Tag Financial Growth

Shriram Finance Ltd
Shriram Finance Ltd: Growth, Market Insights, and Future Potential in India’s NBFC Sector

Business and Industry Overview:  

Shriram Finance Ltd is a large financial company in India. It is part of the Shriram Group, which started in 1974 in Chennai. The group first worked with chit funds and later expanded into loans and insurance. In 2022, Shriram Finance was created by merging three companies—Shriram City Union Finance, Shriram Capital, and Shriram Transport Finance. Shriram Finance gives loans for trucks, buses, cars, two-wheelers, gold, and small businesses. Many people in small towns and villages find it hard to get loans from big banks. Shriram Finance helps these people by making loans easier for them. The Shriram Group also runs insurance businesses. Shriram Life Insurance provides life insurance. Shriram General Insurance covers vehicles, homes, and travel. The group also helps people invest money. Shriram AMC manages mutual funds. Shriram Insight is a stockbroking company. Shriram Wealth gives advice on managing money. The group also works in real estate. Shriram Properties builds homes, mainly in South India. Shriram Automall is a platform where people can buy and sell used vehicles. Shriram Group focuses on helping common people and small business owners. It provides loans, insurance, and other financial services in both cities and villages. It makes money matters simple and easy for people who cannot get help from big banks. 

The financial services industry in India is growing fast. It includes banks, non-banking financial companies (NBFCs), insurance companies, stock markets, and asset management firms. This industry helps people and businesses manage money, get loans, invest, and protect their assets. The NBFC sector in India has grown a lot. It is now an important part of the financial system. Over time, this sector has changed. Housing finance, microfinance, and consumer finance have helped it grow. Many factors support this growth. The middle class is growing, more people have access to financial services, and government policies are helpful. NBFCs help people who cannot get loans from banks. Many small business owners and people in villages depend on NBFCs. More people now take loans for vehicles, gold, and businesses. 

Shriram Finance is a large financial company in India. It helps people get loans who may not be able to get them from banks. It is especially known for giving loans to buy vehicles like trucks, buses, and cars. Many small business owners and truck drivers depend on Shriram Finance for loans. The company also gives loans for gold, two-wheelers, and small businesses. It has many branches across India, especially in small towns and villages. This makes it different from big banks, which focus more on cities. Shriram Finance understands the needs of people who live in rural areas and smaller towns. This helps them offer loans that are easier to get. The company uses technology to check if people can pay back the loans. This helps reduce the risk of not getting paid back. Even though it faces competition from banks and other companies, Shriram Finance stays strong. It has built trust with its customers. People rely on the company for loans and other financial services. Shriram Finance is always growing. It uses digital tools to make the loan process faster and easier. The company also offers more types of financial products, which help it attract more customers. 

Latest Stock News: 

As of April 1, 2025, Shriram Finance is in the spotlight for its impressive growth plans. The company aims to grow its assets to over ₹3 lakh crore by the financial year 2025-2026. They plan to increase their loans by 15%, which is much higher than India’s expected 6.5% GDP growth. This shows they expect to grow faster than the country’s economy. 

Analysts are optimistic about Shriram Finance. They are happy with the company’s 15% Return on Equity (ROE) and 15% growth in Earnings Per Share (EPS). These numbers show that the company is doing well and making good profits. Some experts believe the company’s stock might go up in value, or be re-rated, as more people see its potential. 

Even though Shriram Finance reported a 96% increase in its net profit for Q3 FY25, the stock price fell by 2.6%. This drop might seem confusing since the company made huge profits. However, stock prices don’t always rise after good news. Other factors, like market conditions, can cause a price drop even after good earnings. 

In January 2025, Shriram Finance also did a stock split. This means they split their shares into more, making them cheaper. After the split, the stock price went up by 3%. This was a positive reaction from the market, as stock splits can make shares more affordable for small investors. 

To sum up, Shriram Finance is growing fast with big plans and strong profits. They are expanding their loan business and focusing on new areas like green financing, especially electric vehicles. Despite some stock price changes, the company is seen as a strong player in the market with a lot of growth potential. 

Potentials: 

Shriram Finance has clear and exciting plans for the future. The company aims to grow its total assets to over ₹3 lakh crore by the financial year 2025-2026. This is a big target, showing that the company wants to grow quickly. They also plan to increase their loans by 15%, which is more than double the expected growth of the economy. This means they want to do better than the country’s overall growth rate. One key area Shriram Finance is focusing on is small and medium-sized businesses (MSMEs). These businesses are important for India’s economy, but they often struggle to get loans. Shriram Finance wants to help by providing more financial support to these businesses, helping them grow and succeed. Another big focus for Shriram Finance is green initiatives. The company wants to help the environment by supporting electric vehicles (EVs). It plans to offer loans to people who want to buy electric vehicles. This will not only help reduce pollution but also support the shift to cleaner energy in the transport sector. Shriram Finance is also working on becoming more digital. The company wants to make it easier for people to apply for loans online. This will save time for customers and make the process more convenient. They are also using data to make better decisions and improve their services. By using technology, Shriram Finance hopes to serve more customers and be more efficient. Lastly, Shriram Finance plans to partner with other businesses to expand its reach. These partnerships will help the company offer its services to more people, including those in remote areas. In conclusion, Shriram Finance’s future plans include helping small businesses, supporting electric vehicles, becoming more digital, and partnering with other companies. These plans will help the company grow and stay ahead in the competitive financial market.  

Analyst Insights: 

  • Market capitalisation: ₹ 1,19,892 Cr. 
  • Current Price:₹ 637 
  • 52-Week High/Low: ₹ 730 / 439 
  • P/E Ratio: 14.8 
  • Dividend Yield: 1.41% 
  • Return on Capital Employed (ROCE): 11.3% 
  • Return on Equity (ROE): 15.9%

Shriram Finance Ltd (STFC) has been growing well. Its revenue and profit have been increasing every year. The company makes good money from its business, shown by a return on equity (ROE) of 15.9%. This means it uses its money wisely to earn profits. 

The company’s stock price is not too high compared to others, making it a good option for investors. It also pays a dividend of 1.41%, which means investors get some money back from their investment. The company’s profit from financing has also grown, showing that its main business is doing well. 

The company has more assets now, which shows it is expanding. It does have some debt, but it makes enough money to handle it. Shriram Finance focuses on lending for used commercial vehicles and two-wheelers, which helps it stand out in the market. 

