECLERX EIDPARRY EMAMIINFRA ESABINDIA EKC FMGOETZE FORTIS GAYAPROJ GILLETTE GNFC HOTELEELA IFCI IFGLEXPOR INDIAGLYCO JAGRAN JAICORPLTD JPINFRATEC JSL KARURVYSYA KEI KRIDHANINF LT LAURUSLABS MCX MERCATOR MIRCELECTR NDL NFL NESCO NETWORK18 NEULANDLAB NILAINFRA NILKAMAL NTPC OPTIEMUS ORICONENT PDSMFL PGEL

Ticker 532486 540724 534675 520111 532805 532687 520008 514234 500112 540797 535602 538685 530549 532670 511411 532815 533520 532679 503806 512531 500113 532531 506655 503310 539268 500777 500770 590062 522073 539871 532966 507747 532515 506685 533171 532867 509966 523660 532144 532300 523395 512161 524348 524208 523204 500002 500410 532268 512599 532921 533096 539254 519183 540691 535755 540025 500215 532811 532683 532331 500710 531082 506235 533573 531147 539523 506767 532480 532633 500008 531978 500425 590006 520077 515055 532418 532259 523694 540692 533758 508869 500877 540616

Company Index Company

Ind. Book Code Closure

Pokarna Ltd. 48 Prataap Snacks 40 Prozone Intu Propert 24 Ratnamani Metals 53 Redington (India) Lt 22 Repro India Ltd. 59 Rico Auto Inds. 6 Sangam India Ltd 86 SBI 44 Shalby 50 Sharda Motor Ind 6 Shemaroo Entertainme 39 Shilpa Medicare L 72 Shree Renuka Sugars 84 Shristi Infrastructu 24 SMS Pharmaceuticals 72 SORIL Holdings 79 SORIL Infra Resource 79 SRF Ltd. 86 State Trading 87 Steel Authority 53 Strides Shasun L 72 Sudarshan Chem. 31 Swan Energy Ltd. 86 Syngene Internationa 63 Tamilnadu Petroprod 40 Tata Chemicals 20 The Andhra Sugars 30 The Hi-Tech Gears 6 Thyrocare Tech. 50 Titagarh Wagons Ltd. 38 TTK Healthcare Ltd. 72 TV Today Network Ltd 39 Ultramarine Pig. 31 United Bank of I 44 V2 Retail 79 VST Industries 40 Waterbase Ltd. 4 Welspun Corp 53 Wockhardt Ltd. 72 3M India Ltd. 30 8K Miles Software 23 Aarti Drugs Ltd 72 Aarti Ind. Ltd 19 Aban Offshore 66 ABB India 33 ACC 16 Accelya Kale Solut 23 Adani Enterprises Lt 87 Adani Ports & Speci 63 Adani Power Ltd. 75 Adani Transmission L 76 ADF Foods Ltd. 40 Aditya Birla Capital 46 Aditya Birla Fashion 79 Advanced Enzyme Tech 49 Agro Tech Foods Ltd. 32 Ahluwalia Contra 24 AIA Engineering 15 Ajanta Pharma Lt 72 Akzo Nobel India Ltd 68 Alankit 46 Alembic Ltd. 72 Alembic Pharmaceutic 72 Alicon Castalloy 15 Alkem Laboratories 72 Alkyl Amines Che 19 Allahabad Bank 44 Allsec Technologies 23 Amara Raja Batt. 6 Ambika Cotton Mi 86 Ambuja Cements Ltd. 16 Amrutanjan Health Ca 72 Amtek Auto Ltd. 6 Anant Raj Ltd. 24 Andhra Bank 44 Apar Industries 35 Apcotex Industries L 80 Apex Frozen Foods 40 APL Apollo Tubes 53 Apollo Hospitals 50 Apollo Tyres 89 Artemis Global Life 72

12/09/17 24/09/15 06/09/17 22/07/17 24/08/17 16/09/17 23/09/17 30/05/17 24/08/17 21/09/17 23/09/17 14/12/17 16/09/17 22/09/17 22/09/17 22/09/17 01/08/17 19/09/17 23/08/17 09/09/17 31/07/17 15/09/17 17/07/17 02/08/17 14/09/17 23/09/17 06/08/17 24/07/17 31/07/17 25/08/17 04/08/17 23/06/17 22/09/16 26/07/17 24/09/15 26/06/17 26/07/17 05/08/17 27/09/17 11/08/17 20/09/17 04/09/17 03/05/17 20/03/17 30/09/17 02/08/17 02/08/17 03/08/17 03/08/17 17/08/17 18/07/15 06/09/17 19/07/17 22/09/17 08/08/17 28/06/17 08/08/17 20/09/17 21/07/17 13/07/17 20/09/17 18/07/17 22/06/17 03/08/17 01/08/17 30/08/17 20/03/17 15/09/17 27/09/17 23/09/17 15/07/17 03/08/17 10/08/17 23/09/17 09/09/17 29/06/17 -

NSE Code POKARNA DIAMONDYD PROZONINTU RATNAMANI REDINGTON REPRO RICOAUTO SANGAMIND SBIN SHALBY SHARDAMOTR SHEMAROO SHILPAMED RENUKA SMSPHARMA SORILHOLD SORILINFRA SRF STCINDIA SAIL STAR SUDARSCHEM SWANENERGY SYNGENE TNPETRO TATACHEM ANDHRSUGAR HITECHGEAR THYROCARE TWL TTKHLTCARE TVTODAY UNITEDBNK V2RETAIL VSTIND WELCORP WOCKPHARMA 3MINDIA 8KMILES AARTIDRUGS AARTIIND ABAN ABB ACC ACCELYA ADANIENT ADANIPORTS ADANIPOWER ADANITRANS ADFFOODS ABCAPITAL ABFRL ADVENZYMES ATFL AHLUCONT AIAENG AJANTPHARM AKZOINDIA ALANKIT ALEMBICLTD APLLTD ALICON ALKEM ALKYLAMINE ALBK ALLSEC AMARAJABAT AMBIKCO AMBUJACEM AMRUTANJAN AMTEKAUTO ANANTRAJ ANDHRABANK APARINDS APCOTEXIND APEX APLAPOLLO APOLLOHOSP APOLLOTYRE AGLSL

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

Ticker 500101 515030 527001 523716 500477 533271 532888 500820 533138 532493 506820 532759 514394 500027 540611 524804 505036 505010 540649 512573 540376 519105 532215 532395 532719 532977 533229 500034 532978 500490 530999 532382 513142 500102 523319 532485 500038 500039 532134 532525 500043 506285 533095 509480 533303 500052 503960 500049 533228 500493 500103 500547 590021 523229 532454 534816 526666 500055 532523 500335 540073 526612 500067 501425 500020 532678 502219 500825 517421 532321 532834 511196 532483 540710 532938 511505 531595 513375 534804 519600 500878 532885

Company

Ind. Book Code Closure

Arvind Ltd. 86 Asahi India Glass 47 Ashapura Min. Lt 62 Ashiana Housing Ltd. 24 Ashok Leyland 8 Ashoka Buildcon Ltd. 24 Asian Granito India 18 Asian Paints Ltd. 68 Astec Lifesciences L 70 Astra Microwave 37 AstraZeneca Pharma I 72 Atlanta Ltd. 52 Atlas Jewellery 86 Atul Ltd. 31 Au Small Finance Ban 46 Aurobindo Pharma 72 AutoCorpn of Goa 6 Automotive Axles 6 Avadh Sugar & Energy 84 Avanti Feeds Lim 4 Avenue Supermarts 79 AVT Natural Prod 32 Axis Bank Ltd. 43 AXISCADES Engineer 23 B L Kashyap & Sons 24 Bajaj Auto Ltd. 5 Bajaj Corp Ltd. 40 Bajaj Finance L 46 Bajaj Finserv Ltd. 46 Bajaj Holdings & Inv 46 Balaji Amines Li 19 Balaji Telefilms Ltd 39 Balasore Alloys 53 Ballarpur Ind. 69 Balmer Lawrie & 30 Balmer Lawrie Invest 46 Balrampur Chini 84 Banco Products 6 Bank of Baroda 44 Bank of Maharash 44 Bata India BayerCropscience 70 Bengal & Assam Compa 46 Berger Paints I 68 BF Investment Ltd. 46 Bhansali Engg.Po 71 Bharat Bijlee 35 Bharat Electroni 33 Bharat Financial Inc 46 Bharat Forge 15 Bharat Heavy Ele 38 Bharat Petroleum 78 Bharat Rasayan 70 Bharat Seats 6 Bharti Airtel 64 Bharti Infratel Ltd. 52 Bhartiya Interna 55 Bhushan Steel Ltd. 53 Biocon 72 Birla Corporation Lt 16 BLS International Se 81 Blue Dart Expres 27 Blue Star 25 Bombay Burmah 73 Bombay Dyeing 86 Bombay Rayon Fashion 86 Borosil Glass 47 Britannia Ind. 40 BSE 46 Butterfly Gandhima 25 Cadila Healthcar 72 Camlin Fine Sciences 19 Can Fin Homes 45 Canara Bank 44 Capacit’e Infraproje 24 Capital First 46 Capital Trust Lt 46 Capri Global Capital 46 Carborundum Uni. 37 CARE Ratings 81 CCL Products India 73 Ceat Ltd. 89 Central Bank 44

NSE Code

29/07/17 ARVIND 04/08/17 ASAHIINDIA 13/09/17 ASHAPURMIN 21/08/17 ASHIANA 13/07/17 ASHOKLEY 23/09/17 ASHOKA 08/09/17 ASIANTILES 17/06/17 ASIANPAINT 19/07/17 ASTEC 21/07/17 ASTRAMICRO 06/09/17 ASTRAZEN 25/07/17 ATLANTA 20/09/17 15/07/17 ATUL 21/09/17 AUBANK 25/08/17 AUROPHARMA 13/07/17 16/08/17 AUTOAXLES - AVADHSUGAR 07/08/17 AVANTIFEED 31/08/17 DMART 04/08/17 AVTNPL 08/07/17 AXISBANK 28/08/15 AXISCADES 22/09/17 BLKASHYAP 08/07/17 BAJAJ-AUTO 12/07/17 BAJAJCORP 08/07/17 BAJFINANCE 08/07/17 BAJAJFINSV 08/07/17 BAJAJHLDNG 22/07/17 BALAMINES 25/08/17 BALAJITELE 16/09/17 20/09/17 BALLARPUR 08/09/17 BALMLAWRIE 08/09/17 24/08/17 BALRAMCHIN 09/09/17 BANCOINDIA 24/06/17 BANKBARODA 10/06/17 MAHABANK 08/07/17 BATAINDIA 09/08/17 BAYERCROP 19/08/17 29/07/17 BERGEPAINT 05/08/17 BFINVEST 08/07/17 BEPL 23/06/17 BBL 17/08/17 BEL 01/07/17 BHARATFIN 01/08/17 BHARATFORG 26/08/17 BHEL 12/06/17 BPCL 21/09/17 BHARATRAS 15/09/17 15/07/17 BHARTIARTL 05/08/15 INFRATEL 21/09/17 BIL 13/09/17 BHUSANSTL 22/07/17 BIOCON 25/07/17 BIRLACORPN 14/09/17 BLS 20/07/17 BLUEDART 28/07/17 BLUESTARCO 22/07/17 BBTC 28/07/17 BOMDYEING 16/09/16 BRFL 04/08/17 01/08/17 BRITANNIA 29/07/17 ASPINWALL 01/09/17 BUTTERFLY 31/07/17 CADILAHC 15/07/17 CAMLINFINE 16/06/17 CANFINHOME 14/07/17 CANBK CAPACITE 29/06/17 CAPF 04/08/17 CAPTRUST 07/07/17 CGCL 24/07/17 CARBORUNIV 26/07/17 CARERATING 06/07/17 CCL 01/08/17 CEATLTD 27/06/17 CENTRALBK

Ticker 500280 532548 500040 532443 500084 530307 500085 500110 511243 534758 500087 532210 533288 533278 540678 539436 500830 526829 531344 522295 506395 508814 533144 511413 500092 539876 500480 533160 500096 533309 500097 532528 533151 532772 523367 500117 502137 532760 500645 506401 532848 533137 511072 519588 500119 507717 540047 500068 532839 532488 540699 532868 539524 500124 523618 532610 505242 532922 505200 500840 500123 505700 500128 533264 522074 504000 531162 533208 509525 540153 532178 532700 539844 540596 533261 500495 500135 531508 508906 532511 500650

Company

Ind. Book Code Closure

Central Depository 81 Century Enka 86 Century Plyboard 54 Century Textiles 30 Cera Sanitaryware L 18 CESC Ltd. 75 Chaman Lal Setia 87 Chambal Fertilis 42 Chennai Petro. 78 Cholamandalam Invest 46 Cigniti Technologies 23 Cipla 72 City Union Bank 43 Claris Lifesciences 72 Coal India Ltd. 62 Cochin Shipyard 82 Coffee Day Enterpris 87 Colgate Palm. 40 Confidence Petroleum 57 Container Corpor 88 Control Print Ltd. 87 Coromandel Internati 42 Cosmo Films 67 Cox & Kings L 63 Crest Ventures 45 Crisil 81 Crompton Greaves Con 33 Cummins India Lt 37 D B Realty Ltd. 24 Dabur India 40 Dalmia Bharat 63 Dalmia Bharat Sugar 84 Datamatics Global Se 23 DB Corp 59 DCB Bank 43 DCM Shriram 30 DCW Ltd. 71 Deccan Cements 16 Deep Industries 66 Deepak Fertilisers 42 Deepak Nitrite 19 Delta Corp Ltd. 24 Den Networks Ltd. 39 Dewan Housing 45 DFM Foods Limi 40 Dhampur Sugar 84 Dhanuka Agritech Ltd 70 Dilip Buildcon Ltd. 24 Disa India Ltd. 38 Dish TV India Ltd. 39 Divi’s Lab 72 Dixon Technologies 25 DLF Ltd. 24 Dollar Industries 86 Dr. Lal Pathlabs Ltd 50 Dr. Reddy’s Labs 72 Dredging Corpora 63 Dwarikesh Sugar 84 Dynamatic Techno 37 Edelweiss Fin. Ser 46 Eicher Motors 8 EIH Ltd. 51 Elantas Beck India L 19 Elecon Engg. 38 Electrosteel Cas 15 Electrosteel Steels 53 Elgi Equipments 21 Elpro Internl. 33 Emami Ltd. 40 Emami Paper Mill 69 Empire Inds. 47 Endurance Technologi 6 Engineers India 77 Entertainment Networ 39 Equitas Holdings Ltd 46 Eris Lifesciences 72 Eros International M 39 Escorts Ltd. 9 Essel Propack Ltd. 67 Eveready Industr 25 Everest Industries L 17 Excel Crop Care Ltd. 70 Excel Industries 70

29/07/17 26/07/17 03/08/17 01/08/17 12/07/17 21/07/17 22/09/17 29/08/17 18/08/17 21/07/17 24/06/17 28/07/17 17/08/17 13/09/17 04/09/17 28/07/17 23/09/17 14/09/17 09/09/17 17/07/17 29/07/17 15/09/17 04/08/17 23/03/17 22/07/17 29/07/17 22/09/17 07/07/17 14/09/17 25/08/17 07/09/17 28/08/17 26/05/17 25/07/17 19/09/17 05/08/17 26/08/17 14/09/17 19/06/17 16/09/17 22/09/17 15/07/17 22/07/17 21/08/17 09/08/17 05/09/17 03/08/17 25/09/17 19/09/17 21/09/17 29/07/17 14/07/17 19/07/17 25/08/17 12/08/17 03/08/17 24/07/17 02/08/17 26/07/17 02/05/17 28/07/17 09/09/17 01/11/17 22/07/17 01/09/17 28/07/17 07/08/17 20/07/17 22/07/17 13/09/17 24/08/17 24/06/17 22/09/17 22/09/16 09/09/17 23/06/15 01/08/17 19/07/17 15/07/17 28/07/17

NSE Code ASPINWALL CENTENKA CENTURYPLY CENTURYTEX CERA CESC CHAMBLFERT CHENNPETRO CHOLAFIN CIGNITITEC CIPLA CUB COALINDIA COCHINSHIP COFFEEDAY COLPAL CONCOR CONTROLPR COROMANDEL COSMOFILMS COX&KINGS CREST CRISIL CROMPTON CUMMINSIND DBREALTY DABUR DALMIABHA DALMIASUG DATAMATICS DBCORP DCBBANK DCMSHRIRAM DCW DECCANCE DEEPIND DEEPAKFERT DEEPAKNTR DELTACORP DEN DHFL DFMFOODS DHAMPURSUG DHANUKA DBL DISHTV DIVISLAB DIXON DLF ASPINWALL LALPATHLAB DRREDDY DREDGECORP DWARKESH DYNAMATECH EDELWEISS EICHERMOT EIHOTEL ELECON ELECTCAST ESL ELGIEQUIP EMAMILTD ENDURANCE ENGINERSIN ENIL EQUITAS ERIS EROSMEDIA ESCORTS ESSELPACK EVEREADY EVERESTIND EXCELCROP EXCELINDUS

DSIJ.in

Ticker 500086 530117 531599 500469 590024 532768 526227 500144 500940 532809 532518 502865 530023 500150 533400 523574 536507 533296 540064 540798 507488 505714 532155 526367 514167 509557 532622 532345 532309 522275 540755 506109 530343 532285 500171 511676 532715 500660 500676 532296 538595 505255 532754 540124 509567 506480 532734 500163 540743 532424 500164 533150 532439 500166 500168 532482 509488 500300 533282 500620 501455 531737 538979 526797 506076 511288 500690 532775 540602 509079 530001 524226 523768 500173 517300 532181 539336 533248 532702 538567 532708 590043 533162

Company Ind. Code Exide Inds. 6 Fairchem Speciality 19 FDC Ltd. 72 Federal Bank 43 Fertilisers & Ch 42 FIEM Industries 6 Filatex India 86 Finolex Cables 13 Finolex Industri 71 Firstsource Solution 23 Florence Investech 46 Forbes & Company Ltd 86 Fortune Financia 46 Foseco India Lim 19 Future Consumer 63 Future Enterprises 79 Future Lifestyle 79 Future Market Net 24 Future Retail L 79 Future Supply Chain 56 G M Breweries Ltd. 11 Gabriel India 6 GAIL (India) Ltd. 66 Ganesh Housing 24 Ganesha Ecosphere 86 Garware-Wall Rop 86 Gateway Distriparks 63 Gati Ltd. 27 GE Power India 76 GE T&D India 76 General Ins. Corp. 46 Genesys Int.Corp. 23 Genus Power Infrastr 33 Geojit Financial 46 GHCL 20 GIC Housing Fi 45 Gitanjali Gems 29 GlaxoSmithKline Phar 72 GlaxoSmithKlineConsu 40 Glenmark Pharma 72 Gloster L 86 GMM Pfaudler Ltd 38 GMR Infrastructure L 52 GNA Axles 6 Goa Carbons 71 GOCL Corporation 58 Godawari Power & Isp 53 Godfrey Philips 40 Godrej Agrovet L 40 Godrej Consumer Prod 40 Godrej Industries Lt 40 Godrej Properties Lt 24 Goldstone Infratech 85 Goodricke Group 73 Goodyear India 89 Granules India L 72 Graphite India Ltd. 36 Grasim Inds. 30 Gravita India Ltd. 61 Great Eastern 83 Greaves Cotton 37 Greencrest Financial 46 Greenlam Industries 54 Greenply Industr 54 Grindwell Norton 37 GRUH Finance Li 45 GSFC 42 GTL Infrastructure 85 GTPL Hathway 39 Gufic BioSciences Lt 72 Guj. Alkalie & C 20 Guj. Amb.Exports 32 Guj. Borosil Ltd 47 Guj. Fluorochemi 19 Guj. Industries 75 Guj. Mineral Dev 62 Gujarat Gas 57 Gujarat Pipavav Port 82 GujaratStatePetronet 71 Gulf Oil Lubricants 58 GVK Power & Infrastr 75 Harita Seating Syst. 6 Hathway Cable & Data 39

DSIJ.in

Book NSE Closure Code 21/07/17 EXIDEIND 05/08/17 FAIRCHEM 10/08/17 FDC 05/07/17 FEDERALBNK 18/09/17 FACT 15/08/17 FIEMIND 15/09/17 FILATEX 18/09/17 FINCABLES 29/07/17 FINPIPE 01/08/17 FSL 19/08/17 18/08/17 03/08/16 FORTUNEFIN 22/04/17 FOSECOIND 23/08/17 FCONSUMER 20/08/15 FEL 20/08/15 FLFL 09/09/17 FMNL FRETAIL FSC 12/05/17 GMBREW 02/08/17 GABRIEL 02/09/17 GAIL 09/09/17 GANESHHOUC 19/09/17 GANECOS 29/07/17 GARWALLROP 24/07/17 GDL 25/07/17 GATI 25/07/17 GEPIL 19/07/17 GET&D 16/03/98 GICRE 21/09/17 GENESYS 16/09/17 GENUSPOWER 13/07/17 GEOJITFSL 23/06/17 GHCL 18/07/17 GICHSGFIN 16/09/17 GITANJALI 18/07/17 GLAXO 04/08/17 GSKCONS 22/09/17 GLENMARK 15/09/17 21/09/17 22/09/17 GMRINFRA GNA 24/06/17 GOACARBON 23/08/17 GOCLCORP 18/09/17 GPIL 09/09/17 GODFRYPHLP - GODREJAGRO 08/08/16 GODREJCP 04/08/17 GODREJIND 29/07/15 GODREJPROP 22/09/17 GOLDINFRA 21/07/17 03/08/17 22/09/17 GRANULES 29/07/17 GRAPHITE 12/09/17 GRASIM 03/08/17 GRAVITA 04/08/17 GESHIP 28/07/17 GREAVESCOT 19/09/17 15/08/17 GREENLAM 07/07/17 GREENPLY 19/07/17 GRINDWELL 07/06/17 GRUH 02/09/17 GSFC 23/09/15 GTLINFRA 17/09/17 GTPL 30/08/17 GUFICBIO 02/09/17 GUJALKALI 01/09/17 GAEL 02/08/17 16/09/17 GUJFLUORO 11/08/17 GIPCL 22/09/17 GMDCLTD 22/09/17 GUJGASLTD 04/08/17 GPPL 22/09/17 GSPL 11/09/17 GULFOILLUB 25/09/17 GVKPIL 05/08/15 HARITASEAT 13/08/16 HATHWAY

Ticker 531531 517354 508486 517271 500179 532281 500010 500180 540777 532873 539787 509631 500292 519552 500182 524669 532129 524735 509675 500183 500184 514043 509635 513599 515145 500186 500104 500188 500185 500440 532859 500189 533217 500696 500191 522064 517174 540136 500187 532662 532799 540530 509820 500199 532174 540716 540133 532835 500116 532822 539437 532659 507438 505726 517380 532636 532907 511208 533177 530005 590065 532240 532189 535789 532832 532960 532814 540750 500850 504741 533047 530965 532388 533329 521016 532612 532514 532187 506222 539807 533154 532777

Company Ind. Code Hatsun Agro Prod 40 Havells India 33 Hawkins Cookers 25 HBL Power Systems Lt 6 HCL Infosystem 22 HCL Technologies 23 HDFC 45 HDFC Bank 43 HDFC Standard Life 46 HDIL 24 Healthcare Global En 50 HEG Ltd. 36 Heidelberg Cement In 16 Heritage Foods 40 Hero MotoCorp 5 Hester Biosciences L 72 Hexaware Technologie 23 Hikal Ltd. 72 HIL 17 Himachal F. Comm 85 Himadri Speciality 19 Himatsingka Seid 86 Hind. Composites 6 Hind. Copper 61 Hind. NationalGl 47 Hind. Oil Explor 66 Hind. Petrol 78 Hind. Zinc 61 Hind.ConstructionCo. 24 Hindalco Indus. 2 Hinduja Global Solut 23 Hinduja Ventures 23 Hindustan Media Vent 59 Hindustan Unilever L 40 HMT Ltd. 9 Honda Siel Power 34 Honeywell Automation 37 HPL Electric & Power 33 HSIL Ltd. 18 HT Media 59 Hubtown 24 HUDCO 46 Huhtamaki PPL 67 I G Petrochemicals 19 ICICI Bank 43 ICICI Lombard Gen. 46 ICICI Pru Life 46 ICRA Ltd. 81 IDBI Bank Ltd. 44 Idea Cellular Ltd. 64 IDFC Bank 43 IDFC L 46 IFB Agro Indus 11 IFB Industries 25 Igarashi Motors Indi 33 IIFL Holdings 46 IL&FS Engineering 24 IL&FS Investment Man 46 IL&FS Transportation 88 India Cements Lt 16 India Motor Part 87 India Nippon Ele 6 India Power Corp 75 India Tourism De 51 Indiabulls Housing F 46 Indiabulls Real Esta 24 Indiabulls Ventures 46 Indian Bank 44 Indian Energy Exchan 46 Indian Hotels Co 51 Indian Hume Pipe 17 Indian Metal & F 62 Indian Oil Corp 78 Indian Overseas 44 Indian Terrain Fashi 86 Indo Count Inds. 86 Indoco Remedies 72 Indraprastha Gas Ltd 63 IndusInd Bank 43 INEOS Styrolution 71 Infibeam Incorp 81 Infinite Computer So 23 Info Edge (India) 63

Book NSE Closure Code 22/07/17 HATSUN 23/06/17 HAVELLS 27/07/17 20/09/17 HBLPOWER 11/09/17 HCL-INSYS 14/09/17 HCLTECH 18/07/17 HDFC 04/07/15 HDFCBANK HDFCLIFE 23/09/17 HDIL 07/08/17 HCG 16/09/17 HEG 16/09/17 HEIDELBERG 16/08/17 HERITGFOOD 04/07/17 HEROMOTOCO 22/07/17 HESTERBIO 05/04/17 HEXAWARE 04/08/17 HIKAL 12/07/17 HIL 19/09/17 HFCL 15/09/17 HSCL 16/09/17 HIMATSEIDE 06/09/17 HINDCOMPOS 17/08/17 HINDCOPPER 11/09/17 HINDNATGLS 19/09/17 HINDOILEXP 01/08/16 HINDPETRO 14/08/17 HINDZINC 30/06/17 HCC 07/09/17 HINDALCO 27/09/17 HGS 22/09/17 HINDUJAVEN 13/09/17 HMVL 24/06/17 HINDUNILVR 07/12/17 HMT 29/07/17 HONDAPOWER 09/07/15 HONAUT 21/09/17 HPL 22/07/17 HSIL 18/09/17 HTMEDIA 18/09/17 HUBTOWN 16/09/17 HUDCO 02/06/17 PAPERPROD 14/09/17 IGPL 22/06/17 ICICIBANK ICICIGI 11/07/17 ICICIPRULI 01/08/17 ICRA 12/07/17 IDBI 24/06/17 IDEA 22/07/17 IDFCBANK 22/07/17 IDFC 16/07/16 IFBAGRO 16/07/16 IFBIND 27/07/17 IGARASHI 16/07/17 IIFL 22/08/17 IL&FSENGG 31/08/17 IVC 22/08/17 IL&FSTRANS 29/08/17 INDIACEM 29/08/17 IMPAL 18/08/17 INDNIPPON 29/07/17 ASPINWALL 25/09/17 ITDC 04/09/17 IBULHSGFIN 25/09/17 IBREALEST 25/09/17 IBVENTURES 06/06/17 INDIANB IEX 15/08/17 INDHOTEL 30/06/17 INDIANHUME 11/07/17 IMFA 22/08/17 IOC 21/06/17 IOB 16/09/17 INDTERRAIN 09/08/17 ICIL 02/08/17 INDOCO 20/09/17 IGL 20/07/17 INDUSINDBK 04/08/17 INEOSSTYRO 09/09/16 INFIBEAM 22/09/17 INFINITE 15/07/17 NAUKRI

Ticker 500209 500210 532706 539083 532851 538835 539448 502330 533181 500214 524494 532947 533033 508807 500875 509496 523610 506943 532940 500219 532627 532532 532209 520051 520066 524330 514034 532605 532617 500227 500378 532286 539597 531543 532644 500380 532162 530007 523405 522263 523398 533148 532642 500228 533155 530019 535648 532926 500233 522287 533302 500235 532468 500165 532652 532899 539276 590066 532714 505890 502937 540775 524019 540680 532967 500241 500245 500243 533293 505283 521248 532942 523207 532924 500247 523323 532400 532889 530813 500249 519421 532937 536170

Company Ind. Code Infosys 23 Ingersoll Rand 21 Inox Leisure 39 Inox Wind Ltd. 38 Insecticides (India) 70 Intellect Design 23 InterGlobe Aviation 1 International Paper 69 Intrasoft Technologi 23 Ion Exchange (India) 37 Ipca Laboratorie 72 IRB Infrastructure 24 ISGEC Heavy Eng 38 IST Ltd. 6 ITC Ltd. 40 ITD Cementation Indi 24 ITI 85 J B Chemicals & Phar 72 J Kumar Infraproject 24 Jain Irrigation 63 Jaiprakash Power Ven 75 JaiprakashAssociates 24 Jammu & Kashmir Bank 43 Jamna Auto Inds. 6 Jay Bharat Marut 6 Jayant Agro Org 19 JBF Industries 86 JBM Auto 6 Jet Airways 1 Jindal Poly Films 67 Jindal Saw 53 Jindal St & Pwr 53 Jindal Stainless (Hi 53 Jindal Worldwide 86 JK Cement 16 JK Lakshmi Cement L 16 JK Paper Ltd. 69 JK Tyre & Industries 89 JM Financial Ltd. 46 JMC Projects 24 Johnson Controls-Hit 25 JSW Energy Ltd. 75 JSW Holdings 46 JSW Steel 53 Jubilant Foodworks L 40 Jubilant Life Scienc 72 Just Dial 81 Jyothy Laboratories 40 Kajaria Ceramics 18 Kalpataru Power 76 Kalyani Investment 46 Kalyani Steel 53 Kama Holdings Ltd. 46 Kansai Nerolac Paint 68 Karnataka Bank 43 Kaveri Seed Company 49 Kaya L 40 KCP Ltd. 16 KEC International Lt 76 Kennametal India 37 Kesoram Industri 30 Khadim India 55 Kingfa Science & Tec 74 KIOCL 62 Kiri Industries 31 Kirloskar Bros. 37 Kirloskar Ferrou 53 Kirloskar Industries 37 Kirloskar Oil Engine 37 Kirloskar Pneumatic 21 Kitex Garments 86 KNR Constructions 24 Kokuyo Camlin 30 Kolte-Patil Develope 24 Kotak Mahindra Bank 43 Kovai Medical 50 KPIT Technologies 23 KPR Mill Ltd. 86 KRBL Ltd. 87 KSB Pumps 37 KSE 4 Kuantum Papers 69 Kushal L 69

Book NSE Closure Code 03/06/17 INFY 18/07/17 INGERRAND 16/09/17 INOXLEISUR 21/09/17 INOXWIND 31/07/17 INSECTICID 11/08/17 INTELLECT 22/08/17 INDIGO 21/08/15 IPAPPM 15/08/17 ISFT 07/09/17 29/07/17 IPCALAB 21/08/17 IRB 22/07/17 23/09/17 07/06/17 ITC 05/05/17 ITDCEM 21/09/17 ITI 13/09/17 JBCHEPHARM 22/09/17 JKIL 18/09/17 JISLJALEQS 08/09/17 JPPOWER 15/09/17 JPASSOCIAT 13/07/16 J&KBANK 29/07/17 JAMNAAUTO 12/08/17 JAYBARMARU 01/07/17 JAYAGROGN 18/09/17 JBFIND 12/08/17 JBMA 05/09/17 JETAIRWAYS 12/08/17 JINDALPOLY 19/09/17 JINDALSAW 13/09/17 JINDALSTEL 15/09/17 JSLHISAR 21/09/17 JINDWORLD 20/07/17 JKCEMENT 01/09/17 JKLAKSHMI 30/05/17 JKPAPER 29/07/17 JKTYRE 15/05/17 JMFINANCIL 05/08/17 JMCPROJECT 02/08/17 JCHAC 04/07/17 JSWENERGY 28/06/16 JSWHL 14/06/17 JSWSTEEL 22/08/17 JUBLFOOD 19/08/17 JUBILANT 14/09/15 JUSTDIAL 05/07/17 JYOTHYLAB 05/08/17 KAJARIACER 05/08/17 KALPATPOWR 01/08/17 KICL 26/07/17 KSL 21/09/17 15/06/17 KANSAINER 10/07/17 KTKBANK 23/09/17 KSCL 27/07/17 KAYA 25/08/17 KCP 20/07/17 KEC 01/11/17 23/06/17 KESORAMIND KHADIM 19/09/17 KINGFA 25/08/17 KIOCL 22/09/17 KIRIINDUS 20/07/15 25/07/17 22/08/17 KIRLOSIND 29/07/17 KIRLOSENG 21/07/17 13/06/17 KITEX 23/09/17 KNRCON 25/07/16 KOKUYOCMLN 22/09/17 KOLTEPATIL 14/07/17 KOTAKBANK 01/08/17 12/08/17 KPIT 22/08/17 KPRMILL 12/09/17 KRBL 16/04/17 KSBPUMPS 25/08/17 09/09/17 21/09/17 -

