External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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

<div><div><div><div><ul><li>Earnings beat our estimates -  Consolidated EBITDA exceeded our estimate, with a strong operating performance across key geographies, primarily driven by India, the US, Africa, and the UK. Volume growth was steady.</li></ul></div></div></div></div><div><ul><li>Favorable Soda Ash demand-supply scenario drives performance - <span style="font-size: var(--content-font-size);">TTCH reported revenue of INR34.8b (est. INR32.9) in 4QFY22, up 32% YoY.</span></li></ul></div><div><ul><li>Highlights from the management commentary - <span style="font-size: var(--content-font-size);">Market dynamics in Soda Ash: Demand for Soda Ash is expected to stay robust over the next 18 months.</span></li></ul></div><p><em>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.</em></p>

Earnings beat our estimates -  Consolidated EBITDA exceeded our estimate, with a strong operating performance across key geographies, primarily driven by India, the US, Africa, and the UK. Volume growth was steady.Favorable Soda Ash demand-supply scenario drives performance - TTCH reported revenue of INR34.8b (est. INR32.9) in 4QFY22, up 32% YoY.Highlights from the management commentary - Market dynamics in Soda Ash: Demand for Soda Ash is expected to stay robust over the next 18 months.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.

Tata Chemicals - Robust Operating Performance Across Key Geographies

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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.

<ul>
<li>Commencing operations in 1944, Tata Chemicals has come a long way to become one of the top five players in the global soda ash market.</li>
<li>Under basic chemical, TCL offers soda ash, sodium bicarbonate, cement, salt, marine chemicals and crushed refined soda.</li>
<li>Basic chemical forms 75% of overall revenue while the rest comes from speciality products</li>
</ul>
<div class="content-highlight"><em>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.</em></div>


Commencing operations in 1944, Tata Chemicals has come a long way to become one of the top five players in the global soda ash market.
Under basic chemical, TCL offers soda ash, sodium bicarbonate, cement, salt, marine chemicals and crushed refined soda.
Basic chemical forms 75% of overall revenue while the rest comes from speciality products

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.

Tata Chemicals: Better Soda Ash Prices to Support Growth Ahead

India

Tata Chemicals Ltd. manufactures salt and salt by-products, alkalies and heavy chemicals, pharmaceuticals, fertilizers and agro-chemicals. The Company's salt products include common salt, pure salt and gypsum salt.  Heavy chemicals include soda ash, caustic soda and hydrochloric acid. Tata Chemicals' pharmaceuticals include bromides of ammonium, sodium, potassium and ethyl.

Tata Chemicals (TTCH IN)

Tata Chemicals - Robust Operating Performance Across Key Geographies

Consolidated EBITDA exceeded our estimate, with a strong operating performance across key geographies, primarily driven by India, the US, Africa,...

Motilal Oswal

Tata Chemicals: Better Soda Ash Prices to Support Growth Ahead

Commencing operations in 1944, Tata Chemicals has come a long way to become one of the top five players in the global soda ash market.

ICICI Securities Limited