Vol. 35. No.

16 • JULY 6 - 19, 2020, 2020

28
Cover Story

Recommendations

10 Choice Scrip

Opportunity In The Making! 12 Low Priced Scrip

‘Atmanirbhar Bharat’
14 Hot Chips

20 Analysis Regulars
Bayer CropScience 06 Editor’s Keyboard
Reaping Rich Rewards 07 Company Index
08 Market View

22
16 Technicals
Special Report 59 Query Board
62 Reviews
NBFCs : Caught Between 63 Kerbside
A Rock And A Hard Place
Subscribers can access

54
the complete databank
consisting of more than
Special Report 3500 companies on our
website www.DSIJ.in
Airline & Tourism Industry : Communication Feature sections
Flying With Clipped Wings are advertorials provided by the
company & carried on “as is” basis.

4 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 APOLLO HOSPITALS ENTERPRISE LIMITED
CORPORATE IDENTITY NUMBER : L85110TN1979PLC008035
Regd. Office : No. 19 Bishop Gardens, Raja Annamalaipuram, Chennai - 28, Tamil Nadu
Tel. +91-44-28290956, Fax.+91-44-28290956,
Email: investor.relations@apollohospitals.com, Website : www.apollohospitals.com

STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR

THE THREE MONTHS AND YEAR ENDED MARCH 31,2020
(Rs. in lakhs )
Particulars Three months Preceeding three Corresponding Year to date figures Previous
ended months ended Three months ended for current period year ended
31/03/2020 31/12/2019 31/03/2019 ended 31/03/2020 31/03/2019
Refer note 2 Unaudited Refer Note 1& 2 Audited Audited
1 Income
(a) Revenue from Operations 292,243 291,174 249,950 1,124,680 961,744
(b) Other Income 395 966 1,176 2,697 3,144
Total Income 292,638 292,140 251,126 1,127,377 964,888
2 Expenses
(a) Cost of Materials Consumed 44,102 46,850 41,642 180,923 164,488
(b) Purchases of Stock-in-Trade 104,406 98,246 77,215 379,667 308,755
(c) Changes in inventories of stock-in-trade (1,400) (3,381) 1,013 (10,703) (7,156)
(d) Employee Benefits Expense 47,550 47,536 42,560 185,292 159,824
(e) Finance Costs 13,523 13,743 8,541 53,277 32,702
(f) Depreciation and amortisation expense 16,386 15,731 10,489 61,969 39,553
(g) Other Expenses 59,578 58,921 59,564 230,772 229,467
Total Expenses 284,145 277,646 241,025 1,081,197 927,633
3 Profit before share of profit in associates / joint ventures and exceptional items (1) - (2) 8,493 14,494 10,101 46,180 37,255
4 Share of profit of associates / joint ventures 41 36 1,089 (311) 98
5 Profit before exceptional item and tax (3) + (4) 8,534 14,530 11,190 45,869 37,353
6 Exceptional Item (Net) (Refer Note 9) 19,830 - - 19,830 -
7 Profit before tax (5) + (6) 28,364 14,530 11,190 65,699 37,353
8 Tax Expenses
Current Tax** 3,151 6,046 3,147 21,413 12,588
Deferred Tax 4,253 (511) 762 1,106 4,749
9 Profit for the year (7) - (8) 20,960 8,996 7,280 43,180 20,016
10 Other Comprehensive Income
Items that will not be reclassified to Profit or Loss
Remeasurement gains / (losses) on defined benefit plan 607 (217) (764) (126) (4,457)
Equity instruments through other comprehensive income (11) - - (11) (28)
Tax on above (152) 122 283 77 1,573
- Tax on above - -
Total Other Comprehensive Loss 444 (95) (482) (60) (2,912)
11 Total Comprehensive Income for the year (after tax ) (9) + (10) 21,404 8,901 6,798 43,120 17,104
Profit for the year attributable to:
Owners of the parent 21,936 9,214 8,161 45,494 23,604
Non-controlling interest (976) (219) (881) (2,314) (3,588)
Other Comprehensive Loss for the year attributable to:
Owners of the parent 255 (97) (458) (56) (2,919)
Non-controlling interest 189 3 (25) (4) 7
Total Comprehensive Income for the year attributable to:
Owners of the parent 22,191 9,117 7,703 45,438 20,685
Non-controlling interest (787) (217) (906) (2,318) (3,581)
12 Paid-up equity share capital (Face value Rs.5/- per share) 6,956 6,956
Reserves (excluding Revaluation Reserves) 326,209 325,611
13 Earnings per equity share of Rs.5/- each
Basic and Diluted EPS before extraordinary items for the period (Rs.) *15.77 *6.62 *5.87 32.70 16.97
Basic and Diluted EPS after extraordinary items for the period (Rs.) *15.77 *6.62 *5.87 32.70 16.97
14 Earnings before finance costs, tax, depreciation and amortization, exceptional 57,878 106,464
items (EBITDA) (Refer footnote 5)
** Current Tax for the three months and year ended March 31, 2020 includes tax relating to prior year of Rs.600 lakhs.
*Not annualised
NOTES:
1. The consolidated financial information of Apollo Hospitals Enterprise Limited (“the Company”) for the three months and year ended March 31, 2020 have been reviewed by the Audit Committee
and approved by the Board of Directors of the Company at their meetings held on June 24, 2020 and June 25, 2020 respectively. The statutory auditors, Deloitte Haskins & Sells LLP have
expressed an unmodified review conclusion on the financial results for the three months ended March 31, 2020 and have expressed an unmodified audit opinion on the financial results for the
year ended March 31, 2020. These consolidated financial results have been extracted from the consolidated financial information. The statutory auditors have not issued a separate limited
review report on the consolidated results for the quarter ended March 31, 2019.
2. The consolidated financial results for the three months ended March 31, 2020 are the balancing figures between the audited consolidated figures for the year ended March 31, 2020 and the
unaudited year to date consolidated figures for the period ending December 31, 2019, which was subject to limited review. The consolidated results for the three months ended March 31, 2019
are approved by the Company’s Board of Directors, but have not been subjected to a limited review by theJULY
statutory auditors.
DSIJ.in 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 5
 Buy on Dips for Now
I n the midst of the ongoing economic and health gloom, the Sensex has delivered 18 per cent
return in the very first quarter of this financial year. This is the highest return across all
quarters over the past 10 years! Sounds unbelievable and yet it’s true. All our readers who
heeded our advice and staggered investments over the past three months are now enjoying the
fruits of reaping a rewarding harvest. Now, the biggest question that is uppermost in the minds
of investors is whether it is still a good time to buy fresh equities or whether this is the moment
to take profits off the table.

In our opinion, the way the market is positioned and the possibility of virus infections increasing
in number looming large, some correction does seem eminent. However, over the past few
months our central bank, for the first time, launched a ‘quantitative easing’ program to buy
government bonds. Such supporting initiatives and the amount of liquidity thereof to cushion
the faltering economy are working in favour of the bulls.

Also, the present risk-on approach is pushing the stock prices higher and making valuations
uncomfortable at Sensex levels of over 35000. In fact, if we consider the performance of penny
stocks from the March 23 levels to date i.e. June 30, we find that the average return delivered by
475 penny stocks is an impressive 94 per cent. While it sounds good to the ears, the very fact that
penny stocks are doing well also clearly indicates that investors are getting a little complacent
about their investments. And that is something we would clearly ask our readers to refrain from
in the present circumstances.

The latest concern or rather a hidden opportunity for the markets is emerging from the India-
China border. There are a lot of theories doing the rounds on how India would benefit once it
starts getting ‘aatmanirbhar’ and reduces its dependence on China. Our cover story in this issue
analyses the self-dependent initiative adopted by the Government of India and forewarns about
sectors that are vulnerable to the increasingly volatile situation between India and China. We
would like to hear our readers’ views too regarding this development. Do write back to us.

Our special story on the NBFC sector deciphers the sudden rise in NBFC stocks in June after
having been one of the major victims of the March market fallout. Travel and tourism is another
sector that has taken a major brunt during these pandemic times. Our other special story
captures all the interesting aspects affecting the prospects of this sector.

By the time our next issue comes out, we believe we will have a better grip on the gravity of the
pandemic to take a stand on market direction. Until then our advice would be to go slow and
buy on dips. The turmoil from various corners continues to weigh heavy on economic progress
while the recent market run has already taken away a lot of potential gains for now. Hence, buy
on dips for now and stay tuned for further insights.

RAJESH V PADODE
Managing Director & Editor

6 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

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Founder Graphics
Volatility in Commodity Prices
Late V B Padode Vipin Bendale As a novice investor, I found your coverage on commodity stocks highly
Managing Director & Editor Subscription & Customer Service interesting and informative. I understand that commodities, at various
Rajesh V Padode Utkarsh Sawale times, have exhibited significant price volatility. Could you explain what
Deputy Editors Compliances and Internal Audit drives these changes?
Yogesh Supekar Arvind Manor  - Saurabh Upasani
Shashikant Singh Marketing & Sales
Copy Editors Farid Khan - AVP Editor Responds: Thank you for writing to us. Simply put, supply and
Mayank Dubey - AVP Digital
Avalokita Pandey demand dynamics are the main reason commodity prices change. When there’s
Huned Contractor Mumbai: a big harvest of a certain crop, its price usually goes down while drought
Research Anand Chinchole - Sr. Manager conditions can make prices rise from fears that future supplies will be smaller
Karan Bhojwani Delhi: than expected. Similarly, when the weather is cold, demand for natural gas for
Apurva Joshi Lokesh Sharma - Sr. Manager
Amir Shaikh
heating purposes often makes prices rise while a warm spell during the winter
Nidhi Jani months can depress prices. Some commodities show more stability than others,
Domain Experts
Henil Shah such as gold, which even serves as a reserve asset for central banks to buffer
Hemant Rustagi
Pratik Shastri
Jayesh Dadia
against volatility. To conclude, the supply and demand characteristics change
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and other types of assets. We hope this clears your doubts. Do keep writing to us
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Recommendations
l Company/Scheme Reco. Price (`) Column Page No
020-49072626 OR  service@DSIJ.in ACC Limited l Buy 1332.00 Hot Chips 14

Mumbai Office Asian Granito India Limited l BP 214.10 QueryBoard 59

419-A, 4th Floor, Arun Chambers, Tardeo, Next to AC Market BAJAJ AUTO l Buy 2,842.40 Choice Scrip 10
Mumbai - 400034 022-43476012/16/17
Bajaj Finance Limited l Hold 2954.15 Reviews 62
Pune Office
Balkrishna Industries l Buy 1269.00 Kerbside 63
C-105, 1st Floor, Trade Center, North Main Road, Near Axis Bank,
Opposite Lane no. 6, Koregaon Park, Pune - 411001 Bayer CropScience l Buy 5995.70 Analysis 20
020-49072600
Cipla l Buy 627.10 Kerbside 63
Delhi 8076878278 HDFC Life l Buy 549.30 Kerbside 63
IndiaMART InterMESH l Hold 2211.20 QueryBoard 61
IOL Chemicals and Pharma. l Hold 495.35 QueryBoard 59
To advertise, mail us on ads@dsij.in
Larsen and Toubro l Hold 924.25 QueryBoard 60
Printer and Publisher: Nitin Sawant, Editor: Rajesh V Padode for DSIJ Pvt
Ltd. on behalf of Achievements Merchandise Pvt Ltd. Printed at RMOSS MEGHMANI ORGANICS l Buy 52.65 Low Priced Scrip 12
Prints Pvt. Ltd., C/449, MIDC Pawane, TTC Area, Near Mayur Cold
Storage, Turbhe, Navi Mumbai -400708 and published from 419-A, 4th Motilal Oswal Fin. Services l Buy 595.00 Kerbside 63
Floor, Arun Chambers, Tardeo, Next to AC Market, Mumbai - 400034
 All rights reserved.  While all efforts are made to ensure that the Nestle India Limited l Buy 17178.00 Hot Chips 14
information published is correct and up-to-date, Dalal Street Investment
Journal holds no responsibility for any errors that might occur. All Nippon Life India Asset Management l Buy 314.85 Technicals 18
material contained herein is based on fundamental and technical analysis
and other in-house methods, which though reliable, are not infallible. The Parag Milk Foods Limited l Hold 93.10 Reviews 62
information given in the magazine is of an advisory nature. Readers are
advised to consult experts before taking any investment decision and Dalal Rashtriya Chemical and Fertilisers l Hold 46.85 QueryBoard 60
Street Journal holds no responsibility for any losses that may arise due to
investment decisions made on the basis of information given within the Tata Consultancy Services l Hold 2092.55 QueryBoard 61
magazine. No reproduction is permitted in whole or part without written
consent from Dalal Street Journal  All disputes are subject to the Tata Elxsi l Buy 897.50 Technicals 18
exclusive jurisdiction of competent courts and forums in Mumbai only.
 Dalal Street Investment Journal is a member of INS/ABCs. BP - Book Profit • BPP - Book Partial Profits • BL - Book Loss

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 7

Market Watch
Lockdowns Go, Virus Remains
I
n spite of a new rise in the number
corona virus infections being
reported around the world, India
has, during the fortnight, initiated
the process of Unlock 2.0.
Meanwhile, shifting attention from the
pandemic was a rise in the geo-political
tensions between India and China.
Globally, several nations continued to
express their disappointment over China
imposing the National Security Law in
Hong Kong. And in the US, President
Donald Trump delivered a big blow to IT
employees with the announcement of
temporarily discontinuing the issuing of
H-1B, H-2B, H-4, L and J category visas
which are mainly sought by American
employers for their foreign employees to
work in the US.
During the fortnight, US indices
remained mixed as DJIA
and S&P 500 fell by 1.81
per cent and 0.78 per
cent respectively while
NASDAQ gained by 1.65
per cent. For UK, the
recent GDP figures show
that the impact of the
virus on the economy is
much worse than
expected as the economy
is hit by the sharpest fall
since 1979, contracting
by 2.2 per cent in the first
three months of 2020. FTSE 100 declined
by 1.17 per cent during the fortnight. For
the same period of time, other European
indices such as DAX and CAC 40
declined by 0.04 per cent and 0.33 per
cent respectively. Amongst the Asian
indices, Shanghai index gained by 1.81
per cent while Hong Kong’s Hang Seng
index inched up by 0.34 per cent.
Meanwhile, Japan’s Nikkei index
witnessed a drop of 1.30 per cent as the
country’s industrial output fell by 8.4 per
cent on MoM basis for the fourth straight
month in May to 79.1, a level not seen
8 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
post March 2009. During the fortnight,
domestic indices outperformed global
indices as the Sensex rose by 3.90 per
cent while Nifty gained by 3.91 per cent.
With businesses reopening and the
government’s increasing focus on a
self-dependent India, sectoral indices
witnessed a strong positive momentum.
The FMCG index gained by 5.37 per cent
followed by indices such as Bankex,
Power and Auto increasing by 5.12 per
cent, 5.04 per cent and 4.51 per cent,
respectively.
\The Realty index gained by 3.56 per cent
while the Metal and Healthcare indices
witnessed a comparatively slow growth
of 1.95 per cent and 0.79 per cent,
respectively. During the fortnight, the
Small-Cap index jumped by 4.43 per
cent while Mid-Cap soared by 4.48 per
Performance Of Indices
16th June 30th June Gain/Loss
Indices
2020 2020 (%)
Sensex 33605.22 34915.8 3.90
Nifty 9914.00 10302.1 3.91
Mid-Cap 12501.29 13055.28 4.43
Small-Cap 11849.62 12380.75 4.48
Auto 14616.68 15275.21 4.51
Bankex 23111.04 24293.83 5.12
FMCG 10684.54 11258.33 5.37
Healthcare 16135.23 16262.97 0.79
IT 14482.23 14886.92 2.79
Metal 7071.99 7210.02 1.95
Power 1499.25 1574.86 5.04
Realty 1527.06 1581.44 3.56
During the fortnight,
India has initiated the
process of Unlock
2.0., while shifting
attention from the
pandemic was a rise
in the geo-political
tensions between
India and China.
cent. Trading data showed that FIIs were
net sellers to the tune of `2,410.26 crore
while DIIs were net buyers to the tune of
`3,751.72 crore. An increase in corona
virus infections around the world has
caused concerns over the possibility of a
second wave that may result in an
increasing demand for the safe-haven
asset of gold as its prices rose by 1.99 per
cent to `50,700 for 10 grams of 24 carats
in the last few weeks. DS
16th June 30th June Gain/Loss
Indices
2020 2020 (%)
Dow Jones Ind 26289.98 25812.88 -1.81
S&P 500 3124.74 3100.29 -0.78
NASDAQ 9895.87 10058.77 1.65
FTSE 100 6242.79 6169.74 -1.17
DAX 12315.66 12310.93 -0.04
CAC 40 4952.46 4935.99 -0.33
Hang Seng 24344.09 24427.19 0.34
Nikkei 22,582.21 22,288.14 -1.30
Shanghai 2931.75 2984.67 1.81
Net Investment In Equity Markets (`/Cr)
Date FIIs DIIs
30 Jun 2020 -103.91 2051.31
29 Jun 2020 -957.86 1036.13
26 Jun 2020 -520.88 1304.18
25 Jun 2020 1090.41 -255.59
23 Jun 2020 430.81 454.48
22 Jun 2020 1236.67 -1287.69
19 Jun 2020 556.61 -880.66
17 Jun 2020 -1479.14 168.05
16 Jun 2020 -2662.97 1161.51
Total -2410.26 3751.72
DSIJ.in
DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 9
Recommendations Equity
reliable public transportation system and
BAJAJ AUTO growing demand for an affordable and
reliable mode of transportation in the

RIDING ON WHEELS OF FORTUNE region, Africa’s two-wheeler market is

anticipated to register robust growth in
the coming years.
HERE IS WHY Additionally, any BS VI inventory that is
Good export market unsold in India can be offloaded in Bajaj
Good growth prospects Auto’s export markets. It is surely in a
better position to do that than any of its
Good product mix.
competitors as it is the largest exporter.

B
ajaj Auto is the world’s
sixth-largest manufacturer of
motorcycles and the
second-largest in India. It is
also the world’s largest
three-wheeler manufacturer and the
largest Indian exporter of motorcycles
and three-wheelers with exports to more
than 79 nations in Africa, ASEAN
region, Latin America and the Middle
East. The company has a strong market
position with its diverse product mix
– motorcycles ranging in three segments,
namely, entry (less than 150 cc), sports
(150-220 cc) and super-sports (more
than 220 cc). In the sports segment, Bajaj
Auto is clearly the dominating leader in
India.
Through its subsidiary, Bajaj Auto holds
approximately 48 per cent stake in KTM
AG of Austria (KTM), the fastest
growing motorcycle brand in the world.
Acquiring stake in KTM AG gives Bajaj
Auto an edge in the super-sports
segment. This segment is insulated from
the factors that affect the entry level
segment like rainfall and rural demand.
Also, this segment will increase with
more people choosing bikes from the
super-sports segment. KTM’s past YoY
Best of LAST ONE Year
Name of Reco Exit/CMP Absolute Annual
Company Price Price (`) Gains Returns
(`) (%) (%)
Balkrishna Ind. 1079.8 1317.85 22.05 417.79
Tata Metaliks 667.8 826.2 37.93 89.89
Colgate-Palmolive (I) 1051.65 1231 17.5 77.78
PFC 122.6 147.6 20.39 64.96
Symphony 1429.8 1672 16.94 64.19
growth in India (2013-2019) of 38 per
cent shows this trend.
Bajaj Auto is well-diversified in revenue
generation with 60 per cent domestic and
40 per cent exports. In exports, Africa
has a share of 40 per cent, South Asia and
the Middle East 28 per cent, Latin
America 14 per cent and ASEAN 11 per
cent. It has strong brand value in Africa
and a first-mover advantage there as
compared to its Indian peers. Backed by
poor road connectivity, absence of
Social distancing will impact the use of
public transport and this trend will be a
positive factor for automobile sales with
an increasing number of people opting
for individual two-wheelers. With a good
monsoon expected this year, rural
demand would also see some pick-up.
For the quarter ended March 2020, the
company’s gross sales decreased 8.5 per
cent to `6,610.9 crore in Q4FY20 from
`7,225 crore in Q4FY19. Total
expenditure for Q4FY20 stood at
`5,563 crore as against `6,194 crore in
Q4FY19, showing a decrease of 10.19
per cent.
PBIDT, excluding other income, showed
an increase of 2.13 per cent to `1,252
crore in Q4FY20 from `1,226 crore in the
same quarter last year. PBIDT margin,
excluding other income, for Q4FY20
stood at 18.38 per cent as against 16.53
per cent in the same quarter last year.
PAT for Q4FY20 stood at `1,204 crore as
against `1,305 crore in the same quarter
last year, showing a decrease of 7.67 per
cent. PAT margin for Q4FY20 stood at
17.68 per cent as against 17.59 per cent in
the same quarter last year. The stock is
trading at a PE multiple of 16.03x and a
PB of 4.1x. By virtue of these factors, we
recommend our reader-investors to BUY
this stock. DS

CMP
Monthly Stock Market Returns Shareholding Pattern Last Five Quarters (`/Cr) (Consolidated)
(`)
BSE Code: 532977    as of March 2020 Particulars Mar-20 Dec-19 Sep-19 Jun-19 Mar-19
CMP: `2,842.40 FV: `10
BSE Volume: 17,683 Total Income 6815.85 7639.66 7707.32 7755.82 7420.6
Promoters 53.66
Date: 01/07/2020 Other Income 427.46 366.22 393.44 337.45 368.01
Public 46.34 Operating Profit 1680.04 1733.33 1672.27 1534.57 1594.44
Interest 0.91 0.47 1.24 0.54 0.29
Others --
Net Profit 1204.92 1261.5 1403.2 1020.78 1305.05
Total 100 Equity 289.37 289.37 289.37 289.37 289.37

10 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

Recommendations
MEGHMANI ORGANICS
CREATING THE RIGHT CHEMISTRY
HERE IS WHY
Dominant market position
Good growth prospects
Expansion plans to add to topline.
M
eghmani Organics
Limited mainly
operates through three
segments – pigment,
agro-chemical and
basic chemical i.e. chlor-alkali and
derivatives. It is the largest manufacturer
of phthalocyanine-based pigments with
14 per cent global market share and is
amongst the top three (capacity-wise)
global pigments players. It has a strong
client relationship with 90 per cent of its
business derived from repeat clients. The
company is also amongst the largest
producers of pesticides in India.
Additionally, Meghmani Organics is
India’s fourth-largest caustic chlorine
player. It exports to over 75 countries and
has a global footprint with a portfolio of
over 400 clients.
India is among the top global producers
of pesticides along with United States,
Japan and China. The good news is that
products worth USD 3 billion are to go
off-patent in the period 2017-20. This
gives strong growth opportunity to
generic agro-chemical players. The global
demand for chlor-alkali products will
continue to grow driven by diverse
industrial uses – glass, alumina, vinyl,
water treatment, polyvinyl chloride
(PVC) plastics, soaps, detergents, pulp
CMP
Monthly Stock Market Returns
(`)
BSE Code: 532865   as of March 2020
CMP: `52.65 FV: `1
BSE Volume: 146,416 PromOters
Date: 01/07/2020
12 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
Equity
committee at a meeting held on January
29, 2020 has considered and approved a
composite scheme of arrangement
whereby its pigment and agro-chemical
business will be separated from the
chlor-alkali and other segments.
Thereby, two separate entities will be
formed. Such a demerger could help
boost the sentiment of ‘value unlocking’
and may result in increased returns for
shareholders.
For the quarter ended March 2020, its
gross sales decreased 6.7 per cent to
`520.35 crore in Q4FY20 from `557.73
crore in Q4FY19. Total expenditure for
PRICED SCRIP Q4FY20 stood at `436.31 crore as
against `398.99 crore in Q4FY19,
Best of LAST ONE Year
showing an increase of 9.35 per cent.
Name of Reco Exit/CMP Absolute Annual
PBIDT, excluding other income, showed
Company Price Price (`) Gains Returns a decrease of 47.06 per cent to `84.04
(`) (%) (%) crore in Q4FY20 from `158.74 crore in
National Fert. 61.30 78.00 27.24 350.22 the same quarter last year. PBIDT
Gufic BioSci. 78.70 95.10 20.84 288.55 margin, excluding other income, for
Jamna Auto Ind. 77.15 96.75 25.41 254.10 Q4FY20 stood at 16.15 per cent as
Virinchi 88.00 110.00 25.00 225.00 against 28.46 per cent in the same
Amines & Plasti. 68.00 81.00 19.12 167.88 quarter last year.
PAT for Q4FY20 stood at `57.02 crore as
and paper, textiles, etc. The company’s against `77.13 crore in the same quarter
capex plans are expected to add last year, showing a decrease of 26.08 per
significantly to its revenue. These are cent. PAT margin for Q4FY20 stood at
already in the pipeline and expected to be 10.96 per cent as against 13.83 per cent
completed in FY21. That includes in the same quarter last year. In the past,
projects such as Agri-2.4D, agri- revenues, EBITDA and PAT clocked 13
formulation plant, chlor-alkali-hydrogen per cent, 28 per cent and 59 per cent
per oxide and caustic and CPP CAGR during FY15-19. Its debt-to-
expansion. equity (DE) profile has also improved
over the years and has reduced from
The management believes these will 1.00x in FY15 to 0.62x in FY19. The
together add around `500 crore to the stock is trading at a PE multiple of 6.71x
company’s topline. The Board of and a PB of 1.31x. By virtue of these
Directors of Meghmani Organics Limited factors, we recommend our reader-
on the recommendation of its audit investors to BUY this stock. DS
Last Five Quarters (`/Cr) (Consolidated)
Shareholding Pattern
Particulars Mar-20 Dec-19 Sep-19 Jun-19 Mar-19
Total Income 520.35 522.22 532.41 616.2 557.73
51.28
Other Income 26.46 7.98 17.88 3.78 -2.15
Public 48.72 Operating Profit 110.5 112.68 128.14 138.88 156.58
Interest 15.65 13.5 6.07 7.35 18.15
Others 0
Net Profit 57.02 56.7 97.49 77.81 77.13
Total 100 Equity 25.43 25.43 25.43 25.43 25.43
DSIJ.in
 KIOCL LIMITED (A Government of India Enterprise)
CIN - L13100KA1976GOI002974
Regd. Office - II Block, Koramangala, Bengaluru - 560034
Tel & Fax No.080-25531525, E-mail: cs@kioclltd.com, Website: www.kioclltd.in

Audited Financial Results For The Quarter And Year Ended

31St March, 2020
(` in Lakhs except EPS)
Quarter ended Year ended
31.03.2020 31.12.2019 31.03.2019 31.03.2020 31.03.2019
Particulars
(Audited) (Un-Audited) (Audited) (Audited) (Audited)
1 2 3 4 5
Total Income from Operations 49,975 47,824 64,448 1,93,765 1,88,771
Net Profit / (Loss) for the period
3,272 (294) 9,796 6,368 18,412
(before tax, Exceptional and/or Extraordinary items)
Net Profit / (Loss) for the period before tax
3,272 (294) 9,796 6,368 18,412
(after Exceptional and/or Extraordinary items)
Net Profit / (Loss) for the period after tax
2,646 (366) 4,483 4,348 11,186
(after Exceptional and/or Extraordinary items)
Total Comprehensive Income (TCI) for the period
(Comprising Profit / (Loss) for the period (after tax) 2,625 (366) 5,573 4,327 12,276
and Other Comprehensive Income (after tax)
Equity Share Capital 62,193 62,193 62,193 62,193 62,193
Reserves (excluding Revaluation Reserve) as shown in
- - - 1,29,400 1,37,203
the Audited Balance Sheet of the previous year.
Earnings Per Share (of `10/- each) Basic & Diluted 0.43 (0.06) 0.72 0.70 1.78
Note :
1) The above is an extract of the detailed audited Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations 2015. The full format of the Financial Results for the quarter ended and year ended
March 31, 2020 are available on the Stock Exchange(s) website www.nseindia.com,www.bseindia.com, www.msei.in and on Company
website at www.kioclltd.in.
2) The above results of the Company have been reviewed by the Audit Committee and approved by Board of Directors at their Meeting held on
25.06.2020.

By Order of the Board

for KIOCL LIMITED

(S.K. GORAI)
Place : Bengaluru DIRECTOR (FINANCE)
Date : 25.06.2020 (DIN: 07223221)
Recommendations
NESTLE INDIA LIMITED
BSE CODE Volume Face Value
500790 5,081 `10
N
estle India Limited is a FMCG
company engaged in the food
business. Its business includes
products related to milk and nutrition,
beverages, prepared dishes and cooking
aids, and chocolate and confectionery.
Nestle India’s popular brands include
Nestle Baby & Me, Nescafe, Nescafe
Classic, Maggi, Maggi Oat Noodles, Nestle
Kit Kat, Nestle Bar One, Nestle Alpino,
Nestle Munch, etc. For Q4FY20, the net
sales reported by the company amounted
to `3,305.78 crore which have grown by
10.84 per cent compared to the revenue of
`2,982.39 crore for Q4FY19. The PBDT
increased by 0.41 per cent to `795.20 crore
in Q4FY20 as against `791.99 crore for
Q4FY19. Compared to the net profit of
`525.43 crore in Q4FY20, it is 13.55 per
cent more as compared to `462.74 crore
for Q4FY19. The company wasn’t much
The scrips in this affected by the virus pandemic disruptions
column have been due to initial stockpiling of packaged
recommended goods. Nestle India intends to undertake
with a 15-day investment ACC LIMITED
horizon in mind and
carry high risk. Therefore, BSE CODE Volume Face Value
500410 1,31,335 `10
investors are advised to
Scrip’s Movement
take into account their risk
appetite before investing,
as fundamentals may
or may not back the
recommendations.
2020
Last Seven Days’ Volume Table
(No. of Shares)
Days Volume
June 22, 2020 15,498
June 23, 2020 48,874
June 24, 2020 53,989
June 25, 2020 44,953
June 26, 2020 21,987
June 29, 2020 55,299
June 30, 2020 1,31,335
(Closing price as of June 30, 2020)
14 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
Equity
CMP - `17,178
Target Stoploss
`18,500 `16,000 (CLS)
Scrip’s Movement
2020
Last Seven Days’ Volume Table
(No. of Shares)
Days Volume
June 22, 2020 7,058
June 23, 2020 8,053
June 24, 2020 4,029
June 25, 2020 13,104
June 26, 2020 9,729
June 29, 2020 7,104
June 30, 2020 5,081
cost-saving initiatives to boost operating
margins. New product launches are
expected to drive growth in the future.
Hence, we recommend a BUY.
CMP - `1,332
Target Stoploss
`1,430 `1,245 (CLS)
A
CC Limited is engaged in the
manufacturing of cement and ready
mixed concrete. Its products include
Portland cement, premium cement and bulk
cement. On a consolidated quarterly front,
the company reported net sales of `3,433.02
crore in Q3CY20, down by 10.82 per cent
from `3,849.63 crore in Q1CY19. Operating
profit came in at `642.40 crore in Q1CY20,
declining by 6.67 per cent from `688.30 crore
in Q1CY19. Net profit was reported at
`320.79 crore in Q1CY20 and `342.80 crore
in Q1CY19, falling by 6.42 per cent.
Although the lockdown has adversely affected
demand, the company has net cash of
`4,400 crore which provides it with a cushion
from any extended period of weak topline.
Gradual improvement in demand along with
the resumption of operations and falling
energy prices should bode well for the
company going forward. Thus we recom-
mend a BUY. DS
DSIJ.in
 EMMBI INDUSTRIES LIMITED
Regd. Off.: 99/2/1 & 9, Madhuban Industrial Estate, Madhuban, Dam Road, Rakholi Village, U. T. of Dadra & Nagar Haveli,
Silvassa - 396230 Tel : +91 22 6784 5555, Fax : +91 22 6784 5506 Email : info@emmbi.com, Website : www.emmbi.com
CIN : L17120DN1994PLC000387

Statement of Audited Financial Results For the Quarter and Year Ended 31st March, 2020
Published pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015
PART-I ` In Millions ( Except per share data)
QUARTER ENDED YEAR ENDED
Sr.
Particulars 31.03.2020 31.12.2019 31.03.2019 31.03.2020 31.03.2019
No.
(Audited) (Unaudited) (Audited) (Audited) (Audited)
1 Income from Operations
Gross Value of Sales 846.62 876.63 826.61 3,331.40 3 ,148.45
Less : GST Recovered 99.84 61.54 71.46 292.07 258.37
(a) Net Sales/ Income from Operations 746.77 815.10 755.15 ,039.34 2,890.08
(b) Other Income 0.74 0.27 0.59 1.61 1.37
Total Income from Operations (a+b) 747.51 815.36 755.74 3,040.95 2,891.45
2 Expenses
(a) Cost of materials consumed 541.14 546.68 499.45 2,063.93 1,859.16
(b) Purchase of Stock-in Trade - - - - 40.07
(c) Changes in inventories of finished goods, and work-in-progress and stock in trade (62.84) (3.58) (4.08) (67.06) (24.77)
(e) Employee Benefit Expenses 47.88 47.12 38.27 168.54 150.72
(f) Finance Cost 30.72 30.94 24.69 119.42 109.58
(g) Depreciation & Amortisation Expenses 17.04 18.08 16.56 69.73 62.60
(h) Other Expenses 134.93 126.93 115.95 499.74 455.05
Total Expenses 708.87 766.16 690.85 2,854.31 2,652.41
3 Profit before Exceptional and Extra ordinary items and Tax (1-2) 38.64 49.20 64.88 186.64 239.04
4 Exceptional Items - - - - -
5 Profit before Extra ordinary items and Tax (3-4) 38.64 49.20 64.88 186.64 239.04
6 Extra ordinary items - - - - -
7 Net Profit from Ordinary Activities before Tax(5-6) 38.64 49.20 64.88 186.64 239.04
8 Tax Expenses
I. Current Tax (2.59) 10.78 13.84 31.93 51.18
II. Deferred Tax 3.79 2.49 2.91 8.44 9.96
9 Net Profit for the Period (7-8) 37.44 35.93 48.14 146.27 177.90
10 Other Comprehensive Income
Remeasurement of Defined Benefit Plans (1.21) (0.10) 1.02 (1.51) 0.02
Income Tax - - - - -
11 Total Comprehensive Income for the period (9+10) 36.23 35.83 49.16 144.76 177.92
12 Paid up Equity Share Capital (F. V. of `10/- Each) 176.90 176.90 176.90 176.90 176.90
13 Other Equity excluding Revaluation Reserve - - - 1,106.81 972.72
14 Earnings per Share (of `10/- each ) :
(a) Basic-` 2.12 2.03 2.72 8.27 10.06
(b) Diluted-` 2.12 2.03 2.72 8.27 10.06
Notes :
1 The Audited Financial Results have been reviewed and recommended by Audit Committee and approved by the Board of Directors in its meeting held on 18th June,
2020. The above results have been audited by the Statutory Auditors of the Company. Figures of the quarter ended 31st March, 2020 and 31st March, 2019 are the
balancing figures between audited figures in respect of the full financial year and published year-to-date figures upto the third quarter of the relavant financial year.
2 This results have been prepared in accordance with the Companies (Indian Accounting Standards) Rule, 2015 (Ind AS) prescribed under Section 133 of The Companies
Act, 2013 and other recognised accounting practices and policies to the extent applicable.
3 The Board of Directors have recommended dividend of Re. 0.40 (4.00%) per fully paid up equity share of `10/- each for the financial year 2019-20 subject to the ap-
proval of the shareholders in the ensuing Annual General Meeting.
4 Various De-Bottlenecking activities and addition of certain key equipments carried out in FY.: 2019-20 has resulted into increase of useable capacity by 200 MT per
month totalling to 2400 MT per annum. The new capacity is 25040+2400 = 27440 MT per annum.
5 The entire operation of the Company relate to only one segment viz. Polymer based multiple products. Hence, as per the Management approach under Ind AS - 108,
the company has a single operating segment.
6 The outbreak of covid-19 has impacted companies operations by the way of interruption in production activities, ,supply chain and availability of manpower. It started
with one day Janta Curfew and was preceded by 21 days nationwide lockdown from 25th March, to 14th April The company however resumed partial operations w.e.f.
9th April 2020 after getting requisite permissions then the production from the UT Administration and since then the operations are stabilizing
7 One of the Major Export Product FIBC was getting 4 % MEIS benefit to the company for the exports.This was withdrawn from 1st August 2019. The new scheme for the
same is under consideration by Govt of India and is expected to be launched soon.
8 Figures for the Previous Period / Year have been re-grouped /re-worked / re-arranged wherever necessary, to make them comparable.

For and on behalf of the Board.

For Emmbi Industries Limited

Place : Mumbai Makrand Appalwar

Date : 18th June, 2020 (Managing Director)
Technicals Equity

NIFTY Index Chart Analysis

A PHASE OF CONSOLIDATION

D
espite the markets ending
the last trading session of
June month with a negative
bias, overall, the month of
June turned out to be a
triumphant one as Nifty recorded gain of
7.5 per cent. While outpacing the Nifty,
Bank Nifty recorded a double digit gain
of 10.74 per cent. Further, in June, all the
components of Bank Nifty ended in
green. If this was not enough, the broader
markets surprised everyone with Nifty
Mid-Cap and Small-Cap jumping 10.78
and 15.29 per cent in June. India VIX, a
Roadmap for the next 15 trading sessions
Ideas Nifty Levels Action to be Initiated Probable Targets
Trading above 10,410 on a weekly closing basis
Resistance for the medium term 10,410 10,600-10,750
would give further momentum to the bulls
Close below 10,194 on the weekly chart would
Support for the medium-term 10,194 10,000-9,930
change the trend and trigger a retreat
range and not giving much to any of the However, options traders enjoy such type
camp. It is broadly moving in the range of range consolidation phases where they
of 10,194.50-10,409.85. During this try to profit from the time decay. Going
range-bound trading, a majority of the ahead, the important levels to watch out
candle formation is indecisive in nature. would be 10,410 on the higher side and
But the candle formed on June 30 is a 10,194 on the downside. A break on
bearish one. either side would open doors for a
directional move. A
sustainable move above
10,410 would open
doors for 200 points and
similarly, a move below
10,194 would result in a
swift move of 200
points. So this may
result in an upside target
of 10,610-10,750.
Whereas, on the
downside, 10,000 would
be followed by the 9,929
level.

In the lower timeframe

barometer of the market’s expectation
of volatility over the near term, declined
for the third straight month. In
institutional activity the FIIs ended the
month with overall net inflow of Rs
5,492.95 crore in the cash segment while
DIIs reported a net inflow of Rs 2,434.40
crore.
With this exultant performance in June,
market participants would be eyeing even
the month of July to be a cheerful one.
But let us look at the technical charts to
get sense of what and how the technical
patterns and parameters are currently
poised and what they indicate. Since June
25, Nifty has been consolidating in a
However, this bearish candle formation is
placed within the consolidation phase
and hence its relevance is not of high
importance. Usually this type of tight
consolidation is a clear sign of a volatility
contraction phase where after a sharp
move, markets or security tend to trade
sideways before taking the next leap
forward. A break on either side of the
consolidation leads to sharper moves. In
May we saw similar consolidation taking
place between May 18-26 and after
breaking out of the range, the index saw a
robust upmove.
This type of tight consolidation is not
pretty much helpful for trend traders.
i.e. hourly, the Bollinger
bands are narrowing
and the RSI on the
hourly timeframe took support at 40
while inching higher. Meanwhile, on the
daily timeframe it’s above the 60 mark.
On the daily timeframe, ADX is 19.34
and suggests that the trend is yet to be
developed. Directional indicators
continue in the ‘buy’ mode as +DI
continues above –DI. Thus, a majority
are signaling a bullish bias. Overall, in
the near-term, consolidation could be
seen in the range of 10,194-10,410 and
either side breakout would result in a
range breakdown or breakout.
Thereafter, traders can take an aggressive
position to play the trend. As long as
consolidation continues, focus on
stock-specific action.

16 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 Banswara Syntex Limited
Regd. Office : Industrial Area, Dahod Road, Banswara - 327001 (Rajasthan) Phone: 91-2962-240690-91, 257679-681 Fax: 91-2962-240692
Corporate Office : 4-5th Floor, Gopal Bhawan,199, Princess Street, Mumbai-400002 Phone: +91 22 66336571-76 Fax:+91 22 22064486 / 66336586
Website : www.banswarasyntex.com, Email : jkjain@banswarasyntex.com CIN. L24302RJ1976PLC001684
STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2020
Rs. In Lakhs, except per share data
Quarter Ended Year Ended
Particulars 31-Mar-20 31-Dec-19 31-Mar-19 31-Mar-20 31-Mar-19
Unaudited Unaudited Unaudited Audited Audited
Revenue From Operations
(a) Sale of Products & Services 26363.62 33259.83 32369.46 126980.76 132823.73
(b) Other Operating Revenue 371.92 346.06 573.43 1969.07 2269.74
I. Total Revenue From Operations (a) + (b) 26735.54 33605.89 32942.89 128949.83 135093.47
II. Other Income 46.01 541.51 380.79 1286.78 1357.78
III. Total Revenue (I+II) 26781.55 34147.40 33323.68 130236.61 136451.25
Expenses :
Cost of Materials Consumed 11747.14 12760.92 16801.29 57006.14 65770.78
Purchases of stock-in-trade 0.00 0.00 0.00 0.00 0.00
Changes in Inventories of Finished Goods, Stock-in-Trade and Work-In-Progress 719.71 2211.54 -1913.18 3124.21 1001.02
Employee Benefits Expenses 5354.74 6310.88 5877.37 24172.52 23691.25
Finance Costs 1068.91 1201.47 1381.20 4872.44 5639.96
Depreciation, Amortization & Impairment expenses 1235.73 1261.42 1312.99 5120.45 5487.39
Power & Fuel 2553.47 3049.53 3041.76 11943.38 13101.49
Other Expenses 4271.92 4892.07 5215.18 18285.06 19509.59
IV. Total Expenses 26951.62 31687.83 31716.61 124524.20 134201.48
V. Profit/(Loss) before exceptional item and tax (III-IV) -170.07 2459.57 1607.07 5712.41 2249.77
VI. Exceptional Items 2.97 13.97 -148.24 44.81 -298.87
VII .Share of Profit in Joint Venture 0.00 0.00 0.00 0.00 0.00
VIII. Profit/(Loss) before tax (V+VI+VII) -167.10 2473.54 1458.83 5757.22 1950.90
IX. Tax Expense :
(1) Current Tax -209.97 522.32 221.25 1059.98 357.00
(2) Deferred Tax -212.15 -78.30 -194.88 -640.97 -820.57
X. Profit after tax (VIII-IX) 255.02 2029.52 1432.46 5338.21 2414.47
Other Comprehensive Income
A. Item that will not be reclassified to profit or loss
(i) Remeasurement of defined benefit plan -296.18 70.64 60.35 -84.27 282.55
(ii) Tax relating Remeasurement of defined benefit plan 103.50 -24.68 -13.01 29.45 -60.89
B. Item that will be reclassified to profit or loss (net of tax)
XI. Total Other Comprehensive Income for the Period (net of tax) -192.68 45.96 47.34 -54.82 221.66
XII. Total Comprehensive Income for the Period (X+XI) 62.34 2075.48 1479.80 5283.39 2636.13
XIII. Paid-up Equity Share Capital (Face Value of the Share - Rs. 10/- Per Share) 1711.60 1711.60 1711.60 1711.60 1711.60
XIV. Other Equity (Excluding revaluation reserve, As per Audited Balance Sheet) 27,732.88
XV. Earnings per equity share (of Rs. 10/- each) (not annualised):
from continuing operations
(1) Basic 1.49 11.86 8.37 31.19 14.11
(2) Diluted 1.49 11.86 8.37 31.19 14.11
See accompanying notes to the financial results
Notes and liquidity to meet its financial and other commitments. However, the impact assessment
1 The above financial results have been reviewed and recommended by the Audit Committee of COVID-19 is a continuing process given the uncertainties associated with its nature and
and approved by the Board of Directors at their meetings held on 27 June 2020 and have duration and, accordingly, the impact may be different from that estimated until now.
been audited by the statutory auditors.
2 The standalone financial results are prepared in accordance with Indian Accounting 4 In line with the provision of Ind AS 108- “Operating Segment” and on the basis of review of
Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read operations being done by the management of the Company, the operations of the Company
with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies fall within a single operational segment viz. Textiles, which is considered to be the only
(Indian Accounting Standards) Amendments Rules, 2016 and other Recognized Accounting reportable segment by the management.
Practices and Policies to the extent applicable. 5 The Company had 50% share capital (36 Lakhs Equity Shares) of Tesca Textiles and Seat
3 The Company is engaged in manufacturing and sale of textile products. The COVID-19 Components (India) Private Limited (A Joint Venture Company). It has sold 20% of it’s
Pandemic caused disruption in the production, supply and marketing activities. Due to share (7.2 Lakhs Equity Shares) on 24 June 2020. Now the company holds 40% share
the Lock down announced by the Government of Rajasthan / Government of India, entire capital in the Joint Venture.
operations of the Company came to a halt with effect from 22 March 2020. The Company 6 The Company has adopted Ind AS 116 “Leases” effective 01 April 2019 as notified by the
resumed its manufacturing activities, in a phased manner, as per Government directives Ministry of Corporate Affairs (MCA) in the Companies (Indian Accounting Standard) Amend-
w.e.f. 20 April 2020. The plant utilization is impacted by the paucity of orders and availability ments Rules, 2019 using modified retrospective method. The adoption of this standard did
of required labour for production. not have any material Impact on profit of the current quarter.
The Company has evaluated the impact of COVID-19 on its business operations and 7 The figures for the quarter ended 31 March 2020 and 31 March 2019 are the balancing
financial position; considering these, required care has been taken while preparing these figures between the audited figures for the full financial year and published year to date
financial statements. figures up to 31 December 2019 and 31 December 2018. Also the figures up to the end of
The Company is closely monitoring the situation of COVID-19 and relevant restrictions im- the third quarter were only reviewed and not subjected to audit.
posed by the regulatory authorities. There is no significant impact on the financial results for 8 The figures of the quarter/previous periods have been regrouped/recast/reclassified,
the year ended 31 March 2020. The Company has taken steps to ensure adequate safety wherever considered necessary, to conform to current period’s/quarter classification.
For and on behalf of Board of Directors
BANSWARA SYNTEX LIMITED

Place: Banswara (RAVINDRA KUMAR TOSHNIWAL)

Date: 27 June 2020 Managing Director
DIN : 00106789
Technicals Equity
STOCK RECOMMENDATIONS

TATA ELXSI ............................. BUY ............................. CMP `897.50

BSE Code : 500408 Target 1 .... `980 | Target 2 ..... `1024 | Stoploss....`845(CLS)
Tata Elxsi is amongst the world’s leading providers of design
and technology services across various industries including
automotive, broadcast, communications and healthcare. The
stock has witnessed a breakout of bullish pennant pattern,
indicating continuation of the positive trend. Further, the
breakout is supported by robust volume of more than double
of 30 days’ average volume, indicating strong buying interest
by market participants. The stock is forming a series of higher
high and higher lows after from registering a low of `499.95
as on March 25. Further, this trend confirmation is given by
the moving averages as the stock is trading above its
important short to long-term moving averages i.e. 20, 50 and
200 DMA. It is also in a rising trajectory. There is a ‘golden
crossover’ observed on the stock as the 50 DMA recently
crossed above its 200 DMA, which is a positive signal. The
14-period RSI on the daily timeframe is in bullish territory.
Furthermore, in the recent sideways to corrective mode the RSI never breached its 60 mark, which indicates that the stock is in a
super bullish range as per RSI range shift rules. The trend strength indicator, Average Directional Index (ADX), is at 38.25, which
indicates strength. The +DI is much above the -DI. This structure is indicative of the bullish strength in the stock. Considering the
above factors, buy this stock in the range of `880-905 with a stop loss of `845 on a closing basis for a target of `980-1,024.

NIPPON LIFE INDIA ASSET MANAGEMENT .......... BUY ....... CMP `314.85
BSE Code : 540767 Target 1 ..... `350 | Target 2 ..... `359 | Stoploss....`290 (CLS)
The company is engaged in the business of fund
management activities. In the swift corrective decline during
the period of February-March the stock corrected more
than 50 per cent and registered a low of `207.70 in March.
Similar lows were tested in the month of April. Hence, the
stock has formed a strong base in this region and is headed
higher. During this up-move the stock witnessed a resolute
breakout of the horizontal trend-line placed at the level of
`292-299. Following a breakout, the stock’s price moved
swiftly and marked a high of `322. Thereafter, the stock has
been seen moving in a sideways phase. It re-tested its
breakout level. If we take into account the volume activity
during this sideways phase, it’s not significant and hence it
should be viewed as a routine decline after a robust move.
The current re-test of breakout level offers a favourable entry
point. The stock is trading above its 20 DMA and the 20 DMA is in a rising trajectory. The leading indicator RSI on the daily
timeframe is in bullish territory, which is a positive signal. We expect the stock to move higher and test levels of `350-359 in the
medium term as it is the 61.8 per cent retracement of the decline of February-March. One can maintain a stop loss of `290 on a
closing basis. DS

(Closing price as of June 30, 2020)

*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.

18 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

Communication Feature
Rajesh Punia, MD, Oriental Trimex Ltd.
O
riental Trimex Ltd. is
engaged in the
segments of mining,
imports and process-
ing of natural stones
such as marble,
traventine and onyx with sourcing
channels spread across the globe. After a
successful run of all its products, the
company has now planned major
inclusion of more products in the
flooring and cladding segment.
Oriental Trimex has a pan-India
presence with factories located at
strategic locations such as Greater
Noida, Chennai and Kolkata. It procures
premium quality marble from countries
like Italy, Spain, Turkey, Egypt, Greece
and China.
Its brand ‘Rare Earth’ is a representation
of natural, exotic and fine grained
marble which is carefully and selectively
handpicked from the world over. The
company has strong sourcing abilities
and understands the local requirements
and preferences of its customers – an
equation that several players in this field
have failed to crack. The marble supplied
under Oriental Trimex’s Rare Earth
brand is preferred by well-known
architects, dealers, major blue-chip
players in the building and construction
industry and promoters of hotels,
hospitals, shopping malls, commercial,
and retail and residential projects.
The company caters to its buyers across
DSIJ.in
Oriental Trimex:
Riding High On New
Product Inclusion
The company has strong sourcing abilities and
understands the local requirements and
preferences of its customers
different geographical regions such as in
the northern region including Delhi and
NCR, the southern region including
Bangalore and Chennai and the eastern
region including Kolkata.
Presently it has a 50,400 MTPA capacity
for processing of natural stones for floor-
ing, which is one of the largest in the
country. It now plans to add more
products, including exotic imported
granites, nano stones, designed tiles and
laminated floors, to its portfolio. These
new launches will enable its customers
to have all kinds of flooring and cladding
items under one roof.
The company is also strongly present
in the mining and processing of
granite in the state of Orissa. The
processing facilities of its units are fully
mechanised with state-of-the-art
machinery, all imported from the best
overseas suppliers. Oriental Trimex is a
member of the Chemicals and
Allied Products Export Promotion
Council, Centre of Development of
Stones and All India Granite and Stone
Association
“The government’s initiative to revive
stalled housing projects in and around
NCR and the direction of the Supreme
Court to complete such projects in a
time-bound manner to provide relief to
home buyers will help to increase the
company’s revenue,” states Managing
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL
BSE Code 532817
NSE Code ORIENTALTL
Face Value `10
CMP `15.40
Average Volume 93571
Promoters’ Holding 28.08%
FIII 9.21%
Public 62.71%
Director Rajesh Punia. Many such
incomplete projects are in or around
Noida, Greater Noida and Noida
Extention.
The company has its processing facilities
within NCR at Greater Noida and is
therefore hopeful of being awarded
many of such projects including projects
from hotels and commercial blocks
alongside the upcoming Jewar Airport.
The company has carried out an
extensive study and plans to export its
products to the Middle East. Further, a
development that will benefit the
company is that under the central
government’s ‘Smart City’ plan, 12 cities
of Uttar Pradesh have been finalised so
far which are moving towards fast
urbanisation.
“The focus is on Tier 2 and Tier 3 cities
which will add to the advantage,” Punia
says. Taking into consideration the
ambitious plans of the company,
long-term investors can keep any eye on
this one.
19
Analysis Equity

Bayer CropScience
Reaping Rich Rewards
With the operations of Monsanto India merged with Bayer CropScience, the latter has begin to stockpile advantages
accruing from substantial savings in the cost of compliances and marketing and distribution synergies

B
ayer CropScience Limited is
the Indian subsidiary of
Bayer AG and is engaged in
the manufacturing of
insecticides, rodenticides,
fungicides and herbicides. It
mainly operates in the agriculture care
segment. The company offers crop
solutions for various crops such as cotton,
fruits, millet, mustard, pulses, rice,
soybeans, sugar cane, vegetables and
wheat. It also offers various pest
management solutions, such as
professional pest management for
household or structural pests and vector
management for pests that pose a threat
to public health.
Some of the company’s well-known
brands include Aliette, Folicur, Melody
Duo, Atlantis, Basta, Laudis, Lucifer, Raft,
Ricestar, Larvin, Raxil, Planofix, etc.
Industry Overview
During the year, crop production and
yield in key growing regions globally have
been adversely impacted by unfavourable
weather conditions. According to the
Grain Market Report by the International
Grains Council, global grain production
is estimated to have dropped by 17
million tons (MT) in FY 2018-19 to a
comparative three-year low of 2,125 MT.
Crop protection chemicals are essential
for increasing agricultural productivity.
The global crop protection industry,
which reached a value of around USD
57.7 billion by 2017, is expected to reach
USD 77.3 billion by 2023, thus witnessing
5.3 per cent CAGR during 2018-2023.
India is the fifth-largest exporter of
pesticides with most of the exports being
off-patent products. Export of pesticides
is likely to grow at a CAGR of 8.6 per cent
and reach USD 4.2 billion by FY 2024-25.
The disruptions caused by the
coronavirus pandemic indeed impacted
the agrochemical industry. As a result, to
ensure smooth transportation of goods,
manufacturing and distribution of plant
protection chemicals, seeds, and fertilisers
were brought under the Essential
Commodities Act by both central and
state governments.
However, district authorities were
empowered to decide about the restarting
or level of activities that would take place
in the region depending on the outbreak
of cases in their jurisdiction. This led to a
slightly chaotic situation. Further, various
agrochemical industries feel that
manufacturing may face obstacles
hindered by the shortage of demand.
Despite this, during Q1FY21 and

20 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

Q2FY21, the domestic agrochemical
industry is expected to grow by more than
20 per cent YoY driven by significant
increase in herbicide sales, pre-buying led
by robust demand expectation and also
price increase in generic molecules.
Financial Overview
For Q4FY20, Bayer Crop Science gained
revenue of `458.7 crore from operations,
which is a significant increase of 82 per
cent compared to `252.2 crore for
Q4FY19. Owing to profit progression
mainly from additional topline,
integration and one-time effects as well as
from synergies, the company reported an
operating profit of `54.3 crore for Q4FY20
as against an operating loss of `95 crore
reported for Q4FY19. Subsequently, the
company gained a net profit of `31.5 crore
for Q4FY20 as against net loss of `57.1
crore calculated for Q4FY19.
As a result of increased channel
penetration as well as a positive crop
season followed by good water availability
which favourably impacted the
production of vegetables, fruits and corn
corps, Bayer Crop Science gained a
revenue of `3,609.4 crore from operations
for FY20 as compared to
`3,167.3 crore for FY19, thus clocking
growth of 14 per cent. The company
reported 49 per cent gain in operating
profit calculated for FY20 at `713.3 crore
Peer Comparison
Company Name Market Cap
` Cr.
Bayer CropScience 26782.79
PI Industries 21435.05
Rallis India 5147.59
BASF India 5073.73
Meghmani Organics 1322.43
Punjab Chem. & Crop Protection 622.86
Shivalik Rasayan 420.06
DSIJ.in
when compared to `480 crore for FY19. in terms of substantial savings in the cost
During FY20, Bayer Crop Science’s net of compliances and marketing and
profit rose by 40.75 per cent from distribution synergies. On a long-term
`337.1 crore posted in FY19 to `474.5 basis, the merger is expected to boost the
crore calculated for FY20. The Board of growth potential of Indian agriculture
Directors of the company has declared an industry as a global producer as well as
interim dividend of `90 per equity share exporter of food, feed and fibre. The
of `10 each for FY20-21. integration with Monsanto seems to be
well on track with savings being done on
Merger with Monsanto employee costs, benefit to overall product
portfolio as well as rationalisation in other
Back in 2018, Bayer AG had announced expenses. The full benefits of this merger
completion of the USD 63 billion are expected to be seen from FY22.
mega-deal to acquire US-based biotech
major Monsanto to create the world’s
biggest agro-chemical and seed company. Outlook
This further allowed Bayer AG to establish In the chemical sector, agro-chemicals are
a strong presence in the world’s seeds and expected to have stable business despite
pesticides industry. Bayer AG is the disruptions caused by the virus
considered a leader in crop protection pandemic. For 2020, a normal monsoon
portfolio while Monsanto has a strong is predicted which will boost farming
hold in conventional and biotech seeds, activities, leading to an increase in
traits and digital agricultural tools. demand for the products of Bayer Crop
Monsanto has a significant presence in Science. The company’s growth is driven
North and South America while Bayer by high corn portfolio sales. As expected,
AG has a strong presence in Europe. The synergy benefits from Monsanto’s
acquisition of Monsanto further provided portfolio have been yielding positive
Bayer with an opportunity to offer a wide growth results. The company has
set of solutions to farmers and expand its currently shifted its focus from channel
wings into American continents. placement-driven growth to monitoring
the liquidation at retail levels before
The operations of Monsanto India were placing materials. Looking forward, this
merged with Bayer Crop Science with the move is expected to restrict unnecessary
former’s products becoming a part of the channel filling during current times when
latter’s product portfolio. The merger was the global economy is down all along,
undertaken with a view of reaping benefits keeping a vigil on inventory and
receivables.
ROA ROE ROCE Adjusted EV/EBITDA Adjusted EPS
(%) (%) (%) PE (x) (x) (`) Bayer CropScience enjoys a unique
5.30 12.98 20.55 63.29 35.84 69.27
position in the market because of its
capability to offer new innovative
9.75 19.56 25.12 34.91 22.35 29.54
products, technologies, processes, services
6.57 13.76 17.58 18.41 11.47 9.54
and business models. As the company
2.13 5.94 10.46 78.07 28.17 18.88
continues to emphasize on new business
11.71 21.97 23.48 9.24 6.94 6.63
models as key driver for long-term value
5.33 22.09 25.16 41.87 12.27 16.52
creation, we recommend BUY. DS
7.45 8.81 8.95 41.72 27.75 6.47
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 21
Special Report

Non-banking financial
companies (NBFCs) have been
going through extremely
difficult times, first on account
of the IL&FS fallout that shook
the industry and now due to
the virus-triggered pandemic.
Anthony Fernandes
investigates the overall impact
on this sector and studies how
the government’s stimulus
packages may offer a ray
of hope

NBFCs : Caught Between A Rock And A Hard Place

T
he corona virus outbreak and the ensuing
lockdown have hurt almost all industries in India,
but for the country’s USD 370 billion shadow
banking sector, the virus-led freeze is only the latest
headwind in a multi-year storm that’s dragged this
sector. Over the past two years, several non-banking financial
companies (NBFCs) in India have been dealing with bad news
upon bad news, including a cash crunch, the high cost of capital
and burgeoning bad loans. Once praised for reaching every
nook and cranny of India, today NBFCs are struggling for
survival. Before we try to study the impact the pandemic has
had on NBFCs, we need to understand the factors that have put
this sector in such a predicament in the first place.
Credit Crunch Ripple
It was September 2018 when the financial sector witnessed the
onset of a crisis with a major player, Infrastructure Leasing &
Financial Services (IL&FS) Group, an NBFC, defaulting on
several repayments. At the time, this was a largely out-of-
character and unheard-of action and it shook the industry to its
core, creating ripples of panic and apprehension. Established in
1987, IL&FS was set up as a financial institution that could also
function as a technical consultant. Over the years, it grew in
size and its influence in the industry, consisting of 300 group
companies. However, slow economic growth forced the
company to rely on debt funding which led to an accumulated
debt of over `90,000 crore.
The occurrence of a default in one group created a ripple effect
of shock throughout the industry, making difficult for others to
refinance their debt. Suddenly, the industry was put on a red
alert and every group, authority, company or institution was put
under scrutiny. This was a largely unexpected event since rating
agencies had given AAA rating to the bonds which were soon
downgraded. All this time, around 45 per cent of the NBFCs
were being financed through mutual funds but due to the
sudden change in perception of the industry, they stopped
funding NBFCs, further worsening the situation.
After much scrutiny and investigation trying to figure out the
reason for the crisis, several flaws in the core operational
structure of NBFCs in India were identified – one of them
being an asset-liability mismatch in the core structure of

