How to Use Mutual Fund Calculators?

How to Use Mutual Fund Calculators?

Mutual funds play an important role in financial planning mainly because they are versatile products. They can offer the growth of equities, the safety of debt, the liquidity of cash and the uniqueness of gold. In short, it is possible to conduct your entire long term financial planning with a combination of mutual funds. But, how do you decide which funds to invest, how to invest and how much to invest? That is where mutual fund calculators come in handy. Here are five such mutual fund calculators that are very useful in taking mutual fund decisions.

Mutual Fund ranking tool

his is a very basic tool that allows you to rank mutual funds under various categories based on returns over different time periods. For example, you can rank funds across 1-year returns, 3-year returns, 5-year returns or even 10-year returns. Similarly, you can filter only direct funds or only regular funds depending on your investment choice. All these mutual fund rankers are based on past data and you must do your due diligence before investing. There are also Morningstar rankers that rank funds on the basis of risk-adjusted measures like Sharpe and Treynor. You essentially have a wide choice.

SIP versus lump-sum simulator

Systematic investment plans (SIPs) have become very popular in the last few years with nearly Rs.8500 crore coming via SIPs each month. SIPs are a form of gradual investing where each month you invest a fixed sum of money in the same fund. Value Research allows you to simulate the returns of a fund for a certain time period as a lump sum investment versus regular SIP. This simulator helps you to compare which has given better returns and you can make your choice accordingly.

sip invesment

SIP future value Calculator

This is a very simple calculator which helps you to quickly figure out how much your regular SIP will grow into. For example, you just need to input the monthly SIP amount, the likely annual return and the time frame. The SIP value calculator immediately tells you how much your SIP will be worth at the end of the tenure. Why is this useful? SIPs work best over the long run. In fact, you can create more wealth with smaller SIPs if you hold long enough. You can see this live with a SIP value calculator.

SIP contribution calculator

This SIP calculator has a lot of practical value. It is just looking at the SIP value calculator the other way. This is very useful in retirement planning. For example, if you need Rs.45 lakhs at the end of 15 years for your daughter’s higher education, you can immediately simulate that you need to save Rs. 8,000 per month at 14% annualised return. Clearly, you need to opt for equity funds. Using mutual fund calculators is as simple as that.

sip

Systematic withdrawal calculator

This calculator is very useful for retirees who need to prudently use their invested money to get regular income after retirement. The systematic withdrawal plan uses your investment value to pay monthly income over a period of time. The SWP calculator will tell you how much monthly income you can earn from the corpus and for how long at a fixed rate of return. For example, if you have an investment value of Rs.50 lakhs and invest in a debt fund paying 8% per annum, you can withdraw Rs. 41,000 each month for 20 years before the sum gets depleted. This is an important retirement calculator and is also tax efficient. Mutual fund calculator help you take decisions based on real data so that your decisions reflect the real life situation as close as possible. Make the best of them.

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Stocks That Have Gained More Than 50% in H1 2020

Stocks That Have Gained More Than 50% in H1 2020
by Nikita Bhoota 07/03/2020

Most of the investors would be thinking of if they could rule out the year 2020 from their investment portfolio as the first 6 months (H1) of the year 2020 was a challenging period for equity markets. The market made record high in January 2020 but started tumbling around the union budget and later entered a bear phase on account of covid19 outbreak across the world. Both the benchmark indices Sensex and Nifty50 plummeted 15% each in H1 of the year 2020. Meanwhile, the S&P BSE Midcap index and S&P BSE Smallcap index declined 13% and 10% respectively.

However, the Sensex and Nifty jumped 34.4% and 35.4% respectively from March lows supported by the huge global liquidity and commitment for more fiscal stimulus for economic recovery. Out of MSE 500 stocks, 127 stocks have given positive returns. Whereas, 298 stocks have fallen more than 10% in the same period. Below is the list of stocks that have created magnificent wealth for the investors (more than 50% return) in the first half of the year 2020.

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Company Name

01-Jan 20

30-Jun 20

Loss/ Gain

Suzlon Energy Ltd.

1.9

5.1

167.5%

GMM Pfaudler Ltd.

1,877.1

4,093.9

118.1%

Adani Green Energy Ltd.

174.8

358.7

105.2%

Alkyl Amines Chemicals Ltd.

