Borosil Renewables: Robust Growth Outlook
Moneylife Digital Team 02 December 2021
Borosil Renewables (Borosil) reported gross quarterly revenue of Rs161 crore, up 18% quarter-on-quarter (q-o-q) and 41% year-on-year (y-o-y). Operating profit was Rs59 crore down 5% q-o-q and up 84% y-o-y and net profit was Rs34 crore, down 15% q-o-q and up 143% y-o-y. Capacity utilisation for production of glass was roughly 97% and, in terms of the final product, it was at about 68%. The...
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Gujarat Fluorochemicals: Well-executed Expansion Will Lead To Re-rating
Moneylife Digital Team 02 December 2021
Gujarat Fluorochemicals Limited (GFCL) is a specialty chemicals company and a leading producer of fluoropolymers, fluorospecialties, refrigerants and chemicals. It is looking to join futuristic technology, like electric vehicles...
Anand Rathi Wealth IPO: Main Income Is from Thinly-regulated Structured Products Plus It Has Governance Issues
Moneylife Digital Team 02 December 2021
Anand Rathi Wealth Ltd (ARWL) is a wealth management firm which is making its initial public offering (IPO) today. In a departure, from our usual IPO analysis, we are stating upfront some information we have obtained about ARWL. The...
SMS Pharmaceuticals: Betting big on Ibuprofen
Moneylife Digital Team 01 December 2021
Ramesh Babu Potluri, who worked under Murali Divi when they were both in Cheminor Drugs (a group company of Dr Reddy’s), founded SMS Pharmaceuticals Ltd (SPL) in 1990 by taking over a sick facility and turning it around. SPL emerged...
IPO Review: Tega Industries Ltd
Moneylife Digital Team 01 December 2021
Tega Industries Ltd (TIL) manufactures wear-resistant rubber products and components for mining applications and polyurethane lining. Globally, it is the second largest producer of polymer-based mill-liners, on the basis of revenue...
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