22 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

NBFCs. In simple terms, they started lending long-term loans
while depending on short-term funds, meaning the money
they borrowed was up for repayment much before the
repayment of the rolled-out loan was due. This led the
companies to further take short-term funds to repay the other
short-term funds. Since cheap funds were available during the
demonetisation phase, NBFCs were motivated to keep on
lending more money.
The excess of credit flow available to the NBFCs led them to
hasten their loans’ procedure, compromising their various
underwritten standards for lending loans. This cycle kept on
growing unchecked and caused a major cash crunch, thereby
leading the companies to default in their repayment of interest
on bank loans and commercial paper redemption obligations.
The crisis is being compared to the 2008 market crash caused
by the US mortgage-backed loans and its major contributors.
Hence, the NBFC crisis is dubbed by many as India’s ‘Lehman
Movement’.
Pandemic Impact on NBFCs
The outbreak of corona virus and the resultant slowdown has
had a tremendous impact on the economy. NBFCs have been
significantly impacted as well. The reason for that is that
NBFCs are the prime lenders to MSMEs and real estate – two
sectors that have been very severely impacted because of the
pandemic and the subsequent lockdown that it has spawned.
Reserve Bank of India’s (RBI) announcement of allowing the
moratorium on term loan instalments by lending institutions
would be availed by most of the NBFCs and should offer them
much material liquidity support.
The liquidity covers have not depleted significantly because
NBFCs managed some collections in April and May, which
varied depending on the segment of operations. Negligible
disbursements also helped prop up liquidity covers to some
extent. Fund-raising, on the other hand, will continue to be a
challenge for most NBFCs because investors remain risk-
averse. With debt repayments remaining high in the near term
– especially June 2020 – how NBFCs manage the refinancing
risk will be a key aspect to monitor.
n Retail NBFCs
These companies cater to the informal and self-employed
borrower segment and thus face a higher impact owing to the
pandemic due to the income volatility at the consumer’s end.
The severity would be higher for segments such as unsecured
personal loans, two-wheelers loans, used commercial vehicle
loans, loan against property and light commercial vehicle
loans. The loss of income for light commercial vehicle players
due to business disruption would be much higher since this
segment is the most vulnerable and depends on the local
DSIJ.in
market economic activity to get freight. Moreover, this set of
customers does not carry the required liquidity cushion to tide
over a prolonged crisis situation.
n Housing
There is likely to be a more immediate impact on small-ticket
affordable housing due to job losses and reverse migration of
labourers to their native places. Loan growth could potentially
fall for affordable housing financers in FY21, as the borrowers
would delay their purchasing decision amid economic
challenges. Buyers in the large-ticket housing segment would
delay their purchase decisions. In particular, the self-employed
segment is likely to face greater headwinds. However, salaried
customers with a stable income profile could pose a lesser risk.
n Wholesale NBFCs
Wholesale NBFCs are those engaged with corporate and real
estate lending. These companies would face severe stress as well.
NBFCs focusing only on real estate, for example, would be
under severe pressure on the asset side in matching their
inflows with periodic debt repayments. The borrowers would
delay home purchases and the lack of progress of construction
work by a quarter would squeeze the developers’ cash flow. The
situation can worsen with a large proportion of book moving
out of the moratorium for many lenders.
n Small Finance Banks (SFBs) and
Microfinance NBFCs
Although the moratorium will help the weakest set of
customers in the NBFC spectrum to deal with the crisis, the
income disruption could be higher for them. Microfinance
institutions have learned from the demonetisation impact and
built in substantial balance-sheet liquidity and sought un-
availed bank lines sufficient for four to six months without
causing significant dependence on repayments. While SFBs are
better placed with the Reserve Bank of India being the lender of
the last resort in addition to the lending support from policy
institutions, asset-liability management challenges could crop
up if there is substantial deposit withdrawal or non-renewal of
deposits.
n Insurance
For general insurance companies, there is likely to be pressure
on renewals along with fresh business in own automotive
damage and third party products owing to the slowdown in
automobile sales and disruption in the automotive industry
lifecycle. Meanwhile, on the health insurance side, there could
be some improvement in loss ratios with people delaying their
discretionary medical checks in the near to medium term. In
the long run, however, there is bound to be an increase in
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 23
Special Report
Abhijit Ghosh
Whole Time Director and CEO of U GRO Capital
What is your outlook on the NBFC sector? By when do you see
the sector getting back into a growth trajectory?
The NBFC sector has been under some stress for a while now,
triggered by the IL&FS default. The continued troubles at firms
such as DHFL, Altico and Reliance Capital have exacerbated the
concerns of external parties, particularly lenders. The onset of
the corona virus pandemic has only compounded such extant
issues. This highlights the fact that the key to success in lending
in this new age is a liability-centric asset strategy backed by the
strongest corporate governance standards. Those NBFCs which
focus on these aspects will be the best placed to come out of the
crisis stronger.
Back in 2019, the government initiated a number of measures to
ease the liquidity crisis and revive the NBFC sector, recognising
the role of NBFCs in capital formation in the MSME sector.
However, the government’s monetary policy efforts have had
limited efficacy to date given banks’ reluctance to lend to smaller
NBFCs, which are the ones that actually cater to the bottom of the
pyramid SMEs. The pandemic has exacerbated ALM and liquidity
troubles at smaller NBFCs, and the sector will likely witness
significant consolidation, with liquidity-constrained NBFCs being
prime acquisition targets for their better capitalised peers.
Given the prevailing scenario, NBFCs are expected to reduce
disbursements considerably in the first half of FY2021 with an aim
to maintain liquidity. Asset quality and collections are likely to be
affected as well. To address the liquidity stress, more NBFCs
should explore the originate-to-sell model and move beyond the
borrow-and-lend model. Well-run firms will utilise the current
opportunities to increase their profile and set the foundations for
future growth.
What is your outlook on the MSME sector? How important is
the MSME sector to Indian GDP? Has the government provided
enough support to MSMEs?
The MSME sector had already been facing severe challenges due to
prolonged economic slowdown. The pandemic has made the
situation worse for the sector, which is regarded as a mainstay of
the economy. Economic disruptions due to the nationwide
lockdown have resulted in interruption in the cash flow cycle of
most of the MSMEs, leading to immense working capital stress.
Business losses have made a lot of MSMEs unsustainable.
A sizeable number of MSMEs are likely to close down due to
working capital crunch and unavailability of required manpower
on account of the exodus of migrant workers from various cities
and manufacturing hubs. The detrimental effects of the lockdown
on MSMEs is particularly concerning given that 111 million
people were employed by MSMEs, as of 2019. Without adequate
support at this critical juncture, the level of damage to the sector
and indeed the Indian economy as a whole can be irreparable in
24 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
the short term.
The contribution of MSMEs to the country’s GDP is quite
significant. The sector contributes approximately 25 per cent to the
GDP from the service segment and more than 33 per cent to the
manufacturing output. Thus, the sector requires support from the
government to retain and exceed that level of GDP contribution.
Prior to the virus crisis, the government had projected MSMEs
making up 50 per cent of Indian GDP by 2024 – a figure that will
be difficult to achieve given the pandemic setback.
The recently announced 3.75 lakh crore package for the MSME
has tried to address the liquidity stress of the sector.
Announcements such as 3 lakh crore collateral free automatic
loans, `20,000 crore subordinate debt for stressed MSMEs,
`50,000 crore of equity infusion for MSMEs through a fund of
funds, etc. will help the sector to get back on its feet. The
government needs to ensure the transmission of those benefits to
the affected segments – and for the MSME space this can most
efficiently be facilitated by NBFCs with digital underwriting.
Could you elaborate on impact financing in India?
Impact financing in India is evolving as a concept in India. As
impact financing aims to generate positive, quantifiable social and
environmental impact apart from financial returns for the
investors or lenders, it is gradually finding resonance in the SME
lending ecosystem of the country. Development finance
institutions tend to be the organisations driving impact financing
globally, and they have in recent times placed great emphasis on
demonstrable impact created – particularly as it pertains to each
DFI’s core sustainable development goals (SDGs).
SME lending is priority sector lending due to the huge amount
of employment created by SMEs (111 million as of 2019), while
also providing one of the best organic routes for
underprivileged individuals to beat the so-called ‘poverty trap’
and establish their financial independence. We have recently
collaborated with Global Value Partners (GVCP), an emerging
market advisory firm, to solve the small business credit problem
with impact financing. We have from inception been very
cognizant of the social responsibility that a lending firm holds,
and we have already financed a large range of schools and
hospitals across the country.
Additionally, we have launched ‘Narayani’, a loan program from
women entrepreneurs to assist them in their growth journeys.
Only about 20 per cent of MSMEs in India are owned by women,
and that figure drops to 5 per cent when considering small and
medium businesses only. Unlocking the potential of half of the
nation’s population is critical to the overall growth of the Indian
economy, and we are highly committed to this as an organisation.
DS
DSIJ.in
awareness of having health covers which will thereby benefit
the health insurance industry. The volatility in equity markets
would marginally impact the investment book of general
insurance companies; however, declining interest rates could
affect their investment income, leading to a fall in profitability
in the medium term.
Impact of Stimulus Packages
The package announced by the centre includes multiple
measures aimed at providing relief to NBFCs and MSMEs,
which are the target borrower segments. According to credit
rating agency India Ratings, the `30,000 crore special liquidity
scheme which is free of guarantee can incentivise banks to
take exposure in the lower-rated investment-grade NBFCs.
These banks would be able to have slightly better pricing on
these loans being backed by a government guarantee. However,
the lower-rated NBFCs are not active in the bond market and
hence investments through NCDs could create challenges.
The `50,000 crore equity infusion in MSMEs through the fund
of funds route is aimed at increasing the capacity of viable
MSMEs. However, this is route of assisting MSMEs may be
time-consuming as it could involve a valuation exercise. Given
the urgent need of funds for the sector, the modalities of equity
infusion can be time-consuming. The `45,000 crore partial
credit guarantee scheme with 20 per cent first loss protection
from the government is aimed at providing some incentive to
DSIJ.in
lenders. This is similar to the earlier scheme but unlike the
earlier which was meant only for direct assignment
transactions, this scheme covers even primary borrowings by
NBFCs such as bonds and commercial papers.
Small NBFCs should thus be provided with a liquidity window
through this scene provided lenders have the risk appetite to
fund these entities after getting 20 per cent loss cushion. While
the 20 per cent first loss protection in assignment or
securitisation can be a strong incentive if put into operation
suitably, investments by lenders in primary papers based on the
20 per cent guarantee would ultimately be based on loss
estimation by lenders, and hence this will lead to the funds
largely flowing to higher-rated entities.
Finally, the government has also announced collateral-free
loans worth `3 trillion for MSMEs and will provide 100 per
cent guaranteed cover on them. This additional funding should
take care of the liquidity requirements of these entities for
some time and to that extent could prevent them from being
classified as NPAs. These schemes introduced are well thought
out; however, the major factor that will decide their
effectiveness will rest on how well the government can iron out
operational challenges to implement them. That said,
ultimately, the main problem facing NBFCs is demand
compression and until that gets resolved, providing loans
can only lever the balance-sheet but is not a sustainable
solution. DS
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 25
Interview
Considering the current crisis, how do you see the
demand for new loans and by when do you see the
situation normalizing and coming to the pre-
pandemic levels?
New credit demand is coming mostly from the rural market
and we feel that it will continue to remain strong from this
segment. However, urban demand for loans will take time. We
expect the demand for urban loans to come post-September
only. So to answer your question, I think by September we will
see the situation getting back to normal.
Do you think funding will be a challenge for NBFCs
going ahead?
In my opinion, the moment the moratorium ends, the funding
will become smooth. Since the moratorium is there, there will
be some delay in disbursement because banks would like to
wait until the moratorium period before they start lending. So I
think post-moratorium – maybe by September – banks should
start lending.
How about the stimulus packages with a focus on
NBFCs? What is your view on the package and will it
boost growth for NBFCs?
The intent of the schemes is very good. There are three
schemes: one is the emergency credit line, then there is a partial
guarantee and finally MSME funding. All these three schemes
26 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
❝Next Year, The
Growth Rate Will
Become Much
Better❞
Accepting that the growth for this year
will be flat, Umesh Govind Revankar,
Managing Director and CEO, Shriram
Transport Finance, believes that the
curve should gradually inch upwards
are well-intended but in terms of execution there are some
challenges which have taken some time. Now we are seeing
some momentum. I think post-June we will see good inflow
from this package.
What’s your outlook on the NBFC sector in the long
run, as for example, a three-year perspective?
I think the next six months or till this financial year ends,
everyone will be carrying excess cash on their balance-sheets
and so the growth rate will be lower. But next year, I think the
growth rate will become much better. Therefore, I expect
double-digit credit growth in the next financial year.
How will you quantify the damage caused by the
current crisis?
Quantifying the entire economy is going to be a challenge, but
if you just look at the day-to-day life and the consumption
pattern, I believe there will be some excess consumption in the
rural market while the urban market consumption may come
down to some extent. Thus, the consumption over the previous
year may be flat and may not be growing because in India we
have seen a growth rate of 7-10 per cent in consumption in
FMCG and day-to-day essentials. So yes, in this year the
growth will be flat. However, if the infrastructure spending
from the government starts immediately post-September, then
I feel there will be higher economic activity in the second half
of the year. DS
DSIJ.in
Communication Feature
Alankit And IDP Launch
Innovative Identity
Solutions
Contactless, smart and seamless cards solution
provider, Alankit has launched two new
products – SOLID-510 and ID software ALSSEC-ID
B
SE and NSE-listed Alankit,
a market leader in the
financial and digital
solutions industry with
strong presence in
business segments like
e-governance, financial services,
healthcare and insurance broking,
announced a partnership with IDP, an
industry leader in innovative identifica-
tion card printer technology. Alankit is
launching an innovative smart card
printing solutions’ range (SOLID series
– first in India) for secure, smart and
seamless access through ID cards such
as PAN, Aadhaar, corporate ID cards,
student ID cards, etc. IDP is dedicated to
improving the photo identification
market by developing card printers,
encoders and software with diverse and
innovative uses of technology.
According to AnkitAgarwal, Managing
Director, Alankit Ltd., “In such challeng-
ing times we need a secure card printing
solution partner who can stand with us
as we liaise with different government
divisions. We are thrilled to announce
our partnership with IDP who will be
with us for providing the best and
efficient printing solutions. We pride
ourselves on consistently delivering
services based on a robust countrywide
network. It is critically important that we
should step a foot ahead in every aspect
of the business of digital solutions to
ensure we retain a competitive edge in
DSIJ.in
Ankit Agarwal, MD, Alankit Ltd.
our industry.”
Looking at these new developments, the
turnover and profitability of the
company is expected to increase
substantially. Alankit has printed over 90
million different types of ID cards under
e-governance partnership. It has a chain
of TIN facilitation and PAN centres
across India to provide hassle-free
printing of online PAN cards as well.
Commenting on this strategic partner-
ship, Brian Roh, CEO, IDP, said, “It will
be the perfect partnership with Alankit
as they are already one of the established
leaders in citizen services and now we
can combine their expertise to address
business challenges and introduce new
solutions in e-governance and the
financial ecosystem with innovations in
the identity and access management
domain. We are glad to be part of
Alankit to provide them end-to-end
and high-quality services for their
clientele.”
Vishal Soni, CRO, Alankit Ltd., added,
“In today’s challenging market scenario,
we feel more responsible to bring in new
and market-relevant solutions to serve
our millions of customers and over
8,300+ partners across the country and
abroad. We are assured that our
relationship with IDP for their card
printing hardware and software
solutions would help us constantly
elevate the satisfaction level with our
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL
current and new client base and further
accelerate new revenue streams for our
partners, which is the need of the hour.
We believe IDP’s features like fine image
technology, WiFi, Linux support, quick
laminator extension, smaller yield
budget-friendly ribbons clubbed with
Alankit’s own ALSSEC-ID software to be
used for various e-governance card
applications would be a wise choice for
our customers, for their perpetual
success.”
Alankit has been a trusted name in the
market for almost last two decades and
has got a huge clientele base. The
company believes in providing high-
quality products and services to its
customers. It has a trained professional
support system in order to ensure timely
completion of orders. With focus on
customer-centric operations coupled
with digital transformation initiatives,
Alankit has been catering to a wide
range of audience including corporate
entities, schools, individual investors as
well as the general public through its
wide network of business, locations and
branches across the country. The new
products of Alankit, namely, SOLID-510
and ALSSEC-ID will provide contactless
card solution for a smart, secure and
seamless access to the premises post the
lockdown. This combination will also
support UTI, NSDL and Income Tax
portals. Alankit is a conglomerate
comprising 13 group companies.
27
Cover Story

Opportunity In
The Making!
‘Atmanirbhar Bharat’

28 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 With heightened nationalism
being the current global
trend in which every nation
is attempting to safeguard
its national interest, the
‘Atmanirbhar Bharat’
initiative by the Indian
government sounds like a
perfect solution, at least
superficially, to become
self-reliant in an extremely
uncertain global economic
environment. But what does
it mean to equity investors
who are bullish on the India
story? Yogesh Supekar and
Karan Bhojwani draw
attention to the sectors
which stand to benefit from
this initiative while also
focusing on sectors that will
gain from the increasing
angst against Chinese
products
DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 29
Cover Story
W
hen the first trickle of news of
China’s incursion in Ladakh
filtered in, a majority of Indians
believed that it was not such a
serious issue, assuming that as
in the case of Dokhlam, the
contentious face-off would be
resolved amicably. But when
the border tensions between India and China flared up, leaving
at least 20 Indian soldiers dead, India was angered and maybe
for the first time after many years resolved to boycott Chinese
products. Whether it is possible to completely boycott these
products or not is a different story altogether – the intention is
to minimise dependency on China, it now being a matter of
pride and honour.
There is no question that boycotting goods imported from
China won’t be easy as both the economies are deeply
intertwined. China is India’s biggest trading partner after the
US apart from being the second-largest economy in the world
with a GDP of about USD 13.6 trillion. China supplies
industrial components and raw materials across various sectors
in India and has lately been investing in India’s start-ups and
technology firms. It is estimated that Chinese technology
investors have parked an estimated USD 4 billion into Indian
start-ups and as of March 2020, 10 out of India’s 30 unicorns are
Chinese-funded.
Big Basket, BYJU’s, Delhivery, Dream 11, Flipkart, Hike, Make
My Trip, OLA, Paytm Mall, Paytm, Policy Bazaar, Quikr,
Rivigo, Snapdeal, Swiggy, Udaan and Zomato are some of the
Indian start-ups that have Chinese investors. It is ascertained by
Invest India that there are roughly 800 Chinese companies
operational in India out of which approximately 75 have
30 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
manufacturing facilities for smart phones, consumer
appliances, construction equipment, automobiles, chemicals,
power gear and optical fibre.
Some of the biggest Chinese brands manufacturers in India are
Fosun International, Oppo, Vivo, Haier, SAIC and Midea while
Dr. Reddy’s Laboratories Ltd, Jindal Steel & Power Ltd., BEML
Ltd., Adani Global Ltd., Aurobindo Pharmaceuticals Ltd.,
BHEL and Godrej & Boyce Manufacturing Co. are some of the
prominent Indian companies with presence in China. No doubt
that there is a large presence of Indian companies in China and
Chinese companies in India. The billion dollar question is how
these companies will emerge out of this tricky situation on both
sides.
Indo-China Trade and Dependence
India runs a huge trade deficit with China. The deficit has
increased considerably over the years. China accounted for over
5 per cent of India’s total exports in FY 2019-20 and more than
14 per cent of imports. China is India’s biggest exporter. China
sells smart phones, electrical appliances, power plant inputs,
automotive components, capital goods like power plants,
telecom equipment, metro rail coaches, iron and steel products,
chemicals and plastics, engineering goods, pharmaceutical
ingredients, fertilisers, etc. in India. With a goal to minimise
dependence on China, India has several options. It is argued by
Acuité Ratings that there are almost 40 sub-sectors where
dependence on China can be minimised.
These are sectors such as chemicals, automotive components,
agro-based items, drug formulations, cosmetics, consumer
electronics, bicycles parts, drug formulations, handicrafts and
leather-based goods which collectively contribute almost USD
DSIJ.in

33.6 billion worth of imports, which experts believe have
significant scope for import substitutions. It is conceivable that
without significant additional investments, the domestic
manufacturing sector can substitute 25 per cent of the total
imports from these specified sectors which may enable India to
reduce USD 8.4 billion worth of trade deficit in a single year
itself.
Suman Chowdhury, Chief Analytical Officer, Acuité Ratings
and Research, says, “With imports of USD 65.1 billion and
exports of USD 16.6 billion, India recorded a trade deficit of
USD 48.5 billion with China in FY20. While the imports from
China have moderately declined by 15 per cent since FY18 due
to imposition of anti-dumping duties on some products, the
dependence of the domestic economy on Chinese imports
remain high with direct contribution to over 30 per cent of
India’s aggregate trade deficit. Over the past three decades,
India’s exports to China grew at a CAGR of 30 per cent but its
imports expanded at 47 per cent, leading to lower capacity
utilisation of domestic players in a few sectors. We can consider
certain measures to reduce the dependence gradually which
will also have a positive impact on the Indian economy.”
DSIJ.in
As the situation is fluid and dynamic between India and China,
it is difficult to estimate exactly which stocks or sectors will be
impacted positively or negatively as India decides to give a
befitting reply to China. It is argued that India can do more
damage to China economically than militarily. Telecom players
such as Vodafone and Bharti Airtel’s fortunes may fluctuate as
there is a possibility of higher tariffs and import curbs on
telecom network equipment providers. In the chemical space
there are several companies such as Rallis India, Dhanuka
Agritech Limited and Insecticides India which are dependent
on China for raw materials and hence any imposition of higher
tariffs may adversely impact the companies.
Those companies in the chemical sector with lower exposure to
China such as Bayer India may be less impacted. India is the
world’s sixth-largest chemical manufacturer and its chemical
and polymer imports are close to over USD 12 billion. It is no
secret that Chinese smart phones are very popular in India.
Xiomi, Vivo and Oppo are the biggest Chinese brands in this
category with an estimated 72 per cent share put together.
India’s pharmaceutical industry is one of the biggest in the
world. It is third-largest in the world by volume and is ranked
14th by value. India exported medicines worth over USD 14
billion to the US in 2018-19; however, India imports two-thirds
of its active pharmaceutical ingredients (key ingredients of
drugs) from China.
Matter of Scale
India is the seventh-largest export market for China even as
India’s imports from China jumped 45 times since the year
2000 to reach over USD 70 billion in 2018-19. Clearly enough,
India is losing out to China on the trade front. This can be
expected to change in the coming years if India as a team,
including both government and private sector, gets its act
together. India has the capability to achieve manufacturing
excellence and help support the initiative of Aatmanirbhar
Bharat.
However, India hasn’t achieved the required scale yet, which is
the biggest advantage China has not only over India but over a
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 31
Cover Story
Dr. Vikas V Gupta
CEO and Chief Investment Strategist
OmniScience Capital
Being Proactive is the Need of the Hour
S
everal Indian sectors could benefit from the ‘Make in
India’ initiative and in the post-pandemic scenario,
India’s Atmanirbhar Bharat initiative and the
international initiative to restructure global supply
chains will help reduce dependency on China. Given
the democratic political system, capitalistic economy, well-
defined legal system, a large unskilled and skilled labour force,
and a large base of trained and experienced engineering and
management professionals, India is a potential candidate for
the shift away from China. So far, there have been challenges
which have prevented this shift from happening.
However, with the government proactively attempting to
reduce the barriers, it should be possible to make India an
attractive destination for at least certain sectors in the
mid-to-long term. While there are several industries which
could benefit from such initiatives – the obvious ones being
pharmaceuticals and specialty chemicals – we will focus on
the not-so-obvious industries gaining from second-order
effects which we think can benefit in the long-run and which
are also available at a significant discount to intrinsic value.
Power : There is a direct import substitution benefit for
power equipment manufacturers. This will benefit large
equipment manufacturers as well as mid-sized and small,
specialised electrical equipment manufacturers. A second
order impact of manufacturing shifting to India in the
mid-term would be that the demand for power in India is
likely to go up at a much faster pace. Currently, power
consumption in India is 1,200 kWh per capita as compared to
5,200 kWh per capita for China or 12,000 kWh per capita for
the US.
majority of its trading partners. If anything, we just have to
study Chinese manufacturing capabilities and scale to
understand how to become ‘aatmanirbhar’. China is indeed
independent when it comes to manufacturing. The complete
value chain is integrated for most industries in China, which is
not the case in India.
The dependency is high on China at this moment. However,
strategic intent and support to the manufacturing sector will be
the triggers going forward. It is a no brainer that creating
industrial supply chain requires time. If at all India needs to
compete with China it will have to close in on the competitive
advantage gap that China enjoys. China functions with several
advantages such as lower cost of capital, lower cost of utilities,
32 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
This is likely to kick off the next round of capital investments
in the power sector. The direct beneficiaries of this would be
the near-monopolistic power sector finance companies. These
companies will also benefit from the`25 lakh crore
investments in the national infrastructure pipeline allocation
to the power sector. Interestingly, these are available at
extremely attractive valuations.
Railways : We believe that railway-focused EPC and
consulting companies would benefit significantly with the
Indian Railways preferring Indian firms for their contracts.
High-speed railway and semi-high-speed railway projects will
now have more indigenous firms.
Defence : Atmanirbhar Bharat is likely to boost the SOM
(serviceable obtainable market) for domestic defence
companies because of provisions for ban on import on certain
weapons or platforms, specific plan for indigenization of
imported spares and specific domestic procurement budget.
Additionally, the China-India border situation could boost the
defence budget in the future.
Minerals and Mining : As manufacturing shifts to India,
the demand for steel is likely to increase. This will benefit iron
and manganese ore producers.
Financial Services : As the capital investments for
domestic manufacturing increase, capital markets will be
utilised for raising funds via both equity and debt routes. This
could benefit companies in the capital market ecosystem, i.e.
stock exchanges, depositories, rating agencies, merchant
bankers, among others.
indirect subsidies and active government support to select
industries. India lacks such formidable competitive advantages.
China has been investing in building infrastructure and this has
helped it ensure optimal movement of goods globally. This has
been the success mantra for China for many years now. India
has yet to prioritise on infrastructure the way China does.
While India is still struggling to understand exactly how to
interpret Aatmanirbhar Bharat, China continues to leverage its
manufacturing capabilities and financial muscle to dominate
global trade. In the long run it will help India immensely if we
interpret this mission of self-dependency as a country
producing high-quality goods consumed by Indians and global
consumers.
DSIJ.in
At least a major chunk of the value-addition should happen in
India. Eventually India will achieve the scale it desires. The
capability and technology is already there to support the lofty
ambitions of the aspiring nation. Practically speaking, the most
important question India has to ask itself is whether it wants to
completely replace global inputs at the cost of economic
advantage of scale. Also, it must not be forgotten that businesses
are run to maximise shareholder value or returns. The
dependency on China will happen automatically and rapidly
when there will be an economic logic associated with it.
Indo -China clash: Immediate impact on
businesses
In what can be termed as the first real step taken by India
against Chinese businesses, Indian government decided to ban
at least 59 of largest China’s app citing national security
concerns. This step is considered bold as the banning of apps
threaten China’s rise as a Global tech power. This move by India
may provide direction to the rest of the world on how to hit
China where it matters the most. Chinese tech companies are
poised to gain dominant position in emerging industries like
artificial intelligence. India’s banning the app might force the
world to rethink on how much access and user data should be
given to the Chinese companies. This way the world could be
stopped from potentially giving an economic leverage to China
in future disputes. ByteDance’s TokTok app is one of the most
popular apps in India with one in every six people in India
already using the app. India is the biggest market for ByteDance
with more than 200 million users. The ban will hit ByteDance
the hardest as it is believed that a brief ban last year caused the
Chinese company an estimated loss in revenue of about half a
million dollars per day. China has expressed its concerns over
India’s aggressive move.
n India imports almost 70% of its bulk drugs and
intermediates -- the chemicals that make a finished
drug work -- from China
n It buys 37% of electronic components, 45% of
consumer electronics, and 44% of air conditioner and
refrigerator parts from China
n India has its largest trade deficit with China; imported
about $69 billion worth of goods last year from China
and exported $18 billion, according to data compiled
by Bloomberg
But the hostile intentions and actions are impacting the Indian
companies as well. There are casualties seen on both sides of the
nation as the standoff takes place between the two Asian giants.
DSIJ.in
It is reported that the imports from China have been piling up
at Indian ports pending for government clearances. This is not
good news for those Indian businesses who have ordered raw
materials and goods before the tensions soared at the border.
The consignments are being delayed and there is no explanation
given by the port authorities for the delay.
This has created some anxiety amongst Indian businesses as the
clarity is not there as to when will the consignments be realized.
The consignments, it is believed has been stuck at ports for over
one week now and has negatively impacted the supply chain of
various companies leading to losses. The congestion at ports
will definitely impact manufacturing companies negatively
even as the manufacturing companies continue to mount losses
since the lock-down.
Conclusion
The Government of India will have to incentivise industry to
not import from China and maybe open trade relations with
other countries, dolling out trade benefits in order to make it
strategically feasible for the industry to shift sourcing from
China. The Indian industry has the potential to safeguard its
interest and reduce dependency on China but it may take time
and can happen only in a phased manner. The biggest positive
outcome of becoming self-dependent can be of ‘bringing back
the animal spirit’ in the Indian economy that has been missing
since demonetisation. The revival in private investments may
be the most desirable outcome of this mission of Aatmanirbhar
Bharat.
The virus-driven crisis was enough for equity investors to
remain cautious. Now, the Indo- China border tension has
added more concerns for equity investors. Investors want to
know if this market will continue to act as if in an early bull
phase where broader markets perform, cyclical stocks show
leadership and the economic struggle is not fully reflected in
stock prices. If it is a liquidity-driven rally, is there enough
liquidity to support the strong rally witnessed so far? In the
short term, investors are searching answers to these difficult
questions even as the signs of correction are ominous in the
market while there is no visibility of the markets touching the
lows in March 2020.
People always underestimate the ability of people to adapt and
therefore underestimate potential recovery or a V-shaped
recovery whenever there is a crisis. The stock market is
betting on a slow V-shaped recovery as is reflected in stock
prices. As there is enough liquidity, it is always possible that
more money is available to potentially chase fewer goods, thus
leading to increase in prices. If that is clubbed with boycotting
Chinese products, we may face higher product prices for a
majority of items, leading to higher inflation. Investors may
focus on those stocks and sectors that will benefit from higher
inflation. DS
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 33
Databank Updated Information
Updated as on June 26, 2020

Key To
Subscribers can access the complete databank consisting of
Databank Updated Information
more than 3500 companies on our website www.DSIJ.in
NoShold: Indicates the Number of Share Holders of the company. (In Thousands)
 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 Market Cap: Current market price multiply no.of equity shares. 
March’2011 results. Price: Current Market Price. 
 CEqt.: Current paid up capital of the company. 52 Week H/L: High/Low range is taken for the market prices during the 52 week H/L.

 B.V: Book Value Per Share: Equity capital plus reserves to the number of equity shares. Enterprise Value : Current Market Cap Plus Debt Minus Cash and Bank Balances. 
 Sales: Sales figures includes Excise duty. Trail.P/E Ratio: Current market price to Trailing 12 months EPS. 
 NP: Net Profit : Profit after tax but before investment allowance reserves. Ticker: BSE Scrip Code 
 EPS: Earnings Per Share: Ratio of net profit less preference dividend to the number of equity U: Unaudited. 
shares (Annualised). Companies with an (“) following their equity capital have increased their capital after the

 Div (Rs.): Indicates the dividend per share. last financial year.
 D/E Ratio : A measure of a company’s financial leverage calculated by dividing its total  Companies with an (*) Before the name of the Company, indicates new addition/
Debt by stockholders’ equity. updation/correction made during the fortnight.
 RONW (%): Net Profit Divided by Total NetWorth.  CB: Cum-Bonus XB: Ex-Bonus.
 Latest Quarter: Indicates the recent quarterly filing of the company with the stock  EX: Ex-Rights wherever the price is indicated a Ex-bonus or Ex-rights, the
exchange. corresponding figures for equity. Reserves, Book value and EPS are adjusted
 YearToDate : Latest Results (qtr,half or Nine) of the company. as per the bonus or the Rights ratio.
 Sales Growth % : Indicates the % growth of sales on year-on-year basis. 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
 NP Growth % : Indicates the % growth of Net profit (NP) on year-on-yearbasis. true performance of the current year. Thus our figures may not be comparable with those
 Promoter Holding: Indicates the % of equity holding with the promoters of the company. published elsewhere unless they represent the same thing. (B) Source of information is
 Promoters pledged shares % :Indicates the % of shares Pledged by promoters. Company press releases and Annual Reports.
Institutional Holding: Indicates the % of equity holdings in the company held by Financial
Institutions, Banks,Insurance companies,MF’s and FIIs. Data powered by: Dion Global Solutions Ltd.,
Bangalore. Tel:080 - 40467500. For more details visit www.dionglobal.com

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)

Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP

1 AGRO - OTHERS
IND.COMPOSITE 50 482 12 23
Mishtann Foods L 1 1903 50.0 1 482 11.8 0.2 0.00 0.5 17.1 1912 112.7 2.9 1912N 354.3 -1 9.0 4 49.28 0 0.00 1.8 704 14.08 44/5 740 -
2 AIRLINES
IND.COMPOSITE 1098 68156 -1332 8
InterGlobe Aviation 10 2003 384.8 152 35756 -248.2 -6.4 - 0.3 - 2003 8299.1 -873.5 - - 33 - - 74.85 0 22.75 61.6 39597 1029.05 1911/765 33191 -
Jet Airways 10 1803 113.6 -638 23287 -767.6 -67.6 - -0.7 - 1812 6148.0 -587.8 1812N 18319.6 6 -3208.2 -1295 24.98 21 29.38 150.6 314 27.60 78/13 4248 -
Spicejet Ltd. 10 1903 600.1 -6 9113 -316.1 -5.3 - -2.8 - 1912 3647.1 73.2 1912N 9494.8 44 -127.7 66 59.92 44 12.35 188.8 3066 51.10 153/31 3963 -
3 ALUMINIUM
IND.COMPOSITE 1157 48714 758 51
*Hindalco Indus. 1 2003 224.6* 203 40242 620.0 2.8 1.00 0.4 1.4 2003 9992.0 326.0 - - -9 - - 34.65 0 44.95 332.0 33919 151.00 221/85 51868 54.7
*National Alumini 5 2003 932.8 54 8472 138.2 0.7 - 0.0 1.4 2003 1935.9 102.8 - - -25 - - 51.49 0 25.49 241.5 6250 33.50 52/24 2820 -
4 AQUACULTURE
IND.COMPOSITE 58 4270 251 25
Avanti Feeds Lim 1 1903 13.6 78 2738 223.5 16.4 4.00 0.0 21.0 1912 657.7 31.4 1912N 2397.8 15 216.7 29 43.68 0 20.04 93.4 6424 471.50 770/250 6283 23.6
KSE 10 1903 3.2 406 1209 9.4 29.5 15.00 0.3 7.3 1912 354.8 8.9 1912N 1050.1 16 0.3 -98 100.00 0 0.00 6.1 421 1317.00 1830/870 436 -
Waterbase Ltd. 10 U2003 41.4 46 322 18.5 4.5 - 0.1 9.7 2003 47.4 -2.5 - - -13 - - 67.12 0 0.05 43.8 430 103.90 165/65 442 23.2
5 AUTO - 2 & 3 WHEELERS
IND.COMPOSITE 399 75860 9559 16
Atul Auto Ltd 5 1903 11.0 118 667 53.1 24.2 4.00 0.0 20.5 1912 192.8 19.7 1912N 512.8 3 48.6 18 52.69 0 18.40 21.3 377 171.65 299/117 360 6.2
Bajaj Auto Ltd. 10 2003 289.4 689 29919 5100.0 176.2 120.00 0.0 25.6 2003 6815.9 1310.3 - - 1 - - 53.65 0 22.69 125.3 83025 2869.20 3315/1793 82102 16.3
*Hero MotoCorp 2 2003 39.9* 708 28836 3633.3 181.9 90.00 0.0 25.7 2003 6238.4 620.7 - - -12 - - 34.62 0 54.15 172.8 50745 2540.55 3021/1475 50609 14.0
Maha. Scooters 10 2003 11.4 7184 15 179.9 157.4 50.00 0.0 2.2 2003 6.3 107.1 - - -19 - - 50.99 0 8.10 13.7 2980 2607.65 4948/1815 2974 16.6
TVS Motor Co. Ltd. 1 2003 47.5 76 16423 592.3 12.5 3.50 0.4 16.4 2003 3481.4 73.9 - - -6 - - 57.39 0 32.56 131.9 18132 381.65 503/240 19466 30.6
6 AUTO - ANCILLARIES
IND.COMPOSITE 1353 89350 5844 25
Amara Raja Batt. 1 2003 17.1 214 6839 660.8 38.7 11.00 0.0 18.1 2003 1581.4 136.7 - - 1 - - 28.06 6 32.04 73.7 11064 647.70 814/350 11039 16.7
Automotive Axles 10 2003 15.1 352 952 41.1 27.2 6.80 0.1 7.7 2003 168.8 5.8 - - -46 - - 71.03 0 14.69 18.0 895 592.30 1115/336 921 21.8
*Banco Products 2 2003 14.3 75 598 69.5 9.7 20.00 0.0 13.0 2003 135.7 11.1 - - -15 - - 67.88 0 3.47 26.8 551 77.10 125/55 435 7.9
Bosch Ltd. 10 2003 29.5 3143 9842 649.8 220.3 105.00 0.0 7.0 2003 2236.9 81.1 - - -20 - - 70.54 0 20.62 73.8 33098 11222.10 17137/7874 31845 50.9
*Endurance Technologi 10 2003 140.7 165 4939 427.7 30.4 5.50 0.1 18.5 2003 1124.4 71.9 - - -6 - - 75.00 0 23.69 33.9 12589 895.00 1202/562 12774 29.4
Enkei Wheels (India) 5 1903 8.5 76 474 12.7 7.5 - 0.2 9.8 2003 67.2 -13.2 - - -27 - - 73.64 0 0.87 4.1 344 201.20 408/148 343 -
Exide Inds. 1 2003 85.0 74 9857 825.5 9.7 4.10 0.0 13.1 2003 2055.1 168.0 - - -2 - - 45.99 0 32.88 192.9 12657 148.90 210/122 12583 15.3
Federal-Mogul Goetze 10 1903 55.6 132 1319 82.5 14.8 - 0.1 11.3 1912 274.6 6.5 1912N 836.1 -16 27.9 -57 0.00 0 0.12 14.3 2259 406.00 665/239 2316 49.5
FIEM Industries 10 1903 13.2 362 1444 55.5 42.2 12.00 0.3 11.6 1912 324.4 26.0 1912N 1055.3 -3 55.9 40 66.55 0 11.77 15.4 499 379.15 515/230 629 7.0
Gabriel India 1 2003 14.4 45 1870 84.7 5.9 1.30 0.0 13.0 2003 424.6 26.6 - - -8 - - 52.74 0 16.10 59.1 1318 91.75 140/40 1276 15.6
GNA Axles 10 2003 21.5 208 909 52.8 24.6 - 0.4 11.8 2003 180.7 4.6 - - 6 - - 67.40 17 14.80 21.3 422 196.65 325/132 574 8.0
HBL Power Systems Lt 1 1903 27.7 28 1257 25.1 0.9 0.30 0.3 3.2 1912 258.1 4.4 1912N 819.9 -13 15.8 -12 57.84 0 22.33 44.5 458 16.53 24/9 642 -
India Nippon Ele 5 1903 11.3 177 525 59.5 26.3 7.00 0.0 14.8 1912 116.3 8.8 1912N 366.6 -6 43.7 4 66.38 0 3.36 13.7 645 285.30 472/163 639 10.5
IST Ltd. 5 1903 5.8 158 22 7.6 6.5 - 0.0 4.1 1912 4.0 1.7 1912N 12.5 -32 5.7 -17 59.99 0 0.00 6.8 308 263.95 431/201 307 47.7

34 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*Jamna Auto Inds. 1 2003 39.8 13 1059 47.9 1.2 0.14 0.0 9.2 2003 210.6 11.0 - - -46 - - 48.91 2 13.04 107.7 1361 34.15 54/21 1338 28.4
Jay Bharat Marut 5 1903 10.8 187 1994 52.2 24.1 2.50 0.9 12.9 1912 402.7 6.7 1912N 1256.6 -17 17.9 -56 59.34 0 2.15 16.4 447 206.55 271/91 794 15.4
JBM Auto 5 1903 23.6 55 994 48.9 10.3 2.25 1.4 18.7 1912 241.7 12.3 1912N 683.1 -3 30.2 -13 67.45 0 0.90 17.6 1060 224.10 296/98 1414 23.9
JMT Auto Ltd. 1 1903 50.4 3 360 -2.5 -0.0 - 0.7 - 1912 35.2 -14.1 1912N 144.1 -51 -30.3 -1215 66.77 100 12.23 24.2 301 5.97 6/1 417 -
*JTEKT India 1 2003 24.4 23 1531 27.5 1.1 0.35 0.2 4.8 2003 370.7 7.0 - - 22 - - 74.99 0 6.13 31.1 1656 67.75 99/35 1679 60.2
LG Balakrishnan&Bros 10 2003 31.4 217 1444 101.8 32.4 5.00 0.3 15.0 2003 334.9 17.7 - - -8 - - 47.37 22 18.34 21.2 710 226.25 370/146 867 7.0
*Lumax Auto Technolog 2 2003 13.6 61 942 59.5 8.7 3.00 0.2 14.4 2003 216.8 6.3 - - 16 - - 55.96 0 23.23 13.7 579 85.00 122/48 625 10.7
*Lumax Inds. 10 2003 9.3 411 1602 72.3 77.4 23.50 0.4 18.8 2003 387.3 23.1 - - -16 - - 74.99 0 1.64 17.5 1018 1089.20 1544/702 1154 14.1
Minda Corporation 2 1903 45.4 50 2371 160.6 7.1 0.70 0.3 14.2 1912 526.4 41.9 1912N 1618.2 89 110.0 27 68.10 0 14.31 35.4 1664 73.25 122/53 1684 12.9
Minda Industries 2 1903 52.4 42 2100 145.3 5.5 1.10 0.3 13.2 1912 458.5 18.1 1912N 1462.6 -7 75.0 -26 70.79 0 17.54 48.5 7410 282.60 426/209 7753 62.5
MothersonSumiSystems 1 2003 315.8 20 6874 898.8 2.8 1.33 0.2 14.4 2003 1735.2 386.0 - - -10 - - 61.72 13 29.04 325.7 30316 96.00 151/49 31312 33.7
Munjal Auto Industr. 2 1903 20.0 30 1147 33.3 3.3 1.00 0.1 11.0 1912 246.8 0.6 1912N 821.4 -6 7.7 -67 74.80 0 0.15 32.9 538 53.75 60/20 546 30.6
Munjal Showa Ltd 2 1903 8.0 153 1669 62.6 15.7 4.50 0.0 10.3 1912 298.1 5.0 1912N 1038.2 -20 32.2 -34 65.01 0 0.29 18.3 408 102.05 151/55 366 8.9
Pricol L 1 1903 9.5 68 1378 -227.9 -24.0 - 0.4 - 1912 286.1 -55.1 1912N 923.0 -12 -92.1 -1665 36.52 0 4.66 37.9 383 40.40 66/22 615 -
*Rane Brake Lining Lt 10 2003 7.9 289 471 34.3 43.4 17.00 0.0 15.0 2003 118.7 9.3 - - -6 - - 66.99 0 9.67 13.3 446 563.40 784/294 432 13.0
*Rico Auto Inds. 1 2003 13.5 43 1193 16.6 1.2 0.30 0.5 2.8 2003 281.4 -4.8 - - -0 - - 50.29 0 7.91 63.7 446 33.00 63/16 736 26.9
Sandhar Technologies 10 1903 60.2 118 2037 95.3 15.8 2.50 0.2 13.4 1912 402.8 16.7 1912N 1304.8 -14 51.6 -25 70.28 0 18.79 22.6 1210 200.95 302/121 1322 15.4
Shanthi Gears 1 2003 7.7 30 242 25.2 3.3 2.00 0.0 11.0 2003 41.6 1.3 - - 10 - - 70.47 0 7.43 14.2 691 90.10 125/56 671 27.4
Sharda Motor Ind 10 1903 5.9 737 1140 87.9 147.8 - 0.0 20.0 1912 215.2 15.1 1912N 678.8 -21 50.0 -21 73.19 0 0.98 8.2 481 809.65 1385/483 340 6.4
*Shriram Pistons 10 U2003 22.4 487 1607 73.0 32.6 - 0.1 6.6 2003 364.8 12.9 - - -11 - - 47.35 0 10.36 2.2 1338 597.95 970/395 1301 18.3
Steel Strips Wheels 10 1903 15.6 423 2041 82.4 52.8 4.00 1.3 12.5 1912 343.6 6.3 1912N 1176.3 -22 28.7 -54 62.84 50 1.01 12.6 684 438.60 822/317 1414 14.1
Subros Ltd. 2 1903 13.0 104 2124 76.1 11.7 1.30 0.3 11.2 1912 465.6 13.5 1912N 1534.3 -4 68.5 14 36.78 0 9.01 22.1 1134 173.80 300/117 1232 13.4
Sundaram Clayton 5 2003 10.1 294 1324 68.7 34.0 31.00 1.0 11.6 2003 301.3 62.0 - - -28 - - 74.99 0 15.80 17.3 3477 1718.45 2400/971 4152 50.6
*Sundaram Fasten. 1 2003 21.0 96 3125 314.0 14.9 4.15 0.4 15.6 2003 719.6 46.8 - - -20 - - 49.53 0 26.95 55.8 8317 395.80 533/249 9107 26.5
*Suprajit Enginee 1 2003 14.0 56 1071 123.3 8.8 1.75 0.2 15.8 2003 257.6 11.8 - - 3 - - 44.56 0 17.29 44.7 2027 144.95 220/100 2159 16.4
*Varroc Engineering 1 2003 13.5 83 2304 99.0 7.3 - 0.2 8.8 2003 520.0 32.4 - - -9 - - 84.99 0 12.06 48.3 2562 190.05 525/119 2794 25.9
WABCO India 5 2003 9.5 999 1930 158.8 83.7 10.00 0.0 8.4 2003 404.9 31.5 - - -30 - - 74.99 0 11.49 23.8 13023 6866.05 6980/5297 12474 82.0
*Wheels India Ltd. 10 2003 24.1 248 2429 54.1 22.5 5.65 0.7 9.1 2003 540.2 4.6 - - -19 - - 63.27 0 18.77 11.0 1033 429.30 850/284 1411 19.1
7 AUTO - CARS & JEEPS
IND.COMPOSITE 773 121098 6981 34
*Mahi. & Mahi 5 2003 621.6 277 45488 1330.6 10.7 2.35 0.1 3.9 2003 9143.7 -2502.4 - - -8 - - 18.89 3 58.89 422.3 62365 501.65 675/246 61113 46.9
Maruti Suzuki India 5 2003 151.0 1603 75611 5650.6 187.1 60.00 0.0 11.7 2003 18198.7 1291.7 - - -11 - - 56.27 0 38.31 406.1 173868 5755.70 7755/4002
173839 30.8
8 AUTO - LCVS/HCVS
IND.COMPOSITE 966 75534 -4980 29
*Ashok Leyland 1 2003 293.6 25 17467 239.5 0.8 0.50 0.0 3.3 2003 3838.5 -57.3 - - -33 - - 51.12 9 31.65 951.7 15367 52.35 91/34 14392 -
*Eicher Motors 10 2003 27.3 3031 9077 1903.8 697.2 125.00 0.0 23.0 2003 2179.5 346.2 - - -5 - - 49.28 0 38.82 109.9 50419 18464.70
23428/12460 47555 26.5
Force Motors 10 1903 13.2 1468 3652 147.2 111.7 10.00 0.1 7.6 1912 869.0 15.4 1912N 2426.5 -7 49.9 -54 61.62 0 5.53 62.4 1257 953.65 1502/580 1510 14.1
SML Isuzu Ltd. 10 1903 14.5 286 1409 19.6 13.5 3.00 0.5 4.7 1912 176.5 -17.9 1912N 882.0 -10 -19.1 -684 43.96 0 5.83 32.8 562 388.10 779/280 746 190.4
*Tata Motors Ltd. 2 2003 617.8 59 43928 -7289.6 -23.6 - 0.8 - 2003 9732.9 -4871.1 - - -32 - - 42.39 4 30.25 1354.3 31369 101.55 202/64 47599 -
9 AUTO - TRACTORS
IND.COMPOSITE 1335 6324 521 30
Escorts Ltd. 10 2003 122.6 284 5761 485.5 39.6 2.50 0.1 13.9 2003 1380.7 140.4 - - -4 - - 40.24 0 29.25 112.2 12475 1017.75 1048/423 12515 25.7
HMT Ltd. 10 1903 1204.1 8 20 17.2 0.1 - 1.9 1.8 1912 8.1 7.1 1912N 15.1 9 23.0 37 93.68 0 0.00 18.1 1798 14.93 19/8 1877 -
*VST Tillers Tr 10 2003 8.6 668 544 18.0 20.8 15.00 0.0 3.1 2003 119.8 -3.4 - - -3 - - 54.76 0 19.90 16.3 1148 1329.25 1429/601 1130 63.7
10 BEARINGS
IND.COMPOSITE 175 9760 1001 26
NRB Bearings Lim 2 1903 19.4 49 940 98.8 10.2 2.60 0.5 20.8 1912 177.0 8.5 1912N 573.9 -21 24.5 -73 48.73 1 40.86 23.3 823 84.90 165/49 1039 22.7
Schaeffler India 10 1912 31.3 948 4361 367.6 117.6 35.00 0.0 12.4 2003 928.5 78.3 2003Q 928.5 -21 78.3 -26 74.12 0 19.69 16.1 11239 3595.10 4950/3044 10449 33.1
SKF India 10 2003 49.4 385 2842 289.0 58.5 130.00 0.1 15.2 2003 610.2 75.3 - - -2 - - 52.57 0 35.80 22.8 8092 1636.70 2313/1238 7578 28.0
Timken India Ltd 10 2003 75.2 210 1618 246.1 32.7 50.00 0.0 15.6 2003 405.5 61.3 - - -0 - - 67.80 0 11.76 49.1 7165 952.60 1101/629 7164 29.1
11 BEVERAGES
IND.COMPOSITE 552 25668 1965 48
Asso. Alcohols 10 1903 18.1 83 399 30.3 16.7 1.00 0.1 20.3 1912 145.4 15.8 1912N 399.2 38 38.6 57 58.44 0 0.67 13.0 468 258.80 298/122 485 10.6
*G M Breweries Ltd. 10 2003 18.3 235 469 67.9 37.1 3.00 0.0 15.8 2003 109.0 17.8 - - 4 - - 74.43 0 1.51 19.8 746 408.30 535/220 745 11.0
*Globus Spirits Ltd. 10 2003 28.8 163 1163 59.3 20.6 1.00 0.5 12.6 2003 269.5 21.5 - - 35 - - 55.74 0 2.08 15.6 362 125.55 161/61 560 6.1
Radico Khaitan Ltd. 2 2003 26.7 114 2427 227.5 17.0 2.00 0.2 15.0 2003 585.4 38.4 - - 16 - - 40.31 5 32.35 57.2 5064 379.25 439/220 5370 22.3
United Breweries Ltd 1 U2003 26.4 136 6505 427.2 16.2 2.50 0.0 11.8 2003 1424.2 41.2 - - 5 - - 57.72 18 19.83 44.1 26939 1018.85 1444/759 26975 63.1
United Spirits 2 2003 145.3 52 9091 704.7 9.7 - 0.8 18.5 2003 1993.8 23.9 - - 5 - - 56.75 1 27.99 124.5 42963 591.25 743/443 45477 61.0
Varun Beverages Ltd. 10 1912 288.7 134 5616 448.5 15.5 2.50 0.7 11.6 2003 1313.7 76.9 2003Q 1313.7 33 76.9 39 68.03 0 26.11 46.4 19671 681.40XB 870/485 22342 41.9
12 CABLES - POWER/OTHE RS
IND.COMPOSITE 202 15260 1081 13
KEI Industries 2 2003 17.9 168 4884 255.1 28.5 1.50 0.6 16.9 2003 1258.5 60.8 - - 22 - - 40.49 0 40.00 54.0 3109 347.40 615/208 3420 12.2
Polycab India 10 2003 148.9* 258 8807 761.0 51.1 7.00 0.1 19.8 2003 2123.8 219.1 - - 22 - - 68.57 0 18.11 105.0 11647 782.00 1180/525 11512 15.3
Universal Cables 10 2003 34.7 128 1569 64.6 18.6 2.00 1.2 14.5 2003 371.8 11.8 - - 19 - - 61.88 0 2.70 12.4 429 123.75 211/68 944 6.7
13 CABLES - TELEPHONE
IND.COMPOSITE 123 9721 905 11
Finolex Cables 2 1903 30.6 160 3078 344.1 22.5 4.50 0.0 14.1 1912 702.4 80.6 1912N 2225.9 -1 285.3 10 35.85 0 26.62 47.7 4555 297.85 446/165 4507 12.3
Sterlite Technologie 2 2003 80.8 45 4761 433.5 10.7 3.50 0.9 23.9 2003 1040.5 71.1 - - 21 - - 53.63 0 10.62 203.4 4708 116.55 184/60 5940 10.9
Vindhya Telelink 10 2003 11.9 657 1883 126.9 107.1 10.00 1.1 16.3 2003 459.1 28.2 - - -5 - - 43.54 0 11.36 10.5 891 751.75 1349/380 1656 7.0
14 CARBON BLACK
IND.COMPOSITE 44 3587 355 7
*Oriental Carbon 10 2003 10.0 468 343 71.5 71.6 10.00 0.2 15.3 2003 85.3 17.1 - - -9 - - 51.68 0 22.24 15.7 717 717.65 1200/470 816 10.0
Phillips Carbon 2 U2003 34.5 112 3244 283.5 16.4 7.00 0.4 14.7 2003 700.4 72.2 - - -2 - - 54.29 0 13.47 100.1 1648 95.65 147/54 2298 5.8

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 35

Databank Updated Information Updated as on June 26, 2020

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
15 CASTINGS AND FORGIN GS
IND.COMPOSITE 615 18138 2352 16
*AIA Engineering 2 2003 18.9 383 2588 832.5 88.3 27.00 0.0 23.0 2003 711.9 389.8 - - -11 - - 58.46 0 37.78 18.3 15289 1620.95 1985/1111 15389 18.4
Alicon Castalloy 5 1903 6.9 224 1074 50.2 36.4 7.00 0.8 16.3 1912 207.8 8.4 1912N 687.2 -14 22.5 -35 63.22 0 0.17 5.4 359 260.90 564/170 607 9.4
Bharat Forge 2 1903 93.1 116 6520 1071.3 23.0 3.75 0.6 19.8 1912 1076.7 127.8 1912N 3682.7 -24 546.8 -29 45.76 0 36.41 132.8 16419 352.65 533/208 19089 19.4
*Electrosteel Cas 1 2003 43.3 59 2480 98.6 2.3 0.30 0.6 3.9 2003 622.4 9.8 - - 10 - - 52.40 84 15.88 49.2 677 15.64 19/8 2014 6.9
M M Forgings Ltd. 10 1903 24.1 181 904 81.4 33.7 5.00 1.4 18.6 1912 176.2 11.2 1912N 569.6 -15 39.7 -38 56.33 0 23.58 8.5 465 192.55 500/151 924 8.1
Mahindra CIE Auto 10 1912 379.0 102 2895 172.3 4.5 - 0.0 4.4 2003 578.6 32.4 2003Q 578.6 -10 32.4 -31 67.71 0 21.62 55.5 4408 116.30 233/59 4511 36.2
*Nelcast Ltd. 2 2003 17.4 48 567 36.0 4.1 - 0.4 8.6 2003 125.5 22.9 - - -35 - - 74.82 0 0.05 21.5 399 45.85 62/24 509 11.1
*Ramkrishna Forgings 10 U2003 32.7 270 1112 9.6 2.9 - 0.9 1.1 2003 222.5 -6.3 - - -35 - - 44.91 28 25.55 8.8 567 173.70 490/135 1355 59.0
16 CEMENT
IND.COMPOSITE 2940 126884 13040 25
ACC 10 1912 187.8 614 15657 1358.9 72.4 14.00 0.0 11.8 2003 3501.7 319.9 2003Q 3501.7 -11 319.9 -5 54.52 0 28.82 109.2 24192 1288.25 1708/896 19654 18.0
Ambuja Cements Ltd. 2 1912 397.1 112 11668 1528.5 7.7 1.50 0.0 6.9 2003 2827.5 399.1 2003Q 2827.5 -3 399.1 -7 63.11 0 29.73 179.1 37340 188.05 225/137 32676 24.9
Anjani Portland 10 1903 25.3 96 437 23.2 9.2 2.50 0.0 9.6 1912 93.1 6.3 1912N 307.3 -3 32.3 178 74.99 0 0.12 7.0 335 132.50 173/82 309 7.6
Birla Corporation Lt 10 2003 77.0 565 4747 315.8 41.0 7.50 0.4 7.3 2003 1145.0 91.4 - - 14 - - 62.89 0 19.46 46.5 4584 595.25 808/373 6096 14.5
*Century Textiles 10 2003 111.7 320 3424 450.4 40.3 3.00 0.1 12.6 2003 786.6 114.0 - - -12 - - 50.20 0 26.89 66.2 3440 307.95 1001/220 3858 6.1
*Dalmia Bharat L 2 2003 38.6 396 151 135.0 7.0 - 0.0 1.8 2003 35.0 72.0 - - 9 - - 54.27 0 20.77 40.9 13489 699.05 1089/406 13476 99.9
*Deccan Cements 5 2003 7.0 321 556 56.6 40.4 1.50 0.1 12.6 2003 123.8 -3.0 - - -13 - - 56.23 0 14.77 7.1 377 269.30 419/147 298 6.7
Heidelberg Cement In 10 2003 226.6 58 2170 268.1 11.8 7.50 0.3 20.4 2003 509.8 66.3 - - 4 - - 69.38 0 18.74 62.3 4118 181.70 218/120 4172 15.4
*India Cements Lt 10 2003 309.9 175 5058 -35.5 -1.1 0.60 0.6 - 2003 1151.9 -111.1 - - -4 - - 28.25 27 21.09 156.5 3877 125.10 140/68 6851 -
*JK Cement 10 2003 77.3 405 5464 400.4 51.8 7.50 0.7 12.8 2003 1477.4 0.2 - - 14 - - 58.06 0 36.18 67.1 10523 1361.85 1504/800 12153 26.3
JK Lakshmi Cement L 5 2003 58.8 146 4044 235.2 20.0 2.50 0.9 13.7 2003 1061.2 100.8 - - 10 - - 46.21 0 29.56 69.2 3016 256.35 389/180 4317 12.8
*KCP Ltd. 1 2003 12.9 36 938 -6.8 -0.5 0.15 0.9 - 2003 254.8 0.7 - - -18 - - 43.97 0 6.74 21.3 656 50.90 86/32 1073 -
*Mangalam Cement 10 2003 26.7 216 1228 75.9 28.4 1.00 0.8 13.2 2003 296.8 15.5 - - 6 - - 20.83 0 14.70 16.6 506 189.60 340/116 898 6.7
NCL Industries 10 1903 45.2 110 980 46.8 10.3 2.50 0.5 9.4 1912 210.6 5.4 1912N 691.0 -3 43.2 112 42.26 3 13.40 34.5 338 74.80 136/48 582 4.9
Orient Cement Ltd. 1 2003 20.5 55 2422 86.6 4.2 0.75 1.2 7.7 2003 654.5 44.1 - - -0 - - 37.36 16 35.63 31.0 1562 76.25 113/35 2764 18.0
Prism Johnson 10 2003 503.4 22 5572 56.5 1.1 1.00 1.0 5.0 2003 1371.6 -7.9 - - -2 - - 74.87 0 11.29 72.2 2396 47.60 96/26 3494 42.5
Rain Industries 2 1912 67.3 27 64 35.4 1.1 1.00 0.4 3.9 2003 16.0 -1.7 2003Q 16.0 39 -1.7 -998 41.11 0 15.62 132.3 2682 79.75 129/45 3007 -
Sagar Cements 10 U2003 22.3* 391 848 34.7 15.6 - 0.3 4.0 2003 215.2 8.6 - - -0 - - 50.79 7 15.73 10.7 751 336.95 720/246 971 21.6
Saurashtra Cemen 10 2003 69.5 65 608 56.6 8.1 1.75 0.1 12.5 2003 176.9 6.6 - - -6 - - 73.48 38 0.88 11.8 313 45.05 57/23 263 5.5
Shree Cement 10 2003 36.1 3585 11904 1570.2 435.2 110.00 0.3 12.1 2003 3217.5 588.1 - - 3 - - 62.55 0 23.12 39.8 81204 22506.15 25341/15500 83673 51.7
Shree Digvijay 10 2003 141.4 20 470 56.4 4.0 1.50 0.2 20.4 2003 128.3 23.2 - - 4 - - 57.17 0 0.05 25.1 757 53.55 54/14 761 13.4
*Star Cement 1 2003 41.2 27 1773 218.7 5.3 1.00 0.1 19.6 2003 525.0 59.3 - - 5 - - 66.77 0 8.52 19.0 3617 87.70 125/56 3579 16.5
*The Ramco Cements 1 2003 23.6 209 5368 601.1 25.5 2.50 0.3 12.2 2003 1389.9 146.2 - - 10 - - 42.66 2 33.35 30.4 15143 642.80 883/457 16465 25.2
Udaipur Cement Works 4 2003 124.6 6 686 15.5 0.5 - 2.7 8.4 2003 158.5 -2.5 - - 38 - - 72.53 0 0.45 28.6 341 10.94 16/7 742 -
UltraTech Cement 10 2003 288.6* 1327 40649 5455.5 189.0 13.00 0.6 14.2 2003 10360.3 2906.3 - - 20 - - 60.04 0 30.63 309.7 111426 3860.55 4753/2913 128384 20.7
17 CEMENT - PRODUCTS/B UIL DING MA TERIALS
IND.COMPOSITE 308 6998 357 12
Everest Industries L 10 2003 15.6 291 1284 14.1 9.0 1.00 0.2 3.1 2003 289.7 -3.7 - - -4 - - 50.73 0 1.30 24.0 338 216.15 420/120 403 24.1
HIL 10 2003 7.5 943 1321 76.7 102.6 20.00 0.5 10.9 2003 297.7 9.0 - - -7 - - 40.90 0 9.76 22.0 901 1205.10 1662/497 1237 11.7
Indian Hume Pipe 2 1903 9.7 107 1629 86.3 17.8 3.60 0.9 16.6 1912 392.9 12.9 1912N 1226.7 10 48.1 -16 69.92 0 4.06 20.4 815 168.20 334/101 1249 10.6
*Ramco Industries 1 2003 8.7 91 826 65.5 7.6 0.50 0.2 8.3 2003 193.3 9.8 - - -6 - - 54.02 8 6.08 14.7 1359 156.80 214/104 1506 20.7
*Sanghi Industrie 10 2003 251.0 68 888 65.4 2.6 - 0.5 3.8 2003 221.6 15.8 - - -15 - - 70.33 92 16.71 25.6 663 26.40 68/15 1252 10.1
Visaka Indus. 10 2003 15.9 318 1050 49.3 31.0 15.00 0.5 9.8 2003 227.7 6.9 - - -2 - - 42.46 11 1.45 24.1 386 243.25 385/95 592 7.8
18 CERAMICS/TILES/SANI TARYWARE
IND.COMPOSITE 90 8826 472 24
Asian Granito India 10 1903 30.1 126 1005 7.3 2.4 0.60 0.4 1.9 1912 255.0 8.9 1912N 796.1 13 23.8 342 33.72 0 11.10 18.5 651 216.30 275/109 777 25.3
Cera Sanitaryware L 5 1903 6.5 538 1344 115.1 88.5 13.00 0.0 16.4 1912 321.3 28.4 1912N 915.9 -2 77.5 1 54.47 0 24.43 17.0 2872 2208.45 3036/2001 2880 24.9
*HSIL Ltd. 2 2003 14.5 174 1859 48.4 6.7 3.00 0.8 3.9 2003 461.0 3.4 - - -26 - - 53.90 0 11.74 32.9 368 50.90 263/35 1465 7.6
*Kajaria Ceramics 1 2003 15.9 109 2572 278.8 17.5 - 0.0 16.1 2003 603.1 55.4 - - -1 - - 47.77 0 38.19 64.4 6373 400.95 606/295 6135 22.9
*Somany Ceramics Ltd. 2 2003 8.5 138 1595 13.3 3.1 2.00 0.4 2.3 2003 352.5 -9.0 - - 5 - - 51.46 0 21.79 14.1 532 125.45 453/77 750 40.1
*Somany Home Innovat 2 2003 14.5 13 451 8.8 1.2 - -2.3 9.6 2003 91.4 19.4 - - - - - 50.20 0 25.23 29.0 603 83.40 193/53 603 68.7
19 CHEMICALS
IND.COMPOSITE 817 43402 6077 24
Aarti Ind. Ltd 5 2003 87.1* 167 3994 523.4 30.0 3.50 0.8 18.0 2003 1020.0 107.0 - - -10 - - 47.74 0 24.83 64.6 16585 951.85XB 1192/662 17858 31.7
*Alkyl Amines Che 5 2003 10.2 263 993 215.3 105.5 20.00 0.4 40.1 2003 234.8 49.2 - - 24 - - 74.19 0 2.40 12.5 4335 2125.30 2283/660 4444 20.1
*Balaji Amines Li 2 2003 6.5 206 919 113.8 35.1 3.20 0.2 17.0 2003 235.5 32.4 - - -5 - - 53.66 0 1.99 16.4 1701 524.95 544/204 1775 15.0
BASF India Lt 10 2003 43.3 320 7551 18.5 4.3 3.00 0.6 1.3 2003 1848.6 40.4 - - 21 - - 0.00 0 42.11 39.3 5074 1172.15 1356/795 5937 274.1
*Camlin Fine Sciences 1 2003 12.1 31 580 30.7 2.5 - 1.0 8.2 2003 139.5 16.5 - - 17 - - 22.73 11 22.26 41.6 647 53.35 90/33 891 21.1
Deepak Nitrite 2 2003 27.3 109 2230 544.0 39.9 4.50 0.3 36.5 2003 525.2 116.3 - - 31 - - 45.69 0 27.14 63.1 6874 504.00 570/257 7135 12.6
Elantas Beck India L 10 1912 7.9 484 394 49.6 62.5 5.00 0.0 12.9 2003 105.2 13.3 2003Q 105.2 7 13.3 12 74.99 0 11.61 7.1 1881 2373.15 3199/1580 1871 36.9
*Fairchem Speciality 10 2003 39.1 33 306 36.5 9.4 1.50 0.5 28.4 2003 89.3 12.2 - - 14 - - 74.05 0 1.81 9.8 2153 551.05 748/360 2201 58.9
Fine Organic Indus 5 1903 15.3 166 1044 129.0 42.1 - 0.2 25.4 1912 265.9 36.8 1912N 783.8 3 133.0 30 75.00 0 21.13 22.5 5807 1894.00 2548/1310 5817 36.4
Fineotex Chemical Lt 2 1903 22.3 12 113 17.3 1.6 0.10 0.0 12.5 1912 32.6 6.7 1912N 98.4 23 17.4 47 71.42 0 0.10 35.0 302 27.15 36/12 302 12.8
Foseco India Lim 10 1912 6.4 268 323 34.5 54.1 15.00 0.0 20.1 2003 72.1 6.1 2003Q 72.1 -14 6.1 -29 74.98 0 0.07 8.4 667 1043.80 1650/840 573 20.8
*Galaxy Surfacta. 10 2003 35.5 251 1793 182.2 51.4 - 0.2 20.5 2003 434.0 45.8 - - -10 - - 70.93 0 16.86 37.9 5074 1431.20 1790/975 5187 27.9
GFL L 1 1903 11.0 429 2728 1277.3 116.3 3.50 0.2 27.1 1912 0.0 12.8 1912N 0.0 40 29.1 -96 68.72 0 9.05 14.1 1142 103.95 163/49 1961 1.8
Grauer & Weil 1 1903 22.7 18 599 63.7 2.8 0.60 0.1 15.9 1912 161.6 18.2 1912N 442.9 7 53.8 10 69.03 0 0.08 24.3 871 38.40 63/28 788 12.7
Gujarat Fluorochem 1 1903 11.0 1 0 -0.0 -0.0 - 0.0 - 1912 542.1 33.0 1912N 1934.3 - 161.4 - 68.37 0 11.50 12.5 4125 375.55 900/219 4125 -
Himadri Speciality 1 1903 41.9 40 2377 307.3 7.3 0.15 0.3 18.3 1912 428.3 16.7 1912N 1439.1 -20 142.6 -41 48.90 0 4.44 106.0 2042 48.75 107/27 2425 9.6
*I G Petrochemicals 10 2003 30.8 206 1059 21.0 6.8 2.00 0.2 3.3 2003 268.5 4.0 - - -20 - - 68.73 0 5.88 29.9 458 148.70 265/81 576 21.8
*India Glycols 10 2003 31.0 374 3470 128.3 41.4 6.00 0.7 11.1 2003 909.0 20.1 - - 4 - - 61.01 84 1.97 34.5 850 274.65 397/176 1534 6.6
National Peroxid 10 1903 5.7 1070 402 153.0 266.3 65.00 0.1 24.9 1912 31.8 -5.5 1912N 143.1 -57 14.4 -89 70.76 0 0.03 17.7 1175 2044.90 2370/821 1240 37.0
*Navin Fluorine Inter 2 2003 9.9 281 1022 399.8 80.8 1.26 0.0 28.8 2003 265.0 268.7 - - 7 - - 30.51 3 37.63 82.1 7909 1598.35 1694/570 7887 19.8
Neogen Chemicals 10 2003 23.3 67 306 28.8 12.3 - 1.6 18.4 2003 82.3 7.3 - - 41 - - 70.00 0 17.66 9.2 1140 488.60 555/301 1254 39.6

36 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Oriental Aromatics 5 1903 16.8 116 753 49.9 14.8 1.00 0.4 12.7 1912 175.4 17.9 1912N 591.3 7 62.6 38 74.16 0 0.22 15.1 595 176.80 231/117 764 9.1
Paushak Ltd. 10 2003 3.1 737 138 34.9 113.3 6.00 0.0 15.4 2003 29.3 6.4 - - 8 - - 66.71 0 0.00 8.1 756 2451.45 3100/1302 755 21.6
*Pidilite Inds. 1 2003 50.8* 88 6333 1101.6 21.7 7.00 0.0 24.7 2003 1318.6 159.6 - - 6 - - 69.96 0 19.40 178.9 70533 1388.10 1710/1169 70416 64.0
S H Kelkar & Company 10 2003 141.3 39 719 28.3 2.0 0.95 0.1 5.1 2003 177.2 4.8 - - 2 - - 57.49 0 24.01 22.4 959 67.85 148/48 1040 33.8
*Thirumalai Chem. 1 2003 10.2 54 865 40.9 4.0 - 0.1 7.3 2003 235.0 13.4 - - -15 - - 41.85 0 1.06 51.6 515 50.30 87/32 513 12.6
Transpek Indus. 10 U2003 5.6 688 566 73.0 130.6 12.50 0.4 19.0 2003 161.8 24.2 - - -6 - - 58.86 0 4.11 9.6 886 1586.20 2032/1077 1005 12.1
Valiant Organics 10 2003 12.1 304 584 138.5 114.0 11.00 0.2 37.5 - - - - - - - - 47.76 0 0.32 1.4 1914 1575.00 1800/884 1958 -
Vikas Multicorp 1 1903 66.3 1 216 1.9 0.0 - 0.4 2.1 1912 47.1 1.1 1912N 121.9 43 1.8 136 55.27 0 4.98 43.8 339 5.11 5/1 372 -
*Vinati Organics 1 2003 10.3 124 1029 333.8 32.5 5.50 0.0 26.1 2003 245.3 74.6 - - -3 - - 74.04 0 11.19 39.8 10166 989.10XS 1256/651 10166 30.5
20 CHEMICALS - CHLRO A LKALI
IND.COMPOSITE 450 9875 7745 2
GHCL 10 2003 95.0 230 3256 406.5 42.8 3.00 0.6 18.6 2003 733.2 79.9 - - 3 - - 19.17 1 35.22 64.4 1318 138.70 245/69 2390 3.2
*Guj. Alkalie & C 10 2003 73.4 626 2725 332.8 45.3 8.00 0.0 7.2 2003 621.6 11.9 - - -10 - - 46.27 0 8.98 57.6 2412 328.40 534/165 2328 7.2
Tata Chemicals 10 2003 254.8 470 2920 6840.2 268.5 11.00 0.0 57.1 2003 734.0 6354.6 - - -28 - - 34.58 0 43.46 187.2 8026 315.05 340/197 6939 1.1
The Andhra Sugars 10 1903 27.1 369 974 165.7 61.1 10.00 0.2 16.6 1912 247.2 26.3 1912N 814.7 13 126.0 3 81.69 0 4.22 15.0 712 262.45 379/119 904 4.2
21 COMPRESSORS
IND.COMPOSITE 60 2737 219 22
Elgi Equipments 1 1903 15.8 42 1177 84.7 5.3 1.30 0.1 12.8 1912 282.9 19.8 1912N 831.9 -1 58.4 1 31.90 0 30.92 17.8 2445 154.30 310/102 2435 28.7
Ingersoll Rand 10 1903 31.6 133 739 80.9 25.6 6.00 0.0 19.3 1912 208.5 23.6 1912N 571.0 4 65.4 2 73.99 0 7.06 28.4 2014 638.00 729/576 1897 24.5
*Kirloskar Pneumatic 2 2003 12.8 77 821 53.5 8.3 2.70 0.0 10.8 2003 222.9 24.0 - - 31 - - 53.86 0 25.55 23.7 727 113.15 210/80 695 13.6
22 COMPUTER - HARDAWAR E
IND.COMPOSITE 288 21416 226 8
Cerebra Integrat 10 1903 121.2 19 261 1.1 0.1 - 0.0 0.5 1912 33.4 8.2 1912N 70.1 -67 19.7 16 7.09 0 8.35 12.4 348 28.70 45/17 274 -
Control Print Ltd. 10 1903 16.3 114 175 30.0 18.4 6.50 0.0 14.8 1912 47.4 8.9 1912N 148.7 16 23.8 17 51.77 0 20.67 11.3 329 201.15 318/151 326 9.8
D-Link (India) 2 1903 7.1 56 700 23.6 6.6 1.00 0.0 11.8 1912 193.6 8.1 1912N 565.7 9 25.5 52 51.02 0 0.74 24.7 307 86.35 125/51 299 9.5
*HCL Infosystem 2 2003 65.8 -1 1648 -318.4 -9.7 - 2.1 - 2003 187.4 -104.3 - - -47 - - 62.88 0 1.05 94.9 325 9.88 14/3 759 -
*Redington (India) Lt 2 2003 77.8 46 18633 489.6 12.6 4.30 0.5 27.2 2003 4403.1 177.1 - - 17 - - 0.00 0 58.83 25.6 3500 89.95 140/60 4209 7.1
23 COMPUTER - SOFTWARE
IND.COMPOSITE 9680 376178 81000 20
3i Infotech 10 2003 1616.7 3 338 127.9 0.8 - 2.4 24.0 2003 91.5 71.8 - - 18 - - 0.00 0 32.31 153.0 406 2.51 3/1 794 -
63 Moons Technologie 2 1903 9.2 620 147 0.1 0.0 2.00 0.0 0.0 1912 35.5 -11.5 1912N 104.5 -8 -20.6 -313 45.63 0 5.49 47.2 360 78.05 148/40 -616 -
Accelya Solutions In 10 1906 14.9 128 378 103.8 69.6 32.00 0.0 54.5 2003 99.3 21.6 2003N 305.2 7 87.5 11 74.65 0 5.69 18.3 1371 918.25 1247/699 1364 12.2
AGC Networks 10 1903 29.8* 31 307 1.3 0.4 - 1.1 1.4 1912 62.0 -4.0 1912N 222.4 -5 -13.5 -1912 69.10 10 6.05 7.6 884 296.95 457/75 979 -
Aptech Ltd. 10 2003 40.3* 49 142 0.2 0.1 4.50 0.0 0.1 2003 25.9 -7.3 - - 22 - - 48.98 0 11.21 60.6 412 102.20 193/66 370 -
Birlasoft 2 2003 55.4* 44 1462 140.8 5.1 2.00 0.0 11.6 2003 396.0 44.1 - - -2 - - 40.81 0 34.82 59.5 2550 92.05 106/48 2491 18.1
*Brightcom Group 2 2003 101.5 12 467 -1.4 -0.0 - 0.3 - 2003 124.2 5.2 - - 1 - - 36.72 50 6.79 31.8 502 9.88 13/2 660 -
CESC Ventures 10 1903 26.5 571 63 65.8 24.8 - 0.0 4.3 1912 15.4 2.9 1912N 46.0 0 79.6 26 49.91 0 22.07 41.2 455 171.55 512/112 390 5.5
Cigniti Technologies 10 2003 27.8 105 300 59.7 21.4 - 0.0 20.3 2003 78.7 15.8 - - 18 - - 37.09 0 0.28 4.4 784 281.40 350/175 742 13.1
Cyient Ltd. 5 2003 55.0 191 1523 248.0 22.6 15.00 0.0 11.8 2003 349.0 -1.0 - - -3 - - 22.87 0 64.24 44.0 3027 275.25 557/184 2314 12.2
*eClerx Services 10 2003 37.0 300 1120 123.6 33.4 1.00 0.0 11.1 2003 278.2 43.7 - - -1 - - 50.75 0 38.78 34.7 1648 445.65 782/323 1285 13.3
Firstsource Solution 10 2003 694.0* 30 940 182.0 2.6 2.50 0.0 8.8 2003 259.9 51.0 - - 16 - - 53.90 0 21.88 165.3 2662 38.35 55/21 2652 14.6
HCL Technologies 2 2003 542.7* 137 32606 8969.0 33.1 10.00 0.0 24.0 2003 9057.0 2500.0 - - 24 - - 60.33 0 35.52 215.5 152712 562.75XB 624/376 146471 17.0
Hexaware Technologie 2 1912 59.8* 65 2141 507.5 17.0 8.50 0.0 26.0 2003 600.8 119.6 2003Q 600.8 17 119.6 1 62.44 0 29.67 80.9 9766 326.75 399/202 9618 19.2
Hinduja Global Solut 10 1903 20.9* 754 2196 230.5 110.4 10.00 0.1 14.6 1912 564.6 73.4 1912N 1575.5 -2 167.7 16 67.23 0 11.54 11.8 1395 668.15 1008/412 1512 5.5
Infibeam Avenues 1 2003 66.5 40 586 38.6 0.6 0.10 0.0 1.5 2003 123.2 7.4 - - 23 - - 32.33 8 7.46 51.8 4347 65.40 69/27 4258 -
Infosys 5 2003 2129.6* 146 79047 15543.0 36.5 17.50 0.0 25.0 2003 20187.0 4069.0 - - 9 - - 13.15 0 55.68 1134.3 318649 748.15 847/511 303098 20.5
*Intellect Design 5 2003 66.2* 67 741 -31.3 -2.4 - 0.1 - 2003 203.7 18.9 - - -21 - - 31.37 0 26.31 50.7 1448 109.30 292/44 1522 -
Jump Networks 5 1903 50.0 13 67 0.4 0.0 0.01 0.0 0.3 1912 56.9 -83.2 1912N 75.0 60 -89.6 -8716 1.83 0 5.06 3.3 594 59.40 77/40 593 -
KPIT Technologies 10 2003 274.1 38 955 178.4 6.5 - 0.1 17.3 2003 217.8 26.8 - - - - - 41.65 17 35.93 54.6 1690 61.65 111/34 1748 9.5
L&T Infotech 1 2003 17.4* 300 10184 1552.4 89.1 28.00 0.0 29.7 2003 2825.1 415.9 - - 12 - - 74.53 0 16.64 135.4 33655 1932.15 2049/1208 33439 21.7
Majesco L 5 2003 14.4* 195 10 24.0 8.3 2.00 0.0 4.3 2003 2.6 1.5 - - -49 - - 38.24 4 23.45 21.0 1041 362.05 588/171 996 43.4
*Mastek Li 5 2003 12.2* 110 163 27.4 11.2 8.00 0.0 10.2 2003 40.4 12.1 - - -15 - - 45.09 57 21.07 21.2 961 393.10 483/170 950 35.0
*MindTree Ltd. 10 2003 164.6 192 7764 630.8 38.3 13.00 0.0 20.0 2003 2050.5 206.1 - - 10 - - 74.11 0 17.62 76.9 15619 949.05 1062/653 15365 24.8
MphasiS Ltd. 10 2003 186.5* 197 4347 1205.1 64.6 35.00 0.1 32.8 2003 1209.5 520.5 - - 24 - - 56.18 0 38.04 61.1 16661 893.10 1015/612 16752 13.8
Newgen Software Tech 10 2003 70.0 75 577 65.9 9.4 2.00 0.2 12.5 2003 171.4 37.2 - - 12 - - 65.72 0 22.33 22.1 1047 149.60 314/96 970 15.9
NIIT Ltd. 2 2003 28.3* 108 401 1368.4 96.6 10.00 0.2 89.3 2003 91.1 -38.6 - - 15 - - 34.34 0 33.67 61.3 1337 94.45 116/54 1464 1.0
NIIT Technologies 10 2003 62.5 316 2231 422.5 67.6 31.00 0.0 21.4 2003 558.1 117.4 - - 15 - - 70.09 0 21.28 38.1 9132 1461.30 2057/739 9003 21.6
Nucleus Software 10 2003 29.0 182 432 96.0 33.1 - 0.0 18.2 2003 116.6 35.1 - - 8 - - 67.58 0 8.85 16.2 781 268.90 355/170 729 8.1
Oracle Financial Ser 5 2003 43.0* 641 3526 1582.7 184.1 180.00 0.0 28.7 2003 906.4 503.0 - - -3 - - 73.41 0 19.74 27.2 23512 2735.40 3422/1533 21806 14.9
Persistent Systems 10 2003 76.4 301 2108 407.7 53.3 12.00 0.0 17.7 2003 566.1 127.5 - - 7 - - 31.43 0 44.75 55.0 4789 626.65 740/420 4268 11.7
Quick Heal Technolog 10 2003 64.2 101 283 73.6 11.5 4.00 0.0 11.4 2003 63.4 6.0 - - -3 - - 72.83 0 2.33 56.0 765 119.15 176/62 635 10.4
R Systems Internat. 1 1912 12.0* 23 392 51.5 4.3 1.50 0.0 18.7 2003 106.0 7.5 2003Q 106.0 14 7.5 -36 51.59 0 0.00 10.7 1147 95.90 120/34 1101 24.3
*Ramco Systems Lt 10 2003 30.6* 271 306 24.9 8.1 - 0.1 3.0 2003 71.1 -13.6 - - -1 - - 54.70 0 19.06 15.6 370 120.90 230/64 448 14.9
Sasken Technologies 10 2003 15.1 319 417 82.3 54.7 40.00 0.0 17.2 2003 97.0 10.5 - - 3 - - 45.05 0 20.43 20.7 763 506.65 742/342 758 9.3
Sonata Software 1 2003 10.5 36 877 211.3 20.1 20.25 0.0 56.6 2003 221.8 79.1 - - 7 - - 28.17 0 25.29 47.4 2382 226.50 362/148 2296 11.3
Subex Ltd. 10 2003 562.0 9 11 -205.9 -3.7 - 0.0 - 2003 3.9 21.0 - - -51 - - 0.00 0 0.59 99.0 500 8.90 10/3 499 -
*Take Solutions Ltd. 1 2003 14.8 53 2 24.9 1.7 - 0.0 3.2 2003 0.6 10.7 - - -88 - - 66.88 0 12.59 27.3 759 51.30 138/37 734 30.4
*Tanla Solutions 1 2003 15.2 44 1060 -198.9 -13.1 - 0.1 - 2003 239.7 -57.8 - - 51 - - 35.21 0 14.55 48.2 1063 69.80 89/38 974 -
Tata Consultancy 1 2003 375.2 198 131306 33260.0 88.6 73.00 0.0 44.7 2003 33222.0 8227.0 - - 8 - - 72.04 3 23.74 858.8 793855 2115.60 2296/1504 784988 23.9
Tata Elxsi Ltd. 10 2003 62.3 175 1610 256.1 41.1 8.00 0.0 23.5 2003 438.9 82.1 - - -2 - - 44.52 0 14.38 135.9 5606 900.20 1099/501 5090 21.9
Tech Mahindra Ltd. 5 2003 483.1* 231 29225 4534.5 46.9 15.00 0.0 20.4 2003 7571.9 1391.8 - - 7 - - 35.84 0 52.86 455.7 54207 561.05 846/470 53003 12.0
Vakrangee 1 1903 105.9 24 1450 20.2 0.2 0.25 0.0 0.8 1912 184.0 19.7 1912N 431.8 -68 36.3 146 42.60 0 18.33 135.6 3703 34.95 56/17 2568 -
Wipro Ltd 2 2003 1142.9* 81 50407 8680.7 15.2 2.00 0.1 18.7 2003 13127.2 2158.3 - - 4 - - 74.03 0 15.46 511.9 128775 225.35 288/160 123459 14.8
Xchanging Solutions 10 2003 111.4 20 43 22.7 2.0 - 0.0 10.0 2003 10.2 3.4 - - -18 - - 75.00 0 5.20 16.4 506 45.40 65/25 361 22.3
*Zen Technologies Ltd 1 2003 7.7 26 147 60.5 7.8 0.40 0.3 30.4 2003 18.7 17.8 - - 163 - - 59.55 0 0.24 11.7 403 52.20 78/22 425 6.7
Zensar Technologies 2 2003 45.1 70 1370 231.0 10.2 2.80 0.0 14.7 2003 353.0 70.6 - - 0 - - 49.23 0 42.30 27.5 2881 127.80 263/64 2754 12.5

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 37

Databank Updated Information Updated as on June 26, 2020

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
24 CONSTRUCTIONS
IND.COMPOSITE 7594 187659 11963 17
Ahluwalia Contra 2 1903 13.4 110 1752 117.3 17.5 0.30 0.1 15.9 1912 438.3 20.5 1912N 1172.4 -7 50.9 -41 58.00 41 38.78 5.5 1458 217.70 369/136 1310 17.8
Ajmera Realty & Infr 10 1903 35.5 157 343 66.2 18.6 3.30 1.2 11.9 1912 47.9 5.5 1912N 245.9 -2 24.5 -43 67.94 8 0.20 31.1 313 88.10 174/53 964 6.6
Anant Raj Ltd. 2 1903 59.0 143 457 46.4 1.6 0.24 0.5 1.1 1912 265.1 16.9 1912N 435.6 40 25.8 1 64.93 0 7.78 46.4 679 23.00 41/13 2631 14.9
*Ashiana Housing Ltd. 2 2003 20.5 74 262 -28.2 -2.8 0.30 0.2 - 2003 85.1 -8.7 - - -27 - - 61.03 0 10.87 21.6 657 64.15 127/39 764 -
*Ashoka Buildcon Ltd. 5 2003 140.4 93 3937 387.1 13.8 - 0.3 14.9 2003 1254.8 164.2 - - 7 - - 54.32 0 37.08 39.7 1769 63.00 151/37 2444 4.6
Bharat Road Network 10 1903 84.0 140 11 14.3 1.7 0.50 0.1 1.2 1912 1.7 6.5 1912N 3.8 -52 21.4 29 53.75 22 1.32 12.3 310 36.95 93/29 430 16.3
*Brigade Enterprises 10 2003 204.4* 124 1849 260.8 12.8 1.00 0.7 10.3 2003 440.5 40.6 - - 5 - - 46.81 0 30.38 51.7 2946 144.15XB 255/91 4475 11.3
*Capacit'e Infraproje 10 2003 67.9 136 1529 90.9 13.4 - 0.3 9.8 2003 307.2 3.8 - - -5 - - 43.78 17 30.20 46.2 777 114.50 284/70 820 8.6
Dilip Buildcon Ltd. 10 2003 136.8 264 8984 425.0 31.1 1.00 1.0 11.8 2003 2499.7 115.1 - - -1 - - 74.99 29 15.65 60.8 3869 282.85 511/193 6881 9.1
*DLF Ltd. 2 2003 495.1* 108 2370 2264.3 9.1 2.00 0.3 8.4 2003 884.7 -1077.0 - - -37 - - 74.94 0 20.07 292.7 38244 154.50 267/115 40834 16.9
Gayatri Projects 2 1903 37.4 71 3463 210.8 11.3 - 1.2 15.9 1912 835.4 -391.7 1912N 2517.2 9 -328.9 -377 44.89 98 38.99 11.5 319 17.04 165/8 1654 -
Godrej Properties Lt 5 2003 126.0* 200 1747 312.8 12.4 - 1.3 6.2 2003 780.8 95.6 - - 116 - - 64.45 0 24.21 47.8 21891 868.40 1188/506 25124 70.0
*HG Infra Engineering 10 2003 65.2 126 2196 165.7 25.4 - 0.4 20.2 2003 622.9 51.3 - - 10 - - 73.98 0 21.34 15.3 1311 201.20 302/135 1453 7.9
Hind.ConstructionCo. 1 1903 151.3 9 4341 -1961.8 -13.0 - 2.3 - 1912 1074.9 233.7 1912N 2893.8 -4 53.2 103 34.71 92 33.45 231.6 973 6.43 13/4 3670 -
Indiabulls Integrate 2 1903 17.9 178 0 21.9 2.4 - 0.0 1.4 1912 0.0 -13.9 1912N 0.1 -68 -19.2 -191 43.25 0 20.08 50.8 505 56.55 209/31 505 -
Indiabulls Real Esta 2 2003 90.9 142 363 -85.4 -1.9 - 0.5 - 2003 214.1 101.5 - - 33 - - 23.35 0 21.38 105.6 2423 53.30 124/37 5507 -
*IRB Infrastructure 10 2003 351.4 73 3992 279.2 7.9 5.00 1.5 10.9 2003 953.5 57.1 - - 26 - - 57.68 18 28.98 100.5 3165 90.05 120/46 6078 11.3
*ITD Cementation Indi 1 2003 17.2 61 2142 43.2 2.5 0.30 0.2 4.1 2003 557.0 -5.5 - - 19 - - 46.63 0 32.22 35.8 951 55.35 111/26 1089 22.0
*J Kumar Infraproject 5 2003 37.8 242 2971 183.6 24.3 - 0.4 10.0 2003 877.8 31.1 - - 15 - - 45.31 23 21.34 22.9 732 96.70 180/65 864 4.0
*JaiprakashAssociates 2 2003 486.5 32 4619 -892.8 -3.7 - 0.6 - 2003 1172.0 -307.4 - - -33 - - 38.86 20 6.17 563.9 698 2.87 3/1 5697 -
JMC Projects 2 2003 33.6 58 3713 79.0 4.7 0.70 0.7 8.1 2003 938.6 -34.4 - - 20 - - 67.35 0 18.98 12.4 897 53.40 147/30 1478 11.4
Karda Constructions 10 1903 12.3 77 105 12.1 9.8 - 0.8 12.8 1912 40.9 4.9 1912N 86.6 22 7.8 -17 65.16 0 0.02 6.0 311 253.10 268/89 379 29.5
*KNR Constructions 2 2003 28.1 115 2244 225.2 16.0 0.50 0.2 13.9 2003 675.6 67.2 - - 10 - - 55.17 0 34.47 35.0 3105 220.80 311/172 3330 13.8
*Kolte-Patil Develope 10 2003 75.8 114 712 64.2 8.5 - 0.3 7.4 2003 112.5 7.8 - - 110 - - 74.63 0 14.61 34.8 1261 166.35 288/103 1481 19.5
*L&T 2 2003 280.8* 372 82384 6679.2 47.6 14.00 0.2 12.8 2003 27252.8 2254.6 - - -2 - - 0.00 0 54.21 1251.6 135134 962.50 1592/661 137880 19.7
Mahindra Lifespace D 10 2003 51.4* 291 440 -226.0 -44.0 - 0.1 - 2003 51.0 -253.3 - - 19 - - 51.47 0 26.45 58.2 1115 217.05 454/171 1018 -
Man Infraconstructio 2 1903 49.5 33 166 108.5 4.4 1.26 0.0 13.5 1912 31.5 23.9 1912N 74.5 -41 52.6 -44 64.58 0 1.20 28.6 500 20.20 34/15 462 7.4
NBCC (India) 1 1903 180.0 9 7245 384.1 2.1 0.65 0.0 24.5 1912 1265.5 35.0 1912N 3620.6 -26 31.3 -86 61.75 0 18.84 317.8 4284 23.80 63/14 2703 23.3
NCC 2 2003 122.0 84 8219 382.0 6.3 0.20 0.4 7.5 2003 2182.0 110.4 - - -31 - - 19.56 34 33.17 194.0 1897 31.10 103/16 3334 5.0
Oberoi Realty 10 1903 363.6 166 1029 453.7 12.5 2.00 0.1 7.5 1912 179.4 75.8 1912N 506.2 -40 267.9 -31 67.70 0 30.42 23.5 13646 375.30 642/290 14039 41.2
Omaxe Ltd. 10 1903 182.9 75 768 23.1 1.3 0.70 0.6 1.7 1912 121.0 4.3 1912N 470.3 -5 17.7 48 74.15 52 14.44 46.8 4034 220.55 221/144 4595 139.9
*Patel Engg. Ltd. 1 U2003 41.7* 60 2333 37.2 0.9 - 0.9 1.5 2003 478.5 -62.5 - - 17 - - 62.71 87 18.42 56.9 648 15.53XR 22/8 2722 -
Phoenix Mills 2 1903 30.7* 179 440 173.1 11.3 3.00 0.2 6.3 1912 119.9 33.1 1912N 346.2 5 127.4 -6 59.11 0 36.61 14.3 9189 598.80 980/466 9864 55.8
*PNC Infratech 2 2003 51.3 99 4878 460.3 17.9 0.50 0.1 18.1 2003 1157.9 76.1 - - 84 - - 56.06 0 30.17 26.1 3570 139.15 219/81 3544 7.8
*Prestige Estates Pro 10 2003 400.9 131 3356 262.4 6.5 1.50 1.1 5.0 2003 926.3 -42.2 - - 53 - - 65.48 0 33.26 19.8 8969 223.75 426/134 13363 34.2
*PSP Projects 10 2003 36.0 127 1499 129.3 35.9 5.00 0.1 28.3 2003 456.4 34.3 - - 48 - - 73.81 0 7.01 13.1 1423 395.15 617/234 1226 11.0
*Puravankara 5 U2003 118.6 71 1271 30.5 1.3 - 0.5 1.8 2003 270.5 1.5 - - -2 - - 74.99 0 18.08 29.0 1007 42.45 80/29 1752 33.0
Rail Vikas Nigam 10 1903 2085.0 18 10060 606.6 2.9 0.09 0.8 16.2 1912 3699.3 197.9 1912N 10309.9 55 592.6 41 87.84 0 3.15 177.4 4055 19.45 29/10 6137 5.2
Sadbhav Engineering 1 1903 17.2 119 3549 186.9 10.9 1.00 0.7 9.2 1912 440.0 11.7 1912N 1842.8 -27 77.0 -51 46.80 56 41.61 24.7 830 48.40 266/23 2140 7.8
Sobha 10 1903 94.8 219 3399 286.5 30.2 7.00 1.1 13.8 1912 886.7 76.2 1912N 2883.9 46 236.2 38 51.78 20 38.85 61.0 2149 226.60 588/118 4351 6.1
Sunteck Realty Ltd. 1 1903 14.6 121 238 184.5 12.6 0.75 0.2 10.4 1912 91.2 48.4 1912N 217.9 19 103.5 -35 67.16 0 29.22 8.0 2685 183.45 487/145 2921 21.3
*Texmaco Infrastructu 1 2003 12.7 24 14 7.4 0.6 0.20 0.1 2.4 2003 4.2 1.0 - - -8 - - 64.15 1 1.69 17.3 475 37.30 56/23 495 -
Unitech Ltd. 2 1903 523.3 27 508 -667.3 -2.6 - 0.4 - 1906 93.9 -78.9 1906Q 93.9 23 -78.9 -8 5.09 4 2.20 612.9 555 2.12 4/0 3564 -
Welspun Enterprises 10 2003 148.7* 117 1760 159.3 10.7 2.00 0.1 9.2 2003 450.4 48.8 - - 27 - - 50.33 0 7.42 50.7 958 64.45 136/33 1010 6.0
25 CONSUMER DURABLES
IND.COMPOSITE 382 39309 2057 40
Amber Enterprises 10 2003 31.4 344 3003 117.9 37.5 - 0.2 10.9 2003 1046.1 53.2 - - 61 - - 44.01 0 19.59 32.8 4866 1547.40 1690/750 4980 41.3
*Bajaj Electricals 2 2003 22.8* 121 4977 -0.1 -0.0 - 1.5 - 2003 1299.6 0.0 - - -25 - - 63.17 0 20.41 42.2 4582 402.75XR 525/260 6144 -
Blue Star 2 2003 19.3 88 4786 120.9 12.5 10.00 0.4 14.2 2003 1196.8 33.3 - - 9 - - 38.76 0 31.63 51.9 4873 506.00 887/425 5210 40.3
*Dixon Technologies 10 2003 11.6 444 3672 110.6 95.6 4.00 0.4 21.5 2003 762.9 30.4 - - 61 - - 36.17 0 33.70 37.8 6452 5576.75 6050/1831 6559 58.3
Eveready Industr 5 1903 36.3 52 1458 47.3 6.5 - 0.8 12.5 1912 317.4 90.6 1912N 986.7 -14 115.8 168 22.99 79 4.67 52.8 568 78.20 88/34 858 4.7
Hawkins Cookers 10 2003 5.3 264 674 72.5 137.1 - 0.2 51.9 2003 146.0 9.4 - - 13 - - 56.03 0 15.03 15.0 2190 4141.95 5540/2606 2183 30.2
IFB Industries 10 1903 40.5 153 2540 74.0 18.3 - 0.0 11.9 1912 698.6 14.3 1912N 2065.8 8 46.2 -32 74.96 0 10.74 23.6 1704 420.65 798/232 1616 32.8
*Johnson Controls-Hit 10 2003 27.2 253 2197 83.5 30.7 - 0.3 12.1 2003 432.9 7.2 - - 12 - - 74.25 0 17.00 15.2 6244 2296.30 3375/1475 6404 74.8
Symphony 2 2003 14.0 93 716 186.0 26.6 23.00 0.0 28.6 2003 154.0 45.0 - - 46 - - 74.99 0 15.46 25.6 6336 905.70 1407/690 6296 34.1
*TTK Prestige L 10 2003 13.9* 724 1937 198.5 143.2 20.00 0.0 19.7 2003 383.5 20.9 - - 2 - - 70.40 0 20.29 29.0 7835 5652.05XB 7051/3918 7772 39.5
Voltas Ltd. 1 2003 33.1 120 7358 569.9 17.2 4.00 0.0 14.4 2003 2082.7 176.6 - - 13 - - 30.42 0 49.69 121.8 18037 545.10 741/428 17913 31.6
*Whirlpool of Ind 10 2003 126.9 201 5993 476.3 37.5 5.00 0.0 18.7 2003 1353.6 87.4 - - 15 - - 0.00 0 57.53 61.2 25899 2041.35 2570/1343 24838 54.4
27 COURIERS
IND.COMPOSITE 48 3683 -14 23
Blue Dart Expres 10 2003 23.7 246 3166 -38.3 -16.1 - 0.2 - 2003 724.1 -23.8 - - 2 - - 74.99 0 13.55 16.9 4763 2007.30 3068/1875 4642 -
Gati Ltd. 2 1903 24.4 63 516 24.3 2.0 0.80 0.1 3.1 1912 115.6 -3.5 1912N 338.1 -13 -7.4 -137 7.79 34 4.94 92.7 566 46.40 75/32 618 -
28 CYCLES & ACCESSORIES
IND.COMPOSITE 19 4276 331 25
Tube Investments 1 2003 18.8 91 4276 330.6 17.6 3.50 0.3 19.3 2003 934.6 73.5 - - -18 - - 47.88 0 38.00 29.3 8382 446.15 577/255 8765 25.4
29 DIAMOND CUTTING/PRE CIO US META LS/JEWELLER Y
IND.COMPOSITE 647 73755 2019 48
Atlas Jewellery 10 1903 100.7 16 3 5.4 0.5 - 0.0 3.5 1912 0.7 0.9 1912N 1.7 -22 2.1 -72 49.67 0 0.00 5.9 447 44.40 77/9 446 -
PC Jeweller L 10 1903 395.0 100 8369 -2.8 -0.1 0.50 0.5 - 1912 1588.4 32.1 1912N 4061.7 -34 120.0 -68 46.44 0 4.30 248.2 672 17.02 49/8 2456 -
Rajesh Exports L 1 1903 29.5 155 42671 442.1 15.0 1.00 1.3 9.7 1912 11311.4 115.8 1912N 35356.9 11 333.0 -4 54.03 0 25.23 22.5 14079 476.85 802/465 5681 32.7
Renaissance Global 10 1903 18.9 246 1259 26.5 14.1 - 0.5 5.7 1912 444.7 5.4 1912N 1037.4 6 19.4 -38 67.31 0 0.00 7.3 410 217.00 409/188 603 17.3
Thangamayil Jeweller 10 1903 13.7 141 1443 30.3 22.1 5.00 0.8 15.7 1912 437.4 12.4 1912N 1323.8 21 37.1 61 67.44 15 8.45 4.4 355 258.80 485/217 457 8.0
*Titan Company 1 2003 88.8 77 20010 1517.6 17.1 4.00 0.4 22.2 2003 4428.8 356.8 - - 8 - - 52.90 0 28.60 322.9 85809 966.55 1390/720 87096 56.5

38 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
30 DIVERSIFIED
IND.COMPOSITE 488 34455 2156 29
3M India Ltd. 10 2003 11.3 1842 2765 219.0 194.4 - 0.0 10.6 2003 627.2 -25.8 - - 1 - - 74.99 0 9.26 30.1 21523 19105.60 25209/15686 21060 98.3
*Balmer Lawrie & 10 2003 171.0* 77 1530 177.2 10.4 7.50 0.0 13.4 2003 344.2 74.9 - - -9 - - 0.00 0 7.25 56.6 1941 113.50XB 141/70 1518 11.0
DCM Shriram 2 2003 31.2 263 7672 743.7 47.7 8.20 0.4 18.1 2003 1906.4 212.7 - - -1 - - 66.53 0 12.90 40.7 5265 337.65 590/176 6344 7.1
Grasim Inds. 2 2003 131.6* 573 18609 1270.0 19.3 5.50 0.1 3.4 2003 4312.5 357.1 - - -6 - - 40.26 0 36.38 233.9 40508 615.80 950/380 43369 31.9
Kesoram Industri 10 1903 142.6 37 3879 -254.3 -17.8 - 5.3 - 1912 559.6 -77.2 1912N 1863.9 -34 -44.0 84 53.13 45 3.73 87.0 495 34.70 74/17 3238 -
31 DYES & PIGMENTS
IND.COMPOSITE 167 9834 1341 15
Atul Ltd. 10 2003 29.7 5136 3906 640.2 215.8 27.50 0.0 4.2 2003 921.3 142.2 - - 2 - - 44.80 4 31.37 35.8 13292 4481.35 5447/3257 13264 20.8
*Bhageria Industries 5 U2003 21.8* 78 414 65.8 15.1 - 0.1 19.2 2003 100.9 13.9 - - -9 - - 70.48 0 0.14 10.6 514 117.85XB 155/66 502 7.8
Bodal Chemicals 2 1903 24.5 68 1379 144.1 11.8 0.80 0.2 17.3 1912 301.2 19.0 1912N 881.1 -17 72.1 -37 58.29 2 10.43 45.8 758 62.00 101/35 886 7.5
*Clariant Chemicals ( 10 2003 23.1 282 757 50.7 22.0 11.00 0.0 7.8 2003 169.5 15.4 - - -24 - - 51.00 0 5.08 37.9 867 375.60 478/192 832 17.1
Kiri Industries 10 1903 33.6 188 1062 120.0 35.7 2.00 0.2 19.0 1912 226.7 11.3 1912N 756.5 -0 50.2 -49 41.61 0 25.93 19.4 1454 432.35 533/188 1586 20.2
Sadhana Nitro 1 1903 9.3* 11 267 75.3 8.1 0.40 0.1 71.9 1912 28.1 6.2 1912N 94.0 -57 21.1 -73 100.00 0 0.00 7.6 316 33.95 50/16 314 17.5
*Sudarshan Chem. 2 2003 13.8 91 1518 148.7 21.5 6.30 0.4 23.5 2003 365.3 33.8 - - 8 - - 42.65 0 11.81 34.3 2711 391.60 506/286 2953 18.2
*Ultramarine Pig. 2 2003 5.8 104 306 62.0 21.2 5.00 0.0 20.5 2003 73.5 13.0 - - -1 - - 52.85 0 1.35 9.9 532 182.20 212/103 504 8.6
*Vidhi Specialty Food 1 2003 5.0 26 225 34.1 6.8 1.00 0.4 26.4 2003 65.1 10.2 - - -4 - - 64.27 0 0.33 11.0 369 73.85 80/39 393 10.8
32 EDIBLE OILS & SOLVENT EXTRACT ION
IND.COMPOSITE 195 18295 7893 6
Agro Tech Foods Ltd. 10 2003 24.4 167 835 33.9 13.9 3.00 0.0 8.3 2003 204.7 4.0 - - 1 - - 51.77 0 11.77 14.8 1262 517.95 738/350 1259 37.2
AVT Natural Prod 1 1903 15.2 17 330 21.1 1.4 0.40 0.2 8.1 1912 117.2 14.4 1912N 294.0 28 28.2 106 74.96 0 0.08 19.7 608 39.95 44/19 661 17.1
Guj. Amb.Exports 2 2003 22.9 116 3817 145.8 12.7 1.00 0.2 11.0 2003 898.2 54.5 - - 6 - - 63.80 0 2.81 37.8 1543 134.60 190/85 1737 10.6
Kavit Industries 10 1903 61.9 11 92 1.5 0.2 - 0.1 2.1 1912 17.2 1.2 1912N 41.8 24 2.9 181 43.02 0 0.29 5.5 617 99.70 129/35 622 -
Manorama Industries 10 1903 11.1 93 103 19.1 17.1 - 0.2 18.3 - - - - - - - - 44.22 0 0.09 0.4 490 440.00 515/188 464 -
*Ruchi Soya Inds. 2 U2003 59.2 108 13118 7672.0 259.3 - -1.6 240.7 2003 3191.0 -41.2 - - 4 - - 99.03 100 0.00 82.0 44592 1507.30 1507/3 51456 5.8
33 ELECTRIC EQUIPMENT
IND.COMPOSITE 840 50292 2695 26
ABB India 2 1912 42.4 166 7315 303.4 14.3 4.80 0.0 8.6 2003 1522.2 64.6 2003Q 1522.2 -18 64.6 -44 74.99 0 14.91 69.7 19360 913.60 1669/722 17887 52.5
ABB Power Products 2 1912 8.5* 198 3231 165.4 46.8 - 0.4 19.7 2003 811.5 29.2 2003Q 811.5 - 29.2 - 74.99 0 14.99 54.7 3557 839.30 858/714 3717 -
Bharat Electroni 1 1903 243.7 37 12085 1927.3 7.9 2.05 0.0 21.4 1912 2271.0 215.1 1912N 7115.3 -13 759.3 -40 51.13 0 40.90 286.6 20784 85.30 122/56 19900 14.6
Centum Electronics L 10 1903 12.9 169 496 58.0 45.0 5.00 0.9 26.7 1912 123.1 10.0 1912N 353.7 3 20.6 -53 58.80 0 7.90 7.4 392 304.15 575/180 562 11.1
CG Power and Indust 2 1903 125.3 40 5356 -1417.4 -22.6 - 0.7 - 1912 558.1 -126.7 1912N 2704.1 -31 -1614.8 -9924 0.00 0 45.94 141.0 495 7.89 31/5 2162 -
Crompton Greaves Con 2 2003 125.5 23 4512 494.7 7.9 - 0.3 33.7 2003 1018.1 99.8 - - 7 - - 26.19 66 57.19 105.4 14810 236.10 301/178 15017 29.9
Elpro Internl. 1 1903 16.9 16 56 86.2 5.1 - 0.5 31.6 1912 16.1 2.1 1912N 93.2 126 7.9 -91 73.75 18 14.30 4.0 661 39.00 54/28 772 -
*Genus Power Infrastr 1 2003 25.7 34 1060 93.7 3.6 - 0.3 10.6 2003 248.3 22.4 - - 8 - - 50.46 7 7.55 31.1 600 23.30 32/13 828 6.4
Havells India 1 2003 62.6* 69 9429 733.0 11.7 4.00 0.0 17.0 2003 2216.1 177.2 - - -1 - - 59.51 0 31.30 134.6 36631 585.15 807/447 35387 50.0
Igarashi Motors Indi 10 2003 31.5 134 534 29.9 9.5 1.20 0.1 7.1 2003 118.1 2.2 - - -10 - - 75.00 0 10.59 20.5 902 286.70 416/151 958 30.2
Olectra Greentech 4 1903 32.8 81 290 -13.6 -1.7 - 0.0 - 1912 105.5 4.8 1912N 328.9 70 16.3 214 61.49 16 3.06 17.3 596 72.60 235/41 464 -
Orient Electric 1 2003 21.2 17 2062 78.6 3.7 - 0.4 21.9 2003 563.1 35.8 - - 22 - - 38.51 16 24.97 30.3 4218 198.80 286/138 4312 53.7
*Schneider Electric 2 2003 47.8 0 1384 -29.6 -1.2 - 19.3 - 2003 229.6 -25.7 - - 5 - - 74.99 0 10.10 48.0 2066 86.40 114/58 2386 -
V-Guard Ind.Ltd. 1 2003 42.8 23 2482 185.2 4.3 0.90 0.0 18.6 2003 536.6 32.5 - - 6 - - 62.72 0 26.83 80.7 7501 175.15 260/149 7427 40.5
34 ELECTRIC EQUIPMENT - GENSETS/ TURBINES
IND.COMPOSITE 73 2137 193 19
*Honda Siel Power 10 2003 10.1 562 849 66.5 65.6 12.50 0.0 11.7 2003 195.7 4.8 - - 12 - - 67.66 0 10.59 15.4 1012 997.40 1360/702 951 15.2
TD Power Systems Ltd 10 2003 30.9 147 479 16.4 5.3 2.25 0.1 3.6 2003 144.8 7.1 - - 23 - - 58.54 0 20.09 7.9 369 119.45 190/72 311 22.5
*Triveni Turbine 1 2003 32.3 15 810 110.1 3.4 0.50 0.0 22.1 2003 152.5 9.8 - - 11 - - 67.78 0 27.79 28.5 2341 72.40 115/46 2328 21.3
35 ELECTRIC EQUIPMENT - T RANSFORMERS
IND.COMPOSITE 44 7992 181 10
*Apar Industries 10 2003 38.3 285 7060 139.0 36.3 9.50 0.2 12.8 2003 1715.8 26.3 - - 3 - - 59.68 0 29.23 23.2 1250 326.70 606/235 1227 9.0
Bharat Bijlee 10 1903 5.7 1331 932 41.5 73.5 12.50 0.3 5.5 1912 246.9 14.0 1912N 668.6 1 31.4 -1 33.45 0 16.53 18.6 457 807.90 1107/370 642 11.1
36 ELECTRODES - GRAPHITE
IND.COMPOSITE 78 5024 84 74
*Graphite India Ltd. 2 2003 39.1 195 2875 31.0 1.6 2.00 0.1 0.8 2003 548.0 25.0 - - -56 - - 65.26 0 13.26 216.4 3673 188.00 384/103 4002 118.5
*HEG Ltd. 10 2003 38.6 887 2149 53.4 13.8 25.00 0.2 1.6 2003 374.4 -366.0 - - -66 - - 59.61 0 18.46 154.7 3380 875.70 1568/413 3489 63.3
37 ENGINEERING
IND.COMPOSITE 685 61406 5748 22
*Ador Welding Ltd. 10 2003 13.6 198 526 28.3 20.8 6.50 0.2 10.5 2003 139.8 6.8 - - 7 - - 56.74 0 15.94 12.9 361 265.65 369/163 398 12.8
*Astra Microwave 2 2003 17.3 63 462 47.3 5.5 1.20 0.0 8.7 2003 172.5 10.9 - - 67 - - 10.05 0 12.48 38.2 860 99.35 109/46 840 18.2
Carborundum Uni. 1 2003 18.9 72 1651 191.3 10.1 2.75 0.0 14.0 2003 365.5 62.4 - - -3 - - 42.05 0 34.72 23.5 5167 272.80 379/175 5150 27.0
*Cummins India Lt 2 2003 55.4 151 5158 629.3 22.7 14.00 0.1 15.1 2003 1052.8 118.3 - - -5 - - 51.00 0 37.54 82.6 11382 410.60 788/282 10953 18.1
Dynamatic Techno 10 1903 6.3 815 592 32.3 50.9 2.00 1.0 6.2 1912 141.0 -172.9 1912N 444.1 1 -146.6 -681 48.77 15 25.43 8.5 401 633.10 1465/424 869 -
*Esab India 10 2003 15.4 219 698 71.4 46.4 70.00 0.0 21.1 2003 175.0 18.1 - - 7 - - 73.72 0 14.10 10.7 2160 1403.35 1727/870 2104 30.3
Forbes & Company Ltd 10 1903 12.9 182 227 10.3 8.0 5.00 0.5 4.4 1912 50.6 -0.1 1912N 151.2 -11 -6.1 -218 73.85 27 11.68 13.1 1292 1001.45 2284/642 1397 -
*Greaves Cotton 2 2003 46.2 38 1821 147.5 6.4 - 0.0 16.6 2003 359.6 10.0 - - 0 - - 54.82 0 29.05 77.6 2011 87.00 154/66 1969 13.6
Grindwell Norton 5 2003 55.4 106 1552 182.9 16.5 7.50 0.0 15.5 2003 357.7 44.7 - - 2 - - 58.32 0 20.56 16.9 5519 498.45 699/369 5289 30.2
Honeywell Automation 10 2003 8.8 2464 3290 491.5 555.9 75.00 0.0 22.6 2003 704.3 111.1 - - 9 - - 74.99 0 14.64 22.0 27545 31153.65 39500/20142 26320 56.2
*Ion Exchange (India) 10 U2003 14.7 323 1407 99.1 67.6 - 0.2 20.9 2003 327.9 28.9 - - 58 - - 27.00 0 7.16 20.9 1034 705.10 1071/502 828 10.4
Ircon Internatio 2 1903 94.1* 84 4415 444.7 9.5 4.31 0.6 11.3 1912 1132.2 138.4 1912N 3414.1 18 367.4 5 89.18 0 3.07 67.7 4253 90.45 120/58 3881 9.2
Kennametal India 10 1906 22.0 236 927 86.3 39.3 2.00 0.0 16.6 2003 166.5 8.5 2003N 554.1 -20 41.0 -40 75.00 0 13.90 8.0 1718 781.80 1227/601 1684 29.3
*Kirloskar Bros. 2 2003 15.9 123 2097 79.2 10.0 2.50 0.2 8.1 2003 573.9 30.1 - - 4 - - 65.94 0 13.67 16.6 956 120.40 201/76 1068 12.1
*Kirloskar Industries 10 U2003 9.7 1286 56 59.5 61.2 10.00 0.0 4.8 2003 24.6 23.5 - - -8 - - 73.11 0 14.42 16.0 668 687.95 865/355 657 11.2
*Kirloskar Oil Engine 2 2003 28.9 127 2877 170.4 11.8 4.00 0.0 9.3 2003 710.6 46.6 - - -8 - - 59.44 0 22.94 34.4 1604 110.90 199/70 1431 9.4
KSB Ltd 10 1912 34.8 224 1294 97.8 28.1 8.00 0.1 12.5 2003 257.0 15.5 2003Q 257.0 -11 15.5 -1 66.40 0 16.82 14.6 1662 477.40 764/386 1567 17.0
L&T Technology Serv 2 2003 20.9* 251 5181 790.0 75.6 21.00 0.0 30.1 2003 1324.1 190.7 - - 11 - - 74.62 0 13.24 95.5 13537 1294.95 1793/995 13388 17.1
Shakti Pumps (In 10 1903 18.4 148 523 31.4 17.1 5.00 0.6 11.5 1912 87.4 -9.6 1912N 275.9 -25 -14.0 -175 49.14 0 4.36 19.5 330 179.30 420/102 473 -

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 39

Databank Updated Information Updated as on June 26, 2020

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Siemens Ltd. 2 1909 71.2 254 13684 1086.9 30.5 7.00 0.0 12.0 2003 2820.1 172.1 2003H 5488.7 -14 434.8 -14 74.99 0 14.41 116.0 39741 1115.95 1717/947 34850 39.2
*Skipper Ltd. 1 2003 10.3 67 1391 41.5 4.0 0.10 0.7 6.0 2003 438.9 27.4 - - -34 - - 71.89 0 10.28 18.3 454 44.25 64/18 921 11.0
*Sterling and Wilson 1 2003 16.0 41 4535 311.4 19.4 - 2.7 47.1 2003 1474.9 178.4 - - -48 - - 77.21 48 15.37 33.3 3195 199.25 756/70 4055 10.3
*Sterling Tools L 2 2003 7.2 86 364 29.0 8.1 - 0.3 9.4 2003 85.8 8.2 - - -29 - - 65.76 0 8.05 7.1 622 172.75 256/105 705 21.4
Swaraj Engines 10 2003 12.1 194 773 71.0 58.6 40.00 0.0 30.1 2003 175.1 15.8 - - -12 - - 52.18 0 11.56 19.5 1737 1431.50 1480/807 1718 24.4
*Thermax 2 2003 23.8 230 3215 214.0 18.0 7.00 0.0 7.8 2003 739.4 41.1 - - 12 - - 61.98 0 25.34 33.5 9205 772.50 1180/644 9126 43.0
Va Tech Wabag Ltd. 2 1903 10.9 168 1748 102.4 18.7 - 0.4 11.2 1912 488.1 19.5 1912N 1254.9 -4 57.4 -10 24.67 12 29.99 71.8 621 113.60 352/73 957 6.5
Wendt India 10 2003 2.0 598 123 9.3 46.7 25.00 0.0 7.8 2003 22.8 -1.1 - - -9 - - 79.73 0 0.09 6.5 542 2709.25 3390/1590 532 58.0
WPIL Ltd. 10 1903 9.8 376 533 73.4 75.2 7.50 0.1 20.0 1912 81.1 14.3 1912N 271.5 -30 42.0 -32 69.37 0 7.78 8.4 384 393.55 908/218 412 7.2
Yuken India 10 1903 12.0 150 284 118.2 98.5 2.00 0.5 65.8 1912 47.9 3.2 1912N 162.3 -21 6.7 -33 52.50 0 0.17 6.1 479 399.05 685/211 563 4.2
38 ENGINEERING - HEAVY
IND.COMPOSITE 2708 66919 -5032 13
*Action Construction 2 2003 22.7 39 1156 52.6 4.6 0.50 0.1 11.9 2003 305.5 13.8 - - -18 - - 72.41 0 1.72 31.7 637 56.15 99/32 670 12.1
BEML Ltd. 10 1903 41.6 525 3481 63.5 15.2 7.00 0.2 2.9 1912 693.6 4.8 1912N 1962.4 -7 -118.0 -19 54.02 0 28.75 74.9 2689 645.60 1108/370 3058 60.7
Bharat Dynamics 10 1903 183.3 124 3069 422.6 23.1 6.92 0.0 18.6 1912 508.8 53.2 1912N 1659.8 -24 225.2 -25 87.75 0 7.50 107.8 5319 290.20 365/147 4949 15.2
*Bharat Heavy Ele 2 2003 696.4 84 21486 -1473.0 -4.2 1.05 0.1 - 2003 5049.3 -1534.1 - - -18 - - 63.17 0 27.17 584.2 12831 36.85 76/19 7881 -
Disa India Ltd. 10 2003 1.5 1128 224 28.6 196.4 2.50 0.0 17.4 2003 17.3 -1.8 - - 10 - - 74.82 0 9.90 3.3 503 3456.45 5800/2700 405 17.6
GMM Pfaudler Ltd 2 2003 2.9 185 516 62.1 42.5 7.00 0.0 22.9 2003 113.4 10.0 - - 35 - - 75.00 0 2.38 23.5 6123 4189.00 4700/1150 6094 98.5
*Hindustan Aeronautic 10 2003 334.4 395 21522 2857.0 85.4 33.25 0.4 21.6 2003 10322.9 1241.1 - - 14 - - 89.97 0 8.75 136.3 25504 762.70 896/448 29550 8.9
Inox Wind Ltd. 10 1903 221.9 91 1345 1.3 0.1 - 0.3 0.1 1912 198.4 -4.5 1912N 394.7 -65 -57.5 -278 74.99 0 2.43 48.6 908 40.90 73/16 1450 -
*ISGEC Heavy Eng 1 U2003 7.4 204 4894 153.1 20.8 - 0.1 10.2 2003 1301.1 25.7 - - 30 - - 62.36 0 12.23 11.9 1821 247.70 476/205 1804 11.9
Lakshmi Machines 10 2003 10.7 1550 1570 45.0 42.1 10.00 0.0 2.7 2003 391.2 7.0 - - -43 - - 30.94 0 19.44 37.4 3067 2871.05 5315/2001 2544 68.2
Praj Industries 2 2003 36.6* 38 942 64.7 3.5 2.70 0.0 9.2 2003 244.2 14.3 - - 13 - - 32.92 0 29.26 101.2 1187 64.80 145/43 1132 18.3
Stovec Indus. 10 1912 2.1 645 194 27.9 133.8 60.00 0.0 20.7 2003 42.1 4.6 2003Q 42.1 13 4.6 -29 71.06 0 0.04 6.6 431 2063.35 2450/1108 341 16.9
Suzlon Energy Ltd. 2 1903 1064.0 -13 2544 -7413.3 -13.9 - -0.7 - 1912 67.9 -1045.7 1912N 336.6 -81 -2401.9 -161 19.79 76 8.67 1001.9 2468 4.64 6/2 7581 -
Techno Electric&Eng 2 1903 22.0 128 989 181.6 16.5 - 0.0 12.9 1912 260.8 32.0 1912N 762.1 -5 173.5 15 60.18 0 29.95 6.3 2173 197.50 321/171 2145 10.6
*Texmaco Rail & Engin 1 2003 26.8* 39 1832 -65.8 -2.5 0.10 0.5 - 2003 433.7 -98.7 - - 32 - - 51.51 1 18.86 64.6 668 24.95 68/15 1207 -
The Anup Engineering 10 U2003 10.2 318 245 43.0 42.1 - 0.0 13.2 2003 70.1 8.4 - - -1 - - 41.70 0 18.36 100.7 390 382.60 676/219 397 9.1
Titagarh Wagons Ltd. 2 1903 23.1 69 910 -82.9 -7.2 0.30 0.2 - 1912 328.0 13.1 1912N 954.9 80 39.1 194 45.70 0 11.89 74.3 409 35.40 65/21 567 -
39 ENTERTAINMENT/MULTI MEDIA
IND.COMPOSITE 2271 27049 2208 18
Affle (India) 10 2003 25.5 65 182 32.9 12.9 - 0.0 19.9 2003 44.7 6.8 - - 51 - - 68.37 0 18.92 27.6 3851 1510.60 2296/751 3842 117.1
Balaji Telefilms Ltd 2 1903 20.2 100 440 20.1 2.0 0.40 0.0 2.0 1912 198.4 29.4 1912N 460.6 29 47.4 164 34.33 0 19.71 21.3 779 77.05 83/28 763 15.7
Den Networks Ltd. 10 2003 477.2 57 1195 86.3 1.8 - 0.1 3.2 2003 306.4 15.6 - - 12 - - 86.53 0 1.09 12.9 3730 78.15 98/26 3894 43.2
Dish TV India Ltd. 1 1903 184.1 29 3938 -1289.4 -7.0 0.50 0.1 - 1912 398.5 19.5 1912N 1100.9 -64 -89.9 -194 54.55 93 13.47 191.6 1587 8.62 35/4 2016 -
*Entertainment Networ 10 2003 47.7 193 541 14.6 3.1 1.00 0.0 1.6 2003 149.4 -2.2 - - -12 - - 71.15 0 21.39 11.8 737 154.55 445/101 715 50.6
GTPL Hathway 10 2003 112.5 62 1822 48.4 4.3 3.00 0.3 6.9 2003 492.5 -36.8 - - 121 - - 74.99 4 11.73 17.8 761 67.70 96/33 860 15.7
Hathway Cable & Data 2 2003 354.0 24 568 16.6 0.1 - 0.2 0.4 2003 151.3 13.1 - - 5 - - 94.09 0 2.88 35.2 5983 33.80 39/11 6682 -
*Inox Leisure 10 2003 102.9 60 1897 14.9 1.5 1.00 0.1 2.4 2003 371.6 -82.2 - - 26 - - 51.89 0 32.61 59.8 2517 244.70 511/158 2579 168.3
*Media Matrix Worldwi 1 2003 113.3 1 3 0.3 0.0 - 0.0 0.2 2003 0.8 -0.1 - - 0 - - 60.71 5 0.00 2.8 577 5.09 5/2 576 -
Music Broadcast 2 2003 69.1* 18 248 28.2 0.8 - 0.0 4.5 2003 45.9 -8.9 - - -17 - - 74.05 0 14.87 23.4 596 17.23XB 48/12 532 -
Prime Focus 1 1903 29.9 35 162 -33.3 -1.1 - 0.4 - 1912 34.3 -27.2 1912N 102.8 -9 -61.2 -88 34.95 13 11.47 9.8 803 26.85 93/17 1210 -
*PVR Ltd. 10 2003 51.3 285 3284 30.2 5.9 4.00 0.8 2.1 2003 623.5 -75.6 - - 32 - - 18.54 0 73.03 53.1 5269 1026.20 2121/720 6189 213.0
Saregama India Ltd. 10 2003 17.4 237 500 49.0 28.1 1.50 0.1 11.8 2003 105.5 22.8 - - -1 - - 59.05 0 9.05 23.0 755 433.25 565/185 813 15.4
*Sun TV Network Ltd. 5 2003 197.0 143 3404 1371.8 34.8 - 0.0 24.4 2003 735.2 250.0 - - -4 - - 74.99 5 16.16 57.3 16601 421.25 551/260 16130 12.1
TV Today Network Ltd 5 2003 29.8 146 856 140.2 23.5 22.25 0.0 16.1 2003 208.2 29.2 - - 19 - - 57.95 0 27.14 22.1 1142 191.35 345/128 852 8.1
*TV18 Broadcast 2 2003 342.9 16 1150 21.8 0.1 - 0.3 0.8 2003 300.7 10.2 - - 7 - - 60.40 0 14.92 127.9 6086 35.50 41/12 6915 -
Zee Entertainment En 1 1903 96.1* 74 6858 1655.0 17.2 3.50 0.1 23.2 1912 1852.9 333.9 1912N 5494.4 6 1043.7 -22 4.77 16 79.16 181.6 16924 176.20 406/114 16056 12.5
40 FAST MOVING CONSUME R GOODS
IND.COMPOSITE 4204 173753 32338 42
ADF Foods Ltd. 10 2003 20.0 115 182 31.5 15.7 3.00 0.0 13.6 2003 49.4 8.2 - - -8 - - 34.49 0 0.13 16.6 596 297.80 329/123 580 18.9
*Apex Frozen Foods 10 U2003 31.3 133 827 60.6 19.4 - 0.3 14.6 2003 140.7 9.2 - - -3 - - 72.62 0 9.52 37.3 811 259.60 445/132 907 13.4
*Bajaj Consumer Care 1 2003 14.8 46 844 190.6 12.9 2.00 0.1 28.1 2003 175.4 24.5 - - 1 - - 38.04 0 49.60 45.2 2216 150.20 345/118 2227 11.6
Britannia Ind. 1 2003 24.1* 178 10987 1484.3 61.7 35.00 0.0 34.7 2003 2691.9 381.2 - - 6 - - 50.63 0 28.09 183.4 83157 3456.95 3705/1151 83117 56.0
Colgate Palm. 1 2003 27.2 59 4525 816.5 30.0 28.00 0.1 51.2 2003 1071.3 204.2 - - 4 - - 50.99 0 26.15 213.5 37889 1393.05 1641/1065 37567 46.4
Dabur India 1 2003 176.7* 26 6310 1170.3 6.6 3.00 0.0 25.6 2003 1321.2 257.0 - - 7 - - 67.87 0 25.04 203.1 81054 458.60 525/385 81064 69.3
*DFM Foods Limi 2 2003 10.0* 29 508 24.4 4.9 - 0.7 16.8 2003 109.8 -1.2 - - 13 - - 73.94 0 1.04 11.4 929 185.30 334/150 982 38.0
*Emami Ltd. 1 U2003 45.4 52 2390 289.1 6.4 - 0.0 12.3 2003 460.4 -37.0 - - 1 - - 52.73 89 38.46 83.1 10002 220.35 357/141 9946 34.6
Future Consumer 6 1903 1152.7 7 2990 60.5 0.3 - 0.5 4.4 1912 675.3 14.8 1912N 2337.7 6 40.6 58 45.31 93 18.86 146.6 3610 18.79 42/5 4287 -
Gillette India Ltd. 10 1906 32.6 239 1862 252.9 77.6 44.00 0.0 32.5 2003 406.6 52.4 2003N 1328.1 -5 185.2 -11 74.99 0 11.45 37.8 16259 4989.70 8200/4420 16117 70.4
Godfrey Phillips Ind 2 1903 10.4 365 2477 241.0 46.3 10.00 0.0 12.7 1912 752.2 109.4 1912N 2262.5 21 339.6 65 72.19 0 13.86 21.7 5179 996.05 1480/675 5192 13.8
Godrej Agrovet L 10 2003 192.1* 82 5119 293.3 15.3 5.50 0.1 18.6 2003 1153.7 79.1 - - 18 - - 70.08 0 5.62 110.6 8765 456.35 598/265 8860 29.9
Godrej Consumer Prod 1 2003 102.2 50 5474 1179.9 11.5 7.50 0.0 23.0 2003 1113.9 240.3 - - 1 - - 63.23 1 29.44 170.7 70064 685.35 772/425 69967 59.4
Godrej Industries Lt 1 2003 33.7* 48 1969 30.8 0.9 - 1.8 1.9 2003 466.2 1.1 - - -9 - - 62.20 6 15.84 82.9 14178 421.30 508/234 16573 -
*Hatsun Agro Prod 1 2003 16.2 56 5308 112.3 6.9 4.00 0.9 12.4 2003 1266.4 8.0 - - 13 - - 73.58 5 9.81 13.6 10827 669.65 775/375 11527 96.4
Heritage Foods 5 2003 23.2 100 2681 -160.0 -34.5 1.00 0.3 - 2003 643.1 -210.3 - - 10 - - 39.90 0 19.38 22.0 1259 271.30 415/147 1440 -
*Hind. Food 10 2003 21.2 89 772 22.7 10.7 - 1.0 12.1 2003 247.7 7.1 - - 243 - - 62.62 0 14.01 8.7 1161 547.90 750/330 1220 55.3
Hindustan Unilever L 1 2003 235.0* 34 38785 6738.0 28.7 25.00 0.0 83.7 2003 9011.0 1519.0 - - 5 - - 61.90 0 18.36 514.6 506199 2154.45 2614/1660 502511 75.1
*ITC Ltd. 1 U2003 1229.2 58 45620 15136.0 12.3 - 0.0 21.3 2003 10842.3 3797.1 - - 7 - - 0.00 0 57.03 1302.2 239821 195.10 283/135 236061 15.8
Jubilant Foodworks L 10 2003 132.0 90 3886 275.5 20.9 6.00 0.0 23.3 2003 897.9 21.0 - - 12 - - 41.93 4 51.58 66.8 23379 1771.55 1973/1078 22890 84.9
Jyothy Labs 1 2003 36.7 20 1665 157.7 4.3 3.00 0.3 21.2 2003 382.3 26.0 - - 1 - - 62.88 9 30.47 96.3 4530 123.35 185/86 4657 28.7
Kaya L 10 1903 13.1 123 210 -4.0 -3.0 - 0.0 - 1912 54.8 -17.0 1912N 159.7 1 -28.0 -905 59.92 0 4.03 24.7 305 233.30 584/96 300 -
Marico Ltd. 1 2003 129.1* 27 5853 1006.0 7.8 6.75 0.0 28.7 2003 1188.0 227.0 - - -0 - - 59.59 0 33.19 170.9 44496 344.65 404/234 44288 44.2
Nestle India 10 1912 96.4 200 12369 1966.6 204.0 342.00 0.0 101.8 2003 3325.3 525.4 2003Q 3325.3 11 525.4 13 62.76 0 20.92 116.6 160741 16671.65 18301/11271 159166 79.1
P&G Hygiene&Health 10 1906 32.5 280 2947 419.1 129.1 88.00 0.0 46.1 2003 656.0 91.1 2003N 2367.5 3 363.9 2 70.63 0 15.65 36.2 33082 10191.40 12700/8500 32542 77.9
Parag Milk Foods 10 1903 84.1 98 2346 114.1 13.6 1.00 0.3 13.8 1912 623.1 26.9 1912N 1866.8 11 82.1 -4 46.20 48 21.23 47.7 901 107.15 276/49 1099 8.1