1,103.8

2,107.2

90.9%

The India Cements Ltd.

73.2

128.2

75.2%

Vodafone Idea Ltd.

6.1

10.6

73.8%

Escorts Ltd.

606.2

1,040.3

71.6%

Dhanuka Agritech Ltd.

419.3

708.7

69.0%

Aurobindo Pharma Ltd.

458.4

771.5

68.3%

Granules India Ltd.

121.8

202.5

66.3%

Alembic Pharmaceuticals Ltd.

550.9

913.4

65.8%

JB Chemicals & Pharmaceuticals Ltd.

428.5

707.2

65.1%

Bayer CropScience Ltd.

3,616.3

5,944.7

64.4%

Navin Fluorine International Ltd.

1,003.9

1,621.6

61.5%

Hathway Cable & Datacom Ltd.

19.8

31.8

60.8%

TV18 Broadcast Ltd.

21.3

33.8

59.1%

Rallis India Ltd.

174.5

272.6

56.2%

Dishman Carbogen Amcis Ltd.

78.5

121.9

55.2%

Tata Communications Ltd.

398.4

611.2

53.4%

Dixon Technologies (India) Ltd.

3,786.1

5,744.9

51.7%

Vaibhav Global Ltd.

849.2

1,279.2

50.6%

Source: Ace Equity

The above table shows that 21 stocks have rallied more than 50% in H1 of 2020. Suzlon Energy Ltd. tops the list followed by GMM Pfaudler Ltd. and Adani Green Energy Ltd.

  • Suzlon Energy Ltd. rallied 167.5% as it completes Debt Restructuring; Lenders allow repayment of dues in 10 years. The rally may also due to anticipation of certain positivity in the renewable sector.
  • Aurobindo Pharma Ltd. jumped 68.3% in H1 2020 on account of healthy quarterly performance supported by strong execution across markets, sharp gross margin expansion and debt reduction.
  • GMM Pfaudler (GMMP) a leading supplier of process equipment to the pharmaceutical and chemical industry, the stock doubled investors’ wealth as it is the key beneficiary of the shift of manufacturing of Chemical & API business from China to India.
  • Adani Green Energy Ltd. rallied 105% in the same period supported by certain corporate actions and due to winning the world’s largest solar tender. 
  • Shares of India Cements surged 75.2% amidst media reports of ace investor Radhakishan Damani considering a takeover of the company. However, the company denied the reports of Mr. Damani buying a controlling stake in the company.
  • Escorts share price jumped 71.6% on account higher tractor sales in May, prospects of a good monsoon.

The other stocks that gave magnificent returns in the first half of 2020 were Vodafone Idea Ltd, Dhanuka Agritech, Tata Communications, JB Chemicals & Pharmaceuticals etc. Most of these stocks are from the small & midcap space and rally in these stocks are largely attributed to the rally in the broader markets, and stock-specific fundamental factors.

Stocks that underperformed the benchmark induces

Below is the list of stocks that have fallen more than 50% in H1 2020

Company Name

01-Jan 20

30-Jun 20

Loss/ Gain

IndusInd Bank Ltd.

1,484.6

474.7

-68.0%

Lemon Tree Hotels Ltd.

63.3

23.9

-62.3%

Future Retail Ltd.

342.2

129.0

-62.3%

Repco Home Finance Ltd.

318.6

122.5

-61.5%

Raymond Ltd.

671.7

277.4

-58.7%

DCB Bank Ltd.

176.2

75.8

-57.0%

Spicejet Ltd.

116.4

50.3

-56.8%

Varroc Engineering Ltd.

415.7

181.8

-56.3%

EIH Ltd.

143.7

63.6

-55.7%

Delta Corp Ltd.

194.7

86.8

-55.4%

Sunteck Realty Ltd.

418.3

188.0

-55.1%

Canara Bank

221.6

100.6

-54.6%

Shoppers Stop Ltd.

370.4

169.0

-54.4%

Spandana Sphoorty Financial Ltd.

1,184.3

545.6

-53.9%

Tata Chemicals Ltd.

671.7

310.2

-53.8%

Equitas Holdings Ltd.

106.3

49.6

-53.4%

PNB Housing Finance Ltd.

445.0

208.0

-53.3%

IDFC Ltd.

38.9

18.4

-52.7%

Bank Of Baroda

101.9

48.6

-52.3%

Shriram City Union Finance Ltd.

