Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria,CFA

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Thematic (Sector/Industry)

<ul>
<li>Insider buying activity often signals that a positive shift in the business cycle may be approaching for certain businesses.</li>
<li>We highlight large and liquid companies that experienced significant insider buying during December 2024, as reported on the stock exchanges.</li>
<li>
<a href="https://www.smartkarma.com/entities/jindal-stainless-ltd" target="_blank" data-smartkarma-citation="entities:10966:1" rel="noopener">Jindal Stainless (JDSL IN)</a> , <a href="https://www.smartkarma.com/entities/poonawalla-fincorp" target="_blank" data-smartkarma-citation="entities:3449:1" rel="noopener">Poonawalla Fincorp (POONAWAL IN)</a> , <a href="https://www.smartkarma.com/entities/indegene-limited" target="_blank" data-smartkarma-citation="entities:36629:1" rel="noopener">Indegene (INDGN IN)</a> , <a href="https://www.smartkarma.com/entities/ncc-ltd" target="_blank" data-smartkarma-citation="entities:11975:1" rel="noopener">NCC Ltd (NJCC IN)</a> and <a href="https://www.smartkarma.com/entities/sheela-foam-ltd" target="_blank" data-smartkarma-citation="entities:28073:1" rel="noopener">Sheela Foam Ltd (SFL IN)</a> have seen good buying by insiders.</li>
</ul>


Insider buying activity often signals that a positive shift in the business cycle may be approaching for certain businesses.
We highlight large and liquid companies that experienced significant insider buying during December 2024, as reported on the stock exchanges.

Jindal Stainless (JDSL IN) , Poonawalla Fincorp (POONAWAL IN) , Indegene (INDGN IN) , NCC Ltd (NJCC IN) and Sheela Foam Ltd (SFL IN) have seen good buying by insiders.


External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Jindal Stainless (JDSL) reported weak but in-line standalone operating performance in Q2FY25. EBITDA/t at Rs17,833 was tad lower than PLe on product mix deterioration due to lower exports.</li><li>Export volumes declined 20% YoY amidst global headwinds and weak demand in Europe &amp; the US.</li><li>The management has lowered the volume guidance for FY25 to 10-15% from ~20% earlier citing global challenges.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Jindal Stainless (JDSL) reported weak but in-line standalone operating performance in Q2FY25. EBITDA/t at Rs17,833 was tad lower than PLe on product mix deterioration due to lower exports.Export volumes declined 20% YoY amidst global headwinds and weak demand in Europe &amp; the US.The management has lowered the volume guidance for FY25 to 10-15% from ~20% earlier citing global challenges.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Jindal Stainless - Near-Term Headwinds for Volume Growth

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Event-Driven

<ul>
<li>A special call auction shall be held on October 28, 2024 by BSE &amp; NSE to discover hidden value in Investment Holding Companies.</li>
<li>BSE and NSE came out with the list of 8-9 Companies that are eligible for this special session. </li>
<li>We calculated the upside left in these companies using the Current price with 30% discount: 3 Companies with more than 100% upside.</li>
</ul>


A special call auction shall be held on October 28, 2024 by BSE &amp; NSE to discover hidden value in Investment Holding Companies.
BSE and NSE came out with the list of 8-9 Companies that are eligible for this special session. 
We calculated the upside left in these companies using the Current price with 30% discount: 3 Companies with more than 100% upside.


Event Driven: Special Call Auction in Indian Holding Companies

<ul><li>Prabhudas Lilladher's research report onJindal Stainless We met the mgmt. of Jindal Stainless (JDSL) to get an update on current demand environment and future growth initiatives.</li><li>Domestic stainless steel (SS) demand remains strong and the mgmt. expects it to improve further from H2FY25 aided by the government’s continued focus on infrastructure including expenditure on transport sector such as railways, metros and station modernization.</li><li>Export demand remains muted, but is expected to improve as a result of the current destocking in developed economies, likely improvement in the US economy post elections, and the mgmt. exploring newer export markets. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prabhudas Lilladher's research report onJindal Stainless We met the mgmt. of Jindal Stainless (JDSL) to get an update on current demand environment and future growth initiatives.Domestic stainless steel (SS) demand remains strong and the mgmt. expects it to improve further from H2FY25 aided by the government’s continued focus on infrastructure including expenditure on transport sector such as railways, metros and station modernization.Export demand remains muted, but is expected to improve as a result of the current destocking in developed economies, likely improvement in the US economy post elections, and the mgmt. exploring newer export markets. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Jindal Stainless - On a Right Track to Spur Growth

Global Healthcare Analyst

Tina Banerjee

<ul>
<li>Healthy sales volume (up by 9% YoY to 512,205 MT) drive revenues in Q3FY24</li>
<li>EBITDA per ton remain subdued, but expected to steadily gather strength</li>
<li>Acquisitions coupled with ramp up of existing capacity will help take the growth story forward</li>
</ul>


Healthy sales volume (up by 9% YoY to 512,205 MT) drive revenues in Q3FY24
EBITDA per ton remain subdued, but expected to steadily gather strength
Acquisitions coupled with ramp up of existing capacity will help take the growth story forward


Jindal Stainless (JDSL IN): Steady Volume Growth- A Positive For The Long Term

India

Jindal Stainless Ltd. is an integrated steel producer which manufactures a variety of steel products.  The Company's products include stainless steel plates, welded steel tubes, cold rolled strips and seamless tubes. Jindal also manufactures industrial machinery.

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Jindal Stainless (JDSL IN)

India: Monthly Insider Buying Update

Insider buying signals positive business cycle shift, highlighting companies like Jindal Stainless, Poonawalla Fincorp, Indegene, NCC Ltd, &...

Sreemant Dudhoria,CFA

Jindal Stainless - Near-Term Headwinds for Volume Growth

Jindal Stainless (JDSL) reported weak but in-line standalone operating performance in Q2FY25. EBITDA/t at Rs17,833 was tad lower than PLe on...

Prabhudas Lilladhar

Event Driven: Special Call Auction in Indian Holding Companies

BSE & NSE to hold special call auction on Oct 28, 2024 for Investment Holding Companies, 8-9 eligible, 3 with over 100% upside potential.

Nimish Maheshwari

Jindal Stainless - On a Right Track to Spur Growth

Prabhudas Lilladher's research report onJindal Stainless We met the mgmt. of Jindal Stainless (JDSL) to get an update on current demand environment...

Prabhudas Lilladhar