Fundsroom Live Project

METAL SECTOR

1 - Jindal Saw Ltd.

Jindal Saw Limited is an India-based manufacturer and supplier of iron
and steel pipes and pellets having manufacturing facilities in India, the
United States, Europe and United Arab Emirates. The Company's
segments include Iron & Steel, Waterways Logistics and Others. The
Iron & Steel segment consists of the manufacturing of iron and steel
pipes and pellets. The Waterways Logistics segment consists of inland
and ocean-going shipping business. The Others segment includes call
centre and information technology services. It manufactures submerged
arc welded (SAW) pipes and spiral pipes for the energy transportation
sector; carbon, alloy and seamless pipes and tubes for industrial
applications; and ductile iron (DI) pipes and fittings for water and
wastewater transportation. Its products have applications in oil and gas
exploration, transportation, power generation, supply of water for
drinking, drainage, irrigation purposes, and other industrial applications.

Price Performance -
Recent news about the company –

Jindal Saw Board Meeting Intimation for Approving The Unaudited

(Standalone And Consolidated) Financial Results Of The Company.

16 Jan,2023, 12:12PM IST -

JINDAL SAW LTD. has informed BSE that the meeting of the Board of
Directors of the Company is scheduled on 25/01/2023 ,inter alia, to
consider and approve the Unaudited (Standalone and Consolidated)
Financial Results of the Company for the quarter/9 months ended 31st
December, 2022. The trading window shall remain closed up to 48 hours
from the disclosure of above financial results for the quarter/9 months
ended 31st December, 2022 as intimated through our letter dated 29th
December, 2022.

Jindal Saw Compliances-Certificate under Reg. 74 (5) of SEBI (DP)

Regulations, 2018.

06 Jan,2023, 09:12PM IST –

please find attached certificate dated 2nd January, 2023 issued by
RCMC Share Registry Private Limited, the Registrars and Share
Transfer Agent of the Company (RTA) confirming the compliance with
the provisions of Regulation 74(5) of SEBI (Depositories and
Participants) Regulations, 2018, for the quarter ended 31st December,
2022.

02 Jan 2023, 06:00AM IST

Traders who missed the rally can look at buying the stock now for a
target above Rs 120 in 6-7 weeks.

Shareholding Pattern –

Financial Ratios –
Profit & Loss Statement –
Jindal Saw Stock Price Analysis and Research
Report. Is Jindal Saw an attractive stock to invest
in?

Stock investing requires careful analysis of financial data to find out the
company's true net worth. This is generally done by examining the
company's profit and loss account, balance sheet and cash flow
statement. This can be time-consuming and cumbersome. An easier
way to find out about a company's performance is to look at its financial
ratios, which can help to make sense of the overwhelming amount of
information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every
investor’s research process.

• PE ratio: - Price to Earnings' ratio, which indicates for every rupee

of earnings how much an investor is willing to pay for a share. A
general rule of thumb is that shares trading at a low P/E are
undervalued (it depends on other factors too). Jindal Saw has a
PE ratio of 17.0802237443589 which is high and
comparatively overvalued .
• Return on Assets (ROA): - Return on Assets measures how
effectively a company can earn a return on its investment in
assets. In other words, ROA shows how efficiently a company can
convert the money used to purchase assets into net income or
profits. Jindal Saw has ROA of 2.84600495524634 % which is
a bad sign for future performance. (higher values are always
desirable)
• Current ratio: - The current ratio measures a company's ability to
pay its short-term liabilities with its short-term assets. A higher
current ratio is desirable so that the company could be stable to
unexpected bumps in business and economy. Jindal Saw has a
Current ratio of 1.37674241331376 .
• Return on equity: - ROE measures the ability of a firm to
generate profits from its shareholders investments in the company.
In other words, the return on equity ratio shows how much profit
each rupee of common stockholders’ equity generates. Jindal Saw
has a ROE of 5.54443007877981 % .(higher is better)
 • Debt to equity ratio: - It is a good metric to check out the capital
structure along with its performance. Jindal Saw has a D/E ratio
of 0.5572 which means that the company has low proportion of
debt in its capital.
• Inventory turnover ratio: - Inventory Turnover ratio is an activity
ratio and is a tool to evaluate the liquidity of a company's inventory.
It measures how many times a company has sold and replaced its
inventory during a certain period of time. Jindal Saw has an
Inventory turnover ratio of 3.98950137959577 which shows that
the management is inefficient in relation to its Inventory and
working capital management.
• Sales growth: - Jindal Saw has reported revenue growth
of 27.6936502040267 % which is fair in relation to its growth and
performance.
• Operating Margin: - This will tell you about the operational
efficiency of the company. The operating margin of Jindal Saw for
the current financial year is 10.1036267032646 %.
• Dividend Yield: - It tells us how much dividend we will receive in
relation to the price of the stock. The current year dividend for
Jindal Saw is Rs 2 and the yield is 1.7182 %.