Even though there are some risks, the company is growing and making profits. It is a good option for investors who want to hold stocks for the long term. 

Aurionpro Solutions Ltd
Aurionpro Solutions Ltd: 33% YoY Profit Growth and Digital Transformation

Business and Industry Overview: 

Aurionpro Solutions Ltd is a technology company based in Navi Mumbai, India. It helps businesses by providing digital tools to make their work easier and more efficient. The company mainly works with banks, payment systems, transportation, logistics, and government sectors. Aurionpro uses modern technologies like artificial intelligence (AI), machine learning, and blockchain to help businesses stay secure and grow faster. They provide a platform that businesses can use to improve their operations, making things smoother and quicker. It was founded in 1997. At first, it was called something different but changed its name to Aurionpro Solutions later. Now, the company has 24 offices in 22 countries and more than 2,000 employees. It is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. Its market value is more than Rs 7 billion. The company is led by Paresh Zaveri, who is the Chairman and Managing Director. Ashish Rai became the Vice Chairman and President in 2022, and other leaders manage different parts of the business, such as banking and technology. 

Aurionpro has grown over the years by buying other companies and forming partnerships. In 2020, it bought a majority stake in SC Soft, a company that creates software for transportation fare collection. It also owns Integro Technologies, a company focused on credit lending. The company has partnered with different state governments to help improve their digital systems. For example, it launched a payment platform called ‘AuropayBiz’ with Stripe and FIS Worldpay. Aurionpro also worked with the Government of Rajasthan and Haryana Roadways to make transportation ticketing systems better. It has been recognized for being a great place to work. It was named a Great Place to Work for two years in a row. The company also won the India Technology Excellence Award for its work in digital technology. Today, Aurionpro continues to help businesses all over the world improve their digital systems and keep up with the fast-changing digital world. 

India now has over 692 million people using the internet. This makes India one of the largest internet users in the world. Because of this, businesses can grow faster, and people can do more things online. The government is also using new technologies, like artificial intelligence (AI), to help businesses make better decisions. AI can help businesses work faster and smarter. Another new technology being used is blockchain, which keeps transactions secure and helps businesses avoid problems like fraud. Even though big cities are seeing the most change, the government is working to help small towns and villages too. There are Common Service Centers (CSCs) in rural areas. These centers allow people to access government services like banking and education using the internet. The government also created an app called UMANG, which lets people use over 1,000 government services directly on their smartphones. They can pay bills, file taxes, and even make doctor appointments through this app. Startups, or small businesses, are also helping India’s digitaltransformatione. They are using technology to solve everyday problems. The government is supporting these businesses with funding and advice to help them grow. In short, Digital India is making life easier by improving internet access, offering government services online, and helping people learn new skills. It’s helping India become more modern and connected, making it easier for everyone to use technology in their daily lives. 

Aurionpro Solutions is a company that helps businesses use technology to work better. They focus on areas like banking, transport, logistics, and government. They use tools like cloud computing, artificial intelligence, and machine learning to help businesses become faster, safer, and more efficient. For businesses that want to accept payments online, Aurionpro has a product called AuropayBiz. This tool makes it easy and safe for small businesses to get payments from customers using digital methods. They also work with big payment companies like Stripe Payments and FIS Worldpay to help businesses accept payments more easily. Aurionpro also works in transportation. Their SC Soft division creates smart ticketing systems for things like buses, trains, and subways. This makes it simple for people to buy tickets using their phones or credit cards. They even partner with MasterCard to make payment systems better for passengers. Their Integro Technologies division helps banks with lending services. They provide tools to banks so they can offer loans and credit more efficiently to customers. 

Aurionpro has more than 2000 employees and works in 22 countries. They are known for helping businesses improve by using digital tools. They keep growing by helping businesses in many industries become smarter and offer better services to their customers. It is a company that helps businesses improve by using technology. They mainly work with banks, financial services, and the transit industry. The company is focusing on growing in new regions. In Europe, they want to become a bigger player in the next year. In the United States, they plan to grow faster and take a larger share of the market. 

Latest Stock News: 

Aurionpro Solutions is a company that provides technology to banks, helping them improve their services. The company has been doing well financially, with its earnings going up by 32%. In the third quarter, their revenue grew by 33% compared to last year and 10% compared to the last quarter. They have also secured new contracts in Southeast Asia and the Middle East, and recently bought a company in Europe that works with capital markets. On March 21, 2025, however, the stock price of Aurionpro dropped by around 7%. This happened after the stock had been going up for the past few days. Despite this drop, the stock has done better than the Sensex (a market index) over the past week. But, over the last three months, the stock has been going down, showing some ups and downs. Overall, while the company is growing and getting new business, the stock price has been unstable. Investors need to pay attention to how the stock behaves before deciding to buy or sell. 

Potentials: 

The company aims to increase its revenue by 30-35% in the fiscal year 2025. They also want to improve their profit margins, targeting an EBITDA margin of 20-22% and a Profit After Tax (PAT) margin of 15-16%. Aurionpro’s banking business has grown by more than 50% and now makes up 55% of its total income. They have secured new projects in countries like Saudi Arabia, in regions such as the Middle East and Southeast Asia. In the transit sector, they are growing their services in the U.S. and have expanded to Central and Latin America. Aurionpro also bought Fenixys, a consulting firm that works with banks in Europe and the Middle East. This will help Aurionpro grow in these areas by using Fenixys’ experience and their connections with important banks. In short, Aurionpro is expanding into new markets, aiming for higher revenues and profits, and continuing to grow in banking and transit. The acquisition of Fenixys will help them become stronger in Europe and the Middle East. 

Aurionpro Solutions Ltd is doing well, especially in the banking and fintech business. This part of the company makes up most of its income. In the first half of FY25, the company’s revenue grew by 51% compared to last year, which shows good growth. The company’s profit margins have stayed stable, around 21-22%. This means they are good at controlling costs and running their business smoothly. 

The company is also expanding into new markets, like Saudi Arabia and the Americas, and is launching new products. This will help the company grow even more. The company has strong profits compared to what it invests, with return on equity at 19.7% and return on capital employed at 22.3%. It also has very little debt and good cash flow, making it financially strong. 