Ticker 531882 533519 540005 540115 526947 500252 534690 517518 500250 500253 523457 532783 532796 517206 500257 539542 522241 532720 590134 524000 500266 500265 539957 500520 532756 533088 532313 540768 590078 539289 513269 533169 531213 502157 530011 500109 539207 503101 531642 524404 532500 540749 523704 540704 500271 539981 539940 522249 532654 512267 531146 532865 539126 500126 540744 540023 538962 532539 532819 526642 513377 533286 533080 513446 524084 538836 500288 517334 532892 526299 532440 500290 500108 500460 526169 520059 520043 540366 511766 533398 516082 524709 539917

Company Ind. Book NSE Code Closure Code Kwality 40 23/09/17 KWALITY L&T Finance Holdings 46 22/08/17 L&TFH L&T Infotech 23 18/08/17 LTI L&T Technology Serv 37 17/08/17 LTTS La Opala RG Ltd. 47 16/08/17 LAOPALA Lakshmi Machines 38 01/08/17 LAXMIMACH Lakshmi Vilas Ba 43 11/07/17 LAKSHVILAS Leel Electricals 25 20/09/17 LEEL LG Balakrishnan&Bros 6 21/07/17 LGBBROSLTD LIC Housing Fi 45 10/08/17 LICHSGFIN Linde India 63 11/04/17 LINDEINDIA LT Foods Ltd. 87 12/09/17 DAAWAT Lumax Auto Technolog 6 11/08/17 LUMAXTECH Lumax Inds. 6 15/07/17 LUMAXIND Lupin Ltd. 72 26/07/17 LUPIN Lux Industries 86 15/09/17 LUXIND M M Forgings Ltd. 15 20/09/17 MMFL M&M Fin.Services 46 18/07/17 M&MFIN Madras Fertilize 42 16/09/17 MADRASFERT Magma Fincorp Ltd. 46 27/07/17 MAGMA Maha. Scooters 5 08/07/17 MAHSCOOTER Maha. Seamless 53 14/09/17 MAHSEAMLES Mahanagar Gas 57 16/09/17 MGL Mahi. & Mahi 7 15/07/17 M&M Mahindra CIE Auto 15 21/04/17 MAHINDCIE Mahindra Holidays 51 07/06/17 MHRIL Mahindra Lifespace D 24 15/07/17 MAHLIFE Mahindra Logistics L 56 MAHLOG Maithan Alloys Ltd. 41 21/08/17 MAITHANALL Majesco L 23 29/07/17 MAJESCO Man Industries I 53 21/09/17 MANINDS Man Infraconstructio 24 24/08/17 MANINFRA Manappuram Finance 46 31/07/15 MANAPPURAM Mangalam Cement 16 26/08/17 MANGLMCEM Mangalore Chem. 42 19/09/17 MANGCHEFER Mangalore Refine 78 12/08/17 MRPL Manpasand Beverage 11 23/08/17 MANPASAND MarathonNextgenRea 24 12/09/17 MARATHON Marico Ltd. 40 28/07/17 MARICO Marksans Pharma 72 21/09/17 MARKSANS Maruti Suzuki India 7 29/08/17 MARUTI Mas Financial Servic 46 MASFIN Mastek Li 23 16/06/17 MASTEK Matrimony.com 81 - MATRIMONY Max Financial Servic 46 20/09/17 MFSL Max India 46 20/09/17 MAXINDIA Max Ventures and Ind 67 21/09/16 MAXVIL Mayur Uniquoters 74 06/07/17 MAYURUNIQ McLeod Russel 73 03/08/17 MCLEODRUSS Media Matrix Worldwi 39 23/09/17 Medicamen Biotec 72 06/09/17 Meghmani Organics Lt 70 20/07/17 MEGH MEP Infrastructure 52 21/07/17 MEP Merck Ltd. 72 29/05/17 MERCK Mideast Integrated 53 26/04/00 Millitoons Entertain 39 22/09/16 Minda Corporation 6 12/08/17 MINDACORP Minda Industries 6 23/08/17 MINDAIND MindTree Ltd. 23 12/07/17 MINDTREE Mirza International 55 22/09/17 MIRZAINT MMTC Ltd. 87 16/09/17 MMTC MOIL Ltd. 62 09/09/17 MOIL Mold-Tek Packaging 74 16/09/17 MOLDTKPAC Monnet Ispat & Energ 53 21/09/17 MONNETISPA Monsanto India 70 25/07/17 MONSANTO Monte Carlo Fashions 86 23/09/17 MONTECARLO Morepen Labs.Lt 72 16/09/17 MOREPENLAB MothersonSumiSystems 6 18/08/17 MOTHERSUMI Motilal Oswal Financ 46 03/08/15 MOTILALOFS MphasiS Ltd. 23 15/07/17 MPHASIS MPS Ltd. 59 17/07/17 MPSLTD MRF Ltd 89 29/07/17 MRF MTNL 64 21/09/17 MTNL Mukand Ltd. 53 15/07/17 MUKANDLTD Multibase India Ltd. 74 19/07/17 Munjal Auto Industr. 6 26/06/17 MUNJALAU Munjal Showa Ltd 6 12/08/17 MUNJALSHOW Music Broadcast 39 08/09/17 RADIOCITY Muthoot Capital 46 31/05/16 MUTHOOTCAP Muthoot Finance 46 14/09/17 MUTHOOTFIN N R Agarwal Indu 69 14/09/17 NRAIL NACL Industries L 70 29/07/17 NACLIND Nagarjuna Fertilizer 42 19/09/17 NAGAFERT

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Databank Ticker 532256 539551 524816 537291 532234 513023 532504 539332 508989 534309 500294 502168 532649 532864 500790 533098 500304 532541 500307 513683 526371 500730 500672 530367 531209 533273 502165 533106 531092 532880 500312 532466 535754 533263 502420 534076 500315 506579 500314 590086 539290 500459 532827 531349 524820 539889 532780 531120 534809 503031 513228 533179 532522 500680 506590 503100 523642 500331 539883 500302 532366 540173 539150 523628 532254 531768 524051 532810 532898 539302 532934 539351 522205 506022 539636 533274 540293 532748 500338 540544 532524 533344 532693 533295

Company

Ind. Book Code Closure

Nalwa Sons Investmen Narayana Hrudayalaya Natco Pharma Nath Bio-Genes National Alumini Nava Bharat Ventures Navin Fluorine Inter Navkar Corporation L Navneet Education NBCC (India) NCC NCL Industries Nectar Lifesciences Nelcast Ltd. Nestle India NHPC NIIT Ltd. NIIT Technologies Nirlon NLC India L NMDC Ltd. NOCIL Ltd. Novartis NRB Bearings Lim Nucleus Software Oberoi Realty OCL India Limi Oil India Ltd. OM Metals Infraproje Omaxe Ltd. ONGC Oracle Financial Ser Orient Cement Ltd. Orient Green Power C Orient Paper Orient Refractories Oriental Bank of Oriental Carbon Oriental Hotels Orissa Minerals Deve Oswal Green Tech P&G Hygiene&Health Page Industries Ltd. Panacea Biotec L Panama Petrochem Parag Milk Foods Parsvnath Developers Patel Engg. Ltd. PC Jeweller L Peninsula Land L Pennar Industrie Persistent Systems PetronetLNG Pfizer Ltd. Phillips Carbon Phoenix Mills PI Industries Pidilite Inds. Pilani Investmen Piramal Enterprises PNB Gilts Ltd. PNB Housing Finance PNC Infratech Poddar Housing Polaris Consulting Poly Medicure Lt Polyplex Corpn. Power Finance Co Power Grid Corpo Power Mech Projects PPAP Automotive Prabhat Dairy Praj Industries Prakash Indus. Precision Camshafts Prestige Estates Pro Pricol L Prime Focus Prism Cement Lim PSP Projects PTC India PTC India Financial Punj Lloyd Punj. & Sind Ban

46 50 72 49 2 30 19 56 59 24 24 16 72 15 40 75 23 23 63 75 62 71 72 10 23 24 16 66 77 24 66 23 16 75 30 63 44 14 51 62 46 40 86 72 19 40 24 24 29 24 53 23 71 72 14 24 70 19 46 72 46 45 24 24 23 60 67 46 76 77 74 40 38 30 6 24 6 39 16 24 75 46 24 44

NSE Code

Ticker

19/09/17 NSIL NH 22/09/17 NATCOPHARM 17/08/17 NATHBIOGEN 20/09/17 NATIONALUM 04/08/17 NBVENTURES 20/06/17 NAVINFLUOR 18/08/17 NAVKARCORP 27/07/17 NAVNETEDUL 11/09/17 NBCC 09/08/17 NCC 16/09/17 NCLIND 22/09/17 NECLIFE 29/07/17 NELCAST 23/05/17 NESTLEIND 15/09/17 NHPC 23/07/16 NIITLTD 16/09/17 NIITTECH 15/09/17 23/09/17 NLCINDIA 18/09/17 NMDC 21/07/17 NOCIL 21/07/17 07/08/17 NRBBEARING 03/07/17 NUCLEUS 27/06/15 OBEROIRLTY 13/09/17 OCL 16/09/17 OIL 22/09/17 OMMETALS 22/09/17 OMAXE 23/09/17 ONGC 14/09/17 OFSS 18/09/17 ORIENTCEM 04/08/17 GREENPOWER 05/08/17 ORIENTPPR 12/09/17 ORIENTREF 23/06/17 ORIENTBANK 22/07/17 OCCL 21/07/17 ORIENTHOT 09/09/17 ORISSAMINE 22/09/17 BINDALAGRO 09/11/17 PGHH 04/08/17 PAGEIND 20/09/17 PANACEABIO 29/08/17 PANAMAPET 03/08/17 PARAGMILK 21/09/17 PARSVNATH 22/09/15 PATELENG 23/06/17 PCJEWELLER 19/08/17 PENINLAND 22/09/17 PENIND 14/07/17 PERSISTENT 09/09/17 PETRONET 24/08/17 PFIZER 21/11/17 PHILIPCARB 20/09/17 PHOENIXLTD 01/09/17 PIIND 25/08/17 PIDILITIND 18/08/17 PILANIINVS 25/07/17 PEL 09/09/17 PNBGILTS 27/07/17 PNBHOUSING 23/09/17 PNCINFRA 10/08/17 PODDARHOUS 14/09/17 POLARIS 22/09/17 POLYMED 04/09/17 POLYPLEX 13/09/17 PFC 13/09/17 POWERGRID 23/09/17 POWERMECH 17/08/17 PPAP 03/08/17 PRABHAT 04/08/17 PRAJIND 22/07/17 PRAKASH 18/09/16 PRECAM 21/09/17 PRESTIGE 17/08/17 PRICOLLTD 21/09/17 PFOCUS 03/08/17 PRISMCEM 18/09/17 PSPPROJECT 15/09/17 PTC 15/09/17 PFS 14/09/17 PUNJLLOYD 23/06/17 PSB

532461 532891 532689 539978 539678 532497 500339 532503 531500 500355 532369 532370 532527 533262 532661 532987 505800 524230 534597 533122 500330 540065 530517 500111 532712 540709 523445 500325 500390 533107 540767 532939 532915 535322 505509 500366 532983 533284 500350 533552 532955 533470 540497 539450 540048 532710 539346 523025 502090 526725 504918 526521 530073 500674 519260 504614 532163 532663 539404 540719 505790 534139 532900 540673 512529 502450 505075 524324 501423 531431 540425 522034 538666 540203 523598 532776 532638 500387 539334 520151 532498 532945 -

Company Index Company

Ind. Book Code Closure

Punj. NationlBak 44 Puravankara 24 PVR Ltd. 39 Quess Corp 81 Quick Heal Technolog 23 Radico Khaitan Ltd. 11 Rain Industries 16 Rajapalayam Mill 86 Rajesh Exports L 29 Rallis India 70 Ramco Industries 17 Ramco Systems Lt 23 Ramkrishna Forgings 15 Ramky Infrastructure 24 Rane (Madras) 6 Rane Brake Lining Lt 6 Rane Holdings Ltd. 46 Rashtriya Chemicals 42 RattanIndia Infra 52 RattanIndia Power 75 Raymond Ltd 86 RBL Bank 43 Relaxo Footwears 55 Reliance Capital 46 Reliance Com 64 Reliance Home Fin 45 Reliance Ind.Inf 77 Reliance Inds. 30 Reliance Infrastruct 75 Reliance Naval 82 Reliance NipLifeAML 46 Reliance Power L 75 Religare Enterprises 46 Repco Home Finance L 45 Responsive Industrie 74 Rolta India 23 RPG Life Sciences 72 RPP Infra Projects L 24 RSWM Ltd. 86 Rupa & Company L 86 Rural Electrific 46 Rushil Decor Ltd. 54 S Chand & Company 81 S H Kelkar & Company 19 S P Apparels Ltd. 86 Sadbhav Engineering 24 Sadbhav Infrastructu 77 Safari Indus. 74 Sagar Cements 16 Sandesh 59 Sandur M & I Ore 62 Sanghi Industrie 17 Sanghvi Movers L 38 Sanofi India 72 Sanwaria Consumer 32 Sarda Energy & Miner 53 Saregama India Ltd. 39 Sasken Technologies 23 Satin Creditcare 46 SBI Life Insurance 46 Schaeffler India 10 Schneider Electric 33 SE Investments 46 Security and Intelli 81 Sequent Scientific 72 Seshasayee Paper 69 Setco Automotive 6 Seya Industries 19 Shaily Engineering P 74 Shakti Pumps (In 37 Shankara Building Pr 87 Shanthi Gears 6 Sharda Cropchem 70 Sheela Foam 71 Shipping Corpn. 83 Shivam Autotech Ltd. 6 Shoppers Stop 79 Shree Cement 16 Shree Pushkar Chemic 19 Shrenik L 69 Shreyas Shipping & L 83 Shriram City Uni 46 Shriram EPC Ltd. 77 Shriram Pistons 6

NSE Code

23/06/17 PNB 22/08/17 PURVA 19/07/17 PVR 17/07/17 QUESS 05/08/17 QUICKHEAL 23/09/17 RADICO 28/04/17 RAIN 07/08/15 23/09/17 RAJESHEXPO 13/06/17 RALLIS 17/09/15 RAMCOIND 06/08/15 RAMCOSYS 09/09/17 RKFORGE 24/09/15 RAMKY 24/07/15 RML 13/07/15 RBL 05/08/15 RANEHOLDIN 15/09/17 RCF 13/09/17 RTNINFRA 13/09/17 RTNPOWER 27/05/17 RAYMOND 29/07/17 RBLBANK 15/09/17 RELAXO 23/09/17 RELCAPITAL 16/09/17 RCOM RHFL 24/05/16 RIIL 12/05/15 RELIANCE 16/09/17 RELINFRA 16/08/17 RNAVAL RNAM 16/09/17 RPOWER 14/09/17 RELIGARE 15/09/17 REPCOHOME 23/09/17 RESPONIND 21/09/17 ROLTA 17/07/17 RPGLIFE 02/09/17 RPPINFRA 21/09/17 RSWM 25/08/17 RUPA 16/09/17 RECLTD 18/09/17 RUSHIL 19/09/17 SCHAND 04/08/17 SHK 05/08/17 SPAL 16/09/17 SADBHAV 19/09/17 SADBHIN 24/08/17 16/09/17 SAGCEM 15/09/17 SANDESH 20/09/17 29/09/15 SANGHIIND 26/07/17 SANGHVIMOV 27/04/17 SANOFI 27/09/17 SANWARIA 21/08/17 SARDAEN 22/07/17 SAREGAMA 15/07/17 SASKEN 30/06/17 SATIN SBILIFE 15/04/17 SCHAEFFLER 16/09/17 SCHNEIDER 20/09/17 SEINV SIS 19/09/16 SEQUENT 20/07/17 SESHAPAPER 20/09/17 SETCO 21/09/17 04/09/17 20/09/17 SHAKTIPUMP 19/07/17 SHANKARA 15/07/17 SHANTIGEAR 14/09/17 SHARDACROP 14/07/17 SFL 22/09/17 SCI 22/09/17 SHIVAMAUTO 24/07/17 SHOPERSTOP 25/07/17 SHREECEM 04/09/17 SHREEPUSHK 29/07/17 ASPINWALL 14/07/17 SHREYAS 24/06/17 SHRIRAMCIT 21/08/17 SHRIRAMEPC 29/07/17 ASPINWALL