Analysis of P&L Statement –

Lower than Industry Revenue Growth –

Over the last 5 years, revenue has grown at a yearly rate of 12.73%, vs
industry average of 16.19%.
Decreasing Market Share –

Over the last 5 years, market share decreased from 22.01% to 19.49%.

Higher than Industry Net Income –

Over the last 5 years, net income has grown at a yearly rate of 29.34%,
vs industry average of 28.91%.

Analysis of Balance sheet –

Higher than Industry Debt to Equity Ratio –

Over the last 5 years, debt to equity ratio has been 95.46%, vs industry
average of 62.75%.

Lower than Industry Current Ratio –

Over the last 5 years, current ratio has been 108.84%, vs industry
average of 137.47%.

Peer comparison –

Final Analysis Of The Stock –

• Performance – Low

Hasn't done well - amongst the low performers.

• Valuation – Average

Can be considered moderately valued vs the market.

• Growth – Low
Lagging behind the market in financials growth.

• Profitability – High

Showing good signs of profitability & efficiency.

• Entry point – Good

The stock is underpriced and is not in the overbought zone.

Good time to consider the stock is not in the overbought zone.
2 – NMDC

Company Information –

National Mineral Development Corporation (NMDC), a Navratna Public

Sector Enterprise under the Ministry of Steel, Government of India is the
single largest producer of iron ore in India. It owns and operates highly
mechanized iron ore mines in Chhattisgarh and Karnataka and has its
registered office at Hyderabad, Telangana. NMDC is considered to be
one of the low-cost producers of iron ore in the world. It also operates
the only mechanized diamond mine in India at Panna, Madhya Pradesh.
NMDC is also setting up a 3 MT integrated steel plant at Nagarnar,
Chhattisgarh.
The Company is producing about 35 MTPA of iron ore from its major
iron producing units i.e. from Bailadila Sector in Chhattisgarh and
Donimalai in Bellary-Hospet region in Karnataka. NMDC envisages to
have an iron ore production capacity of 100 MT by FY30.

All of NMDC mining complexes have been rated 5 Star by Indian Bureau
of Mines, Ministry of Mines which is a testimony to its scientific and
sustainable mining practices.

NMDC has its own R&D Centre at Hyderabad which is recognized as a

Centre of Excellence by UNIDO. All the NMDC mines and R&D Centre
have ISO & EMS accreditations.

NMDC has a legacy of meeting as well as surpassing the commitments

and expectations of its stakeholders. Throughout its existence of about
64 years, NMDC has endeavored to positively uplift the lives
of communities around its areas of operations. The sentiment that
Social Responsibility is an integral part of the wealth creation process
and can enhance business competency, maximizes the value of wealth
creation to society and thereby contribution to Nation Building is
ingrained in the core philosophy of NMDC.

Price Performance -
Recent news about the company -

Chhattisgarh-Centre face off over iron ore transit permit

18 Jan 2023, 12:20AM IST

The National Mineral Development Corporation (NMDC), India's largest
iron ore producer, has been asked to pay ₹144 crore as arrears of
pending "royalty amount" for transporting iron ore from Dantewada in
south Bastar. Chhattisgarh levies a transit fee per tonne of iron ore
transported from its forest area.
High dividend yielding stocks for your portfolio; 4 stocks with more than
10% dividend yields

15 Jan 2023, 11:14AM IST

The importance of having high-dividend-yielding stocks in one’s portfolio

is realized by majority at the time of correction, the one which is being
witnessed. For the purpose of this report, we had kept the dividend yield
of at least 10 percent as a benchmark. Another condition was that the
company should have a track record of paying dividends in the last four
of the five years.
Steel prices climb to three-month high of Rs 56,900 per tonne in Jan:
SteelMint

10 Jan 2023, 06:31PM IST

According to SteelMint data, the price of per tonne hot rolled coil (HRC)
was Rs 56,000/tonne in November. The steel makers in December
slashed it to 53,950 and then revised prices upward in January to Rs
56,900 per tonne.

Not averse to funding, but would not run Bastar hospital, says steel
ministry.