Analyst Insights: 

  • Market capitalisation: ₹ 7,825 Cr. 
  • Current Price:₹ 1,417 
  • 52-Week High/Low: ₹ 1,992 / 980 
  • Stock P/E: 44.9 
  • Dividend Yield:0.18%
  • Return on Capital Employed (ROCE): 22.3% 
  • Return on Equity: 19.7% 

The stock price has gone up by 43% in the last year. Sales have also grown by 31% in the past year. However, the company’s stock price is a bit high compared to others in the same industry, which may make it seem expensive. The dividend they pay to shareholders is low at just 0.18%. Also, the promoters (owners) of the company have slightly reduced their stake, which some people may find worrying. Despite these concerns, the company is doing well and is growing, making it a good option for long-term investment, especially if you are looking at fintech and banking. 

MRPL Ltd
MRPL Surges: Short-Term Gains Amid Market Recovery & Long-Term Growth Prospects

Business and Industry Overview: 

Mangalore Refinery and Petrochemicals Limited (MRPL) is a major oil refinery in India and is part of Oil and Natural Gas Corporation (ONGC), which is owned by the Government of India. MRPL was established in 1988 and is located in Katipalla, a suburb north of Mangalore in Karnataka. To build the refinery, five villages—Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi—had to be relocated. The refinery at MRPL is known for its flexibility. It can process crude oil from different sources with varying qualities. It has a large capacity to process 15 million metric tonnes of crude oil each year. This makes it one of the larger refineries in India. MRPL is unique because it has two hydrocrackers that produce high-quality diesel, which is known as high cetane diesel. This is important for making cleaner, more efficient fuel. Additionally, the refinery has a polypropylene unit that can produce 0.44 million metric tonnes of polypropylene each year, which is used in the production of plastics. MRPL is one of only two refineries in India that have two Continuous Catalytic Reformers (CCRs). These units produce high-octane unleaded petrol, which is used in cars and other vehicles. The refinery currently processes around 14.65 million metric tonnes of crude oil every year, slightly less than its maximum capacity of 15 million metric tonnes. MRPL was initially a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and the A.V. Birla Group to build a refinery that would help meet India’s growing demand for petroleum products. The refinery started with a small capacity of 3 million metric tonnes per year. Over the years, it has grown and expanded its processing capacity.

Today, MRPL continues to play a key role in India’s oil refining and petrochemical industries. The company’s operations are not just limited to refining crude oil; it also focuses on producing petrochemicals and meeting the country’s growing demand for energy products. It remains a critical part of the country’s energy security and plays a vital role in the refining sector. 

India’s oil and gas industry is very important for the country. India uses a lot of oil for cars, factories, and electricity. In the future, India will need even more oil. By 2045, the country’s demand for oil is expected to double. Diesel will be used a lot, making up most of the oil used in the country. India is also using more natural gas. This is because natural gas is cleaner than other types of fuel. It is being used more in power plants and factories. The country will need more gas in the future. India does not have enough oil, so it buys oil from other countries. In 2024, India’s oil imports increased. To keep up with the demand, India is increasing its ability to refine oil. The country plans to add more refining capacity to make more products like diesel and gasoline. The government is also making sure that India has enough oil reserves for emergencies. They are building more storage for oil. This will help when prices go up or if there are problems with the oil supply. To help the industry grow, the government is making it easier for foreign companies to invest in India’s oil and gas sector. The government has also set rules to support clean fuels, like ethanol and biogas. In short, India’s oil and gas industry is growing because the country needs more energy. The government is helping by making policies to support the industry and encouraging investment. This will help India power its cars, factories, and homes in the future. 

Mangalore Refinery and Petrochemicals Limited (MRPL) is a big company in India’s oil industry. It is owned by ONGC, one of India’s largest and most trusted oil companies. Being owned by ONGC gives MRPL financial strength and helps it gain trust in the market. MRPL has a special advantage because it can process different types of crude oil. This means the company can adjust to changes in the market. It is the only refinery in India with two hydrocrackers. These machines help make high-quality diesel, which is important for transport and industries. MRPL is also one of the only two refineries in India that have two machines called Continuous Catalytic Reformers (CCRs). These machines help make high-octane petrol, which is needed for cars and other vehicles. MRPL can process 15 million metric tonnes of crude oil every year. This is a huge amount and helps meet the country’s growing demand for petroleum products. MRPL also makes polypropylene, which is a material used to make many products like plastic, packaging, and clothes. This adds more value to MRPL’s business. The link with ONGC is very important for MRPL. ONGC is a huge and trusted company. This connection helps MRPL with money, technology, and experience. ONGC also gives MRPL access to many customers in India and abroad. Since ONGC took control of MRPL, the company has grown. MRPL is focused on growing its refining capacity to meet future demand. It is also working on better technology to be more eco-friendly and reduce pollution. 

In short, MRPL is a strong company because it can process many types of crude oil, produce high-quality products, and has the support of ONGC. This makes MRPL a key player in India’s oil and gas industry. 

Latest Stock News: 

The stock price of Mangalore Refinery and Petrochemicals Limited (MRPL) has been moving up after a period of small declines and sideways movement. On March 22, 2025, the stock was priced at ₹117.88 on the National Stock Exchange (NSE), showing a positive change. This rise in stock price can be seen as a breakout from a narrow trading range, indicating that the stock is now in an upward trend. The Relative Strength Index (RSI) on both intraday and daily charts is showing positive signals, which means the stock may continue to rise. Also, the candlestick patterns on these charts suggest that the stock is likely to go higher. MRPL’s Gross Refining Margin (GRM) improved to $10.36 per barrel for the full year, up from $9.88 per barrel the previous year, showing good performance in refining. The company also reported a profit after tax (PAT) of ₹3,596 crore for FY2023- 24, which is 36.32% higher than the previous year. Because of these good results and the positive chart patterns, HDFC Securities has recommended buying MRPL shares as a short-term investment, suggesting that now is a good time to invest in the stock. 

Potentials: 

MRPL has big plans for its future. Right now, it is focusing on changing the way it works. Instead of selling fuel to other countries, it wants to sell more fuel directly to people in southern India. MRPL plans to grow its network of petrol stations from just 71 to 1,800 by 2027. This will help the company earn steady money because it will be selling directly to customers. Apart from selling fuel, MRPL also wants to grow its business in chemicals. It plans to spend ₹47,000 crore (around $5.7 billion) to build a new factory in Karnataka. This factory will make chemicals used in making plastic and paint. These are products that will always be in demand, so this is a smart move for MRPL. The factory will be ready in 3 to 5 years. Another part of MRPL’s plan is to build a new plant that will make ethanol from farming waste. This will help the company use things like corn and cotton stalks to make ethanol, which is good for the environment. They are also working on improving their pollution control systems to meet strict rules. 

