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

<ul><li>Tata Communications (TCOM)’s 3Q results were a mixed bag as ~10% YoY revenue growth in the Digital portfolio was offset by continued weakness in core connectivity (-1% QoQ).</li><li>TCOM’s adjusted EBITDA margin improved ~150bp QoQ to 20% on account of the deconsolidation of lower-margin TCPSL and NetFoundry business and slightly lower losses in the Digital portfolio.</li><li>TCOM’s revenue and EBITDA were boosted by INR285m prior period revenue recognition.</li></ul><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>

Tata Communications (TCOM)’s 3Q results were a mixed bag as ~10% YoY revenue growth in the Digital portfolio was offset by continued weakness in core connectivity (-1% QoQ).TCOM’s adjusted EBITDA margin improved ~150bp QoQ to 20% on account of the deconsolidation of lower-margin TCPSL and NetFoundry business and slightly lower losses in the Digital portfolio.TCOM’s revenue and EBITDA were boosted by INR285m prior period revenue recognition.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 Communications - A Mixed Bag; Digital Recovers, Core Connectivity Weak

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Dorf-Ketal Chemicals Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dorf-ketal-chemicals-ltd" target="_blank" data-smartkarma-citation="entities:44325:1" rel="noopener">Dorf-Ketal Chemicals Ltd (998552Z IN)</a> (DKCI) is looking to raise about US$579m in its upcoming India IPO.</li>
<li>DKCI is an R&amp;D and innovation-focused global manufacturer and supplier of specialty chemicals, catering to hydrocarbons and industrial supply chains, and customers with diverse applications across various industrial segments.</li>
<li>In this note, we talk about the not-so-positive aspects of the deal.</li>
</ul>



Dorf-Ketal Chemicals Ltd (998552Z IN) (DKCI) is looking to raise about US$579m in its upcoming India IPO.
DKCI is an R&amp;D and innovation-focused global manufacturer and supplier of specialty chemicals, catering to hydrocarbons and industrial supply chains, and customers with diverse applications across various industrial segments.
In this note, we talk about the not-so-positive aspects of the deal.


Dorf-Ketal Chemicals India Pre-IPO - The Negatives - Elevated Borrowings and Tariff Uncertainty

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dorf-ketal-chemicals-ltd" target="_blank" data-smartkarma-citation="entities:44325:1" rel="noopener">Dorf-Ketal Chemicals Ltd (998552Z IN)</a> (DKCI) is looking to raise about US$579m in its upcoming India IPO.</li>
<li>DKCI is an R&amp;D and innovation-focused global manufacturer and supplier of specialty chemicals, catering to hydrocarbons and industrial supply chains, and customers with diverse applications across various industrial segments.</li>
<li>In this note, we talk about the positive aspects of the deal.</li>
</ul>



Dorf-Ketal Chemicals Ltd (998552Z IN) (DKCI) is looking to raise about US$579m in its upcoming India IPO.
DKCI is an R&amp;D and innovation-focused global manufacturer and supplier of specialty chemicals, catering to hydrocarbons and industrial supply chains, and customers with diverse applications across various industrial segments.
In this note, we talk about the positive aspects of the deal.


Dorf-Ketal Chemicals India Pre-IPO -The Positives - Strategic Blend of Organic & Inorganic Expansion

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

Thematic (Sector/Industry)

<ul>
<li>India's data center market currently holds an approximately 3% share globally, despite generating 20% of the world's data which signifies the scope of opportunity.</li>
<li>ICRA projects India's data center operational capacity to more than 2x with an estimated investment of Rs. 50k-55k Crs fueled by the increasing demand for colocation services.</li>
<li>Management of key players like <a href="https://www.smartkarma.com/entities/tata-communications-ltd" target="_blank" data-smartkarma-citation="entities:20892:1" rel="noopener">Tata Communications (TCOM IN)</a> and <a href="https://www.smartkarma.com/entities/anant-raj-ltd" target="_blank" data-smartkarma-citation="entities:15878:1" rel="noopener">Anant Raj Ltd (ARCP IN)</a> highlight the immense growth potential of the Indian data center market.</li>
</ul>


India's data center market currently holds an approximately 3% share globally, despite generating 20% of the world's data which signifies the scope of opportunity.
ICRA projects India's data center operational capacity to more than 2x with an estimated investment of Rs. 50k-55k Crs fueled by the increasing demand for colocation services.
Management of key players like Tata Communications (TCOM IN) and Anant Raj Ltd (ARCP IN) highlight the immense growth potential of the Indian data center market.


Data Center: How Indian Companies Are Capitalizing on the Digital Boom?