02 Jan 2023, 11:36PM IST

The steel plant project, under National Mineral Development Corporation

(NMDC), was conceived in 2000. As the steel ministry initiated the
process of disinvestment, massive protests erupted in tribal-dominated
Bastar. The government offered jobs and promised a super speciality
hospital, sports complex and schools. While the tribals, whose land was
acquired, have been assured that they would retain their jobs at the steel
plant, there is no clarity on the super speciality hospital, for which 21.68
acres of land has been acquired.

NMDC Prices Of Iron Ore W.E.F. 01-01-2023 -

02 Jan,2023, 06:00PM IST

Sub: Prices of Iron Ore w.e.f. 01-01-2023 - RegRef: Regulation 30 of the
Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015; BSE Equity Scrip ID:
526371, NSE Security ID: NMDC; Kindly note that the prices of Iron Ore
w.e.f. 01-01-2023 has been fixed as under: i) Lump Ore (65.5%, 6-
40mm) @ Rs. 4,300/- per tonii) Fines (64%, -10mm) @ Rs. 3,410/- per
tonNote: The above FOR prices are excluding Royalty, DMF, NMET,
Cess, Forest Permit Fee and other taxes.

NMDC Announcement under Regulation 30 (LODR)-Monthly Business

Updates –

02 Jan,2023, 05:56PM IST

Details of Production & Sales of Iron Ore (Provisional) for and up to the
month of December 2022.

NMDC Announcement under Regulation 30 (LODR)-Change in

Directorate –

02 Jan,2023, 04:14PM IST

Change in Directors - Intimation of retirement of Shri Somnath Nandi,

Director (Technical), NMDC Limited.

Top stock picks of five brokerages for 2023 –

02 Jan 2023, 06:17AM IST

ICICI Bank to deliver strong compounding returns with valuations set to

re-rate higher as the bank has cemented its stalwart position with highly
efficient significant liability franchise, strong capital ratios, and steady
asset quality.

Latest Shareholding pattern and details for NMDC

Ltd. –
Financial Ratios –
Profit & Loss Statement –
NMDC Stock Price Analysis and Quick Research
Report. Is NMDC an attractive stock to invest in?

Stock investing requires careful analysis of financial data to find out the
company's true net worth. This is generally done by examining the
company's profit and loss account, balance sheet and cash flow
statement. This can be time-consuming and cumbersome. An easier
way to find out about a company's performance is to look at its financial
ratios, which can help to make sense of the overwhelming amount of
information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every
investor’s research process.

• PE ratio: - Price to Earnings' ratio, which indicates for every rupee

of earnings how much an investor is willing to pay for a share. A
general rule of thumb is that shares trading at a low P/E are
undervalued (it depends on other factors too). NMDC has a PE
ratio of 6.05 which is low and comparatively undervalued .
• Return on Assets (ROA): - Return on Assets measures how
effectively a company can earn a return on its investment in
assets. In other words, ROA shows how efficiently a company can
convert the money used to purchase assets into net income or
profits. NMDC has ROA of 20.29 % which is a good sign for future
performance. (higher values are always desirable)
• Current ratio: - The current ratio measures a company's ability to
pay its short-term liabilities with its short-term assets. A higher
 current ratio is desirable so that the company could be stable to
unexpected bumps in business and economy. NMDC has a
Current ratio of 1.60 .
• Return on equity: - ROE measures the ability of a firm to
generate profits from its shareholders investments in the company.
In other words, the return on equity ratio shows how much profit
each rupee of common stockholders’ equity generates. NMDC has
a ROE of 29.10 % .(higher is better)
• Debt to equity ratio: - It is a good metric to check out the capital
structure along with its performance. NMDC has a D/E ratio
of 0.10 which means that the company has lowproportion of debt
in its capital.
• Inventory turnover ratio: - Inventory Turnover ratio is an activity
ratio and is a tool to evaluate the liquidity of a company's inventory.
It measures how many times a company has sold and replaced its
inventory during a certain period of time. NMDC has an Inventory
turnover ratio of 16.77 which shows that the management
is efficient in relation to its Inventory and working capital
management.
• Sales growth: - NMDC has reported revenue growth of 68.39 %
which is fair in relation to its growth and performance.
• Operating Margin: - This will tell you about the operational
efficiency of the company. The operating margin of NMDC for the
current financial year is 48.64 %.
• Dividend Yield: - It tells us how much dividend we will receive in
relation to the price of the stock. The current year dividend for
NMDC is Rs 14.74 and the yield is 11.48 %.

Analysis of P&L Statement –

Matching Industry Revenue Growth –

A higher-than-industry revenue growth represents increased potential for

the company to increase their market share.
Over the last 5 years, revenue has grown at a yearly rate of 22.26%, vs
industry average of 22.26%.