1,379.2

671.3

-51.3%

Take Solutions Ltd.

99.0

49.4

-50.2%

RBL Bank Ltd.

347.8

173.4

-50.1%

Source: Ace Equity

22 stocks on BSE 500 have plummeted more than 50% In H1 2020 largely impacted by lockdown in the country. The world’s biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people has resulted in a hefty loss.

Recommendations to the Investors

The first six months of 2020 was a roller-coaster ride for investors where markets moved from a bull phase to a bear phase and rebounded again. The coming months will be interesting for Indian equity markets. The world is looking forward to the post COVID world but as of now, there is no definitive timeline. The stability in the market can be seen once the world finds a vaccine for covid 19. There are lot of opportunities for long term investors to get into stocks. However, stocks should be selected based on strong fundamentals, management, and prospects of the business. At the same time, it is also essential to consider the risk appetite of the investor.

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What is short selling and how does it work?

What is short selling and how does it work?
19/03/2020

If you expect the stock price to go up, the choice is quite simple. You either buy the stock for delivery and hold it in your demat account or you buy the futures, if available in F&O. But what if you have a negative view on the stock? You can sell futures or you can even buy a put option. But what if the stock is not available on F&O? Short selling could be the answer.

What is short selling all about?

Normally, the rule with any asset is that you can only sell what you own. That means, you must have clear delivery in your demat account before you can sell the stock. But can you sell without delivery? That is possible in the equity markets; but only on an intraday basis. Short selling is possible in all stocks that are not in the “Z” group or in the Trade to Trade (T2T) segment.

Rolling settlement stocks have to be settled on a T+1 basis. That means, if you sell the stock today then you need to give delivery from your demat account next day morning. However, delivery is applicable if your net position is negative at the end of the day. That means; if you sell the stock and buy it back same day, it will be treated as an intraday trade. In that case, you don’t need to give delivery and only the profit or loss will be adjusted to your trading account. That is what short selling is all about.

How does short selling work?

Short selling is about selling a stock and then buying it back before the end of the trading day. You have a 5-6 hours window to close out your position. Short selling is deployed when you expect the stock price to go down during the day. There are 3 steps to short selling.

  • While placing the sell order, you must select the option MIS (Margin intraday square-up) which will tell the system that it is a short-sell order.
  • Intraday order entails payment of margins. However, margins can be reduced by placing a Cover Order (CO) or a Bracket Order (BO). In a CO, you add a stop loss and in BO you add stop loss order and profit target.
  • Short selling orders (intraday) have to be mandatorily closed out same day. Brokers run an RMS check around 3.15 pm and close out pending orders automatically.

Scenarios in short selling

Once you short sell a stock, there are three possible scenarios.

  • You sell the stock and it goes down. For example, you sold 500 shares of RIL at Rs1,100 and are down to Rs1,080. You can book profits of Rs10,000 and close out.
  • You sell the stock and it goes up. If the stop loss is placed then it terminates the position automatically. You can also stop out earlier to cut losses.
  • You place a sell order and the stock does nothing for first 4 hours. You can choose to close out to avoid last hour volatility. Of course, you may lose some money after brokerage and statutory costs.

Benefits and risks in short selling

Let us look at the benefits of short selling first. It allows you to make profits on a negative view on the stock, even if you don’t own it. Secondly, if you have shares in your demat account, you can use that as margin to short sell. In a worst case scenario, you can give delivery. Thirdly, short selling allows you to apply negative view on non-F&O stocks.

What are the risks? In a volatile market, your stop losses may get triggered higher and add to your losses. Although the broker runs RMS on intraday positions, the onus is on you to close out positions. If you forget to close out and the system fails, the stock goes into auction and can result in huge losses. Be wary of that!

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Indian Stock Market Trading and Settlement Process

Indian Stock Market Trading and Settlement Process

When you buy or sell stocks in the market, your job ends with the transaction. However, there is a massive back-end process that goes on behind the scenes to enable your trade to go through smoothly. For example, the trade is only one part of the entire secondary market transaction. The other two back end processes of clearing and settlement are equally important.

What exactly is a trade?