Analyst Insights: 

  • Market capitalisation: ₹ 23,753 Cr. 
  • Current Price:₹ 136 
  • 52-Week High/Low: ₹ 260 / 98.9 
  • Stock P/E: 28.6 
  • Dividend Yield: 2.21% 
  • Return on Capital Employed (ROCE): 25.8% 
  • Return on Equity: 31.9% 

MRPL is also making its power systems better and updating its refinery to improve production. They are setting up a new plant to make a special chemical used in medicines and perfumes. This will allow MRPL to make this chemical on its own without relying on others. All of these plans show that MRPL wants to grow its business, follow environmental rules, and keep up with changes in the industry. 

Mangalore Refinery and Petrochemicals Ltd (MRPL) has shown good growth over the years. Its net profit has increased by 60% each year for the past five years. This shows that the company is doing well in making money. The company has a return on equity (ROE) of 17%, which means it is earning a good return on the money invested by its shareholders. 

MRPLcano refines 15 million metric tonnes of oil per year. This large refining capacity helps the company produce a lot of fuel and petrochemical products, which are in high demand. The company also has an operating profit margin of 12%, which means it keeps a good share of the revenue it generates after costs. 

The company is financially stable, with a debt-to-equity ratio of 0.3. This low ratio shows that it does not rely too much on borrowing to run its business. MRPL has 101 fuel stations and plans to open more in the future, helping it grow its retail business. 

Even though MRPL’s profits dropped slightly in the last quarter, it has shown consistent growth in the past. The company’s average yearly revenue growth is 8%, showing that it is still growing in the long term. All of these factors point to MRPL being a strong company with a good future ahead. 

Raymond Ltd
Raymond Ltd Plunges to 52-Week Low: Market Challenges & Future Growth Plans

Business and Industry Overview: 

Raymond Ltd is a well-known Indian company that makes fabrics and clothes. It is the largest fabric maker in the world. The company started in 1925 as a small woolen mill near Mumbai. Later, the Singhania family took over and made it a big brand. Today, it is one of the top textile and fashion companies in India. 

Raymond sells suiting fabrics all over India. It has 30,000 retailers and more than 600 exclusive stores. The company also exports to 55 countries, including the US, Canada, Europe, and Japan. It is India’s biggest woolen fabric maker and controls 60% of the suiting market. Raymond has over 20,000 fabric designs and colors, which is the largest collection by one company. 

Raymond also makes ready-made clothes. It owns brands like Park Avenue, ColorPlus, and Parx. The company is also involved in real estate and engineering. Over the years, it has built a strong name in the market. In 2015, it was named India’s most trusted apparel brand. Even with competition, Raymond remains a leader in the fashion and textile industry. 

The textile and clothing industry is one of the biggest in the world. It includes making fabrics, designing clothes, and selling them. Many people work in this industry, from farmers growing cotton to workers stitching clothes in factories. India is a major producer of textiles like cotton, wool, silk, and synthetic fabrics. In April-June 2025, India exported $2,244 million worth of ready-made clothes. The country’s cotton production is expected to reach 7.2 million tonnes by 2030 due to growing demand. The Indian textile market is growing fast and may reach $350 billion by 2030, with exports of $100 billion. In April-January 2024, India exported $28.72 billion worth of textiles, clothes, and handicrafts. India is a preferred choice for textile production because of low costs and skilled workers. The government is helping the industry by allowing 100% foreign investment and launching schemes like PLI worth $1.44 billion for fabric and technical textiles. A 12% tax rate has been fixed for some fabrics to make business easier. The government is also training workers, with over 1.8 lakh people trained under Samarth. It has approved $7.4 million for research and $109.99 million for upgrading machines in factories. Foreign investment in textiles has reached $4.47 billion since 2000. The government also plans to create 75 textile hubs to boost business. With strong demand, government support, and more investment, India’s textile industry will continue to grow. 

Raymond Ltd is a famous company in India’s clothing and fabric industry. It is the largest fabric maker in the world and has a 60% share in India’s suiting market. It is also India’s biggest woolen fabric producer. The company has a large network of shops. It sells products in over 4,000 multi-brand stores and 637 Raymond showrooms. Its fabrics and clothes are available in 30,000 shops across 400 towns in India. Raymond also sells its products in 55 countries, including the US, Canada, Europe, Japan, and the Middle East. 

Raymond makes different types of products. It sells fabric, ready-made clothes, grooming products, and home textiles. It owns brands like Park Avenue, ColorPlus, and Parx. Raymond competes with Vardhman, Arvind, Siyaram, and Aditya Birla Fashion. But people trust Raymond more because of its good quality, strong brand, and large store network. The company has over 20,000 fabric designs and colors, making it one of the largest collections in the world. 

Raymond has modern factories in Maharashtra and Gujarat. These factories use advanced technology to make high-quality fabrics at lower costs. The company is always creating new styles and fabrics to stay ahead in fashion. In 2015, it was named India’s most trusted clothing brand. 

Raymond is growing fast. It is opening new stores, launching new products, and selling more in foreign markets. More people are buying premium fabrics and clothing, and the government is helping the textile industry grow. With its strong brand, good quality, and large store network, Raymond will continue to grow and remain a top company. 

Latest Stock News: 

Raymond Ltd, a mid-sized textile company, has hit a new 52-week low after five days of losses, even though the textile sector has done slightly better. The stock has dropped a lot in the past year, which raises concerns about the company’s financial health and future growth. But, it still has a strong return on equity. 

Today, 1.34 lakh shares of Raymond traded on the BSE, which is much higher than its usual 25,000 shares over the past two weeks. The total turnover was ₹18.44 crore, and the company’s market value is ₹9,472.78 crore. There were 14,733 buy orders compared to 14,460 sell orders. 

Some analysts think the stock is bullish in the short term, while others believe it has a good risk-reward balance. They think ₹1,220 and ₹1,320 are key support levels, and ₹1,440 to ₹1,600 are resistance levels. If the stock stays above ₹1,440, it might go up to ₹1,600. But, if it drops below ₹1,320, it could weaken the stock’s rise. 

Technically, Raymond’s stock is above its short-term moving averages (5-day, 10-day, 20-day, and 30-day) but below its long-term averages (50-day, 100-day, 150-day, and 200-day). The Relative Strength Index (RSI) is at 56.75, showing it is neither overbought nor oversold. 