40 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Prabhat Dairy 10 1903 97.7 59 72 6.7 0.7 - 0.0 1.1 1912 192.5 4.5 1912N 304.8 -79 13.3 -16 50.09 60 8.20 17.2 692 70.85 92/41 684 -
*Prataap Snacks 5 2003 11.7 252 1226 30.9 13.2 1.00 0.0 5.2 2003 275.6 3.3 - - 17 - - 71.43 0 23.71 11.0 1470 626.85 975/435 1415 47.6
*Tamilnadu Petroprod 10 2003 90.0 50 1225 55.1 6.1 1.50 0.1 12.2 2003 260.4 2.0 - - 6 - - 34.54 0 9.42 77.9 315 35.00 48/19 270 5.7
Tasty Bite 10 2003 2.6 636 426 40.9 159.2 2.00 0.2 25.0 2003 115.1 8.5 - - 24 - - 74.23 0 3.61 5.9 3112 12126.15 13297/7443 3136 76.2
Vadilal Indus. 10 1903 7.2 178 507 31.5 43.8 1.25 1.0 15.5 1912 76.0 -6.7 1912N 439.0 7 47.9 38 64.72 0 0.33 12.6 388 539.60 899/394 508 8.7
VST Industries 10 2003 15.4 510 1239 304.1 196.9 103.00 0.0 38.6 2003 291.5 70.6 - - 15 - - 32.15 0 20.99 16.0 4854 3143.15 4856/2550 4817 16.0
Zydus Wellness Ltd. 10 2003 57.7 557 153 -40.7 -7.1 5.00 0.5 - 2003 34.3 -5.6 - - -46 - - 67.81 0 24.80 34.1 7348 1274.30 1859/1070 8872 -
41 FERRO ALLOYS
IND.COMPOSITE 29 1831 222 6
*Maithan Alloys Ltd. 10 2003 29.1 446 1831 221.9 76.2 6.00 0.0 17.1 2003 406.3 64.0 - - -1 - - 74.98 0 2.74 18.8 1256 431.55 623/291 1220 5.7
42 FERTILISERS
IND.COMPOSITE 3044 76784 3985 9
Chambal Fertilis 10 2003 416.2 94 12206 1224.3 29.4 4.00 2.5 31.3 2003 1969.1 203.7 - - 37 - - 59.79 25 23.34 118.6 6008 144.35 191/95 14140 4.9
Coromandel Internati 1 2003 29.3* 150 13117 1059.2 36.1 12.00 0.9 24.1 2003 2853.7 230.8 - - -3 - - 61.63 0 23.19 56.4 22110 754.25 769/337 24929 20.9
Deepak Fertilisers 10 1903 89.3 180 3149 7.9 0.9 3.00 0.4 0.5 1912 327.1 25.5 1912N 1247.7 -54 26.0 42 52.19 76 4.96 105.9 1050 117.65 127/57 1660 67.5
*FACT 10 U2003 647.1 -7 2770 975.5 15.1 - -1.6 - 2003 708.5 66.5 - - 40 - - 0.00 0 89.24 20.7 3268 50.50 55/22 5462 3.3
*GSFC 2 2003 79.7 171 7621 98.7 2.5 1.20 0.1 1.5 2003 1845.8 52.6 - - -10 - - 37.84 0 32.57 129.9 2204 55.30 98/30 3170 22.3
Gujarat Narmada Vall 10 1903 155.4 322 5896 741.2 47.7 7.00 0.0 14.8 1912 1277.7 111.8 1912N 3819.9 -14 260.1 -60 41.18 0 27.08 235.8 2501 160.90 258/96 2474 7.1
*Madras Fertilize 10 U2003 161.1 -40 1339 -69.9 -4.3 - -2.9 - 2003 508.0 62.2 - - -31 - - 95.41 0 0.21 31.8 320 19.87 32/9 1935 -
*Mangalore Chem. 10 2003 118.5 46 2711 64.6 5.4 0.50 3.4 11.8 2003 563.2 23.9 - - -12 - - 56.87 95 0.30 45.5 475 40.05 42/16 2089 7.4
Nagarjuna Fertilizer 1 1903 59.8 10 1940 -490.7 -8.2 - 2.3 - 1912 450.0 -112.0 1912N 1279.2 -11 -324.7 8 57.13 87 0.96 301.9 365 6.11 8/2 1561 -
National Fertilizers 10 1903 490.6 45 12245 298.4 6.1 1.86 2.9 13.4 1912 3737.3 107.8 1912N 9946.3 9 68.3 -69 74.71 0 13.79 57.6 1491 30.40 41/15 7874 10.0
Rashtriya Chemicals 10 2003 551.7 58 9698 208.2 3.8 2.84 1.1 6.5 2003 2606.0 142.3 - - 7 - - 75.00 0 4.75 170.6 2587 46.90 66/22 5893 12.4
SPIC 10 U2003 203.6* 17 2079 56.9 2.8 - 1.1 16.4 2003 515.1 28.5 - - -27 - - 41.49 0 3.63 65.8 430 21.12 24/10 719 7.6
*Zuari Agro Chemicals 10 2003 42.1 28 2013 -189.0 -44.9 - 7.5 - 2003 398.5 320.7 - - -49 - - 65.04 34 6.11 24.5 435 103.50 158/45 3672 -
43 FINANCE - BANKS - PRIV ATE SEC TOR
IND.COMPOSITE 18697 430439 3 4230 25
Au Small Finance Ban 10 U2003 306.4* 119 4286 674.8 22.0 - 2.9 18.6 2003 1183.5 122.3 - - 50 - - 30.94 7 44.10 98.1 17499 571.10 1218/366 25301 25.9
Axis Bank Ltd. 2 U2003 564.4* 236 62635 1627.2 5.8 - 2.3 2.4 2003 16234.1 -1387.8 - - 15 - - 15.69 0 69.05 559.0 119950 425.05 819/285 237627 73.7
Bandhan Bank 10 U2003 1610.3* 72 10885 3023.7 18.8 - 0.0 26.0 2003 2846.3 517.3 - - 67 - - 60.95 0 21.88 309.1 54427 338.00 650/152 51070 18.0
*City Union Bank 1 U2003 73.7 72 4169 476.3 6.5 0.27 0.1 8.9 2003 1041.7 -95.3 - - 12 - - 0.00 0 52.87 107.5 9169 124.35 249/110 7656 19.2
CSB Bank 10 U2003 173.5* 104 1510 12.7 0.7 - 0.0 0.6 2003 388.9 -59.7 - - 13 - - 49.73 0 11.33 52.0 3254 187.60 314/95 2529 -
DCB Bank 10 U2003 310.4* 92 3537 337.9 10.9 - 0.9 10.8 2003 901.9 68.8 - - 19 - - 14.88 0 58.13 169.0 2536 81.70 244/58 3942 7.5
Dhanlaxmi Bank 10 U2003 253.0 27 988 65.8 2.6 - 0.3 8.0 2003 242.9 2.6 - - 2 - - 0.00 0 12.40 77.4 392 15.51 19/7 35 6.0
Federal Bank 2 U2003 398.7* 67 13211 1542.8 7.7 - 0.6 11.6 2003 3396.8 301.2 - - 17 - - 0.00 0 69.28 362.9 10655 53.45 110/36 12017 6.9
HDFC Bank 1 U2003 549.0* 320 114813 26257.3 47.8 2.50 0.8 15.0 2003 29885.1 6927.7 - - 17 - - 21.23 0 47.46 1286.1 579554 1055.60 1304/739 649875 22.1
ICICI Bank 2 U2003 1295.2* 163 74798 7930.8 12.2 2.27 1.6 7.3 2003 19188.7 1221.4 - - 21 - - 0.00 0 71.39 1101.3 226011 349.00 552/269 353473 28.5
IDFC First Bank 10 U2003 5672.3 29 15867 -2864.2 -5.0 - 3.9 - 2003 3955.9 71.5 - - 43 - - 40.00 0 22.73 948.2 15230 26.85 48/18 81064 -
IndusInd Bank 10 U2003 693.6* 381 28783 4417.9 63.7 - 1.8 16.5 2003 7386.6 301.8 - - 32 - - 0.00 26 80.63 302.9 34148 492.35 1596/236 71508 7.7
Jammu & Kashmir Bank 1 1903 71.3 85 7676 464.9 6.5 - 0.4 7.0 1912 2067.4 49.6 1912N 6290.2 12 -845.3 -438 68.17 0 15.39 101.4 1413 19.81 53/11 -838 -
Karnataka Bank 10 U2003 310.9* 173 6475 431.8 13.9 - 0.6 7.5 2003 1639.2 27.3 - - 11 - - 0.00 0 23.44 198.9 1345 43.25XB 98/34 1258 3.1
Karur Vysya Bank 2 U2003 159.9 83 5990 235.0 2.9 2.23 0.2 3.5 2003 1456.2 83.7 - - 4 - - 2.11 22 44.37 143.5 2934 36.70 72/18 1564 12.5
Kotak Mahindra Bank 5 U2003 989.4* 283 26930 5947.2 30.1 - 0.8 10.6 2003 6804.7 1266.6 - - 15 - - 29.92 0 51.80 334.3 265348 1340.95 1740/1000 286719 44.6
Lakshmi Vilas Ba 10 1903 336.7 51 2840 -894.1 -26.6 2.02 0.5 - 1912 520.4 -334.5 1912N 1751.7 -19 -928.9 -48 6.80 35 17.93 89.8 797 23.68 74/10 65 -
RBL Bank 10 U2003 508.7* 206 8514 505.7 9.9 1.50 1.6 4.8 2003 2208.2 114.4 - - 41 - - 0.00 0 55.56 208.0 9694 190.55 662/102 16687 19.2
*South Indian Ban 1 U2003 181.0 29 7764 104.6 0.6 - 1.0 1.9 2003 1947.7 -143.7 - - 14 - - 0.00 0 26.38 440.6 1598 8.83 13/5 2839 -
Ujjivan SmallFinance 10 U2003 1728.2 13 2704 349.9 2.0 - 2.7 15.5 2003 737.5 73.2 - - 52 - - 83.32 0 10.03 137.9 5245 30.35 63/23 8965 15.0
YES Bank Ltd. 2 U2003 2510.1 10 26067 -16418.0 -13.1 0.48 4.0 - 2003 5221.3 2628.6 - - -4 - - 1.41 2 71.02 2044.1 33573 26.75 115/6 131199 -
44 FINANCE - BANKS - PUBL IC SECTOR
IND.COMPOSITE 66596 633090 - 21614 14
Bank of Baroda 2 U2003 924.1 101 75984 546.2 1.2 - 1.5 1.2 2003 18698.4 506.6 - - 56 - - 71.59 0 18.52 889.3 23958 51.85 133/36 64497 43.9
Bank of India 10 U2003 3276.9 120 42353 -2956.9 -9.0 - 1.1 - 2003 10528.0 -3571.4 - - 6 - - 89.09 0 6.21 333.4 16778 51.20 96/30 31782 -
*Bank of Maharash 10 U2003 5824.1 16 11495 388.6 0.7 - 1.8 4.2 2003 2806.3 57.6 - - 8 - - 92.48 0 4.09 195.7 6674 11.46 17/8 8904 -
*Canara Bank 10 U2003 1453.5 194 48935 -2235.7 -15.4 - 1.4 - 2003 12047.4 -3259.3 - - 6 - - 0.00 0 60.09 475.9 15182 104.45 297/74 26255 -
Central Bank 10 1903 5709.8 36 22639 -5641.5 -9.9 - 0.3 - 1912 6028.9 155.3 1912N 17633.4 3 407.7 113 92.38 0 4.66 173.4 11300 19.79 26/10 -4240 -
IDBI Bank Ltd. 10 U2003 10380.6 20 20825 -12887.3 -12.4 - 1.5 - 2003 5598.4 135.4 - - -8 - - 98.10 0 0.16 384.6 41315 39.80 41/18 73872 -
Indian Bank 10 U2003 1129.4* 150 21405 753.4 6.7 - 0.7 3.8 2003 5492.7 -217.7 - - 12 - - 83.45 0 9.03 110.2 7510 66.50 269/42 7946 10.0
Indian Overseas 10 U2003 16437.0* 15 17406 -8527.4 -5.2 - 0.4 - 2003 4442.2 143.8 - - -1 - - 95.83 0 1.84 273.9 21664 13.18 13/6 17517 -
Punj. & Sind Ban 10 1903 701.1 83 8559 -543.5 -7.8 - 0.5 - 1912 1940.6 -255.5 1912N 6025.2 -8 -754.5 -56 83.06 0 6.89 119.4 1204 17.18 29/9 -1023 -
*Punj. NationlBak 2 U2003 1882.1* 45 53800 336.2 0.4 - 1.0 0.7 2003 13859.0 -697.2 - - 4 - - 83.19 0 9.99 779.9 34396 36.55 83/26 41593 -
SBI 1 U2003 892.5 236 257324 14488.1 16.2 - 2.1 6.2 2003 62681.4 3580.8 - - 8 - - 56.91 0 33.71 2446.1 164748 184.60 374/150 390833 11.4
*UCO Bank 10 U2003 9918.3 14 15134 -2436.8 -2.5 - 0.7 - 2003 3742.4 16.8 - - 8 - - 94.44 0 2.42 318.6 16008 16.14 22/8 15509 -
Union Bank of In 10 U2003 8066.6* 38 37231 -2897.8 -3.6 - 1.8 - 2003 9289.4 -2503.2 - - 9 - - 86.74 0 7.65 299.5 27265 33.80 87/23 49333 -
45 FINANCE - HOUSING
IND.COMPOSITE 3239 124522 13711 13
*Aavas Financiers 10 2003 78.3* 268 902 249.1 31.8 - 2.0 11.9 2003 234.4 59.9 - - 32 - - 53.46 0 37.09 21.7 10525 1343.80 2078/846 13499 42.2
*Can Fin Homes 2 2003 26.6 161 2030 376.1 28.2 0.40 9.4 17.5 2003 528.8 90.9 - - 18 - - 29.98 0 12.22 72.2 4712 353.85 519/254 20986 12.5
*Dewan Housing 10 U2003 313.8 -176 9322
-13612.3 -433.8 - 11.6 - 2003 2387.6 -7634.9 - - -30 - - 39.20 100 6.59 335.5 504 16.07 87/8 91211 -
GIC Housing Fi 10 1903 53.9 233 1225 171.8 31.9 5.50 9.3 13.7 1912 312.1 14.2 1912N 934.3 4 19.2 -85 42.40 0 13.34 53.9 478 88.70 282/52 12084 6.8
HDFC 2 2003 346.9* 497 58739 17769.7 102.4 21.00 4.8 20.6 2003 11975.7 2232.5 - - 47 - - 0.00 0 88.71 475.1 307000 1769.85 2500/1473 670669 17.3
*HUDCO 10 U2003 2001.9 63 7532 1708.4 8.5 - 5.5 13.5 2003 1888.5 441.0 - - 39 - - 89.80 0 2.89 270.6 5575 27.85 46/18 65083 3.3
Indiabulls Housing F 2 1903 85.5 404 15407 3729.3 87.2 40.00 5.6 21.6 1912 2973.5 377.2 1912N 8920.5 -19 1466.4 -49 22.87 0 49.00 242.6 9729 227.55 745/81 91912 4.2
*LIC Housing Fi 2 2003 100.9 360 19697 2401.8 47.6 8.00 10.5 13.2 2003 4920.2 421.4 - - 16 - - 40.31 0 46.31 238.1 13671 270.90 587/186 181343 5.7
*PNB Housing Finance 10 2003 168.2 473 8478 682.3 40.6 - 9.7 8.6 2003 1919.9 -263.1 - - 23 - - 32.65 0 28.13 101.1 3744 222.60 803/146 71577 5.5
Repco Home Finance L 10 1903 62.6 244 1189 234.6 37.5 2.50 6.1 15.4 1912 340.0 69.7 1912N 999.9 13 232.7 27 37.13 0 53.02 22.0 840 134.25 394/91 10060 3.0

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 41

Databank Updated Information Updated as on June 26, 2020

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
46 FINANCE - OTHERS
IND.COMPOSITE 56172 20591 0 41720 25
*5Paisa Capital 10 2003 25.5* 54 108 -7.9 -3.1 - 2.0 - 2003 35.3 -1.8 - - 79 - - 34.58 0 18.03 14.5 597 234.30 260/93 576 -
Aditya Birla Capital 10 2003 2413.9* 39 200 29.9 0.1 - 0.2 0.3 2003 98.7 51.5 - - 2 - - 70.48 0 14.74 509.0 15485 64.15 115/37 16920 -
Arman Financial Serv 10 1903 8.5 58 47 6.4 7.5 1.40 3.2 13.0 1912 18.5 5.4 1912N 51.5 58 16.1 219 27.65 0 0.34 7.0 400 472.90 1120/287 541 22.9
Arnold Holdings 2 1903 30.1* 3 16 0.3 0.0 - 0.2 0.5 1912 6.5 -0.9 1912N 14.1 41 0.0 105 6.58 0 0.00 1.2 458 30.45XS 38/5 460 -
Bajaj Finance L 2 2003 120.3* 529 23823 4881.1 81.1 10.00 4.4 15.3 2003 6511.1 891.6 - - 38 - - 56.20 0 32.04 354.9 174763 2904.30 4923/1783 260873 35.8
*Bajaj Finserv Ltd. 5 2003 79.6 222 780 666.9 41.9 5.00 0.0 18.9 2003 343.6 318.1 - - 12 - - 60.80 0 14.85 171.2 94701 5950.90 10297/3986 94641 142.0
*Bajaj Holdings & Inv 10 2003 111.3 961 2164 1826.9 164.1 40.00 0.0 17.1 2003 1299.6 1106.2 - - -5 - - 49.90 0 18.07 51.3 30086 2703.30 3949/1472 30076 16.5
Balmer Lawrie Invest 10 1903 22.2 76 0 75.9 34.2 34.00 0.0 45.1 1912 2.3 1.5 1912N 84.6 11 82.1 11 59.67 0 6.41 11.7 860 387.60 444/270 727 10.3
*Bengal & Assam Compa 10 2003 11.3 710 176 125.4 111.0 15.00 0.7 15.6 2003 63.7 56.3 - - 265 - - 72.65 0 2.21 26.7 1668 1476.65 1849/855 2124 13.3
BF Investment Ltd. 5 1903 18.8 360 49 43.3 11.5 - 0.0 3.2 1912 9.6 5.9 1912N 42.9 26 32.9 2 73.38 0 1.57 20.6 1170 310.50 377/152 1161 25.2
BSE 2 2003 9.0 481 518 173.7 38.6 17.00 0.0 8.0 2003 122.8 1.6 - - -9 - - 0.00 0 32.41 176.7 2041 453.20 619/275 1801 11.7
*Capital India Fin 10 2003 77.7 69 105 30.4 3.9 0.10 0.3 5.6 2003 26.4 3.6 - - 140 - - 73.03 0 0.00 0.7 737 94.80 163/56 843 24.3
*Capri Global Capital 2 2003 35.0 85 578 135.7 7.7 0.20 1.5 9.2 2003 145.4 28.9 - - 26 - - 74.93 0 3.43 4.4 2819 160.95 230/115 4876 20.8
Centrum Capital 1 U2003 41.7* 12 17 29.2 0.7 - 0.3 5.8 2003 9.3 26.7 - - -71 - - 38.13 49 0.42 18.6 809 19.42 29/8 974 -
*Cholamandalam Financ 1 2003 18.8 60 91 83.3 4.4 0.63 0.0 7.5 2003 28.6 25.4 - - 68 - - 48.79 0 35.97 20.2 5806 309.30 568/222 5694 69.7
*Cholamandalam Invest 2 2003 163.9* 100 8653 1052.4 12.8 1.70 8.2 12.9 2003 2151.3 42.7 - - 27 - - 51.64 0 39.23 68.6 16515 201.50 349/117 63407 15.7
*CreditAccess Grameen 10 2003 144.1* 185 1683 327.5 22.7 - 2.1 12.3 2003 460.9 22.8 - - 29 - - 79.94 0 14.24 41.7 7471 518.60 1001/306 11722 22.8
Dolat Investment 1 2003 17.6 12 87 71.0 4.0 0.10 0.0 32.3 2003 23.7 21.7 - - -24 - - 74.48 0 0.25 8.5 891 50.60 84/27 887 12.5
*Ebixcash World Money 10 2003 11.1 129 5906 39.2 35.2 - 0.5 27.3 2003 849.9 13.3 - - -30 - - 89.93 0 0.00 7.8 499 448.05 594/240 465 12.7
Edelweiss Fin. Ser 1 1903 93.5* 35 303 102.9 1.1 1.40 0.1 3.1 1912 3.1 -13.1 1912N 195.9 -19 84.3 5 32.88 19 35.59 162.4 5317 56.90 179/30 5667 49.9
*Embassy Office Parks 300 2003 22912.1 288 852 481.4 6.3 - 0.0 2.2 2003 231.4 78.1 - - - - - - 0 0.00 - 26644 348.86 518/301 22362 55.4
*Equitas Holdings Ltd 10 2003 341.8* 51 18 7.7 0.2 - 0.0 0.4 2003 4.4 1.0 - - -14 - - 0.00 0 63.11 297.6 1890 55.30 131/33 1712 -
Finkurve Financial S 1 1903 12.7* 7 15 0.9 0.1 - 6.6 1.1 1912 3.7 1.0 1912N 8.3 -30 2.3 5 55.36 0 0.00 1.0 381 30.00 55/27 473 -
*General Ins. Corp. 5 U2003 877.2 179 758 -359.1 -2.0 - 0.0 - 2003 1445.9 1197.4 - - -128 - - 85.78 0 12.15 257.3 27167 154.85 334/82 14319 -
*Geojit Financial 1 2003 23.8 16 285 37.7 1.6 1.50 0.0 10.1 2003 76.7 16.5 - - 5 - - 62.21 0 2.34 37.8 844 35.40 38/15 639 22.4
*HDFC AMC 5 2003 106.4* 189 2003 1262.4 59.3 28.00 0.0 31.3 2003 476.1 249.8 - - 7 - - 79.60 0 9.39 418.8 52970 2488.70 3844/1888 52938 42.0
*HDFC Life Insurance 10 2003 2019.2* 34 1629 1295.3 6.4 - 0.0 19.1 2003 537.7 311.7 - - 13 - - 63.69 0 27.14 530.8 109419 541.90 646/339 108179 84.5
*ICICI Lombard Gen. 10 2003 454.5* 135 2009 1193.8 26.3 3.50 0.1 19.5 2003 593.5 281.9 - - 10 - - 55.85 0 36.56 241.9 57393 1262.85 1440/806 57477 48.1
ICICI Pru Life 10 2003 1435.9* 50 2648 1068.8 7.4 0.80 0.0 14.8 2003 986.7 179.5 - - 54 - - 74.98 0 18.87 336.9 60745 423.05 538/222 60084 56.8
*ICICI Securities 5 2003 161.1* 37 1706 536.7 16.7 11.00 0.4 45.0 2003 480.2 154.0 - - -6 - - 79.22 0 14.60 125.2 15234 472.90 525/191 12565 28.4
IDFC L 10 U2003 1596.4 62 153 64.2 0.4 3.15 0.0 0.7 2003 -12.9 -70.4 - - 6 - - 0.00 0 46.81 412.7 3081 19.30 41/13 3078 -
IFCI Ltd. 10 1903 1896.0 25 2157 -443.8 -2.3 - 3.4 - 1912 488.1 313.5 1912N 1496.7 -12 311.8 177 61.02 0 13.26 518.1 1589 8.38 11/3 16338 -
*IIFL Finance 2 2003 75.7 95 2608 148.8 3.9 4.50 0.0 4.1 2003 774.7 16.7 - - -53 - - 24.93 0 20.45 38.4 2998 79.25 213/58 2997 37.6
*IIFL Securities 2 2003 63.9 22 596 142.6 4.5 2.00 0.2 19.9 2003 158.0 58.7 - - -17 - - 29.76 0 19.95 42.3 1408 44.05 63/19 528 9.9
*IIFL Wealth Manage 2 2003 17.4* 267 216 193.5 22.2 - 0.2 8.3 2003 92.8 42.9 - - -31 - - 22.92 0 21.39 22.2 8829 1012.50 1659/710 9237 47.7
Indiabulls Ventures 2 U2003 115.1* 77 306 246.0 4.3 2.25 0.4 5.6 2003 136.4 121.2 - - 30 - - 31.90 0 26.14 83.2 6366 110.65 343/64 7034 25.9
Indian Energy Exchan 1 2003 30.0 13 257 177.9 5.9 2.50 0.0 45.6 2003 69.3 47.2 - - -5 - - 0.00 0 63.25 68.7 5572 186.00 203/111 5504 31.3
*Indostar Capital Fin 10 2003 123.2* 221 1470 -340.1 -27.6 - 2.9 - 2003 306.1 -419.8 - - 37 - - 60.61 0 23.07 95.7 3449 280.00 371/166 11270 -
*IRB InvIT Fund 98 2003 5921.1* 97 598 461.1 7.6 - 0.3 7.8 2003 145.7 112.8 - - -6 - - - 0 0.00 - 2311 38.05 67/25 3715 5.0
*JM Financial Ltd. 1 2003 95.2* 27 257 127.3 1.3 0.20 0.0 4.9 2003 88.9 55.7 - - 74 - - 62.05 0 25.08 53.3 7001 73.55 126/56 6987 55.0
*JSW Holdings 10 2003 11.1 6364 121 104.1 93.8 - 0.0 1.5 2003 11.8 9.6 - - 14 - - 61.58 18 26.22 18.6 2177 1961.05 3000/1259 2167 20.9
*Kalyani Investment 10 U2003 4.4 8456 47 42.6 97.6 - 0.0 1.1 2003 18.6 15.8 - - -19 - - 73.60 0 0.82 17.4 583 1335.15 1873/686 583 13.7
Kama Holdings Ltd. 10 1903 6.5 863 38 37.7 58.5 15.00 0.0 6.8 1912 0.0 -0.4 1912N 21.0 10 19.8 0 74.99 0 0.05 5.1 3025 4687.35 6390/3100 3024 80.2
*L&T Finance Holdings 10 2003 2004.9* 39 475 266.8 1.3 0.90 0.3 3.4 2003 400.5 339.8 - - -58 - - 63.72 0 15.81 539.2 13793 68.80 134/46 14958 51.7
*M&M Fin.Services 2 2003 123.6 184 10098 906.4 14.7 - 4.8 8.0 2003 2636.9 220.9 - - 19 - - 51.18 0 39.48 77.7 10931 176.95 416/125 62820 12.1
*Magma Fincorp Ltd. 2 2003 53.9* 93 2178 -10.0 -0.4 - 4.6 - 2003 519.4 -35.4 - - -0 - - 24.39 0 66.51 21.1 816 30.26 138/13 11633 -
*Manappuram Finance 2 2003 169.0* 63 4311 1230.3 14.6 1.65 2.9 23.0 2003 1187.8 339.8 - - 24 - - 35.04 2 47.92 139.7 13219 156.40 195/76 25510 10.7
*Mas Financial Servic 10 2003 54.7 190 682 178.2 32.6 8.00 2.2 17.1 2003 172.6 35.7 - - 23 - - 73.58 0 12.25 19.3 3669 671.25 1269/448 5320 20.6
*Max Financial Servic 2 2003 53.9* 85 495 272.5 10.1 - 0.0 11.9 2003 229.8 66.5 - - -11 - - 28.31 95 59.58 59.7 13891 515.30 611/280 13888 51.0
Max Ventures and Ind 10 U2003 146.6 58 30 11.4 0.8 - 0.0 1.3 2003 8.7 2.7 - - 21 - - 49.67 0 30.87 33.5 507 34.60 61/25 393 -
MCX 10 2003 51.0 303 370 208.5 40.9 30.00 0.0 13.5 2003 104.6 57.1 - - 21 - - 0.00 0 71.89 115.1 6317 1238.65 1442/779 6280 30.3
Motilal Oswal Financ 1 2003 14.8 187 1269 196.8 13.3 4.00 0.5 7.1 2003 397.6 -109.2 - - 5 - - 69.76 0 14.33 33.1 9010 608.50 904/426 9865 45.8
*Muthoot Capital 10 2003 16.4 308 586 60.5 36.8 - 2.9 11.9 2003 146.9 13.9 - - 15 - - 62.61 0 19.32 11.4 631 383.80 815/222 1908 10.4
*Muthoot Finance 10 2003 401.0 289 8715 3018.3 75.3 15.00 2.7 26.1 2003 2400.3 815.1 - - 26 - - 73.42 0 21.44 67.5 43709 1089.90 1284/478 68807 14.5
Nalwa Sons Investmen 10 1903 5.1 808 27 29.3 57.1 - 0.0 7.1 1912 3.0 0.2 1912N 37.9 51 15.3 -47 55.61 23 5.06 19.6 331 644.40 1100/411 331 20.8
NBI Industrial Fin 5 1903 1.2 476 8 6.1 24.8 0.25 0.0 5.2 1912 0.2 0.1 1912N 4.2 -27 3.6 -18 60.03 0 3.75 5.3 389 1585.00 1860/1067 384 73.2
Network 18 Media & I 5 2003 523.5 11 111 -471.8 -4.5 - 1.2 - 2003 25.7 -48.8 - - 8 - - 74.99 0 4.43 69.3 4292 41.00 50/15 6391 -
*Nippon LifeAM Ltd. 10 2003 612.1 42 1132 412.3 6.7 5.00 0.0 16.2 2003 254.5 11.9 - - -20 - - 75.91 0 11.97 163.6 19135 312.60 453/201 18644 46.4
*Oswal Green Tech 10 2003 256.8 93 18 71.5 2.8 - 0.0 3.0 2003 3.8 29.1 - - -10 - - 64.32 0 9.70 193.2 385 15.00 16/6 381 5.4
Paisalo Digital L 10 1903 42.3 154 318 56.8 13.4 1.00 1.5 8.7 1912 89.7 20.2 1912N 255.7 -2 55.6 -4 27.73 0 17.09 2.1 930 220.00 471/144 1867 17.0
Pilani Investmen 10 1903 7.9 5584 49 33.4 42.2 25.00 0.1 0.8 1912 32.7 15.2 1912N 114.4 140 70.7 111 57.54 0 2.56 6.2 1109 1402.75 2305/910 1354 15.7
*PNB Gilts Ltd. 10 2003 180.0 58 882 186.4 10.4 3.00 9.3 17.9 2003 276.1 99.0 - - 68 - - 74.06 0 0.38 40.9 664 36.90 40/22 8792 3.6
*Power Finance Co 10 U2003 2640.1 185 33363 5655.1 21.4 9.50 6.8 11.6 2003 9552.4 1435.0 - - 11 - - 55.99 0 39.32 228.5 23787 90.10 139/74 304871 4.2
*PTC India Financial 10 2003 642.3 33 1364 110.0 1.7 0.45 5.3 5.2 2003 332.8 7.1 - - 4 - - 64.99 0 3.86 111.9 848 13.20 18/7 11727 7.7
*Rane Holdings Ltd. 10 2003 14.3 322 97 50.8 35.6 8.00 0.0 11.1 2003 19.5 8.8 - - -9 - - 46.37 0 18.46 10.2 648 453.55 1080/288 661 12.7
*REC 10 2003 1974.9 178 29791 4886.2 24.7 11.00 7.1 13.9 2003 7839.4 435.7 - - 15 - - 52.63 0 39.00 300.5 22257 112.70 170/79 264982 4.6
Religare Enterprises 10 1903 258.1 62 9 -146.1 -5.7 - 0.2 - 1912 1.6 -7.8 1912N 1.6 -57 -284.1 -606 0.87 68 23.74 41.1 1110 43.00 61/17 1412 -
*Satin Creditcare 10 2003 52.0 279 1400 156.3 30.0 - 4.6 10.8 2003 375.0 12.5 - - -1 - - 30.18 20 33.95 10.2 458 88.05 318/46 3971 2.9
*SBI Cards and Pay 10 2003 939.0 57 9276 1244.8 13.3 1.00 3.8 23.3 2003 2433.2 83.5 - - - - - 69.54 0 7.86 1961.8 61206 651.85 769/495 74080 -
*SBI Life Insurance 10 2003 1000.0* 87 1939 1422.2 14.2 - 0.0 16.3 2003 909.4 530.7 - - 12 - - 62.79 0 31.60 321.1 78428 784.25 1030/520 76008 55.1
*Shriram City Uni 10 2003 66.0 1092 5884 1000.5 151.6 6.00 3.5 13.9 2003 1449.5 153.1 - - 2 - - 33.91 0 33.31 8.2 4593 695.85 1748/617 25879 4.6
*Shriram Trans.Fi 10 2003 226.9 794 16562 2501.8 110.3 5.00 5.6 13.9 2003 4168.4 223.4 - - 8 - - 26.24 0 67.35 56.5 15998 705.10 1367/440 99930 6.4
*Spandana Sphoorty Fi 10 2003 64.3 406 1409 336.7 52.4 - 1.6 12.9 2003 421.1 77.5 - - 27 - - 62.58 0 16.33 7.4 3568 554.75 1400/404 6165 10.6
SREI Infrastructure 10 1903 503.1 59 1878 94.7 1.9 0.50 4.1 3.2 1912 34.8 4.3 1912N 80.4 -94 11.4 -86 60.79 0 8.16 73.2 442 8.78 20/4 12511 -

42 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*Summit Securities 10 U2003 10.9 515 31 25.5 23.4 - 0.0 4.5 2003 17.7 13.3 - - 18 - - 74.64 0 2.51 51.7 360 330.00 530/203 357 14.1
*Sundaram Finance 10 2003 111.1 499 3842 723.9 65.2 13.00 5.0 13.1 2003 941.9 130.9 - - 19 - - 35.64 0 21.27 27.3 15695 1412.65 1781/1020 39862 21.7
*Sundaram Finance Hol 5 2003 75.6 82 92 61.4 4.1 1.25 0.0 4.9 2003 36.2 27.9 - - 49 - - 52.92 0 10.28 24.7 740 49.00 89/35 739 -
*Tata Investment 10 2003 50.6 1576 149 118.6 23.4 18.00 0.0 1.5 2003 15.9 10.7 - - -15 - - 73.38 0 3.93 33.5 3897 770.20 1025/592 3880 32.8
*The Investment Trust 10 2003 51.0 83 186 -5.6 -1.1 - 0.9 - 2003 26.8 -0.5 - - -27 - - 73.84 0 4.22 2.9 509 99.80 146/60 847 -
The New India Assur 5 1903 824.0 142 690 579.8 3.5 1.50 0.0 2.5 1912 1300.3 483.0 1912N 2384.5 134 1291.1 52 0.00 0 92.88 101.2 18795 114.05 179/75 9191 18.4
*Ugro Capital 10 2003 70.5 131 97 19.5 2.8 - 0.0 2.1 2003 31.6 20.4 - - 179 - - 4.28 0 13.83 1.3 769 109.00 234/75 322 39.4
*Ujjivan Financial 10 2003 121.6* 148 11 8.8 0.7 0.80 0.0 0.5 2003 0.0 -2.9 - - 45 - - 0.00 0 48.55 85.4 2885 237.20 415/125 2762 -
Vardhman Holdings 10 1903 3.2 1885 32 30.2 94.8 5.00 0.0 5.0 1912 9.1 6.6 1912N 39.9 39 35.1 39 74.89 0 4.02 8.6 383 1201.00 2065/710 381 9.6
47 GLASS
IND.COMPOSITE 186 6485 227 30
*Asahi India Glass 1 2003 24.3 55 2601 159.9 6.6 1.00 1.1 11.9 2003 591.1 55.8 - - -7 - - 54.27 8 2.61 47.9 4449 183.00 277/118 5845 27.8
*Borosil Renewables 1 2003 11.4 29 271 0.5 0.0 0.25 0.0 0.1 2003 94.3 4.1 - - 23 - - 70.49 0 2.17 62.2 1622 142.20 224/28 1652 32.8
Empire Inds. 10 1903 6.0 396 526 43.8 73.1 25.00 0.9 18.5 1912 159.7 4.4 1912N 429.8 18 19.0 -51 72.55 0 14.35 5.5 340 566.05 890/469 523 14.3
Hind. NationalGl 2 2003 17.9 -14 2286 -103.0 -11.5 - -86.8 - 2003 537.0 -28.4 - - -1 - - 70.72 97 6.89 4.3 322 35.95 49/17 2019 -
*HLE Glasscoat 10 2003 12.9 59 387 38.2 29.5 4.50 0.3 50.1 2003 99.2 10.8 - - 33 - - 74.24 0 0.00 5.5 1263 976.50 1119/160 1267 37.8
La Opala RG Ltd. 2 1903 22.2 48 278 74.0 6.7 1.20 0.0 14.0 1912 80.2 25.4 1912N 206.2 0 70.6 22 65.64 0 21.47 17.3 2060 185.60 233/132 2057 23.8
Saint-Gobain Sekurit 10 2003 91.1 14 135 13.4 1.5 - 0.0 10.4 2003 26.0 2.4 - - -9 - - 75.00 0 1.30 26.8 487 53.50 64/26 474 36.3
48 GRANITES/MARBLES
IND.COMPOSITE 6 146 7 18
Pokarna Ltd. 2 1903 6.2 45 146 6.9 2.2 0.12 0.3 5.0 1912 22.7 0.6 1912N 65.0 -37 -0.8 -116 56.66 0 11.26 13.5 347 111.95 181/47 384 -
49 HORTICULTURE AND FL ORI CULTURE
IND.COMPOSITE 133 4478 534 15
Advanced Enzyme Tech 2 2003 22.3 33 247 58.0 5.2 0.08 0.1 15.6 2003 68.4 16.0 - - 8 - - 57.88 0 19.99 53.1 1924 172.25 207/91 1941 33.2
Kaveri Seed Company 2 2003 12.1 163 883 251.3 41.6 3.00 0.0 25.6 2003 51.9 9.4 - - 15 - - 55.52 0 31.74 28.7 3407 564.75 635/274 3402 13.6
*Nath Bio-Genes 10 2003 19.0 293 280 50.5 26.6 - 0.1 9.1 2003 60.6 7.6 - - 22 - - 41.79 46 9.02 23.7 640 336.55 427/126 676 12.7
Trescon L 10 1903 65.5 14 24 0.1 0.0 - 0.1 0.1 1912 0.0 -0.0 1912N 0.0 -100 1.3 -51 59.69 0 0.01 4.8 510 77.90 86/55 507 -
Venky's (India) Ltd. 10 1903 14.1 626 3043 174.1 123.6 8.00 0.3 19.8 1912 880.2 -5.9 1912N 2600.2 17 69.6 -52 56.10 0 2.36 52.3 1590 1128.85 1943/580 1666 16.0
50 HOSPITALS AND MEDIC AL SERVICES
IND.COMPOSITE 1990 18599 1712 38
*Apollo Hospitals 5 2003 69.6 287 9794 470.3 33.8 - 0.8 11.8 2003 2572.2 205.6 - - 17 - - 30.81 37 61.69 60.3 19306 1387.70 1814/1047 22082 41.1
*Aster DM Healthcare 10 2003 499.5 59 760 60.6 1.2 - 0.2 2.1 2003 193.1 0.2 - - 33 - - 37.87 0 17.32 84.7 6276 125.65 181/79 6675 103.6
Dr. Lal Pathlabs Ltd 10 2003 83.3 122 1274 223.2 26.8 12.00 0.0 22.0 2003 287.5 35.3 - - 13 - - 56.77 0 29.94 60.5 12996 1559.30 1846/1032 12518 58.2
*Fortis Healthcare 10 2003 755.0 118 702 513.3 6.8 - 0.2 5.8 2003 167.8 8.1 - - 9 - - 31.16 0 51.56 103.8 9320 123.45 169/112 10735 18.2
Healthcare Global En 10 1903 88.7 72 641 7.2 0.8 - 0.6 1.1 1912 173.0 -4.3 1912N 517.6 9 -9.8 -331 23.89 0 54.69 10.0 1078 121.60 163/63 1466 -
Indraprastha Med 10 2003 91.7 29 831 43.6 4.8 - 0.1 16.3 2003 200.5 6.5 - - 7 - - 50.99 0 0.12 36.6 529 57.70 65/27 522 12.1
*KMC Speciality Hospi 1 2003 16.3 3 96 11.7 0.7 - 0.2 23.2 2003 23.2 2.8 - - 19 - - 75.00 0 0.00 53.3 355 21.75 27/10 356 -
*Kovai Medical 10 2003 10.9 394 712 94.6 86.4 3.00 1.0 21.9 2003 177.8 33.5 - - 14 - - 50.79 0 4.06 7.3 743 679.40 862/501 987 7.9
Metropolis Healthcar 2 2003 10.1* 101 665 112.1 22.1 - 0.0 21.9 2003 163.2 29.8 - - 18 - - 56.89 34 22.23 21.5 7119 1404.60 2110/950 7110 63.5
*Narayana Hrudayalaya 10 2003 204.4 57 2239 67.7 3.3 1.00 0.4 5.8 2003 525.0 5.2 - - 12 - - 63.85 0 29.01 34.7 5589 273.50 389/201 5994 82.5
*Shalby 10 2003 108.0 75 484 28.0 2.6 0.50 0.1 3.4 2003 105.5 -16.9 - - 9 - - 79.44 0 4.32 54.4 771 71.40 123/40 754 27.6
Thyrocare Tech. 10 2003 52.8 72 400 79.3 15.0 5.00 0.0 21.0 2003 93.6 -18.1 - - 12 - - 66.01 0 25.45 34.4 2671 505.50 689/407 2662 33.7
51 HOTELS AND RESORTS
IND.COMPOSITE 1668 7866 501 25
*Chalet Hotels L 10 2003 205.0 76 977 81.6 4.0 - 1.0 5.3 2003 222.7 23.8 - - 5 - - 71.41 32 27.35 2.9 2782 135.70 395/99 4056 34.1
*EIH Associated 10 2003 30.5 113 249 38.0 12.5 - 0.0 11.0 2003 70.6 10.7 - - -0 - - 74.99 0 13.20 5.9 724 237.55 409/164 687 19.1
EIH Ltd. 2 1903 114.3 50 1543 113.3 2.0 0.90 0.2 4.0 1912 422.0 75.0 1912N 999.3 -10 108.9 8 35.24 0 20.34 50.0 3772 66.00 188/55 4198 31.0
HLV L 2 1903 126.1 4 154 -118.9 -1.9 - 2.9 - 1912 43.7 201.2 1912N 108.1 -80 210.4 336 47.27 81 2.31 82.0 342 5.43 10/3 1081 -
India Tourism De 10 1903 85.8 41 350 42.2 4.9 2.10 0.0 11.9 1912 103.7 10.1 1912N 246.7 -3 11.3 -47 87.02 0 2.71 12.5 1833 213.75 419/105 1544 57.2
*Indian Hotels Co 1 2003 118.9 39 2743 401.4 3.4 0.29 0.3 8.8 2003 718.3 92.3 - - 5 - - 40.75 0 44.90 138.0 9704 81.60 163/62 10863 24.2
Lemon Tree Hotels 10 2003 792.2 13 270 32.2 0.4 - 0.3 3.1 2003 62.1 7.7 - - 4 - - 31.23 34 40.56 35.5 1949 24.60 71/14 2220 -
Mahindra Holidays 10 2003 133.6 13 977 -108.2 -8.1 3.33 0.0 - 2003 240.7 -169.2 - - 8 - - 67.30 0 20.44 30.8 2367 177.25 252/122 2340 -
Oriental Hotels 1 2003 17.9 18 290 -3.8 -0.2 0.20 0.0 - 2003 71.1 -0.2 - - -14 - - 62.32 6 12.28 18.9 363 20.35 45/13 311 -
*Taj GVK Hotels & Res 2 2003 12.5 66 313 23.9 3.8 - 0.4 5.8 2003 76.0 4.1 - - 3 - - 74.98 0 11.36 26.1 992 158.25 223/82 1151 41.6
*Westlife Development 2 2003 31.1 31 0 -0.3 -0.0 - 0.0 - 2003 0.1 -0.1 - - -47 - - 59.12 0 28.69 15.5 5075 326.00 500/257 5074 -
52 INFRASTRUCTURE - GE NERAL
IND.COMPOSITE 3265 10004 798 22
Bharti Infratel Ltd. 10 2003 1849.6 75 6738 1746.6 9.4 10.50 0.0 12.6 2003 1681.1 406.4 - - -2 - - 53.51 0 45.60 51.1 40830 220.75 296/121 40834 23.4
GMR Infrastructure L 1 1903 603.6 19 1101 -1034.3 -1.7 - 0.5 - 1912 261.7 -219.7 1912N 802.0 -1 -661.7 -215 65.31 76 24.30 367.7 12313 20.40 27/14 18526 -
MEP Infrastructure 10 1903 183.4 45 1869 30.1 1.6 0.30 0.4 3.7 1912 309.5 -71.3 1912N 1122.8 -20 -91.2 -408 65.46 94 12.38 15.6 365 19.90 45/9 619 -
RattanIndia Infra 2 1903 276.5 5 0 -0.8 -0.0 - 0.0 - 1912 0.0 -0.7 1912N 0.0 - -1.4 -29 74.74 0 9.14 72.5 507 3.67 4/1 492 -
Sadbhav Infrastructu 10 1903 352.2 39 295 56.5 1.6 0.50 1.1 4.1 1912 54.5 -21.5 1912N 164.3 -26 -17.8 -136 70.07 82 11.79 10.0 581 16.50 80/11 2107 -
53 IRON AND STEEL
IND.COMPOSITE 8177 332111 21362 6
APL Apollo Tubes 10 1903 24.9 406 5868 126.4 50.8 14.00 0.6 12.5 1912 1603.3 42.3 1912N 4548.3 10 89.6 13 38.40 0 13.68 27.2 3891 1564.40 2217/1025 4458 28.5
Beekay Steel Indus 10 1903 19.1 208 960 98.3 51.5 2.00 0.3 24.8 1912 220.6 13.4 1912N 602.0 -22 62.7 -23 69.20 0 0.00 2.0 365 191.55 365/142 480 4.6
Gallantt Ispat Ltd. 1 1903 28.2 27 1229 130.2 4.6 0.05 0.3 17.0 1912 244.8 2.6 1912N 782.5 -15 23.7 -77 63.09 0 0.00 3.3 861 30.50 40/16 1099 16.9
Godawari Power & Isp 10 1903 35.2 306 2875 213.3 60.5 - 1.2 19.8 1912 716.8 21.1 1912N 2124.6 1 94.5 -44 67.42 33 3.30 19.1 607 172.20 267/81 1823 4.3
Indian Metal & F 10 1903 27.0 429 1634 11.0 4.1 5.00 0.6 0.9 1912 397.5 4.3 1912N 1232.9 3 -18.1 -121 58.68 0 0.73 37.8 445 165.00 244/92 1067 -
Jai Corp Ltd. 1 1903 17.8 58 623 22.1 1.2 0.50 0.2 2.1 1912 128.8 3.2 1912N 421.8 -12 22.7 -12 73.00 0 7.12 82.3 1600 89.65 122/43 1824 84.4
Jindal Saw 2 1903 64.0 199 9829 500.1 15.6 2.00 0.6 7.8 1912 2702.1 119.7 1912N 7636.1 10 568.7 64 63.02 4 13.06 58.6 1954 61.10 103/40 5784 2.7
Jindal St & Pwr 1 2003 102.0 232 26228 617.7 6.1 - 0.8 2.6 2003 5930.3 281.7 - - -0 - - 60.47 75 25.31 172.2 15637 153.30 202/62 33131 25.3
Jindal Stainless 2 2003 97.4 55 12320 152.9 3.1 - 1.5 5.8 2003 2904.0 -22.0 - - 1 - - 68.10 82 20.47 60.3 1820 37.35 47/22 4736 11.9
*Jindal Stainless (Hi 2 2003 47.2 78 8340 320.3 13.6 - 1.3 17.4 2003 2030.3 93.8 - - -4 - - 57.66 88 26.00 52.4 1528 64.75 91/30 3510 4.8
JSW Steel 1 2003 241.7 158 64262 5291.0 21.9 2.00 0.9 13.8 2003 15277.0 242.0 - - -14 - - 42.71 40 21.51 601.1 46556 192.60 297/133 72761 8.8
*Kalyani Steel 5 U2003 21.8 235 1199 137.1 31.4 - 0.0 13.3 2003 271.7 23.0 - - -15 - - 64.71 0 5.73 46.4 945 216.40 269/92 906 6.9

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 43

Databank Updated Information Updated as on June 26, 2020

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*Kirloskar Ferrou 5 2003 68.9* 52 1850 112.4 8.2 2.00 0.2 15.6 2003 448.2 57.5 - - -13 - - 59.34 0 13.56 48.6 979 71.00 87/37 1089 8.7
Maha. Seamless 5 1903 33.5 476 3061 262.4 39.2 6.00 0.2 8.2 1912 560.4 76.0 1912N 2038.8 -2 363.8 29 62.92 0 10.15 22.8 1521 226.95 460/185 1949 4.4
Mishra Dhatu Nig 10 1903 187.3 45 711 130.6 7.0 2.19 0.1 15.6 1912 206.9 60.5 1912N 509.2 36 119.3 137 74.00 0 19.49 42.8 4016 214.35 278/109 3924 20.1
*Monnet Ispat & Energ 10 2003 469.5 32 2638 -488.2 -10.4 - 1.9 - 2003 617.3 -104.3 - - 50 - - 67.45 24 23.32 33.3 675 14.38 25/8 2660 -
Mukand Ltd. 10 1903 141.4 74 3588 -84.1 -5.9 - 2.1 - 1912 622.4 -45.0 1912N 2091.7 -24 -118.5 -91 74.35 13 3.78 36.0 352 24.90 50/12 2518 -
Prakash Indus. 10 1903 171.3 167 3588 539.2 31.5 1.20 0.2 18.8 1912 738.6 30.0 1912N 2326.3 -14 100.1 -76 42.10 60 3.75 86.4 626 36.55 66/19 1168 2.8
*Ratnamani Metals 2 2003 9.3 366 2583 307.5 65.8 12.00 0.0 18.0 2003 629.1 67.3 - - -6 - - 60.16 0 21.92 11.6 4867 1041.60 1384/716 4791 15.8
*Sarda Energy & Miner 10 2003 36.0 480 1424 182.3 50.6 5.00 0.2 10.5 2003 280.6 5.2 - - -12 - - 72.49 0 0.32 20.0 621 172.25 269/98 891 3.4
Srikalahasthi Pipes 10 2003 46.7 303 1663 187.7 40.2 7.00 0.3 13.3 2003 398.5 50.7 - - 10 - - 48.14 31 15.81 32.8 859 184.05 234/90 748 4.6
Steel Authority 10 1903 4130.5 92 66967 2178.8 5.3 0.50 1.1 5.7 1912 16541.3 -429.6 1912N 45488.8 -6 -703.6 -141 0.00 0 70.12 396.4 12619 30.55 53/20 53833 -
*Sunflag Iron 10 U2003 180.2 57 1758 92.6 5.1 - 0.3 9.0 2003 417.5 43.9 - - -18 - - 50.56 0 0.13 54.9 692 38.40 48/21 948 7.5
*Surya Roshni Ltd 10 2003 54.4 228 5469 102.2 18.8 2.00 1.0 8.2 2003 1338.4 29.6 - - -3 - - 62.90 21 3.47 25.1 689 126.60 235/62 1818 6.7
*Tata Metaliks 10 2003 28.1 327 2051 166.0 59.1 2.50 0.1 18.1 2003 521.6 77.0 - - -2 - - 55.06 0 18.62 52.7 1392 495.80 688/311 1402 8.4
Tata Steel 10 1903 1126.5* 625 70611 10533.2 93.5 13.00 0.4 14.9 1912 15262.0 1803.8 1912N 46224.5 -10 7180.6 -11 34.41 3 42.03 896.9 36487 323.90 516/251 64703 3.8
Tata Steel BSL 2 2003 218.7 161 18199 -649.2 -5.9 - 33.7 - 2003 4273.7 -2.4 - - -9 - - 72.65 0 11.10 105.7 2220 20.30 33/15 36083 -
*Tata Steel Long Prod 10 2003 45.1* 447 3490 -516.3 -114.5 - 0.0 - 2003 1008.3 -133.3 - - 236 - - 75.91 0 6.35 43.7 1143 253.40 558/161 795 -
Technocraft Industri 10 1903 24.5 306 1151 102.4 41.8 - 0.7 13.7 1912 306.1 31.3 1912N 909.9 8 87.0 -1 74.67 0 3.65 10.3 630 257.60 450/144 1088 6.2
Usha Martin Ltd. 1 2003 30.5 20 1393 395.4 13.0 - 12.7 64.3 2003 306.4 -2.7 - - -14 - - 51.66 50 9.41 43.4 616 20.22 35/11 3515 1.6
*Welspun Corp 5 2003 130.4 60 4253 268.1 10.3 10.50 0.4 17.2 2003 1430.9 53.8 - - -25 - - 49.02 0 19.22 56.5 2171 83.20 234/55 2711 8.1
*Welspun Specialty 6 2003 317.7* -2 295 -81.4 -1.5 - -1.7 - 2003 54.7 -31.6 - - -37 - - 49.81 51 0.00 79.3 475 8.97 14/4 672 -
54 LAMINATES
IND.COMPOSITE 59 5653 328 16
*Century Plyboards 1 U2003 22.2 51 2283 158.2 7.1 - 0.5 14.0 2003 524.2 38.8 - - 5 - - 73.04 0 15.10 54.2 2676 120.45 182/95 3122 16.9
*Greenlam Industries 5 2003 12.1 203 1227 92.6 38.4 4.00 0.5 18.9 2003 297.1 27.9 - - 8 - - 54.89 0 18.13 5.9 1973 817.45 1055/450 2166 21.3
*Greenpanel Industrie 1 2003 12.3 57 860 16.2 1.3 - 0.7 2.3 2003 236.4 6.7 - - 51 - - 53.09 0 29.31 19.1 487 39.70 61/24 968 30.1
Greenply Industr 1 1903 12.3 27 1284 61.3 5.0 0.40 0.4 18.5 1912 319.5 18.6 1912N 970.4 -26 57.2 -22 52.01 0 33.70 19.7 1086 88.60 195/70 1199 12.9
55 LEATHER
IND.COMPOSITE 138 6783 633 48
Bata India 5 2003 64.3 148 3053 326.9 25.4 4.00 0.0 17.2 2003 619.7 37.6 - - 8 - - 52.95 0 32.07 177.6 17041 1325.90 1897/1017 16202 52.1
Mirza International 2 1903 24.1 51 1152 48.8 4.1 0.90 0.6 8.0 1912 397.4 21.5 1912N 1011.3 17 40.6 -2 70.42 0 0.19 42.2 545 45.30 72/27 876 11.4
Relaxo Footwears 1 2003 24.8* 51 2410 226.3 9.1 1.25 0.1 17.8 2003 540.6 51.8 - - 13 - - 70.97 0 9.37 68.6 15805 636.65XB 830/393 15889 69.9
Sreeleathers Ltd. 10 1903 25.2 115 168 31.1 12.4 - 0.0 10.7 1912 42.6 6.7 1912N 138.1 7 23.2 -14 66.37 0 3.00 6.2 332 131.95 202/87 326 12.2
56 LOGISTICS
IND.COMPOSITE 781 11779 621 23
Aegis Logistics Ltd. 1 U2003 34.0 25 860 24.7 0.7 1.70 0.2 3.0 2003 235.4 34.5 - - 15 - - 59.56 0 15.16 51.2 6277 184.80 267/108 6400 -
Allcargo Logistics 2 1903 49.1 55 1508 190.8 7.8 3.50 0.3 14.2 1912 373.6 159.6 1912N 1191.0 5 204.0 19 70.01 0 16.81 53.0 1958 79.70 123/52 2090 8.6
Apollo TriCoat Tubes 2 2003 6.1 66 663 42.3 13.9 - 0.4 21.2 2003 228.9 11.1 - - 10194 - - 62.52 0 6.06 8.1 1193 392.30 503/173 1247 28.2
Arshiya 2 1903 51.6 67 131 -35.2 -1.4 - 0.4 - 1912 57.1 2.2 1912N 178.6 117 13.3 144 49.17 100 1.58 9.4 308 11.93 31/7 1003 -
Future Supply Chain 10 1903 43.9 138 1113 65.2 14.8 1.25 0.4 10.8 1912 283.1 -42.2 1912N 894.4 -1 -30.0 -161 47.89 98 18.40 28.3 748 170.40 632/81 848 -
Gateway Distriparks 10 2003 108.7 66 370 61.0 5.6 4.50 0.8 8.5 2003 69.8 35.1 - - 13 - - 30.17 20 56.67 32.7 936 86.05 141/73 1524 15.3
Mahindra Logistics L 10 2003 71.6* 76 3261 55.1 7.7 1.50 0.0 10.1 2003 747.1 9.7 - - -7 - - 58.44 0 28.91 52.9 2033 284.10 495/199 1963 36.9
Navkar Corporation L 10 1903 150.5 117 483 52.8 3.5 - 0.2 3.0 1912 144.3 15.1 1912N 411.2 17 36.6 -14 69.02 9 7.93 37.6 420 27.90 43/13 813 9.0
Snowman Logistics Lt 10 2003 167.1 25 240 -15.0 -0.9 - 0.1 - 2003 61.0 -1.2 - - 4 - - 40.25 0 0.37 66.6 518 31.00 46/25 574 -
TCI Express 2 2003 7.7 88 1032 89.1 23.2 4.00 0.0 26.4 2003 237.9 19.0 - - 5 - - 66.91 0 10.92 27.3 2572 670.50 950/491 2561 28.9
*VRL Logistics Ltd. 10 2003 90.3 68 2119 90.1 10.0 7.00 0.2 14.6 2003 497.8 2.1 - - 2 - - 68.05 0 26.10 32.9 1503 166.40 300/121 1621 16.7
57 LPG BOTTLING/DISTRI BUTION
IND.COMPOSITE 264 14551 2036 16
*Confidence Petroleum 1 2003 27.4 16 986 49.6 1.8 - 0.2 11.5 2003 249.5 3.8 - - 20 - - 53.58 1 6.86 27.4 542 19.80 37/13 583 10.9
Gujarat Gas 2 2003 137.7 48 10300 1193.3 17.3 1.25 1.0 36.3 2003 2666.6 245.8 - - 33 - - 60.89 0 16.85 67.3 21127 306.90 319/154 22907 17.7
*Mahanagar Gas 10 2003 98.8 299 3264 793.5 80.3 35.00 0.0 26.9 2003 752.7 166.6 - - 21 - - 32.49 0 48.30 120.3 10638 1076.95 1247/666 10339 13.4
58 LUBRICANTS
IND.COMPOSITE 516 6746 1164 16
Castrol India 5 1912 494.6 14 3877 827.4 8.4 5.50 0.0 60.5 2003 688.0 125.2 2003Q 688.0 -30 125.2 -32 0.00 0 61.57 192.8 12685 128.25 162/90 11942 16.5
GOCL Corporation 2 1903 9.9 78 99 27.9 5.6 4.00 0.0 7.2 1912 23.8 0.6 1912N 71.8 1 2.1 -85 74.93 0 3.86 31.2 907 183.00 350/111 877 55.6
*Gulf Oil Lubricants 2 2003 10.0* 152 1644 202.5 40.4 14.00 0.5 26.6 2003 359.7 35.9 - - 1 - - 72.28 0 17.37 48.5 3083 614.95 901/450 3073 15.2
*Tide Water Oil 5 2003 1.7 1931 1127 105.7 303.4 250.00 0.0 15.7 2003 252.9 23.4 - - -1 - - 57.27 0 11.81 21.8 1436 4119.80 5200/2654 1282 13.6
59 MEDIA - PRINT
IND.COMPOSITE 482 9905 911 7
*DB Corp 10 2003 175.0 96 2224 274.9 15.7 10.00 0.0 16.3 2003 486.7 24.1 - - -7 - - 71.65 40 21.26 22.6 1359 77.70 202/59 1278 4.9
DIC India 10 1912 9.2 325 791 18.4 20.1 4.50 0.2 6.2 2003 173.3 2.4 2003Q 173.3 -13 2.4 -58 71.75 0 0.00 7.1 315 343.30 450/242 334 20.8
Gala Global Products 5 1903 27.3 7 100 3.4 0.6 - 0.1 9.2 1912 22.7 0.7 1912N 91.1 10 2.8 17 71.54 4 0.00 3.5 306 56.00 102/32 309 -
*Hindustan Media Vent 10 2003 73.7 206 796 119.0 16.1 - 0.0 7.8 2003 176.6 27.6 - - -5 - - 74.39 0 15.43 11.4 375 50.90 98/36 364 3.1
HT Media 2 1903 46.5 70 1302 -138.9 -6.0 0.40 0.8 - 1912 352.4 -26.5 1912N 969.0 -0 -179.6 -55 69.50 0 8.82 32.6 325 13.95 32/8 1524 -
Jagran Prakashan 2 2003 56.2 49 1772 262.3 9.3 - 0.2 19.1 2003 384.4 28.0 - - -5 - - 65.02 0 24.77 44.8 1170 41.60 110/36 1432 4.5
Kokuyo Camlin 1 1903 10.0 25 689 15.2 1.5 - 0.7 6.1 1912 149.9 -2.2 1912N 489.6 -1 4.7 -56 74.98 0 0.49 17.9 598 59.65 93/37 756 -
MPS Ltd. 10 2003 18.6 184 188 52.8 28.3 50.00 0.0 15.4 2003 45.2 12.2 - - -17 - - 67.77 0 6.80 13.3 517 277.85 612/156 484 9.8
*Navneet Education 2 2003 45.8 42 1442 219.3 9.6 3.00 0.3 22.7 2003 207.2 16.2 - - 11 - - 62.37 0 20.54 29.9 1828 79.85 114/45 2104 8.3
Repro India Ltd. 10 1903 12.1 227 261 26.7 22.1 - 0.5 9.7 1912 62.5 4.5 1912N 198.8 3 17.5 -9 52.66 0 18.97 6.3 486 402.05 740/260 612 19.5
*Sandesh 10 2003 7.6 1027 341 58.4 77.1 5.00 0.0 7.5 2003 82.4 12.7 - - -16 - - 74.81 0 0.00 5.2 392 517.75 752/380 368 6.7
60 MEDICAL - OTHERS
IND.COMPOSITE 345 751 127 24
Opto Circuits India 10 1903 300.6 39 105 34.9 1.2 - 0.4 3.0 1912 23.0 8.7 1912N 54.2 -30 -839.2 -3513 19.47 0 1.51 83.1 470 15.63 16/1 990 -
Poly Medicure Lt 5 2003 44.1 49 646 92.4 10.5 2.00 0.3 21.5 2003 159.2 20.6 - - 14 - - 48.75 0 3.07 8.6 2668 302.35 349/167 2741 28.9
61 METAL - NON-FERROUS
IND.COMPOSITE 1426 23655 7068 13
*Gravita India Ltd. 2 2003 13.8 24 1172 22.4 3.2 6.70 1.4 13.7 2003 331.9 5.1 - - 12 - - 72.51 0 0.63 15.9 308 44.65 69/30 505 10.8

44 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Hind. Copper 5 1903 462.6 18 1816 145.5 1.6 0.52 0.7 8.9 1912 93.3 -95.6 1912N 685.0 -50 -54.9 -152 76.04 0 13.83 136.2 3072 33.20 51/18 4131 -
Hind. Zinc 2 2003 845.1 95 18561 6805.0 16.1 16.50 0.1 16.9 2003 4391.0 1339.0 - - -9 - - 64.92 0 3.70 134.6 84042 198.90 248/122 86557 12.4
*Tin Plate Co. 10 2003 104.7 73 2106 95.0 9.1 1.00 0.0 12.5 2003 472.4 27.1 - - -12 - - 74.95 0 1.25 66.1 1243 118.75 164/57 1210 13.1
62 MINING/MINERALS
IND.COMPOSITE 7790 54089 8270 8
Ashapura Min. Lt 2 1903 17.4 -46 337 -74.3 -8.5 - -0.1 - 1912 28.7 42.0 1912N 140.5 -42 13.2 118 39.78 66 23.91 21.7 392 45.10 48/17 406 -
*Coal India 10 2003 6162.7 27 845 11280.9 18.3 - 0.0 67.1 2003 329.0 10631.7 - - 193 - - 66.13 0 30.19 739.0 87480 141.95 262/119 87226 7.8
*Guj. Mineral Dev 2 2003 63.6 133 1672 202.7 6.4 2.00 0.0 4.8 2003 463.0 39.9 - - -16 - - 74.00 0 12.41 69.9 1329 41.80 77/30 1310 6.6
*KIOCL 10 2003 621.9 31 1938 43.5 0.7 - 0.0 2.3 2003 499.8 26.4 - - 16 - - 99.05 0 0.45 9.7 6978 112.20 142/46 5409 -
*MOIL Ltd. 10 2003 237.3 116 1038 248.2 10.5 5.50 0.0 9.0 2003 248.7 13.5 - - -21 - - 64.35 0 17.77 269.9 3514 148.05 170/87 1252 14.2
*NMDC Ltd. 1 2003 306.2 90 11699 3610.1 11.8 5.29 0.0 13.1 2003 3187.3 351.2 - - 0 - - 69.64 0 25.98 241.2 25765 84.15 140/62 21522 7.1
Orissa Minerals Deve 1 1903 0.6 225 0 -451.6 -752.7 - 0.9 - 1912 0.0 -14.5 1912N 0.0 -100 -48.4 -125 50.01 0 18.27 17.4 996 1659.60 2644/527 781 -
Sandur M & I Ore 10 1903 9.0 740 702 142.4 158.2 7.00 0.0 21.4 1912 137.6 18.7 1912N 472.1 -17 97.9 -20 73.23 53 1.93 10.0 512 569.25 922/295 463 4.4
Vedanta 1 2003 371.7 188 35858 -6732.0 -18.1 3.90 0.5 - 2003 8456.0 -10286.0 - - -7 - - 50.13 0 33.95 731.4 40871 109.95 180/60 74679 -
63 MISCELLANEOUS
IND.COMPOSITE 1796 30597 5320 33
Adani Ports & Speci 2 2003 406.4 98 4643 1934.3 9.5 3.20 1.2 9.7 2003 1185.1 500.3 - - -8 - - 62.78 58 34.14 264.9 69720 343.15 429/203 90207 36.0
Delta Corp Ltd. 1 2003 27.1 71 458 99.6 3.7 1.50 0.0 5.2 2003 94.8 -33.0 - - 3 - - 32.77 11 24.05 109.1 2498 92.20 225/54 2470 25.1
Dredging Corpora 10 1903 28.0 565 692 44.6 15.9 3.00 0.3 2.8 1912 202.6 31.4 1912N 522.1 15 9.9 115 73.47 0 7.24 53.5 752 268.55 444/122 1183 6.2
IFGL Refractories 10 1903 36.0 140 479 26.0 7.2 2.50 0.1 5.1 1912 120.8 7.3 1912N 379.6 9 23.5 27 72.43 0 16.66 12.1 461 128.00 208/64 518 14.9
*Indraprastha Gas Ltd 2 2003 140.0 72 6485 1136.5 16.2 0.34 0.0 22.4 2003 1552.5 253.3 - - 17 - - 45.00 0 39.52 123.7 30975 442.50 534/285 30368 27.3
*Info Edge (India) 10 2003 122.5 198 1273 205.7 16.8 6.00 0.0 8.4 2003 322.8 41.6 - - 18 - - 40.48 0 48.82 61.3 33724 2752.60 3125/1580 33619 164.0
IRCTC 10 1903 160.0 67 1868 305.9 19.1 7.65 0.0 28.7 1912 716.0 205.8 1912N 1688.6 23 378.0 68 87.40 0 3.94 340.2 22106 1381.60 1995/625 20966 51.9
Jain Irrigation 2 1903 99.3 95 4443 234.5 4.7 1.00 0.3 5.0 1912 352.4 -183.2 1912N 1576.3 -49 -280.1 -284 28.64 50 11.55 212.0 575 11.59 30/3 2015 -
Linde India 10 1912 85.3 251 1762 727.2 85.3 - 0.5 34.0 2003 377.3 39.0 2003Q 377.3 -14 39.0 10 75.02 0 15.00 19.5 5017 588.25 801/378 5548 6.9
*Mahindra EPC Irrigat 10 2003 27.8 61 284 23.3 8.4 1.20 0.0 13.6 2003 82.7 9.6 - - 8 - - 54.51 0 0.00 19.9 400 143.90 166/74 400 17.2
*Morganite Crucible ( 10 2003 2.8 385 129 13.1 46.8 16.00 0.0 12.2 2003 30.5 4.3 - - 5 - - 75.00 0 1.04 3.6 451 1610.35 2290/1180 406 34.4
Nirlon 10 1903 90.1 39 299 63.7 7.1 0.75 2.4 18.1 1912 76.6 27.3 1912N 227.8 3 80.1 64 71.15 3 12.31 35.3 2082 231.05 313/190 2931 21.9
Orient Refractories 1 1903 12.0 31 748 89.8 7.5 2.50 0.0 23.9 1912 167.3 19.6 1912N 534.5 -5 67.9 5 66.48 0 15.93 15.6 2060 171.50 269/109 2033 22.2
Solar Industries Ind 2 1903 18.1 98 1663 191.5 21.2 7.00 0.1 21.6 1912 384.6 47.0 1912N 1117.2 -5 168.9 27 73.14 0 22.20 13.1 9371 1035.60 1350/772 9426 41.3
Sun Pharma Advanced 1 2003 26.2 -1 77 -312.4 -11.9 - 0.0 - 2003 22.7 -99.5 - - -45 - - 68.46 1 3.56 83.2 4245 162.00 211/81 4246 -
Syngene Internationa 10 2003 400.0* 54 2012 411.5 10.3 - 0.3 18.9 2003 607.3 120.0 - - 9 - - 70.68 0 22.70 48.9 16274 406.85XB 423/202 16391 39.5
*Thomas Cook (I) 1 2003 37.8 38 2125 -24.9 -0.7 - 0.0 - 2003 239.7 -66.3 - - 0 - - 65.60 0 19.36 57.8 1065 28.15 247/22 428 -
Vesuvius India 10 1912 20.3 396 887 85.5 42.2 8.74 0.0 10.6 2003 205.6 18.6 2003Q 205.6 -8 18.6 -14 55.56 0 23.27 13.0 1857 914.90 1227/747 1438 22.5
Wonderla Holidays Lt 10 2003 56.5 152 271 64.8 11.5 1.80 0.0 7.5 2003 42.4 1.6 - - 3 - - 69.57 0 16.45 26.7 759 134.35 300/105 718 11.7
64 MOBILE PHONE SERVIC E P ROVIDER
IND.COMPOSITE 35914 101961 - 54430 6
Bharti Airtel 5 2003 2727.8* 186 54317 -36088.2 -66.1 2.00 0.9 - 2003 14991.4 -6882.9 - - 6 - - 58.97 0 36.11 230.5 305675 560.30 612/322 389245 -
MTNL 10 1903 630.0 -155 1988 -3390.2 -53.8 - -2.0 - 1912 383.6 -1068.5 1912N 1165.3 -20 -3071.3 -17 56.25 0 14.93 135.3 589 9.35 13/4 19586 -
*OnMobile Global Ltd. 10 2003 105.7 67 204 -1.5 -0.1 1.50 0.0 - 2003 52.3 -11.9 - - -15 - - 48.17 0 2.17 33.5 310 29.35 45/13 280 -
Reliance Com 5 1903 1382.8 45 1379 2847.0 10.3 - 2.3 23.0 1912 201.0 -13929.0 1912N 662.0 -39 -42809.0 -766 5.17 0 7.97 1323.0 426 1.54 2/1 28536 -
*Tata Communications 10 2003 285.0 288 5750 208.8 7.3 4.00 0.0 2.5 2003 1488.9 -146.9 - - 7 - - 74.98 4 18.99 54.5 16834 590.65 612/206 16985 80.6
Tata Teleservices (M 10 2003 1954.9 -89 1078 -3714.1 -19.0 - -0.9 - 2003 258.9 -874.0 - - -15 - - 74.35 0 0.00 322.5 821 4.20 5/2 15328 -
Tejas Networks 10 2003 92.3* 117 386 -236.2 -25.6 - 0.0 - 2003 54.6 -126.7 - - -47 - - 0.00 0 41.48 26.0 448 48.55 147/29 326 -
Vodafone Idea L 10 1903 28735.4* 19 36859 -14056.0 -4.9 - 1.7 - 1912 11029.8 -6417.9 1912N 33042.8 31 -61183.6 -570 72.05 0 14.82 768.5 29856 10.39 13/3 137595 -
65 OIL DRILLING AND EX PLORATION
IND.COMPOSITE 12081 19546 0 36072 5
*Asian Oilfield S 10 2003 38.1 37 64 4.7 1.2 - 0.0 3.4 2003 27.3 13.6 - - -69 - - 59.61 0 0.07 9.0 346 90.75 143/64 325 73.5
*GAIL (India) Ltd. 10 U2003 4535.8* 99 71871 6620.6 14.6 6.40 0.0 14.7 2003 17753.1 3018.2 - - -4 - - 51.46 0 34.21 345.3 47694 105.15XB 157/66 47349 7.2
Hind. Oil Explor 10 2003 132.2 50 180 140.8 10.6 - 0.0 21.2 2003 28.4 18.8 - - -9 - - 0.00 0 10.91 65.3 891 67.40 131/31 866 6.3
Oil India Ltd. 10 1903 1084.4 256 13735 2590.1 23.9 10.25 0.3 9.3 1912 2952.0 406.4 1912N 9539.0 -10 1658.4 -41 56.65 0 25.81 161.0 10237 94.40 182/66 11368 7.1
ONGC 5 1903 6290.1 161 109609 26715.8 21.2 7.00 0.1 13.2 1912 23710.0 4151.6 1912N 74757.4 -10 16319.0 -28 60.40 0 25.49 867.1 105863 84.15 172/52 126953 5.2
66 PACKAGING
IND.COMPOSITE 338 19319 662 11
Cosmo Films 10 2003 19.4 383 2032 114.0 58.7 15.00 0.9 15.3 2003 473.5 29.1 - - 2 - - 44.14 0 4.02 24.1 614 315.90 357/186 1176 5.4
Essel Propack Ltd. 2 2003 63.1 22 803 105.8 3.4 3.30 0.3 15.2 2003 180.0 33.5 - - -3 - - 74.98 0 6.91 29.9 5841 185.15 205/79 6010 55.2
*Ester India 5 2003 41.7 49 1039 99.5 11.9 2.50 0.7 24.4 2003 253.9 36.9 - - 2 - - 59.13 10 0.02 20.6 411 49.25 54/23 634 4.1
*Garware Poly. 10 2003 23.2 600 877 86.9 37.4 - 0.1 6.2 2003 195.2 25.7 - - -2 - - 60.71 0 3.71 20.5 487 209.65 282/132 580 5.6
Huhtamaki PPL 2 1912 15.1 92 2582 170.0 22.5 3.00 0.7 24.4 2003 574.6 27.3 2003Q 574.6 -9 27.3 -35 66.93 0 6.65 17.9 1544 204.50 303/165 1896 9.9
Jindal Poly Films 10 1903 43.8 333 3694 -353.0 -80.6 1.00 0.6 - 1912 973.7 117.3 1912N 2626.8 -4 339.6 284 74.54 0 1.17 40.0 1691 386.10 396/150 2514 -
Polyplex Corpn. 10 2003 32.0 193 1273 229.8 71.9 17.00 0.3 37.3 2003 301.6 17.7 - - -4 - - 50.02 0 10.71 22.6 1509 471.80 607/283 1692 6.6
Safari Indus. 2 2003 4.5 103 681 30.5 13.6 0.08 0.5 13.3 2003 143.3 4.7 - - 26 - - 56.66 0 24.34 8.8 859 384.25 733/295 962 28.2
Time Technoplast Ltd 1 1903 22.6 60 2117 126.2 5.6 0.90 0.4 9.3 1912 576.3 31.6 1912N 1594.6 7 76.8 1 51.32 35 29.39 31.6 900 39.80 98/23 1460 7.1
Uflex Ltd. 10 1903 72.2 297 4221 51.7 7.2 2.00 0.5 2.4 1912 1032.9 87.2 1912N 3109.7 -2 116.1 210 44.01 17 7.17 40.4 1545 213.90 247/120 2593 11.9
67 PAINTS/VARNISHES
IND.COMPOSITE 331 30904 4067 59
*Akzo Nobel India 10 2003 45.5 272 2662 237.4 52.1 14.00 0.0 19.2 2003 581.3 54.0 - - -6 - - 0.00 0 38.99 41.3 8458 1857.25 2515/1654 8399 35.6
*Asian Paints Ltd. 1 2003 95.9 99 17194 2653.9 27.7 12.00 0.0 28.1 2003 3879.0 452.1 - - 10 - - 52.79 12 27.02 300.3 161850 1687.35 1916/1291 161698 61.0
*Berger Paints I 1 2003 97.1 27 5692 699.0 7.2 2.20 0.1 26.6 2003 1174.8 194.7 - - 9 - - 74.99 0 14.61 118.6 49605 510.75 597/300 49689 71.0
Kansai Nerolac Paint 1 2003 53.9 70 4943 535.4 9.9 3.15 0.0 14.1 2003 988.0 71.5 - - -2 - - 74.98 0 15.93 52.2 24758 459.40 573/296 24680 46.2
Shalimar Paints 2 1903 10.9 53 288 -81.5 -15.0 - 0.5 - 1912 93.3 -5.1 1912N 260.4 31 -15.6 59 53.09 0 4.85 17.0 367 67.55 111/44 421 -
Sirca Paints India 10 1903 27.4* 35 125 22.2 8.1 - 0.1 23.5 1909 37.6 9.8 1909H 69.5 13 16.2 88 51.62 0 9.36 2.1 676 246.85XB 346/157 667 -
68 PAPER
IND.COMPOSITE 394 16775 1594 5
Andhra Paper 10 U2003 39.8 246 1270 212.9 53.5 - 0.0 21.8 2003 279.7 92.9 - - -6 - - 92.19 55 0.77 12.7 842 211.70 452/115 787 4.0
Emami Paper Mill 2 1903 12.1 43 1528 44.0 7.3 1.20 5.3 17.0 1912 400.1 18.5 1912N 1127.4 -3 20.6 -52 74.97 0 7.27 3.9 490 80.95 158/47 1556 22.9

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 45

Databank Updated Information Updated as on June 26, 2020

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
JK Paper Ltd. 10 2003 178.2 133 3054 492.7 27.6 4.00 0.5 20.8 2003 730.2 91.4 - - -5 - - 48.88 0 7.75 90.9 1803 101.15 152/62 2881 3.7
N R Agarwal Indu 10 1903 17.0 184 1318 94.6 55.6 4.00 0.8 30.3 1912 365.3 32.2 1912N 1068.0 12 79.8 -1 73.54 0 1.41 8.2 351 206.35 298/123 587 3.7
Orient Paper 1 1903 21.2 65 710 101.6 4.8 1.10 0.0 7.3 1912 163.6 3.3 1912N 472.1 -8 22.9 -67 38.73 0 15.45 55.5 462 21.75 35/12 478 8.3
*Satia Industries 1 2003 10.0 40 809 91.8 9.2 0.15 0.5 23.2 2003 179.1 16.1 - - 17 - - 51.67 17 0.00 1.7 754 75.40XS 113/57 909 8.2
Seshasayee Paper 2 2003 12.6 158 1184 174.6 27.7 4.00 0.1 17.5 2003 320.3 45.5 - - -10 - - 42.65 0 10.54 13.8 985 156.25 226/82 726 5.6
Shrenik L 2 1903 20.4 6 837 11.1 1.1 0.20 2.2 17.5 1912 201.3 2.6 1912N 655.9 7 10.3 38 73.54 14 0.00 0.7 373 36.55 80/12 491 26.7
T Nadu Newsprint 10 1903 69.2 239 4083 94.4 13.6 7.50 0.9 5.7 1912 842.0 29.5 1912N 2569.9 -15 128.2 58 35.31 0 35.89 35.0 807 116.55 215/85 2285 5.7
*West Coast Paper 2 U2003 13.2 209 1982 276.4 41.8 - 0.3 20.1 2003 463.2 52.4 - - 9 - - 56.13 0 16.14 28.9 1176 178.05 286/100 1480 4.3
69 PESTICIDES/AGRO CHE MICALS
IND.COMPOSITE 945 31099 2725 43
Astec Lifesciences L 10 2003 19.6* 126 522 47.5 24.3 1.50 0.9 19.3 2003 180.2 31.2 - - 15 - - 71.33 0 1.34 10.7 1580 807.15 949/305 1754 33.3
BayerCropscience 10 2003 44.9 572 3609 474.5 105.6 25.00 0.0 18.4 2003 458.7 31.5 - - 23 - - 71.43 0 16.02 57.1 26783 5959.40 6091/2952 26454 56.4
*Bharat Rasayan 10 U2003 4.2 1333 1215 157.6 371.0 - 0.6 27.8 2003 271.0 36.2 - - 31 - - 74.82 0 0.78 8.4 2984 7024.20 8152/3722 3222 18.9
*Dhanuka Agritech Ltd 2 2003 9.5 149 1120 141.5 29.7 12.00 0.0 20.0 2003 227.6 39.0 - - 10 - - 74.99 14 12.67 23.5 3331 700.10 804/261 3352 23.5
*Excel Industries 5 U2003 6.3 544 702 93.5 74.4 - 0.0 13.7 2003 167.8 11.9 - - -13 - - 52.37 0 7.50 18.8 904 719.50 1040/375 907 9.7
*Insecticides (India) 10 2003 20.7 353 1363 86.0 41.6 4.00 0.4 11.8 2003 238.7 -7.3 - - 13 - - 68.89 0 19.74 12.3 962 465.30 691/207 1249 11.2
*Meghmani Organics 1 2003 25.4 39 1625 192.9 7.6 1.00 0.3 19.5 2003 404.9 67.5 - - 18 - - 48.69 0 2.01 107.5 1322 52.00 67/32 1604 6.9
*NACL Industries L 1 2003 19.3* 18 1015 15.8 0.8 0.10 0.8 4.5 2003 276.6 5.0 - - 7 - - 63.29 38 1.64 12.2 742 38.50 41/17 927 -
PI Industries 1 2003 13.8 188 3307 442.3 32.0 4.00 0.0 17.1 2003 795.5 98.3 - - 23 - - 51.35 0 33.75 59.3 21435 1552.05 1688/974 21362 48.5
Punjab Chemicals and 10 1903 12.3 83 640 20.3 16.5 1.50 0.9 20.0 1912 151.6 2.3 1912N 440.9 -4 11.0 -15 40.03 0 3.18 14.2 623 507.95 664/234 710 34.2
Rallis India 1 2003 19.4 73 2252 185.5 9.5 2.50 0.1 13.2 2003 346.3 0.6 - - 41 - - 50.09 0 23.74 55.9 5148 264.70 279/127 5178 39.9
*Sharda Cropchem 10 2003 90.2 145 1616 191.9 21.3 4.00 0.0 14.6 2003 773.1 136.4 - - -10 - - 74.78 0 21.94 16.5 2133 236.40 342/99 2051 11.1
Shivalik Rasayan 5 1903 6.9 116 48 8.9 6.5 0.50 0.0 5.6 1912 15.9 2.0 1912N 46.5 27 5.9 79 52.91 0 0.00 3.4 420 304.85 325/174 341 36.5
Sumitomo Chemical 10 2003 499.1 24 2423 205.6 4.1 0.55 0.0 17.0 2003 443.6 22.8 - - 10 - - 80.30 0 4.64 23.6 14595 292.40 317/153 14575 71.0
UPL 2 2003 152.8* 105 9641 461.0 6.0 6.00 0.2 5.7 2003 2031.0 -126.0 - - 12 - - 27.87 8 54.16 117.4 33641 440.30XB 709/240 34906 73.0
70 PETROCHEM
IND.COMPOSITE 1037 14866 1767 13
*Bhansali Engg.Po 1 2003 16.6 21 1104 66.8 4.0 0.50 0.0 18.8 2003 251.4 7.7 - - -3 - - 56.44 0 1.26 53.5 759 45.75 71/25 735 11.4
DCW Ltd. 2 1903 52.2 25 1353 -4.3 -0.2 - 0.9 - 1912 313.7 -4.0 1912N 983.7 -1 -0.7 97 46.72 0 8.59 55.3 336 12.87 19/7 857 -
*GujaratStatePetronet 10 2003 564.1* 119 2369 1108.7 19.7 2.00 0.2 16.5 2003 595.0 225.6 - - 23 - - 37.63 0 38.63 112.6 12160 215.55 263/146 13287 11.0
*INEOS Styrolution 10 2003 17.6 346 1579 -9.5 -5.4 - 0.4 - 2003 359.0 4.5 - - -24 - - 74.99 0 6.94 12.0 1271 722.75 804/365 1478 -
*Manali Petrochem 5 2003 86.0 27 677 38.6 2.2 0.75 0.0 8.4 2003 182.5 11.6 - - -8 - - 44.86 0 0.29 103.1 336 19.53 25/8 298 8.7
NOCIL Ltd. 10 1909 165.6 69 1043 184.1 11.1 2.50 0.0 16.0 1912 194.3 20.7 1912Q 194.3 -26 20.7 -54 33.72 15 5.74 153.9 1442 87.05 128/45 1403 10.0
Savita Oil Tech 10 1903 14.1 605 2263 114.3 81.2 2.50 0.0 13.4 1912 518.1 21.6 1912N 1596.5 -7 75.0 -7 71.75 0 16.31 8.1 960 682.40 1079/497 895 8.9
*Sheela Foam 5 U2003 24.4 171 1755 165.5 33.9 - 0.0 19.8 2003 390.2 26.1 - - 0 - - 74.99 0 22.90 9.6 6949 1424.55 1770/1084 6937 42.0
Supreme Petroche 10 2003 96.5 70 2724 102.7 10.6 5.50 0.0 15.2 2003 662.9 23.5 - - -13 - - 62.31 0 2.75 36.9 1644 170.35 211/113 1606 16.0
71 PHARMACEUTICALS
IND.COMPOSITE 3019 161122 26445 31
Aarti Drugs Ltd 10 2003 23.3 267 1635 135.7 58.2 2.00 0.9 21.8 2003 406.6 56.6 - - 20 - - 61.43 0 5.89 19.3 2988 1282.45 1300/419 3425 22.0
*Abbott India Ltd. 10 2003 21.2 1144 4093 592.9 279.0 250.00 0.0 24.4 2003 961.2 111.0 - - 13 - - 74.98 0 7.71 49.3 33909 15957.70 18569/8300 32225 57.2
Ajanta Pharma Lt 2 2003 17.5 282 2196 441.1 50.6 13.00 0.0 17.9 2003 560.7 88.5 - - 20 - - 70.51 17 19.53 39.2 12630 1447.40 1578/840 12594 28.6
Alembic Ltd. 2 2003 51.4 19 74 93.5 3.6 0.60 0.0 19.4 2003 11.4 55.5 - - -39 - - 67.62 0 7.73 53.1 1976 76.95 89/25 1974 21.1
Alembic Pharmaceutic 2 2003 37.7 177 4133 969.4 51.4 10.00 0.3 29.0 2003 1048.6 314.3 - - 10 - - 72.96 0 15.14 47.3 17028 903.25 984/436 17736 17.6
Alkem Laboratories 2 2003 23.9 525 6677 1264.4 105.8 25.00 0.1 20.1 2003 1687.5 271.2 - - 18 - - 65.88 0 15.16 74.5 28057 2346.60 2882/1660 28162 22.2
*Amrutanjan Health Ca 1 2003 2.9 55 261 25.1 8.6 2.10 0.0 15.7 2003 59.3 7.9 - - 20 - - 50.02 0 12.80 21.2 1094 374.20 559/251 1013 43.6
*Anuh Pharma Ltd 5 2003 12.5 65 307 14.3 5.7 2.75 0.0 8.8 2003 72.1 -0.9 - - -1 - - 72.03 0 0.00 8.8 584 233.15 247/97 577 40.8
AstraZeneca Pharma I 2 2003 5.0 146 832 72.2 28.9 1.00 0.0 19.8 2003 194.9 9.6 - - 18 - - 75.00 0 4.87 17.8 8374 3349.40 3563/1635 8200 116.0
Aurobindo Pharma 1 2003 58.6 222 13266 1872.7 32.0 3.00 0.4 14.4 2003 3620.3 725.0 - - 7 - - 52.01 6 34.81 206.8 45700 779.95 820/281 50144 24.4
Bajaj Healthcare 10 1903 13.8* 53 370 16.3 11.8 - 0.8 14.4 1912 99.3 6.4 1912N 291.5 54 12.9 106 67.26 0 0.00 1.0 362 262.40XB 331/166 427 -
Biocon 5 2003 600.0* 63 1988 440.9 3.7 0.33 0.0 5.8 2003 482.4 102.2 - - -29 - - 60.66 0 22.29 207.0 48204 401.70XB 410/211 47849 109.3
*Bliss GVS Pharma 1 2003 10.3 66 442 92.3 9.0 0.50 0.1 13.5 2003 98.0 16.4 - - 7 - - 41.59 0 27.11 14.2 1006 97.50 165/74 980 10.9
*Cadila Healthcar 1 2003 102.4 110 6347 1412.9 13.8 3.50 0.3 12.5 2003 1812.2 619.3 - - 1 - - 74.87 0 17.30 127.0 37228 363.65 384/206 40057 24.2
*Caplin Point Lab 2 2003 15.1 79 528 197.6 26.1 2.50 0.0 32.9 2003 100.1 50.1 - - 4 - - 69.02 0 4.47 30.1 2383 315.05 464/180 2339 12.1
Cipla 2 2003 161.3* 216 12659 2318.2 28.8 4.00 0.0 13.3 2003 3133.4 604.6 - - 7 - - 36.65 0 40.57 242.9 51174 634.70 696/357 50999 22.1
Dishman Carbogen Amc 2 2003 31.4 306 581 38.5 2.5 - 0.1 0.8 2003 151.9 4.5 - - 20 - - 63.17 0 23.39 43.1 2033 129.60 237/46 2472 52.8
Divi's Lab 2 2003 53.1 276 5311 1372.7 51.7 16.00 0.0 18.8 2003 1376.2 391.8 - - 9 - - 51.97 0 34.66 95.9 62402 2350.65 2538/1467 62403 45.5
Dr. Reddy's Labs 5 2003 83.1* 914 11850 2937.7 176.7 25.00 0.1 19.3 2003 2851.7 502.8 - - 13 - - 26.75 0 44.49 115.4 66419 3995.90 4189/2352 67198 22.6
*Eris Lifesciences 1 2003 13.6 96 1020 290.7 21.4 2.87 0.0 22.4 2003 230.7 54.6 - - 13 - - 55.55 0 21.36 29.2 6344 467.25 593/341 6338 21.8
*FDC Ltd. 1 2003 17.1 90 1331 246.8 14.4 0.80 0.0 16.0 2003 331.1 58.5 - - 24 - - 69.23 0 11.25 26.2 4669 273.10 296/152 4654 18.9
Fermenta Biotech 5 1903 14.7* 20 19 -2.7 -0.9 1.25 2.2 - 1912 66.5 9.8 1912N 228.4 1500 56.5 361 59.44 0 0.51 7.1 880 298.95XB 337/151 1012 -
GlaxoSmithKline Phar 10 2003 169.4 109 3225 110.1 6.5 40.00 0.0 6.0 2003 775.9 137.9 - - 3 - - 74.99 0 11.66 108.4 25091 1481.10 1745/1046 23936 228.0
Glenmark Pharma 1 1903 28.2 423 6305 1622.1 57.5 2.00 0.3 13.6 1912 1816.3 345.5 1912N 5104.9 8 1005.4 -25 46.62 0 35.25 154.6 13173 466.85 573/168 16051 10.2
Granules India L 1 2003 25.4 71 2310 444.1 17.5 1.00 0.7 24.5 2003 486.9 201.8 - - 19 - - 42.86 38 24.70 89.5 5220 205.30 225/84 6090 11.8
Gufic BioSciences Lt 1 1903 7.8 10 351 21.9 2.8 0.05 1.3 29.1 1912 97.7 7.0 1912N 276.2 7 18.1 15 65.75 0 9.50 15.6 614 78.90 85/38 702 25.4
Guj. Themis Bios 5 2003 7.3 29 85 23.7 16.3 1.65 0.0 56.1 2003 26.4 11.0 - - 91 - - 74.99 0 0.02 7.4 306 210.45 231/31 304 12.9
*Hester Biosciences L 10 2003 8.5 239 169 31.2 36.7 - 0.2 15.4 2003 41.4 5.0 - - 5 - - 53.73 0 0.70 8.9 1067 1254.55 2044/870 1096 34.2
*Hikal Ltd. 2 2003 24.7 66 1507 84.4 6.8 1.20 0.8 10.3 2003 379.0 24.5 - - -0 - - 68.76 0 7.11 36.5 1573 127.55 178/57 2141 18.6
*Indoco Remedies 2 2003 18.4 74 1106 24.3 2.6 0.30 0.4 3.6 2003 272.0 5.4 - - 17 - - 58.68 0 17.52 16.4 1939 210.45 285/133 2145 80.0
IOL Chemicals and Ph 10 2003 58.7* 139 1894 361.3 61.5 3.00 0.6 44.3 2003 441.5 90.3 - - 15 - - 41.89 0 2.86 36.8 2666 454.15 487/147 2894 7.4
*Ipca Laboratorie 2 2003 25.3 291 4367 652.5 51.6 5.00 0.1 17.7 2003 1004.8 127.8 - - 20 - - 46.07 0 39.24 81.2 21470 1699.25 1821/844 21540 32.9
*J B Chemicals & Phar 2 2003 15.5 187 1641 268.1 34.7 11.00 0.0 18.6 2003 416.9 50.9 - - 9 - - 55.90 0 21.73 35.2 5235 677.40 743/322 5240 19.5
Jubilant Life Scienc 1 2003 15.9 164 3140 321.1 20.2 5.00 0.7 12.3 2003 791.4 111.2 - - -9 - - 50.67 0 29.77 48.3 10438 655.30 696/230 12005 32.5
Laurus Labs 10 2003 106.9 170 2797 267.0 25.0 2.50 0.6 14.7 2003 829.2 112.5 - - 22 - - 32.04 45 42.87 45.5 5796 542.15 587/298 6712 21.7
*Lincoln Pharmace 10 2003 20.0 152 376 49.6 24.8 1.50 0.1 16.3 2003 75.3 9.2 - - 9 - - 32.35 0 0.34 15.2 344 172.10 220/86 369 6.9
Lupin Ltd. 2 2003 90.6* 386 11026 727.5 16.1 6.00 0.0 4.2 2003 2483.9 225.3 - - 2 - - 46.92 0 38.94 291.7 41999 926.95 956/505 41940 57.7
Marksans Pharma 1 2003 40.9 12 433 37.9 0.9 0.10 0.2 7.5 2003 113.6 7.4 - - -4 - - 48.24 0 3.42 123.2 1447 35.35 39/10 1522 -

46 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
Medicamen Biotec 10 1903 12.2 71 123 12.0 9.8 1.00 0.1 13.8 1912 35.3 3.7 1912N 102.0 14 10.8 18 44.77 0 0.46 4.5 347 284.05 447/153 350 25.4
*Morepen Labs.Lt 2 2003 90.0 7 792 32.3 0.7 - 0.5 10.5 2003 189.2 9.5 - - 18 - - 34.54 0 14.55 129.9 1147 25.50 35/7 1246 -
*Natco Pharma 2 2003 36.4 213 1790 474.5 26.1 6.75 0.1 12.3 2003 420.1 101.0 - - -13 - - 48.92 0 32.24 71.6 11548 634.25 738/450 11669 24.3
Nectar Lifesciences 1 1903 22.4 49 2785 47.3 2.1 0.05 0.7 4.3 1912 652.5 8.9 1912N 1802.6 -9 24.3 -19 44.35 0 2.30 40.0 527 23.51 30/7 1308 12.7
Neuland Laborat 10 2003 12.8 550 763 15.9 12.4 2.00 0.3 2.3 2003 191.9 -9.3 - - 16 - - 36.19 4 33.82 11.5 706 550.15 660/247 878 44.4
*Novartis 5 2003 12.3 292 438 10.1 4.1 10.00 0.0 1.4 2003 93.7 6.8 - - -9 - - 70.67 0 0.86 41.1 1380 558.95 780/420 768 136.9
P&G Health 10 U2003 16.6 616 1155 205.2 98.9 - 0.0 20.1 2003 228.1 46.5 - - 7 - - 51.81 0 15.01 45.5 6878 4143.25 5121/2928 5634 41.8
Panacea Biotec L 1 1903 6.1 67 96 26.6 4.3 - 0.4 6.5 1912 55.5 -19.7 1912N 101.3 -69 -120.6 23 73.59 69 1.61 10.6 1253 204.60 263/90 1402 19.8
*Pfizer Ltd. 10 2003 45.7 742 2152 509.1 111.3 330.00 0.0 15.0 2003 502.0 103.0 - - 7 - - 63.92 0 16.34 82.8 18756 4099.80 5173/2798 16844 36.8
Piramal Enterprises 2 2003 45.1* 1003 4219 144.8 6.4 14.00 0.6 0.6 2003 988.7 -484.3 - - 22 - - 46.06 0 39.10 134.1 30281 1342.60 2006/608 41452 202.8
RPG Life Sciences 8 2003 13.2 107 376 29.0 17.5 4.00 0.2 16.4 2003 88.7 3.0 - - 10 - - 72.06 0 0.38 15.9 445 268.90 351/146 480 15.3
Sanofi India 10 1912 23.0 1060 3071 414.2 179.8 349.00 0.0 16.9 2003 784.5 85.4 2003Q 784.5 9 85.4 -8 60.39 0 28.68 35.0 18852 8185.60 8528/5452 18020 46.4
Sequent Scientific 2 2003 49.7 36 227 21.3 0.9 - 0.0 2.4 2003 62.3 6.8 - - 49 - - 56.15 71 12.54 15.8 2280 91.80 100/52 2317 -
*Shilpa Medicare L 1 2003 8.2 178 806 193.7 23.8 1.10 0.1 13.3 2003 197.9 57.9 - - 23 - - 53.80 10 26.92 14.9 3938 483.00 592/191 4007 20.3
*SMS Pharmaceuticals 1 2003 8.5 43 412 32.7 3.9 0.20 0.4 8.9 2003 96.5 6.2 - - -67 - - 67.29 9 0.53 15.7 512 60.45 70/24 627 15.6
Solara Active Pharma 10 2003 26.9* 406 1322 112.5 41.9 - 0.5 10.3 2003 296.8 18.2 - - 4 - - 41.88 0 23.27 53.4 1714 638.10 737/275 2079 14.1
Strides Pharma Scien 10 2003 89.6* 354 1674 111.7 12.5 14.00 0.2 3.5 2003 441.7 26.4 - - 12 - - 31.27 51 47.67 73.3 3826 427.15 547/271 4454 34.3
Sun Pharma. 1 2003 239.9 102 12532 3211.1 13.4 4.00 0.3 13.2 2003 2836.1 1155.8 - - 25 - - 54.68 13 32.36 631.2 115156 479.95 513/315 120666 35.9
*Suven Life Sciences 1 2003 12.7 30 14 -13.8 -1.1 - 0.0 - 2003 8.7 -2.6 - - -98 - - 60.00 0 4.80 69.6 571 44.90 335/19 595 -
*Suven Pharmaceutical 1 2003 12.7 62 834 270.1 21.2 - 0.1 34.5 2003 184.8 53.2 - - - - - 60.00 0 8.18 60.7 6176 485.25 531/174 6246 -
*Themis Medicare Ltd. 10 2003 9.2 173 202 15.9 17.3 1.75 0.5 10.0 2003 46.2 5.2 - - 5 - - 67.26 0 0.01 3.9 325 353.50 458/140 398 20.4
Torrent Pharmac 5 2003 84.6 303 6168 939.0 55.5 32.00 0.9 18.3 2003 1491.0 168.0 - - 6 - - 71.24 0 20.76 40.8 41838 2472.35 2679/1453 46067 44.6
TTK Healthcare Ltd. 10 1903 14.1 175 628 24.4 17.2 5.00 0.1 9.7 1912 165.8 4.5 1912N 509.3 4 11.9 -39 74.56 0 4.45 13.1 624 441.85 620/262 527 37.0
*Unichem Labs 2 2003 14.1 376 905 -56.3 -8.0 4.00 0.0 - 2003 216.1 -11.5 - - -0 - - 50.74 0 11.21 36.4 1249 177.45 201/75 1058 -
Wockhardt Ltd. 5 2003 55.4 90 890 -231.1 -20.9 - 1.2 - 2003 162.2 -78.5 - - -34 - - 72.13 37 5.08 117.3 3160 285.40 412/147 4204 -
*Zota Healthcare 10 U2003 24.6* 28 95 2.8 1.1 1.00 0.0 4.0 2003 23.1 0.7 - - 9 - - 69.92 0 0.00 2.5 359 146.05XB 237/121 356 130.1
73 PLANTATIONS - TEA AND C OFFEE
IND.COMPOSITE 271 8549 844 47
Andrew Yule & Co 2 1903 97.8 4 311 8.7 0.2 - 0.3 4.6 1912 85.9 3.8 1912N 257.2 8 9.7 -20 89.24 0 4.75 29.5 630 12.88 18/6 600 -
*Bombay Burmah 2 2003 14.0 34 214 -17.0 -2.4 1.20 1.6 - 2003 47.5 -18.0 - - -3 - - 65.93 1 7.96 31.0 7289 1044.65 1381/538 7681 -
*CCL Products India 2 2003 26.6 60 823 238.9 18.0 5.00 0.6 30.1 2003 170.2 96.4 - - 6 - - 45.83 0 26.74 28.6 3221 242.10 261/137 3543 13.5
*Goodricke Group 10 2003 21.6 139 791 16.3 7.6 - 0.2 5.4 2003 87.9 -46.9 - - 11 - - 74.00 0 0.00 15.0 362 167.70 254/90 396 22.2
Tata Coffee Ltd. 1 2003 18.7 54 719 73.2 3.9 1.50 0.1 7.3 2003 167.3 4.0 - - 10 - - 57.48 0 5.86 99.9 1561 83.60 107/47 1645 21.3
Tata Consumer Produc 1 2003 92.2 118 5690 523.5 5.7 2.70 0.0 4.8 2003 1335.3 70.9 - - 6 - - 34.68 3 38.87 359.9 35572 386.00 408/214 35103 84.8
74 PLASTICS - OTHERS
IND.COMPOSITE 440 20263 1641 26
Apollo Pipes 10 2003 13.1 234 408 28.5 21.8 - 0.5 9.3 2003 94.1 6.2 - - 15 - - 47.10 0 15.29 5.8 427 326.10 522/220 377 15.0
Astral Poly Technik 1 2003 15.1* 88 2043 200.8 13.3 1.00 0.1 15.1 2003 505.7 39.3 - - 25 - - 55.74 0 28.88 45.0 14514 963.35XB 1265/748 14598 72.3
*Finolex Industri 10 2003 124.1 156 2986 324.2 26.1 - 0.0 16.8 2003 766.1 55.7 - - 4 - - 52.47 0 14.97 118.3 6460 520.60 635/283 6522 19.9
*Kingfa Science & Tec 10 2003 12.1 288 742 24.6 20.3 - 0.1 7.1 2003 179.4 0.6 - - 8 - - 74.99 0 6.57 7.9 453 374.25 710/306 417 18.4
Mayur Uniquoters 5 1903 22.7 115 573 87.2 19.2 3.25 0.0 16.7 1912 124.6 18.2 1912N 377.0 -16 54.1 -20 61.47 0 12.22 22.8 803 177.15 305/118 803 10.9
Mold-Tek Packaging 5 2003 13.9 71 437 38.2 13.8 5.00 0.5 19.4 2003 106.5 8.0 - - 13 - - 34.69 5 23.13 23.5 568 205.00 322/146 656 14.9
Nilkamal Ltd. 10 1903 14.9 593 2304 111.2 74.5 13.00 0.1 12.6 1912 522.6 27.6 1912N 1589.8 -9 100.8 21 64.31 0 19.04 23.0 1709 1145.55 1544/890 1753 13.3
Plastiblends Ind 5 1903 13.0 103 627 31.2 12.0 1.25 0.3 11.6 1912 144.7 11.4 1912N 465.3 1 32.2 45 63.64 0 3.29 9.8 450 173.00 243/96 518 10.9
*Prince Pipes & Fitti 10 2003 110.0 76 1636 112.5 10.2 1.00 0.6 13.4 2003 430.8 28.3 - - 12 - - 63.24 0 20.21 53.6 1270 115.40 197/75 1499 11.3
Responsive Industrie 1 1903 26.7 24 629 28.4 1.1 0.12 0.2 4.4 1912 99.7 5.9 1912N 346.7 -37 32.7 -18 50.13 0 8.15 2.8 2073 77.65 105/72 2167 -
Shaily Engineering P 10 2003 8.3 192 336 23.6 28.4 - 0.7 14.8 2003 79.6 7.0 - - -2 - - 51.07 0 15.94 4.5 306 367.40 776/180 402 13.0
Supreme Inds. 2 2003 25.4 168 5511 496.4 39.1 14.00 0.1 23.3 2003 1430.4 153.1 - - 0 - - 49.93 0 32.02 37.7 14353 1129.90 1414/791 14479 28.9
VIP Indus. 2 2003 28.3 39 1714 88.7 6.3 3.20 0.2 16.2 2003 307.9 -5.6 - - 4 - - 53.45 0 18.36 89.5 3836 271.45 520/188 3913 43.2
*Wim Plast Ltd 10 2003 12.0 292 317 45.3 37.7 7.00 0.0 12.9 2003 76.5 11.3 - - -4 - - 69.90 0 10.10 7.2 394 327.95 490/211 390 8.7
75 POWER - GENERATION/ DIS TRIBUTION
IND.COMPOSITE 48928 170871 1 3975 11
Adani Green Energy 10 2003 1564.0 14 1247 134.3 0.9 - 2.1 6.1 2003 56.0 64.7 - - 1017 - - 74.91 15 21.32 94.1 62154 397.40 487/42 65063 -
Adani Power Ltd. 10 2003 3856.9* 41 1005 -1340.6 -3.5 - 2.1 - 2003 531.3 -79.0 - - -80 - - 74.97 32 20.67 303.8 14155 36.70 74/24 32766 -
BF Utilities Ltd. 5 1903 18.8 34 18 27.2 7.2 - 0.3 21.2 1912 2.8 -0.6 1912N 15.8 1 1.8 -94 55.98 0 1.35 44.1 765 203.10 361/134 762 -
CESC Ltd. 10 1903 132.6 737 7754 937.0 70.7 17.50 0.6 9.6 1912 1648.0 176.0 1912N 6253.0 3 668.0 6 49.91 0 41.28 54.2 8052 607.40 855/366 13756 8.2
*Guj. Industries 10 2003 151.3 182 1379 248.0 16.4 2.90 0.2 9.0 2003 342.5 61.9 - - -1 - - 55.69 0 15.82 52.9 1135 75.05 87/43 1358 4.6
GVK Power & Infrastr 1 1903 157.9 12 23 113.9 0.7 - 0.3 6.2 1912 3.1 12.1 1912N 20.0 113 47.6 7 54.25 0 4.07 255.7 512 3.24 6/2 983 -
*India Power Corp 1 U2003 97.4 12 481 16.7 0.2 - 0.3 1.5 2003 128.1 2.1 - - -13 - - 59.49 67 0.12 4.1 915 9.40 16/4 1176 -
Jaiprakash Power Ven 10 2003 6840.5 9 3284 -3504.6 -5.1 - 1.0 - 2003 698.5 -79.8 - - -12 - - 26.06 87 41.36 292.9 1505 2.20 2/1 10032 -
JSW Energy Ltd. 10 2003 1642.4 57 4314 497.8 3.0 1.00 0.2 5.3 2003 1016.0 95.1 - - -18 - - 74.88 54 16.37 119.6 8007 48.75 80/35 9948 16.1
*Nava Bharat Ventures 2 2003 35.2 168 1080 128.6 7.3 - 0.1 4.3 2003 322.3 40.2 - - -16 - - 46.30 0 21.45 24.7 1019 57.85 102/32 1220 7.9
NHPC 10 1903 10045.0 29 8161 2630.6 2.6 1.46 0.6 9.0 1912 1795.1 403.7 1912N 6821.8 10 2624.3 23 70.94 0 18.83 656.4 20944 20.85 29/15 38004 6.7
*NLC India L 10 2003 1386.6 91 7916 1413.8 10.2 7.06 1.0 11.2 2003 2274.5 392.5 - - 8 - - 79.20 0 12.58 100.0 6503 46.90 73/35 18171 4.6
NTPC 10 1903 9894.6 109 90307 11749.9 11.9 6.08 1.3 10.9 1912 23496.3 2995.1 1912N 70453.5 2 8860.4 20 51.01 0 46.09 605.2 96027 97.05 146/74 229083 7.3
*PTC India 10 2003 296.0 119 16443 320.1 10.8 5.50 0.3 9.1 2003 3255.3 64.2 - - 22 - - 16.21 0 54.34 142.8 1465 49.50 68/32 2303 4.6
RattanIndia Power 10 1903 4939.8 8 1909 -2791.5 -5.7 - 3.1 - 1912 371.8 2106.7 1912N 1479.6 -9 1950.6 175 39.33 86 25.82 152.8 1289 2.61 3/1 6853 -
Ravindra Energy Ltd. 10 2003 119.6 19 353 0.6 0.1 - 0.8 0.3 2003 235.2 -5.2 - - 2 - - 74.50 11 0.00 69.3 346 28.95 42/18 516 -
Reliance Infrastruct 10 2003 263.0 397 1319 1031.3 39.2 - 0.4 9.9 2003 358.5 30.3 - - 46 - - 14.59 66 22.59 792.0 924 35.15 66/9 5663 0.9
Reliance Power L 10 2003 2805.1 31 54 -388.8 -1.4 - 0.5 - 2003 6.1 -264.9 - - 28 - - 19.28 54 12.22 3096.9 1159 4.13 5/1 7896 -
SJVN Ltd. 10 1903 3929.8 29 2656 1364.3 3.5 2.15 0.2 12.1 1912 490.6 212.0 1912N 2161.8 17 1252.5 38 86.76 0 9.14 97.8 8763 22.30 28/17 7798 5.1
Tata Power Co. 1 2003 270.5 56 7726 148.1 0.5 1.55 1.2 1.0 2003 1764.4 -309.9 - - 3 - - 37.21 4 45.50 358.5 12537 46.35 74/27 29422 -
Torrent Power Ltd. 10 2003 480.6 191 13442 1238.1 25.8 11.60 0.9 13.5 2003 2930.7 -222.2 - - 4 - - 53.56 49 26.84 111.9 15637 325.35 349/240 23644 12.6
76 POWER - TRANSMISSIO N/E QUIPMENT
IND.COMPOSITE 6542 62941 12213 12
Adani Transmission L 10 2003 1099.8 44 858 5.5 0.1 - 5.4 0.1 2003 665.3 22.2 - - -66 - - 74.91 54 23.25 42.4 30531 277.60 366/148 39776 -

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 47

Databank Updated Information Updated as on June 26, 2020

AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*GE Power India 10 2003 67.2 137 2446 85.1 12.7 2.00 0.0 9.2 2003 732.7 15.1 - - 10 - - 68.57 0 18.35 32.7 3207 477.00 910/363 2379 37.7
GE T&D India 2 1903 51.2 56 4219 212.7 8.3 1.80 0.1 14.9 1912 939.8 -37.7 1912N 2494.5 -25 -115.4 -162 74.99 0 17.15 36.6 2053 80.20 246/58 2074 -
Kalpataru Power 2 2003 30.9 229 7904 463.0 29.9 3.50 0.2 13.1 2003 2303.0 107.0 - - 21 - - 54.36 58 36.91 35.1 3454 223.25 554/170 3916 7.5
KEC International Lt 2 2003 51.4 110 10471 545.7 21.2 3.40 0.6 19.2 2003 3241.1 181.5 - - 10 - - 51.66 0 36.15 89.9 6729 261.75 358/155 8004 12.3
*Power Grid Corpo 10 2003 5231.6 123 36186 10811.2 20.7 10.00 2.3 16.8 2003 9704.5 3182.7 - - 6 - - 51.33 0 43.65 556.3 93698 179.10 216/130 224705 8.7
*Voltamp Transformers 10 2003 10.1 740 859 89.4 88.3 25.00 0.0 11.9 2003 225.0 11.5 - - 11 - - 50.00 0 37.40 14.9 1151 1137.80 1475/710 1140 12.9
77 PROJECT CONSULTANCY /TURNKEY
IND.COMPOSITE 1598 7678 900 13
*Engineers India 5 2003 316.0 37 3203 430.2 6.8 5.15 0.0 18.3 2003 853.8 129.7 - - 28 - - 51.49 0 33.10 193.9 5052 79.95 124/50 2391 11.7
Power Mech Projects 10 1903 14.7 528 1737 95.7 65.1 1.00 0.4 12.3 1912 515.8 30.2 1912N 1496.3 28 88.4 32 62.49 0 14.40 12.7 701 476.65 1036/310 941 6.0
Prozone Intu Propert 2 1903 30.5 68 8 2.4 0.2 - 0.0 0.2 1912 2.4 1.1 1912N 7.1 20 3.8 315 30.40 0 7.78 30.1 323 21.15 29/7 335 -
Reliance Ind.Inf 10 2003 15.1 223 80 7.9 5.2 3.00 0.0 2.4 2003 19.5 2.1 - - -5 - - 45.43 0 0.45 78.1 640 424.00 479/164 639 80.8
Rites Ltd. 10 1903 250.0* 95 1969 444.6 17.8 12.75 0.0 18.6 1912 602.6 139.7 1912N 1848.0 47 465.0 49 72.01 0 19.29 77.3 5973 238.90XB 331/191 2504 10.0
*Shriram EPC Ltd. 10 2003 971.5 12 681 -81.0 -0.8 - 0.5 - 2003 121.1 -91.4 - - 33 - - 28.75 64 66.55 20.3 543 5.59 14/2 1085 -
78 REFINERIES
IND.COMPOSITE 23381 1513522 3 5343 36
Adani Gas 1 2003 110.0 13 1875 436.2 4.0 0.25 0.3 29.5 2003 462.3 122.1 - - 13 - - 74.80 0 20.68 108.8 18202 165.50 195/77 18388 41.7
Bharat Petroleum 10 2003 2169.3 154 284383 2683.2 12.4 21.67 0.7 8.0 2003 68991.4 -1361.0 - - -4 - - 52.97 0 31.88 223.1 85317 393.30 550/252 112431 31.8
Chennai Petro. 10 2003 148.9 80 37117 -2077.6 -139.5 - 1.9 - 2003 8584.6 -1637.6 - - -9 - - 67.28 0 19.97 68.4 1244 83.55 213/48 7005 -
*Hind. Petrol 10 2003 1523.8 190 268766 2637.3 17.3 20.00 0.9 9.1 2003 66154.9 26.8 - - -2 - - 51.11 0 39.36 247.1 35162 230.75 329/155 60177 13.3
*Indian Oil Corp 10 2003 9414.2 100 486256 1313.2 1.4 4.25 0.8 1.4 2003 118439.1 -5185.3 - - -8 - - 51.49 0 20.58 586.5 83880 89.10 158/71 167049 63.9
*Mangalore Refine 10 2003 1752.6 45 60752 -2707.7 -15.4 - 0.8 - 2003 17545.1 -1596.4 - - -8 - - 88.58 0 4.97 310.9 6879 39.25 63/21 14469 -
PetronetLNG 10 1903 1500.0 67 38395 2155.4 14.4 1.25 0.0 21.4 1912 8910.2 675.2 1912N 26884.8 -10 2338.6 36 49.99 0 37.10 311.2 39765 265.10 302/171 36906 14.3
*Reliance Inds. 10 2003 6761.8* 706 335978 30903.0 45.7 5.50 0.4 6.5 2003 73956.0 2580.0 - - -9 - - 49.14 0 37.33 2579.0 1178319 1742.60 1804/900 1331746 38.1
79 RETAIL
IND.COMPOSITE 1844 74894 2378 70
Aditya Birla Fashion 10 2003 774.0* 14 8743 -145.2 -1.9 - 0.8 - 2003 1817.4 -140.3 - - 12 - - 59.06 0 29.77 151.7 10004 129.25 285/97 11144 -
Avenue Supermarts 10 2003 647.8 172 24675 1349.9 20.8 - 0.1 12.1 2003 6193.5 286.9 - - 24 - - 74.98 0 16.17 261.1 148693 2295.45 2559/1290 148905 110.2
Future Enterprises 2 1903 91.0 87 4566 24.0 0.5 - 1.6 0.6 1912 1278.8 3.0 1912N 3699.6 11 6.4 129 50.72 88 4.52 50.0 758 16.67 36/8 7039 14.4
Future Lifestyle 2 1903 40.4 82 5377 145.4 7.2 1.40 0.5 8.8 1912 1666.6 56.8 1912N 4620.1 13 90.1 -17 45.77 100 41.53 35.7 3021 149.70 500/91 3710 23.9
Future Retail L 2 1903 108.4 71 20165 732.8 13.5 - 0.7 19.0 1912 5129.7 170.7 1912N 15673.0 6 504.4 -5 41.73 75 23.29 96.2 7724 142.45 489/61 10025 10.9
Kewal Kiran Clothing 10 2003 12.3 362 530 73.0 59.3 43.00 0.2 16.4 2003 126.6 15.8 - - 9 - - 74.25 0 21.15 5.2 923 749.00 1231/572 963 12.6
*Shoppers Stop 5 2003 44.0 16 3381 -140.9 -16.0 - 0.0 - 2003 709.2 -132.8 - - -1 - - 63.85 13 28.08 16.8 1593 181.10 510/131 1577 -
Spencer's Retail 5 1903 39.8 75 2187 7.9 1.0 - 0.0 1.3 1912 607.1 -17.1 1912N 1819.7 9 -31.8 -717 54.70 0 8.97 64.4 701 88.20 112/53 482 -
Trent Ltd. 1 2003 35.5 70 3178 154.6 4.3 1.00 0.2 6.2 2003 722.8 2.6 - - 32 - - 37.00 0 36.76 66.1 24470 688.35 804/368 24813 158.3
V Mart Retail 10 2003 18.2* 253 1662 49.3 27.2 - 0.0 10.8 2003 332.7 -8.4 - - 22 - - 51.98 0 38.59 21.9 3107 1710.50 2545/1294 3091 63.0
Vaibhav Global 10 2003 32.4* 167 431 127.4 39.3 33.74 0.1 23.6 2003 92.3 106.1 - - -4 - - 58.61 0 31.28 5.5 4062 1254.65 1493/490 3948 31.9
80 RUBBER
IND.COMPOSITE 10 496 17 15
Apcotex Industries L 2 2003 10.4 48 496 16.6 3.2 3.00 0.0 6.6 2003 115.6 3.1 - - -20 - - 58.01 0 0.66 22.9 654 126.15 245/64 648 39.3
81 SERVICES - OTHERS
IND.COMPOSITE 572 19999 1030 29
*BLS International Se 1 2003 10.2 4 53 23.1 2.3 0.04 0.2 55.5 2003 13.4 1.8 - - -0 - - 74.24 0 3.20 17.4 697 68.05 105/27 691 30.2
*CARE Ratings 10 2003 29.5 180 219 80.5 27.3 19.50 0.0 15.1 2003 57.7 13.9 - - -25 - - 0.00 0 53.67 55.2 1238 420.25 951/236 1218 15.4
Central Depository 10 2003 104.5 55 168 77.3 7.4 - 0.0 13.6 2003 45.3 21.0 - - 7 - - 20.00 0 43.69 144.9 2870 274.65 302/180 2839 37.1
Crisil 1 1912 7.2* 105 1179 266.3 36.7 32.00 0.0 35.1 2003 299.1 81.1 2003Q 299.1 3 81.1 59 67.24 0 17.66 33.2 11674 1610.30 2070/1084 11623 39.4
ICRA Ltd. 10 1903 9.7 568 230 96.0 99.4 30.00 0.0 17.5 1912 52.7 15.9 1912N 155.0 -10 43.9 -42 51.86 0 39.92 12.5 2520 2611.45 3295/1968 2181 39.3
IndiaMART InterMESH 10 2003 28.9 95 624 146.2 50.6 10.00 0.0 53.3 2003 165.8 40.0 - - 26 - - 52.34 0 15.31 18.0 6935 2398.15 2862/952 6862 47.4
Just Dial 10 2003 64.9 198 953 272.3 42.0 - 0.0 21.1 2003 234.9 76.1 - - 9 - - 33.43 2 57.34 40.4 2547 392.50 825/251 2511 9.4
Matrimony.com 5 2003 11.4* 99 367 28.7 12.6 3.50 0.0 12.7 2003 92.9 7.9 - - 8 - - 50.43 0 43.15 8.5 854 375.10 717/251 789 29.8
Nesco Ltd. 2 2003 14.1 192 432 233.8 33.2 0.44 0.0 17.3 2003 117.7 52.9 - - 18 - - 68.32 0 8.30 25.9 3108 441.15 817/381 3104 13.3
Nxtdigital L 10 1903 20.6 958 45 -47.2 -23.0 17.50 0.3 - 1912 12.8 11.3 1912N 34.9 -5 -70.1 -1 70.82 0 6.52 8.7 830 404.00 489/192 1376 -
Quess Corp 10 2003 147.6* 157 7740 -336.9 -22.8 - 0.2 - 2003 2179.4 -507.9 - - 36 - - 54.86 0 31.22 93.1 5579 378.00 639/165 5749 -
Security and Intelli 5 2003 73.3* 52 2996 86.3 5.9 2.00 0.7 11.4 2003 785.9 -53.6 - - 21 - - 74.33 0 18.62 16.9 5766 393.15XS 624/324 6107 66.8
*TeamLease Service 10 2003 17.1 333 4783 41.6 24.3 - 0.0 7.3 2003 1221.9 -28.7 - - 17 - - 40.01 1 51.27 8.4 2912 1703.45 3192/1421 2802 70.0
Zee Learn Ltd. 1 1903 32.6 13 210 61.7 1.9 0.10 0.4 14.9 1912 34.9 12.7 1912N 142.9 14 52.2 40 57.17 81 23.57 94.8 551 16.89 28/11 709 7.2
82 SHIP - DOCKS/BREAKI NG/ REPAIRS
IND.COMPOSITE 730 5591 1094 9
*Cochin Shipyard 10 2003 131.5 284 3422 637.7 48.5 16.63 0.0 17.1 2003 816.7 138.8 - - 20 - - 72.86 0 15.12 154.8 4201 319.35 491/209 1801 6.6
*Garden Reach Ship 10 2003 114.6 91 1433 163.5 14.3 7.14 0.0 15.7 2003 456.7 49.7 - - 9 - - 74.50 0 18.12 18.1 2420 211.25 249/105 431 14.8
*Gujarat Pipavav Port 10 2003 483.4 43 735 292.4 6.0 5.60 0.0 14.0 2003 161.9 47.9 - - 10 - - 43.00 0 47.85 49.2 3776 78.10 99/46 3242 12.9
83 SHIPPING
IND.COMPOSITE 638 7661 713 9
Great Eastern 10 2003 147.0 345 2871 280.7 19.1 8.10 0.7 5.5 2003 809.2 -12.6 - - 9 - - 28.82 0 44.05 61.0 3216 218.85 369/169 4697 11.5
*Seamec Ltd. 10 2003 25.4 188 365 130.1 51.2 1.00 0.0 27.3 2003 90.6 25.6 - - 42 - - 71.51 0 2.73 9.8 969 381.20 530/195 971 7.4
Shipping Corpn. 10 2003 465.8 157 4425 302.4 6.5 0.75 0.6 4.1 2003 1313.8 113.8 - - 10 - - 63.74 0 17.29 154.6 2706 58.10 70/25 5822 9.0
84 SUGAR
IND.COMPOSITE 542 34679 1111 8
*Avadh Sugar & Energy 10 2003 20.0* 296 2559 88.6 44.3 4.00 2.8 15.0 2003 773.1 60.5 - - 12 - - 60.35 24 0.46 18.8 376 188.00XB 378/89 1776 4.2
Bajaj HindusthanSuga 1 1903 113.4 30 6804 -64.1 -0.6 - 1.6 - 1912 1722.8 -45.5 1912N 4803.7 3 -151.1 51 15.43 100 46.18 171.5 906 7.99 8/2 6228 -
*Balrampur Chini 1 2003 22.0 108 4741 509.3 23.1 2.50 0.8 21.5 2003 1740.0 234.8 - - 1 - - 41.10 73 35.38 85.9 2891 131.40 195/69 4560 5.7
*Bannari Amman Su 10 2003 12.5 1017 1609 95.6 76.3 10.00 0.6 7.5 2003 478.4 31.3 - - 34 - - 58.69 0 0.25 6.3 1318 1050.70 1600/636 2051 13.8
*Dalmia Bharat Sugar 2 2003 16.2 201 2035 198.0 24.5 2.00 0.6 12.2 2003 550.1 62.0 - - 3 - - 74.91 0 2.24 19.8 897 110.80 134/40 1846 4.5
Dhampur Sugar 10 2003 66.4 207 3354 211.4 31.8 6.00 1.3 15.4 2003 1047.0 103.3 - - 19 - - 49.08 1 5.22 42.5 859 129.35 246/66 2519 4.1
*Dwarikesh Sugar 1 2003 18.8 26 1336 73.5 3.9 1.00 1.4 15.2 2003 461.7 44.3 - - 0 - - 42.07 0 3.65 40.9 481 25.55 42/13 1115 6.5

48 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

 AUDITED ANNUAL LATEST QTR. YEAR TO DATE SHAREHOLDINGS MARKET RELATED DATA

Inst. Stake (%)

Trailing P/E Ratio

Sales Growth (%)

No. of Shareholder
Prom. Stake (%)
Latest Qtr. Year

Pledged (%)

Entprise Value
NP Growth (%)
Year / Months

Year / Months

(26/06/20)
Sales (` Cr)
CEqt. (` Cr)

Market Cap
Face Value

RONW (%)
Company Name
Bk Val (`)

High/Low
NP (` Cr)
NP (` Cr)

52-Week
DERatio

CMP (`)
EPS (`)

(in’ 000)
Div (`)

(` Cr)

(` Cr)

(` Cr)

(` Cr)