A trade is either carried out in an offline mode or in online mode. The trader can execute via phone, laptop or mobile app. A trade occurs when the order placed by one party finds counterparty. There are millions of trades on the NSE in the cash market and the F&O market segments. Being an anonymous trading system, the buyer and seller do not know one another. The stock exchange uses an electronic order matching system to match ‘buy’ and ‘sell’ orders from different traders. That is how each trade is executed.

Clearing of the trades

The exchange clears the trades for all the transactions executed on the exchange for a particular day. Once the trade is executed, the next step is to clear the trade.  Clearing is a multi-level structure which includes the brokers, the clients, the clearing members, the exchange and the clearing corporation of the exchange. They jointly form the clearing matrix for the trades.

What exactly is clearing? Clearing is the identification of obligations. For example, if Client A has done an intraday trade and made a loss of Rs.50,000, that has to be paid to the exchange. If Client B has bought shares, then the client needs to ensure that the free funds for the purchase plus transaction costs are made available in the trading account. If Client C has sold the shares, then the client needs to ensure that they have clear delivery in the demat account. By T+1 day, the trader must either give DIS or have a POA given to the broker to debit the demat account.

Clearing process begins only after orders are matched and the trade is executed. Clearing is important because it enables the identification of what security is owed to the buyer and how much money is owed to the seller. The entire process is managed by ‘clearing houses’. Although, these clearing houses are affiliated to the stock exchanges, their management is totally independent to keep Chinese walls.

Clearing is a gross level activity. At the end of the day, your net obligations in money and shares will be determined to enable you to know how much has to paid or received and how much shares have to be delivered or received. Traders tend to conduct multiple transactions in any trading day. As a result, the clearing house identifies all the transactions and the net amount or net securities owed to the trader are calculated.

Finally, the settlement process

This is the last and final step in the trade. Once the net obligations are calculated in the clearing process, the next step is to ensure that these financial obligations are honoured. The fulfilment of the financial obligations identified in the clearing step is called as settlement of the trade. Once the trade is settled, the loop is completed. The buyer receives the shares and the seller receives the bank credit by the end of T+2 day. Once the buyer receives the security and the seller receives the payment, the transaction is settled.

Some important settlement types on the stock exchange

These are some of the popular settlement types on the NSE.

  • Normal segment (N)
  • Trade for trade Surveillance (W)
  • Retail Debt Market (D)
  • Limited Physical market (O)
  • Non cleared TT deals (Z)
  • Auction normal (A)

Trades in the settlement type N, W, D and A are settled in dematerialized mode. Trades under settlement type O are settled in physical form. Trades under settlement type Z are settled directly between the members and may be settled either in physical or dematerialized mode.

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Here’s All You Need to Know About Getting a Demat Account

Open Demat Account
by 5paisa Research Team 25/03/2020

Demat Account is almost like a bank account. Just like you hold funds in your bank account, you hold shares and other securities in the Demat Account. Having a Demat Account is mandatory for trading in equities as per SEBI regulations. 

How to open Demat Account?

Demat Account can be opened online or offline. It is normally opened along with trading account (TCD) by the broker. Demat Account can be opened with any authorised depository participant (DP); which could be a bank or a broker. Here is how to open a Demat Account.

For offline Demat Account, you need to fill up the demat form and sign the demat agreement and submit to your DP. Basic documents like PAN Card, Proof of identity, Proof of residence and cancelled cheque are required. Copies of self-attested documents must be submitted to the DP along with the signed DP agreement. Carry the originals for verification by the officer. Demat account opening can take up to 4-5 days, if all the documents are in place.

Online Demat Accounts can be opened by filling up the online form on the DP website. You must authenticate your identify and address with your Aadhar Card and verify the same with OTP sent to mobile. An in-person-verification (IPV) has to be done before fully activating the demat account. Only Aadhar address will be considered for online demat.

Check: Procedure to open a Demat account


How to use the Demat Account

With a demat account, your purchase, sale and holding of securities are in electronic mode. You must issue a signed Debit Instruction Slip (DIS) to sell shares or you can give a power of attorney (POA) to the broker. When you sell shares, the demat account gets debited and when you buy shares the demat account gets credited.  All corporate actions like bonuses and splits are automatically credited to your demat account. Dividends are directly credited to the mapped bank account. 

