Glenmark Pharmaceuticals Ltd – Drug for mild Covid patients hits market

Glenmark Pharmaceuticals Ltd  closes   at ₹ 409.10 with  a Gain    of   +0.90  %   on    19-June- 2020   with formation of  a  Green   Candle    on Daily  Price Chart.

About the Company : Glenmark Pharmaceuticals is a global pharmaceutical company. The Company is engaged in the development of new chemical entities (NCEs) and new biological entities (NBEs).

The Company  is  expected to Post Sales of ₹ 10579.90Cr & Net Profit of ₹ 728.70 Cr in FY2020 and Sales of ₹11532.10 Cr & Net Profit of ₹833.80 Cr in FY2021 and Sales of ₹12540.90 Cr & Net Profit of ₹963.20  Cr in FY2022.

Valuations  : The Company is now Trading at X 0.9  of its Value. We have valued the company with its  expected Financial Year 2020 earnings  , which is now almost ~10 %  Discount   to its value & X 0.81  of its FY20201 earning with a Discount  of ~ 19%   and X 0.72  of its FY20202  earning with a Discount  of ~ 28%.

Book Value will  increase  to  ₹ 230 Per Share ( ₹ 212 in FY2019 ). It will be ₹259 in FY2021 and ₹292 in FY2022.

Why Bullish : Glenmark has introduces drug for mild Covid patients , priced at Rs 103 a pill. ( Source : Media Report )

Margin of Safety (1Yr Bond Yield: Value>1 ) is now 1.7  ,which is  attractive.  its Future Price with its FY2022 earnings is ₹ 583.

Disclaimer : We are / may going to take exposure shortly.

Join Us at   Telegram #   https://t.me/TheNiftyNext

Data Source | NSE Website | Screener.In  | Capital Line | Money Control |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

Manappuram Finance Ltd – Double Your Investment Value

Manappuram Finance Ltd  closes   at ₹ 151.60 with  a Gain    of   +1.60   %   on    19-June- 2020   with formation of  a  Green   Candle    on Daily  Price Chart.

About the Company : Manappuram Finance is engaged in a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc.

The Company  has  post  Net Interest Income   of ₹3384.83 Cr & Net Profit   of ₹1467.75 Cr in FY 2020 and  and  expected to Post Net Interest Income   of ₹ 3698.69 Cr & Net Profit of ₹ 1440.97 Cr in FY 2021 .

Valuations  : The Company is now Trading at X 0.50  of its Value. We have valued the company with its last  Financial Year 2020 earnings  , which is now almost ~50 %  Discount   to its value & X 0.52  of its FY 2021 earning with a Discount  of ~ 48%  .

Growth Story  : According to the management of the company, most of gold loan customers have preferred not to opt for moratorium as they realize the deferment of payments without waiver of interest would add to their interest outflow. The total number of gold loans customers stood at 26.23 lakhs. Gold loan disbursement during the quarter at Rs 51912 crore compared to Rs 40,304 crore in Q3 FY '20. The online gold loan book is growing, which accounted for 48% of total gold loans and gained to 61% end April 2020.

Gold loan business constitutes 67.3% of consolidated AUM. The gold holdings stood at 72.39 tonnes and the tonnage increased by 7.2% yoy year.

The company has improved asset quality on standalone basis and the management of the company expects 10% growth in the loan book for Fy2021.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now 3.1  ,which is  attractive.  its Future Price with its FY 2021 earnings is ₹ 291.

Disclaimer : We are / may going to take exposure shortly.

Join Us at   Telegram #   https://t.me/TheNiftyNext

Data Source | NSE Website | Screener.In  | Capital Line | Money Control |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

Kotak Mahindra Bank Ltd – Rich Valuations

Kotak Mahindra Bank Ltd   closes   at ₹ 1302.00   with  a  Fall   of   -0.1    %   on    19-June- 2020   with formation of  a  Small  Red  Candle    on Daily  Price Chart.

About the Company : Kotak Mahindra Bank provides a full suite of banking services to its customers encompassing Retail Banking, Treasury and Corporate Banking in India and also has a representative office in Dubai

The Bank  has  post  Net Interest Income   of ₹ 17573.48 Cr & Net Profit   of ₹8593.36 Cr in FY2020 and  and  expected to Post Net Interest Income   of ₹ 18097.95 Cr & Net Profit of ₹ 7661.67 Cr in FY2021 .

Valuations  : The Company is now Trading at X 1.80   of its Value. We have valued the company with its last  Financial Year 2020 earnings  , which is now almost ~80 % Premium  to its value & X 1.97   of its FY20201earning with a Premium  of ~ 97%  .

Strength : The bank is now working on a plan regarding shape of business, future requirements, impact on the cost-to income ratios, digital and technology against the branch networks, strategy on branch expansion from existing 1600 branches, levers needed to press to significantly transform Kotak as an institution in the  time ahead in the post-COVID world.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now 0.90 . A 10 %   slide in CMP will make it attractive. However, its Future Price with its FY2021 earnings is ₹ 1460.90.

Disclaimer : We are / may going to take exposure shortly.

Join Us at   Telegram #   https://t.me/TheNiftyNext

Data Source | NSE Website | Screener.In  | Capital Line | Money Control |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |