Voltas Ltd Q4FY21 consolidated net profit at Rs 237 73 crore
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Motilal Oswal has buy call on
UltraTech Cement with a target price of Rs 8050. The current market price of UltraTech Cement Ltd. is Rs 6509.55.
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 184938.79 Crore) operating in Cement sector.
Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 14465.94 Crore, up 15.52 % from last quarter Total Income of Rs 12522.03 Crore and up 32.19 % from last year same quarter Total Income of Rs 10943.55 Crore. Company reported net profit after tax of Rs 1771.86 Crore in latest quarter.
The valuation is reasonable at 12.9x FY23E EV/EBITDA – a 10% discount to its previous five-year average. We value UTCEM at 16x FY23E EV/EBITDA to arrive at TP of INR8,050.
ICICI Direct has buy call on
Dabur India with a target price of Rs 620. The current market price of Dabur India Ltd. is Rs 522.
Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 92144.72 Crore) operating in FMCG sector.
Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2421.77 Crore, down -13.81 % from last quarter Total Income of Rs 2809.77 Crore and up 24.76 % from last year same quarter Total Income of Rs 1941.13 Crore. Company reported net profit after tax of Rs 377.88 Crore in latest quarter.
DIL has been able to grow revenue by 10% in a challenging year. The brokeraage believes health & immunity related tailwinds & related new product and increasing direct & rural distribution network (1.4 million outlets & 80000 villages) would help drive growth for the company. We expect 12.8% earnings CAGR in FY21-23E and maintains BUY rating and TP of Rs 620/share.
ICICI Direct has buy call on
IDFC First Bank with a target price of Rs 65. The current market price of IDFC First Bank Ltd. is Rs 55.35.
IDFC First Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 34187.23 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 4834.19 Crore, down -.03 % from last quarter Total Income of Rs 4835.86 Crore and up 6.17 % from last year same quarter. Total Income of Rs 4553.07 Crore. The bank reported net profit after tax of Rs 136.93 Crore in latest quarter.
In terms of business, the bank seems to be on be on track in its long-term objectives of shifting the loan mix in retail favour and higher retailisation of liability franchisee. The second wave of the pandemic could keep credit cost elevated in the next two to three quarters. Asset quality in the near term and opex structure in the medium term would be key monitorables. The brokerage values the bank a
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