(` Cr)
Sales

Sales
NP
*EID Parry 1 2003 17.7 97 1875 1.8 0.1 - 0.4 0.1 2003 608.4 68.8 - - -1 - - 44.75 0 8.72 50.3 4821 272.40 280/100 5524 -
Shree Renuka Sugars 1 1903 191.7 -3 4297 -381.9 -2.0 - -4.8 - 1912 975.6 -188.7 1912N 3256.8 9 -383.7 0 58.33 45 26.76 158.5 1969 10.27 11/3 4463 -
*Triveni Eng.&Ind.Ltd 1 2003 24.8 51 4424 327.5 13.2 1.10 1.5 25.8 2003 1488.6 147.1 - - 28 - - 68.34 0 7.73 45.9 1397 56.35 88/29 2992 4.3
*Uttam Sugar Mills 10 2003 38.1 75 1645 51.6 13.5 - 2.6 18.1 2003 556.7 34.9 - - 24 - - 74.99 33 0.02 15.9 304 79.75 134/39 895 5.9
85 TELECOMMUNICATIONS - E QUIPMENT
IND.COMPOSITE 13406 7183 -1499 31
*GTL Infrastructure 10 2003 12319.1 -0 1417 -1863.5 -1.5 - 0.3 - 2003 369.5 -1120.7 - - -9 - - 3.41 100 66.39 190.5 887 0.72 1/0 1071 -
HFCL 1 2003 128.4* 13 3547 203.8 1.6 - 0.4 12.4 2003 610.8 2.0 - - -10 - - 38.64 68 6.38 217.6 1970 15.34 22/8 2349 9.7
*ITI 10 2003 925.1 25 2059 150.9 1.6 - -2.3 6.5 2003 650.5 36.5 - - 36 - - 90.30 0 0.03 60.7 9964 107.70 114/45 11137 66.1
Nelco Ltd 10 2003 22.8 23 38 13.7 6.0 1.20 0.8 26.6 2003 10.2 1.7 - - 14 - - 50.20 0 5.83 23.2 446 195.60 313/109 476 32.6
Prabhat Technologies 10 1903 10.7 24 122 -4.0 -3.8 - 3.9 - 1912 0.2 -3.2 1912N 22.8 -75 -8.7 5 68.76 0 1.71 0.3 376 351.00 433/262 472 -
86 TEXTILES
IND.COMPOSITE 2090 72514 6818 13
Alok Industries Ltd. 1 1903 221.1* -63 3129 2282.1 10.3 - -1.8 - 1912 824.9 -189.5 1912N 2453.3 4 -409.6 89 6.14 100 3.24 229.0 10655 48.20 48/1 33449 1.9
Ambika Cotton Mi 10 1903 5.7 829 656 63.2 110.4 30.00 0.2 13.3 1912 164.9 16.2 1912N 476.3 -5 41.8 -16 50.17 0 4.49 11.0 401 700.10 1103/421 468 7.3
Arvind Fashions 4 1903 31.5* 209 1010 61.5 7.8 - 0.1 3.7 1912 199.1 -4.3 1912N 648.8 -18 -4.8 -112 35.58 0 36.51 167.3 1400 178.05XR 557/111 1470 88.5
Arvind Ltd. 10 1903 258.8 109 6436 199.4 7.7 2.00 0.9 7.1 1912 1695.7 54.0 1912N 5215.8 9 147.6 8 44.75 0 28.19 193.3 911 35.20 71/19 3385 4.3
*Black Rose Industrie 1 U2003 5.1 13 252 20.0 3.9 - 0.5 29.8 2003 66.2 4.2 - - 18 - - 74.99 0 0.26 19.5 718 140.70 163/46 739 36.0
*Bombay Dyeing 2 2003 41.3 3 1895 327.9 15.9 0.20 21.9 554.2 2003 313.1 47.8 - - -4 - - 53.65 0 5.19 133.3 1580 76.50 118/36 5449 4.8
Cantabil Retail Indi 10 1903 16.3 70 289 12.5 7.7 - 0.3 10.9 1912 103.3 11.3 1912N 238.1 22 11.9 58 74.22 0 0.06 4.8 464 284.45 358/187 501 27.5
*Century Enka 10 2003 21.9 469 1423 95.5 43.7 8.00 0.0 9.3 2003 344.3 21.9 - - -20 - - 24.79 0 7.89 42.2 393 179.75 238/100 407 4.1
Cheviot Co Ltd 10 2003 6.5 964 458 48.1 74.4 48.00 0.0 7.7 2003 114.8 3.5 - - 18 - - 74.99 0 0.15 8.9 381 589.65 919/450 365 7.9
Dollar Industries 2 1903 11.3 74 1029 75.3 13.3 0.20 0.5 18.0 1912 254.8 19.6 1912N 731.7 0 46.1 -12 72.20 0 7.24 8.6 818 144.25 265/94 1008 11.9
Filatex India 2 2003 44.2* 27 2782 121.5 5.5 - 1.2 20.4 2003 667.3 21.0 - - -2 - - 60.60 37 5.40 6.9 571 25.85 52/16 1074 4.7
*Ganesha Ecosphere 10 2003 21.8 219 889 63.9 29.3 2.00 0.2 13.4 2003 201.7 16.3 - - -10 - - 40.35 0 15.71 9.6 478 219.05 390/138 551 7.5
Garware Tech. Fibres 10 1903 21.9 297 1018 125.6 57.4 5.00 0.2 19.3 1912 235.8 28.9 1912N 700.5 -4 104.8 18 50.70 0 10.72 16.8 3068 1402.15 1694/873 3165 21.7
Himatsingka Seid 5 1903 49.2 147 1745 236.0 24.0 5.00 1.5 16.3 1912 431.2 21.1 1912N 1325.2 0 136.0 -20 47.56 0 20.16 33.2 664 67.45 174/43 2641 3.3
*Indo Count Inds. 2 2003 39.5 49 2019 73.8 3.7 0.60 0.3 7.6 2003 400.3 14.6 - - 16 - - 58.93 0 7.85 49.2 755 38.25 67/22 1021 10.2
Indo Rama Synth. 10 U2003 261.1 0 2122 -316.1 -12.1 - 2.1 - 2003 476.6 -49.8 - - 31 - - 81.71 0 5.01 16.8 450 17.22 35/8 905 -
Jindal Worldwide 1 1903 20.1 17 2114 26.4 1.3 0.05 1.1 7.6 1912 403.3 9.3 1912N 1488.0 6 26.7 23 61.14 14 2.82 3.0 894 44.60 78/25 1260 28.4
Kitex Garments 1 1903 6.7 89 607 81.5 12.2 1.07 0.1 13.8 1912 250.9 36.6 1912N 592.9 39 89.5 57 55.57 0 0.22 32.9 760 114.35 171/70 748 6.7
KPR Mill Ltd. 5 1903 34.4 219 2979 289.1 42.0 0.75 0.4 19.1 1912 686.2 80.8 1912N 2180.2 3 254.3 11 75.19 0 17.66 10.8 3401 494.25 714/317 3969 10.8
Lux Industries 2 1903 5.1 164 1209 101.3 40.1 3.50 0.4 24.5 1912 303.6 33.4 1912N 918.5 12 95.5 50 69.50 0 8.19 11.6 2900 1148.55 1680/813 3076 21.8
*Monte Carlo Fashions 10 2003 20.7 263 726 62.7 30.2 5.00 0.1 11.5 2003 109.5 -10.2 - - 10 - - 68.19 0 4.32 35.3 341 164.30 317/128 350 5.4
*Page Industries Ltd. 10 2003 11.2 735 2945 343.2 307.7 161.00 0.1 41.9 2003 541.3 31.0 - - 7 - - 48.31 0 39.19 70.4 22438 20117.10 26891/16187 22467 65.4
PDS Multi. Fashions 10 1903 26.0 42 39 1.1 0.4 - 0.2 1.0 1912 10.6 -0.7 1912N 29.7 7 1.9 6133 66.64 0 4.68 13.3 721 277.00 416/240 737 242.8
*Rajapalayam Mill 10 2003 7.4 404 358 6.4 8.7 1.00 1.3 2.1 2003 88.5 4.3 - - -9 - - 53.32 0 2.98 4.7 447 605.65 885/390 839 69.7
Raymond Ltd 10 1903 66.6 206 3276 73.8 11.1 3.00 1.1 5.4 1912 933.2 33.1 1912N 2540.1 6 73.7 58 69.78 0 30.05 118.7 1951 293.10 838/210 3323 19.4
*Rupa & Company L 1 U2003 8.0 82 941 80.1 10.1 - 0.3 12.2 2003 176.5 4.8 - - 7 - - 73.27 0 0.01 12.6 1495 188.05 276/102 1663 18.7
Siyaram Silk 2 1903 9.4 162 1815 101.2 21.6 0.60 0.5 13.4 1912 417.7 8.2 1912N 1231.3 0 48.4 -11 67.16 0 15.10 14.2 610 130.15 315/94 1014 6.4
SRF Ltd. 10 2003 57.5 815 6331 974.2 169.5 14.00 0.7 20.8 2003 1646.5 174.6 - - 0 - - 52.32 0 29.60 59.0 20705 3602.15 4259/2492 23271 21.3
*Sutlej Textiles & In 1 2003 16.4 59 2379 36.1 2.2 0.13 0.9 3.7 2003 528.9 -10.2 - - -5 - - 63.89 3 0.02 10.3 365 22.30 39/15 1180 10.1
SVP Global Ventures 10 1903 12.7 26 105 8.9 7.1 - 6.4 27.3 1912 30.9 0.9 1912N 73.8 -24 3.6 -56 68.71 0 0.00 0.9 406 321.20 422/248 606 92.1
Swan Energy Ltd. 1 1903 24.4 39 860 2.3 0.1 0.10 0.1 0.2 1912 86.7 0.5 1912N 210.6 -73 3.3 -91 64.89 15 12.35 7.3 3152 129.05 155/97 3220 -
*TCNS Clothing 2 2003 12.3 107 1149 69.4 11.3 - 0.0 10.5 2003 219.2 -23.8 - - 8 - - 32.33 0 22.86 17.6 2134 347.15 838/300 2111 30.7
Trident Ltd. 1 2003 509.6 6 4699 341.8 0.7 0.36 0.7 11.5 2003 990.5 39.6 - - -1 - - 71.06 0 2.09 151.3 3465 6.80Xs 8/3 5536 -
*Vardhman Textiles Lt 10 2003 57.5 985 6325 545.5 94.8 - 0.4 9.6 2003 1491.2 133.1 - - 2 - - 62.20 0 28.16 19.8 3860 671.05 1105/593 5759 7.1
Vishal Fabrics Ltd. 5 1903 22.0 49 998 17.9 4.1 - 1.5 8.2 1912 326.5 8.4 1912N 953.1 34 25.0 147 68.13 26 8.13 0.5 1133 258.00 413/134 1453 34.6
Voith Paper Fabrics 10 1903 4.4 484 112 23.1 52.6 5.00 0.0 10.9 1912 35.1 7.6 1912N 91.1 14 19.3 14 74.04 0 1.18 4.1 454 1034.55 1223/640 329 17.8
Welspun India 1 1903 100.5 25 5395 141.8 1.4 0.30 0.9 5.7 1912 1337.3 96.9 1912N 4233.5 2 415.1 124 68.89 0 13.78 73.3 3627 36.10 59/18 5794 9.8
87 TRADING
IND.COMPOSITE 465 58101 1189 19
Adani Enterprises Lt 1 2003 110.0 34 16209 698.9 6.4 1.00 0.9 18.6 2003 4000.6 -80.6 - - 19 - - 74.91 50 21.93 80.1 17828 162.10 261/116 20322 25.5
Best Agrolife 10 1903 8.0 64 128 0.1 0.1 0.10 0.0 0.2 1912 22.2 0.5 1912N 67.3 4 1.2 923 5.10 0 14.29 1.1 333 418.00 418/44 334 242.7
Grandeur Products 10 1903 22.3 21 4 0.2 0.1 - 0.3 0.5 1912 0.0 -0.4 1912N 0.0 -85 -1.4 -29 25.62 73 0.00 0.6 580 260.00 378/230 594 -
India Motor Part 10 1903 12.5* 809 512 40.4 32.4 18.00 0.0 4.0 1912 139.2 10.3 1912N 399.5 5 35.1 33 30.71 0 8.52 7.6 656 525.25XB 714/374 653 13.3
*KRBL Ltd. 1 2003 23.5 132 4499 559.4 23.8 2.80 0.5 17.9 2003 1062.3 150.1 - - 18 - - 59.45 0 7.00 36.4 5958 253.10 320/91 7368 10.7
LT Foods Ltd. 1 2003 32.0 27 2350 85.2 2.7 0.50 0.8 9.8 2003 572.1 15.6 - - 10 - - 56.79 2 7.73 76.9 1291 40.35 46/13 1943 15.2
MMTC Ltd. 1 1903 150.0 10 28979 81.4 0.5 0.30 0.6 5.5 1912 7461.5 1.0 1912N 20637.8 -6 44.3 -36 89.92 0 4.13 111.0 2558 17.05 27/10 3424 -
MSTC Ltd. 10 1903 70.4 30 2927 -324.5 -46.1 - 2.9 - 1912 190.1 29.6 1912N 761.3 -65 79.2 123 64.74 0 10.94 13.2 940 133.50 235/70 1206 -
*Shankara Building Pr 10 2003 22.8 149 2494 27.3 11.9 2.00 0.5 8.0 2003 642.5 7.1 - - 3 - - 56.43 0 29.80 20.7 855 374.20 583/215 1007 31.3
Uniphos Enterprises 2 1903 13.9 367 0 20.8 3.0 - 0.0 0.8 1912 0.0 1.1 1912N 0.0 -43 21.0 6 72.19 0 15.09 11.4 428 61.60 90/31 427 19.5
88 TRANSPORT
IND.COMPOSITE 320 8987 502 53
*Container Corpor 5 2003 304.6 165 6474 375.8 6.2 6.84 0.1 3.7 2003 1568.6 294.5 - - -3 - - 54.79 0 40.39 78.0 26422 433.65 665/263 26952 70.3
TCI Ltd. 2 2003 15.4 124 2513 126.4 16.5 2.00 0.5 13.3 2003 625.7 31.3 - - 1 - - 66.86 0 11.83 23.6 1308 170.20 315/121 1691 10.3
89 TYRES AND TUBES
IND.COMPOSITE 363 48155 3223 21
Apollo Tyres 1 2003 57.2 134 11062 508.6 8.9 - 0.4 6.6 2003 2430.0 128.3 - - -7 - - 40.90 16 39.93 193.3 6350 111.00 205/74 8869 12.5
*Balkrishna Ind. 2 2003 38.7 260 4782 945.0 48.9 20.00 0.2 18.8 2003 1357.3 257.3 - - -12 - - 58.29 0 29.72 55.0 24024 1242.70 1298/678 24797 25.4
Birla Tyres 10 1903 142.6 10 0 -0.0 -0.0 - 0.0 - 2006 2.1 -0.6 - - - - - 53.13 45 3.73 89.2 651 45.65 46/3 651 -
Ceat Ltd. 10 2003 40.5 724 6581 270.8 66.9 12.00 0.4 9.2 2003 1523.6 55.8 - - -0 - - 46.68 0 37.09 76.5 3748 926.50 1101/602 4905 13.8
*Goodyear India 10 2003 23.1 397 1746 88.8 38.5 13.00 0.0 9.7 2003 375.0 12.7 - - -8 - - 73.99 0 9.85 21.2 1778 770.60 1187/531 1219 20.1
*JK Tyre & Industries 2 2003 49.2 88 6095 228.7 9.3 0.70 1.5 10.6 2003 1351.4 -8.1 - - -18 - - 56.22 0 3.53 144.7 1601 65.00 88/32 4510 7.0
MRF Ltd 10 1903 4.2 25119 15837 1096.9 2586.3 60.00 0.1 10.3 1912 4008.9 236.6 1912N 12366.0 5 725.5 -10 27.87 0 23.00 63.2 28163 66405.10 73500/50000 29567 27.6
*TVS Srichakra Lt 10 2003 7.7 995 2052 84.4 110.3 - 0.6 11.1 2003 417.1 24.5 - - -9 - - 45.36 0 7.11 29.2 1103 1440.05 2060/760 1496 13.1

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 49

Databank
Ticker Company Ind. Book NSE
Code Closure Code
532628 3i Infotech 23 5-Dec-19 3IINFOTECH
523395 3M India Ltd. 30 10-Aug-19 3MINDIA
540776 5Paisa Capital 46 23-Jun-20 5PAISA
526881 63 Moons Technologie 23 12-Sep-19 63MOONS
524348 Aarti Drugs Ltd 71 30-Jul-19 AARTIDRUGS
524208 Aarti Ind. Ltd 19 14-Sep-18 AARTIIND
541988 Aavas Financiers 45 - AAVAS
500002 ABB India 33 18-Jul-20 ABB
543187 ABB Power Products 33 - POWERINDIA
500488 Abbott India Ltd. 71 1-Sep-20 ABBOTINDIA
500410 ACC 16 7-Mar-19 ACC
532268 Accelya Solutions In 23 14-Oct-19 ACCELYA
532762 Action Construction 38 20-Sep-19 ACE
512599 Adani Enterprises Lt 87 19-Jun-20 ADANIENT
542066 Adani Gas 78 19-Jun-20 ADANIGAS
541450 Adani Green Energy 75 18-Jun-20 ADANIGREEN
532921 Adani Ports & Speci 63 19-Jun-20 ADANIPORTS
533096 Adani Power Ltd. 75 18-Jun-20 ADANIPOWER
539254 Adani Transmission L 76 18-Jun-20 ADANITRANS
519183 ADF Foods Ltd. 40 19-Sep-19 ADFFOODS
540691 Aditya Birla Capital 46 21-Aug-18 ABCAPITAL
535755 Aditya Birla Fashion 79 18-Jul-15 ABFRL
517041 Ador Welding Ltd. 37 20-Jul-19 ADORWELD
540025 Advanced Enzyme Tech 49 11-Jul-20 ADVENZYMES
500003 Aegis Logistics Ltd. 56 23-Jul-19 AEGISCHEM
542752 Affle (India) 39 - AFFLE
500463 AGC Networks 23 20-Sep-19 AGCNET
500215 Agro Tech Foods Ltd. 32 10-Jul-19 ATFL
532811 Ahluwalia Contra 24 19-Sep-19 AHLUCONT
532683 AIA Engineering 15 6-Aug-19 AIAENG
532331 Ajanta Pharma Lt 71 23-Jul-20 AJANTPHARM
513349 Ajmera Realty & Infr 24 26-Sep-19 AJMERA
500710 Akzo Nobel India 67 2-Aug-19 AKZOINDIA
506235 Alembic Ltd. 71 20-Sep-19 ALEMBICLTD
533573 Alembic Pharmaceutic 71 22-Jul-19 APLLTD
531147 Alicon Castalloy 15 22-Jul-19 ALICON
539523 Alkem Laboratories 71 - ALKEM
506767 Alkyl Amines Che 19 30-Jul-19 ALKYLAMINE
532749 Allcargo Logistics 56 6-Aug-18 ALLCARGO
521070 Alok Industries Ltd. 86 18-Dec-19 ALOKINDS
500008 Amara Raja Batt. 6 15-Jul-19 AMARAJABAT
540902 Amber Enterprises 25 17-Aug-19 AMBER
531978 Ambika Cotton Mi 86 21-Sep-19 AMBIKCO
500425 Ambuja Cements Ltd. 16 1-Mar-19 AMBUJACEM
590006 Amrutanjan Health Ca 71 19-Sep-19 AMRUTANJAN
515055 Anant Raj Ltd. 24 24-Sep-19 ANANTRAJ
502330 Andhra Paper 68 21-Aug-15 ANDHRAPAP
526173 Andrew Yule & Co 73 12-Sep-19 -
518091 Anjani Portland 16 22-Aug-19 APCL
506260 Anuh Pharma Ltd 71 19-Aug-19 -
532259 Apar Industries 35 2-Aug-19 APARINDS
523694 Apcotex Industries L 80 25-Jul-20 APCOTEXIND
540692 Apex Frozen Foods 40 13-Sep-19 APEX
533758 APL Apollo Tubes 53 21-Sep-19 APLAPOLLO
508869 Apollo Hospitals 50 19-Sep-20 APOLLOHOSP
531761 Apollo Pipes 74 21-Sep-19 APOLLOPIPE
538566 Apollo TriCoat Tubes 56 21-Sep-19 -
500877 Apollo Tyres 89 25-Jul-19 APOLLOTYRE
532475 Aptech Ltd. 23 21-Jul-19 APTECHT
531179 Arman Financial Serv 46 17-Sep-19 ARMANFIN
537069 Arnold Holdings 46 21-Sep-19 -
506074 Arshiya 56 24-Sep-19 ARSHIYA
542484 Arvind Fashions 86 3-Aug-19 ARVINDFASN
500101 Arvind Ltd. 86 31-Jul-19 ARVIND
515030 Asahi India Glass 47 31-Jul-19 ASAHIINDIA
527001 Ashapura Min. Lt 62 21-Dec-19 ASHAPURMIN
523716 Ashiana Housing Ltd. 24 26-Aug-19 ASHIANA
500477 Ashok Leyland 8 25-Jul-19 ASHOKLEY
533271 Ashoka Buildcon Ltd. 24 11-Sep-19 ASHOKA
532888 Asian Granito India 18 24-Sep-19 ASIANTILES
530355 Asian Oilfield S 65 12-Sep-19 -
500820 Asian Paints Ltd. 67 25-Jul-20 ASIANPAINT
507526 Asso. Alcohols 11 8-Sep-19 ASALCBR
533138 Astec Lifesciences L 69 18-Jul-20 ASTEC
540975 Aster DM Healthcare 50 - ASTERDM
532493 Astra Microwave 37 8-Aug-19 ASTRAMICRO
532830 Astral Poly Technik 74 27-Jul-19 ASTRAL
506820 AstraZeneca Pharma I 71 3-Sep-18 ASTRAZEN
514394 Atlas Jewellery 29 19-Sep-19 -
531795 Atul Auto Ltd 5 24-Sep-19 ATULAUTO
500027 Atul Ltd. 31 13-Jul-19 ATUL
540611 Au Small Finance Ban 43 20-Jul-19 AUBANK
524804 Aurobindo Pharma 71 23-Aug-19 AUROPHARMA
50 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
Company Index
Ticker Company Ind. Book NSE
Code Closure Code
505010 Automotive Axles 6 9-Aug-19 AUTOAXLES
540649 Avadh Sugar & Energy 84 5-Jun-19 AVADHSUGAR
512573 Avanti Feeds Lim 4 1-Aug-19 AVANTIFEED
540376 Avenue Supermarts 79 14-Aug-19 DMART
519105 AVT Natural Prod 32 3-Aug-19 AVTNPL
532215 Axis Bank Ltd. 43 6-Jul-19 AXISBANK
532977 Bajaj Auto Ltd. 5 13-Jul-19 BAJAJ-AUTO
533229 Bajaj Consumer Care 40 9-Jul-19 BAJAJCON
500031 Bajaj Electricals 25 27-Jul-19 BAJAJELEC
500034 Bajaj Finance L 46 13-Jul-19 BAJFINANCE
532978 Bajaj Finserv Ltd. 46 13-Jul-19 BAJAJFINSV
539872 Bajaj Healthcare 71 23-Sep-19 -
500032 Bajaj HindusthanSuga 84 14-Sep-19 BAJAJHIND
500490 Bajaj Holdings & Inv 46 13-Jul-19 BAJAJHLDNG
530999 Balaji Amines Li 19 1-Aug-20 BALAMINES
532382 Balaji Telefilms Ltd 39 24-Aug-19 BALAJITELE
502355 Balkrishna Ind. 89 8-Jul-19 BALKRISIND
523319 Balmer Lawrie & 30 12-Sep-19 BALMLAWRIE
532485 Balmer Lawrie Invest 46 12-Sep-19 -
500038 Balrampur Chini 84 24-Aug-19 BALRAMCHIN
500039 Banco Products 6 9-Aug-19 BANCOINDIA
541153 Bandhan Bank 43 22-Jun-19 BANDHANBNK
532134 Bank of Baroda 44 20-Jun-19 BANKBARODA
532149 Bank of India 44 24-Jun-19 BANKINDIA
532525 Bank of Maharash 44 21-Jun-19 MAHABANK
500041 Bannari Amman Su 84 6-Sep-19 BANARISUG
500042 BASF India Lt 19 24-Jul-20 BASF
500043 Bata India 55 31-Jul-20 BATAINDIA
506285 BayerCropscience 69 29-Jul-20 BAYERCROP
539018 Beekay Steel Indus 53 14-Sep-19 -
500048 BEML Ltd. 38 21-Sep-19 BEML
533095 Bengal & Assam Compa 46 21-Aug-19 -
509480 Berger Paints I 67 19-Sep-20 BERGEPAINT
539660 Best Agrolife 87 22-Sep-19 -
533303 BF Investment Ltd. 46 25-Sep-19 BFINVEST
532430 BF Utilities Ltd. 75 25-Sep-18 BFUTILITIE
530803 Bhageria Industries 31 27-Aug-19 BHAGERIA
500052 Bhansali Engg.Po 70 19-Sep-20 BEPL
503960 Bharat Bijlee 35 2-Sep-19 BBL
541143 Bharat Dynamics 38 21-Sep-19 BDL
500049 Bharat Electroni 33 22-Aug-19 BEL
500493 Bharat Forge 15 3-Aug-19 BHARATFORG
500103 Bharat Heavy Ele 38 13-Sep-19 BHEL
500547 Bharat Petroleum 78 23-Aug-19 BPCL
590021 Bharat Rasayan 69 19-Sep-19 BHARATRAS
540700 Bharat Road Network 24 - BRNL
532454 Bharti Airtel 64 4-Aug-18 BHARTIARTL
534816 Bharti Infratel Ltd. 52 5-Aug-15 INFRATEL
532523 Biocon 71 22-Jul-17 BIOCON
500335 Birla Corporation Lt 16 7-Aug-19 BIRLACORPN
542932 Birla Tyres 89 - BIRLATYRE
532400 Birlasoft 23 12-Aug-17 BSOFT
514183 Black Rose Industrie 86 13-Sep-19 -
506197 Bliss GVS Pharma 71 14-Sep-19 BLISSGVS
540073 BLS International Se 81 20-Sep-19 BLS
526612 Blue Dart Expres 27 24-Jul-19 BLUEDART
500067 Blue Star 25 3-Aug-19 BLUESTARCO
524370 Bodal Chemicals 31 14-Sep-19 BODALCHEM
501425 Bombay Burmah 73 20-Jul-20 BBTC
500020 Bombay Dyeing 86 10-Jul-20 BOMDYEING
502219 Borosil Renewables 47 20-Dec-19 BORORENEW
500530 Bosch Ltd. 6 5-Aug-20 BOSCHLTD
532929 Brigade Enterprises 24 18-Sep-15 BRIGADE
532368 Brightcom Group 23 21-Sep-19 BCG
500825 Britannia Ind. 40 1-Jul-20 BRITANNIA
BSEEQ BSE 46 - BSE
532321 Cadila Healthcar 71 14-Aug-20 CADILAHC
532834 Camlin Fine Sciences 19 4-Aug-20 CAMLINFINE
511196 Can Fin Homes 45 20-Aug-20 CANFINHOME
532483 Canara Bank 44 19-Jul-19 CANBK
533267 Cantabil Retail Indi 86 19-Sep-19 CANTABIL
540710 Capacit'e Infraproje 24 22-Aug-19 CAPACITE
530879 Capital India Fin 46 21-Sep-19 -
524742 Caplin Point Lab 71 6-Sep-19 CAPLIPOINT
531595 Capri Global Capital 46 27-Jul-19 CGCL
513375 Carborundum Uni. 37 24-Jul-19 CARBORUNIV
534804 CARE Ratings 81 23-Sep-19 CARERATING
500870 Castrol India 58 24-Apr-20 CASTROLIND
519600 CCL Products India 73 3-Aug-19 CCL
500878 Ceat Ltd. 89 20-Jul-19 CEATLTD
532885 Central Bank 44 25-Jun-19 CENTRALBK
CDSLEQ Central Depository 81 13-Aug-18 CDSL
501150 Centrum Capital 46 6-Sep-19 CENTRUM
Ticker Company Ind. Book NSE
Code Closure Code
517544 Centum Electronics L 33 8-Sep-18 CENTUM
500280 Century Enka 86 3-Jul-19 CENTENKA
532548 Century Plyboards 54 29-Aug-19 CENTURYPLY
500040 Century Textiles 16 23-Jul-19 CENTURYTEX
532443 Cera Sanitaryware L 18 16-Jul-19 CERA
532413 Cerebra Integrat 22 25-Sep-19 CEREBRAINT
500084 CESC Ltd. 75 12-Jul-19 CESC
542333 CESC Ventures 23 12-Jul-19 CESCVENT
500093 CG Power and Indust 33 19-Aug-16 CGPOWER
542399 Chalet Hotels L 51 7-Aug-19 CHALET
500085 Chambal Fertilis 42 10-Sep-19 CHAMBLFERT
500110 Chennai Petro. 78 14-Aug-19 CHENNPETRO
526817 Cheviot Co Ltd 86 8-Aug-20 -
504973 Cholamandalam Financ 46 26-Jul-19 CHOLAHLDNG
511243 Cholamandalam Invest 46 24-Jul-19 CHOLAFIN
534758 Cigniti Technologies 23 20-Jul-19 CIGNITITEC
500087 Cipla 71 2-Aug-19 CIPLA
532210 City Union Bank 43 22-Aug-19 CUB
506390 Clariant Chemicals ( 31 7-Aug-20 CLNINDIA
533278 Coal India 62 14-Aug-19 COALINDIA
540678 Cochin Shipyard 82 7-Aug-19 COCHINSHIP
500830 Colgate Palm. 40 23-Jul-20 COLPAL
526829 Confidence Petroleum 57 24-Sep-19 CONFIPET
531344 Container Corpor 88 21-Aug-19 CONCOR
522295 Control Print Ltd. 22 15-Aug-19 CONTROLPR
506395 Coromandel Internati 42 12-Jul-19 COROMANDEL
508814 Cosmo Films 66 20-Jul-19 COSMOFILMS
541770 CreditAccess Grameen 46 27-Jul-19 CREDITACC
500092 Crisil 81 7-Apr-20 CRISIL
539876 Crompton Greaves Con 33 20-Jul-19 CROMPTON
542867 CSB Bank 43 14-Jul-20 CSBBANK
500480 Cummins India Lt 37 2-Aug-19 CUMMINSIND
532175 Cyient Ltd. 23 3-Jun-19 CYIENT
533146 D-Link (India) 22 13-Jul-19 DLINKINDIA
500096 Dabur India 40 9-Aug-19 DABUR
542216 Dalmia Bharat L 16 24-Aug-19 DALBHARAT
500097 Dalmia Bharat Sugar 84 22-Aug-19 DALMIASUG
533151 DB Corp 59 10-Sep-19 DBCORP
532772 DCB Bank 43 25-May-19 DCBBANK
523367 DCM Shriram 30 16-Jul-19 DCMSHRIRAM
500117 DCW Ltd. 70 24-Sep-19 DCW
502137 Deccan Cements 16 1-Aug-19 DECCANCE
500645 Deepak Fertilisers 42 7-Aug-19 DEEPAKFERT
506401 Deepak Nitrite 19 21-Jun-19 DEEPAKNTR
532848 Delta Corp Ltd. 63 17-Jul-19 DELTACORP
533137 Den Networks Ltd. 39 9-Nov-18 DEN
511072 Dewan Housing 45 22-Sep-19 DHFL
519588 DFM Foods Limi 40 27-Jul-19 DFMFOODS
500119 Dhampur Sugar 84 27-Aug-19 DHAMPURSUG
532180 Dhanlaxmi Bank 43 24-Aug-19 DHANBANK
507717 Dhanuka Agritech Ltd 69 1-Aug-19 DHANUKA
500089 DIC India 59 6-Jun-20 DICIND
540047 Dilip Buildcon Ltd. 24 11-Sep-19 DBL
500068 Disa India Ltd. 38 5-Aug-20 -
532839 Dish TV India Ltd. 39 25-Sep-18 DISHTV
540701 Dishman Carbogen Amc 71 14-Sep-19 DCAL
532488 Divi's Lab 71 17-Aug-19 DIVISLAB
540699 Dixon Technologies 25 25-Jul-19 DIXON
532868 DLF Ltd. 24 17-Sep-18 DLF
505526 Dolat Investment 46 21-Sep-19 DOLAT
541403 Dollar Industries 86 24-Aug-19 DOLLAR
539524 Dr. Lal Pathlabs Ltd 50 6-Aug-19 LALPATHLAB
500124 Dr. Reddy's Labs 71 15-Jul-20 DRREDDY
523618 Dredging Corpora 63 2-Aug-19 DREDGECORP
532610 Dwarikesh Sugar 84 5-Aug-20 DWARKESH
505242 Dynamatic Techno 37 3-Aug-19 DYNAMATECH
533452 Ebixcash World Money 46 21-Sep-19 EBIXFOREX
532927 eClerx Services 23 23-Aug-19 ECLERX
532922 Edelweiss Fin. Ser 46 19-Jul-19 EDELWEISS
505200 Eicher Motors 8 26-Jul-19 EICHERMOT
500125 EID Parry 84 15-Jul-19 EIDPARRY
523127 EIH Associated 51 5-Aug-20 EIHAHOTELS
500840 EIH Ltd. 51 7-Aug-19 EIHOTEL
500123 Elantas Beck India L 19 15-Jul-20 -
500128 Electrosteel Cas 15 2-Sep-20 ELECTCAST
522074 Elgi Equipments 21 27-Jul-19 ELGIEQUIP
504000 Elpro Internl. 33 20-Sep-19 -
531162 Emami Ltd. 40 2-Aug-19 EMAMILTD
533208 Emami Paper Mill 68 5-Aug-19 EMAMIPAP
542602 Embassy Office Parks 46 - EMBASSY
509525 Empire Inds. 47 19-Jul-19 -
540153 Endurance Technologi 6 1-Aug-19 ENDURANCE
532178 Engineers India 77 20-Sep-19 ENGINERSIN
Ticker Company Ind. Book NSE
Code Closure Code
533477 Enkei Wheels (India) 6 3-Jul-19 -
532700 Entertainment Networ 39 30-Jul-19 ENIL
539844 Equitas Holdings Ltd 46 27-Jul-19 EQUITAS
540596 Eris Lifesciences 71 20-Sep-19 ERIS
500133 Esab India 37 20-Aug-20 ESABINDIA
500495 Escorts Ltd. 9 14-Jul-19 ESCORTS
500135 Essel Propack Ltd. 66 23-Jun-15 ESSELPACK
500136 Ester India 66 10-Sep-19 ESTER
531508 Eveready Industr 25 20-Sep-19 EVEREADY
508906 Everest Industries L 17 19-Jul-18 EVERESTIND
500650 Excel Industries 69 7-Aug-19 EXCELINDUS
500086 Exide Inds. 6 27-Jul-19 EXIDEIND
590024 FACT 42 10-Sep-19 FACT
530117 Fairchem Speciality 19 3-Aug-19 FAIRCHEM
531599 FDC Ltd. 71 21-Sep-19 FDC
500469 Federal Bank 43 11-Jul-20 FEDERALBNK
505744 Federal-Mogul Goetze 6 13-Sep-19 FMGOETZE
506414 Fermenta Biotech 71 2-Jul-19 -
532768 FIEM Industries 6 15-Sep-19 FIEMIND
526227 Filatex India 86 21-Sep-19 FILATEX
541557 Fine Organic Indus 19 27-Jul-19 FINEORG
533333 Fineotex Chemical Lt 19 21-Sep-19 FCL
508954 Finkurve Financial S 46 23-Sep-19 -
500144 Finolex Cables 13 7-Sep-19 FINCABLES
500940 Finolex Industri 74 14-Sep-19 FINPIPE
532809 Firstsource Solution 23 15-Jul-20 FSL
502865 Forbes & Company Ltd 37 20-Aug-19 -
500033 Force Motors 8 14-Sep-19 FORCEMOT
532843 Fortis Healthcare 50 20-Sep-16 FORTIS
500150 Foseco India Lim 19 19-Apr-19 FOSECOIND
533400 Future Consumer 40 23-Aug-18 FCONSUMER
523574 Future Enterprises 79 20-Aug-15 FEL
536507 Future Lifestyle 79 20-Aug-15 FLFL
540064 Future Retail L 79 - FRETAIL
540798 Future Supply Chain 56 - FSC
507488 G M Breweries Ltd. 11 8-May-19 GMBREW
505714 Gabriel India 6 7-Aug-19 GABRIEL
532155 GAIL (India) Ltd. 65 13-Aug-19 GAIL
539228 Gala Global Products 59 23-Sep-19 -
540935 Galaxy Surfacta. 19 3-Aug-19 GALAXYSURF
533265 Gallantt Ispat Ltd. 53 20-Sep-19 GALLISPAT
514167 Ganesha Ecosphere 86 30-Aug-19 GANECOS
542011 Garden Reach Ship 82 14-Sep-19 GRSE
500655 Garware Poly. 66 18-Sep-19 -
509557 Garware Tech. Fibres 86 11-Sep-19 GARFIBRES
532622 Gateway Distriparks 56 3-Aug-19 GDL
532345 Gati Ltd. 27 12-Sep-18 GATI
532767 Gayatri Projects 24 23-Sep-19 GAYAPROJ
532309 GE Power India 76 17-Jul-19 GEPIL
522275 GE T&D India 76 18-Jul-19 GET&D
540755 General Ins. Corp. 46 16-Mar-98 GICRE
530343 Genus Power Infrastr 33 31-Aug-19 GENUSPOWER
532285 Geojit Financial 46 25-Jul-19 GEOJITFSL
500173 GFL L 19 13-Sep-19 GFLLIMITED
500171 GHCL 20 24-May-19 GHCL
511676 GIC Housing Fi 45 14-Sep-19 GICHSGFIN
507815 Gillette India Ltd. 40 20-Nov-19 GILLETTE
500660 GlaxoSmithKline Phar 71 15-Jul-19 GLAXO
532296 Glenmark Pharma 71 21-Sep-19 GLENMARK
533104 Globus Spirits Ltd. 11 28-Aug-19 GLOBUSSPR
505255 GMM Pfaudler Ltd 38 21-Aug-20 GMMPFAUDLR
532754 GMR Infrastructure L 52 9-Sep-19 GMRINFRA
540124 GNA Axles 6 - GNA
506480 GOCL Corporation 58 12-Sep-19 GOCLCORP
532734 Godawari Power & Isp 53 3-Aug-19 GPIL
500163 Godfrey Phillips Ind 40 17-Sep-19 GODFRYPHLP
540743 Godrej Agrovet L 40 24-Jul-20 GODREJAGRO
532424 Godrej Consumer Prod 40 8-Aug-16 GODREJCP
500164 Godrej Industries Lt 40 6-Aug-20 GODREJIND
533150 Godrej Properties Lt 24 29-Jul-15 GODREJPROP
500166 Goodricke Group 73 21-Jul-18 -
500168 Goodyear India 89 7-Aug-20 -
539235 Grandeur Products 87 23-Sep-19 -
532482 Granules India L 71 7-Aug-20 GRANULES
509488 Graphite India Ltd. 36 22-Jul-20 GRAPHITE
500300 Grasim Inds. 30 13-Aug-19 GRASIM
505710 Grauer & Weil 19 31-Aug-19 -
533282 Gravita India Ltd. 61 13-Sep-19 GRAVITA
500620 Great Eastern 83 2-Aug-19 GESHIP
501455 Greaves Cotton 37 2-Aug-19 GREAVESCOT
538979 Greenlam Industries 54 4-Aug-19 GREENLAM
542857 Greenpanel Industrie 54 - GREENPANEL
526797 Greenply Industr 54 2-Sep-19 GREENPLY
DSIJ.in
 Ticker Company Ind. Book NSE
Code Closure Code
506076 Grindwell Norton 37 19-Jul-19 GRINDWELL
500690 GSFC 42 12-Sep-19 GSFC
532775 GTL Infrastructure 85 23-Sep-15 GTLINFRA
540602 GTPL Hathway 39 23-Aug-19 GTPL
509079 Gufic BioSciences Lt 71 24-Sep-19 GUFICBIO
530001 Guj. Alkalie & C 20 21-Sep-19 GUJALKALI
524226 Guj. Amb.Exports 32 27-Jul-19 GAEL
517300 Guj. Industries 75 30-Aug-19 GIPCL
532181 Guj. Mineral Dev 62 24-Sep-19 GMDCLTD
506879 Guj. Themis Bios 71 21-Aug-19 -
542812 Gujarat Fluorochem 19 - FLUOROCHEM
539336 Gujarat Gas 57 14-Sep-19 GUJGASLTD
500670 Gujarat Narmada Vall 42 24-Aug-19 GNFC
533248 Gujarat Pipavav Port 82 31-Jul-20 GPPL
532702 GujaratStatePetronet 70 14-Sep-19 GSPL
538567 Gulf Oil Lubricants 58 12-Sep-19 GULFOILLUB
532708 GVK Power & Infrastr 75 23-Sep-19 GVKPIL
533162 Hathway Cable & Data 39 13-Aug-16 HATHWAY
531531 Hatsun Agro Prod 40 29-Aug-19 HATSUN
517354 Havells India 33 20-Jul-19 HAVELLS
508486 Hawkins Cookers 25 30-Jul-20 -
517271 HBL Power Systems Lt 6 20-Sep-19 HBLPOWER
500179 HCL Infosystem 22 24-Sep-20 HCL-INSYS
532281 HCL Technologies 23 31-Jul-19 HCLTECH
500010 HDFC 45 13-Jul-20 HDFC
541729 HDFC AMC 46 11-Jul-20 HDFCAMC
500180 HDFC Bank 43 4-Jul-15 HDFCBANK
540777 HDFC Life Insurance 46 15-Jul-19 HDFCLIFE
539787 Healthcare Global En 50 23-Sep-19 HCG
509631 HEG Ltd. 36 14-Aug-19 HEG
500292 Heidelberg Cement In 16 15-Sep-18 HEIDELBERG
519552 Heritage Foods 40 21-Aug-20 HERITGFOOD
500182 Hero MotoCorp 5 3-Aug-20 HEROMOTOCO
524669 Hester Biosciences L 71 20-Jul-19 HESTERBIO
532129 Hexaware Technologie 23 5-Apr-19 HEXAWARE
500183 HFCL 85 23-Sep-19 HFCL
541019 HG Infra Engineering 24 3-Aug-19 HGINFRA
524735 Hikal Ltd. 71 25-Jul-19 HIKAL
509675 HIL 17 23-Jul-20 HIL
500184 Himadri Speciality 19 19-Sep-19 HSCL
514043 Himatsingka Seid 86 17-Sep-19 HIMATSEIDE
513599 Hind. Copper 61 25-Jul-19 HINDCOPPER
519126 Hind. Food 40 20-Sep-19 HNDFDS
515145 Hind. NationalGl 47 8-Jul-20 HINDNATGLS
500186 Hind. Oil Explor 65 20-Aug-19 HINDOILEXP
500104 Hind. Petrol 78 6-Jul-20 HINDPETRO
500188 Hind. Zinc 61 26-Jul-19 HINDZINC
500185 Hind.ConstructionCo. 24 20-Sep-19 HCC
500440 Hindalco Indus. 3 17-Aug-19 HINDALCO
532859 Hinduja Global Solut 23 27-Sep-19 HGS
541154 Hindustan Aeronautic 38 12-Sep-19 HAL
533217 Hindustan Media Vent 59 12-Sep-19 HMVL
500696 Hindustan Unilever L 40 23-Jun-20 HINDUNILVR
522215 HLE Glasscoat 47 13-Sep-20 -
500193 HLV L 51 16-Sep-19 HLVLTD
500191 HMT Ltd. 9 24-Sep-19 HMT
522064 Honda Siel Power 34 1-Aug-19 HONDAPOWER
517174 Honeywell Automation 37 9-Jul-15 HONAUT
500187 HSIL Ltd. 18 11-Sep-20 HSIL
532662 HT Media 59 19-Sep-19 HTMEDIA
540530 HUDCO 45 15-Sep-19 HUDCO
509820 Huhtamaki PPL 66 15-Jun-20 PAPERPROD
500199 I G Petrochemicals 19 30-Jul-19 IGPL
532174 ICICI Bank 43 24-Jul-19 ICICIBANK
540716 ICICI Lombard Gen. 46 21-Jun-19 ICICIGI
540133 ICICI Pru Life 46 11-Jul-19 ICICIPRULI
541179 ICICI Securities 46 27-Jul-19 ISEC
532835 ICRA Ltd. 81 26-Sep-19 ICRA
500116 IDBI Bank Ltd. 44 14-Aug-19 IDBI
539437 IDFC First Bank 43 25-Jul-18 IDFCFIRSTB
532659 IDFC L 46 25-Jul-18 IDFC
505726 IFB Industries 25 20-Jul-19 IFBIND
500106 IFCI Ltd. 46 24-Oct-19 IFCI
540774 IFGL Refractories 63 22-Jul-19 IFGLEXPOR
517380 Igarashi Motors Indi 33 21-Sep-19 IGARASHI
532636 IIFL Finance 46 24-Jun-20 IIFL
542773 IIFL Securities 46 24-Jun-20 IIFLSEC
542772 IIFL Wealth Manage 46 24-Sep-19 IIFLWAM
530005 India Cements Lt 16 6-Sep-19 INDIACEM
500201 India Glycols 19 16-Aug-19 INDIAGLYCO
590065 India Motor Part 87 12-Sep-19 IMPAL
532240 India Nippon Ele 6 10-Aug-19 INDNIPPON
DPSCLTDE India Power Corp 75 5-Aug-19 DPSCLTD
DSIJ.in
Ticker Company Ind. Book NSE
Code Closure Code
532189 India Tourism De 51 9-Sep-19 ITDC
535789 Indiabulls Housing F 45 26-Aug-19 IBULHSGFIN
533520 Indiabulls Integrate 24 28-Sep-19 IBULISL
532832 Indiabulls Real Esta 24 26-Sep-19 IBREALEST
532960 Indiabulls Ventures 46 26-Sep-19 IBVENTURES
542726 IndiaMART InterMESH 81 - INDIAMART
532814 Indian Bank 44 22-Jun-19 INDIANB
540750 Indian Energy Exchan 46 12-Sep-19 IEX
500850 Indian Hotels Co 51 14-Jun-19 INDHOTEL
504741 Indian Hume Pipe 17 16-Jul-19 INDIANHUME
533047 Indian Metal & F 53 10-Jul-19 IMFA
530965 Indian Oil Corp 78 23-Aug-19 IOC
532388 Indian Overseas 44 4-Jul-19 IOB
521016 Indo Count Inds. 86 9-Aug-17 ICIL
500207 Indo Rama Synth. 86 19-Jul-19 INDORAMA
532612 Indoco Remedies 71 26-Aug-19 INDOCO
541336 Indostar Capital Fin 46 24-Aug-19 INDOSTAR
532514 Indraprastha Gas Ltd 63 14-Sep-19 IGL
532150 Indraprastha Med 50 14-Sep-19 INDRAMEDCO
532187 IndusInd Bank 43 10-Aug-19 INDUSINDBK
506222 INEOS Styrolution 70 2-Aug-19 INEOSSTYRO
539807 Infibeam Avenues 23 23-Jul-19 INFIBEAM
532777 Info Edge (India) 63 16-Sep-20 NAUKRI
500209 Infosys 23 15-Jun-19 INFY
500210 Ingersoll Rand 21 14-Aug-19 INGERRAND
532706 Inox Leisure 39 6-Sep-19 INOXLEISUR
539083 Inox Wind Ltd. 38 11-Sep-19 INOXWIND
532851 Insecticides (India) 69 28-Aug-20 INSECTICID
538835 Intellect Design 23 9-Aug-19 INTELLECT
539448 InterGlobe Aviation 2 21-Aug-19 INDIGO
524164 IOL Chemicals and Ph 71 23-Aug-19 IOLCP
500214 Ion Exchange (India) 37 22-Aug-19 -
524494 Ipca Laboratorie 71 8-Aug-19 IPCALAB
532947 IRB Infrastructure 24 24-Jul-20 IRB
540526 IRB InvIT Fund 46 27-Jul-19 IRBINVIT
541956 Ircon Internatio 37 28-Aug-19 -
542830 IRCTC 63 - IRCTC
533033 ISGEC Heavy Eng 38 2-Aug-19 -
508807 IST Ltd. 6 23-Sep-19 -
500875 ITC Ltd. 40 24-May-19 ITC
509496 ITD Cementation Indi 24 17-Sep-20 ITDCEM
523610 ITI 85 21-Dec-19 ITI
506943 J B Chemicals & Phar 71 17-Aug-19 JBCHEPHARM
532940 J Kumar Infraproject 24 18-Sep-19 JKIL
532705 Jagran Prakashan 59 21-Sep-19 JAGRAN
512237 Jai Corp Ltd. 53 24-Sep-19 JAICORPLTD
500219 Jain Irrigation 63 16-Sep-19 JISLJALEQS
532627 Jaiprakash Power Ven 75 14-Sep-19 JPPOWER
532532 JaiprakashAssociates 24 23-Sep-19 JPASSOCIAT
532209 Jammu & Kashmir Bank 43 13-Jul-16 J&KBANK
520051 Jamna Auto Inds. 6 22-Jul-19 JAMNAAUTO
520066 Jay Bharat Marut 6 7-Sep-19 JAYBARMARU
532605 JBM Auto 6 7-Sep-19 JBMA
532617 Jet Airways 2 3-Aug-18 JETAIRWAYS
500227 Jindal Poly Films 66 19-Sep-19 JINDALPOLY
500378 Jindal Saw 53 3-Sep-19 JINDALSAW
532286 Jindal St & Pwr 53 23-Sep-19 JINDALSTEL
532508 Jindal Stainless 53 23-Aug-19 JSL
539597 Jindal Stainless (Hi 53 28-Aug-19 JSLHISAR
531543 Jindal Worldwide 86 21-Sep-19 JINDWORLD
532644 JK Cement 16 5-Aug-20 JKCEMENT
500380 JK Lakshmi Cement L 16 24-Aug-19 JKLAKSHMI
532162 JK Paper Ltd. 68 16-Aug-19 JKPAPER
530007 JK Tyre & Industries 89 8-Aug-19 JKTYRE
523405 JM Financial Ltd. 46 19-May-20 JMFINANCIL
522263 JMC Projects 24 24-Jul-19 JMCPROJECT
513691 JMT Auto Ltd. 6 23-Sep-19 JMTAUTOLTD
523398 Johnson Controls-Hit 25 10-Aug-19 JCHAC
533148 JSW Energy Ltd. 75 6-Aug-20 JSWENERGY
532642 JSW Holdings 46 8-Jun-20 JSWHL
500228 JSW Steel 53 8-Jul-20 JSWSTEEL
520057 JTEKT India 6 3-Aug-19 JTEKTINDIA
533155 Jubilant Foodworks L 40 18-Sep-19 JUBLFOOD
530019 Jubilant Life Scienc 71 14-Sep-19 JUBILANT
531337 Jump Networks 23 24-Sep-19 JUMPNET
535648 Just Dial 81 14-Sep-15 JUSTDIAL
532926 Jyothy Labs 40 31-Jul-20 JYOTHYLAB
500233 Kajaria Ceramics 18 20-Aug-19 KAJARIACER
522287 Kalpataru Power 76 24-Jul-19 KALPATPOWR
533302 Kalyani Investment 46 27-Aug-19 KICL
500235 Kalyani Steel 53 20-Aug-19 KSL
532468 Kama Holdings Ltd. 46 23-Sep-19 -
500165 Kansai Nerolac Paint 67 16-Jun-20 KANSAINER
Ticker Company Ind. Book NSE
Code Closure Code
541161 Karda Constructions 24 13-Sep-19 KARDA
532652 Karnataka Bank 43 31-Jul-19 KTKBANK
590003 Karur Vysya Bank 43 12-Jul-19 KARURVYSYA
532899 Kaveri Seed Company 49 16-Sep-19 KSCL
524444 Kavit Industries 32 23-Sep-19 -
539276 Kaya L 40 27-Jul-18 KAYA
590066 KCP Ltd. 16 1-Aug-19 KCP
532714 KEC International Lt 76 17-Jul-19 KEC
517569 KEI Industries 12 11-Sep-19 KEI
505890 Kennametal India 37 4-Nov-19 KENNAMET
502937 Kesoram Industri 30 20-Jul-19 KESORAMIND
532732 Kewal Kiran Clothing 79 12-Sep-19 KKCL
524019 Kingfa Science & Tec 74 20-Sep-19 KINGFA
540680 KIOCL 62 27-Aug-19 KIOCL
532967 Kiri Industries 31 20-Sep-19 KIRIINDUS
500241 Kirloskar Bros. 37 20-Jul-15 KIRLOSBROS
500245 Kirloskar Ferrou 53 15-Jul-19 KIRLFER
500243 Kirloskar Industries 37 2-Aug-19 KIRLOSIND
533293 Kirloskar Oil Engine 37 3-Aug-19 KIRLOSENG
505283 Kirloskar Pneumatic 21 13-Jul-19 -
521248 Kitex Garments 86 21-Aug-19 KITEX
524520 KMC Speciality Hospi 50 22-Sep-18 -
532942 KNR Constructions 24 24-Sep-19 KNRCON
523207 Kokuyo Camlin 59 5-Aug-19 KOKUYOCMLN
532924 Kolte-Patil Develope 24 14-Sep-19 KOLTEPATIL
500247 Kotak Mahindra Bank 43 16-Jul-19 KOTAKBANK
523323 Kovai Medical 50 5-Sep-20 -
542651 KPIT Technologies 23 - KPITTECH
532889 KPR Mill Ltd. 86 22-Aug-19 KPRMILL
530813 KRBL Ltd. 87 30-Aug-19 KRBL
500249 KSB Ltd 37 27-Apr-20 KSB
519421 KSE 4 25-Aug-19 -
500510 L&T 24 26-Jul-19 LT
533519 L&T Finance Holdings 46 23-Jul-19 L&TFH
540005 L&T Infotech 23 13-Jul-20 LTI
540115 L&T Technology Serv 37 10-Jul-20 LTTS
526947 La Opala RG Ltd. 47 1-Aug-19 LAOPALA
500252 Lakshmi Machines 38 18-Jul-20 LAXMIMACH
534690 Lakshmi Vilas Ba 43 11-Jul-17 LAKSHVILAS
540222 Laurus Labs 71 3-Jul-20 LAURUSLABS
541233 Lemon Tree Hotels 51 - LEMONTREE
500250 LG Balakrishnan&Bros 6 12-Jul-19 LGBBROSLTD
500253 LIC Housing Fi 45 20-Aug-19 LICHSGFIN
531633 Lincoln Pharmace 71 21-Sep-19 LINCOLN
523457 Linde India 63 10-May-19 LINDEINDIA
532783 LT Foods Ltd. 87 24-Sep-19 DAAWAT
532796 Lumax Auto Technolog 6 21-Aug-20 LUMAXTECH
517206 Lumax Inds. 6 22-Aug-20 LUMAXIND
500257 Lupin Ltd. 71 31-Jul-19 LUPIN
539542 Lux Industries 86 30-Aug-19 LUXIND
522241 M M Forgings Ltd. 15 23-Aug-19 MMFL
532720 M&M Fin.Services 46 17-Jul-19 M&MFIN
590134 Madras Fertilize 42 13-Sep-19 MADRASFERT
524000 Magma Fincorp Ltd. 46 26-Jul-19 MAGMA
500266 Maha. Scooters 5 13-Jul-19 MAHSCOOTER
500265 Maha. Seamless 53 19-Sep-18 MAHSEAMLES
539957 Mahanagar Gas 57 3-Sep-19 MGL
500520 Mahi. & Mahi 7 18-Jul-20 M&M
532756 Mahindra CIE Auto 15 19-Jun-20 MAHINDCIE
523754 Mahindra EPC Irrigat 63 19-Jul-19 MAHEPC
533088 Mahindra Holidays 51 25-Jul-19 MHRIL
532313 Mahindra Lifespace D 24 20-Jul-19 MAHLIFE
540768 Mahindra Logistics L 56 25-Jul-20 MAHLOG
590078 Maithan Alloys Ltd. 41 14-Aug-19 MAITHANALL
539289 Majesco L 23 1-Aug-19 MAJESCO
533169 Man Infraconstructio 24 5-Sep-19 MANINFRA
500268 Manali Petrochem 70 1-Aug-19 MANALIPETC
531213 Manappuram Finance 46 31-Jul-15 MANAPPURAM
502157 Mangalam Cement 16 13-Sep-19 MANGLMCEM
530011 Mangalore Chem. 42 21-Aug-19 MANGCHEFER
500109 Mangalore Refine 78 3-Jun-19 MRPL
541974 Manorama Industries 32 24-Sep-19 -
531642 Marico Ltd. 40 28-Jul-17 MARICO
524404 Marksans Pharma 71 21-Sep-19 MARKSANS
532500 Maruti Suzuki India 7 15-Aug-20 MARUTI
540749 Mas Financial Servic 46 20-Jun-19 MASFIN
523704 Mastek Li 23 15-Jul-19 MASTEK
540704 Matrimony.com 81 - MATRIMONY
500271 Max Financial Servic 46 18-Sep-19 MFSL
539940 Max Ventures and Ind 46 18-Sep-19 MAXVIL
522249 Mayur Uniquoters 74 5-Jul-19 MAYURUNIQ
534091 MCX 46 14-Sep-19 MCX
512267 Media Matrix Worldwi 39 25-Sep-19 -
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL
Ticker Company Ind. Book NSE
Code Closure Code
531146 Medicamen Biotec 71 20-Sep-18 -
532865 Meghmani Organics 69 19-Jul-19 MEGH
539126 MEP Infrastructure 52 31-Aug-19 MEP
542650 Metropolis Healthcar 50 - METROPOLIS
538962 Minda Corporation 6 23-Sep-19 MINDACORP
532539 Minda Industries 6 31-Jul-19 MINDAIND
532819 MindTree Ltd. 23 8-Jul-20 MINDTREE
526642 Mirza International 55 12-Sep-19 MIRZAINT
541195 Mishra Dhatu Nig 53 19-Sep-19 MIDHANI
539594 Mishtann Foods L 1 20-Sep-19 -
513377 MMTC Ltd. 87 21-Sep-19 MMTC
533286 MOIL Ltd. 62 9-Sep-17 MOIL
533080 Mold-Tek Packaging 74 24-Sep-19 MOLDTKPAC
513446 Monnet Ispat & Energ 53 16-Jul-20 AIONJSW
538836 Monte Carlo Fashions 86 21-Sep-19 MONTECARLO
500288 Morepen Labs.Lt 71 7-Sep-19 MOREPENLAB
523160 Morganite Crucible ( 63 1-Aug-19 -
517334 MothersonSumiSystems 6 11-Aug-19 MOTHERSUMI
532892 Motilal Oswal Financ 46 3-Aug-15 MOTILALOFS
526299 MphasiS Ltd. 23 4-Jul-20 MPHASIS
532440 MPS Ltd. 59 6-Aug-20 MPSLTD
500290 MRF Ltd 89 3-Aug-19 MRF
542597 MSTC Ltd. 87 18-Sep-19 MSTCLTD
500108 MTNL 64 22-Sep-19 MTNL
500460 Mukand Ltd. 53 27-Jul-19 MUKANDLTD
520059 Munjal Auto Industr. 6 26-Aug-19 MUNJALAU
520043 Munjal Showa Ltd 6 17-Aug-19 MUNJALSHOW
540366 Music Broadcast 39 13-Sep-19 RADIOCITY
511766 Muthoot Capital 46 31-May-16 MUTHOOTCAP
533398 Muthoot Finance 46 22-Sep-19 MUTHOOTFIN
516082 N R Agarwal Indu 68 10-Sep-19 NRAIL
524709 NACL Industries L 69 3-Aug-19 NACLIND
539917 Nagarjuna Fertilizer 42 17-Dec-19 NAGAFERT
532256 Nalwa Sons Investmen 46 18-Sep-19 NSIL
539551 Narayana Hrudayalaya 50 - NH
524816 Natco Pharma 71 3-Sep-19 NATCOPHARM
537291 Nath Bio-Genes 49 19-Jul-20 NATHBIOGEN
532234 National Alumini 3 13-Sep-19 NATIONALUM
523630 National Fertilizers 42 12-Sep-19 NFL
500298 National Peroxid 19 24-Jul-19 -
513023 Nava Bharat Ventures 75 3-Aug-19 NBVENTURES
532504 Navin Fluorine Inter 19 11-Aug-20 NAVINFLUOR
539332 Navkar Corporation L 56 21-Sep-19 NAVKARCORP
508989 Navneet Education 59 17-Jul-19 NAVNETEDUL
534309 NBCC (India) 24 16-Sep-19 NBCC
NBIFINEQ NBI Industrial Fin 46 7-Sep-19 NBIFIN
500294 NCC 24 13-Aug-19 NCC
502168 NCL Industries 16 21-Sep-19 NCLIND
532649 Nectar Lifesciences 71 22-Sep-19 NECLIFE
532864 Nelcast Ltd. 15 21-Aug-20 NELCAST
504112 Nelco Ltd 85 17-Jul-19 NELCO
542665 Neogen Chemicals 19 13-Sep-19 NEOGEN
505355 Nesco Ltd. 81 30-Jul-19 NESCO
500790 Nestle India 40 13-Jun-20 NESTLEIND
532798 Network 18 Media & I 46 14-Aug-18 NETWORK18
524558 Neuland Laborat 71 4-Jul-20 NEULANDLAB
540900 Newgen Software Tech 23 22-Jul-20 NEWGEN
533098 NHPC 75 14-Sep-19 NHPC
500304 NIIT Ltd. 23 1-Aug-19 NIITLTD
532541 NIIT Technologies 23 15-Sep-18 NIITTECH
523385 Nilkamal Ltd. 74 22-Jun-19 NILKAMAL
540767 Nippon LifeAM Ltd. 46 15-Sep-18 NAM-INDIA
500307 Nirlon 63 23-Aug-19 -
513683 NLC India L 75 26-Jul-19 NLCINDIA
526371 NMDC Ltd. 62 24-Aug-19 NMDC
500730 NOCIL Ltd. 70 24-Jul-19 NOCIL
500672 Novartis 71 31-Jul-20 -
530367 NRB Bearings Lim 10 3-Aug-19 NRBBEARING
532555 NTPC 75 15-Aug-19 NTPC
531209 Nucleus Software 23 2-Jul-19 NUCLEUS
500189 Nxtdigital L 81 12-Sep-19 NXTDIGITAL
533273 Oberoi Realty 24 27-Jun-15 OBEROIRLTY
533106 Oil India Ltd. 65 11-Aug-19 OIL
532439 Olectra Greentech 33 3-Sep-19 OLECTRA
532880 Omaxe Ltd. 24 21-Sep-19 OMAXE
500312 ONGC 65 23-Sep-17 ONGC
532944 OnMobile Global Ltd. 64 11-Sep-19 ONMOBILE
532391 Opto Circuits India 60 27-Sep-19 OPTOCIRCUI
532466 Oracle Financial Ser 23 12-Aug-20 OFSS
535754 Orient Cement Ltd. 16 26-Jul-19 ORIENTCEM
541301 Orient Electric 33 13-Jul-19 ORIENTELEC
502420 Orient Paper 68 12-Jul-19 ORIENTPPR
534076 Orient Refractories 63 2-Jul-19 ORIENTREF
51
Databank
Ticker Company Ind. Book NSE
Code Closure Code
500078 Oriental Aromatics 19 18-Sep-19 OAL
506579 Oriental Carbon 14 20-Jul-19 OCCL
500314 Oriental Hotels 51 17-Jul-19 ORIENTHOT
590086 Orissa Minerals Deve 62 24-Sep-19 ORISSAMINE
539290 Oswal Green Tech 46 19-Sep-19 BINDALAGRO
500126 P&G Health 71 25-May-19 PGHL
500459 P&G Hygiene&Health 40 21-Nov-19 PGHH
532827 Page Industries Ltd. 86 6-Aug-20 PAGEIND
532900 Paisalo Digital L 46 4-Aug-19 PAISALO
531349 Panacea Biotec L 71 23-Sep-19 PANACEABIO
539889 Parag Milk Foods 40 24-Sep-19 PARAGMILK
531120 Patel Engg. Ltd. 24 22-Sep-15 PATELENG
532742 Paushak Ltd. 19 1-Aug-19 -
534809 PC Jeweller L 29 22-Sep-18 PCJEWELLER
538730 PDS Multi. Fashions 86 2-Nov-19 PDSMFL
533179 Persistent Systems 23 18-Jul-20 PERSISTENT
532522 PetronetLNG 78 21-Aug-19 PETRONET
500680 Pfizer Ltd. 71 3-Aug-19 PFIZER
506590 Phillips Carbon 14 13-Jul-19 PHILIPCARB
503100 Phoenix Mills 24 19-Sep-19 PHOENIXLTD
523642 PI Industries 69 3-Sep-19 PIIND
500331 Pidilite Inds. 19 31-Jul-19 PIDILITIND
539883 Pilani Investmen 46 19-Sep-19 PILANIINVS
500302 Piramal Enterprises 71 18-Jul-20 PEL
523648 Plastiblends Ind 74 20-Jul-19 PLASTIBLEN
532366 PNB Gilts Ltd. 46 17-Aug-19 PNBGILTS
540173 PNB Housing Finance 45 23-Jul-19 PNBHOUSING
539150 PNC Infratech 24 24-Sep-19 PNCINFRA
532486 Pokarna Ltd. 48 10-Sep-19 POKARNA
531768 Poly Medicure Lt 60 17-Sep-19 POLYMED
542652 Polycab India 12 20-Jun-19 POLYCAB
524051 Polyplex Corpn. 66 29-Aug-19 POLYPLEX
532810 Power Finance Co 46 22-Aug-19 PFC
532898 Power Grid Corpo 76 21-Aug-19 POWERGRID
539302 Power Mech Projects 77 23-Sep-19 POWERMECH
539351 Prabhat Dairy 40 24-Sep-19 PRABHAT
540027 Prabhat Technologies 85 22-Sep-19 -
522205 Praj Industries 38 17-Jul-19 PRAJIND
506022 Prakash Indus. 53 24-Sep-19 PRAKASH
540724 Prataap Snacks 40 21-Sep-19 DIAMONDYD
533274 Prestige Estates Pro 24 19-Sep-19 PRESTIGE
540293 Pricol L 6 17-Aug-18 PRICOLLTD
532748 Prime Focus 39 22-Sep-18 PFOCUS
542907 Prince Pipes & Fitti 74 - PRINCEPIPE
500338 Prism Johnson 16 25-Jul-19 PRSMJOHNSN
534675 Prozone Intu Propert 77 24-Sep-15 PROZONINTU
540544 PSP Projects 24 11-Sep-19 PSPPROJECT
532524 PTC India 75 24-Sep-19 PTC
533344 PTC India Financial 46 24-Sep-19 PFS
533295 Punj. & Sind Ban 44 5-Jul-19 PSB
532461 Punj. NationlBak 44 8-Jul-19 PNB
506618 Punjab Chemicals and 69 5-Aug-19 PUNJABCHEM
532891 Puravankara 24 20-Sep-19 PURVA
532689 PVR Ltd. 39 18-Jul-19 PVR
539978 Quess Corp 81 18-Jul-19 QUESS
539678 Quick Heal Technolog 23 9-Jul-19 QUICKHEAL
532735 R Systems Internat. 23 26-Jun-20 RSYSTEMS
532497 Radico Khaitan Ltd. 11 21-Sep-19 RADICO
542649 Rail Vikas Nigam 24 11-Sep-19 RVNL
500339 Rain Industries 16 7-May-20 RAIN
532503 Rajapalayam Mill 86 7-Aug-15 -
531500 Rajesh Exports L 29 24-Sep-19 RAJESHEXPO
500355 Rallis India 69 19-Jun-20 RALLIS
532369 Ramco Industries 17 17-Sep-15 RAMCOIND
532370 Ramco Systems Lt 23 6-Aug-15 RAMCOSYS
532527 Ramkrishna Forgings 15 31-Aug-19 RKFORGE
532987 Rane Brake Lining Lt 6 13-Jul-15 RBL
505800 Rane Holdings Ltd. 46 5-Aug-15 RANEHOLDIN
524230 Rashtriya Chemicals 42 18-Sep-19 RCF
520111 Ratnamani Metals 53 21-Aug-20 RATNAMANI
534597 RattanIndia Infra 52 18-Sep-19 RTNINFRA
533122 RattanIndia Power 75 18-Sep-19 RTNPOWER
504341 Ravindra Energy Ltd. 75 20-Sep-19 -
500330 Raymond Ltd 86 25-May-19 RAYMOND
540065 RBL Bank 43 11-Jul-20 RBLBANK
532955 REC 46 23-Aug-19 RECLTD
532805 Redington (India) Lt 22 24-Jul-19 REDINGTON
530517 Relaxo Footwears 55 20-Sep-19 RELAXO
532712 Reliance Com 64 15-Sep-18 RCOM
523445 Reliance Ind.Inf 77 24-May-16 RIIL
500325 Reliance Inds. 78 12-May-15 RELIANCE
500390 Reliance Infrastruct 75 15-Sep-18 RELINFRA
532939 Reliance Power L 75 15-Sep-18 RPOWER
532915 Religare Enterprises 46 20-Sep-19 RELIGARE
52 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
Company Index
Ticker Company Ind. Book NSE
Code Closure Code
532923 Renaissance Global 29 31-Jul-19 RGL
535322 Repco Home Finance L 45 21-Sep-19 REPCOHOME
532687 Repro India Ltd. 59 25-Aug-19 REPRO
505509 Responsive Industrie 74 21-Sep-19 RESPONIND
520008 Rico Auto Inds. 6 24-Sep-19 RICOAUTO
541556 Rites Ltd. 77 24-Jul-19 RITES
532983 RPG Life Sciences 71 24-Jul-19 RPGLIFE
500368 Ruchi Soya Inds. 32 21-Sep-15 RUCHI
533552 Rupa & Company L 86 31-Aug-19 RUPA
539450 S H Kelkar & Company 19 3-Aug-19 SHK
532710 Sadbhav Engineering 24 19-Sep-19 SADBHAV
539346 Sadbhav Infrastructu 52 19-Sep-19 SADBHIN
506642 Sadhana Nitro 31 19-Sep-19 -
523025 Safari Indus. 66 3-Aug-19 SAFARI
502090 Sagar Cements 16 18-Jul-19 SAGCEM
515043 Saint-Gobain Sekurit 47 27-Jul-19 -
526725 Sandesh 59 20-Sep-19 SANDESH
541163 Sandhar Technologies 6 3-Sep-19 SANDHAR
504918 Sandur M & I Ore 62 16-Sep-19 -
526521 Sanghi Industrie 17 29-Sep-15 SANGHIIND
500674 Sanofi India 71 1-Jul-20 SANOFI
504614 Sarda Energy & Miner 53 19-Aug-19 SARDAEN
532163 Saregama India Ltd. 39 13-Jul-19 SAREGAMA
532663 Sasken Technologies 23 13-Jul-19 SASKEN
539201 Satia Industries 68 24-Sep-19 SATIA
539404 Satin Creditcare 46 30-Jul-20 SATIN
502175 Saurashtra Cemen 16 8-Aug-19 -
524667 Savita Oil Tech 70 10-Sep-19 SOTL
500112 SBI 44 19-Jun-18 SBIN
543066 SBI Cards and Pay 46 - SBICARD
540719 SBI Life Insurance 46 - SBILIFE
505790 Schaeffler India 10 23-Jun-20 SCHAEFFLER
534139 Schneider Electric 33 6-Sep-19 SCHNEIDER
526807 Seamec Ltd. 83 20-Sep-18 SEAMECLTD
540673 Security and Intelli 81 21-Jun-19 SIS
512529 Sequent Scientific 71 23-Aug-19 SEQUENT
502450 Seshasayee Paper 68 30-Jul-20 SESHAPAPER
501423 Shaily Engineering P 74 5-Aug-19 -
531431 Shakti Pumps (In 37 20-Sep-19 SHAKTIPUMP
540797 Shalby 50 20-Aug-19 SHALBY
509874 Shalimar Paints 67 20-Sep-19 SHALPAINTS
540425 Shankara Building Pr 87 21-Jul-20 SHANKARA
522034 Shanthi Gears 6 12-Jul-20 SHANTIGEAR
538666 Sharda Cropchem 69 23-Aug-18 SHARDACROP
535602 Sharda Motor Ind 6 21-Sep-19 SHARDAMOTR
540203 Sheela Foam 70 9-Jul-19 SFL
530549 Shilpa Medicare L 71 14-Sep-19 SHILPAMED
523598 Shipping Corpn. 83 18-Sep-19 SCI
539148 Shivalik Rasayan 69 24-Sep-19 -
532638 Shoppers Stop 79 24-Jul-19 SHOPERSTOP
500387 Shree Cement 16 2-Aug-19 SHREECEM
502180 Shree Digvijay 16 24-Jun-20 SHREDIGCEM
532670 Shree Renuka Sugars 84 25-Sep-19 RENUKA
SHRENIKE Shrenik L 68 - SHRENIK
532498 Shriram City Uni 46 25-Jul-20 SHRIRAMCIT
532945 Shriram EPC Ltd. 77 9-Sep-19 SHRIRAMEPC
SHRIPIST Shriram Pistons 6 3-Jul-19 SHRIPISTON
511218 Shriram Trans.Fi 46 13-Aug-20 SRTRANSFIN
500550 Siemens Ltd. 37 5-Feb-20 SIEMENS
SIRCAEQ Sirca Paints India 67 21-Sep-18 SIRCA
503811 Siyaram Silk 86 9-Jul-19 SIYSIL
533206 SJVN Ltd. 75 21-Sep-19 SJVN
500472 SKF India 10 16-Jul-20 SKFINDIA
538562 Skipper Ltd. 37 6-Aug-19 SKIPPER
505192 SML Isuzu Ltd. 8 21-Sep-19 SMLISUZU
532815 SMS Pharmaceuticals 71 23-Sep-19 SMSPHARMA
538635 Snowman Logistics Lt 56 5-Aug-19 SNOWMAN
532784 Sobha 24 26-Jul-19 SOBHA
532725 Solar Industries Ind 63 20-Jul-19 SOLARINDS
541540 Solara Active Pharma 71 8-Aug-19 SOLARA
531548 Somany Ceramics Ltd. 18 3-Aug-19 SOMANYCERA
542905 Somany Home Innovat 18 26-Aug-20 SHIL
532221 Sonata Software 23 1-Aug-19 SONATSOFTW
532218 South Indian Ban 43 11-Jul-19 SOUTHBANK
542759 Spandana Sphoorty Fi 46 - SPANDANA
542337 Spencer's Retail 79 12-Jul-19 SPENCERS
590030 SPIC 42 2-Aug-19 SPIC
500285 Spicejet Ltd. 2 24-Sep-19 SPICEJET
535601 Sreeleathers Ltd. 55 18-Sep-19 SREEL
523756 SREI Infrastructure 46 13-Jul-18 SREINFRA
503806 SRF Ltd. 86 30-Jul-19 SRF
513605 Srikalahasthi Pipes 53 31-Aug-19 SRIPIPES
540575 Star Cement 16 19-Sep-19 STARCEMENT
500113 Steel Authority 53 24-Aug-19 SAIL
Ticker Company Ind. Book NSE
Code Closure Code
513262 Steel Strips Wheels 6 24-Sep-19 SSWL
542760 Sterling and Wilson 37 - SWSOLAR
530759 Sterling Tools L 37 21-Sep-19 STERTOOLS
532374 Sterlite Technologie 13 20-Jul-19 STRTECH
504959 Stovec Indus. 38 2-May-19 -
532531 Strides Pharma Scien 71 23-Jul-19 STAR
532348 Subex Ltd. 23 28-Jun-19 SUBEX
517168 Subros Ltd. 6 2-Aug-19 SUBROS
506655 Sudarshan Chem. 31 31-Jul-19 SUDARSCHEM
542920 Sumitomo Chemical 69 - SUMICHEM
533306 Summit Securities 46 18-Sep-19 SUMMITSEC
532872 Sun Pharma Advanced 63 20-Jul-19 SPARC
524715 Sun Pharma. 71 22-Aug-19 SUNPHARMA
532733 Sun TV Network Ltd. 39 15-Sep-17 SUNTV
520056 Sundaram Clayton 6 19-Aug-15 SUNCLAYLTD
500403 Sundaram Fasten. 6 12-Aug-17 SUNDRMFAST
590071 Sundaram Finance 46 4-Jul-20 SUNDARMFIN
-- Sundaram Finance Hol 46 2-Jul-20 SUNDARMHLD
500404 Sunflag Iron 53 7-Sep-19 SUNFLAG
512179 Sunteck Realty Ltd. 24 24-Sep-19 SUNTECK
532509 Suprajit Enginee 6 3-Aug-19 SUPRAJIT
509930 Supreme Inds. 74 11-Sep-20 SUPREMEIND
500405 Supreme Petroche 70 16-Sep-20 SUPPETRO
500336 Surya Roshni Ltd 53 11-Sep-18 SURYAROSNI
532782 Sutlej Textiles & In 86 25-Aug-18 SUTLEJTEX
530239 Suven Life Sciences 71 12-Aug-19 SUVEN
543064 Suven Pharmaceutical 71 - SUVENPHAR
532667 Suzlon Energy Ltd. 38 7-Apr-20 SUZLON
505590 SVP Global Ventures 86 23-Sep-19 -
503310 Swan Energy Ltd. 86 5-Sep-19 SWANENERGY
500407 Swaraj Engines 37 4-Jul-20 SWARAJENG
517385 Symphony 25 6-Jul-19 SYMPHONY
539268 Syngene Internationa 63 - SYNGENE
531426 T Nadu Newsprint 68 13-Sep-19 TNPL
532390 Taj GVK Hotels & Res 51 18-Jul-19 TAJGVK
532890 Take Solutions Ltd. 23 3-Aug-19 TAKE
500777 Tamilnadu Petroprod 40 1-Aug-19 TNPETRO
532790 Tanla Solutions 23 24-Sep-19 TANLA
519091 Tasty Bite 40 20-Jul-19 TASTYBITE
500770 Tata Chemicals 20 24-Jun-20 TATACHEM
532301 Tata Coffee Ltd. 73 16-Jun-20 TATACOFFEE
500483 Tata Communications 64 27-Jul-19 TATACOMM
532540 Tata Consultancy 23 15-Jun-17 TCS
500800 Tata Consumer Produc 73 22-Jun-20 TATACONSUM
500408 Tata Elxsi Ltd. 23 15-Jul-20 TATAELXSI
501301 Tata Investment 46 3-Jul-20 TATAINVEST
513434 Tata Metaliks 53 20-Aug-19 TATAMETALI
500570 Tata Motors Ltd. 8 20-Jul-16 TATAMOTORS
500400 Tata Power Co. 75 7-Jun-19 TATAPOWER
500470 Tata Steel 53 6-Jul-19 TATASTEEL
500055 Tata Steel BSL 53 31-Aug-19 TATASTLBSL
513010 Tata Steel Long Prod 53 6-Jul-19 TATASTLLP
532371 Tata Teleservices (M 64 26-Sep-18 TTML
540212 TCI Express 56 25-Jul-19 TCIEXP
532349 TCI Ltd. 88 24-Jul-19 TCI
541700 TCNS Clothing 86 20-Aug-19 TCNSBRANDS
533553 TD Power Systems Ltd 34 21-Sep-18 TDPOWERSYS
539658 TeamLease Service 81 1-Jul-17 TEAMLEASE
532755 Tech Mahindra Ltd. 23 25-Jul-20 TECHM
542141 Techno Electric&Eng 38 23-Sep-19 TECHNOE
532804 Technocraft Industri 53 18-Sep-19 TIIL
540595 Tejas Networks 64 22-Jul-20 TEJASNET
505400 Texmaco Infrastructu 24 24-Aug-19 TEXINFRA
533326 Texmaco Rail & Engin 38 24-Aug-19 TEXRAIL
533158 Thangamayil Jeweller 29 26-Jul-19 THANGAMAYL
590062 The Andhra Sugars 20 17-Sep-18 ANDHRSUGAR
542460 The Anup Engineering 38 1-Aug-19 ANUP
530023 The Investment Trust 46 18-Sep-19 THEINVEST
540769 The New India Assur 46 23-Jul-18 NIACL
500260 The Ramco Cements 16 31-Jul-15 RAMCOCEM
530199 Themis Medicare Ltd. 71 21-Aug-19 THEMISMED
500411 Thermax 37 30-Jul-18 THERMAX
500412 Thirumalai Chem. 19 1-Aug-20 TIRUMALCHM
500413 Thomas Cook (I) 63 2-Aug-19 THOMASCOOK
539871 Thyrocare Tech. 50 18-Aug-19 THYROCARE
590005 Tide Water Oil 58 25-Aug-20 TIDEWATER
532856 Time Technoplast Ltd 66 21-Sep-19 TIMETECHNO
522113 Timken India Ltd 10 6-Aug-19 TIMKEN
504966 Tin Plate Co. 61 14-Aug-19 TINPLATE
532966 Titagarh Wagons Ltd. 38 13-Sep-19 TWL
500114 Titan Company 29 5-Aug-20 TITAN
500420 Torrent Pharmac 71 20-Jun-18 TORNTPHARM
532779 Torrent Power Ltd. 75 12-Jun-18 TORNTPOWER
506687 Transpek Indus. 19 3-Aug-19 -
Ticker Company Ind. Book NSE
Code Closure Code
500251 Trent Ltd. 79 23-Jul-19 TRENT
532159 Trescon L 49 23-Sep-19 -
521064 Trident Ltd. 86 2-Jul-20 TRIDENT
532356 Triveni Eng.&Ind.Ltd 84 21-Sep-15 TRIVENI
533655 Triveni Turbine 34 7-Sep-18 TRITURBINE
507747 TTK Healthcare Ltd. 71 5-Aug-19 TTKHLTCARE
517506 TTK Prestige L 25 9-Aug-19 TTKPRESTIG
540762 Tube Investments 28 17-Jul-20 TIINDIA
532515 TV Today Network Ltd 39 6-Sep-19 TVTODAY
532800 TV18 Broadcast 39 14-Aug-18 TV18BRDCST
532343 TVS Motor Co. Ltd. 5 28-Jul-15 TVSMOTOR
509243 TVS Srichakra Lt 89 5-Sep-19 TVSSRICHAK
532505 UCO Bank 44 21-Jun-19 UCOBANK
530131 Udaipur Cement Works 16 11-Aug-19 -
500148 Uflex Ltd. 66 26-Jul-19 UFLEX
511742 Ugro Capital 46 12-Sep-19 -
539874 Ujjivan Financial 46 27-Jul-19 UJJIVAN
542904 Ujjivan SmallFinance 43 - UJJIVANSFB
506685 Ultramarine Pig. 31 23-Jul-19 -
532538 UltraTech Cement 16 12-Jul-19 ULTRACEMCO
506690 Unichem Labs 71 24-Aug-20 UNICHEMLAB
532477 Union Bank of In 44 22-Jun-19 UNIONBANK
500429 Uniphos Enterprises 87 11-Aug-18 UNIENTER
507878 Unitech Ltd. 24 23-Sep-17 UNITECH
532478 United Breweries Ltd 11 16-Aug-19 UBL
532432 United Spirits 11 15-Aug-19 MCDOWELL-N
504212 Universal Cables 12 30-Jul-19 UNIVCABLES
512070 UPL 69 11-Aug-18 UPL
517146 Usha Martin Ltd. 53 15-Sep-19 USHAMART
532729 Uttam Sugar Mills 84 14-Sep-19 UTTAMSUGAR
534976 V Mart Retail 79 26-Jul-19 VMART
532953 V-Guard Ind.Ltd. 33 18-Jul-19 VGUARD
533269 Va Tech Wabag Ltd. 37 5-Aug-19 WABAG
519156 Vadilal Indus. 40 21-Sep-19 VADILALIND
532156 Vaibhav Global 79 23-Jul-20 VAIBHAVGBL
511431 Vakrangee 23 21-Sep-19 VAKRANGEE
540145 Valiant Organics 19 23-Sep-19 -
500439 Vardhman Holdings 46 20-Sep-19 VHL
502986 Vardhman Textiles Lt 86 20-Sep-19 VTL
541578 Varroc Engineering 6 - VARROC
540180 Varun Beverages Ltd. 11 19-Jun-20 VBL
500295 Vedanta 62 6-Jul-19 VEDL
523261 Venky's (India) Ltd. 49 21-Sep-19 VENKEYS
520113 Vesuvius India 63 29-Apr-15 VESUVIUS
531717 Vidhi Specialty Food 31 17-Sep-19 VIDHIING
542655 Vikas Multicorp 19 - VIKASMCORP
524200 Vinati Organics 19 18-Jul-19 VINATIORGA
517015 Vindhya Telelink 13 30-Jul-19 VINDHYATEL
507880 VIP Indus. 74 29-Jul-20 VIPIND
509055 Visaka Indus. 17 18-Jul-20 VISAKAIND
538598 Vishal Fabrics Ltd. 86 27-Sep-17 VISHAL
532822 Vodafone Idea L 64 20-Aug-19 IDEA
522122 Voith Paper Fabrics 86 17-Aug-19 -
532757 Voltamp Transformers 76 7-Aug-19 VOLTAMP
500575 Voltas Ltd. 25 19-Jul-19 VOLTAS
539118 VRL Logistics Ltd. 56 1-Aug-15 VRLLOG
509966 VST Industries 40 21-Aug-19 VSTIND
531266 VST Tillers Tr 9 3-Aug-19 VSTTILLERS
533023 WABCO India 6 16-Sep-17 WABCOINDIA
523660 Waterbase Ltd. 4 24-Sep-15 WATERBASE
532144 Welspun Corp 53 27-Jun-18 WELCORP
532553 Welspun Enterprises 24 13-Jun-20 WELENT
514162 Welspun India 86 15-Jul-19 WELSPUNIND
500365 Welspun Specialty 53 19-Sep-18 -
505412 Wendt India 37 17-Jul-20 WENDT
500444 West Coast Paper 68 24-Jul-19 WSTCSTPAPR
505533 Westlife Development 51 24-Sep-16 WESTLIFE
590073 Wheels India Ltd. 6 24-Jul-20 WHEELS
500238 Whirlpool of Ind 25 1-Aug-20 WHIRLPOOL
526586 Wim Plast Ltd 74 7-Aug-20 -
507685 Wipro Ltd 23 10-Jul-20 WIPRO
532300 Wockhardt Ltd. 71 6-Aug-19 WOCKPHARMA
538268 Wonderla Holidays Lt 63 3-Aug-19 WONDERLA
505872 WPIL Ltd. 37 3-Aug-19 -
532616 Xchanging Solutions 23 7-Aug-19 XCHANGING
532648 YES Bank Ltd. 43 6-Jun-19 YESBANK
522108 Yuken India 37 29-Aug-19 -
505537 Zee Entertainment En 39 11-Jul-15 ZEEL
533287 Zee Learn Ltd. 81 19-Sep-19 ZEELEARN
533339 Zen Technologies Ltd 23 22-Sep-18 ZENTEC
504067 Zensar Technologies 23 29-Jul-20 ZENSARTECH
ZOTAEQ Zota Healthcare 71 14-Sep-19 ZOTA
534742 Zuari Agro Chemicals 42 21-Jul-18 ZUARI
531335 Zydus Wellness Ltd. 40 14-Aug-20 ZYDUSWELL
DSIJ.in
Special Report