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>IndiaAI Mission is set to launch a GPU access portal for startups and researchers, with procurement bids from major firms like Jio Platforms and <a href="https://www.smartkarma.com/entities/tata-communications-ltd" target="_blank" data-smartkarma-citation="entities:20892:1" rel="noopener">Tata Communications (TCOM IN) </a>
</li>
<li>
<a href="https://www.smartkarma.com/entities/jefferies-financial-group-inc" target="_blank" data-smartkarma-citation="entities:17648:1" rel="noopener">Jefferies Financial Group (JEF US)</a>  expects ITC Hotels to experience $190 million in fund outflows due to ETF selling and BAT's planned stake sale. </li>
<li>
<a href="https://www.smartkarma.com/entities/larsen-toubro-ltd" target="_blank" data-smartkarma-citation="entities:2499:1" rel="noopener">Larsen &amp; Toubro (LT IN)</a> secures an $80 million multi-year deal with a US-based manufacturer to drive digital transformation using advanced technologies. </li>
</ul>


IndiaAI Mission is set to launch a GPU access portal for startups and researchers, with procurement bids from major firms like Jio Platforms and Tata Communications (TCOM IN) 


Jefferies Financial Group (JEF US)  expects ITC Hotels to experience $190 million in fund outflows due to ETF selling and BAT's planned stake sale. 

Larsen &amp; Toubro (LT IN) secures an $80 million multi-year deal with a US-based manufacturer to drive digital transformation using advanced technologies. 


#95 India Insight: IndiaAI to Launch GPU Portal, ITC Hotels Faces ETF Outflows, L&T Secures Deal

India

Tata Communications Limited provides telecommunications services. The Company provides international telephone, telex and telegraphy services, international maritime mobile communications, INTELSAT business service and bureau fax and t-fax services. Tata Communications also provides internet access, electronic mail and electronic data interchange services.

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Tata Communications (TCOM IN)

Tata Communications - A Mixed Bag; Digital Recovers, Core Connectivity Weak

Tata Communications (TCOM)’s 3Q results were a mixed bag as ~10% YoY revenue growth in the Digital portfolio was offset by continued weakness in...

Motilal Oswal

Dorf-Ketal Chemicals India Pre-IPO - The Negatives - Elevated Borrowings and Tariff Uncertainty

Dorf-Ketal Chemicals India is looking to raise about US$579m in its upcoming India IPO. In this note, we talk about the not-so-positive aspects of...

Akshat Shah

Dorf-Ketal Chemicals India Pre-IPO -The Positives - Strategic Blend of Organic & Inorganic Expansion

Dorf-Ketal Chemicals India is looking to raise about US$579m in its upcoming India IPO. In this note, we talk about the positive aspects of the deal.

Akshat Shah

Data Center: How Indian Companies Are Capitalizing on the Digital Boom?

India's data center market has huge growth potential, with ICRA projecting a 2x increase in operational capacity and significant investments...

Nimish Maheshwari

#95 India Insight: IndiaAI to Launch GPU Portal, ITC Hotels Faces ETF Outflows, L&T Secures Deal

IndiaAI Mission launches GPU access portal for startups/researchers with bids from major firms; ITC Hotels faces fund outflows, Larsen & Toubro...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tata Communications - A Mixed Bag; Digital Recovers, Core Connectivity Weak

Tata Communications (TCOM)’s 3Q results were a mixed bag as ~10% YoY revenue growth in the Digital portfolio was offset by continued weakness in...

Motilal Oswal

Dorf-Ketal Chemicals India Pre-IPO - The Negatives - Elevated Borrowings and Tariff Uncertainty

Dorf-Ketal Chemicals India is looking to raise about US$579m in its upcoming India IPO. In this note, we talk about the not-so-positive aspects of...

Akshat Shah

Dorf-Ketal Chemicals India Pre-IPO -The Positives - Strategic Blend of Organic & Inorganic Expansion

Dorf-Ketal Chemicals India is looking to raise about US$579m in its upcoming India IPO. In this note, we talk about the positive aspects of the deal.

Akshat Shah

Data Center: How Indian Companies Are Capitalizing on the Digital Boom?

​India's data center market has huge growth potential, with ICRA projecting a 2x increase in operational capacity and significant investments...

Nimish Maheshwari

#95 India Insight: IndiaAI to Launch GPU Portal, ITC Hotels Faces ETF Outflows, L&T Secures Deal

​IndiaAI Mission launches GPU access portal for startups/researchers with bids from major firms; ITC Hotels faces fund outflows, Larsen & Toubro...

Sudarshan Bhandari

India's data center market has huge growth potential, with ICRA projecting a 2x increase in operational capacity and significant investments...

IndiaAI Mission launches GPU access portal for startups/researchers with bids from major firms; ITC Hotels faces fund outflows, Larsen & Toubro...