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

Ticker

Company

511218 520086 500550 523838 502742 540653 532795 503811 533206 500472 539861 538562 505192 538635 532784 532725 531548 520057 532221 532218 534425 590030 500285 523756 513605 540575 513262 530759 532374 504959 517168 533306 532872 524715 532733 520056 500403 590071 500404 512179 532509 509930 500405 500336 532782 530239 532667 500407 517385 532276 531426 532390 532890 533200 519091 532301 500483 532540 500408 500800 501301 513434 500570 500400 513010 500470 532371 540212 532349 539658 532755 533281 532804 540595 505400 533326 533158 531373 540769 500260 500411 500412 500413 504973

Shriram Trans.Fi Sical Logistics Siemens Ltd. Simplex Infrastructu Sintex Industrie Sintex Plastics Tech SITI Networks Siyaram Silk SJVN Ltd. SKF India SKIL Infrastructure Skipper Ltd. SML Isuzu Ltd. Snowman Logistics Lt Sobha Solar Industries Ind Somany Ceramics Ltd. Sona Koyo Steer. Sonata Software South Indian Ban Speciality Restauran SPIC Spicejet Ltd. SREI Infrastructure Srikalahasthi Pipes Star Cement Steel Strips Wheels Sterling Tools L Sterlite Technologie Stovec Indus. Subros Ltd. Summit Securities Sun Pharma Advanced Sun Pharma. Sun TV Network Ltd. Sundaram Clayton Sundaram Fasten. Sundaram Finance Sunflag Iron Sunteck Realty Ltd. Suprajit Enginee Supreme Inds. Supreme Petroche Surya Roshni Ltd Sutlej Textiles & In Suven Life Sciences Suzlon Energy Ltd. Swaraj Engines Symphony Syndicate Bank T Nadu Newsprint Taj GVK Hotels & Res Take Solutions Ltd. Talwalkars Better Va Tasty Bite Tata Coffee Ltd. Tata Communications Tata Consultancy Tata Elxsi Ltd. Tata Global Beverage Tata Investment Tata Metaliks Tata Motors Ltd. Tata Power Co. Tata Sponge Iron Tata Steel Tata Teleservices (M TCI Express TCI Ltd. TeamLease Service Tech Mahindra Ltd. Techno Electric & En Technocraft Industri Tejas Networks Texmaco Infrastructu Texmaco Rail & Engin Thangamayil Jeweller The Byke Hospitality The New India Assur The Ramco Cements Thermax Thirumalai Chem. Thomas Cook (I) TI Financial Holding

Ind. Book Code Closure 46 56 37 24 86 74 39 86 75 10 24 37 8 56 24 63 18 6 23 43 51 42 1 46 53 16 6 37 13 38 6 46 63 72 39 6 6 46 53 24 6 74 71 53 86 72 38 37 25 44 69 51 23 63 40 73 64 23 23 73 46 53 8 75 53 53 64 56 88 81 23 38 53 64 24 38 29 51 46 16 37 19 63 28

NSE Code

23/06/17 SRTRANSFIN 31/08/17 SICAL 02/02/17 SIEMENS 14/09/17 SIMPLEXINF 06/09/17 SINTEX 06/09/17 SPTL 22/09/17 SITINET 22/08/17 SIYSIL 16/09/17 SJVN 20/07/17 SKFINDIA 23/09/17 SKIL 30/08/17 SKIPPER 16/09/17 SMLISUZU 24/07/17 SNOWMAN 24/07/17 SOBHA 11/08/17 SOLARINDS 11/08/17 SOMANYCERA 17/08/17 SONASTEER 07/08/17 SONATSOFTW 05/07/17 SOUTHBANK 14/08/17 SPECIALITY 19/07/17 SPIC 21/11/17 14/07/17 SREINFRA 21/09/17 SRIPIPES 08/09/17 STARCEMENT 22/09/17 SSWL 15/09/17 STERTOOLS 01/07/17 STRTECH 05/05/17 09/09/17 SUBROS 11/09/17 SUMMITSEC 29/07/17 SPARC 20/09/17 SUNPHARMA 15/09/17 SUNTV 19/08/15 SUNCLAYLTD 12/08/17 SUNDRMFAST 06/07/17 SUNDARMFIN 16/09/17 SUNFLAG 21/09/17 SUNTECK 08/11/17 SUPRAJIT 23/06/17 SUPREMEIND 10/07/17 SUPPETRO 12/12/17 SURYAROSNI 25/08/17 SUTLEJTEX 11/08/17 SUVEN 16/09/17 SUZLON 08/07/17 SWARAJENG 25/08/17 SYMPHONY 17/06/17 SYNDIBANK 13/09/17 TNPL 26/07/17 TAJGVK 05/08/17 TAKE 23/09/17 TALWALKARS 26/08/17 TASTYBITE 04/07/17 TATACOFFEE 20/06/17 TATACOMM 15/06/17 TCS 20/07/17 TATAELXSI 08/08/17 TATAGLOBAL 08/08/17 TATAINVEST 15/07/17 TATAMETALI 20/07/16 TATAMOTORS 12/08/17 TATAPOWER 29/07/17 TATASPONGE 22/07/17 TATASTEEL 27/07/17 TTML 27/07/17 TCIEXP 28/07/17 TCI 01/07/17 TEAMLEASE 29/07/17 TECHM 06/09/17 TECHNO 25/09/17 TIIL 21/09/17 TEJASNET 11/09/17 TEXINFRA 11/09/17 TEXRAIL 20/07/17 THANGAMAYL 12/09/17 BYKE NIACL 31/07/15 RAMCOCEM 29/07/17 THERMAX 16/07/17 TIRUMALCHM 26/07/17 THOMASCOOK 22/07/16 TIFIN

Ticker 590005 532856 522113 504966 500114 500420 532779 526650 506687 500251 534369 521064 532356 533655 517506 540762 532800 532513 532343 509243 532505 530131 500148 539141 539874 532538 506690 532477 532646 507878 532478 532432 512070 517146 534976 532953 533269 519156 532156 511431 500439 502986 540180 533156 500295 523261 520113 532401 530961 524200 517015 507880 511726 509055 532660 532757 500575 539118 531266 533023 507410 533452 532553 514162 500444 505533 590073 500238 526586 507685 538268 505872 532616 532648 522108 505537 533287 532794 533339 504067 505163 534742 500780 531335

Company

Ind. Book Code Closure

Tide Water Oil 58 Time Technoplast Ltd 67 Timken India Ltd 10 Tin Plate Co. 61 Titan Company 25 Torrent Pharmac 72 Torrent Power Ltd. 75 Tourism Finance 46 Transpek Indus. 19 Trent Ltd. 79 Tribhovandas Bhimji 29 Trident Ltd. 86 Triveni Eng.&Ind.Ltd 84 Triveni Turbine 34 TTK Prestige L 25 Tube Investments 46 TV18 Broadcast 39 TVS Electronics 22 TVS Motor Co. Ltd. 5 TVS Srichakra Lt 89 UCO Bank 44 Udaipur Cement Works 16 Uflex Ltd. 67 UFO Moviez India Ltd 39 Ujjivan Financial 46 UltraTech Cement 16 Unichem Labs 72 Union Bank of In 44 Uniply Industries 54 Unitech Ltd. 24 United Breweries Ltd 11 United Spirits 11 UPL 70 Usha Martin Ltd. 53 V Mart Retail 79 V-Guard Ind.Ltd. 33 Va Tech Wabag Ltd. 37 Vadilal Indus. 40 Vaibhav Global Ltd. 29 Vakrangee 23 Vardhman Holdings 46 Vardhman Textiles Lt 86 Varun Beverages Ltd. 11 Vascon Engineers Ltd 24 Vedanta 62 Venkyâ&#x20AC;&#x2122;s (India) Ltd. 49 Vesuvius India 63 Vijaya Bank 44 Vikas Ecotech L 80 Vinati Organics 19 Vindhya Telelink 13 VIP Indus. 74 Vipul Ltd. 24 Visaka Indus. 17 Vivimed Labs 72 Voltamp Transformers 76 Voltas Ltd. 30 VRL Logistics Ltd. 56 VST Tillers Tr 9 WABCO India 6 Walchandnagar 38 Weizmann Forex 46 Welspun Enterprises 24 Welspun India 86 West Coast Paper 69 Westlife Development 51 Wheels India Ltd. 6 Whirlpool of Ind 25 Wim Plast Ltd 74 Wipro Ltd 23 Wonderla Holidays Lt 63 WPIL Ltd. 37 Xchanging Solutions 23 YES Bank Ltd. 43 Yuken India 37 Zee Entertainment En 39 Zee Learn Ltd. 23 Zee Media Corp 39 Zen Technologies Ltd 23 Zensar Technologies 23 ZF Steering Gear 6 Zuari Agro Chemicals 42 Zuari Global 24 Zydus Wellness Ltd. 40

NSE Code

20/07/17 TIDEWATER 25/09/17 TIMETECHNO 03/08/17 TIMKEN 11/07/17 TINPLATE 26/07/17 TITAN 21/06/17 TORNTPHARM 12/06/17 TORNTPOWER 18/09/17 TFCILTD 10/08/17 21/07/17 TRENT 13/09/17 TBZ 27/05/17 TRIDENT 21/09/15 TRIVENI 07/08/17 TRITURBINE 10/08/17 TTKPRESTIG TIINDIA 22/09/17 TV18BRDCST 03/08/15 TVSELECT 28/07/15 TVSMOTOR 17/08/17 TVSSRICHAK 22/06/17 UCOBANK 10/09/16 24/07/17 UFLEX 19/09/17 UFO 29/07/17 UJJIVAN 12/07/17 ULTRACEMCO 17/07/17 UNICHEMLAB 17/06/17 UNIONBANK 20/09/17 UNIPLY 23/09/17 UNITECH 17/09/17 UBL 24/08/17 MCDOWELL-N 24/06/17 UPL 14/09/17 USHAMART 12/09/17 VMART 25/07/17 VGUARD 15/07/17 WABAG 16/09/17 VADILALIND 31/08/17 VAIBHAVGBL 16/09/17 VAKRANGEE 11/09/17 VHL 11/09/17 VTL 11/04/17 VBL 23/09/15 VASCONEQ 10/07/17 VEDL 04/09/17 VENKEYS 29/04/15 VESUVIUS 17/06/17 VIJAYABANK 22/09/17 VIKASECO 20/07/17 VINATIORGA 18/07/17 VINDHYATEL 18/07/17 VIPIND 15/09/17 VIPULLTD 16/06/17 VISAKAIND 23/09/17 VIVIMEDLAB 07/08/17 VOLTAMP 08/08/17 VOLTAS 01/08/15 VRLLOG 05/08/17 VSTTILLERS 16/09/17 WABCOINDIA 07/02/15 WALCHANNAG 17/08/17 WEIZFOREX 18/09/17 WELENT 26/06/17 WELSPUNIND 19/08/17 WSTCSTPAPR 24/09/16 01/08/17 WHEELS 12/09/17 WHIRLPOOL 07/08/17 17/07/17 WIPRO 03/08/17 WONDERLA 19/08/17 07/09/17 XCHANGING 31/05/17 YESBANK 01/09/17 11/07/15 ZEEL 21/09/17 ZEELEARN 01/08/15 ZEEMEDIA 21/09/17 ZENTEC 12/07/17 ZENSARTECH 28/07/17 15/07/17 ZUARI 15/07/17 ZUARIGLOB 31/07/17 ZYDUSWELL

DSIJ.in

Cover Story

With the Indian economy on the growth path in line with the global economy, investors can look forward to positive returns in 2018, albeit amid heightened volatility. Yogesh Supekar and Nikita Singh find out how stocks have performed in 2017 and share their market outlook for 2018. 46

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

DSIJ.in

he global economy has been in an excellent growth trajectory in 2017 and indeed has been one of the key reasons behind the stupendous rally in global equity markets. The year 2017 will be remembered as one of the few years where both the developed economies and developing countries both expanded, thus leading to higher profits for corporates. Barring Venezuela, most of the major economies managed to deliver growth, and in the coming year 2018, the growth momentum in the world economy is expected to pick up. The world economy is forecasted to grow at 3.4 per cent in 2018, compared to its growth of 3.2 in 2017. The US economy is in good shape and is expected to further improve its strength in the coming year. The full employment level and price stability are expected to support US growth. Barring Venezuela, almost all of the nations are expected to grow in 2018. The crude oil prices may inch up, thus affecting the growth negatively in oil importing nations such as India. INDIAN ECONOMY The year 2017 was undoubtedly one of the most happening and vibrant year since 1990, when the Indian economy opened up for foreign investors. The demonetisation happened in November 2016 and its effects were felt till the beginning of the second half of CY2017. The growth rate slowed down for the Indian economy in 2017, but the DSIJ.in

CMP Company Name (Rs.) Quantity Gail (INDIA) Ltd 500 2380 Avanti Feeds Ltd 2561 668 Bank of Baroda 167 8163 Caplin Pont Laboratories Ltd 635 2236 JK Cement Ltd 1070 1009 Force Motors Ltd 3468 487 Fairchem Speciality Limited 493 3147 Total Portfolio Value BSE Sensex Prices as on 20/12/2017 economy is now on the growth trajectory once again. With the effects of GST and demonetisation already behind us, the coming year augurs well for the Indian economy. The latest UN report suggests that the Indian economy will grow at 7.2 per cent in the coming year and that will again be a world-beating GDP growth rate. Even though there is enhanced confidence in the Indian economy amongst the global investors, the report suggests there is a risk of sudden capital withdrawal by foreign investors as the developed countries are expected to normalise their monetary policies soon. GLOBAL MARKETS IN 2017 The global markets rallied in 2017 owing to the liquidity flux aided by healthy economic environment. In USD terms, emerging markets proved to be the best performing asset class yet again in 2017 (as on December 18, 2017). The MSCI Emerging Markets index was

Investment Value (Rs.) 1190000 1710000 1360000 1420000 1080000 1690000 1550000 10000000 33777.38

Weight (%) 11.9 17.1 13.6 14.2 10.8 16.9 15.5 100.00

up by 29.7 per cent on a YTD basis , followed by EMU (European Economic & Monetary Union) which was up by 23.9 per cent on a YTD basis. Japanese market impressed with its 20.2 per cent gain, while the UK markets managed to stay in the green by 12.6 per cent, notwithstanding the Brexit issue, which threatens the economic stability of the country. The US markets gained 19.6 per cent on a YTD basis. Within the emerging market space, the Emerging Markets Asia index was most impressive with its performance, clocking gains of 36.3 per cent on a YTD basis. The Emerging Markets Latin America index gained nearly 16 per cent on a YTD basis. The year 2017 started with reflation trading in the US markets, which helped the developed markets to rally. The highlight of the whole year 2017 was the lack of volatility in the equity markets. The calmness in the equity markets was so vocal that traders and investors would associate such calmness as a sign of

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Cover Story DSIJ Portfolio Performance

n the past four years, our portfolio has consistently outperformed the Indian benchmark index S&P BSE Sensex. The DSIJ portfolio has generated an average return of 36.34 per cent, as compared to the average return of 13.61 per cent generated by the S&P BSE Sensex. In 2014, the DSIJ portfolio boasted of an extraordinary return of 76 per cent, as against 31 per cent return generated by the Sensex. The year witnessed Gruh Finance and Eicher Motors, comprising the DSIJ portfolio,

Portfolio (%) Sensex (%)

2014 76 31

surging by 106 per cent and 197 per cent, respectively. In the year 2015, while the beaten down Sensex recorded a 9 per cent decline, DSIJ overwhelmingly outperformed the Sensex with over 29 per cent gains with stocks such as Garware-Wall Ropes rising by over 80 per cent. The year 2016, which was largely tormented by demonetisation, DSIJ portfolio recorded returns of 12.64 per cent, as against the Sensex returns of 5.42 per cent. The portfolio comprised of 7 stocks, out of which only one recorded

Year 2015 2016 29.7 12.64 -9 5.42

2017 27 27

Avg 36.34 13.61

decline in 2016. In the year 2017 till date, DSIJ portfolio has recorded gains of 27 per cent, which is in accord with the gains recorded by S&P BSE Sensex. In 2017, while the portfolio saw some unexpected stocks plummeting, with Advanced Enzyme Technologies going down by 36.27 per cent and MT Educare declining by 33.69 per cent, strong performances of APL Apollo Tubes, heavyweight HDFC Bank, and Navin Fluorine International cushioned the decline in the portfolio returns. Navin Flourine International recorded a return of 37 per cent during 2017, whereas APL Apollo Tubes and HDFC Bank posted 31.51 per cent and 30.36 per cent returns, respectively.