Increasing Market Share –

Market share is the percentage of an industry's total sales going to a
particular company. It gives a general idea of the size of a company v/s
its competitors
Over the last 5 years, market share increased from 99.98% to 100%.

Matching Industry Net Income –

Net income is equal to net earnings (profit) less expenses. This number
is an important measure of how profitable the company is
Over the last 5 years, net income has grown at a yearly rate of 29.82%,
vs industry average of 29.82%.

Balance Sheet –
Matching Industry Debt to Equity Ratio –

The Debt to Equity Ratio is a company’s total liabilities divided by its

shareholder equity. It's the degree to which a company is financing its
operations through debt v/s wholly owned funds
Over the last 5 years, debt to equity ratio has been 4.43%, vs industry
average of 4.43%.

Matching Industry Current Ratio –

Current ratio measures a company’s ability to pay short-term obligations.

Higher is better
Over the last 5 years, current ratio has been 236.69%, vs industry avg of
236.69%.

Cash Flow –
Peer Comparison –

Final Analysis Of The Stock –

• Performance – Low

Hasn't performed well - amongst the low performers.

• Valuation – Low
Undervalued compared to the market average.

• Growth – Average
Financials growth has been moderate for a few years.

• Profitability – High
Showing good signs of profitability & efficiency.

• Entry point – Average

The stock is not in the overbought zone.
Good time to consider stock is not in the overbought zone.
 IT SECTOR

1 – Bodhtree Consulting.

Bodhtree is a CMMI level 5 company which enables enterprises to

transform their business using the power of cloud, analytics and
digital solutions. In addition, we streamline key business
processes by deploying enterprise applications, integrating
applications with their IT infrastructure and maintaining them, so
that business users can focus on strategic organizational
priorities.
While we work with Fortune 500 firms and SMEs across different
industries, we offer vertical specific solutions to address key
business challenges of Manufacturing,Healthcare, HiTech,
Educational and Government sectors besides others.
Bodhtree US entity is 100% subsidiary of Singapore entity
Bodhtree Solutions Pte Ltd. We have our offices in Virginia,
Texas, Singapore and India. Founded in 1998, we have over 800
employees.

Our Vision And Mission -

Vision
We want to be the most admired company for our Employees,
Partners and Customers.
Mission
Enabling technology that helps our customers build a global,
secure and scalable enterprise.
Core Values
Since inception, Bodhtree has been governed by its core values

• Collaboration We embrace diverse cultures, respect

everyone’s opinion, share responsibilities and strive for
mutual success
 • Integrity We stand by our word and build trusted and
enduring relationships
• Community We foster a spirit of co-existence and strive to
develop an interdependent and socially responsible
workplace
• Service Excellence We are customer focused and deliver
high quality services at all times. We demonstrate passion
and reliability in everything we do
We at Bodhtree strive to incorporate these guiding principles in
our work life and collaborate for success.

Price Performance –

Volume Analysis –
Recent news about the company –

Bodhtree Consulting Appointment of Company Secretary and

Compliance Officer

19 Jan,2023, 11:46AM IST

Disclosure under Reg 30 on appointment of Company Secretary

and Compliance Officer w.e.f 19.01.2023.

Bodhtree Consulting Compliances-Certificate under Reg. 74 (5) of

SEBI (DP) Regulations, 2018

13 Jan,2023, 12:06PM IST

Compliance Certificate under Reg.74 of SEBI (DP) Regulations for
the Quarter ended 31.12.2022.

Bodhtree Consulting Closure of Trading Window

30 Dec,2022, 09:06PM IST

Closure of Trading Window for the Quarter ended 31/12/2022

Bodhtree Consulting Related Party Transaction Report For The
Period Ended 30/09/2022
22 Nov,2022, 12:15AM IST

Related party transaction report under regulation 23 of SEBI

(LODR) Regulations, 2015.

Latest Shareholding pattern and details for Bodhtree

Consulting Ltd. –

Financial Ratios –
Profit & Loss Statement –
Bodhtree Consulting Stock Price Analysis. Is
Bodhtree Consulting an attractive stock to invest
in?

Stock investing requires careful analysis of financial data to find

out the company's true net worth. This is generally done by
examining the company's profit and loss account, balance sheet
and cash flow statement. This can be time-consuming and
cumbersome. An easier way to find out about a company's
performance is to look at its financial ratios, which can help to
make sense of the overwhelming amount of information that can
be found in a company's financial statements.

Here are the few indispensable tools that should be a part of

every investor’s research process.