The company has a low P/E ratio of 1.04 and a P/B ratio of 2.96, with Earnings Per Share (EPS) of ₹1,368.94. Raymond’s Return on Equity (RoE) is very high at 283.97%. The stock has a beta of 1.3, meaning it can be volatile. 

As of December 2024, the promoters own 48.87% of the company. 

Potentials: 

Raymond Ltd has big plans for the future. The company wants to list its apparel and real estate businesses by 2025. This will help raise the value for people who own shares in the company. Raymond also wants to break up its current structure, which has caused the stock price to be lower than expected. Raymond Lifestyle, which is known for its men’s suits, plans to grow in the Indian market and in the wedding wear market. The company wants to open more stores and grow quickly in these areas. 

Raymond also plans to expand into other countries and increase its number of stores in India. It will keep making new products and better fabric designs to meet what customers want. The company will also open more Raymond showrooms in different cities. 

Raymond wants to sell more online, as more people are shopping on the internet now. The company will work on improving its factories so that it can reduce costs and keep the quality high. Raymond also cares about the environment and will use greener technologies to make the production process cleaner and more eco-friendly. 

Raymond wants to make its supply chain better and take more market share to stay ahead of its competition. The company may also look for new partnerships or buy other companies to keep growing. All these plans should help Raymond become a stronger and more valuable company in the future. 

Analyst Insights: 

  • Market capitalisation: ₹ 9,428 Cr. 
  • Current Price:₹ 1,413  
  • 52-Week High/Low:₹ 2,381 / 1,050 
  • Stock P/E: 29.6 
  • Dividend Yield: 0.71 % 
  • Return on Capital Employed (ROCE): 30.9 % 
  • Return on Equity: 44.5 % 

Raymond Ltd has been doing well financially. Its profit has grown by 57.8% each year over the last 5 years. The company’s return on equity (ROE) is 44.5%, which is a good sign. It has also reduced its debt. In FY23, its revenue went up to ₹8,215 crores, and its profit reached ₹537 crores. The company has also split off its lifestyle business, which could help it grow even more. The stock’s price-to-earnings (PE) ratio of 29.6 is lower compared to other companies in the same sector, which makes it a good investment opportunity. I recommend buying the stock, with a target price of ₹1,650-₹1,700 in the next year. 

Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Reaches New High Amid Market Decline – Is It a Strong Buy?

Business and Industry Overview: 

Kotak Mahindra Bank is one of the biggest private banks in India. It started in 1985 as a company that gave loans. In 2003, it became a bank. The main office is in Mumbai. The CEO of the bank is Ashok Vaswani. It is listed in the stock market. The bank helps people open accounts, save money, and take loans. It also offers credit cards and other banking services. Businesses also take loans from the bank and use its services. Rich people use banks to manage their money, invest in stocks, and buy insurance. The bank also helps companies invest and grow their money. Kotak Mahindra Bank has over 1,800 branches and 3,100 ATMs all over India. It is growing fast and using new technology to make banking easy. It allows people to use mobile banking, UPI, and online services. The bank is strong in the market and makes good profits. It competes with big banks like HDFC and ICICI. In 2021, it bought Volkswagen Finance’s car loan business. This helped the bank give more car loans. In the future, it wants to grow bigger, help more people, and use more technology. 

Banks keep money safe and give loans. They help people send and receive money. The RBI makes rules so banks work well. India has many types of banks. Foreign banks come from other countries. Private banks give good service and use new technology. Government banks help people and businesses. Rural banks give loans to farmers and small shop owners. More people now pay online instead of using cash. By 2026, most payments will be online. Banks use new methods to make banking easy. Farmers can apply for Kisan Credit Card (KCC) loans online. In 2023, India got its first UPI-ATM, where people can take out cash without a card. By 2024, 602 banks will use UPI, and people will have about 15 billion online payments. The RBI is making a digital currency for faster payments. The government made KYC rules easy, so opening a bank account is quicker. In 2023, India Post Payments Bank and Airtel started WhatsApp banking, so people can use phones for banking. Banking is growing fast, but fraud is also increasing. FinTech companies are giving more choices, so banks must improve. More people now like online banking, and the government is making new rules to help. Banking in India will keep growing. 

Latest Stock News: 

Kotak Mahindra Bank’s stock is doing well. Mutual funds bought shares worth ₹2,300 crore in February. The stock is trading close to its highest price in the last year. It has started a new upward trend, showing signs of growth. The price is above important moving averages, which is a good sign. The RSI indicator is also moving up, suggesting strong demand. Kotak Mahindra Bank’s stock performed well today, rising by 3.1% and reaching ₹1,997, its highest price in the last year. This means the bank’s stock is growing stronger compared to others in the same sector. In the last two days, it has gone up by 4.01%, showing a steady increase. The stock is also trading above important price levels, which suggests that investors have confidence in it. Over the past year, Kotak Mahindra Bank’s stock has given a return of 15.54%, which is much higher than the Sensex, which increased by only 0.28%. Even though the overall market went down today, Kotak Mahindra Bank’s stock stayed strong. This shows that the bank has good financial health and investors trust its future growth. 

Kotak Mahindra Bank’s stock price went up by 3.1% today and reached ₹1,997, its highest in one year. This means more people are buying its shares because they trust the bank. In the last two days, the stock has gone up by 4.01%, showing a steady rise. Right now, the stock is doing well over short and long periods because it is above important price levels that traders watch. In the past year, the stock has grown by 15.54%, while the Sensex, which tracks many big companies, has only gone up by 0.28%. Today, the overall stock market went down by 0.29%, but Kotak Mahindra Bank stayed strong. This shows that people believe the bank is stable, growing, and a good choice for investment. 

Potentials: 

Kotak Mahindra Bank is embracing new technology to make banking easier and faster. CEO Ashok Vaswani is leading this change by adding AI and digital tools, reducing paperwork, and improving security. Outlining his vision in the 2023 annual report, Uday Kotak highlighted three key priorities: product excellence, customer obsession, and trust. He said the bank is shifting its mindset to achieve these goals. He also expressed his dream of helping India reach a USD 30 trillion economy while calling for a balanced approach to financial regulations. Kotak emphasized that the bank is focused on attracting and nurturing talent, both internally and externally, to better serve stakeholders. He noted positive changes in the bank’s culture and highlighted its role as a major employer, providing 100,000 direct jobs and many indirect opportunities. The bank’s ESG efforts have led to higher ratings and awards. Kotak also shared steps to improve gender diversity and support employees, including infant daycare services for single parents and new mothers, since April 2023. As of March 31, 2023, the bank’s total Assets Under Management (AUM) had reached over ₹4,20,800 crore, with its alternate assets growing by 125% year-on-year to ₹46,077 crore, including undrawn commitments. 