Amar Ambani

Rajat Jain

Partner and Head of Research IIFL Wealth Management

Chief Investment Officer Principal PNB Asset Management Company

Which sectors you think will do well in 2018? In the times to come, we can expect dramatic improvement in regional air, road and rail connectivity. Metals is another space likely to fare better incrementally in the wake of several positives. A few cycle-impacted stocks should also do well in line with the gradual capex recovery.

What is your view on the markets in 2018 and will small-caps outperform the major indices? Global growth is expected to be strong in 2018. The Indian economy too is expected to witness better growth momentum as the challenges of GST and demonetisation seem to be receding and the consumption outlook remains positive. The best of the macros are behind us and there are challenges building up in terms of rising interest rates.

What are the key risks for markets to watch out for in 2018? I foresee no major risk emanating in the domestic economy, certainly none that would be strong enough to derail this rally. If there is any threat, it could potentially emerge on the global front, maybe in the form of a geopolitical event, or a tech bubble in the US equities, or from the policy normalisation spree by central banks worldwide. Do you see steady liquidity flow into markets in 2018 as well? Will FIIs continue to invest in India in 2018? If a risk on rally does hit global shores, FPI money is bound to flow into a buoyant growth market like India. Yes, FIIs have indeed been secondary market sellers in the recent past, but it’s pertinent to note an almost offsetting effect that saw their money finding its way into the Indian primary market through IPO participation. Let’s not forget, they have been net buyers of Indian equities for the last three years. There’s no reason why they won’t remain buyers in 2018.

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

However, we expect earnings growth to pick up in the second half of FY18 and going into FY19 on the back of favourable base effect and improving demand conditions and that would be the key driver for the market. Valuations are slightly on the expensive side and that is what restricts the potential returns to modest double digits Where will the Sensex be by December 2018? We expect the market to continue to reward companies with good growth prospects and good visibility of growth. Mid and small-cap companies with good growth potential and good track record would thus outperform the major indices. We, however, expect the market to be much more choosy in rewarding those companies with a scalable and sustainable business model along with good growth prospects. DSIJ.in

imminent correction in the markets, only to be proven wrong as the markets kept on making record highs. The excellent performance of technology stocks was one of the highlights of 2017 as is reflected in superlative performance of Nasdaq which gained more than 25 per cent on a YTD basis. INDIAN MARKETS IN 2017 Indian markets have had a dream run in 2017 with a broad-based rally ensuring investors are richer this year when compared to previous year. The benchmark Sensex notched up an impressive gain of 25 per cent on a YTD basis. Hang Seng and Nasdaq are the only other major global indices that did better than India, managing to clock gains of 29.39 per cent and 25.99 per cent, respectively.

YTD Global Indices Performance Indices Change in % Sensex 25.02 Nifty 25.50 Nasdaq 25.99 FTSE 100 2.84 CAC 40 10.20 Dax 13.55 Nikkei 16.42 Straits Times 17.23 Hang Seng 29.39 Dow Jones 22.37 S&P 500 18.43 Data as on December 10, 2017

P/E 23.54 26.6 26.37 35.7 25 22.1 19.25 24 15.54 23.9 25.12

The year gone by saw small-caps and mid-caps rule the markets, with these indices recording gains of 49.40 per cent and 40.50 per cent, respectively. The consumer durable index was the best performing index among the sectoral indices, as it gained more than 90 per cent on a YTD basis, followed by the realty index, which was up by 84 per cent. All of the sectoral indices closed in the green in 2017, reflecting the bullish undertone in the markets during the year. The IT index was the only index DSIJ.in

YTD Sectoral Performance Sectoral Index Change in % BSE MidCap 40.50 BSE SmallCap 49.40 BSE LargeCap 26.42 BSE AllCap 31.79 BSE 500 31.28 BSE PSU 18.60 BSE Energy 38.73 BSE FMCG 29.83 BSE IT 6.58 BSE Auto 22.62 BSE Bankex 39.73 BSE Consumer Durables 91.15 BSE Metal 33.62 BSE Oil & Ga 31.88 BSE Power 14.95 BSE Realty 84.27 Data as on December 10, 2017

Ajay Bodke

that did not manage to post a double-

excess of 1000 per cent. These four companies that generated more than 1000 per cent returns are SORIL Holdings & Ventures Ltd., Indiabulls Ventures Ltd, California Software Company Ltd and HEG Ltd. The number of companies that delivered returns in excess of 500 per cent returns, but less than 1000 per cent, is 13.

Sanjeev Zarbade Vice-President-PCG Research Kotak Securities  T Going ahead, future direction of the market would be influenced by global monetary developments and fund flows from domestic and foreign investors. Central bank tightening and high oil prices would be the key risks.” 

CEO & Chief Portfolio Manager, PMS Prabhudas Lilladher  The demonising of major structural reforms like the GST and demonetisation was squarely rejected by the electorate. This would reinforce government's resolve to roll-on reforms juggaurnaut benefiting the economy and the markets. This would lead to an acceleration in foreign and domestic direct and portfolio investments 

The total number of companies that managed to deliver returns higher than 25 per cent is 1,232. In other words, there were as many as 1,232 companies that outperformed the Sensex in 2017 as of December 5, 2017. The number of companies that more than doubled in 2017 is 417.

All Stock Performance 2017 digit return. Out of the total 5,373 companies that are listed on the BSE, nearly 2,416 companies saw some trading activity. There were as many as 688 companies that delivered negative returns on a YTD basis (as on December 5) while the number of companies that delivered positive returns stood at 1,728. Out of the 1,728 companies that delivered positive returns on a YTD basis, there are at least 4 companies that delivered returns in

Returns(%) No. Of Socks 1000+ 4 500-1000 13 100-500 400 50-100 420 20-50 495 0-20 396 <0 688 Not traded 2957 Total 5373 Data as on December 10, 2017

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Cover Story Top SMALL CAP performers In 2017 Company Indiabulls Ventures HEG Sanwaria Consumer Graphite India Bhansali Engineering Polymers Rain Industries Data as on 8th of December , 2017

Simple Return(%) 1,146.75 1,018.59 719.61 695.96 634.37 534.49

IPO Markets In Last 5 Years Year

No. of issues

2017 35 73857.11 2016 26 26372.49 2015 21 11362.3 2014 5 1200.94 2013 3 1283.95 Data as on December 5 2017

Top MIDCAP performers In 2017 Company Endurance Technologies Dalmia Bharat Adani Enterprises Crompton Greaves Consumer Electricals Bank Of India Biocon Data as on 8th of December , 2017

Simple Return(%) 112 109.67 89.97 82.97 71.85 61.73

PENNY STOCKS' PERFORMANCE IN 2017 :With almost 516 penny stocks trading on the bourses, the performance of penny stocks was not that remarkable as one would have expected. Out of these 516 penny stocks, nearly 214 stocks managed to generate positive returns, with almost 53 stocks managing to generate returns in excess of 100 per cent.

All Penny Stock Performance In 2017 Returns(%) No. Of companies 1000+ 1 500-1000 3 100-500 49 50-100 40 20-50 55 0-20 74 <0 293 Total 515 Average (overall) 22.62% Average (+) 97.51% Positive Returns 214 Data as on December 10, 2017

IPOS IN 2017 The year 2017 saw several quality companies hitting the markets for the

Amount raised (Rs. Crore)

Average listing day gains(%) 20.31 13.24 10.64 28.76 1.95

Top 3 IPOs in 2017 COMPANY NAME Salasar Techno Engineering Ltd IPO Avenue Supermarts Limited IPO Central Depository Services (India) Limited IPO

first time and raising good amount of capital. We saw 35 companies raising Rs 73,857.11 crore from the markets and, on an average, delivering highly impressive listing gains of 20.31 per cent. Only in 2014 did we see better listing gains, but in 2014 we saw only five companies raising

Average issue size(Crore) 2110.20 1014.33 541.06 240.19 427.98

money from the primary markets. The BSE IPO index managed to deliver more than 40 per cent gains on a YTD basis, thus indicating that those investors who focused on IPOs for their investments managed to beat the major benchmark Sensex.

The upcoming year is expected to be vibrant 143.06% for the primary markets as the overall 114.58% market condition is 75.57% expected to be sound in 2018. Investors would be looking forward to the Reliance Jio IPO in 2018.

Listing Day Gains(%)

MUTUAL FUNDS IN 2017 One of the dominant participants in the Indian equity markets in 2017 were

Kaustubh Belapurkar Director of Fund Research, Morningstar India How have mutual funds performed in 2017. Which category of MFs have managed to surprise on the positive side? Equity mutual funds have had a stellar year so far in 2017. Many small and mid-cap funds have delivered returns in excess of 35% so far in 2017. Large-cap funds and flexi-cap funds have also done rather well and on an average delivered returns in the range of 25-30%. Small and mid-cap funds have continued to surprise on the upside. Given that valuations were already looking expensive at the end of 2016, there was an expectation of tempering of returns this year. Instead, 2017 witnessed continuing interest in small and mid-cap counters and the stocks continued to rally, with many of them hitting all-time highs. How many MFs have managed to beat benchmark when it comes to equity category? Looking at YTD 2017 returns, the number of equity funds beating their benchmarks has been lower at an average of 55%. Small and mid-cap funds specifically had a hard time beating their benchmarks as small and mid-cap stocks witnessed a huge dispersion in returns. Over the medium to long term (5 years), funds have had a good run with more than 80% of the funds beating their respective benchmarks. It is important to articulate, though, that most funds are benchmarked against a “Price Return Index”, which does not account for dividends paid by the constituent stocks, which is typically in the range of 1.5-2% p.a. If compared against a “Total Returns Index” (TRI), over a 5-year period 65-70% of the funds would have beaten the TRI benchmark. This is still a fairly healthy number, which suggests there is still merit in active management in India.

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

DSIJ.in

mutual funds in India. In fact, mutual funds and insurance companies, whom we together club as domestic institutional investors, continued their buying spree throughout the year. The consistency in MF buying into Indian equities nullified any negative impact on equity markets owing to FII selling in the Indian markets in 2017. The retail investors' confidence in the Indian equity markets led to mutual funds mopping up investments from the retail category in the form of SIPs (Systematic Investment Plans). The FIIs remained net sellers to the tune of `43,205.7 crore in Indian markets, while the DIIs were net buyers to the tune of `88,263.81 crore as on December 18, 2017.

Sunil Nyati,

Haresh Mehta

MD, Swastika Investmart Ltd

Chief Institutional trader, First Global

 Nifty and Sensex are likely to touch 13K and 40K respectively in 2018 

 I think we would end up with 18-20% return YoY in CY 2018, more or less in line with the global markets. 

Jayant Manglik President Retail Sales, Religare Securities Ltd.

 We believe that the Sensex has potential to touch 40,000 in the coming year. 

Tradebulls securities  We Expect Sensex to reach 36100 by Dec., 2018 

MARKET OUTLOOK – 2018 Markets in 2018 are all set for another year of economic growth and prosperity across the globe, leading to continuity in positive momentum in equity prices. The

Biggest Drivers For Emerging Markets Fed and Trump will continue to dictate moves Rank Factor

Federal Reserve

Donald Trump

European Central Bank/ Bank of Japan

China

Geopolitical Tensions

Oil

EM central bank actions

Source : Bloomberg

DSIJ.in

synchronous growth in the developed world and the emerging markets will ensure that the equity markets remain in good shape. There is a consensus among global fund managers on the potential upside in the Asian equities and chances are that the Asian markets may outperform their global peers in 2018. India markets, with its economy projected to grow by more than 7 per cent, can be expected to attract foreign investments in 2018. The only risk that the broader emerging markets are likely to face is that if the developed world moves towards normalisation of their monetary policies in respective countries, there might be flight of capital outside the emerging markets and that might put pressure on the stock prices. What will determine the capital movement is how fast the interest rates in the developed world move up and by how much. With all indications that the US Federal Reserve will be increasing interest rates three times in 2018, global fund managers will be

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Cover Story Ramnath Venkateswaran

Nilesh Shetty

Fund Manager â&#x20AC;&#x201C; Equity, LIC MF

Associate Fund Manager, Quantum AMC

Where will the outperformance come from next year? Resolution of the well-recognized NPL problem is likely to see concrete action next year. This will benefit banks with high NPLs and also companies in these sectors (metals, power, etc.) that can use this resolution process to buy good operating assets at a reasonable valuation. The companies in IT and pharma sectors are likely to see an improvement in their earnings profile at the margin, which can be a good trade given the valuations.

What are the key risks according to you for markets to watch out for in 2018? One is, of course, lack of earnings recovery, which was seen so far. Then, the other is state elections in Gujarat and the verdict is not as strong as earlier for the BJP, so I think there could be a reaction in the market. Third is, of course, globally inter-state conflicts arising, that is also applicable for India. Increase in crude oil prices is again a risk.

How will the markets perform in 2018 and what would be your Sensex target for 2018? It is difficult to predict annual returns for equity markets. However, we remain confident that the equity markets are likely to deliver healthy post-tax returns over the next 3-5 years as the economic cycle is showing definite signs of cyclical improvement and the overall leverage in the system is within manageable levels.

What are the positive triggers you may be expecting for the markets in 2018? Crude prices will correct sharply from the current levels and if the political mandate is very very strong, there might be some positiveness. Otherwise, I donâ&#x20AC;&#x2122;t see any major positive trigger. If the earnings start recovering, we might see some positive traction and improvement in markets.

What are the expected positive triggers for the market in 2018? Resolution of some of the big tickets stressed accounts and putting these assets to economic use will be a major trigger for the markets.

Which sectors you think will do well in 2018? Technology and pharma sector are relatively attractive right now because valuations being comfortable there, these would do better.

keenly watching its impact on the bond markets and money flows. As interest rates increase in the US and other developed economies even as the interest rates decrease in the emerging economies, there is little incentive for the global money to be parked in the emerging markets. In 2018, all eyes will be on the US Fed's decisions and on the next chairman of the apex bank and whether the new leadership will continue the policy tone set by Jannet Yallen, who is due to retire in February 2018. What happens in the US with the tax bill is something that will set the trend for the global markets in 2018. As of now, the US tax bill has been passed by both the House and the Senate and is with the lead negotiators who will finalise the details. There is a good chance that the bill will be passed into a law, and once that happens, the equity markets will react positively and the underlying bullish tone in the US markets will only gain further momentum.

With the passage of this law that will cut the taxes for the corporates in the US, it is expected that the earnings will grow by at least 13 to 15 per cent for S&P 500. With such earnings growth, the index will show similar kind of growth in one year. Without the tax cuts, the consensus earnings growth in the S&P index is nearly 7 per cent for 2018. The market sentiments will be driven by what happens in the US with reference to the tax bill and the interest rates, as the US tax cuts will translate into cash cows for Corporate America. With the positive outlook for global equity markets, Indian markets will stand to gain as we expect foreign investment inflows into India to strengthen in 2018. As the global economy aims higher growth in 2018, Indian exporters will find opportunities to flex their muscles. The budget in 2018 will be the biggest event and, in all likelihood, it will be an expansionary budget. An expansionary budget will cheer the markets and the stability of the current government will

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

allow investors to remain confident on the prospects of the Indian markets. The BJP win in the recent election not only augurs well for the Indian markets, but also for the whole economy as the current government can now undertake necessary reforms to accelerate the economic growth of the country. India will, in all probability, be the fastest growing economy in the world and will continue to see good amount of domestic money coming into equities. If we look at the major indices such as Sensex and study the drawdowns it has experienced in the last 21-odd years, we find that the average drawdown for the Sensex has been about 15 per cent from the start of the year, while it has gained nearly 30 per cent on an average from the beginning of the year in its history so far. If we exclude the exceptional years such as 1998 (impact of Asian financial crisis), 2000 &2001 (IT bubble meltdown), 2004 (political uncertainty) and 2008 (global financial market meltdown), the average drawdown that Sensex has seen in all these 21 years is nearly 10 per cent. What DSIJ.in

Ashish Ranawade,

Rakesh Tarway

CIO, Union AMC. Which sectors you think will do well in 2018? We feel infrastructure aided by government spending has the potential to do well. There could be select opportunities in every sector and a bottom-up approach would help investors outperform in the coming year. what would be your Sensex target for 2018? We do not give a Sensex target. However, given that general elections are due in 2019, next year should witness a lot of economic activity, which should be good for the markets. What are the positives to look out for the markets in 2018? The earnings could start to look up in FY18 and the positive benefits of GST and implementation of a whole lot of measures announced by the government could help the economy get back on the growth track. Many of the initiatives like Smart Cities, Bharatmala, NamamiGange and large infrastructure projects along with Make in India and defence and railways' modernisation could start firing together as the current ruling party sets its eyes on the 2019 elections. Two good monsoons and a buoyant rural economy could help as well. this goes to show is that from the current levels, if we go by the averages, Indian markets may see a drawdown between 10 to 15 per cent in the coming year, unless a contingent event, either global or local, pulls the market further down. In its history of 39 years, Sensex has delivered returns in excess of 20 per cent for 27 years, which is an impressive 69 per cent of the total life of the index. Only on 10 occasions the Sensex generated negative returns in its history so far. Given the comfortable liquidity condition we are in and the sound economic growth expected in the coming year, Indian equity markets may not find it difficult to deliver double digit returns in 2018. Higher double digit returns is possible under certain assumptions, such as better-thanexpected revival in earnings, FIIs' positive flows, interest rates remaining soft throughout the year, pick-up in private investments in India, better-thanexpected domestic flows into equities, expansionary fiscal budget, income tax reforms, etc. The infrastructure sector will be in focus along with the banking sector. The efforts DSIJ.in

taken in 2017 to tackle the NPA mess will show its positive impact in 2018, and thus the banking sector, especially the PSU banking sector, is expected to show some positive traction in 2018. There is no reason to suggest that the sectors that have done well in 2017, such as consumer durables and realty, will reverse their momentum in 2018. Overall, the secular bull trend may continue in the coming year even as the valuations remain above their historical averages. The current bull run is exhibiting a rational exuberance as there is growth in corporate earnings across the globe. The irrational exuberance will be seen when the P/E multiple expands next year from the current levels. All eyes will be on the earnings and the probability is very high that the earnings will improve in the coming quarters in CY2018. Markets, ultimately, are slaves of earnings. Globally, all corporates are expected to deliver higher earnings which will translate into higher stock prices. Markets in 2018 are all set to make new record highs as the bullish undertone for the markets remains intact. There is some private corporate capex growth

Head Research, Reliance Securities: ď ˝Financial Chronicle" victory in a hard fought Gujarat election for incumbent government of 22 years will provide further impetus towards reform orientation of ruling party. This government has brought on the table reforms which are more than incremental in nature. Any further impetus on the same will prove to be a sentimental boost for equity markets. Having said that, equity markets are eventually slave of earnings and will track the same for future performance.ď ž

Global EPS rose 16 per cent in 2017 and further expected to increase by 10 per cent in 2018 seen in the last quarter of 2017. With private consumption at its best, signs of private investment picking up and export markets expected to do well in 2018, the market condition is ripe to deliver positive returns in 2018. One thing investors must do for the next year that is prepare themselves for slightly higher volatility as the year 2017 was sublimely steady and less volatile. Volatile 2018 may provide several entry set-ups for those with market insight. Overall, the market condition remains positive and investors can expect equity to outperform any other asset class in the coming year. The second half of 2018, however, will start factoring in the likely outcome of the 2019 general election and may show some added volatility.

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Cover Story

Avanti Feeds BSE CODE

512573

Face Value

CMP

Market Cap F F (Cr.)

`2561

3,610.70

HY HERE IS W rformance e p l ia c n a n fi Robust ansion Capacity exp l demand a b lo g g in w Gro

vanti Feeds operates in the field of aquaculture industry and it is engaged in the manufacture of high quality feed for shrimps, operating Vannamei hatchery and processing and exporting of shrimps. The company’s growth rate has been exceptional over the last 4 to 5 years. Its revenue has grown at a CAGR of 47.3 per cent over FY13-17 and its PAT has grown at CAGR of 49.7 per cent over FY13-17. The company has a subsidiary named Avanti Frozen Foods. The company’s shrimp processing plant at Yerravaram in East Godavari district of Andhra Pradesh has capacity of 15,000 MTA. Further, the company is planning for expansion with capacity of 1,75,000 MTA of shrimp feed at Bandapuram, West Godavari district of Andhra Pradesh. This will take the total capacity of shrimp feed to 6,00,000 MTA. The plant is expected to get operational by the end of FY18. The company is also planning to set up 400 mn shrimp feed hatchery as part of its backward integration plan. The implementation of this plan would begin in FY18 and it would be implemented in two phases of 200 mn each. Currently, the share of shrimp exports and shrimp feed in total revenue is 13 per cent and 87 per cent, respectively. The company is planning to change this ratio to 40:60. On the financial front, the net sales of the company increased 21.44 per cent to `854.02 crore in the second quarter of FY18, as against `703.23 crore in the same quarter of the previous year.

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

The company’s PBT increased 218.96 per cent to `191.28 crore in the second quarter of FY18 on a yearly basis. The company’s net profit also increased 212.64 per cent to `125.68 crore in Q2 FY18, as compared to a net profit of `40.20 crore in the Q2 of the previous year. On an annual basis, the company’s net sales increased 35.42 per cent to `2701.98 crore in FY17 on a year-on-year basis. The company’s PBT increased 40.73 per cent to `335.18 crore in FY17, as against `238.18 crore in the previous fiscal. The net profit of the company increased 42.63 per cent to `226.75 crore in FY17, as compared with `158.98 crore in the previous fiscal. On the valuation front, the company maintained a PE ratio of 31.93x. The company’s return on equity (RoE) and return on capital employed (RoCE) stood at 41.88 per cent and 116.91 per cent, respectively. The company is virtually debt-free. The company has been maintaining a healthy dividend payout of 20.90 per cent. We recommend our reader-investors to BUY the stock.

Last Five Quarters (`/Cr) Total Income Other Income Operating Profit Interest Net Profit Equity

Sep'17 854.02 10.79 197.43 1.22 125.68 9.08

June'17 998.17 6.18 231.15 0.62 148.79 9.08

March'17 704.42 7.99 136.08 2.18 89.68 9.08

Dec'16 558.62 3.59 72.43 0.19 46.48 9.08

Sep'16 684.53 6.99 65.87 0.3 42.13 9.08

DSIJ.in

Bank of Baroda BSE CODE

532134

Face Value

CMP

`167

Market Cap F F (Cr.)

15,738.79

WHY HERE IS presence ic t s e m o d g n Stro Performance g in t a r e p O Improved Portfolio it d e r C d e ifi s Diver

ank of Baroda (BoB) is an Indian state-owned banking and financial services company headquartered at Vadodara in Gujarat. It is the second largest bank in India, next to State Bank of India. As of September 30, 2017, Bank of Baroda has 5451 branches across India and 107 branches overseas. The bank is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services. BOB Capital Markets and Bobcards Ltd are the bank’s subsidiaries. Ever since its re-branding in 2005, BoB has consistently promoted its major strengths, viz. large international presence, technological advancement and superior customer service. Bank of Baroda’s key revenue segments include interest and discount on advances and bills, which contributed 65.22 per cent to total revenue, income from investment which contributed 25.10 per cent to revenue and interest on balances with RBI and other inter-bank funds contributed 4.71 per cent of total revenue for the year ending March 31, 2017. Recently, the finance committee of the bank's board has approved the proposal to raise up to Rs 6000 crore through rights issue or private placement. BoB reported a 36 per cent YoY decline in net profit at Rs 355 crore during the second quarter of FY18. The NII for the quarter saw 8.6 per cent YoY increase to Rs 3,720 crore, as compared to Rs 3,426 crore in Q2FY17. This was largely due to DSIJ.in

2.6 per cent YoY increase in interest income to Rs 10,753 crore. The asset quality for the quarter showed steady performance. The GNPAs for the quarter rose by 8 per cent YoY to Rs 46,306 crore. The GNPAs as percentage to total advances declined by 19 bps to 11.16 per cent as compared to 11.35 per cent in Q2FY17. The NNPAs also declined by 41 bps to 5.05 per cent, as against 5.46 per cent in previous year corresponding quarter. The provisions for the quarter continue to inch upwards for ageing stressed asset problem. The provisions for the quarter rose by 30 per cent YoY to Rs 2,329 crore, as against Rs 1,795 crore in Q2FY17. The resultant net profit for the quarter declined by 35.7 per cent YoY to Rs 355 crore in the corresponding quarter of the previous year. Further, advances and deposits grew by 9 per cent and 3 per cent YoY to Rs 3,87,301 crore and Rs 5,83,212 crore, respectively. On the valuation front, the bank maintained a PE ratio of 39.49x. The company’s return on equity (RoE) and return on capital employed (RoCE) stood at 3.24 per cent and 16.10 per cent, respectively. The stock is trading at 0.93 times its book value. We recommend our reader-investors to BUY the stock.

Last Five Quarters (`/Cr) Interest Earned Other Income Net Total Income Provisions Net Profit Equity

Sep'17 June'17 10753.33 10552.71 1737.06 1551.15 12490.39 12103.86 2329.35 2368.05 355.36 203.39 462.09 462.09

March'17 10875.16 1977.28 12852.44 2622.97 154.72 462.09

Dec'16 10406.08 1774.96 12181.04 2079.50 252.67 462.09

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Sep'16 10485.17 1561.43 12046.60 1795.84 552.12 462.09

Cover Story

Caplin Point Laboratories BSE CODE

524742

Face Value

CMP

Market Cap F F (Cr.)

`635

1,539.11

HY HERE IS W ofit growth r p t n e t is s n o C formance r e p l ia c n a in Robust F segments le b a t fi o r p e r mo Expansion in

aplin Point Laboratories Limited, established in 1990, is a pharmaceutical company. The company was listed in 1994 following its IPO, which was oversubscribed 117 times, the proceeds of which were deployed in setting up a manufacturing facility at Puducherry. Thereafter, the company expanded its product range and increased its production capacity. The company's product segments include antibiotics, non-steroidal anti-inflammatory drugs (NSAIDS), ophthalmics, pain management and anti-ulcers. It also manufactures a range of ointments, creams, gels and lotions. The company focused on the emerging markets of Latin America, Caribbean, Francophone and southern Africa and is today one of the leading suppliers of pharmaceuticals in these regions, with over 2,000 product licences across the globe. The company's manufacturing facilities are located in Puducherry, Tamil Nadu, and Himachal Pradesh. The Company is entering into the regulated markets for injectables; its manufacturing plant is capable of handling liquid injectables in vials, ampoules, lyophilized vials and ophthalmic dosages. The company has branches and subsidiaries established in China and Hong Kong, and is in the process of establishing more subsidiaries in Colombia and other locations, as part of its expansion strategy. Over the last one year, the company has entered into more profitable segments like pharma over-the-counter (OTC), soft gel and wellness category. On the financial front, the net sales of the company increased 39.95 per cent to Rs 114.80 crore in the second quarter of FY18, as against Rs 82.62 crore in the same quarter previous year. The

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

company’s PBDT increased 113.05 per cent to Rs 50.13 crore in the second quarter of FY18 on a yearly basis. The company’s net profit also increased 94.59 per cent to Rs 32.75 crore in Q2 FY18, as against a net profit of Rs 16.83 crore in the Q2 of the previous year. On an annual basis, the company’s net sales increased 50.34 per cent to Rs 347.72 crore in the financial year 2017 on a year-on-year basis. The company’s PBT increased 62.41 per cent to Rs 106.67 crore in FY17, as against Rs 65.68 crore in the previous fiscal. The net profit of the company increased 56.32 per cent to Rs. 70.86 crore in FY17, as against Rs 45.33 crore in the previous fiscal. On the valuation front, the company maintained a PE ratio of 49.65x. The company’s return on equity (RoE) and return on capital employed (RoCE) stood at 44.24 per cent and 56.68 per cent, respectively. It also has a good RoE track record, with a 3-year RoE of 46.02 per cent. The company has reduced debt and is virtually debt-free. The promoter's stake in the company has also increased. Caplin has a good consistent profit growth of 53.95 per cent over 5 years. The company has been also been maintaining a healthy dividend payout of 17.79 per cent. We recommend our reader-investors to BUY the stock.

Last Five Quarters (`/Cr) Total Income Other Income Operating Profit Interest Net Profit Equity

Sep'17 131.31 3.58 52.94 0.02 35.54 15.12

June'17 123.51 3.86 49.76 0.02 36.33 15.12

March'17 120.52 1.81 47.64 0.04 33.30 15.12

Dec'16 102.79 2.20 34.00 0.22 23.92 15.11

Sep'16 95.72 2.00 29.60 0.05 22.43 15.11

DSIJ.in

Fairchem speciality BSE CODE

530117

Face Value

`10

CMP

Market Cap F F (Cr.)

`493

701.51

HY HERE IS W rmance fo r e p l ia c n a Strong Fin abilities p a c D & R g n Stro ns Expansion Pla

airchem Speciality Limited operates as a specialty oleochemical manufacturing company in India and internationally. The company was formed with the merger of the businesses of Adi Finechem Ltd (manufacturer of oleo chemicals and nutraceuticals) and Privi Organics Ltd (manufacturer of aroma chemicals). It offers oleo products, such as dimer fatty acids; monomer fatty acids; linoleic fatty acids; distilled fatty acids for use in alkyd resins and textile auxiliaries; saturated fatty acids; glycerine for use in textile auxiliaries and paints and oil for industrial purposes. The company also provides intermediate nutraceutical and health products, such as natural concentrated tocopherols for the natural vitamin E/food, feed, and cosmetic industries; and natural concentrated sterols for the natural sterol, food, and pharmaceutical industries. Priv Organics has been in the process of expanding manufacturing capacities of its existing products as well as creating capacities for newer and exclusive aroma chemicals. Further, Privi has been conducting applied research which has been successful so far in converting some of the byproducts formed during manufacturing into high value and specialised products. It has a manufacturing unit in Sanand, Ahmedabad, which has one of the largest processing capacities for natural soft oil-based fatty acids in India. The company’s aroma chemicals manufacturing facility comprises three manufacturing plants (Unit-I, II & III) that are located in the MIDC area of Mahad, Raigad district in Maharashtra and one manufacturing plant at Jhagadia, near Ankleshwar, Gujarat. These units together have DSIJ.in

a total production capacity of 28,000 TPA, which is the highest among any aroma chemical producer in India. On the financial front, the net sales of the company increased 35.70 per cent to Rs. 57.4 crore in the second quarter of FY18, as against Rs. 42.3 crore in the same quarter previous year. The company’s PBDT also increased 212.28 per cent to Rs. 8.9 crore in the second quarter of FY18 on a yearly basis. The company’s net profit rose exponentially by 547.83 per cent to Rs. 5.96 crore in Q2 FY18 as compared to a net profit of Rs. 0.92 crore in the second quarter of the previous year. On an annual basis, the company’s net sales increased 22.31 per cent to Rs. 185.57 crore in the financial year 2017 on a year-onyear basis. The company’s PBDT decreased 6.65 per cent to Rs. 18.25 crore in FY17, as against Rs. 19.55 crore in the previous fiscal. The company reported a net profit of Rs. 8.46 crore in FY17, as compared with a profit of Rs. 10.6 crore in the previous fiscal. The company has a PE ratio of 60.49x and a debt-to-equity ratio of 0.67x. The price-to-book value of the company stands at 3.59x. We recommend our reader-investors to BUY the stock.