• PE ratio: - Price to Earnings' ratio, which indicates for every

rupee of earnings how much an investor is willing to pay for
a share. A general rule of thumb is that shares trading at a
low P/E are undervalued (it depends on other factors too).
Bodhtree Consulting has a PE ratio of -15.28 which
is low and comparatively undervalued .
• Return on Assets (ROA): - Return on Assets measures how
effectively a company can earn a return on its investment in
assets. In other words, ROA shows how efficiently a
company can convert the money used to purchase assets
into net income or profits. Bodhtree Consulting has ROA
of 0.51 % which is a bad sign for future performance. (higher
values are always desirable)
• Current ratio: - The current ratio measures a company's
ability to pay its short-term liabilities with its short-term
assets. A higher current ratio is desirable so that the
company could be stable to unexpected bumps in business
and economy. Bodhtree Consulting has a Current ratio
of 1.55 .
• Return on equity: - ROE measures the ability of a firm to
generate profits from its shareholders investments in the
company. In other words, the return on equity ratio shows
how much profit each rupee of common stockholders’ equity
generates. Bodhtree Consulting has a ROE of 1.07 %
.(higher is better)
 • Debt to equity ratio: - It is a good metric to check out the
capital structure along with its performance. Bodhtree
Consulting has a D/E ratio of 0.26 which means that the
company has low proportion of debt in its capital.
• Sales growth: - Bodhtree Consulting has reported revenue
growth of -28.44 % which is poor in relation to its growth and
performance.
• Operating Margin: - This will tell you about the operational
efficiency of the company. The operating margin of Bodhtree
Consulting for the current financial year is 3.97 %.
• Dividend Yield: - It tells us how much dividend we will
receive in relation to the price of the stock. The current year
dividend for Bodhtree Consulting is Rs 0 and the yield is 0%.

Analysis Of P&L Statement –

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth.

A higher-than-industry revenue growth represents increased

potential for the company to increase their market share.

Over the last 5 years, revenue has grown at a yearly rate of

5.94%, vs industry average of 9.88%.

Constant Market Share.

Market share is the percentage of an industry's total sales going

to a particular company. It gives a general idea of the size of a
company v/s its competitors.

Over the last 5 years, market share stayed at 0.02%.

Lower than Industry Net Income.

Net income is equal to net earnings (profit) less expenses. This

number is an important measure of how profitable the company is.

Over the last 5 years, net income has grown at a yearly rate of -
24.87%, vs industry average of 9.01%.
Balance Sheet –
Industry refers to the sub-sector this company belongs to.

Higher than Industry Debt to Equity Ratio.

The Debt to Equity Ratio is a company’s total liabilities divided by

its shareholder equity. It's the degree to which a company is
financing its operations through debt v/s wholly owned funds.

Over the last 5 years, debt to equity ratio has been 30.1%, vs
industry average of 12.68%.

Lower than Industry Current Ratio.

Current ratio measures a company’s ability to pay short-term

obligations. Higher is better.

Over the last 5 years, current ratio has been 141.17%, vs industry
average of 244.91%.

Cash Flow –

Peer Comparison –
Final Analysis Of The Stock –

• Performance – Low

Hasn't performed well - amongst the low performers.

• Valuation – High
Seems to be overvalued vs the market average.

• Growth – Low
Lagging behind the market in financials growth.

• Profitability – Average
Average profitability - not good, not bad.

• Entry point – Average

The stock is not in the overbought zone.
Good time to consider stock is not in the overbought zone.
2 – WIPRO

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading

technology services and consulting company focused on building
innovative solutions that address clients’ most complex digital
transformation needs. We leverage our holistic portfolio of capabilities in
consulting, design, engineering, operations, and emerging technologies
to help clients realize their boldest ambitions and build future-ready,
sustainable businesses.
A company recognized globally for its comprehensive portfolio of
services, strong commitment to sustainability and good corporate
citizenship, we have over 250,000 dedicated employees serving clients
across 66 countries.
We deliver on the promise of helping our customers, colleagues, and
communities thrive in an ever-changing world.