Documents Required for Demat Account

As stated earlier, demat account opening requires proof of identity and proof of address. Proof of identity can be any statutorily issued photo identity like passport, Aadhar, driving license, voter card etc. Proof of address can be any of the above with complete and latest address or electricity or land line bill. In case of online demat account opening, the Aadhar address will be considered. In addition, submission of PAN card and cancelled cheque are mandatory for opening demat account.

Importance of having a Demat account

Here are some of the key uses of having a demat account.

1. It facilitates non-physical holding of securities

2. Demat account can hold equities, bonds, ETFs, gold bonds and other securities

3. Corporate actions are automatically executed in demat account

4. One point intimation of change in address, email, mobile to all companies

5. Eliminates risk of physical holdings like bad delivery, mutilation of certificates, loss in transit, forgery, fake certificates etc.

6. Trading shares, holding in demat and bank transfers become one seamless chain if you opt for online trading

7. Demat is also cost effective compared to dealing in physical certificates

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5 Stocks to BUY during Coronavirus (COVID 19) Crisis

5 Stocks to BUY during Coronavirus (COVID 19) Crisis
by Nikita Bhoota 30/03/2020

The spread of Coronavirus (Covid 19) epidemic has created panic all over the world. In India, the number of coronavirus cases is also on the rise. According to recent media reports, 1,170 people are affected by coronavirus. To break the chain of coronavirus spread, the GOI has declared 21 days lockdown. Although, the lockdown may curb the coronavirus spread but will continue to slow down the economic activity and will shake the investor confidence in the market. However, the Government has announced Rs.1.7lakh cr relief package to support the stressed pockets in the economy and to keep the situation from getting out of control.

Largely, due to COVID impact, the Indian equity market has tumbled 22.7% Nifty 50 and 22.1% Sensex from February 28, 2020 to March 27, 2020.  Besides the crude oil war on increasing the production at a time when the demand is low due to Covid19 have also impacted the market performance. After, witnessing such a huge fall in the market, investors are rushing to liquidate their portfolio and book loss in a view that market will fall further.

However, selling the portfolio in a falling market is not the right approach, the investor should rather consider such a huge correction in the market as an opportunity to accumulate the right stock for long term wealth creation. Therefore, based, on fundamentals, management outlook and attractive valuations, 5paisa have cherry-picked below 5 stocks that can appreciate in the long-run.

Bharti Airtel

CMP: Rs. 448
Target Price: Rs595 (1-year)
Upside: 32.8%

We are positive on the stocks as the telecom player is well placed to benefit from the likely tariff up-cycle in the industry, in the next 2-3 years. TRAI’s recommendations on floor pricing may result in price hikes. Bharti is confident that its AGR dues are Rs130bn, based on self-assessment. A reconciliation exercise with DoT could result in a significant reduction in Bharti’s dues compared to the Rs370bn demanded by them. Bharti also managed to raise US$8bn in equity and debt in the past 12 months, which is timely, considering the potential impending credit squeeze in the markets. This should enable it to continue its high-capex trajectory and gain RMS. Additionally, COVID-19 impact on 4G handset supply chain that may result in higher dependence on used smart-phones (Favorable for older telcos) is beneficial for Bharti. Thus, we expect revenue CAGR of 11.8%over FY19-FY21E. We expect EBITDA CAGR of 31.5% over the same period. The stock is trading at EV/EBITDA of 9.4x FY21E

Year

Net Sales (Rs Cr)

OPM (%)

PAT(Rs Cr)

EPS(Rs)

EV/EBITDA

FY19

80,780

31.7

410

0.8

12.9

FY20E

86,848

41.7

(27,200)

-49.9

10.9

FY21E

100,912

43.9

2,100

3.8

9.4

Source: 5paisa Research

ICICI Lombard (ILOM)

CMP: Rs 1,023
Target Price: Rs 1,400 (1-year)
Upside: 36.9%

ICICI Lombard (ILOM) has corrected sharply from its highs, due to broader market sell-off driven by the COVID-19 pandemic. We see a comparatively lower risk to ILOM’s earnings, as it remains relatively insulated from the economic impact of COVID-19. We are positive on the stock as ILOM net beneficiary in the dynamic motor segment. The Structural changes in Motor TP regulations continue to give market share gains to ILOM, especially in OD, due to its strong OEM-dealer relationships. The recent Motor Vehicles Act should result in improved TP loss ratios, but in lower annual price hikes and investment float. Additionally, With GIC Re raising reinsurance rates in various sub-segments, effective Jan-2020, following up on the increase in Apr-2019, we expect Fire to be a key growth driver for ILOM. Health remains a structurally-high growth area, potentially more so after the pandemic, leading to marginal 3.6% GDPI CAGR for ILOM over FY19-21E. The stock trades at 29.5x FY21E EPS.