Last Five Quarters (`/Cr) Total Income Other Income Operating Profit Interest Net Profit Equity

Sep'17 57.40 2.54 10.28 1.38 5.96 37.61

June'17 66.84 0.01 8.27 1.46 3.70 37.61

March'17 59.67 -0.01 4.73 1.67 0.64 37.61

Dec'16 43.50 0.00 6.57 1.27 2.77 13.79

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Sep'16 46.80 0.05 3.89 1.02 0.93 13.79

Cover Story

Force Motors BSE CODE

500033

Face Value

`10

CMP

Market Cap F F (Cr.)

`3468

1,807.79

HY HERE IS W ofit growth r p t n e t is s n o C o segment t u a n o n o t in Diversifying components in a r t r e w o p of Sole supplier and BMW s e d e c r e M r fo

orce Motors Limited is a part of the Firodia group of companies, one of India’s industrial houses focusing exclusively in the automotive domain. Incorporated in the year 1958, the company focuses on design, development and manufacture of a range of automotive components, aggregates and vehicles. The company's product portfolio includes five products namely, tractors, three-wheelers, light commercial vehicles, multi-utility vehicles and heavy commercial vehicles. The company has manufacturing facilities at Akurdi and Chakan (Maharashtra), Pithampur (Madhya Pradesh) and Chennai (Tamil Nadu) and employs over 8,500 people. Recently, the company entered into a non-binding joint venture agreement with Rolls-Royce Power Systems AG to produce engines for power generation and rail application and complete power generation systems, including spare parts, for Indian and global markets. This is the company’s first step towards diversifying into the non-auto segment. The company is the sole supplier of powertrain components for Mercedes and BMW, thus reaping direct benefits from the growing (and relatively underpenetrated) luxury car market in India. The speed of change with regard to electro-mobility and the developing resistance to diesel fuel are twin technical challenges which threaten to bring about far-reaching changes in the automobile industry. The company with its strong R&D team and investment in facilities and projects, is well-placed to gain from the opportunity.

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

On the financial front, the net sales of the company decreased 7.51 per cent to Rs. 892.99 crore in the second quarter of FY18, as against Rs. 965.54 crore in the same quarter previous year. The company’s PBDT also decreased 6.42 per cent to Rs. 88.2 crore in the second quarter of FY18 on a yearly basis. The company’s net profit slumped 17 per cent to Rs 41.74 crore in Q2 FY18, as against a net profit of Rs. 50.28 crore in the second quarter of the previous year. On an annual basis, the company’s net sales increased 14.21 per cent to Rs. 3,494.57 crore in the financial year 2017 on a year-on-year basis. The company’s PBDT increased 2.01 per cent to Rs. 348.08 crore in FY17, as against Rs. 341.22 crore in the previous fiscal. The company reported a net profit of Rs. 179.92 crore in FY17, as compared to a profit of Rs. 179.42 crore in the previous fiscal. On the valuation front, the company maintained a PE ratio of 26.34x. The company’s return on equity (RoE) and return on capital employed (RoCE) stood at 11.36 per cent and 10.94 per cent, respectively. The company is virtually debt-free. The company has good consistent profit growth of 33.98 per cent over the last five years. We recommend our reader-investors to BUY the stock.

Last Five Quarters (`/Cr) Total Income Other Income Operating Profit Interest Net Profit Equity

Sep'17 892.99 9.42 89.19 0.99 41.74 13.18

June'17 845.27 28.16 65.45 3.44 29.96 13.18

March'17 958.88 24.18 116.12 3.12 54.91 13.18

Dec'16 629.06 23.81 52.69 0.65 23.25 13.18

Sep'16 965.54 19.10 94.13 0.84 50.28 13.18

DSIJ.in

GAIL BSE CODE

532155

Face Value

`10

CMP

`500

Market Cap F F (Cr.)

38,050.52

HY HERE IS W ns Expansion Pla et share k r a M t n a in Dom cials Robust Finan

AIL (India) Limited, formerly known as Gas Authority of India Limited, is an integrated energy company in the hydrocarbon sector engaged in marketing of natural gas. The company was given the responsibility of construction, operation and maintenance of the HaziraVijaypur-Jagdishpur (HVJ) pipeline project, one of the largest (1800 km long) cross-country natural gas pipeline projects in the world. GAIL also possesses a vast telecommunication network that contributes significantly to the high level of system reliability of operations, on-line real-time communication and monitoring higher productivity. The company has its registered office in New Delhi. GAIL’s revenue for FY17 from gas marketing stood at 71 per cent, while gas transmission contributed 10 per cent to the revenues. The company’s gas transmission network (of 10,000-plus km) has a pan-India reach with a capacity of 206 mmscmd. The company is also engaged in petrochemical production and city gas distribution. The company, through its gas distribution business, operates close to 63 per cent of the CNG stations and about 50 per cent of the PNG connections domestically. Recently, GAIL announced plans for capital expenditure of Rs 6,000 crore by the end of the FY19. The investment will be used to construct an additional 2,500 km of gas pipelines by 2020. Of the planned 2500 km, the 380-km Kochi-Mangalore pipeline is already under execution. On the financial front, the net sales of the company increased 7.25 per cent to Rs 12,409.65 crore in the second quarter of FY18, as against Rs 11,570.38 crore in the same quarter DSIJ.in

previous year. The company’s PBDT increased 18.60 per cent to Rs 2,269.73 crore in the second quarter of FY18 on a yearly basis. The company’s net profit also increased 27.69 per cent to Rs 1,309.63 crore in Q2 FY18, as against a net profit of Rs 1,025.64 crore in the Q2 of the previous year. On an annual basis, the company’s net sales decreased 6.87 per cent to Rs 48,474.9 crore in the financial year 2017 on a year-on-year basis. The company’s PBT increased 95.24 per cent to Rs 5,757.3 crore in FY17, as against Rs 2,948.88 crore in the previous fiscal. The net profit of the company increased 112.54 per cent to Rs 3,947.94 crore in FY17, as against Rs 1,857.54 crore in the previous fiscal. On the valuation front, the company maintained a PE ratio of 39.49x. The company’s return on equity (RoE) and return on capital employed (RoCE) stood at 10.11 per cent and 16.26 per cent, respectively. The company has reduced debt and is virtually debt-free.GAIL has been maintaining a healthy dividend payout of 38.24 per cent. Considering the company’s robust financial performance and valuations, market share and strong technology leadership in the industry, we recommend our reader-investors to BUY the stock.

Last Five Quarters (`/Cr) Total Income Other Income Operating Profit Interest Net Profit Equity

Sep'17 June'17 12409.65 11570.38 292.85 115.83 2362.28 2015.18 92.55 101.37 1309.63 1025.64 1691.30 1691.30

March'17 13674.09 467.71 2023.05 21.96 260.16 1691.30

Dec'16 12132.44 275.60 2001.66 160.13 982.92 1268.48

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Sep'16 12058.48 316.87 1851.61 119.83 924.65 1268.48

Cover Story

JK Cement BSE CODE

532644

Face Value

`10

CMP

Market Cap F F (Cr.)

`1070

2,468.07

HY HERE IS W cials Robust Finan of Pet coke e s u d e w o ll SC a n Plans io s n a p x E y it Capac

K Cement is a part of the J.K. Organisation. The company has over four decades of experience in cement manufacturing. The company, with an annual capacity of 600,000 tonnes, is the second largest manufacturer of white cement in India. It is also the second largest producer of wall putty in the country with an annual installed capacity of 700,000 tonnes. JK Cement was the first company to install a captive power plant in the year 1987 at Bamania, Rajasthan. The company has made its first international foray with the setting up of a greenfield dual process white cement-cum-grey cement plant in the free trade zone at Fujairah in U.A.E to cater to the GCC and African markets. JK Cement is planning to add capacity of up to 8 million tonnes per annum (MTPA) in the next five years, taking its total installed capacity to around 18 MTPA for grey cement. The company is planning to expand capacity by 3.5 to 4 million tonnes in brownfield and greenfield projects separately. It would also invest around `1,200-1,500 crore in brownfield expansion at its Mangrol facility in Rajasthan in the next 24-30 months. The expansion will be funded by a combination of internal funding and debt. Also, the Supreme Court has allowed the use of pet coke, the primary fuel and input material for cement makers. This comes as a big relief for the cement companies. On the financial front, the net sales of the company increased

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

2.94 per cent to `1,107.68 crore in the second quarter of FY18, as against `1,076.08 crore in the same quarter previous year. The company’s PBDT increased 77.79 per cent to `170.48 crore in the second quarter of FY18 on a yearly basis. The company’s net profit also increased 127.75 per cent to `93.15 crore in Q2FY18, as against a net profit of `40.9 crore in the Q2 of the previous year. On an annual basis, the company’s net sales increased 24.17 per cent to `4,420.71 crore in the financial year 2017 on a year-onyear basis. The company’s PBDT increased 67.17 per cent to `500.53 crore in FY17 against `299.41 crore in the previous fiscal. The net profit of the company increased 155.64 per cent to `259.58 crore in FY17, as against `101.54 crore in the previous fiscal. On the valuation front, the company maintained a PE ratio of 20.30x. The company’s return on equity (RoE) and return on capital employed (RoCE) stood at 14.93 per cent and 14.05 per cent, respectively. The company has a debt-to-equity ratio of 1.39. JK Cement has been maintaining a healthy dividend payout of 21.52 per cent. We recommend our reader-investors to BUY the stock. Last Five Quarters (`/Cr) Total Income Other Income Operating Profit Interest Net Profit Equity

Sep'17 1107.68 34.37 241.58 63.34 93.15 69.93

June'17 1208.43 18.64 216.34 68.05 79.34 69.93

March'17 1241.29 6.79 234.1 62.84 91.37 69.93

Dec'16 910.96 21.01 192.35 66.17 66.44 69.93

Sep'16 1074.44 7.76 165.02 69.13 40.92 69.93

(Closing price as of Dec 20, 2017) DSIJ.in

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RECOMMENDATIONS UPDATE FOR THE LAST ONE YEAR Recom. Date 07-Mar-16 15-Mar-16 29-Mar-16 12-Apr-16 26-Apr-16 10-May-16 24-May-16 08-Jun-16 22-Jun-16 07-Jul-16 19-Jul-16 03-Aug-16 17-Aug-16 30-Aug-16 13-Sep-16 27-Sep-16 12-Oct-16 26-Oct-16 08-Nov-16 22-Nov-16 07-Dec-16 21-Dec-16 04-Jan-17 18-Jan-17 01-Feb-17 15-Feb-17 01-Mar-17 15-Mar-17 11-Apr-17 26-Apr-17 10-May-17 24-May-17 07-Jun-17 20-Jun-17 06-Jul-17 19-Jul-17 03-Aug-17 17-Aug-17 31-Aug-17 14-Sep-17 12-Oct-17 26-Oct-17 09-Nov-17 23-Nov-17 07-Dec-17 DSIJ.in

Company Name Techno Electric & Engineering Company Ltd. Glenmark Pharmaceuticals Ltd. Godrej Consumer Products Ltd. Great Eastern Shipping Company Ltd. Arvind Ltd. Hindustan Media Ventures Ltd. Gujarat State Petronet Ltd. Coal India Ltd. Reliance Industries Ltd. Mahanagar Gas Ltd. Steel Authority of India (SAIL) Ltd. Crisil Ltd. Rajesh Exports Ltd. Lupin Ltd. Bharat Financial Inclusion Ltd. Bharat Electronics Ltd. Quess Corp Ltd. Equitas Holdings Ltd. Muthoot Finance Ltd. Engineers India Ltd. Elgi Equipments Ltd. Gillette India Ltd. Power Grid Corporation of India Ltd. Oil India Ltd. IRB Infrastructure Developers Ltd. Shriram Transport Finance Company Ltd. Supreme Industries Ltd. Kajaria Ceramics Ltd. Aarti Industries Ltd. SJVN Ltd. Sadbhav Infrastructure Project Ltd. IDBI Bank Ltd. Bajaj Holdings & Investment Ltd. Tata Motors Ltd. Power Finance Corporation Ltd. Dredging Corporation Of India Ltd. TCPL Packaging Ltd. Tata Metaliks Ltd. Tata Sponge Iron Ltd. Symphony Ltd. Time Technoplast Ltd. Esab India Ltd. CCL Products India Ltd. Bajaj Finance Ltd. Minda Industries Ltd.

Recom. Price 434.00 832.50 1328.00 328.40 284.65 268.80 131.05 305.85 987.25 517.50 48.50 2098.40 435.35 1509.50 730.65 128.21 615.85 176.70 359.05 138.12 177.85 4264.35 188.00 337.30 231.70 938.95 1005.95 553.65 778.70 35.05 111.35 66.15 2064.05 468.00 122.60 624.65 658.55 667.80 815.25 1429.80 198.40 865.30 319.65 1763.85 1103.85

Exit Date 27-Jul-16 16-Feb-17 05-Jul-16 08-Dec-16 03-Oct-16 10-May-17 19-Apr-17 03-Mar-17 22-Feb-17 30-Aug-16 23-Jan-17 02-Aug-17 03-Feb-17 01-Aug-17 03-Oct-16 23-Mar-17 20-Apr-17 26-Oct-17 15-Jun-17 05-Oct-17 16-Jun-17 07-Aug-17 21-Nov-17 03-Oct-17 15-Dec-17 27-Oct-17 12-Sep-17 20-Sep-17 15-May-17 04-Oct-17 20-Nov-17 Open 07-Aug-17 Open 27-Oct-17 09-Nov-17 Open 20-Nov-17 Open 18-Dec-17 Open Open Open Open Open

Exit Price

Perc Return

644.90 934.20 1665.00 376.05 354.10 283.00 179.80 322.45 1207.65 641.25 61.25 1844.35 498.50 1030.00 920.75 154.10 751.15 146.10 480.55 149.20 234.00 5360.00 207.25 351.70 210.35 1153.95 1165.00 752.05 931.05 35.20 141.10 2546.00 147.60 711.90 826.20 1672.00

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

48.59 12.22 25.38 14.51 24.40 5.28 37.20 5.43 22.32 23.91 26.29 -12.11 14.51 -31.77 26.02 20.20 21.97 -17.32 33.84 8.02 31.57 25.69 10.24 4.27 -9.21 22.90 15.81 35.83 19.56 0.43 26.72 -10.88 23.35 -9.84 20.39 13.97 -2.51 23.72 14.87 16.94 9.53 -5.06 -6.16 0.12 18.49

QueryBoard

Investment Horizon Query-Specific

BROOKS LABORATORIES

SUZLON ENERGY LIMITED

I have purchased 1000 shares of Brooks Labs at `107. Should I hold or sell those shares?

I own 1000 shares of Suzlon bought at `17.70. Can I recover my losses by holding them?

- Ravi Kiran

BSE/NSE Code

533543 / BROOKS

Face Value CMP

EXIT

- Sharan Basavana

BSE/NSE Code

532667 / SUZLON

`10

Face Value

`105

CMP

`14.19

52-Week

High `162 / Low `98.35

52-Week

High `22.25 / Low `12.80

Your Current Profit/(Loss)

(1.86 per cent)

Your Current Profit/(Loss)

(19.83 per cent)

rooks Laboratories Limited is a pharmaceutical company engaged in manufacturing of drugs and pharmaceuticals. The company is a contract manufacturing company for molecules in injectables and clavulanic acid range in tablets and dry syrups. The company provides a range of products catering to critical care segment in parental section. On the financial front, Brooks Laboratories posted a 45.82 per cent decline in its revenue to `8.35 crore in the first quarter of FY18 on a yearly basis. The company’s earnings before interest, depreciation and taxation posted a drop of 218.91 per cent to a loss of `3.45 crore in the first quarter of FY18 against a PBIDT of `2.90 crore in the same quarter of the previous year. The company’s profit after tax decreased massively by 459.67 per cent to report a loss of `5.88 crore in the first quarter of fiscal year 2018, as against a profit of `1.63 crore in Q1FY18. On the annual front, the company’s revenue decreased by 18.96 per cent to `64.84 crore in the fiscal year 2017, as against `80 crore in the previous fiscal. The company’s PBIDT got reduced by 49.28 per cent to `5.62 crore in the fiscal year 2017 as against `11.08 crore in the previous iyear. The company’s profit after tax decreased by 81.56 per cent to `1.96 crore in the fiscal 2017, as compared to `10.63 crore in the fiscal year 2016. The profits of the company has drastically declined and the stock is likely to be earthbound. We recommend the investors to Exit the stock.