Airline & Tourism Industry :

Flying With Clipped Wings
The pandemic has dealt out a severe blow to the airline and tourism industry and it is unlikely to emerge from this
situation soon enough. Geyatee Deshpande discusses that while gradual phasing out of lockdowns across the world
will rejuvenate the air travel sector, the luxury holiday and resort sectors are unlikely to find many takers

G
lobally, the airline and tourism industry has
witnessed many hiccups. A recent example
includes that of Thomas Cook Plc. Being one
the world’s oldest travel firms, the tour
operator had its business arms spread in
operational areas such as hotels, resorts and
airline sectors. But as a result of its failure to adapt to the fast
developing travel and tourism environment and also to the
challenges posed by competitive peers, the company incurred
heavy losses and was forced into liquidation. Faced by the
impact of Brexit as well as failed mergers, Thomas Cook Plc
and its subsidiaries announced its bankruptcy suddenly,
thereby shocking the world, travellers and investors.
Similarly, one of the most preferred airline companies by many,
Jet Airways witnessed its sudden crash as a result of debt issues,
lack of concrete business model and failure to find strategic
investors to pump money into the debt-ridden company.
Owing to these troubles, the company had to suspend all
operations in April 2019. But though the industry has been
battered with such shocks, it hadn’t witnessed majority of its
operations being halted for months as has happened due to the
virus-triggered pandemic. During the previous crisis
situations, weak demand was but a normal offshoot but the
current pandemic has axed the industry totally.
As of now, the fear of travel is considered to be much more
severe and also a more complicated phenomenon than
financial insecurity. An earlier such trend was witnessed in the
wake of the tragic September 9, 2011 events when travellers
avoided boarding airplanes plagued with fear of being
entangled in terrorist acts. Further, stays in hotels, short-term

54 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

rentals and on cruise ships is mainly driven by leisure and
also because of the need for face-to-face business
meetings. People avoid travel when they feel unsure about
their future financial state and also when they feel afraid to
undertake trips. During the 2008 financial crisis, future
cash flow and wealth uncertainties severely impacted travel,
resulting in a severe drop in consumer demand and shortage
of liquidity in companies.

\Another travel fear comes from the fear of contracting

communicable diseases or infections. With outbreaks in several
forms of transmissible viruses such as Severe Acute Respiratory
Syndrome, Ebola and Swine Flu, even though lot of human
lives were lost, the effects on the industry were not as major
and long-lasting as that of Covid. Thus, the travel and tourism
industry has to brace for a huge reduction in business and
leisure trips. The spreading of the corona virus has forced many
countries to implement nationwide lockdowns and to
discontinue travel. To curb the spread of the virus, citizens have
been forced to stay in their homes, thus forcing a complete
shutdown of business operations in the hotel and resort
industry as well as of airline companies, except for operations
related to cargo and emergency goods.
Impact on Inbound Tourism
In India, inbound tourism has come to a halt with suspension
of visas and global advisories against travel. As of now, there are
barely any bookings being made for the future, and the current
ones all stand cancelled. In this scenario, a quick revival is
impossible but slow and steady growth is expected instead.
Since the time period of the corona virus pandemic coincided
with that of India’s tourist season, which is generally from
mid-March to mid-June, the airline and hotel industry lost
revenues that would have been gained from domestic tourists
as well.
This has also affected online and brick-n-mortar travel
agencies as well as aircraft component manufacturers since the
demand for their services and goods has suddenly diminished.
Also, forex is a critical part of the travel industry. With travel
and tourism taking a beating, forex firms which fall under the
travel essential category are also facing extreme stress because
people have been cancelling travel plans, students are
returning back home and there are no foreign tourist
travelling, thus leading to almost zero forex inflow. India’s
foreign exchange market, which is an important part of the
tourism industry, is valued at around USD 60 billion annually.
Affect on Equity
As pricing recovery may take time, revenues will continue to
be affected. From the above table it can be derived that during
Q4FY20, hotel and resort companies were heavily affected
with decrease in revenues. A slash in business also resulted

Returns (%) Net Sales NetProfit

Market Cap
Company Name Recovery post
(` Cr) YTD Q4FY20 Q4FY19 YoY (%) Q4FY20 Q4FY19
market fall
Interglobe Aviation 38829.79 -24.34 18.71 8299.06 7883.26 5.27 -870.81 595.83
Hindustan Aeronautics 25465.28 4.39 50.83 10323 10153.79 1.67 1249.63 1237.08
The Indian Hotels Company 9436.77 -44.93 6.3 1062.98 1244.32 -14.57 66.81 116.92
EIH 3695.2 -55.01 -2.05 410.44 503.45 -18.47 44.1 12.22
*Spicejet 3087.39 -55.8 53.58 3542.7 2383.98 48.60 77.97 64.44
Chalet Hotels 2718.62 -61.27 -35.6 227.35 269.87 -15.76 42.18 13.31
Mahindra Holidays & Resorts India 2266.41 -25.46 29.05 616.61 634.59 -2.83 38.23 52.26
Lemon Tree Hotels 1853.86 -63.03 -10.52 176.13 150.53 17.01 -17.68 34.23
Thomas Cook (India) 1062.95 -56.3 12.85 1089.89 1363.28 -20.05 -15.95 -19.3
Oriental Hotels 360.77 -38.97 30.32 71.28 92.85 -23.23 -0.15 -0.39
*Result data for Q3FY20 and Q3FY19

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 55

Special Report
into many companies reporting net loss for Q4FY20 as
compared to net profit gained in Q4FY19. Since the beginning
of the year, investors have been sceptical about the industry’s
performance which is evident from the fall in stock prices.
Amongst the stock of airline companies, InterGlobe Aviation,
the holding company of IndiGo, has given a negative return of
24.34 per cent since the beginning of the year while SpiceJet fell
by 55.8 per cent.
The stock of Lemon Tree Hotels fell by 63.03 per cent on YTD
basis. Though the stock of Thomas Cook (India) wiped off
investors’ money by 56.3 per cent on YTD basis, owing to the
bullish rallies in the Sensex post the sharp decline on March 23,
2020, the stock has recovered by 12.85 per cent. The best
recovery is posted by SpiceJet with the stock recovering by
53.58 per cent since March 23. InterGloble Aviation was able to
report increase in sales with passenger revenues and ancillary
revenues increasing. Though the company alone reported a
loss of `3.8 billion for the month of March led by pandemic
disruptions, its cargo business attracted good revenue.
The Alternatives
During such a tough time, revenues from the cargo business
have been a saviour for the airline companies. Companies have
taken advantage of the current situation to venture into
alternative businesses as well. Indian Hotels plans to launch
food delivery business from its hotels as well as brands in the
alcoholic beverage category to boost its revenues. Currently,
the industry must focus on preparing for the upcoming
demand by paying attention to marketing and upgradation
while keeping within sights integration of digitalization. This
‘stop gap plan’ is about maintaining a thread of communication
by using the social media and advertisements to influence
consumers.
It will also help in strengthening communications within the
company to create an efficient budget and plan for reopening
and to utilise this period to fix and upgrade whatever is
possible wherever. Post the pandemic scenario when the virus
no longer poses a threat to masses and travel resumes again,
industry researchers believe that any reopening that is carried
out must be done keeping long-term benefits and safety
compliances in mind. Companies can reach out to deferred
and cancelled bookings and give extra attention to domestic
travellers. Also, they must slowly roll out their services
depending on the demand rather than starting everything at
once to avoid getting caught up in unnecessary spending.
The Indian tourism industry has been able to gain a
comparative market share with travellers across the world
frequently visiting India for tourism. Tourism campaigns such
as ‘Incredible India’ and various others have also boosted the
industry. India’s domestic tourism is considered to be the
56 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
The Strategy
Companies in the industry have been
shifting focus from growth to conserving
cash and revising full year capacity
guidance to factor in the weaker demand
environment. This makes them better
placed to withstand economic downturn.
third-largest in the world with close to 1.7 billion tourism visits
while our share of the international market has become over 1
per cent with earnings of around USD 29 billion in forex.
Keeping this in mind, Federation of Associations in Indian
Tourism and Hospitality (FAITH) suggests that along with
other sectors, the airline and tourism industry also is in need of
a stimulus package to boost it since it is one of the most
affected by the virus-triggered disruptions.
Way Forward
With economic activity expected to start stabilising around
Q2FY21, recovery can only be seen from Q3FY21 and the next
quarters ahead. Looking forward, the industry may be able to
benefit more from corporate bookings than from tourist
bookings, but still the inflow of revenue will remain hindered.
When travelling will resume, the most complex constraint will
be of social distancing efforts and travel or group gathering
restrictions on global populations. Hotel and resort
properties primarily catering to discretionary travel will be
affected the most, including luxury, upper upscale, urban,
and airport and resort properties. However, a timid recovery in
the industry will be seen with the fundamental reason being
that once travel restrictions are uplifted and the fear in the
minds of people subsides, the pent-up demand of consumers
to leave their homes and venture out once again will boost
growth.
Additionally, with the government injecting monetary and
fiscal stimulus in the economy as well as with an expected
substantial rebound in economic activity by 2021, companies
in the industry with strong financials, practicing good
corporate governance system and properly managing their
expenses (cost optimization) will be to be able to survive
through the current economic conditions. Industry experts
also suggest that though cash issues will pose a problem,
companies which are better placed than their peers in terms of
cash reserves, strong brand visibility and focus on long-term
growth will emerge as the best picks. DS
DSIJ.in

Jayesh Dadia
Chartered Accountant
I had, as an individual, invested `1 crore as
share capital in ABC (P) Ltd. in 2001. Three
years ago, ABC went into liquidation and in the
current financial year the company has been
wound up by an order of NCLT. On winding up, I
received `1.5 crore, being the surplus left after
payment of all the liabilities. What I want to
know is whether the amount received is now
taxable and if yes, under which head should it
be calculated and how?
It is clearly mentioned under Section
46(2) of the Income Tax Act that if a
shareholder receives money on the
liquidation of a company, it shall be liable
for Income Tax under the head of capital
gain. Thus, the amount of `1.5 crore is
subject to Capital Gain Tax in the current
financial year i.e. 2020-21, relevant to
assessment year 2021-11. Since you were
holding the shares for more than two
years, the capital gain would be
considered long-term capital gain.
Further, while calculating the capital gain,
you will also be entitled to deduction of
cost with indexation. If your indexed cost
is more than `1.5 crore, there will be
capital loss in your hand which could be
available for set-off against any other
capital gain you may have made in the
current financial year. The unabsorbed
long-term capital gain can be carried
forward for subsequent eight years.
I am employed with an MNC, drawing salary of
`2 lakhs per month. Due to the ongoing
lockdown, my employer is contemplating
either to reduce my salary since there is no
business and insufficient cash flow or pay part
salary now and defer the balance till the cash
flow status of the company improves. Also, the
MNC has decided to pay all employees,
including myself, an ad hoc allowance so that
we can meet our household expenses. The MNC
DSIJ.in
Tax Column
may also decide to waive off the entire salary
for the months of April, May and June. I want to
know the tax implications in such a scenario.
Under Section 15 of the Income Tax Act
which is related to income falling under
the head salary, it is clearly stated that any
salary due from an employer or former
employer to an assessee in the previous
year, whether paid or not, is chargeable to
tax. Thus, under Section 15(1)(a), any
salary due from an employer is chargeable
to tax in the previous year, whether it is
actually paid or not. Considering the
aforesaid, any salary which is deferred till
the improvement of cash flow is taxable in
the hands of employees whether it is
received or not received in the previous
year. Hence, deferment of salary is taxable
even if you have not received it during the
previous year.
If the employer decides to reduce the
salary by say 50% and if the employer
gives a letter regarding reduction of the
monthly salary, then what is due on
account of salary is the reduced amount
and the said reduced amount is taxable in
the hands of the employees, whether
received nor not. Waiver of salary by the
employer is not taxable in the hands of the
employees since the salary is not due to
employees. Therefore, it is outside the
purview of Section 15(1) of the Income
Tax Act.
There could be a case where certain
employees surrender 10 days or one
month salary so that the said amount can
be used by the employer to donate to any
government organisation or NGO to help
fight the virus pandemic. In such a case,
the surrender of salary cannot be taxed in
the hands of the employees. Section
10(14)(i) provides for exemption of
certain allowances made to employees
which are specifically granted to meet
expenses wholly, necessarily and
exclusively incurred for performance of
duties of an office or employment of
profit. During the lockdown period it may
so happen that employee may not have
incurred expenses against the receipt of
the allowance and therefore in my
opinion such an allowance received
during the lockdown period to meet
household or personal expenses would be
taxable in the hands of the employees.
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL
XYZ Charitable Trust is registered under Section
12A of the Income Tax Act since 2009 onwards.
I am a managing trustee of this organisation
and was told that there are some amendments
regarding registration under Section 12AB in
respect of existing trusts as well as new
charitable trusts. Can you highlight the new
provisions in the Income Tax Act? Is our trust
required to apply for fresh registration?
Section 12AB of the Income Tax Act has
been inserted with effect from October 1,
2020. All charitable institutions which
are currently registered under Section
12A or Section 12AA are required to
apply for fresh registration under Section
12AB. Similarly, all new charitable trusts
seeking exemption under Section 11 and
Section 12 are required to apply for
registration under Section 12AB of the
Income Tax Act. Since your charitable
trust was registered in 2009, you are
required to upload a fresh application on
or before December 31, 2020. Within
three months, from the end of the month
in which the application is uploaded, the
Principal CIT or CIT will provide
registration for five years. The Principal
CIT or CIT will not make any inquiries
about the genuineness or activities of the
trust or compliances of such
requirements of other laws as are
material for the purpose of achieving the
objectives of XYZ Charitable Trust. If
you fail to apply for fresh registration on
or before December 31, 2020, the the
existing registration will expire and
accordingly the trust will lose exemption
under Section 11 and Section 12 of the
Income Tax Act. The process of
registration for new and existing
charitable trusts will be completely
electronic under which a Unique
Registration Number (URN) shall be
issued to all the new and existing
charitable institutions. Moreover, new
institutions which are yet to start their
charitable activities will get provisional
registration for three years. With these
amendments, every trust has to apply for
registration on expiry of five years as
against the earlier scenario of its validity
being for an indefinite period. Various
time limits have also been prescribed
with respect to new and existing trusts
which are to be followed for the purpose
of registration. DS
57
 Expert Speak
Focus On Time
In The Market
T
he economic turmoil due to the virus pandemic
has hugely impacted the stock markets. In fact, the
last three months have perhaps been the most
challenging ones that equity investors could face
during their lifetime. A steep fall of around 40 per
cent witnessed by the Indian stock market from its peak in
mid-February has left investors gasping for breath. Needless to
say, the market downturn has severely impacted the portfolios
of equity investors, compelling them to think whether their
asset allocation and investment strategies require any
realignment to get their investments back on track.
Even those investing through SIP over the last five years or so
have panicked on seeing returns turning negative. Thankfully,
the stock market recovered sharply from the lows on March 23,
2020 and provided some respite to distraught investors.
However, there is still a lot of ground to cover for the
benchmark indices to move back to their pre-pandemic levels.
The patience and perseverance of investors will be put to test
during this difficult journey. There is no doubt that the stock
market will eventually recover but only those investors who
keep their faith in equity as an asset class, ensure the right mix
of exposure to different market-caps in their portfolios and
continue to follow a disciplined approach are likely to gain the
most.
Hence, investors must keep their focus on their investment
goals and time horizons to achieve each one of them. The sharp
fall and the subsequent recovery highlight not only the vagaries
of the stock market but also the fact that it is almost impossible
to predict short-term movements. While ideally every investor
would like to invest when the markets are down and exit when
the markets are high, even the most experienced fund
managers find it difficult to do so successfully on a consistent
basis. That’s why it is important to focus on time in the market
rather than trying to time the market.
In fact, for investors who are sure about their time
commitment, a current market like situation provides an
opportunity to realign the portfolio in terms of allocation to
58 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
Hemant Rustagi
Chief Executive Officer, Wiseinvest Advisors
different market-caps of the stock market. Although large-cap
stocks have been leading the recovery process and are likely to
remain at the forefront going forward too, one shouldn’t
undermine the importance of having a reasonable exposure to
mid and small-cap stocks in the portfolio.
Ideally, for a long-term investor, exposure to large-caps should
be in the range of 50-60 per cent. The exposure to mid-caps
should be around 30 per cent and the remaining can be
allocated to small-caps. However, maintaining this allocation
over a longer period can be quite tricky for most investors.
Investing in quality multi-cap funds can help investors transfer
this responsibility to fund managers who have the flexibility to
realign the allocation to different market segments without any
tax implications for them.
Of course, there can always be a risk of a fund manager either
becoming more aggressive or conservative than what may be
suitable for you as an investor. Thankfully, a careful analysis of
long-term performance of a fund brings out the level of
consistency, both in terms of allocation to different market
segments as well as performance. So, if you have been investing
in a mix of large, mid and small-cap funds, you must have a
close look at the composition of your equity fund portfolio. If
allocation to either a segment or segments is disproportionately
lower or higher, take immediate steps to realign it to create the
right balance between risk and reward. However, don’t allow
short-term performance alone to be the key influencer in your
process of realigning your portfolio. Keep an eye on your risk
profile and time horizon as both have an important role to play
in deciding your risk-taking capacity.
Another important aspect that requires your attention is
investment strategies of different funds in your portfolio.
Although mutual funds are diversified by nature, some
exposure to funds following a focused strategy can improve
your chances of earning higher returns. The good thing about
focused funds is that they are usually well-diversified in terms
of sector exposure and that allows you to offset higher risk on
account of concentrated bets at the stocks level. DS
DSIJ.in
QueryBoard
Investment Horizon
Query-Specific

IOL CHEMICALS AND PHARMACEUTICALS ASIAN GRANITO INDIA LIMITED

I have purchased 1,000 shares of IOL Chemicals and
Pharmaceuticals Limited at a price of `388. Should I
exit or continue to hold?
 - Ankush Mundra
Kindly suggest if I should continue to hold, buy
more or book profit for 250 shares of Asian Granito
bought at `140 each.
 - M Singh

BOOK
HOLD
BSE/NSE Code 524164 / IOLCP BSE Code 532888 / ASIANTILES PROFIT

Face Value `10 Face Value `10

CMP `495.35 CMP `214.10
52-Week High `498.70 / Low `147.35 52-Week High `275.00 / Low `109.15
Your Current 27.66 per cent Your Current 52.92 per cent
Profit/(Loss) Profit/(Loss)

I A
OL Chemicals and Pharmaceuticals Limited is a pharma-
ceutical company engaged in manufacturing and selling of
organic chemicals and bulk drugs. It caters to both domestic
and international markets and operates through two segments.
Its operations include bulk drug APIs and speciality industrial
organic chemicals. On a quarterly standalone front, its total
income increased by 5 per cent to `446.81 crore in Q4FY20
from `424.49 crore in Q4FY19. In Q4FY20, the company
reported an operating profit of `142.20 crore which reduced by
11 per cent from `159.34 crore in Q4FY19. The company
reported a decrease in net profit by 11 per cent to `90.03 crore
in Q4FY20 as against net profit of `101.65 crore in Q4FY19. On
the annual front, the company reported total income of
`1,910.49 crore in FY20, up by 13 per cent from `1,695.70 crore
in FY19. Operating profit for FY20 came in at `589.90 crore, up
by 40 per cent from `420.02 crore in FY19. The company
reported an increase in net profit by 51 per cent to
`361.29 crore in FY20 as compared to `236.70 crore in FY19.
The company has become debt-free as of March 31, 2020 by
pre-paying its outstanding term loan. Since the company has a
well-established business position leading to continued
generation of healthy profits, we recommend HOLD.
sian Granito India Limited is engaged in the business of
manufacturing various tiles such as wall, ceramics, marble
and quartz. The company manufactures several types of
vitrified tiles, including glazed, that are polished in over 1,200
designs. It also exports its products to approximately 50 countries.
On the consolidated quarterly front, the company reported net
sales of `297.86 crore in Q3FY20, increasing by 0.55 per cent from
`296.22 crore reported in Q3FY19. The operating profit of the
company came in at `34.33 crore in Q3FY20 as compared to
`24.98 crore in Q3FY19, showcasing a growth rate of 37.43 per
cent. The net profit of the company was reported at `11.04 crore in
Q3FY20, increasing by more than two-fold from `4.97 crore in
Q3FY19. On an annual basis, net sales grew by 1.3 per cent in
FY19 to `1,186.66 crore from `1,171.40 crore in FY18. The
operating profit of the company was down by 36.14 per cent on
YoY basis and was reported at `90.63 crore in FY19 from
`141.92 crore in FY18. Similarly, the net profit saw a fall of 65.53
per cent and came in at `18.74 crore in FY19 from `54.36 crore in
FY18. The sectoral slowdown will pose challenges for Asian
Granito in the quarters ahead and given that the company is not a
market leader in its space, the slowdown is likely to have a bigger
impact. Given the current valuations, we would recommend
BOOK PROFIT on this scrip.

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. No. 35
31 No.
No.20
16
Query:
Send in your queries:
DSIJ Pvt.
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C-101, 3rd
1st Floor, Trade Center,
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Opp. Lane No. 6, Koregaon Park,
Address:
Pune - 411001
E-mail: Email:editorial@DSIJ.in

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 59

QueryBoard
LARSEN AND TOUBRO
Kindly advise next course of action for 135 shares of
Larsen and Toubro that I am holding currently.
 - Mahendra Kumar Agarwal
HOLD
NSE Code 500510 / LT
Face Value `2
CMP `924.25
52-Week High `1,591.60 / Low `661.05
Your Current --
Profit/(Loss)
L R
arsen and Toubro Limited is a technology, engineering,
construction, manufacturing and financial services
company. It manufactures engineering equipment,
undertakes large-scale engineering projects and acts as the
Indian representative for a number of overseas’ manufacturers
of heavy machinery.
On a quarterly consolidated front, the company reported net
sales of `44,245.28 crore in the quarter ended March 2020,
increasing by 2.18 per cent from `43,303.40 crore in the
corresponding quarter for the previous fiscal year. Growth in
revenue was mainly on account of the company’s IT services,
hydrocarbon and financial services’ segments. In terms of
operating profit, the company reported `7,717.15 crore in
Q4FY20 and `7,856.76 crore in Q4FY19 – a decline of 1.78 per
cent. Net profit came in at `3,415.84 crore in Q4FY20,
declining by 12.78 per cent from `3,916.13 crore in the same
period for the previous fiscal year.
On an annual basis, net sales saw growth of 7.57 per cent in
FY20 to `145,452.36 crore from `135,220.29 crore in the
previous fiscal year. The operating profit of the company was
reported at `26,731.76 crore in FY20, up by 8.88 per cent from
`24,551.80 crore in FY19. Net profit came in at `10,822.32
crore in FY20, expanding by 5.71 per cent from `10,237.57
crore in the previous fiscal year.
The domestic order inflow grew 9.3 per cent on YoY basis, more
than offsetting the subdued inflow for international orders
which fell by 4.6 per cent on YoY basis. On the whole, the
company’s order book rose 4.5 per cent YoY to `303,857 crore in
FY20. The company has a strong order book and the order
inflow momentum is expected to improve post the lockdown
phase. It is likely to emerge stronger in the post-pandemic era to
further consolidate its market share in the Indian construction
industry. Given the current upside potential following a recent
correction, we recommend HOLD on this scrip.
60 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
Investment Horizon
Query-Specific
RASHTRIYA CHEMICAL AND FERTILISERS
I am holding 200 shares of Rashtriya Chemical and
Fertilisers (RCF) purchased at `40 per share about
two years back. Kindly advise if I should continue to
hold or move out of it.
 - Meenakshi Gaur
HOLD
BSE/NSE Code 524230 / RCF
Face Value `10
CMP `46.85
52-Week High `65.75 / Low `22.05
Your Current 17.12 per cent
Profit/(Loss)
ashtriya Chemicals and Fertilisers Limited is a fertiliser
and chemical manufacturing company. It manufactures
urea, complex fertilisers, bio-fertilisers, micro-nutrients,
water-soluble fertilisers, soil conditioners and a range of
industrial chemicals.
On a consolidated quarterly front, net sales were reported at
`2,606 crore in Q4FY20, up by 14.95 per cent from `2,266.98
crore in Q4FY19. The operating profit of the company came in
at `424.32 crore in Q4FY20 as compared to `156.76 crore in
Q4FY19, representing an impressive growth rate of 170.68 per
cent. Similarly, in Q4FY20, its net profit jumped nearly
three-fold and was reported at `142.28 crore from `48.47 crore
in the same period for the previous fiscal year.
On an annual basis, net sales expanded by 9.14 per cent in
FY20 to `9,697.95 crore from `8,885.47 crore in FY19. The
company reported an operating profit of `711.96 crore in FY20,
increasing by 36.04 per cent from `523.35 crore in the previous
fiscal year. The company reported a net profit of `208.15 crore
in FY20, showcasing growth of 49.57 per cent from `139.17
crore in FY19.
Despite various challenges, the financial performance of the
company has been quite impressive in FY20 as compared to the
previous year, even going on to post its highest growth in
revenue since its inception. The farming sector is expected to
get help from a good monsoon forecast in FY 2020-21, while
the fertiliser industry will benefit from a relief package
authorised by the centre – an approved vintage allowance of
`150 per tonne of urea to certain plants and additional fixed
cost of `350 per tonne of urea as per Modified NPS III which
was long-awaited and will provide cost advantage to the
company, As a result, the company looks fully geared up to face
the upcoming challenges despite the ongoing pandemic crisis.
Hence, we recommend HOLD.
DSIJ.in
 Investment Horizon
Query-Specific

INDIAMART INTERMESH TATA CONSULTANCY SERVICES LIMITED

What should I do with 100 shares of IndiaMART
InterMESH bought at `2,530?
 -Amit Jain
I have bought 50 shares of TCS at `1,800 per share
for long-term investment. Please advise next course
of action.
 - Dushyant Nayak

HOLD HOLD
BSE/NSE Code 542726 / INDIAMART BSE/NSE Code 532540 / TCS
Face Value `10 Face Value `1
CMP `2211.20 CMP `2092.55
52-Week High `2,862.00 / Low `952.00 52-Week High `2,296.00 / Low `1,504.40
Your Current (12.60 per cent) Your Current 16.25. per cent
Profit/(Loss) Profit/(Loss)

I T
ndiaMART InterMESH is an online marketplace connecting ata Consultancy Services Limited (TCS) provides
buyers with suppliers. The company’s online channel focuses information technology (IT) services and digital and
on providing a platform to small and medium enterprises business solutions. Its business segments include
(SMEs), large enterprises as well as individuals. Its product banking, finance and insurance services (BFSI), manufacturing,
categories include industrial plants and machines, electronics retail and consumer packaged goods (CPG), telecom, media
and electrical, industrial supplies, building and construction, and entertainment, among others.
apparel and garments, food and beverages, medical and
healthcare, packaging machines and goods, chemicals, dyes and Looking at the quarterly trends on a consolidated basis, for the
solvents, mechanical parts and spares, etc. fourth quarter of FY20, the company reported net sales of
`39,946 crore, an increase of 5.09 per cent as compared to the
On the consolidated financial front, the nets sales for the fourth net sales of `38,010 crore for the same quarter of the previous
quarter of FY20 amounted to `170.10 crore, an increase of 23.26 fiscal. PBDT also increased by 1.99 per cent for the fourth
per cent as compared to net sales of `1,338 crore for the fourth quarter of FY20 and was `11,463 crore as compared to
quarter of FY19. The PBDT for the fourth quarter of FY20 was `11,239 crore for the fourth quarter of FY19. For the fourth
reported to be `67.80 crore, which is an increase of 99.14 per cent quarter of FY20, the net profit decreased by a mere 0.72 per
as compared to `34.90 crore reported for the same quarter of the cent to `8,093 crore when compared to `8,152 crore in the
previous fiscal year. There was a significant increase in net profit fourth quarter of the previous fiscal.
by 59.57 per cent for the fourth quarter of FY20 to `45 crore
from the net profit of `28.20 crore gained in Q4FY19. On the annual front, in FY20, the company reported net sales
of `156,949 crore, an increase of 7.16 per cent over net sales of
Looking at the annual trend, net sales amounted to `638.90 crore `146,463 crore reported in the previous fiscal year. For FY20,
for FY20, thus increasing by 25.92 per cent when compared to the PBDT stood at `45,777 crore, which is an increase of 4.95
`507.40 crore for FY19. In FY20, PBDT also increased per cent compared to `43,619 crore for FY19. In FY20, the
significantly to `234.20 crore from `58 crore reported for FY19. company reported a rise in net profit by 2.8 per cent to `32,447
crore from `31,562 crore posted in the previous fiscal.
The company calculated the net profit for FY20 at `149 crore,
which is a tremendous increase compared to the net profit of For the company, Europe has been a key growth region for the
`20.10 crore gained in FY19. The company was able to maintain exploration and expansion of its business operations. Though
modest growth in revenues in these turbulent times of the virus the company displayed minimal impact of the pandemic during
pandemic. However, going forward there could be a decline in Q4FY20, the management has stated that the peak of the virus
demand, but in the long term this will be offset as business outbreak impact on TCS will be seen in H1FY21 and following
houses now prefer to adapt to online deals and transactions. it will be a recovery period during H2FY21. Owing to
successful contract wins and market-share gains, TCS is
The company is well-diversified over various product categories expected to witness positive revenue growth levels.
and also has a strong balance-sheet, which will aid its growth
potential. Thus, we recommend HOLD. Hence, we recommend HOLD
(Closing price as of July 01, 2020)

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 61

Reviews
In this edition, we have reviewed Parag Milk Foods Limited and Bajaj Finance Limited. We suggest our
reader-investors to HOLD in Parag Milk Foods Limited and Bajaj Finance Limited.

Change
PARAG MILK FOODS LIMITED HOLD 59.88 Per Cent
CMP - `93.10

BSE CODE Reco. Price Face Value

539889 `232.10 `10

W
e had previously
recommended Parag Milk
Foods in Volume 33, Issue No.
23, dated October 15 – 29, 2018. The
stock was then trading at `232.10 and it
was recommended based on the
company’s huge growth potential, new
product range and strong financials.
The company is engaged in
manufacturing and processing of milk
and milk products marketed under
brand names such as Gowardhan, Go,
Pride of Cows, etc.
Looking at the quarterly trends on a
consolidated basis, for Q4FY20, the
company posted net sales of `535.23
crore which is a decrease by 20.37 per
cent compared to net sales of `672.15
crore for Q4FY19. Parag Milk Foods
reported `32.05 crore as PBDT for
Q4FY20, decreasing by 24.15 per cent
compared to `42.25 crore calculated for
Q4FY19. The company gained net profit
of `10.11 crore in Q4FY20, contracting
by 67.69 per cent compared to `31.29
crore gained in Q4FY19.
Taking into consideration the annual
financial trend, for FY20, the net sales of
the company increased by 1.76 per cent affected because of skewed FMCG sales
to `2437.92 crore from `2395.66 crore for as result of the lockdown which was
FY19. The PBDT decreased by 8.78 per implemented to curb the spread of
cent and stood at `180.60 crore for FY20 COVID-19. Parag Milks foods was able
as compared to `197.97crore for FY19. to gain sales from its fluid milk
Net profit decreased by 22.39 per cent to category. The company has also
`93.69 crore in FY20 from `120.72 crore launched various new products. With
in FY19. offer doorstep deliver services, the
company is expecting to boost sales
For Q4FY20, the company’s sales were growth. Hence, we recommend HOLD.

Change
BAJAJ FINANCE LIMITED HOLD 28.63 Per Cent
CMP - `2954.15

BSE CODE Reco. Price Face Value

500034 `4,135.20 `2

W
e had previously
recommended Bajaj Finance
in Volume 35, Issue No. 2,
dated December 23, 2019 – January 5,
2020 as part of the cover story. The stock
was then trading at `4,135.20 and was
recommended based on the company’s
expected AUM growth and strong
business model. Bajaj Finance, which is a
non-banking finance company (NBFC),
is primarily engaged in lending and
allied activities focusing on consumer
lending.
On the quarterly consolidated front, the
company’s net interest income (NII)
grew by 38 per cent in Q4FY20 to
`4,684 crore from `3,385 crore in
Q4FY19. Its assets under management
`147,153 crore in Q4FY20 from
`115,888 in Q4FY19. The net profit of
the company fell by 19 per cent mainly
on account of the virus pandemic
provisions and was reported at `948
crore in Q4FY20 as against `1,176 crore
in Q4FY19.
On an annual basis, its NII grew by 42
per cent to `16,913 crore in FY20 from
`11,877 crore in FY19. The AUM for
FY20 was `147,153 crore, expanding by Bajaj Finance enjoys a favourable
27 per cent from `115,888 crore in FY19. reputation and name in capital markets
The net profit of the company increased and also enjoys a referred partner status
to `5,264 crore in FY20 from `3,995 among retailers. Given the company’s
crore in FY19. The company is well- strong liquidity position, healthy CRAR,
capitalised with CRAR of 25 per cent and strong geographical presence, growing
has a liquidity surplus of `15,725 crore as AUM and established parentage, we
of March 2020. recommend HOLD. DS

(AUM) expanded by 27 per cent to (Closing price as of July 01, 2020)

62 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

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

ON THE FAST TRACK

Balkrishna Industries is India’s leading player
Balkrishna Industries in the global off-highway tyre (OHT) market.
BSE Code: 502355 Deep understanding of the PHT market has
CMP: `1269.00 led it to build capabilities to manufacture
over 2,700 SKUs. The company sells its
products to over 160 countries through a vast distribution network
in Americas, Europe, India and the rest of the world. The
management had indicated that they should be able to cross
200,000 MT sales volumes for FY20 and was able to cross this
figure with sales volume of 201,760 MT for FY20. This is despite the
shutdown of manufacturing operations and dispatches across all
their plants due to the pandemic-driven lockdown. Balkrishna
Industries has a resilient business model in place and is confident of
withstanding near-term challenges to emerge stronger with a higher
global market share. Hence, traders with short to medium-term
perspective can consider this stock for decent returns.

POISED FOR PROSPERITY PICKING UP SPEED

HDFC Life
BSE Code: 540777
CMP: `549.30
There is a strong murmur on Dalal Street
that in the semi-annual review of the
components of Nifty by exchanges could
lead to inclusion of HDFC Life. If this turns
out to be true, this stock may witness good
inflow. One of the leading broking firms had
estimated HDFC Life to post an inflow of
USD 100 million with a weight of 99 basis
points because of the rebalancing for index
funds.
Motilal Oswal
Financial Services
BSE Code: 532892
CMP: `595
Motilal Oswal Financial Services is
an Indian diversified financial
services firm offering a range of
financial products and services. As per our sources and
according to the grapevine of the dealers, the stock is posting
good accumulation from HNIs in recent days since they are
betting on a big announcement to be made soon, which could
induce strong momentum in the stock. Further, an ace investor
who has a knack for picking up stocks at inflection point is
quite bullish about this scrip. Hence, traders and investors with
high risk appetite can grab this stock.

ENSURING HEALTHY GROWTH Cipla and Boehringer Ingelheim have forged a

Cipla partnership to co-market three oral anti-diabetic drugs.
BSE Code: 500087 With this latest multi-product deal, Cipla will be at the
forefront of providing holistic diabetes care. As per the
CMP: `627.10 International Diabetes Federation, India is home to 77
million adults aged between 20 and 79 years with
diabetes, ranking second behind China, and is poised to reach 134.2 million
patients by 2045. Fortunately, while the number of patients is increasing, so is
the awareness among the public to address it. The Indian diabetes market is
valued at Rs 145,451 million and is growing at 10.35 per cent (IMS MAT, May
2020) with the oral anti-diabetic market being valued at Rs 107,354 million
and growing at 11.34 per cent (IMS MAT, May 2020). After this deal the
company has placed itself in a sweet spot for growth. DS

(Closing price as of July 01, 2020)

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 63

64 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in
 MF Page - 01

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Quarterly Review
Stamp Duty on MF I found your cover story ‘The Art of Portfolio Management’
very insightful. It has really helped me to understand how to
Purchases: Not a Big Deal go about reviewing my investment portfolio. However, I would
like to know about things that should I look at in a quarterly

F
review.- Ranjit Pillai
rom the start of this month, all mutual fund investors
have to bear stamp duty at a rate of 0.005 per cent on
mutual fund purchases. The duty is irrespective of the Editor Responds : Thank you for appreciating our cover story.
amount you have invested and is applicable for every Reviewing your portfolio at an equal interval helps you to keep
category of investment such as equity, debt and hybrid. Even all track of what is happening with your portfolio so that you can
current systematic investment plans and systematic transfer take corrective action if required. During your quarterly review,
plans whose amount will be debited in this month have to pay you need to check the performance of your portfolio, changes in
this duty. Many are considering it as a return of entry load, fundamentals of the funds invested and, most importantly, your
which was abolished more than 10 years ago. However, I portfolio allocation.
believe the duty is not substantial and will not dent the returns.
For every investment of Rs 1 lakh of investment, you have to
pay Rs 5 as stamp duty. This will have a negligible impact on
the individual investor. First, on an average, retail investors
have asset under management of little northward of Rs 1.5
Content
lakhs. Hence, even if an investor makes an investment of Rs 1.5
lakhs in lump sum, he needs to pay only Rs 7.50. Moreover, in
SIP, the much-preferred route of retail investors, the average
Cover Story MF Page
02
ticket size is about Rs 5,000 on which you would need to pay Can Investing In Mutual Funds
around Rs 0.25. Therefore, the imposition of stamp duty should
not hurt the sentiment of individual mutual fund investors. Make You A Billionaire?
On the contrary, this move will instil discipline among
investors as it will restrict them from frequent churning of the
portfolio for fear of attracting stamp duty. In terms of the type Financial Planning MF Page
07
of plan, it might adversely impact the dividend reinvestment
plan as dividend reinvestment will attract stamp duty that will
reduce the future returns. This has come after the Union
Budget 2019 made dividends fully taxable as per the slab rate. Interview MF Page
08
This move will also hurt the returns of investors holding funds
for a shorter duration, especially for liquid funds and overnight Prathit Bhobe
funds. The impact is inversely related to the holding period. So CEO and Managing Director
if a fund is held for a week it will see a larger impact of stamp Tata Asset Management
duty as compared to a fund held for a month. In this space,
however, institutional investors or HNIs are more active and
hence will not be impacted as compared to retail investors.
Special Report MF Page
12
Downside Risk: Selecting
SHASHIKANT Funds, Looking Beyond Returns
Cover Story MF page - 02

Can Investing In
Mutual Funds Make You

When we read about the lifestyles of

the billionaires across the world,
doesn’t it ignite a dream to become a
part of that exclusive group of
people? It does, surely! It also makes
us wonder about the strategy or
approach that one needs to adopt to
become wealthy. Is investing in
mutual funds one of those options?
Read on to find out

T
he word ‘crorepati’ in India carries with it the
connotation of exclusivity. It’s like a club which only
selected members can join. But, in recent times,
with the number of crorepatis on the rise, the ones
who really have wealth now aspire to be known as
‘arabapati’ since the tag automatically qualifies you as one who
can live the most lavish lifestyle. Ideally, there are very few
people who have created a fortune for themselves and become
billionaires, namely, whose value is `100 crore and more. The
rest of them are billionaires because they have inherited a
fortune.