Year

GDPI (Rs cr)

PAT(Rs Cr)

EPS(Rs)

PE (x)

FY19

14,488

1,049

23.1

44.3

FY20E

13,948

1,213

26.7

38.3

FY21E

15,546

1,572

34.6

29.5

Source: 5paisa Research

Torrent Pharma

CMP: Rs 1,856
Target Price: Rs 2,200 (1-year)
Upside: 18.5%

The company is expected to outperform market growth in India by 150-200bps pa, driven by new product launches and in-licensing opportunities. Torrent’s recent new launches (e.g. Vildagliptin, Ticagrelor, Remogliflozin) have seen good traction till now. Thus, we expect revenue CAGR of 6.4% over FY19-21E. Management believes that OAI status on the Dahej facility is not likely to escalate into a warning letter, on the basis of the discussions of Torrent management with the USFDA. Re-inspection of the Dahej plant is expected by mid-2020, and clearance expected in 1HFY21. Indrad facility will be offered for re-inspection by 3QFY21, with clearance expected in 2HFY21.  Torrent’s deleveraging plans are on track. In 1HFY20. For full-year FY20, Torrent expects to reduce its net debt by Rs8-9bn. We project EBITDA and PAT CAGR of 9.6% and 58.1% respectively over FY19-21E. The stock is trades at 28.8x FY21E EPS.

Year

Net Sales (Rs Cr)

OPM (%)

PAT(Rs Cr)

EPS(Rs)

PE(x)

FY19

7,610

26.1

436

25.8

71.9

FY20E

7,924

27.2

947

56.0

33.1

FY21E

8,609

27.7

1,090

64.5

28.8

Source: 5paisa Research

Deepak Nitrite (DNL)

CMP: Rs 376
Target Price: Rs 570 (1-year)
Upside: 51.7%

We expect strong topline growth of 29.2% CAGR over FY19-21E driven by growth in the Basic Chemicals and the Fine & Specialty segments. Downstream derivatives of phenol and acetone should start contributing to growth from FY21E. The company continues to invest in R&D, and efforts are underway to launch new fine & specialty chemicals that are agrochemical and pharma intermediates. Further, Management expects DNL to benefit from the unfortunate outbreak of the novel coronavirus, which will likely accelerate the search for non-China suppliers. EBITDA margins are expected to improve 450 bps over FY19-21E due to continuous strength in basic chemicals, Fine and Specialty chemical segment and products business. We see PAT CAGR of 70.2% over FY19-21E. The stock is trades at 10.2x FY21E EPS.

Year

Net Sales (Rs Cr)

OPM (%)

PAT(Rs Cr)

EPS(Rs)

PE(x)

FY19

2,699

15.3

173

12.7

29.6

FY20E

4,270

23.0

560

41.1

9.2

FY21E

4,505

19.8

501

36.7

10.2

Source: 5paisa Research

Kansai Nerolac (KNPL)

CMP: Rs 359
Target Price: Rs 520 (1-year)
Upside: 45%

Kansai Nerolac (KNPL), the Indian subsidiary of Kansai Japan, with a higher industrial share than peers, will see 5% revenue CAGR over FY19-21E supported by decorative paint segment. Decorative paint demand would be driven by repainting demand and rising dealer networks in tier II and tier III cities. However, we believe industrial segment performance would largely depend on recovery of automotive industry. But, a shift in focus towards other industrial categories like coil coating & functional powder coatings would help drive segment performance. We expect EBITDA CAGR of 11.6% over FY19-21E fall in raw material price. We expect PAT CAGR of 14.9% over FY19-21E. The stock trades at 32.4x FY21E EPS.

Year

Net Sales (Rs Cr)

OPM (%)

PAT(Rs Cr)

EPS(Rs)

PE(x)

FY19

5,424

13.9

452

8.4

42.8

FY20E

5,431

15.4

536

9.9

36.1

FY21E

5,999

15.6

597

11.1

32.4

Source: 5paisa Research