Analyst Insights: 

  • Market capitalisation: ₹ 3,94,682 Cr. 
  • Current Price: ₹ 1,985 
  • 52-Week High/Low:  ₹ 2,000 / 1,544 
  • Stock P/E: 20.0 
  • Dividend Yield: 1.06 % 
  • Return on Capital Employed (ROCE): 7.86 % 
  • Return on Equity: 15.1 % 

Kotak Mahindra Bank has grown well, with profits rising 20.4% per year in the last five years. Its bad loans have reduced from 2.75% in 2021 to 1.38% in 2024, showing better financial health. The bank earns good returns (ROE: 15.1%) but is expensive compared to rivals like HDFC Bank and ICICI Bank. Its revenue has almost doubled from ₹8,626 Cr in 2021 to ₹16,633 Cr in 2024, but it pays a very low dividend (0.10%) and has a high risk due to contingent liabilities (₹7,77,539 Cr). Since the stock price is near its highest level in a year, it is best to hold the stock. Short-term investors can sell some shares to book profits. 

Bandhan Bank Ltd
Bandhan Bank Stock Slumps: Key Challenges & Growth Prospects for Investors

Business and Industry Overview: 

Bandhan Bank started in 2015 as a full bank, but before that, it worked as a small company that gave loans to poor people to help them start businesses. The Reserve Bank of India permitted it to become a bank in 2014, and in 2015, it opened with 501 branches, 50 ATMs, and 2,022 service centres. The bank focuses on helping people who do not have much money, especially those in villages and small towns. It provides savings and current accounts, fixed and recurring deposits, and loans for small businesses, farmers, and even big companies. In 2018, Bandhan Bank joined the stock market, allowing people to buy and sell its shares. The bank grew very fast and became successful because it helped small business owners and women by giving them loans and financial services. It has many branches across India and continues to expand to serve more people. 

Banks keep money safe and give loans. They help people send and receive money. The RBI makes rules so banks work well. India has many types of banks. Foreign banks come from other countries. Private banks give good service and use new technology. Government banks help people and businesses. Rural banks give loans to farmers and small shop owners. More people now pay online instead of using cash. By 2026, most payments will be online. Banks use new methods to make banking easy. Farmers can apply for Kisan Credit Card (KCC) loans online. In 2023, India got its first UPI-ATM, where people can take out cash without a card. By 2024, 602 banks will use UPI, and people will have about 15 billion online payments. The RBI is making a digital currency for faster payments. The government made KYC rules easy, so opening a bank account is quicker. In 2023, India Post Payments Bank and Airtel started WhatsApp banking, so people can use phones for banking. Banking is growing fast, but fraud is also increasing. FinTech companies are giving more choices, so banks must improve. More people now like online banking, and the government is making new rules to help. Banking in India will keep growing. 

Latest Stock News: 

Bandhan Bank’s stock has fallen for two days, and today it dropped 6%, making the share price Rs 139.9. The bank is not doing well compared to other banks. The BSE BANKEX index, which tracks bank stocks, is also down 0.3%, but some banks, like ICICI Bank (+2.6%) and Kotak Bank (+0.5%), are growing. In the last year, Bandhan Bank’s stock fell 28.3%, while the overall bank index went up 1.3%. Other banks like HDFC Bank (+16.7%), Federal Bank (+15.1%), and ICICI Bank (+14.5%) did much better. The BSE Sensex, which tracks the stock market, is at 74,024.9, down 0.1% today. Bandhan Bank’s profit in October-December 2024 fell 41.8% to Rs 4,265 million, but its sales grew 17.4% to Rs 54,787 million. For the full year (FY24), the bank’s profit went up 1.6% to Rs 22,296 million, and revenue increased 18.6% to Rs 188,696 million. Right now, the bank’s P/E ratio is 9.1, which helps investors decide if the stock is cheap or expensive. Even though the bank is making more money, its profit is falling, and its stock is not doing well. 

Potentials: 

Bandhan Bank wants to grow and reach more people across India. It plans to open many new branches, especially in small towns and villages, so that more people can access banking services easily. The bank will provide more loans to small shop owners, farmers, and businesses to help them expand and earn more money. It is working to make online banking faster and simpler so that customers can send money, check their balance, and apply for loans easily from their phones. 

Bandhan Bank is improving its mobile app and website so that people can use banking services anytime, anywhere. It is also making online banking safer by using better technology to protect customers from fraud. The bank is working hard to reduce bad loans by carefully checking if a person or business can repay before giving them money. It will also support borrowers in paying on time so that they do not face financial trouble. 

To attract more customers, Bandhan Bank will offer better interest rates and new financial products that suit different needs. It will follow all government rules and work closely with the Reserve Bank of India (RBI) to stay strong and reliable. By focusing on growth, better service, and safety, Bandhan Bank aims to become one of the most trusted banks in India and help more people build a better future. 

Analyst Insights: 

  • Market capitalisation:₹ 22,845 Cr. 
  • Current Price: ₹ 142 
  • 52-Week High/Low:  ₹ 222 / 128 
  • Stock P/E: 9.20 
  • Dividend Yield: 1.06 % 
  • Return on Capital Employed (ROCE): 7.06 % 
  • Return on Equity: 10.8 % 

Bandhan Bank’s stock is priced lower compared to other big banks, like HDFC and ICICI, which makes it a good buy at the moment. The stock is trading below its book value, which means you might get more value than you’re paying. The bank has reduced its debt, but it still has some issues, such as a high number of bad loans (NPAs) and large liabilities. Despite these problems, the bank is still making a good profit with a return on equity of 10.8%, which is decent. If you buy this stock now, it could rise in value over time, especially since it’s near its lowest price. It might be a good idea to buy the stock if you’re looking for a long-term investment. 