Price Performance –
Latest News About The Company –

• Wipro has opened its newest Wipro-AWS Launch Pad Center in

Toronto, Canada. Joining a global network of Wipro-AWS Launch
Pad Centers, this new one will enable customers in Canada to
accelerate their move to the cloud and build industry leading
solutions leveraging Wipro and AWS expertise.
• Wipro has informed that the Board of Directors (Board) of Wipro,
have at their meeting held over January 12-13, 2023, considered and
approved the following: Financial results of the Company for the
quarter ended December 31 , 2022, as per Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations,
2015; Payment of interim dividend of Re 1 per equity share of par
value Rs 2 each to the Members of the Company as on January 25,
2023, being the Record Date.
• Wipro has reported results for third quarter ended December 31,
2022 (Q3FY23).
• The company has reported fall of 2.11% in its net profit at Rs 2413.10
crore for the quarter under review as compared to Rs 2465.00 crore
for the same quarter in the previous year. However, total income of
the company increased 12.67% at Rs 17736.30 crore for Q3FY23 as
compared to Rs 15741.30 crore for the corresponding quarter
previous year.
Latest Shareholding pattern and details for Wipro
Ltd. –

Financial Ratios -
Profit & Loss Statement –

Wipro Stock Price Analysis and Quick Research

Report. Is Wipro an attractive stock to invest in?
Stock investing requires careful analysis of financial data to find out the
company's true net worth. This is generally done by examining the
company's profit and loss account, balance sheet and cash flow
statement. This can be time-consuming and cumbersome. An easier
way to find out about a company's performance is to look at its financial
ratios, which can help to make sense of the overwhelming amount of
information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every
investor’s research process.

• PE ratio: - Price to Earnings' ratio, which indicates for every rupee

of earnings how much an investor is willing to pay for a share. A
general rule of thumb is that shares trading at a low P/E are
undervalued (it depends on other factors too). Wipro has a PE
ratio of 17.85 which is high and comparatively overvalued .
• Return on Assets (ROA): - Return on Assets measures how
effectively a company can earn a return on its investment in
assets. In other words, ROA shows how efficiently a company can
convert the money used to purchase assets into net income or
profits. Wipro has ROA of 16.62 % which is a good sign for future
performance. (higher values are always desirable)
• Current ratio: - The current ratio measures a company's ability to
pay its short-term liabilities with its short-term assets. A higher
current ratio is desirable so that the company could be stable to
unexpected bumps in business and economy. Wipro has a Current
ratio of 2.23 .
• Return on equity: - ROE measures the ability of a firm to
generate profits from its shareholders investments in the company.
In other words, the return on equity ratio shows how much profit
each rupee of common stockholders’ equity generates. Wipro has
a ROE of 24.58 % .(higher is better)
• Debt to equity ratio: - It is a good metric to check out the capital
structure along with its performance. Wipro has a D/E ratio
of 0.14 which means that the company has lowproportion of debt
in its capital.
• Sales growth: - Wipro has reported revenue growth of 18.44 %
which is fair in relation to its growth and performance.
• Operating Margin: - This will tell you about the operational
efficiency of the company. The operating margin of Wipro for the
current financial year is 20.66 %.
 • Dividend Yield: - It tells us how much dividend we will receive in
relation to the price of the stock. The current year dividend for
Wipro is Rs 6 and the yield is 1.49 %.

Analysis Of P&L Statement –

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth –

A higher-than-industry revenue growth represents increased potential for

the company to increase their market share.

Over the last 5 years, revenue has grown at a yearly rate of 6.98%, vs
industry average of 9.88%.

Decreasing Market Share –

Market share is the percentage of an industry's total sales going to a

particular company. It gives a general idea of the size of a company v/s
its competitors.

Over the last 5 years, market share decreased from 14.85% to 13.18%
Lower than Industry Net Income.

Net income is equal to net earnings (profit) less expenses. This number
is an important measure of how profitable the company is.

Over the last 5 years, net income has grown at a yearly rate of 7.56%,
vs industry average of 9.01%.

Balance Sheet –

Industry refers to the sub-sector this company belongs to.

Higher than Industry Debt to Equity Ratio –

The Debt to Equity Ratio is a company’s total liabilities divided by its
shareholder equity. It's the degree to which a company is financing its
operations through debt v/s wholly owned funds.

Over the last 5 years, debt to equity ratio has been 21.96%, vs industry
average of 12.68%.

Lower than Industry Current Ratio –

Current ratio measures a company’s ability to pay short-term obligations.

Higher is better.

Over the last 5 years, current ratio has been 236%, vs industry average
of 244.91%.

Cash Flow Statement –

Industry refers to the sub-sector this company belongs to.

Lower than Industry Free Cash Flow Growth

Free cash flow is the company’s excess cash after expenses and
investments. A steady and increasing number shows how effectively a
firm is generating cash.

Over the last 5 years, free cash flow growth has been 4.74%, vs industry
average of 12.84%.

Peer Comparison –
Final Analysis Of The Stock –

• Performance – Low

Hasn't performed well - amongst the low performers.