Becoming a planned billionaire is quite a difficult task. However,

it is quite possible thanks to mutual funds that can help you in

66 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in


creating such wealth if you can invest the required amount.
For any salaried individual or middle-class person, having a
bank balance of `1 crore is surely very alluring. But there are
some who nurse bigger dreams and would like their assets to
run into `100 crore, i.e. `1 billion. There can be various
reasons to achieve this elusive number. Some wish to lead a
lavish lifestyle, some might wish to spend their retirement
with all the comfort that money can buy and some might wish
to upgrade their standard of living.
However, to lead a comfortable life and be assured of a
financially secure future, mutual fund investors need to
exercise financial discipline and have a well-developed
financial strategy in place. And remember, all your efforts
would amount to nothing if you do not factor in the inflation
rate while planning your financial future. Inflation is a slow
DSIJ.in
MF page - 03
poison with capabilities of reducing your purchasing power
over a period of time. Now the question is how to achieve this
figure? There are various ways to do so but following are the
two most significant ways of going about this task.
Earn
This is one of the most adopted ways of becoming a billionaire.
Start a venture, grow it over a period of time and sell stakes at
premium. While doing so, you need to be extra diligent, patient
and have deep knowledge pertaining to your line of business. If
you wish to become a billionaire through this approach, get
ready to give yourself completely to your business. Here, to
make money work for you in the future, you first need to work
for it. When it comes to risk, there might be instances where
you won’t be able to generate revenues and make profits. For
instance, look at the present scenario: the extended lockdown
has made most businesses struggling to stay afloat. Only those
who have been wise enough to diversify have had the good
fortune to not sink in such choppy waters.
Invest
There is another way through which you can become a
billionaire and that is through investments. Even this path is
not that easy. You not only have to part with your hard-earned
money but it also requires you to be rational and disciplined
with your investments. While choosing this path you need to
be absolutely abreast with the investments you have chosen.
However, the best part is that you can always hire an expert to
take care of your investments. Also, here you don’t need to
work for money. In fact, money works for you. That said, you
need to be very diligent while investing. It’s not just returns that
you should chase. On the contrary, you should chase risk-
adjusted returns. This means that you should invest in such a
way that it matches your risk tolerance level. Investment in
itself is a large and diversified field. For the sake of simplicity
and options that are available to retail investors, we will study
only a few of the most common or popular modes.
Fixed Deposits
People are mostly comfortable with bank FDs. There are two
main reasons for that, the primary one being that you get a
guaranteed interest rate till the time the FD matures. And
secondly, your capital remains safe. Hence, the general query
that people tend to have is whether they can become
billionaires by investing in bank FDs? Technically, one can
become a billionaire by investing in bank FDs. Let us
understand it with the help of an example. Currently, on an
average the interest rate on bank FDs with 10-year maturity is 7
per cent. To keep it simple, taxation is ignored. Let us say you
invest for 20 years in bank FDs, assuming 7 per cent rate of
interest.
To become a billionaire at the end of the 20th year, you need to
deposit `25.84 crore upfront. If you invest in a staggered
manner, you would be subject to re-investment risk. This
would be more evident in a falling interest rate scenario. For
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 67
Cover Story
now, even if we ignore this risk and you invest in a staggered
manner assuming 7 per cent rate to remain constant, you need
to invest `19.20 lakhs per month for 20 years. In a real sense,
the required amount would be more if we account for taxes.
Therefore, even if you can be a billionaire by investing in bank
FDs, you need to be a millionaire to begin with. The required
amount of investment is quite high, which makes it an
inefficient way to become a billionaire.
Mutual Funds
Indeed, mutual funds are one of the most efficient and effective
ways of investing. Let us see though whether it can pave the
path for you to become a billionaire. The advantage of investing
in a mutual fund is that you can find various kinds of mutual
funds that can cater to different needs, including wealth
creation. Not just that, but you can also create a portfolio of
mutual funds that would help you fulfil your financial goals. To
understand whether mutual funds are truly helpful in creating
wealth, we carried out a study. Here we have assumed S & P
BSE Sensex as a representative of equity mutual funds. This
study has been carried out for a 20-year period of 1999 to 2019.
For this study we have taken three different ways of investment,
namely, lump sum, systematic investment plan (SIP) and step-up
SIP. Step-up SIP is nothing but a gradual increase in your SIP
amount as and when your cash flow increases. We have assumed
that `50 lakhs is invested as a lump sum option with a SIP of
`30,000 per month along with the option of step-up SIP. In case
of the step-up SIP option, we have assumed that the SIP amount
would increase by 7 per cent every year. The rationale behind
choosing 7 per cent is that usually the income of a salaried
individual on an average increase by that rate.
The above graph shows the movement of lump sum, SIP and
step-up SIP investment. As can be observed, lump sum proves to
be a better investment option than SIP as well as step-up SIP
even though it would not be fair to compare lump sum and SIP.
In fact, it would be more prudent to compare normal SIP with
step-up SIP. In our example, step-up SIP proves to be better than
normal SIP for obvious reasons since you are gradually
increasing your investment. However, neither the lump sum
investment of `50 lakhs nor the SIP of `30,000 per month or
68 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
MF page - 04
step-up SIP can help you achieve the billionaire status at the end
of 20 years since the accumulated amounts would be `6.22 crore,
`3.52 crore and `5.49 crore, respectively.
So, does it mean that mutual funds will not help you to turn your
dream into a reality? No, there is a way. Let us see how you can
achieve this goal. As we can see from the above graph, you can
very well achieve `100 crore in 20 years by investing in any
method that you feel comfortable with. However, the only catch
is that the investment amount is different. This means that to
become a billionaire you need to invest `8.04 crore in lump sum
or `8.51 lakhs per month in SIP and `5.47 lakhs for step-up SIP
which gradually increases by 7 per cent per annum. The amount
that needs to be invested is indeed on the higher side. The result
is derived from investment in Sensex, which represents large-
caps. However, investors normally invest in diversified equity
portfolios that also include mid-cap and small-cap funds.
Therefore, we did the above exercise with S & P BSE 500.
The above graph shows the movement of lump sum, SIP and
step-up SIP when you invest in S & P BSE 500. S & P BSE 500
includes mid-cap and small-cap companies as well. Even by
investing in S & P BSE 500 you can be a billionaire. In fact, the
investment amount required is lower compared to investment in
S & P BSE Sensex. While investing in S & P BSE 500, you need to
invest `6.49 crore in lump sum, `8.11 lakhs per month in SIP
and `5.35 lakhs per month to start with via step-up SIP. Though
the investment amount is less compared to S & P BSE Sensex, yet
DSIJ.in
 MF page - 05

the investment is considerably on the higher end for an average

salaried person.

As we can see from above graph, when you invest in S & P BSE
Sensex, in terms of XIRR, SIP proves to be a better route to
become a billionaire compared to lumpsum and step-up SIP. But
when it comes to investment in S & P BSE 500, in terms of XIRR,
lumpsum proves to be better than SIP and step-up SIP.

Impact of Falling Market

What if your 20-year period ends in a falling market? As we

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 69

Cover Story
know, no one can predict the market. Hence, there are
possibilities that your investment horizon might be in a falling
market as well. In such a situation, would ` 8.04 crore lump sum
or `8.51 lakhs SIP or `5.47 lakhs step-up SIP be enough to make
you a billionaire? Let us find out. For this particular study we
need to factor in the effect of any global financial crisis. Hence,
the investment period would now be for the period 1988 to
2008.
As we can see, lump sum of `8.04 crore did help you to become a
billionaire. In fact, it accumulated to `175 crore. However, with
the same amount, SIP and step-up SIP failed to reach the
milestone of `100 crore. The reason why lump sum is able to
accumulate more than SIP is that the whole investment remains
invested for the entire investment horizon. But, in case of SIP
and step-up SIP you get the benefit of risk management. This
means that the investment volatility would be fairly low
compared to lump sum investment. Also, this is because SIP has
an added advantage of rupee-cost averaging. That said, it seems
to be quite difficult for an average salaried individual to invest
such a big amount whether it is through lump sum, SIP or
step-up SIP.
The Strategy
So, the question is how to become a billionaire if the investing
route requires a lot of money? As mentioned at the beginning of
the article, there are two ways: one is to earn and the other is to
invest. But as investment requires higher amounts, you either
need to earn or have a combination of both. Let us take the
Majority of those on the Forbes list of
billionaires didn’t get there by diligently
saving and investing in a diversified
portfolio.
70 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
MF page - 06
example of a redwood tree and bushes to understand it in a
better way. Redwood sequoia trees are the tallest trees in the
world with a typical height of more than 300 feet. On the
contrary, bushes have multiple stems and branches that spread
out from the base. Hence, they are not very tall. Bushes are no
more than a few feet high. Even the tall bushes typically don’t
grow higher than 10 to 20 feet.
It is interesting to know that the world’s wealthiest people share
commonalities when it comes to building wealth. Take into
account Bill Gates’ share in Microsoft, Jeff Bezos’ share in
Amazon, Mark Zuckerberg’s share in Facebook, Larry Page and
Sergey Brin’s shares in Alphabet and Walton family’s shares in
Wal-Mart. A majority of those on the Forbes list of billionaires
didn’t get there by diligently saving and investing in a diversified
portfolio. In fact, similar to the redwood tree, they remained
concentrated and focused in a single direction for a very long
time. Also, for most of them, their primary wealth asset is still
their own share in their company.
However, in the world of investing, most people save and
accumulate wealth like a bush. Each part of savings is allocated
to a diversified portfolio which allows us to grow and build up
wealth over time. You probably won’t come across a billionaire
who has adopted a bush strategy to amass wealth. You will find
that most billionaires have become so either by way of growing
wealth like a redwood tree or a combination of the redwood tree
and a bush. Therefore, investing in mutual funds or any other
investment avenue, for that matter, doesn’t make you a
billionaire unless you have a huge amount to invest.
Conclusion
As is rightly said, there is no short-cut for wealth creation. Even
our study shows that one can indeed become a billionaire but
would need to invest quite a huge amount to reach there. And it
doesn’t matter whether you invest via lump sum, SIP or step-up
SIP. In fact, our study was based on the assumption that one
invests 100 per cent in equity. As we know, every human being is
different and so is his or her risk tolerance level. Hence, one
wouldn’t be dedicating 100 per cent of investment to equity. On
the contrary, a part of it would be in debt and another part in
equity. Therefore, with such an approach you can fulfil your
financial needs such as child’s education, marriage, your
retirement, international vacation, etc. But it won’t help you to be
a billionaire!
DSIJ.in
Financial Planning
Vikas Tulsyan, MD, Vision Ahead Services Pvt Ltd
The ‘Golden’ Touch
W
hen it comes to asset allocation, equity, debt
and real estate form the staple asset classes.
As for gold as an asset class, it always creates
some sort of confusion in the minds of
investors who remain unsure whether to
have exposure to it or not. However, what is often forgotten is
that gold plays an important role in the asset allocation process.
When asset classes like debt instruments, currency and equity
turn volatile due to various domestic and international
developments, gold, popularly known as the yellow metal,
emerges as a ‘safe haven’. Investors, banks, financial institutions
et al flock to accumulate gold in order to reduce risk to the
overall portfolio and tap into the handsome returns delivered
by gold as an asset class.
Potential Investment Option
A year back, in the Indian context, gold was the least discussed
investment option. This was largely due to demonetization and
its impact on the value of savings. Hence, the yellow metal
turned into a forgotten asset class. However, attention was
drawn towards it in order to explore its future potential in
terms of generating returns for investors. In the Indian
subcontinent, the yellow metal is of greater significance due to
social and cultural reasons. For centuries, gold has been
synonymous with wealth, status, security and protection. In
traditional Indian families, gold is considered auspicious and
regularly purchased on various occasions.
Hence, it is easier to paint a picture in the minds of investors of
the potential returns which could be achieved by allocating a
sizeable portion of their portfolio in gold. The following reasons
convinced me a year back to take a call on increasing asset
The writers is a Managing Partner, Vision Ahead Services Pvt Ltd n Email id : visionaheada@gmail.com n Website : www.vaspl.co.in
DSIJ.in
MF page - 07
allocation towards Gold.
n Deteriorating Indian economic fundamentals coupled
with overvalued rupee.
n Major central banks continuing with gold purchases.
n As an asset class, gold delivered negative return over the
past six years, thereby providing a comfortable entry
point.
n Probable escalation in the US-China trade war.
n Global economies moving from globalisation to
localisation, courtesy US’ President Donald Trump.
n Financial crisis of 2008 is still left unresolved. At best the
crisis has only been postponed thanks to the continuous
stimulus being provided, all of which is leading to
unsustainable debt levels globally.
n Bullion production growth is around 1% annually while
the Federal Reserve is creating money supply at the rate
of 30%, which is much higher than the peaks of 1970s
and 1980s.
n Increased geo-political uncertainty.
All of these factors lead one to believe that gold as an asset class
will shine in the Indian market in the near future. Owing to the
investments made in gold, many investors are now reaping
sizeable gains.
Current Status
The US Federal Reserve is printing money in huge quantities as a
solution to all its problems. Sooner or later the world will realise
the disastrous consequences of providing such unrestrained
stimulus. The dollar risks losing its value and at some time in the
future the central banks may revert to the gold standard. The
naysayers’ argument against the yellow metal is that it has no
yield. But yield represents counterparty risk. In a world where
global economy came to a grinding halt for more than a month
and central banks are out buying assets and pushing yields into
the negative territory, the question is do you really want
counterparty risk? Even when it comes to equities, too much
money is chasing too few stocks of corporate giants which in the
foreseeable future will be reporting negative to dismal earnings.
The other factor which needs to be pointed out in terms of gold
is the popular perception that the price movement in gold is
decided on the basis of retail buying, namely, jewellery. This can
be at best described as an absurd theory. Historically, gold prices
move in tandem with the expanding monetary base of currency
in the world. The price of the yellow metal is also influenced by
debt deflation probabilities. In conclusion, it can be said that the
Federal Reserve can print money but not gold. Gold is an
inherent store of value, and everything else is credit. For a
person who follows the asset allocation discipline and
understands the importance of a diversified portfolio, at least 20
per cent of the portfolio should be allocated to gold. Gold gave
11.8 per cent CAGR in last 50 years with max drawdown of 22
per cent will you not buy a big chunk of it! Going forward, this
asset class won’t be a disappointment for the early movers. DS
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 71
Interview
Investors May Look To
Invest In Debt Schemes
Taking stock of the current financial situation where the economy and the equity
markets seem to be moving in different directions, Prathit Bhobe, CEO and
Managing Director, Tata Asset Management, provides some guidelines for
the way ahead
After witnessing respectable inflows in
the month of April 2020, equity mutual
funds saw a sharp downfall in inflows
in the month of May 2020. How do you
read these numbers?
Prathit Bhobe The redemptions in equity funds in the
CEO and Managing Director month of May could have been driven by
Tata Asset Management a combination of factors, namely,
rebound in the markets and the present
economic situation that has increased the
need to raise cash, especially for the
smaller businesses and self-employed
segments. There is some scepticism seen
in this rally. With the power of hindsight,
it can be said that some of the fall in
March was exaggerated and hence the
rally in such pockets as select banks is
In addition to the somewhat justifiable. We are not out of
the woods yet, and the speed of the rally
financial and energy has surprised many. Investors have also
been circumspect and they may have
adopted a sell-on rally approach.
sectors, telecom,
Do you still see some pain points in
pharmaceuticals and debt funds? From the third quarter of
insurance sectors are 2018 we are witnessing events that are
denting confidence for debt MFs. Do
promising and will be net you think that some regulatory changes
are required?
gainers in the post-
The Indian economy has been facing
pandemic scenario. challenging times from 2018 onwards.
Profit as a percentage of GDP, which was
around 7-8 per cent in 2007-2008, has
fallen steadily and went below 2 per cent
72 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
MF Page - 08
in 2018. Some companies which are
leveraged found it difficult to service
their debts. Since mutual funds are part
of the financial system, some of the debt
funds got affected. Due to the corona
virus-related lockdown, we might see the
credit matrix of corporates, banks and
NBFCs deteriorating further. Investors
may look to invest in debt schemes which
run high-quality portfolio.
The economy and the stock market are
moving in the opposite direction now.
What explains this phenomenon?
The rally has been driven mostly by the
global risk-on environment in equities as
well as marginal improvement in the
recovery data points post the gradual
removal of lockdowns. Some of the
consumption-based companies have
reported 70-90 per cent of the pre-
pandemic demand in the month of June
even as there has been some moderation
in the percentage of customers that have
opted for loan moratoriums in the
second round, especially in retail loans.
However, the revival in business activity
– in some cases to almost the pre-
pandemic levels – could be a function of
pent-up demand or restocking too. So it
will not be until the September quarter
that the entire picture becomes clear. The
markets, however, have reacted positively
to incremental improvement.
Do you see any opportunity in
launching international funds,
DSIJ.in

especially looking at their
outperformance?
It is an interesting space and merits
consideration. However, one needs to
weigh the risk of a loose monetary policy
leading to asset bubbles. While the global
markets corrected in March 2020, the
rally has been equally sharp. One needs
to weigh the risk reward before
considering this space.
You have recently launched Tata
Multi-Asset Opportunities Fund. So,
what asset allocation do you feel is
right in the current market scenario?
And what are your thoughts on gold as
an asset class?
Tata Multi-Asset Opportunities Fund was
launched with the aim of capitalising on
the superior return available in
commodity arbitrage versus AAA yields
and can therefore generate superior
returns as against hybrid equity funds
which typically run with 65-70 per cent
equity allocation and the rest in debt. In
addition to the commodity arbitrage,
there is an option to take long exposure
in commodities, especially gold, that can
be a good hedge in the present uncertain
times.
We have seen a trend where a lot of
index funds and ETFs are getting
launched. However, you only have four
index funds and ETFs. So, what are your
The Indian economy has been facing
challenging times from 2018 onwards. Profit as
a percentage of GDP, which was around 7-8 per
cent in 2007-2008, has fallen steadily and
went below 2 per cent in 2018
DSIJ.in
thoughts on index investing? And how
do you look at index investing in the
future?
Warren Buffett had a good analogy for
indexing. Imagine that you are watching
a parade. If one person stands up to get a
better view, eventually the entire crowd
would be standing up to get a better view
and everyone would thus end up finding
it difficult to get a clear view. India is a
market where investors come seeking
alpha i.e. returns in excess of the index. If
that becomes difficult over a period of
time, the index would reign supreme.
We had launched a few index funds,
including the Nifty Private Bank
ETF which we believe is a very
differentiated offering. There will be
increased appeal for index funds and
ETF as we go ahead.
Despite being low on cash, how did
Tata Mid-Cap Growth Fund manage to
beat its benchmark and also its
category? What is the investment
philosophy adopted for the same?
Tata Mid-Cap Growth Fund has had a
consistent track record through its focus
on high-quality companies that have
compounding characteristics. The
portfolio has been characterised by low
churn and owns companies which have
benefits such as large market size, clean
balance-sheets and superior
management track record. We have
successfully combined the above needs
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL
MF Page - 09
to manage the mid-cap fund in a tough
period with the basic underlying
philosophy of growth at reasonable
price.
Most of your assets are dedicated
towards financials and the energy
sector. What led you to be bullish on
these sectors? Which sectors, according
to you, will play out in the next five
years?
In addition to the financial and energy
sectors, telecom, pharmaceuticals and
insurance sectors are promising and will
be net gainers in the post-pandemic
scenario. Given the global and domestic
momentum to reduce import
dependence from China, there is also a
significant opportunity for chemical
exporters and contract manufacturers of
electronic goods in the medium to long
term.
What would be your advice to our
readers at the current juncture?
Investors should maintain asset
allocation. Schemes like Tata Balanced
Advantage Fund are well-poised to
navigate this kind of market by
automatically adjusting asset allocation.
We are passing through a difficult phase
and it is unclear how and when the virus
situation would abate. In these
circumstances it may be a good idea to
double your SIPs. By doing so, there is a
high likelihood of some part of the
money getting invested at the bottom
over the next 12-18 months. While SIP
takes away the difficulty of trying to time
the market, SIP during downturns is
even better because it brings down the
average purchase price. DS
The views expressed in this
article are personal in nature and
do not in any way try to predict
the markets or time them.
73
MF QueryBoard
I have invested in the following mutual fund schemes through
SIP for a period of five years:
n Franklin India Equity Fund
n HDFC Hybrid Equity Fund
n ICICI Prudential Balanced Advantage Fund
n ICICI Prudential Value Discovery Fund
n SBI Magnum Global Fund
n UTI Equity Fund.
Request you to kindly advise which of these investments can
be retained for a further 5-10 years and which of these could
be redeemed now and switched.
 - NitinArora
F
irst of all, we need to understand the purpose of your in-
vestment. From your query the purpose of investment is
not clear. Therefore, we are assuming you have invested
strictly for wealth creation. Secondly, we are not aware of your
risk appetite. Understanding your risk appetite is crucial as each
category of funds and even different funds in each category have
varied risk profile. Hence, what kind of risk you can take be-
comes an important factor before investing. As this information
is not available, we are assuming that you are a moderate risk-
taker. So, all the suggestions would be based on this assumption.
Franklin India Equity Fund: Redeem
n The performance has deteriorated from the year 2016.
n Being a multi-cap fund, it can invest across market capi-
talisation. That said, it is mostly biased towards large-cap
with 73 per cent of its asset dedicated towards large-cap
stocks.
n In terms of risk-adjusted returns as measured by Sharpe
and Sortino ratios, it is way behind its peers as well as its
benchmark.
HDFC Hybrid Equity Fund: Redeem or Hold
n Redeem if conservative to moderate risk-taker but hold if
you are an aggressive risk-taker.
n Not able to contain downside risk.
n Well-diversified debt holding.
ICICI Prudential Balanced Advantage Fund: Hold
n Well-diversified debt portfolio.
n High allocation to financials and automobile sector which
might be placed better in five years’ timeframe.
n Better risk-adjusted returns as measured by Sharpe and
Sortino ratios.
ICICI Prudential Value Discovery Fund: Hold
n The worst hit value theme likely to perform in the near
future.
Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of
personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved.
74 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
MF page - 10
n Better sector allocation.
n Able to contain downside risk.
SBI Magnum Global Fund: Redeem or Hold
n Redeem if conservative to moderate risk-taker but hold if
you are an aggressive risk-taker.
n Better risk-adjusted returns as measured by Sharpe and
Sortino ratios.
n High expense ratio.
UTI Equity Fund: Hold
n 45 per cent allocation to mid-cap and small-cap.
n Better sector allocation.
n Better risk-adjusted returns as measured by Sharpe and
Sortino ratios.
Is this the right time to invest a lumpsum amount in small-cap
funds?
 - Sujoy Bhattacharya
T
hough small-cap funds tend to be more rewarding in the
long run, they can also destroy your wealth in the short
run. Hence, it is better not to invest in lumpsum in small-
cap funds as you do not know the direction of the market. Even if
you have a temptation to earn significant returns by investing via
lumpsum, keep that emotion under control. Although, many a
times in our studies we have found that lumpsum investment
does better than a systematic investment plan (SIP), in the case of
small-cap funds, investing in a staggered manner is recommend-
ed. If you have lumpsum to invest, then you can very well park it
in a liquid fund and start monthly systematic transfer plan (STP)
to small-cap funds.
Let us assume that you have Rs 6 lakhs to invest and you want to
invest now. Further, you have also shortlisted the small-cap funds;
still it would be better to divide that money and invest every
month for six months. That said, by adopting this method you
might win some and lose some, but it will make sure that you have
peaceful sleep at night. The problem with investing via lumpsum
is that if you face a 20 per cent decline immediately after you have
invested, you would end up being anxious and pull your money
out to never invest again. And this is a human tendency.
That is why choosing the best fund or the best sector or the best
stocks or whether the fund is a small-cap or a mid-cap fund
doesn’t define the major part of your investment success. Invest-
ment success mainly depends on how you act in the worst of
times and the best of times. Being humans, our behaviour would
be very natural. And we would have emotions of getting fearful or
getting greedy at different junctures. Hence, you will have to de-
vise a system to deal with your financial behaviour. Averaging
your investments methodically via SIP is the simplest way to do it. DS
DSIJ.in
Special Report
Downside Risk:
Selecting Funds,
Looking Beyond
Returns
Chasing returns may or may not give you better returns. However, if you can manage your
risk in investment, you are likely to get better risk-adjusted return
R
eturn remains the single most important criteria
used by investors to select funds. There are variants
of returns used by investors such as long term,
short term and returns in different market cycles to
pick the right mutual fund. Whatever the criteria
investors choose, returns occupy a dominant role in selecting
funds. Nonetheless, now investors are recognising the
importance of risk taken to get those returns. One could often
earn a higher return by taking a higher risk, but that should not
be taken as an indicator of superior performance. Therefore, it
becomes imperative that one compares the risk and return of a
fund to know exactly where it stands.
For many, containing and managing risk becomes more
important than the risk in itself. This will become evident
through this article. The Indian equity market represented by
the Sensex is still down by 14 .25 per cent year-till-date (June
23, 2020). Nevertheless, once it was down by around 39 per
cent from its recent peak in January 2020. It has recovered
36.36 per cent from its recent low of March 23, 2020. If there
are two investors, the first one exited the market after the first
20 per cent fall and entered only after the market had recovered
76 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020
MF Page -12
20 per cent. This investor would have been content with a loss
of only 10 per cent as compared to 14 per cent by the other
investor who remained invested throughout this period.
One of the reasons for such outperformance by the first
investor is because he restricted his loss to 20 per cent. Even if
he had forgone the first 20 per cent gain while the market was
recovering, he suffered lower loss compared to the second
investor. This is because protecting from losses in falling
markets leaves more capital to grow when the market rises
again. Hence, understanding and managing risk should take
precedence to returns. It has also been observed that risk
containment is highly correlated to the long-term performance
of the fund. Moreover, the pain of losing is psychologically
about twice as strong as the pleasure of gaining.
Quantifying Downward Risk
Risk is more comprehensive in nature compared to return and
the concept of risk is still evolving. There are different ways of
measuring the downside risk, which should be used by
investors to select the right kind of fund. In the following
paragraphs we will highlight some important ways of selecting
DSIJ.in

funds based on downward risk.
Standard Deviation
This is one of the most widely used metrics to measure the risk
of investment. It is calculated based on volatility in returns of
an asset. Lower the better. For example, if we have two funds
giving similar returns, we should go with funds with lower
standard deviation.
Fund Standard Deviation
Nippon India Banking Fund-Growth Plan-Growth Option 26.70%
Franklin India Smaller Companies Fund-Growth 20.00%
ICICI Prudential Mid-Cap Fund-Growth 20.70%
HDFC Top 100 Fund-Growth Option 21.90%
In the above case, Franklin India Smaller Companies Fund has
the lowest annual standard deviation. This means that in any
year the fluctuation in return can deviate 40 per cent from its
mean. Whereas, other funds like Nippon India Banking Fund
can deviate more than 50 per cent in a year from its mean.
Beta
Beta is the measurement of expected return between a fund
and the market. Normally we assume that the past is going to
represent the future and therefore we use historical return of a
fund and its benchmark to determine the beta. In simple terms,
beta gives you the expected movement in the fund with respect
to its benchmark. If beta is one, it moves in tandem with the
benchmark. Again, from a long-term perspective, lower beta is
considered to have generated better returns.
Fund Beta
Nippon India Banking Fund-Growth Plan-Growth Option 0.87
Franklin India Smaller Companies Fund-Growth 0.72
ICICI Prudential Mid-Cap Fund–Growth 0.87
HDFC Top 100 Fund-Growth Option 1.03
Downside Capture Ratio
Downside capture ratio quantifies what percentage of loss, on
an average, a fund makes in a falling market. The ‘market’, in
this case, is defined by the return of a selected benchmark that
should be as closely representing of the fund’s investment
universe as possible. In volatile markets, having a lower
downside capture ratio is more important than having a higher
upside capture ratio of the same magnitude. Mutual funds with
lower downside capture ratios tend to exhibit lower overall risk.
Investments with lower downside capture ratios can be more
attractive to investors due to natural loss aversion and its
behavioural consequences.
Fund Downside Capture Ratio
Nippon India Banking Fund-Growth Plan-Growth Option 0.90
Franklin India Smaller Companies Fund-Growth 0.68
ICICI Prudential Mid-Cap Fund–Growth 0.85
HDFC Top 100 Fund-Growth Option 1.06
DSIJ.in
MF page - 13
In the above example, we have taken the benchmark of the
respective funds to calculate the downside capture ratio. For
example, in case of Nippon India Banking Fund we have taken
Nifty Bank as its benchmark. Lower the downside capture ratio
the better it is. What this means is that if the market falls by 10
per cent, a fund with downside capture ratio of 0.68 will fall by
6.8 per cent.
Lower Partial Movement
Even though the above models are based on variance as risk
measure there has always been much discontent with this
proposal. The symmetrical nature of variance calculated in
the above (while there is an asymmetry in the returns generated
by funds) does not capture the common notion of risk, which is
the negative deviation from a reference point. Lower partial
moments (LPM) seem to be rectify this and measure risk
appropriately. Lower partial moments capture negative deviation
from a reference point. That reference point may be the mean or
some specified threshold an investor can chose depending upon
his opportunity cost. LPM is a set of moments that is used to
estimate downside risk. It explains risk perception i.e. the
probability of loss. LPM calculates the moments of asset returns
that fall below a certain minimum acceptable level or return.
Fund Lower Partial Moment
Nippon India Banking Fund-Growth Plan-Growth Option 0.060
Franklin India Smaller Companies Fund-Growth 0.029
ICICI Prudential Mid-Cap Fund-Growth 0.034
HDFC Top 100 Fund-Growth Option 0.039
Lower the LPM, lower is the risk. In the above table we have
taken gilt as minimum acceptable return or target return to
calculate the LPM. Franklin India Smaller Companies Fund has
the lowest LPM and this means that the expected shortfall from
target return is least in this fund as compared to other funds.
Drawdown
Drawdown concept has become one key type of risk that is now
receiving growing exposure by the financial media and analysts
because of its relevance to investors. While other technical
indicators such as standard deviation, beta, etc. serve as
analytical tools that can be used to mathematically quantify and
categorize certain characteristics of an investment, drawdown
risk is a much more ‘real’ measure of the potential impact that a
substantial loss may have on your fund. Drawdown represents
the maximum loss taken from a peak in portfolio value to a
subsequent low before a new peak in value is achieved.
Drawdown risk becomes more and more relevant to investors as
they approach retirement age. In most cases, the drawdown risk
increases with a fund’s general risk and volatility. But some funds
are able to recoup their losses much more quickly than others,
and this can be a key indicator of how well the fund is managed.
For example, in case of Franklin India Smaller Companies, the
fund had worst drawdown of 51.1 per cent, highest among the
JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 77
Special Report
MF Page -14

funds that we studied. However, it was able to recoup its losses Fund Expected Shortfall
early. Therefore, such funds are better than funds that take ages Nippon India Banking Fund-Growth Plan-Growth Option -3.00%
to recoup their losses. Franklin India Smaller Companies Fund-Growth -1.90%
Worst Average ICICI Prudential Mid-Cap Fund-Growth -2.10%
Fund
Drawdown Drawdown HDFC Top 100 Fund-Growth Option -2.40%
Nippon India Banking Fund-Growth
50.90% 4.40%
Plan-Growth Option
In the above table, Nippon India Banking Fund has the largest
Franklin India Smaller Companies Fund-Growth 51.10% 2.80%
expected shortfall and hence it is not a good fund compared to
ICICI Prudential Mid-Cap Fund–Growth 45.30% 3.70% other funds that have lower expected shortfall.
HDFC Top 100 Fund-Growth Option 41.00% 3.50%
Using Risk to Select Fund
Expected Shortfall If we analyse the risk statistics of the fund as discussed above,
Expected shortfall attempts to measure the magnitude of the we find that Franklin India Smaller Companies Fund has the
average loss exceeding the traditional mean VaR (value at risk). best risk statistics and looks less risky. To calculate those
Expected shortfall has proven to be a reasonable risk predictor matrices we have calculated the daily return of the funds since
for funds. It is defined as the average of all losses which are September 2010. Now, most of you might be wondering about
greater or equal than VaR, i.e. the average loss in the worst the performance of the funds in the same period. It is no
(1-p) per cent cases, where p is the confidence level. Said surprise that a fund with lower risk happens to be the best
differently, it gives the expected value of an investment in the performer.
worst (1-p) per cent of the cases. It will represent the average of Fund Annualised Return
outcomes in the worst 5 per cent of the cases if we select 95 per Nippon India Banking Fund-Growth Plan-Growth Option 5.90%
cent of confidence level.
Franklin India Smaller Companies Fund-Growth 10.30%
ICICI Prudential Mid-Cap Fund-Growth 8.10%
HDFC Top 100 Fund-Growth Option 6.80%

Therefore, chasing returns may or may not give you better

returns. However, if you can manage your risk in investment,
you are likely to get better risk-adjusted return. DS

78 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

MF Select
MF page - 15

DSP Small Cap Fund - Direct Plan (Growth)

Equity: Small Cap 22.85%
Scheme Category *Expected return is for the next 2 years

S&P BSE Small Cap TRI

`3891Cr 51.51 1.11%
Expense Ratio (%)
AUM (`Cr): May 31, 2020 NAV (`) 29 June., 2020 May 31, 2020 Benchmark

1% for redemption within 365 days Vinit Sambre and Resham Jain
Exit Load Fund Manager
TOP 10 Holdings
Reason for recommendation COMPANY NAME % TO NET ASSETS
The last six months have seen a lot of volatility in the equity IPCA Laboratories 6.87
market with a downward bias. The current fall has only Atul 5.94
aggravated the situation for some categories of the market.
JB Chemicals & Pharmaceuticals 3.40
Small-cap remains one such category. In fact, it has remained in
pain for over two and a half years now. The fall is already one of Manappuram Finance 3.28
the steepest and longest in the history of small-cap stocks. It is a APL Apollo Tubes 3.16
scenario well-reflected in funds dedicated to such stocks. Also, Nilkamal 2.82
the difference between the large-cap and small-cap returns is Ratnamani Metals & Tubes 2.57
one of the highest. Cera Sanitaryware 2.53
Tube Investments of India 2.42
Going by history, such divergences do not exist for too long and Dhanuka Agritech 2.39
after such a large underperformance, small-caps will tend to
outperform large-caps over the next 18-24 months. Hence, it capture ratio. It has a downside capture ratio of 0.74 and upside
makes sense to invest in small-cap dedicated funds to gain capture ratio of 0.82. This means that in a falling market it falls
maximum benefit out of this divergence. One such fund that is less whereas it gains better than others in a rising market. The
poised well to reap the benefit of such divergence is DSP fund is well-diversified with 70 stocks and its top 10 stocks
Small-Cap Fund. The fund has been a top performer in its account for 35.38 per cent of the portfolio. In terms of sectors,
category over the past ten years and exceeds category return by it is overweight on chemicals, healthcare, automobile and
50 per cent. textiles as compared to its category. The fund is suited for
investors with long-term investment horizon of 3-5 years and a
One of the reasons for such a sterling performance is the fund’s higher risk appetite.
Monthly Returns

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 79

MF Data Bank
MF Page - 16

With Ranking

T
he following table lists top-ranked equity funds based on
DSIJ's proprietary research methodology. We have
evaluated each funds underlying portfolio of stocks and
ranked them based on their expected portfolio returns. In a similar
way we calculated the risk of a fund based on its constituents. This
helps us to ‘rank’ and assign ‘risk’ to newly launched funds also.
We continuously evaluate equity funds based on the changed
ratings of their underlying stocks and the change in their prices.
Therefore, this list is quite dynamic and reflects the best possible
return potential of the funds for the next one year.
You can use this ranking to create your own mutual fund
portfolio. Depending on your risk profile, return expectations and
overall asset allocation, you can add the best performing fund
category to your portfolio. For clarity and to include more funds,
we have not included ‘Direct’ and ‘close-ended’ funds. You can visit
our website (www.dsij.in/mutual-fund) to check the entire list
along with equity-oriented hybrid and close-ended funds.
This ranking can also be used for reviewing different holdings
in your fund portfolio. Hence, a consistently laggard performer of a
category can be looked at as 'Switch' or 'Exit' advice.
Key To Databank
Category Rank: Category wise ranking as on June 29th 2020
Scheme Name: This is the name of the mutual fund scheme
NAV (`): Net asset value per unit of a mutual fund or an exchange-traded fund
(ETF) on a specific date
AUM (`Crore): This is the total market value of financial assets held by the mutual
fund scheme on a specific date.
Weightage: Large-Cap: This is a percentage of total assets held by a fund in the
large-cap stocks as defined by AMFI for the current period.
Mid-Cap: This is a percentage of total assets held by a fund in mid-cap stocks as
defined by AMFI for the current period.
Small-Cap: This is a percentage of total assets held by a fund in small-cap stocks as
defined by AMFI for the current period.
Total No of Companies: This is a total number of securities held by a mutual fund
scheme at the end of a specific month.
Expenses Ratio: This is the latest expense ratio disclosed by the mutual fund scheme
Return_1Years: This is the past one-year return given by the scheme.
Expected 1-yr return: This is based on our analysis of the portfolio of mutual fund
scheme and their expected growth in the next one year, assuming the underlying
remains the same.
Current Rank: Rank as on June 29th 2020
Previous Rank of June 12th 2020 is shown under bracket ()
Risk : Risk as on June 29th 2020

Expense Return 2Expected

Category Weightage (%) DSIJ Current
NAVNo of AUM
Scheme Name Companies Ratio (%) 1 Years yr return Rank Risk
Rank (`) (` Cr)
Large Cap Mid Cap Small Cap (%) (%) (29 June 20)
Equity - Large Cap
1 Nippon India Large Cap Fund 28.42 9,450 83.77 11.22 3.30 51 1.91 -20.51 36.15 28 (30) Moderately High
2 HDFC Top 100 Fund - Reg. Plan 410.64 14,468 96.28 2.91 0.00 51 1.87 -20.84 35.13 30 (33) Moderately High
3 DSP Top 100 Equity Fund 185.28 2,042 91.75 0.82 2.83 46 2.19 -12.86 31.09 51 (50) Moderately High
4 Franklin India Bluechip Fund - Growth 412.16 4,893 90.51 3.41 0.00 29 1.94 -11.86 30.75 57 (64) High
5 Mirae Asset Large Cap Fund 46.72 15,175 84.10 11.55 1.11 56 1.72 -10.60 29.59 64 (56) Moderately High
6 Aditya Birla Sun Life Frontline Equity Fund 198.41 16,027 85.14 8.58 0.70 59 1.86 -12.86 27.00 108 (117) Moderate
7 SBI Blue Chip Fund 35.70 19,632 84.42 9.30 0.48 56 1.90 -11.88 26.76 120 (81) Moderate
8 ICICI Prudential Bluechip Fund 38.37 21,766 91.53 3.57 0.00 67 1.73 -11.30 25.26 148 (144) Moderate
9 Kotak Bluechip Fund - Reg. Plan 219.96 1,406 82.43 12.95 1.97 55 2.24 -7.53 24.42 162 (138) Moderate
10 Union Largecap Fund 9.89 163 96.37 0.00 0.00 47 2.55 -10.34 24.32 164 (169) Moderate
11 Tata Large Cap Fund - Reg. Plan 192.19 633 94.75 2.05 0.00 29 2.54 -16.56 23.40 183 (174) Moderate
Equity - Large & Mid Cap
1 UTI Core Equity Fund 52.83 665 51.87 35.63 9.31 63 2.51 -15.24 32.47 41 (48) Moderate
2 Mirae Asset Emerging Bluechip Fund 52.12 8,808 58.87 34.63 4.19 60 1.87 -4.01 30.57 58 (58) Moderately High
3 ICICI Prudential Large & Mid Cap Fund 281.13 2,689 54.41 32.79 3.95 67 2.16 -15.14 28.80 72 (170) Moderate
4 DSP Equity Opportunities Fund 206.50 4,343 53.08 35.47 4.87 67 1.96 -6.72 28.51 74 (61) Moderate
5 HDFC Growth Opportunities Fund - Reg. Plan 98.51 1,117 59.06 34.28 1.34 52 2.44 -14.83 27.79 80 (75) Moderately High
6 Motilal Oswal Large and Midcap Fund 9.18 405 55.33 37.86 4.97 25 2.49 ** 27.16 94 (79) Moderately High
7 Franklin India Equity Advantage Fund 64.77 1,836 51.54 36.78 6.29 54 2.12 -19.10 26.25 132 (124) Moderately High
8 SBI Large & Midcap Fund 198.19 2,411 48.36 38.14 12.25 54 2.25 -11.44 25.96 141 (173) Moderate
9 Tata Large & Mid Cap Fund - Reg. Plan 192.96 1,397 54.80 35.50 1.72 36 2.54 -8.30 23.95 172 (191) Moderately Low
10 Nippon India Vision Fund 454.45 2,024 62.15 33.91 0.11 70 2.24 -16.06 23.41 182 (196) Moderate
Others - Index Funds/ETFs
1 Nippon India CPSE ETF 18.20 10,657 85.17 12.54 2.17 12 0.01 -36.47 62.35 1 (3) Moderate
2 ICICI Prudential Private Banks ETF 116.87 558 91.44 8.43 0.00 10 0.16 0.00 60.32 2 (1) High
3 Nippon India ETF PSU Bank BeES 16.50 39 57.41 31.02 11.10 13 0.49 -53.02 56.39 3 (2) High
4 Motilal Oswal Nifty Bank Index Fund 7.84 40 95.20 3.11 0.00 12 1.03 ** 56.23 4 (4) High
() There are some blanks in the previous ranking column. This is because these funds were not in our last ranking
** These funds are yet to complete one year

Indian Mutual Fund industry’s Average Assets Under Management (AAUM) stood at `24.28 Lakh Crore as on May 2020.

80 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

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Expense Return 2Expected

Category Weightage (%) DSIJ Current
NAV AUM No of
Scheme Name Companies Ratio (%) 1 Years yr return Rank Risk
Rank (`) (` Cr)
Large Cap Mid Cap Small Cap (%) (%) (29 June 20)
5 SBI ETF Nifty Bank 215.31 2,425 96.82 3.16 0.00 12 0.20 -31.59 56.06 5 (5) High
6 Nippon India ETF Bank BeES 217.22 4,150 96.79 3.16 0.00 13 0.19 -31.62 56.06 6 (6) High
7 ICICI Prudential Bank ETF 214.77 509 96.28 3.14 0.00 12 0.16 ** 55.82 7 (7) High
8 Aditya Birla Sun Life Banking ETF 214.59 56 96.14 3.14 0.00 12 0.16 ** 55.56 8 (8) High
9 ICICI Prudential Bharat 22 ETF 26.05 4,904 88.91 4.47 6.58 22 0.01 -33.67 55.52 9 (9) Moderate
10 DSP Equal Nifty 50 Fund 8.45 95 99.31 0.00 0.00 51 0.82 -16.33 42.55 15 (19) Moderately High
11 DSP Nifty 50 Index Fund 9.66 64 100.76 0.00 0.00 51 0.41 -12.19 28.15 76 (73) Moderately High
12 LIC MF Exchange Traded Fund - Nifty 50 109.02 440 99.88 0.00 0.00 51 0.10 -11.42 28.15 77 (74) Moderately High
13 ICICI Prudential Nifty ETF 109.67 1,260 99.92 0.00 0.00 50 0.05 -11.54 27.24 90 (84) Moderately High
14 UTI Nifty Exchange Traded Fund 1,101.73 14,870 100.15 0.00 0.00 50 0.06 -11.62 27.22 91 (88) Moderately High
15 ICICI Prudential Nifty Index Fund 100.70 851 99.78 0.00 0.00 50 0.45 -11.92 27.18 92 (89) Moderately High
16 UTI Nifty Index Fund 68.19 2,147 100.01 0.00 0.00 50 0.17 -11.82 27.18 93 (83) Moderately High
17 SBI ETF Nifty 50 107.10 61,212 99.93 0.00 0.00 50 0.07 -11.62 27.15 95 (90) Moderately High
18 HDFC Nifty 50 ETF 1,091.77 387 99.93 0.00 0.00 50 0.05 -11.64 27.15 96 (91) Moderately High
19 Kotak Nifty ETF 107.77 976 99.90 0.00 0.00 51 0.14 -11.72 27.14 97 (92) Moderately High
20 Nippon India ETF Nifty BeES 110.29 2,749 99.83 0.00 0.00 50 0.05 -11.55 27.13 98 (93) Moderately High
21 Motilal Oswal Nifty 50 Index Fund 8.53 38 99.22 0.00 0.00 50 0.50 ** 27.10 99 (96) Moderately High
22 Nippon India Index Fund - Nifty Plan 17.32 234 99.70 0.00 0.00 50 1.11 -12.59 27.09 100 (97) Moderately High
23 HDFC Index Nifty 50 Plan - Reg. Plan 94.69 1,492 99.69 0.00 0.00 50 0.30 -12.12 27.09 101 (98) Moderately High
24 IDBI Nifty Index Fund 19.12 181 99.54 0.00 0.00 50 1.03 -12.46 27.07 102 (99) Moderately High
25 Aditya Birla Sun Life Nifty ETF 113.43 152 99.47 0.00 0.00 50 0.05 -11.52 27.07 103 (100) Moderately High
Equity - Sectoral/Thematic
1 HDFC Infrastructure Fund - Reg. Plan 10.85 385 58.92 8.75 28.93 32 2.63 -37.41 47.83 10 (12) High
2 Nippon India Banking Fund 190.96 1,702 73.16 18.35 3.16 24 2.32 -35.52 47.22 11 (11) High
3 Aditya Birla Sun Life Banking And Fin. Services Fund 21.71 1,234 78.11 6.40 4.39 23 2.48 -27.80 44.29 12 (10) High
4 Baroda Banking and Financial Services Fund 18.32 34 73.02 7.67 1.47 19 2.55 -25.53 44.21 13 (17) Moderately High
5 Aditya Birla Sun Life PSU Equity Fund 8.61 189 66.37 16.30 13.96 25 2.46 ** 39.80 18 (14) Moderately High
6 UTI Banking & Financial Services Fund 68.80 403 84.06 9.75 1.93 20 2.53 -32.52 39.26 19 (13) High
7 IDFC Infrastructure Fund 11.68 464 38.88 28.79 31.44 41 2.56 -25.22 38.68 21 (21) Moderately High
8 Aditya Birla Sun Life Infrastructure Fund 25.69 326 34.42 24.27 38.49 43 2.60 -21.70 38.16 24 (15) Moderately High
9 SBI Banking & Financial Services Fund 14.96 1,213 81.47 11.30 4.43 19 2.41 -20.60 37.85 25 (22) High
10 SBI PSU Fund 8.56 144 64.93 10.32 17.05 21 2.66 -20.12 37.29 26 (23) Moderate
11 ICICI Prudential India Opportunities Fund 9.04 2,368 74.15 14.49 2.99 34 2.03 -16.14 36.30 27 (44) Moderate
12 LIC MF Infrastructure Fund 11.96 42 58.98 16.02 10.32 23 2.52 -19.78 34.93 31 (32) Moderately Low
13 Nippon India Power & Infra Fund 84.07 934 50.38 9.47 35.45 34 2.46 -17.72 34.82 32 (29) Moderate
14 ICICI Prudential Infrastructure Fund 40.61 744 54.68 7.79 28.79 50 2.56 -23.88 34.30 33 (27) Moderately High
15 Franklin Build India Fund 33.80 837 74.79 4.00 18.26 36 2.37 -22.32 33.65 35 (39) High
16 Tata Banking and Financial Services Fund 16.24 388 86.13 4.31 2.41 16 2.62 -18.76 32.96 36 (47) High
17 Kotak Infra. & Eco. Reform Fund - Reg. Plan 16.75 226 35.55 38.31 24.71 37 2.49 -19.67 32.87 39 (28) Moderately Low
18 DSP Natural Resources and New Energy Fund 26.45 272 69.16 8.26 0.39 19 2.50 -18.56 32.84 40 (35) Moderate
19 ICICI Prudential Banking and Fin. Services 47.66 2,264 66.12 23.74 6.09 28 2.27 -30.23 32.10 43 (31) High
20 IDBI Banking & Financial Services Fund 8.30 81 85.15 8.01 1.41 22 2.46 -23.29 31.84 44 (43) High
21 UTI Infrastructure Fund 44.23 931 58.51 25.01 14.66 39 2.39 -20.53 31.35 48 (46) Moderate
22 Sundaram Financial Services Opp. Fund 35.31 181 82.21 12.08 1.35 20 2.66 -20.51 30.76 56 (38) High
23 SBI Consumption Opportunities Fund 95.37 509 33.98 27.10 36.95 25 2.65 -13.69 29.98 60 (135) Moderate
24 LIC MF Banking & Financial Services Fund 8.71 42 77.86 5.15 3.15 16 2.57 -25.32 29.51 65 (72) Moderately High
25 DSP Tiger Fund 72.90 709 53.09 15.16 22.97 55 2.50 -23.51 29.48 66 (54) Moderate
26 Invesco India Infrastructure Fund 16.63 38 35.80 25.24 35.57 32 2.44 -4.75 29.37 67 (60) Moderate
27 Invesco India Financial Services Fund 47.35 166 86.63 2.03 6.81 18 2.79 -20.46 27.50 84 (87) High
28 Canara Robeco Infrastructure 39.47 85 55.00 24.06 17.45 30 2.60 -14.86 27.46 85 (94) Moderate
29 Tata Infrastructure Fund - Reg. Plan 45.94 377 53.75 27.57 15.97 28 2.55 -21.59 27.45 86 (86) Moderately Low
30 SBI Infrastructure Fund 13.77 380 61.53 10.33 23.12 24 2.59 -14.46 26.74 121 (115) Moderate
31 ICICI Prudential Exports and Services Fund 51.41 507 69.74 15.18 10.68 20 2.65 -10.15 26.72 123 (141) Moderate
32 L&T Infrastructure Fund - Reg. Plan 12.65 1,085 35.12 32.71 31.03 48 2.33 -20.89 25.69 142 (139) Moderate

The AUM of the Indian MF Industry has grown from `7.43 Lakh Crore as on May 31, 2010 to `24.55 Lakh Crore as on
May 31, 2020 more than threefold increase in a span of 10 years.

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 81

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Expense Return 2Expected

Category Weightage (%) DSIJ Current
NAV AUM No of
Scheme Name Companies Ratio (%) 1 Years yr return Rank Risk
Rank (`) (` Cr)
Large Cap Mid Cap Small Cap (%) (%) (29 June 20)
33 Mirae Asset Great Consumer Fund 32.59 866 59.95 26.51 10.36 35 2.28 -5.17 25.57 144 (130) Moderately Low
34 ICICI Prudential FMCG Fund - Growth 233.69 517 75.53 11.44 5.93 22 2.67 -2.14 25.52 145 (247) Low
Equity - Focused
1 HDFC Focused 30 Fund - Reg. Plan 64.02 404 83.49 4.21 8.24 28 2.64 -20.17 31.50 46 (41) Moderately High
2 Franklin India Focused Equity Fund 36.17 6,769 80.06 5.81 8.55 28 1.86 -15.01 31.09 52 (55) High
3 JM Core 11 Fund 7.62 44 94.92 0.00 0.00 11 2.42 -16.78 30.85 55 (51) Moderate
4 SBI Focused Equity Fund 138.36 8,012 55.73 19.56 7.09 24 1.99 -4.83 28.51 73 (80) Moderate
5 DSP Focus Fund 21.42 1,607 82.68 13.30 0.90 32 2.17 -9.82 27.71 81 (69) Moderately High
6 Nippon India Focused Equity Fund 40.59 3,226 61.87 19.22 7.90 30 2.18 -15.43 27.05 104 (133) Moderately High
7 Mirae Asset Focused Fund 10.51 2,597 67.81 25.51 2.96 31 1.99 -1.97 26.02 138 (66) Moderately High
8 Kotak Focused Equity Fund 9.48 1,454 69.32 25.65 1.27 30 2.11 ** 23.53 179 (171) Moderate
Equity - Mid Cap
1 Motilal Oswal Midcap 30 Fund 22.01 1,364 21.80 67.08 2.23 27 2.29 -11.83 29.72 62 (71) Moderate
2 Mirae Asset Midcap Fund 9.99 1,816 20.62 69.84 6.72 49 2.08 ** 26.62 124 (137) Moderate
3 Franklin India Prima Fund 839.85 5,775 20.73 68.14 3.05 57 1.90 -12.07 24.30 166 (194) Moderate
4 Kotak Emerging Equity Fund - Reg. Plan 35.82 5,871 11.59 69.73 15.27 70 1.93 -7.43 24.26 167 (142) Moderately Low
5 Aditya Birla Sun Life Midcap Fund 235.13 1,832 11.77 66.83 13.42 59 2.32 -16.70 21.93 226 (167) Moderate
6 Baroda Mid-Cap Fund 8.49 42 3.17 72.13 17.85 39 2.51 -5.03 20.97 248 (268) Moderate
7 SBI Magnum Midcap Fund 65.87 2,911 0.64 70.98 25.47 46 2.22 -8.59 20.92 250 (253) Moderately Low
8 ICICI Prudential MidCap Fund 79.55 1,469 18.65 65.33 12.02 69 2.52 -16.47 20.86 252 (304) Moderate
9 Tata Mid Cap Growth Fund - Reg. Plan 130.91 709 12.91 66.35 14.49 44 2.47 -6.30 20.77 255 (228) Moderately Low
10 Nippon India Growth Fund 1,007.81 5,592 22.65 65.09 9.73 90 2.03 -10.47 20.77 256 (306) Moderate
Equity - Small Cap
1 HDFC Small Cap Fund - Reg. Plan 32.37 6,594 7.55 17.29 69.03 73 2.00 -23.19 31.43 47 (45) Moderately High
2 Invesco India Smallcap Fund 9.93 490 0.00 28.34 67.38 42 2.51 -4.61 31.07 53 (52) Moderately High
3 Aditya Birla Sun Life Small Cap Fund 25.07 1,619 2.58 22.88 67.77 63 2.43 -24.70 27.57 83 (159) Moderately High
4 Kotak Small Cap Fund - Reg. Plan 64.83 1,242 3.67 25.21 68.17 56 2.22 -8.32 26.38 128 (160) Moderate
5 ICICI Prudential Smallcap Fund 21.51 971 8.46 15.66 66.68 62 2.30 -15.08 26.00 139 (119) Moderate
6 Nippon India Small Cap Fund 34.84 6,944 8.64 13.00 75.44 114 2.17 -11.75 25.10 150 (182) Moderately High
7 HSBC Small Cap Equity Fund 39.16 263 5.35 15.85 75.44 44 2.50 -18.09 24.32 165 (207) High
8 Franklin India Smaller Companies Fund 40.43 4,601 15.42 9.73 66.05 68 1.93 -23.33 23.20 192 (118) Moderate
9 DSP Small Cap Fund 49.41 3,891 0.00 19.36 71.75 69 2.02 -9.66 22.85 204 (163) Moderate
Hybrid - Aggressive
1 Nippon India Equity Hybrid Fund 41.64 4,714 65.49 2.06 4.31 45 2.00 -23.88 41.45 17 (18) Moderately High
2 ICICI Prudential Equity & Debt Fund 123.79 17,423 69.48 5.17 5.01 102 1.75 -9.62 35.73 29 (37) Moderate
3 HDFC Hybrid Equity Fund - Reg. Plan 49.02 15,747 59.22 11.13 6.87 76 1.85 -11.00 31.65 45 (49) High
4 UTI Hybrid Equity Fund 151.56 3,472 62.64 14.92 5.49 72 1.98 -10.23 29.65 63 (76) Moderate
5 Kotak Equity Hybrid Fund - Reg. Plan 23.77 1,132 55.18 19.22 7.54 60 2.23 -6.67 29.21 69 (70) Moderate
6 Tata Hybrid Equity Fund - Reg. Plan 195.36 3,089 60.91 7.73 2.50 30 1.98 -10.11 29.11 70 (68) Moderate
7 Indiabulls Equity Hybrid Fund 9.76 28 65.94 7.23 0.00 37 2.36 -9.43 26.84 117 (126) Moderate
8 Axis Equity Hybrid Fund 10.15 1,438 68.87 10.14 1.62 47 2.07 -2.59 25.33 147 (168) Moderate
9 DSP Equity & Bond Fund 153.08 5,406 55.12 18.89 4.23 70 1.89 -0.89 24.57 159 (153) Moderate
10 Franklin India Equity Hybrid Fund 111.56 1,319 60.20 12.44 0.96 40 2.22 -8.56 24.50 160 (181) Moderate
11 Mirae Asset Hybrid Equity Fund 14.35 3,274 61.79 9.45 0.63 63 1.91 -5.11 24.24 168 (213) Moderately Low
Equity - Multi Cap
1 HDFC Equity Fund - Reg. Plan 544.87 17,495 94.03 2.30 2.98 45 1.92 -22.39 39.19 20 (24) Moderately High
2 ICICI Prudential Multicap Fund 249.08 4,869 67.79 12.78 6.49 67 2.00 -16.81 38.45 22 (26) Moderate
3 Nippon India Multi Cap Fund 74.38 6,954 55.78 26.99 15.56 55 2.01 -25.68 32.91 37 (34) Moderately High
4 SBI Magnum Multi Cap Fund 43.55 7,825 72.02 15.37 7.13 45 2.01 -13.07 31.15 50 (62) Moderate
5 Parag Parikh Long Term Equity Fund 27.06 3,186 39.79 14.79 11.27 20 2.26 7.42 29.96 61 (65) Moderate
6 JM Multicap Fund 29.85 117 93.65 4.23 0.00 27 2.53 -5.36 27.81 79 (78) Moderate
7 Aditya Birla Sun Life Equity Fund 645.89 9,648 69.96 19.38 6.02 67 1.96 -11.51 25.57 143 (136) Moderately High
8 Mahindra Manulife Multi Cap Badhat Yojana 10.56 287 70.11 20.10 5.49 51 2.60 -4.77 23.76 174 () Moderate
9 Motilal Oswal Multicap 35 Fund 23.09 9,830 90.80 4.83 2.78 23 1.86 -12.55 23.72 175 (134) Moderate
10 DSP Equity Fund 38.30 3,110 62.73 23.59 4.59 52 2.08 -4.42 23.40 184 (187) Moderately Low

Mutual Fund SIP accounts stood at `3.20 Crore. And the total amount collected through SIP during
May 2020 was `8,123 Crore.

82 DALAL STREET INVESTMENT JOURNAL I JULY 6 - 19, 2020 DSIJ.in

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Expense Return 2Expected

Category Weightage (%) DSIJ Current
NAV AUM No of
Scheme Name Companies Ratio (%) 1 Years yr return Rank Risk
Rank (`) (` Cr)
Large Cap Mid Cap Small Cap (%) (%) (29 June 20)
11 LIC MF Multi Cap Fund 44.27 257 67.73 19.49 3.67 43 2.56 -6.83 23.01 198 (209) Moderately Low
12 Kotak Standard Multicap Fund - Reg. Plan 32.49 25,984 68.24 21.31 1.14 58 1.64 -10.72 22.60 209 (178) Moderately Low
13 Franklin India Equity Fund 513.87 8,265 79.02 12.40 5.09 53 1.83 -12.73 22.49 212 (208) High
Equity - Value/Contra
1 HDFC Capital Builder Value Fund - Reg. Plan 238.71 3,356 72.50 6.64 14.77 60 2.11 -18.24 38.19 23 (25) Moderately High
2 Templeton India Value Fund 196.99 358 76.17 12.41 7.13 39 2.51 -21.88 34.19 34 (36) High
3 JM Value Fund 28.56 93 83.10 12.40 2.90 25 2.54 -11.64 31.34 49 (40) Moderately High
4 SBI Contra Fund 92.50 1,062 52.85 6.52 24.25 46 2.33 -14.52 27.70 82 (125) Moderate
5 Quantum Long Term Eq. Value Fund - Reg. Plan 44.25 651 75.37 13.18 0.83 30 1.79 -20.53 25.98 140 (110) Moderately Low
6 Nippon India Value Fund 64.39 2,418 67.33 20.58 7.72 76 2.22 -14.12 24.69 157 (151) Moderately High
Equity - ELSS
1 HDFC TaxSaver - Reg. Plan 431.15 5,744 87.14 7.58 2.85 51 1.99 -19.34 32.89 38 (42) Moderately High
2 Mirae Asset Tax Saver Fund 16.88 3,141 71.57 21.95 4.99 57 1.89 -6.64 30.95 54 (53) Moderately High
3 Nippon India Tax Saver Fund 41.99 7,573 66.67 18.42 12.56 60 2.02 -24.76 30.50 59 (63) Moderately High
4 Motilal Oswal Long Term Equity Fund 15.65 1,386 67.19 29.10 3.26 27 2.25 -9.36 29.25 68 (57) Moderately High
5 ICICI Prudential Long Term Equity Fund 336.63 5,595 78.94 5.64 10.81 64 2.11 -13.01 28.21 75 (116) Moderately High
6 HSBC Tax Saver Equity Fund 32.32 119 80.29 14.78 3.42 37 2.49 -13.40 27.41 87 (67) Moderately High
7 Parag Parikh Tax Saver Fund 10.36 39 57.80 16.53 19.51 23 2.49 ** 26.47 125 (131) Moderately Low
8 PGIM India Long Term Equity Fund 13.06 286 77.48 9.15 8.20 44 2.50 -11.10 26.34 129 (148) Moderate
9 Quantum Tax Saving Fund - Reg. Plan 44.19 61 75.86 12.78 0.82 30 1.79 -19.92 26.07 134 (103) Moderately Low
10 Mahindra Manulife ELSS Kar Bachat Yojana 10.27 265 72.62 19.38 3.50 46 2.38 -11.39 26.02 137 () Moderate
11 DSP Tax Saver Fund 44.95 5,359 66.72 14.86 9.15 64 1.87 -8.18 25.10 149 (145) Moderate
12 HDFC Long Term Advantage Fund - Reg. Plan 311.70 992 76.85 5.20 13.39 30 2.30 -15.74 24.90 155 (172) Moderately High
13 Franklin India Taxshield 471.57 3,086 78.27 11.52 3.31 48 1.89 -18.06 24.57 158 (166) Moderate
14 Principal Tax Savings Fund 184.32 339 75.79 18.49 2.27 63 2.51 -11.96 24.42 161 (150) Moderate
15 Tata India Tax Savings Fund - Reg. Plan 16.31 1,719 82.73 10.88 3.89 32 2.13 -13.30 24.04 171 (157) Moderately High
Hybrid - Equity Savings
1 Nippon India Equity Savings Fund 9.91 456 62.98 1.53 2.09 43 2.56 -21.81 32.15 42 (59) Moderately Low
2 DSP Equity Savings Fund 12.37 433 54.21 17.59 3.24 84 2.39 -3.09 27.30 89 (123) Moderately Low
3 Kotak Equity Savings Fund - Reg. Plan 14.71 1,409 68.94 5.49 0.92 73 2.16 2.34 23.17 193 (195) Moderately Low
4 Franklin India Equity Savings Fund 9.86 152 58.89 8.57 0.63 38 2.11 -4.28 22.84 205 (218) Low
5 HDFC Equity Savings Fund - Reg. Plan 35.80 3,182 63.92 3.97 4.33 96 2.04 -4.41 21.40 237 (280) Low
6 ICICI Prudential Equity Savings Fund 13.91 1,157 69.82 6.40 3.57 65 1.35 -1.21 21.20 242 (323) Low
7 PGIM India Equity Savings Fund 31.46 36 58.58 7.27 2.70 31 2.49 -2.77 20.81 254 (316) Low
8 Principal Equity Savings Fund (Growth Accum) 36.54 36 57.74 13.61 0.29 45 2.41 0.63 20.51 262 (288) Low
Hybrid - Dynamic Asset Allocation/Balanced Advantage
1 HDFC Balanced Advantage Fund - Reg. Plan 173.53 33,772 81.53 5.77 7.36 89 1.62 -16.27 41.94 16 (20) Moderate
2 ICICI Prudential Balanced Advantage Fund 35.51 24,582 69.66 6.87 1.06 121 1.71 -1.61 27.99 78 (77) Moderate
3 Kotak Balanced Advantage Fund 10.87 3,584 61.33 14.17 2.86 90 2.01 2.32 23.20 191 (161) Moderate
4 Nippon India Balanced Advantage Fund 87.92 2,664 50.02 15.13 3.70 73 2.04 -5.02 23.11 195 (235) Moderate
5 Baroda Dynamic Equity Fund 11.22 535 68.56 16.04 3.60 52 2.43 5.25 21.79 231 (256) Moderate
6 Tata Balanced Advantage Fund 10.69 993 64.50 11.16 0.24 65 2.26 1.31 19.71 300 (284) Moderately Low

Solution Oriented
1 Nippon India Retir. Fund - Wealth Creation Scheme 10.38 1,263 82.04 4.43 8.79 53 2.32 -23.95 42.62 14 (16) Moderately High
2 ICICI Prudential Retire. Fund - Pure Equity 8.92 58 81.79 7.01 0.62 30 2.58 -16.09 27.35 88 (82) Moderate
3 ICICI Prudential Child Care - Gift Fund 127.83 559 51.98 8.80 5.00 31 2.54 -10.71 26.10 133 (177) Moderately Low
4 Axis Children's Gift Fund Compulsory Lock-in - Reg. Plan 13.18 409 61.68 12.98 4.75 42 2.47 -2.99 26.07 135 (156) Moderate
5 Axis Children's Gift Fund No Lock-in - Reg. Plan 13.18 409 61.68 12.98 4.75 42 2.45 -2.99 26.07 136 (155) Moderate
6 HDFC Childrens Gift Fund - Reg. Plan 115.10 2,776 58.69 13.45 9.20 72 2.19 -6.31 25.40 146 (132) Moderate
7 HDFC Retire. Savings Fund - Equity - Reg. Plan 15.38 767 51.02 12.25 27.52 65 2.55 -10.39 24.93 154 (129) Moderately High
Hybrid - Multi Asset Allocation
1 ICICI Prudential Multi Asset Fund 253.51 10,173 64.68 4.83 4.13 72 1.74 -7.29 29.10 71 (128) Low
Equity - Dividend Yield
1 Aditya Birla Sun Life Dividend Yield Fund 147.00 594 37.90 27.88 23.24 55 2.56 -6.41 22.90 202 (201) Moderately Low
2 Templeton India Equity Income Fund 41.68 702 41.69 22.20 13.51 40 2.38 -10.32 21.22 240 (223) Moderately Low

All the NAV figures are for date June 29, 2020. Trailing returns are also calculated for the same date. AUM, weightage of a stocks, number
of companies and expense ratio are for the period ending May 2020. All the raw data is provided by Dion Global Solutions Ltd.

DSIJ.in JULY 6 - 19, 2020 I DALAL STREET INVESTMENT JOURNAL 83