IDBI Bank Ltd Q3 Earnings
IDBI Bank Ltd: Driving Growth and Stability in India’s Banking Sector

IDBI Bank Ltd: Overview 

IDBI Bank Ltd., a prominent player in the Indian banking sector, operates as a full-service bank offering a wide range of financial products and services to retail, corporate, and small business clients. Originally established in 1964 as the Industrial Development Bank of India, it was created to support India’s industrial growth. Over the years, it transitioned into a commercial bank while retaining its developmental focus. The bank’s offerings include savings and current accounts, loans, investment products, and payment solutions, alongside specialized services like project financing and treasury operations. Now majority-owned by Life Insurance Corporation of India (LIC), IDBI Bank benefits from the backing of one of the country’s largest financial institutions, which bolsters its financial stability and brand value. With a network of branches and ATMs spread across the nation, IDBI Bank aims to serve diverse customer segments effectively, supported by digital initiatives to enhance convenience and accessibility. The Indian banking industry is poised for steady growth, driven by economic expansion, increasing digital adoption, and a rising demand for financial inclusion. The sector is seeing a significant push toward modernization, with banks focusing on technology to streamline operations and improve customer experiences. However, challenges like rising competition, non-performing assets (NPAs), and regulatory pressures remain concerns. Within this dynamic environment, IDBI Bank is strategically positioned to leverage its strong parentage, operational expertise, and evolving digital capabilities to capture emerging opportunities. Its focus on improving asset quality and expanding its retail and MSME portfolios aligns with the broader industry trend of risk management and growth diversification. 

Latest Stock News 

Asset quality for IDBI Bank remained stable on a sequential basis, with gross non-performing assets (NPA) at 3.57% compared to 3.68% in the previous year. Net NPA for the quarter stood at 0.18%, showing a slight improvement from 0.2% in the preceding quarter. In another key development, the bank’s board approved the sale of its entire holding of 8.54 lakh shares, valued at ₹100 each, in Pondicherry Industrial Promotion Development and Investment Corporation Ltd. (PIPDIC), which represents a 21.14% stake in the associate company. 

The disinvestment process for IDBI Bank is gaining traction, with financial bids for a 60.72% stake expected to be invited by the end of the current fiscal year, according to government sources. This stake sale, which includes 30.48% held by the government and 30.24% by LIC, will involve transferring management control as part of the strategic sale. The process is one of the largest disinvestment efforts in the banking sector. Before proceeding, the Reserve Bank of India (RBI) conducted a “fit and proper” assessment of the bidders, ensuring compliance with regulatory norms. 

Following RBI clearance, the government opened a data room in November to allow bidders access to IDBI Bank’s legal and financial documents. This move facilitates a thorough due diligence process, enabling bidders to evaluate the bank’s performance and request additional information as needed. With these preparations in progress, financial bids are anticipated to finalize the future ownership structure of IDBI Bank by March 2025, marking a significant milestone in its strategic sale. 

Q3 FY24 Earnings 

  • Revenue of ₹7819 crore in Q3 FY25 up by 19.4% YoY from ₹6549 crore in Q3 FY24.  
  • EBITDA of ₹1854 crore in this quarter at a margin of 24% compared to 15% in Q3 FY24. 
  • Profit of ₹1954 crore in this quarter compared to a ₹1515 crore profit in Q3 FY24. 
Zomato Latest Innovation
Blinkit Launches 10-Minute Ambulance in Gurugram: Zomato Latest Innovation

Zomato Limited: Overview 

Zomato Limited, which was founded in 2010, is among the top online meal service platforms based on the quantity of food supplied. Among its features are meal delivery, dining-out options, loyalty plans, and more. As of December 31, 2020, Zomato had a significant footprint throughout 23 countries, with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million clients. It has three brands under its name Zomato, Hyperpure and Blinkit. The revenue contribution of Zomato is Food delivery 70%, Quick Commerce 24% and Going out is 6%. Zomato has active listed restaurants of 390,000 and clients are 16.4 mn monthly. Zomato is working in 1000+ cities and about 500 cities are added in FY22. The company has 28 subsidiaries, 1 trust and 1 associate. 

Latest Stock News (04-Jan-2025) 

Zomato‘s subsidiary has launched 10 min ambulance in Gurugram, this initiative has covered many eyes on internet. Blinkit is planning to expand this initiative to other major cities which can benefit the Zomato’s image among its customers. Hemal Jain has resigned from her Senior Management Personnel role from Zomato. Zomato has faced a GST charge of ₹401 crore with a penalty. This GST penalty was on the GST collected on the delivery charges. 

Shareholding Pattern as on September 2024 

Key Stats 

Market Cap ₹263309 Crore 
Revenue ₹15855 Crore 
Profit ₹742 Crore 
ROCE 1.14% 
P/E 355 

Peer Comparison 

Amt in ₹ Cr MCap Sales PAT ROCE Asset Turn. EV/EBITDA D/E P/E 
Zomato 263309 1588 742 1.14% 0.54 183 0.05 355 
Swiggy 121200 11247 -2304 -68.8 1.03 -67 0.15 – 
Info Edge 116956 2663 485 3.65 0.1 89.6 0.01 245 
FSN E-Commerce 47985 7077 42.9 6.87% 2.01 117 1 1121 
One 97 62641 8278 -2013 -8.5% 0.57 -46.9 0.01 – 

Financial Trends 

Amount in ₹ Cr 2020 2021 2022 2023 2024 
Revenue 2605 1994 4192 7079 12114 
Expenses 4909 2461 6043 8289 12071 
EBITDA -2305 -467 -1851 -1211 43 
OPM -88% -23% -44% -17% 0% 
Other Income 16 -200 793 682 846 
Net Profit -2386 -816 -1222 -971 351 
NPM -91.6% -40.9% -29.2% -13.7% 2.9% 
EPS -70096 -23126 -1.54 -1.14 0.4 

Stock Price Analysis 

Zomato has shown a return of -4.27% in one day, -2.55% over the past month, and 1.45% in the last three months. The stock has experienced fluctuations today, with a low of ₹271.7 and a high of ₹285.65. Over the past 52 weeks, the shares have seen a low of ₹121.7 and a high of ₹304.5. The stock price is in upward range and volumes traded have normalized from the past. Stock has given 6 times returns in 2 years showing the support from great financials of company.