• Valuation – High
Seems to be overvalued vs the market average.

• Growth – Average
Financials growth has been moderate for a few years.

• Profitability – High
Showing good signs of profitability & efficiency.

• Entry point – Average

The stock is not in the overbought zone.
Good time to consider stock is not in the overbought zone.

• Fundamentals

Current price is more than the intrinsic value.

 POWER SETOR

1 - JSW Energy –
As one of India’s leading power companies, we’re a mix of the best
practices, be it structured planning, cutting-edge operations or social,
economic and environmental benefits. We currently generate 4,559 MW,
out of which 3158 MW is thermal power,1391 MW is hydropower and 10
MW solar power. We’re present across several Indian states and have
stakes in natural resource companies in South Africa. This diversity in
geographic locations, fuel sources and power off-take arrangements,
helps us de-risk our business.

IPO Open Dec 7, 2009

IPO Close Dec 9, 2009

IPO Price ₹95

Face Value ₹10

IPO Size ₹2,700.00 Cr

Listing At BSE, NSE

Lot Size 60

JSW Energy Price Return –

Recent News about JSW Energy

• Spike in prices

The steel pricing scenario has remained buoyant since Q4 FY20-

21, which has seen high not witnessed over a decade. In CY 2020,
average global steel price was US$582/tonne. However, as CY21
commenced, average price in the first five months jumped to US$
883/tonne.

• The China factors

China, largest steel making country, is limiting production,

restricted exports, encouraging imports of semi-finished and is
focusing on domestic consumption. This means that excessive
supply and dumping experienced earlier from China are expected
to stay under control

• Fiscal stimulus and out look

The proposed US$ 2 trillion infrastructure plan bodes well for

overall sentiment and multi-year growth. The outlook for CY 2021
is robust as government across the US, Europe, Japan, Korea,
Russia and China are providing strong support to bring domestic
economy engine roaring back to action. A significant part of this
support comes in form of increased infrastructure spend and
liquidity injection which directly help boost steel demand.
 Shareholding Pattern -

Financial Analysis of P&L Statement –

Income Statement

Over the last 5 years, revenue has grown at a yearly rate of 0.61%, vs
industry average of 8.04%
Over the last 5 years, market share decreased from 6.1% to 4.18%
Over the last 5 years, net income has grown at a yearly rate of 22.41%,
vs industry average of 27.32%

Balance Sheet -

Over the last 5 years, debt to equity ratio has been 78.03%, vs industry
average of 176.45%
Over the last 5 years, current ratio has been 93.21%, vs industry
average of 70.19%

Cash Flow -

Over the last 5 years, free cash flow growth has been -28.34%, vs
industry average of 29.39%



Technical Analysis –

Key Metrics

Title Sell Neutral Buy Action

Moving Averages 42% - 58% Buy

Momentum
50% 17% 33% Neutral
Oscillators

Trend Oscillators 33% - 67% Buy

Volatility - 100% - Neutral

PEER Comparison –
Broker Research –

Strengths

• The company has shown a good profit growth of 31.35% for the
Past 3 years.
• Company is virtually debt free.
• The Company has been maintaining an effective average
operating margins of 20.87% in the last 5 years.
• Company’s PEG ratio is 0.25.

Limitations

• The company has shown a poor revenue growth of -10.72% for the
Past 3 years.
• Company has a poor ROE of 3.81% over the past 3 years.
• The company is trading at a high PE of 51.86.

FINAL Verdict: - SELL

2 - Adani Transmission –

• Power transmission sector in India is well poised for growth with an

enabling policy framework in place, large capacity additions and
greater opportunities for private participation through tariff-based
competitive bidding.
• The Adani Group’s journey in the transmission sector started in
2006, well before Adani Transmission Limited (ATL) was formally
established. This was necessitated by need to evacuate power
from Adani’s Mundra thermal power plant. The dedicated lines,
commissioned for evacuation of power spanned more than 3800
kms connecting Mundra – Dehgam, Mundra – Mohindergarh and
Tirora – Warora.
• Another line spanning more than 1200 kms was commissioned in
2014 for evacuation of power from Adani’s Tiroda power plant.
Subsequently, in 2015, looking at the enormous business potential
in transmission sector, Adani Transmission Limited (ATL) was
carved out of Adani Enterprises Limited (AEL) for a focused pursuit
of opportunities in transmission sector. ATL has also tapped
various inorganic avenues for growth and acquired GMR’s
transmission assets in Rajasthan (2016), Reliance Infrastructure’s
transmission assets in Gujarat, Madhya Pradesh and Maharashtra
(2017) and KEC’s Bikaner Sikar transmission asset in Rajasthan
(2019)
• In 2018, ATL forayed into the distribution space with the
acquisition of Reliance Infrastructure’s Power Generation,
Transmission & Distribution Business in Mumbai. Today, Adani
Electricity Mumbai Limited (AEML) caters to electricity needs of
over 3 million customers in Mumbai suburbs and Mira-Bhayender
Municipal Corporation in Thane district with a distribution network
spanning over 400 sq. kms.
• Today, ATL is the largest private transmission company and
operates more than 14,100 kt kms of transmission lines and
around 20,400 MVA of power transformation capacity. ATL has
further set an ambitious target to set up 20,000 circuit km of
transmission lines by 2022 by leveraging both organic and
inorganic growth opportunities.
Adani Transmission Price Return –