HOLD

uzlon Energy Limited is a provider of renewable energy solutions and is producer of wind turbines. It offers a range of solar energy solutions, land acquisition and approvals, infrastructure and power evacuation, supply chain, installation and commission and life cycle asset management. The company has 15 manufacturing units in India and China, which is supported by eight R&D facilities in Germany, India, Denmark and the Netherlands, which gives the company the perfect blend of global experience and expertise to further focus on technology advancement. On the financial front, the net sales of the company decreased by 56.78 per cent to `1187.02 crore in the second quarter of FY18, as against `2746.18 crore in the same quarter of the previous year. The company’s PBT decreased by 66.91 per cent to `80.5 crore in the second quarter of FY18 on a yearly basis. The company’s net profit decreased by 67.12 per cent to `79.68 crore in Q2 FY18 as compared to `242.3 crore in the Q2 of the previous year. On the annual front, the company’s net sales increased by 34.60 per cent to `12692.53 crore in the financial year 2017 on a year-on-year basis. The company’s PBT increased by 55.62 per cent to `908.41 crore in FY17, as against `583.73 crore in the previous fiscal. The net profit of the company increased by 50.78 per cent to `896.71 crore in FY17 as against `594.7 crore in the previous fiscal. We recommend our reader investors to Hold the stock.

Readers are requested to send only one query at a time so that more readers get a chance. For complaints regarding non-receipt of dividend, bonus, rights and other matters, investors may write to www.investor.sebi.gov.in

Company Name:

DEMOCRATIZING WEALTH CREATION

Vol. Vol. No. No. 31 33 No. No. 02 17

Query:

Send in your queries: DSIJ Pvt. Ltd.

C-305, 3rd Floor, Trade Center, North Main Road, Near Axis Bank, Opp. Lane No. 6, Koregaon Park, Pune - 411001

Name: Address: E-mail:

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

Email:editorial@DSIJ.in

DSIJ.in

CADILA HEALTHCARE

GRANULES INDIA

Should I invest in Cadila Health?

I have 70 shares of Granules India at `134. Should I continue to hold them or exit. - L.S. Sivakumar

- Vikrant

BSE/NSE Code

532321 / CADILAHC

Face Value CMP

HOLD

BSE/NSE Code

532482 / GRANULES

Face Value

`420

CMP

`128

52-Week

High `558 / Low `329.95

52-Week

High `157 /Low `97.80

Your Current Profit/(Loss)

(4.47 per cent )

adila Healthcare Limited is an India-based pharmaceutical company. It is a fully integrated, global healthcare provider, with strengths all along the pharmaceutical value chain. The company provides total healthcare solutions ranging from formulations, active pharmaceutical ingredients and animal healthcare products to wellness products. Recently, the group launched Exemptia, the world’s first biosimilar for Adalimmab, the largest selling therapy worldwide for inflammatory arthritis. Zydus is also the only Indian pharma company to launch its own patented NCE – Lipaglyn, a novel drug approved for the treatment of diabetic dyslipidemia. From a turnover of `250 crore in 1995, the group posted revenues of over `9600 crore in FY17, i.e. a growth of 3740 per cent during the period. As a leading healthcare provider, it aims to become a global research-based pharmaceutical company by 2020. On the financial front, Cadila Healthcare posted a 132.69 per cent hike in its revenue to `1,691.90 crore in the second quarter of FY18 against `727.10 crore in the same quarter of the previous year. Profit before interest, depreciation and taxation of the company grew by 1789 per cent to `650 crore in the second quarter of FY18 as compared to `34.40 crore in the same quarter of the previous fiscal year. The company’s profit after tax increased by 1,080.58 per cent to `449.80 crore in the second quarter of FY18 as against `38.10 crore in the same quarter of the previous year. On the annual front, the revenue of the company decreased by 52.55 per cent to `3,098 crore in the financial year 2017 as against `6,529.60 crore in the previous financial year. The PBIDT of the company decreased by 87.54 per cent to `321.10 crore in the financial year 2017 as compared to `2,576.60 crore in the financial year 2016. The company’s profit after tax decreased by 67.51 per cent to `661.90 crore in FY17 as against `2,037.50 crore in the previous fiscal. The stock is on a growth momentum and is likely to generate higher returns in the coming quarters. We recommend the investors to Hold the stock. DSIJ.in

EXIT

ranules India Limited is a pharmaceutical company with presence across the pharmaceutical manufacturing value chain, including active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediaries (PFIs) and finished dosages (FDs). The company’s business operations include three areas: core business, emerging business and contract research and manufacturing services (CRAMS). Its products in core business include paracetamol, ibuprofen, guaifenesin and metformin. The company operates a healthcare division, Granules Consumer Healthcare (GCH). The company, through an acquisition, has access to over 10 APIs, as well as intermediates in therapeutic categories, such as anti-histaminic, antihypertensive and anti-convulsants. Over the past 34 years, Granules India has worked towards strengthening its core through its five products, and today, it is an integrated player with a strong market presence. With company’s focus on forward and backward integration is sowing seeds in new areas, segments and divisions to reach targets. On the financial front, Granules India posted a 9.39 per cent increase in its revenue to `373.53 crore in the second quarter of FY18, as against `341.46 crore in the same quarter of the previous fiscal. The company’s PBIDT rose by 1.80 per cent to `72.38 crore in the second quarter of FY18 on a yearly basis. The profit after tax of the company increased by 6.39 per cent to `35.64 crore in the second quarter of financial year 2018 on a year-on-year basis. On the annual front, the company’s revenue grew by 1.53 per cent to `1,374 crore in the FY2017, as compared to the previous year. The company’s PBIDT increased by 9.57 per cent to `295.80 crore in FY2017 as compared to `269.97 crore in the previous fiscal. The company’s profit after tax increased by 18.26 per cent to `142.83 crore in FY2017 as against `120.78 crore in the previous fiscal. The stock movement has a downward inclination. We recommend our reader-investor to Exit the stock. DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

QueryBoard TVS ELECTRONICS

Investment Horizon Query-Specific

KARUR VYSYA BANK LIMITED

I have 50 shares of TVS Electronics bought at `296. Should I hold them?

Kindly share your views on Karur Vysya Bank.

- Jaisankar Raman

BSE/NSE Code

532513 / TVSELECT

Face Value CMP

HOLD

- Rishabh Bhauka

BSE/NSE Code

590003 / KARURVYSYA

`10

Face Value

`10

`392

CMP

`123

52-Week

High `544.60 / Low `165.55

52-Week

High `149.03 / Low `79.73

Your Current Profit/(Loss)

32.43 per cent

Your Current Profit/(Loss)

VS Electronics Limited is engaged in manufacturing of computer printers, trading of computer printers/ keyboards and telecommunication parts, distribution of mobile phones and offering of services. The company operates through two segments: information technology-related products and technical services, and distribution services. The company’s product solutions include dot matrix printers, label printers, keyboards, electronic cash registers, barcode scanners, thermal receipt printers and mouse. The company’s service offerings include installation and call centre services, repair and refurbishment services, supply chain and fulfilment services, managed services and e-auction services. The company also offers warranty management and after sales service. TVS Investments Limited and T.V.Sundram Iyengar & Sons Private Limited are the company’s holding companies. The company’s subsidiary includes Prime Property Holdings Limited.

EXIT

he Karur Vysya Bank Limited (KVB) is an India-based banking company. KVB is engaged in providing banking and financial services, including commercial banking and treasury operations. Its business segments include treasury, corporate and wholesale banking, retail banking and other banking operations. It offers Internet banking, mobile banking, cards, point of sale machines, transaction banking services, e-kiosks and para banking services. The bank offers retail products, such as home loans, car loans and mortgage loans. It also offers products and services for corporate banking and forex business. Its internet banking services provide real time gross settlement (RTGS) and national electronic funds transfer (NEFT) facilities, online payment of taxes and e-commerce facilities. It offers loan products, such as KVB Rice Plus, KVB Timber Plus, KVB Transport Plus and KVB Pharma Plus. KVB has about 750 branches and over 1,750 automated teller machines. KVB’s headquarter is located in Karur, Tamil Nadu.

On the financial front, the net sales of the company increased by On the financial front, the net interest of the bank increased 35.31 per cent to `975.75 crore in the second quarter of FY18, as by 0.68 per cent to `1402.37 crore in the second quarter of against `721.10 crore in the same quarter of the previous year. FY18, as against `1392.92 crore in the same quarter of the previous year. Its PBT decreased by 47.26 per cent to `105.65 The company’s PBT increased by 220.44 per cent to `7.21 crore crore in the second quarter of FY18 on a yearly basis. The bank’s in the second quarter of FY18 on a yearly basis. The company’s net profit decreased by 40.11 per cent to `75.65 crore in net profit increased by 173.61 per cent to `5.91 crore in Q2 FY18 as compared with `126.31 crore in Q2 of the Q2 FY18 as compared to `2.16 crore in the Q2 of the previous year. previous year. On the annual front, the bank’s net interest increased by 3.29 On the annual front, the company’s net sales increased by per cent to `5622.35 crore in FY17 on a year-on-year basis. The 342.36 per cent to `2624.91 crore in the financial year 2017 on a bank’s PBT decreased by 3.09 per cent to `883.47 crore in FY17, year-on-year basis. The company’s PBT increased by 3.72 per as against `911.63 crore in the previous fiscal. The net profit of cent to `6.69 crore in FY17 as against `6.45 crore in the previous the bank increased by 6.76 per cent to `605.98 crore in FY17 in fiscal. The net profit of the company increased by 51.73 per cent comparison with `567.63 crore in the previous fiscal. We DS to `7.45 crore in FY17 as against `4.91 crore in the previous recommend our reader-investors to Exit the stock. fiscal. We recommend the investors to Hold the stock.

(Closing price as on Dec 20, 2017)

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

DSIJ.in

Reviews In this edition, we have reviewed GHCL Limited and LT Foods. We suggest our reader-investors to BOOK PROFIT in GHCL Limited and LT Foods.

GHCL BSE CODE 500171

BOOK PROFIT Reco. Price `262.95

e had recommended GHCL Limited in volume 32, issue no. 9 dated April 3-16, 2017, under the ‘Cover Story’ section when the scrip was trading at `263. Our recommendation was based on the growing market and demand for soda ash, strong financial performance and the impressive growth trajectory of the company. GHCL Limited is the manufacturer and trader of inorganic chemicals, home textiles and wind power generation. Production of soda ash contributes a major part of the company’s domestic revenue. Soda ash is widely used in India as a raw material in detergent and glass industries. The company has a strong geographical presence in India and also across the world.

LT FOODS BSE CODE 532783

Scrip’s Movement

Face Value `5

On the annual front, the company’s net sales witnessed a rise of 9.62 per cent to `2,969.39 crore in FY17 as against `2,708.75 crore in the previous fiscal. The company’s PBIDT increased by 13.59 per cent to `713.65 crore in FY17

Reco. Price `67.20

On the financial front, LT Foods’ revenue increased by 3.31 per cent to `529.79

CMP - `315

On the financial front, GHCL Limited posted a 1.59 per cent increase in the revenue to `714.30 crore in the second quarter of financial year 2018 on a yearly basis. However, the company’s PBIDT dropped by 24.02 per cent to `135.79 crore in the second quarter of FY18, as against `178.72 crore in the same quarter of the previous fiscal. The company’s net profit also witnessed a decline of 40.94 per cent to `53.32 crore in the second quarter of FY18, as compared to `90.28 crore in the same quarter of financial year 2017.

BOOK PROFIT

e had recommended LT Foods in volume 32, issue no. 15 dated June 26-July 9, 2017, under the ‘Cover Story’ section when the scrip was trading at `67.20. Our recommendation was based on the high sales volume of the company, consistent brand investments, strong financial performance and addition of new consumers across the segments of the company. LT Foods is a branded specialty foods company. The company is engaged in milling, processing and marketing of branded and non-branded Basmati rice, and manufacturing of rice food products in the domestic and overseas market.

DSIJ.in

Change 20 Per Cent

Change 28.49 Per Cent

CMP - ` 86.35

2017

as compared to `628.29 crore in FY16. The company’s net profit increased by 50.71 per cent to `386.77 crore in FY17 as against `256.63 crore in the previous fiscal. After our recommendation, the share price of GHCL Limited surged by about 10.64 per cent. The stock has reached its optimum level for the period and the growth momentum of the stock on the bourses is likely to slow down. Hence, we recommend our reader-investors to Book Profit Scrip’s Movement

Face Value `1

crore in the second quarter of the financial year 2018 on a year-on-year basis. The PBIDT of the company grew by 18.13 per cent to `40.88 crore in the second quarter of FY18 as compared to `34.60 crore in the same quarter of the previous fiscal. The company’s net profit increased by 23.15 per cent to `10.49 crore in the second quarter of FY18, as against `8.52 crore in the same quarter of the previous fiscal. On an annual basis, the company’s revenue grew by 14.01 per cent to `2,076.37 crore in FY17, as against `1,821.20 crore in the previous financial year. The PBIDT of the company increased by 6.32 per cent to `147.20

2017

crore in FY17 as compared to `138.45 crore in the previous financial year. However, the net profit of the company witnessed a slight decline of 0.79 per cent to `30.14 crore in FY17 on a year-on-year basis. After our recommendation, the share price of LT Foods surged by about 23 per cent. The stock is at its optimum level. Hence, at current levels, we recommend our reader-investors to Book Profit.

(Closing price as on Dec 20, 2017)

DEC 25, 2017 - JAN 7, 2018 I DALAL STREET INVESTMENT JOURNAL

Kerbside

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

SALES RECOVERY Abbott India is a publicly listed company and a subsidiary of Abbott Laboratories, USA. The company offers medicines across multiple therapeutic categories, including women’s health, gastroenterology, neurology, thyroid, diabetes, pain management, general care, vitamins and vaccines. Indian medicine sales have recovered from a decline of 2.3% seen in July 2017 when the GST was rolled out. In November 2017, India’s medicine sales rose by 8.1% over a year ago, according to market research firm AIOCD Awacs. As per our sources, the uptrend should reflect,in the earnings of pharma companies as well. Hence, this stock is a right prescription for healthy growth.

Abbott India BSE Code: 500488 CMP: `5565

GAINING BASE METAL PRICES RURAL THRUST Base metal prices had seen a good upsurge, with the red metal reaching its highest in three weeks. The global economic data continued to paint a positive picture of economic growth around the world as industrial production rose in China and PMIs in Europe were exceptionally strong. With base metals prices gaining ground across the world and expectation of rising demand from China, the stock is set scale higher.

Vedanta BSE Code: 500295 CMP: `318

Jain Irrigation BSE Code: 500219 CMP: `127

The big trigger after the Gujarat assembly election outcome could be the rural thrust. Apart from the rural infrastructure, rural consumption and agri-inputs could be the next big stories in the coming days. If market buzz is to be believed, the stock to watch out in the coming days could be Jain Irrigation. There is a big gap in India’s agriculture and a push to drip irrigation could make a vast difference to agriculture output. The stock could be a noteworthy outperformer.

AND FINALLY..

Compuage Infocom BSE Code: 532456 CMP: `48.35

Compuage Infocom is an information technology distribution company that distributes computer peripherals, telecom and power products. The company is associated with about 32 global brands and, during FY17, the company added 14 new principal relationships to its products portfolio. In the last few trading sessions, the stock has been moving higher with large volumes. Market sources suggest that there is still some steam left in the counter, hence it might potentially be on an uptrend. DS

(Closing price as on Dec 20, 2017)

DALAL STREET INVESTMENT JOURNAL I DEC 25, 2017 - JAN 7, 2018

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