Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Equity Bottom-Up

<ul>
<li>India's Nifty50 index reached an all-time high yesterday. However, many Indian stocks are near their 52-week lows. Many among them have strong forecast earnings growth, good balance sheets, attractive valuations.</li>
<li>We screen 17 stocks with double digit forecast EPS growth, PEG &lt; 1.4x, net debt to equity less than 50%. They are spread across construction, chemicals, healthcare, industrials and technology.</li>
<li>The largest five are <a href="https://www.smartkarma.com/entities/deepak-nitrite-ltd" target="_blank" data-smartkarma-citation="entities:5845" rel="noopener">Deepak Nitrite (DN IN)</a>, <a href="https://www.smartkarma.com/entities/cohance-lifesciences-limited" target="_blank" data-smartkarma-citation="entities:33463" rel="noopener">Cohance Lifesciences (COHANCE IN)</a>, <a href="https://www.smartkarma.com/entities/basf-india-ltd" target="_blank" data-smartkarma-citation="entities:19253" rel="noopener">BASF India Ltd (BASF IN)</a>, <a href="https://www.smartkarma.com/entities/crompton-greaves-consumer-electricals" target="_blank" data-smartkarma-citation="entities:24046" rel="noopener">Crompton Greaves Consumer Electricals (CROMPTON IN)</a>, <a href="https://www.smartkarma.com/entities/clean-science-and-technology" target="_blank" data-smartkarma-citation="entities:33648" rel="noopener">Clean Science and Technology (CLEAN IN)</a>.</li>
</ul>


India's Nifty50 index reached an all-time high yesterday. However, many Indian stocks are near their 52-week lows. Many among them have strong forecast earnings growth, good balance sheets, attractive valuations.
We screen 17 stocks with double digit forecast EPS growth, PEG &lt; 1.4x, net debt to equity less than 50%. They are spread across construction, chemicals, healthcare, industrials and technology.
The largest five are Deepak Nitrite (DN IN), Cohance Lifesciences (COHANCE IN), BASF India Ltd (BASF IN), Crompton Greaves Consumer Electricals (CROMPTON IN), Clean Science and Technology (CLEAN IN).


Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

Mid-Small Cap specialist | Equities | India, Nurture Capital Advisory

Nurture Capital Advisory

Mid-Small Cap specialist | Equities | India

Buyside Outfit and Advisory Services

We are a Buyside outfit and also offer Advisory services. Most notes published here are written for our consumption. These notes offer readers a perspective of our approach to scanning sectors and distilling ideas to constructing a bottom-up Equity portfolio. Combining top down and bottom-up approaches to identifying themes/ value stocks at inflexion Sector agnostic | Value oriented - Inflexion approach | Bottom-Up Ideas Biased towards Sustainability, ESG Team is Wall Street Journal, ET Now - Star mine Lipper, Asia money rated.

<ul>
<li>Robust medium-term earnings growth, softness in commodities to ease margin pressure.</li>
<li>Beneficiary of new energy capex, likely blending of Compressed Biogas with CNG furthers capex outlook.</li>
<li>Stock has corrected 45% from peak, valuations turn more reasonable.</li>
</ul>


Robust medium-term earnings growth, softness in commodities to ease margin pressure.
Beneficiary of new energy capex, likely blending of Compressed Biogas with CNG furthers capex outlook.
Stock has corrected 45% from peak, valuations turn more reasonable.


Praj Industries: Today’s Unimaginable Is Tomorrows Conventional Wisdom

Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Forensic Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Forensic Accounting

<p><a href="https://www.smartkarma.com/entities/praj-industries-ltd" target="_blank" data-smartkarma-citation="entities:13831:1" rel="noopener">Praj Industries (PRJ IN)</a> operational performance remains subdued, with the company reporting a growth in its revenue only two out of the past five years.  </p><p>Given the large scale of operations and no debt on its balance sheet size, there is no major pressure on the survival. However, there appears to be inefficient asset allocation coupled with questionable earning and asset quality. Further, the profitability margins have been inconsistent over time and depict a distorted picture. </p>

Praj Industries (PRJ IN) operational performance remains subdued, with the company reporting a growth in its revenue only two out of the past five years.  Given the large scale of operations and no debt on its balance sheet size, there is no major pressure on the survival. However, there appears to be inefficient asset allocation coupled with questionable earning and asset quality. Further, the profitability margins have been inconsistent over time and depict a distorted picture. 

India

PRAJ Industries is a global leader in industrial biotechnology and engineering solutions, specializing in bioenergy, water treatment, and critical process equipment. The company provides technologies for ethanol production, wastewater treatment systems, and high-purity engineering solutions for various sectors including food, pharmaceuticals, and petrochemicals. Headquartered in Pune, Maharashtra, India, the company was founded in 1983.

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PRAJ Industries (PRJ IN)

Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...

Manishi Raychaudhuri

Praj Industries: Today’s Unimaginable Is Tomorrows Conventional Wisdom

Praj is beneficiary of new energy capex, blending of CBG with CNG furthers scope, with stock correcting 45% from peak, valuations are turning...

Nurture Capital Advisory

Forensic Analysis: Praj Industries

There is no major pressure on the survival. However, there appears to be inefficient asset allocation coupled with questionable earning and asset...

Nitin Mangal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

​India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...

Manishi Raychaudhuri

Praj Industries: Today’s Unimaginable Is Tomorrows Conventional Wisdom

Praj is beneficiary of new energy capex, blending of CBG with CNG furthers scope, with stock correcting 45% from peak, valuations are turning...

Nurture Capital Advisory

Forensic Analysis: Praj Industries

There is no major pressure on the survival. However, there appears to be inefficient asset allocation coupled with questionable earning and asset...

Nitin Mangal

India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...