Recent News About Adani Transmission –

• Adani Trans Standalone September 2022 Net Sales at Rs 175.15

crore, up 162.51% Y-o-Y
• Adani group looks to raise $10 billion to fund expansion .The
capital will be raised via multiple tranches and most likely through
the sale of stakes in Adani Group firms or promoter group-
associated entities.
• Electricity Amendment bill 2022: - The proposed legislation is
meant to plug the gaps left open and discovered post- the
Electricity Act of 2003.
• Demand spike, large capex set power stocks up for a long haul .
Renewable energy is one of the strongest growth vectors in power
and proliferation of electric vehicles in India also presents a huge
opportunity

Broker Research -
Share Holding Pattern: -
Holding Pattern –

• In last 6 months, promoter holding in the company has decreased

by 1.05%
• Pledged promoter holdings is insignificant
• In last 3 months, retail holding in the company has almost stayed
constant
 • In last 3 months, foreign institutional holding of the company has
almost stayed constant

Income Statement

• Over the last 5 years, revenue has grown at a yearly rate of

34.05%, vs industry average of 3.79%
• Over the last 5 years, net income has grown at a yearly rate of
23.67%, vs industry average of -17.27%
• Over the last 5 years, market share increased from 6.24% to
25.11%.
•

Balance Sheet –

Over the last 5 years, debt to equity ratio has been 243.63%, vs industry
average of 159.24%.

Over the last 5 years, current ratio has been 88.51%, vs industry
average of 69.51%.

Cash Flow Statement –

Peer Comparison –
Valuation –

Technical –

Scorecard –
Final Analysis –

Here are the few indispensable tools that should be a part of every
investor’s research process.

• PE ratio: - Price to Earnings' ratio, which indicates for every rupee

of earnings how much an investor is willing to pay for a share. A
general rule of thumb is that shares trading at a low P/E are
undervalued (it depends on other factors too). Adani Transmission
has a PE ratio of -34,258.95 which is low and comparatively
undervalued .
• Return on Assets (ROA): - Return on Assets measures how
effectively a company can earn a return on its investment in
assets. In other words, ROA shows how efficiently a company can
convert the money used to purchase assets into net income or
profits. Adani Transmission has ROA of -0.52 % which is a bad
sign for future performance. (higher values are always desirable)
• Current ratio: - The current ratio measures a company's ability to
pay its short-term liabilities with its short-term assets. A higher
current ratio is desirable so that the company could be stable to
unexpected bumps in business and economy. Adani Transmission
has a Current ratio of 0.97 .
• Return on equity: - ROE measures the ability of a firm to
generate profits from its shareholders investments in the company.
In other words, the return on equity ratio shows how much profit
each rupee of common stockholders’ equity generates. Adani
Transmission has a ROE of -6.15 % .(higher is better)
• Debt to equity ratio: - It is a good metric to check out the capital
structure along with its performance. Adani Transmission has a
D/E ratio of 13.81 which means that the company has high
proportion of debt in its capital.
• Inventory turnover ratio: - Inventory Turnover ratio is an activity
ratio and is a tool to evaluate the liquidity of a company's inventory.
It measures how many times a company has sold and replaced its
inventory during a certain period of time. Adani Transmission has
an Inventory turnover ratio of 0 which shows that the management
is inefficient in relation to its Inventory and working capital
management.
• Sales growth: - Adani Transmission has reported revenue growth
of -2.04 % which is poor in relation to its growth and performance.
 • Operating Margin: - This will tell you about the operational
efficiency of the company. The operating margin of Adani
Transmission for the current financial year is -0.30 %.
• Dividend Yield: - It tells us how much dividend we will receive in
relation to the price of the stock. The current year dividend for
Adani Transmission is Rs 0 and the yield is 0 %.

Final Verdict: - Buy