Bajaj Holdings & Investment Ltd
Bajaj Holdings & Investment Ltd: A Leading NBFC with Strong Market Performance and Investment Potential

Company Overview

Bajaj Holdings & Invest. Ltd, was demerged from Bajaj Auto Ltd. The manufacturing work was transferred into Bajaj Auto, wind farm business and financial services business was given to Bajaj Finserv Ltd, and the properties, assets, liabilities of Bajaj Auto is transferred to Bajaj Holdings & Investments Ltd. It is registered as NBFC with RBI and it holds more than 35% stake in both Bajaj Auto Ltd and Bajaj Finserv Ltd. The revenue segments for the firm are basically interest income, fair value gain/loss and dividend income. The investments are done in Equity and debt markets; the diversification is handled as 65% investments in equity market and 35% in debt funds to balance the risk of its portfolio.

Shareholding Pattern as on September 2024

Key Stats

Market Cap₹130761 Crore
Revenue₹1732 Crore
Profit₹7407 Crore
ROCE13.07%
P/E17.7

Peer Comparison

Amt in ₹ CrMCapSalesPATROCEAsset Turn.EV/EBITDAD/EFCF
Bajaj Hold & Inv.1307611732740713.07%0.0317.070.001941
Bajaj Finance422635622781537311.92%0.1716.943.74-73753
SBI Cards6331217749221012.54%0.3317.053.3-5526
Shriram Finance10898138466783911.27%0.1610.873.97-31635
Muthoot Finance8614414397413313.15%0.1613.312.82-9471

Financial Trends

Amount in ₹ Cr20202021202220232024
Revenue4354574845221702
Expenses134106117142140
EBITDA3013523673801562
OPM69%77%76%73%92%
Other Income30583451389646735967
Net Profit30803654412649467365
NPM708.0%799.6%852.5%947.5%432.7%
EPS268.8327.98364.5435.8652.7

Latest News

The Bajaj Group, home to some of India’s most prestigious companies, has consistently delivered exceptional value to its investors. Known for its strong fundamentals and reliable returns, the group has established itself as a powerhouse for long-term wealth creation.

With the highly anticipated IPO of Bajaj Housing Finance on the horizon, an analysis by ETMarkets highlights robust performance across the Bajaj Group’s diverse portfolio. Flagship companies such as Bajaj Finance, Bajaj Finserv, Maharashtra Scooters, and Bajaj Auto have achieved extraordinary growth, with stock prices soaring over 1000%, transforming early investors into millionaires.

Bajaj Finance stands out as a prime example, delivering a staggering 2876% return over the past decade. This impressive stock performance is underpinned by solid financial growth, including a profitability CAGR of 34% and sales CAGR of 29.8% between FY14 and FY24, making it one of the most celebrated stocks in the market.

Stock Price Analysis

The share price is in growing trend and is increasing before 2020 and is still rising because the company holds the Bajaj Auto Ltd and Bajaj Finserv Ltd and they have been doing well in the market. Since Covid-19, the stock has increased 7 times from that price levels. The share traded volumes are still normal but the financials are helping the stock prices reach at new higher levels.

Bharat Earth Movers Ltd.
Is Bharat Earth Movers Ltd. (BEML) the Next Big Investment Opportunity?

Company Overview 

Bharat Earth Movers Ltd. (BEML), headquartered in Bengaluru, India, is a leading public sector undertaking under the Ministry of Defence. Established in 1964, BEML has evolved into a diversified engineering powerhouse, catering to critical sectors including defense, railways, and construction. The company plays a pivotal role in India’s infrastructure and defense development. BEML is a key supplier of military equipment to the Indian armed forces, producing high-mobility vehicles, tank transporters, and missile launchers. BEML offers a comprehensive range of heavy-duty machinery for mining and construction projects, including dump trucks, bulldozers, excavators, and loaders. BEML has a strong domestic footprint and is steadily expanding its international presence, with exports to over 68 countries. 

Return Summary 

YTD 1 Month 6 Month 1 Year 2 Year 3 Year 5 Year 
57.82% 9.05% 10.47% 82.19% 190.46% 129.85% 353.97% 

3 Year Return: BEML v/s NIFTY50 

Result & Business Highlights 

  • Revenue for YoY and QoQ is at increasing phase at Q2 FY25 revenue of ₹860 crore with a moderate EBITDA margin of 8% at ₹73 crore. 
  • Business segments contribution is Defence & Aerospace 19%, Mining & Construction 43% and Rail & Metro 38%. 
  • BEML exports over 1400+ equipment to 72 countries; railway products are exported to the SAARC region. 
  • Export turnover in FY20 was ₹463 crores, which is now over ₹1066 crores in FY24 and is ₹196 crore in Sep 2024.
  • Major accomplishment of BEML are 350 armoured vehicles, 3560 military wagons, 2000 metro cars and 18000 rail coaches.
  • The company has won new contracts worth ₹136 crore and ₹83 crore from the Ministry of Defence. 

Shareholding Pattern 

Return Comparison with Peers 

COMPANY 1 Year 2 year 3 Year 5 Year 
BEML 82.19% 190.46% 129.85% 353.97% 
Hindustan Aeronautics 66.55% 241.84% 612.54% 1123.19% 
Bharat Dynamics 78.41% 156.77% 501.51% 750.86% 
Paras Defence 58.46% 81.63% 53.49% – 
MTAR Technologies (23.53%) 3.52% (27.29%) – 

Contribution to Industry Size 

The Indian defence manufacturing sector is valued at approximately $12 billion, with a goal to reach $25 billion by 2025 under the government’s “Make in India” initiative. BEML is a critical supplier of high-mobility vehicles, tank transporters, missile launchers, and ground support equipment. The company supports over 40% of the market for high-mobility military vehicles, positioning it as a key enabler of indigenous defence manufacturing. The Indian mining and construction equipment market is valued at around ₹25,000 crore (~$3 billion), with steady growth driven by infrastructure investments. The Indian railways and metro rail systems are part of a $20 billion industry, with significant investments in urban transit expansion. It holds a dominant position in metro coach manufacturing, supplying vehicles for major cities like Delhi, Bengaluru, and Mumbai. 

Balance Sheet Analysis 

  • Reserves are stable at ₹2038 crore from FY21 to ₹2650 crore with high revenues and efficient management operations to ₹4054 crore in FY24. 
  • Borrowing has reduced year on year, makes no worry. 
  • Trade receivables are increasing makes a worry for company in collection of income form government. 

Cash Flow Analysis

  • Cash flow from Operations is ₹560 crores in FY23 and ₹458 crores in FY24. 
  • The Company has purchased fixed assets worth ₹101 crore in FY24, shows a great sign of expansion. 
  • Company is paying dividends continuously every year to its shareholders, shows a positive sign of stable company.